Mahindra & Mahindra Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	319,786	49,239	45,301	34,934	34,876
Short-Term Investments	208,049	189,545	109,726	121,249	101,633
Trading Asset Securities	-	171,909	95,752	108,399	90,417
Cash & Short-Term Investments	527,835	410,693	250,778	264,582	226,926
Cash Growth	28.52%	63.77%	-5.22%	16.59%	-3.16%
Accounts Receivable	90,643	85,402	76,874	71,989	65,238
Other Receivables	-	25,508	13,427	8,785	8,117
Receivables	602,013	557,358	480,902	427,621	365,778
Inventory	220,441	203,309	185,905	168,550	115,958
Restricted Cash	-	429.8	387.6	442.4	317.6
Other Current Assets	121,108	93,943	64,684	52,059	42,501
Total Current Assets	1,471,396	1,265,733	982,656	913,254	751,480
Property, Plant & Equipment	313,804	294,874	248,699	215,740	249,384
Long-Term Investments	195,190	197,067	241,045	230,185	203,181
Goodwill	25,348	23,739	24,484	25,489	13,404
Other Intangible Assets	122,838	52,495	51,036	32,214	40,846
Long-Term Accounts Receivable	2,078	2,565	2,872	2,896	3,138
Long-Term Deferred Tax Assets	15,810	15,731	15,790	16,155	17,243
Long-Term Deferred Charges	-	65,761	44,922	44,742	30,283
Other Long-Term Assets	138,080	61,824	73,666	50,516	43,676
Total Assets	3,176,346	2,775,863	2,363,007	2,058,918	1,741,128
Accounts Payable	378,887	308,553	256,656	238,357	190,366
Accrued Expenses	-	65,576	55,800	53,007	45,183
Short-Term Debt	-	81,931	109,296	90,722	53,696
Current Portion of Long-Term Debt	561,446	336,545	245,752	248,088	207,661
Current Portion of Leases	6,968	6,062	6,084	5,973	5,055
Current Income Taxes Payable	9,818	7,197	5,425	6,160	3,920
Current Unearned Revenue	-	51,679	36,615	27,486	23,226
Other Current Liabilities	203,867	45,677	39,828	36,001	33,777
Total Current Liabilities	1,160,986	903,220	755,457	705,794	562,883
Long-Term Debt	764,427	838,973	700,758	555,587	487,686
Long-Term Leases	36,518	31,701	28,139	28,825	24,326
Long-Term Unearned Revenue	65,587	61,918	59,465	55,253	52,499
Pension & Post-Retirement Benefits	-	10,446	9,654	11,933	10,219
Long-Term Deferred Tax Liabilities	17,743	19,121	17,721	16,086	17,861
Other Long-Term Liabilities	36,175	19,504	16,720	14,618	17,402
Total Liabilities	2,081,436	1,884,883	1,587,914	1,388,097	1,172,875
Common Stock	5,588	5,582	5,574	5,568	5,561
Additional Paid-In Capital	-	29,328	28,249	27,455	26,495
Retained Earnings	-	731,188	625,797	528,615	436,333
Comprehensive Income & Other	925,376	4,291	2,286	2,020	2,838
Total Common Equity	930,964	770,389	661,906	563,658	471,226
Minority Interest	163,947	120,591	113,188	107,163	97,026
Shareholders' Equity	1,094,910	890,980	775,093	670,821	568,253
Total Liabilities & Equity	3,176,346	2,775,863	2,363,007	2,058,918	1,741,128
Total Debt	1,369,359	1,295,212	1,090,029	929,196	778,424
Net Cash (Debt)	-841,525	-884,520	-839,250	-664,614	-551,498
Net Cash Per Share	-748.96	-789.94	-750.16	-594.83	-494.38
Filing Date Shares Outstanding	1,117	1,116	1,115	1,114	1,112
Total Common Shares Outstanding	1,117	1,116	1,115	1,114	1,112
Working Capital	310,411	362,513	227,200	207,460	188,597
Book Value Per Share	833.12	690.12	593.76	506.14	423.71
Tangible Book Value	782,778	694,155	586,386	505,955	416,976
Tangible Book Value Per Share	700.51	621.83	526.01	454.32	374.93
Land	-	13,121	13,071	12,422	11,683
Buildings	-	79,427	70,561	67,474	65,317
Machinery	-	351,692	295,513	269,727	283,322
Construction In Progress	-	36,526	34,613	12,227	30,361
Leasehold Improvements	-	801.7	697	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.