Mahindra & Mahindra Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 9, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	4,029,445	2,971,769	2,139,707	1,289,016	895,511	881,590
Market Cap Growth	28.12%	38.89%	66.00%	43.94%	1.58%	184.38%
Enterprise Value	5,094,904	3,974,972	3,020,557	1,995,936	1,588,218	1,642,555
Last Close Price	3609.60	2644.55	1892.18	1129.28	778.11	758.67
PE Ratio	28.55	22.99	18.99	12.54	13.62	48.64
Forward PE	25.11	13.41	13.41	13.41	13.41	13.41
PS Ratio	2.27	1.85	1.52	1.05	0.99	1.17
PB Ratio	4.11	3.34	2.76	1.92	1.58	1.74
P/TBV Ratio	5.85	4.28	3.65	2.55	2.15	2.42
P/FCF Ratio	-	-	-	-	27.92	8.27
P/OCF Ratio	60.29	93.58	-	-	9.68	5.29
PEG Ratio	-	1.28	1.28	1.28	1.28	1.28
EV/Sales Ratio	2.87	2.47	2.14	1.63	1.75	2.19
EV/EBITDA Ratio	14.41	13.39	12.20	10.27	11.31	12.53
EV/EBIT Ratio	16.46	14.92	13.58	11.77	13.29	14.73
EV/FCF Ratio	-195.17	-	-	-	49.51	15.40
Debt / Equity Ratio	1.32	1.45	1.41	1.39	1.37	1.60
Debt / EBITDA Ratio	3.84	4.26	4.29	4.64	5.36	5.96
Debt / FCF Ratio	-	-	-	-	24.27	7.58
Asset Turnover	0.65	0.63	0.64	0.64	0.53	0.45
Inventory Turnover	4.88	4.97	4.76	5.25	4.95	3.75
Quick Ratio	0.48	0.58	0.45	0.49	0.53	0.59
Current Ratio	1.35	1.40	1.30	1.29	1.34	1.40
Return on Equity (ROE)	17.23%	16.89%	16.97%	18.36%	13.50%	7.53%
Return on Assets (ROA)	6.71%	6.48%	6.29%	5.58%	4.39%	4.18%
Return on Invested Capital (ROIC)	11.60%	11.60%	11.58%	11.18%	8.42%	6.91%
Return on Capital Employed (ROCE)	15.20%	14.20%	13.80%	12.50%	10.10%	9.70%
Earnings Yield	3.53%	4.35%	5.27%	7.98%	7.34%	2.06%
FCF Yield	-0.65%	-2.43%	-7.28%	-10.38%	3.58%	12.10%
Dividend Yield	0.70%	0.96%	1.11%	1.44%	1.48%	1.15%
Payout Ratio	19.81%	18.16%	16.07%	12.50%	14.91%	14.58%
Buyback Yield / Dilution	-0.23%	-0.09%	-0.13%	-0.16%	-0.10%	-0.48%
Total Shareholder Return	0.47%	0.87%	0.99%	1.28%	1.38%	0.67%

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