Mahindra & Mahindra Limited (NSE:M&M)

Mahindra & Mahindra Ratios and Metrics

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

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 22, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	3,443,538	3,298,371	2,971,769	2,139,707	1,289,016	895,511
Market Cap Growth	2.23%	10.99%	38.89%	66.00%	43.94%	1.58%
Enterprise Value	4,449,009	4,363,830	3,974,972	3,020,557	1,995,936	1,588,218
Last Close Price	3081.30	2954.70	2644.55	1892.18	1129.28	778.11
PE Ratio	20.25	19.29	22.99	18.99	12.54	13.62
Forward PE	20.05	24.57	22.62	19.24	12.80	13.81
PS Ratio	1.70	1.63	1.85	1.52	1.05	0.99
PB Ratio	3.15	3.01	3.34	2.76	1.92	1.58
P/TBV Ratio	4.40	4.21	4.28	3.65	2.55	2.15
P/FCF Ratio	167.82	160.75	-	-	-	27.92
P/OCF Ratio	29.54	28.29	93.58	-	-	9.68
PEG Ratio	-	1.40	1.52	1.10	0.57	0.52
EV/Sales Ratio	2.20	2.16	2.47	2.14	1.63	1.75
EV/EBITDA Ratio	10.50	10.64	13.39	12.20	10.27	11.31
EV/EBIT Ratio	12.69	12.96	14.92	13.58	11.77	13.29
EV/FCF Ratio	216.82	212.67	-	-	-	49.51
Debt / Equity Ratio	1.25	1.25	1.45	1.41	1.39	1.37
Debt / EBITDA Ratio	3.34	3.34	4.26	4.29	4.64	5.36
Debt / FCF Ratio	66.74	66.74	-	-	-	24.27
Net Debt / Equity Ratio	0.77	0.77	0.99	1.08	0.99	0.97
Net Debt / EBITDA Ratio	2.05	2.05	2.98	3.39	3.42	3.93
Net Debt / FCF Ratio	41.01	41.01	-12.26	-5.39	-4.97	17.19
Asset Turnover	0.68	0.68	0.63	0.64	0.64	0.53
Inventory Turnover	5.80	5.80	4.97	4.76	5.25	4.95
Quick Ratio	0.53	0.53	0.58	0.45	0.49	0.53
Current Ratio	1.27	1.27	1.40	1.30	1.29	1.34
Return on Equity (ROE)	18.75%	18.75%	16.89%	16.97%	18.36%	13.50%
Return on Assets (ROA)	7.07%	7.07%	6.48%	6.29%	5.58%	4.39%
Return on Invested Capital (ROIC)	13.00%	13.42%	11.60%	11.58%	11.18%	8.42%
Return on Capital Employed (ROCE)	16.70%	16.70%	14.20%	13.80%	12.50%	10.10%
Earnings Yield	4.97%	5.18%	4.35%	5.27%	7.98%	7.34%
FCF Yield	0.60%	0.62%	-2.43%	-7.28%	-10.38%	3.58%
Dividend Yield	1.07%	1.12%	0.96%	1.11%	1.44%	1.48%
Payout Ratio	16.50%	16.50%	18.16%	16.07%	12.50%	14.91%
Buyback Yield / Dilution	-0.35%	-0.35%	-0.09%	-0.13%	-0.16%	-0.10%
Total Shareholder Return	0.72%	0.77%	0.87%	0.99%	1.28%	1.38%

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