Mahindra & Mahindra Ratios and Metrics

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 26, 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	40,031	34,779	25,681	15,697	11,800	12,050
Market Cap Growth	5.72%	35.43%	63.61%	33.02%	-2.08%	192.70%
Enterprise Value	51,631	46,520	36,253	24,305	20,928	22,452
Last Close Price	37.50	30.03	22.22	13.90	9.85	11.04
PE Ratio	22.87	22.99	18.99	12.54	13.62	48.64
PS Ratio	1.90	1.85	1.52	1.05	0.99	1.17
PB Ratio	3.67	3.34	2.76	1.92	1.58	1.74
P/TBV Ratio	5.22	4.28	3.65	2.55	2.15	2.42
P/FCF Ratio	-	-	-	-	27.92	8.27
P/OCF Ratio	-	93.58	-	-	9.68	5.29
EV/Sales Ratio	2.51	2.47	2.14	1.63	1.75	2.19
EV/EBITDA Ratio	12.85	13.39	12.20	10.27	11.31	12.53
EV/EBIT Ratio	14.48	14.92	13.58	11.77	13.29	14.73
EV/FCF Ratio	-	-	-	-	49.51	15.40
Debt / Equity Ratio	1.32	1.45	1.41	1.39	1.37	1.60
Debt / EBITDA Ratio	3.68	4.26	4.29	4.64	5.36	5.96
Debt / FCF Ratio	-	-	-	-	24.27	7.58
Net Debt / Equity Ratio	0.93	0.99	1.08	0.99	0.97	1.13
Net Debt / EBITDA Ratio	2.64	2.98	3.39	3.42	3.93	4.38
Net Debt / FCF Ratio	-	-12.26	-5.39	-4.97	17.19	5.39
Asset Turnover	-	0.63	0.64	0.64	0.53	0.45
Inventory Turnover	-	4.97	4.76	5.25	4.95	3.75
Quick Ratio	-	0.58	0.45	0.49	0.53	0.59
Current Ratio	-	1.40	1.30	1.29	1.34	1.40
Return on Equity (ROE)	-	16.89%	16.97%	18.36%	13.50%	7.53%
Return on Assets (ROA)	-	6.48%	6.29%	5.58%	4.39%	4.18%
Return on Invested Capital (ROIC)	12.13%	11.60%	11.58%	11.18%	8.42%	6.91%
Return on Capital Employed (ROCE)	-	14.20%	13.80%	12.50%	10.10%	9.70%
Earnings Yield	4.37%	4.35%	5.27%	7.98%	7.34%	2.06%
FCF Yield	-	-2.43%	-7.28%	-10.38%	3.58%	12.10%
Dividend Yield	0.63%	0.99%	1.14%	1.42%	1.54%	1.08%
Payout Ratio	-	18.16%	16.07%	12.50%	14.91%	14.58%
Buyback Yield / Dilution	-0.22%	-0.09%	-0.13%	-0.16%	-0.10%	-0.48%
Total Shareholder Return	0.41%	0.90%	1.01%	1.26%	1.44%	0.60%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.