statements

Mahindra & Mahindra Ltd.

NSE: M&M

BSE: 500520

Sector: Automobile and Auto Components

Industry Group: Automobiles

Industry: Passenger Cars & Utility Vehicles

3,163.00-12.4 (-0.39%)

3 Jul, 12:59 PM

Overview Analysis Statements Technicals Forecast Peers Resources News

Income Statement

Abridged

Understanding Income Statement

Mahindra & Mahindra Ltd. income statement covering revenue, operating profit, EBITDA, PAT and EPS across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	C 2012 Mar 31	C 2013 Mar 31	C 2014 Mar 31	C 2015 Mar 31	R 2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	R 2020 Mar 31	2021 Mar 31	2022 Mar 31	C 2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M IR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Total Revenue	59,399	68,693	74,001	71,448	75,841	83,773	92,094	1,04,721	75,382	74,278	90,171	1,21,281	1,38,330	1,58,768	1,97,793
Cost of Operating Revenue	37,535	44,173	47,285	45,096	47,411	52,256	55,688	63,291	41,735	41,854	54,719	77,739	87,562	1,00,226	1,30,244
Gross Profit	21,864	24,520	26,716	26,352	28,430	31,517	36,406	41,430	33,647	32,424	35,451	43,542	50,768	58,543	67,548
Gross Margin	36.8	35.7	36.1	36.9	37.5	37.6	39.5	39.6	44.6	43.7	39.3	35.9	36.7	36.9	34.2
Total Operating Expenses	53,823	61,658	66,050	64,779	68,201	75,851	82,148	93,505	65,557	63,979	79,094	1,05,275	1,18,807	1,34,220	1,68,399
Operating Profit	5,576	7,036	7,951	6,669	7,641	7,922	9,946	11,216	9,825	10,298	11,077	16,006	19,523	24,548	29,394
Operating Margin	9.4	10.2	10.7	9.3	10.1	9.5	10.8	10.7	13.0	13.9	12.3	13.2	14.1	15.5	14.9
Financing Income/(Expense) - Net	-1,575	-1,996	-2,545	-2,738	-2,924	-3,173	-3,485	-4,103	-5,216	-5,260	-4,141	-5,351	-6,586	-7,841	-9,591
Profit before Taxes	4,184	5,580	5,820	4,313	4,826	5,451	9,218	7,504	3,661	4,071	7,506	12,555	14,856	17,542	23,220
Income Taxes	1,408	1,935	1,496	1,720	2,118	2,300	2,368	2,854	1,104	1,646	2,109	2,686	3,708	5,006	6,563
Profit after Tax	3,104	4,099	4,667	3,137	3,148	3,698	7,510	5,315	127	1,812	6,577	10,282	11,269	12,929	17,099
PAT Margin	5.2	6.0	6.3	4.4	4.2	4.4	8.2	5.1	0.2	2.4	7.3	8.5	8.1	8.1	8.6
EPS - Basic - ex Extraordinary Items	26.40	34.75	39.53	26.56	29.15	34.16	34.60	48.91	36.50	36.06	59.20	92.41	101.14	115.91	153.10
EPS - Diluted - ex Extraordinary Items	25.28	33.38	37.91	25.35	29.00	33.98	34.43	48.70	28.60	29.92	58.96	92.02	100.72	115.47	152.18
EBIT	5,576	7,036	7,951	6,669	7,641	7,922	9,946	11,216	9,825	10,298	11,077	16,006	19,523	24,548	29,394
EBITDA	7,380	9,130	10,120	9,951	10,113	10,864	13,226	15,207	13,192	13,677	14,580	20,335	24,059	30,107	36,716
EBITDA Margin	12.4	13.3	13.7	13.9	13.3	13.0	14.4	14.5	17.5	18.4	16.2	16.8	17.4	19.0	18.6

Balance Sheet

Abridged

Understanding Balance Sheet

Mahindra & Mahindra Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	R 2012 Mar 31	C 2013 Mar 31	2014 Mar 31	R 2015 Mar 31	R 2016 Mar 31	R 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Source:	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	PRESS
Total Current Assets	28,941	34,196	39,594	36,758	43,911	48,788	59,076	69,406	64,045	72,138	75,148	91,325	98,266	1,26,573	1,47,140
Long-Term Investments	1,723	1,871	2,199	2,005	2,078	1,166	1,246	1,370	1,685	6,490	6,061	6,626	7,773	5,184	12,951
Property Plant & Equipment - Net	15,470	16,650	17,302	16,787	18,758	20,195	22,635	24,682	26,969	22,089	24,938	21,574	24,870	29,487	31,380
Total Non-Current Assets	34,845	42,273	48,676	51,161	56,721	65,954	78,135	93,986	1,02,961	94,325	98,965	1,14,566	1,38,035	1,51,013	1,70,495
Total Assets	63,786	76,470	88,270	87,919	1,00,632	1,14,742	1,37,211	1,63,392	1,67,007	1,66,462	1,74,113	2,05,892	2,36,301	2,77,586	3,17,635
Total Current Liabilities	21,874	26,103	27,558	31,179	36,644	39,832	49,150	58,743	54,010	51,446	56,288	70,579	75,546	90,322	1,16,099
Long Term Debt	16,040	19,860	25,492	21,121	23,599	30,125	33,809	43,526	52,298	54,907	51,058	58,310	72,555	86,953	80,095
Total Non-Current Liabilities	20,683	25,109	31,672	27,547	31,576	38,815	43,036	56,304	65,336	64,364	60,999	68,230	83,246	98,166	92,045
Total Liabilities	42,557	51,212	59,230	58,726	68,219	78,647	92,185	1,15,048	1,19,346	1,15,810	1,17,288	1,38,810	1,58,791	1,88,488	2,08,144
Total Shareholders' Equity	16,704	19,961	23,307	23,916	26,493	29,738	36,775	39,983	39,969	41,582	47,123	56,366	66,191	77,039	93,096
Minority Interest	4,525	5,297	5,733	5,277	5,920	6,357	8,250	8,361	7,692	9,070	9,703	10,716	11,319	12,059	16,395
Total Equity	21,229	25,258	29,040	29,193	32,413	36,095	45,026	48,344	47,661	50,652	56,825	67,082	77,509	89,098	1,09,491
Total Liabilities & Equity	63,786	76,470	88,270	87,919	1,00,632	1,14,742	1,37,211	1,63,392	1,67,007	1,66,462	1,74,113	2,05,892	2,36,301	2,77,586	3,17,635

Cash Flow

Abridged

Understanding Cash Flow Statement

Mahindra & Mahindra Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	R 2012 Mar 31	2013 Mar 31	2014 Mar 31	R 2015 Mar 31	R 2016 Mar 31	C 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Operating CF bef Changes in Working Cap	4,425	5,452	6,483	4,788	5,699	6,190	7,544	8,232	5,852	5,955	9,941	13,993	14,864	19,111	25,176
Working Capital - Increase/(Decrease)	-4,859	-6,804	-7,055	-3,698	-3,238	-5,724	-6,813	-12,522	-6,968	12,171	293	-19,941	-19,175	-14,113	-11,016
Net CF from Operating Activities	-434	-1,352	-572	1,091	2,461	467	731	-4,290	-1,116	18,126	10,235	-5,948	-4,311	4,998	14,160
Capital Expenditures - Net	3,075	3,228	3,608	4,716	4,113	4,964	5,791	7,198	6,794	4,625	5,920	6,167	9,673	9,809	9,112
Net CF from Investing Activities	-3,125	-2,995	-4,744	-4,689	-6,318	-6,630	-6,038	-7,948	-7,995	-19,454	-4,892	-10,408	-7,514	-20,884	-20,554
Dividends Paid - Cash - Total	900	997	1,094	1,200	932	772	846	937	1,135	264	980	1,285	1,811	2,349	2,821
Stock - Issuance/(Retirement) - Net	-	-	184	3	18	12	4	1	1,243	1	1	401	1,601	2,051	1
Debt - LT & ST - Issuance/(Retirement) - Total	5,808	6,144	7,071	3,355	4,324	7,258	6,461	15,037	8,151	42	-3,926	17,816	13,717	17,013	6,666
Net Cash Flow from Financing Activities	4,907	5,147	6,160	2,158	3,410	6,579	6,835	13,917	7,692	1,215	-5,203	16,681	12,878	16,270	5,735
Free Cash Flow to Equity	2,299	1,564	2,891	-270	2,672	2,761	1,401	3,548	241	13,543	389	5,701	-266	12,202	11,714
Free Operating CF net dividend	-4,671	-5,641	-5,332	-4,868	-2,644	-5,331	-6,021	-12,568	-9,147	11,872	3,214	-13,537	-16,067	-7,743	1,734
Free Operating CF	-3,771	-4,644	-4,237	-3,668	-1,711	-4,559	-5,175	-11,630	-8,012	12,137	4,195	-12,253	-14,257	-5,394	4,555

Business Segment Analysis

FY End:

Mar 25

Mahindra & Mahindra Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Automotive Segment (77.8%)₹ 8,058.57 CrFarm Equipment Segment (9.5%)₹ 984.42 CrIndustrial Businesses and consumer services (8.4%)₹ 873.88 CrFinancial Services (4.3%)₹ 441.42 Cr

Revenue / Sales

Automotive Segment (56.8%)₹ 90,424.08 CrFarm Equipment (22.2%)₹ 35,315.81 CrFinancial Services (11.5%)₹ 18,295.83 CrIndustrial Businesses and consumer services (9.5%)₹ 15,175.10 Cr

Assets

Financial Services (50.1%)₹ 1,39,101.47 CrAutomotive Segment (17.0%)₹ 47,136.13 CrIndustrial Businesses and consumer services (13.5%)₹ 37,376.19 CrUnallocated (12.8%)₹ 35,662.81 CrFarm Equipment (6.6%)₹ 18,309.67 Cr

Regional Segment Analysis

FY End:

Mar 25

Mahindra & Mahindra Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

Revenue / Sales

Domestic (90.6%)₹ 1,44,300.26 CrOverseas. (9.4%)₹ 14,910.56 Cr

Historical Segment Analysis

Track how Mahindra & Mahindra Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Operating Income

Business

Regional

Business

	2010 Mar 31	2011 Mar 31	2012 Mar 31	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31

Automotive Segment	1,637	1,367	1,911	1,992	2,614	3,687	3,065	3,204	4,187	4,812	5,417	4,037	2,752	3,714	7,267	8,059
Farm Equipment Segment	93	218	455	446	346	358	369	364	576	735	648	491	881	1,014	1,332	984
Industrial Businesses and consumer services	-	-	-	-	-	-	-	-	-	-	-	-	-	1,134	991	874
Financial Services	21	52	43	35	41	45	55	63	71	136	119	45	298	412	325	441
Hospitality	121	107	90	109	127	135	135	183	243	182	133	133	156	-	-	-
IT Services	730	373	164	34	5	2	-	-	-	-	-	-	-	-	-	-
Other	107	129	179	241	268	241	417	1,154	659	1,421	542	1,272	1,897	-	-	-
Real Estate	14	29	18	27	28	38	5	12	5	6	4	4	13	-	-	-
Steel Trading and Processing	32	26	62	19	5	56	-	-	-	-	-	-	-	-	-	-
Systech	297	288	521	312	186	55	-	-	-	-	-	-	-	-	-	-
Two Wheelers	-	-	-	-	-	97	85	34	-	-	-	-	-	-	-	-
Eliminations	-	-	-	-	-	-	-	0	0	0	0	0	0	-	-	-

Frequently Asked Questions

What is the revenue of Mahindra & Mahindra Ltd.?

The latest trailing twelve month revenue of Mahindra & Mahindra Ltd. is ₹ 1,97,793.00 Cr, reflecting a 1-year growth of 24.58% and a 3-year CAGR of 17.71%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of Mahindra & Mahindra Ltd.?

The latest trailing twelve month net profit (PAT) of Mahindra & Mahindra Ltd. is ₹ 17,098.80 Cr, with a 3-year earnings CAGR of 18.26%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of Mahindra & Mahindra Ltd.?

The trailing twelve month EBITDA of Mahindra & Mahindra Ltd. is approximately ₹ 29,393.62 Cr (based on an operating margin of 14.86%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of Mahindra & Mahindra Ltd.?

The trailing twelve month Earnings Per Share (EPS) of Mahindra & Mahindra Ltd. is 152.18. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of Mahindra & Mahindra Ltd.?

The debt-to-equity ratio of Mahindra & Mahindra Ltd. stands at 1.47. The interest coverage ratio is 3.06x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of Mahindra & Mahindra Ltd.?

The estimated book value per share of Mahindra & Mahindra Ltd. is 773.62 (derived from a P/B ratio of 4.09 and market price of ₹ 3,163.00), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of Mahindra & Mahindra Ltd.?

The trailing twelve month operating cash flow of Mahindra & Mahindra Ltd. is ₹ 14,160.00 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does Mahindra & Mahindra Ltd. report consolidated or standalone financials?

Mahindra & Mahindra Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.