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M

Mahindra and Mahindra Ltd M&M.NS · INR

Automobiles · NSE · 🇮🇳 India

Nifty 50

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3,290.60

+0.10%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2025

Revenue

₹23.01bn

FY2016FY2025

Net income

₹582.0m

FY2016FY2025

Free cash flow

₹396.0m

FY2016FY2025

Shareholders' equity

₹4.55bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue₹23.01bn₹23.87bn₹25.45bn₹25.29bn₹18.10bn₹25.33bn₹25.74bn₹25.64bn₹25.78bn₹27.08bn
Gross profit₹9.27bn₹9.64bn₹10.10bn₹10.34bn₹5.81bn₹10.16bn₹10.52bn₹10.46bn₹10.16bn₹10.58bn
Operating income₹936.0m₹1.27bn₹1.64bn₹2.29bn−₹956.0m₹1.16bn₹1.49bn₹1.51bn₹1.89bn₹2.33bn
Net income₹582.0m₹45.0m₹1.15bn₹1.43bn−₹3.94bn₹564.0m₹1.11bn₹1.57bn₹619.0m₹1.07bn
Diluted earnings per share2.070.164.084.55-12.671.813.555.101.993.22

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets₹16.40bn₹16.25bn₹16.87bn₹17.59bn₹17.71bn₹21.17bn₹19.19bn₹19.58bn₹19.85bn₹20.58bn
Cash and short-term investments₹1.31bn₹1.03bn₹862.0m₹1.71bn₹1.68bn₹685.0m₹1.16bn₹1.46bn₹1.30bn₹1.11bn
Total liabilities₹11.85bn₹12.21bn₹12.78bn₹13.97bn₹15.15bn₹14.79bn₹12.76bn₹13.84bn₹15.53bn₹16.33bn
Debt₹2.79bn₹3.01bn₹3.01bn₹3.31bn₹4.88bn₹4.18bn₹4.75bn₹5.88bn₹6.87bn₹7.64bn
Shareholders' equity₹4.55bn₹4.04bn₹4.08bn₹3.62bn₹2.55bn₹6.38bn₹6.44bn₹5.75bn₹4.32bn₹4.25bn
Shares outstanding282m278m281m314m311m311m311m307m311m333m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations₹1.28bn₹1.30bn₹1.61bn₹2.71bn₹649.0m₹1.61bn₹1.74bn₹1.98bn₹1.80bn₹1.98bn
Capital spending−₹882.0m−₹993.0m−₹1.29bn−₹597.0m−₹466.0m−₹1.16bn−₹932.0m−₹760.0m−₹912.0m−₹1.11bn
Free cash flow₹396.0m₹312.0m₹320.0m₹2.12bn₹183.0m₹451.0m₹803.0m₹1.22bn₹889.0m₹871.0m
Dividends paid−₹192.0m−₹181.0m−₹173.0m−₹90.0m−₹117.0m−₹466.0m−₹463.0m−₹461.0m−₹459.0m−₹456.0m

Latest quarters

By quarter end

Nov 2025Aug 2025May 2025Feb 2025Nov 2024Aug 2024May 2024Feb 2024
Revenue₹4.91bn₹5.00bn₹4.79bn₹8.01bn₹4.90bn₹5.10bn₹5.00bn₹8.38bn
Gross profit₹2.06bn₹2.10bn₹2.00bn₹3.02bn₹2.04bn₹2.16bn₹2.05bn₹3.22bn
Operating income₹34.0m₹155.0m₹85.0m₹634.0m−₹25.0m₹185.0m₹143.0m₹813.0m
Net income₹11.0m₹87.0m₹38.0m₹342.0m₹28.0m₹150.0m₹62.0m−₹130.0m
Diluted earnings per share0.040.320.141.210.100.530.22-0.47
Total assets₹17.06bn₹15.55bn₹16.09bn₹16.40bn₹17.29bn₹15.87bn₹16.45bn₹16.25bn
Cash and short-term investments₹447.0m₹829.0m₹932.0m₹1.31bn₹315.0m₹646.0m₹876.0m₹1.03bn
Debt₹2.43bn₹2.43bn₹2.77bn₹2.77bn₹2.77bn₹2.99bn₹3.00bn₹3.00bn
Shareholders' equity₹4.33bn₹4.45bn₹4.45bn₹4.55bn₹4.15bn₹4.20bn₹4.19bn₹4.04bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-3.1%-1.9%-2.0%
Operating income-25.8%-4.2%-10.7%
Net income-25.9%0.6%-9.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin40.3%40.3%39.2%39.6%
Operating margin4.7%6.3%4.5%6.0%
Net margin1.3%3.3%-0.1%2.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings——424.2274.3-66.0397.4149.4157.6377.4184.0
Price to sales45.435.019.115.514.48.86.49.69.17.3

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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