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Mahindra & Mahindra Ltd.

Automobile & AncillariesAutomobiles - Passenger Cars

www.mahindra.com BSE: 500520NSE: M&M

₹3,163.90BSE0.12%

07 Sep, 4:01 PM

₹3,163.90

₹3.93L Cr

21.30

4.00

22.00%

₹3,177.40

₹3,146.30

₹3,840.00

₹2,896.30

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Price Performance

Peer Comparison

Name
MARUTISUZUK MARUTI	12,760.00	27.99	4,01,177.68	1.10	3,446.90	-9.11%	52,469.80	35.91%	19.03
Mahindra & Mahindra Ltd. M&M	3,163.90	21.30	3,93,440.09	1.04	5,997.56	37.04%	58,187.57	27.80%	16.29
HYUNDAI HYUNDAI	2,204.40	36.18	1,79,116.56	0.95	888.62	-35.10%	16,334.63	-0.48%	38.55
TMPV TMPV	307.25	1.43	1,13,156.84	0.98	859.00	-78.54%	95,799.00	9.26%	0.67
MERCURYEV MERCURYEV	37.51	142.20	712.59	0.00	1.56	-4.18%	33.38	47.93%	5.17
HIND.MOTORS HINDMOTORS	14.04		292.96	0.00					0.00

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2022	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	29,870.76	37,217.72	37,923.74	41,470.05	42,599.31	45,529.19	46,105.67	52,099.75	54,981.91	58,187.57
Expenses	24,856.00	29,974.60	30,790.34	33,239.32	34,688.37	37,301.39	37,176.58	41,993.21	45,265.47	47,622.62
	5,014.76	7,243.12	7,133.40	8,230.73	7,910.94	8,227.80	8,929.09	10,106.54	9,716.44	10,564.95
	16.79%	19.46%	18.81%	19.85%	18.57%	18.07%	19.37%	19.40%	17.67%	18.16%
	966.23	408.77	659.22	411.33	701.73	916.92	675.51	565.58	994.84	1,016.03
Interest	1,381.70	2,107.69	2,217.02	2,362.16	2,396.52	2,431.19	2,347.03	2,405.30	2,407.33	2,559.91
	1,091.77	1,247.77	1,301.99	1,495.17	2,028.72	1,547.56	1,668.89	2,162.89	1,942.68	1,760.47
	3,943.05	4,620.87	4,739.96	5,091.99	4,626.80	5,644.11	6,057.93	6,568.62	6,914.10	7,628.09
	23.37%	23.27%	29.09%	28.82%	23.45%	22.46%	34.57%	23.55%	23.92%	21.38%
	2,772.73	3,282.63	3,170.72	3,180.58	3,295.17	4,083.32	3,673.32	4,674.64	4,667.57	5,454.54
	24.92	29.44	28.42	28.50	29.52	36.57	32.89	41.84	41.77	48.79

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	93,333.38	1,26,313.42	1,44,793.80	1,65,068.55	2,06,464.65
	90,170.57	1,21,268.55	1,38,279.30	1,58,749.75	1,97,792.78
EXPENDITURE :
Increase/Decrease in Stock	-861.66	-2,032.31	-1,455.32	-12.18	698.79
Raw Material Consumed	52,767.98	76,019.87	85,070.07	95,754.90	1,22,223.59
Power & Fuel Cost	541.27	830.48	752.73	832.35	966.56
Employee Cost	8,386.74	9,677.95	10,624.33	11,126.17	12,730.62
Other Manufacturing Expenses	3,124.27	3,838.42	3,791.75	4,162.28	5,426.16
General and Administration Expenses	1,105.53	2,251.30	2,435.90	2,603.27	2,860.17
Selling and Distribution Expenses	5,150.58	6,559.86	7,762.05	8,553.27	9,884.22
Miscellaneous Expenses	5,376.14	3,891.56	5,204.83	5,672.57	6,868.57
	75,590.85	1,01,037.13	1,14,186.34	1,28,692.63	1,61,658.68
Operating Profit (Excl OI)	14,579.72	20,231.42	24,092.96	30,057.12	36,134.10
	1,037.64	1,442.85	3,094.76	2,736.85	4,376.29
	15,617.36	21,674.27	27,187.72	32,793.97	40,510.39
Interest	5,018.05	6,012.19	7,607.58	9,178.12	9,675.58
PBDT	10,599.31	15,662.08	19,580.14	23,615.85	30,834.81
	3,507.50	4,356.81	4,723.78	6,073.65	7,322.02
Profit Before Taxation & Exceptional Items	7,091.81	11,305.27	14,856.36	17,542.20	23,512.79
Exceptional Income / Expenses	414.17	1,249.52			-292.94
	9,361.77	14,060.23	15,977.79	19,079.62	25,184.76
Provision for Tax	2,108.76	2,685.75	3,707.97	5,006.45	6,563.05
	7,253.01	11,374.48	12,269.82	14,073.17	18,621.71
Extra items	0.00	0.00	0.00	0.00	0.00
Minority Interest	-675.69	-1,092.98	-1,001.18	-1,144.07	-1,522.86
Consolidated Net Profit	6,577.32	10,281.50	11,268.64	12,929.10	17,098.85
Profit Balance B/F	33,667.96	39,174.21	48,187.61	57,717.86	68,007.89
Appropriations	40,245.28	49,455.71	59,456.25	70,646.96	85,106.74
Equity Dividend %	231.00%	325.00%	422.00%	506.00%	660.00%
	59.14	92.32	101.09	115.82	153.00
Adjusted EPS	59.14	92.32	101.09	115.82	153.00

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	556.06	556.82	557.38	558.15	558.78
Share Warrants & Outstandings	223.46	260.33	298.76	308.32	506.43
Total Reserves	46,343.12	55,548.64	65,334.41	76,172.39	92,031.14
Reserve excluding Revaluation Reserve	46,343.12	55,548.64	65,334.41	76,172.39	92,031.14
	47,122.64	56,365.79	66,190.55	77,038.86	93,096.35
Minority Interest	9,702.62	10,716.32	11,318.79	12,059.14	16,394.65
Secured Loans	33,081.05	43,067.92	55,972.73	64,160.71	59,019.49
Unsecured Loans	15,544.01	12,359.47	13,768.69	19,621.75	17,423.20
Deferred Tax Assets / Liabilities	61.79	-6.82	193.14	338.96	193.38
Other Long Term Liabilities	9,088.51	9,378.23	9,968.91	10,489.71	11,245.29
Long Term Trade Payables	1.55	0.04
Long Term Provisions	1,497.99	1,815.95	1,763.28	1,982.02	2,582.76
Total Non-Current Liabilities	59,274.90	66,614.79	81,666.75	96,593.15	90,464.12
Trade Payables	19,036.55	23,835.66	25,665.64	30,855.30	37,888.67
Other Current Liabilities	30,521.96	35,866.10	37,284.85	49,240.12	56,468.63
Short Term Borrowings	5,369.61	9,072.18	10,929.64	8,193.11	18,949.89
Short Term Provisions	1,360.21	1,805.47	1,665.52	2,033.48	2,791.37
Total Current Liabilities	56,288.33	70,579.41	75,545.65	90,322.01	1,16,098.56
Total Liabilities	1,72,388.49	2,04,276.31	2,34,721.74	2,76,013.16	3,16,053.68
Gross Block	48,526.15	52,089.81	56,494.80	66,142.54	75,955.29
Less: Accumulated Depreciation	22,507.66	24,949.83	28,332.87	31,506.18	36,977.83
Less: Impairment of Assets			32.52		518.04
Net Block	26,018.49	27,139.98	28,129.41	34,636.36	38,459.42
Capital Work in Progress	3,036.10	1,222.66	3,461.33	3,652.56	2,368.02
Non Current Investments	19,210.55	21,006.50	21,573.46	19,361.10	19,518.97
Long Term Investment	19,210.55	21,006.50	21,573.46	19,361.10	19,518.97
Long Term Loans & Advances	42,166.04	56,635.23	73,549.67	84,108.64	93,854.15
Other Non Current Assets	3,142.60	4,200.58	5,164.26	3,036.15	9,341.99
Total Non-Current Assets	97,240.49	1,12,950.87	1,36,456.10	1,49,439.89	1,68,914.06
Currents Investments	10,849.88	14,265.92	13,634.64	21,947.47	20,804.87
Inventories	11,595.82	16,854.97	18,590.47	20,330.93	22,044.11
Sundry Debtors	6,373.95	7,028.02	7,459.40	8,279.70	9,064.27
Cash and Bank	11,117.61	11,273.43	12,012.75	20,614.84	31,978.58
Other Current Assets	3,321.83	3,691.40	3,506.71	5,094.95	7,121.29
Short Term Loans and Advances	31,888.91	38,155.10	43,036.20	50,305.38	55,963.37
Total Current Assets	75,148.00	91,268.84	98,240.17	1,26,573.27	1,46,976.49
Net Current Assets (Including Current Investments)	18,859.67	20,689.43	22,694.52	36,251.26	30,877.93
Total Assets	1,72,388.49	2,04,276.31	2,34,721.74	2,76,013.16	3,16,053.68
Contingent Liabilities	4,387.34	9,187.38	11,078.63	11,305.61	11,600.31
Total Debt	74,667.18	89,167.01	1,05,224.96	1,25,248.22	1,32,587.26
	421.71	503.80	591.09	687.36	828.50
Adjusted Book Value	421.71	503.80	591.09	687.36	828.50

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	7,091.81	11,305.27	14,856.36	17,542.20	23,512.79
Adjustment	3,422.90	4,336.62	2,684.88	4,507.64	5,425.68
Changes In working Capital	293.26	-19,941.04	-19,175.09	-14,113.34	-11,015.69
Cash Flow after changes in Working Capital	10,807.97	-4,299.15	-1,633.85	7,936.50	17,922.78
Cash Flow from Operating Activities	9,247.55	-7,074.02	-5,629.95	3,175.81	11,657.36
Cash Flow from Investing Activities	-3,225.82	-8,547.26	-5,597.77	-18,626.11	-17,707.39
Cash Flow from Financing Activitie	-5,882.60	15,946.11	12,281.41	15,834.11	5,391.04
Net Cash Inflow / Outflow	139.13	324.83	1,053.69	383.81	-658.99
Opening Cash & Cash Equivalents	3,374.59	3,487.59	3,493.41	4,530.10	4,923.89
Cash & Cash Equivalent of Subsidiaries under liquidations	-13.36	-352.87	-4.97		-87.10
Effect of Foreign Exchange Fluctuations	-12.77	33.86	-12.03	9.98	114.44
Closing Cash & Cash Equivalent	3,487.59	3,493.41	4,530.10	4,923.89	4,292.24

Ratios

Valuation

21.30

4.00

11.53

1.86

148.53

790.36

Profitability

22.00

16.29

6.29

17.50

9.02

Leverage & Liquidity

1.43

1.27

3.60

Returns

1.04

0.70

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	18.56	18.54	18.48	18.45	18.44	18.44	18.44	18.45	18.45
	68.14	68.30	68.20	68.15	68.20	68.07	68.00	67.78	67.60
	13.30	13.15	13.31	13.38	13.35	13.49	13.56	13.76	13.95
	81.44	81.46	81.52	81.55	81.56	81.56	81.56	81.55	81.55
No. of Shareholders	7,56,259	7,99,531	8,55,175	8,95,699	8,64,189	8,81,154	8,85,061	9,41,478	9,89,776

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-06-25	Board Meeting	Quarterly Results
2026-05-05	AGM
2026-05-05	Ex Dividend	Rs.33.0000 per share(660%)Final Dividend	2026-07-03	2026-07-03

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Automobile & AncillariesAutomobiles - Passenger Cars

Mahindra & Mahindra Ltd. operates in the Automobile & Ancillaries sector under the Automobiles - Passenger Cars industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

13 members across the board and senior leadership

Anand G Mahindra

Chairman

₹6.18 Cr

Mar '26

Anish Shah

Managing Director & Group Chief Executive Officer

₹22.29 Cr

Mar '26

Rajesh Jejurikar

Whole Time Director - Auto and Farm Sector

₹17.99 Cr

Mar '26

Shikha Sharma

Lead Independent Director

₹1.18 Cr

Mar '26

Nisaba Godrej

Non Executive Independent Director

₹1.04 Cr

Mar '26

Muthiah Murugappan

Non Executive Independent Director

₹1.10 Cr

Mar '26

Padmasree Warrior

Non Executive Independent Director

₹1.03 Cr

Mar '26

Ranjan Pant

Non Independent & Non Executive Director

₹1.06 Cr

Mar '26

Sat Pal Bhanoo

Nominee Director - LIC

₹1.01 Cr

Mar '26

Samina Hamied

Non Executive Independent Director

₹49.15 L

Mar '26

MP Vijay Kumar

Non Executive Independent Director

₹53.00 L

Mar '26

Sailesh Kumar Daga

Company Secretary & Compliance Officer

—

Muthu Raju Paravasa Raju Vijay Kumar

Non Executive Independent Director

—

M&M Latest News

News

10 of 10 articles

COMPANY1 Sept 2026 · 11:42

M&M’s Trucks & Buses Business sales jump 47% in August 2026

SML has reported total sales of 1,175 units in August 2026, registering a growth of 40% from 842 units in August 2025

COMPANY1 Sept 2026 · 11:12

M&M’s Farm Equipment Business reports 5% growth in August tractor sales

Exports reported largely flat at 1,912 units in August 2026, as compared with 1,916 units in August 2025

COMPANY1 Sept 2026 · 10:47

M&M reports 42% rise in overall auto sales in August 2026

The company's exports surged 71% to 6,054 units in August 2026 from 3,548 units in the corresponding month last year

EQUITY1 Sept 2026 · 09:38

Mahindra & Mahindra informs about press releases

COMPANY20 Aug 2026 · 10:22

M&M’s arm crosses 4 lakh EV sales

Backed by investments in customer-centric products, partnerships, financing, and customer support, MLMML is working towards putting 1 million EVs on the road by 2031

COMPANY17 Aug 2026 · 14:59

M&M to launch pickup truck 'Scorpio Lifestyler' in India

The Scorpio Lifestyler is set to make its debut by April 2027, with India prices starting below Rs 19.79 lakh ex-showroom

COMPANY17 Aug 2026 · 09:17

M&M introduces new BE 6 SPORTEQ series

The BE 6 has captured the imagination of owners and fans alike since its launch in November 2024, becoming the most talked-about Mahindra eSUV

COMPANY14 Aug 2026 · 14:38

M&M unveils All-New Mahindra BLAZO i-TRK

The all-new BLAZO range is designed to help customers maximize Earnings, Uptime and Control of their operations through intelligent engineering

EQUITY10 Aug 2026 · 14:39

Mahindra & Mahindra informs about press release

EQUITY10 Aug 2026 · 13:02

Mahindra & Mahindra informs about press release

M&M

₹3,163.90

-0.12%