Stocktoria
Mahindra & Mahindra Limited M&M.NS
IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website
Mahindra & Mahindra Limited financials (annual)
Bars are annual figures from 2023 to 2026; red bars are negative (a loss or cash outflow).
| Metric | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | ₹1.93T | ₹1.56T | ₹1.36T | ₹1.19T |
| Gross profit | ₹693.8B | ₹592.7B | ₹516.0B | ₹443.9B |
| SG&A expense | ₹114.3B | ₹98.0B | ₹88.2B | ₹75.8B |
| Operating income | ₹300.3B | ₹245.8B | ₹196.1B | ₹159.9B |
| Interest expense | ₹93.5B | ₹88.5B | ₹73.3B | ₹57.0B |
| Income tax | ₹65.6B | ₹50.1B | ₹37.1B | ₹26.9B |
| Net income | ₹171.0B | ₹129.3B | ₹112.7B | ₹102.8B |
| EPS (diluted) | ₹152.18 | ₹115.06 | ₹100.70 | ₹91.96 |
| Operating cash flow | ₹116.6B | ₹31.8B | -₹56.3B | -₹70.7B |
| Free cash flow | ₹20.5B | -₹72.2B | -₹155.8B | -₹133.8B |
| Cash & equivalents | ₹42.9B | ₹49.2B | ₹45.3B | ₹34.9B |
| Inventory | ₹220.4B | ₹203.3B | ₹185.9B | ₹168.5B |
| Goodwill | ₹25.3B | ₹23.7B | ₹24.5B | ₹25.5B |
| Total assets | ₹3.18T | ₹2.78T | ₹2.36T | ₹2.06T |
| Total debt | ₹1.34T | ₹1.25T | ₹1.07T | ₹922.5B |
| Total liabilities | ₹2.08T | ₹1.88T | ₹1.59T | ₹1.39T |
| Shareholders' equity | ₹931.0B | ₹770.4B | ₹661.9B | ₹563.7B |
Growth · year-over-year · Revenue CAGR 17.5%
| Metric | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue growth | +24.1% | +14.6% | +14.1% | — |
| Net income growth | +32.3% | +14.7% | +9.6% | — |
| EPS growth | +32.3% | +14.3% | +9.5% | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.