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Mahindra & Mahindra Limited M&M.NS
Mahindra & Mahindra Limited statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹1,629.33); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
Mahindra & Mahindra Limited trades at about 22.5× earnings — near its 10-year norm (10-year range 13.3×–25.5×, median 21.4×).
Shaded band = 10-year range (13.3×–25.5×); dot = today's 22.5×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Gross margin | 35.9% | 38.1% | 38.0% | 37.3% |
| Operating margin | 15.6% | 15.8% | 14.4% | 13.4% |
| Net margin | 8.9% | 8.3% | 8.3% | 8.6% |
| FCF margin | 1.1% | -4.6% | -11.5% | -11.2% |
| Return on assets | 5.4% | 4.7% | 4.8% | 5.0% |
| Return on equity | 18.4% | 16.8% | 17.0% | 18.2% |
| Debt / equity | 0.79× | 1.03× | 1.02× | 0.98× |
| Current ratio | 1.27 | 1.40 | 1.30 | 1.29 |
Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.