Mahindra & Mahindra Limited

Mahindra & Mahindra Limited

MAHMF
Mahindra & Mahindra LimitedUS flagOther OTC
32.00
USD
- -
- -
38.42BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
566.18
535.57
692.13
758.2
836.4
947.87
672.77
655.14
796.08
1,069.91
1,218.88
1,423.2
1,771
1,498.19
Basic EPS, GAAP
39.53
26.56
29.15
34.16
69.2
48.91
1.15
16.34
59.2
92.41
101.14
115.91
153.1
123.04
Free Cash Flow per Basic Share
-33.11
-31.36
-16.55
-44.74
-48.14
-107.54
-75.63
107.44
28.87
-120.24
-139.8
-64.69
18.37
- -
Dividend per Share
9.27
10.16
8.63
7.13
7.79
8.63
10.28
2.38
8.83
11.55
16.25
21.05
25.26
- -
Book Value per Share
127.6
146.68
180.5
199.65
261.39
288.01
284.87
308.49
357.63
438.1
523.04
614.7
5
- -
Tangible Book Value per Share
218.27
219.72
261.2
286.6
342.87
361.45
344.82
392.02
441.45
517.23
594.26
678.22
847.68
- -
Basic Weighted Avg Shares
1,181
1,181
1,080
1,082
1,085
1,087
1,104
1,109
1,111
1,113
1,114
1,115
1,117
1,116
Sales/Revenue/Turnover
668,456
632,631
747,618
820,689
907,704
1,030,152
743,041
726,790
884,404
1,190,404
1,358,030
1,587,498
1,977,928
1,671,756
Operating Margin (%)
4.12
1.15
10.22
9.65
10.96
10.89
13.22
14.18
12.64
13.43
14.44
15.13
14.86
14.95
Depreciation Expense
21,750
21,276
24,723
29,415
32,799
39,908
49,763
33,671
35,027
43,287
45,363
60,736
73,220
63,734
Net Income, GAAP
46,669
31,375
31,484
36,980
75,104
53,155
1,270
18,125
65,773
102,815
112,686
129,291
170,988
137,298
Effective Tax Rate (%)
25.71
39.88
37.33
36.21
22.93
32.17
42.14
30.78
22.53
19.1
23.21
26.24
26.06
25.86
Profit Margin (%)
6.98
4.96
4.21
4.51
8.27
5.16
0.17
2.49
7.44
8.64
8.3
8.14
8.64
8.21
Working Capital
120,361
55,793
72,677
89,553
99,265
106,627
100,359
206,919
188,597
207,460
227,200
362,513
310,411
- -
LT Debt
254,918
211,210
235,988
301,245
338,092
435,262
522,980
549,066
510,576
579,099
705,336
828,773
771,218
- -
Total Equity
290,400
291,929
324,128
360,949
450,257
483,440
476,610
506,522
568,253
670,821
775,093
890,980
1,094,910
- -
Return on Invested Capital (%)
3.47
0.73
8
6.82
8.24
6.9
4.56
5.46
6.52
8.8
8.76
8.89
9.48
- -
Return on Capital (%)
12.23
8.88
9
8.45
11.88
7.82
3.43
5.1
7.74
9.9
9.7
9.68
12.72
17.68
Return on Common Equity (%)
33.78
19.37
17.1
17.99
30.06
17.82
0.4
5.52
17.79
23.24
21.06
20.39
49.47
- -

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
420,720
- -
LT Borrowings
- -
797,072
- -
LT Finance Leases
- -
31,701
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,200
- -
Market Capitalization
3,546,770
2,883,695
3,131,150

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
1,265,733
- -
Cash, Cash Equivalents & STI
- -
418,725
- -
Accounts Receivable, Net
- -
82,797
- -
Inventories
- -
203,309
- -
Total Current Liabilities
- -
903,220
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
420,720
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.2%
16.72%
22.89%
Free Cash Flow
-72.45%
-151.17%
-128.44%
Net Income, GAAP
169.62%
75.16%
32.25%
Sales/Revenue/Turnover
11.57%
22.37%
24.59%
Total Cash Common Dividend
34.03%
78.54%
20.1%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
334,064
342,812
352,183
328,971
1,358,030
2025
370,101
376,890
414,650
425,857
1,587,498
2026
454,359
515,800
548,916
- -
1,977,928

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31.5
21.07
23.86
- -
101.14
2025
29.44
28.43
28.51
29.52
115.91
2026
36.58
41.85
41.77
- -
153.1

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
16.25
2025
- -
- -
- -
- -
21.05
2026
- -
- -
- -
- -
25.26

Company Description

APIChat
CEO
Anish Dilip Shah
Full Time Employees
260,000
Sector
Consumer Cyclical
Industry
Auto - Manufacturers
Address
Mahindra Towers Mumbai India 400018
IPO Date
Oct 15, 2010
Business
Mahindra & Mahindra Limited is an Indian multinational automotive and farm equipment manufacturer founded in 1945 and headquartered in Mumbai, Maharashtra. The company operates globally in over 100 countries and serves diverse markets including automotive, agricultural machinery, aerospace, and information technology. Its core products include a wide range of SUVs, multi-utility vehicles, pickups, commercial vehicles, electric vehicles, tractors, and advanced agricultural equipment. The automotive segment features popular models such as the Thar, XUV700, and the electric Origin SUVs including BE 6 and XEV 9e. In farm equipment, Mahindra is the world's largest manufacturer of tractors by volume, offering product lines like the Sarpanch Plus tractors and specialized planting equipment like the PlantingMaster Potato + developed in partnership with Dewulf. The company also delivers construction equipment such as backhoe loaders under its EarthMaster brand. Mahindra has significant subsidiaries and operations across Italy, North America, South Africa, and Australia. Recently, Mahindra & Mahindra has undertaken strategic shifts emphasizing electric and sustainable mobility with the launch of flagship electric SUVs in 2024-2025 and expansion of its electric vehicle manufacturing facilities preparing for a five-year launch pipeline. Its “Farming as a Service” initiative offers tech-driven, accessible solutions to farmers. The group is exploring a major restructuring to potentially spin off its tractors, passenger vehicles, and trucks divisions into independent entities to enhance scalability and unlock business potential. Mahindra is advancing digital transformation and technological agility in manufacturing, implementing innovations like supply chain control towers and women-led production cells. It has introduced new products such as the metallic red Yuvo Tech+ and extended guarantees in construction equipment for productivity and uptime. Mahindra is committed to sustainability, with goals of net zero emissions by 2040 and increasing renewable energy use in its operations. The company operates in automotive, farm equipment, information technology, aerospace, construction equipment, financial services, and renewable energy segments. It serves individual consumers, commercial customers, and agricultural businesses worldwide. Mahindra & Mahindra’s integrated offerings include SUVs, electric vehicles, tractors, commercial vehicles, advanced farm machinery, construction equipment, and technology-driven services for agriculture. The company reported significant revenue growth in FY2024-25, with automotive and farm equipment divisions driving profitability and global expansion. It remains a leader in India’s SUV market and agricultural machinery sector while pioneering electric mobility solutions and sustainability initiatives.

Company News

APIChat
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