Shares of Mahindra and Mahindra declined by 2.02% to Rs 3,458.80 in Friday's session. Mahindra and Mahindra is included as one of the stocks in the benchmark NIFTY 50 index.
Financial Snapshot:
The following table summarizes the key financial figures for Mahindra and Mahindra:
Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
---|---|---|---|---|---|
Revenue | Rs 37,217.72 Crore | Rs 37,923.74 Crore | Rs 41,470.05 Crore | Rs 42,599.31 Crore | Rs 45,529.19 Crore |
Net Profit | Rs 3,221.34 Crore | Rs 2,894.71 Crore | Rs 3,317.22 Crore | Rs 3,102.48 Crore | Rs 3,898.44 Crore |
EPS | 29.44 | 28.43 | 28.51 | 29.52 | 36.58 |
Annual Financial Performance:
Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|
Revenue | Rs 74,277.78 Crore | Rs 90,170.57 Crore | Rs 121,268.55 Crore | Rs 138,279.30 Crore | Rs 158,749.75 Crore |
Net Profit | Rs 2,425.26 Crore | Rs 5,397.22 Crore | Rs 9,869.04 Crore | Rs 11,148.39 Crore | Rs 12,535.75 Crore |
EPS | 16.33 | 59.20 | 92.41 | 101.14 | 115.91 |
BVPS | 456.20 | 510.96 | 602.37 | 695.30 | 690.13 |
ROE | 4.35 | 13.95 | 18.24 | 17.02 | 16.78 |
Debt to Equity | 1.43 | 1.58 | 1.57 | 1.56 | 1.57 |
Income Statement (Annual):
Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
---|---|---|---|---|---|
Sales | Rs 158,749 Crore | Rs 138,279 Crore | Rs 121,268 Crore | Rs 90,170 Crore | Rs 74,277 Crore |
Other Income | Rs 2,611 Crore | Rs 2,952 Crore | Rs 1,206 Crore | Rs 934 Crore | Rs 1,033 Crore |
Total Income | Rs 161,361 Crore | Rs 141,231 Crore | Rs 122,475 Crore | Rs 91,105 Crore | Rs 75,310 Crore |
Total Expenditure | Rs 134,735 Crore | Rs 118,887 Crore | Rs 104,090 Crore | Rs 78,581 Crore | Rs 65,137 Crore |
EBIT | Rs 26,625 Crore | Rs 22,344 Crore | Rs 18,384 Crore | Rs 12,524 Crore | Rs 10,173 Crore |
Interest | Rs 9,083 Crore | Rs 7,488 Crore | Rs 5,829 Crore | Rs 5,018 Crore | Rs 6,102 Crore |
Tax | Rs 5,006 Crore | Rs 3,707 Crore | Rs 2,685 Crore | Rs 2,108 Crore | Rs 1,645 Crore |
Net Profit | Rs 12,535 Crore | Rs 11,148 Crore | Rs 9,869 Crore | Rs 5,397 Crore | Rs 2,425 Crore |
Income Statement (Quarterly):
Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
---|---|---|---|---|---|
Sales | Rs 45,529 Crore | Rs 42,599 Crore | Rs 41,470 Crore | Rs 37,923 Crore | Rs 37,217 Crore |
Other Income | Rs 916 Crore | Rs 701 Crore | Rs 411 Crore | Rs 659 Crore | Rs 408 Crore |
Total Income | Rs 46,446 Crore | Rs 43,301 Crore | Rs 41,881 Crore | Rs 38,582 Crore | Rs 37,626 Crore |
Total Expenditure | Rs 38,848 Crore | Rs 36,717 Crore | Rs 34,734 Crore | Rs 32,092 Crore | Rs 31,222 Crore |
EBIT | Rs 7,597 Crore | Rs 6,583 Crore | Rs 7,146 Crore | Rs 6,490 Crore | Rs 6,404 Crore |
Interest | Rs 2,431 Crore | Rs 2,396 Crore | Rs 2,362 Crore | Rs 2,217 Crore | Rs 2,107 Crore |
Tax | Rs 1,267 Crore | Rs 1,084 Crore | Rs 1,467 Crore | Rs 1,378 Crore | Rs 1,075 Crore |
Net Profit | Rs 3,898 Crore | Rs 3,102 Crore | Rs 3,317 Crore | Rs 2,894 Crore | Rs 3,221 Crore |
Cash Flow:
Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
---|---|---|---|---|---|
Operating Activities | Rs 3,175 Crore | Rs -5,629 Crore | Rs -7,074 Crore | Rs 9,247 Crore | Rs 17,908 Crore |
Investing Activities | Rs -18,626 Crore | Rs -5,597 Crore | Rs -8,547 Crore | Rs -3,225 Crore | Rs -18,446 Crore |
Financing Activities | Rs 15,834 Crore | Rs 12,281 Crore | Rs 15,946 Crore | Rs -5,882 Crore | Rs 406 Crore |
Others | Rs 9 Crore | Rs -17 Crore | Rs -319 Crore | Rs -26 Crore | Rs 14 Crore |
Net Cash Flow | Rs 393 Crore | Rs 1,036 Crore | Rs 5 Crore | Rs 112 Crore | Rs -117 Crore |
Balance Sheet:
Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
---|---|---|---|---|---|
Share Capital | Rs 558 Crore | Rs 557 Crore | Rs 556 Crore | Rs 556 Crore | Rs 555 Crore |
Reserves & Surplus | Rs 76,480 Crore | Rs 65,334 Crore | Rs 55,548 Crore | Rs 46,343 Crore | Rs 40,771 Crore |
Current Liabilities | Rs 90,322 Crore | Rs 75,545 Crore | Rs 70,579 Crore | Rs 56,288 Crore | Rs 51,446 Crore |
Other Liabilities | Rs 110,225 Crore | Rs 94,863 Crore | Rs 79,206 Crore | Rs 70,925 Crore | Rs 73,689 Crore |
Total Liabilities | Rs 277,586 Crore | Rs 236,300 Crore | Rs 205,891 Crore | Rs 174,112 Crore | Rs 166,462 Crore |
Fixed Assets | Rs 40,560 Crore | Rs 33,720 Crore | Rs 28,559 Crore | Rs 31,380 Crore | Rs 27,947 Crore |
Current Assets | Rs 126,573 Crore | Rs 98,265 Crore | Rs 91,325 Crore | Rs 75,148 Crore | Rs 72,137 Crore |
Other Assets | Rs 110,452 Crore | Rs 104,314 Crore | Rs 86,006 Crore | Rs 67,583 Crore | Rs 66,377 Crore |
Total Assets | Rs 277,586 Crore | Rs 236,300 Crore | Rs 205,891 Crore | Rs 174,112 Crore | Rs 166,462 Crore |
Contingent Liabilities | Rs 23,507 Crore | Rs 28,897 Crore | Rs 10,610 Crore | Rs 7,015 Crore | Rs 8,934 Crore |
Financial Ratios:
Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
---|---|---|---|---|---|
Basic EPS (Rs.) | 115.91 | 101.14 | 92.41 | 59.20 | 16.33 |
Diluted Eps (Rs.) | 115.06 | 100.70 | 91.96 | 58.83 | 16.15 |
Book Value /Share (Rs.) | 690.13 | 695.30 | 602.37 | 510.96 | 456.20 |
Dividend/Share (Rs.) | 25.30 | 21.10 | 16.25 | 11.55 | 8.75 |
Face Value | 5 | 5 | 5 | 5 | 5 |
Gross Profit Margin (%) | 20.59 | 19.57 | 17.72 | 17.31 | 19.80 |
Operating Margin (%) | 16.77 | 16.15 | 14.12 | 13.42 | 15.25 |
Net Profit Margin (%) | 7.89 | 8.06 | 8.13 | 5.98 | 0.31 |
Return on Equity (%) | 16.78 | 17.02 | 18.24 | 13.95 | 4.35 |
ROCE (%) | 14.21 | 13.89 | 12.66 | 10.27 | 9.85 |
Return On Assets (%) | 4.65 | 4.76 | 4.99 | 3.77 | 1.08 |
Current Ratio (X) | 1.40 | 1.30 | 1.29 | 1.34 | 1.40 |
Quick Ratio (X) | 1.18 | 1.05 | 1.06 | 1.13 | 1.22 |
Debt to Equity (x) | 1.57 | 1.56 | 1.57 | 1.58 | 1.43 |
Interest Coverage Ratios (X) | 3.60 | 3.61 | 3.69 | 3.11 | 1.86 |
Asset Turnover Ratio (%) | 0.62 | 0.63 | 0.68 | 0.49 | 44.62 |
Inventory Turnover Ratio (X) | 4.53 | 4.39 | 6.08 | 5.23 | 7.72 |
3 Yr CAGR Sales (%) | 32.69 | 36.44 | 26.84 | -7.21 | -10.19 |
3 Yr CAGR Net Profit (%) | 52.40 | 114.40 | 141.97 | 7.73 | -40.50 |
P/E (x) | 23.00 | 19.00 | 12.54 | 13.62 | 48.70 |
P/B (x) | 3.86 | 3.24 | 2.29 | 1.90 | 2.12 |
EV/EBITDA (x) | 12.55 | 11.70 | 10.11 | 10.43 | 9.79 |
P/S (x) | 1.87 | 1.55 | 1.06 | 0.99 | 1.19 |
Corporate Actions:
Mahindra & Mahindra Ltd has scheduled a board meeting on November 4, 2025, to consider and approve the unaudited standalone and consolidated financial results for the second quarter and half-year ending September 30, 2025. The trading window will be closed from October 1, 2025, to November 6, 2025.
The company virtually participated in the Investec - India CXO Virtual Conference in USA with Funds/Investors on September 24, 2025. The presentation shared with the Stock Exchanges on July 30, 2025, was also shared with them.
Dividends:
The company has announced several dividends in recent years. Key dividends include:
Mahindra and Mahindra has a history of issuing bonus shares, including:
On September 30, 1992, Mahindra and Mahindra announced a rights issue with a ratio of 1:5, with the ex-rights date being June 26, 1992.
Stock Splits:
On January 25, 2010, Mahindra and Mahindra announced a stock split, with the old face value of Rs 10 being split into a new face value of Rs 5. The ex-split date was March 29, 2010.
Moneycontrol analysis is bullish on Mahindra and Mahindra as of 2025-09-25.
With the stock's last traded price at Rs 3,458.80, Mahindra and Mahindra experienced a decline of 2.02% in Friday's session.
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