Mahindra & Mahindra Ltd
Mahindra & Mahindra Ltd (M&M) is scheduled to report results on 5 Nov 2026. Mahindra & Mahindra Ltd last reported results for the quarter ended Jun 2026, with sales of ₹58,188 crore and net profit of ₹5,998 crore. The stock last traded at ₹2,796, a market capitalisation of ₹3,45,356 crore, on a P/E of 18.0. Over the past 52 weeks the stock has ranged between ₹2,743 and ₹3,840. Figures are as of 9 Oct 2026 and are not real time.
Mahindra & Mahindra Ltd share price and key metrics
- Current price
- ₹2,796
- Market cap
- ₹3,45,356 cr
- Stock P/E
- 18.0
- Book value
- ₹749
- ROE
- 20.3%
- ROCE
- 15.1%
- Dividend yield
- 1.18%
- 52w high / low
- 3840/2743
Metrics as of 9 Oct 2026. Not real time.
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Mahindra & Mahindra Ltd growth and returns
- 10 Years
- 10%
- 5 Years
- 22%
- 3 Years
- 18%
- TTM
- 26%
- 10 Years
- 19%
- 5 Years
- 51%
- 3 Years
- 23%
- TTM
- 38%
- 10 Years
- 15%
- 5 Years
- 26%
- 3 Years
- 22%
- 1 Year
- -19%
- 10 Years
- 15%
- 5 Years
- 18%
- 3 Years
- 19%
- Last Year
- 20%
Mahindra & Mahindra Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹58,188 cr, up 27.8% from ₹45,529 cr a year earlier. Net profit was ₹5,998 cr, up 37.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 | 52,100 | 54,982 | 58,188 |
| Expenses | 30,790 | 33,239 | 34,658 | 37,117 | 37,166 | 41,939 | 44,855 | 47,360 |
| Operating profit | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 | 10,160 | 10,127 | 10,827 |
| OPM % | 19% | 20% | 19% | 18% | 19% | 20% | 18% | 19% |
| Other income | 1,126 | 719 | 1,110 | 1,210 | 1,134 | 976 | 1,137 | 1,121 |
| Interest | 2,217 | 2,362 | 2,397 | 2,431 | 2,347 | 2,405 | 2,407 | 2,560 |
| Depreciation | 1,302 | 1,495 | 2,029 | 1,548 | 1,669 | 2,163 | 1,943 | 1,760 |
| Profit before tax | 4,740 | 5,092 | 4,627 | 5,644 | 6,058 | 6,569 | 6,914 | 7,628 |
| Tax % | 29% | 29% | 23% | 22% | 35% | 24% | 24% | 21% |
| Net profit | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 | 5,021 | 5,260 | 5,998 |
| EPS (₹) | 25.50 | 25.58 | 26.50 | 32.84 | 29.54 | 37.59 | 37.53 | 43.86 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mahindra & Mahindra Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83,773 | 92,094 | 1,04,721 | 75,382 | 74,278 | 90,171 | 1,21,362 | 1,39,078 | 1,59,211 | 1,98,639 | 2,11,375 |
| Operating profit | 10,735 | 13,226 | 15,207 | 10,158 | 11,487 | 14,683 | 20,325 | 24,892 | 30,518 | 36,980 | 40,054 |
| OPM % | 13% | 14% | 15% | 13% | 15% | 16% | 17% | 18% | 19% | 19% | 19% |
| Net profit | 4,051 | 7,958 | 6,017 | -321 | 1,512 | 7,253 | 11,374 | 12,270 | 14,073 | 18,622 | 20,243 |
| EPS (₹) | 29.77 | 60.41 | 42.76 | 1.02 | 14.58 | 52.91 | 82.68 | 90.62 | 103.97 | 137.50 | 148.52 |
TTM is the trailing twelve months to the most recent quarter.
Mahindra & Mahindra Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 311 | 543 | 544 | 554 | 555 | 556 | 557 | 557 | 558 | 559 |
| Reserves | 29,467 | 36,232 | 39,439 | 39,415 | 41,027 | 46,567 | 55,809 | 65,633 | 76,481 | 92,538 |
| Borrowings | 48,762 | 55,898 | 70,848 | 82,092 | 80,625 | 77,605 | 92,647 | 108,647 | 129,025 | 136,936 |
| Other liabilities | 35,296 | 43,696 | 51,057 | 43,655 | 42,762 | 47,661 | 55,270 | 59,884 | 69,950 | 86,021 |
| Total liabilities | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 | 276,013 | 316,054 |
| Fixed assets | 20,989 | 26,182 | 28,983 | 29,689 | 21,380 | 26,018 | 27,140 | 28,129 | 34,636 | 38,459 |
| CWIP | 4,279 | 4,269 | 4,760 | 6,856 | 7,873 | 6,703 | 3,969 | 8,039 | 8,298 | 7,740 |
| Investments | 14,662 | 16,018 | 18,268 | 19,210 | 28,778 | 30,060 | 35,272 | 35,208 | 41,309 | 40,324 |
| Other assets | 73,905 | 89,900 | 109,878 | 109,960 | 106,938 | 109,607 | 137,902 | 163,345 | 191,771 | 229,531 |
| Total assets | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 | 276,013 | 316,054 |
As reported by the company. Total assets equal total liabilities by construction.
Mahindra & Mahindra Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 183 | 682 | -4,347 | -1,457 | 17,909 | 9,248 | -7,074 | -5,630 | 3,176 | 11,657 |
| Cash from investing | -5,875 | -5,467 | -7,174 | -6,870 | -19,686 | -3,252 | -8,866 | -5,615 | -18,616 | -17,680 |
| Cash from financing | 6,108 | 6,314 | 13,194 | 6,933 | 406 | -5,883 | 15,946 | 12,281 | 15,834 | 5,391 |
| Net cash flow | 416 | 1,529 | 1,672 | -1,394 | -1,370 | 113 | 6 | 1,037 | 394 | -632 |
| Free cash flow | -4,780 | -5,109 | -11,546 | -8,251 | 13,283 | 3,328 | -13,241 | -15,303 | -6,633 | 2,545 |
| CFO / operating profit | 20% | 25% | -9% | 8% | 172% | 74% | -21% | -7% | 26% | 48% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mahindra & Mahindra Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 12% | 13% | 12% | 7% | 8% | 11% | 13% | 14% | 14% | 15% |
| Debtor days | 31 | 34 | 30 | 34 | 30 | 26 | 21 | 20 | 19 | 17 |
| Inventory days | 64 | 64 | 74 | 106 | 91 | 82 | 83 | 81 | 78 | 65 |
| Days payable | 107 | 125 | 127 | 142 | 147 | 134 | 118 | 112 | 118 | 112 |
| Cash conversion cycle | -11 | -27 | -23 | -3 | -26 | -27 | -13 | -11 | -21 | -30 |
| Working capital days | -2 | -8 | -14 | -20 | -11 | -13 | -14 | -8 | -14 | -40 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mahindra & Mahindra Ltd shareholding pattern
Promoters held 18.44% at Jun 2026, broadly unchanged since Jun 2025. FIIs 34.89% and DIIs 32.58%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 18.53% | 18.48% | 18.45% | 18.43% | 18.43% | 18.43% | 18.45% | 18.44% |
| FIIs | 41.18% | 38.92% | 38.30% | 38.53% | 38.04% | 37.49% | 36.23% | 34.89% |
| DIIs | 27.04% | 29.22% | 29.77% | 29.57% | 29.95% | 30.39% | 31.37% | 32.58% |
| Government | 0.07% | 0.07% | 0.08% | 0.08% | 0.08% | 0.12% | 0.21% | 0.13% |
| Public | 9.44% | 9.66% | 9.78% | 9.77% | 9.93% | 10.03% | 10.25% | 10.47% |
| No. of shareholders | 7,99,531 | 8,55,175 | 8,95,699 | 8,64,189 | 8,81,154 | 8,85,061 | 9,41,478 | 9,89,776 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When is Mahindra & Mahindra Ltd’s next results date?
Mahindra & Mahindra Ltd’s next results are scheduled for 5 Nov 2026.
- Earnings resultsConsider and approve unaudited standalone and consolidated financial results for Q2 and H1 ending 30th September 2026
See the full results calendar for every Indian company reporting in the next 30 days.
Mahindra & Mahindra Ltd corporate filings
- Mahindra & Mahindra conducts analyst/investor meet; outcome details enclosedCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd, a large-cap company with a market cap of approximately 3.45 lakh…
Read the full analysis - Mahindra & Mahindra reports September 2026 production, sales, and export figuresCompany Updatelow impact
Cruxal's analysis: The company has released operational data for September 2026, including production…
Read the full analysis - Mahindra & Mahindra conducts analyst/investor meet; outcome details enclosedCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd, a large-cap company with a market cap of approximately 347,305…
Read the full analysis - Mahindra & Mahindra files certificate under Regulation 74(5) of SEBI RegulationsCompany Updatelow impact
Cruxal's analysis: The company has submitted a statutory filing related to Regulation 74(5) of SEBI…
Read the full analysis - Mahindra & Mahindra releases three press releases; no financial or operational details disclosedCompany Updatelow impact
Cruxal's analysis: On October 1, 2026, Mahindra & Mahindra Ltd issued three press releases as part of its…
Read the full analysis - Transfer of equity shares by Mahindra & Mahindra Employees' Stock Option Trust to granteesCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd announced the transfer of equity shares from its Employees' Stock…
Read the full analysis - Mahindra & Mahindra announces analyst/investor meet intimation scheduled for September 30, 2026Company Updatelow impact
Cruxal's analysis: The company has issued a Regulation 30 (LODR) communication regarding an upcoming…
Read the full analysis - ICRA Reaffirms [ICRA]AAA (Stable) and [ICRA]A1+ Ratings for Mahindra & Mahindra Ltd.Company Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd. has received a reaffirmation of its [ICRA]AAA (Stable) rating…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
Cruxal's analysis: Please refer enclosed file
Read the full analysis - Mahindra & Mahindra schedules Board Meeting for 5th November 2026 to approve Q2 FY27 financial resultsBoard Meetinglow impact
Cruxal's analysis: Mahindra & Mahindra Limited has formally announced that its Board of Directors will…
Read the full analysis - Mahindra & Mahindra Ltd announces transfer of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd has disclosed the transfer of equity shares from the Mahindra &…
Read the full analysis - Mahindra & Mahindra Ltd discloses sale of equity sharesCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd has filed a disclosure regarding the sale of equity shares of the…
Read the full analysis - Mahindra & Mahindra Ltd announces outcome of analyst/investor meetCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd has filed the outcome of its analyst/investor meeting held on…
Read the full analysis - Mahindra & Mahindra Ltd announces outcome of analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd has filed the outcome of an analyst/investor meeting held on…
Read the full analysis - CRISIL Reaffirms AAA/Stable/A1+ Ratings for Mahindra & Mahindra LimitedCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Limited has received a reaffirmation of its 'CRISIL AAA/Stable/A1+'…
Read the full analysis - Mahindra & Mahindra Limited issues notice regarding loss of share certificatesCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Limited has issued a public notice regarding the loss of equity share…
Read the full analysis - Mahindra & Mahindra Ltd schedules analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd has issued an intimation regarding an upcoming analyst/investor…
Read the full analysis - Mahindra & Mahindra announces newspaper publication for physical share transfer re-lodgementCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra has published a notice in newspapers regarding a special window for…
Read the full analysis - Mahindra & Mahindra Ltd announces outcome of analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Ltd has filed the outcome of an analyst/investor meeting held on…
Read the full analysis - Mahindra & Mahindra releases monthly production, sales, and export figures for August 2026Company Updatelow impact
Cruxal's analysis: Mahindra & Mahindra has filed its routine monthly operational disclosure detailing…
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