profit from every ₹100 of sales.
₹0₹100
Mahindra & Mahindra
₹3,333.00-1.94% today
-7.1% in 1 year
1-year low ₹2,751.201-year high ₹3,802.40
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹23.41 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Mahindra & Mahindra sold, what it kept, and what it did with the cash.
Sales went from ₹1.19 trillion in 2023 to ₹1.98 trillion in 2026, with ₹171 billion of profit last year.
SalesProfit
Mahindra & Mahindra handed back more cash to shareholders than it generated last year.
₹28.2B
Free cash flow 2026₹20.5B
Bought back its own shares–
Paid as dividends₹28.2B
Cash vs. debt₹42.9B vs. ₹1.34T
Mahindra & Mahindra vs. similar companies
Mahindra & Mahindra grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Mahindra & Mahindra | 23.4× · Fair price | ||
 Tesla | 406.5× · Very expensive | ||
 Toyota Motor | 10.4× · Cheap | ||
 BYD | 22.4× · Fair price | ||
 General Motors | 26.9× · Fair price |
AI analysis
An AI analyst reads Mahindra & Mahindra's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 1,190,404 | 1,358,030 | 1,587,498 | 1,977,928 | |
| 443,948 | 516,011 | 630,070 | 748,704 | |
| 159,886 | 196,098 | 240,143 | 293,936 | |
| 240,884 | 278,480 | 342,367 | 420,976 | |
| 102,815 | 112,686 | 129,291 | 170,989 | |
| 91.96 | 100.70 | 115.06 | – | |
| 37.3% | 38.0% | 39.7% | 37.9% | |
| 13.4% | 14.4% | 15.1% | 14.9% | |
| 8.6% | 8.3% | 8.1% | 8.6% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 2,058,918 | 2,363,007 | 2,775,863 | 3,176,346 |
| Cash | 34,934 | 45,301 | 49,239 | 42,922 |
| Total debt | 922,469 | 1,066,255 | 1,249,493 | 1,339,632 |
| Total liabilities | 1,388,097 | 1,587,914 | 1,884,883 | 2,081,436 |
| 563,658 | 661,906 | 770,389 | 930,964 | |
| 1,117 | 1,119 | 1,124 | – | |
| 10.0% | 10.1% | 10.5% | 11.5% | |
| 18.2% | 17.0% | 16.8% | 18.4% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -70,740 | -56,300 | 31,758 | 116,574 | |
| 63,046 | 99,460 | 103,920 | 96,055 | |
| -133,786 | -155,759 | -72,161 | 20,519 | |
| Dividends paid | 12,848 | 18,105 | 23,486 | 28,207 |
| – | – | – | – | |
| 1,398 | 1,289 | 1,202 | 3,429 |
Valuation
- 23.4×
- –
- –
- 4.2×
- 2.0×
- 195.0×
- 12.6×
- 0.5%
- 4.3%
- 0.7%
Profitability
- 37.9%
- 14.9%
- 8.6%
- –
- 11.4%
- 10.5%
- –
- –
- –
- –
Growth
- +18.4%
- –
- –
- –
- +0.1%
Financial health
- 3.1×
- 1.44
- –
- 3.7×
- 1.27
- –
- –
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 30%of 982
Top 23%of 996
Bottom 38%of 860
Top 21%of 996
Bottom 20%of 982
0.7%of the share price, paid each year
On $1,000 invested$7a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
16.5% of its profit
Room to growStretchedMore than it earns: 137.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
39No pass
Benjamin Graham
42No pass
Philip Fisher
49No pass
Peter Lynch
62Pass
Joel Greenblatt
35No pass
Charlie Munger
30No pass
Terry Smith
26No pass
Questions about Mahindra & Mahindra
Is Mahindra & Mahindra a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Mahindra & Mahindra AI analysis
What does Mahindra & Mahindra do?
Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services segments. It is in Auto Manufacturers, based in Mumbai, India.
Does Mahindra & Mahindra pay a dividend?
Yes. At today's price the dividend is 0.7% a year, about 16% of its yearly profit. In 2026 it paid out ₹28.2 billion in dividends.
Is Mahindra & Mahindra stock halal?
No. Mahindra & Mahindra does not pass our halal screen: its debt is 34% of its market value, at or above the 33% limit. How we check
How has Mahindra & Mahindra stock done over the past year?
Down 7.1% over the past twelve months, to ₹3,333.00. It traded between ₹2,751.20 and ₹3,802.40 and is 12.3% below its high.
Who are Mahindra & Mahindra's competitors?
The largest listed companies in the same industry are Tesla, Toyota Motor, BYD and General Motors. The peers table on this page compares their profit, growth and price with Mahindra & Mahindra's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.