Mahindra

Mumbai, India Founded: 1945 • Age: 81 yrs Listed Fortune India 500 · #18 India's Most Valuable · #15
Diversified operations span automotive, agriculture, and financial services.
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About Mahindra

Mahindra is a publicly listed company based in Mumbai (India) founded in 1945. Diversified operations span automotive, agriculture, and financial services. Mahindra has raised $45.15 million across 3 funding rounds from investors including British International Investment. The company has 78,760 employees. Mahindra has completed 13 acquisitions, including Bristlecone, Carnot and Erkunt. Its chief executive, as recorded, is Anish Shah. Its website mahindra.com draws about 4.5 million monthly visits. Its Indian entity Mahindra And Mahindra Limited reported revenue of β‚Ή150,540 Cr. Its focus areas include Conglomerates and Traditional Conglomerates. Its competitors include Eicher Motors, Greaves Electric Mobility and Motovolt; 2 of its 3 listed competitors have raised funding.

Company details

Founded in 1945 and headquartered in Mumbai, India, Mahindra functions as a diversified conglomerate. Activities are focused on tractors, utility vehicles, and farm equipment, alongside financial services such as insurance and rural housing finance. Operations extend to sectors including aerospace, automotive, construction equipment, defense, hospitality, logistics, and information technology.

Mahindra is ranked #18 on the Fortune India 500 (2025) and #15 among India's most valuable companies (2025).

Recognitions & Rankings of Mahindra

Fortune India 500 2025 edition
Rank#18
Total income
₹1,62,941 Cr
Profit
₹12,929 Cr
Last year #21
India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#15
Valuation
₹3,85,190 Cr
Revenue
₹1,61,392 Cr
2024 #13 2023 #21 2022 #26
  • Headquarters Mumbai, India
  • Employees 78,760
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Website category Vehicles · Automotive Industry
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website mahindra.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Mahindra & Mahindra Ltd.
Operational Areas
Industrial Goods & Manufacturing → Metals & Minerals
Key Metrics
  • Market Cap
    ₹4,22,675 Cr

    M&M · NSE

  • Share Price
    ₹3,348.70

    -1.48% today

  • Revenue
    ₹1,98,639 Cr

    FY 2025-26 · +24.8% YoY

  • EBITDA
    ₹36,687 Cr

    Margin 18.5%

  • Net Profit
    ₹17,313 Cr

    FY 2025-26 · +33.9% YoY

  • P/E (TTM)
    20.3x

    P/B 4.2x

  • ROE
    21.9%

    ROCE 15.3%

  • Debt / Equity
    1.46

    Interest cover 32.7x

  • Total Equity Funding
    $45.15M (USD)

    in 3 rounds

  • Latest Funding Round
    $250M (USD), Post-IPO

    Jul 2022

  • Investors
    British International Investment
  • Employee Count
    78,760
  • Investments & Acquisitions
    Bristlecone

    & 12 more

Apps and channels of Mahindra

its YouTube channel Mahindra Group has 351K subscribers and 30 videos.

Mahindra Group
YouTube 351K subscribers 30 videos Science & Technology
Open channel

Videos from Mahindra

The most watched videos on Mahindra's YouTube channel, Mahindra Group (351K subscribers). Click a video to play it here.

Mahindra Group: Touching Lives, Building Futures | #TogetherWeRise | Mahindra Group | 2025
14.9M views
Women's Day 2025: Celebrating the Strength of Women | IWD 2025 | #SheIsOnTheRise | @MahindraRise
14.8M views
Mahindra #सबCultures on Disney+ Hotstar | Master Promo | #MahindraSeasonOfFestivals | Mahindra Group
8.2M views
80 Years of Mahindra Rise
3.5M views

More on Mahindra Group.

Funding Insights of Mahindra

Mahindra has successfully raised a total of $45.15M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $250 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $45.15M
  • Total Rounds 3
  • Last Round Post-IPO β€” $250M
  • First Round $200M

    (Apr 2006)

  • Investors Count 1

All 3 funding rounds of Mahindra with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2022$250MPost-IPO––
British International Investment
Jul 2013$45.15MSeries B––
–
Apr 2006$200MPost-IPO––
–
Valuation history

1 investors in total: 1 institutional.

Investors in Mahindra

Mahindra has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include British International Investment.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
British International Investment
Government agency focused on small and medium-sized businesses
1948bii.co.ukLondon, United Kingdom
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Investor details for Mahindra

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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Board of directors of Mahindra And Mahindra Limited (Mahindra)

Mahindra And Mahindra Limited is the primary company behind Mahindra. The boards of the 6 registered companies of Mahindra currently have 24 directors; the longest-serving is Anand Gopal Mahindra, appointed in 2010. 107 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Anand Gopal Mahindra
DIN 00004695
Director01 Aug 201016 yrs 3 moMahindra And Mahindra Limited
Mitesh Prakash Shah
DIN 08502661
CEO11 Mar 201511 yrs 8 moMahindra Engineering And Chemical Products Limited
Sriram Ramachandran
DIN 07319032
Director09 Nov 20179 yrsMarvel Solren Private Limited
Brijbala Mohanlal Batwal
DIN 01742589
Director30 Apr 20188 yrs 6 moMahindra Engineering And Chemical Products Limited
Rajkamal Agarwal
DIN 08071652
Director30 Apr 20197 yrs 6 moMahindra Engineering And Chemical Products Limited
Shikha Sanjaya Sharma
DIN 00043265
Director08 Aug 20197 yrs 3 moMahindra And Mahindra Limited
Dhaval Jitendra Buch
DIN 00106813
Director04 May 20206 yrs 6 moMahindra Emarket Limited
Ashutosh Pandey
DIN 08166731
Director04 May 20206 yrs 6 moMahindra Emarket Limited
Mohammed Turra
DIN 08736844
Director04 May 20206 yrs 6 moMahindra Emarket Limited
Rajesh Ganesh Jejurikar
DIN 00046823
Whole-time director07 Aug 20206 yrs 3 moMahindra And Mahindra Limited
Anish Dilip Shah
DIN 02719429
Managing Director07 Aug 20206 yrs 3 moMahindra And Mahindra Limited
Nisaba Godrej
DIN 00591503
Director08 Aug 20206 yrs 3 moMahindra And Mahindra Limited
Muthiah Murugappan
DIN 07858587
Director08 Aug 20206 yrs 3 moMahindra And Mahindra Limited
Manaswini Goel
DIN 08142619
Director29 Sep 20233 yrs 1 moMarvel Solren Private Limited
Nozar Cavas Bharucha
DIN 03315303
Director11 Dec 20232 yrs 11 moMahindra Emarket Limited, Mahindra Engineering And Chemical Products Limited
Devjeet Ghosh
DIN 10454044
Director10 Jan 20242 yrs 10 moNeo Solren Private Limited, Astra Solren Private Limited
Gaurav Malhotra
DIN 09422131
Director10 Jan 20242 yrs 10 moNeo Solren Private Limited, Astra Solren Private Limited
Niraj Bhupendrakumar Shah
DIN 10528361
Director26 Apr 20242 yrs 6 moNeo Solren Private Limited, Astra Solren Private Limited
Ranjan Pant
DIN 00005410
Director17 May 20242 yrs 5 moMahindra And Mahindra Limited
Padmasree Warrior
DIN 10387032
Director17 May 20242 yrs 5 moMahindra And Mahindra Limited
Sat Pal Bhanoo
DIN 10482731
Nominee Director17 May 20242 yrs 5 moMahindra And Mahindra Limited
Muthu Raju Paravasa Raju Vijay Kumar
DIN 05170323
Director07 Oct 20251 yr 1 moMahindra And Mahindra Limited
Samina Hamied
DIN 00027923
Director07 Oct 20251 yr 1 moMahindra And Mahindra Limited
Avinash Prabhakar Rao
DIN 08249182
Additional Director27 Oct 20251 yrMarvel Solren Private Limited

People of Mahindra

487 people are tracked at Mahindra (160 in leadership, 10 in board & advisors, 317 in team); the tracked headcount is 78,760.

NameRoleGroup
Anish Shah
CEO & Managing DirectorLeadership
Pravin Nagindas Shah
Leadership
Davesh Thakur
Head - Mahindra Leadership UniversityLeadership
Rishabh Sharma
Regional Business Head Scv, North 2- Sales & Customer CareLeadership
Balasubramanian R
General Manager 4x4 Vehicle Development| Mahindra & Mahindra Ltd.Leadership
Kishore Selvam
Project HeadLeadership
Prabhat Jha
State Head - Rajasthan WestLeadership
Ami G.
CFO Farm Equipment SectorLeadership
Amey Rajput
Deputy General Manager StrategyLeadership
Mansoori Jamaluddin
Deputy General Manager - Exports (middle East)Leadership
Ganesh Adiga
Chief EngineerLeadership
Niranjan Nilekani
VP - Head BIU & AnalyticsLeadership
Mohit Kapoor
Group Chief Technology OfficerLeadership
Venu Mandala
Zonal Head - Customer Care - East - Automotive DivisionLeadership
Andy Paulson
Chief Engineer - Vehicle IntegrationLeadership
Kiran Marathe
Executive Secretary To VP (mfg. Opns.)Leadership
Velusamy R
President - Automotive Technology & Product DevelopmentLeadership
Karan Gulati
EA To President And CPOLeadership
Jayant Magar
General Manager - I.t. /head - Information TechnologyLeadership
Robin Kumar Das
Zonal Head Automotive DivisionLeadership

467 more people are available in the full profile.

Premium access

Complete people profiles for Mahindra

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Mahindra

Mahindra is a publicly listed company on the NSE with ticker symbol M&M in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date27 Sep 2004
  • Listed onLSE: MHID
  • Listed entityMahindra & Mahindra Ltd.
  • Exchange sectorConsumer durables
  • ISININE101A01026
  • Share price₹2,844.30 (-0.7% on the day) · 2026-10-14
  • Market capitalisation₹356,022 Cr
  • Price to earnings17.3
  • EPS (diluted, trailing year)₹164.27
  • Dividend yield1.17%
  • Volume (last session)1,383,788

Financials of Mahindra

Exchange-reported figures of Mahindra And Mahindra Limited, the listed company behind Mahindra (NSE: M&M).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹1,98,639 Cr
+24.8% YoY
EBITDA
₹36,687 Cr
+20.2% YoY
Profit After Tax
₹17,313 Cr
+33.9% YoY
Net Worth
₹96,069 Cr
+18.4% YoY
Total Assets
₹2,56,603 Cr
+12.8% YoY
Total Debt
₹1,33,963 Cr
+7.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,98,6391,59,2111,39,0781,21,36290,17174,27875,382
Revenue growth+24.8%+14.5%+14.6%+34.6%+21.4%-1.5%-
EBITDA36,68730,51824,89218,58314,5139,8398,712
EBITDA margin+18.5%+19.2%+17.9%+15.3%+16.1%+13.3%+11.6%
Profit before tax25,18519,08015,97814,0609,3623,1581,655
Net profit17,31312,92911,2699,2766,2562,232(306)
Net profit margin+8.7%+8.1%+8.1%+7.6%+6.9%+3.0%-0.4%
EPS (β‚Ή)153.00115.82101.0992.3259.1416.321.15
Balance sheet
Total assets2,56,6032,27,4241,95,0751,68,0411,42,5861,39,2411,41,279
Net worth96,06981,11468,21256,76647,12341,58239,969
Total debt1,33,9631,24,9491,06,62692,24777,60580,62582,092
Cash & bank31,97920,61512,01311,27311,11812,8527,911
Net working capital67,07856,37645,17740,81734,55736,37833,535
Cash flow
Cash from operations11,6573,176(5,630)(7,074)9,24817,909(1,457)
Cash from investing(17,680)(18,616)(5,615)(8,866)(3,252)(19,686)(6,870)
Cash from financing5,39115,83412,28115,946(5,883)4066,933
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue57,55358,18854,98252,10046,10645,52942,59941,470
Revenue growth (YoY)+24.8%+27.8%+29.1%+25.6%+21.6%+22.3%--
Other income1,6571,3841,5481,3231,1451,3951,141719
EBITDA10,22110,5659,7169,8148,9298,2287,9118,231
EBITDA margin+17.8%+18.4%+17.7%+19.0%+19.5%+18.1%+18.6%+19.8%
Depreciation1,8321,7601,9432,1631,6691,5482,0291,495
Interest2,6822,5602,4072,4052,3472,4312,3972,362
Profit before tax7,3657,6286,9146,5696,0585,6444,6275,092
Tax2,1981,6311,6541,5472,0941,2681,0851,468
Net profit5,1675,9985,2605,0213,9644,3773,5423,624
EPS (β‚Ή)40.9048.5941.4841.6932.5136.4329.0428.40
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,47,7651,18,6251,01,33686,64557,78744,63045,488
Revenue growth+24.6%+17.1%+17.0%+49.9%+29.5%-1.9%-
EBITDA22,39218,41615,1309,4916,2143,0302,417
EBITDA margin+15.2%+15.5%+14.9%+11.0%+10.8%+6.8%+5.3%
Profit before tax20,62415,65013,4588,1316,1482,3033,116
Net profit15,71611,85510,6427,6544,8902,7432,191
Net profit margin+10.6%+10.0%+10.5%+8.8%+8.5%+6.2%+4.8%
EPS (β‚Ή)130.1098.7388.7454.6640.708.2411.15
Balance sheet
Total assets79,42966,14256,78250,69546,76144,64339,116
Net worth74,32561,58552,29143,35738,19834,95134,468
Total debt1,6531,6822,0515,0266,7437,7863,027
Cash & bank18,48010,7915,6654,4823,6516,3954,237
Net working capital5,1482,7301,6781,4812418502,974
Cash flow
Cash from operations22,75816,61711,4749,1296,9779,5943,678
Cash from investing(19,733)(13,874)(5,361)(4,753)(3,961)(14,564)(2,576)
Cash from financing(3,529)(3,355)(5,547)(3,784)(3,166)3,514(1,015)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue44,28241,95939,60138,94235,08034,14331,60930,964
Revenue growth (YoY)+26.2%+22.9%+25.3%+25.8%+21.3%+25.8%--
Other income1,062776644698702732513265
Total expenses37,56436,80934,09133,32228,61229,34827,38926,154
EBITDA6,7185,1505,5095,6196,4674,7954,2194,810
EBITDA margin+15.8%+12.3%+13.9%+14.6%+19.4%+14.1%+13.5%+15.8%
Depreciation1,0741,0501,2011,0521,0411,0001,3061,045
Interest66.7299.7371.5263.1558.9955.9281.0261.42
Profit before tax6,6384,7764,8815,2026,0694,4713,3453,968
Tax1,5361,0911,1441,2711,5491,0219081,004

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue57,55358,18854,98252,10046,10645,52942,59941,470
Revenue growth (YoY)+24.8%+27.8%+29.1%+25.6%+21.6%+22.3%--
Other income1,6571,3841,5481,3231,1451,3951,141719
EBITDA10,22110,5659,7169,8148,9298,2287,9118,231
EBITDA margin+17.8%+18.4%+17.7%+19.0%+19.5%+18.1%+18.6%+19.8%
Depreciation1,8321,7601,9432,1631,6691,5482,0291,495
Interest2,6822,5602,4072,4052,3472,4312,3972,362
Profit before tax7,3657,6286,9146,5696,0585,6444,6275,092
Tax2,1981,6311,6541,5472,0941,2681,0851,468
Net profit5,1675,9985,2605,0213,9644,3773,5423,624
EPS (β‚Ή)40.9048.5941.4841.6932.5136.4329.0428.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,98,6391,59,2111,39,0781,21,36290,17174,27875,382
Revenue growth+24.8%+14.5%+14.6%+34.6%+21.4%-1.5%-
Other income5,4113,7183,2985,6643,3752,7992,331
Total expenses1,61,9521,28,6931,14,1861,02,77975,65864,43966,670
Employee cost12,73111,12610,6249,6788,3877,8138,215
EBITDA36,68730,51824,89218,58314,5139,8398,712
EBITDA margin+18.5%+19.2%+17.9%+15.3%+16.1%+13.3%+11.6%
Depreciation7,3226,0744,7244,3573,5083,3783,367
Interest9,5919,0837,4885,8305,0186,1026,021
Profit before tax25,18519,08015,97814,0609,3623,1581,655
Tax6,5635,0063,7082,6862,1091,6461,976
Net profit17,31312,92911,2699,2766,2562,232(306)
Net profit margin+8.7%+8.1%+8.1%+7.6%+6.9%+3.0%-0.4%
EPS (β‚Ή)153.00115.82101.0992.3259.1416.321.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3,5324,6332,579957556555554
Reserves & surplus92,53876,48165,63355,80946,56741,02739,415
Shareholders' funds (net worth)96,06981,11468,21256,76647,12341,58239,969
Minority interest16,39512,05911,31910,7169,7039,0707,692
Secured loans1,00,09297,33079,93365,72735,39837,06442,631
Unsecured loans33,87127,61926,69226,52042,20743,56139,461
Total debt1,33,9631,24,9491,06,62692,24777,60580,62582,092
Total liabilities2,56,6032,27,4241,95,0751,68,0411,42,5861,39,2411,41,279
Assets
Gross block75,95566,14356,46252,09048,52642,65868,602
Net block38,45934,63628,12927,14026,01821,38029,689
Capital work in progress7,7408,2988,0393,9696,7037,8736,856
Investments40,32441,30935,20835,27230,06028,77819,210
Inventories22,04420,33118,59016,85511,5969,61511,112
Sundry debtors9,0648,2807,4597,0286,3746,0086,928
Cash & bank balances31,97920,61512,01311,27311,11812,8527,911
Loans & advances63,24855,40046,56841,90335,21133,63131,799
Total current assets1,26,3351,04,62684,63177,06064,29862,10657,750
Total current liabilities59,25748,25039,45436,24229,74125,72824,215
Net working capital67,07856,37645,17740,81734,55736,37833,535
Total assets2,56,6032,27,4241,95,0751,68,0411,42,5861,39,2411,41,279
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4,9244,5303,4933,4883,3754,7456,139
Net cash from operating activities11,6573,176(5,630)(7,074)9,24817,909(1,457)
Net cash from investing activities(17,680)(18,616)(5,615)(8,866)(3,252)(19,686)(6,870)
Net cash from financing activities5,39115,83412,28115,946(5,883)4066,933
Net change in cash(632)3941,0375.82113(1,370)(1,394)
Closing cash31,97920,61512,01311,27311,11812,8527,911
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+24.8%+14.5%+14.6%+34.6%+21.4%-1.5%-
EBITDA growth+20.2%+22.6%+34.0%+28.1%+47.5%+12.9%-
PBT growth+32.0%+19.4%+13.6%+50.2%+196.4%+90.9%-81.4%
Net income growth+33.9%+14.7%+21.5%+48.3%+180.3%+829.1%-
Revenue CAGR (3Y)+17.9%+20.9%+23.3%+17.2%-4.9%-6.9%-3.5%
EBITDA CAGR (3Y)+25.5%+28.1%+36.3%+28.7%-0.8%-9.4%-6.7%
Profitability & leverage
Net income margin+9.4%+8.8%+8.8%+9.4%+8.0%+2.0%-0.4%
Return on capital employed+15.3%+14.1%+13.8%+13.7%+10.9%+7.9%+6.9%
Return on net worth+21.9%+19.7%+20.0%+22.0%+16.4%+4.7%-1.9%
Debt / equity1.461.551.591.631.782.001.91
Long-term debt / equity0.901.031.031.051.191.311.20
Interest cover32.6637.1637.1340.9845.6094.45112.65
Efficiency & per share
Fixed asset turnover2.802.602.562.411.981.341.15
Inventory turnover9.388.187.858.538.507.176.47
Debtors turnover22.9120.2319.2018.1114.5711.489.66
EPS (β‚Ή)153.00115.82101.0992.3259.1416.321.15
Dividend per share (β‚Ή)33.0025.3021.1016.2511.558.752.35
Book value per share (β‚Ή)833.03690.13593.77506.14423.72374.51360.55
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue44,28241,95939,60138,94235,08034,14331,60930,964
Revenue growth (YoY)+26.2%+22.9%+25.3%+25.8%+21.3%+25.8%--
Other income1,062776644698702732513265
Total expenses37,56436,80934,09133,32228,61229,34827,38926,154
EBITDA6,7185,1505,5095,6196,4674,7954,2194,810
EBITDA margin+15.8%+12.3%+13.9%+14.6%+19.4%+14.1%+13.5%+15.8%
Depreciation1,0741,0501,2011,0521,0411,0001,3061,045
Interest66.7299.7371.5263.1558.9955.9281.0261.42
Profit before tax6,6384,7764,8815,2026,0694,4713,3453,968
Tax1,5361,0911,1441,2711,5491,0219081,004
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,47,7651,18,6251,01,33686,64557,78744,63045,488
Revenue growth+24.6%+17.1%+17.0%+49.9%+29.5%-1.9%-
Other income2,7751,7121,9562,0672,6582,0393,035
Total expenses1,25,3741,00,20986,20677,15451,57341,60043,071
Employee cost5,2904,8814,4633,6503,3303,2522,880
EBITDA22,39218,41615,1309,4916,2143,0302,417
EBITDA margin+15.2%+15.5%+14.9%+11.0%+10.8%+6.8%+5.3%
Depreciation4,2934,2273,4883,1542,4982,3702,223
Interest250250140273226396113
Profit before tax20,62415,65013,4588,1316,1482,3033,116
Tax4,9853,7952,8151,5821,2781,3191,785
Net profit15,71611,85510,6427,6544,8902,7432,191
Net profit margin+10.6%+10.0%+10.5%+8.8%+8.5%+6.2%+4.8%
EPS (β‚Ή)130.1098.7388.7454.6640.708.2411.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital601600600599598597597
Reserves & surplus73,72460,98551,69242,75837,60034,35433,871
Shareholders' funds (net worth)74,32561,58552,29143,35738,19834,95134,468
Secured loans0.000.000.000.002.5694.250.00
Unsecured loans1,6531,6822,0515,0266,7407,6923,027
Total debt1,6531,6822,0515,0266,7437,7863,027
Total liabilities79,42966,14256,78250,69546,76144,64339,116
Assets
Gross block46,81343,55340,20736,21531,57727,31222,666
Net block19,68819,65117,80516,97614,90412,01110,395
Capital work in progress5,3083,9053,7632,7855,2636,1254,009
Investments42,03235,46829,20727,08724,20421,78319,938
Inventories10,30610,3339,7188,8815,9704,7833,401
Sundry debtors6,4865,7264,5684,0423,0392,2032,999
Cash & bank balances18,48010,7915,6654,4823,6516,3954,237
Loans & advances9,5987,7257,0917,6915,6642,9412,315
Total current assets44,87034,57427,04125,09618,32416,32212,952
Total current liabilities39,72231,84425,36323,61418,08315,4729,978
Net working capital5,1482,7301,6781,4812418502,974
Total assets79,42966,14256,78250,69546,76144,64339,116
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,2641,8761,3107178682,3242,238
Net cash from operating activities22,75816,61711,4749,1296,9779,5943,678
Net cash from investing activities(19,733)(13,874)(5,361)(4,753)(3,961)(14,564)(2,576)
Net cash from financing activities(3,529)(3,355)(5,547)(3,784)(3,166)3,514(1,015)
Net change in cash(504)(612)566593(150)(1,456)85.93
Closing cash18,48010,7915,6654,4823,6516,3954,237
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+24.6%+17.1%+17.0%+49.9%+29.5%-1.9%-
EBITDA growth+21.6%+21.7%+59.4%+52.7%+105.1%+25.4%-
PBT growth+31.8%+16.3%+65.5%+32.3%+166.9%-26.1%-50.7%
Net income growth+32.6%+11.4%+39.1%+56.5%+78.3%+25.2%-
Revenue CAGR (3Y)+19.5%+27.1%+31.4%+24.0%+2.5%-2.9%+1.1%
EBITDA CAGR (3Y)+33.1%+43.6%+70.9%+57.8%+1.1%-21.3%-17.4%
Profitability & leverage
Net income margin+10.6%+10.0%+10.5%+7.6%+8.4%+2.2%+2.9%
Return on capital employed+28.7%+25.9%+25.3%+20.2%+14.0%+13.8%+13.5%
Return on net worth+23.0%+20.8%+22.3%+18.8%+13.3%+7.9%+6.4%
Debt / equity0.020.030.070.140.200.160.08
Long-term debt / equity0.020.030.040.100.180.130.06
Interest cover1.381.771.214.316.0960.0158.25
Efficiency & per share
Fixed asset turnover3.272.832.652.561.961.792.11
Inventory turnover14.3211.8310.9011.6710.7510.9112.57
Debtors turnover24.2023.0523.5424.4722.0517.1613.10
EPS (β‚Ή)130.1098.7388.7454.6640.708.2411.15
Dividend per share (β‚Ή)33.0025.3021.1016.2511.558.752.35
Book value per share (β‚Ή)618.33512.88436.04361.88319.22292.53288.91

Investments & Acquisitions by Mahindra

Mahindra has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include Bristlecone, Carnot and Erkunt.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
SML Isuzu
Commercial vehicles including buses, trucks, and ambulances are manufactured.
smlisuzu.comChandigarh, India1983Apr 2025$65M
Carnot
Farm analytics and tractor telematics solutions are provided for agriculture.
carnot.co.inMumbai, India2015Mar 2022$1.84M
Sampo-Rosenlew
Manufacturer of combine and forest harvesters
sampo-rosenlew.fiPori, Finland1991Sep 2020β€’β€’β€’β€’
Meru
Ride-hailing services are facilitated via an app-based platform.
meru.inMumbai, India2007Aug 2019$28.06M
Erkunt Traktr Sanayii
Agricultural equipment, including tractors and harvesters, is manufactured and distributed.
erkunttraktor.com.trAnkara, Turkey2003Sep 2017$124.25M
Erkunt
Gray and ductile iron castings are manufactured for industrial applications.
erkunt.com.trEtimesgut, Turkey1953Sep 2017$127M
Hisarlar
Farm equipment is manufactured and supplied by Hisarlar.
hisarlar.com.trEskisehir, Turkey1973Jan 2017$19M
Origin Group
Citrus fruits are distributed by Origin Group in the Netherlands.
originfruitdirect.nlRotterdam, Netherlands2006Dec 2016β€’β€’β€’β€’
Ssangyong Motor Company
Brand of passenger cars
smotor.comSeoul, South Korea1954Aug 2010$463M
REVA Electric Car Company
Electric vehicles are designed and manufactured by REVA in India.
revaindia.comBengaluru, India1994May 2010β€’β€’β€’β€’
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Timeline of Mahindra

14 dated milestones of Mahindra across 80 years, from founding to its latest funding, stage changes and deals.

  1. Founded Mahindra is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $200.0M.
  4. Acquisition Acquires REVA Electric Car Company.
  5. Acquisition Acquires Ssangyong Motor Company.
  6. Acquisition Acquires Origin Group.
  7. Acquisition Acquires Hisarlar.
  8. Acquisition Acquires Erkunt Traktr Sanayii.
  9. Acquisition Acquires Erkunt.
  10. Acquisition Acquires Meru.
  11. Acquisition Acquires Sampo-Rosenlew.
  12. Acquisition Acquires Carnot.
  13. Funding Latest funding round, Post-IPO, of $250.0M.
  14. Acquisition Acquires SML Isuzu.

Competitors of Mahindra

Mahindra has 3 listed competitors in our database, 2 of them funded. They include Eicher Motors, Greaves Electric Mobility and Motovolt.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Eicher Motors
eicher.in1948Gurugram, India5,101
Commercial vehicles and two-wheelers are manufactured by Eicher Motors.
Greaves Electric Mobility
greaveselectricmobility.com2008Bengaluru, India$226.32M1,551
Manufacturer of electric two and three-wheelers for personal and commercial use
Motovolt
motovolt.co2019Kolkata, India$1.92M315
Electric bicycles with advanced features are developed by Motovolt.
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Web traffic of Mahindra

The website of Mahindra (mahindra.com) receives about 4.5M visits a month and ranks #12,840 among all websites worldwide, #204 in Automotive Industry.

  • Monthly visits
    4.5M

    ▲ 39.6% vs previous month

  • Unique visitors
    1.6M

    per month

  • Global rank
    #12,840

    among all websites

  • Category rank
    #204

    Vehicles · Automotive Industry

Similar websites

Websites whose visitors overlap most with Mahindra. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Mahindraelectricsuv
mahindraelectricsuv.com
100%
#73,959View details
Tata Motors
tatamotors.com
98%
6.8M#4,619View details
SKODA
skoda-auto.co.in
86%
1.1M#66,247View details
Maruti Suzuki India
marutisuzuki.com
82%
6.8M#6,898View details
Hyundai Motor Company
hyundai.com
80%
19.3M#2,548View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Metals & Minerals

2 companies that operate in the same segment as Mahindra (Metals & Minerals) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Welspun Group
Manufacturer of pipes, plates & coils, and home textile products
1985Mumbai, Maharashtra, IndiaUSD 544.74 M6,934
Sanmar Group
Chemical and casting products are manufactured, with shipping operations managed.
1962Chennai, Tamil Nadu, IndiaUSD 576.61 MUSD 1.43 B180
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Related news about Mahindra

M&M: CLSA on M&M maintains High Conviction Outperform, Target Price Rs 4650; Auto EBIT margin improved 58bps QoQ to 7.7%, while farm EBIT margin declined 176bps to 16.8%, broadly in line with expectations. CLSA retains M&M as its top auto pick, citing UV market-share gains, upcoming launches, BEV traction and capacity expansion. Concerns over tractor-volume growth are viewed as overdone, with the farm segment contributing 30% of FY28 estimated EBIT.
Exchange Update β€’ 7 days ago
M&M: Citi on M&M maintains Buy, Target Price Rs 4330; Q2 results were ahead of expectations, supported by better-than-estimated EBITDA margins. Management remains positive on UV demand, backed by capacity expansion and new launches, while LCV demand is improving. However, FY27 tractor industry growth guidance was reduced to flat from 5% earlier due to weak monsoons and low reservoir levels, particularly in Maharashtra and Karnataka.
Exchange Update β€’ 7 days ago
M&M: Bernstein on M&M maintains Outperform, Target Price Rs 4100; Weaker rainfall, declining reservoir levels and pressure on farm incomes have prompted management to lower FY27 tractor industry growth guidance to flat. Consolidated EBIT grew 19% YoY, compared with just 2% growth in standalone EBIT excluding other income, highlighting the increasing contribution from businesses beyond the core auto and farm segments.
Exchange Update β€’ 7 days ago
M&M: Aims To Boost Auto Production Capacity From 64,500 Units At The Beginning Of The Year To 82,000 By Year-End, 92,000 Next Year, And 132,000 By FY31, With New EV Capacity Hitting 12,000 By Feb-March.
Exchange Update β€’ 7 days ago
M&M: Sets Bold Growth Goals for the Next Ten Years, Targeting 8X Growth in Auto (4X Achieved), 3X in Farm (2X Achieved), 4X to 5X in Financial Services AUM, 14X in Lifespaces Pre-Sales (5X Achieved), and 50X in Aerospace Orders ($1 Billion by FY30, 28X Achieved).
Exchange Update β€’ 7 days ago
M&M: Q2 SL NET PROFIT 51B RUPEES VS 45B (YOY); EST 45B
Exchange Update β€’ 8 days ago
M&M: Q2 REVENUE 424B RUPEES VS 351B (YOY)
Exchange Update β€’ 8 days ago
M&M: Q2 SL EBITDA 67.2B RUPEES VS 64.67B (YOY); Q2 EBITDA MARGIN 15.2% VS 18.44% (YOY)
Exchange Update β€’ 8 days ago
Mahindra & Mahindra: Executive States Capacity Will Increase By 27% By End Of Fiscal Year 2027
Exchange Update β€’ 8 days ago
M&M: Lowers Tractor Outlook For FY27 From High Single Digit Growth To Flat Growth
Exchange Update β€’ 8 days ago
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Articles about Mahindra on our blog

Frequently Asked Questions about Mahindra

Mahindra was founded in 1945 and raised its 1st funding round 61 years after it was founded.

Mahindra is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Anish Shah is the CEO of Mahindra, as recorded in our data.

Mahindra is a funded company, having raised a total of $45.15M across 3 funding rounds to date. The company's 1st funding round was a Post-IPO of $200M, raised on Apr 2006.

Mahindra has 78,760 employees.

The primary company behind Mahindra, Mahindra And Mahindra Limited, reported revenue of β‚Ή150,540 Cr for FY 2026, up 25% year on year.

Founded in 1945 and headquartered in Mumbai, India, Mahindra functions as a diversified conglomerate. Activities are focused on tractors, utility vehicles, and farm equipment, alongside financial services such as insurance and rural housing finance. Operations extend to sectors including aerospace, automotive, construction equipment, defense, hospitality, logistics, and information technology.

Mahindra's top competitors include Eicher Motors, Greaves Electric Mobility and Motovolt.

Yes, Mahindra is publicly traded on NSE under the ticker symbol M&M.

Mahindra has made 13 acquisitions, including Bristlecone, Carnot, and Erkunt.

Mahindra has 1 investor. Key investors include British International Investment.

Mahindra is associated with 6 legal entities: Mahindra And Mahindra Limited, Marvel Solren Private Limited, Mahindra Emarket Limited and others.

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