M&M.NS Mahindra & Mahindra Limited
INR·Price 3088.40·Mkt cap 3.71T62funnel
as of 2026-06-19
Key numbers
Market cap
₹3,70,843 Cr
Current price
₹3,088.4
52w high / low
—
Stock P/E
21.7
Book value
₹775.31
P/B
4.0
ROCE
14.6%
ROE
18.4%
Computed from the latest reported financials and the current market price.
Who's the real player?
Strong90
A genuine play on this theme — most of its business sits right here.
OEM (4W)~60% core revenue
Is the business healthy?
Weak40
Shaky fundamentals — weak cash generation or a stretched balance sheet. Tread carefully.
- ⚠Weak FCF conversion (<50% of net income turns into free cash)
cashflow quality: 17.8capital efficiency: 39.8growth quality: 100balance sheet: 24.9valuation: 38.6
FCF conversion
12.0%
FCF margin
1.0%
Accrual ratio
1.8%
ROCE
14.6%
ROIC
9.8%
Net debt / EBITDA
3.1
Interest coverage
3.1
Revenue CAGR
—
Piotroski F
4
Altman Z
2.3
P / FCF
180.7
EV / EBITDA
11.9
- Strong growth quality
- Low accrual ratio indicates clean earnings
- Positive returns on capital
Are the smart people buying?
Mixed54
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
Capex growth -7.6%Ownership-change data not available for this stock.
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
DCF not meaningful here — the model implies a non-positive equity value (high debt / weak free cash flow).
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
Scoring this stock against the masters' frameworks…
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 1.98T | 1.59T | 1.36T | 1.19T | — |
| Operating income | 293.94B | 240.14B | 196.10B | 159.89B | — |
| EBITDA | 420.98B | 342.37B | 278.48B | 240.88B | — |
| Net income | 170.99B | 129.29B | 112.69B | 102.81B | — |
| Operating cash flow | 116.57B | 31.76B | -56.30B | -70.74B | — |
| Capex | -96.05B | -103.92B | -99.46B | -63.05B | — |
| Free cash flow | 20.52B | -72.16B | -155.76B | -133.79B | — |
| Total assets | 3.18T | 2.78T | 2.36T | 2.06T | — |
| Total equity | 930.96B | 770.39B | 661.91B | 563.66B | — |
| Total debt | 1.34T | 1.25T | 1.07T | 922.47B | — |
| Cash & equivalents | 42.92B | 49.24B | 45.30B | 34.93B | — |
Technical entry
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