Mahindra Holidays & Resorts India balance sheet

As of Sep 2026

Total assets: ₹11,956cr+8.9% on Sep 2025
Shareholders' equity: ₹797cr+7.9% on Sep 2025
Total debt: ₹1,333cr+14.2% on Sep 2025
Cash and investments: ₹842cr+12.1% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	5,984	5,574	4,864	4,455	4,277
	539	325	365	196	160
	122	122	108	106	105
	40.6	45.3	30.9	28.4	35.0
	43.2	35.4	42.4	48.1	22.4
	15.3	16.3	16.9	17.9	30.4
	11.7	0.0	7.2	6.5	9.4
	140	159	200	229	225
	108	186	755	509	318
	261	345	963	745	552
	211	205	215	275	506
	969	961	984	962	811
	8,185	7,628	7,589	6,833	6,499
	843	833	694	597	570
	816	667	729	650	534
	1,291	1,229	1,141	1,102	1,020
	26.2	35.9	37.1	103	116
	18.3	65.9	234	189	110
	0.7	0.6	0.5	0.7	0.7
	556	729	190	178	312
	2,709	2,728	2,331	2,223	2,093
	220	196	0.0	193	155
	3,771	3,757	3,026	3,014	2,818
	11,956	11,385	10,614	9,846	9,317
Equity
	202	202	202	202	201
	590	576	579	323	189
	792	778	780	524	390
	5.6	5.8	8.3	9.3	8.8
	797	784	789	533	399
Liabilities
	769	506	782	1,671	2,380
	2,840	2,424	1,967	7.2	7.3
	3,609	2,930	2,749	1,678	2,388
	25.7	23.6	10.9	9.7	8.4
	196	191	191	217	219
	5,013	4,986	4,971	4,905	4,712
	8,844	8,131	7,922	6,810	7,327
	564	728	206	1,067	242
	350	331	353	391	398
	341	413	388	170	152
	1,255	1,473	947	1,628	793
	9.5	7.4	9.0	6.5	7.1
	2.0	3.9	0.0	3.0	—
	1,048	986	948	865	792
	2,315	2,470	1,904	2,503	1,592
	11,159	10,601	9,826	9,313	8,919
	11,956	11,385	10,614	9,846	9,317
Trade payables — MSME split
	10.6	12.1	1.6	—	—
	339	319	351	—	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MHRIL₹184.47

Mahindra Holidays & Resorts India Limited

· Consumer Services

₹ CrorePeersJUNIPER ITDC ORIENTHOT BRIGHOTEL TAJGVK EIHAHOTELS VENTIVE ASIANHOTNRMcap ₹3,720 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	4,277.3	4,454.7	4,864.1	5,573.5	5,984.5
+ Capital Work-in-Progress	160.0	195.7	364.8	325.2	538.7
+ Goodwill	105.2	105.6	108.1	121.8	122.2
+ Other Intangibles	35.0	28.4	30.9	45.3	40.6
+ Intangibles under Development	22.4	48.1	42.4	35.4	43.2
+ Investments (Equity Method)	30.4	17.9	16.9	16.3	15.3
+ Non-current Investments	9.4	6.5	7.2	0.0	11.7
+ Trade Receivables — Non-current	224.9	229.4	200.3	158.6	140.4
+ Other Non-current Financial Assets	317.7	509.2	755.5	186.0	108.5
Non-current Financial Assets	552.0	745.2	963.0	344.6	260.6
+ Deferred Tax Assets	505.9	275.1	214.6	204.8	210.9
+ Other Non-current Assets	811.0	962.1	984.0	960.7	969.1
Total Non-current Assets	6,499.2	6,832.8	7,588.8	7,627.7	8,185.1
Current Assets
+ Inventories	570.3	597.1	694.2	833.2	842.6
+ Current Investments	533.7	650.3	728.6	666.7	816.2
+ Trade Receivables	1,019.9	1,102.4	1,141.1	1,229.2	1,291.2
+ Cash & Cash Equivalents	116.4	102.9	37.1	35.9	26.2
+ Other Bank Balances	110.1	189.0	234.1	65.9	18.3
+ Short-term Loans	0.7	0.7	0.5	0.6	0.7
+ Other Current Financial Assets	312.2	178.0	190.0	729.4	556.5
Current Financial Assets	2,092.9	2,223.4	2,331.3	2,727.7	2,709.0
+ Other Current Assets	154.7	193.2	0.0	196.0	219.5
Total Current Assets	2,817.8	3,013.6	3,025.5	3,756.9	3,771.1
Total Assets	9,317.1	9,846.4	10,614.3	11,384.6	11,956.2
Equity
+ Equity Share Capital	200.7	201.5	201.6	201.7	201.7
+ Other Equity / Reserves	189.1	322.5	578.8	576.2	589.8
Equity — Owners of Parent	389.8	524.1	780.4	777.9	791.5
+ Minority Interest	8.8	9.3	8.3	5.8	5.6
Total Equity	398.5	533.4	788.7	783.7	797.2
Liabilities
+ Borrowings — Non-current	2,380.2	1,671.3	781.7	506.2	768.8
+ Other Non-current Financial Liab	7.3	7.2	1,967.3	2,423.6	2,840.2
Non-current Financial Liabilities	2,387.5	1,678.4	2,749.0	2,929.8	3,608.9
+ Provisions — Non-current	8.4	9.7	10.9	23.6	25.7
+ Deferred Tax Liabilities	219.2	217.3	191.2	191.2	196.4
+ Other Non-current Liabilities	4,711.6	4,905.0	4,970.6	4,986.5	5,012.8
Non-current Liabilities	7,326.7	6,810.5	7,921.6	8,131.1	8,843.8
+ Borrowings — Current	242.4	1,067.0	205.8	727.8	564.3
+ Trade Payables	397.9	391.3	352.9	331.3	349.9
+ Other Current Financial Liab	152.4	169.5	388.2	413.4	341.3
Current Financial Liabilities	792.7	1,627.8	947.0	1,472.5	1,255.5
+ Provisions — Current	7.1	6.5	9.0	7.4	9.5
+ Current Tax Liabilities	—	3.0	0.0	3.9	2.0
+ Other Current Liabilities	792.0	865.3	948.0	986.0	1,048.2
Current Liabilities	1,591.8	2,502.6	1,904.0	2,469.8	2,315.2
Total Liabilities	8,918.5	9,313.1	9,825.6	10,600.9	11,159.1
Total Equity & Liabilities	9,317.1	9,846.4	10,614.3	11,384.6	11,956.2
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	1.6	12.1	10.6
+ Dues to Other Creditors — Current	—	—	351.3	319.2	339.3

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.