Mahindra & Mahindra balance sheet

As of Mar 2026

Total assets: ₹3,17,635cr+14.4% on Mar 2025
Shareholders' equity: ₹1,09,491cr+22.9% on Mar 2025
Total debt: ₹1,29,615cr+7.0% on Mar 2025
Cash and investments: ₹25,097cr−6.6% on Mar 2025

₹ crore except per share

Tap a line for its trend	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.
	29,012	25,835	21,409	20,351
	2,368	3,653	3,461	1,223
	2,535	2,374	2,448	2,549
	6,912	6,428	4,272	4,240
	5,372	4,645	4,578	2,746
	15,112	14,177	13,801	14,381
	4,407	5,184	7,773	6,626
	89,180	79,607	67,784	52,773
	208	257	271	283
	8,544	2,283	4,298	3,354
	1,02,339	87,331	80,125	63,035
	1,581	1,573	1,579	1,615
	5,264	4,998	6,362	4,426
	1,70,495	1,51,013	1,38,035	1,14,566
	22,044	20,331	18,590	16,855
	20,805	21,947	13,635	14,266
	9,064	8,280	7,459	7,028
	4,292	4,924	4,530	3,493
	27,686	15,691	7,483	7,780
	51,137	44,645	39,060	34,685
	4,597	3,552	2,102	1,952
	1,17,582	99,039	74,269	69,204
	7,350	7,203	5,380	5,210
	1,46,976	1,26,573	98,240	91,269
	163	—	25.5	56.6
	3,17,635	2,77,586	2,36,301	2,05,892
Equity
	559	558	557	557
	92,538	76,481	65,633	55,809
	93,096	77,039	66,191	56,366
	16,395	12,059	11,319	10,716
	1,09,491	89,098	77,509	67,082
Liabilities
	73,470	79,707	67,720	57,910
	7,659	8,373	6,044	1,370
	81,129	88,080	73,764	59,280
	2,583	1,982	1,763	1,816
	1,774	1,912	1,772	1,609
	6,559	6,192	5,946	5,525
	92,045	98,166	83,246	68,230
	56,145	41,466	35,484	34,337
	37,889	30,855	25,666	23,836
	6,987	6,149	5,089	4,425
	1,01,020	78,470	66,239	62,598
	1,810	1,314	1,123	1,189
	982	720	543	616
	12,287	9,819	7,642	6,176
	1,16,099	90,322	75,546	70,579
	2,08,144	1,88,488	1,58,791	1,38,810
	3,17,635	2,77,586	2,36,301	2,05,892
Assets — additional as-filed lines
	0.0	2,271	2,130	1,803
Liabilities — additional as-filed lines
	0.0	—	—	0.0
Trade payables — MSME split
	991	927	460	364
	36,897	29,929	25,206	23,472
	0.0	—	—	0.0

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

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Mahindra & Mahindra Ltd.

· Auto & Mobility

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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 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	20,351.3	21,408.6	25,834.8	29,012.3	29,012.3
+ Capital Work-in-Progress	1,222.7	3,461.3	3,652.6	2,368.0	2,368.0
+ Goodwill	2,548.9	2,448.4	2,373.9	2,534.8	2,534.8
+ Other Intangibles	4,239.8	4,272.4	6,427.6	6,912.3	6,912.3
+ Intangibles under Development	2,745.9	4,578.0	4,645.1	5,371.5	5,371.5
+ Investments (Equity Method)	14,380.6	13,800.7	14,176.7	15,112.0	15,112.0
+ Non-current Investments	6,625.9	7,772.8	5,184.4	4,407.0	4,407.0
+ Long-term Loans	52,772.8	67,783.7	79,607.3	89,180.4	89,180.4
+ Trade Receivables — Non-current	282.6	270.7	256.5	207.8	207.8
+ Other Non-current Financial Assets	3,354.0	4,298.0	2,282.8	8,544.3	8,544.3
Non-current Financial Assets	63,035.3	80,125.0	87,331.1	1,02,339.4	1,02,339.4
+ Deferred Tax Assets	1,615.5	1,579.0	1,573.1	1,581.0	1,581.0
+ Other Non-current Assets	4,426.5	6,361.7	4,998.2	5,263.7	5,263.7
Total Non-current Assets	1,14,566.3	1,38,035.1	1,51,013.0	1,70,495.0	1,70,495.0
Current Assets
+ Inventories	16,855.0	18,590.5	20,330.9	22,044.1	22,044.1
+ Current Investments	14,265.9	13,634.6	21,947.5	20,804.9	20,804.9
+ Trade Receivables	7,028.0	7,459.4	8,279.7	9,064.3	9,064.3
+ Cash & Cash Equivalents	3,493.4	4,530.1	4,923.9	4,292.2	4,292.2
+ Other Bank Balances	7,780.0	7,482.7	15,691.0	27,686.3	27,686.3
+ Short-term Loans	34,684.8	39,060.1	44,644.8	51,137.0	51,137.0
+ Other Current Financial Assets	1,951.7	2,102.4	3,552.5	4,597.4	4,597.4
Current Financial Assets	69,203.9	74,269.4	99,039.3	1,17,582.2	1,17,582.2
+ Other Current Assets	5,210.0	5,380.4	7,203.1	7,350.2	7,350.2
Total Current Assets	91,268.8	98,240.2	1,26,573.3	1,46,976.5	1,46,976.5
+ Assets Held for Sale	56.6	25.5	—	163.1	163.1
Total Assets	2,05,891.8	2,36,300.7	2,77,586.3	3,17,634.6	3,17,634.6
Equity
+ Equity Share Capital	556.8	557.4	558.2	558.8	558.8
+ Other Equity / Reserves	55,809.0	65,633.2	76,480.7	92,537.6	92,537.6
Equity — Owners of Parent	56,365.8	66,190.6	77,038.9	93,096.4	93,096.4
+ Minority Interest	10,716.3	11,318.8	12,059.1	16,394.7	16,394.7
Total Equity	67,082.1	77,509.3	89,098.0	1,09,491.0	1,09,491.0
Liabilities
+ Borrowings — Non-current	57,909.9	67,719.7	79,707.2	73,469.9	73,469.9
+ Other Non-current Financial Liab	1,370.5	6,044.2	8,373.2	7,659.4	7,659.4
Non-current Financial Liabilities	59,280.4	73,763.8	88,080.4	81,129.3	81,129.3
+ Provisions — Non-current	1,816.0	1,763.3	1,982.0	2,582.8	2,582.8
+ Deferred Tax Liabilities	1,608.6	1,772.1	1,912.1	1,774.3	1,774.3
+ Other Non-current Liabilities	5,525.3	5,946.5	6,191.8	6,558.7	6,558.7
Non-current Liabilities	68,230.3	83,245.7	98,166.3	92,045.1	92,045.1
+ Borrowings — Current	34,337.0	35,483.5	41,465.8	56,144.6	56,144.6
+ Trade Payables	23,835.7	25,665.6	30,855.3	37,888.7	37,888.7
+ Other Current Financial Liab	4,424.9	5,089.3	6,148.9	6,986.9	6,986.9
Current Financial Liabilities	62,597.6	66,238.5	78,469.9	1,01,020.1	1,01,020.1
+ Provisions — Current	1,189.5	1,123.0	1,313.8	1,809.6	1,809.6
+ Current Tax Liabilities	616.0	542.5	719.7	981.8	981.8
+ Other Current Liabilities	6,176.4	7,641.6	9,818.6	12,287.1	12,287.1
Current Liabilities	70,579.4	75,545.7	90,322.0	1,16,098.6	1,16,098.6
Total Liabilities	1,38,809.7	1,58,791.4	1,88,488.3	2,08,143.6	2,08,143.6
Total Equity & Liabilities	2,05,891.8	2,36,300.7	2,77,586.3	3,17,634.6	3,17,634.6
Assets — additional as-filed lines
+ Current Tax Assets	1,802.9	2,129.9	2,270.8	0.0	0.0
Liabilities — additional as-filed lines
+ Trade Payables — Non-current	0.0	—	—	0.0	0.0
Trade Payables — MSME split
+ Dues to Micro & Small — Current	363.6	459.7	926.7	991.2	991.2
+ Dues to Other Creditors — Current	23,472.0	25,205.9	29,928.6	36,897.5	36,897.5
+ Dues to Other Creditors — Non-current	0.0	—	—	0.0	0.0

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 ✓ 240%.