Mahindra & Mahindra DuPont analysis

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

5-step DuPont — ROE = tax burden × interest burden × EBIT margin × turnover × leverage						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	0.80×	0.80×	0.80×	0.83×	0.91×
	0.80×	0.78×	0.72×	0.74×	0.79×
	15.0%	14.9%	15.4%	14.5%	13.1%
	0.67×	0.67×	0.62×	0.63×	0.64×
	2.90×	2.90×	3.12×	3.05×	3.07×
	18.6%	18.2%	17.1%	16.9%	18.4%
	20.1%	20.1%	18.1%	18.4%	19.9%

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

alphave

M&M₹2,841.60

Mahindra & Mahindra Ltd.

· Auto & Mobility

₹ CrorePeersMARUTI ESCORTS BAJAJ-AUTO EICHERMOT TMPV MOTHERSON BOSCHLTD TVSMOTORMcap ₹3.18L Cr

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
5-Step DuPont — ROE = Tax Burden × Interest Burden × EBIT Margin × Turnover × Leverage
Tax Burden (Net Income/Pretax) ×	0.91	0.83	0.80	0.80	0.80
Interest Burden (Pretax/EBIT) ×	0.79	0.74	0.72	0.78	0.80
EBIT Margin %	13.13	14.50	15.35	14.93	15.04
Asset Turnover ×	0.64	0.63	0.62	0.67	0.67
Financial Leverage (Assets/Equity) ×	3.07	3.05	3.12	2.90	2.90
ROE (5-step product, year-end total equity) %	18.42	16.94	17.07	18.22	18.61
ROE (owners' profit / average owners' equity) %	19.87	18.39	18.05	20.10	20.10

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%.