Mahindra & Mahindra Limited (M&M) — Capital Reinvestment Ratio
Mahindra & Mahindra Limited (M&M) has a Capital Reinvestment Ratio of 0.30x as of December 2025, meaning it reinvests 0% of its operating cash flow (Rs292.00 Million) in capital expenditures (Rs88.00 Million). Check M&M intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Mahindra & Mahindra Limited Capital Reinvestment Ratio (2008–2026)
This chart tracks Mahindra & Mahindra Limited's Capital Reinvestment Ratio across 12 annual periods. For the full cash flow conversion analysis, see Mahindra & Mahindra Limited (M&M) cash flow conversion.
Annual Capital Reinvestment Ratio for Mahindra & Mahindra Limited (2008–2026)
Year-by-year Capital Reinvestment Ratio for Mahindra & Mahindra Limited from 2008 to 2026. See cash generation quality of Mahindra & Mahindra Limited to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (INR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.68x | Rs141.60 Billion | Rs96.05 Billion | ▼ -79.3% |
| 2025 | 3.27x | Rs31.75 Billion | Rs103.91 Billion | ▲ +401.1% |
| 2022 | 0.65x | Rs92.48 Billion | Rs60.40 Billion | ▲ +95.3% |
| 2021 | 0.33x | Rs179.09 Billion | Rs59.89 Billion | ▼ -96.1% |
| 2018 | 8.66x | Rs6.82 Billion | Rs59.06 Billion | ▼ -68.4% |
| 2017 | 27.45x | Rs1.83 Billion | Rs50.26 Billion | ▲ +514.8% |
| 2016 | 4.47x | Rs9.71 Billion | Rs43.34 Billion | ▼ -1.0% |
| 2015 | 4.51x | Rs10.55 Billion | Rs47.59 Billion | ▼ -91.7% |
| 2012 | 54.43x | Rs613.10 Million | Rs33.37 Billion | ▲ +5542.2% |
| 2010 | 0.96x | Rs27.99 Billion | Rs27.00 Billion | ▲ +11.6% |
| 2009 | 0.86x | Rs34.02 Billion | Rs29.41 Billion | ▼ -69.4% |
| 2008 | 2.82x | Rs6.99 Billion | Rs19.72 Billion | — |