Mahindra & Mahindra Limited Cash Flow Conversion Efficiency

Latest as of December 2025: 0.001x

Mahindra & Mahindra Limited cash flow conversion efficiency. Based on the latest financial reports, Mahindra & Mahindra Limited (M&M) has a cash flow conversion efficiency ratio of 0.001x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs292.00 Million ≈ $3.16 Million USD) by net assets (Rs445.70 Billion ≈ $4.82 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Cash Flow Conversion Efficiency of Mahindra & Mahindra Limited (2005–2026)

Cash flow conversion efficiency of Mahindra & Mahindra Limited from 2005 to 2026. This chart illustrates how Mahindra & Mahindra Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Mahindra & Mahindra Limited stock quote for real-time trading data and today's change.

Mahindra & Mahindra Limited Cash Flow Conversion Ratio Explained

Mahindra & Mahindra Limited cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

Mahindra & Mahindra Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Mahindra & Mahindra Limited ranked by their cash flow conversion efficiency. Also see M&M market cap overview for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
PT BK CE.AS.ADR/25 RP625 F:BZG	0.041x
KB Financial Group KO:105560	0.025x
Galderma Group N SW:GALD	0.061x
Public Service Enterprise Group Inc NYSE:PEG	0.041x
China CSSC Holdings Ltd SHG:600150	0.014x
AHOLD DELHAI.ADR16 EO-25 F:AHOD	0.121x
Universal Music Group N.V. AS:UMG	0.078x
Legrand SA PA:LR	0.041x

Annual Cash Flow Conversion Efficiency for Mahindra & Mahindra Limited (2005–2026)

The table below shows the annual cash flow conversion efficiency of Mahindra & Mahindra Limited from 2005 to 2026. Review M&M FCF generation index to assess how much free cash flow the company generates relative to operating cash flow.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs445.70 Billion ≈ $4.82 Billion	Rs141.60 Billion ≈ $1.53 Billion	0.318x	+791.55%
2025-03-31	Rs890.98 Billion ≈ $9.64 Billion	Rs31.75 Billion ≈ $343.36 Million	0.036x	+149.06%
2024-03-31	Rs775.09 Billion ≈ $8.38 Billion	Rs-56.30 Billion ≈ $-608.86 Million	-0.073x	+31.12%
2023-03-31	Rs670.82 Billion ≈ $7.25 Billion	Rs-70.74 Billion ≈ $-765.03 Million	-0.105x	-164.80%
2022-03-31	Rs568.25 Billion ≈ $6.15 Billion	Rs92.48 Billion ≈ $1.00 Billion	0.163x	-53.97%
2021-03-31	Rs506.52 Billion ≈ $5.48 Billion	Rs179.09 Billion ≈ $1.94 Billion	0.354x	+1261.41%
2020-03-31	Rs476.61 Billion ≈ $5.15 Billion	Rs-14.51 Billion ≈ $-156.91 Million	-0.030x	+66.15%
2019-03-31	Rs483.44 Billion ≈ $5.23 Billion	Rs-43.47 Billion ≈ $-470.14 Million	-0.090x	-693.80%
2018-03-31	Rs450.26 Billion ≈ $4.87 Billion	Rs6.82 Billion ≈ $73.74 Million	0.015x	+198.55%
2017-03-31	Rs360.95 Billion ≈ $3.90 Billion	Rs1.83 Billion ≈ $19.80 Million	0.005x	-81.74%
2016-03-31	Rs349.47 Billion ≈ $3.78 Billion	Rs9.71 Billion ≈ $104.98 Million	0.028x	-16.40%
2015-03-31	Rs317.49 Billion ≈ $3.43 Billion	Rs10.55 Billion ≈ $114.08 Million	0.033x	+495.86%
2014-03-31	Rs290.40 Billion ≈ $3.14 Billion	Rs-2.44 Billion ≈ $-26.36 Million	-0.008x	+77.00%
2013-03-31	Rs252.58 Billion ≈ $2.73 Billion	Rs-9.22 Billion ≈ $-99.68 Million	-0.036x	-1367.47%
2012-03-31	Rs212.95 Billion ≈ $2.30 Billion	Rs613.10 Million ≈ $6.63 Million	0.003x	+102.30%
2011-03-31	Rs186.21 Billion ≈ $2.01 Billion	Rs-23.26 Billion ≈ $-251.56 Million	-0.125x	-156.46%
2010-03-31	Rs126.51 Billion ≈ $1.37 Billion	Rs27.99 Billion ≈ $302.68 Million	0.221x	-34.31%
2009-03-31	Rs101.00 Billion ≈ $1.09 Billion	Rs34.02 Billion ≈ $367.86 Million	0.337x	+328.86%
2008-03-31	Rs88.99 Billion ≈ $962.42 Million	Rs6.99 Billion ≈ $75.58 Million	0.079x	+415.02%
2007-03-31	Rs65.16 Billion ≈ $704.64 Million	Rs-1.62 Billion ≈ $-17.57 Million	-0.025x	+75.15%
2006-03-31	Rs45.74 Billion ≈ $494.68 Million	Rs-4.59 Billion ≈ $-49.63 Million	-0.100x	+17.71%
2005-03-31	Rs27.48 Billion ≈ $297.23 Million	Rs-3.35 Billion ≈ $-36.24 Million	-0.122x	--

About Mahindra & Mahindra Limited

NSE:M&M India Auto Manufacturers

Market Cap

$36.88 Billion

Rs3.41 Trillion INR

Market Cap Rank

#731 Global

#12 in India

Share Price

Rs2840.30

Change (1 day)

-1.72%

52-Week Range

Rs2751.20 - Rs3802.40

All Time High

Rs3802.40