Mahindra & Mahindra Limited (M&M) — Cash Flow Quality Index
Mahindra & Mahindra Limited (M&M) has a Cash Flow Quality Index of 0.28x as of December 2025. Operating cash flow of Rs91.28 Billion is below net income of Rs322.65 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore long-term investment intensity of Mahindra & Mahindra Limited to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Mahindra & Mahindra Limited Cash Flow Quality Index (2005–2026)
Historical Cash Flow Quality Index for Mahindra & Mahindra Limited across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Mahindra & Mahindra Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Mahindra & Mahindra Limited (2005–2026)
Year-by-year earnings quality comparison for Mahindra & Mahindra Limited. For live market cap and the full company financial profile, see Mahindra & Mahindra Limited (M&M) market capitalisation.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 2.23x | Rs131.14 Billion | Rs58.88 Billion | ▲ +1130.7% |
| 2025 | 0.18x | Rs31.75 Billion | Rs175.42 Billion | ▲ +136.2% |
| 2024 | -0.50x | Rs-56.30 Billion | Rs112.69 Billion | ▲ +20.2% |
| 2023 | -0.63x | Rs-70.74 Billion | Rs113.05 Billion | ▼ -148.0% |
| 2022 | 1.30x | Rs92.48 Billion | Rs70.92 Billion | ▼ -77.9% |
| 2021 | 5.89x | Rs179.09 Billion | Rs30.40 Billion | ▲ +1150.0% |
| 2020 | -0.56x | Rs-14.51 Billion | Rs25.86 Billion | ▲ +6.0% |
| 2019 | -0.60x | Rs-43.47 Billion | Rs72.80 Billion | ▼ -677.1% |
| 2018 | 0.10x | Rs6.82 Billion | Rs65.90 Billion | ▲ +686.3% |
| 2017 | 0.01x | Rs658.40 Million | Rs50.04 Billion | ▼ -94.3% |
| 2016 | 0.23x | Rs9.71 Billion | Rs42.34 Billion | ▼ -12.2% |
| 2015 | 0.26x | Rs10.55 Billion | Rs40.38 Billion | ▲ +689.7% |
| 2014 | -0.04x | Rs-2.44 Billion | Rs55.02 Billion | ▲ +75.4% |
| 2013 | -0.18x | Rs-9.22 Billion | Rs51.28 Billion | ▼ -997.1% |
| 2012 | 0.02x | Rs613.10 Million | Rs30.60 Billion | ▲ +102.7% |
| 2011 | -0.76x | Rs-23.26 Billion | Rs30.80 Billion | ▼ -166.9% |
| 2010 | 1.13x | Rs27.99 Billion | Rs24.79 Billion | ▼ -53.3% |
| 2009 | 2.42x | Rs34.02 Billion | Rs14.05 Billion | ▲ +444.1% |
| 2008 | 0.44x | Rs6.99 Billion | Rs15.71 Billion | ▲ +510.0% |
| 2007 | -0.11x | Rs-1.62 Billion | Rs14.97 Billion | ▲ +70.0% |
| 2006 | -0.36x | Rs-4.59 Billion | Rs12.70 Billion | ▲ +26.5% |
| 2005 | -0.49x | Rs-3.35 Billion | Rs6.82 Billion | — |