Mahindra & Mahindra Limited (M&M) — Defensive Interval Ratio

Latest as of March 2026: 195 days

Mahindra & Mahindra Limited (M&M) has a Defensive Interval Ratio of 195 days as of March 2026. Defensive assets of Rs621.53 Billion (cash Rs-, short-term investments Rs530.89 Billion, receivables Rs90.64 Billion) cover 195 days of daily cash needs of Rs3.18 Billion/day. See Mahindra & Mahindra Limited (M&M) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

195 days
Days of operational coverage

Defensive Assets

Rs621.53 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Rs3.18 Billion
Current Liabilities ÷ 365

Current Liabilities

Rs1.16 Trillion
INR

Mahindra & Mahindra Limited Defensive Interval Ratio (2005–2026)

This chart shows how Mahindra & Mahindra Limited's Defensive Interval Ratio has evolved across 22 annual periods from 2005 to 2026. As of March 2026, the ratio stands at 195 days, meaning defensive assets of Rs621.53 Billion can fund 195 days of operations without new revenue. See Mahindra & Mahindra Limited (M&M) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Mahindra & Mahindra Limited (2005–2026)

The table below presents the year-by-year Defensive Interval Ratio for Mahindra & Mahindra Limited from 2005 to 2026, covering 22 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see market cap of Mahindra & Mahindra Limited.

Year DIR (days) Defensive Assets (INR) Daily Cash Need Cash ST Investments Change (days)
2026 521 days Rs588.48 Billion Rs1.13 Billion/day Rs- Rs530.89 Billion ▲ +134 days
2025 387 days Rs957.75 Billion Rs2.47 Billion/day Rs30.90 Billion Rs369.49 Billion ▲ +41 days
2024 346 days Rs717.02 Billion Rs2.07 Billion/day Rs19.18 Billion Rs216.93 Billion ▼ -1 days
2023 347 days Rs671.58 Billion Rs1.93 Billion/day Rs13.91 Billion Rs239.98 Billion ▼ -23 days
2022 370 days Rs570.73 Billion Rs1.54 Billion/day Rs12.91 Billion Rs192.05 Billion ▼ -32 days
2021 402 days Rs566.84 Billion Rs1.41 Billion/day Rs7.59 Billion Rs200.58 Billion ▲ +87 days
2020 316 days Rs467.01 Billion Rs1.48 Billion/day Rs12.79 Billion Rs100.06 Billion ▲ +17 days
2019 298 days Rs479.79 Billion Rs1.61 Billion/day Rs- Rs89.54 Billion ▼ -11 days
2018 309 days Rs416.53 Billion Rs1.35 Billion/day Rs- Rs77.15 Billion ▼ -12 days
2017 322 days Rs351.50 Billion Rs1.09 Billion/day Rs- Rs66.50 Billion ▲ +16 days
2016 305 days Rs306.61 Billion Rs1.00 Billion/day Rs- Rs53.97 Billion ▲ +199 days
2015 106 days Rs98.26 Billion Rs924.19 Million/day Rs- Rs40.48 Billion ▼ -231 days
2014 337 days Rs254.50 Billion Rs755.02 Million/day Rs- Rs36.27 Billion ▲ +87 days
2013 251 days Rs179.18 Billion Rs715.16 Million/day Rs- Rs26.17 Billion ▼ -42 days
2012 292 days Rs175.34 Billion Rs600.24 Million/day Rs- Rs19.21 Billion ▼ -297 days
2011 589 days Rs211.37 Billion Rs358.87 Million/day Rs- Rs7.44 Billion ▲ +14 days
2010 575 days Rs136.33 Billion Rs237.14 Million/day Rs- Rs- ▲ +58 days
2009 517 days Rs118.87 Billion Rs230.02 Million/day Rs- Rs- ▼ -126 days
2008 643 days Rs117.75 Billion Rs183.08 Million/day Rs- Rs- ▼ -26 days
2007 669 days Rs95.34 Billion Rs142.44 Million/day Rs- Rs- ▼ -75 days
2006 744 days Rs68.49 Billion Rs92.03 Million/day Rs- Rs- ▲ +98 days
2005 646 days Rs50.02 Billion Rs77.39 Million/day Rs- Rs6.26 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)