Mahindra & Mahindra Limited (M&M) — Financial Flexibility Index
Mahindra & Mahindra Limited (M&M) has a Financial Flexibility Index of 0.00x as of December 2025. Free cash flow of Rs380.00 Million (operating CF Rs292.00 Million minus capex Rs88.00 Million) represents 0% of total liabilities (Rs1.04 Trillion). Check M&M cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Mahindra & Mahindra Limited Financial Flexibility Index (2005–2026)
Historical Financial Flexibility Index trend for Mahindra & Mahindra Limited across 22 annual periods. For the full cash flow conversion analysis, see Mahindra & Mahindra Limited (M&M) cash conversion ratio.
Annual Financial Flexibility Index for Mahindra & Mahindra Limited (2005–2026)
Year-by-year free cash flow to debt coverage for Mahindra & Mahindra Limited. Explore Mahindra & Mahindra Limited (M&M) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.23x | Rs237.65 Billion | Rs141.60 Billion | Rs1.04 Trillion | ▲ +216.5% |
| 2025 | 0.07x | Rs135.66 Billion | Rs31.75 Billion | Rs1.88 Trillion | ▲ +164.8% |
| 2024 | 0.03x | Rs43.16 Billion | Rs-56.30 Billion | Rs1.59 Trillion | ▲ +590.3% |
| 2023 | -0.01x | Rs-7.69 Billion | Rs-70.74 Billion | Rs1.39 Trillion | ▼ -104.3% |
| 2022 | 0.13x | Rs152.87 Billion | Rs92.48 Billion | Rs1.17 Trillion | ▼ -36.8% |
| 2021 | 0.21x | Rs238.98 Billion | Rs179.09 Billion | Rs1.16 Trillion | ▲ +352.3% |
| 2020 | 0.05x | Rs54.45 Billion | Rs-14.51 Billion | Rs1.19 Trillion | ▲ +75.4% |
| 2019 | 0.03x | Rs29.93 Billion | Rs-43.47 Billion | Rs1.15 Trillion | ▼ -63.6% |
| 2018 | 0.07x | Rs65.88 Billion | Rs6.82 Billion | Rs921.85 Billion | ▲ +8.0% |
| 2017 | 0.07x | Rs52.09 Billion | Rs1.83 Billion | Rs787.31 Billion | ▼ -8.6% |
| 2016 | 0.07x | Rs53.05 Billion | Rs9.71 Billion | Rs732.76 Billion | ▼ -21.4% |
| 2015 | 0.09x | Rs58.14 Billion | Rs10.55 Billion | Rs630.95 Billion | ▲ +59.5% |
| 2014 | 0.06x | Rs34.22 Billion | Rs-2.44 Billion | Rs592.30 Billion | ▲ +24.8% |
| 2013 | 0.05x | Rs23.70 Billion | Rs-9.22 Billion | Rs512.12 Billion | ▼ -42.0% |
| 2012 | 0.08x | Rs33.98 Billion | Rs613.10 Million | Rs425.74 Billion | ▲ +265.8% |
| 2011 | -0.05x | Rs-15.18 Billion | Rs-23.26 Billion | Rs315.41 Billion | ▼ -120.1% |
| 2010 | 0.24x | Rs54.99 Billion | Rs27.99 Billion | Rs229.96 Billion | ▼ -20.0% |
| 2009 | 0.30x | Rs63.43 Billion | Rs34.02 Billion | Rs212.22 Billion | ▲ +90.7% |
| 2008 | 0.16x | Rs26.71 Billion | Rs6.99 Billion | Rs170.41 Billion | ▲ +72.6% |
| 2007 | 0.09x | Rs12.12 Billion | Rs-1.62 Billion | Rs133.48 Billion | ▲ +1126.2% |
| 2006 | 0.01x | Rs664.18 Million | Rs-4.59 Billion | Rs89.68 Billion | ▼ -52.1% |
| 2005 | 0.02x | Rs1.02 Billion | Rs-3.35 Billion | Rs66.04 Billion | — |