Mahindra & Mahindra Limited (M&M) — Free Cash Flow Generation Index
Mahindra & Mahindra Limited (M&M) has a Free Cash Flow Generation Index of 1.13x as of December 2025. Free cash flow of Rs103.53 Billion represents 1% of operating cash flow (Rs91.28 Billion). See Mahindra & Mahindra Limited (M&M) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Mahindra & Mahindra Limited Free Cash Flow Generation Index (2008–2026)
Historical FCF Generation Index trend for Mahindra & Mahindra Limited across 12 annual periods. Explore debt repayment capacity of Mahindra & Mahindra Limited to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Mahindra & Mahindra Limited (2008–2026)
Year-by-year Free Cash Flow Generation Index for Mahindra & Mahindra Limited. For the full company profile including market capitalisation, see market value of Mahindra & Mahindra Limited.
| Year | FCG Index | Free Cash Flow (INR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.74x | Rs96.93 Billion | Rs131.14 Billion | Rs34.21 Billion | ▲ +132.5% |
| 2025 | -2.27x | Rs-72.16 Billion | Rs31.75 Billion | Rs103.91 Billion | ▼ -755.2% |
| 2022 | 0.35x | Rs32.08 Billion | Rs92.48 Billion | Rs60.40 Billion | ▼ -47.9% |
| 2021 | 0.67x | Rs119.19 Billion | Rs179.09 Billion | Rs59.89 Billion | ▲ +108.7% |
| 2018 | -7.66x | Rs-52.24 Billion | Rs6.82 Billion | Rs59.06 Billion | ▲ +89.8% |
| 2017 | -75.34x | Rs-49.60 Billion | Rs658.40 Million | Rs50.26 Billion | ▼ -2074.2% |
| 2016 | -3.47x | Rs-33.64 Billion | Rs9.71 Billion | Rs43.34 Billion | ▲ +1.3% |
| 2015 | -3.51x | Rs-37.04 Billion | Rs10.55 Billion | Rs47.59 Billion | ▲ +93.4% |
| 2012 | -53.43x | Rs-32.76 Billion | Rs613.10 Million | Rs33.37 Billion | ▼ -151297.1% |
| 2010 | 0.04x | Rs989.00 Million | Rs27.99 Billion | Rs27.00 Billion | ▼ -73.9% |
| 2009 | 0.14x | Rs4.60 Billion | Rs34.02 Billion | Rs29.41 Billion | ▲ +107.4% |
| 2008 | -1.82x | Rs-12.73 Billion | Rs6.99 Billion | Rs19.72 Billion | — |