Mahindra & Mahindra Limited (NSE:M&M) — Market Cap & Net Worth
Market Cap & Net Worth: Mahindra & Mahindra Limited (M&M)
Mahindra & Mahindra Limited (NSE:M&M) has a market capitalization of $39.34 Billion (Rs3.64 Trillion) as of September 17, 2026. Listed on the NSE stock exchange, this India-based company holds position #700 globally and #11 in its home market, demonstrating a -4.43% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Mahindra & Mahindra Limited's stock price Rs3029.50 by its total outstanding shares 1200762264 (1.20 Billion). Also see Mahindra & Mahindra Limited asset portfolio for a full breakdown of the balance sheet.
Mahindra & Mahindra Limited Market Cap History: 2015 to 2026
Mahindra & Mahindra Limited's market capitalization history from 2015 to 2026. Data shows growth from $7.56 Billion to $39.34 Billion (16.19% CAGR). Also see Mahindra & Mahindra Limited cash conversion from operations for how efficiently the company converts equity into cash flow.
Index Memberships
Mahindra & Mahindra Limited is a constituent of 9 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NIFTY AUTO
CNXAUTO
|
$150.38 Billion | 26.16% | #1 of 15 |
|
NIFTY CONSUMPTION
CNXCONSUM
|
$425.33 Billion | 9.25% | #3 of 30 |
|
NIFTY GROWTH SECTORS 15
NI15
|
$250.90 Billion | 15.68% | #2 of 15 |
|
NIFTY 100
NIFTY100
|
$1.94 Trillion | 2.03% | #11 of 100 |
|
NIFTY100 EQUAL WEIGHT
NIFTY100EW
|
$1.69 Trillion | 2.33% | #9 of 99 |
|
NIFTY 200
NIFTY200
|
$2.46 Trillion | 1.60% | #11 of 200 |
|
NIFTY 500
NIFTY500
|
$3.03 Trillion | 1.30% | #11 of 500 |
|
Nifty Low Volatility 50
NIFTYLVI
|
$926.61 Billion | 4.25% | #6 of 48 |
|
NIFTY TOTAL MARKET
NIFTYTOTALMKT
|
$3.13 Trillion | 1.26% | #11 of 750 |
Weight: Mahindra & Mahindra Limited's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Mahindra & Mahindra Limited Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Mahindra & Mahindra Limited's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Check Mahindra & Mahindra Limited (M&M) share price today for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
0.02x
Mahindra & Mahindra Limited's market cap is 0.02 times its annual revenue
Latest Price to Earnings (P/E) Ratio
0.23x
Mahindra & Mahindra Limited's market cap is 0.23 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2017 | $9.14 Billion | $820.69 Billion | $36.98 Billion | 0.01x | 0.25x |
| 2018 | $9.87 Billion | $907.70 Billion | $75.10 Billion | 0.01x | 0.13x |
| 2019 | $6.61 Billion | $1.03 Trillion | $53.15 Billion | 0.01x | 0.12x |
| 2020 | $9.00 Billion | $743.04 Billion | $1.27 Billion | 0.01x | 7.09x |
| 2021 | $10.57 Billion | $726.79 Billion | $18.12 Billion | 0.01x | 0.58x |
| 2022 | $15.96 Billion | $884.40 Billion | $65.77 Billion | 0.02x | 0.24x |
| 2023 | $22.24 Billion | $1.19 Trillion | $102.81 Billion | 0.02x | 0.22x |
| 2024 | $39.05 Billion | $1.36 Trillion | $112.69 Billion | 0.03x | 0.35x |
| 2025 | $48.17 Billion | $1.56 Trillion | $129.29 Billion | 0.03x | 0.37x |
| 2026 | $39.34 Billion | $1.98 Trillion | $170.99 Billion | 0.02x | 0.23x |
Competitor Companies of M&M by Market Capitalization
Companies near Mahindra & Mahindra Limited in the global market cap rankings as of September 17, 2026. Review how tangible is Mahindra & Mahindra Limited's equity to assess the quality of the company's equity after excluding intangible assets.
Key companies related to Mahindra & Mahindra Limited by market ranking:
- Tesla Inc (NASDAQ:TSLA): Ranked #11 globally with a market cap of $1.31 Trillion USD.
- Toyota Motor Corporation ADR (NYSE:TM): Ranked #73 globally with a market cap of $255.57 Billion USD.
- Toyota Motor Corporation (MX:TMN): Ranked #87 globally with a market cap of $228.51 Billion USD ( MX$3.97 Trillion MXN).
- Toyota Motor Corporation (F:TOM): Ranked #116 globally with a market cap of $183.54 Billion USD ( €156.99 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #11 | Tesla Inc | NASDAQ:TSLA | $1.31 Trillion | $356.58 |
| #73 | Toyota Motor Corporation ADR | NYSE:TM | $255.57 Billion | $196.08 |
| #87 | Toyota Motor Corporation | MX:TMN | $228.51 Billion | MX$3353.00 |
| #116 | Toyota Motor Corporation | F:TOM | $183.54 Billion | €16.80 |
Mahindra & Mahindra Limited Historical Marketcap From 2015 to 2026
Between 2015 and today, Mahindra & Mahindra Limited's market cap moved from $7.56 Billion to $ 39.34 Billion, with a yearly change of 16.19%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | Rs39.34 Billion | -18.32% |
| 2025 | Rs48.17 Billion | +23.35% |
| 2024 | Rs39.05 Billion | +75.61% |
| 2023 | Rs22.24 Billion | +39.33% |
| 2022 | Rs15.96 Billion | +51.01% |
| 2021 | Rs10.57 Billion | +17.37% |
| 2020 | Rs9.00 Billion | +36.31% |
| 2019 | Rs6.61 Billion | -33.07% |
| 2018 | Rs9.87 Billion | +7.96% |
| 2017 | Rs9.14 Billion | +28.63% |
| 2016 | Rs7.11 Billion | -5.98% |
| 2015 | Rs7.56 Billion | -- |
End of Day Market Cap According to Different Sources
On Sep 16th, 2026 the market cap of Mahindra & Mahindra Limited was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $39.34 Billion USD |
| MoneyControl | $39.34 Billion USD |
| MarketWatch | $39.34 Billion USD |
| marketcap.company | $39.34 Billion USD |
| Reuters | $39.34 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Mahindra & Mahindra Limited
Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through five segments: Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services. The company offers commercial vehicles, trucks, buses, vans, passenger cars, utility vehicles, and electric vehicles (EV), as well a… Read more