Mahindra & Mahindra Limited Net Asset Quality Index
Mahindra & Mahindra Limited net asset quality index. Mahindra & Mahindra Limited (M&M) has a Net Asset Quality Index of 34.5% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs3.18 Trillion minus total liabilities of Rs2.08 Trillion yields net assets of Rs1.09 Trillion. A higher index indicates a stronger, lower-leverage balance sheet. See Mahindra & Mahindra Limited shareholders equity for net asset value and shareholders' equity analysis.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Mahindra & Mahindra Limited (2005–2026)
Net asset quality index of Mahindra & Mahindra Limited from 2005 to 2026. This chart shows how Mahindra & Mahindra Limited's Net Asset Quality Index has evolved across 22 annual periods from 2005 to 2026. As of March 2026, the index stands at 34.5%, representing net assets of Rs1.09 Trillion against total assets of Rs3.18 Trillion INR. Check Mahindra & Mahindra Limited PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Mahindra & Mahindra Limited Net Asset Quality Index by Year (2005–2026)
Mahindra & Mahindra Limited net asset quality index by year from 2005 to 2026. The table below presents the year-by-year Net Asset Quality Index for Mahindra & Mahindra Limited from 2005 to 2026, covering 22 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see Mahindra & Mahindra Limited market cap and net worth.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 29.9% | Rs445.70 Billion | Rs1.49 Trillion | Rs1.04 Trillion | ▼ -2.2 pp |
| 2025 | 32.1% | Rs890.98 Billion | Rs2.78 Trillion | Rs1.88 Trillion | ▼ -0.7 pp |
| 2024 | 32.8% | Rs775.09 Billion | Rs2.36 Trillion | Rs1.59 Trillion | ▲ +0.2 pp |
| 2023 | 32.6% | Rs670.82 Billion | Rs2.06 Trillion | Rs1.39 Trillion | ▼ -0.1 pp |
| 2022 | 32.6% | Rs568.25 Billion | Rs1.74 Trillion | Rs1.17 Trillion | ▲ +2.2 pp |
| 2021 | 30.4% | Rs506.52 Billion | Rs1.66 Trillion | Rs1.16 Trillion | ▲ +1.9 pp |
| 2020 | 28.5% | Rs476.61 Billion | Rs1.67 Trillion | Rs1.19 Trillion | ▼ -1.0 pp |
| 2019 | 29.6% | Rs483.44 Billion | Rs1.63 Trillion | Rs1.15 Trillion | ▼ -3.2 pp |
| 2018 | 32.8% | Rs450.26 Billion | Rs1.37 Trillion | Rs921.85 Billion | ▲ +1.4 pp |
| 2017 | 31.4% | Rs360.95 Billion | Rs1.15 Trillion | Rs787.31 Billion | ▼ -0.9 pp |
| 2016 | 32.3% | Rs349.47 Billion | Rs1.08 Trillion | Rs732.76 Billion | ▼ -1.2 pp |
| 2015 | 33.5% | Rs317.49 Billion | Rs948.44 Billion | Rs630.95 Billion | ▲ +0.6 pp |
| 2014 | 32.9% | Rs290.40 Billion | Rs882.70 Billion | Rs592.30 Billion | ▼ -0.1 pp |
| 2013 | 33.0% | Rs252.58 Billion | Rs764.70 Billion | Rs512.12 Billion | ▼ -0.3 pp |
| 2012 | 33.3% | Rs212.95 Billion | Rs638.69 Billion | Rs425.74 Billion | ▼ -3.8 pp |
| 2011 | 37.1% | Rs186.21 Billion | Rs501.62 Billion | Rs315.41 Billion | ▲ +1.6 pp |
| 2010 | 35.5% | Rs126.51 Billion | Rs356.46 Billion | Rs229.96 Billion | ▲ +3.2 pp |
| 2009 | 32.2% | Rs101.00 Billion | Rs313.22 Billion | Rs212.22 Billion | ▼ -2.1 pp |
| 2008 | 34.3% | Rs88.99 Billion | Rs259.41 Billion | Rs170.41 Billion | ▲ +1.5 pp |
| 2007 | 32.8% | Rs65.16 Billion | Rs198.63 Billion | Rs133.48 Billion | ▼ -1.0 pp |
| 2006 | 33.8% | Rs45.74 Billion | Rs135.42 Billion | Rs89.68 Billion | ▲ +4.4 pp |
| 2005 | 29.4% | Rs27.48 Billion | Rs93.52 Billion | Rs66.04 Billion | — |