Mahindra & Mahindra Limited (M&M) — 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. Read Mahindra & Mahindra Limited (M&M) financial obligations for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Mahindra & Mahindra Limited Net Asset Quality Index Over Time (2005–2026)
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. For live market cap and overall valuation, see M&M market cap.
Annual Net Asset Quality Index for Mahindra & Mahindra Limited (2005–2026)
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. Check M&M strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
| 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 | — |