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
Mahindra & Mahindra Limited (MAHMF) - Net Assets
Latest net assets as of September 2025: $980.91 Billion USD
Based on the latest financial reports, Mahindra & Mahindra Limited (MAHMF) has net assets worth $980.91 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.93 Trillion) and total liabilities ($1.95 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $980.91 Billion |
| % of Total Assets | 33.49% |
| Annual Growth Rate | 19.0% |
| 5-Year Change | 75.9% |
| 10-Year Change | 154.95% |
| Growth Volatility | 16.18 |
Mahindra & Mahindra Limited - Net Assets Trend (2005–2025)
This chart illustrates how Mahindra & Mahindra Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mahindra & Mahindra Limited (2005–2025)
The table below shows the annual net assets of Mahindra & Mahindra Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $890.98 Billion | +14.95% |
| 2024-03-31 | $775.09 Billion | +15.54% |
| 2023-03-31 | $670.82 Billion | +18.05% |
| 2022-03-31 | $568.25 Billion | +12.19% |
| 2021-03-31 | $506.52 Billion | +6.28% |
| 2020-03-31 | $476.61 Billion | -1.41% |
| 2019-03-31 | $483.44 Billion | +7.37% |
| 2018-03-31 | $450.26 Billion | +24.74% |
| 2017-03-31 | $360.95 Billion | +3.29% |
| 2016-03-31 | $349.47 Billion | +10.07% |
| 2015-03-31 | $317.49 Billion | +9.33% |
| 2014-03-31 | $290.40 Billion | +14.97% |
| 2013-03-31 | $252.58 Billion | +18.61% |
| 2012-03-31 | $212.95 Billion | +14.36% |
| 2011-03-31 | $186.21 Billion | +47.19% |
| 2010-03-31 | $126.51 Billion | +25.26% |
| 2009-03-31 | $101.00 Billion | +13.49% |
| 2008-03-31 | $88.99 Billion | +36.58% |
| 2007-03-31 | $65.16 Billion | +42.44% |
| 2006-03-31 | $45.74 Billion | +66.43% |
| 2005-03-31 | $27.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mahindra & Mahindra Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 68007890000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $680.08 Billion | 88.28% |
| Common Stock | $5.58 Billion | 0.72% |
| Other Components | $84.73 Billion | 11.00% |
| Total Equity | $770.39 Billion | 100.00% |
Mahindra & Mahindra Limited Competitors by Market Cap
The table below lists competitors of Mahindra & Mahindra Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amadeus IT Holding SA PK
PINK:AMADY
|
$24.80 Billion |
|
Wuliangye Yibin Co Ltd
SHE:000858
|
$24.90 Billion |
|
Hygon Information Technology Co. Ltd. A
SHG:688041
|
$24.92 Billion |
|
Curtiss-Wright Corporation
NYSE:CW
|
$24.93 Billion |
|
Transurban Group
PINK:TRAUF
|
$24.79 Billion |
|
Hydro One Ltd
TO:H
|
$24.70 Billion |
|
Dassault Systemes SE
PINK:DASTF
|
$24.68 Billion |
|
Caseys General Stores Inc
NASDAQ:CASY
|
$24.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mahindra & Mahindra Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 661,905,500,000 to 770,388,600,000, a change of 108,483,100,000 (16.4%).
- Net income of 129,291,000,000 contributed positively to equity growth.
- Dividend payments of 23,485,500,000 reduced retained earnings.
- New share issuances of 20,507,300,000 increased equity.
- Other comprehensive income decreased equity by 2,286,100,000.
- Other factors decreased equity by 15,543,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $129.29 Billion | +16.78% |
| Dividends Paid | $23.49 Billion | -3.05% |
| Share Issuances | $20.51 Billion | +2.66% |
| Other Comprehensive Income | $-2.29 Billion | -0.3% |
| Other Changes | $-15.54 Billion | -2.02% |
| Total Change | $- | 16.39% |
Book Value vs Market Value Analysis
This analysis compares Mahindra & Mahindra Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.04x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.24x to 0.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | $24.40 | $30.25 | x |
| 2006-03-31 | $37.86 | $30.25 | x |
| 2007-03-31 | $47.60 | $30.25 | x |
| 2008-03-31 | $60.35 | $30.25 | x |
| 2009-03-31 | $59.73 | $30.25 | x |
| 2010-03-31 | $85.55 | $30.25 | x |
| 2011-03-31 | $119.08 | $30.25 | x |
| 2012-03-31 | $136.57 | $30.25 | x |
| 2013-03-31 | $162.55 | $30.25 | x |
| 2014-03-31 | $189.35 | $30.25 | x |
| 2015-03-31 | $208.88 | $30.25 | x |
| 2016-03-31 | $263.63 | $30.25 | x |
| 2017-03-31 | $273.23 | $30.25 | x |
| 2018-03-31 | $337.20 | $30.25 | x |
| 2019-03-31 | $366.29 | $30.25 | x |
| 2020-03-31 | $360.39 | $30.25 | x |
| 2021-03-31 | $373.14 | $30.25 | x |
| 2022-03-31 | $422.42 | $30.25 | x |
| 2023-03-31 | $504.48 | $30.25 | x |
| 2024-03-31 | $591.64 | $30.25 | x |
| 2025-03-31 | $685.59 | $30.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mahindra & Mahindra Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.14%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.60x
- Recent ROE (16.78%) is below the historical average (18.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 28.58% | 7.12% | 1.02x | 3.92x | $4.43 Billion |
| 2006 | 34.12% | 10.04% | 0.93x | 3.64x | $8.98 Billion |
| 2007 | 30.83% | 8.36% | 0.90x | 4.09x | $10.12 Billion |
| 2008 | 25.49% | 6.43% | 0.94x | 4.21x | $9.55 Billion |
| 2009 | 19.96% | 5.25% | 0.85x | 4.45x | $7.01 Billion |
| 2010 | 24.33% | 7.85% | 0.89x | 3.50x | $14.60 Billion |
| 2011 | 22.23% | 8.62% | 0.73x | 3.51x | $17.46 Billion |
| 2012 | 18.64% | 6.01% | 0.81x | 3.81x | $14.50 Billion |
| 2013 | 20.54% | 6.68% | 0.80x | 3.83x | $21.03 Billion |
| 2014 | 20.02% | 6.98% | 0.76x | 3.79x | $23.36 Billion |
| 2015 | 12.13% | 4.92% | 0.67x | 3.67x | $5.52 Billion |
| 2016 | 11.22% | 4.66% | 0.64x | 3.78x | $3.49 Billion |
| 2017 | 12.44% | 4.51% | 0.71x | 3.86x | $7.24 Billion |
| 2018 | 20.42% | 8.27% | 0.66x | 3.73x | $38.33 Billion |
| 2019 | 13.29% | 5.16% | 0.63x | 4.09x | $13.17 Billion |
| 2020 | 0.32% | 0.17% | 0.44x | 4.18x | $-38.70 Billion |
| 2021 | 4.36% | 2.41% | 0.45x | 4.00x | $-23.46 Billion |
| 2022 | 13.96% | 7.23% | 0.52x | 3.69x | $18.65 Billion |
| 2023 | 18.24% | 8.64% | 0.58x | 3.65x | $46.45 Billion |
| 2024 | 17.02% | 8.00% | 0.60x | 3.57x | $46.50 Billion |
| 2025 | 16.78% | 8.14% | 0.57x | 3.60x | $52.25 Billion |
Industry Comparison
This section compares Mahindra & Mahindra Limited's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mahindra & Mahindra Limited (MAHMF) | $980.91 Billion | 28.58% | 1.99x | $24.80 Billion |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |