Mahindra & Mahindra Limited (M&M) - Total Assets

Latest as of March 2026: Rs3.18 Trillion INR ≈ $34.35 Billion USD

Based on the latest financial reports, Mahindra & Mahindra Limited (M&M) holds total assets worth Rs3.18 Trillion INR (≈ $34.35 Billion USD) as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check Mahindra & Mahindra Limited cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Mahindra & Mahindra Limited - Total Assets Trend (2005–2026)

This chart illustrates how Mahindra & Mahindra Limited's total assets have evolved over time, based on quarterly financial data. Explore Mahindra & Mahindra Limited long-term investment intensity to see how much of total assets are deployed in long-term investments.

Mahindra & Mahindra Limited - Asset Composition Analysis

Current Asset Composition (March 2026)

Mahindra & Mahindra Limited's total assets of Rs3.18 Trillion consist of 41.1% current assets and 58.9% non-current assets.

Asset Category	Amount (INR)	% of Total Assets
Cash & Equivalents	Rs0.00	7.7%
Accounts Receivable	Rs57.59 Billion	3.9%
Inventory	Rs404.61 Billion	27.2%
Property, Plant & Equipment	Rs0.00	0.0%
Intangible Assets	Rs38.52 Billion	2.6%
Goodwill	Rs75.93 Billion	5.1%

Asset Composition Trend (2005–2026)

This chart illustrates how Mahindra & Mahindra Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see M&M market cap overview.

Show as percentage

Key Asset Composition Facts

Current vs. Non-Current Assets: Mahindra & Mahindra Limited's current assets represent 41.1% of total assets in 2026, a decrease from 71.7% in 2005.
Cash Position: Cash and equivalents constituted 7.7% of total assets in 2026, down from 10.8% in 2005.
Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 0.0% in 2005.
Asset Diversification: The largest asset category is inventory at 27.2% of total assets.

Mahindra & Mahindra Limited Competitors by Total Assets

Key competitors of Mahindra & Mahindra Limited based on total assets are shown below.

Company	Country	Total Assets
BYD Co Ltd Class A SHE:002594	China	CN¥902.08 Billion
Beiqi Foton Motor Co Ltd SHG:600166	China	CN¥59.31 Billion
LI AUTO INC. (SP.ADR)/2 F:L87A	Germany	€154.30 Billion
Hyundai Motor Co Pref KO:005387	Korea	₩354.43 Trillion
Zhejiang Taotao Vehicles Co. Ltd. A SHE:301345	China	CN¥6.02 Billion
AIMA Technology Group Co Ltd SHG:603529	China	CN¥24.94 Billion
Xiamen King Long Motor Group Co Ltd SHG:600686	China	CN¥27.64 Billion
KG Mobility Corp. KO:003620	Korea	₩3.58 Trillion

Mahindra & Mahindra Limited - Liquidity and Working Capital Analysis

Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.

Key Liquidity Metrics

Metric	Current	1 Year Ago	5 Years Ago
Current Ratio	1.27	1.40	1.40
Quick Ratio	1.08	1.18	1.22
Cash Ratio	0.00	0.23	0.00
Working Capital	Rs310.41 Billion	Rs362.51 Billion	Rs206.92 Billion

Mahindra & Mahindra Limited - Advanced Valuation Insights

This section examines the relationship between Mahindra & Mahindra Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.

Key Valuation Metrics

Current Price-to-Book Ratio	3.89
Latest Market Cap to Assets Ratio	0.03
Asset Growth Rate (YoY)	-46.4%
Total Assets	Rs1.49 Trillion
Market Capitalization	$40.68 Billion USD

Valuation Analysis

Below Book Valuation: The market values Mahindra & Mahindra Limited's assets below their book value (0.03x), which may indicate investor concerns about asset quality or future growth.

Significant Asset Reduction: Mahindra & Mahindra Limited's assets decreased by 46.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.

Annual Total Assets for Mahindra & Mahindra Limited (2005–2026)

The table below shows the annual total assets of Mahindra & Mahindra Limited from 2005 to 2026.

Year	Total Assets	Change
2026-03-31	Rs1.49 Trillion ≈ $16.10 Billion	-46.35%
2025-03-31	Rs2.78 Trillion ≈ $30.02 Billion	+17.47%
2024-03-31	Rs2.36 Trillion ≈ $25.56 Billion	+14.77%
2023-03-31	Rs2.06 Trillion ≈ $22.27 Billion	+18.25%
2022-03-31	Rs1.74 Trillion ≈ $18.83 Billion	+4.60%
2021-03-31	Rs1.66 Trillion ≈ $18.00 Billion	-0.33%
2020-03-31	Rs1.67 Trillion ≈ $18.06 Billion	+2.21%
2019-03-31	Rs1.63 Trillion ≈ $17.67 Billion	+19.08%
2018-03-31	Rs1.37 Trillion ≈ $14.84 Billion	+19.50%
2017-03-31	Rs1.15 Trillion ≈ $12.42 Billion	+6.10%
2016-03-31	Rs1.08 Trillion ≈ $11.70 Billion	+14.11%
2015-03-31	Rs948.44 Billion ≈ $10.26 Billion	+7.45%
2014-03-31	Rs882.70 Billion ≈ $9.55 Billion	+15.43%
2013-03-31	Rs764.70 Billion ≈ $8.27 Billion	+19.73%
2012-03-31	Rs638.69 Billion ≈ $6.91 Billion	+27.33%
2011-03-31	Rs501.62 Billion ≈ $5.42 Billion	+40.72%
2010-03-31	Rs356.46 Billion ≈ $3.86 Billion	+13.81%
2009-03-31	Rs313.22 Billion ≈ $3.39 Billion	+20.74%
2008-03-31	Rs259.41 Billion ≈ $2.81 Billion	+30.59%
2007-03-31	Rs198.63 Billion ≈ $2.15 Billion	+46.68%
2006-03-31	Rs135.42 Billion ≈ $1.46 Billion	+44.80%
2005-03-31	Rs93.52 Billion ≈ $1.01 Billion	--

About Mahindra & Mahindra Limited

NSE:M&M India Auto Manufacturers

Market Cap

$40.68 Billion

Rs3.76 Trillion INR

Market Cap Rank

#668 Global

#11 in India

Share Price

Rs3132.90

Change (1 day)

-0.16%

52-Week Range

Rs2931.10 - Rs3802.40

All Time High

Rs3802.40