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

Latest as of March 2026: Rs2.08 Trillion INR ≈ $22.51 Billion USD

Based on the latest financial reports, Mahindra & Mahindra Limited (M&M) has total liabilities worth Rs2.08 Trillion INR (≈ $22.51 Billion USD) as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore Mahindra & Mahindra Limited strategic investment ratio to see how much of total assets are deployed in long-term investments.

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

This chart illustrates how Mahindra & Mahindra Limited's total liabilities have evolved over time, based on quarterly financial data. For the complete balance sheet picture, see Mahindra & Mahindra Limited (M&M) total assets.

Mahindra & Mahindra Limited Competitors by Total Liabilities

The table below lists competitors of Mahindra & Mahindra Limited ranked by their total liabilities.

Company	Country	Total Liabilities
JD.com Inc Adr NASDAQ:JD	USA	$403.48 Billion
Holcim AG SW:HOLN	Switzerland	CHF19.58 Billion
ArcelorMittal SA XETRA:ARRD	Germany	€42.32 Billion
Banco BTG Pactual S.A. SA:BPAC11	Brazil	R$729.06 Billion
Live Nation Entertainment Inc NYSE:LYV	USA	$26.36 Billion
Ambev S.A. F:AMNA	Germany	€49.32 Billion
ArcelorMittal SA MC:MTS	Spain	€41.06 Billion
Ferrovial SE NASDAQ:FER	USA	$19.82 Billion

Liability Composition Analysis (2005–2026)

This chart breaks down Mahindra & Mahindra Limited's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. See debt-free asset ratio of Mahindra & Mahindra Limited to measure how much of total assets are equity-financed.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	1.27	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	2.24	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.66	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Mahindra & Mahindra Limited's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

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

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

Year	Total Liabilities	Change
2026-03-31	Rs1.04 Trillion ≈ $11.28 Billion	-44.64%
2025-03-31	Rs1.88 Trillion ≈ $20.38 Billion	+18.70%
2024-03-31	Rs1.59 Trillion ≈ $17.17 Billion	+14.40%
2023-03-31	Rs1.39 Trillion ≈ $15.01 Billion	+18.35%
2022-03-31	Rs1.17 Trillion ≈ $12.68 Billion	+1.28%
2021-03-31	Rs1.16 Trillion ≈ $12.52 Billion	-2.96%
2020-03-31	Rs1.19 Trillion ≈ $12.91 Billion	+3.74%
2019-03-31	Rs1.15 Trillion ≈ $12.44 Billion	+24.80%
2018-03-31	Rs921.85 Billion ≈ $9.97 Billion	+17.09%
2017-03-31	Rs787.31 Billion ≈ $8.51 Billion	+7.44%
2016-03-31	Rs732.76 Billion ≈ $7.92 Billion	+16.14%
2015-03-31	Rs630.95 Billion ≈ $6.82 Billion	+6.53%
2014-03-31	Rs592.30 Billion ≈ $6.41 Billion	+15.66%
2013-03-31	Rs512.12 Billion ≈ $5.54 Billion	+20.29%
2012-03-31	Rs425.74 Billion ≈ $4.60 Billion	+34.98%
2011-03-31	Rs315.41 Billion ≈ $3.41 Billion	+37.16%
2010-03-31	Rs229.96 Billion ≈ $2.49 Billion	+8.36%
2009-03-31	Rs212.22 Billion ≈ $2.30 Billion	+24.53%
2008-03-31	Rs170.41 Billion ≈ $1.84 Billion	+27.67%
2007-03-31	Rs133.48 Billion ≈ $1.44 Billion	+48.84%
2006-03-31	Rs89.68 Billion ≈ $969.87 Million	+35.80%
2005-03-31	Rs66.04 Billion ≈ $714.18 Million	--

About Mahindra & Mahindra Limited

NSE:M&M India Auto Manufacturers

Market Cap

$39.87 Billion

Rs3.69 Trillion INR

Market Cap Rank

#687 Global

#11 in India

Share Price

Rs3070.00

Change (1 day)

+1.34%

52-Week Range

Rs2931.10 - Rs3802.40

All Time High

Rs3802.40