Mahindra & Mahindra (M&M) Financial Ratio Screen

NSE Consumer Cyclical India INR 3357571M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Mahindra & Mahindra (M&M) is potentially non-compliant in the automated ratio model. The company's debt ratio of 42.2% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Mahindra & Mahindra operates in the Consumer Cyclical sector.

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MSCI new-inclusion financial-ratio snapshot

M&M financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
42.2%
Fail vs 30%
Cash ratio
16.2%
Pass vs 30%
Receivables + cash
4.2%
Pass vs 30%
Impermissible income
0.9%
Pass vs 5%

Calculation date: 2026-10-15. Financial period used: March 2026. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodMarch 2026Calculation date2026-10-15S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Auto Manufacturers) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services segments. The Automotive segment provides automobiles, two wheelers, spares, construction equipment and related services. The Farm Equipment segment sells tractors, implements, spares, powerol, and related services. The Auto Investments segment invests in automotive-related subsidiaries, associates and joint ventures. The Farm Investments segment is involved in the investment of farm equipment related subsidiaries, associates, and joint ventures. The Industrial Businesses and Consumer Services' segment invests in automotive & farm related subsidiaries, associates and joint ventures. The company was incorporated in 1945 and is headquartered in Mumbai, India.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from March 2026

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 42.2%
/ 30%
16.2%
/ 30%
4.2%
/ 30%
0.91%
/ 5%
RATIOS FAIL*
FTSE 42.2%
/ 33%
16.2%
/ 33%
4.2%
/ 50%
0.91%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
16.7
Forward: 17.8
EPS
currency unverified 166.96
Dividend Yield
120.0%
Payout: 20.1%
P/B Ratio
3.4
EV/EBITDA
10.4
EV: INR 4.1T
Revenue
INR 1.9T
Growth: 27.5%
Beta
0.3
Low volatility

Profitability

Gross Margin 38.6%
Operating Margin 17.0%
Net Margin 8.6%

Cash Flow & Balance Sheet

Operating Cash FlowINR 116.6B
Free Cash FlowINR 20.5B
Total DebtINR 1.3T
Debt-to-Equity125.3
Total AssetsINR 3.2T

Price & Trading

Last CloseINR 2,751.20
50-Day MAINR 3,187.15
200-Day MAINR 3,230.32
Avg Volume2.2M
Beta0.3
52-Week Range
INR 2,744.30
INR 3,839.90

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-10 for the financial period March 2026. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Mahindra & Mahindra (M&M)

CEO
Dr. Anish Dilip Shah Ph.D.
Employees
26,765
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
India
Exchange
NSE
Market Cap (listing currency)
INR 3357571M
Currency
INR

Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services segments. The Automotive segment provides automobiles, two wheelers, spares, construction equipment and related services. The Farm Equipment segment sells tractors, implements, spares, powerol, and related services. The Auto Investments segment invests in automotive-related subsidiaries, associates and joint ventures. The Farm Investments segment is involved in the investment of farm equipment related subsidiaries, associates, and joint ventures. The Industrial Businesses and Consumer Services' segment invests in automotive & farm related subsidiaries, associates and joint ventures. The company was incorporated in 1945 and is headquartered in Mumbai, India.

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Frequently Asked Questions

Is Mahindra & Mahindra (M&M) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Mahindra & Mahindra's debt ratio?

Mahindra & Mahindra's debt ratio is 42.2% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Mahindra & Mahindra's key financial metrics?

Mahindra & Mahindra has a market capitalization of INR 3357571M in its listing currency, trailing P/E ratio of 16.7, and revenue of INR 1.9T. The company maintains a gross margin of 38.6% and a net margin of 8.6%.

How often is the screening data updated?

Calculation date: 2026-10-15. Financial period: March 2026. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.