Mahindra Automotive Key Ratios
NSE: CIEINDIA | BSE: 532756
₹378.25
As on 12-Nov-2026IST
Market cap
₹14,340 Cr
Revenue (TTM)
₹10,259 Cr
P/E Ratio
15.4
P/B Ratio
1.8
Div. Yield
1.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 0.48 | 11.02 | 12.44 | 3.37 | 4.38 |
| EBIT | -3.96 | 5.39 | 13.88 | 1.60 | 9.42 |
| Net Profit | 3.50 | 13.84 | 15.57 | 0.67 | 16.88 |
| EPS | 3.43 | 13.91 | 15.35 | 46.24 | 17.05 |
| Book Value | -- | -- | 13.42 | 13.52 | 8.73 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 12.67 | 10.76 | 10.92 | 10.68 | 11.38 |
| Net Margin
| 12.12 | 8.01 | 8.88 | 8.66 | 9.01 |
| Return on equity
| 11.50 | 12.17 | 12.18 | 11.73 | 13.06 |
| Return on Capital
| 14.82 | 15.28 | -- | 14.83 | 16.74 |
| Return on Assets
| 9.18 | 7.18 | 8.61 | 8.04 | 8.41 |
| Debt to Equity (x)
| -- | -- | 0.02 | 0.05 | 0.08 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
14.83
|
16.74
|
18.47
|
15.59
|
|
Peer Median
|
--
|
15.81
|
15.61
|
13.61
|
--
|
ROE
12.18
Lower than Peers by 0.78
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
12.18
|
11.73
|
13.06
|
14.39
|
13.82
|
|
Peer Median
|
12.96
|
14.59
|
13.21
|
11.57
|
--
|
ROA
8.61
Higher than Peers by 0.55
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
8.61
|
8.04
|
8.41
|
8.11
|
7.21
|
|
Peer Median
|
8.06
|
7.16
|
7.45
|
5.86
|
--
|
EBIT Margin
10.92
Higher than Peers by 2.02
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
10.92
|
10.68
|
11.38
|
11.87
|
10.01
|
|
Peer Median
|
8.90
|
7.73
|
8.29
|
7.65
|
--
|
Net Margin
8.88
Higher than Peers by 2.02
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
8.88
|
8.66
|
9.01
|
8.52
|
8.07
|
|
Peer Median
|
6.87
|
6.03
|
5.48
|
5.49
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
12.56
|
12.84
|
12.07
|
11.51
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
12.44
Higher than Peers by 1.53
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
12.44
|
4.94
|
-3.41
|
6.02
|
29.39
|
|
Peer Median
|
10.91
|
8.42
|
10.36
|
23.44
|
--
|
EBIT Growth
13.88
Higher than Peers by 0.85
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
13.88
|
-1.52
|
-7.42
|
25.80
|
31.03
|
|
Peer Median
|
13.03
|
9.79
|
21.29
|
35.22
|
--
|
Net Profit Growth
15.57
Lower than Peers by 0.01
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
15.57
|
0.32
|
2.84
|
12.13
|
79.72
|
|
Peer Median
|
15.58
|
10.20
|
23.67
|
43.04
|
--
|
EPS Growth
15.35
Higher than Peers by 3.32
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
15.35
|
0.08
|
-26.45
|
926.20
|
-134.64
|
|
Peer Median
|
12.02
|
7.36
|
24.40
|
33.33
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
13.42
|
9.83
|
17.46
|
-1.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.02
Lower than Peers by 0.02
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
0.02
|
0.05
|
0.08
|
0.13
|
0.18
|
|
Peer Median
|
0.04
|
0.26
|
0.26
|
0.25
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
0.03
|
0.02
|
0.12
|
0.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.38
Lower than Peers by 0.24
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
1.38
|
1.50
|
1.58
|
1.01
|
0.87
|
|
Peer Median
|
1.62
|
1.59
|
1.48
|
1.52
|
--
|
Quick Ratio
0.95
Lower than Peers by 0.18
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
0.95
|
1.05
|
1.08
|
0.64
|
0.51
|
|
Peer Median
|
1.13
|
1.04
|
1.13
|
0.94
|
--
|
Interest Coverage
38.92
Higher than Peers by 27.76
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
38.92
|
41.78
|
14.98
|
11.02
|
42.89
|
|
Peer Median
|
11.16
|
10.10
|
10.02
|
9.79
|
--
|
Operating Efficiency
Debtors to sales
13.08
Lower than Peers by 3.87
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
13.08
|
6.47
|
7.00
|
6.82
|
9.83
|
|
Peer Median
|
16.94
|
16.86
|
16.57
|
18.44
|
--
|
Asset Turnover
0.96
Lower than Peers by 0.12
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
0.96
|
0.92
|
0.92
|
0.94
|
0.89
|
|
Peer Median
|
1.07
|
1.08
|
1.19
|
1.31
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
23.98
|
25.66
|
29.38
|
31.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
43.08
|
45.88
|
46.67
|
53.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
125.08
|
129.84
|
143.87
|
149.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
--
|
-58.02
|
-58.30
|
-67.82
|
-63.96
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
15.37
Lower than Peers by 17.66
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
15.37
|
19.47
|
21.55
|
15.87
|
--
|
|
Peer Median
|
33.03
|
35.90
|
28.93
|
22.75
|
--
|
Price / Book Value
1.80
Lower than Peers by 2.07
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
1.80
|
2.16
|
2.71
|
2.98
|
2.56
|
|
Peer Median
|
3.87
|
4.22
|
3.86
|
2.58
|
--
|
Dividend Yield
1.85
Higher than Peers by 1.40
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
1.85
|
1.65
|
1.49
|
1.06
|
0.73
|
|
Peer Median
|
0.46
|
0.40
|
0.39
|
0.51
|
--
|
EV/EBITDA
8.98
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
8.98
|
11.11
|
12.10
|
12.23
|
11.28
|
|
Peer Median
|
--
|
27.05
|
27.47
|
21.65
|
--
|
Market Cap
14,340
Higher than Peers by 10,855
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Mahindra Automotive
|
14,340
|
16,128
|
17,832
|
17,854
|
13,043
|
|
Peer Median
|
3,485
|
2,754
|
2,072
|
1,529
|
--
|