Cash flow Mahindra & Mahindra Limited

Equities

M&M

INE101A01026

Auto & Truck Manufacturers

Market Closed - NSE India S.E. Other stock markets 07:40:51 2024-09-18 am EDT			5-day change	1st Jan Change
2,808.20 ^INR	+0.74%		+3.67%	+62.38%

Sep. 16	Indian Equities Hit New Fresh Highs on Monday, Aided by Metal, Energy Stocks	MT
Sep. 16	Mahindra & Mahindra Launches New Light Commercial Vehicle	MT

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Published financial data: MAHINDRA & MAHINDRA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	952B	743B	902B	1,213B	1,226B
Finance Div. Revenues	-	-	-	-	157B
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	-	-	-
Interest And Invest. Income (Rev)	5.3B	4.61B	4.18B	5.28B	7.85B
Other Revenues, Total	2.96B	3.81B	3.56B	4.27B	18.69B
Total Revenues	960B	751B	909B	1,222B	1,409B
Cost of Goods Sold, Total	531B	389B	523B	747B	844B
Gross Profit	429B	363B	387B	475B	565B
Selling General & Admin Expenses, Total	138B	87.65B	97.02B	112B	123B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	49.56B	33.78B	35.03B	43.29B	45.36B
Other Operating Expenses	158B	130B	135B	151B	175B
Other Operating Expenses, Total	345B	251B	267B	306B	343B
Operating Income	84.35B	111B	120B	169B	222B
Interest Expense, Total	-59.38B	-59.9B	-49.15B	-56.99B	-73.34B
Net Interest Expenses	-59.38B	-59.9B	-49.15B	-56.99B	-73.34B
Income (Loss) On Equity Invest.	10.43B	12.77B	18.56B	15.05B	10.89B
Other Non Operating Income (Expenses)	175M	735M	570M	1.22B	1.68B
EBT, Excl. Unusual Items	35.57B	65B	89.52B	128B	162B
Impairment of Goodwill	-6.63B	-1.93B	-	-1.22B	-325M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	912M	55.4M	-	-	-
Asset Writedown	-12.42B	-12.48B	-1.75B	-10.01B	-1.55B
Other Unusual Items	-881M	2.83B	5.84B	23.45B	-
EBT, Incl. Unusual Items	16.55B	53.48B	93.62B	141B	160B
Income Tax Expense	19.76B	16.46B	21.09B	26.86B	37.08B
Earnings From Continuing Operations	-3.21B	37.02B	72.53B	114B	123B
Earnings Of Discontinued Operations	-	-21.9B	-	-	-
Net Income to Company	-3.21B	15.12B	72.53B	114B	123B
Minority Interest	4.48B	3B	-6.76B	-10.93B	-10.01B
Net Income - (IS)	1.27B	18.12B	65.77B	103B	113B
Net Income to Common Incl Extra Items	1.27B	18.12B	65.77B	103B	113B
Net Income to Common Excl. Extra Items	1.27B	40.02B	65.77B	103B	113B
Per Share Items
Net EPS - Basic	1.15	16.34	59.2	92.41	101.14
Basic EPS - Continuing Operations	1.15	36.07	59.2	92.41	101.14
Basic Weighted Average Shares Outstanding	1.1B	1.11B	1.11B	1.11B	1.11B
Net EPS - Diluted	1.04	16.15	58.83	91.96	100.7
Diluted EPS - Continuing Operations	1.04	35.8	58.83	91.96	100.7
Diluted Weighted Average Shares Outstanding	1.11B	1.11B	1.12B	1.12B	1.12B
Normalized Basic EPS	24.19	39.33	44.28	62.3	81.69
Normalized Diluted EPS	24.09	39.15	44.1	62.04	81.36
Dividend Per Share	2.35	8.75	11.55	16.25	21.1
Payout Ratio	893.49	14.58	14.91	12.5	16.07
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	114B	131B	140B	194B	247B
EBITA	84.84B	112B	120B	170B	223B
EBIT	84.35B	111B	120B	169B	222B
EBITDAR	119B	133B	143B	197B	251B
Total Revenues (As Reported)	962B	753B	911B	1,225B	1,413B
Effective Tax Rate - (Ratio)	119.4	30.78	22.53	19.1	23.21
Total Current Taxes	23.14B	20.15B	18.68B	27.42B	35.97B
Total Deferred Taxes	-3.39B	-3.69B	2.41B	-563M	1.11B
Normalized Net Income	26.71B	43.63B	49.2B	69.31B	91.02B
Interest on Long-Term Debt	1.37B	1.34B	1.59B	1.85B	1.98B
Non-Cash Pension Expense	741M	314M	476M	135M	196M
Supplemental Operating Expense Items
Advertising Expense	20.95B	7.19B	10.43B	12.04B	13.12B
Selling and Marketing Expenses	20.95B	7.19B	10.43B	12.04B	13.12B
Research And Development Expense From Footnotes	29.98B	8.68B	9.1B	8.58B	9.53B
Net Rental Expense, Total	4.91B	2.33B	2.72B	3.24B	3.66B
Imputed Operating Lease Interest Expense	3.04B	1.37B	1.35B	1.73B	2.13B
Imputed Operating Lease Depreciation	1.87B	961M	1.37B	1.51B	1.53B
Maintenance & Repair Expenses, Total	8.12B	6.09B	6.42B	7.15B	7.76B
Stock-Based Comp., SG&A Exp. (Total)	2.04B	1.43B	1.08B	1.46B	1.31B
Total Stock-Based Compensation	2.04B	1.43B	1.08B	1.46B	1.31B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	47.45B	33.75B	34.88B	34.93B	45.3B
Short Term Investments	100B	126B	102B	121B	121B
Trading Asset Securities, Total	-	74.59B	90.42B	108B	95.75B
Total Cash And Short Term Investments	148B	234B	227B	265B	262B
Accounts Receivable, Total	69.98B	60.95B	65.24B	71.99B	76.87B
Other Receivables	4.88B	6.92B	8.12B	8.78B	13.43B
Notes Receivable	280B	291B	292B	347B	391B
Total Receivables	355B	359B	366B	428B	481B
Inventory	111B	96.15B	116B	169B	186B
Restricted Cash	425M	336M	318M	442M	388M
Other Current Assets, Total	26.89B	31.5B	42.5B	52.06B	53.23B
Total Current Assets	640B	721B	751B	913B	983B
Gross Property Plant And Equipment	602B	392B	435B	416B	471B
Accumulated Depreciation	-332B	-171B	-185B	-200B	-223B
Net Property Plant And Equipment	270B	221B	249B	216B	249B
Long-term Investments	134B	191B	203B	230B	241B
Goodwill	15.12B	13.05B	13.4B	25.49B	24.48B
Other Intangibles, Total	47.15B	37B	40.85B	32.21B	51.04B
Accounts Receivable Long-Term	5.56B	3.75B	3.14B	2.9B	2.87B
Loans Receivable Long-Term	459B	385B	388B	528B	678B
Deferred Tax Assets Long-Term	12.91B	17.17B	17.24B	16.15B	15.79B
Deferred Charges Long-Term	40.15B	28.12B	30.28B	44.74B	44.92B
Other Long-Term Assets, Total	45.34B	46.67B	43.68B	50.52B	73.67B
Total Assets	1,670B	1,665B	1,741B	2,059B	2,363B
Liabilities
Accounts Payable, Total	150B	155B	190B	238B	257B
Accrued Expenses, Total	30.05B	42.21B	45.18B	53.01B	55.8B
Short-term Borrowings	102B	46.47B	53.7B	90.72B	109B
Current Portion of Long-Term Debt	196B	205B	208B	248B	246B
Current Portion of Leases	4.75B	5.38B	5.05B	5.97B	6.08B
Current Income Taxes Payable	3.01B	4.39B	3.92B	6.16B	5.43B
Unearned Revenue Current, Total	19.03B	19.61B	23.23B	27.49B	36.61B
Other Current Liabilities	35.46B	36.01B	33.78B	36B	39.83B
Total Current Liabilities	540B	514B	563B	706B	755B
Long-Term Debt	500B	528B	488B	556B	701B
Long-Term Leases	22.99B	21.28B	24.33B	28.82B	28.14B
Unearned Revenue Non Current	53.5B	47.66B	52.5B	55.25B	59.46B
Pension & Other Post Retirement Benefits	34.91B	11.88B	10.22B	11.93B	9.65B
Deferred Tax Liability Non Current	15.12B	14.94B	17.86B	16.09B	17.72B
Other Non Current Liabilities	26.84B	20.1B	17.4B	14.62B	16.72B
Total Liabilities	1,193B	1,158B	1,173B	1,388B	1,588B
Common Stock, Total	5.54B	5.55B	5.56B	5.57B	5.57B
Additional Paid In Capital	24.09B	25.35B	26.49B	27.45B	28.25B
Retained Earnings	352B	380B	436B	529B	626B
Comprehensive Income and Other	18.14B	4.86B	2.84B	2.02B	2.29B
Total Common Equity	400B	416B	471B	564B	662B
Minority Interest	76.92B	90.7B	97.03B	107B	113B
Total Equity	477B	507B	568B	671B	775B
Total Liabilities And Equity	1,670B	1,665B	1,741B	2,059B	2,363B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.11B	1.11B	1.11B	1.11B	1.11B
ECS Total Common Shares Outstanding	1.11B	1.11B	1.11B	1.11B	1.11B
Book Value / Share	360.55	374.51	423.71	506.14	593.76
Tangible Book Value	337B	366B	417B	506B	586B
Tangible Book Value Per Share	304.38	329.43	374.93	454.32	526.01
Total Debt	826B	806B	778B	929B	1,090B
Net Debt	678B	572B	551B	665B	828B
Debt Equivalent of Unfunded Proj. Benefit Obligation	27.83B	4.79B	4.52B	4.41B	3.59B
Debt Equivalent Oper. Leases	39.3B	18.62B	21.76B	25.91B	29.28B
Minority Interest, Total (Incl. Fin. Div)	76.92B	90.7B	97.03B	107B	113B
Equity Method Investments, Total	112B	123B	131B	144B	138B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	38.63B	33.57B	44.92B	72.92B	63.38B
Inventories - Work In Process, Total	21.92B	22.17B	21.56B	26.74B	40.18B
Inventories - Finished Goods, Total	48.23B	38.03B	46.69B	65.15B	78.93B
Inventories - Others	2.34B	2.38B	2.79B	3.74B	3.42B
Land - (BS)	39.58B	10.28B	10.92B	12.42B	13.07B
Buildings, Total	94.05B	57.27B	65.32B	67.47B	71.26B
Machinery, Total	407B	241B	283B	270B	296B
Full Time Employees	256K	260K	260K	260K	260K
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	3.63B	4.07B	4.01B	3.48B	4.14B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	1.27B	18.12B	65.77B	103B	113B
Depreciation & Amortization - CF	34.1B	23.82B	25.35B	30.05B	31.02B
Amortization of Goodwill and Intangible Assets - (CF)	493M	336M	356M	443M	559M
Depreciation & Amortization, Total	34.59B	24.16B	25.7B	30.5B	31.58B
Amortization of Deferred Charges, Total - (CF)	14.92B	9.51B	9.32B	12.79B	13.79B
(Gain) Loss From Sale Of Asset	-540M	-110M	391M	-149M	-273M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	252M	110M	48.4M	281M	1.88B
Stock-Based Compensation (CF)	1.74B	1.33B	1.05B	1.4B	1.29B
Net Cash From Discontinued Operations	-	-24.4B	-134M	-	-
Other Operating Activities, Total	2.94B	16.13B	-12.75B	-18.96B	-25.49B
Change In Accounts Receivable	24.15B	-8.91B	-20.45B	-29.04B	-18.9B
Change In Inventories	13.16B	2.26B	-21.73B	-52.52B	-17.53B
Change In Accounts Payable	-67.75B	70.49B	49.72B	70.13B	43.54B
Change in Other Net Operating Assets	-39.25B	57.88B	-4.62B	-188B	-199B
Cash from Operations	-14.51B	167B	92.34B	-70.74B	-56.3B
Capital Expenditure	-68.96B	-59.89B	-60.4B	-63.05B	-99.46B
Sale of Property, Plant, and Equipment	1.02B	13.64B	1.2B	1.38B	2.73B
Cash Acquisitions	-587M	-	-418M	-5.87B	-529M
Divestitures	1.75B	1.78B	57.2M	7.4B	202M
Investment in Marketable and Equity Securities, Total	-11.66B	-147B	14.4B	-43.72B	16.96B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	9.44B	7.47B	12.9B	18.38B	24.12B
Cash from Investing	-69.01B	-184B	-32.26B	-85.47B	-55.98B
Short Term Debt Issued, Total	-	-	-	5.17B	-
Long-Term Debt Issued, Total	526B	381B	539B	556B	613B
Total Debt Issued	526B	381B	539B	561B	613B
Short Term Debt Repaid, Total	-6.28B	-17.33B	-2.85B	-	-3.62B
Long-Term Debt Repaid, Total	-438B	-363B	-575B	-383B	-472B
Total Debt Repaid	-445B	-381B	-578B	-383B	-476B
Issuance of Common Stock	5.3M	5.8M	9.2M	5.3M	5.1M
Issuance of Preferred Stock	-	-	-	4B	16B
Common Dividends Paid	-11.35B	-2.64B	-9.8B	-12.85B	-18.11B
Common & Preferred Stock Dividends Paid	-11.35B	-2.64B	-9.8B	-12.85B	-18.11B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-836M	6.28B	-9.77B	-9.86B	-12.26B
Cash from Financing	69.33B	4.06B	-58.83B	159B	123B
Foreign Exchange Rate Adjustments	250M	140M	-128M	339M	-120M
Miscellaneous Cash Flow Adjustments	-	-	-	-3.53B	-49.7M
Net Change in Cash	-13.94B	-13.7B	1.13B	58.2M	10.37B
Supplemental Items
Cash Interest Paid	7.6B	8.09B	6.8B	7.34B	5.97B
Cash Income Tax Paid (Refund)	22.57B	18.5B	15.6B	27.75B	39.96B
Levered Free Cash Flow	-27.08B	33.15B	22.62B	-7.8B	1.96B
Unlevered Free Cash Flow	10.03B	70.59B

Cash flow Mahindra & Mahindra Limited

Equities

M&amp;M

INE101A01026

Auto & Truck Manufacturers

M&M