Mahindra & Mahindra (LSE:MHID) ROCE %: 18.50% (As of Mar. 2026)


LSE:MHID Mahindra & Mahindra Ltd LSE:MHID
72 GF Score
Price $33.30
GF Value $39.79
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Mahindra & Mahindra ROCE %?

Mahindra & Mahindra LSE:MHID +0.76% 72 ROCE % is 18.50% as of Mar. 2026. GuruFocus rates LSE:MHID with a GF Score™ of 72/100 and a GF Value™ of $39.79 (Modestly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mahindra & Mahindra's annualized ROCE % for the quarter that ended in Mar. 2026 was 18.50%.

Mahindra & Mahindra  (LSE:MHID) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mahindra & Mahindra ROCE % Related Terms

Mahindra & Mahindra ROCE % Historical Data

* Premium members only.

The historical data trend for Mahindra & Mahindra's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mahindra & Mahindra ROCE % Chart

Mahindra & Mahindra Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.99 15.05 15.68 15.88 17.28

Mahindra & Mahindra Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.00 17.38 17.41 18.23 18.50
LSE:MHID
72GF Score
Mahindra & Mahindra Ltd LSE:MHID
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahindra & Mahindra ROCE % Calculation

Mahindra & Mahindra's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=3746.637/( ( (32082.961 - 10439.268) + (34221.159 - 12508.168) )/ 2 )
=3746.637/( (21643.693+21712.991)/ 2 )
=3746.637/21678.342
=17.28 %

Mahindra & Mahindra's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4017.068/( ( (0 - 0) + (34221.159 - 12508.168) )/ 1 )
=4017.068/( ( 0 + 21712.991 )/ 1 )
=4017.068/21712.991
=18.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 18.50% mean?
Mahindra & Mahindra (LSE:MHID) has a ROCE % of 18.50% as of Mar. 2026.
Is Mahindra & Mahindra's ROCE % too high?
Mahindra & Mahindra's current ROCE % is 18.50%. The Vehicles & Parts industry median ROCE % is 7.94. Mahindra & Mahindra's value of 18.50% is 133% above this industry median. Overall, Mahindra & Mahindra has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mahindra & Mahindra's ROCE % compare to TSLA and GM?
Mahindra & Mahindra's ROCE % of 18.50% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Mahindra & Mahindra's value of 18.50% is 133% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mahindra & Mahindra's current ROCE % of 18.50% is 133% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahindra & Mahindra's current ROCE % is 18.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra & Mahindra stock overvalued right now?
Based on GuruFocus' analysis, Mahindra & Mahindra (LSE:MHID) is currently considered Modestly Undervalued. The stock's GF Value™ is $39.79, compared to a current price of $33.30 — trading 16.3% below its estimated fair value. The current ROCE % is 18.50% and 133% above the Vehicles & Parts industry median of 7.94. Mahindra & Mahindra's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Mahindra & Mahindra (LSE:MHID), the current ROCE % is 18.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mahindra & Mahindra (LSE:MHID) Overvalued in 2026?

Based on GuruFocus' analysis, Mahindra & Mahindra stock appears to be undervalued. The current stock price of $33.30 is trading 16.3% below its estimated GF Value™ of $39.79. GuruFocus considers Mahindra & Mahindra to be Modestly Undervalued.

Key valuation signals for LSE:MHID:

  • ROCE %: 18.50%
  • GF Value™: $39.79 vs. price of $33.30 (16.3% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 133% above the Vehicles & Parts median

No single metric tells the full story. See the LSE:MHID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mahindra & Mahindra Business Description

Address Dr. G. M. Bhosale Marg, Mahindra Towers, 2nd Floor, Worli, Mumbai, MH, IND, 400018
Mahindra & Mahindra Ltd is a holding company. The company's segment includes Automotive; Farm Equipment and Services. It generates maximum revenue from the Automotive segment. The Automotive segment comprises the sale of automobiles, spares, mobility solutions, construction equipment, and related services. Geographically, it derives a majority of its revenue from India.
72GF Score

Get the complete analysis for LSE:MHID

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$33.30
Price
$39.79
GF Value