Mahindra & Mahindra Limited does not currently pay a regular dividend.
| Fiscal Year | Dividends Paid | Payout Ratio | YoY Change |
|---|---|---|---|
| 2025 | $23.49B | 18.2% | +29.7% |
| 2024 | $18.11B | 16.1% | +40.9% |
| 2023 | $12.85B | 12.5% | +31.0% |
| 2022 | $9.80B | 14.9% | +270.9% |
| 2021 | $2.64B | 14.6% | -76.7% |
| 2020 | $11.35B | 893.5% | +21.1% |
| 2019 | $9.37B | 17.6% | +10.8% |
| 2018 | $8.46B | 11.3% | -9.6% |
| 2017 | $9.36B | 25.3% | -12.4% |
| 2016 | $10.68B | 33.9% | -11.0% |
| 2015 | $12.00B | 38.2% | +9.6% |
| 2014 | $10.94B | 23.4% | — |