HccoUNTANCY

BOTECT
NaME-50mridhi Gondh:
CLASS XI1-0
RoLL No.-26631997
HccountarcY
 NAME
SAMRIDHI GANDHI
CLASS
XI-C

BOAAD RoLL NO.

2663199

SessION
2022-23
CERTTFTCBTE
thak SAHRIDHI GANDHI
oh Xil-C oh Houy CHILD SR. 5ec. 5cnooL

has compleke d her profect on

Pcantanuy under my supervision.

She has taken propt care

aud shown utmost sincety in

Comylcing this project.

SiGNATURE
Lcknoledpment
T would like to Convey my
thanks to Ms. HsHIMA
heartist
coho
JAcHDEVA, my acCounts beacher
me
valuable Suqgeshons aud
aloys gaue
this proje.
guidaue duning complebbion o
She has been a Source % inspiabon and helbed

me to unders and the imporance this prject,

My projct thas been a su Ccess only because o

her quid auce aud motivahon.
SPECIFIO:I
* fatio
ralysie
o Nac OF Tie Peosccr
out aud
oueel putomaue oh Mahiudn Itd.

o. PcAIop OF SruDy
fuded 3 Marh 202 2 and 3i Morch 202
Yeou

0 SouRCs MereRI9L maliuda.cu (wcbit)

Douwnloaded

a) Rabo auayis
6) Compouatie aualysis

PRocESSING O DaTA
O5.

AHCINDRALD.
 (OMANY
OVERVw
AN) ANAIYU
AOUNTS

Consolidated Balanca Sheet. sot 31 Marct, 2022

Aupees rores
ASSETS Note 2022 2021
NON-CURRENT ASSETS
Property, plant and equipment
Capital work-in progress 21,902.26
Goodwill 17611.65
Other intang1ble assets 3,036.10 4A11 64
1,340 A0 1,304 90
Intangible assets under
development 2,775.83 2,463 13
investments accounted sing equity method 3,666.71 3,394 97
Financial assets 13,149.70 12,256.22
()
(1)
Investments.
Trade receivables 9 6,060.85 6,489.62
(ü) 10 309 43
Loans.....
(iv) Other financial assets 11 38,849.40
366.16
38412.6A
Deferred tax assets (net) 12 2,205.65 1.610.42
Income tax assets (net). 13 1,724.31 1,717.32
Other non-current assets. 1,604.24 1,887 47
14 2,338.92 2,332.44
CURRENT ASSETS 98,964.80 94,324.58
Inventories
Financial assets 15 11,595.82 9,615.41
Investments.
(1) Trade receivables 10,849.88 10.031.82
(üi) Cash and cash equivalents. 10 6,373.95 6,007.76
(iv) Bank balances other than cash and 3,487.59 3,374.59
cash equivalents 16
(v) Loans 7,630.02 9.477.40
(vi) Other financial assets 11 29,242.26 29.080.23
Other current assets 12 1,998.95 1,470.72
3,969.53 3,079.98
TOTAL ASSETS 75,148.00 72,137.91
EQUITY AND LIABILITIES 1,74,112.80 1,66,462.49
EQUITY
Equity share capital
17 556.06 555.15
Other equity 46,566.58 41,026.77
Equity attributable to owners of the company 47.122.64
Non-controlling interests. 41,581.92
9,702.62 9,070.31
56,825.26 50,652.23
LIABILITIES
NON-CURRENT LIABILITIES
Financial liabilities
(ia)
(ib) Borrowings.....
Lease liabilities.
19 48,625.06
2,432.55
52,778.37
2,128.19
(1) Trade payables
Total outstanding dues of creditors other than micro enterprises and small enterprises 20 1.55 1,44
(ii) Other financial liabilities 21 1,406.04 1,595.21
Provisions. 22 1,497.99 1,600.88
Deferred tax liabilities (net). 1,786.10 1,494.16
Other non-current liabilities 23 5,249.92 4,766.00
60,999.21 64,364.25
CURRENT LIABILITIES
Financial liabilities
(ia) Borrowings 19 26,042.12 25,180.00
(ib) Lease liabilities. 505.48 538.27
(ii) Trade payables
(a) Total outstanding dues of micro enterprises and small enterprises..... 195.51 151.58
(b) Totaloutstanding dues of creditors other than micro enterprises and small enterprises. 18,841.04 15,354.21
(ii) Other financial liabilities 4,422.25 4,841.72
Other current liabilities. 23 4,921.72 3,867.07
968.19
Provisions..........*****
Current tax liabilities (net). 392.02
1,074.34
438.82
56,288.33 51,446.01
TOTAL EOUITY AND LIABILITIES. 1,74,112.80 1,66,462.49
The accompanying notes 1 to 48 are an integral part of the Consolidated Financial Statements
In terms of our report attached. For Mahindra & Mahindra Limited

For B S R & Co. LLP Vikram Singh Mehta Anand G. Mahindra Chairman
Chartered Accountants
Vishakha N. Desai
T. N. Manoharan
Anish Shah Managing Director and CEO
Firm's Registration No: 101248WW-100022 Haigreve Khaitan Rajesh Jejurikar Executive Director (Automotive and Farm Sectors)
Shikha Sharma Directors
Jamil Khatri
Partner
Nisaba Godrej Manoj Bhat Group Chief Financial Officer
Membership No : 102527 Muthiah Murugappan Narayan Shankar Company Secretary
Vijay Kumar Sharma
Mumbai, 28th May, 2022 CP Gurmani Mumbai, 28h May, 2022
 293

Consolidated Statement of Profit and Loss | tor the yer mded 31 Marh, 2122 Rupees crores

Note 2022 2021

INCOME
24 90.170.51 14,211 18
Revenue from operations
934.51 1,033.11
Other ncome
91,105 02 75,310 29
Total Income
EXPENSES
46,265 A2 32,797 56
Cost of materials consumed
6,399.37 S473.64
Purchases of stock-in-trade (261.66) 135.9
27
Changes in inventories of finished goods, stock-in -trade and work-in-progress
28 8,386.74 7,813.26
Employee benefits expense 5.018.05 6,102.22
29
Finance costs 3,378.11
30 3.507.50
Depreciation, amortisation and impairment expense
31 15,452.96 14,541.92
Other expenses 70,242 30
84,168.44
155.17 160.74
Less: Amounts capitalised
B4.013.27 70,081.56
Total Expenses S.229.33
7,091.81
Profit Before Exceptional ltems and Tax
32 414.17 (1,158.26)
Exceptional items (net).
1,855.79 1,276.56
Share of profit of associates and joint ventures, (net)
9,361.77 5,347.73
Profit Before Tax
13
Tax Expense
(1,868.10) (2,014.89)
Current tax
(240.66) 369.08
Deferred tax
7,253.01 3,701.92
Profit/(loss) for the year from continuingoperations
(2,189.53)
Profit/(loss) before tax from discontinued operations
Tax expense of discontinued operations
49 (2,189.53)
Profit/(loss) after tax from discontinued operations
7.253.01 1,512.39
Profit/(loss) after tax from continuing and discontinued operations
Other Comprehensive Income/(Loss)
A. Items that will not be reclassified to profit or loss
(a) Remeasurements of the defined benefit plans 141.12 (66.59)
(b) Equity instruments through other comprehensive income (75.83) 76.56

(c) Share of other comprehensive income/(loss) of equity accounted investees 9.97 52.12
(36.22) 23.05
(i1) Income tax relating to items that will not be reclassified to profit or loss
R () Items that will be reclassified to profit or loss
(20.60)
(a) Exchange differences in translating the financial statements of foreign operations (287.33)
(b) Debt instruments through other comprehensive income (1.18) (93.75)

(c) Effective portion of gains/(losses) on designated portion of hedging instruments in a cash flow hedge (10.01)
14.82

(d) Share of other comprehensive income/(loss) of equity accounted investees 136.25 (20.92)
or loss (13.07) 45.06
(i) Income tax relating to items that will be reclassified to profit
Other comprehensive income/(loss) from discontinued operations (net of tax)
79.94

Total Other Comprehensive Income/(Loss). (111.47) 64.86

7,141.54 1,577.25
Total Comprehensive Income/(Loss) for the year.....
Profi/(Loss) from continuing operations for the year attributable to:
6.577.32 3.347.41
Owners of the company
675.69 354.51
Non-controlling interests
7,253.01 3,701.92
Profit/(Loss) from discontinued operations for the year attributable to:
Owners of the company (1,534.92)
Non-controlling interests (654.61)
(2,189.53)
Profit/(Loss) from continuing and discontinued operations for the year attributable to:
Owners of the company 6,577.32 1,812.49
Non-controlling iterests 675.69 (300.10)
7,253.01 1,512.39
 COÁANY rANC)ALOEr
GOMAA ArcrjthrTS

Consolidated Stetement, of Profit and LOS8 fr the year nded 31 March, 2022 (cortl )
Rupees rores

Note 2022 2021

Other Comprehenstve Income/(Loss) for the year attributable to:
OwneN of the compy (34.79)
Non-controlling interests (16.68) (15.50)
(111 47) 64 25
Total Comprehensive Income/(Loss) for the year attributable to:
Owners of the company 6432.53 1292 25
Non-controlling interests 659.01 (315.60)
7,141.54 1,577 25
Earnings per equity share (for continuing operations) 33
(Face value Rs. 5/- per share) (Rupees)
Basic... 59.20 30.17
Diluted. 58.83 29.92
Earnings per equity share (for discontinued operations) 33
(Face value Rs. 5/- per share) (Rupees)
asic (13.84)
Diluted |
(13.77)
Earnings per equity share (for continuing and discontinued operations) B3
(Face value Rs. S/- per share) (Rupees)
Basic 59.20 16.33
Diluted 58.83 16.15

The accompanying notes 1to 48 are an integral part of the Consolidated Finanial Statements
In terms of our report attached. For Mahindra & Mahindra Limited
For BSR& Co. LLP Vikram Singh Mehta Anand G. Mahindra Chairman
Chartered Accountants Vishakha N. Desai
T.N. Manoharan Anish Shah Managing Director and CEO
Firm's Registration No : 101248WW-100022
Haigreve Khaitan Rajesh Jejurikar Executive Director (Automotive and Farm Sectors)
Jamil Khatri Shikha Sharma Directors
Partner Nisaba Godrej Manoj Bhat Group Chief Financial officer
Membership No: 102527 Muthiah Murugappan Narayan Shankar
Vijay Kumar Sharma Company Secretary
Mumbai, 28th May, 2022 CP Gurnani
Mumbai, 28th May, 2022
 RATto
ANALYSIS
MeANING
with

accoun hns yahos femccd a 'Raho Analysit '

is femed

O1. uguDITy RaTIOs

abilihy oboh the

These atios ahow the abiih uteprise to
met ib short ferm

02. HcTIVITY RATIOS

hese Aahos shew Aos tetiiy a compau
HeJOUrccs
osing
03. SouveNcy ReTIoS
aue cldate d to Qsses fem
These atios
fiuauval posi tion o the tprist.
04. PROFITAguTy RATI 0^

Probjilabilihy a tim he mtajurtd by

Probiabilih Raies,
 LIQULDTTJ
yahios which Computd
aue
liquidity aios those

to evaluate the oh the euhty to met itt

short tem Jiabllis,

a) unent Ratio
It esbbishes the elationship behween cument asseh
ud Cument iabiliies

Jomuda ! unt Asek

Cument liabilihies

b) Quick Ratio
the
t is
Jiqvidthy uaio cohich measures

abilily oh eutupnse fo meet ib short tem obligahons.

Jomla i ipuid Asebs
Aumat liabiliha
CuRRCNT RarIo
Aunent Maho eshblishes a uelaion ship behween
Cumnt aset aud cument Jiabilihes

Jomula i: uent Aseh

Kumnt lia bilihs
Year endig 2021 72137 91
SI446-01

J33 :1
2022 - 7 5 148 00
Year endiug 562883

Lsop BarI0
liguid saho measores the abiliky o uterpise to
met ib short tem obligahions
Jomulailiquid Assch
ument iabilihes

Yeor tdiug 2021 : 62S22·S

S744601

Year eudig 2022 - 63532 18

SB2883
L2 1
 Lrsorprny
arios

Caded
Years

2024

YAns
CantRaho
-
lo

ConPawyRanos '%
The
ANALYSTS
OBSERVRTION
depudit
whucas, wpon HND
LocaL
Batio
acep
yencald iy
The shoul

be

Lncacase
IDeCshaowEASE
To
comp
Years uy'i
ided
current
ble tatwAplrd
ice
the
uent
-0.70
Rabo 2022
2021

sahos diqid sand

Gouid the avolMiskue akod.
urent ard
yaio variobilika. aho
yahio in(rease |33:) |:40:1
CORRENT
ica
is
beom 2i1
by 1:1
-0:90
1:12
1:33 a |-2):1
dustny
i
1-2:) urent
to
to BaseYeaT asch
--5:26
ierene dur

x
10
 SOLYENCY
buyiness is in
meaua that the

ib
pasihon to meet ib Jong tem inanial
tem diabilifies.
obigaions i long tem
a) Debt to Raio
. tem debli
I shouws uclaionybip behoeen Jong
aud tomula-
uity Debt

b) Tobl Asset to Debt Raio

Shoas the elaion behween dong tem debh ad
tobl assels yommulo ol Asseb
Debt

Raho
Proprday
It eshblisheo the uelation behween poprithor fud aud
tobl asseh Jomala i Bsprtorihud
Tobl Asseb

Debt to Gihl Emplkyed

This uaho eshblahes a uelahonship bebwen dong term
debh aud Capihl twpkytd.omula i ong term debb
Cypial Empleyed
Dbt to cquty aho show tlaionshp behoetn
long tom deblt ud tquntA
Jomulo Debt

log tem bonaing t least financiug t Provisions

bor dong desh
Jebts
Year
cudiug 2021
SDS' 23

Yeor udiug 2022 5253S : 092 !)

St825-2

ToTAL H5sers To Degr Paro

t shows the uelaion betwen long tem debt aud tobl asseb.
omuda i- Total aueb
Debt

Yeor cudig 2021 166462-42

56507-44

Year udiug 2022 17902 80

Deer 6 (apyTRL CrnoveD
his abe abblit ha, a Melaionship behuten Jong
tem debh ad Capihl euployed.
dormala Jong fem debts
Capilbl Enpleyed
56s07-44
Yeor eudi 202 to715967

048:)
Yer ondiug 2022

1o 937991

PROPA IE TARy RaTIo

Proprictori hud
It esbblishes the ulahon behween
aud tohl asets.

Tob) Assets

Year 2021 S0652:23.

l61962-49

56825. 26 0-32 )
2022
Year udig I7412 80
 UBSEAYATON

1021
2011
Ytar
3131

2 Lsnse|Decrgbt
Bost Year

shou a
Debt to
Maliudn Ih ned fo upupron
20)2 oh 20-65 Aycb to Debt shouss ao
saho. al
AYeorn uded Debt to durtase
Rahc shoul au

year 2032,

tm
 PAOFTABILTY business is measored
the

busines.

o) Net Prolit Raio

It dicats the outrall hiueny o the buincs
Highew th net proit saho, belte the buineH.

b) Rehum on Ihues meut

Also called weum on Copial employed , ot asgure
the oucrall perjomonie o the eterpris t, I nMeauurta,
au asSCsG hou edt'cienty the uourc ea ecukd
to the busincss

Objccivt Ihe main objecive ob conmpubiy thae wahos

Aud
 Ner Roeit Baro
Nek Projit syaho udtcatu the ouerall
the business. Highe te nt pro7it stabo, betteu the
bujiness.
yomtula i Net Prokit afteu ax.
Revenue fuom opekabons
Year 202) 7614:61 x100 J0-11.
74277: 78
2231-0& l00 l3-60
Year cudiug 20)2

Berukn On InvsTMENT lac1)

Tt asses ses the oucrall perhormanct o, the eutoxpriie It
measors how efiuently the ucsoUres bsted to
the business yed

tomula Prolit behox interat, az aud doideud

Emplayed
Year 2021 5347-73 X loo y-99
10 71S9: 67

Yeor cudiy 2022- 9361-77 X J00

|09379-9t
 Fooriun
Peres

business. GonneNT
canwe
oFINAL Kelurn Poßt
RatioNl
Inveabwot
NALYSISND
Gomrasy
RATIO 's
Rebnon trolylNet Componylhe

Yeor >

condude business.
Als
the

siahos Tovestwent
on Raho UBSEAVATION
vabos
s

these
Hiqhor is ant
that rabos 4-99% 2021
an
36:
we thesindicator
Me
have yatos
ob 2012
improvemunt overall
,
bettur

the oeny
in
 ÖRNONER 'Pesfermantt
Pchv Rabos, ale teed
Bhow wth he
Temoueu satics
hawe been the tutrpri.

Cerkg Capibl Tomovtu Rabc

This uaho shows the nube dh tiu cuoyiy (ap
En the
has been eployed u the proces b comyiy
bosines. fomula !

b) fixed Asct Tomeven Kaho

his uaho is ob pavtiular impor ance in ntauhachmy Conctms

cwhen uves heut is assek is guite high.

fomula
Net fined Qset

Net Aseh TomovcH Rabo

Thi Hab'o Heveals Net Aieh

(apial euploycd has ben utied ReO

tomala i Reunue hrea apesaioa,

Net Asses
 WoRKNG ap T TovoveR Baro
Ihis dhous tht number oh im warkiug copibl
aho
On
hos been employ cd tht process o comy
buiness
(apial
2021 - 74227-78 : 3578 fimco
20691-?

478 hime
Yeor audig 20)2

188 s961

Fxep Assers ToeNoveR Rario

This sabo is o pariadaruporbnce
whue the avestncwt in fixed asch is
tormua Keuenuc hren 9peakon
Net Fined Asck

Yeay eded 2021 7Y272:78 :0-78 hinea

9432v58

Yeay eud ed 2022 9o120-S

989Cy-80
Ner sseT5 ToaNoveR Pano
This Matio eUcals ho tioeuty Net ays eh or capia)
euploycd have been uhlised RrO
rmaiy
tomula - Reuenu bom opeHahon)
Wet Asset

Yeor cudiy 202) 74277- 7

lo7S67
O69 hme)

yeor udig 2022 90170 S7 o82 6ms

log379 91