National Film Awards
* 1989 : Special Jury Award - Kireedam* 1991 : Best Actor - Bharatham
* 1999 : Best Actor - Vanaprastham
* 1999 : Best Film (as Producer) - Vanaprastham
National Award Nominations (highest by any actor in Indian Cinema)
* 1986 : Best Actor - T .P. Balagopalan M.A.
* 1988 : Best Actor - Padamudra
* 1989 : Best Actor - Kireedam (won Special Jury Award)
* 1991 : Best Actor - Bharatham (won)
* 1995 : Best Actor - Kalapani
* 1997 : Best Actor - Iruvar
* 1999 : Best Actor - Vanaprastham (won)
* 2005 : Best Actor - Thanmathra
* 2007 : Best Actor - Paradesi
Other Awards
* 1999 : Prem Nazir Award
* 2000 : Mother Teresa Award
* 2000 : M. G. Soman Award
* 2001 : Natana Ratna Award - Film Critics
* 2001 : First Most Popular Actor Award
* 2002 : Film Express Award (Karnataka State Government)
* 2003 : Chalachitra Ratna Award
* 2004 : Indian Medical Association Award
* 2005 : Kala Keralam Award
* 2005 : J. C. Foundation Award
* 2005 : National Film Academy Award
* 2005 : Popular Actor - Film Critics Award
* 2006 & 2008 : Amrita TV Best Actor
* 2006 : Jeevan TV Best Actor
* 2006 : Akashavani Best Actor
* 2006 : Mathrubhumi Excellent Actor
* 2006 : Most Popular Keralite by a survey conducted by CNN IBN related to the Silver Jubilee of Kerala formation.
* 2007 : JaiHind TV Best Actor
* 2008 : Annual Malayalam Movie Awards(Dubai) - Best Actor
* 2008 : KPCC Panampilli Prathibha Award
* 2008 : Pazhassi Raja Abhinaya Shreshta Award
* 2009 : People of the Year Award with other 19 legends from different fields - Limca Book of Records
Kerala State Film Awards
* 1986 : Best Actor - T .P. Balagopalan M.A.
* 1988 : Special Jury Award - Padha Mudhra, Chithram, Utsavappittennu, Aryan, Vellanakalude Nadu
* 1991 : Best Actor - Abhimanyu, Kilukkam, Ulladakkam
* 1991 : Producer of second best film (Bharatham)
* 1995 : Best Actor - Kalapani, Spadikam
* 1995 : Producer of second best film (Kalapani)
* 1999 : Best Actor - Vanaprastham
* 2005 : Best Actor - Thanmatra
* 2007 : Best Actor - Paradesi
Film-fare Awards South
*1986 : Best Actor - Sanmanassullavarkku Samadhanam
*1988 : Best Actor - Padamudra
*1993 : Best Actor - Devaasuram
*1994 : Best Actor - Pavithram
*1995 : Best Actor - Spadikam
*1999 : Best Actor - Vanaprastham
*2005 : Best Actor - Thanmathra
*2007 : Best Actor - Paradesi
*2009 : Special Jury Award - Bhramaram
International Indian Film Academy Awards
*2002 : Best Supporting Actor - Company (Hindi)
*2002 : Best Supporting Actor - Company (Hindi)
Star Screen Awards
*2002 : Best Supporting Actor - Company (Hindi)
Screen-Videocon Awards South
*1997 : Best Actor - Aaraam Thampuran, Oru Yathramozhi, Guru, Chandralekha.
South Indian International Movie Awards
*2012 : Best Actor - Pranayam
*2013 : Best Actor - Spirit
Asianet Film Awards
*2003 : Best Actor - Balettan
*2005 : Best Actor - Thanmathra, Udayananu Tharam
*2006 : Best Actor - Keerthichakra
*2007 : Most Popular Actor - Hallo, Chotta Mumbai
*2008 : Best Actor - Madampi
*2009 : Best Actor - Bhramaram, Evidam Swargamanu
*2010 : Golden Star Award - Nearly More than 300 Films Overall Contribution to Indian Cinema
*2011 : Best Actor - Pranayam, Snehaveedu
*2012 : Best Actor - Spirit, Grandmaster, Run Babby Run
*2003 : Best Actor - Balettan
*2005 : Best Actor - Thanmathra, Udayananu Tharam
*2006 : Best Actor - Keerthichakra
*2007 : Most Popular Actor - Hallo, Chotta Mumbai
*2008 : Best Actor - Madampi
*2009 : Best Actor - Bhramaram, Evidam Swargamanu
*2010 : Golden Star Award - Nearly More than 300 Films Overall Contribution to Indian Cinema
*2011 : Best Actor - Pranayam, Snehaveedu
*2012 : Best Actor - Spirit, Grandmaster, Run Babby Run
AsiaVision Amma Malayalam Movie Awards (Dubai)
*2008 : Best Actor - Innathe Chintha Vishayam, Madampi, Kurukshetra, Pakal Nakshatrangal, Twenty:20
*2009 : Best Actor - Bhramaram
*2012 : Best Actor - Spirit
*2012 : New Sensation in Singing - Male - Run Baby Run
*2008 : Best Actor - Innathe Chintha Vishayam, Madampi, Kurukshetra, Pakal Nakshatrangal, Twenty:20
*2009 : Best Actor - Bhramaram
*2012 : Best Actor - Spirit
*2012 : New Sensation in Singing - Male - Run Baby Run
Asiavison Tv Awards (Dubai)
*2012 : Most Influential Malayali
*2012 : Most Influential Malayali
Kerala Film Critics Awards
*1988 : Best Actor - Padamudra, Chithram.
*1991 : Best Actor - Bharatham, Ulladakkam.
*1999 : Best Actor - Vanaprastham
*2001 : Natana Ratna Award Contribution to Malayalam Cinema
*2005 : Most Popular Actor - Naran, Thanmathra.
*2007 : Best Actor - Paradesi
*2008 : Best Actor - Kurukshetra, Pakal Nakshatrangal, Aakashagopuram.
*2011 : Best Actor - Pranayam
*1988 : Best Actor - Padamudra, Chithram.
*1991 : Best Actor - Bharatham, Ulladakkam.
*1999 : Best Actor - Vanaprastham
*2001 : Natana Ratna Award Contribution to Malayalam Cinema
*2005 : Most Popular Actor - Naran, Thanmathra.
*2007 : Best Actor - Paradesi
*2008 : Best Actor - Kurukshetra, Pakal Nakshatrangal, Aakashagopuram.
*2011 : Best Actor - Pranayam
Vanitha Film Awards
*2003 : Best Actor - Balettan
*2005 : Best Actor - Thanmathra
*2007 : Most Popular Actor - Hallo, Chotta Mumbai
*2008 : Best Actor - Madampi, Aakashagopuram, Twenty:20
*2009 : Most Popular Actor - Bhramaram, Evidam Swargamanu
*2011 : Best Actor - Pranayam
Mathrubhumi Film Awards
*1999 : Best Actor - Vanaprastham
*2003 : Best Actor - Balettan
*2005 : Best Actor - Thanmathra
*2006 : Exlance of the Year - Vadakkumnathan
*2008 : Best Actor Aakashagopuram, Kurukshetra, Pakal Nakshatrangal
*2011 : Best Actor - Pranayam
Amrita TV Film Awards
*2006 : Best Actor - Keerthi Chakra
*2010 : Abhinaya Keerthi Award
*2011 : Best Actor - Pranayam
*2012 : Best Actor - Spirit
Jaihind TV Film Awards
*2007 : Best Actor - Paradesi
*2010 : Chalachithra Ratna Award
*2011 : Best Actor - Pranayam
Kerala Film Audience Council Awards
*2003 : Best Actor - Balettan
*2004 : Best Actor - Vismayathumbathu, Maampazhakkaalam
*2005 : Best Actor - Thanmathra
*2007 : Best Actor - Paradesi
Other awards and recognitions
*1971 : Youth Festival of Government Model Boys Higher Secondary School for Best Actor and 'Best Drama' – Computer Boy Malayalam (Drama)
*1985 : Kerala Film Chamber of Commerce for Best Actor - Uyarum Njan Nadake, Rangam
*1985 : Kerala Filmfare Award for Best Actor – Ninnishtam Ennishtam
*1990 : Ujala Award for Best Actor - Thazhvaram, His Highness Abdullah, Lal Salam
*1990 : Kerala Movies Goers Award for Best Actor - Thazhvaram, His Highness Abdullah, Lal Salam
*1992 : Kerala Film Journalists Award for Best Actor - Sadayam
*1993 : Kerala Film Journalists Award for Best Actor - Devaasuram
*1997 : Guru, was chosen as India's official entry to the Oscars to be considered for nomination in the Best Foreign Film
*1999 : Prem Nazir Award
*2000 : Millennium Actor Award by Malabar Film Chamber of Commerce
*2000 : National Film Academy Award for Best Actor – Narasimham, Life Is Beautiful
*2000 : Mother Teresa Award
*2000 : M. G. Soman Award
*2001 : Natana Ratna Award – Film Critics
*2003 : Nominated – Filmfare Best Supporting Actor Award (Bollywood) for Company
*2003 : Chalachitra Ratna Award
*2005 : Kala Keralam Award – Thanmathra
*2005 : J. C. Foundation Award – Thanmathra
*2005 : National Film Academy Award – Thanmathra
*2005 : Kerala Film Audience Council Award – Thanmathra
*2006 : Jeevan TV Best Actor – Kirtichakra
*2006 : Akashavani Best Actor – Kirtichakra
*2007 : Kerala Film Audience Council Award – Paradesi
*2008 : KPCC Panampilli Prathibha Award
*2008 : Pazhassi Raja Abhinaya Shreshta Award
*2009 : Sree Chithira Thirunal National Award
*2009 : Veer Chakra Award by Raveendran Music Foundation.
*2009 : World Malayali Council – Kairali TV Film Award – Best Actor for Bhramaram and Evidam Swargamanu
*2009 : J. C. Foundation Award – Bhramaram
*2010 : Mohanlal listed as one of the ‘most trusted’ personality in India. According to a survey published in March edition of Reader’s Digest (India).He ranks number 80 on a list of 100 ‘most trusted’ Indians of all categories.
*2010 : Goodwill Ambassador of Kerala Handloom Industry
*2010 : Kalakshetra Award from Mar Ivanios College
*2010 : Thikkurissy Sukumaran Nair Memorial National Award for his contributions to Indian Cinema
*2011 : Ranked top 1 in the popular choice section as the Best Actor of the decade (2001–2010), a survey conducted by HindiFilmNews.com
*2011 : Viewers Choice Award Best Actor - Pranayam
*2011 : Nana Film Award's Special Jury Mention - Pranayam
*2011 : Vygha Media Best of 2011 Awards Best Actor - Pranayam
*2011 : Ramu Kariat Awards Best Actor - Pranayam
*2011 : Big Kerala Awards - Icon Award
*2011 : Kerala Film Producers Association - Surya TV Film Awards Best Actor - Pranayam
*2011 : Reporter TV Film Awards First Edition Best Actor - Pranayam
*2011 : Best Actor Male for his mind-blowing performance in Pranayam by The Kochi Times Film Awards 2011.
*2011 : J. C. Award Best actor for Pranayam
*2012 : Bakkar Foundation Film Award Best actor for Spirit.