The irreversibility of the martensite transition in magnetic shape memory alloys (MSMAs) with respect to the external magnetic field is one of the biggest challenges that limits their application as giant caloric materials. This transition is a magnetostructural transition that is accompanied with a steep drop in magnetization (i.e., M) around the martensite start temperature (M s ) due to the lower magnetization of the martensite phase. In this Rapid Communication, we show that M around M s in Mn-rich Ni-Mn-based MSMAs gets suppressed by two orders of magnitude in crushed powders due to the stabilization of the martensite phase at temperatures well above M s and the austenite finish (A f ) temperatures due to residual stresses. Analysis of the intensities and the FWHM of the x-ray powder-diffraction patterns reveals stabilized martensite phase fractions as 97%, 75%, and 90% with corresponding residual microstrains as 5.4%, 5.6%, and 3% in crushed powders of the three different Mn-rich Ni-Mn alloys, namely, Mn 1.8 Ni 1.8 In 0.4 , Mn 1.75 Ni 1.25 Ga, and Mn 1.9 Ni 1.1 Ga, respectively. Even after annealing at 773 K, the residual stress stabilized martensite phase does not fully revert to the equilibrium cubic austenite phase as the magnetostructural transition is only partially restored with a reduced value of M. Our results have a very significant bearing on the application of such alloys as inverse magnetocaloric and barocaloric materials. Recent years have witnessed a tremendous surge in the study of ferroic and multiferroic materials exhibiting giant caloric effects that can be used in solid-state refrigeration at temperatures close to the ambient conditions as an environmentally friendly substitute to conventional vapor compression refrigeration [1][2][3][4][5]. The Heusler-type Mn-rich Ni-Mn-X (X = Ga, In, Sn, or Sb) magnetic shape memory alloys (MSMAs) have emerged as a potential family of alloys that can exhibit giant barocaloric, elastocaloric, and inverse magnetocaloric (i.e., cooling during magnetization and heating during demagnetization in contrast to normal magnetocaloric materials which heat up on magnetization and cool down by its removal) effects [6][7][8][9][10]. The giant inverse magnetocaloric effects (MCEs) and barocaloric effects (BCEs) in these alloys are linked with a first-order martensitic transition, which is a magnetostructural transition involving change in crystal structure as well as huge drop in magnetization ( M) between the austenite and the martensite phases [11]. This transition involves a large isothermal entropy change ( S iso ) and hence a large adiabatic temperature change ( T ad ) that leads to the caloric effect [8,12]. One of the major limitations of these otherwise potentially promising Heusler alloys is the irreversibility of the martensitic transition as a function of magnetic-field cycles due to the sluggish kinetics of the first-order structural phase transition [8,[13][14][15]. As the MSMAs owe their large inverse MCEs and BCEs due to strong coupling of magnetic an...