Mahindra & Mahindra Financial Services Ltd

M & M Fin. Serv. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahindra & Mahindra Financial Services Ltd

₹ 339 3.24%
08 May - close price
mahindrafinance.com BSE: 532720 NSE: M&MFIN
About

Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group,is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing. [1]

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Website BSE NSE
  • Market Cap ₹ 47,134 Cr.
  • Current Price ₹ 339
  • High / Low ₹ 412 / 243
  • Stock P/E 16.4
  • Book Value ₹ 178
  • Dividend Yield 2.21 %
  • ROCE 8.77 %
  • ROE 12.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 38.6%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.8% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,994 3,085 3,212 3,454 3,654 3,722 3,913 4,143 4,241 4,419 4,473 4,754 4,800
Interest 1,334 1,450 1,566 1,675 1,735 1,829 1,934 2,046 2,090 2,152 2,066 2,103 2,071
726 1,147 1,302 1,023 1,079 1,181 1,431 816 1,327 1,517 1,592 1,387 1,479
Financing Profit 934 487 344 755 840 712 547 1,281 824 750 814 1,264 1,250
Financing Margin % 31% 16% 11% 22% 23% 19% 14% 31% 19% 17% 18% 27% 26%
63 41 29 37 52 38 12 1 4 18 17 -108 10
Depreciation 53 54 56 58 60 64 67 70 73 75 83 86 99
Profit before tax 944 474 316 734 832 686 493 1,213 756 693 748 1,070 1,161
Tax % 28% 26% 26% 25% 26% 25% 25% 26% 25% 24% 24% 24% 25%
684 353 235 553 619 513 369 899 563 530 569 810 873
EPS in Rs 4.92 2.54 1.69 3.98 4.45 3.69 2.66 6.47 4.05 3.81 4.10 5.83 6.28
Gross NPA % 4.49% 4.35% 4.29% 3.97% 3.40% 3.56% 3.83% 3.93% 3.70% 3.80% 3.94% 3.80%
Net NPA % 1.87% 1.78% 1.71% 1.52% 1.28% 1.46% 1.59% 2.00% 1.80% 1.90% 1.89% 1.82%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5,578 5,900 6,234 6,748 8,808 10,244 10,508 9,717 11,053 13,555 16,064 18,446
Interest 2,497 2,639 2,857 3,082 3,945 4,829 4,733 3,920 4,577 6,427 7,898 8,392
1,793 2,187 2,714 1,958 2,423 3,954 5,241 4,315 3,540 4,551 4,756 5,976
Financing Profit 1,289 1,074 663 1,709 2,441 1,461 534 1,482 2,937 2,577 3,410 4,078
Financing Margin % 23% 18% 11% 25% 28% 14% 5% 15% 27% 19% 21% 22%
6 5 4 2 2 1 15 1 -51 7 11 -63
Depreciation 42 41 46 44 60 118 126 127 187 229 273 343
Profit before tax 1,254 1,038 620 1,667 2,382 1,344 422 1,357 2,698 2,355 3,147 3,673
Tax % 34% 35% 35% 35% 35% 33% 21% 27% 26% 25% 25% 24%
832 673 400 1,076 1,557 906 335 989 1,984 1,760 2,345 2,782
EPS in Rs 6.50 5.26 3.13 7.74 11.20 6.52 2.41 7.11 14.28 12.66 16.87 20.02
Dividend Payout % 27% 34% 34% 23% 26% 0% 29% 45% 37% 44% 34% 37%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 19%
TTM: 15%
Compounded Profit Growth
10 Years: 16%
5 Years: 54%
3 Years: 12%
TTM: 23%
Stock Price CAGR
10 Years: 7%
5 Years: 18%
3 Years: 7%
1 Year: 43%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 12%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 113 113 113 123 123 123 246 247 247 247 247 278
Reserves 5,557 5,975 6,364 9,499 10,785 11,241 14,465 15,381 16,842 17,911 19,565 24,481
Borrowing 26,263 29,452 34,538 40,093 52,847 59,462 58,577 55,814 74,946 92,225 112,873 120,335
3,141 4,039 4,821 3,078 3,323 3,245 3,748 3,847 4,182 4,777 2,862 2,812
Total Liabilities 35,074 39,579 45,837 52,793 67,078 74,071 77,036 75,289 96,217 115,159 135,548 147,905
110 113 112 120 163 364 330 393 696 826 1,049 1,193
CWIP 0 0 0 0 0 0 10 0 0 105 66 2
Investments 854 1,483 1,873 2,734 3,792 5,911 11,705 8,440 9,989 9,651 10,400 6,820
34,110 37,983 43,852 49,939 63,123 67,797 64,991 66,456 85,532 104,578 124,033 139,890
Total Assets 35,074 39,579 45,837 52,793 67,078 74,071 77,036 75,289 96,217 115,159 135,548 147,905

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-2,989 -3,381 -4,907 -7,106 -10,918 -3,151 4,886 -0 -17,485 -18,404 -15,281 -11,206
-16 -506 -256 211 -1,317 -2,573 -7,252 2,613 -1,321 1,962 -1,011 1,109
2,974 3,915 5,360 6,755 12,465 5,899 2,260 -2,855 18,728 16,503 17,648 8,821
Net Cash Flow -31 27 196 -140 230 175 -106 -243 -78 61 1,355 -1,275
Free Cash Flow -3,023 -3,422 -4,951 -7,157 -11,026 -3,255 4,846 -270 -17,834 -18,642 -15,642 -11,535
CFO/OP -65% -75% -127% -137% -160% -42% 104% 9% -226% -196% -128% -84%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % 15% 11% 6% 13% 15% 8% 3% 7% 12% 10% 12% 13%

Insights

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Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Offices / Branches
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Number of Employees
Number
Cumulative Customer Contracts
Millions
Collection Efficiency
Percentage

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.49% 52.49% 52.49% 52.49%
13.92% 14.10% 12.72% 11.95% 10.08% 10.19% 10.49% 10.68% 9.33% 9.59% 9.11% 9.40%
26.95% 25.84% 26.96% 28.61% 30.66% 31.58% 31.17% 31.31% 32.33% 32.29% 32.34% 32.09%
6.84% 7.79% 8.06% 7.18% 7.00% 6.01% 6.14% 5.81% 5.79% 5.58% 6.02% 5.98%
0.15% 0.14% 0.10% 0.09% 0.09% 0.07% 0.06% 0.05% 0.05% 0.04% 0.04% 0.03%
No. of Shareholders 1,85,7052,19,5102,39,3722,27,5122,24,2732,11,0512,24,4152,17,6202,27,1412,22,5262,43,0192,36,252

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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