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

₹ 263 -5.52%
23 Apr - 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 ₹ 32,552 Cr.
  • Current Price ₹ 263
  • High / Low ₹ 347 / 237
  • Stock P/E 17.8
  • Book Value ₹ 137
  • Dividend Yield 2.28 %
  • ROCE 8.96 %
  • ROE 12.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 37.2%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 7.51% 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 2,542 2,607 2,176 2,508 2,529 2,442 2,486 2,586 2,862 2,994 3,085 3,212 3,454
Interest 1,158 1,089 1,018 1,015 951 936 932 1,069 1,242 1,334 1,450 1,566 1,675
1,755 1,347 3,212 96 353 654 1,230 829 754 726 1,147 1,302 1,023
Financing Profit -371 171 -2,054 1,397 1,225 852 324 688 866 934 487 344 755
Financing Margin % -15% 7% -94% 56% 48% 35% 13% 27% 30% 31% 16% 11% 22%
33 31 11 14 14 24 12 -31 29 63 41 29 37
Depreciation 31 30 27 28 29 42 36 46 52 53 54 56 58
Profit before tax -369 171 -2,070 1,383 1,210 834 300 611 843 944 474 316 734
Tax % 26% 12% 26% 26% 26% 28% 26% 27% 25% 28% 26% 26% 25%
-274 150 -1,529 1,023 894 601 223 448 629 684 353 235 553
EPS in Rs -2.22 1.21 -12.37 8.28 7.23 4.86 1.80 3.63 5.09 5.54 2.85 1.90 4.47
Gross NPA % 9.99% 8.96% 15.46% 12.68% 11.30% 7.66% 8.03% 6.70% 5.93% 4.49% 4.35% 4.29% 3.97%
Net NPA % 6.57% 3.97% 7.81% 6.39% 5.63% 3.36% 3.53% 2.91% 2.52% 1.87% 1.78% 1.71% 1.52%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 2,790 3,956 4,949 5,578 5,900 6,234 6,748 8,808 10,244 10,508 9,717 11,053 12,744
Interest 1,120 1,619 2,188 2,497 2,639 2,857 3,082 3,945 4,829 4,733 3,920 4,577 6,026
729 1,003 1,395 1,793 2,187 2,714 1,958 2,423 3,954 5,241 4,315 3,540 4,198
Financing Profit 940 1,334 1,366 1,289 1,074 663 1,709 2,441 1,461 534 1,482 2,937 2,520
Financing Margin % 34% 34% 28% 23% 18% 11% 25% 28% 14% 5% 15% 27% 20%
4 -33 4 6 5 4 2 2 1 15 1 -51 169
Depreciation 20 22 24 42 41 46 44 60 118 126 127 187 222
Profit before tax 925 1,279 1,346 1,254 1,038 620 1,667 2,382 1,344 422 1,357 2,698 2,468
Tax % 33% 31% 34% 34% 35% 35% 35% 35% 33% 21% 27% 26%
620 883 887 832 673 400 1,076 1,557 906 335 989 1,984 1,825
EPS in Rs 5.96 7.76 7.80 7.31 5.91 3.52 8.71 12.60 7.34 2.71 8.00 16.06 14.76
Dividend Payout % 23% 23% 24% 27% 34% 34% 23% 26% -0% 29% 45% 37%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 3%
TTM: 23%
Compounded Profit Growth
10 Years: 9%
5 Years: 14%
3 Years: 31%
TTM: -6%
Stock Price CAGR
10 Years: 5%
5 Years: 1%
3 Years: 14%
1 Year: 5%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 103 113 113 113 113 113 123 123 123 246 247 247 247
Reserves 2,848 4,342 4,982 5,557 5,975 6,364 9,499 10,785 11,241 14,465 15,381 16,842 16,709
13,961 18,872 23,931 26,263 29,452 34,538 40,093 52,847 59,462 58,577 55,814 74,946 84,870
1,649 2,166 2,641 3,141 4,039 4,821 3,078 3,323 3,245 3,748 3,847 4,182 3,632
Total Liabilities 18,562 25,492 31,666 35,074 39,579 45,837 52,793 67,078 74,071 77,036 75,289 96,217 105,458
97 106 119 110 113 112 120 163 364 330 393 696 821
CWIP 2 1 0 0 0 0 -0 -0 -0 10 -0 -0 -0
Investments 503 561 869 854 1,483 1,873 2,734 3,792 5,911 11,705 8,440 9,989 9,122
17,960 24,825 30,677 34,110 37,983 43,852 49,939 63,123 67,797 64,991 66,456 85,532 95,514
Total Assets 18,562 25,492 31,666 35,074 39,579 45,837 52,793 67,078 74,071 77,036 75,289 96,217 105,458

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5,927 -6,953 -5,917 -2,989 -3,381 -4,907 -7,106 -10,918 -3,151 4,886 -0 -17,485
116 -188 -515 -16 -506 -256 211 -1,317 -2,573 -7,252 2,613 -1,321
5,721 7,215 6,411 2,974 3,915 5,360 6,755 12,465 5,899 2,260 -2,855 18,728
Net Cash Flow -89 74 -22 -31 27 196 -140 230 175 -106 -243 -78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 23% 23% 19% 15% 11% 6% 13% 15% 8% 3% 7% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16%
17.94% 18.99% 19.24% 17.90% 17.55% 16.93% 16.09% 14.85% 13.92% 14.10% 12.72% 11.95%
16.53% 15.80% 15.38% 16.16% 17.95% 22.12% 23.76% 25.18% 26.95% 25.84% 26.96% 28.61%
13.09% 12.78% 12.99% 13.58% 12.13% 8.60% 7.83% 7.68% 6.84% 7.79% 8.06% 7.18%
0.28% 0.27% 0.24% 0.21% 0.21% 0.20% 0.18% 0.16% 0.15% 0.14% 0.10% 0.09%
No. of Shareholders 2,96,3572,37,7012,49,8892,50,6782,17,6772,14,8971,93,5551,86,2651,85,7052,19,5102,39,3722,27,512

* 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.

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