Mahindra & Mahindra Financial Services Ltd
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]
- Market Cap ₹ 32,552 Cr.
- Current Price ₹ 263
- High / Low ₹ 347 / 237
- Stock P/E 16.8
- Book Value ₹ 151
- Dividend Yield 2.28 %
- ROCE 8.87 %
- ROE 11.9 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 29.2%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.2% over past five years.
- Company has a low return on equity of 8.13% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,906 | 4,175 | 5,294 | 6,051 | 6,586 | 7,189 | 7,910 | 10,429 | 11,995 | 12,382 | 11,419 | 12,828 | 14,979 |
Interest | 1,140 | 1,671 | 2,281 | 2,643 | 2,868 | 3,186 | 3,436 | 4,432 | 5,391 | 5,308 | 4,417 | 5,094 | 6,576 |
789 | 1,163 | 1,532 | 1,972 | 2,459 | 3,123 | 2,547 | 3,129 | 4,903 | 6,046 | 5,347 | 4,696 | 5,757 | |
Financing Profit | 977 | 1,342 | 1,481 | 1,435 | 1,258 | 880 | 1,927 | 2,868 | 1,702 | 1,028 | 1,655 | 3,038 | 2,646 |
Financing Margin % | 34% | 32% | 28% | 24% | 19% | 12% | 24% | 28% | 14% | 8% | 14% | 24% | 18% |
5 | 35 | 7 | 10 | 12 | 12 | 33 | 49 | 47 | 57 | 47 | -8 | 248 | |
Depreciation | 20 | 24 | 26 | 46 | 46 | 54 | 55 | 76 | 147 | 151 | 152 | 226 | 268 |
Profit before tax | 961 | 1,353 | 1,462 | 1,400 | 1,224 | 838 | 1,905 | 2,841 | 1,602 | 934 | 1,549 | 2,804 | 2,626 |
Tax % | 33% | 31% | 34% | 34% | 36% | 37% | 36% | 34% | 32% | 16% | 26% | 26% | |
645 | 929 | 965 | 925 | 787 | 530 | 1,216 | 1,867 | 1,086 | 780 | 1,150 | 2,071 | 1,947 | |
EPS in Rs | 6.19 | 8.15 | 8.39 | 8.03 | 6.79 | 4.50 | 9.59 | 14.79 | 8.70 | 6.26 | 9.20 | 16.77 | 15.72 |
Dividend Payout % | 22% | 22% | 22% | 25% | 29% | 27% | 21% | 22% | 0% | 13% | 39% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 2% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 12% |
3 Years: | 25% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 1% |
3 Years: | 14% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 8% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,928 | 4,467 | 5,181 | 5,830 | 6,356 | 6,847 | 9,732 | 11,146 | 11,846 | 15,530 | 16,650 | 18,313 | 18,359 |
14,646 | 20,152 | 25,893 | 29,232 | 34,044 | 40,644 | 44,986 | 58,802 | 65,634 | 65,101 | 62,126 | 81,429 | 90,424 | |
1,743 | 2,339 | 2,871 | 3,459 | 4,494 | 5,619 | 3,889 | 4,505 | 4,189 | 4,724 | 4,787 | 5,096 | 4,235 | |
Total Liabilities | 19,420 | 27,071 | 34,057 | 38,633 | 45,007 | 53,223 | 58,730 | 74,576 | 81,793 | 85,601 | 83,809 | 105,085 | 113,264 |
101 | 112 | 128 | 119 | 129 | 133 | 147 | 201 | 455 | 399 | 515 | 871 | 1,000 | |
CWIP | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 12 | 2 | 3 | 0 |
Investments | 437 | 458 | 722 | 654 | 1,199 | 1,374 | 2,378 | 3,327 | 5,340 | 12,126 | 8,654 | 10,063 | 9,065 |
18,881 | 26,500 | 33,207 | 37,860 | 43,679 | 51,714 | 56,205 | 71,046 | 75,996 | 73,064 | 74,637 | 94,148 | 103,199 | |
Total Assets | 19,420 | 27,071 | 34,057 | 38,633 | 45,007 | 53,223 | 58,730 | 74,576 | 81,793 | 85,601 | 83,809 | 105,085 | 113,264 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-6,249 | -7,442 | -6,448 | -3,970 | -4,957 | -6,467 | -8,510 | -12,078 | -3,115 | 5,826 | 18 | -17,395 | |
102 | -181 | -470 | 34 | -440 | -97 | 243 | -1,213 | -2,689 | -8,348 | 3,112 | -1,635 | |
6,058 | 7,696 | 6,898 | 3,907 | 5,431 | 6,766 | 8,174 | 13,490 | 6,050 | 2,548 | -3,173 | 18,852 | |
Net Cash Flow | -89 | 74 | -20 | -29 | 34 | 202 | -93 | 199 | 245 | 26 | -43 | -179 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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% | 24% | 19% | 16% | 12% | 8% | 14% | 17% | 9% | 5% | 7% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Meeting Updates
16h - Update on Board Meeting scheduled on 23rd April 2024
- Update On Earnings Concall 16h
- Closure of Trading Window 16h
- Update On Board Meeting Scheduled On 23Rd April 2024 17h
- Intimation Under Regulation 30 And 51 Of The SEBI (LODR) Regulations, 2015 - Reporting Of Fraud 18h
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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