Mahindra & Mahindra Financial Services Ltd

Mahindra & Mahindra Financial Services Ltd

₹ 299 1.93%
14 Jun - close price
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]

  • Market Cap 36,938 Cr.
  • Current Price 299
  • High / Low 347 / 237
  • Stock P/E 19.1
  • Book Value 161
  • Dividend Yield 2.11 %
  • ROCE 8.74 %
  • ROE 10.0 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 38.3%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.66% over past five years.
  • Company has a low return on equity of 9.69% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 3,007 2,550 2,929 2,974 2,865 2,902 3,011 3,324 3,463 3,583 3,833 4,100 4,280
Interest 1,226 1,151 1,143 1,071 1,053 1,052 1,192 1,373 1,477 1,597 1,703 1,798 1,861
1,534 3,541 318 556 932 1,512 1,071 1,041 1,072 1,504 1,724 1,456 1,520
Financing Profit 247 -2,143 1,468 1,348 880 338 748 910 913 482 406 846 900
Financing Margin % 8% -84% 50% 45% 31% 12% 25% 27% 26% 13% 11% 21% 21%
45 34 54 22 38 24 -26 36 86 67 44 50 68
Depreciation 37 33 34 35 50 43 55 63 65 66 67 69 72
Profit before tax 256 -2,141 1,488 1,334 868 318 668 884 934 483 383 826 896
Tax % 14% 27% 26% 26% 28% 25% 26% 25% 28% 25% 25% 25% 25%
219 -1,573 1,103 992 629 240 492 664 675 362 287 623 671
EPS in Rs 1.75 -12.74 8.90 7.99 5.05 1.94 3.97 5.35 5.51 2.90 2.27 5.04 5.43
Gross NPA % 9.00% 15.50%
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 4,175 5,294 6,051 6,586 7,189 7,910 10,429 11,995 12,382 11,419 12,828 15,797
Interest 1,671 2,281 2,643 2,868 3,186 3,436 4,432 5,391 5,308 4,417 5,094 6,959
1,163 1,532 1,972 2,459 3,123 2,547 3,129 4,903 6,046 5,347 4,696 6,204
Financing Profit 1,342 1,481 1,435 1,258 880 1,927 2,868 1,702 1,028 1,655 3,038 2,633
Financing Margin % 32% 28% 24% 19% 12% 24% 28% 14% 8% 14% 24% 17%
35 7 10 12 12 33 49 47 57 47 -8 230
Depreciation 24 26 46 46 54 55 76 147 151 152 226 275
Profit before tax 1,353 1,462 1,400 1,224 838 1,905 2,841 1,602 934 1,549 2,804 2,588
Tax % 31% 34% 34% 36% 37% 36% 34% 32% 16% 26% 26% 25%
929 965 925 787 530 1,216 1,867 1,086 780 1,150 2,071 1,943
EPS in Rs 8.15 8.39 8.03 6.79 4.50 9.59 14.79 8.70 6.26 9.20 16.77 15.64
Dividend Payout % 22% 22% 25% 29% 27% 21% 22% 0% 13% 39% 36% 40%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 8%
TTM: 23%
Compounded Profit Growth
10 Years: 7%
5 Years: 1%
3 Years: 43%
TTM: -8%
Stock Price CAGR
10 Years: 6%
5 Years: 4%
3 Years: 21%
1 Year: -2%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 10%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 113 113 113 113 113 123 123 123 246 247 247 247
Reserves 4,467 5,181 5,830 6,356 6,847 9,732 11,146 11,846 15,530 16,650 18,313 19,686
20,152 25,893 29,232 34,044 40,644 44,986 58,802 65,634 65,101 62,126 81,429 98,319
2,339 2,871 3,459 4,494 5,619 3,889 4,505 4,189 4,724 4,787 5,096 5,463
Total Liabilities 27,071 34,057 38,633 45,007 53,223 58,730 74,576 81,793 85,601 83,809 105,085 123,716
112 128 119 129 133 147 201 455 399 515 871 1,113
CWIP 1 0 0 0 1 0 1 1 12 2 3 0
Investments 458 722 654 1,199 1,374 2,378 3,327 5,340 12,126 8,654 10,063 9,598
26,500 33,207 37,860 43,679 51,714 56,205 71,046 75,996 73,064 74,637 94,148 113,004
Total Assets 27,071 34,057 38,633 45,007 53,223 58,730 74,576 81,793 85,601 83,809 105,085 123,716

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7,442 -6,448 -3,970 -4,957 -6,467 -8,510 -12,078 -3,115 5,826 18 -17,395 -18,449
-181 -470 34 -440 -97 243 -1,213 -2,689 -8,348 3,112 -1,635 2,670
7,696 6,898 3,907 5,431 6,766 8,174 13,490 6,050 2,548 -3,173 18,852 16,095
Net Cash Flow 74 -20 -29 34 202 -93 199 245 26 -43 -179 317

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 24% 19% 16% 12% 8% 14% 17% 9% 5% 7% 12% 10%

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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