Mahindra & Mahindra Financial Services Ltd
MMFSL is primarily engaged in providing financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles. It also provides housing finance, personal loans, financing to small and medium enterprises, insurance broking and mutual fund distribution services. In addition, among other services, MMFSL offers wholesale inventory financing to dealers and retail financing to customers in the US for the purchase of tractor products through Mahindra Finance USA LLC, its joint venture with a subsidiary of the Rabobank Group. (Source : 201903 Annual Report Page No: 5)
- Market Cap ₹ 24,865 Cr.
- Current Price ₹ 202
- High / Low ₹ 224 / 76.5
- Stock P/E 41.7
- Book Value ₹ 128
- Dividend Yield 0.00 %
- ROCE 9.45 %
- ROE 9.25 %
- Face Value ₹ 2.00
Pros
- Company's median sales growth is 15.02% of last 10 years
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.36% for last 3 years.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2,497 | 2,293 | 2,508 | 2,692 | 2,880 | 2,822 | 2,914 | 3,046 | 3,101 | 3,057 | 3,035 | 2,958 |
Interest | 870 | 957 | 1,053 | 1,153 | 1,270 | 1,263 | 1,346 | 1,351 | 1,431 | 1,401 | 1,369 | 1,312 |
809 | 854 | 817 | 878 | 581 | 1,388 | 1,052 | 1,071 | 1,392 | 1,368 | 1,175 | 1,982 | |
Financing Profit | 819 | 482 | 638 | 662 | 1,029 | 172 | 516 | 624 | 278 | 288 | 492 | -336 |
Financing Margin % | 33% | 21% | 25% | 25% | 36% | 6% | 18% | 20% | 9% | 9% | 16% | -11% |
Other Income | 10 | 23 | 27 | 23 | 34 | 30 | 34 | 48 | 47 | 254 | 35 | 59 |
Depreciation | 15 | 16 | 18 | 20 | 21 | 41 | 43 | 43 | 19 | 38 | 40 | 37 |
Profit before tax | 813 | 488 | 646 | 665 | 1,041 | 160 | 507 | 629 | 306 | 504 | 488 | -313 |
Tax % | 37% | 34% | 33% | 38% | 33% | 32% | 48% | 24% | 22% | 14% | 28% | 29% |
Net Profit | 500 | 316 | 426 | 399 | 686 | 107 | 261 | 472 | 235 | 432 | 351 | -226 |
EPS in Rs | 4.05 | 2.56 | 3.45 | 3.23 | 5.56 | 0.87 | 2.12 | 3.82 | 1.90 | 3.49 | 2.84 | -1.83 |
Gross NPA % | ||||||||||||
Net NPA % | ||||||||||||
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1,396 | 1,589 | 2,028 | 2,906 | 4,175 | 5,294 | 6,051 | 6,586 | 7,189 | 7,910 | 10,429 | 11,995 | 12,151 |
Interest | 511 | 503 | 666 | 1,140 | 1,671 | 2,281 | 2,643 | 2,868 | 3,186 | 3,436 | 4,432 | 5,391 | 5,512 |
546 | 543 | 609 | 789 | 1,132 | 1,532 | 1,973 | 2,459 | 3,123 | 2,547 | 3,129 | 4,903 | 5,917 | |
Financing Profit | 338 | 544 | 754 | 977 | 1,372 | 1,481 | 1,435 | 1,258 | 880 | 1,927 | 2,868 | 1,702 | 722 |
Financing Margin % | 24% | 34% | 37% | 34% | 33% | 28% | 24% | 19% | 12% | 24% | 28% | 14% | 6% |
Other Income | 5 | 6 | 10 | 5 | 4 | 7 | 10 | 12 | 12 | 33 | 49 | 47 | 396 |
Depreciation | 9 | 10 | 16 | 20 | 24 | 26 | 46 | 46 | 54 | 55 | 76 | 147 | 133 |
Profit before tax | 334 | 540 | 748 | 961 | 1,353 | 1,462 | 1,400 | 1,224 | 838 | 1,905 | 2,841 | 1,602 | 985 |
Tax % | 34% | 34% | 34% | 33% | 31% | 34% | 34% | 36% | 37% | 36% | 34% | 32% | |
Net Profit | 220 | 356 | 493 | 644 | 927 | 954 | 913 | 772 | 512 | 1,185 | 1,827 | 1,075 | 792 |
EPS in Rs | 2.27 | 3.67 | 4.74 | 6.19 | 8.15 | 8.39 | 8.03 | 6.79 | 4.50 | 9.59 | 14.79 | 8.70 | 6.40 |
Dividend Payout % | 24% | 20% | 21% | 22% | 22% | 22% | 25% | 29% | 27% | 21% | 22% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 22% |
5 Years: | 15% |
3 Years: | 19% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 3% |
3 Years: | 28% |
TTM: | -61% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | -8% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
96 | 96 | 102 | 103 | 113 | 113 | 113 | 113 | 113 | 123 | 123 | 123 | 246 | |
Reserves | 1,387 | 1,658 | 2,443 | 2,928 | 4,467 | 5,181 | 5,830 | 6,356 | 6,847 | 9,732 | 11,146 | 11,846 | 15,574 |
Borrowings | 5,220 | 6,525 | 9,785 | 14,646 | 20,152 | 25,893 | 29,232 | 34,044 | 40,644 | 44,986 | 58,802 | 65,883 | 68,077 |
765 | 1,337 | 1,539 | 1,743 | 2,339 | 2,871 | 3,459 | 4,494 | 5,619 | 3,889 | 4,505 | 3,940 | 3,977 | |
Total Liabilities | 7,468 | 9,615 | 13,869 | 19,420 | 27,071 | 34,057 | 38,633 | 45,007 | 53,223 | 58,730 | 74,576 | 81,793 | 87,874 |
38 | 42 | 74 | 101 | 112 | 128 | 119 | 129 | 133 | 147 | 201 | 455 | 423 | |
CWIP | 0 | 7 | 7 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | -0 |
Investments | 97 | 203 | 625 | 437 | 458 | 722 | 654 | 1,199 | 1,374 | 2,378 | 3,327 | 5,340 | 8,833 |
7,333 | 9,363 | 13,162 | 18,881 | 26,500 | 33,207 | 37,860 | 43,679 | 51,714 | 56,205 | 71,046 | 75,996 | 78,618 | |
Total Assets | 7,468 | 9,615 | 13,869 | 19,420 | 27,071 | 34,057 | 38,633 | 45,007 | 53,223 | 58,730 | 74,576 | 81,793 | 87,874 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-896 | -2,099 | -4,067 | -6,249 | -7,442 | -6,448 | -3,970 | -4,957 | -6,467 | -8,510 | -12,078 | -3,115 | |
-107 | -122 | -447 | 102 | -181 | -470 | 34 | -440 | -97 | 243 | -1,213 | -2,689 | |
985 | 2,178 | 4,654 | 6,058 | 7,696 | 6,898 | 3,907 | 5,431 | 6,766 | 8,174 | 13,490 | 6,050 | |
Net Cash Flow | -19 | -43 | 140 | -89 | 74 | -20 | -29 | 34 | 202 | -93 | 199 | 245 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 16% | 22% | 23% | 23% | 24% | 19% | 16% | 12% | 8% | 14% | 17% | 9% |
Documents
Add documentRecent announcements
- Press Release - Mahindra Finance Appoints Amit Raje As Chief Operating Officer Digital Finance - Digital Business Unit 6h
- Announcement under Regulation 30 (LODR)-Change in Directorate 5 Mar
- Compliance Under Regulation 47 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ['Listing Regulations'] Newspaper Publication - Declaration Of Postal Ballot Results 5 Mar
- Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 4 Mar
- Announcement under Regulation 30 (LODR)-Change in Directorate 4 Mar
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse