Mahindra & Mahindra Financial Services Ltd
₹331.7▼ -0.42%28 Sept
📡AI Radar
Market Data
Market Cap₹46,105.34 Cr.
52W High₹415
Current Price₹331.7
52W Low₹269.6
Down from 52W High20.1 %
Face Value₹2
Performance
ROCE8.64 %
ROE12.21 %
EPS (TTM)₹6.66
EPS Prev Qtr₹6.75
EPS Last Year₹4.06
EBITDA Qtr₹1,213.1 Cr.
Book Value₹192
Financial Health
Debt/Equity4.82
Debt/Profit39.38
Total Assets₹1,58,643.94 Cr.
Dividend Yield2.26 %
Promoter Holding52.49 %
Earning Power2.75 %
Valuation
Stock P/E14.18
Industry P/E18.22
Price to Book1.73
Price to Sales2.12
Graham Number₹317.72
Key Metrics
Book Value
₹184.7
Capital Adequacy %
18.5%
Cost to Income %
36.5%
Debt/Equity
4.97
__derived
1
Employees
22,662
Face Value
₹2
Gross NPA %
3.45%
Loan Book
₹1,33,419 Cr
Loans Disbursed
₹15,564 Cr
Net Interest Income
₹2,764 Cr
Net NPA %
1.48%
NIM %
7.3%
Provision Coverage %
58.08%
About Mahindra & Mahindra Financial Services Ltd
Financial Services · Finance
Mahindra & Mahindra Financial Services Ltd is listed on NSE in the Financial Services / Finance sector. Face value ₹2. Market cap ₹46,105.34 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- Capital Adequacy ratio of 18.5% indicates strong capital position.
- Net NPA ratio at 1.48% reflects good asset quality.
- Provision Coverage ratio of 58.08% shows robust provisions against NPAs.
- NIM of 7.3% demonstrates healthy interest margin management.
- Cost to Income ratio of 36.5% suggests efficient operational efficiency.
- ROCE at 8.64% indicates reasonable return on capital employed.
Weaknesses
- Gross NPA ratio of 3.45% indicates potential credit risk exposure.
- Debt to Equity ratio of 4.82 suggests relatively high leverage.
- ROE of 12.24% may be considered moderate compared to sector peers.
- P/E ratio at 15.21 could indicate the stock is relatively valued.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finance Ltd | - | 30.16 | ₹6,13,256.5 Cr | 0.61% | ₹20,647.67 Cr | - | ₹85,963.63 Cr | - | 10.43% | 3.82 |
| Bajaj Finserv Ltd | - | 27.52 | ₹2,80,096.25 Cr | 0.09% | ₹20,636.97 Cr | - | ₹1,57,641.68 Cr | - | 11.43% | 5.5 |
| Shriram Finance Ltd | - | 17.28 | ₹2,30,350.39 Cr | 1.1% | ₹11,295.71 Cr | - | ₹49,997.06 Cr | - | 11.48% | 3.8 |
| ICICI Prudential Asset Management Co Ltd | - | 31.77 | ₹1,58,506.24 Cr | - | ₹3,485.73 Cr | - | ₹6,040.44 Cr | - | 111.52% | 0 |
| Jio Financial Services Ltd | - | 68.4 | ₹1,45,434.19 Cr | 0.27% | ₹2,066.49 Cr | - | ₹4,905.27 Cr | - | 2.33% | 0.17 |
| Cholamandalam Investment & Finance Company Ltd | - | 24.17 | ₹1,39,794.37 Cr | 0.12% | ₹5,751 Cr | - | ₹32,662.59 Cr | - | 9.35% | 6.93 |
| Tata Capital Ltd | - | 25.45 | ₹1,39,274.15 Cr | 0.17% | ₹5,478.16 Cr | - | ₹32,695.45 Cr | - | 8.42% | 5.28 |
| Bajaj Holdings & Investment Ltd | - | 13.63 | ₹1,20,749.01 Cr | 1.8% | ₹8,993.16 Cr | - | ₹1,139.25 Cr | - | 12.4% | 0 |
| Muthoot Finance Ltd | - | 9.76 | ₹1,11,046.18 Cr | 1.08% | ₹11,457.46 Cr | - | ₹33,430.7 Cr | - | 14.43% | 3.88 |
| Power Finance Corporation Ltd | - | 4.18 | ₹1,08,952.86 Cr | 5.62% | ₹33,641.82 Cr | - | ₹1,15,431.43 Cr | - | 9.81% | 7.62 |
| SBI Funds Management Ltd | - | - | ₹1,06,475.16 Cr | - | - | - | - | - | - | 0 |
| Aditya Birla Capital Ltd | - | 25.05 | ₹1,04,186.93 Cr | - | ₹4,118.85 Cr | - | ₹48,185.84 Cr | - | 8.39% | 5.2 |
| Indian Railway Finance Corporation Ltd | - | 14.28 | ₹1,02,653.11 Cr | 1.34% | ₹7,190.69 Cr | - | ₹28,630.42 Cr | - | 5.78% | 7.69 |
| HDFC Asset Management Company Ltd | - | 26.91 | ₹98,766 Cr | 2.34% | ₹2,947.64 Cr | - | ₹4,253.73 Cr | - | 41.46% | 0 |
| REC Ltd | - | 4.99 | ₹79,918.35 Cr | 6.11% | ₹16,035.21 Cr | - | ₹59,202.49 Cr | - | 9.42% | 6.09 |
| L&T Finance Ltd | - | 22.07 | ₹70,266.92 Cr | 0.98% | ₹3,198.02 Cr | - | ₹18,897.97 Cr | - | 8.23% | 3.93 |
| Nippon Life India Asset Management Ltd | - | 42.74 | ₹70,191.49 Cr | 1.96% | ₹1,635.54 Cr | - | ₹2,869 Cr | - | 45.49% | 0 |
| Bajaj Housing Finance Ltd | - | 25.54 | ₹68,733.43 Cr | - | ₹2,692.32 Cr | - | ₹11,604.2 Cr | - | 8.35% | 4.6 |
| SBI Cards & Payment Services Ltd | - | 24.73 | ₹56,249.93 Cr | 0.42% | ₹2,275.15 Cr | - | ₹20,063.29 Cr | - | 10.14% | 2.8 |
| HDB Financial Services Ltd | - | 23.24 | ₹52,882.54 Cr | 0.16% | ₹2,175.9 Cr | - | ₹16,300.3 Cr | - | 9.03% | 5.52 |
Quarterly Results
📊 Jun 2026: Revenue grew 14.6% YoY, Profit grew 75.3% YoY
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 4,990.61 | 5,026.19 | 5,449.84 | 5,538.73 | 5,717.91 |
| ↳ QoQ Growth | - | +0.7% | +8.4% | +1.6% | +3.2% |
| Expenses | 4,330.01 | 4,306.15 | 4,244.84 | 4,316.52 | 4,504.81 |
| Operating Profit | 660.6 | 720.04 | 1,205 | 1,222.21 | 1,213.1 |
| OPM % | 13.24% | 14.33% | 22.11% | 22.07% | 21.22% |
| Other Income | 22.83 | 23.26 | 14.48 | 20.79 | 6.9 |
| Interest | 2,279.98 | 2,197.68 | 2,236.02 | 2,219.88 | 2,372.05 |
| Depreciation | 85.87 | 93.93 | 96.18 | 110.1 | 99.14 |
| EBITDA | 746.47 | 813.97 | 1,301.18 | 1,332.31 | 1,312.24 |
| EBITDA Margin % | 14.96% | 16.19% | 23.88% | 24.05% | 22.95% |
| Profit Before Tax | 703.58 | 758.73 | 1,104.52 | 1,259.07 | 1,242.22 |
| Tax % | 24.82% | 25.39% | 25.25% | 25.3% | 25.34% |
| Net Profit | 528.96 | 566.07 | 825.6 | 940.48 | 927.48 |
| ↳ QoQ Growth | - | +7.0% | +45.8% | +13.9% | -1.4% |
| EPS | 4.06 | 4.06 | 5.93 | 6.75 | 6.66 |
Profit & Loss
| Mar 2026 | TTM | |
|---|---|---|
| Sales | 21005.37 | 21732.67 |
| Expenses | 17197.52 | 17372.32 |
| Operating Profit | 3807.85 | 4360.35 |
| OPM % | 18.13% | 20.06% |
| Other Income | 81.36 | 65.43 |
| Interest | 8933.56 | 9025.63 |
| Depreciation | 386.08 | 399.35 |
| Profit Before Tax | 3825.9 | 4364.54 |
| Tax % | 25.22% | 25.32% |
| Net Profit | 2861.11 | 3259.63 |
| EPS | 20.8 | 23.4 |
Compounded Sales Growth
10Y
-
5Y
-
3Y
-
TTM
-
Compounded Profit Growth
10Y
-
5Y
-
3Y
-
TTM
-
Stock Price CAGR
10Y
-
5Y
-
3Y
-
1Y
21.75%
Return on Equity
10Y
-
5Y
-
3Y
-
Last Year
12.24%
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 246.98 | 277.91 |
| Reserves | 21282.48 | 26360.73 |
| Borrowings | 119093.24 | 128370.44 |
| Other Liabilities | 3482.56 | 3634.86 |
| Total Liabilities | 144105.27 | 158643.94 |
| Fixed Assets | 1027.13 | 1333.73 |
| CWIP | 0.52 | 1.65 |
| Investments | 10589.79 | 7406.91 |
| Other Assets | 132487.81 | 149901.66 |
| Total Assets | 144105.27 | 158643.94 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | -12772.18 |
| Cash from Investing Activity | 769.52 |
| Cash from Financing Activity | 10637.2 |
| Net Cash Flow | -1365.46 |
Ratios
| Mar 2026 | |
|---|---|
| Debtor Days | - |
| Inventory Days | - |
| Days Payable | - |
| Cash Conversion Cycle | - |
| Working Capital Days | 526.05 |
| ROCE % | 12.58% |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 52.49% | 52.49% | 52.49% | 52.49% |
| FIIs % | 9.59% | 9.11% | 9.4% | 9.53% |
| DIIs % | 32.29% | 32.34% | 32.09% | 31.49% |
| Public % | 4.92% | 5.18% | 5.27% | 5.63% |
| No. of Shareholders | 2,22,526 | 2,43,019 | 2,36,252 | 2,41,776 |
Major Shareholders (>1%)
- Mahindra & Mahindra LimitedPromoter and Promoter Group52.49%
- Life Insurance Corporation Of India, Lic-p&gs Fund, Lici FundsPublic Shareholding10.26%
- Hdfc Mutual Fund Multiple AccountsPublic Shareholding5.65%
- Sbi Mutual Fund Multiple AccountsPublic Shareholding4.77%
As of 2026-06-30View all shareholders →