M&MFIN · NSE
Mahindra & Mahindra Financial Services Limited
₹353.3
+2.20% (+₹7.6)
Prev. close
₹345.7
Volume
31,29,493
Delivery %
65.2%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
3 analyst stances · last 90 days · one per analyst
Trackable
3 · 3 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Upgraded M&M Financial Services to 'buy' from 'hold', raising the price target to ₹410 apiece, suggesting a 17.9% upside…” | HSBC AnalysisHSBC | M&M Financial Services Ltd | PENDING | |
| “Upgraded Mahindra Finance to 'buy' from 'add', raising the target price by 18.4% to ₹450, implying a 29% upside potentia…” | Emkay Global Financial Services AnalysisEmkay Global Financial Services | Mahindra & Mahindra Financial Services | PENDING | |
| “Maintained a 'buy' call on Mahindra Finance, raising the target price to ₹410 from ₹350. The stock remains a top pick in…” | JM Financial AnalysisJM Financial Institutional Securities | Mahindra & Mahindra Financial Services | PENDING |
Fundamentals
About Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services Limited, a non-banking financial company, engages in vehicle financing business in India. The company operates through Financing Activities and Other Reconciling Items segments. It offers financing for new and pre-owned auto, utility vehicles, tractors, passenger cars, and commercial vehicles; and vehicle leasing solutions through its digital platform Quiklyz to fleet operators, farmers, businesses, self-employed, and salaried individuals. The company also provides loan against property, equipment finance, working capital finance, and supply chain finance for micro, small and medium enterprises (MSME); housing loans; asset management and trusteeship services; insurance broking; fixed deposits; mutual funds; and engages in insurance distribution. Mahindra & Mahindra Financial Services Limited was incorporated in 1991 and is headquartered in Mumbai, India. Mahindra & Mahindra Financial Services Limited is a subsidiary of Mahindra & Mahindra Limited.
Details
Sector
Financial Services
Industry
Credit Services
CEO
Mr. Raul Ignatius Rebello
Headquarters
Mumbai
Employees
22,637
Website
mahindrafinance.comExchange
View on NSE ↗Key stats
Market cap
₹49,095.42 Cr
P/E ratio (TTM)
15.1
Dividend yield
2.17%
EPS (TTM)
₹23.47
Beta (1Y · daily vs NIFTY 50)
1.59
Beta (5Y · monthly vs NIFTY 50)
1.46
Shares float
64.40 Cr
EPS · quarter ended Jun 2026
₹6.66
Upcoming earnings
27 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide. EBITDA is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹120.50 Cr | ₹11,317.57 Cr | ₹7,394.12 Cr | ₹8,137.29 Cr | ₹9,065.48 Cr | ₹10,755.66 Cr | |
| EBITDA | ₹63.53 Cr | ₹6,073.76 Cr | — | — | — | — |
| ₹7.73 Cr | ₹1,136.87 Cr | ₹2,072.40 Cr | ₹1,932.69 Cr | ₹2,261.87 Cr | ₹2,854.53 Cr | |
| Diluted EPS | ₹6.98 | ₹9.21 | ₹16.34 | ₹15.23 | ₹17.77 | ₹20.86 |
EBITDA has filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹85,601.00 Cr | ₹83,809.00 Cr | ₹1.05 L Cr | ₹1.24 L Cr | ₹1.44 L Cr | ₹1.59 L Cr | |
| Total debt | — | — | ₹76,451.46 Cr | ₹93,177.37 Cr | ₹1.08 L Cr | ₹1.15 L Cr |
| Stockholders' equity | ₹15,776.00 Cr | ₹16,897.00 Cr | ₹18,560.00 Cr | ₹19,933.00 Cr | ₹21,529.00 Cr | ₹26,639.00 Cr |
Inventory, Receivables (trade + unbilled), Trade receivables, Unbilled receivables (contract assets), Cash & equivalents, CWIP, Total debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹5,826.00 Cr | ₹18.00 Cr | ₹-17,395.00 Cr | ₹-18,449.00 Cr | ₹-15,602.00 Cr | ₹-12,772.00 Cr | |
| Investing cash flow | — | ₹3,110.59 Cr | ₹-1,635.37 Cr | ₹2,670.28 Cr | ₹-1,076.89 Cr | ₹769.52 Cr |
| ₹2,548.00 Cr | ₹-3,173.00 Cr | ₹18,852.00 Cr | ₹16,095.00 Cr | ₹17,605.00 Cr | ₹10,637.00 Cr | |
| Capital expenditure | ₹-46.00 Cr | ₹-301.00 Cr | ₹-413.00 Cr | ₹-323.00 Cr | ₹-442.00 Cr | ₹-416.00 Cr |
| End cash position | — | ₹765.32 Cr | ₹586.53 Cr | ₹903.54 Cr | ₹1,830.25 Cr | ₹465.45 Cr |
Change in working capital, Investing cash flow, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22–Jun 22(2Q) | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24–Jun 24(2Q) | Sep 24 | Dec 24 | Mar 25 | Jun 25–Jun 25(2Q) | Sep 25 | Dec 25 | Mar 26–Jun 26(2Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.49% | 52.49% | 52.49% | 52.49% |
| Public | 47.57% | 47.61% | 47.64% | 47.64% | 47.67% | 47.69% | 47.70% | 47.71% | 47.74% | 47.75% | 47.77% | 47.79% | 47.79% | 47.47% | 47.47% | 47.48% | 47.48% |
| Employee trusts | 0.27% | 0.24% | 0.21% | 0.20% | 0.18% | 0.16% | 0.15% | 0.14% | 0.10% | 0.09% | 0.07% | 0.06% | 0.05% | 0.05% | 0.04% | 0.04% | 0.03% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Financial Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| HDFC Bank Limited | ₹11.27 L Cr | ₹731 | 16.2 | 1.38 | 8.6% | 0.81 | +4.7% | -25.2% |
| ICICI Bank Limited | ₹9.75 L Cr | ₹1,347.6 | 17.6 | 2.69 | 14.9% | 0.57 | +9.1% | -5.0% |
| State Bank of India | ₹9.16 L Cr | ₹996.2 | 10.6 | 1.54 | 14.0% | 1.22 | +9.2% | +16.6% |
| Bajaj Finance Limited | ₹6.31 L Cr | ₹1,040.3 | 31.1 | 5.54 | 16.7% | 3.10 | +19.7% | +4.4% |
| Life Insurance Corporation Of India | ₹5.06 L Cr | ₹407.7 | 8.4 | 2.87 | 32.5% | — | +8.7% | -54.2% |
| Kotak Mahindra Bank Limited | ₹4.08 L Cr | ₹415 | 20.5 | 2.25 | 10.6% | 0.53 | -0.3% | -79.5% |
| Axis Bank Limited | ₹3.86 L Cr | ₹1,240 | 14.0 | 1.80 | 12.3% | 1.30 | +4.0% | +10.1% |
| Bajaj Finserv Limited | ₹2.98 L Cr | ₹1,852.5 | 29.4 | 3.82 | 12.6% | 4.64 | +13.6% | -10.5% |
| Shriram Finance Limited | ₹2.34 L Cr | ₹1,010 | 17.6 | 3.55 | 15.2% | 2.76 | +13.9% | +61.1% |
| SBI Life Insurance Company Limited | ₹1.77 L Cr | ₹1,731 | 68.0 | 9.29 | 12.9% | — | -4.3% | -5.0% |
| ICICI Prudential Asset Management Company Limited | ₹1.53 L Cr | ₹3,098 | 43.8 | 36.57 | 79.1% | — | +23.1% | — |
| Mahindra & Mahindra Financial Services Limited | ₹47,948.98 Cr | ₹345.7 | 14.7 | 1.80 | 10.7% | 4.31 | +18.6% | +22.6% |
Ranked by market cap within Financial Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 28
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
16 indices
Weight is a free-float market-cap-share estimate from NSE’s live index data, not NSE’s own published (and sometimes capped) index weight. Indices without a live weight feed are listed without one, in alphabetical order after the weighted ones.