Mahindra & Mahindra Financial Services Ltd.

Mahindra & Mahindra Financial Services Ltd.

287.60
INR
-9.85
(-3.31%)
23.57EPS
13.43P/E
438.84BMarket Cap
Feb 02Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
31.81
35.96
39.19
42.17
44.9
56.74
70.21
59.46
53.88
58.34
64.16
71.26
78.66
82.09
Basic EPS, GAAP
10.05
9.6
8.12
5.37
12.1
17.64
11.65
6.8
8.98
16.35
15.24
17.78
20.88
23.52
Free Cash Flow per Basic Share
-68.35
-42.24
-52.7
-68.59
-87.59
-117.88
-35.03
50.86
-2.23
-140.52
-148.02
-126.12
-96.46
- -
Dividend per Share
2.57
2.75
3.01
3.03
1.87
3.1
5.6
- -
0.78
3.5
5.83
6.11
6.61
- -
Book Value per Share
55.21
61.98
67.48
73.12
94.64
108.21
114.94
124.24
133.34
146.39
157.12
169.64
191.71
- -
Tangible Book Value per Share
55.16
61.93
67.42
73.07
94.54
107.89
114.67
124.07
132.89
146.25
156.09
167.7
189.85
- -
Basic Weighted Avg Shares
949
950
951
952
980
1,036
923
1,137
1,266
1,267
1,268
1,272
1,367
1,368
Sales/Revenue/Turnover
30,196
34,178
37,281
40,144
43,982
58,783
64,818
67,587
68,242
73,941
81,373
90,655
107,557
112,254
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
261
455
457
537
552
755
1,469
1,505
1,520
2,260
2,749
3,212
3,861
3,913
Net Income, GAAP
9,544
9,129
7,723
5,116
11,852
18,273
10,752
7,732
11,369
20,724
19,327
22,619
28,545
32,161
Effective Tax Rate (%)
33.99
33.93
35.68
36.77
36.15
34.27
32.22
16.47
25.76
26.13
24.93
25.31
25.22
25.22
Profit Margin (%)
31.61
26.71
20.72
12.75
26.95
31.09
16.59
11.44
16.66
28.03
23.75
24.95
26.54
28.65
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
223,177
246,491
293,933
338,653
413,341
531,707
566,503
549,927
540,791
764,515
931,774
1,082,233
1,147,281
- -
Total Equity
53,302
59,920
65,369
71,077
100,001
113,475
120,587
158,755
170,378
187,014
199,749
215,730
266,920
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
3.77
3.09
2.27
1.28
2.5
3.09
1.6
1.1
1.58
2.49
1.85
1.86
2.1
- -
Return on Common Equity (%)
19.33
16.25
12.44
7.59
14.05
17.3
9.25
5.57
6.96
11.69
10.04
10.91
11.85
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,390
1,390
1,390
Market Capitalization
560,170
397,549
438,836

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
56,263
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.64%
11.12%
23.73%
Free Cash Flow
582.12%
1,213.89%
-17.8%
Net Income, GAAP
24.87%
33.16%
26.2%
Sales/Revenue/Turnover
11.48%
9.88%
18.64%
Total Cash Common Dividend
- -
- -
16.16%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
21,536
21,941
23,294
23,927
90,655
2026
24,557
- -
28,379
29,629
107,557
2027
29,690
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.91
3.06
7.21
3.59
17.78
2026
4.06
- -
5.93
6.75
20.88
2027
6.66
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
6.11
2026
- -
- -
- -
- -
6.61
2027
- -
- -
- -
- -
- -

Company Description

CEO
Antony Spring
Full Time Employees
27,117
Sector
Finance
Industry
Finance/Rental/Leasing
Address
151 West 34th Street Mumbai NY India 10001
IPO Date
Feb 21, 2006
Business
Mahindra & Mahindra Financial Services Limited (M&MFIN.NS) is a non-banking financial company (NBFC) primarily involved in providing financing solutions for vehicles and tractors, operating across India. Its core products include vehicle financing for new and pre-owned tractors, passenger vehicles, commercial vehicles, construction equipment, and multi-utility vehicles; SME financing encompassing project finance, equipment finance, and working capital finance tailored to sectors such as auto ancillary, engineering, and food/agri-processing; housing finance targeting rural and semi-urban populations for home purchase, construction, extension, and renovation loans; and insurance broking services delivered through its subsidiary Mahindra Insurance Brokers Limited, offering life, health, and asset protection insurance products. Additionally, the company operates an asset management arm offering mutual fund products and distribution services under the Mahindra Finance Finsmart brand. Founded in 1991 and headquartered in Mumbai, Maharashtra, Mahindra & Mahindra Financial Services has expanded its financial product suite to serve under-penetrated rural and semi-urban markets across India, supported by a wide distribution network. In recent developments, the company completed the acquisition of Mahindra Insurance Brokers Limited (MIBL), making it a wholly owned subsidiary, thereby strengthening its insurance brokerage franchise across retail, commercial, and reinsurance segments. It also announced a significant joint venture partnership with The Manufacturers Life Insurance Company (Manulife) to establish a 50:50 life insurance entity in India, aiming to expand its footprint in the life insurance sector. Other recent strategic moves include changes in senior management to bolster operational leadership and reaffirmation of credit ratings, reflecting stable financial health. The company is actively positioning itself for growth in the second half of the 2025 financial year, expecting a revival in demand and asset quality amid positive market conditions. Its broad portfolio and strategic alliances position it as a comprehensive financial services provider focused on rural and semi-urban India, supporting vehicle ownership, small business growth, housing needs, and risk management through insurance solutions. Mahindra & Mahindra Financial Services operates under the larger Mahindra Group umbrella and continually aligns its offerings with the parent group's strategic goals, reinforcing its presence in the Indian financial services sector with innovation in both product and service delivery.

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