Nifty
:
22776.10
Sensex
:
73067.81
220.35 (0.98%)
685.34 (0.95%)
Nifty
Sensex
:
:
22776.10
73067.81
220.35 (0.98%)
685.34 (0.95%)

Mahindra & Mahindra Financial Services Ltd.

Finance - NBFC

Rating :
67/99

BSE: 532720 | NSE: M%26MFIN

NSE BSE
327.75
06-Oct-2026
  • Open
  • High
  • Low
  • Previous Close
  •  327
  •  329.85
  •  322.3
  •  326.20
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1798943
  •  584511336.3
  •  415
  •  272

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 45,577.42
  • 13.95
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,66,379.74
  • 2.29%
  • 1.65

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 52.49%
  • 0.35%
  • 5.63%
  • FII
  • DII
  • Others
  • 9.53%
  • 20.86%
  • 11.14%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.38
  • 13.17
  • 9.96

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 12.55
  • 17.41
  • 6.49

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 18.76
  • 20.22
  • 13.88

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 15.96
  • 16.48
  • 16.79

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 1.68
  • 1.68
  • 1.75

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 11.80
  • 11.46
  • 10.10

Earnings Forecasts:

(Updated: 03-10-2026)
Description
2026
2027
2028
2029
Adj EPS
20.02
26.17
30.07
34.09
P/E Ratio
16.37
12.52
10.90
9.61
Revenue
18500.3
11601
13144
15095
EBITDA
12524.7
7136.28
7841.4
8423.35
Net Income
2782.23
3624.83
4163.48
4735.41
ROA
1.89
2.29
2.3
2.32
P/B Ratio
1.84
1.69
1.52
1.33
ROE
12.48
14.06
14.61
14.65
FCFF
4562.01
-
-
-
FCFF Yield
3.11
-
-
-
Net Debt
93815.5
112380
129207
150083
BVPS
178.12
193.82
215.74
246.86

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
5,717.91
4,990.61
14.57%
5,538.73
4,885.63
13.37%
5,449.84
4,796.80
13.61%
5,026.19
4,465.15
12.56%
Expenses
2,033.62
1,964.16
3.54%
1,986.54
2,000.94
-0.72%
1,912.64
1,325.24
44.32%
2,014.54
1,829.58
10.11%
EBITDA
3,684.29
3,026.45
21.74%
3,552.19
2,884.69
23.14%
3,537.20
3,471.56
1.89%
3,011.65
2,635.57
14.27%
EBIDTM
64.43%
60.64%
64.13%
59.04%
64.90%
72.37%
59.92%
59.03%
Other Income
6.90
22.83
-69.78%
20.79
11.21
85.46%
14.48
2.65
446.42%
23.26
14.09
65.08%
Interest
2,372.05
2,279.98
4.04%
2,219.88
2,217.77
0.10%
2,236.02
2,174.91
2.81%
2,197.68
2,062.42
6.56%
Depreciation
99.14
85.87
15.45%
110.10
84.52
30.27%
96.18
82.20
17.01%
93.93
78.67
19.40%
PBT
1,220.00
683.43
78.51%
1,243.00
593.61
109.40%
1,086.53
1,217.10
-10.73%
743.30
508.57
46.15%
Tax
314.74
174.62
80.24%
318.59
153.28
107.85%
278.92
315.37
-11.56%
192.66
132.93
44.93%
PAT
905.26
508.81
77.92%
924.41
440.33
109.94%
807.61
901.73
-10.44%
550.64
375.64
46.59%
PATM
15.83%
10.20%
16.69%
9.01%
14.82%
18.80%
10.96%
8.41%
EPS
6.66
3.80
75.26%
6.75
3.60
87.50%
5.93
7.23
-17.98%
4.06
3.07
32.25%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
21,732.67
21,005.37
18,463.10
15,796.85
12,699.53
11,317.57
12,111.17
11,885.40
10,371.70
7,883.85
7,146.20
Net Sales Growth
13.56%
13.77%
16.88%
24.39%
12.21%
-6.55%
1.90%
14.59%
31.56%
10.32%
 
Cost Of Goods Sold
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Gross Profit
21,732.67
21,005.37
18,463.10
15,796.85
12,699.53
11,317.57
12,111.17
11,885.40
10,371.70
7,883.85
7,146.20
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total Expenditure
7,947.34
7,877.88
6,832.48
6,212.46
6,119.93
5,433.06
6,047.32
4,908.46
4,214.90
2,920.77
3,123.01
Power & Fuel Cost
-
22.21
21.80
21.99
19.45
15.81
11.87
22.14
26.06
23.44
21.72
% Of Sales
-
0.11%
0.12%
0.14%
0.15%
0.14%
0.10%
0.19%
0.25%
0.30%
0.30%
Employee Cost
-
2,509.62
2,354.94
2,261.44
2,115.33
1,613.12
1,384.01
1,609.82
1,477.95
1,136.61
886.64
% Of Sales
-
11.95%
12.75%
14.32%
16.66%
14.25%
11.43%
13.54%
14.25%
14.42%
12.41%
Manufacturing Exp.
-
1,840.66
1,411.50
1,160.55
640.05
503.98
309.78
331.61
338.47
226.86
369.49
% Of Sales
-
8.76%
7.64%
7.35%
5.04%
4.45%
2.56%
2.79%
3.26%
2.88%
5.17%
General & Admin Exp.
-
994.61
920.71
794.74
706.64
493.74
315.15
600.44
560.63
474.79
443.70
% Of Sales
-
4.74%
4.99%
5.03%
5.56%
4.36%
2.60%
5.05%
5.41%
6.02%
6.21%
Selling & Distn. Exp.
-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
% Of Sales
-
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Miscellaneous Exp.
-
2,532.99
2,145.33
1,995.73
2,657.91
2,822.22
4,038.38
2,366.59
1,837.84
1,082.51
0.00
% Of Sales
-
12.06%
11.62%
12.63%
20.93%
24.94%
33.34%
19.91%
17.72%
13.73%
19.92%
EBITDA
13,785.33
13,127.49
11,630.62
9,584.39
6,579.60
5,884.51
6,063.85
6,976.94
6,156.80
4,963.08
4,023.19
EBITDA Margin
63.43%
62.50%
62.99%
60.67%
51.81%
51.99%
50.07%
58.70%
59.36%
62.95%
56.30%
Other Income
65.43
81.36
174.95
181.73
1,557.16
168.68
60.29
116.62
1,144.84
402.44
54.46
Interest
9,025.63
8,933.56
8,522.68
6,959.20
5,094.30
4,417.37
5,307.57
5,390.56
4,432.28
3,436.19
3,186.17
Depreciation
399.35
386.08
321.21
274.85
225.96
151.99
150.51
146.87
75.53
55.21
53.72
PBT
4,292.83
3,889.21
2,961.68
2,532.07
2,816.50
1,483.83
666.06
1,556.13
2,793.83
1,874.11
837.75
Tax
1,104.91
964.79
766.04
645.13
732.56
399.08
153.86
516.21
973.48
688.51
308.05
Tax Rate
25.74%
25.68%
25.87%
25.48%
26.54%
26.53%
17.20%
33.17%
34.84%
36.74%
36.77%
PAT
3,187.92
2,854.53
2,261.87
1,932.69
2,072.40
1,136.87
773.21
1,075.15
1,827.30
1,185.19
511.64
PAT before Minority Interest
3,180.98
2,861.11
2,260.87
1,943.05
2,071.20
1,150.34
780.28
1,085.82
1,867.28
1,216.29
529.70
Minority Interest
-6.94
-6.58
1.00
-10.36
1.20
-13.47
-7.07
-10.67
-39.98
-31.10
-18.06
PAT Margin
14.67%
13.59%
12.25%
12.23%
16.32%
10.05%
6.38%
9.05%
17.62%
15.03%
7.16%
PAT Growth
43.18%
26.20%
17.03%
-6.74%
82.29%
47.03%
-28.08%
-41.16%
54.18%
131.65%
 
EPS
22.93
20.54
16.27
13.90
14.91
8.18
5.56
7.73
13.15
8.53
3.68

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
26,638.64
21,529.46
19,933.25
18,560.09
16,896.31
15,776.37
11,969.01
11,269.02
9,855.00
6,960.16
Share Capital
277.91
246.98
246.88
246.72
246.60
246.40
123.07
122.98
122.90
113.01
Total Reserves
26,327.59
21,256.36
18,872.29
18,273.18
16,606.67
15,479.77
11,792.23
11,109.45
9,709.83
6,822.53
Non-Current Liabilities
72,539.18
76,854.90
65,859.39
75,868.19
60,469.79
62,897.34
64,789.70
54,162.62
39,538.20
25,202.71
Secured Loans
42,042.73
45,766.59
37,402.12
68,055.08
49,992.57
52,789.17
55,739.10
48,532.64
36,368.23
20,467.55
Unsecured Loans
30,703.36
31,351.03
28,138.64
8,335.11
11,193.98
10,835.40
9,443.39
5,888.01
3,752.05
4,443.24
Long Term Provisions
190.38
83.42
99.00
135.01
144.97
134.81
128.59
115.73
91.15
621.69
Current Liabilities
58,586.86
44,848.83
37,079.74
9,769.34
5,349.82
5,883.25
4,365.36
8,616.12
8,473.32
20,203.08
Trade Payables
1,142.08
1,440.65
1,679.02
1,286.01
1,163.83
778.94
722.84
1,148.48
1,138.20
606.88
Other Current Liabilities
1,376.65
1,177.02
2,338.02
3,196.48
3,088.32
3,477.58
3,090.60
2,933.53
2,329.29
10,737.02
Short Term Borrowings
55,624.35
41,975.62
32,778.37
5,038.37
939.08
1,476.38
451.75
4,380.98
4,865.88
7,140.65
Short Term Provisions
443.78
255.54
284.33
248.48
158.59
150.35
100.17
153.13
139.95
1,718.53
Total Liabilities
1,57,818.01
1,43,276.71
1,22,913.99
1,04,338.97
82,857.38
84,656.11
81,213.75
74,126.27
58,011.62
52,465.75
Net Block
1,328.31
1,206.95
1,007.96
870.60
515.28
399.04
455.36
201.45
146.66
133.39
Gross Block
2,555.27
2,227.04
1,867.48
1,608.52
1,131.69
967.34
907.57
527.93
412.82
358.32
Accumulated Depreciation
1,226.96
1,020.09
859.52
737.92
616.41
568.30
452.21
326.48
266.17
224.93
Non Current Assets
1,46,260.80
1,30,593.44
1,16,025.95
16,025.78
10,671.93
13,889.29
4,766.97
5,094.85
3,749.79
29,182.74
Capital Work in Progress
7.07
66.16
105.59
2.64
2.10
11.73
0.56
0.79
0.46
1.14
Non Current Investment
4,974.17
4,965.34
7,736.51
10,037.16
8,628.03
12,100.11
1,917.86
2,516.70
1,966.33
797.94
Long Term Loans & Adv.
623.26
736.36
733.47
235.71
153.85
51.07
36.51
372.77
257.10
211.89
Other Non Current Assets
63.16
105.07
98.46
1,398.60
176.52
312.61
492.27
122.61
18.76
147.83
Current Assets
11,557.21
12,683.27
6,888.04
88,313.19
72,185.45
70,766.82
76,446.78
69,031.42
54,261.83
23,283.01
Current Investments
2,432.74
5,624.45
1,861.95
25.97
26.10
26.22
3,422.51
810.65
411.61
575.98
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Sundry Debtors
325.74
246.69
173.35
98.35
64.83
54.64
52.91
53.60
56.44
22.96
Cash & Bank
7,568.12
5,847.20
4,075.09
4,066.91
4,827.61
4,037.19
1,531.60
994.04
477.90
603.88
Other Current Assets
1,230.61
964.93
687.63
1,462.77
67,266.91
66,648.77
71,439.76
67,173.13
53,315.87
22,080.19
Short Term Loans & Adv.
0.00
0.00
90.02
82,659.19
66,047.81
65,803.04
70,778.58
66,457.22
52,690.61
21,455.36
Net Current Assets
-47,029.65
-32,165.56
-30,191.70
78,543.85
66,835.63
64,883.57
72,081.42
60,415.30
45,788.51
3,079.93
Total Assets
1,57,818.01
1,43,276.71
1,22,913.99
1,04,338.97
82,857.38
84,656.11
81,213.75
74,126.27
58,011.62
52,465.75

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
-12,772.18
-15,601.88
-18,448.55
-17,395.31
18.06
5,825.89
-3,115.23
-12,077.94
-8,509.69
-6,466.94
PBT
3,889.21
2,961.68
2,532.07
2,816.50
1,483.83
666.06
1,556.13
2,793.83
1,874.11
837.75
Adjustment
-5,830.24
-5,598.45
-5,230.49
-5,609.13
-3,647.58
-2,507.48
2,330.69
637.51
642.07
1,257.75
Changes in Working Capital
-17,186.03
-18,429.42
-22,050.83
-21,150.96
-4,402.34
297.18
-6,413.70
-14,685.39
-10,361.37
-8,029.91
Cash after chg. in Working capital
-19,127.06
-21,066.19
-24,749.25
-23,943.59
-6,566.09
-1,544.24
-2,526.88
-11,254.05
-7,845.19
-5,934.41
Interest Paid
-8,876.04
-6,522.04
-6,925.23
-5,201.64
-4,826.59
-4,742.22
0.00
0.00
0.00
0.00
Tax Paid
-782.55
-870.23
-826.67
-533.75
-573.23
-658.56
-588.35
-823.89
-664.50
-532.54
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
16,013.47
12,856.58
14,052.60
12,283.67
11,983.97
12,770.91
0.00
0.00
0.00
0.00
Cash From Investing Activity
769.52
-1,076.89
2,670.28
-1,635.37
3,110.59
-8,348.44
-2,689.11
-1,213.05
243.13
-97.40
Net Fixed Assets
-266.03
-313.50
-337.65
-396.12
-84.89
-79.13
-300.13
-90.11
-38.98
-32.74
Net Investments
3,580.11
-749.66
337.80
-1,548.35
3,265.08
-5,794.37
-2,119.28
-1,057.59
-861.05
-389.72
Others
-2,544.56
-13.73
2,670.13
309.10
-69.60
-2,474.94
-269.70
-65.35
1,143.16
325.06
Cash from Financing Activity
10,637.20
17,605.33
16,094.90
18,851.96
-3,172.88
2,548.48
6,049.72
13,489.53
8,173.71
6,765.94
Net Cash Inflow / Outflow
-1,365.46
926.56
316.63
-178.72
-44.23
25.93
245.38
198.54
-92.85
201.59
Opening Cash & Equivalents
1,830.50
903.54
586.53
765.18
808.53
782.60
537.22
338.69
431.54
235.67
Closing Cash & Equivalent
465.45
1,830.25
903.54
586.53
765.32
808.53
782.60
537.22
338.69
437.26

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
191.47
169.42
150.70
150.13
136.69
127.65
118.08
111.40
97.58
74.85
ROA
1.90%
1.70%
1.71%
2.21%
1.37%
0.89%
1.34%
2.76%
2.15%
1.09%
ROE
11.89%
11.13%
10.32%
11.71%
7.06%
5.36%
8.99%
17.28%
14.14%
7.92%
ROCE
8.63%
8.92%
8.75%
8.82%
7.46%
7.83%
9.41%
11.90%
10.73%
9.13%
Fixed Asset Turnover
8.78
9.02
9.09
9.27
10.78
12.92
16.56
22.05
20.45
21.30
Receivable days
4.97
4.15
3.14
2.35
1.93
1.62
1.64
1.94
1.84
1.10
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Payable days
0.00
0.00
0.00
0.00
0.00
0.00
157.42
212.77
216.02
148.33
Cash Conversion Cycle
4.97
4.15
3.14
2.35
1.93
1.62
-155.78
-210.83
-214.18
-147.24
Total Debt/Equity
4.83
5.54
5.14
4.40
3.69
4.14
5.51
5.23
4.22
5.86
Interest Cover
1.43
1.36
1.37
1.55
1.35
1.17
1.29
1.63
1.55
1.26

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Mahindra Finance raises Rs 2,000 crore through NCDs
    25th Sep 2026, 14:39 PM

    The Debenture Issuance Committee at their meeting held on September 24, 2026, has approved allotment of the same

    Read More
  • Mah & Mah Finl. Serv - Quarterly Results
    22nd Jul 2026, 00:00 AM

    Read More
  • Mahindra & Mahindra Financial Services reports 75% jump in Q1 consolidated net profit
    21st Jul 2026, 16:59 PM

    Consolidated total income of the company increased by 14.19% to Rs 5,724.81 crore for Q1FY27

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.