Nifty
:
23719.30
Sensex
:
75415.35
64.60 (0.27%)
231.99 (0.31%)
Nifty
Sensex
:
:
23719.30
75415.35
64.60 (0.27%)
231.99 (0.31%)

Mahindra & Mahindra Financial Services Ltd.

Finance - NBFC

Rating :
64/99

BSE: 532720 | NSE: M%26MFIN

NSE BSE
299.55
22-May-2026
  • Open
  • High
  • Low
  • Previous Close
  •  303.8
  •  303.8
  •  294.3
  •  301.95
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  3169694
  •  945260689.5
  •  412.2
  •  246.35

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 41,629.64
  • 14.58
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,11,673.87
  • 2.50%
  • 1.56

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 52.49%
  • 0.27%
  • 5.27%
  • FII
  • DII
  • Others
  • 9.4%
  • 21.51%
  • 11.06%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 10.91
  • 8.80
  • 13.28

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.00
  • 13.91
  • 12.07

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.34
  • 23.95
  • 2.96

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 16.27
  • 16.66
  • 16.99

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 1.74
  • 1.65
  • 1.78

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 11.94
  • 12.04
  • 10.26

Earnings Forecasts:

(Updated: 23-05-2026)
Description
2024
2025
2026
2027
Adj EPS
20.58
24.59
28.53
31.37
P/E Ratio
14.56
12.18
10.50
9.55
Revenue
10044.5
11541
13056.9
14903.2
EBITDA
5724.46
6753.4
7772.07
8567.33
Net Income
2825.25
3415.73
3965.66
4372.18
ROA
1.95
2.15
2.19
2.19
P/B Ratio
1.72
1.55
1.39
1.24
ROE
12.74
13.3
14.05
13.93
FCFF
FCFF Yield
Net Debt
100609
112055
126381
142804
BVPS
174.02
193.71
214.84
242.03

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Net Sales
5,538.73
4,885.63
13.37%
5,449.84
4,796.80
13.61%
5,026.19
4,465.15
12.56%
4,990.61
4,315.52
15.64%
Expenses
1,986.54
2,000.94
-0.72%
1,912.64
1,325.24
44.32%
2,014.54
1,829.58
10.11%
1,964.16
1,676.38
17.17%
EBITDA
3,552.19
2,884.69
23.14%
3,537.20
3,471.56
1.89%
3,011.65
2,635.57
14.27%
3,026.45
2,639.14
14.68%
EBIDTM
64.13%
59.04%
64.90%
72.37%
59.92%
59.03%
60.64%
61.15%
Other Income
20.79
11.21
85.46%
14.48
2.65
446.42%
23.26
14.09
65.08%
22.83
39.41
-42.07%
Interest
2,219.88
2,217.77
0.10%
2,236.02
2,174.91
2.81%
2,197.68
2,062.42
6.56%
2,279.98
1,960.33
16.31%
Depreciation
110.10
84.52
30.27%
96.18
82.20
17.01%
93.93
78.67
19.40%
85.87
75.82
13.26%
PBT
1,243.00
593.61
109.40%
1,086.53
1,217.10
-10.73%
743.30
508.57
46.15%
683.43
642.40
6.39%
Tax
318.59
153.28
107.85%
278.92
315.37
-11.56%
192.66
132.93
44.93%
174.62
164.46
6.18%
PAT
924.41
440.33
109.94%
807.61
901.73
-10.44%
550.64
375.64
46.59%
508.81
477.94
6.46%
PATM
16.69%
9.01%
14.82%
18.80%
10.96%
8.41%
10.20%
11.07%
EPS
6.75
3.60
87.50%
5.93
7.23
-17.98%
4.06
3.07
32.25%
3.80
3.92
-3.06%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
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
6,553.87
Net Sales Growth
13.77%
16.88%
24.39%
12.21%
-6.55%
1.90%
14.59%
31.56%
10.32%
9.04%
 
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
21,005.37
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
6,553.87
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total Expenditure
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
2,459.28
Power & Fuel Cost
-
21.80
21.99
19.45
15.81
11.87
22.14
26.06
23.44
21.72
19.53
% Of Sales
-
0.12%
0.14%
0.15%
0.14%
0.10%
0.19%
0.25%
0.30%
0.30%
0.30%
Employee Cost
-
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
704.09
% Of Sales
-
12.75%
14.32%
16.66%
14.25%
11.43%
13.54%
14.25%
14.42%
12.41%
10.74%
Manufacturing Exp.
-
1,411.50
1,160.55
640.05
503.98
309.78
331.61
338.47
226.86
369.49
294.13
% Of Sales
-
7.64%
7.35%
5.04%
4.45%
2.56%
2.79%
3.26%
2.88%
5.17%
4.49%
General & Admin Exp.
-
920.71
794.74
706.64
493.74
315.15
600.44
560.63
474.79
443.70
329.66
% Of Sales
-
4.99%
5.03%
5.56%
4.36%
2.60%
5.05%
5.41%
6.02%
6.21%
5.03%
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.
-
2,145.33
1,995.73
2,657.91
2,822.22
4,038.38
2,366.59
1,837.84
1,082.51
1,423.19
0.00
% Of Sales
-
11.62%
12.63%
20.93%
24.94%
33.34%
19.91%
17.72%
13.73%
19.92%
17.26%
EBITDA
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
4,094.59
EBITDA Margin
62.50%
62.99%
60.67%
51.81%
51.99%
50.07%
58.70%
59.36%
62.95%
56.30%
62.48%
Other Income
81.36
174.95
181.73
1,557.16
168.68
60.29
116.62
1,144.84
402.44
54.46
43.58
Interest
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
2,868.35
Depreciation
386.08
321.21
274.85
225.96
151.99
150.51
146.87
75.53
55.21
53.72
45.70
PBT
3,756.26
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
1,224.12
Tax
964.79
766.04
645.13
732.56
399.08
153.86
516.21
973.48
688.51
308.05
436.72
Tax Rate
25.68%
25.87%
25.48%
26.54%
26.53%
17.20%
33.17%
34.84%
36.74%
36.77%
35.68%
PAT
2,791.47
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
772.29
PAT before Minority Interest
2,784.89
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
787.40
Minority Interest
-6.58
1.00
-10.36
1.20
-13.47
-7.07
-10.67
-39.98
-31.10
-18.06
-15.11
PAT Margin
13.29%
12.25%
12.23%
16.32%
10.05%
6.38%
9.05%
17.62%
15.03%
7.16%
11.78%
PAT Growth
27.14%
17.03%
-6.74%
82.29%
47.03%
-28.08%
-41.16%
54.18%
131.65%
-33.75%
 
EPS
20.08
16.27
13.90
14.91
8.18
5.56
7.73
13.15
8.53
3.68
5.56

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
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
6,469.40
Share Capital
246.98
246.88
246.72
246.60
246.40
123.07
122.98
122.90
113.01
112.92
Total Reserves
20,467.98
18,872.29
18,273.18
16,606.67
15,479.77
11,792.23
11,109.45
9,709.83
6,822.53
6,332.06
Non-Current Liabilities
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
20,666.33
Secured Loans
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
16,218.60
Unsecured Loans
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
4,122.61
Long Term Provisions
83.42
99.00
135.01
144.97
134.81
128.59
115.73
91.15
621.69
491.72
Current Liabilities
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
17,204.35
Trade Payables
1,440.65
1,679.02
1,286.01
1,163.83
778.94
722.84
1,148.48
1,138.20
606.88
496.39
Other Current Liabilities
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
9,921.13
Short Term Borrowings
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
5,217.53
Short Term Provisions
255.54
284.33
248.48
158.59
150.35
100.17
153.13
139.95
1,718.53
1,569.30
Total Liabilities
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
44,407.61
Net Block
1,206.95
1,007.96
870.60
515.28
399.04
455.36
201.45
146.66
133.39
129.05
Gross Block
2,227.04
1,867.48
1,608.52
1,131.69
967.34
907.57
527.93
412.82
358.32
312.70
Accumulated Depreciation
1,020.09
859.52
737.92
616.41
568.30
452.21
326.48
266.17
224.93
183.65
Non Current Assets
1,33,379.06
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
23,780.08
Capital Work in Progress
66.16
105.59
2.64
2.10
11.73
0.56
0.79
0.46
1.14
0.02
Non Current Investment
7,628.94
7,736.51
10,037.16
8,628.03
12,100.11
1,917.86
2,516.70
1,966.33
797.94
652.21
Long Term Loans & Adv.
736.36
733.47
235.71
153.85
51.07
36.51
372.77
257.10
211.89
173.26
Other Non Current Assets
227.09
98.46
1,398.60
176.52
312.61
492.27
122.61
18.76
147.83
102.80
Current Assets
9,897.65
6,888.04
88,313.19
72,185.45
70,766.82
76,446.78
69,031.42
54,261.83
23,283.01
20,627.52
Current Investments
2,960.85
1,861.95
25.97
26.10
26.22
3,422.51
810.65
411.61
575.98
546.70
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Sundry Debtors
246.69
173.35
98.35
64.83
54.64
52.91
53.60
56.44
22.96
20.00
Cash & Bank
5,847.20
4,075.09
4,066.91
4,827.61
4,037.19
1,531.60
994.04
477.90
603.88
605.94
Other Current Assets
842.91
687.63
1,462.77
1,219.10
66,648.77
71,439.76
67,173.13
53,315.87
22,080.19
19,454.88
Short Term Loans & Adv.
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
18,860.70
Net Current Assets
-34,951.18
-30,191.70
78,543.85
66,835.63
64,883.57
72,081.42
60,415.30
45,788.51
3,079.93
3,423.17
Total Assets
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
44,407.60

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
-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
-4,957.03
PBT
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
1,224.12
Adjustment
-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
908.90
Changes in Working Capital
-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
-6,434.58
Cash after chg. in Working capital
-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
-4,301.56
Interest Paid
-6,522.04
-6,925.23
-5,201.64
-4,826.59
-4,742.22
0.00
0.00
0.00
0.00
0.00
Tax Paid
-870.23
-826.67
-533.75
-573.23
-658.56
-588.35
-823.89
-664.50
-532.54
-655.48
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
12,856.58
14,052.60
12,283.67
11,983.97
12,770.91
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-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
-439.86
Net Fixed Assets
-313.50
-337.65
-396.12
-84.89
-79.13
-300.13
-90.11
-38.98
-32.74
-34.64
Net Investments
-749.66
337.80
-1,548.35
3,265.08
-5,794.37
-2,119.28
-1,057.59
-861.05
-389.72
-629.67
Others
-13.73
2,670.13
309.10
-69.60
-2,474.94
-269.70
-65.35
1,143.16
325.06
224.45
Cash from Financing Activity
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
5,430.53
Net Cash Inflow / Outflow
926.56
316.63
-178.72
-44.23
25.93
245.38
198.54
-92.85
201.59
33.64
Opening Cash & Equivalents
903.54
586.53
765.18
808.53
782.60
537.22
338.69
431.54
235.67
202.03
Closing Cash & Equivalent
1,830.25
903.54
586.53
765.32
808.53
782.60
537.22
338.69
437.26
235.67

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
163.21
150.70
150.13
136.69
127.65
118.08
111.40
97.58
74.85
69.61
ROA
1.70%
1.71%
2.21%
1.37%
0.89%
1.34%
2.76%
2.15%
1.09%
1.91%
ROE
11.35%
10.32%
11.71%
7.06%
5.36%
8.99%
17.28%
14.14%
7.92%
12.73%
ROCE
8.92%
8.75%
8.82%
7.46%
7.83%
9.41%
11.90%
10.73%
9.13%
10.81%
Fixed Asset Turnover
9.02
9.09
9.27
10.78
12.92
16.56
22.05
20.45
21.30
22.61
Receivable days
4.15
3.14
2.35
1.93
1.62
1.64
1.94
1.84
1.10
0.96
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
157.42
212.77
216.02
148.33
166.79
Cash Conversion Cycle
4.15
3.14
2.35
1.93
1.62
-155.78
-210.83
-214.18
-147.24
-165.83
Total Debt/Equity
5.75
5.14
4.40
3.69
4.14
5.51
5.23
4.22
5.86
5.28
Interest Cover
1.36
1.37
1.55
1.35
1.17
1.29
1.63
1.55
1.26
1.43

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Mahindra Finance raises Rs 2,200 crore through NCDs
    19th May 2026, 15:30 PM

    The Debenture Allotment Committee of the company has on May 19, 2026 approved allotment of the same

    Read More
  • Mahindra Finance raises Rs 875 crore through NCDs
    12th May 2026, 15:28 PM

    The NCDs have been issued at a fixed coupon rate of 7.90% per annum

    Read More
  • Mahindra Finance raises Rs 500 crore through NCDs
    28th Apr 2026, 16:00 PM

    The Debenture Allotment Committee has on April 28, 2026 approved allotment of the same

    Read More
  • Mahindra & Mahindra Financial Services reports 2- fold jump in Q4FY26 consolidated net profit
    27th Apr 2026, 11:42 AM

    Total consolidated income of the company increased by 13.53% at Rs 5559.52 crore for Q4FY26

    Read More
  • Mah & Mah Finl. Serv - Quarterly Results
    25th Apr 2026, 00:00 AM

    Read More
  • Mahindra Finance to raise upto Rs 1000 crore through NCDs
    23rd Apr 2026, 14:22 PM

    The meeting of the Committee of Directors to approve the said issuance held on April 23, 2026

    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.