Mahindra & Mahindra Financial Services Ltd (M&MFIN)
₹261.70
Mkt cap
₹36,381 Cr
P/E ratio
9.84
P/B
1.32
Div yield
2.87%
ROE
12.30%
ROCE
8.72%
EPS (TTM)
₹26.60
Book value
₹198
52W range
253–415
Sector
Financial Services
Price history
Previous close
Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group,is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing. [1]
NSE M&MFINBSE 532720
Health check
Mixed
ValuationCheap
ProfitabilityWeak
TechnicalsNeutral
52-week range
−36.94% from high₹262
₹253+3.28% from low₹415
Current
₹261.70
Prev close
₹264.80
Day
−1.17%
Price performance
1D
−0.49%
1W
−4.84%
1M
−19.68%
3M
−32.87%
6M
−17.71%
1Y
−11.64%
YTD
−35.05%
Financials
Revenue, profit & margin
P/E ratio
9.8×
M&MFIN is 47% below the sector median of 18.4×
M&MFIN9.8×
Sector median18.4×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,833 | 4,100 | 4,280 | 4,316 | 4,465 | 4,797 | 4,886 | 4,991 | 5,026 | 5,450 | 5,539 | 5,718 | 5,936 | |
| Interest | 1,703 | 1,798 | 1,861 | 1,960 | 2,062 | 2,175 | 2,218 | 2,280 | 2,198 | 2,236 | 2,220 | 2,372 | 2,523 | |
| Expenses | 1,724 | 1,456 | 1,520 | 1,676 | 1,830 | 1,325 | 2,001 | 1,964 | 2,015 | 1,913 | 1,987 | 2,034 | 2,128 | |
| Financing Profit | 406 | 846 | 900 | 679 | 573 | 1,297 | 667 | 746 | 814 | 1,301 | 1,332 | 1,312 | 1,284 | |
| Financing Margin % | 11% | 21% | 21% | 16% | 13% | 27% | 14% | 15% | 16% | 24% | 24% | 23% | 22% | |
| Other Income | 44 | 50 | 68 | 58 | 28 | 19 | 27 | 43 | 39 | -100 | 37 | 29 | 48 | |
| Depreciation | 67 | 69 | 72 | 76 | 79 | 82 | 85 | 86 | 94 | 96 | 110 | 99 | 109 | |
| Profit before tax | 383 | 826 | 896 | 661 | 523 | 1,233 | 609 | 704 | 759 | 1,105 | 1,259 | 1,242 | 1,223 | |
| Tax % | 25% | 25% | 25% | 25% | 25% | 26% | 25% | 25% | 25% | 25% | 25% | 25% | 26% | |
| Net Profit | 287 | 623 | 671 | 497 | 390 | 918 | 456 | 529 | 566 | 826 | 940 | 927 | 911 | |
| EPS in Rs | 2.02 | 4.48 | 4.82 | 3.58 | 2.80 | 6.60 | 3.29 | 3.80 | 4.06 | 5.93 | 6.75 | 6.66 | 6.54 | |
| Gross NPA % | ||||||||||||||
| Net NPA % | ||||||||||||||
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.35% · closed higher next day 35 of last 62
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25† | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 31 Jan '24 | 5 May '24◦ | 24 Jul '24 | 22 Oct '24◦ | 29 Jan '25 | 22 Apr '25◦ | 22 Jul '25 | 28 Oct '25◦ | 28 Jan '26◦ | 24 Apr '26◦ | 21 Jul '26 | 21 Oct '26◦ |
| Earnings day | +3.45% | −2.70% | +0.96% | −5.01% | −0.73% | −2.61% | +1.03% | +5.85% | +1.11% | +7.91% | +8.46% | −3.31% |
| +1 day | +1.79% | −3.82% | −2.03% | −4.52% | +1.71% | −3.08% | −1.39% | +5.27% | +1.46% | +6.20% | +17.24% | −6.91% |
| +5 days | +6.17% | −1.25% | +2.50% | −2.66% | +9.49% | −5.45% | −4.15% | +4.00% | +1.39% | +3.79% | +15.80% | −10.98% |
| +15 days | +3.38% | +0.80% | −2.69% | −8.81% | +0.29% | −1.60% | −2.24% | +15.57% | +2.50% | +8.58% | +23.64% | — |
| +30 days | −4.53% | +15.20% | +11.24% | −0.89% | −0.64% | −2.60% | +0.02% | +13.47% | −10.79% | −5.83% | +12.97% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 7.50 Per Share | 7.50 | 13 Jul '26 | 13 Jul '26 |
Shareholding
as of Sep 202652.48%Promoter
Promoters52.48%0.01
FIIs9.95%0.42
DIIs31.56%0.08
Public5.97%0.49
Ownership trend
Peers
8 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finance | ₹939.10 | 26.73 | 5,84,679 | 0.58% | 6,367 | +28.53% | 24,546 | +22.79% | 10.87% |
| Shriram Finance | ₹823.15 | 15.27 | 1,93,694 | 1.31% | 3,684 | +59.18% | 13,792 | +15.78% | 11.49% |
| Tata Capital | ₹319.90 | 22.64 | 1,35,793 | 0.18% | 1,832 | +51.27% | 9,342 | +20.74% | 8.58% |
| Cholaman.Inv.&Fn | ₹1,586.00 | 21.78 | 1,35,517 | 0.13% | 1,630 | +40.59% | 9,271 | +23.75% | 9.71% |
| Muthoot Finance | ₹2,408.60 | 8.50 | 96,698 | 1.25% | 2,825 | +38.83% | 8,672 | +34.44% | 15.80% |
| L&T Finance Ltd | ₹244.40 | 17.79 | 61,256 | 1.13% | 973 | +32.70% | 5,484 | +26.49% | 8.40% |
| SBI Cards | ₹525.00 | 19.16 | 49,962 | 0.48% | 778 | +74.83% | 5,141 | +3.62% | 10.10% |
| M & M Fin. Serv. | ₹261.70 | 9.84 | 36,381 | 2.87% | 911 | +61.11% | 5,936 | +18.09% | 8.72% |
| Median: 104 Co. | ₹130.87 | 18.42 | 496 | 0.00% | 11 | +38.83% | 50 | +27.11% | 9.46% |
Filings
Annual reports15
Concall transcripts91
TranscriptOct 2026PPTOct 2026RECOct 2026TranscriptJul 2026PPTJul 2026RECJul 2026TranscriptApr 2026PPTApr 2026RECApr 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025PPTOct 2025TranscriptJul 2025PPTJul 2025TranscriptApr 2025PPTApr 2025RECApr 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptOct 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 27 OctAnnouncement under Regulation 30 (LODR)-Newspaper Publication 22 Oct - Copy of Newspaper Publication- Extract of Financial Results Q2 FY 2027Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Oct - Q2 and H1 FY27 earnings concall audio uploaded on 21 October 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Oct - Mahindra Finance reported Q2 FY27 standalone PAT of ₹882 crore, up 55%; consolidated PAT ₹911 crore.Announcement under Regulation 30 (LODR)-Investor Presentation 21 Oct