Mahindra & Mahindra Financial Services Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 15.5x vs industry 37.5x)
- Regular dividends — yield 2%
- Near 52-week low — potential value zone (₹266)
Concerns
- Heavy debt load (D/E 4.3x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹712 | ₹11.0L Cr | 13.9 | 1.83 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,423 | ₹10.2L Cr | 18.2 | 2.7 | 15.9 | 7.18 | — |
| SBIN State Bank of India | ₹1,016 | ₹9.4L Cr | 11.2 | 1.51 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹1,061 | ₹6.6L Cr | 32.2 | 5.8 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹415 | ₹5.3L Cr | 8.75 | — | 37.8 | 35.1 | 0 |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹425 | ₹4.2L Cr | 21.1 | 2.33 | 11.4 | 6.98 | — |
| AXISBANK Axis Bank Limited | ₹1,273 | ₹4.0L Cr | 14.3 | 1.79 | 13.1 | 6.24 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
M&MFIN · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% | 52.16% |
| FII | 12.72% | 11.95% | 10.08% | 10.19% | 10.49% | 10.68% |
| DII | 26.96% | 28.61% | 30.66% | 31.58% | 31.17% | 31.31% |
| Public | 8.06% | 7.18% | 7.00% | 6.01% | 6.14% | 5.81% |
| Others | 0.10% | 0.09% | 0.09% | 0.07% | 0.06% | 0.05% |
Corporate Events
Mahindra & Mahindra Financial Services Ltd has informed that the meeting of the Board of Directors of the Company is scheduled on July 21, 2026,inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended June 3
Latest News
All newsM&M FSL to merge with Mahindra Finance
*M&M FSL to merge with Mahindra Finance* — The board approved the scheme of merger, consolidating operations under Mahindra & Mahindra. This move aims to streamline the financial services business and unlock shareholder value. The merged entity will strengthen the group’s rural financing footprint. 📊 *STOCKS:* $M&MFIN | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Merger
M&M Financial to host Q1 FY27 earnings call
*M&M Financial to host Q1 FY27 earnings call*. Company scheduled an analyst and institutional investor meet to discuss Q1 FY27 earnings. The update follows routine corporate disclosure norms ahead of financial results. Traders may anticipate guidance or performance insights during the con-call. 📊 *STOCKS:* M&MFIN | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #earnings
M&M Financial to host investor conference call
*M&M Financial to host investor conference call.* The company has informed the exchange about the schedule of an upcoming analyst and institutional investor meet. Such events are routine and typically used to share business updates or outlook. No financial figures or strategic shifts were disclosed. 📊 *STOCKS:* $M&MFIN | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorCall
M&M Financial updates on investor conference schedule
*M&M Financial updates on investor conference schedule*. Mahindra & Mahindra Financial Services has informed the NSE about the schedule for its upcoming Analyst and Institutional Investor Meet. The event will provide insights into the company’s financial performance and strategic outlook. No material business updates were disclosed. 📊 *STOCKS:* $M&MFIN | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
M&M Finance receives ESG rating update
*M&M Finance receives ESG rating update.* The filing indicates a periodic ESG assessment with no immediate financial impact. Such ratings may influence long-term investor sentiment and fund allocation. ESG scores are increasingly used in portfolio screening by institutional investors. 📊 *STOCKS:* M&MFIN | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESG
M&M Financial Services declares dividend, announces AGM details
M&M Financial Services has published a newspaper notice for its 36th Annual General Meeting, including record date and **dividend** details. The announcement confirms the company’s compliance with regulatory requirements for shareholder communication. No new financial updates or surprises were disclosed. 📊 *STOCKS:* M&MFIN | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Op. Profit | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — |
| Net Profit | ₹940 Cr 13.8% | ₹826 Cr 45.9% | ₹566 Cr 7.0% | ₹529 Cr 16.0% | ₹456 Cr 50.3% | ₹918 Cr 135.4% | ₹390 Cr 21.5% | ₹497 Cr |
| EPS (₹) | 6.75 13.8% | 5.93 46.1% | 4.06 6.8% | 3.8 15.5% | 3.29 50.2% | 6.6 135.7% | 2.8 21.8% | 3.58 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Expenses | ₹7.9K Cr 15.3% | ₹6.8K Cr 10.1% | ₹6.2K Cr 32.1% | ₹4.7K Cr 12.2% | ₹5.3K Cr 11.6% | ₹6.0K Cr 23.3% | ₹4.9K Cr 56.7% | ₹3.1K Cr 22.9% | ₹2.5K Cr 18.4% | ₹3.1K Cr |
| Op. Profit | — | — | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — | — | — |
| Other Income | ₹-17 Cr 122.1% | ₹77 Cr 20.3% | ₹64 Cr 900.0% | ₹-8 Cr 117.0% | ₹47 Cr 17.5% | ₹57 Cr 21.3% | ₹47 Cr 4.1% | ₹49 Cr 48.5% | ₹33 Cr 175.0% | ₹12 Cr |
| Interest | ₹8.9K Cr 6.2% | ₹8.4K Cr 20.9% | ₹7.0K Cr 36.6% | ₹5.1K Cr 15.3% | ₹4.4K Cr 16.8% | ₹5.3K Cr 1.5% | ₹5.4K Cr 21.6% | ₹4.4K Cr 29.0% | ₹3.4K Cr 7.8% | ₹3.2K Cr |
| Depreciation | ₹386 Cr 20.2% | ₹321 Cr 16.7% | ₹275 Cr 21.7% | ₹226 Cr 48.7% | ₹152 Cr 0.7% | ₹151 Cr 2.7% | ₹147 Cr 93.4% | ₹76 Cr 38.2% | ₹55 Cr 1.9% | ₹54 Cr |
| PBT | ₹3.8K Cr 26.4% | ₹3.0K Cr 17.0% | ₹2.6K Cr 7.7% | ₹2.8K Cr 81.0% | ₹1.5K Cr 65.8% | ₹934 Cr 41.7% | ₹1.6K Cr 43.6% | ₹2.8K Cr 49.1% | ₹1.9K Cr 127.3% | ₹838 Cr |
| Tax % | 25.0% 0.0% | 25.0% 0.0% | 25.0% 3.8% | 26.0% 0.0% | 26.0% 62.5% | 16.0% 50.0% | 32.0% 5.9% | 34.0% 5.6% | 36.0% 2.7% | 37.0% |
| Net Profit | ₹2.9K Cr 26.5% | ₹2.3K Cr 16.4% | ₹1.9K Cr 6.2% | ₹2.1K Cr 80.1% | ₹1.1K Cr 47.4% | ₹780 Cr 28.2% | ₹1.1K Cr 41.8% | ₹1.9K Cr 53.5% | ₹1.2K Cr 129.4% | ₹530 Cr |
| EPS (₹) | 20.54 26.2% | 16.27 17.1% | 13.9 6.8% | 14.91 82.3% | 8.18 47.1% | 5.56 28.1% | 7.73 41.2% | 13.15 54.2% | 8.53 113.2% | 4 |
| Div Payout | 37.0% 5.7% | 35.0% 12.5% | 40.0% 11.1% | 36.0% 7.7% | 39.0% 200.0% | 13.0% | 0.0% 100.0% | 22.0% 4.8% | 21.0% 22.2% | 27.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹278 Cr 12.6% | ₹247 Cr 0.0% | ₹247 Cr 0.0% | ₹247 Cr 0.0% | ₹247 Cr 0.4% | ₹246 Cr 100.0% | ₹123 Cr 0.0% | ₹123 Cr 0.0% | ₹123 Cr 8.8% | ₹113 Cr |
| Reserves | ₹26.4K Cr 23.9% | ₹21.3K Cr 8.1% | ₹19.7K Cr 7.5% | ₹18.3K Cr 10.0% | ₹16.6K Cr 7.2% | ₹15.5K Cr 31.1% | ₹11.8K Cr 6.3% | ₹11.1K Cr 14.5% | ₹9.7K Cr 42.1% | ₹6.8K Cr |
| Borrowings | — | — | — | — | — | — | — | — | — | — |
| Other Liabilities | ₹3.6K Cr 4.4% | ₹3.5K Cr 36.2% | ₹5.5K Cr 7.2% | ₹5.1K Cr 6.5% | ₹4.8K Cr 1.3% | ₹4.7K Cr 12.8% | ₹4.2K Cr 7.0% | ₹4.5K Cr 15.8% | ₹3.9K Cr 30.8% | ₹5.6K Cr |
| Total Liabilities | ₹1.6L Cr 10.1% | ₹1.4L Cr 16.5% | ₹1.2L Cr 17.7% | ₹1.1L Cr 25.4% | ₹83.8K Cr 2.1% | ₹85.6K Cr 4.7% | ₹81.8K Cr 9.7% | ₹74.6K Cr 27.0% | ₹58.7K Cr 10.3% | ₹53.2K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.3K Cr 10.0% | ₹1.2K Cr 19.7% | ₹1.0K Cr 15.7% | ₹871 Cr 69.1% | ₹515 Cr 29.1% | ₹399 Cr 12.3% | ₹455 Cr 126.4% | ₹201 Cr 36.7% | ₹147 Cr 10.5% | ₹133 Cr |
| CWIP | ₹7 Cr 89.4% | ₹66 Cr 37.1% | ₹105 Cr 3400.0% | ₹3 Cr 50.0% | ₹2 Cr 83.3% | ₹12 Cr 1100.0% | ₹1 Cr 0.0% | ₹1 Cr | ₹0 Cr 100.0% | ₹1 Cr |
| Investments | ₹7.4K Cr 30.1% | ₹10.6K Cr 10.3% | ₹9.6K Cr 4.6% | ₹10.1K Cr 16.3% | ₹8.7K Cr 28.6% | ₹12.1K Cr 127.1% | ₹5.3K Cr 60.5% | ₹3.3K Cr 39.9% | ₹2.4K Cr 73.1% | ₹1.4K Cr |
| Other Assets | ₹1.5L Cr 13.4% | ₹1.3L Cr 17.0% | ₹1.1L Cr 20.0% | ₹94.1K Cr 26.1% | ₹74.6K Cr 2.2% | ₹73.1K Cr 3.9% | ₹76.0K Cr 7.0% | ₹71.0K Cr 26.4% | ₹56.2K Cr 8.7% | ₹51.7K Cr |
| Total Assets | ₹1.6L Cr 10.1% | ₹1.4L Cr 16.5% | ₹1.2L Cr 17.7% | ₹1.1L Cr 25.4% | ₹83.8K Cr 2.1% | ₹85.6K Cr 4.7% | ₹81.8K Cr 9.7% | ₹74.6K Cr 27.0% | ₹58.7K Cr 10.3% | ₹53.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-12.8K Cr 18.1% | ₹-15.6K Cr 15.4% | ₹-18.4K Cr 6.1% | ₹-17.4K Cr 96738.9% | ₹18 Cr 99.7% | ₹5.8K Cr 287.0% | ₹-3.1K Cr 74.2% | ₹-12.1K Cr 41.9% | ₹-8.5K Cr 31.6% | ₹-6.5K Cr |
| Investing CF | ₹770 Cr 171.5% | ₹-1.1K Cr 140.3% | ₹2.7K Cr 263.4% | ₹-1.6K Cr 152.5% | ₹3.1K Cr 137.3% | ₹-8.3K Cr 210.4% | ₹-2.7K Cr 121.7% | ₹-1.2K Cr 599.2% | ₹243 Cr 350.5% | ₹-97 Cr |
| Financing CF | ₹10.6K Cr 39.6% | ₹17.6K Cr 9.4% | ₹16.1K Cr 14.6% | ₹18.9K Cr 694.1% | ₹-3.2K Cr 224.5% | ₹2.5K Cr 57.9% | ₹6.0K Cr 55.2% | ₹13.5K Cr 65.0% | ₹8.2K Cr 20.8% | ₹6.8K Cr |
| Net Cash Flow | ₹-1.4K Cr 247.2% | ₹927 Cr 192.4% | ₹317 Cr 277.1% | ₹-179 Cr 316.3% | ₹-43 Cr 265.4% | ₹26 Cr 89.4% | ₹245 Cr 23.1% | ₹199 Cr 314.0% | ₹-93 Cr 146.0% | ₹202 Cr |
| Free Cash Flow | ₹-13.1K Cr 17.9% | ₹-16.0K Cr 14.7% | ₹-18.7K Cr 5.2% | ₹-17.8K Cr 6347.1% | ₹-276 Cr 104.8% | ₹5.8K Cr 279.0% | ₹-3.2K Cr 73.5% | ₹-12.2K Cr 42.3% | ₹-8.6K Cr 31.4% | ₹-6.5K Cr |
Values in ₹ Cr · Source: Screener.in