Mahindra and Mahindra Financial Services Ltd
M&MFINMahindra and Mahindra Financial Services Ltd
M&MFINPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
16.12 | 1.76 | 2.21% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
18.53 | 2.58 | 0.94% |
Forecast & Ratings
Detailed Forecast from 31 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Mahindra & Mahindra Financial Services Limited is a non-banking financial company (NBFC). The Company serves the financing needs of population residing in rural and semi-urban areas of India.
Investor Presentation
View olderÂPeers
Compare with peersÂBajaj Finance Ltd
Jio Financial Services Ltd
Shriram Finance Ltd
Bajaj Housing Finance Ltd
Cholamandalam Investment and Finance Company Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 6,597.45 | 7,200.65 | 7,942.86 | 10,477.78 | 12,042.36 | 12,438.58 | 11,466.10 | 12,875.72 | 16,026.43 | 17,365.76 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 14,163.32 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 704.09 | 886.64 | 1,136.61 | 1,477.95 | 1,609.82 | 1,384.01 | 1,613.12 | 2,115.33 | 2,261.44 | |||||||||||
Selling & Administrative Expenses | 656.99 | 813.19 | 701.66 | 740.65 | 700.47 | 500.36 | 770.96 | 1,076.19 | 1,676.88 | |||||||||||
Operating & Other expenses | 3,966.54 | 4,609.35 | 4,144.58 | 5,342.88 | 7,983.17 | 9,469.56 | 7,380.61 | 6,654.48 | 9,225.08 | |||||||||||
EBITDA | 1,269.83 | 891.47 | 1,960.01 | 2,916.30 | 1,748.90 | 1,084.65 | 1,701.41 | 3,029.72 | 2,863.03 | 3,202.44 | ||||||||||
Depreciation/Amortization | 45.70 | 53.72 | 55.21 | 75.53 | 146.87 | 150.51 | 151.99 | 225.96 | 274.85 | 295.90 | ||||||||||
PBIT | 1,224.13 | 837.75 | 1,904.80 | 2,840.77 | 1,602.03 | 934.14 | 1,549.42 | 2,803.76 | 2,588.18 | 2,906.54 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 1,224.13 | 837.75 | 1,904.80 | 2,840.77 | 1,602.03 | 934.14 | 1,549.42 | 2,803.76 | 2,588.18 | 2,906.54 | ||||||||||
Taxes & Other Items | 451.83 | 326.11 | 719.61 | 1,013.46 | 526.88 | 160.93 | 412.55 | 731.36 | 655.49 | 726.55 | ||||||||||
Net Income | 772.30 | 511.64 | 1,185.19 | 1,827.31 | 1,075.15 | 773.21 | 1,136.87 | 2,072.40 | 1,932.69 | 2,179.99 | ||||||||||
EPS | 8.34 | 5.52 | 12.25 | 18.13 | 10.66 | 6.90 | 9.22 | 16.80 | 15.66 | 17.66 | ||||||||||
DPS | 2.44 | 1.46 | 2.44 | 3.96 | 0.00 | 0.80 | 3.60 | 6.00 | 6.30 | 6.30 | ||||||||||
Payout ratio | 0.29 | 0.26 | 0.20 | 0.22 | 0.00 | 0.12 | 0.39 | 0.36 | 0.40 | 0.36 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
FinancialsConsumer Finance
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Mahindra and Mahindra Financial Services Ltd | 18.18 | 1.76 | 2.21% |
Bajaj Finance Ltd | 29.69 | 5.60 | 0.52% |
Jio Financial Services Ltd | 132.68 | 1.53 | — |
Shriram Finance Ltd | 16.27 | 2.41 | 1.41% |
Price Comparison
Compare M&MFIN with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Mahindra and Mahindra Financial Services Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.1058% | Percentage of the fund’s portfolio invested in the stock 1.90% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/78 (+1) |
SBI Long Term Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4202% | Percentage of the fund’s portfolio invested in the stock 1.79% | Change in the portfolio weight of the stock over the last 3 months -0.26% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 20/64 (-5) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3060% | Percentage of the fund’s portfolio invested in the stock 2.14% | Change in the portfolio weight of the stock over the last 3 months 1.27% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 10/82 (+17) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 16, 2024
Dividend/Share
₹6.30
Ex DateEx Date
Jul 16, 2024
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹6.00
Ex DateEx Date
Jul 21, 2023
Cash Dividend
Ex DateEx DateJul 20, 2022
Dividend/Share
₹3.60
Ex DateEx Date
Jul 20, 2022
Cash Dividend
Ex DateEx DateJul 16, 2021
Dividend/Share
₹0.80
Ex DateEx Date
Jul 16, 2021
Cash Dividend
Ex DateEx DateJul 15, 2019
Dividend/Share
₹2.50
Ex DateEx Date
Jul 15, 2019
Mahindra & Mahindra Financial Services has received credit ratings from India Ratings and Research as under: Non convertible debentures (Rs 39,000 crore) - 'IND AAA'/ Outlook Stable Retail Non-convertible Debentures (Rs 10,000 crore) - 'IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail subordinated debt) Private Sub Debt (Rs 3450 crore) - 'IND AAA'/ Outlook Stable Principal Protected Market Linked Debenture (Rs 1500 crore) - IND PP-MLD AAA/Stable Retail Subordinate Debt (Rs 3000 crore) - 'IND AAA'/ Outlook Stable Commercial Paper (Rs 15,000 crore) - IND A1+Powered by Capital Market - Live
Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under:  Instrument Rated Amount (Rs crore)  Rating outstanding  Non convertible debentures 24,000 CRISIL AAA/ Stable  Subordinate debt 3,113.50 CRISIL AAA/ Stable  Commercial paper 15,000 CRISIL A1+ Powered by Capital Market - Live
Net profit of Mahindra & Mahindra Financial Services rose 38.54% to Rs 389.42 crore in the quarter ended September 2024 as against Rs 281.09 crore during the previous quarter ended September 2023. Sales rose 16.48% to Rs 4465.15 crore in the quarter ended September 2024 as against Rs 3833.25 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4465.153833.25 16 OPM %59.0355.03 - PBDT601.63450.35 34 PBT522.96383.27 36 NP389.42281.09 39 Powered by Capital Market - Live
Mahindra & Mahindra Financial Services has received credit ratings from India Ratings & Research as under: 1 Non-convertible Debentures (Rs 39,000 crore) - 'IND AAA'/ Outlook Stable 2 Retail Non-convertible Debentures (Rs 10,000 crore) - 'IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail subordinated debt) 3 Private Sub Debt (Rs 34,500 crore) - 'IND AAA'/ Outlook Stable 4 Principal Protected Market Linked Debenture (Rs 1,500 crore) - IND PP-MLD AAA/Stable 5 Retail Subordinate Debt (Rs 3,000 crore) - 'IND AAA'/ Outlook Stable 6 Commercial Paper (Rs 15,000 crore) - IND A1+ 7 Bank Loan (Rs 65,000 crore) - IND AAA/ Stable/ IND A1+ Powered by Capital Market - Live
Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under: 1 Non-Convertible Debentures (Rs 24,000 crore) - CRISIL AAA/Stable 2 Subordinated Debt (Rs 3,113.50 crore) - CRISIL AAA/Stable 3 Commercial Paper (Rs 15,000 crore) - CRISIL A1+ Powered by Capital Market - Live
Mahindra Stable 2 Subordinated debt (public issue) Rs 933.00 crore - Â CARE AAA; Stable 3 Unsecured non-convertible debenture (NCD privately placed) Rs 1,000.00 crore - CARE AAA; Stable 4 Subordinated debt (privately placed) Rs 2760.00 crore -Â CARE AAA; Stable 5 Long-term debt programme (public issue non-convertible debentures/ subordinated debt) Rs 4059.03 crore -Â CARE AAA; Stable Powered by Capital Market - Live
Mahindra & Mahindra Financial Services has allotted 75,000 Unsecured, Subordinated (Tier II), Rated, Listed, Redeemable Non-convertible Debentures with the face value of Rs. 1,00,000/- per debenture, issued at a multiple pricing (i.e. at par and premium based on the investor pricing bids), aggregating to subscription amount of Rs. 750.30 crore on private placement basis. The said NCDs have been issued at a Fixed Coupon of 8.24% p.a. and are proposed to be listed on the Wholesale Debt Market Segment of BSE. Powered by Capital Market - Live
Mahindra & Mahindra Financial Serv. will hold a meeting of the Board of Directors of the Company on 22 October 2024Powered by Capital Market - Live
The domestic equity benchmarks traded with major gains in early-afternoon trade. The Nifty scaled above the 25,450 mark after hitting the day's low of 25,094.55 in early trade. IT shares advanced after declining in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 829.27 points or 1.01% to 83,326.37. The Nifty 50 index advanced 211.15 points or 0.84% to 25,461.25. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.33% and the S&P BSE Small-Cap index added 0.44%. The market breadth was positive. On the BSE, 2,274 shares rose and 1,547 shares fell. A total of 136 shares were unchanged. Economy : The HSBC India Services PMI survey, compiled by S&P Global, indicates strong sector performance, but total new business, international sales, and output have all increased at the slowest rates since late 2023. Despite solid job creation and strengthening business confidence, the Services Business Activity Index fell from 60.9 in August to 57.7 in September, still indicating growth above the neutral mark of 50.0. The slowdown in output growth, the lowest since November 2023, was influenced by intense competition, cost pressures, and shifts in consumer preferences toward online services. While new business intakes expanded sharply, their growth rate dropped to a ten-month low, and international sales growth weakened significantly, reflecting broader trends in private sector output. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.06% to 13.31. The Nifty 31 October 2024 futures were trading at 25,586.30, at a premium of 125.05 points as compared with the spot at 25,461.25. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 67.1 lakh contracts at the 27,000 strike price. Maximum Put OI of 43.3 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty IT index gained 1.80% to 42,512.55. The index fell 1.58% in the past trading session. Infosys (up 2.73%), Tech Mahindra (up 1.99%), Coforge (up 1.83%), Wipro (up 1.81%), L&T Technology Services (up 1.35%), Tata Consultancy Services (up 1.24%), HCL Technologies (up 1.24%), LTIMindtree (up 1.23%) and Mphasis (up 0.37%) advanced. Stocks in Spotlight : Mahindra & Mahindra Financial Services dropped 4.04% after the company's overall disbursement for Q2 FY25 was Rs 13,160 crore, which is a YoY decline of 1% over previous year. Sundaram-Clayton advanced 2.33% after the firm announced that its board has approved the opening of qualified institutional placement (QIP) issue of equity shares with the floor price of Rs 2,320.78 per share. Aarti Drugs rose 1.92% after the Medicines and Healthcare Products Regulatory Agency (UK MHRA) has granted a Certificate of GMP Compliance of a Manufacturer for its arm, Pinnacle Life Science's manufacturing facility in Himachal Pradesh.Powered by Capital Market - Live
For H1 FY25, the total disbursement was approximately Rs 25,900 crore, a growth of 2% on YoY basis. Business assets stood at approximately Rs 1,12,600 crore, up by nearly 20% over September 2023. The collection efficiency (CE) was at 96% for Q2 FY25, same as that in Q2 FY24. As at September 30, 2024, stage-3 assets were at about 3.8% as compared to 4.3% as at September 2023. Stage-2 assets were at around 6.4% as against 5.7% as at September 2023. 'The company continued to enjoy a comfortable liquidity position on its balance sheet, with a liquidity chest of over Rs. 8,500 crore,' Mahindra Finance said in a statement. Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 10 million customers and has an AUM of over $11 billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The NBFC's standalone net profit jumped 45% to Rs 513 crore on 20% increase in total income to Rs 3,760 crore in Q1 FY25 over in Q1 FY24. The scrip fell 3.77% to currently trade at Rs 310 on the BSE. Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.87%, vs industry avg of 15.21%
Decreasing Market Share
Over the last 5 years, market share decreased from 8.39% to 6.83%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 1.13%, vs industry avg of 20.97%