Mahindra and Mahindra Financial Services Ltd
M&MFINMahindra and Mahindra Financial Services Ltd
M&MFIN


Price 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 |
---|---|---|
14.10 | 1.75 | 2.23% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
16.74 | 2.33 | 1.03% |
Forecast & Ratings
Detailed Forecast from 30 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
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Forecasts
Price
Revenue
Earnings
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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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 | 18,031.37 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 14,409.33 | ||||||||||
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 | 3,622.04 | ||||||||||
Depreciation/Amortization | 45.70 | 53.72 | 55.21 | 75.53 | 146.87 | 150.51 | 151.99 | 225.96 | 274.85 | 308.87 | ||||||||||
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 | 3,313.17 | ||||||||||
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 | 3,313.17 | ||||||||||
Taxes & Other Items | 451.83 | 326.11 | 719.61 | 1,013.46 | 526.88 | 160.93 | 412.55 | 731.36 | 655.49 | 838.17 | ||||||||||
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 | 2,475.00 | ||||||||||
EPS | 8.34 | 5.52 | 12.25 | 18.13 | 10.66 | 6.90 | 9.22 | 16.80 | 15.66 | 20.05 | ||||||||||
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 | 0.31 |
Company Updates
Annual report
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PDFAnnual report
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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 | 18.06 | 1.75 | 2.23% |
Bajaj Finance Ltd | 36.04 | 6.79 | 0.43% |
Jio Financial Services Ltd | 90.30 | 1.04 | — |
Cholamandalam Investment and Finance Company Ltd | 34.19 | 5.97 | 0.14% |
Price Comparison
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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
Mar 2024
Jun 2024
Sep 2024
Dec 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) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 4.6051% | 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 0.24% | 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 49/84 (+1) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 1.6719% | Percentage of the fund’s portfolio invested in the stock 2.69% | Change in the portfolio weight of the stock over the last 3 months 0.55% | 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 7/77 (+9) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 1.5255% | 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 0.11% | 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 (+2) |
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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
The Board of Directors of Mahindra & Mahindra Financial Services at its meeting held on 13 February 2025 have approved fund raise of up to Rs 3,000 crore by the way of rights issue to eligible shareholders of the Company. This capital raise will enhance Tier 1 capital by more than 200 bps enabling the company's growth aspirations for next few years.Powered by Capital Market - Live
Mahindra & Mahindra Financial Serv. will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live
Mahindra & Mahindra Financial Services has allotted 75,000 Secured, Rated, Listed, Redeemable Non-convertible Debentures with the face value of Rs. 1,00,000 per debenture issued at par at a coupon of 7.8863% p.a. for a tenor of 3 years & 85 days from the date of allotment on private placement basis to the identified investors. Powered by Capital Market - Live
Net profit of Mahindra & Mahindra Financial Services rose 47.39% to Rs 917.57 crore in the quarter ended December 2024 as against Rs 622.56 crore during the previous quarter ended December 2023. Sales rose 16.99% to Rs 4796.80 crore in the quarter ended December 2024 as against Rs 4100.08 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales4796.804100.08 17 OPM %72.3764.48 - PBDT1315.21895.61 47 PBT1233.01826.38 49 NP917.57622.56 47 Powered by Capital Market - Live
Mahindra & Mahindra Financial Services has allotted 25,000 Unsecured, Subordinated (Tier II), Redeemable Non-convertible Debentures with the face value of Rs. 1,00,000 per debenture issued at a discount (multiple pricing) plus accrued interest with effective yield (XIRR) at 8.27% aggregating to subscription amount of Rs. 255,34,86,175/-for a residual tenor of 9 years & 255 days from the date of allotment on private placement basis to the identified investors.Powered by Capital Market - Live
Mahindra Stable' for debt facilities including NCDs and subordinate debt. Powered by Capital Market - Live
Mahindra Stable Retail Non-convertible Debentures (Rs 8,000 crore) - IND AAA; Stable (The rated limit is interchangeable with retail subordinated debt) Private Sub Debt (Rs 5,450 crore) - IND AAA/ Outlook Stable (Rs 2,000 crore of retail non-convertible debentures moved to Private Sub debt) Principal Protected Market Linked Debenture (Rs 1,500 crore) - IND PP-MLD AAA/Stable Retail Subordinate Debt - IND AAA/ Outlook Stable Commercial paper (Rs 15,000 crore) - IND A1+ Bank loan (Rs 65,000 crore) - IND AAA/ Outlook Stable / IND A1+ Fixed deposit (Rs 12,000 crore) - IND AAA/ StablePowered by Capital Market - Live
Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under: Non convertible debentures (Rs 24,000 crore) - CRISIL AAA/ Stable Subordinated debt (Rs 3,113.50 crore) - CRISIL AAA/ Stable Commercial paper (Rs 15,000 crore) - CRISIL A1+ Bank loan (Rs 13,317 crore) - CRISIL AAA/ Stable/ CRISIL A1+ Fixed deposit (Rs 12,000 crore) - CRISIL AAA/ Stable Powered by Capital Market - Live
For 9M FY25, the total disbursement was approximately Rs 42,350 crore, a growth of 4% on YoY basis. Business assets stood at approximately Rs 1,14,900 crore, up by 18% over December 2023. The collection efficiency (CE) was at 95% for Q3 FY25, same as that in Q3 FY24. As at 31 December 2024, stage-3 assets were at about 3.9% as compared to 4% as at December 2023. Stage-2 assets were at around 6.3% as against 6% as at December 2023. 'The company continued to enjoy a comfortable liquidity position on its balance sheet, with a liquidity chest of over Rs 9,100 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 57.1% to Rs 369.47 crore on 21.1% increase in total income to Rs 3,925.06 crore in Q2 FY25 over in Q2 FY24. The scrip rose 0.05% to end at Rs 276.45 on Friday, 3 January 2024. Powered by Capital Market - Live
Mahindra & Mahindra Financial Serv. will hold a meeting of the Board of Directors of the Company on 28 January 2025.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 15.17%
Decreasing Market Share
Over the last 5 years, market share decreased from 8.36% to 6.81%
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 20.9%