Mah & Mah Finl. Serv

₹267.2 -2.9 | 1.1%

WEBSITE BSE:532720 NSE : M&M FINANSER 01 Jul, 15:59

Market Cap ₹37133 Cr.

Stock P/E 16.4

P/B 1.6

Current Price ₹267.2

Book Value ₹ 170.6

Face Value 2

52W High ₹333.6

Dividend Yield 2.36%

52W Low ₹ 235.5

Edit Ratio

Mah & Mah Finl. Serv Research see more...

Overview Inc. Year: 1991Industry: Finance - NBFC

Mahindra & Mahindra Financial Services Ltd is a non-banking financing company (NBFC). The Company serves the financing needs of population residing in rural and semi-urban regions of India. The Company affords a variety of retail services and products, such as financing vehicles for business and private use, tractors, small and medium organization (SME) loans, and various other economic merchandise. Through its housing finance subsidiary, Mahindra Rural Housing Finance Ltd (MHRFL), the Company is enabling numerous low and middle earnings households to construct their own home. The Company also provides mutual fund distribution, constant deposit schemes and personal loans. The Company's subsidiary, Mahindra Insurance Brokers Ltd, is within the business of distributing life and non-life insurance products thru tie-ups with numerous coverage corporations.

Mah & Mah Finl. Serv Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Mah & Mah Finl. Serv Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Operating Revenue	3324	3463	3583	3833	4100	4280	4316	4465	4797	4886
Other Income	29	74	54	30	37	53	39	14	3	11
Total Income	3353	3536	3637	3863	4137	4333	4355	4479	4799	4897
Total Expenditure	1041	1073	1504	1724	1456	1520	1676	1830	1325	2001
Operating Profit	2312	2464	2133	2140	2681	2813	2679	2650	3474	2896
Interest Expense	1373	1477	1597	1703	1798	1861	1960	2062	2175	2218
Depreciation	63	65	66	67	69	72	76	79	82	85
Profit Before Tax	876	921	469	369	814	880	642	509	1217	594
Provision for Tax	219	259	121	96	203	225	164	133	315	153
Profit After Tax	657	663	348	273	610	655	478	376	902	440
Adjustments	4	19	10	8	12	15	20	14	16	17
Profit After Adjustments	661	681	359	281	623	670	498	389	918	457
Adjusted Earnings Per Share	5.2	5.4	2.8	2.2	4.9	5.3	3.9	3.1	7.2	3.6

Mah & Mah Finl. Serv Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Operating Revenue	6021	6554	7146	7884	10372	11885	12111	11318	12700	15797	18463	18464
Other Income	40	44	54	402	1145	117	60	169	1557	182	175	67
Total Income	6061	6597	7201	8286	11517	12002	12171	11486	14257	15979	18638	18530
Total Expenditure	1973	2459	3123	2921	4215	4908	6047	5433	6120	6212	6832	6832
Operating Profit	4088	4138	4078	5366	7302	7094	6124	6053	8137	9766	11806	11699
Interest Expense	2643	2868	3186	3436	4432	5391	5308	4417	5094	6959	8523	8415
Depreciation	46	46	54	55	76	147	151	152	226	275	321	322
Profit Before Tax	1400	1224	838	1905	2841	1602	934	1549	2804	2588	3027	2962
Provision for Tax	475	437	308	689	973	516	154	399	733	645	766	765
Profit After Tax	925	787	530	1216	1867	1086	780	1150	2071	1943	2261	2196
Adjustments	-12	-15	-18	-31	-40	-11	-7	-13	1	-10	1	67
Profit After Adjustments	913	772	512	1185	1827	1075	773	1137	2072	1933	2262	2262
Adjusted Earnings Per Share	9.6	8.1	5.4	11.4	17.6	10.4	6.1	9	16.3	15.2	17.8	17.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	18%	9%	12%
Operating Profit CAGR	21%	25%	11%	11%
PAT CAGR	16%	25%	16%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-10%	15%	21%	5%
ROE Average	11%	11%	9%	11%
ROCE Average	9%	9%	8%	10%

Mah & Mah Finl. Serv Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Shareholder's Funds	5943	6469	6960	9855	11269	11969	15776	16896	18560	19933	21529
Minority's Interest	49	68	100	145	79	90	99	141	141	42	44
Borrowings	16865	20341	24911	40120	54421	65182	63625	61187	76390	65541	77118
Current Liability	15121	17204	20203	8473	8616	4365	5883	5350	9769	37080	44849
Other Liabilities & Provisions	234	325	292	-582	-258	-393	-727	-717	-522	319	-263
Total Liabilities	38212	44408	52466	58012	74126	81214	84656	82857	104339	122914	143277
Loans	19775	22723	27891	1360	1881	1864	1015	1196	3481	106344	123514
Investments	560	652	798	1966	2517	1918	12100	8628	10037	7737	7629
Fixed Assets	119	129	133	147	201	455	399	515	871	1008	1207
Other Loans	55	173	212	257	373	37	51	154	236	733	736
Other Non Current Assets	291	103	149	19	123	493	324	179	1401	204	293
Current Assets	17412	20628	23283	54262	69031	76447	70767	72185	88313	6888	9898
Total Assets	38212	44408	52466	58012	74126	81214	84656	82857	104339	122914	143277

Mah & Mah Finl. Serv Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Opening Cash & Cash Equivalents	234	202	236	432	339	537	783	809	765	587	904
Cash Flow from Operating Activities	-3970	-4957	-6467	-8510	-12078	-3115	5826	18	-17395	-18449	-15602
Cash Flow from Investing Activities	34	-440	-97	243	-1213	-2689	-8348	3111	-1635	2670	-1077
Cash Flow from Financing Activities	3907	5431	6766	8174	13490	6050	2548	-3173	18852	16095	17605
Net Cash Inflow / Outflow	-29	34	202	-93	199	245	26	-44	-179	317	927
Closing Cash & Cash Equivalent	205	236	437	339	537	783	809	765	587	904	1830

Mah & Mah Finl. Serv Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Earnings Per Share (Rs)	9.6	8.12	5.37	11.44	17.63	10.37	6.11	8.97	16.35	15.23	17.82
CEPS(Rs)	10.21	8.75	6.13	12.28	18.75	11.89	7.35	10.28	18.12	17.48	20.34
DPS(Rs)	2.37	2.37	1.42	2.37	3.85	0	0.78	3.5	5.83	6.12	6.31
Book NAV/Share(Rs)	62.33	67.73	72.82	94.94	108.38	114.88	124.2	132.99	146.07	150.7	163.21
Net Profit Margin	15.36	12.01	7.41	15.43	18	9.14	6.44	10.16	16.31	12.3	12.25
Operating Margin	67.14	62.44	56.31	67.75	70.12	58.83	51.54	52.72	62.19	60.44	62.56
PBT Margin	23.25	18.68	11.72	24.16	27.39	13.48	7.71	13.69	22.08	16.38	16.39
ROA(%)	2.57	1.91	1.09	2.2	2.83	1.4	0.94	1.37	2.21	1.71	1.7
ROE(%)	16.5	12.73	7.92	14.51	17.73	9.38	5.65	7.06	11.71	10.32	11.35
ROCE(%)	12.18	10.81	9.13	10.43	11.65	9.47	7.88	7.46	8.82	8.75	8.92
Price/Earnings(x)	15.68	17.73	34.78	23.94	14.16	8.44	31.69	17.26	13.8	17.8	15.45
Price/Book(x)	2.42	2.12	2.57	2.89	2.3	0.76	1.56	1.16	1.54	1.8	1.69
Dividend Yield(%)	1.58	1.65	0.76	0.87	1.54	0	0.4	2.26	2.59	2.26	2.3
EV/Net Sales(x)	7.15	7.19	8.09	9.24	8.07	6.16	7.07	6.8	8.34	8.14	8.03
EV/Core EBITDA(x)	10.53	11.39	14.18	13.58	11.46	10.32	13.97	12.71	13.02	13.17	12.55
Interest Earned Growth(%)	14.14	8.85	9.04	10.32	31.56	14.59	1.9	-6.55	12.21	24.39	16.88
Net Profit Growth	-4.14	-14.86	-32.73	129.62	53.52	-41.85	-24.97	47.43	80.05	-6.19	16.36
EPS Growth(%)	-4.45	-15.47	-33.8	113.01	54.08	-41.21	-41.09	46.91	82.2	-6.8	16.98
Interest Coverage(x) %	1.53	1.43	1.26	1.55	1.64	1.3	1.18	1.35	1.55	1.37	1.36

Mah & Mah Finl. Serv Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16
FII	16.09	14.85	13.92	14.09	12.73	11.96	10.09	10.19	10.48	10.68
DII	23.76	25.18	26.95	25.84	26.96	28.61	30.67	31.57	31.16	31.31
Public	8	7.82	6.98	7.91	8.16	7.27	7.09	6.08	6.2	5.86
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44
FII	19.88	18.35	17.2	17.41	15.72	14.77	12.46	12.59	12.95	13.19
DII	29.36	31.11	33.29	31.92	33.31	35.35	37.89	39.01	38.5	38.68
Public	9.88	9.66	8.62	9.78	10.08	8.99	8.76	7.52	7.66	7.24
Others	0	0	0	0	0	0	0	0	0	0
Total	123.55	123.55	123.55	123.55	123.55	123.55	123.55	123.55	123.55	123.55

Pros

Cons

Company has a low return on equity of 11% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.