Mah & Mah Finl. Serv

₹252.4 1.9 | 0.8%

WEBSITE BSE:532720 NSE : M&M FINANSER 13 May, 09:24

Market Cap ₹31179 Cr.

Stock P/E 16.1

P/B 1.6

Current Price ₹252.4

Book Value ₹ 161.3

Face Value 2

52W High ₹346.4

Dividend Yield 2.5%

52W Low ₹ 243.9

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

Quarterly Monthly

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Peer Comparison

Mah & Mah Finl. Serv Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	2974	2865	2902	3011	3324	3463	3583	3833	4100	4280
Other Income	11	32	12	18	29	74	54	30	37	53
Total Income	2986	2897	2914	3029	3353	3536	3637	3863	4137	4333
Total Expenditure	556	932	1512	1071	1041	1073	1504	1724	1456	1520
Operating Profit	2430	1965	1402	1958	2312	2464	2133	2140	2681	2813
Interest Expense	1071	1053	1052	1192	1373	1477	1597	1703	1798	1861
Depreciation	35	50	43	55	63	65	66	67	69	72
Profit Before Tax	1324	862	307	656	876	921	469	369	814	880
Provision for Tax	342	240	79	176	219	259	121	96	203	225
Profit After Tax	982	622	228	480	657	663	348	273	610	655
Adjustments	5	1	11	10	4	19	10	8	12	15
Profit After Adjustments	987	624	239	490	661	681	359	281	623	670
Adjusted Earnings Per Share	8	5.1	1.9	4	5.4	5.5	2.9	2.3	5	5.4

Mah & Mah Finl. Serv Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	4095	5275	6021	6554	7146	7884	10372	11885	12111	11318	12700	15796
Other Income	18	25	40	44	54	402	1145	117	60	169	1557	174
Total Income	4113	5301	6061	6597	7201	8286	11517	12002	12171	11486	14257	15970
Total Expenditure	1097	1532	1973	2459	3123	2921	4215	4908	6047	5433	6120	6204
Operating Profit	3016	3769	4088	4138	4078	5366	7302	7094	6124	6053	8137	9767
Interest Expense	1671	2281	2643	2868	3186	3436	4432	5391	5308	4417	5094	6959
Depreciation	24	26	46	46	54	55	76	147	151	152	226	274
Profit Before Tax	1353	1462	1400	1224	838	1905	2841	1602	934	1549	2804	2532
Provision for Tax	424	497	475	437	308	689	973	516	154	399	733	645
Profit After Tax	929	965	925	787	530	1216	1867	1086	780	1150	2071	1886
Adjustments	-2	-10	-12	-15	-18	-31	-40	-11	-7	-13	1	45
Profit After Adjustments	927	954	913	772	512	1185	1827	1075	773	1137	2072	1933
Adjusted Earnings Per Share	10	10.3	9.9	8.3	5.5	11.8	18.1	10.7	6.3	9.2	16.8	15.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	2%	10%	12%
Operating Profit CAGR	34%	5%	9%	10%
PAT CAGR	80%	24%	11%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-11%	19%	2%	5%
ROE Average	12%	8%	10%	13%
ROCE Average	9%	8%	9%	11%

Mah & Mah Finl. Serv Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	4580	5294	5943	6469	6960	9855	11269	11969	15776	16896	18560
Minority's Interest	24	36	49	68	100	145	79	90	99	141	141
Borrowings	13815	18254	16865	20341	24911	40120	54421	65182	63625	61187	76390
Current Liability	8091	9863	15121	17204	20203	8473	8616	4365	5883	5350	9769
Other Liabilities & Provisions	319	285	234	325	292	-582	-258	-393	-727	-717	-522
Total Liabilities	26829	33732	38212	44408	52466	58012	74126	81214	84656	82857	104339
Loans	14034	17600	19775	22723	27891	1360	1881	1864	1015	1196	3481
Investments	242	379	560	652	798	1966	2517	1918	12100	8628	10037
Fixed Assets	112	128	119	129	133	147	201	455	399	515	871
Other Loans	75	49	55	173	212	257	373	37	51	154	236
Other Non Current Assets	229	218	291	103	149	19	123	493	324	179	1401
Current Assets	12136	15358	17412	20628	23283	54262	69031	76447	70767	72185	88313
Total Assets	26829	33732	38212	44408	52466	58012	74126	81214	84656	82857	104339

Mah & Mah Finl. Serv Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	180	254	234	202	236	432	339	537	783	809	765
Cash Flow from Operating Activities	-7442	-6448	-3970	-4957	-6467	-8510	-12078	-3115	5826	18	-17395
Cash Flow from Investing Activities	-181	-470	34	-440	-97	243	-1213	-2689	-8348	3111	-1635
Cash Flow from Financing Activities	7696	6898	3907	5431	6766	8174	13490	6050	2548	-3173	18852
Net Cash Inflow / Outflow	74	-20	-29	34	202	-93	199	245	26	-44	-179
Closing Cash & Cash Equivalent	254	234	205	236	437	339	537	783	809	765	587

Mah & Mah Finl. Serv Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	10.04	10.33	9.87	8.34	5.52	11.76	18.12	10.65	6.28	9.22	16.8
CEPS(Rs)	10.32	10.72	10.49	9	6.3	12.62	19.27	12.22	7.56	10.56	18.62
DPS(Rs)	2.2	2.32	2.44	2.44	1.46	2.44	3.96	0	0.8	3.6	6
Book NAV/Share(Rs)	49.52	57.19	64.06	69.61	74.85	97.58	111.4	118.08	127.65	136.69	150.13
Net Profit Margin	22.68	18.29	15.36	12.01	7.41	15.43	18	9.14	6.44	10.16	16.31
Operating Margin	73.83	70.94	67.14	62.44	56.31	67.75	70.12	58.83	51.54	52.72	62.19
PBT Margin	33.03	27.71	23.25	18.68	11.72	24.16	27.39	13.48	7.71	13.69	22.08
ROA(%)	4.03	3.19	2.57	1.91	1.09	2.2	2.83	1.4	0.94	1.37	2.21
ROE(%)	24.46	19.58	16.5	12.73	7.92	14.51	17.73	9.38	5.65	7.06	11.71
ROCE(%)	14.26	13.39	12.18	10.81	9.13	10.43	11.65	9.47	7.88	7.46	8.82
Price/Earnings(x)	11.8	14.87	15.68	17.73	34.78	23.94	14.16	8.44	31.69	17.26	13.8
Price/Book(x)	2.39	2.69	2.42	2.12	2.57	2.89	2.3	0.76	1.56	1.16	1.54
Dividend Yield(%)	1.85	1.51	1.58	1.65	0.76	0.87	1.54	0	0.4	2.26	2.59
EV/Net Sales(x)	7.5	7.49	7.15	7.19	8.09	9.24	8.07	6.16	7.07	6.8	8.34
EV/Core EBITDA(x)	10.18	10.49	10.53	11.39	14.18	13.58	11.46	10.32	13.97	12.71	13.02
Interest Earned Growth(%)	41.73	28.82	14.14	8.85	9.04	10.32	31.56	14.59	1.9	-6.55	12.21
Net Profit Growth	44.12	3.86	-4.14	-14.86	-32.73	129.62	53.52	-41.85	-24.97	47.43	80.05
EPS Growth(%)	31.38	2.86	-4.45	-15.47	-33.8	113.01	54.08	-41.21	-41.09	46.91	82.2
Interest Coverage(x) %	1.81	1.64	1.53	1.43	1.26	1.55	1.64	1.3	1.18	1.35	1.55

Mah & Mah Finl. Serv Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16
FII	19.24	17.9	17.55	16.93	16.09	14.85	13.92	14.09	12.73	11.96
DII	15.38	16.16	17.95	22.12	23.76	25.18	26.95	25.84	26.96	28.61
Public	13.23	13.79	12.34	8.8	8	7.82	6.98	7.91	8.16	7.27
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44
FII	23.77	22.12	21.68	20.91	19.88	18.35	17.2	17.41	15.72	14.77
DII	19	19.96	22.18	27.33	29.36	31.11	33.29	31.92	33.31	35.35
Public	16.34	17.03	15.25	10.87	9.88	9.66	8.62	9.78	10.08	8.99
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 8% 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.