Mahindra & Mahindra Financial Services Limited
₹262.15-₹2.65 (-1.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹50,385 Cr
- P/E
- 19.7x
- Revenue
- ₹16,064 Cr
Price chart
Technical chartScreen technicals →-16.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -19.3%
- 3M
- -33.3%
- 6M
- -15.7%
- 1Y
- -16.9%
- 5Y
- +34.2%
52-week range
Day change -₹2.65 (-1.0%) from ₹265 to ₹262 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in M&MFIN, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 44.0%
Concerns1
- Negative free cash flow (₹16292 Cr)
Rule-based from financial data. Not advice.
About the company
Mahindra & Mahindra Financial Services Limited, a non-banking financial company, engages in financing business in India. The company operates through Financing Activities and Other Reconciling Items segments.
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Mahindra & Mahindra Financial Services Limited, a non-banking financial company, engages in financing business in India. The company operates through Financing Activities and Other Reconciling Items segments. It offers vehicle financing for auto, utility vehicles, passenger cars, tractors, commercial vehicles, and construction equipment; pre-owned vehicle financing; and vehicle leasing solutions through its digital platform Quiklyz to fleet operators, farmers, businesses, self-employed, and salaried individuals. The company also provides loan against property, equipment finance, working capital finance, and supply chain finance for micro, small and medium enterprises (MSME); asset management and trusteeship services; insurance broking and advisory services; and engages in the life, health, motor, and property insurance distribution. It serves retail and commercial customers, individuals, and entrepreneurs, as well as businesses operating in agriculture, transportation, and small and medium enterprises. Mahindra & Mahindra Financial Services Limited was incorporated in 1991 and is headquartered in Mumbai, India. Mahindra & Mahindra Financial Services Limited is a subsidiary of Mahindra & Mahindra Limited.
- Sector
- Financial Services
- Shares outstanding
- 139 Cr shares
- ISIN
- INE774D01024
- BSE code
- 532720
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹50,385 Cr
- P/E
- 19.7x
- P/B
- 2.2x
- Earnings yield
- 5.1%
- 52-week high
- ₹412.15
- 52-week low
- ₹261.10
Profitability
- Dividend payout
- 44.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 0.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹16,064 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹7.00 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 113.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 33.2%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹18,404 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,355 Cr
Solvency and efficiency
- CFO / Net profit
- -10.46
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹15 was left as net profit.
| From | To | Amount |
|---|---|---|
| Revenue | Interest paid | ₹7,898 Cr |
| Revenue | Expenses | ₹4,756 Cr |
| Revenue | Financing profit | ₹3,410 Cr |
| Financing profit | Depreciation | ₹273 Cr |
| Financing profit | Profit before tax | ₹3,137 Cr |
| Other income | Profit before tax | ₹11 Cr |
| Profit before tax | Tax and other | ₹802 Cr |
| Profit before tax | Net profit | ₹2,345 Cr |
Revenue and net profit
Revenue grew 18.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹10,508 Cr | ₹335 Cr |
| FY2022 | ₹9,717 Cr | ₹989 Cr |
| FY2023 | ₹11,053 Cr | ₹1,984 Cr |
| FY2024 | ₹13,555 Cr | ₹1,760 Cr |
| FY2025 | ₹16,064 Cr | ₹2,345 Cr |
Cash flows
FY2025: -₹15,281 Cr from operations, -₹16,292 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹4,886 Cr | -₹2,366 Cr |
| FY2022 | ₹0 Cr | ₹2,613 Cr |
| FY2023 | -₹17,485 Cr | -₹18,806 Cr |
| FY2024 | -₹18,404 Cr | -₹16,442 Cr |
| FY2025 | -₹15,281 Cr | -₹16,292 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹16,064 Cr+18.5%1Y
- Net profit
- ₹2,345 Cr+33.2%1Y
- Cash from operations
- -₹15,281 Cr
- Free cash flow
- -₹16,292 Cr
- Revenue CAGR, 5Y
- 5.8%
- EBITDA CAGR, 5Y
- 47.6%
- Net profit CAGR, 5Y
- 14.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹16,064 Cr | ₹3,410 Cr | — | ₹2,345 Cr | -₹15,281 Cr | -₹16,292 Cr | — | +18.5% | +33.2% |
Monthly returns
Month-by-month returns of M&MFIN across the years, with the seasonal pattern.
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
M&MFIN trades at 19.7x earnings against a peer median of 26.9x (a 27% discount).
Not shown (no positive earnings and no EV / Sales): Max Financial Services Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Mahindra & Mahindra Financial Services LimitedM&MFINthis companyP/E ↓ discount | ₹50,385 Cr | 19.7x | 2.2x | — | — |
| Multi Commodity Exchange of India LtdMCX | ₹58,489 Cr | 109.0x | 28.0x | 21.5% | 556.5x |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITEDNAM-INDIA | ₹56,918 Cr | 43.3x | 13.6x | 31.2% | 42.8x |
| Max Financial Services LimitedMFSL | ₹56,813 Cr | — | 8.4x | -0.1% | -5680.1x |
| Authum Investment & Infrastructure LimitedAIIL | ₹56,712 Cr | 14.1x | 3.5x | 29.1% | 19.1x |
| Motilal Oswal Financial Services LimitedMOTILALOFS | ₹50,300 Cr | 49.9x | 6.2x | 19.5% | 23.2x |
| Bank of maharashtraMAHABANK | ₹49,987 Cr | 7.7x | 1.5x | 19.4% | — |
| 360 ONE WAM LIMITED360ONE | ₹46,063 Cr | 156.0x | 6.3x | 6.1% | 55.9x |
| Housing &Urban Development Corporation Ltd.HUDCO | ₹43,063 Cr | 15.4x | 2.4x | 15.1% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
M&MFIN since 1 January, against earlier years.
Historical volatility
M&MFIN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 5.0% |
| FY2022 | 15.0% |
| FY2023 | 27.0% |
| FY2024 | 19.0% |
| FY2025 | 21.0% |
| Line | FY2025 |
|---|---|
| Revenue | ₹16,064 Cr |
| Costs | |
| Interest | ₹7,898 Cr |
| Expenses | ₹4,756 Cr |
| Financing profitFinancing Profit | ₹3,410 Cr |
| Financing marginFinancing Margin % | 21.0% |
| Other income and charges | |
| Profit before tax | ₹3,147 Cr |
| Tax | |
| Net profitNet Profit | ₹2,345 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹15,281 Cr |
| Investing cash flowCash from Investing Activity | -₹1,011 Cr |
| Financing cash flowCash from Financing Activity | ₹17,648 Cr |
| Change in cashNet Cash Flow | ₹1,355 Cr |
Learn while you research
Academy chapters picked for Mahindra & Mahindra Financial Services Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read