Financial Services · NIFTY 500
Mahindra & Mahindra Financial Services Limited
NSEM&MFIN
BSE532720 ISININE774D01024 SeriesEQ Listed on NSE · BSE
₹286.15 +4.20 (+1.49%) Updated 12 Nov, 8:49 pm IST
Price, daily close-12.16% in a year
Today
- Open
- ₹283.50
- Prev close
- ₹281.95
- Day high
- ₹292.70
- Day low
- ₹282.50
- Volume
- 40.08 L
- Value traded
- ₹115.44 Cr
- Upper circuit
- ₹338.30
- Lower circuit
- ₹225.60
- 52W high
- ₹415.00
- 52W low
- ₹253.40
- 1 month
- -9.87%
- 6 months
- -16.97%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹39,766 Cr
P/E (TTM)11.06
P/B1.45
Book value / share₹197.79
EPS (TTM)₹25.88
ROE13.1%
Dividend yield2.62%
Dividend (12m)₹7.50 / share
Net margin (TTM)15.9%
Operating marginn/a (bank)
Debt / equityn/a (bank)
Current ratio—
EV / EBITDA—
Sales growth (YoY qtr)+18.09%
Profit growth (YoY qtr)+61.11%
Sales CAGR 3Y+18.26%
Profit CAGR 3Y+11.26%
Shares138.97 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+4.4%+0.8%+3.5%+7.4%+1.9%+2.1%+0.7%+8.4%+1.6%+3.2%+3.8%
Revenue · YoY (vs a year ago)
————+17%+14%+16%+13%+14%+13%+15%+18%
Net profit · QoQ (vs last quarter)
—+7.7%-26%-22%+136%-50%+15%+6.9%+46%+14%-1.3%-1.8%
Net profit · YoY (vs a year ago)
————+47%-32%+6.1%+45%-10%+105%+75%+61%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————+47%-32%+1.0%+29%-20%+82%+64%+61%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest earned | 4,100 | 4,280 | 4,316 | 4,465 | 4,797 | 4,886 | 4,991 | 5,026 | 5,450 | 5,539 | 5,718 | 5,936 |
| Other income | 36.9 | 52.6 | 39.4 | 14.1 | 2.7 | 11.2 | 22.8 | 23.3 | 14.5 | 20.8 | 6.9 | 26.4 |
| Total income | 4,137 | 4,333 | 4,355 | 4,479 | 4,799 | 4,897 | 5,013 | 5,049 | 5,464 | 5,560 | 5,725 | 5,962 |
| Raw material | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Employee cost | 567 | 560 | 592 | 558 | 597 | 608 | 634 | 603 | 631 | 641 | 673 | 666 |
| Other expenses | 286 | 331 | 289 | 311 | 337 | 410 | 357 | 371 | 414 | 425 | 410 | 422 |
| Total expenses | 3,323 | 3,453 | 3,713 | 3,971 | 3,582 | 4,303 | 4,330 | 4,306 | 4,245 | 4,317 | 4,505 | 4,761 |
| Finance cost | 1,798 | 1,861 | 1,960 | 2,062 | 2,175 | 2,218 | 2,280 | 2,198 | 2,236 | 2,220 | 2,372 | 2,523 |
| Depreciation | 69.2 | 72.2 | 75.8 | 78.7 | 82.2 | 84.5 | 85.9 | 93.9 | 96.2 | 110 | 99.1 | 109 |
| Exceptional items | — | — | — | — | — | — | — | — | -133 | — | — | — |
| Profit before tax | 814 | 880 | 642 | 509 | 1,217 | 594 | 683 | 743 | 1,087 | 1,243 | 1,220 | 1,202 |
| Tax | 203 | 225 | 164 | 133 | 315 | 153 | 175 | 193 | 279 | 319 | 315 | 313 |
| Net profit | 623 | 671 | 497 | 390 | 918 | 456 | 529 | 566 | 826 | 940 | 927 | 911 |
| Profit to shareholders | 623 | 670 | 498 | 389 | 918 | 457 | 528 | 564 | 824 | 938 | 926 | 909 |
| EPS (₹) | 5.04 | 5.42 | 4.02 | 3.14 | 7.42 | 3.70 | 4.06 | 4.06 | 5.93 | 6.75 | 6.66 | 6.54 |
Profit & loss
Results for each year
7 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-99%+9,292%+12%+24%+17%+14%
Net profit · YoY (vs a year ago)
—-99%+14,603%+82%-6.7%+17%+26%
RevenueNet profitLine = trend
| ₹ Cr | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Interest earned | 11,883 | 121 | 11,318 | 12,700 | 15,797 | 18,463 | 21,005 |
| Other income | 114 | 1.2 | 82.9 | 133 | 173 | 67.4 | 81.4 |
| Total expenses | 10,440 | 115 | 9,917 | 10,016 | 13,438 | 15,569 | 17,198 |
| Employee cost | 1,610 | 13.8 | 1,613 | 2,115 | 2,261 | 2,355 | 2,510 |
| Finance cost | 5,391 | 53.1 | 4,417 | 5,094 | 6,959 | 8,415 | 8,934 |
| Depreciation | 147 | 1.5 | 152 | 226 | 275 | 321 | 386 |
| Profit before tax | 1,556 | 8.9 | 1,504 | 2,760 | 2,532 | 2,962 | 3,756 |
| Tax | 516 | 1.5 | 399 | 733 | 645 | 766 | 965 |
| Tax rate % | 33.2% | 17.2% | 26.5% | 26.5% | 25.5% | 25.9% | 25.7% |
| Net profit | 1,086 | 7.8 | 1,150 | 2,071 | 1,943 | 2,261 | 2,861 |
| Profit to shareholders | 1,075 | 7.7 | 1,137 | 2,072 | 1,933 | 2,262 | 2,855 |
| Net margin % | 9.0% | 6.4% | 10.0% | 16.3% | 12.2% | 12.3% | 13.6% |
| EPS (₹) | 17.44 | 6.98 | 9.21 | 16.79 | 15.66 | 18.31 | 20.86 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+6.8%+7.8%+24%—
Shareholders' equityBorrowingsDepositsLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 18,701 | 19,975 | 21,529 | 26,639 | 27,487 |
| Deposits | 5,459 | 7,175 | 11,374 | 14,130 | 14,700 |
| Total borrowings | 44,154 | 56,790 | 71,754 | 77,612 | 94,518 |
| Fixed assets (PPE) | 855 | 983 | 1,027 | 1,075 | 1,059 |
| Investments | 10,063 | 9,598 | 10,590 | 7,407 | 11,340 |
| Inventories | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cash & equivalents | 587 | 904 | 1,830 | 465 | 5,252 |
| Total assets | 105,085 | 123,716 | 144,105 | 158,644 | 180,292 |
| Debt / equity | 2.36 | 2.84 | 3.33 | 2.91 | 3.44 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—-96,425%-6.1%+15%+18%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 18.1 | -17,395 | -18,449 | -15,602 | -12,772 |
| Cash from investing | 3,111 | -1,635 | 2,670 | -1,077 | 770 |
| Cash from financing | -3,173 | 18,852 | 16,095 | 17,605 | 10,637 |
| Spent on fixed assets | -301 | -413 | -323 | -442 | -416 |
| Free cash flow | -283 | -17,809 | -18,772 | -16,044 | -13,188 |
| Net cash flow | -44.2 | -179 | 317 | 927 | -1,365 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
52.5%promoter
- Promoter & group
- 52.48%
- Public (FIIs, mutual funds, retail…)
- 47.48%
- Employee trusts
- 0.04%
- Promoter change, last quarter
- -0.01 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 7.50 Per Share
- Dividend - Rs 6.50 Per Share
- Rights 1:8 @ Premium Rs 192/-
- Annual General Meeting/Dividend - Rs 6.30 Per Share
- Annual General Meeting/Dividend - Rs 6 Per Share
- Annual General Meeting/Dividend - Rs 3.60 Per Share
- Annual General Meeting/Dividend - Rs 0.80 Per Share
- Rights 1:1 @ Premium Rs 48/-
Board meetings
- MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED has informed the Exchange about Board Meeting to be held on 21-Oct-2026 to inter-alia consider and app…
- the Unaudited Financial Results of the Company for the quarter ended September 30, 2026
- MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED has informed the Exchange about Board Meeting to be held on 21-Jul-2026 to inter-alia consider and app…
- the Unaudited Financial Results of the Company for the quarter ended June 30, 2026.
- the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend/Fund raising/Other business.
Filings with NSE
- Updates
- Issue of Securities
- Analysts/Institutional Investor Meet/Con. Call Updates
- Credit Rating
- Updates
- Copy of Newspaper Publication
- Certificate under SEBI (Depositories and Participants) Regulations, 2018
Latest news
MM Financial Standalone September 2026 Net Sales at Rs 5,163.51 crore, up 15.45% Y-o-YMoneycontrol.com · 12 Nov, 2:00 pmMahindra & Mahindra Financial Services shares fall despite reporting 55% jump in profit in Q2Upstox · 21 Oct, 12:30 pmM&M Financial Services to host investor conferences in Mumbai Nov 16-18scanx.trade · 10 Nov, 6:23 pmM&M Financial shares fall up to 10% to hit 52-week low despite 55% YoY profit in Q2; brokerages cut...Moneycontrol.com · 22 Oct, 12:30 pmHere's Why We Think Mahindra & Mahindra Financial Services (NSE:M&MFIN) Is Well Worth WatchingSimply Wall St · 9 Aug, 12:30 pmMahindra & Mahindra Financial Services board approves raising funds up to ₹2,000 crore via NCDs; shares fall 16% YTDUpstox · 24 Sep, 12:30 pmMahindra & Mahindra Financial Services (M&MFIN) Share Price Rises 2.69% to Rs 319Univest · 9 Oct, 12:30 pmMahindra & Mahindra Financial Services Ltd. Share Price Live TodayCNBC TV18 · 3 Jan, 12:24 pmAbout
About Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services Limited is listed on the NSE under the symbol M&MFIN and belongs to the Financial Services sector.
Company details
- Company name
- Mahindra & Mahindra Financial Services Limited
- NSE symbol
- M&MFIN
- BSE scrip code
- 532720
- ISIN
- INE774D01024
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 17 Mar 2006
- Face value
- ₹2 per share
- Market lot
- 1 share
- Shares issued
- 138.97 crore
- Index
- NIFTY 500
- Sector (NSE)
- Financial Services
- Industry
- Finance/Rental/Leasing
- Managing director / CEO
- Raul Rebello
- Chair
- Anish Shah
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- mahindrafinance.com
Peers
Other Financial Services stocks
Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.