M&M Financial Services
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M&M Financial Services

349.85
-10.50
(-2.91%)
Market Cap
₹48,628.14 Cr
PE Ratio
19.52
Volume
30,40,276.00
Day High - Low
₹363.05 - ₹347.55
52W High-Low
₹364.00 - ₹231.52
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Key Fundamentals
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Market Cap
48,628.14 Cr
EPS
18.32
PB Ratio
1.95
Book Value
178.13
EBITDA
11,698.30
Dividend Yield
1.67 %
Sector
NBFC
ROE Growth %
-
Debt to Equity
5.29
Analyst Rating and Forecast
- By Refinitiv from32 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+50.00 %
+50.00 %
Hold
Hold+34.38 %
+34.38 %
Sell
Sell+15.63 %
+15.63 %
Forecast For
Actual

Company News

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neutral
Mahindra Financial Services Transfers 65,128 Equity Shares Under Employee Stock Option Plans3 hours ago
Mahindra Financial Services Limited Employee Stock Option Trust transferred 65,128 equity shares to eligible employees following the exercise of vested stock options under the company's 2010 Employee Stock Option Scheme and 2023 Restricted Stock Units Plan. The share transfer was executed on November 26, 2025, with the company informing stock exchanges BSE and NSE about the transaction.
positive
Mahindra & Mahindra Financial Services Limited received credit rating reaffirmations from two rating agencies on November 11, 2025. India Ratings & Research Private Limited assigned IND AAA/Outlook Stable ratings to retail non-convertible debentures worth INR 80 billion, private subordinated debt of INR 54.5 billion, and fixed deposits of INR 120,000 million, along with IND A1+ rating for commercial paper worth INR 150,000 million. CRISIL Ratings Limited reaffirmed CRISIL AAA/Stable ratings for non-convertible debentures of Rs. 32,875 crore, subordinated debt of Rs. 5,113.50 crore, and fixed deposits of Rs. 18,000 crore. The company informed BSE and NSE about these rating reaffirmations in compliance with SEBI listing regulations.
positive
Mahindra Finance Limited reported quarterly results with net interest margin expansion from 6.5% to 7% year-on-year, driven by cost of funds improvement and fee-based income growth. The company achieved 25% profit after tax growth for the half-year period reaching Rs. 1,100 crores. Asset quality remained stable with GS2 plus GS3 at 9.7%, lower than previous year's Q2 levels. Tractor business showed strong momentum with 41% growth, benefiting from positive rural economy conditions. The company maintained credit cost guidance of 1.7% for the full year. Trade advances increased to Rs. 6,800 crores during the festive season compared to around Rs. 4,000 crores in the previous quarter. Management expressed optimism about H2 performance, citing GST rate cuts and festive demand as positive drivers for passenger vehicle and tractor segments.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
1,010.70
#1 6,28,906.24
34.47
#1 69,724.80
26.81
#1 16,780
23.27
46.81
308.00
1,95,676.76
119.98
2,078.90
12.09
1,613
0.86
51.98
856.60
1,61,127.14
15.75
41,859.50
19.61
9,423
7.47
82.11
3,725.60
1,49,571.10
20.57
20,324.50
34.04
5,352
82.54
71.31
1,712.90
1,44,123.24
30.89
26,152.80
34.67
4,260
19.82
54.78
877.75
83,521.81
43.33
18,637.10
6.60
1,916
9.99
48.14
4,723.80
52,483.24
26.26
8,563.00
17.53
1,813
11.90
53.15
349.85
#8 48,628.14
#3 19.52
#6 18,530.50
#8 16.03
#6 2,261
#3 45.15
69.66
2,686.20
45,623.79
#1 11.46
4,612.20
#1 76.63
4,241
-8.96
37.80
469.35
36,572.16
174.37
4,222.80
34.17
-98
#1 115.75
46.16

Automatic Screeners on ScanX

Growth Rate
Revenue Growth
16.03 %
Net Income Growth
16.36 %
Cash Flow Change
15.43 %
ROE
7.71 %
ROCE
-0.12 %
EBITDA Margin (Avg.)
3.24 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
1,680
1,513
1,587
1,593
1,905
1,579
1,741
1,748
2,133
1,886
1,986
2,246
2,507
2,315
2,535
2,714
2,914
2,852
2,948
3,094
3,149
3,311
3,071
3,017
3,053
2,584
2,983
2,996
2,904
2,926
3,041
3,360
3,549
3,651
3,878
4,150
4,348
4,374
4,494
4,815
4,913
5,034
5,065
Expenses
440
639
614
694
512
631
749
877
866
954
943
776
809
854
817
878
581
1,388
1,052
1,071
1,392
1,368
1,175
1,982
1,534
3,541
318
556
933
1,512
1,127
1,041
1,073
1,504
1,724
1,456
1,520
1,676
1,830
1,325
2,001
1,964
2,015
EBITDA
1,240
874
974
899
1,393
947
993
871
1,266
932
1,043
1,470
1,698
1,461
1,718
1,837
2,333
1,464
1,896
2,023
1,756
1,943
1,896
1,035
1,518
-958
2,665
2,440
1,971
1,414
1,914
2,320
2,476
2,146
2,154
2,693
2,829
2,698
2,664
3,490
2,912
3,069
3,050
Operating Profit %
74 %
58 %
61 %
56 %
73 %
60 %
56 %
49 %
59 %
49 %
52 %
64 %
68 %
63 %
67 %
67 %
80 %
51 %
64 %
65 %
55 %
55 %
61 %
33 %
49 %
-39 %
89 %
81 %
67 %
48 %
63 %
69 %
69 %
58 %
55 %
64 %
65 %
61 %
59 %
72 %
59 %
61 %
60 %
Depreciation
11
11
11
12
12
12
13
13
16
13
13
14
15
16
19
20
21
41
43
43
19
38
40
37
37
33
34
35
50
43
55
63
65
66
67
69
72
76
79
82
85
86
94
Interest
678
693
710
730
736
764
789
831
802
828
855
873
870
957
1,053
1,153
1,270
1,263
1,346
1,351
1,431
1,401
1,369
1,312
1,226
1,151
1,143
1,071
1,053
1,052
1,192
1,373
1,477
1,597
1,703
1,798
1,861
1,960
2,062
2,175
2,218
2,280
2,198
Profit Before Tax
551
170
253
157
645
171
191
28
448
91
175
583
813
488
646
665
1,041
160
507
629
306
504
488
-313
256
-2,141
1,488
1,334
869
318
668
884
934
483
383
826
896
662
523
1,233
610
704
759
Tax
179
60
93
56
227
61
73
12
162
30
69
211
300
166
211
255
341
52
243
154
68
72
135
-90
37
-568
385
342
240
79
176
219
259
121
96
203
225
165
133
315
153
175
193
Net Profit
372
110
160
101
418
110
118
16
286
61
106
371
513
322
435
410
701
109
264
475
239
432
353
-223
219
-1,573
1,103
992
629
240
492
664
675
362
287
623
671
497
390
918
456
529
566
EPS in ₹
6.51
1.91
2.78
1.71
7.29
1.91
2.02
0.21
4.93
1.03
1.78
6.37
8.43
5.14
6.93
6.49
11.17
1.74
4.25
5.25
2.61
7.01
3.31
-1.84
1.76
-12.77
8.93
8.01
5.06
1.94
3.98
5.36
5.52
2.91
2.28
5.05
5.43
4.03
3.06
7.43
3.70
4.06
4.06

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
38,633
45,007
53,223
58,730
74,576
81,793
85,601
83,809
1,05,085
1,23,716
1,44,105
Fixed Assets
119
129
133
147
201
455
399
515
871
1,008
1,207
Current Assets
17,412
20,628
23,283
937
1,658
2,554
5,043
6,026
6,947
5,858
7,900
Capital Work in Progress
0
0
1
1
1
1
12
2
3
106
66
Investments
95
547
576
2,378
3,327
5,340
12,126
8,654
10,063
9,599
10,590
Other Assets
38,420
44,331
52,512
56,205
71,046
75,996
73,064
74,637
94,148
1,13,004
1,32,242
Total Liabilities
38,633
45,007
53,223
58,730
74,576
81,793
85,601
83,809
1,05,085
1,23,716
1,44,105
Current Liabilities
15,121
17,204
20,203
8,317
7,443
4,100
5,119
5,142
9,061
8,594
5,928
Non Current Liabilities
17,520
21,266
25,960
40,413
55,785
65,634
64,606
61,629
77,323
95,147
1,16,604
Total Equity
5,992
6,537
7,060
10,000
11,348
12,059
15,876
17,038
18,701
19,975
21,573
Reserve & Surplus
5,830
6,357
6,847
9,732
11,146
11,846
15,530
16,650
18,313
19,686
21,283
Share Capital
113
113
113
123
123
123
246
247
247
247
247

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-29
34
202
-93
199
245
26
-43
-179
317
927
Investing Activities
34
-440
-97
243
-1,213
-2,689
-8,349
3,112
-1,635
2,671
-1,077
Operating Activities
-3,970
-4,957
-6,467
-8,510
-12,078
-3,115
5,826
18
-17,395
-18,449
-15,602
Financing Activities
3,907
5,431
6,766
8,174
13,490
6,050
2,549
-3,173
18,852
16,095
17,605

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.16 %
52.49 %
52.49 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
14.09 %
0.00 %
11.96 %
10.09 %
10.19 %
10.48 %
10.68 %
9.34 %
9.59 %
DIIs
15.36 %
15.11 %
15.18 %
14.94 %
15.72 %
16.72 %
15.69 %
23.76 %
25.18 %
26.95 %
25.84 %
19.68 %
28.61 %
30.67 %
31.57 %
31.16 %
31.31 %
32.33 %
32.29 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
5.39 %
9.17 %
8.06 %
8.46 %
8.88 %
7.75 %
6.99 %
6.44 %
6.31 %
5.70 %
6.24 %
6.77 %
6.03 %
6.02 %
5.22 %
5.38 %
5.12 %
5.05 %
4.92 %
Others
27.09 %
23.57 %
24.60 %
24.45 %
23.25 %
23.37 %
25.16 %
17.65 %
16.36 %
15.20 %
1.67 %
21.39 %
1.24 %
1.07 %
0.86 %
0.81 %
0.73 %
0.78 %
0.70 %
No of Share Holders
1,88,131
2,96,357
2,37,701
2,49,889
2,50,678
2,17,677
2,14,897
1,93,555
1,86,265
1,85,705
2,19,510
2,39,372
2,27,512
2,24,273
2,11,051
2,24,415
2,17,620
2,27,483
2,22,526

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 4 2.4 4 6.5 0.00 0.8 3.6 6 6.3 6.5
Dividend Yield (%) 2.14 0.87 1.6 7.44 0.00 0.52 1.6 2.21 2.29 1.8

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
23 Jul 2020 RIGHTS Rights
1:1
22 Jul 2020 123.33 149.79
20 Jul 2021 DIVIDEND Dividend
₹ 0.80 /share
16 Jul 2021 169.98 152.56
22 Jul 2022 DIVIDEND Dividend
₹ 3.60 /share
20 Jul 2022 178.20 203.45
22 Jul 2023 DIVIDEND Dividend
₹ 6.00 /share
21 Jul 2023 249.91 304.24
17 Jul 2024 DIVIDEND Dividend
₹ 6.30 /share
16 Jul 2024 259.89 288.34
23 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
23 Jul 2024 259.89 284.50
22 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Oct 2024 313.44 280.89
28 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
28 Jan 2025 259.20 252.73
22 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Apr 2025 282.26 268.34
14 May 2025 RIGHTS Rights
1:8
14 May 2025 253.95 249.38
15 Jul 2025 DIVIDEND Dividend
₹ 6.50 /share
15 Jul 2025 268.34 268.15
22 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Jul 2025 269.00 262.95
22 Jul 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
22 Jul 2025 268.34 262.95
28 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
28 Oct 2025 279.75 298.95

Announcements

Intimation For Transfer Of Equity Shares From Mahindra & Mahindra Financial Services Limited Employees Stock Option Trust To Eligible Persons4 hours ago
Announcement under Regulation 30 (LODR)-Investor Presentation6 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 14, 2025
Newspaper Publication Regarding Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesNov 13, 2025
Mahindra & Mahindra Ltd. (M&M) And The Manufacturers Life Insurance Company (Manulife) Agree To Establish 50:50 Life Insurance Joint Venture (JV Company) In IndiaNov 13, 2025
Announcement under Regulation 30 (LODR)-Credit RatingNov 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 05, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 03, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 28, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateOct 28, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 28, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 28, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 28, 2025
Amendment To The Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive InformationOct 28, 2025
Monitoring Agency Report For The Quarter Ended 30Th September 2025Oct 28, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationOct 28, 2025
Board Meeting Outcome for Outcome Of The Board Meeting - Unaudited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended 30Th September 2025Oct 28, 2025
Outcome Of Board Meeting - Unaudited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended 30Th September 2025Oct 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 23, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 17, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 14, 2025
Announcement under Regulation 30 (LODR)-Credit RatingOct 10, 2025
Saksham Niveshak - 100 Days Campaign - Request The Investors To Update KYC Details And Claim Unclaimed AmountsOct 09, 2025
Announcement under Regulation 30 (LODR)-Credit RatingOct 08, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - ESG RatingOct 07, 2025
Business Update For Q2 FY26Oct 03, 2025
Intimation For Transfer Of Equity Shares From Mahindra & Mahindra Financial Services Limited Employees Stock Option TrustSep 30, 2025
Newspaper Publication Regarding Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesSep 30, 2025
Closure of Trading WindowSep 29, 2025
Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For Q2 FY 2026Sep 29, 2025
Announcement under Regulation 30 (LODR)-Credit RatingSep 27, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 18, 2025
Announcement under Regulation 30 (LODR)-Credit RatingSep 13, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 03, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - ESG RatingAug 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 18, 2025
Announcement under Regulation 30 (LODR)-Credit RatingAug 13, 2025
Press Release - Mahindra Finance And ICICI Lombard Enter Partnership For Motor Insurance DistributionAug 11, 2025
Newspaper Publication Regarding Special Window For Re-Lodgement Of Transfer Request Of Physical SharesJul 30, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 28, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 24, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJul 24, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 24, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 23, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 22, 2025
Security Cover CertificateJul 22, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
ICICI Prudential Large & Mid Cap Fund Direct Plan-Growth
0.21%
-5527908
-0.61%
-0.57%
ICICI Prudential Multi Asset Fund Direct-Growth
0.03%
-3775156
-0.15%
-0.14%
Franklin India Multi Cap Fund Direct-Growth
1.42%
2307875
1.42%
1.42%
DSP Banking & Financial Services Fund Direct - Growth
0.66%
-1484546
-2.83%
-2.77%
Bandhan Flexi Cap Fund Direct-Growth
0.00%
-1179491
-0.44%
-0.69%
SBI Banking & Financial Services Fund Direct-Growth
1.14%
1098972
0.43%
0.54%
JM Midcap Fund Direct - Growth
1.80%
843674
1.80%
1.80%
Franklin India Mid Cap Fund Direct-Growth
2.13%
719846
0.35%
0.58%
UTI Value Fund Direct-Growth
1.63%
-589374
-0.01%
0.11%
HDFC Multi Cap Fund Direct - Growth
0.40%
-546319
-0.05%
-0.02%
SBI Multi Asset Allocation Fund Direct-Growth
0.14%
486027
0.14%
0.14%
Franklin India Large & Mid Cap Fund Direct-Growth
1.66%
413879
0.47%
1.66%
Bandhan Multi Asset Allocation Fund Direct-Growth
0.00%
-400000
-0.49%
-0.48%
UTI Dividend Yield Fund Direct-Growth
1.54%
-400000
-0.12%
0.00%
Bandhan Large & Mid Cap Fund Direct-Growth
0.48%
200000
0.07%
0.23%
Baroda BNP Paribas Midcap Fund Direct-Growth
0.00%
-175000
-0.22%
-1.00%
Bandhan Multi-Factor Fund Direct - Growth
0.78%
-150898
-0.71%
-0.89%
Tata Large & Mid Cap Fund Direct Plan-Growth
2.06%
140319
0.25%
0.51%
Kotak Quant Fund Direct - Growth
0.00%
-133820
-0.62%
-0.79%
LIC MF Multi Cap Fund Direct - Growth
1.24%
-113176
-0.07%
-0.02%
LIC MF Large & Mid Cap Fund Direct-Growth
1.42%
-107014
0.04%
0.03%
DSP Quant Fund Direct - Growth
2.16%
-84944
-0.04%
0.13%
Bandhan Financial Services Fund Direct-Growth
1.60%
71111
0.32%
0.51%
LIC MF Focused Fund Direct - Growth
0.00%
-57457
-0.94%
-2.99%
UTI Conservative Hybrid Fund Direct-Growth
0.39%
-35000
-0.01%
0.02%

Technical Indicators

RSI(14)
Overbought
80.21
ATR(14)
Volatile
10.65
STOCH(9,6)
Overbought
90.52
STOCH RSI(14)
Overbought
92.81
MACD(12,26)
Bullish
3.85
ADX(14)
Strong Trend
42.71
UO(9)
Bearish
67.03
ROC(12)
Uptrend And Accelerating
15.04
WillR(14)
Overbought
-6.05

About M&M Financial Services

Mahindra & Mahindra Financial Services Limited (MMFSL) is a leading Non-Banking Finance Company in India, primarily serving rural and semi-urban markets. It is part of the Mahindra Group and offers financing for vehicles, housing, personal loans, and SMEs. MMFSL operates through a network of 1,386 offices across 27 States and 7 Union Territories. The company has subsidiaries in insurance broking, rural housing finance, and asset management. MMFSL also has a joint venture in the US for financing Mahindra tractors. The company provides services such as insurance broking and mutual fund distribution. MMFSL has expanded its operations to include leasing and subscription services, digital finance lending for consumer durables and personal loans, and used car financing. The company also operates in Sri Lanka through a joint venture.
Listing Date
17 Mar, 2006(19 Years, 10 days)
Chairperson NameAnish Shah