Mahindra & Mahindra Financial Services Limited

Financial Services · Finance

NSE: M&MFIN BSE: 532720

₹326.20

Oct. 5, 2026 · NSE · nse_bhavcopy

Peers in Finance

The largest companies in the same industry by market cap. This company ranks #19 of 510. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Bajaj Finance Limited	603,918	—	16.5%	-3.9%	—	58	18	28
Bajaj Finserv Limited	280,320	—	14.0%	-13.9%	—	28	81	25
Shriram Finance Limited	228,562	—	15.2%	44.7%	—	48	50	29
Jio Financial Services Limited	139,987	—	1.2%	-30.8%	0.28%	4	99	9
Cholamandalam Investment and Finance Company Limited	136,874	—	17.2%	-1.8%	—	50	29	25
Tata Capital Limited	134,817	—	—	—	—	—	61	28
Bajaj Holdings & Investment Limited	119,440	—	11.9%	-9.1%	1.35%	80	91	31
Muthoot Finance Limited	109,055	—	26.7%	-15.8%	1.10%	71	65	13
Mahindra & Mahindra Financial Services Limited (this stock)	45,341	—	10.7%	14.8%	—	41	86	26

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet. EBITDA = PBT + interest + depreciation.

Enterprise value

Data unavailable.

EV / EBITDA

Data unavailable.

EV / Sales

Data unavailable.

Market cap / Sales

5.46x

Earnings yield

Data unavailable.

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Dec 2018 quarterly revenue is Rs 2,246 Cr, up 21.7% YoY.

↓ Negative

Quarterly Net Profit

Dec 2018 quarterly net profit is Rs 319 Cr, down 6.8% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	4,972	1,186	899	₹
March 31, 2026	4,800	1,161	873	₹
Dec. 31, 2025	4,754	1,070	810	₹
Sept. 30, 2025	4,473	748	569	₹
June 30, 2025	4,419	693	530	₹
March 31, 2025	4,241	756	563	₹
Dec. 31, 2024	4,143	1,213	899	₹
Sept. 30, 2024	3,897	493	369	₹
June 30, 2024	3,722	686	513	₹
March 31, 2024	3,654	832	619	₹
Dec. 31, 2023	3,454	734	553	₹
Sept. 30, 2023	3,212	316	235	₹
June 30, 2023	3,085	474	353	₹

Quarterly income statement (standalone, ₹ Cr)

Indicator	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17	Mar 17	Dec 16	Sep 16	Jun 16	Mar 16	Dec 15
Total income (before exceptional items)	2,246	2,148	1,940	2,074	1,846	1,683	1,603	1,843	707	831	1,376	1,224	765
Operating revenue	2,223	2,103	1,926	2,060	1,834	1,661	1,592	1,825	694	807	1,366	1,206	757
Other income	24	45	14	14	12	22	11	17	13	24	9	18	8
Operating expenses	693	641	665	638	616	803	796	752	28	-58	-151	-234	-45
Operating profit	1,530	1,462	1,260	1,422	1,217	857	797	1,074	666	865	1,517	1,440	801
Operating profit margin	68.8%	69.5%	65.4%	69.0%	66.4%	51.6%	50.0%	58.8%	95.9%	107.2%	111.1%	119.4%	105.9%
Depreciation	15	14	13	12	11	11	11	14	11	11	11	11	10
Interest	1,019	937	849	755	763	750	733	714	744	709	691	671	670
Exceptional items, gain / (loss)	—	—	—	—	65	—	—	—	—	—	—	—	—
Profit before tax	520	556	412	669	521	119	64	364	-24	146	134	571	104
Tax	201	174	143	244	179	41	16	130	-8	51	47	200	37
Net profit	319	381	269	425	342	78	47	234	-16	95	87	370	67
EPS	5.18	—	—	—	—	—	—	—	—	—	—	—	—
Net profit (TTM)	1,394	1,417	1,114	892	701	344	361	400	536	619	671	673	636
EPS (TTM)	—	—	—	—	—	—	—	—	—	—	—	—	—

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	18,446	3,673	2,782
March 31, 2025	16,019	3,147	2,345
March 31, 2024	13,404	2,355	1,760
March 31, 2023	10,929	2,698	1,984

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
Total income (before exceptional items)	—	—	—	—	—	—	7,206^†	4,756^†	3,626^†	3,702^†	3,502^†	3,361^†
Operating revenue	19.1%	—	18,446	16,019	13,404	10,929	7,147^†	4,692^†	3,574^†	3,653^†	3,471^†	3,323^†
Other income	—	—	—	—	—	—	59^†	64^†	52^†	49^†	31^†	38^†
Operating expenses	—	—	—	—	—	—	2,854^†	570^†	-453^†	-704^†	—	—
Operating profit	—	—	—	—	—	—	4,293^†	4,122^†	4,026^†	4,357^†	—	—
Operating profit margin	—	—	—	—	—	—	60.1%^†	87.8%^†	112.7%^†	119.3%^†	—	—
Depreciation	—	—	—	—	—	—	44^†	46^†	41^†	42^†	24^†	22^†
Interest	—	—	—	—	—	—	3,000^†	2,857^†	2,639^†	2,497^†	—	—
Exceptional items, gain / (loss)	—	—	—	—	—	—	65^†	0^†	0^†	0^†	0^†	29^†
Profit before tax	10.8%	—	3,673	3,147	2,355	2,698	1,373^†	620^†	1,038^†	1,254^†	1,346^†	1,279^†
Tax	—	—	—	—	—	—	481^†	220^†	366^†	422^†	459^†	397^†
Net profit	11.9%	—	2,782	2,345	1,760	1,984	892^†	400^†	673^†	832^†	887^†	883^†
EPS	—	—	—	—	—	—	—	—	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
Operating margin	—	—	—	—	60.1%^†	87.8%^†	112.7%^†	119.3%^†	—	—
EBIT margin	—	—	—	—	61.2%^†	74.1%^†	102.9%^†	102.7%^†	—	—
PBT margin	19.9%	19.6%	17.6%	24.7%	19.2%^†	13.2%^†	29.1%^†	34.3%^†	38.8%^†	38.5%^†
Net margin	15.1%	14.6%	13.1%	18.2%	12.5%^†	8.5%^†	18.8%^†	22.8%^†	25.6%^†	26.6%^†
Interest coverage	—	—	—	—	1.46x^†	1.22x^†	1.39x^†	1.50x^†	—	—
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Debt to equity	—	—	—	—	—	—	—	—	—	—
Return on equity	11.2%	11.8%	—	—	—	—	—	—	—	—
Return on assets	1.9%	1.7%	—	—	—	—	—	—	—	—
Return on capital employed	—	—	—	—	—	—	—	—	—	—
Asset turnover	0.12x	0.12x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	-11,206	1,109	8,821	391	-11,596
March 31, 2025	-15,281	-1,011	17,648	425	-15,707
March 31, 2024	-18,404	1,962	16,503	289	-18,693
March 31, 2023	-17,485	-1,321	18,728	363	-17,848
March 31, 2022	-0	2,613	-2,855	275	-276

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	147,905	24,759	24,481	—	—	—	—	391	939	0
March 31, 2025	135,548	19,812	19,565	—	—	—	—	1,667	876	0
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.