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Mahindra & Mahindra Financial Services Ltd.

FinanceFinance - NBFC

www.mahindrafinance.com BSE: 532720NSE: M&MFIN

₹346.00BSE0.76%

16 Sep, 4:01 PM

₹346.00

₹47.97K Cr

14.75

1.74

11.89%

₹347.00

₹341.30

₹415.00

₹269.40

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Price Performance

Peer Comparison

Name
BAJFINANCE BAJFINANCE	1,008.50	30.93	6,27,887.49	0.59	6,080.60	27.60%	23,165.45	19.58%	10.87
SHRIRAM TRAN SHRIRAMFIN	981.05	20.40	2,30,845.48	1.10	3,452.77	59.90%	13,400.43	16.16%	11.49
CHOLAFIN CHOLAFIN	1,767.05	26.25	1,50,960.95	0.11	1,656.22	45.56%	8,856.29	21.87%	9.70
JIOFIN JIOFIN	225.00	71.90	1,48,570.69	0.27	830.25	155.73%	2,004.47	227.28%	2.11
TATACAP TATACAP	343.50	26.96	1,45,811.25	0.17	1,628.18	56.42%	8,821.93	15.10%	8.66
BAJ HOLD INV BAJAJHLDNG	10,925.00	13.73	1,21,588.16	1.78	2,708.08	-22.71%	394.33	21.46%	14.81
MUTHOOT FIN MUTHOOTFIN	2,766.50	9.77	1,11,066.25	1.08	2,824.84	43.08%	8,671.60	34.44%	15.87
Mahindra & Mahindra Financial Services Ltd. M&MFIN	346.00	14.75	47,968.55	2.17	927.48	75.34%	5,717.91	14.57%	8.63

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4,315.52	4,465.15	4,796.80	4,885.63	4,990.61	5,026.19	5,449.84	5,538.73	5,717.91
Expenses	1,676.38	1,829.58	1,325.24	2,000.94	1,964.16	2,014.54	1,912.64	1,986.54	2,033.62
	2,639.14	2,635.57	3,471.56	2,884.69	3,026.45	3,011.65	3,537.20	3,552.19	3,684.29
	61.15%	59.03%	72.37%	59.04%	60.64%	59.92%	64.90%	64.13%	64.43%
	39.41	14.09	2.65	11.21	22.83	23.26	-118.47	20.79	6.90
Interest	1,960.33	2,062.42	2,174.91	2,217.77	2,279.98	2,197.68	2,236.02	2,219.88	2,372.05
	75.82	78.67	82.20	84.52	85.87	93.93	96.18	110.10	99.14
	661.47	522.96	1,233.01	609.47	703.58	758.73	1,104.52	1,259.07	1,242.22
	24.86%	25.42%	25.58%	25.15%	24.82%	25.39%	25.25%	25.30%	25.34%
	497.66	389.42	917.57	457.22	527.87	564.48	824.16	938.02	926.03
	4.03	3.15	7.43	3.70	3.80	4.06	5.93	6.75	6.66

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	11,317.57	12,699.53	15,796.85	18,463.10	21,005.37
Operating Income (Net)	11,317.57	12,699.53	15,796.85	18,463.10	21,005.37
EXPENDITURE :
Employee Cost	1,613.12	2,115.33	2,261.44	2,354.94	2,509.62
Operating & Establishment Expenses	503.98	640.05	1,160.55	1,411.50	1,840.66
Administrations & Other Expenses	493.74	706.64	794.74	920.71	994.61
Provisions and Contingencies	2,822.22	2,657.91	1,995.73	2,145.33	2,532.99
	5,433.06	6,119.93	6,212.46	6,832.48	7,877.88
Operating Profit (Excl OI)	5,884.51	6,579.60	9,584.39	11,630.62	13,127.49
	168.68	1,557.16	181.73	174.95	81.36
	6,053.19	8,136.76	9,766.12	11,805.57	13,208.85
Interest	4,417.37	5,094.30	6,959.20	8,522.68	8,933.56
	151.99	225.96	274.85	321.21	386.08
Profit Before Taxation & Exceptional Items	1,483.83	2,816.50	2,532.07	2,961.68	3,889.21
Exceptional Income / Expenses	20.57	-56.06			-132.95
	1,549.42	2,803.76	2,588.18	3,026.91	3,825.90
Provision for Tax	399.08	732.56	645.13	766.04	964.79
	1,150.34	2,071.20	1,943.05	2,260.87	2,861.11
Extra items				0.00	0.00
Minority Interest	-13.47	1.20	-10.36	1.00	-6.58
Consolidated Net Profit	1,136.87	2,072.40	1,932.69	2,261.87	2,854.53
Profit Balance B/F	5,285.06	6,146.97	7,417.35	8,364.28	9,372.89
Appropriations	6,421.93	8,219.37	9,350.04	10,626.15	12,227.42
Equity Dividend %	180.00%	300.00%	315.00%	325.00%	375.00%
	9.22	16.80	15.66	18.32	20.54
Adjusted EPS	8.97	16.35	15.23	17.82	20.54

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	246.60	246.72	246.88	246.98	277.91
Share Warrants & Outstandings	43.04	40.19	814.08	26.12	33.14
Total Reserves	16,606.67	18,273.18	18,872.29	21,256.36	26,327.59
Reserve excluding Revaluation Reserve	16,606.67	18,273.18	18,872.29	21,256.36	26,327.59
	16,896.31	18,560.09	19,933.25	21,529.46	26,638.64
Minority Interest	141.46	141.35	41.61	43.52	53.33
Secured Loans	49,992.57	68,055.08	37,402.12	45,766.59	42,042.73
Unsecured Loans	11,193.98	8,335.11	28,138.64	31,351.03	30,703.36
Deferred Tax Assets / Liabilities	-951.27	-745.80	-801.80	-828.55	-825.93
Other Long Term Liabilities	89.54	88.79	1,021.43	482.41	428.64
Long Term Provisions	144.97	135.01	99.00	83.42	190.38
Total Non-Current Liabilities	60,469.79	75,868.19	65,859.39	76,854.90	72,539.18
Trade Payables	1,163.83	1,286.01	1,679.02	1,440.65	1,142.08
Other Current Liabilities	3,088.32	3,196.48	2,338.02	1,177.02	1,376.65
Short Term Borrowings	939.08	5,038.37	32,778.37	41,975.62	55,624.35
Short Term Provisions	158.59	248.48	284.33	255.54	443.78
Total Current Liabilities	5,349.82	9,769.34	37,079.74	44,848.83	58,586.86
Total Liabilities	82,857.38	1,04,338.97	1,22,913.99	1,43,276.71	1,57,818.01
Loans (Non - Current Assets)	1,196.15	3,481.07	1,06,343.96	1,23,513.56	1,39,264.83
Gross Block	1,131.69	1,608.52	1,867.48	2,227.04	2,555.27
Less: Accumulated Depreciation	616.41	737.92	859.52	1,020.09	1,226.96
Net Block	515.28	870.60	1,007.96	1,206.95	1,328.31
Capital Work in Progress			0.15	0.52	1.65
Non Current Investments	8,628.03	10,037.16	7,736.51	4,965.34	4,974.17
Long Term Investment	8,628.03	10,037.16	7,736.51	4,965.34	4,974.17
Long Term Loans & Advances	153.85	235.71	733.47	736.36	623.26
Other Non Current Assets	176.52	1,398.60	98.46	105.07	63.16
Total Non-Current Assets	10,671.93	16,025.78	1,16,025.95	1,30,593.44	1,46,260.80
Currents Investments	26.10	25.97	1,861.95	5,624.45	2,432.74
Sundry Debtors	64.83	98.35	173.35	246.69	325.74
Cash and Bank	4,827.61	4,066.91	4,075.09	5,847.20	7,568.12
Other Current Assets	1,219.10	1,462.77	687.63	964.93	1,230.61
Short Term Loans and Advances	66,047.81	82,659.19	90.02
Total Current Assets	72,185.45	88,313.19	6,888.04	12,683.27	11,557.21
Net Current Assets (Including Current Investments)	66,835.63	78,543.85	-30,191.70	-32,165.56	-47,029.65
Total Assets	82,857.38	1,04,338.97	1,22,913.99	1,43,276.71	1,57,818.01
Contingent Liabilities	1,894.24	2,166.60	1,638.68	1,054.68	1,305.46
Total Debt	62,125.63	81,428.56	98,319.13	1,19,093.24	1,28,370.44
	136.69	150.13	154.89	174.13	191.47
Adjusted Book Value	132.99	146.07	150.70	169.42	191.47

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	1,483.83	2,816.50	2,532.07	2,961.68	3,889.21
Adjustment	-3,647.58	-5,609.13	-5,230.49	-5,598.45	-5,830.24
Changes In working Capital	-4,402.34	-21,150.96	-22,050.83	-18,429.42	-17,186.03
Cash Flow after changes in Working Capital	-6,566.09	-23,943.59	-24,749.25	-21,066.19	-19,127.06
Cash Flow from Operating Activities	18.06	-17,395.31	-18,448.55	-15,601.88	-12,772.18
Cash Flow from Investing Activities	3,110.59	-1,635.37	2,670.28	-1,076.89	769.52
Cash Flow from Financing Activitie	-3,172.88	18,851.96	16,094.90	17,605.33	10,637.20
Net Cash Inflow / Outflow	-44.23	-178.72	316.63	926.56	-1,365.46
Opening Cash & Cash Equivalents	808.53	765.18	586.53	903.54	1,830.50
Cash & Cash Equivalent on Amalgamation / Take over / Merger	1.73	0.07
Effect of Foreign Exchange Fluctuations	-0.71		0.38	0.15	0.41
Closing Cash & Cash Equivalent	765.32	586.53	903.54	1,830.25	465.45

Ratios

Valuation

14.75

1.74

12.19

2.35

23.40

197.89

Profitability

11.89

8.63

1.90

62.50

13.62

Leverage & Liquidity

4.83

0.20

1.43

Returns

2.17

0.14

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	52.16	52.16	52.16	52.16	52.49	52.49	52.49	52.49	52.49
	40.73	41.76	41.63	41.99	41.67	41.88	41.46	41.49	41.02
	7.09	6.08	6.20	5.85	5.84	5.63	6.06	6.02	6.49
	47.84	47.84	47.84	47.84	47.51	47.51	47.51	47.51	47.51
No. of Shareholders	2,24,273	2,11,051	2,24,415	2,17,620	2,27,141	2,22,526	2,43,019	2,36,252	2,41,776

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-06-30	Board Meeting	Quarterly Results
2026-04-24	Ex Dividend	Rs.7.5000 per share(375%)Final Dividend	2026-07-13	2026-07-13
2026-04-24	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

FinanceFinance - NBFC

Mahindra & Mahindra Financial Services Ltd. operates in the Finance sector under the Finance - NBFC industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

12 members across the board and senior leadership

Anish Shah

Chairman

—

Raul Rebello

Managing Director & Chief Executive Officer

₹4.64 Cr

Mar '26

Ashwani Ghai

Non Independent & Non Executive Director

₹34.00 L

Mar '25

Amarjyoti Barua

Non Independent & Non Executive Director

—

Krishna Sukumaran Kumar Nair

Non Independent & Non Executive Director

—

Parag Rao

Non Independent & Non Executive Director

—

Diwakar Gupta