Mahindra & Mahindra Financial

    M&MFIN
    NBFC
    ₹279.25
    Price as of 26 Oct 2026, 4:52 pm IST

    Market cap ₹38,805 Cr

    P/E
    10.79
    Day range
    ₹267.30 – ₹281.05
    52-week range
    ₹267.30 – ₹415.00
    Volume
    20.78 L
    Open
    ₹274.00
    Prev close
    ₹276.90

    Latest results · Q2 FY27(consolidated)Revenue ₹5,936 Cr+18.1%Profit ₹911 Cr+60.9%Margin 15.3%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    M&MFIN in NSE indices and F&O

    Research profile

    Composite 37 / 100

    Factor percentiles

    Value60
    Quality20
    Momentum38
    Low volatility31

    Derived metrics

    Earn. yield
    9.3%
    Graham no.
    ₹345.86
    vs Graham
    +23.9%
    ROE ÷ P/B
    8.5%
    12-1 mom.
    +22.6%
    Return / vol
    -0.09
    Piotroski
    5/5
    FCF yield
    -34.3%
    PEG
    0.10

    Appears in 16 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 68 in NBFC
    Largest NBFC companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Bajaj FinanceBAJFINANCE₹5.72 L Cr26.384.6918.4%10.9%—4.08+22.8%
    National Stock Exchange of IndiaNSE₹4.30 L Cr41.00—33.0%41.0%78.0%0.01—
    Bajaj FinservBAJAJFINSV₹2.67 L Cr26.533.4026.2%11.0%41.0%5.52+19.1%
    Shriram FinanceSHRIRAMFIN₹1.94 L Cr13.751.8216.4%11.5%—2.12+15.8%
    BSE LtdBSE₹1.36 L Cr48.8719.7044.8%60.0%67.0%0.00+63.5%
    ICICI Prudential Asset Management CompanyICICIAMC₹1.36 L Cr39.1224.5685.8%115.0%73.0%0.00+16.3%
    Jio Financial ServicesJIOFIN₹1.36 L Cr78.031.051.2%2.0%63.0%0.32+73.2%
    Mahindra & Mahindra FinancialM&MFIN₹38,805 Cr10.791.4011.9%8.7%—5.44+18.1%
    Sector median₹27,183 Cr19.782.6515.3%11.4%54.0%1.74+19.9%

    Sector as classified in the tracked universe; medians use every tracked NBFC company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 11d ago

    Headlines about Mahindra & Mahindra Financial from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    10.5
    EPS (TTM)
    ₹23.40
    Price / Book
    1.41
    ROE (FY26)
    11.9%
    Dividend yield
    2.69%

    Moving averages (NSE)

    20-day
    ₹317.26
    Price below
    50-day
    ₹349.71
    Price below
    200-day
    ₹339.87
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +17.9%
    Profit 3Y CAGR
    +11.4%
    Revenue YoY (Sep 2026)
    +18.1%
    Profit YoY (Sep 2026)
    +61.0%
    Net margin
    15.3%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr2K Cr4K Cr6K Cr
    • Revenue
    • Net profit

    Operating margin

    Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • DII
    • FII
    • Public
    • Others

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-20K Cr-10K Cr0 Cr10K Cr20K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%5%10%15%20%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr50K Cr1L Cr1.5L Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 20260x5x10x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY18FY19FY20FY21FY22FY23FY24FY25FY26FY27₹0₹2₹4₹6₹8

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
    Revenue4,1004,2804,3164,4654,7974,8864,9915,0265,4505,5395,7185,936
    Interest1,7981,8611,9602,0622,1752,2182,2802,1982,2362,2202,3722,523
    Expenses1,4561,5201,6761,8301,3252,0011,9642,0151,9131,9872,0342,128
    Financing Profit8469006795731,2976677468141,3011,3321,3121,284
    Financing Margin %21%21%16%13%27%14%15%16%24%24%23%22%
    Other Income5068582819274339-100372948
    Depreciation69727679828586949611099109
    Profit before tax8268966615231,2336097047591,1051,2591,2421,223
    Tax %25%25%25%25%26%25%25%25%25%25%25%26%
    Net Profit623671497390918456529566826940927911
    EPS in Rs₹4.48₹4.82₹3.58₹2.80₹6.60₹3.29₹3.80₹4.06₹5.93₹6.75₹6.66₹6.54

    From company filings, updated 27 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Strengths, risks & growth

    Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group,is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing. [1]

    Strengths

    • Company has been maintaining a healthy dividend payout of 37.4%

    Risks

    • Company has low interest coverage ratio.
    • Company has a low return on equity of 11.1% over last 3 years.
    • Company might be capitalizing the interest cost

    Compounded Sales Growth

    10 Years
    +12%
    5 Years
    +11%
    3 Years
    +18%
    TTM
    +15%

    Compounded Profit Growth

    10 Years
    +14%
    5 Years
    +35%
    3 Years
    +12%
    TTM
    +50%

    Stock Price CAGR

    10 Years
    +3%
    5 Years
    +8%
    3 Years
    +1%
    1 Year
    -6%

    Return on Equity

    10 Years
    +10%
    5 Years
    +11%
    3 Years
    +11%
    Last Year
    +12%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter52.49%52.49%52.49%52.48%-0.01 pp
    FII9.11%9.40%9.53%9.95%+0.42 pp
    DII32.34%32.09%31.48%31.56%+0.08 pp
    Public6.02%5.98%6.46%5.97%-0.49 pp
    Others0.04%0.03%0.03%0.04%+0.01 pp

    Filed with NSE for Sept 2026: promoters 52.48%, public 47.48% · XBRL filing

    Analysts & fund holdings

    73%
    73% recommend buy
    33 analysts cover the stock
    Valuation vs Consumer Finance
    P/E10.8 vs 16.4
    Sector P/B2.12
    Beta1.49

    Who holds the shares, quarter by quarter

    Mutual funds 17.63% (+0.94 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters52.5%
    • Foreign institutions10.0%
    • Mutual funds17.6%
    • Insurance4.5%
    • Other domestic institutions9.5%
    • Retail3.7%
    • Others2.3%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Mid Cap Fund4.96%2.11%+0.04 pp
    SBI Contra Fund2.03%1.95%+0.15 pp
    SBI Balanced Advantage Fund0.98%1.05%+0.05 pp
    Sundaram Mid Cap Fund0.88%2.74%+0.11 pp
    HSBC Midcap Fund0.80%2.03%+0.21 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    Avg
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    39.1%
    Downside volatility
    34.7%
    Worst 5% of days
    3.9%
    Average of that tail
    4.6%
    Max drawdown (1Y)
    32.8%
    Below its peak
    32.8%

    Against the market

    Beta vs Nifty 50
    1.54
    Correlation
    0.52
    Relative strength (3M)
    -19.9%
    ATR (14)
    4.5%

    Return

    Return 1M
    -21.4%
    Return 3M
    -25.2%
    Return 6M
    -7.8%
    Return 1Y
    -3.7%
    vs 200-day average
    -18.5%

    Momentum

    RSI (14) · oversold
    20.4
    MACD histogram
    -2.88
    Stochastic %K
    12.0
    ADX (14)
    33.0
    +DI / −DI
    9.1 / 39.2
    Money flow index
    22.8

    Participation

    Delivery (20d avg)
    54.3%
    vs its 60-day baseline
    +0.2 pts
    Volume vs 20-day
    +0.2σ
    Close vs day's VWAP
    -0.1%
    52-week position
    5 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    5 of 5 tested

    • Return on assets positive — passed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — passed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — passed
    • Current ratio improving — not testableno current assets or liabilities figure
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — passed
    • Asset turnover improving — passed
    Free cash flow
    -₹13,188 Cr
    FCF yield
    -34.3%
    Cash conversion
    -4.46
    Accruals ratio
    0.099
    Net debt
    ₹1.09 L Cr
    Net debt / equity
    4.10
    EV / sales
    6.52
    PEG
    0.10
    Capex intensity
    2.0%
    Revenue CAGR
    13.4%
    Profit CAGR
    106.2%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Insider trades

    Last 12 months, market trades
    Net selling ₹3.6 Cr
    11 buys · ₹2.1 Cr
    16 sells · ₹5.7 Cr
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    Debasish Kar
    Employees/Designated Employees · Market Sale
    		Sell7,000₹28.0 L1 Jan 2026
    Rahul Bhalchandra Pitale
    Employees/Designated Employees · ESOP
    		Buy1,896₹6.6 L31 Dec 2025
    Anuraag Bindal
    Employees/Designated Employees · ESOP
    		Buy3,393₹13.1 L31 Dec 2025
    Rahul Bhalchandra Pitale
    Employees/Designated Employees · ESOP
    		Buy1,896₹7.3 L31 Dec 2025
    Shailesh Rao
    Employees/Designated Employees · ESOP
    		Buy4,673₹18.1 L31 Dec 2025
    Mahindra & Mahindra Financial Services Limited Employees' Stock Option Trust
    Other · ESOP
    		Sell21,022₹81.2 L31 Dec 2025
    R Sundar
    Employees/Designated Employees · Market Sale
    		Sell4,500₹16.3 L28 Nov 2025
    Debasish Kar
    Employees/Designated Employees · Market Sale
    		Sell2,000₹6.4 L27 Nov 2025
    Sandeep Mandrekar
    Employees/Designated Employees · ESOP
    		Buy11,750₹41.1 L27 Nov 2025
    Mahesh Rajaraman
    Employees/Designated Employees · ESOP
    		Buy7,268₹25.4 L27 Nov 2025
    Kapil Toshniwal
    Employees/Designated Employees · ESOP
    		Buy3,208₹11.2 L27 Nov 2025
    BRIJBALA MOHANLAL BATWAL
    Employees/Designated Employees · ESOP
    		Buy3,749₹13.1 L27 Nov 2025

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Corporate actions

    • dividend
      ₹7.50

      Dividend - Rs 7.50 Per Share

      13 Jul 2026
      ex-date
    • dividend
      ₹6.50

      Dividend - Rs 6.50 Per Share

      15 Jul 2025
      ex-date
    • rights
      Not available — not reported in this filing

      Rights 1:8 @ Premium Rs 192/-

      14 May 2025
      ex-date
    • dividend
      ₹6.30

      Annual General Meeting/Dividend - Rs 6.30 Per Share

      16 Jul 2024
      ex-date
    • dividend
      ₹6.00

      Annual General Meeting/Dividend - Rs 6 Per Share

      21 Jul 2023
      ex-date
    • dividend
      ₹3.60

      Annual General Meeting/Dividend - Rs 3.60 Per Share

      20 Jul 2022
      ex-date
    • dividend
      ₹0.80

      Annual General Meeting/Dividend - Rs 0.80 Per Share

      16 Jul 2021
      ex-date
    • rights
      Not available — not reported in this filing

      Rights 1:1 @ Premium Rs 48/-

      22 Jul 2020
      ex-date
    • dividend
      ₹4.00

      Annual General Meeting/Dividend - Rs 4 Per Share/ Special Dividend - Rs 2.5 Per Share

      15 Jul 2019
      ex-date
    • dividend
      ₹4.00

      Annual General Meeting/Dividend - Rs 4 Per Share

      19 Jul 2018
      ex-date
    • dividend
      ₹2.40

      Annual General Meeting/Dividend - Rs 2.40 Per Share

      14 Jul 2017
      ex-date
    • dividend
      ₹4.00

      Annual General Meeting/ Dividend -Rs 4/- Per Share

      14 Jul 2016
      ex-date
    • dividend
      ₹4.00

      Annual General Meeting/Dividend - Rs 4/- Per Share

      2 Jul 2015
      ex-date
    • dividend
      ₹3.80

      Annual General Meeting / Dividend - Rs 3.80/- Per Share

      3 Jul 2014
      ex-date
    • dividend
      ₹3.40

      Annual General Meeting/Dividend - Final Rs.3.40 + Special Re.0.20 Per Share

      4 Jul 2013
      ex-date
    • split
      Not available — not reported in this filing

      Face Value Split Rs 10 To Rs 2

      15 Feb 2013
      ex-date
    • dividend
      ₹14.00

      Annual General Meeting And Dividend Rs.14/- Per Share

      5 Jul 2012
      ex-date
    • dividend
      ₹10.00

      Annual General Meeting And Dividend Rs.10/- Per Share

      7 Jul 2011
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Rs.7.50 Per Share

      30 Jun 2010
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Rs.5.50 Per Share

      2 Jul 2009
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Monthly Business Updates

    Quarterly Business Update - Q2 FY27

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment

    Allotment of NCDs

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For Q2 FY 2027

    Mahindra & Mahindra Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2026 ,inter alia, to consider and approve the ....

    Insider Trading / SAST
    Closure of Trading Window

    Trading Window will be closed from 01st October 2026 to 23rd October 2026 (both days inclusive) for the purpose of consideration and approval of Unaudited Financial Results for the quarter ....

    Company Update
    ESOP Transfer

    ESOP transfer

    Company Update
    Announcement under Regulation 30 (LODR)-Issue of Securities

    Issue of NCDs

    Company Update
    ESG Rating
    Company Update
    ESOP Transfer
    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please find enclosed.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please find enclosed.

    Company Update
    Newspaper Publication Regarding Special Window For Transfer And Dematerialization Of Physical Securities

    Please find enclosed

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Re-affirmation of Credit Ratings

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Investor Conference

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    Allotment of Equity Shares to Mahindra & Mahindra Financial Services Limited Employees' Stock Option Trust

    Company Update
    ESG Rating

    Filed with BSE (scrip 532720); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 22 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Mahindra & Mahindra Financial: common questions

    Answered from the figures on this page.

    Mahindra & Mahindra Financial last traded at ₹279.25 (NSE, as of 26 Oct 2026). The last session moved it up 0.85%.

    Mahindra & Mahindra Financial is valued at about ₹38,805 crore (NSE, as of 26 Oct 2026).

    Mahindra & Mahindra Financial trades at a price-to-earnings ratio of 10.79 (NSE, as of 26 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Mahindra & Mahindra Financial has traded between ₹267.30 and ₹415.00 over the past 52 weeks, to 26 Oct 2026. It is currently 8% of the way up that range.

    Mahindra & Mahindra Financial (M&MFIN) is classified under NBFC on this site's screener.