Mahindra & Mahindra Financial

    M&MFIN
    NBFC
    ₹356.15
    price as of 11/9/2026, 5:27:51 pm

    Market cap ₹49,491 Cr

    P/E
    15.18
    Day range
    ₹351.55 – ₹357.60
    52-week range
    ₹267.00 – ₹415.00
    Volume
    21.69 L
    Open
    ₹355.00
    Prev close
    ₹359.25
    Promoters pledged 1.1% of their shares
    52-week range, adjusted for splits and bonuses
    ₹266.05₹415
    10 Sept 202510 Aug 2026
    Index membership
    NIFTY 200NIFTY 500NIFTY MIDCAP 150

    Price history

    6M change +0.88%RSI (14) 37.7 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 60.5% today vs 50.7% average · BSE close ₹355.95

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹270₹315₹360₹405₹4500%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Key metrics

    P/E (TTM)
    15.4
    EPS (TTM)
    ₹23.40
    ROE (FY26)
    11.9%
    Dividend yield
    2.08%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +17.9%
    Profit 3Y CAGR
    +11.4%
    Revenue YoY (Jun 2026)
    +14.6%
    Profit YoY (Jun 2026)
    +75.2%
    Net margin
    16.2%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr1.5K Cr3.0K Cr4.5K Cr6.0K Cr
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • 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 2026-19.0KCr-9.5K Cr0 Cr9.5K Cr19.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

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

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr35.0K Cr70.0K Cr1.1L Cr1.4L Cr0.0x2.0x4.0x6.0x8.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Revenue3,8334,1004,2804,3164,4654,7974,8864,9915,0265,4505,5395,718
    Interest1,7031,7981,8611,9602,0622,1752,2182,2802,1982,2362,2202,372
    Expenses1,7241,4561,5201,6761,8301,3252,0011,9642,0151,9131,9872,034
    Financing Profit4068469006795731,2976677468141,3011,3321,312
    Financing Margin %11%21%21%16%13%27%14%15%16%24%24%23%
    Other Income445068582819274339-1003729
    Depreciation6769727679828586949611099
    Profit before tax3838268966615231,2336097047591,1051,2591,242
    Tax %25%25%25%25%25%26%25%25%25%25%25%25%
    Net Profit287623671497390918456529566826940927
    EPS in Rs₹2.02₹4.48₹4.82₹3.58₹2.80₹6.60₹3.29₹3.80₹4.06₹5.93₹6.75₹6.66

    From company filings, updated 11 Sept 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
    +14%

    Compounded Profit Growth

    10 Years
    +14%
    5 Years
    +35%
    3 Years
    +12%
    TTM
    +46%

    Stock Price CAGR

    10 Years
    +6%
    5 Years
    +17%
    3 Years
    +8%
    1 Year
    +31%

    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
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter52.49%52.49%52.49%52.49%0.00 pp
    FII9.59%9.11%9.40%9.53%+0.13 pp
    DII32.29%32.34%32.09%31.48%-0.61 pp
    Public5.58%6.02%5.98%6.46%+0.48 pp
    Others0.04%0.04%0.03%0.03%0.00 pp

    Filed with NSE for Jun 2026: promoters 52.49%, public 47.48% · XBRL filing

    Analysts & fund holdings

    71%
    71% recommend buy
    34 analysts cover the stock
    Valuation vs Consumer Finance
    P/E15.2 vs 16.6
    Sector P/B2.14
    Beta1.50

    Who holds the shares, quarter by quarter

    Mutual funds 16.68% (-0.33 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters52.5%
    • Foreign institutions9.5%
    • Mutual funds16.7%
    • Insurance4.2%
    • Other domestic institutions10.6%
    • Retail3.9%
    • Others2.6%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Mid Cap Fund4.65%2.28%+0.21 pp
    SBI Contra Fund1.90%2.12%+0.32 pp
    SBI Balanced Advantage Fund0.92%1.16%+0.17 pp
    Sundaram Mid Cap Fund0.87%3.11%+0.44 pp
    Nippon India Growth Mid Cap Fund0.74%0.75%+0.07 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.

    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

    Insider trades

    Last 12 months, market trades
    Net selling ₹6.2 Cr
    11 buys · ₹2.1 Cr
    20 sells · ₹8.3 Cr
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    Debasish Kar
    Employees/Designated Employees · Market Sale
    		Sell7,000₹28.0 L1 Jan 2026
    Shailesh Rao
    Employees/Designated Employees · ESOP
    		Buy4,673₹18.1 L31 Dec 2025
    Rahul Bhalchandra Pitale
    Employees/Designated Employees · ESOP
    		Buy1,896₹7.3 L31 Dec 2025
    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
    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
    Mahesh Rajaraman
    Employees/Designated Employees · ESOP
    		Buy7,268₹25.4 L27 Nov 2025
    Manish Sinha
    Employees/Designated Employees · ESOP
    		Buy10,326₹36.1 L27 Nov 2025
    DEEPA RANJEET
    Employees/Designated Employees · ESOP
    		Buy6,527₹22.8 L27 Nov 2025
    BRIJBALA MOHANLAL BATWAL
    Employees/Designated Employees · ESOP
    		Buy3,749₹13.1 L27 Nov 2025
    Mahindra & Mahindra Financial Services Limited Employees' Stock Option Trust
    Other · Off Market
    		Sell65,128₹2.3 Cr27 Nov 2025

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

    Company announcements

    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
    Company Update
    ESOP Transfer

    Transfer of Equity Shares from Mahindra & Mahindra Financial Services Limited Employee Stock Option Trust to eligible persons.

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

    Schedule of Investor Conference

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

    Schedule of Investor Conference

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

    Schedule of Investor Conference

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

    Reaffirmation of Credit Ratings

    Company Update
    Announcement under Regulation 30 (LODR)-Scheme of Arrangement

    Outcome of Board Meeting - Scheme of Merger

    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 29 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.