Mahindra & Mahindra Financial Services Ltd

M & M Fin. Serv. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahindra & Mahindra Financial Services Ltd

₹ 256 -1.37%
21 Nov - close price
mahindrafinance.com BSE: 532720 NSE: M&MFIN
About

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]

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Website BSE NSE
  • Market Cap ₹ 31,662 Cr.
  • Current Price ₹ 256
  • High / Low ₹ 343 / 246
  • Stock P/E 15.4
  • Book Value ₹ 148
  • Dividend Yield 2.46 %
  • ROCE 8.67 %
  • ROE 9.96 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 42.1%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.00% over past five years.
  • Company has a low return on equity of 9.69% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of Nifty LargeMidcap 250 Nifty Midcap 150 Nifty 200 Nifty Dividend Opportunities 50 BSE 150 MidCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 2,508 2,529 2,442 2,486 2,586 2,862 2,994 3,085 3,212 3,454 3,654 3,722 3,897
Interest 1,015 951 936 932 1,069 1,242 1,334 1,450 1,566 1,675 1,735 1,829 1,934
96 353 654 1,230 829 754 726 1,147 1,302 1,023 1,079 1,181 1,431
Financing Profit 1,397 1,225 852 324 688 866 934 487 344 755 840 712 532
Financing Margin % 56% 48% 35% 13% 27% 30% 31% 16% 11% 22% 23% 19% 14%
14 14 24 12 -31 29 63 41 29 37 52 38 28
Depreciation 28 29 42 36 46 52 53 54 56 58 60 64 67
Profit before tax 1,383 1,210 834 300 611 843 944 474 316 734 832 686 493
Tax % 26% 26% 28% 26% 27% 25% 28% 26% 26% 25% 26% 25% 25%
1,023 894 601 223 448 629 684 353 235 553 619 513 369
EPS in Rs 8.28 7.23 4.86 1.80 3.63 5.09 5.54 2.85 1.90 4.47 5.01 4.15 2.99
Gross NPA % 12.68% 11.30% 7.66% 8.03% 6.70% 5.93% 4.49% 4.35% 4.29% 3.97% 3.40% 3.56% 3.83%
Net NPA % 6.39% 5.63% 3.36% 3.53% 2.91% 2.52% 1.87% 1.78% 1.71% 1.52% 1.28% 1.46% 1.59%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 3,956 4,949 5,578 5,900 6,234 6,748 8,808 10,244 10,508 9,717 11,053 13,555 14,727
Interest 1,619 2,188 2,497 2,639 2,857 3,082 3,945 4,829 4,733 3,920 4,577 6,427 7,173
1,003 1,395 1,793 2,187 2,714 1,958 2,423 3,954 5,241 4,315 3,540 4,551 4,715
Financing Profit 1,334 1,366 1,289 1,074 663 1,709 2,441 1,461 534 1,482 2,937 2,577 2,839
Financing Margin % 34% 28% 23% 18% 11% 25% 28% 14% 5% 15% 27% 19% 19%
-33 4 6 5 4 2 2 1 15 1 -51 7 154
Depreciation 22 24 42 41 46 44 60 118 126 127 187 229 249
Profit before tax 1,279 1,346 1,254 1,038 620 1,667 2,382 1,344 422 1,357 2,698 2,355 2,745
Tax % 31% 34% 34% 35% 35% 35% 35% 33% 21% 27% 26% 25%
883 887 832 673 400 1,076 1,557 906 335 989 1,984 1,760 2,054
EPS in Rs 7.76 7.80 7.31 5.91 3.52 8.71 12.60 7.34 2.71 8.00 16.06 14.24 16.62
Dividend Payout % 23% 24% 27% 34% 34% 23% 26% 0% 29% 45% 37% 44%
Compounded Sales Growth
10 Years: 11%
5 Years: 9%
3 Years: 9%
TTM: 21%
Compounded Profit Growth
10 Years: 7%
5 Years: 2%
3 Years: 74%
TTM: 8%
Stock Price CAGR
10 Years: 3%
5 Years: 5%
3 Years: 15%
1 Year: -6%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 10%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 113 113 113 113 113 123 123 123 246 247 247 247 247
Reserves 4,342 4,982 5,557 5,975 6,364 9,499 10,785 11,241 14,465 15,381 16,842 17,911 18,036
18,872 23,931 26,263 29,452 34,538 40,093 52,847 59,462 58,577 55,814 74,946 92,225 103,217
2,166 2,641 3,141 4,039 4,821 3,078 3,323 3,245 3,748 3,847 4,182 4,777 3,996
Total Liabilities 25,492 31,666 35,074 39,579 45,837 52,793 67,078 74,071 77,036 75,289 96,217 115,159 125,496
106 119 110 113 112 120 163 364 330 393 696 826 985
CWIP 1 0 0 0 0 0 0 0 10 0 0 105 0
Investments 561 869 854 1,483 1,873 2,734 3,792 5,911 11,705 8,440 9,989 9,651 9,187
24,825 30,677 34,110 37,983 43,852 49,939 63,123 67,797 64,991 66,456 85,532 104,578 115,324
Total Assets 25,492 31,666 35,074 39,579 45,837 52,793 67,078 74,071 77,036 75,289 96,217 115,159 125,496

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6,953 -5,917 -2,989 -3,381 -4,907 -7,106 -10,918 -3,151 4,886 -0 -17,485 -18,404
-188 -515 -16 -506 -256 211 -1,317 -2,573 -7,252 2,613 -1,321 1,962
7,215 6,411 2,974 3,915 5,360 6,755 12,465 5,899 2,260 -2,855 18,728 16,503
Net Cash Flow 74 -22 -31 27 196 -140 230 175 -106 -243 -78 61

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 23% 19% 15% 11% 6% 13% 15% 8% 3% 7% 12% 10%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16%
19.24% 17.90% 17.55% 16.93% 16.09% 14.85% 13.92% 14.10% 12.72% 11.95% 10.08% 10.19%
15.38% 16.16% 17.95% 22.12% 23.76% 25.18% 26.95% 25.84% 26.96% 28.61% 30.66% 31.58%
12.99% 13.58% 12.13% 8.60% 7.83% 7.68% 6.84% 7.79% 8.06% 7.18% 7.00% 6.01%
0.24% 0.21% 0.21% 0.20% 0.18% 0.16% 0.15% 0.14% 0.10% 0.09% 0.09% 0.07%
No. of Shareholders 2,49,8892,50,6782,17,6772,14,8971,93,5551,86,2651,85,7052,19,5102,39,3722,27,5122,24,2732,11,051

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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