Mahindra & Mahindra Financial Services Limited

Web: mahindrafinance.com NSE: M&MFIN BSE: 532720 SECTOR: Financial Services - Finance

369 9(-2%)

Volume

6c as on 22, Jul

Open

382

High

268

Low

264

378

VWAP

375

52 Week High

412

52 Week Low

246

Viand Research Rating

Quality Score

58/100

Growth Score

20/100

Valuation Score

85/100

Momentum Score

50/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

51,352

No. of Shares

139

P/E

23.04

P/B

1.96

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

10.57

ROCE

Profit Growth

Listing Date

17-Mar-06

Promoter Holding

52.49%

FII Holding

9.4%

DII Holding

32.09%

Price Chart

Price Performance

1 Week16%

1 Month29%

3 Months26%

6 Months5%

1 Year46%

YTD6%

Moving Average

5 Day SMA339

10 Day SMA336

20 Day SMA330

30 Day SMA317

50 Day SMA312

61 Day SMA313

80 Day SMA309

200 Day SMA330

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	412	362	388	428
Resistance 2	388	358	371	395
Resistance 1	369	354	361	384
Pivot Point	344	350	344	352
Support 1	325	346	327	340
Support 2	300	342	317	308
Support 3	282	338	300	297

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HDFCBANK	11,48,708	746	8%	4%	18%	26%	15	40.9	0	79219
2	ICICIBANK	10,28,380	1433	2%	7%	7%	3%	16	40.9	0	57936
3	SBIN	9,35,523	1014	0%	2%	2%	25%	11	40.9	0	86666
4	BAJFINANCE	6,47,464	1040	4%	10%	12%	10%	28	40.9	0	19332
5	LICI	5,33,640	422	4%	4%	48%	54%	9	40.9	0	57453
6	KOTAKBANK	3,80,984	383	1%	5%	11%	82%	20	40.9	0	19288
7	AXISBANK	3,80,565	1223	6%	9%	4%	12%	15	40.9	0	26548
8	BAJAJFINSV	3,02,712	1891	1%	5%	6%	9%	13	40.9	5.52	19669
9	SHRIRAMFIN	2,41,507	1026	2%	7%	5%	62%	21	40.9	0	10024
10	SBILIFE	1,86,506	1859	3%	0%	11%	0%	70	40.9	0	2470
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 52.49%	(0.01) 52.49%	(0.01) 52.49%	(0.31) 52.49%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%	(0.01) 52.16%
FIIs	(0.31) 9.40%	(-0.51) 9.11%	(0.31) 9.59%	(-1.41) 9.33%	(0.21) 10.68%	(0.31) 10.49%	(0.11) 10.19%	(-1.91) 10.08%	(-0.81) 11.95%	(-1.41) 12.72%	(0.21) 14.10%	(-0.91) 13.92%	(-1.21) 14.85%	(-0.81) 16.09%	(-0.61) 16.93%	(-0.31) 17.55%	(-1.31) 17.90%	(0.31) 19.24%	(0.01) 18.99%
DIIs	(-0.31) 32.09%	(0.11) 32.34%	(0.01) 32.29%	(1.01) 32.33%	(0.11) 31.31%	(-0.41) 31.17%	(0.91) 31.58%	(2.11) 30.66%	(1.71) 28.61%	(1.11) 26.96%	(-1.11) 25.84%	(1.81) 26.95%	(1.41) 25.18%	(1.61) 23.76%	(4.21) 22.12%	(1.81) 17.95%	(0.81) 16.16%	(-0.41) 15.38%	(0.01) 15.80%
Public	5.98%	6.02%	5.58%	5.79%	5.81%	6.14%	6.01%	7.00%	7.18%	8.06%	7.79%	6.84%	7.68%	7.83%	8.60%	12.13%	13.58%	12.99%	12.78%
No. of Shareholders	236,252	243,019	222,526	227,141	217,620	224,415	211,051	224,273	227,512	239,372	219,510	185,705	186,265	193,555	214,897	217,677	250,678	249,889	237,701

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	5539	5450	5026	4991	4886	4797	4465	4316	4280	4100	3833	3583	3463	3324	3011	2902	2865	2974	2929	2550
Sales Growth % (YoY)	13.4%	13.6%	12.6%	15.6%	14.1%	17%	16.5%	20.4%	23.6%	23.4%	27.3%	23.5%	20.9%	11.8%	2.8%	13.8%	-4.7%	-	-	-
Sales Growth % (QoQ)	1.6%	8.4%	0.7%	2.1%	1.9%	7.4%	3.5%	0.8%	4.4%	7%	7%	3.5%	4.2%	10.4%	3.8%	1.3%	-3.7%	1.5%	14.9%	-
Expenses	1987	1913	2015	1964	2001	1325	1830	1676	1520	1456	1724	1504	1072	1041	1071	1512	932	556	318	3541
Operating Profit	1332	1301	814	746	667	1297	573	679	900	846	406	482	913	910	748	338	880	1348	1468	-2143
OPM %	24	24	16	15	14	27	13	16	21	21	11	13	26	27	25	12	31	45	50	-84
Other Income	37	-100	39	43	27	19	28	58	68	50	44	67	86	36	-26	24	38	22	54	34
Interest	2220	2236	2198	2280	2218	2175	2062	1960	1861	1798	1703	1597	1477	1373	1192	1052	1053	1071	1143	1151
Depreciation	110	96	94	86	85	82	79	76	72	69	67	66	65	63	55	43	50	35	34	33
Profit before tax	1259	1105	759	704	609	1233	523	661	896	826	383	483	934	884	668	318	868	1334	1488	-2141
Tax %	25	25	25	25	25	26	25	25	25	25	25	25	28	25	26	25	28	26	26	-27
Net Profit	940	826	566	529	456	918	390	497	671	623	287	362	675	664	492	240	629	992	1103	-1573
Net Profit Growth % (QoQ)	13.8%	45.9%	7%	16%	-50.3%	135.4%	-21.5%	-25.9%	7.7%	117.1%	-20.7%	-46.4%	1.7%	35%	105%	-61.8%	-36.6%	-10.1%	170.1%	-
Net Profit Growth % (YoY)	106.1%	-10%	45.1%	6.4%	-32%	47.4%	35.9%	37.3%	-0.6%	-6.2%	-41.7%	50.8%	7.3%	-33.1%	-55.4%	115.3%	-	-	-	-
TTM Net Profit	2861	2377	2469	2293	2261	2476	2181	2078	1943	1947	1988	2193	2071	2025	2353	2964	1151	522	-470	0
EPS in Rs	6.75	5.93	4.06	3.8	3.29	6.6	2.8	3.58	4.82	4.48	2.02	2.58	4.9	4.76	3.53	1.72	4.49	7.99	8.9	-12.74

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	21005	18519	15963	12828	11419	12382	11995	10429	7910	7189	6586	6051	5294	4175
Sales Growth %	13.4%	16%	24.4%	12.3%	-7.8%	3.2%	15%	31.8%	10%	9.2%	8.8%	14.3%	26.8%	-
Expenses	7878	6832	6204	4696	5347	6046	4903	3129	2547	3123	2459	1972	1532	1163
Operating Profit	4194	3271	2799	3038	1655	1028	1702	2868	1927	880	1258	1435	1481	1342
OPM %	20	18	18	24	14	8	14	28	24	12	19	24	28	32
Other Income	18	77	64	-8	47	57	47	49	33	12	12	10	7	35
Interest	8934	8415	6959	5094	4417	5308	5391	4432	3436	3186	2868	2643	2281	1671
Depreciation	386	321	275	226	152	151	147	76	55	54	46	46	26	24
Profit before tax	3826	3027	2588	2804	1549	934	1602	2841	1905	838	1224	1400	1462	1353
Tax %	25	25	25	26	26	16	32	34	36	37	36	34	34	31
Net Profit	2861	2261	1943	2071	1150	780	1086	1867	1216	530	787	925	965	929
Net Profit Growth %	26.5%	16.4%	-6.2%	80.1%	47.4%	-28.2%	-41.8%	53.5%	129.4%	-32.7%	-14.9%	-4.1%	3.9%	-
EPS in Rs	20.54	16.27	13.9	14.91	8.18	5.56	7.73	13.15	8.53	4	6.03	7.13	7.46	8.15
Dividend Payout %	37	35	40	36	39	13	0	22	21	27	29	25	22	22

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	-12772	-15602	-18449	-17395	18	5826	-3115	-12078	-8510	-6467	-4957	-3970	-6448	-7442
Cash from Investing Activity	770	-1077	2671	-1635	3112	-8348	-2689	-1213	243	-97	-440	34	-470	-181
Cash from Financing Activity	10637	17605	16095	18852	-3173	2548	6050	13490	8174	6766	5431	3907	6898	7696
Net Cash Flow	-1365	927	317	-179	-43	26	245	199	-93	202	34	-29	-20	74

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	278	278	247	247	247	247	247	246	123	123	123	113	113	113	113	113
Reserves	26361	24482	21282	19824	19686	18313	16650	15530	11846	11146	9732	6847	6356	5830	5181	4467
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	3635	2937	3483	4672	3567	5096	4787	4724	4189	4505	3889	5619	4494	3459	2871	2339
Total Liabilities	158644	149086	144105	133661	123716	105085	83809	85601	81793	74576	58730	53223	45007	38633	34057	27071
Fixed Assets	1334	1294	1207	1158	1008	871	515	399	455	201	147	133	129	119	128	112
CWIP	2	2	66	0	106	3	2	12	1	1	0	1	0	0	0	1
Investments	7407	7759	10590	9183	9598	10063	8654	12126	5340	3327	2378	1374	1199	654	722	458
Other Assets	149902	140031	132242	123320	113004	94148	74637	73064	75996	71046	56205	51714	43679	37860	33207	26500
Total Assets	158644	149086	144105	133661	123716	105085	83809	85601	81793	74576	58730	53223	45007	38633	34057	27071

Delivery

#	Date	274 40% 384	Value (Cr)	Q/T 79	Del 42	Del 169
1	22-Jul	378	2046	127	16	326
2	21-Jul	350	698	110	30	206
3	20-Jul	323	53	64	48	25
4	17-Jul	324	59	43	49	29
5	16-Jul	322	65	68	59	38
6	15-Jul	325	32	41	36	12
7	14-Jul	325	48	46	47	23
8	13-Jul	333	73	49	46	33
9	10-Jul	341	146	36	60	88
10	9-Jul	337	84	64	56	47
11	8-Jul	332	204	39	55	112
12	7-Jul	332	123	45	56	69
13	6-Jul	332	188	40	52	97
14	3-Jul	334	339	49	55	188
15	2-Jul	318	101	31	59	59
16	1-Jul	315	55	62	45	25
17	30-Jun	316	86	61	41	35
18	29-Jun	315	386	83	46	178
19	25-Jun	329	321	108	50	161
20	24-Jun	311	423	127	60	253
21	23-Jun	291	53	67	57	30
22	22-Jun	294	49	66	68	33
23	19-Jun	294	51	78	49	25
24	18-Jun	296	118	67	57	67
25	17-Jun	298	64	64	61	39
26	16-Jun	298	69	54	61	42
27	15-Jun	298	140	57	58	81
28	12-Jun	291	64	74	54	35
29	11-Jun	276	33	39	54	18
30	10-Jun	277	40	51	55	22
31	9-Jun	285	30	45	47	14
32	8-Jun	281	45	60	51	23
33	5-Jun	290	81	67	52	42
34	4-Jun	289	56	52	52	29
35	3-Jun	291	78	59	53	41
36	2-Jun	294	40	33	50	20
37	1-Jun	295	43	39	53	23
38	29-May	304	103	60	64	65
39	27-May	305	37	38	46	17
40	26-May	305	66	54	54	36
41	25-May	309	91	63	53	48
42	22-May	300	95	49	55	52
43	21-May	302	65	63	52	34
44	20-May	309	42	52	55	23
45	19-May	320	27	45	41	11
46	18-May	317	38	33	47	18
47	15-May	321	53	39	56	30
48	14-May	321	57	31	59	34

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	51,353c	973c	1.86
22-Jul	52,326c	4,003c	8.28
21-Jul	48,322c	3,148c	6.97
17-Jul	45,174c	292c	0.65
16-Jul	44,882c	222c	0.49
15-Jul	45,105c	76c	0.17
14-Jul	45,028c	1,154c	2.50
13-Jul	46,182c	1,647c	3.44
10-Jul	47,829c	987c	2.11
09-Jul	46,842c	417c	0.90
08-Jul	46,425c	222c	0.48
07-Jul	46,203c	195c	0.42
06-Jul	46,008c	1,897c	4.30
02-Jul	44,111c	49c	0.11
30-Jun	44,062c	535c	1.23
29-Jun	43,527c	2,349c	5.12
26-Jun	45,876c	1,029c	2.29
25-Jun	44,847c	1,661c	3.85
24-Jun	43,186c	2,432c	5.97
23-Jun	40,754c	14c	0.03
22-Jun	40,768c	174c	0.42
19-Jun	40,942c	139c	0.34
18-Jun	41,081c	202c	0.49
17-Jun	41,282c	104c	0.25
16-Jun	41,386c	153c	0.37
15-Jun	41,234c	751c	1.85
12-Jun	40,483c	2,064c	5.37
11-Jun	38,419c	709c	1.81
10-Jun	39,128c	0	0

Stock Checklist

Price is above from 52 week high low average: 48%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 387 fund scheme(s) across 36 fund house(s) as of Jul26 · Total value ₹53,421 Cr · 89 increasing / 26 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
ICICI Prudential Mutual Fund	24	224.34%	+5.65%	9319.1
SBI Mutual Fund	24	9.90%	+0.17%	6820.3
HDFC Mutual Fund	26	2.51%	+0.84%	5670.1
ICICI Prudential Asset Management Company Limited	6	6.08%	+7.90%	5426.6
Aditya Birla Sun Life Mutual Fund	22	122.03%	-	5008.3
Kotak Mahindra Mutual Fund	32	48.95%	+2.47%	4297.8
Bandhan Mutual Fund	22	11.27%	-	3824.8
Axis Mutual Fund	27	9.38%	-	2790.7
Nippon India Mutual Fund	28	106.14%	-	2445.5
Tata Mutual Fund	8	11.77%	-	2100.5
Invesco Mutual Fund	9	1.42%	-0.08%	1521.8
Franklin Templeton Mutual Fund	16	2.86%	+3.28%	1036.9
Sundaram Mutual Fund	14	1.56%	-0.05%	829.8
HSBC Mutual Fund	5	2.23%	-	596.7
UTI Mutual Fund	16	1.72%	-	520.1
Edelweiss Mutual Fund	18	0.84%	-	405.2
Motilal Oswal Mutual Fund	12	2.93%	-	156.7
DSP Mutual Fund	12	3.27%	-	149
The Wealth Company Mutual Fund	5	5.62%	-	129.7
JM Financial Mutual Fund	12	2.52%	+0.97%	102.8
WhiteOak Capital Mutual Fund	2	8.52%	+8.52%	95.3
Aditya Birla Sun Life AMC Limited	1	2.83%	+2.83%	50.2
LIC Mutual Fund	8	7.44%	-	31
ITI Mutual Fund	2	0.88%	-0.04%	25.4
Union Mutual Fund	2	2.18%	-	17
Old Bridge Mutual Fund	2	2.90%	-0.01%	12.2
Mirae Asset Mutual Fund	6	0.19%	-	10.3
Sundaram Asset Management Company Ltd	1	0.52%	+0.52%	8.4
Navi Mutual Fund	8	1.09%	-	6.6
JM Financial Asset Management Limited	1	11.26%	+11.26%	6
Zerodha Mutual Fund	4	0.24%	-0.01%	4.6
Jio BlackRock Mutual Fund	2	0.31%	-	1.4
Groww Mutual Fund	4	0.32%	-	0.9
Baroda BNP Paribas Mutual Fund	2	0.51%	-	0.1
Angel One Mutual Fund	2	0.10%	-	0.1
Bajaj Finserv Mutual Fund	2	0.00%	-0.54%	0

Mahindra & Mahindra Financial Services Limited

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