Mahindra and Mahindra Financial Services Ltd
M&MFINMahindra and Mahindra Financial Services Ltd
M&MFIN
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 17.27 | 1.79 | 2.17% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.94 | 2.65 | 0.82% |
Forecast & Ratings
Detailed Forecast from 29 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Mahindra & Mahindra Financial Services Limited is a non-banking financial company (NBFC). The Company serves the financing needs of population residing in rural and semi-urban areas of India.
Investor Presentation
View olderPeers
Compare with peersBajaj Finance Ltd
Jio Financial Services Ltd
Cholamandalam Investment and Finance Company Ltd
Shriram Finance Ltd
Muthoot Finance Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 6,597.45 | 7,200.65 | 7,942.86 | 10,477.78 | 12,042.36 | 12,438.58 | 11,466.10 | 12,875.72 | 16,026.43 | 16,749.75 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 13,698.59 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 704.09 | 886.64 | 1,136.61 | 1,477.95 | 1,609.82 | 1,384.01 | 1,613.12 | 2,115.33 | 2,261.44 | |||||||||||
| Selling & Administrative Expenses | 656.99 | 813.19 | 701.66 | 740.65 | 700.47 | 500.36 | 770.96 | 1,076.19 | 1,676.88 | |||||||||||
| Operating & Other expenses | 3,966.54 | 4,609.35 | 4,144.58 | 5,342.88 | 7,983.17 | 9,469.56 | 7,380.61 | 6,654.48 | 9,225.08 | |||||||||||
EBITDA | 1,269.83 | 891.47 | 1,960.01 | 2,916.30 | 1,748.90 | 1,084.65 | 1,701.41 | 3,029.72 | 2,863.03 | 3,051.16 | ||||||||||
| Depreciation/Amortization | 45.70 | 53.72 | 55.21 | 75.53 | 146.87 | 150.51 | 151.99 | 225.96 | 274.85 | 284.31 | ||||||||||
| PBIT | 1,224.13 | 837.75 | 1,904.80 | 2,840.77 | 1,602.03 | 934.14 | 1,549.42 | 2,803.76 | 2,588.18 | 2,766.85 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 1,224.13 | 837.75 | 1,904.80 | 2,840.77 | 1,602.03 | 934.14 | 1,549.42 | 2,803.76 | 2,588.18 | 2,766.85 | ||||||||||
| Taxes & Other Items | 451.83 | 326.11 | 719.61 | 1,013.46 | 526.88 | 160.93 | 412.55 | 731.36 | 655.49 | 695.19 | ||||||||||
| Net Income | 772.30 | 511.64 | 1,185.19 | 1,827.31 | 1,075.15 | 773.21 | 1,136.87 | 2,072.40 | 1,932.69 | 2,071.66 | ||||||||||
| EPS | 8.34 | 5.52 | 12.25 | 18.13 | 10.66 | 6.90 | 9.22 | 16.80 | 15.66 | 16.78 | ||||||||||
| DPS | 2.44 | 1.46 | 2.44 | 3.96 | 0.00 | 0.80 | 3.60 | 6.00 | 6.30 | 6.00 | ||||||||||
| Payout ratio | 0.29 | 0.26 | 0.20 | 0.22 | 0.00 | 0.12 | 0.39 | 0.36 | 0.40 | 0.36 |
Company Updates
Peers & Comparison
FinancialsConsumer Finance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Mahindra and Mahindra Financial Services Ltd | 18.51 | 1.79 | 2.17% |
| Bajaj Finance Ltd | 28.45 | 5.36 | 0.54% |
| Jio Financial Services Ltd | 130.35 | 1.83 | — |
| Cholamandalam Investment and Finance Company Ltd | 33.50 | 5.85 | 0.15% |
Price Comparison
Compare M&MFIN with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.87%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.94%
Top 5 Mutual Funds holding Mahindra and Mahindra Financial Services Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.5748% | Percentage of the fund’s portfolio invested in the stock 1.81% | Change in the portfolio weight of the stock over the last 3 months 0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 45/76 (+1) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1331% | Percentage of the fund’s portfolio invested in the stock 0.90% | Change in the portfolio weight of the stock over the last 3 months -0.13% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 27/80 (0) |
SBI Long Term Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0259% | Percentage of the fund’s portfolio invested in the stock 1.54% | Change in the portfolio weight of the stock over the last 3 months 0.11% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/70 (+1) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 16, 2024
Dividend/Share
₹6.30
Ex DateEx Date
Jul 16, 2024
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹6.00
Ex DateEx Date
Jul 21, 2023
Cash Dividend
Ex DateEx DateJul 20, 2022
Dividend/Share
₹3.60
Ex DateEx Date
Jul 20, 2022
Cash Dividend
Ex DateEx DateJul 16, 2021
Dividend/Share
₹0.80
Ex DateEx Date
Jul 16, 2021
Cash Dividend
Ex DateEx DateJul 15, 2019
Dividend/Share
₹2.50
Ex DateEx Date
Jul 15, 2019
Broker’s call: M&M Financial (Buy)
M&M Financial Q1 PAT up 45% YoY, NII up 15%
Buy Mahindra & Mahindra Financial Services, target price Rs 350: Motilal Oswal
M&M Fin Q1 profit jumps 45 pc to Rs 513 cr
Mahindra Finance gains as Q1 PAT jumps 45% YoY to Rs 513 cr
Mahindra & Mahindra Financial Services consolidated net profit rises 38.74% in the June 2024 quarter
Total income increased by 20% year on year to Rs 3,760 crore in the quarter ended 30 June 2024. Profit before tax was at Rs 686.38 crore during the quarter, up 44.94% from Rs 473.54 crore posted in Q1 FY24. Net interest income (NII) in Q1 FY25 stood at Rs 1,932 crore, up 15% YoY. Net interest margin (NIM) was at 6.6% in Q1 FY25 as compared with 6.8% for Q1 FY24. Disbursement during the quarter was at Rs 12,741 crore, registering a growth of 5% YoY. The collection efficiency remained steady at 94%, similar to the same quarter of the previous year. Gross loan book was at Rs 1,06,339 crore as on 30 June 2024, up 22.60% on YoY basis. During quarter ended 30 June 2024, assets under management (AUM) jumped 23% YoY to Rs 1,06,339 crore. With a focus on underwriting standards and addressing early bucket delinquency, the asset quality remained stable. Stage-2 and stage-3 together remained below 10%. The stage 3 assets at 3.6% (versus 3.4% as of 31 March 2024) are within the defined risk guardrails for the company. Capital adequacy ratio stood healthy at 18.5% (tier I capital at 16.4%). Provision coverage on Stage 3 loans remained prudent at 59.8%. Total liquidity buffer is better at Rs 8,216 crore. The collection efficiency remained steady at 94%, similar to the same quarter of the previous year. On consolidated basis, the company's net profit was at Rs 497.66 crore in Q1 FY25, registering a growth of 38.74% as against with Rs 358.69 crore posted in Q1 FY24. Revenue from operations stood at Rs 43.15 crore, up 20.42% year on year. Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 10 million customers and has an AUM of over $11 billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits.Powered by Capital Market - Live
Net profit of Mahindra & Mahindra Financial Services rose 38.74% to Rs 497.66 crore in the quarter ended June 2024 as against Rs 358.69 crore during the previous quarter ended June 2023. Sales rose 20.44% to Rs 4315.52 crore in the quarter ended June 2024 as against Rs 3583.20 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales4315.523583.20 20 OPM %61.1558.02 - PBDT737.29549.16 34 PBT661.47482.80 37 NP497.66358.69 39 Powered by Capital Market - Live
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Short Take: M&MFin F&O Contracts Adjustment
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.87%, vs industry avg of 14.73%
Decreasing Market Share
Over the last 5 years, market share decreased from 8.47% to 7.15%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 1.13%, vs industry avg of 21.21%