Mahindra & Mahindra Financial Services Ltd.
•2026-08-21
PROS
- Company has delivered good profit growth of 29.7% CAGR over last 5 years
- Comfortable capital adequacy - CAR of 18.8%
- Asset quality is healthy - gross NPA of just 0.0%
- Solid return on assets for a lender - ROA of 2.0%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 75.3% YoY, showing strong momentum
CONS
- Company has a low return on capital employed of 8.8%
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 12.6%
- Thin net interest margin of 0.0%
- Growth is decelerating - 3Y profit CAGR (11.4%) trails the 5Y trend (29.7%)
- Company's return on assets is weak at 1.9%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | M&MFIN | 389.55 | 16.65 | 54146.33 | 1.93 | 927.48 | 75.34 | 5717.91 | 23.09 | 8.63 | 64.82 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,403 | 3,529 | 3,742 | 3,951 | 4,005 | 4,178 | 4,420 | 4,841 | 4,645 | 4,686 | 4,980 | 5,489 | 5,718 | |
| 1,504 | 1,724 | 1,456 | 1,520 | 1,676 | 1,830 | 1,325 | 2,001 | 1,964 | 2,015 | 1,913 | 1,987 | 4,505 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 54 | 30 | 37 | 53 | 39 | 14 | 3 | 11 | 23 | 23 | 14 | 21 | 7 |
| Interest | 1,597 | 1,703 | 1,798 | 1,861 | 1,960 | 2,062 | 2,175 | 2,218 | 2,280 | 2,198 | 2,236 | 2,220 | 2,372 |
| Depreciation | 66 | 67 | 69 | 72 | 76 | 79 | 82 | 85 | 86 | 94 | 96 | 110 | 99 |
| 469 | 369 | 814 | 880 | 642 | 509 | 1,217 | 594 | 683 | 743 | 1,087 | 1,243 | 1,242 | |
| Tax % | 25.71% | 26.02% | 25.00% | 25.57% | 25.60% | 26.14% | 25.91% | 25.82% | 25.55% | 25.92% | 25.67% | 25.63% | 25.34% |
| Net Profit | 0 | 0 | 0 | 0 | 497 | 390 | 918 | 456 | 529 | 566 | 826 | 940 | 927 |
| 3 | 2 | 5 | 5 | 4 | 3 | 7 | 4 | 4 | 4 | 6 | 7 | 1 | |
| Equity Capital | 247 | 247 | 247 | 247 | 247 | 247 | 247 | 247 | 278 | 278 | 278 | 278 | 278 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 247 | 247 | 247 | 247 | 247 | 247 | 247 | 247 | 278 | 278 | 278 | 278 | 278 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 3,403
- 1,504
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 1,597
- Depreciation
- 66
- 469
- Tax %
- 25.71%
- Net Profit
- 0
- 3
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,529
- 1,724
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 1,703
- Depreciation
- 67
- 369
- Tax %
- 26.02%
- Net Profit
- 0
- 2
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,742
- 1,456
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 1,798
- Depreciation
- 69
- 814
- Tax %
- 25.00%
- Net Profit
- 0
- 5
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,951
- 1,520
- Operating Profit
- —
- OPM %
- —
- Other Income
- 53
- Interest
- 1,861
- Depreciation
- 72
- 880
- Tax %
- 25.57%
- Net Profit
- 0
- 5
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,005
- 1,676
- Operating Profit
- —
- OPM %
- —
- Other Income
- 39
- Interest
- 1,960
- Depreciation
- 76
- 642
- Tax %
- 25.60%
- Net Profit
- 497
- 4
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,178
- 1,830
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 2,062
- Depreciation
- 79
- 509
- Tax %
- 26.14%
- Net Profit
- 390
- 3
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,420
- 1,325
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2,175
- Depreciation
- 82
- 1,217
- Tax %
- 25.91%
- Net Profit
- 918
- 7
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,841
- 2,001
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 2,218
- Depreciation
- 85
- 594
- Tax %
- 25.82%
- Net Profit
- 456
- 4
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 247
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,645
- 1,964
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 2,280
- Depreciation
- 86
- 683
- Tax %
- 25.55%
- Net Profit
- 529
- 4
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,686
- 2,015
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 2,198
- Depreciation
- 94
- 743
- Tax %
- 25.92%
- Net Profit
- 566
- 4
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,980
- 1,913
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 2,236
- Depreciation
- 96
- 1,087
- Tax %
- 25.67%
- Net Profit
- 826
- 6
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,489
- 1,987
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 2,220
- Depreciation
- 110
- 1,243
- Tax %
- 25.63%
- Net Profit
- 940
- 7
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,718
- 4,505
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 2,372
- Depreciation
- 99
- 1,242
- Tax %
- 25.34%
- Net Profit
- 927
- 1
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 278
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,146 | 7,884 | 10,372 | 11,885 | 12,111 | 11,318 | 12,700 | 15,797 | 18,463 | 21,005 | 20,873 | |
| 3,123 | 2,921 | 4,215 | 4,908 | 6,047 | 5,433 | 6,120 | 6,212 | 6,832 | 7,878 | 10,419 | |
| Operating Profit | 4,078 | 5,366 | 7,302 | 7,094 | 6,124 | 6,053 | 8,137 | 9,766 | 11,806 | 13,209 | — |
| OPM % | 57 | 68 | 70 | 60 | 51 | 53 | 64 | 62 | 64 | 63 | — |
| Other Income | 54 | 402 | 1,145 | 117 | 60 | 169 | 1,557 | 182 | 175 | 81 | 65 |
| Interest | 3,186 | 3,436 | 4,432 | 5,391 | 5,308 | 4,417 | 5,094 | 6,959 | 8,523 | 8,934 | 9,026 |
| Depreciation | 54 | 55 | 76 | 147 | 151 | 152 | 226 | 275 | 321 | 386 | 399 |
| 838 | 1,905 | 2,841 | 1,602 | 934 | 1,549 | 2,804 | 2,588 | 3,027 | 3,826 | 4,315 | |
| Tax % | 37 | 36 | 34 | 32 | 16 | 26 | 26 | 25 | 25 | 25 | 26 |
| Net Profit | 530 | 1,216 | 1,867 | 1,086 | 780 | 1,150 | 2,071 | 1,943 | 2,261 | 2,861 | 3,210 |
| EPS | 9 | 20 | 30 | 12 | 7 | 9 | 17 | 16 | 18 | 21 | — |
| Dividend Payout % | 27 | 21 | 22 | 0 | 13 | 39 | 36 | 40 | 35 | 37 | — |
| Minority Interest | -18 | -31 | -40 | -11 | -7 | -13 | 1 | -10 | 1 | -7 | -3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72 |
| Adjusted EPS | 5 | 11 | 18 | 10 | 6 | 9 | 16 | 15 | 18 | 21 | — |
| Minority Interest | -18 | -31 | -40 | -11 | -7 | -13 | 1 | -10 | 1 | -7 | -3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72 |
| Adjusted EPS | 5 | 11 | 18 | 10 | 6 | 9 | 16 | 15 | 18 | 21 | — |
- 7,146
- 3,123
- Operating Profit
- 4,078
- OPM %
- 57
- Other Income
- 54
- Interest
- 3,186
- Depreciation
- 54
- 838
- Tax %
- 37
- Net Profit
- 530
- EPS
- 9
- Dividend Payout %
- 27
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 5
- 7,884
- 2,921
- Operating Profit
- 5,366
- OPM %
- 68
- Other Income
- 402
- Interest
- 3,436
- Depreciation
- 55
- 1,905
- Tax %
- 36
- Net Profit
- 1,216
- EPS
- 20
- Dividend Payout %
- 21
- Minority Interest
- -31
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- -31
- Share of Associates
- 0
- Adjusted EPS
- 11
- 10,372
- 4,215
- Operating Profit
- 7,302
- OPM %
- 70
- Other Income
- 1,145
- Interest
- 4,432
- Depreciation
- 76
- 2,841
- Tax %
- 34
- Net Profit
- 1,867
- EPS
- 30
- Dividend Payout %
- 22
- Minority Interest
- -40
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- -40
- Share of Associates
- 0
- Adjusted EPS
- 18
- 11,885
- 4,908
- Operating Profit
- 7,094
- OPM %
- 60
- Other Income
- 117
- Interest
- 5,391
- Depreciation
- 147
- 1,602
- Tax %
- 32
- Net Profit
- 1,086
- EPS
- 12
- Dividend Payout %
- 0
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 10
- 12,111
- 6,047
- Operating Profit
- 6,124
- OPM %
- 51
- Other Income
- 60
- Interest
- 5,308
- Depreciation
- 151
- 934
- Tax %
- 16
- Net Profit
- 780
- EPS
- 7
- Dividend Payout %
- 13
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 6
- 11,318
- 5,433
- Operating Profit
- 6,053
- OPM %
- 53
- Other Income
- 169
- Interest
- 4,417
- Depreciation
- 152
- 1,549
- Tax %
- 26
- Net Profit
- 1,150
- EPS
- 9
- Dividend Payout %
- 39
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 9
- 12,700
- 6,120
- Operating Profit
- 8,137
- OPM %
- 64
- Other Income
- 1,557
- Interest
- 5,094
- Depreciation
- 226
- 2,804
- Tax %
- 26
- Net Profit
- 2,071
- EPS
- 17
- Dividend Payout %
- 36
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 16
- 15,797
- 6,212
- Operating Profit
- 9,766
- OPM %
- 62
- Other Income
- 182
- Interest
- 6,959
- Depreciation
- 275
- 2,588
- Tax %
- 25
- Net Profit
- 1,943
- EPS
- 16
- Dividend Payout %
- 40
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 15
- 18,463
- 6,832
- Operating Profit
- 11,806
- OPM %
- 64
- Other Income
- 175
- Interest
- 8,523
- Depreciation
- 321
- 3,027
- Tax %
- 25
- Net Profit
- 2,261
- EPS
- 18
- Dividend Payout %
- 35
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 18
- 21,005
- 7,878
- Operating Profit
- 13,209
- OPM %
- 63
- Other Income
- 81
- Interest
- 8,934
- Depreciation
- 386
- 3,826
- Tax %
- 25
- Net Profit
- 2,861
- EPS
- 21
- Dividend Payout %
- 37
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 21
- 20,873
- 10,419
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 9,026
- Depreciation
- 399
- 4,315
- Tax %
- 26
- Net Profit
- 3,210
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -3
- Share of Associates
- 72
- Adjusted EPS
- —
- Minority Interest
- -3
- Share of Associates
- 72
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 12%
- 3 Years:
- 18%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 30%
- 3 Years:
- 11%
STOCK PRICE CAGR
- 10 Years:
- 7%
- 5 Years:
- 22%
- 3 Years:
- 12%
- 1 Year:
- 43%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 10%
- 3 Years:
- 11%
- Last Year:
- 12%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 113 | 123 | 123 | 123 | 246 | 247 | 247 | 247 | 247 | 278 |
| 6,823 | 9,710 | 11,109 | 11,792 | 15,480 | 16,607 | 18,273 | 18,872 | 21,256 | 26,328 | |
| 7,141 | 4,866 | 4,381 | 452 | 1,476 | 939 | 5,038 | 32,778 | 41,976 | 55,624 | |
| Trade Payables | 607 | 1,138 | 1,148 | 723 | 779 | 1,164 | 1,286 | 1,679 | 1,441 | 1,142 |
| 37,783 | 42,175 | 57,364 | 68,124 | 66,675 | 63,901 | 79,495 | 69,337 | 78,357 | 74,446 | |
| Total Liabilities | 52,466 | 58,012 | 74,126 | 81,214 | 84,656 | 82,857 | 1,04,339 | 1,22,914 | 1,43,277 | 1,57,818 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 133 | 147 | 201 | 455 | 399 | 515 | 871 | 1,008 | 1,207 | 1,328 | |
| Capital Work in Progress | 1 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 1 | 2 |
| 1,374 | 2,378 | 3,327 | 5,340 | 12,126 | 8,654 | 10,063 | 9,598 | 10,590 | 7,407 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 173 | 247 | 326 | |
| Cash & Bank | 604 | 478 | 994 | 1,532 | 4,037 | 4,828 | 4,067 | 4,075 | 5,847 | 7,568 |
| 50,354 | 55,009 | 69,603 | 73,886 | 68,083 | 68,860 | 89,338 | 1,08,059 | 1,25,386 | 1,41,187 | |
| Total Assets | 52,466 | 58,012 | 74,126 | 81,214 | 84,656 | 82,857 | 1,04,339 | 1,22,914 | 1,43,277 | 1,57,818 |
| Total Debt | 40,644 | 44,986 | 58,802 | 65,634 | 65,101 | 62,126 | 81,429 | 98,319 | 1,19,093 | 1,28,370 |
| Net Working Capital | 3,080 | 45,789 | 60,415 | 72,081 | 64,884 | 66,836 | 78,544 | -30,192 | -32,166 | -47,030 |
| Contingent Liabilities | 369 | 383 | 736 | 1,264 | 1,739 | 1,894 | 2,167 | 1,639 | 1,055 | 1,305 |
| Book Value per Share | 122.74 | 160.02 | 182.68 | 193.63 | 127.65 | 136.69 | 150.13 | 154.89 | 174.13 | 191.47 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 40,644 | 44,986 | 58,802 | 65,634 | 65,101 | 62,126 | 81,429 | 98,319 | 1,19,093 | 1,28,370 |
| Net Working Capital | 3,080 | 45,789 | 60,415 | 72,081 | 64,884 | 66,836 | 78,544 | -30,192 | -32,166 | -47,030 |
| Contingent Liabilities | 369 | 383 | 736 | 1,264 | 1,739 | 1,894 | 2,167 | 1,639 | 1,055 | 1,305 |
| Book Value per Share | 122.74 | 160.02 | 182.68 | 193.63 | 127.65 | 136.69 | 150.13 | 154.89 | 174.13 | 191.47 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
- Equity Capital
- 113
- 6,823
- 7,141
- Trade Payables
- 607
- 37,783
- Total Liabilities
- 52,466
- 133
- Capital Work in Progress
- 1
- 1,374
- 0
- Cash & Bank
- 604
- 50,354
- Total Assets
- 52,466
- Total Debt
- 40,644
- Net Working Capital
- 3,080
- Contingent Liabilities
- 369
- Book Value per Share
- 122.74
- Face Value
- 2.00
- Total Debt
- 40,644
- Net Working Capital
- 3,080
- Contingent Liabilities
- 369
- Book Value per Share
- 122.74
- Face Value
- 2.00
- Equity Capital
- 123
- 9,710
- 4,866
- Trade Payables
- 1,138
- 42,175
- Total Liabilities
- 58,012
- 147
- Capital Work in Progress
- 0
- 2,378
- 0
- Cash & Bank
- 478
- 55,009
- Total Assets
- 58,012
- Total Debt
- 44,986
- Net Working Capital
- 45,789
- Contingent Liabilities
- 383
- Book Value per Share
- 160.02
- Face Value
- 2.00
- Total Debt
- 44,986
- Net Working Capital
- 45,789
- Contingent Liabilities
- 383
- Book Value per Share
- 160.02
- Face Value
- 2.00
- Equity Capital
- 123
- 11,109
- 4,381
- Trade Payables
- 1,148
- 57,364
- Total Liabilities
- 74,126
- 201
- Capital Work in Progress
- 0
- 3,327
- 0
- Cash & Bank
- 994
- 69,603
- Total Assets
- 74,126
- Total Debt
- 58,802
- Net Working Capital
- 60,415
- Contingent Liabilities
- 736
- Book Value per Share
- 182.68
- Face Value
- 2.00
- Total Debt
- 58,802
- Net Working Capital
- 60,415
- Contingent Liabilities
- 736
- Book Value per Share
- 182.68
- Face Value
- 2.00
- Equity Capital
- 123
- 11,792
- 452
- Trade Payables
- 723
- 68,124
- Total Liabilities
- 81,214
- 455
- Capital Work in Progress
- 0
- 5,340
- 0
- Cash & Bank
- 1,532
- 73,886
- Total Assets
- 81,214
- Total Debt
- 65,634
- Net Working Capital
- 72,081
- Contingent Liabilities
- 1,264
- Book Value per Share
- 193.63
- Face Value
- 2.00
- Total Debt
- 65,634
- Net Working Capital
- 72,081
- Contingent Liabilities
- 1,264
- Book Value per Share
- 193.63
- Face Value
- 2.00
- Equity Capital
- 246
- 15,480
- 1,476
- Trade Payables
- 779
- 66,675
- Total Liabilities
- 84,656
- 399
- Capital Work in Progress
- 10
- 12,126
- 0
- Cash & Bank
- 4,037
- 68,083
- Total Assets
- 84,656
- Total Debt
- 65,101
- Net Working Capital
- 64,884
- Contingent Liabilities
- 1,739
- Book Value per Share
- 127.65
- Face Value
- 2.00
- Total Debt
- 65,101
- Net Working Capital
- 64,884
- Contingent Liabilities
- 1,739
- Book Value per Share
- 127.65
- Face Value
- 2.00
- Equity Capital
- 247
- 16,607
- 939
- Trade Payables
- 1,164
- 63,901
- Total Liabilities
- 82,857
- 515
- Capital Work in Progress
- 0
- 8,654
- 0
- Cash & Bank
- 4,828
- 68,860
- Total Assets
- 82,857
- Total Debt
- 62,126
- Net Working Capital
- 66,836
- Contingent Liabilities
- 1,894
- Book Value per Share
- 136.69
- Face Value
- 2.00
- Total Debt
- 62,126
- Net Working Capital
- 66,836
- Contingent Liabilities
- 1,894
- Book Value per Share
- 136.69
- Face Value
- 2.00
- Equity Capital
- 247
- 18,273
- 5,038
- Trade Payables
- 1,286
- 79,495
- Total Liabilities
- 1,04,339
- 871
- Capital Work in Progress
- 0
- 10,063
- 0
- Cash & Bank
- 4,067
- 89,338
- Total Assets
- 1,04,339
- Total Debt
- 81,429
- Net Working Capital
- 78,544
- Contingent Liabilities
- 2,167
- Book Value per Share
- 150.13
- Face Value
- 2.00
- Total Debt
- 81,429
- Net Working Capital
- 78,544
- Contingent Liabilities
- 2,167
- Book Value per Share
- 150.13
- Face Value
- 2.00
- Equity Capital
- 247
- 18,872
- 32,778
- Trade Payables
- 1,679
- 69,337
- Total Liabilities
- 1,22,914
- 1,008
- Capital Work in Progress
- 0
- 9,598
- 173
- Cash & Bank
- 4,075
- 1,08,059
- Total Assets
- 1,22,914
- Total Debt
- 98,319
- Net Working Capital
- -30,192
- Contingent Liabilities
- 1,639
- Book Value per Share
- 154.89
- Face Value
- 2.00
- Total Debt
- 98,319
- Net Working Capital
- -30,192
- Contingent Liabilities
- 1,639
- Book Value per Share
- 154.89
- Face Value
- 2.00
- Equity Capital
- 247
- 21,256
- 41,976
- Trade Payables
- 1,441
- 78,357
- Total Liabilities
- 1,43,277
- 1,207
- Capital Work in Progress
- 1
- 10,590
- 247
- Cash & Bank
- 5,847
- 1,25,386
- Total Assets
- 1,43,277
- Total Debt
- 1,19,093
- Net Working Capital
- -32,166
- Contingent Liabilities
- 1,055
- Book Value per Share
- 174.13
- Face Value
- 2.00
- Total Debt
- 1,19,093
- Net Working Capital
- -32,166
- Contingent Liabilities
- 1,055
- Book Value per Share
- 174.13
- Face Value
- 2.00
- Equity Capital
- 278
- 26,328
- 55,624
- Trade Payables
- 1,142
- 74,446
- Total Liabilities
- 1,57,818
- 1,328
- Capital Work in Progress
- 2
- 7,407
- 326
- Cash & Bank
- 7,568
- 1,41,187
- Total Assets
- 1,57,818
- Total Debt
- 1,28,370
- Net Working Capital
- -47,030
- Contingent Liabilities
- 1,305
- Book Value per Share
- 191.47
- Face Value
- 2.00
- Total Debt
- 1,28,370
- Net Working Capital
- -47,030
- Contingent Liabilities
- 1,305
- Book Value per Share
- 191.47
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -6,467 | -8,510 | -12,078 | -3,115 | 5,826 | 18 | -17,395 | -18,449 | -15,602 | -12,772 | |
| Cash from Investing | -97 | 243 | -1,213 | -2,689 | -8,348 | 3,111 | -1,635 | 2,670 | -1,077 | 770 |
| Cash from Financing | 6,766 | 8,174 | 13,490 | 6,050 | 2,548 | -3,173 | 18,852 | 16,095 | 17,605 | 10,637 |
| 202 | -93 | 199 | 245 | 26 | -44 | -179 | 317 | 927 | -1,365 | |
| Free Cash Flow | -6,513 | -8,564 | -12,193 | -3,495 | 5,756 | -136 | -17,872 | -18,708 | -15,962 | -13,102 |
| OCF / Net Profit | -12.21 | -7.00 | -6.47 | -2.87 | 7.47 | 0.02 | -8.40 | -9.49 | -6.90 | -4.46 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -25,009 | -18,632 | -27,940 | -34,455 | -46,922 | -65,779 |
| OCF / Net Profit | -12.21 | -7.00 | -6.47 | -2.87 | 7.47 | 0.02 | -8.40 | -9.49 | -6.90 | -4.46 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -25,009 | -18,632 | -27,940 | -34,455 | -46,922 | -65,779 |
- -6,467
- Cash from Investing
- -97
- Cash from Financing
- 6,766
- 202
- Free Cash Flow
- -6,513
- OCF / Net Profit
- -12.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -12.21
- Cumulative 5-Year FCF
- 0
- -8,510
- Cash from Investing
- 243
- Cash from Financing
- 8,174
- -93
- Free Cash Flow
- -8,564
- OCF / Net Profit
- -7.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -7.00
- Cumulative 5-Year FCF
- 0
- -12,078
- Cash from Investing
- -1,213
- Cash from Financing
- 13,490
- 199
- Free Cash Flow
- -12,193
- OCF / Net Profit
- -6.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -6.47
- Cumulative 5-Year FCF
- 0
- -3,115
- Cash from Investing
- -2,689
- Cash from Financing
- 6,050
- 245
- Free Cash Flow
- -3,495
- OCF / Net Profit
- -2.87
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.87
- Cumulative 5-Year FCF
- 0
- 5,826
- Cash from Investing
- -8,348
- Cash from Financing
- 2,548
- 26
- Free Cash Flow
- 5,756
- OCF / Net Profit
- 7.47
- Cumulative 5-Year FCF
- -25,009
- OCF / Net Profit
- 7.47
- Cumulative 5-Year FCF
- -25,009
- 18
- Cash from Investing
- 3,111
- Cash from Financing
- -3,173
- -44
- Free Cash Flow
- -136
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- -18,632
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- -18,632
- -17,395
- Cash from Investing
- -1,635
- Cash from Financing
- 18,852
- -179
- Free Cash Flow
- -17,872
- OCF / Net Profit
- -8.40
- Cumulative 5-Year FCF
- -27,940
- OCF / Net Profit
- -8.40
- Cumulative 5-Year FCF
- -27,940
- -18,449
- Cash from Investing
- 2,670
- Cash from Financing
- 16,095
- 317
- Free Cash Flow
- -18,708
- OCF / Net Profit
- -9.49
- Cumulative 5-Year FCF
- -34,455
- OCF / Net Profit
- -9.49
- Cumulative 5-Year FCF
- -34,455
- -15,602
- Cash from Investing
- -1,077
- Cash from Financing
- 17,605
- 927
- Free Cash Flow
- -15,962
- OCF / Net Profit
- -6.90
- Cumulative 5-Year FCF
- -46,922
- OCF / Net Profit
- -6.90
- Cumulative 5-Year FCF
- -46,922
- -12,772
- Cash from Investing
- 770
- Cash from Financing
- 10,637
- -1,365
- Free Cash Flow
- -13,102
- OCF / Net Profit
- -4.46
- Cumulative 5-Year FCF
- -65,779
- OCF / Net Profit
- -4.46
- Cumulative 5-Year FCF
- -65,779
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 9.05 | 19.29 | 29.72 | 17.47 | 6.28 | 9.22 | 16.80 | 15.66 | 18.32 | 20.54 |
| Book Value (₹) | 122.74 | 160.02 | 182.68 | 193.63 | 127.65 | 136.69 | 150.13 | 154.89 | 174.13 | 191.47 |
| Dividend per Share (₹) | 2.40 | 4.00 | 6.50 | 0.00 | 0.80 | 3.60 | 6.00 | 6.30 | 6.50 | 7.50 |
| Cash EPS (₹) | 6.13 | 12.28 | 18.75 | 11.89 | 7.35 | 10.28 | 18.12 | 17.48 | 20.34 | 23.37 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 57.06% | 68.06% | 70.40% | 59.68% | 50.57% | 53.48% | 64.07% | 60.67% | 62.99% | 62.50% |
| Net Margin % | 7.41% | 15.43% | 18.00% | 9.14% | 6.44% | 10.16% | 16.31% | 12.30% | 12.25% | 13.62% |
| ROE % | 7.92% | 14.51% | 17.73% | 9.38% | 5.65% | 7.06% | 11.71% | 10.32% | 11.13% | 11.89% |
| ROCE % | 9.13% | 10.43% | 11.65% | 9.47% | 7.88% | 7.46% | 8.82% | 8.75% | 8.92% | 8.63% |
| 1.09% | 2.20% | 2.83% | 1.40% | 0.94% | 1.37% | 2.21% | 1.71% | 1.70% | 1.90% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 5 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 5.86x | 4.58x | 5.24x | 5.51x | 4.14x | 3.69x | 4.40x | 5.14x | 5.54x | 4.83x |
| Interest Coverage (x) | 1.26x | 1.55x | 1.64x | 1.30x | 1.18x | 1.35x | 1.55x | 1.37x | 1.36x | 1.43x |
| 1.15x | 6.40x | 8.01x | 17.51x | 12.03x | 13.49x | 9.04x | 0.19x | 0.28x | 0.20x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 9.04% | 10.32% | 31.56% | 14.59% | 1.90% | -6.55% | 12.21% | 24.39% | 16.88% | 13.77% |
| Operating Profit Growth % | -1.46% | 31.58% | 36.08% | -2.85% | -13.67% | -1.16% | 34.42% | 20.02% | 20.88% | 11.89% |
| Net Profit Growth % | -32.73% | 129.62% | 53.52% | -41.85% | -24.97% | 47.43% | 80.05% | -6.19% | 16.36% | 26.55% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -6.80% | 16.98% | 12.16% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.32x | 15.03x | 13.93x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.80x | 1.62x | 1.49x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.26% | 2.30% | 2.62% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.17x | 12.55x | 12.16x |
- EPS (₹)
- 9.05
- Book Value (₹)
- 122.74
- Dividend per Share (₹)
- 2.40
- Cash EPS (₹)
- 6.13
- Operating Margin %
- 57.06%
- Net Margin %
- 7.41%
- ROE %
- 7.92%
- ROCE %
- 9.13%
- 1.09%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 5.86x
- Interest Coverage (x)
- 1.26x
- 1.15x
- Revenue Growth %
- 9.04%
- Operating Profit Growth %
- -1.46%
- Net Profit Growth %
- -32.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 19.29
- Book Value (₹)
- 160.02
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 12.28
- Operating Margin %
- 68.06%
- Net Margin %
- 15.43%
- ROE %
- 14.51%
- ROCE %
- 10.43%
- 2.20%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 4.58x
- Interest Coverage (x)
- 1.55x
- 6.40x
- Revenue Growth %
- 10.32%
- Operating Profit Growth %
- 31.58%
- Net Profit Growth %
- 129.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 29.72
- Book Value (₹)
- 182.68
- Dividend per Share (₹)
- 6.50
- Cash EPS (₹)
- 18.75
- Operating Margin %
- 70.40%
- Net Margin %
- 18.00%
- ROE %
- 17.73%
- ROCE %
- 11.65%
- 2.83%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 5.24x
- Interest Coverage (x)
- 1.64x
- 8.01x
- Revenue Growth %
- 31.56%
- Operating Profit Growth %
- 36.08%
- Net Profit Growth %
- 53.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 17.47
- Book Value (₹)
- 193.63
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.89
- Operating Margin %
- 59.68%
- Net Margin %
- 9.14%
- ROE %
- 9.38%
- ROCE %
- 9.47%
- 1.40%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 5.51x
- Interest Coverage (x)
- 1.30x
- 17.51x
- Revenue Growth %
- 14.59%
- Operating Profit Growth %
- -2.85%
- Net Profit Growth %
- -41.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 6.28
- Book Value (₹)
- 127.65
- Dividend per Share (₹)
- 0.80
- Cash EPS (₹)
- 7.35
- Operating Margin %
- 50.57%
- Net Margin %
- 6.44%
- ROE %
- 5.65%
- ROCE %
- 7.88%
- 0.94%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 4.14x
- Interest Coverage (x)
- 1.18x
- 12.03x
- Revenue Growth %
- 1.90%
- Operating Profit Growth %
- -13.67%
- Net Profit Growth %
- -24.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.22
- Book Value (₹)
- 136.69
- Dividend per Share (₹)
- 3.60
- Cash EPS (₹)
- 10.28
- Operating Margin %
- 53.48%
- Net Margin %
- 10.16%
- ROE %
- 7.06%
- ROCE %
- 7.46%
- 1.37%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 3.69x
- Interest Coverage (x)
- 1.35x
- 13.49x
- Revenue Growth %
- -6.55%
- Operating Profit Growth %
- -1.16%
- Net Profit Growth %
- 47.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 16.80
- Book Value (₹)
- 150.13
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 18.12
- Operating Margin %
- 64.07%
- Net Margin %
- 16.31%
- ROE %
- 11.71%
- ROCE %
- 8.82%
- 2.21%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 4.40x
- Interest Coverage (x)
- 1.55x
- 9.04x
- Revenue Growth %
- 12.21%
- Operating Profit Growth %
- 34.42%
- Net Profit Growth %
- 80.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 15.66
- Book Value (₹)
- 154.89
- Dividend per Share (₹)
- 6.30
- Cash EPS (₹)
- 17.48
- Operating Margin %
- 60.67%
- Net Margin %
- 12.30%
- ROE %
- 10.32%
- ROCE %
- 8.75%
- 1.71%
- Debtor Days
- 3
- Inventory Days
- 0
- Payable Days
- 0
- 3
- Debt to Equity (x)
- 5.14x
- Interest Coverage (x)
- 1.37x
- 0.19x
- Revenue Growth %
- 24.39%
- Operating Profit Growth %
- 20.02%
- Net Profit Growth %
- -6.19%
- -6.80%
- P/E (x)
- 17.32x
- P/B (x)
- 1.80x
- Dividend Yield %
- 2.26%
- 13.17x
- EPS (₹)
- 18.32
- Book Value (₹)
- 174.13
- Dividend per Share (₹)
- 6.50
- Cash EPS (₹)
- 20.34
- Operating Margin %
- 62.99%
- Net Margin %
- 12.25%
- ROE %
- 11.13%
- ROCE %
- 8.92%
- 1.70%
- Debtor Days
- 4
- Inventory Days
- 0
- Payable Days
- 0
- 4
- Debt to Equity (x)
- 5.54x
- Interest Coverage (x)
- 1.36x
- 0.28x
- Revenue Growth %
- 16.88%
- Operating Profit Growth %
- 20.88%
- Net Profit Growth %
- 16.36%
- 16.98%
- P/E (x)
- 15.03x
- P/B (x)
- 1.62x
- Dividend Yield %
- 2.30%
- 12.55x
- EPS (₹)
- 20.54
- Book Value (₹)
- 191.47
- Dividend per Share (₹)
- 7.50
- Cash EPS (₹)
- 23.37
- Operating Margin %
- 62.50%
- Net Margin %
- 13.62%
- ROE %
- 11.89%
- ROCE %
- 8.63%
- 1.90%
- Debtor Days
- 5
- Inventory Days
- 0
- Payable Days
- 0
- 5
- Debt to Equity (x)
- 4.83x
- Interest Coverage (x)
- 1.43x
- 0.20x
- Revenue Growth %
- 13.77%
- Operating Profit Growth %
- 11.89%
- Net Profit Growth %
- 26.55%
- 12.16%
- P/E (x)
- 13.93x
- P/B (x)
- 1.49x
- Dividend Yield %
- 2.62%
- 12.16x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-12 - Mahindra & Mahindra Financial Services Limited has informed the Exchange about Schedule of Investor Conference
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Mahindra & Mahindra Financial Services Limited has informed the Exchange about Schedule of Investor Conference
Annual Reports
Credit Ratings
- Credit Rating
2026-08-07 - Mahindra & Mahindra Financial Services Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-07-21 - Mahindra & Mahindra Financial Services Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-07-10 - Mahindra & Mahindra Financial Services Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
Apr 2026
Feb 2026

