Mahindra & Mahindra Financial Services Ltd.

381.6-0.22%

2026-08-21

mahindrafinance.comBSE: 532720NSE: M&MFIN
Market Cap₹ 54,146 Cr.
Current Price₹ 382
High / Low₹ 415 / 253
Stock P/E0.0
Book Value₹ 184
Price to Book1.61
Dividend Yield1.93 %
ROCE8.7 %
ROE12.5 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Financing Activities: 92.8% • Other reconciling items: 7.2%

PROS

  • Company has delivered good profit growth of 52.7% 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%
  • Latest quarter profit grew 69.7% YoY, showing strong momentum
  • Company has been maintaining a healthy dividend payout of 37.5%

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 (11.9%) trails the 5Y trend (52.7%)
  • Company's return on assets is weak at 2.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.BAJFINANCE1078.6033.07671531.430.566080.6027.6023165.4520.3710.8770.70
2.SHRIRAMFIN1104.9022.97259981.150.983452.7759.9013400.4317.4611.4974.63
3.JIOFIN242.7077.55160258.250.25830.25155.732004.47227.282.1169.71
4.CHOLAFIN1866.2527.72159390.070.111656.2245.568856.2921.899.7070.07
5.TATACAP365.1528.68155001.390.1616281.801464.1688219.301051.008.6675.72
6.BAJAJHLDNG11322.8514.23126015.971.722708.08-92.27394.3323.3414.81684.72
7.MUTHOOTFIN2859.2010.09114787.871.052824.8443.088671.6036.2515.8783.76
8.ABCAPITAL396.7526.46108592.290.001223.8543.8512179.54137.848.8241.91
9.LTF315.0024.8078940.440.87915.9930.705212.9222.388.5462.13
10.SBICARD626.300.0059601.370.40664.4419.515040.557.6011.7529.83
11.HDBFS681.1526.0056579.310.59785.2038.314937.9018.719.0957.98
12.M&MFIN389.5516.6554146.331.93927.4875.345717.9123.098.6364.82
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
3,060
1,147
Operating Profit
OPM %
Other Income
41
Interest
1,450
Depreciation
54
474
Tax %
25.53%
Net Profit
353
3
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
3,186
1,302
Operating Profit
OPM %
Other Income
29
Interest
1,566
Depreciation
56
316
Tax %
25.64%
Net Profit
235
2
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
3,417
1,023
Operating Profit
OPM %
Other Income
37
Interest
1,675
Depreciation
58
734
Tax %
24.70%
Net Profit
553
4
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
3,626
1,079
Operating Profit
OPM %
Other Income
52
Interest
1,735
Depreciation
60
832
Tax %
25.56%
Net Profit
619
5
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
3,688
1,181
Operating Profit
OPM %
Other Income
38
Interest
1,829
Depreciation
64
686
Tax %
25.27%
Net Profit
513
4
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
3,876
1,431
Operating Profit
OPM %
Other Income
12
Interest
1,934
Depreciation
67
493
Tax %
25.00%
Net Profit
369
3
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
4,105
816
Operating Profit
OPM %
Other Income
1
Interest
2,046
Depreciation
70
1,213
Tax %
25.82%
Net Profit
899
7
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
4,196
1,327
Operating Profit
OPM %
Other Income
4
Interest
2,090
Depreciation
73
756
Tax %
25.48%
Net Profit
563
4
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
247
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
4,381
1,517
Operating Profit
OPM %
Other Income
18
Interest
2,152
Depreciation
75
693
Tax %
23.63%
Net Profit
530
4
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
4,431
1,592
Operating Profit
OPM %
Other Income
17
Interest
2,066
Depreciation
83
748
Tax %
23.84%
Net Profit
569
4
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
4,708
1,387
Operating Profit
OPM %
Other Income
10
Interest
2,103
Depreciation
86
1,070
Tax %
24.29%
Net Profit
810
6
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
4,750
1,479
Operating Profit
OPM %
Other Income
10
Interest
2,071
Depreciation
99
1,161
Tax %
24.83%
Net Profit
873
6
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
4,972
3,788
Operating Profit
OPM %
Other Income
2
Interest
2,208
Depreciation
89
1,186
Tax %
24.24%
Net Profit
899
1
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
278
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
6,174
2,714
Operating Profit
3,524
OPM %
57
Other Income
64
Interest
2,857
Depreciation
46
620
Tax %
35
Net Profit
400
EPS
7
Dividend Payout %
34
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2018
6,633
2,420
Operating Profit
4,728
OPM %
71
Other Income
515
Interest
3,082
Depreciation
44
1,667
Tax %
35
Net Profit
1,076
EPS
18
Dividend Payout %
23
Minority Interest
0
Share of Associates
0
Adjusted EPS
10
Minority Interest
0
Share of Associates
0
Adjusted EPS
10
Mar 2019
8,723
3,552
Operating Profit
6,387
OPM %
73
Other Income
1,217
Interest
3,945
Depreciation
60
2,382
Tax %
35
Net Profit
1,557
EPS
25
Dividend Payout %
26
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Mar 2020
10,100
3,959
Operating Profit
6,291
OPM %
62
Other Income
150
Interest
4,829
Depreciation
118
1,344
Tax %
33
Net Profit
906
EPS
10
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Mar 2021
10,456
5,242
Operating Profit
5,275
OPM %
50
Other Income
62
Interest
4,733
Depreciation
126
422
Tax %
21
Net Profit
335
EPS
3
Dividend Payout %
29
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2022
9,658
4,461
Operating Profit
5,404
OPM %
56
Other Income
207
Interest
3,920
Depreciation
127
1,357
Tax %
27
Net Profit
989
EPS
8
Dividend Payout %
45
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Mar 2023
10,929
4,754
Operating Profit
7,517
OPM %
69
Other Income
1,342
Interest
4,577
Depreciation
187
2,698
Tax %
26
Net Profit
1,984
EPS
16
Dividend Payout %
37
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
Mar 2024
13,407
4,558
Operating Profit
9,011
OPM %
67
Other Income
162
Interest
6,427
Depreciation
229
2,355
Tax %
25
Net Profit
1,760
EPS
14
Dividend Payout %
44
Minority Interest
0
Share of Associates
0
Adjusted EPS
14
Minority Interest
0
Share of Associates
0
Adjusted EPS
14
Mar 2025
16,019
4,756
Operating Profit
11,319
OPM %
71
Other Income
56
Interest
7,898
Depreciation
273
3,147
Tax %
25
Net Profit
2,345
EPS
19
Dividend Payout %
34
Minority Interest
0
Share of Associates
0
Adjusted EPS
18
Minority Interest
0
Share of Associates
0
Adjusted EPS
18
Mar 2026
18,446
5,976
Operating Profit
12,525
OPM %
68
Other Income
55
Interest
8,392
Depreciation
343
3,673
Tax %
24
Net Profit
2,782
EPS
20
Dividend Payout %
37
Minority Interest
0
Share of Associates
0
Adjusted EPS
20
Minority Interest
0
Share of Associates
0
Adjusted EPS
20
TTM
18,862
8,246
Operating Profit
OPM %
Other Income
38
Interest
8,448
Depreciation
357
4,166
Tax %
24
Net Profit
3,151
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
12%
5 Years:
12%
3 Years:
19%

COMPOUNDED PROFIT GROWTH

10 Years:
15%
5 Years:
53%
3 Years:
12%

STOCK PRICE CAGR

10 Years:
7%
5 Years:
22%
3 Years:
12%
1 Year:
43%

RETURN ON EQUITY

10 Years:
10%
5 Years:
11%
3 Years:
12%
Last Year:
12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Jul 13

₹ 3.75

Rs.7.5000 per share(375%)Final Dividend

2025

Jul 15

₹ 3.25

Rs.6.5000 per share(325%)Final Dividend

2024

Jul 16

₹ 3.15

Rs.6.3000 per share(315%)Final Dividend

2023

Jul 21

₹ 3

Rs.6.0000 per share(300%)Dividend

2022

Jul 20

₹ 1.80

Rs.3.6000 per share(180%)Dividend

2021

Jul 16

₹ 0.40

Rs.0.8000 per share(40%)Dividend

2018

Jul 19

₹ 2

Rs.4.0000 per share(200%)Dividend

2017

Jul 14

₹ 1.20

Rs.2.4000 per share(120%)Dividend

2016

Jul 14

₹ 2

Rs.4.0000 per share(200%)Dividend

Mar 2017
Equity Capital
113
6,340
5,790
Trade Payables
578
32,285
Total Liabilities
45,105
112
Capital Work in Progress
0
1,873
0
Cash & Bank
578
42,542
Total Assets
45,105
Total Debt
34,538
Net Working Capital
4,354
Contingent Liabilities
368
Book Value per Share
114.20
Face Value
2.00
Total Debt
34,538
Net Working Capital
4,354
Contingent Liabilities
368
Book Value per Share
114.20
Face Value
2.00
Mar 2018
Equity Capital
123
9,478
4,467
Trade Payables
1,055
37,043
Total Liabilities
52,165
120
Capital Work in Progress
0
2,734
0
Cash & Bank
411
48,900
Total Assets
52,165
Total Debt
40,093
Net Working Capital
41,371
Contingent Liabilities
382
Book Value per Share
156.24
Face Value
2.00
Total Debt
40,093
Net Working Capital
41,371
Contingent Liabilities
382
Book Value per Share
156.24
Face Value
2.00
Mar 2019
Equity Capital
123
10,751
3,725
Trade Payables
1,014
51,094
Total Liabilities
66,706
163
Capital Work in Progress
0
3,792
0
Cash & Bank
958
61,793
Total Assets
66,706
Total Debt
52,847
Net Working Capital
55,687
Contingent Liabilities
734
Book Value per Share
176.85
Face Value
2.00
Total Debt
52,847
Net Working Capital
55,687
Contingent Liabilities
734
Book Value per Share
176.85
Face Value
2.00
Mar 2020
Equity Capital
123
11,192
140
Trade Payables
636
61,491
Total Liabilities
73,582
364
Capital Work in Progress
0
5,911
0
Cash & Bank
1,426
65,881
Total Assets
73,582
Total Debt
59,462
Net Working Capital
65,070
Contingent Liabilities
1,262
Book Value per Share
183.88
Face Value
2.00
Total Debt
59,462
Net Working Capital
65,070
Contingent Liabilities
1,262
Book Value per Share
183.88
Face Value
2.00
Mar 2021
Equity Capital
246
14,422
1,182
Trade Payables
643
59,680
Total Liabilities
76,174
330
Capital Work in Progress
10
11,705
0
Cash & Bank
3,322
60,806
Total Assets
76,174
Total Debt
58,577
Net Working Capital
62,507
Contingent Liabilities
1,737
Book Value per Share
119.06
Face Value
2.00
Total Debt
58,577
Net Working Capital
62,507
Contingent Liabilities
1,737
Book Value per Share
119.06
Face Value
2.00
Mar 2022
Equity Capital
247
15,350
845
Trade Payables
1,005
57,005
Total Liabilities
74,452
393
Capital Work in Progress
0
8,440
0
Cash & Bank
4,151
61,468
Total Assets
74,452
Total Debt
55,814
Net Working Capital
61,117
Contingent Liabilities
1,891
Book Value per Share
126.49
Face Value
2.00
Total Debt
55,814
Net Working Capital
61,117
Contingent Liabilities
1,891
Book Value per Share
126.49
Face Value
2.00
Mar 2023
Equity Capital
247
16,819
5,044
Trade Payables
1,166
72,304
Total Liabilities
95,579
696
Capital Work in Progress
0
9,989
0
Cash & Bank
2,832
82,063
Total Assets
95,579
Total Debt
74,946
Net Working Capital
73,581
Contingent Liabilities
2,163
Book Value per Share
138.34
Face Value
2.00
Total Debt
74,946
Net Working Capital
73,581
Contingent Liabilities
2,163
Book Value per Share
138.34
Face Value
2.00
Mar 2024
Equity Capital
247
17,898
32,423
Trade Payables
1,459
62,440
Total Liabilities
1,14,468
826
Capital Work in Progress
0
9,651
25
Cash & Bank
2,689
1,01,278
Total Assets
1,14,468
Total Debt
93,979
Net Working Capital
-28,856
Contingent Liabilities
1,635
Book Value per Share
147.00
Face Value
2.00
Total Debt
93,979
Net Working Capital
-28,856
Contingent Liabilities
1,635
Book Value per Share
147.00
Face Value
2.00
Mar 2025
Equity Capital
247
19,556
39,391
Trade Payables
1,209
74,505
Total Liabilities
1,34,907
1,049
Capital Work in Progress
1
10,400
53
Cash & Bank
5,536
1,17,868
Total Assets
1,34,907
Total Debt
1,12,873
Net Working Capital
-30,251
Contingent Liabilities
1,051
Book Value per Share
160.36
Face Value
2.00
Total Debt
1,12,873
Net Working Capital
-30,251
Contingent Liabilities
1,051
Book Value per Share
160.36
Face Value
2.00
Mar 2026
Equity Capital
278
24,463
52,975
Trade Payables
856
68,680
Total Liabilities
1,47,251
1,188
Capital Work in Progress
2
6,820
86
Cash & Bank
7,340
1,31,815
Total Assets
1,47,251
Total Debt
1,20,335
Net Working Capital
-45,545
Contingent Liabilities
1,301
Book Value per Share
178.05
Face Value
2.00
Total Debt
1,20,335
Net Working Capital
-45,545
Contingent Liabilities
1,301
Book Value per Share
178.05
Face Value
2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
-4,907
Cash from Investing
-256
Cash from Financing
5,360
197
Free Cash Flow
-4,940
OCF / Net Profit
-12.26
Cumulative 5-Year FCF
0
OCF / Net Profit
-12.26
Cumulative 5-Year FCF
0
Mar 2018
-7,106
Cash from Investing
211
Cash from Financing
6,755
-140
Free Cash Flow
-7,145
OCF / Net Profit
-6.60
Cumulative 5-Year FCF
0
OCF / Net Profit
-6.60
Cumulative 5-Year FCF
0
Mar 2019
-10,918
Cash from Investing
-1,317
Cash from Financing
12,465
230
Free Cash Flow
-11,008
OCF / Net Profit
-7.01
Cumulative 5-Year FCF
0
OCF / Net Profit
-7.01
Cumulative 5-Year FCF
0
Mar 2020
-3,151
Cash from Investing
-2,573
Cash from Financing
5,899
175
Free Cash Flow
-3,451
OCF / Net Profit
-3.48
Cumulative 5-Year FCF
0
OCF / Net Profit
-3.48
Cumulative 5-Year FCF
0
Mar 2021
4,886
Cash from Investing
-7,252
Cash from Financing
2,260
-106
Free Cash Flow
4,807
OCF / Net Profit
14.58
Cumulative 5-Year FCF
-21,737
OCF / Net Profit
14.58
Cumulative 5-Year FCF
-21,737
Mar 2022
-0
Cash from Investing
2,613
Cash from Financing
-2,855
-243
Free Cash Flow
-85
OCF / Net Profit
-0.00
Cumulative 5-Year FCF
-16,883
OCF / Net Profit
-0.00
Cumulative 5-Year FCF
-16,883
Mar 2023
-17,485
Cash from Investing
-1,321
Cash from Financing
18,728
-78
Free Cash Flow
-17,881
OCF / Net Profit
-8.81
Cumulative 5-Year FCF
-27,619
OCF / Net Profit
-8.81
Cumulative 5-Year FCF
-27,619
Mar 2024
-18,401
Cash from Investing
1,959
Cash from Financing
16,503
61
Free Cash Flow
-18,633
OCF / Net Profit
-10.46
Cumulative 5-Year FCF
-35,244
OCF / Net Profit
-10.46
Cumulative 5-Year FCF
-35,244
Mar 2025
-15,281
Cash from Investing
-1,011
Cash from Financing
17,648
1,355
Free Cash Flow
-15,635
OCF / Net Profit
-6.52
Cumulative 5-Year FCF
-47,428
OCF / Net Profit
-6.52
Cumulative 5-Year FCF
-47,428
Mar 2026
-11,206
Cash from Investing
1,109
Cash from Financing
8,821
-1,275
Free Cash Flow
-11,531
OCF / Net Profit
-4.03
Cumulative 5-Year FCF
-63,766
OCF / Net Profit
-4.03
Cumulative 5-Year FCF
-63,766

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
EPS (₹)
7.08
Book Value (₹)
114.20
Dividend per Share (₹)
2.40
Cash EPS (₹)
4.69
Operating Margin %
57.07%
Net Margin %
6.48%
ROE %
6.40%
ROCE %
9.08%
0.95%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
5.35x
Interest Coverage (x)
1.22x
1.26x
Revenue Growth %
5.48%
Operating Profit Growth %
-5.24%
Net Profit Growth %
-40.49%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
17.51
Book Value (₹)
156.24
Dividend per Share (₹)
4.00
Cash EPS (₹)
10.82
Operating Margin %
71.27%
Net Margin %
16.22%
ROE %
13.41%
ROCE %
10.47%
2.21%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
4.18x
Interest Coverage (x)
1.54x
6.57x
Revenue Growth %
7.44%
Operating Profit Growth %
34.17%
Net Profit Growth %
168.86%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
25.32
Book Value (₹)
176.85
Dividend per Share (₹)
6.50
Cash EPS (₹)
15.61
Operating Margin %
73.22%
Net Margin %
17.85%
ROE %
15.21%
ROCE %
11.15%
2.62%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
4.86x
Interest Coverage (x)
1.60x
9.09x
Revenue Growth %
31.50%
Operating Profit Growth %
35.10%
Net Profit Growth %
44.70%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
14.73
Book Value (₹)
183.88
Dividend per Share (₹)
0.00
Cash EPS (₹)
9.88
Operating Margin %
62.29%
Net Margin %
8.97%
ROE %
8.17%
ROCE %
9.17%
1.29%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
5.26x
Interest Coverage (x)
1.28x
21.11x
Revenue Growth %
15.78%
Operating Profit Growth %
-1.51%
Net Profit Growth %
-41.79%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
2.72
Book Value (₹)
119.06
Dividend per Share (₹)
0.80
Cash EPS (₹)
3.64
Operating Margin %
50.45%
Net Margin %
3.21%
ROE %
2.58%
ROCE %
7.15%
0.45%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
3.99x
Interest Coverage (x)
1.09x
14.18x
Revenue Growth %
3.53%
Operating Profit Growth %
-16.14%
Net Profit Growth %
-63.02%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
8.02
Book Value (₹)
126.49
Dividend per Share (₹)
3.60
Cash EPS (₹)
8.80
Operating Margin %
55.95%
Net Margin %
10.24%
ROE %
6.53%
ROCE %
7.29%
1.31%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
3.58x
Interest Coverage (x)
1.35x
14.62x
Revenue Growth %
-7.63%
Operating Profit Growth %
2.44%
Net Profit Growth %
195.02%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
16.09
Book Value (₹)
138.34
Dividend per Share (₹)
6.00
Cash EPS (₹)
17.13
Operating Margin %
68.78%
Net Margin %
18.16%
ROE %
12.15%
ROCE %
8.90%
2.33%
Debtor Days
1
Inventory Days
0
Payable Days
0
1
Debt to Equity (x)
4.39x
Interest Coverage (x)
1.59x
9.15x
Revenue Growth %
13.16%
Operating Profit Growth %
39.09%
Net Profit Growth %
100.69%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
14.25
Book Value (₹)
147.00
Dividend per Share (₹)
6.30
Cash EPS (₹)
15.67
Operating Margin %
66.00%
Net Margin %
13.12%
ROE %
9.99%
ROCE %
8.60%
1.68%
Debtor Days
1
Inventory Days
0
Payable Days
0
1
Debt to Equity (x)
5.18x
Interest Coverage (x)
1.37x
0.17x
Revenue Growth %
22.68%
Operating Profit Growth %
19.88%
Net Profit Growth %
-11.32%
-11.38%
P/E (x)
19.03x
P/B (x)
1.90x
Dividend Yield %
2.26%
13.95x
Mar 2025
EPS (₹)
18.99
Book Value (₹)
160.36
Dividend per Share (₹)
6.50
Cash EPS (₹)
20.63
Operating Margin %
70.31%
Net Margin %
14.64%
ROE %
12.36%
ROCE %
9.02%
1.88%
Debtor Days
1
Inventory Days
0
Payable Days
0
1
Debt to Equity (x)
5.70x
Interest Coverage (x)
1.40x
0.27x
Revenue Growth %
19.48%
Operating Profit Growth %
25.61%
Net Profit Growth %
33.27%
33.22%
P/E (x)
14.50x
P/B (x)
1.76x
Dividend Yield %
2.30%
12.57x
Mar 2026
EPS (₹)
20.02
Book Value (₹)
178.05
Dividend per Share (₹)
7.50
Cash EPS (₹)
22.49
Operating Margin %
67.60%
Net Margin %
15.08%
ROE %
12.49%
ROCE %
8.69%
1.97%
Debtor Days
1
Inventory Days
0
Payable Days
0
1
Debt to Equity (x)
4.86x
Interest Coverage (x)
1.44x
0.18x
Revenue Growth %
15.15%
Operating Profit Growth %
10.65%
Net Profit Growth %
18.64%
5.44%
P/E (x)
14.29x
P/B (x)
1.61x
Dividend Yield %
2.62%
12.20x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
52.16
10.07
30.66
Government
0.00
7.09
Sep 2024
52.16
10.19
31.58
Government
0.00
6.08
Dec 2024
52.16
10.47
31.17
Government
0.00
6.20
Mar 2025
52.16
10.68
31.31
Government
0.00
5.85
Jun 2025
52.49
9.33
32.33
Government
0.00
5.84
Sep 2025
52.49
9.59
32.29
Government
0.00
5.63
Dec 2025
52.49
9.11
32.34
Government
0.00
6.06
Mar 2026
52.49
9.40
32.09
Government
0.00
6.02
Jun 2026
52.49
9.53
31.48
Government
0.00
6.49

Documents

Announcements

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