M

Mahindra & Mahindra Financial Services Limited

M&MFINNSE
Market snapshot · 2026-08-11 18:58 UTC

₹398.80

₹-13.50 (-3.27%)

MARKET CAP

₹55.42K Cr

STOCK P/E

17.0x

52W HIGH

₹415.00

52W LOW

₹253.05

BOOK VALUE

₹191.77

EPS

₹23.46

ROE

—

SECTOR

Financials

GROSS NPA

3.45%

VOLUME

15.87L

P/B RATIO

2.08x

NET NPA

1.48%

Sector

Financials

Themes

Consumer FinanceMahindra GroupAshish Dhawan PortfolioTop 20 Investors in India Portfolio
D
Dividend
E
Earnings
₹408.45₹368.43₹328.41₹288.38₹248.36VolumeEEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Valuation Metrics

Trading 47.6% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +3.05). Confidence: 87%.

Live forward EPS implies next-12-month EPS of ₹30.48. Applying the stock's normalized valuation corridor produces a fair range of ₹333.15 to ₹383.13, with base value near ₹351.13 (-12.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹30.48

Forward P/E

13.1x

Base Fair Value

₹351.13

Fair Range

₹333.15 - ₹383.13

Upside To Base

-12.0%

Estimate Source

Live forward EPS

Growth Estimate

+64.0%

P/B
Overvalued

5Y Average

1.89

Current

2.08

Overvalued

2.17

Undervalued

1.61

P/E
Strongly Overvalued

5Y Average

10.69

Current

17.00

Overvalued

12.57

Undervalued

10.93

P/S
Strongly Overvalued

5Y Average

3.31

Current

5.26

Overvalued

3.80

Undervalued

2.81

Peers & Comparison

Sector: Financials · Theme: Consumer Finance

Consumer Finance Peers8 peers
Avg P/E: 31.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
SUNDARAM FINANCE LTD
SUNDARMFINConsumer Finance
+26.8%46.1%
22.1x
Undervalued
-31% vs avg
+1.5%
SHRIRAM FINANCE LIMITED
SHRIRAMFINConsumer Finance
+42.8%50.0%
19.9x
Undervalued
-38% vs avg
+85.9%
MUTHOOT FINANCE LIMITED
MUTHOOTFINConsumer Finance
+35.3%55.5%
10.3x
Undervalued
-68% vs avg
+14.7%
POONAWALLA FINCORP LTD
POONAWALLAConsumer Finance
+100.3%22.7%
51.1x
Premium
+60% vs avg
+6.7%
JIO FIN SERVICES LTD
JIOFINConsumer Finance
+208.2%55.0%
78.3x
Premium
+145% vs avg
-22.3%
TATA CAPITAL LIMITED
TATACAPConsumer Finance
+40.3%39.7%
28.7x
Fair
-10% vs avg
+11.3%
INDIAN RENEWABLE ENERGY
IREDASpecialized Finance
+23.7%46.0%
16.9x
Undervalued
-47% vs avg
-16.4%
CHOLAMANDALAM IN & FIN CO
CHOLAFINConsumer Finance
+34.6%40.5%
28.3x
Fair
-11% vs avg
+32.3%
WHY THESE PEERS

M&M FIN. SERVICES LTD trades at a discount (17.0x vs peer avg 31.9x), suggesting potential undervaluation relative to the Consumer Finance cohort. Peers include SUNDARAM FINANCE LTD, SHRIRAM FINANCE LIMITED, MUTHOOT FINANCE LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹4.97K CrJun 2026

Latest net profit

₹899 CrJun 2026

Free cash flow

₹-11.54K CrMar 2026

Net Profit

₹899 CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-50.00K Cr0.00 Cr50.00K Cr1.00L Cr1.50L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +3,0853,2123,4543,6543,7223,9134,1434,2414,4194,4734,7544,8004,972
Interest1,4501,5661,6751,7351,8291,9342,0462,0902,1522,0662,1032,0712,208
Expenses +1,1471,3021,0231,0791,1811,4318161,3271,5171,5921,3871,4791,490
Financing Profit4873447558407125471,2818247508141,2641,2501,274
Financing Margin %16%11%22%23%19%14%31%19%17%18%27%26%26%
Other Income +412937523812141817-108102
Depreciation54565860646770737583869989
Profit before tax4743167348326864931,2137566937481,0701,1611,186
Tax %26%26%25%26%25%25%26%25%24%24%24%25%24%
Net Profit +353235553619513369899563530569810873899
EPS in Rs2.541.693.984.453.692.666.474.053.814.105.836.286.47
Gross NPA %4.35%4.29%3.97%3.40%3.56%3.83%3.93%3.69%3.85%3.94%3.80%3.41%3.45%
Net NPA %1.78%1.71%1.52%1.28%1.46%1.59%2.00%1.84%1.91%1.89%1.82%1.44%1.48%
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +52.49%52.49%52.49%52.49%52.49%
FIIs +9.33%9.59%9.11%9.40%9.53%
DIIs +32.33%32.29%32.34%32.09%31.48%
Public +5.79%5.58%6.02%5.98%6.46%
Others0.06%0.05%0.04%0.04%0.04%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 10, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Aug 05, 2026PDFCompany Reports Open

ESG Rating

Jul 29, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Jul 27, 2026PDFCompany Reports Open