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On 6 Nov 2026, Mahindra & Mahindra Financial Services was priced at ₹279.85, or 10.8× trailing earnings, and the shares are 33% below their 52-week high. Net profit grew 11% a year over 3 years; its ROE of 14% is the second-lowest among the 7 largest Credit Services peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 1.42× book value and its dividend yield is 2.7%. It is a mid-cap company with a market cap of ₹38,889 Cr, ranked 15th of 193 Credit Services companies by market cap; the shares fell 11% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹283.00
Day high
₹283.00
Day low
₹276.05
Prev. close
₹285.00
Volume
44.3 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsIn line

    −10.5% over a year, better than 3 of 7 peers.

  • Price tagCheaper

    P/B 1.42 vs peer median 2.62.

  • GrowthSlow

    Profit +11.3% a year over 3 years.

  • ProfitabilityAverage

    ROE 13.8% vs peer median 18.7%.

  • Balance sheetSolid

    Return on assets 2.19%. Bad-loan data isn’t covered.

  • Red flags1 to check

    33% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Credit Services

192 listed peers. Screen the industry

Mid cap

₹38,889 Cr, #15 of 193 in its industry by size.

Defensive

Beta 0.45 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹11,258 Cr · profit ₹3,598 Cr
Market cap
₹38,889 Cr
Mid cap
P/E
10.8
Industry 15.5
Price to book
1.42
Peers 2.62
Dividend yield
2.68%
ROE
13.8%
Peers 18.7%
ROCE
n/m
Not meaningful for lenders
Debt to equity
n/m
Not meaningful for lenders
EPS (TTM)
₹25.88
Face value ₹2
OPM (TTM)
42.8%
Net margin 32.0%
Sales growth
n/m
Not meaningful for lenders
Profit growth
+61.1%
Latest quarter vs a year ago
Price to sales
3.45

Strengths and risks

Strengths

  • Dividend yield of 2.68%.
  • Quarterly profit up 61.1% on a year ago.

Risks to check

  • 33% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Mahindra & Mahindra Financial Services

Mahindra & Mahindra Financial Services Limited, a non-banking financial company, engages in vehicle financing business in India. The company operates through Financing Activities and Other Reconciling Items segments. It offers financing for new and pre-owned auto, utility vehicles, tractors, passenger cars, and commercial vehicles; and vehicle leasing solutions through its digital platform Quiklyz to fleet operators, farmers, businesses, self-employed,…

Headquarters
Mumbai
Employees
22,637
Sector
Financial Services
ISIN
INE774D01024
Website
mahindrafinance.com

Price range

52 weeks

₹253.40₹415.00

Today

₹276.05₹283.00
Avg volume (3M)
25 L
1-year return
minus 10.5%
From 52-week high
minus 32.6%

Analyst consensus

36 analysts
BuyMean target ₹363.25 plus 29.8%

Target range, with today’s price

Low ₹283.00High ₹425.00

Today’s price ₹279.85 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Credit Services

Bank and NBFC columns

Compare with peersScreen the whole industry
Company
BAJFINANCEBajaj Finance1,087.75plus 1.66%6,77,00531.35.4919.0%3.8%18.2%0.50%plus 1.2%
SHRIRAMFINShriram Finance961.15minus 0.30%2,26,16716.02.0314.8%3.9%18.6%1.80%plus 21.0%
CHOLAFINCholamandalam Investment and Finance Company1,785.00plus 1.42%1,53,10324.54.4120.6%2.6%25.2%0.11%plus 0.8%
TATACAPTata Capital358.05plus 2.93%1,50,97925.43.1014.1%2.2%–0.16%plus 5.6%
MUTHOOTFINMuthoot Finance2,869.00plus 1.06%1,15,1819.42.6231.6%6.3%43.1%1.05%minus 11.0%
PFCPower Finance Corporation328.80minus 0.18%1,08,5074.10.7418.7%2.7%17.7%4.99%minus 16.9%
IRFCIndian Railway Finance Corporation80.43plus 0.37%1,05,11014.31.7312.6%1.4%4.4%2.74%minus 34.4%
M&MFINMahindra & Mahindra Financial Services279.85minus 1.81%38,88910.81.4213.8%2.2%11.3%2.68%minus 10.5%
Median of 7 peers–1.06%1,50,97916.02.6218.7%2.7%18.4%1.05%0.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
2,4562,8382,9632,9693,028
2,2802,2362,2202,3722,523
85.996.211099.1109
–−133–––
7041,1051,2591,2421,223
24.8%25.3%25.3%25.3%25.6%
528824938926909
4.065.936.756.666.54

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Profit CAGR 3Y
+11.3%
EPS CAGR 3Y
+8.5%
ROE
13.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,3948,1379,06510,756
–+10.1%+11.4%+18.6%
5,1056,9508,5238,934
226275321386
3.374.3−133
2,8042,5883,0273,826
26.1%24.9%25.3%25.2%
2,0721,9332,2622,855
–minus 6.7%+17.0%+26.2%
16.3415.2317.7720.86

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
247247247278
18,31319,68621,28226,361
76,45193,1771,08,2231,14,728
10,07310,60514,35317,277
1,05,0851,23,7161,44,1051,58,644
1,0801,0681,1101,141
22485.482.465.7
10,1289,64910,6607,987
5,4043,9324,8905,626
88,2491,08,9811,27,3641,43,824
1,05,0851,23,7161,44,1051,58,644

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−17,395−18,449−15,602−12,772
−1,6352,670−1,077770
18,85216,09517,60510,637
−179317927−1,365
−413−323−442−416
−17,809−18,772−16,044−13,188
−444−740−778−903

Shareholding pattern

Source: NSE filings
52.5%
promoters
  • Promoters52.48%
  • Public47.48%
  • Employee trusts0.04%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202652.48%47.48%minus 0.01
30 Jun 202652.49%47.48%0.00
31 Mar 202652.49%47.48%0.00
31 Dec 202552.49%47.48%0.00
30 Sep 202552.49%47.47%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you