Mahindra & Mahindra Financial Services Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 9:32 pm

Market Cap	33,194 Cr.
Current Price	269
High / Low	343/246
Stock P/E	13.4
Book Value	162
Dividend Yield	2.35 %
ROCE	8.74 %
ROE	10.0 %
Face Value	2.00
PEG Ratio	0.51

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Mahindra & Mahindra Financial Services Ltd

Competitors of Mahindra & Mahindra Financial Services Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MKVentures Capital Ltd	567 Cr.	1,474	2,800/1,212	27.5	267	0.07 %	20.6 %	33.6 %	10.0
Modern Shares & Stockbrokers Ltd	14.6 Cr.	49.8	69.4/36.0	41.7	43.9	0.00 %	4.33 %	3.24 %	10.0
Monarch Networth Capital Ltd	2,644 Cr.	337	501/226	17.0	93.0	0.15 %	51.8 %	43.4 %	10.0
Monotype India Ltd	51.3 Cr.	0.73	2.42/0.60	6.42	0.13	0.00 %	438 %	%	1.00
Multipurpose Trading & Agencies Ltd	5.10 Cr.	10.3	13.3/7.93	26.8	10.2	0.00 %	4.44 %	3.91 %	10.0
Industry Average	6,854.22 Cr	1,387.69		86.07	5,208.09	0.37%	18.65%	17.36%	7.36

All Competitor Stocks of Mahindra & Mahindra Financial Services Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Revenue	2,974	2,865	2,902	3,011	3,324	3,463	3,583	3,833	4,100	4,280	4,316	4,465	4,797
Interest	1,071	1,053	1,052	1,192	1,373	1,477	1,597	1,703	1,798	1,861	1,960	2,062	2,175
Expenses	556	932	1,512	1,071	1,041	1,072	1,504	1,724	1,456	1,520	1,676	1,830	1,325
Financing Profit	1,348	880	338	748	910	913	482	406	846	900	679	573	1,297
Financing Margin %	45%	31%	12%	25%	27%	26%	13%	11%	21%	21%	16%	13%	27%
Other Income	22	38	24	-26	36	86	67	44	50	68	58	28	19
Depreciation	35	50	43	55	63	65	66	67	69	72	76	79	82
Profit before tax	1,334	868	318	668	884	934	483	383	826	896	661	523	1,233
Tax %	26%	28%	25%	26%	25%	28%	25%	25%	25%	25%	25%	25%	26%
Net Profit	992	629	240	492	664	675	362	287	623	671	497	390	918
EPS in Rs	7.99	5.05	1.94	3.97	5.35	5.51	2.90	2.27	5.04	5.43	4.03	3.15	7.43
Gross NPA %
Net NPA %

Last Updated: February 28, 2025, 6:36 pm

Below is a detailed analysis of the quarterly data for Mahindra & Mahindra Financial Services Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Interest, as of Dec 2024, the value is ₹2,175.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,062.00 Cr. (Sep 2024) to ₹2,175.00 Cr., marking an increase of 113.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,325.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,830.00 Cr. (Sep 2024) to ₹1,325.00 Cr., marking a decrease of 505.00 Cr..
For Other Income, as of Dec 2024, the value is ₹19.00 Cr.. The value appears to be declining and may need further review. It has decreased from 28.00 Cr. (Sep 2024) to ₹19.00 Cr., marking a decrease of 9.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹82.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 79.00 Cr. (Sep 2024) to ₹82.00 Cr., marking an increase of 3.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹1,233.00 Cr.. The value appears strong and on an upward trend. It has increased from 523.00 Cr. (Sep 2024) to ₹1,233.00 Cr., marking an increase of 710.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2024) to 26.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is ₹918.00 Cr.. The value appears strong and on an upward trend. It has increased from 390.00 Cr. (Sep 2024) to ₹918.00 Cr., marking an increase of 528.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 7.43. The value appears strong and on an upward trend. It has increased from 3.15 (Sep 2024) to 7.43, marking an increase of 4.28.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:35 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Revenue	4,175	5,294	6,051	6,586	7,189	7,910	10,429	11,995	12,382	11,419	12,828	15,963	17,858
Interest	1,671	2,281	2,643	2,868	3,186	3,436	4,432	5,391	5,308	4,417	5,094	6,959	8,059
Expenses	1,163	1,532	1,972	2,459	3,123	2,547	3,129	4,903	6,046	5,347	4,696	6,204	6,351
Financing Profit	1,342	1,481	1,435	1,258	880	1,927	2,868	1,702	1,028	1,655	3,038	2,799	3,448
Financing Margin %	32%	28%	24%	19%	12%	24%	28%	14%	8%	14%	24%	18%	19%
Other Income	35	7	10	12	12	33	49	47	57	47	-8	64	174
Depreciation	24	26	46	46	54	55	76	147	151	152	226	275	309
Profit before tax	1,353	1,462	1,400	1,224	838	1,905	2,841	1,602	934	1,549	2,804	2,588	3,313
Tax %	31%	34%	34%	36%	37%	36%	34%	32%	16%	26%	26%	25%
Net Profit	929	965	925	787	530	1,216	1,867	1,086	780	1,150	2,071	1,943	2,475
EPS in Rs	8.15	8.39	8.03	6.79	4.50	9.59	14.79	8.70	6.26	9.20	16.77	15.64	20.04
Dividend Payout %	22%	22%	25%	29%	27%	21%	22%	0%	13%	39%	36%	40%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	3.88%	-4.15%	-14.92%	-32.66%	129.43%	53.54%	-41.83%	-28.18%	47.44%	80.09%	-6.18%
Change in YoY Net Profit Growth (%)	0.00%	-8.02%	-10.77%	-17.74%	162.09%	-75.90%	-95.37%	13.66%	75.61%	32.65%	-86.27%

Mahindra & Mahindra Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	9%
3 Years:	9%
TTM:	19%

Compounded Profit Growth
10 Years:	7%
5 Years:	1%
3 Years:	42%
TTM:	28%

Stock Price CAGR
10 Years:	5%
5 Years:	25%
3 Years:	16%
1 Year:	-10%

Return on Equity
10 Years:	10%
5 Years:	9%
3 Years:	10%
Last Year:	10%

Last Updated: Unknown

Balance Sheet

Last Updated: March 14, 2025, 3:18 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	113	113	113	113	113	123	123	123	246	247	247	247	247
Reserves	4,467	5,181	5,830	6,356	6,847	9,732	11,146	11,846	15,530	16,650	18,313	19,686	19,824
Deposits	0	0	0	0	0	0	0	0	0	0	0	0	0
Borrowings	20,152	25,893	29,232	34,044	40,644	44,986	58,802	65,634	65,101	62,126	81,429	98,319	108,918
Other Liabilities	2,339	2,871	3,459	4,494	5,619	3,889	4,505	4,189	4,724	4,787	5,096	5,463	4,672
Total Liabilities	27,071	34,057	38,633	45,007	53,223	58,730	74,576	81,793	85,601	83,809	105,085	123,716	133,661
Fixed Assets	112	128	119	129	133	147	201	455	399	515	871	1,008	1,158
CWIP	1	0	0	0	1	0	1	1	12	2	3	105	0
Investments	458	722	654	1,199	1,374	2,378	3,327	5,340	12,126	8,654	10,063	9,598	9,183
Other Assets	26,500	33,207	37,860	43,679	51,714	56,205	71,046	75,996	73,064	74,637	94,148	113,004	123,320
Total Assets	27,071	34,057	38,633	45,007	53,223	58,730	74,576	81,793	85,601	83,809	105,085	123,716	133,661

Below is a detailed analysis of the balance sheet data for Mahindra & Mahindra Financial Services Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹247.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 247.00 Cr..
For Reserves, as of Sep 2024, the value is ₹19,824.00 Cr.. The value appears strong and on an upward trend. It has increased from 19,686.00 Cr. (Mar 2024) to ₹19,824.00 Cr., marking an increase of 138.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹108,918.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 98,319.00 Cr. (Mar 2024) to ₹108,918.00 Cr., marking an increase of 10,599.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,672.00 Cr.. The value appears to be improving (decreasing). It has decreased from 5,463.00 Cr. (Mar 2024) to ₹4,672.00 Cr., marking a decrease of 791.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹133,661.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 123,716.00 Cr. (Mar 2024) to ₹133,661.00 Cr., marking an increase of 9,945.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,158.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,008.00 Cr. (Mar 2024) to ₹1,158.00 Cr., marking an increase of 150.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 105.00 Cr. (Mar 2024) to ₹0.00 Cr., marking a decrease of 105.00 Cr..
For Investments, as of Sep 2024, the value is ₹9,183.00 Cr.. The value appears to be declining and may need further review. It has decreased from 9,598.00 Cr. (Mar 2024) to ₹9,183.00 Cr., marking a decrease of 415.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹123,320.00 Cr.. The value appears strong and on an upward trend. It has increased from 113,004.00 Cr. (Mar 2024) to ₹123,320.00 Cr., marking an increase of 10,316.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹133,661.00 Cr.. The value appears strong and on an upward trend. It has increased from 123,716.00 Cr. (Mar 2024) to ₹133,661.00 Cr., marking an increase of 9,945.00 Cr..

However, the Borrowings (108,918.00 Cr.) are higher than the Reserves (₹19,824.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-7,442	-6,448	-3,970	-4,957	-6,467	-8,510	-12,078	-3,115	5,826	18	-17,395	-18,449
Cash from Investing Activity +	-181	-470	34	-440	-97	243	-1,213	-2,689	-8,348	3,112	-1,635	2,671
Cash from Financing Activity +	7,696	6,898	3,907	5,431	6,766	8,174	13,490	6,050	2,548	-3,173	18,852	16,095
Net Cash Flow	74	-20	-29	34	202	-93	199	245	26	-43	-179	317

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	1.00	1.00	1.00	2.00	3.00	2.00	3.00	4.00	6.00	5.00	4.00	6.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
ROE %	24%	19%	16%	12%	8%	14%	17%	9%	5%	7%	12%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	52.16%	52.16%	52.16%	52.16%	52.16%	52.16%	52.16%	52.16%	52.16%	52.16%	52.16%	52.16%
FIIs	18.99%	19.24%	17.90%	17.55%	16.93%	16.09%	14.85%	13.92%	14.10%	12.72%	11.95%	10.08%
DIIs	15.80%	15.38%	16.16%	17.95%	22.12%	23.76%	25.18%	26.95%	25.84%	26.96%	28.61%	30.66%
Public	12.78%	12.99%	13.58%	12.13%	8.60%	7.83%	7.68%	6.84%	7.79%	8.06%	7.18%	7.00%
Others	0.27%	0.24%	0.21%	0.21%	0.20%	0.18%	0.16%	0.15%	0.14%	0.10%	0.09%	0.09%
No. of Shareholders	2,37,701	2,49,889	2,50,678	2,17,677	2,14,897	1,93,555	1,86,265	1,85,705	2,19,510	2,39,372	2,27,512	2,24,273

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan	32,429,749	1.59	937.87	5,772,312	2025-04-03	461.82%
Kotak Emerging Equity Fund - Regular Plan	14,686,466	1.09	424.73	5,772,312	2025-04-03	154.43%
SBI Long Term Equity Fund	11,249,195	1.62	325.33	5,772,312	2025-04-03	94.88%
Nippon India Growth Fund	11,000,000	1.31	318.12	5,772,312	2025-04-03	90.56%
ICICI Prudential Multi Asset Fund	8,320,017	0.73	240.61	5,772,312	2025-04-03	44.14%
SBI Contra Fund	6,828,150	0.84	197.47	5,772,312	2025-04-03	18.29%
ICICI Prudential Large & Mid Cap Fund	6,100,000	1.63	176.41	5,772,312	2025-04-03	5.68%
Axis Midcap Fund	5,772,312	0.68	166.94	5,772,312	2025-04-03	0%
Franklin India Prima Fund	5,375,000	1.54	155.45	5,772,312	2025-04-03	-6.88%
HDFC Large and Mid Cap Fund - Regular Plan	4,938,270	0.89	142.81	5,772,312	2025-04-03	-14.45%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	15.66	16.81	9.23	6.99	17.48
Diluted EPS (Rs.)	15.65	16.79	9.21	6.98	17.44
Cash EPS (Rs.)	17.51	18.27	10.20	7.23	19.29
Book Value[Excl.RevalReserv]/Share (Rs.)	161.82	151.60	138.18	128.86	195.97
Book Value[Incl.RevalReserv]/Share (Rs.)	161.82	151.60	138.18	128.86	195.97
Revenue From Operations / Share (Rs.)	127.97	102.95	91.79	98.30	193.11
PBDIT / Share (Rs.)	79.12	65.96	49.09	49.71	115.28
PBIT / Share (Rs.)	76.89	64.13	47.86	48.49	112.89
PBT / Share (Rs.)	20.51	22.38	12.20	7.26	25.29
Net Profit / Share (Rs.)	15.29	16.44	8.96	6.01	16.90
NP After MI And SOA / Share (Rs.)	15.66	16.80	9.22	6.28	17.47
PBDIT Margin (%)	61.82	64.07	53.48	50.56	59.69
PBIT Margin (%)	60.08	62.29	52.14	49.32	58.45
PBT Margin (%)	16.02	21.73	13.29	7.38	13.09
Net Profit Margin (%)	11.94	15.96	9.76	6.11	8.75
NP After MI And SOA Margin (%)	12.23	16.31	10.04	6.38	9.04
Return on Networth / Equity (%)	9.69	11.16	6.72	4.90	8.98
Return on Capital Employeed (%)	15.29	14.00	11.58	12.21	15.53
Return On Assets (%)	1.56	1.97	1.35	0.90	1.31
Long Term Debt / Equity (X)	2.08	2.01	1.98	2.07	2.70
Total Debt / Equity (X)	4.93	4.39	3.68	4.13	5.48
Asset Turnover Ratio (%)	0.13	0.13	0.12	0.13	0.13
Current Ratio (X)	1.95	2.11	2.48	2.28	2.17
Quick Ratio (X)	1.95	2.11	2.48	2.28	2.17
Dividend Payout Ratio (NP) (%)	38.30	21.41	8.67	0.00	45.04
Dividend Payout Ratio (CP) (%)	33.53	19.31	7.64	0.00	39.62
Earning Retention Ratio (%)	61.70	78.59	91.33	0.00	54.96
Cash Earning Retention Ratio (%)	66.47	80.69	92.36	0.00	60.38
Interest Coverage Ratio (X)	1.40	1.60	1.37	1.15	1.32
Interest Coverage Ratio (Post Tax) (X)	1.27	1.41	1.25	1.10	1.19
Enterprise Value (Cr.)	129314.63	106110.18	77062.68	85722.06	73262.55
EV / Net Operating Revenue (X)	8.19	8.36	6.81	7.08	6.17
EV / EBITDA (X)	13.24	13.04	12.73	14.00	10.33
MarketCap / Net Operating Revenue (X)	2.18	2.25	1.73	2.02	0.76
Retention Ratios (%)	61.69	78.58	91.32	0.00	54.95
Price / BV (X)	1.73	1.54	1.16	1.55	0.75
Price / Net Operating Revenue (X)	2.18	2.25	1.73	2.02	0.76
EarningsYield	0.05	0.07	0.05	0.03	0.11

After reviewing the key financial ratios for Mahindra & Mahindra Financial Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 15.66. This value is within the healthy range. It has decreased from 16.81 (Mar 23) to 15.66, marking a decrease of 1.15.
For Diluted EPS (Rs.), as of Mar 24, the value is 15.65. This value is within the healthy range. It has decreased from 16.79 (Mar 23) to 15.65, marking a decrease of 1.14.
For Cash EPS (Rs.), as of Mar 24, the value is 17.51. This value is within the healthy range. It has decreased from 18.27 (Mar 23) to 17.51, marking a decrease of 0.76.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 161.82. It has increased from 151.60 (Mar 23) to 161.82, marking an increase of 10.22.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 161.82. It has increased from 151.60 (Mar 23) to 161.82, marking an increase of 10.22.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 127.97. It has increased from 102.95 (Mar 23) to 127.97, marking an increase of 25.02.
For PBDIT / Share (Rs.), as of Mar 24, the value is 79.12. This value is within the healthy range. It has increased from 65.96 (Mar 23) to 79.12, marking an increase of 13.16.
For PBIT / Share (Rs.), as of Mar 24, the value is 76.89. This value is within the healthy range. It has increased from 64.13 (Mar 23) to 76.89, marking an increase of 12.76.
For PBT / Share (Rs.), as of Mar 24, the value is 20.51. This value is within the healthy range. It has decreased from 22.38 (Mar 23) to 20.51, marking a decrease of 1.87.
For Net Profit / Share (Rs.), as of Mar 24, the value is 15.29. This value is within the healthy range. It has decreased from 16.44 (Mar 23) to 15.29, marking a decrease of 1.15.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 15.66. This value is within the healthy range. It has decreased from 16.80 (Mar 23) to 15.66, marking a decrease of 1.14.
For PBDIT Margin (%), as of Mar 24, the value is 61.82. This value is within the healthy range. It has decreased from 64.07 (Mar 23) to 61.82, marking a decrease of 2.25.
For PBIT Margin (%), as of Mar 24, the value is 60.08. This value exceeds the healthy maximum of 20. It has decreased from 62.29 (Mar 23) to 60.08, marking a decrease of 2.21.
For PBT Margin (%), as of Mar 24, the value is 16.02. This value is within the healthy range. It has decreased from 21.73 (Mar 23) to 16.02, marking a decrease of 5.71.
For Net Profit Margin (%), as of Mar 24, the value is 11.94. This value exceeds the healthy maximum of 10. It has decreased from 15.96 (Mar 23) to 11.94, marking a decrease of 4.02.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 12.23. This value is within the healthy range. It has decreased from 16.31 (Mar 23) to 12.23, marking a decrease of 4.08.
For Return on Networth / Equity (%), as of Mar 24, the value is 9.69. This value is below the healthy minimum of 15. It has decreased from 11.16 (Mar 23) to 9.69, marking a decrease of 1.47.
For Return on Capital Employeed (%), as of Mar 24, the value is 15.29. This value is within the healthy range. It has increased from 14.00 (Mar 23) to 15.29, marking an increase of 1.29.
For Return On Assets (%), as of Mar 24, the value is 1.56. This value is below the healthy minimum of 5. It has decreased from 1.97 (Mar 23) to 1.56, marking a decrease of 0.41.
For Long Term Debt / Equity (X), as of Mar 24, the value is 2.08. This value exceeds the healthy maximum of 1. It has increased from 2.01 (Mar 23) to 2.08, marking an increase of 0.07.
For Total Debt / Equity (X), as of Mar 24, the value is 4.93. This value exceeds the healthy maximum of 1. It has increased from 4.39 (Mar 23) to 4.93, marking an increase of 0.54.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.13. There is no change compared to the previous period (Mar 23) which recorded 0.13.
For Current Ratio (X), as of Mar 24, the value is 1.95. This value is within the healthy range. It has decreased from 2.11 (Mar 23) to 1.95, marking a decrease of 0.16.
For Quick Ratio (X), as of Mar 24, the value is 1.95. This value is within the healthy range. It has decreased from 2.11 (Mar 23) to 1.95, marking a decrease of 0.16.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 38.30. This value is within the healthy range. It has increased from 21.41 (Mar 23) to 38.30, marking an increase of 16.89.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 33.53. This value is within the healthy range. It has increased from 19.31 (Mar 23) to 33.53, marking an increase of 14.22.
For Earning Retention Ratio (%), as of Mar 24, the value is 61.70. This value is within the healthy range. It has decreased from 78.59 (Mar 23) to 61.70, marking a decrease of 16.89.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 66.47. This value is within the healthy range. It has decreased from 80.69 (Mar 23) to 66.47, marking a decrease of 14.22.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.40. This value is below the healthy minimum of 3. It has decreased from 1.60 (Mar 23) to 1.40, marking a decrease of 0.20.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.27. This value is below the healthy minimum of 3. It has decreased from 1.41 (Mar 23) to 1.27, marking a decrease of 0.14.
For Enterprise Value (Cr.), as of Mar 24, the value is 129,314.63. It has increased from 106,110.18 (Mar 23) to 129,314.63, marking an increase of 23,204.45.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 8.19. This value exceeds the healthy maximum of 3. It has decreased from 8.36 (Mar 23) to 8.19, marking a decrease of 0.17.
For EV / EBITDA (X), as of Mar 24, the value is 13.24. This value is within the healthy range. It has increased from 13.04 (Mar 23) to 13.24, marking an increase of 0.20.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.18. This value is within the healthy range. It has decreased from 2.25 (Mar 23) to 2.18, marking a decrease of 0.07.
For Retention Ratios (%), as of Mar 24, the value is 61.69. This value is within the healthy range. It has decreased from 78.58 (Mar 23) to 61.69, marking a decrease of 16.89.
For Price / BV (X), as of Mar 24, the value is 1.73. This value is within the healthy range. It has increased from 1.54 (Mar 23) to 1.73, marking an increase of 0.19.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.18. This value is within the healthy range. It has decreased from 2.25 (Mar 23) to 2.18, marking a decrease of 0.07.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has decreased from 0.07 (Mar 23) to 0.05, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mahindra & Mahindra Financial Services Ltd as of April 4, 2025 is: 177.75

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Mahindra & Mahindra Financial Services Ltd is Overvalued by 33.92% compared to the current share price 269.00

Intrinsic Value of Mahindra & Mahindra Financial Services Ltd as of April 4, 2025 is: 224.32

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Mahindra & Mahindra Financial Services Ltd is Overvalued by 16.61% compared to the current share price 269.00

Last 5 Year EPS CAGR: 26.20%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mahindra & Mahindra Financial Services Ltd:
1. Net Profit Margin: 11.94%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 15.29% (Industry Average ROCE: 18.65%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 9.69% (Industry Average ROE: 17.36%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.27
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.95
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 13.4 (Industry average Stock P/E: 86.07)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 4.93
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Mahindra & Mahindra Financial Services Ltd. is a Public Limited Listed company incorporated on 01/01/1991 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65921MH1991PLC059642 and registration number is 059642. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 13404.14 Cr. and Equity Capital is Rs. 246.88 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	Gateway Building, Mumbai Maharashtra 400001	investorhelpline_mmfsl@mahindra.com http://www.mahindrafinance.com

Management
Name	Position Held
Dr. Anish Shah	Chairman
Mr. Raul Rebello	Managing Director & CEO
Mr. Ashwani Ghai	Non Executive Director
Mr. Amarjyoti Barua	Non Executive Director
Dr. Rebecca Nugent	Independent Director
Mr. Dhananjay Mungale	Independent Director
Mr. C B Bhave	Independent Director
Mr. Milind Sarwate	Independent Director
Ms. Rama Bijapurkar	Independent Director
Mr. Diwakar Gupta	Independent Director
Mr. Vijay Kumar Sharma	Independent Director

FAQ

What is the intrinsic value of Mahindra & Mahindra Financial Services Ltd?

Mahindra & Mahindra Financial Services Ltd's intrinsic value (as of 04 April 2025) is ₹177.75 — 33.92% lower the current market price of ₹269.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 33,194 Cr. market cap, FY2025-2026 high/low of ₹343/246, reserves of 19,824 Cr, and liabilities of 133,661 Cr.

What is the Market Cap of Mahindra & Mahindra Financial Services Ltd?

The Market Cap of Mahindra & Mahindra Financial Services Ltd is 33,194 Cr..

What is the current Stock Price of Mahindra & Mahindra Financial Services Ltd as on 04 April 2025?

The current stock price of Mahindra & Mahindra Financial Services Ltd as on 04 April 2025 is 269.

What is the High / Low of Mahindra & Mahindra Financial Services Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Mahindra & Mahindra Financial Services Ltd stocks is ₹343/246.

What is the Stock P/E of Mahindra & Mahindra Financial Services Ltd?

The Stock P/E of Mahindra & Mahindra Financial Services Ltd is 13.4.

What is the Book Value of Mahindra & Mahindra Financial Services Ltd?

The Book Value of Mahindra & Mahindra Financial Services Ltd is 162.

What is the Dividend Yield of Mahindra & Mahindra Financial Services Ltd?

The Dividend Yield of Mahindra & Mahindra Financial Services Ltd is 2.35 %.

What is the ROCE of Mahindra & Mahindra Financial Services Ltd?

The ROCE of Mahindra & Mahindra Financial Services Ltd is 8.74 %.

What is the ROE of Mahindra & Mahindra Financial Services Ltd?

The ROE of Mahindra & Mahindra Financial Services Ltd is 10.0 %.

What is the Face Value of Mahindra & Mahindra Financial Services Ltd?

The Face Value of Mahindra & Mahindra Financial Services Ltd is 2.00.