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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532720 | NSE: M&MFIN

Fundamental Analysis of Mahindra & Mahindra Financial Services Ltd

About the Company - Mahindra & Mahindra Financial Services Ltd

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. 9657.97 Cr. and Equity Capital is Rs. 246.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)Gateway Building, Mumbai Maharashtra 400001investorhelpline_mmfsl@mahindra.com
http://www.mahindrafinance.com
Management
NamePosition Held
Dr. Anish ShahChairman & Non-Exe.Director
Mr. Ramesh IyerVice Chairman & Mng.Director
Mr. Raul RebelloManaging Director & CEO
Mr. Amit Kumar SinhaNon Executive Director
Mr. Ashwani GhaiNon Executive Director
Mr. Diwakar GuptaIndependent Director
Mr. C B BhaveIndependent Director
Mr. Dhananjay MungaleIndependent Director
Mr. Milind SarwateIndependent Director
Ms. Rama BijapurkarIndependent Director
Dr. Rebecca NugentIndependent Director

Basic Stock Data of Mahindra & Mahindra Financial Services Ltd

Last Updated: June 25, 2024, 10:32 pm

Market Cap 37,859 Cr.
Current Price 306
High / Low347/237
Stock P/E19.6
Book Value 161
Dividend Yield2.06 %
ROCE8.74 %
ROE10.0 %
Face Value 2.00
PEG Ratio1.56

Mahindra & Mahindra Financial Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue2,9583,0072,5502,9292,9742,8652,9023,0113,3243,4633,5833,8334,100
Interest1,3121,2261,1511,1431,0711,0531,0521,1921,3731,4771,5971,7031,798
Expenses1,9821,5343,5413185569321,5121,0711,0411,0721,5041,7241,456
Financing Profit-336247-2,1431,4681,348880338748910913482406846
Financing Margin %-11%8%-84%50%45%31%12%25%27%26%13%11%21%
Other Income59453454223824-263686674450
Depreciation37373334355043556365666769
Profit before tax-313256-2,1411,4881,334868318668884934483383826
Tax %29%14%27%26%26%28%25%26%25%28%25%25%25%
Net Profit-223219-1,5731,103992629240492664675362287623
EPS in Rs-1.831.75-12.748.907.995.051.943.975.355.512.902.275.04
Gross NPA %9.00%15.50%
Net NPA %

Last Updated: June 5, 2024, 10:15 pm

Mahindra & Mahindra Financial Services Ltd Quarterly Chart

Mahindra & Mahindra Financial Services Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue2,9064,1755,2946,0516,5867,1897,91010,42911,99512,38211,41912,82814,979
Interest1,1401,6712,2812,6432,8683,1863,4364,4325,3915,3084,4175,0946,576
Expenses7891,1631,5321,9722,4593,1232,5473,1294,9036,0465,3474,6965,757
Financing Profit9771,3421,4811,4351,2588801,9272,8681,7021,0281,6553,0382,646
Financing Margin %34%32%28%24%19%12%24%28%14%8%14%24%18%
Other Income53571012123349475747-8248
Depreciation2024264646545576147151152226268
Profit before tax9611,3531,4621,4001,2248381,9052,8411,6029341,5492,8042,626
Tax %33%31%34%34%36%37%36%34%32%16%26%26%
Net Profit6459299659257875301,2161,8671,0867801,1502,0711,947
EPS in Rs6.198.158.398.036.794.509.5914.798.706.269.2016.7715.72
Dividend Payout %22%22%22%25%29%27%21%22%0%13%39%36%

Mahindra & Mahindra Financial Services Ltd Profit & Loss Yearly Chart

Mahindra & Mahindra Financial Services Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:9%
3 Years:8%
TTM:23%
Compounded Profit Growth
10 Years:7%
5 Years:1%
3 Years:43%
TTM:-8%
Stock Price CAGR
10 Years:6%
5 Years:5%
3 Years:24%
1 Year:-1%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:10%
Last Year:10%

Last Updated: June 25, 2024, 5:02 pm

Mahindra & Mahindra Financial Services Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital103113113113113113123123123246247247247
Reserves2,9284,4675,1815,8306,3566,8479,73211,14611,84615,53016,65018,31318,359
Borrowings14,64620,15225,89329,23234,04440,64444,98658,80265,63465,10162,12681,42990,424
Other Liabilities1,7432,3392,8713,4594,4945,6193,8894,5054,1894,7244,7875,0964,235
Total Liabilities19,42027,07134,05738,63345,00753,22358,73074,57681,79385,60183,809105,085113,264
Fixed Assets1011121281191291331472014553995158711,000
CWIP21000101112230
Investments4374587226541,1991,3742,3783,3275,34012,1268,65410,0639,065
Other Assets18,88126,50033,20737,86043,67951,71456,20571,04675,99673,06474,63794,148103,199
Total Assets19,42027,07134,05738,63345,00753,22358,73074,57681,79385,60183,809105,085113,264

Mahindra & Mahindra Financial Services Ltd Reserves and Borrowings Chart

Mahindra & Mahindra Financial Services Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -6,249-7,442-6,448-3,970-4,957-6,467-8,510-12,078-3,1155,82618-17,395
Cash from Investing Activity 102-181-47034-440-97243-1,213-2,689-8,3483,112-1,635
Cash from Financing Activity 6,0587,6966,8983,9075,4316,7668,17413,4906,0502,548-3,17318,852
Net Cash Flow-8974-20-2934202-9319924526-43-179

Mahindra & Mahindra Financial Services Ltd Financial Efficiency Indicators

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

Mahindra & Mahindra Financial Services Ltd Financial Efficiency Indicators Chart

Mahindra & Mahindra Financial Services Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters52.16%52.16%52.16%52.16%52.16%52.16%52.16%52.16%52.16%52.16%52.16%52.16%
FIIs17.94%18.99%19.24%17.90%17.55%16.93%16.09%14.85%13.92%14.10%12.72%11.95%
DIIs16.53%15.80%15.38%16.16%17.95%22.12%23.76%25.18%26.95%25.84%26.96%28.61%
Public13.09%12.78%12.99%13.58%12.13%8.60%7.83%7.68%6.84%7.79%8.06%7.18%
Others0.28%0.27%0.24%0.21%0.21%0.20%0.18%0.16%0.15%0.14%0.10%0.09%
No. of Shareholders2,96,3572,37,7012,49,8892,50,6782,17,6772,14,8971,93,5551,86,2651,85,7052,19,5102,39,3722,27,512

Mahindra & Mahindra Financial Services Ltd Shareholding Pattern Chart

No. of Mahindra & Mahindra Financial Services Ltd Shareholders

Mahindra & Mahindra Financial Services Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan32,429,7491.59937.8711,249,1952024-06-24188.29%
Kotak Emerging Equity Fund - Regular Plan14,686,4661.09424.7311,249,1952024-06-2430.56%
SBI Long Term Equity Fund11,249,1951.62325.3311,249,1952024-06-240%
Nippon India Growth Fund11,000,0001.31318.1211,249,1952024-06-24-2.22%
ICICI Prudential Multi Asset Fund8,320,0170.73240.6111,249,1952024-06-24-26.04%
SBI Contra Fund6,828,1500.84197.4711,249,1952024-06-24-39.3%
ICICI Prudential Large & Mid Cap Fund6,100,0001.63176.4111,249,1952024-06-24-45.77%
Axis Midcap Fund5,772,3120.68166.9411,249,1952024-06-24-48.69%
Franklin India Prima Fund5,375,0001.54155.4511,249,1952024-06-24-52.22%
HDFC Large and Mid Cap Fund - Regular Plan4,938,2700.89142.8111,249,1952024-06-24-56.1%

Mahindra & Mahindra Financial Services Ltd ROCE Trend

Mahindra & Mahindra Financial Services Ltd EPS Trend

Mahindra & Mahindra Financial Services Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)15.6616.819.236.9917.48
Diluted EPS (Rs.)15.6516.799.216.9817.44
Cash EPS (Rs.)17.5118.2710.207.2319.29
Book Value[Excl.RevalReserv]/Share (Rs.)161.82151.60138.18128.86195.97
Book Value[Incl.RevalReserv]/Share (Rs.)161.82151.60138.18128.86195.97
Revenue From Operations / Share (Rs.)127.97102.9591.7998.30193.11
PBDIT / Share (Rs.)79.1265.9649.0949.71115.28
PBIT / Share (Rs.)76.8964.1347.8648.49112.89
PBT / Share (Rs.)20.5122.3812.207.2625.29
Net Profit / Share (Rs.)15.2916.448.966.0116.90
NP After MI And SOA / Share (Rs.)15.6616.809.226.2817.47
PBDIT Margin (%)61.8264.0753.4850.5659.69
PBIT Margin (%)60.0862.2952.1449.3258.45
PBT Margin (%)16.0221.7313.297.3813.09
Net Profit Margin (%)11.9415.969.766.118.75
NP After MI And SOA Margin (%)12.2316.3110.046.389.04
Return on Networth / Equity (%)9.6911.166.724.908.98
Return on Capital Employeed (%)46.2014.0011.5812.2115.53
Return On Assets (%)1.561.971.350.901.31
Long Term Debt / Equity (X)0.002.011.982.072.70
Total Debt / Equity (X)4.354.393.684.135.48
Asset Turnover Ratio (%)0.130.120.120.130.13
Current Ratio (X)1.172.112.482.282.17
Quick Ratio (X)1.172.112.482.282.17
Dividend Payout Ratio (NP) (%)0.0021.418.670.0045.04
Dividend Payout Ratio (CP) (%)0.0019.317.640.0039.62
Earning Retention Ratio (%)0.0078.5991.330.0054.96
Cash Earning Retention Ratio (%)0.0080.6992.360.0060.38
Interest Coverage Ratio (X)1.401.601.371.151.32
Interest Coverage Ratio (Post Tax) (X)1.271.411.251.101.19
Enterprise Value (Cr.)117673.45106110.1877062.6885722.0673262.55
EV / Net Operating Revenue (X)7.458.366.817.086.17
EV / EBITDA (X)12.0513.0412.7314.0010.33
MarketCap / Net Operating Revenue (X)2.182.251.732.020.76
Retention Ratios (%)0.0078.5891.320.0054.95
Price / BV (X)1.731.541.161.550.75
Price / Net Operating Revenue (X)2.182.251.732.020.76
EarningsYield0.050.070.050.030.11

Mahindra & Mahindra Financial Services Ltd Profitability Ratios (%)

Mahindra & Mahindra Financial Services Ltd Liquidity Ratios

Mahindra & Mahindra Financial Services Ltd Liquidity Ratios (%)

Mahindra & Mahindra Financial Services Ltd Interest Coverage Ratios (%)

Mahindra & Mahindra Financial Services Ltd Valuation Ratios

Fair Value

Fair Value: 322.06

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.

Undervalued: 5.25% compared to the current price 306

Intrinsic Value: 362.51

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 18.47% compared to the current price ₹306

Last 5 Year EPS CAGR: 12.56%

*Investments are subject to market risks

Strength and Weakness of Mahindra & Mahindra Financial Services Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of Mahindra & Mahindra Financial Services Ltd?

The latest fair value of Mahindra & Mahindra Financial Services Ltd is ₹322.06.

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

The Market Cap of Mahindra & Mahindra Financial Services Ltd is 37,859 Cr..

What is the current Stock Price of Mahindra & Mahindra Financial Services Ltd as on 25 June 2024?

The current stock price of Mahindra & Mahindra Financial Services Ltd as on 25 June 2024 is ₹306.

What is the High / Low of Mahindra & Mahindra Financial Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mahindra & Mahindra Financial Services Ltd stocks is 347/237.

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

The Stock P/E of Mahindra & Mahindra Financial Services Ltd is 19.6.

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

The Book Value of Mahindra & Mahindra Financial Services Ltd is 161.

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

The Dividend Yield of Mahindra & Mahindra Financial Services Ltd is 2.06 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mahindra & Mahindra Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE