Mahindra & Mahindra Financial Services Limited
Financial Services›Financial Services›Finance›Non Banking Financial Company (NBFC)
Key metrics
Price as of 2026-07-17
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | — | — | — | — | — | — | — | — | — | — | — | — |
| Other income | 54 Cr | 84 Cr | 121 Cr | 173 Cr | 39 Cr | 54 Cr | 3 Cr | 11 Cr | 23 Cr | 23 Cr | 14 Cr | 21 Cr |
| Net operating income | 54 Cr | 84 Cr | 121 Cr | 173 Cr | 39 Cr | 54 Cr | 3 Cr | 11 Cr | 23 Cr | 23 Cr | 14 Cr | 21 Cr |
| Employee cost | 558 Cr | 1,135 Cr | 1,701 Cr | 2,261 Cr | 592 Cr | 1,150 Cr | 597 Cr | 608 Cr | 634 Cr | 603 Cr | 631 Cr | 641 Cr |
| Other expenses | 237 Cr | 502 Cr | 788 Cr | 1,119 Cr | 289 Cr | 600 Cr | 337 Cr | 410 Cr | 357 Cr | 371 Cr | 414 Cr | 425 Cr |
| Provisions & contingencies | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation | 66 Cr | 133 Cr | 203 Cr | 275 Cr | 76 Cr | 154 Cr | 82 Cr | 85 Cr | 86 Cr | 94 Cr | 96 Cr | 110 Cr |
| Profit before tax | 469 Cr | 838 Cr | 1,652 Cr | 2,532 Cr | 642 Cr | 1,151 Cr | 1,217 Cr | 594 Cr | 683 Cr | 743 Cr | 1,087 Cr | 1,243 Cr |
| Tax % | 25.7% | 25.8% | 25.4% | 25.5% | 25.6% | 25.8% | 25.9% | 25.8% | 25.6% | 25.9% | 25.7% | 25.6% |
| Net profit | 362 Cr | 649 Cr | 1,272 Cr | 1,943 Cr | 497 Cr | 887 Cr | 918 Cr | 456 Cr | 529 Cr | 566 Cr | 826 Cr | 940 Cr |
| EPS (₹) | ₹2.91 | ₹5.19 | ₹10.23 | ₹15.66 | ₹4.03 | ₹7.19 | ₹7.43 | ₹3.70 | ₹4.06 | ₹4.06 | ₹5.93 | ₹6.75 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 5,537 Cr | — | — | — | 6,935 Cr | 7,453 Cr | — | — | Sign in for TTM |
| Other income | 59 Cr | 114 Cr | 1 Cr | 83 Cr | 133 Cr | 173 Cr | 67 Cr | 81 Cr | Sign in for TTM |
| Net operating income | 5,596 Cr | 114 Cr | 1 Cr | 83 Cr | 7,068 Cr | 7,627 Cr | 67 Cr | 81 Cr | Sign in for TTM |
| Employee cost | 1,478 Cr | 1,610 Cr | 14 Cr | 1,613 Cr | 2,115 Cr | 2,261 Cr | 2,355 Cr | 2,510 Cr | Sign in for TTM |
| Other expenses | 804 Cr | 849 Cr | 6 Cr | 888 Cr | 1,112 Cr | 1,119 Cr | 1,347 Cr | 1,568 Cr | Sign in for TTM |
| Provisions & contingencies | — | — | — | — | — | — | — | — | Sign in for TTM |
| Depreciation | 76 Cr | 147 Cr | 2 Cr | 152 Cr | 226 Cr | 275 Cr | 321 Cr | 386 Cr | Sign in for TTM |
| Profit before tax | 2,794 Cr | 1,556 Cr | 9 Cr | 1,504 Cr | 2,760 Cr | 2,532 Cr | 2,962 Cr | 3,756 Cr | Sign in for TTM |
| Tax % | 34.8% | 33.2% | 17.2% | 26.5% | 26.5% | 25.5% | 25.9% | 25.7% | Sign in for TTM |
| Net profit | 1,867 Cr | 1,086 Cr | 8 Cr | 1,150 Cr | 2,071 Cr | 1,943 Cr | 2,261 Cr | 2,861 Cr | Sign in for TTM |
| EPS (₹) | ₹29.73 | ₹17.48 | ₹6.99 | ₹9.23 | ₹16.81 | ₹15.66 | ₹18.32 | ₹20.88 | Sign in for TTM |
| Dividend payout % | — | — | — | 8.6% | 21.4% | 38.1% | 34.4% | 31.6% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 123 Cr | 123 Cr | 2 Cr | 247 Cr | 247 Cr | 247 Cr | 247 Cr | 278 Cr |
| Reserves | 11,225 Cr | 11,846 Cr | 155 Cr | 16,650 Cr | 18,313 Cr | 19,686 Cr | 21,282 Cr | 26,361 Cr |
| Borrowings | 24,633 Cr | 33,327 Cr | — | 28,652 Cr | 44,154 Cr | 56,790 Cr | 71,754 Cr | 77,612 Cr |
| Other liabilities | 38,596 Cr | 36,496 Cr | 698 Cr | 38,260 Cr | 42,229 Cr | 46,951 Cr | 50,779 Cr | 54,340 Cr |
| Total liabilities | 74,576 Cr | 81,793 Cr | 856 Cr | 83,809 Cr | 1,05,085 Cr | 1,23,716 Cr | 1,44,105 Cr | 1,58,644 Cr |
| Fixed assets (net) | 168 Cr | — | — | — | 855 Cr | 983 Cr | 1,027 Cr | 1,075 Cr |
| CWIP | 0.0000 Cr | — | — | — | 0.0000 Cr | 0.0000 Cr | 0.52 Cr | 2 Cr |
| Investments | 3,327 Cr | 5,340 Cr | — | 8,654 Cr | 10,063 Cr | 9,598 Cr | 10,590 Cr | 7,407 Cr |
| Other assets | 591 Cr | 53 Cr | — | 65 Cr | 685 Cr | 1,077 Cr | 2,077 Cr | 791 Cr |
| Total assets | 74,576 Cr | 81,793 Cr | 856 Cr | 83,809 Cr | 1,05,085 Cr | 1,23,716 Cr | 1,44,105 Cr | 1,58,644 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 18 Cr | -17,395 Cr | -18,449 Cr | -15,602 Cr | -12,772 Cr |
| Cash from investing | — | — | — | 3,111 Cr | -1,635 Cr | 2,670 Cr | -1,077 Cr | 770 Cr |
| Cash from financing | — | — | — | -3,173 Cr | 18,852 Cr | 16,095 Cr | 17,605 Cr | 10,637 Cr |
| Net cash flow | — | — | — | -44 Cr | -179 Cr | 317 Cr | 927 Cr | -1,365 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -283 Cr | -17,809 Cr | -18,772 Cr | -16,044 Cr | -13,188 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 19.9% | 15.3% | 39.3% | 13.0% | 12.3% | 12.1% | 12.2% | 12.2% |
| ROE % | 16.1% | 9.0% | 4.9% | 6.7% | 11.1% | 9.7% | 10.5% | 10.7% |
| Debtor days | 2 | 2 | — | 2 | 3 | 4 | 5 | 6 |
| Inventory days | 0 | — | — | — | 0 | 0 | 0 | 0 |
| Days payable | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 2 | 2 | — | 2 | 3 | 4 | 5 | 6 |
| Debt / equity | 2.19 | 2.78 | — | 1.70 | 2.38 | 2.85 | 3.33 | 2.91 |
| Current ratio | — | — | — | — | — | — | — | — |
| Net debt / EBITDA | 3.33 | 4.70 | 0.00 | 4.72 | 5.48 | 5.83 | 5.98 | 5.90 |
Compare with peers
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