Mah & Mah Finl. Serv

₹265 0.8 | 0.3%

WEBSITE BSE:532720 NSE : M&M FINANSER 26 Dec, 15:32

Market Cap ₹32742 Cr.

Stock P/E 16.9

P/B 1.6

Current Price ₹265

Book Value ₹ 162.4

Face Value 2

52W High ₹342.9

Dividend Yield 2.38%

52W Low ₹ 246.3

Edit Ratio

Mah & Mah Finl. Serv Research see more...

Overview Inc. Year: 1991Industry: Finance - NBFC

Mahindra & Mahindra Financial Services Ltd is a non-banking financing company (NBFC). The Company serves the financing needs of population residing in rural and semi-urban regions of India. The Company affords a variety of retail services and products, such as financing vehicles for business and private use, tractors, small and medium organization (SME) loans, and various other economic merchandise. Through its housing finance subsidiary, Mahindra Rural Housing Finance Ltd (MHRFL), the Company is enabling numerous low and middle earnings households to construct their own home. The Company also provides mutual fund distribution, constant deposit schemes and personal loans. The Company's subsidiary, Mahindra Insurance Brokers Ltd, is within the business of distributing life and non-life insurance products thru tie-ups with numerous coverage corporations.

Mah & Mah Finl. Serv Share Price

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Price

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Quarterly Price

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Peer Comparison

Mah & Mah Finl. Serv Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Operating Revenue	2902	3011	3324	3463	3583	3833	4100	4280	4316	4465
Other Income	12	18	29	74	54	30	37	53	39	14
Total Income	2914	3029	3353	3536	3637	3863	4137	4333	4355	4479
Total Expenditure	1512	1071	1041	1073	1504	1724	1456	1520	1676	1830
Operating Profit	1402	1958	2312	2464	2133	2140	2681	2813	2679	2650
Interest Expense	1052	1192	1373	1477	1597	1703	1798	1861	1960	2062
Depreciation	43	55	63	65	66	67	69	72	76	79
Profit Before Tax	307	656	876	921	469	369	814	880	642	509
Provision for Tax	79	176	219	259	121	96	203	225	164	133
Profit After Tax	228	480	657	663	348	273	610	655	478	376
Adjustments	11	10	4	19	10	8	12	15	20	14
Profit After Adjustments	239	490	661	681	359	281	623	670	498	389
Adjusted Earnings Per Share	1.9	4	5.4	5.5	2.9	2.3	5	5.4	4	3.2

Mah & Mah Finl. Serv Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Operating Revenue	5275	6021	6554	7146	7884	10372	11885	12111	11318	12700	15797	17161
Other Income	25	40	44	54	402	1145	117	60	169	1557	182	143
Total Income	5301	6061	6597	7201	8286	11517	12002	12171	11486	14257	15979	17304
Total Expenditure	1532	1973	2459	3123	2921	4215	4908	6047	5433	6120	6212	6482
Operating Profit	3769	4088	4138	4078	5366	7302	7094	6124	6053	8137	9766	10823
Interest Expense	2281	2643	2868	3186	3436	4432	5391	5308	4417	5094	6959	7681
Depreciation	26	46	46	54	55	76	147	151	152	226	275	296
Profit Before Tax	1462	1400	1224	838	1905	2841	1602	934	1549	2804	2588	2845
Provision for Tax	497	475	437	308	689	973	516	154	399	733	645	725
Profit After Tax	965	925	787	530	1216	1867	1086	780	1150	2071	1943	2119
Adjustments	-10	-12	-15	-18	-31	-40	-11	-7	-13	1	-10	61
Profit After Adjustments	954	913	772	512	1185	1827	1075	773	1137	2072	1933	2180
Adjusted Earnings Per Share	10.3	9.9	8.3	5.5	11.8	18.1	10.7	6.3	9.2	16.8	15.7	17.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	9%	9%	12%
Operating Profit CAGR	20%	17%	6%	10%
PAT CAGR	-6%	36%	1%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-2%	22%	6%	4%
ROE Average	10%	10%	9%	12%
ROCE Average	9%	8%	8%	10%

Mah & Mah Finl. Serv Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	5294	5943	6469	6960	9855	11269	11969	15776	16896	18560	19933
Minority's Interest	36	49	68	100	145	79	90	99	141	141	42
Borrowings	18254	16865	20341	24911	40120	54421	65182	63625	61187	76390	92951
Current Liability	9863	15121	17204	20203	8473	8616	4365	5883	5350	9769	10632
Other Liabilities & Provisions	285	234	325	292	-582	-258	-393	-727	-717	-522	-644
Total Liabilities	33732	38212	44408	52466	58012	74126	81214	84656	82857	104339	122914
Loans	17600	19775	22723	27891	1360	1881	1864	1015	1196	3481	3758
Investments	379	560	652	798	1966	2517	1918	12100	8628	10037	9448
Fixed Assets	128	119	129	133	147	201	455	399	515	871	1008
Other Loans	49	55	173	212	257	373	37	51	154	236	106
Other Non Current Assets	218	291	103	149	19	123	493	324	179	1401	692
Current Assets	15358	17412	20628	23283	54262	69031	76447	70767	72185	88313	107902
Total Assets	33732	38212	44408	52466	58012	74126	81214	84656	82857	104339	122914

Mah & Mah Finl. Serv Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	254	234	202	236	432	339	537	783	809	765	587
Cash Flow from Operating Activities	-6448	-3970	-4957	-6467	-8510	-12078	-3115	5826	18	-17395	-18449
Cash Flow from Investing Activities	-470	34	-440	-97	243	-1213	-2689	-8348	3111	-1635	2670
Cash Flow from Financing Activities	6898	3907	5431	6766	8174	13490	6050	2548	-3173	18852	16095
Net Cash Inflow / Outflow	-20	-29	34	202	-93	199	245	26	-44	-179	317
Closing Cash & Cash Equivalent	234	205	236	437	339	537	783	809	765	587	904

Mah & Mah Finl. Serv Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	10.33	9.87	8.34	5.52	11.76	18.12	10.65	6.28	9.22	16.8	15.66
CEPS(Rs)	10.72	10.49	9	6.3	12.62	19.27	12.22	7.56	10.56	18.62	17.97
DPS(Rs)	2.32	2.44	2.44	1.46	2.44	3.96	0	0.8	3.6	6	6.3
Book NAV/Share(Rs)	57.19	64.06	69.61	74.85	97.58	111.4	118.08	127.65	136.69	150.13	161.23
Net Profit Margin	18.29	15.36	12.01	7.41	15.43	18	9.14	6.44	10.16	16.31	12.3
Operating Margin	70.94	67.14	62.44	56.31	67.75	70.12	58.83	51.54	52.72	62.19	60.44
PBT Margin	27.71	23.25	18.68	11.72	24.16	27.39	13.48	7.71	13.69	22.08	16.38
ROA(%)	3.19	2.57	1.91	1.09	2.2	2.83	1.4	0.94	1.37	2.21	1.71
ROE(%)	19.58	16.5	12.73	7.92	14.51	17.73	9.38	5.65	7.06	11.71	10.11
ROCE(%)	13.39	12.18	10.81	9.13	10.43	11.65	9.47	7.88	7.46	8.82	8.75
Price/Earnings(x)	14.87	15.68	17.73	34.78	23.94	14.16	8.44	31.69	17.26	13.8	17.8
Price/Book(x)	2.69	2.42	2.12	2.57	2.89	2.3	0.76	1.56	1.16	1.54	1.73
Dividend Yield(%)	1.51	1.58	1.65	0.76	0.87	1.54	0	0.4	2.26	2.59	2.26
EV/Net Sales(x)	7.49	7.15	7.19	8.09	9.24	8.07	6.16	7.07	6.8	8.34	8.18
EV/Core EBITDA(x)	10.49	10.53	11.39	14.18	13.58	11.46	10.32	13.97	12.71	13.02	13.24
Interest Earned Growth(%)	28.82	14.14	8.85	9.04	10.32	31.56	14.59	1.9	-6.55	12.21	24.39
Net Profit Growth	3.86	-4.14	-14.86	-32.73	129.62	53.52	-41.85	-24.97	47.43	80.05	-6.19
EPS Growth(%)	2.86	-4.45	-15.47	-33.8	113.01	54.08	-41.21	-41.09	46.91	82.2	-6.8
Interest Coverage(x) %	1.64	1.53	1.43	1.26	1.55	1.64	1.3	1.18	1.35	1.55	1.37

Mah & Mah Finl. Serv Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16	52.16
FII	17.55	16.93	16.09	14.85	13.92	14.09	12.73	11.96	10.09	10.19
DII	17.95	22.12	23.76	25.18	26.95	25.84	26.96	28.61	30.67	31.57
Public	12.34	8.8	8	7.82	6.98	7.91	8.16	7.27	7.09	6.08
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44	64.44
FII	21.68	20.91	19.88	18.35	17.2	17.41	15.72	14.77	12.46	12.59
DII	22.18	27.33	29.36	31.11	33.29	31.92	33.31	35.35	37.89	39.01
Public	15.25	10.87	9.88	9.66	8.62	9.78	10.08	8.99	8.76	7.52
Others	0	0	0	0	0	0	0	0	0	0
Total	123.55	123.55	123.55	123.55	123.55	123.55	123.55	123.55	123.55	123.55

Pros

Cons

Company has a low return on equity of 10% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.