Mah & Mah Finl. Serv

₹265 0.8 | 0.3%

WEBSITE BSE:532720 NSE : M&M FINANSER 26 Dec, 15:51

Market Cap ₹32742 Cr.

Stock P/E 16.9

P/B 1.8

Current Price ₹265

Book Value ₹ 148

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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Peer Comparison

Mah & Mah Finl. Serv Quarterly Results

#(Fig in Cr.)
Operating Revenue
Other Income
Total Income
Total Expenditure
Operating Profit
Interest Expense
Depreciation
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

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
Operating Revenue	4922	5536	5853	6174	6633	8723	10100	10456	9658	10929	13404
Other Income	31	49	52	64	515	1217	150	62	207	1342	165
Total Income	4953	5585	5905	6238	7148	9940	10250	10518	9865	12270	13569
Total Expenditure	1395	1793	2187	2714	2420	3552	3959	5242	4461	4754	4558
Operating Profit	3558	3792	3718	3524	4728	6387	6291	5275	5404	7517	9011
Interest Expense	2188	2497	2639	2857	3082	3945	4829	4733	3920	4577	6427
Depreciation	24	42	41	46	44	60	118	126	127	187	229
Profit Before Tax	1346	1254	1038	620	1667	2382	1344	422	1357	2698	2355
Provision for Tax	459	422	366	220	591	825	437	87	368	714	596
Profit After Tax	887	832	673	400	1076	1557	906	335	989	1984	1760
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	887	832	673	400	1076	1557	906	335	989	1984	1760
Adjusted Earnings Per Share	9.6	9	7.3	4.3	10.7	15.4	9	2.7	8	16.1	14.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	23%	9%	9%	11%
Operating Profit CAGR	20%	20%	7%	10%
PAT CAGR	-11%	74%	2%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-2%	22%	6%	4%
ROE Average	10%	10%	8%	11%
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	5094	5669	6088	6477	9622	10908	11364	14712	15628	17089	18157
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	16903	14787	17332	21412	35627	49122	59322	57394	54969	69902	87114
Current Liability	9074	13987	15279	16971	7433	6884	3236	4741	4487	9030	9760
Other Liabilities & Provisions	279	215	296	245	-516	-208	-341	-673	-632	-442	-562
Total Liabilities	31351	34659	38994	45105	52165	66706	73582	76174	74452	95579	114468
Loans	15647	16846	18302	22006	1360	1881	1864	1015	1196	3481	3758
Investments	526	760	992	1312	1618	1649	2560	7262	6968	7204	7153
Fixed Assets	119	110	113	112	120	163	364	330	393	696	826
Other Loans	51	99	174	204	259	354	32	24	148	226	103
Other Non Current Assets	218	291	102	147	4	89	456	295	144	1362	651
Current Assets	14789	16553	19310	21325	48804	62571	68306	67249	65604	82611	101978
Total Assets	31351	34659	38994	45105	52165	66706	73582	76174	74452	95579	114468

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	243	222	188	215	411	272	502	677	571	328	250
Cash Flow from Operating Activities	-5917	-2989	-3381	-4907	-7106	-10918	-3151	4886	-0	-17485	-18404
Cash Flow from Investing Activities	-515	-16	-506	-256	211	-1317	-2573	-7252	2613	-1321	1962
Cash Flow from Financing Activities	6411	2974	3915	5360	6755	12465	5899	2260	-2855	18728	16503
Net Cash Inflow / Outflow	-22	-31	27	197	-140	230	175	-106	-243	-78	61
Closing Cash & Cash Equivalent	222	191	215	411	272	502	677	571	328	250	311

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)	9.6	8.99	7.26	4.32	10.68	15.44	8.98	2.72	8.02	16.09	14.25
CEPS(Rs)	9.86	9.44	7.71	4.82	11.12	16.04	10.15	3.74	9.05	17.6	16.11
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)	55.03	61.1	65.49	69.64	95.27	107.84	112.13	119.06	126.49	138.34	147
Net Profit Margin	18.03	15.02	11.49	6.48	16.22	17.85	8.97	3.21	10.24	18.16	13.13
Operating Margin	71.8	67.74	62.83	56.33	71.58	72.53	61.12	49.31	54.64	66.57	65.52
PBT Margin	27.34	22.65	17.74	10.04	25.13	27.31	13.3	4.04	14.05	24.69	17.57
ROA(%)	3.13	2.52	1.83	0.95	2.21	2.62	1.29	0.45	1.31	2.33	1.68
ROE(%)	18.62	15.49	11.48	6.4	13.41	15.21	8.17	2.58	6.53	12.15	9.99
ROCE(%)	13.5	12.3	10.9	9.08	10.47	11.15	9.17	7.15	7.29	8.9	8.68
Price/Earnings(x)	16	17.21	20.36	44.46	26.37	16.62	10.01	73.11	19.85	14.42	19.55
Price/Book(x)	2.79	2.53	2.26	2.76	2.96	2.38	0.8	1.67	1.26	1.68	1.9
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)	7.63	7.24	7.27	8.38	10.26	8.92	6.64	7.63	7.38	9.22	9.25
EV/Core EBITDA(x)	10.56	10.57	11.45	14.69	14.4	12.18	10.67	15.12	13.19	13.4	13.75
Interest Earned Growth(%)	27.61	12.48	5.73	5.48	7.44	31.5	15.78	3.53	-7.63	13.16	22.65
Net Profit Growth	0.51	-6.25	-19.14	-40.49	168.86	44.7	-41.79	-63.02	195.02	100.69	-11.32
EPS Growth(%)	0.42	-6.35	-19.2	-40.54	147.23	44.6	-41.83	-69.71	194.78	100.59	-11.38
Interest Coverage(x) %	1.62	1.5	1.39	1.22	1.54	1.6	1.28	1.09	1.35	1.59	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 company has delivered a poor profit growth of 2% over past five 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.