About
Mahindra & Mahindra Financial Services Limited, a non-banking financial company, engages in financing business in India. The company operates through Financing Activities and Other Reconciling Items segments. It offers vehicle financing for auto, utility vehicles, passenger cars, tractors, commercial vehicles, and construction equipment; pre-owned vehicle financing; and vehicle leasing solutions through its digital platform Quiklyz to fleet operators, farmers, businesses, self-employed, and salaried individuals. The company also provides loan against property, equipment finance, working capital finance, and supply chain finance for micro, small and medium enterprises (MSME); asset management and trusteeship services; insurance broking and advisory services; and engages in the life, health, motor, and property insurance distribution. It serves retail and commercial customers, individuals, and entrepreneurs, as well as businesses operating in agriculture, transportation, and small and medium enterprises. Mahindra & Mahindra Financial Services Limited was incorporated in 1991 and is headquartered in Mumbai, India. Mahindra & Mahindra Financial Services Limited is a subsidiary of Mahindra & Mahindra Limited.
Key Metrics
as of Sep 2026Market Cap51,950 Cr
P/E15.50
Div Yield2.01 %
Book Value₹192.00
52w High₹415.00
52w Low₹263.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenses | 1,490.00 | 1,479.00 | 1,387.00 | 1,592.00 | 1,517.00 | 1,327.00 | 816.00 | 1,431.00 | 1,181.00 | 1,079.00 | 1,023.00 | 1,302.00 | 1,147.00 |
| Other Income | 2.00 | 10.00 | -108.00 | 17.00 | 18.00 | 4.00 | 1.00 | 12.00 | 38.00 | 52.00 | 37.00 | 29.00 | 41.00 |
| Depreciation | 89.00 | 99.00 | 86.00 | 83.00 | 75.00 | 73.00 | 70.00 | 67.00 | 64.00 | 60.00 | 58.00 | 56.00 | 54.00 |
| Interest | 2,208.00 | 2,071.00 | 2,103.00 | 2,066.00 | 2,152.00 | 2,090.00 | 2,046.00 | 1,934.00 | 1,829.00 | 1,735.00 | 1,675.00 | 1,566.00 | 1,450.00 |
| Profit before tax | 1,186.00 | 1,161.00 | 1,070.00 | 748.00 | 693.00 | 756.00 | 1,213.00 | 493.00 | 686.00 | 832.00 | 734.00 | 316.00 | 474.00 |
| Tax % | 24.00 | 25.00 | 24.00 | 24.00 | 24.00 | 25.00 | 26.00 | 25.00 | 25.00 | 26.00 | 25.00 | 26.00 | 26.00 |
| Net Profit | 899.00 | 873.00 | 810.00 | 569.00 | 530.00 | 563.00 | 899.00 | 369.00 | 513.00 | 619.00 | 553.00 | 235.00 | 353.00 |
| EPS in Rs | 6.47 | 6.28 | 5.83 | 4.10 | 3.81 | 4.05 | 6.47 | 2.66 | 3.69 | 4.45 | 3.98 | 1.69 | 2.54 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenses | 5,976.00 | 4,756.00 | 4,551.00 | 3,540.00 | 4,315.00 | 5,241.00 | 3,954.00 | 2,423.00 | 1,958.00 | 2,714.00 | 2,187.00 | 1,793.00 |
| Other Income | -76.00 | 11.00 | 7.00 | -51.00 | 1.00 | 15.00 | 1.00 | 2.00 | 2.00 | 4.00 | 5.00 | 6.00 |
| Interest | 8,392.00 | 7,898.00 | 6,427.00 | 4,577.00 | 3,920.00 | 4,733.00 | 4,829.00 | 3,945.00 | 3,082.00 | 2,857.00 | 2,639.00 | 2,497.00 |
| Depreciation | 343.00 | 273.00 | 229.00 | 187.00 | 127.00 | 126.00 | 118.00 | 60.00 | 44.00 | 46.00 | 41.00 | 42.00 |
| Profit before tax | 3,673.00 | 3,147.00 | 2,355.00 | 2,698.00 | 1,357.00 | 422.00 | 1,344.00 | 2,382.00 | 1,667.00 | 620.00 | 1,038.00 | 1,254.00 |
| Tax % | 24.00 | 25.00 | 25.00 | 26.00 | 27.00 | 21.00 | 33.00 | 35.00 | 35.00 | 35.00 | 35.00 | 34.00 |
| Net Profit | 2,782.00 | 2,345.00 | 1,760.00 | 1,984.00 | 989.00 | 335.00 | 906.00 | 1,557.00 | 1,076.00 | 400.00 | 673.00 | 832.00 |
| EPS in Rs | 20.02 | 16.87 | 12.66 | 14.28 | 7.11 | 2.41 | 6.52 | 11.20 | 7.74 | 3.13 | 5.26 | 6.50 |
| Dividend Payout % | 37.00 | 34.00 | 44.00 | 37.00 | 45.00 | 29.00 | 0.00 | 26.00 | 23.00 | 34.00 | 34.00 | 27.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 278.00 | 247.00 | 247.00 | 247.00 | 247.00 | 246.00 | 123.00 | 123.00 | 123.00 | 113.00 | 113.00 | 113.00 |
| Reserves | 24,481.00 | 19,565.00 | 17,911.00 | 16,842.00 | 15,381.00 | 14,465.00 | 11,241.00 | 10,785.00 | 9,499.00 | 6,364.00 | 5,975.00 | 5,557.00 |
| Other Liabilities | 2,812.00 | 2,870.00 | 4,777.00 | 4,182.00 | 3,847.00 | 3,748.00 | 3,245.00 | 3,323.00 | 3,078.00 | 4,821.00 | 4,039.00 | 3,141.00 |
| Total Liabilities | 147,905.00 | 135,555.00 | 115,159.00 | 96,217.00 | 75,289.00 | 77,036.00 | 74,071.00 | 67,078.00 | 52,793.00 | 45,837.00 | 39,579.00 | 35,074.00 |
| Fixed Assets | 1,188.00 | 1,049.00 | 826.00 | 696.00 | 393.00 | 330.00 | 364.00 | 163.00 | 120.00 | 112.00 | 113.00 | 110.00 |
| CWIP | 7.00 | 66.00 | 105.00 | 0.00 | 0.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6,820.00 | 10,400.00 | 9,651.00 | 9,989.00 | 8,440.00 | 11,705.00 | 5,911.00 | 3,792.00 | 2,734.00 | 1,873.00 | 1,483.00 | 854.00 |
| Other Assets | 139,890.00 | 124,040.00 | 104,578.00 | 85,532.00 | 66,456.00 | 64,991.00 | 67,797.00 | 63,123.00 | 49,939.00 | 43,852.00 | 37,983.00 | 34,110.00 |
| Total Assets | 147,905.00 | 135,555.00 | 115,159.00 | 96,217.00 | 75,289.00 | 77,036.00 | 74,071.00 | 67,078.00 | 52,793.00 | 45,837.00 | 39,579.00 | 35,074.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -11,206.00 | -15,281.00 | -18,404.00 | -17,485.00 | 0.00 | 4,886.00 | -3,151.00 | -10,918.00 | -7,106.00 | -4,907.00 | -3,381.00 | -2,989.00 |
| Cash from Investing Activity | 1,109.00 | -1,011.00 | 1,962.00 | -1,321.00 | 2,613.00 | -7,252.00 | -2,573.00 | -1,317.00 | 211.00 | -256.00 | -506.00 | -16.00 |
| Cash from Financing Activity | 8,821.00 | 17,648.00 | 16,503.00 | 18,728.00 | -2,855.00 | 2,260.00 | 5,899.00 | 12,465.00 | 6,755.00 | 5,360.00 | 3,915.00 | 2,974.00 |
| Net Cash Flow | -1,275.00 | 1,355.00 | 61.00 | -78.00 | -243.00 | -106.00 | 175.00 | 230.00 | -140.00 | 196.00 | 27.00 | -31.00 |
| Free Cash Flow | -11,535.00 | -15,642.00 | -18,642.00 | -17,834.00 | -270.00 | 4,846.00 | -3,255.00 | -11,026.00 | -7,157.00 | -4,951.00 | -3,422.00 | -3,023.00 |
| CFO/OP % | -84.00 | -128.00 | -196.00 | -226.00 | 9.00 | 104.00 | -42.00 | -160.00 | -137.00 | -127.00 | -75.00 | -65.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|
Corporate Actions
30 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 13 Jul 2026 | 13 Jul 2026 | — | 7.50 | |
| Dividend | 15 Jul 2025 | 15 Jul 2025 | — | 6.50 | |
| Rights | 14 May 2025 | 14 May 2025 | 1:8 | — | |
| Other | 14 May 2025 | 14 May 2025 | — | — | Right Issue of Equity Shares |
| Dividend | 16 Jul 2024 | — | — | 6.30 | |
| Dividend | 21 Jul 2023 | — | — | 6.00 | |
| Dividend | 20 Jul 2022 | — | — | 3.60 | |
| Dividend | 16 Jul 2021 | — | — | 0.80 | |
| Rights | 22 Jul 2020 | 23 Jul 2020 | 1:1 | — | |
| Other | 22 Jul 2020 | 23 Jul 2020 | — | — | Right Issue of Equity Shares |
| Dividend | 15 Jul 2019 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=2.5 |
| Dividend | 15 Jul 2019 | — | — | 4.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=2.5 |
| Dividend | 19 Jul 2018 | — | — | 4.00 | |
| Dividend | 14 Jul 2017 | — | — | 2.40 | |
| Dividend | 14 Jul 2016 | — | — | 4.00 | |
| Dividend | 02 Jul 2015 | — | — | 4.00 | |
| Dividend | 03 Jul 2014 | — | — | 3.80 | |
| Dividend | 04 Jul 2013 | — | — | 3.40 | |
| Dividend | 04 Jul 2013 | — | — | 0.20 | |
| Other | 04 Jul 2013 | — | — | — | Annual General Meeting/Dividend - Final Rs.3.40 + Special Re.0.20 Per Share |
| Split | 15 Feb 2013 | 18 Feb 2013 | 10:2 | — | |
| Dividend | 05 Jul 2012 | — | — | 14.00 | |
| Dividend | 07 Jul 2011 | — | — | 10.00 | |
| Dividend | 30 Jun 2010 | — | — | 7.50 | |
| Dividend | 02 Jul 2009 | — | — | 5.50 | |
| Dividend | 26 Jun 2008 | — | — | 4.50 | NSE/BSE dividend mismatch: NSE=0.9; BSE=4.5 |
| Dividend | 26 Jun 2008 | — | — | 0.90 | NSE/BSE dividend mismatch: NSE=0.9; BSE=4.5 |
| Dividend | 28 Jun 2007 | — | — | 0.40 | |
| Dividend | 26 Mar 2007 | 28 Mar 2007 | — | 0.40 | |
| Dividend | 15 Jun 2006 | — | — | 0.40 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update14 Aug from crisil
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Rating update9 Jul from care
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Rating update22 Apr from crisil
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Rating update7 Oct 2025 from care
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Rating update11 Jun 2025 from brickwork
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Rating update22 Apr 2025 from crisil
Conference Calls
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