Mahindra & Mahindra Financial Services Ltd

NSE: M&MFIN BSE: 532720

₹270.10

+6 (2.27%)

Tue, 10 Nov 2026, 03:30 pm

MTF 5xInvest in Mahindra & Mahindra Financial Services Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)36660.35

PE Ratio10.43

Dividend2.84

Finance

Finance/Rental/Leasing

24.5K

Mahindra & Mahindra Financial Services Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	—	—	—	—	—	—	—
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	306.86M	469.29M	458.97M	395.40M	450.20M	433.20M	561.10M	652.30M
Total assets	49.06B	62.84B	69.11B	72.89B	89.88B	137.22B	194.21B	270.71B	340.58B	386.45B	450.28B	532.54B	587.86B	746.93B	819.19B	858.20B	840.29B	1.05T	1.24T	1.44T
Total current assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and short term investments	1.31B	2.84B	2.16B	2.79B	2.44B	3.24B	5.61B	5.84B	9.13B	5.88B	11.56B	11.84B	4.78B	9.94B	15.32B	39.83B	47.17B	39.61B	33.20B	56.75B
Cash & equivalents	947.99M	1.07B	1.32B	1.38B	1.45B	1.84B	1.81B	2.55B	2.35B	2.06B	2.40B	4.42B	3.39B	5.38B	7.83B	8.09B	7.66B	5.87B	9.04B	18.29B
Short term investments	360.90M	1.77B	843.90M	1.41B	990.85M	1.39B	3.80B	3.29B	6.78B	3.82B	9.16B	7.61B	1.38B	4.56B	7.48B	31.73B	39.51B	33.74B	24.16B	38.47B
Total receivables, net	44.27B	58.61B	66.29B	68.48B	84.54B	126.19B	80.73B	1.49B	3.28B	3.13B	3.46B	1.02B	830.15M	787.14M	1.23B	2.32B	1.75B	3.32B	4.51B	5.28B
Accounts receivable - trade, net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets, total	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-current assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long term investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable - long term	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated subsidiaries	—	—	—	—	—	0	—	0	0	0	0	0	3.28B	4.09B	5.38B	8.38B	8.55B	9.53B	10.19B	11.06B
Other investments	3.16B	263.64M	95.36M	971.63M	2.03B	6.25B	1.47B	4.13B	5.15B	7.86B	6.86B	9.36B	21.25B	30.81B	53.07B	115.03B	79.75B	103.92B	92.15B	95.54B
Net property/plant/equipment	230.13M	276.04M	314.25M	363.08M	472.51M	825.04M	1.02B	1.12B	1.24B	1.17B	1.23B	1.34B	1.43B	1.77B	4.50B	3.91B	5.99B	10.80B	10.68B	11.10B
Gross property/plant/equipment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets	—	744.25M	1.25B	1.79B	2.07B	2.18B	2.04B	2.43B	3.26B	4.33B	6.19B	7.88B	7.74B	5.66B	7.05B	11.64B	11.71B	9.50B	9.79B	10.13B
Net intangible assets	12.27M	7.76M	13.92M	17.99M	13.84M	15.21M	9.99M	15.44M	49.81M	47.01M	55.94M	46.60M	97.15M	340.58M	281.59M	211.90M	563.10M	181.40M	1.30B	2.45B
Goodwill, net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other intangibles, net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long term assets, total	45.21M	94.09M	80.95M	65.96M	83.67M	215.35M	7.06B	1.78B	1.01B	1.25B	1.92B	1.97B	2.67B	3.78B	3.69B	5.69B	7.50B	10.74B	12.78B	14.39B
Short term debt	4.46B	7.91B	7.36B	41.21B	19.75B	31.91B	45.28B	65.06B	71.07B	110.01B	119.31B	136.62B	155.88B	198.95B	195.69B	188.79B	177.27B	278.68B	301.25B	377.32B
Current portion of LT debt and capital leases	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short term debt excl. current portion of LT debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long term debt	34.52B	41.47B	43.38B	10.27B	41.25B	58.46B	88.47B	138.15B	182.54B	136.48B	174.63B	227.18B	263.46B	332.76B	375.33B	370.95B	363.52B	485.84B	615.14B	704.92B
Long term debt excl. lease liabilities	34.52B	41.47B	43.38B	10.27B	41.25B	58.46B	88.47B	138.15B	182.54B	136.48B	174.63B	227.18B	263.46B	332.76B	375.33B	370.95B	363.52B	485.84B	615.14B	704.92B
Total equity	7.35B	7.82B	13.22B	14.84B	17.57B	25.50B	30.39B	46.03B	53.30B	59.92B	65.38B	70.60B	100.00B	113.48B	120.59B	158.76B	170.38B	187.01B	199.75B	215.73B
Shareholders' equity	7.35B	7.82B	13.22B	14.82B	17.55B	25.45B	30.31B	45.80B	52.94B	59.43B	64.70B	69.60B	98.55B	112.69B	119.69B	157.76B	168.96B	185.60B	199.33B	215.29B
Common equity, total	6.85B	7.82B	13.22B	14.82B	17.55B	25.45B	30.31B	45.80B	52.94B	59.43B	64.70B	69.60B	98.55B	112.69B	119.69B	157.76B	168.96B	185.60B	199.33B	215.29B
Other common equity	2.59B	3.51B	4.81B	6.39B	9.09B	12.81B	7.20B	9.95B	12.94B	15.62B	18.03B	19.71B	23.08B	30.37B	31.01B	31.08B	33.45B	37.26B	41.36B	47.14B
Total debt	38.98B	49.38B	50.73B	51.48B	61.00B	90.36B	133.75B	203.22B	253.61B	246.49B	293.93B	363.80B	419.34B	531.71B	571.02B	559.75B	540.79B	764.51B	916.40B	1.08T
Net debt	37.67B	46.54B	48.57B	48.69B	58.56B	87.13B	128.14B	197.38B	244.47B	240.61B	282.37B	351.96B	414.56B	521.77B	555.70B	519.92B	493.62B	724.91B	883.20B	1.03T
Change in accounts receivable	-19.93B	-19.03B	-14.88B	-11.06B	-23.78B	-46.71B	-70.71B	-86.04B	-77.59B	-4.00B	-8.68M	48.31M	-587.67M	-371.25M	-346.46M	-462.30M	-203.10M	-221.50M	-714.10M	-683.00M
Change in taxes payable	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	0	0	-1.00K	0	—	—	—	—	—	—	0	0	3.35B	21.52M	-3.60B	713.80M	3.61B	1.32B	4.15B	-1.92B
Change in other assets/liabilities	666.03M	1.64B	210.42M	379.49M	601.86M	1.88B	1.85B	4.42B	2.59B	-45.10B	-64.42B	-80.86B	-339.72M	3.86B	1.78B	3.27B	2.13B	-1.70B	-1.69B	-1.59B
Sale of fixed assets & businesses	6.58M	3.85M	5.61M	6.72M	14.84M	7.16M	7.79M	6.92M	31.54M	60.32M	23.68M	11.86M	16.73M	21.34M	21.70M	250.60M	65.80M	147.50M	527.80M	691.00M
Purchase/sale of investments, net	-2.61B	2.71B	148.53M	-976.22M	-1.13B	-3.75B	1.42B	-1.86B	-4.54B	316.98M	-4.36B	-1.07B	303.31M	-9.29B	-27.65B	-87.01B	28.47B	-20.26B	24.00B	-15.54B
Sale/maturity of investments	53.24M	2.73B	263.89M	95.42M	980.93M	2.20B	5.39B	3.56B	18.85B	27.48B	19.10B	53.63B	70.42B	343.01B	773.58B	707.06B	156.00B	61.85B	96.14B	217.40B
Purchase of investments	-2.67B	-13.43M	-115.36M	-1.07B	-2.12B	-5.95B	-3.97B	-5.42B	-23.40B	-27.16B	-23.46B	-54.71B	-70.11B	-352.31B	-801.23B	-794.06B	-127.53B	-82.11B	-72.15B	-232.94B
Other investing cash flow items, total	0	0	0	0	0	0	0	0	458.00K	24.00K	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	14.44B	9.83B	1.80B	1.89B	12.67B	32.41B	20.79B	24.11B	9.45B	47.16B	58.70B	69.68B	74.11B	112.13B	34.71B	-10.40B	-18.78B	222.24B	152.31B	147.95B
Issuance/retirement of long term debt	10.69B	7.42B	1.99B	-10.06B	-1.29B	30.55B	22.31B	24.84B	11.31B	13.31B	58.57B	51.60B	67.46B	—	—	—	—	—	—	—
Issuance/retirement of short term debt	3.75B	2.41B	-189.00M	11.95B	13.96B	1.86B	-1.51B	-723.79M	-1.86B	33.85B	133.44M	18.09B	-3.73B	-220.55M	-2.26B	0	0	1.70B	-1.70B	0
Issuance/retirement of other debt	—	0	—	—	—	—	0	0	0	0	0	—	77.83B	112.35B	36.97B	-10.40B	-18.78B	220.54B	154.01B	147.95B
Total cash dividends paid	-287.01M	-389.17M	-207.18M	-510.17M	-624.39M	-857.73M	-1.24B	-1.88B	-2.44B	-2.62B	-2.86B	-2.89B	-1.84B	-3.22B	-5.17B	0	-991.90M	-4.44B	-7.40B	-7.78B
Other financing cash flow items, total	4.95B	5.62B	7.48B	8.34B	9.71B	10.89B	15.55B	25.69B	28.38B	8.90B	9.95B	702.87M	-11.34B	25.98B	31.44B	5.73B	-11.41B	-28.59B	17.09B	37.03B

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	—	—	—	—	—	—	—
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	306.86M	469.29M	458.97M	395.40M	450.20M	433.20M	561.10M	652.30M
Total assets	49.06B	62.84B	69.11B	72.89B	89.88B	137.22B	194.21B	270.71B	340.58B	386.45B	450.28B	532.54B	587.86B	746.93B	819.19B	858.20B	840.29B	1.05T	1.24T	1.44T
Total current assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and short term investments	1.31B	2.84B	2.16B	2.79B	2.44B	3.24B	5.61B	5.84B	9.13B	5.88B	11.56B	11.84B	4.78B	9.94B	15.32B	39.83B	47.17B	39.61B	33.20B	56.75B
Cash & equivalents	947.99M	1.07B	1.32B	1.38B	1.45B	1.84B	1.81B	2.55B	2.35B	2.06B	2.40B	4.42B	3.39B	5.38B	7.83B	8.09B	7.66B	5.87B	9.04B	18.29B
Short term investments	360.90M	1.77B	843.90M	1.41B	990.85M	1.39B	3.80B	3.29B	6.78B	3.82B	9.16B	7.61B	1.38B	4.56B	7.48B	31.73B	39.51B	33.74B	24.16B	38.47B
Total receivables, net	44.27B	58.61B	66.29B	68.48B	84.54B	126.19B	80.73B	1.49B	3.28B	3.13B	3.46B	1.02B	830.15M	787.14M	1.23B	2.32B	1.75B	3.32B	4.51B	5.28B
Accounts receivable - trade, net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets, total	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-current assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long term investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable - long term	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated subsidiaries	—	—	—	—	—	0	—	0	0	0	0	0	3.28B	4.09B	5.38B	8.38B	8.55B	9.53B	10.19B	11.06B
Other investments	3.16B	263.64M	95.36M	971.63M	2.03B	6.25B	1.47B	4.13B	5.15B	7.86B	6.86B	9.36B	21.25B	30.81B	53.07B	115.03B	79.75B	103.92B	92.15B	95.54B
Net property/plant/equipment	230.13M	276.04M	314.25M	363.08M	472.51M	825.04M	1.02B	1.12B	1.24B	1.17B	1.23B	1.34B	1.43B	1.77B	4.50B	3.91B	5.99B	10.80B	10.68B	11.10B
Gross property/plant/equipment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets	—	744.25M	1.25B	1.79B	2.07B	2.18B	2.04B	2.43B	3.26B	4.33B	6.19B	7.88B	7.74B	5.66B	7.05B	11.64B	11.71B	9.50B	9.79B	10.13B
Net intangible assets	12.27M	7.76M	13.92M	17.99M	13.84M	15.21M	9.99M	15.44M	49.81M	47.01M	55.94M	46.60M	97.15M	340.58M	281.59M	211.90M	563.10M	181.40M	1.30B	2.45B
Goodwill, net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other intangibles, net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long term assets, total	45.21M	94.09M	80.95M	65.96M	83.67M	215.35M	7.06B	1.78B	1.01B	1.25B	1.92B	1.97B	2.67B	3.78B	3.69B	5.69B	7.50B	10.74B	12.78B	14.39B
Short term debt	4.46B	7.91B	7.36B	41.21B	19.75B	31.91B	45.28B	65.06B	71.07B	110.01B	119.31B	136.62B	155.88B	198.95B	195.69B	188.79B	177.27B	278.68B	301.25B	377.32B
Current portion of LT debt and capital leases	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short term debt excl. current portion of LT debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long term debt	34.52B	41.47B	43.38B	10.27B	41.25B	58.46B	88.47B	138.15B	182.54B	136.48B	174.63B	227.18B	263.46B	332.76B	375.33B	370.95B	363.52B	485.84B	615.14B	704.92B
Long term debt excl. lease liabilities	34.52B	41.47B	43.38B	10.27B	41.25B	58.46B	88.47B	138.15B	182.54B	136.48B	174.63B	227.18B	263.46B	332.76B	375.33B	370.95B	363.52B	485.84B	615.14B	704.92B
Total equity	7.35B	7.82B	13.22B	14.84B	17.57B	25.50B	30.39B	46.03B	53.30B	59.92B	65.38B	70.60B	100.00B	113.48B	120.59B	158.76B	170.38B	187.01B	199.75B	215.73B
Shareholders' equity	7.35B	7.82B	13.22B	14.82B	17.55B	25.45B	30.31B	45.80B	52.94B	59.43B	64.70B	69.60B	98.55B	112.69B	119.69B	157.76B	168.96B	185.60B	199.33B	215.29B
Common equity, total	6.85B	7.82B	13.22B	14.82B	17.55B	25.45B	30.31B	45.80B	52.94B	59.43B	64.70B	69.60B	98.55B	112.69B	119.69B	157.76B	168.96B	185.60B	199.33B	215.29B
Other common equity	2.59B	3.51B	4.81B	6.39B	9.09B	12.81B	7.20B	9.95B	12.94B	15.62B	18.03B	19.71B	23.08B	30.37B	31.01B	31.08B	33.45B	37.26B	41.36B	47.14B
Total debt	38.98B	49.38B	50.73B	51.48B	61.00B	90.36B	133.75B	203.22B	253.61B	246.49B	293.93B	363.80B	419.34B	531.71B	571.02B	559.75B	540.79B	764.51B	916.40B	1.08T
Net debt	37.67B	46.54B	48.57B	48.69B	58.56B	87.13B	128.14B	197.38B	244.47B	240.61B	282.37B	351.96B	414.56B	521.77B	555.70B	519.92B	493.62B	724.91B	883.20B	1.03T
Change in accounts receivable	-19.93B	-19.03B	-14.88B	-11.06B	-23.78B	-46.71B	-70.71B	-86.04B	-77.59B	-4.00B	-8.68M	48.31M	-587.67M	-371.25M	-346.46M	-462.30M	-203.10M	-221.50M	-714.10M	-683.00M
Change in taxes payable	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	0	0	-1.00K	0	—	—	—	—	—	—	0	0	3.35B	21.52M	-3.60B	713.80M	3.61B	1.32B	4.15B	-1.92B
Change in other assets/liabilities	666.03M	1.64B	210.42M	379.49M	601.86M	1.88B	1.85B	4.42B	2.59B	-45.10B	-64.42B	-80.86B	-339.72M	3.86B	1.78B	3.27B	2.13B	-1.70B	-1.69B	-1.59B
Sale of fixed assets & businesses	6.58M	3.85M	5.61M	6.72M	14.84M	7.16M	7.79M	6.92M	31.54M	60.32M	23.68M	11.86M	16.73M	21.34M	21.70M	250.60M	65.80M	147.50M	527.80M	691.00M
Purchase/sale of investments, net	-2.61B	2.71B	148.53M	-976.22M	-1.13B	-3.75B	1.42B	-1.86B	-4.54B	316.98M	-4.36B	-1.07B	303.31M	-9.29B	-27.65B	-87.01B	28.47B	-20.26B	24.00B	-15.54B
Sale/maturity of investments	53.24M	2.73B	263.89M	95.42M	980.93M	2.20B	5.39B	3.56B	18.85B	27.48B	19.10B	53.63B	70.42B	343.01B	773.58B	707.06B	156.00B	61.85B	96.14B	217.40B
Purchase of investments	-2.67B	-13.43M	-115.36M	-1.07B	-2.12B	-5.95B	-3.97B	-5.42B	-23.40B	-27.16B	-23.46B	-54.71B	-70.11B	-352.31B	-801.23B	-794.06B	-127.53B	-82.11B	-72.15B	-232.94B
Other investing cash flow items, total	0	0	0	0	0	0	0	0	458.00K	24.00K	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	14.44B	9.83B	1.80B	1.89B	12.67B	32.41B	20.79B	24.11B	9.45B	47.16B	58.70B	69.68B	74.11B	112.13B	34.71B	-10.40B	-18.78B	222.24B	152.31B	147.95B
Issuance/retirement of long term debt	10.69B	7.42B	1.99B	-10.06B	-1.29B	30.55B	22.31B	24.84B	11.31B	13.31B	58.57B	51.60B	67.46B	—	—	—	—	—	—	—
Issuance/retirement of short term debt	3.75B	2.41B	-189.00M	11.95B	13.96B	1.86B	-1.51B	-723.79M	-1.86B	33.85B	133.44M	18.09B	-3.73B	-220.55M	-2.26B	0	0	1.70B	-1.70B	0
Issuance/retirement of other debt	—	0	—	—	—	—	0	0	0	0	0	—	77.83B	112.35B	36.97B	-10.40B	-18.78B	220.54B	154.01B	147.95B
Total cash dividends paid	-287.01M	-389.17M	-207.18M	-510.17M	-624.39M	-857.73M	-1.24B	-1.88B	-2.44B	-2.62B	-2.86B	-2.89B	-1.84B	-3.22B	-5.17B	0	-991.90M	-4.44B	-7.40B	-7.78B
Other financing cash flow items, total	4.95B	5.62B	7.48B	8.34B	9.71B	10.89B	15.55B	25.69B	28.38B	8.90B	9.95B	702.87M	-11.34B	25.98B	31.44B	5.73B	-11.41B	-28.59B	17.09B	37.03B