1. M&M Financial Services
stock logo

53% Buy

M&M Financial Services Share Price

M&MFIN

₹290.70+₹6.65 (2.34%) TodayLast updated on 11 Jun, 2024 | 03:58 PM IST
₹284.00₹292.15
L
Show Current Price
H
  • News

  • Company overview

  • Fundamentals

  • Events

  • F&O (Option chain)

  • More

Company overview

Financial performance

arrow

Market cap

Market Cap Switch₹35,063 Crs

Open

₹284.00

Close

₹284.05

Circuit range

₹312.45 - ₹255.65

Day range

₹284.00 - ₹292.15

Year range

₹237.35 - ₹346.55

Volume

29,81,757

Avg. traded

₹289.39

Revenue (12m)

₹15,797 Crs

M&M Financial Services

Mahindra and Mahindra Financial Services Limited is a non-banking finance company (NBFC). It was established in 1991 and operates as a rural and semi-rural NBFC based in Mumbai.

M&M Finance is a subsidiary of the Mahindra Group. The company was incorporated as Maxi Motors Financial Services Limited in 1991. It received its certificate of business commencement the same year. In 1992, the company changed its name to Mahindra and Mahindra Financial Services Limited in 1992.

As on March 31, 2023, the promoters hold 52% shares in the company whereas FIIs, DIIs, and Public hold 15%, 25%, and 8% shares respectively.

The market capitalisation of the company is over ₹33,300 crore as of January 11, 2024. M&M Finance share price has gained over 45% in the last three years.

Business operations

M&M Finance has business operations in over 380,000 villages in India and more than 7,000 towns fall within its reach. It has a customer base exceeding 9 million in India.

The company has a diverse product portfolio. It offers various services including vehicle loans for utility vehicles, commercial vehicles, tractors, cars, two-wheelers and used vehicles. It also provides refinancing, housing finance, SME financing, personal loans, fixed deposits, mutual fund distribution, insurance broking, loans against gold and construction equipment loans.

M&M Finance also offers pre-owned vehicle financing for cars, commercial vehicles and tractors. The company's insurance broking segment provides insurance solutions to both retail customers and corporations through its subsidiary, Mahindra Insurance Brokers Limited.

The company offers its services to customers in the United States for buying Mahindra Group products through Mahindra Finance USA LLC. It also provides international services through its subsidiary Mahindra Ideal Finance Limited in Sri Lanka.

M&M Finance established a partnership with Singapore's Manulife Investment Management to venture into the mutual fund business in 2020. It also joined forces with Ideal Finance Limited to extend its financial services into Sri Lanka in the same year.

M&M Finance has a network of 600 branches across India. It operates through 1,386 regular branches in India and 527 smart branches. The smart branches are designed with minimal infrastructure and a smaller staff size compared to the regular branches. The company operates in multiple markets with a presence in 27 states domestically, along with 7 Union Territories. Its international presence extends to 2 countries.

The company has many subsidiaries which include Mahindra Insurance Brokers Limited (MIBL) and Mahindra Rural Housing Finance Limited (MRHFL). MIBL provides 3,600 insurance solutions and on the other hand, MRHFL is India’s largest rural housing finance company.

Financial highlights

– M&M Finance’s revenue from operations for FY23 stood at ₹12,699.5 crore, up by 12.2% compared to ₹11,317.6 crore in FY22. – The net profit after tax for FY23 was ₹2,071 crore compared to ₹1,150 crore during the previous year. – The company's earnings per share (EPS) stood at ₹16.81 in FY23 compared to ₹9.23 in the previous financial year.

M&M Financial Services Key indicators

arrow

52 week high

₹346.55

52 week low

₹237.35

P/E ratio

18.17

P/B ratio

1.76

ROE

12.15%

ROCE

8.9%

Dividend yield

2.22%

Debt/Equity ratio

4.39

EPS

16.09

Learn more

Investment checklist: (1/6)

arrow
check status

Equity returns

check status

Dividend returns

check status

Safety factor

check status

Growth factor

check status

Debt vs Equity

check status

Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

arrow

Buy

53%

Hold

28%

Sell

19%

This analysis is based on the reviews of 32 experts in the last 7 days

Fundamentals

Financial ratios

arrow
  • Profitability

  • Operational

  • Valuation

Operating profit margin

68.78%

Net profit margin

18.16%

ROE

12.15%

ROA

2.33%

ROCE

8.9%

Learn more

M&M Financial Services Shareholder returns

arrow

1 day

+0.57%

1 week

+3.93%

1 month

+13.37%

3 months

-1.01%

1 year

+0.23%

3 years

+66.45%

5 years

+11.56%

M&M Financial Services Share Price history

arrow
DayOpenCloseDay’s change
Mon, Jun 10 2024
₹285.00
₹284.05
+0.57%
Fri, Jun 7 2024
₹277.55
₹282.45
+1.55%
Thu, Jun 6 2024
₹275.00
₹278.15
+1.40%
Wed, Jun 5 2024
₹263.00
₹274.30
+5.70%
Tue, Jun 4 2024
₹275.00
₹259.50
-5.05%
Mon, Jun 3 2024
₹273.00
₹273.30
+2.13%
Fri, May 31 2024
₹263.15
₹267.60
+1.69%
Thu, May 30 2024
₹267.65
₹263.15
-1.97%

Shareholding info

arrow

Promoters (52.16%)

Mutual Funds (15%)

Retail and other (7.27%)

Foreign institutions-FII (11.95%)

Other domestic institutions (13.62%)

Promoters

Learn more

Events

Corporate actions

arrow
  • Dividend • ₹6/share

    Ex date 21 Jul 2023

    expand tab
  • Dividend • ₹3.6/share

    Ex date 20 Jul 2022

    expand tab
  • Dividend • ₹6.3/share

    Ex date

    expand tab

Learn more

Frequently asked questions