Mahindra and Mahindra Financial Services Ltd
BSE:532720

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Mahindra and Mahindra Financial Services Ltd Logo
Mahindra and Mahindra Financial Services Ltd
BSE:532720
Watchlist
Price: 347 INR -2.32% Market Closed
Market Cap: 428.3B INR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+68%
5Y
+61%
10Y
+215%
Operating Income
+
3Y
+34%
5Y
+23%
10Y
+361%
Net Income
+
3Y
+5%
5Y
+66%
10Y
+213%

Earnings Waterfall
Mahindra and Mahindra Financial Services Ltd

Revenue
197B INR
Cost of Revenue
-100B INR
Gross Profit
97B INR
Operating Expenses
-42.6B INR
Operating Income
54.3B INR
Other Expenses
-29.6B INR
Net Income
24.7B INR

Income Statement
Mahindra and Mahindra Financial Services Ltd

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Income Statement
Currency: INR
Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
202
0
0
0
198
0
0
0
193
0
0
0
302
0
0
0
361
0
0
0
400
0
0
Revenue
8 368
N/A
9 221
+10%
10 166
+10%
11 219
+10%
12 164
+8%
12 686
+4%
13 096
+3%
13 458
+3%
13 910
+3%
14 102
+1%
14 384
+2%
14 826
+3%
15 733
+6%
16 383
+4%
17 648
+8%
19 027
+8%
20 256
+6%
21 960
+8%
23 756
+8%
25 997
+9%
28 894
+11%
31 971
+11%
35 013
+10%
37 947
+8%
40 950
+8%
43 768
+7%
46 930
+7%
49 943
+6%
52 752
+6%
54 874
+4%
56 692
+3%
58 225
+3%
60 211
+3%
61 491
+2%
62 604
+2%
63 322
+1%
65 539
+4%
66 171
+1%
67 588
+2%
69 097
+2%
71 462
+3%
74 528
+4%
77 114
+3%
81 593
+6%
78 839
-3%
83 021
+5%
88 308
+6%
93 399
+6%
103 717
+11%
109 014
+5%
113 075
+4%
116 620
+3%
118 830
+2%
121 177
+2%
122 388
+1%
121 507
-1%
120 503
-1%
115 432
-4%
114 368
-1%
114 531
+0%
113 176
-1%
116 702
+3%
117 524
+1%
121 019
+3%
126 995
+5%
133 806
+5%
142 029
+6%
149 792
+5%
157 969
+5%
165 292
+5%
171 611
+4%
178 578
+4%
184 612
+3%
191 363
+4%
196 973
+3%
Gross Profit
Cost of Revenue
(3 532)
(3 596)
(3 929)
(4 336)
(4 860)
(4 631)
(4 861)
(5 013)
(5 309)
(5 216)
(5 108)
(5 056)
(5 300)
(5 144)
(5 469)
(5 935)
(7 225)
(7 519)
(8 615)
(9 982)
(12 180)
(12 801)
(14 189)
(15 457)
(17 908)
(18 067)
(19 529)
(21 206)
(24 284)
(24 123)
(25 159)
(25 895)
(28 057)
(27 097)
(27 680)
(28 104)
(30 409)
(29 395)
(30 193)
(31 197)
(34 117)
(32 504)
(33 161)
(33 590)
(35 041)
(36 583)
(38 928)
(42 094)
(45 620)
(48 777)
(51 608)
(53 566)
(54 953)
(56 274)
(56 531)
(56 149)
(53 926)
(51 762)
(49 568)
(47 238)
(45 542)
(45 005)
(45 740)
(49 075)
(53 494)
(59 917)
(66 794)
(72 856)
(77 910)
(83 153)
(86 602)
(90 759)
(94 207)
(98 171)
(100 023)
Gross Profit
4 836
N/A
5 626
+16%
6 236
+11%
6 883
+10%
7 304
+6%
8 055
+10%
8 236
+2%
8 446
+3%
8 601
+2%
8 887
+3%
9 277
+4%
9 770
+5%
10 433
+7%
11 238
+8%
12 178
+8%
13 091
+7%
13 031
0%
14 442
+11%
15 142
+5%
16 016
+6%
16 714
+4%
19 170
+15%
20 823
+9%
22 489
+8%
23 042
+2%
25 700
+12%
27 401
+7%
28 737
+5%
28 468
-1%
30 751
+8%
31 533
+3%
32 330
+3%
32 154
-1%
34 394
+7%
34 924
+2%
35 218
+1%
35 130
0%
36 776
+5%
37 395
+2%
37 900
+1%
37 345
-1%
42 024
+13%
43 952
+5%
48 002
+9%
43 797
-9%
46 437
+6%
49 380
+6%
51 305
+4%
58 097
+13%
60 236
+4%
61 466
+2%
63 053
+3%
63 877
+1%
64 903
+2%
65 857
+1%
65 358
-1%
66 577
+2%
63 671
-4%
64 800
+2%
67 293
+4%
67 634
+1%
71 697
+6%
71 785
+0%
71 944
+0%
73 502
+2%
73 889
+1%
75 235
+2%
76 936
+2%
80 059
+4%
82 139
+3%
85 009
+3%
87 819
+3%
90 405
+3%
93 192
+3%
96 951
+4%
Operating Income
Operating Expenses
(2 873)
(3 632)
(4 169)
(4 575)
(4 718)
(5 359)
(5 563)
(5 716)
(5 351)
(5 563)
(5 494)
(5 272)
(5 255)
(5 630)
(5 779)
(6 299)
(5 684)
(6 704)
(7 155)
(7 507)
(7 310)
(8 741)
(9 583)
(10 387)
(10 000)
(12 141)
(12 833)
(14 583)
(14 106)
(16 892)
(17 866)
(19 065)
(18 553)
(21 715)
(23 149)
(24 315)
(23 324)
(24 982)
(26 345)
(28 191)
(29 512)
(35 004)
(36 946)
(35 944)
(18 571)
(13 894)
(9 907)
(8 147)
(23 579)
(25 755)
(26 871)
(27 326)
(34 958)
(23 372)
(21 752)
(20 243)
(45 827)
(21 912)
(23 158)
(24 844)
(54 302)
(29 045)
(31 305)
(32 998)
(60 599)
(35 183)
(35 689)
(36 447)
(55 822)
(37 501)
(37 899)
(38 841)
(57 151)
(41 433)
(42 637)
Selling, General & Administrative
(1 602)
(706)
(824)
(925)
(2 167)
(1 125)
(1 188)
(1 247)
(2 432)
(1 387)
(1 440)
(1 437)
(2 936)
(1 707)
(1 850)
(2 038)
(4 143)
(2 510)
(2 735)
(2 993)
(5 507)
(3 264)
(3 478)
(3 639)
(6 882)
(4 013)
(4 242)
(4 550)
(11 072)
(5 143)
(5 363)
(5 599)
(14 487)
(5 937)
(6 209)
(6 466)
(17 084)
(7 552)
(8 076)
(8 477)
(23 712)
(9 349)
(9 720)
(10 467)
(16 559)
(12 228)
(13 013)
(13 848)
(21 240)
(16 057)
(16 819)
(17 127)
(31 173)
(14 364)
(13 733)
(13 073)
(42 933)
(14 500)
(14 811)
(15 597)
(50 371)
(17 236)
(18 477)
(19 673)
(55 634)
(21 983)
(22 680)
(23 006)
(50 290)
(22 946)
(22 767)
(23 069)
(49 622)
(23 975)
(24 419)
Depreciation & Amortization
(74)
(81)
(88)
(95)
(88)
(89)
(86)
(85)
(88)
(90)
(93)
(98)
(101)
(107)
(120)
(133)
(161)
(177)
(193)
(209)
(203)
(213)
(221)
(226)
(237)
(248)
(252)
(254)
(261)
(317)
(364)
(411)
(455)
(441)
(442)
(449)
(457)
(471)
(485)
(500)
(537)
(549)
(553)
(559)
(552)
(580)
(636)
(693)
(755)
(1 008)
(1 255)
(1 492)
(1 469)
(1 433)
(1 397)
(1 330)
(1 505)
(1 455)
(1 401)
(1 389)
(1 520)
(1 626)
(1 830)
(2 106)
(2 260)
(2 490)
(2 615)
(2 677)
(2 749)
(2 843)
(2 959)
(3 089)
(3 212)
(3 313)
(3 465)
Other Operating Expenses
(1 196)
(2 845)
(3 257)
(3 555)
(2 463)
(4 146)
(4 290)
(4 385)
(2 831)
(4 085)
(3 961)
(3 737)
(2 218)
(3 818)
(3 809)
(4 128)
(1 379)
(4 016)
(4 228)
(4 306)
(1 600)
(5 266)
(5 884)
(6 522)
(2 882)
(7 880)
(8 339)
(9 779)
(2 773)
(11 433)
(12 140)
(13 055)
(3 611)
(15 337)
(16 499)
(17 402)
(5 784)
(16 961)
(17 785)
(19 215)
(5 263)
(25 106)
(26 673)
(24 917)
(1 460)
(1 086)
3 741
6 392
(1 584)
(8 690)
(8 797)
(8 706)
(2 316)
(7 573)
(6 622)
(5 838)
(1 389)
(5 958)
(6 948)
(7 859)
(2 410)
(10 183)
(10 999)
(11 218)
(2 705)
(10 710)
(10 394)
(10 765)
(2 784)
(11 712)
(12 173)
(12 683)
(4 317)
(14 145)
(14 753)
Operating Income
1 964
N/A
1 994
+2%
2 069
+4%
2 310
+12%
2 586
+12%
2 698
+4%
2 674
-1%
2 730
+2%
3 250
+19%
3 323
+2%
3 782
+14%
4 498
+19%
5 178
+15%
5 609
+8%
6 400
+14%
6 793
+6%
7 348
+8%
7 737
+5%
7 986
+3%
8 508
+7%
9 404
+11%
10 429
+11%
11 241
+8%
12 103
+8%
13 042
+8%
13 560
+4%
14 568
+7%
14 154
-3%
14 362
+1%
13 858
-4%
13 666
-1%
13 264
-3%
13 602
+3%
12 678
-7%
11 774
-7%
10 902
-7%
11 805
+8%
11 794
0%
11 051
-6%
9 709
-12%
7 833
-19%
7 020
-10%
7 006
0%
12 059
+72%
25 227
+109%
32 545
+29%
39 473
+21%
43 158
+9%
34 518
-20%
34 481
0%
34 595
+0%
35 728
+3%
28 919
-19%
41 532
+44%
44 107
+6%
45 115
+2%
20 750
-54%
41 758
+101%
41 641
0%
42 449
+2%
13 332
-69%
42 652
+220%
40 479
-5%
38 946
-4%
12 903
-67%
38 707
+200%
39 546
+2%
40 489
+2%
24 237
-40%
44 638
+84%
47 110
+6%
48 978
+4%
33 255
-32%
51 760
+56%
54 314
+5%
Pre-Tax Income
Interest Income Expense
0
0
0
0
0
0
0
0
45
0
0
0
151
0
0
0
27
0
0
0
78
0
0
0
24
0
0
0
7
0
0
0
55
0
0
0
16
0
0
0
39
0
0
507
318
440
571
147
458
463
447
493
767
2 746
2 507
2 622
3 148
430
874
736
751
604
(159)
(191)
(429)
(107)
477
531
211
614
617
648
268
682
693
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
305
305
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(6 769)
(10 223)
(12 645)
(15 095)
(7 171)
(10 486)
(12 064)
(13 816)
(14 291)
(25 909)
(28 567)
(39 105)
(15 094)
(60 553)
(50 739)
(34 702)
870
(3 938)
(9 170)
(12 288)
14 235
(10 666)
(15 054)
(16 702)
(290)
(19 175)
(20 092)
(17 583)
(3 931)
(22 259)
(22 558)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
1
0
0
0
2
0
0
0
1
0
0
0
3
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
10
0
0
0
1
0
0
0
5
0
0
0
8
0
0
0
7
0
0
0
4
0
0
0
16
0
0
0
33
0
0
0
70
0
0
0
43
0
0
Total Other Income
104
126
148
164
203
201
184
167
49
224
279
317
71
341
328
335
102
107
51
41
129
181
223
204
156
208
197
196
246
269
293
344
341
402
413
406
409
462
584
631
504
553
411
402
267
259
333
343
594
664
751
965
619
1 090
1 219
1 217
533
1 255
1 120
884
525
774
739
916
1 295
1 748
1 866
1 945
1 654
1 592
1 430
1 088
634
508
600
Pre-Tax Income
2 068
N/A
2 120
+3%
2 217
+5%
2 474
+12%
2 788
+13%
2 899
+4%
2 858
-1%
2 898
+1%
3 344
+15%
3 548
+6%
4 062
+14%
4 814
+19%
5 401
+12%
5 949
+10%
6 727
+13%
7 128
+6%
7 477
+5%
7 843
+5%
8 036
+2%
8 548
+6%
9 613
+12%
10 610
+10%
11 464
+8%
12 307
+7%
13 527
+10%
14 074
+4%
14 766
+5%
14 351
-3%
14 615
+2%
14 127
-3%
13 959
-1%
13 608
-3%
13 999
+3%
13 080
-7%
12 188
-7%
11 309
-7%
12 241
+8%
12 258
+0%
11 636
-5%
10 341
-11%
8 378
-19%
7 574
-10%
7 418
-2%
12 969
+75%
19 048
+47%
23 022
+21%
27 733
+20%
28 555
+3%
28 408
-1%
25 123
-12%
23 730
-6%
23 370
-2%
16 020
-31%
19 459
+21%
19 266
-1%
9 849
-49%
9 341
-5%
(17 110)
N/A
(7 104)
+58%
9 367
N/A
15 494
+65%
40 092
+159%
31 890
-20%
27 383
-14%
28 038
+2%
29 681
+6%
26 835
-10%
26 263
-2%
25 882
-1%
27 669
+7%
29 065
+5%
33 132
+14%
30 269
-9%
30 690
+1%
33 048
+8%
Net Income
Tax Provision
(720)
(753)
(773)
(870)
(977)
(1 026)
(1 017)
(1 032)
(1 147)
(1 203)
(1 357)
(1 576)
(1 824)
(2 003)
(2 263)
(2 407)
(2 541)
(2 651)
(2 712)
(2 873)
(3 168)
(3 497)
(3 789)
(4 060)
(4 238)
(4 461)
(4 730)
(4 635)
(4 968)
(4 811)
(4 776)
(4 678)
(4 750)
(4 448)
(4 179)
(3 890)
(4 367)
(4 378)
(4 177)
(3 728)
(3 081)
(2 770)
(2 727)
(4 726)
(6 885)
(8 244)
(9 668)
(10 107)
(9 735)
(8 588)
(7 657)
(6 643)
(3 946)
(4 148)
(4 318)
(1 882)
(1 539)
4 858
2 357
(1 959)
(4 080)
(10 546)
(8 452)
(7 225)
(7 327)
(7 746)
(6 947)
(6 790)
(6 451)
(6 890)
(7 259)
(8 379)
(7 660)
(7 762)
(8 359)
Income from Continuing Operations
1 347
1 367
1 444
1 604
1 811
1 873
1 841
1 866
2 197
2 346
2 705
3 238
3 578
3 945
4 464
4 721
4 937
5 193
5 324
5 675
6 445
7 113
7 676
8 248
9 289
9 613
10 036
9 716
9 648
9 316
9 182
8 929
9 249
8 631
8 009
7 419
7 874
7 878
7 457
6 611
5 297
4 804
4 691
8 244
12 163
14 779
18 066
18 447
18 673
16 535
16 073
16 728
12 075
15 311
14 948
7 967
7 803
(12 253)
(4 749)
7 406
11 414
29 546
23 437
20 158
20 711
21 936
19 888
19 473
19 431
20 778
21 806
24 753
22 609
22 928
24 689
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
(1)
(3)
(4)
(7)
(9)
(9)
(9)
(9)
(10)
(10)
(12)
(14)
(17)
(19)
(31)
(54)
(72)
(104)
(107)
(105)
(108)
(120)
(123)
(123)
(136)
(151)
(153)
(162)
(164)
(181)
(179)
(200)
(220)
(311)
(351)
(386)
(427)
(400)
(348)
(279)
(207)
(107)
(99)
(89)
(87)
(71)
(70)
(90)
(112)
(135)
(138)
(123)
(99)
12
(17)
(62)
(37)
(104)
(62)
(6)
(3)
10
(7)
(17)
Net Income (Common)
1 338
N/A
1 367
+2%
1 444
+6%
1 604
+11%
1 811
+13%
1 873
+3%
1 841
-2%
1 866
+1%
2 197
+18%
2 344
+7%
2 703
+15%
3 219
+19%
3 558
+11%
3 924
+10%
4 439
+13%
4 710
+6%
4 928
+5%
5 183
+5%
5 316
+3%
5 666
+7%
6 435
+14%
7 102
+10%
7 662
+8%
8 231
+7%
9 270
+13%
9 582
+3%
9 982
+4%
9 644
-3%
9 544
-1%
9 209
-4%
9 078
-1%
8 822
-3%
9 129
+3%
8 509
-7%
7 886
-7%
7 282
-8%
7 723
+6%
7 724
+0%
7 293
-6%
6 446
-12%
5 116
-21%
4 623
-10%
4 490
-3%
8 022
+79%
11 852
+48%
14 427
+22%
17 679
+23%
18 021
+2%
18 273
+1%
16 186
-11%
14 542
-10%
15 267
+5%
10 751
-30%
13 996
+30%
14 894
+6%
7 916
-47%
7 732
-2%
(12 323)
N/A
(4 838)
+61%
7 294
N/A
11 369
+56%
29 499
+159%
23 405
-21%
20 149
-14%
20 724
+3%
21 918
+6%
19 825
-10%
19 437
-2%
19 327
-1%
20 717
+7%
21 800
+5%
24 750
+14%
22 619
-9%
22 921
+1%
24 671
+8%
EPS (Diluted)
1.9
N/A
1.93
+2%
2.04
+6%
2.27
+11%
2.28
+0%
2.35
+3%
2.31
-2%
2.34
+1%
2.76
+18%
2.94
+7%
3.39
+15%
4.04
+19%
4.48
+11%
4.93
+10%
5.58
+13%
5.92
+6%
5.78
-2%
6.07
+5%
6.23
+3%
6.64
+7%
7.54
+14%
8.33
+10%
8.99
+8%
9.21
+2%
10.5
+14%
10.27
-2%
10.71
+4%
10.34
-3%
10.23
-1%
9.88
-3%
9.74
-1%
9.46
-3%
9.79
+3%
9.12
-7%
8.45
-7%
7.83
-7%
8.28
+6%
8.28
N/A
7.83
-5%
7.03
-10%
5.49
-22%
4.99
-9%
4.85
-3%
8.52
+76%
12.42
+46%
14.28
+15%
17.52
+23%
17.8
+2%
18.09
+2%
16.02
-11%
14.38
-10%
15.11
+5%
10.63
-30%
13.85
+30%
11.46
-17%
6.44
-44%
6.98
+8%
-9.99
N/A
-3.91
+61%
5.91
N/A
9.21
+56%
23.91
+160%
18.94
-21%
16.29
-14%
16.34
+0%
17.74
+9%
16.01
-10%
15.73
-2%
15.23
-3%
16.73
+10%
17.1
+2%
19.47
+14%
17.82
-8%
17.62
-1%
17.74
+1%

See Also

Summary
M&MFIN intrinsic value, competitors valuation, and company profile.
DCF Valuation
M&MFIN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
M&MFIN stock valuation using valuation multiples.
Wall Street Estimates
M&MFIN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
M&MFIN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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