1. MARKETS
  2. SECTOR : BANKING AND FINANCE
  3. INDUSTRY : FINANCE (INCLUDING NBFCS)
  4. MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.
Mahindra & Mahindra Financial Services Ltd.
NSE: M&MFIN | BSE: 532720

M&M Financial Live Share Price Today, Share Analysis and Chart

Slowing Down Stock
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aboutMahindra & Mahindra Financial Services Limited (MMFSL) is a major Indian non-banking finance company (NBFC) specializing in the rural and semi-urban retail finance markets. As a subsidiary of Mahindra & Mahindra Limited, the company serves as a criti... Read More
AUM GrowthCost of Borrowing
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262.550.80(0.31%)

New 52W Low in past week

3.2M
NSE+BSE Volume

NSE 03 Nov, 2026 1:28 PM (IST)

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Slowing Down StockThese stocks have medium financials and valuations, but weak momentum indicating decreasing investor interestView SimilarEmbed DVM
Analyst Price Target
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20

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7

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SWOT Analysis

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Medium rank

10Positive13Negative

43.5%Pass in checklist

045
55
100

PE Valuation Check

Right Now
Undervalued
96.9%
1 Year Forward
Undervalued
96.9%
INSIGHTHigh 5Yr PE Avg of 20.0 may distort upside values.

M&M Financial Stock Price Analysis

Day Price Range

0.3% 1 Day return
262.6 (LTP)
262.5267.4
LowHigh

Week Price Range

-6.0% 1 Week return
262.6 (LTP)
253.4280
LowHigh

Month Price Range

-17.9% 1 Month return
262.6 (LTP)
253.4340.3
LowHigh

52 Week Price Range

-16.8% 1 Year return
262.6 (LTP)
253.4415
LowHigh
View full Price History/Seasonality

M&M Financial Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

Hit

M&M Financial's Revenue was higher than average estimate 2 times in past 3 years

EPS forecast

CURRENT EPS
20.3
AVG. ESTIMATE
25.8
LOW ESTIMATE
23.8
HIGH ESTIMATE
28.4
CURRENT EPS
AVG. ESTIMATE
Hit

EPS is expected to grow by 26.9% in FY27

Consensus Recommendation

35 ANALYST Recommendations
BUY

The consensus recommendation from 35 analysts for M&M Financial is BUY

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M&M Financial Technical Analysis

M&M Financial EMA & SMA

Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
5 Day265.8
10 Day275.8
12 Day279.7
20 Day293.0
26 Day301.0
50 Day320.4
100 Day331.2
200 Day330.2

M&M Financial Delivery And Volume

Daily Avg. Delivery Volume %
02 Nov, 202652.0%
Week54.8%
Month50.4%

M&M Financial Active Candlesticks

Inside Uptrend Matching Low
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

M&M Financial Resistance and Support

262.13
Pivot
First Resistance264.6
Second Resistance267.5
Third Resistance270.0
First Support259.3
Second Support256.8
Third Support253.9
Day RSI21.2
Day MACD-21.4
Day MFI16.2
Day MACD Signal Line-18.5

M&M Financial Beta

1 Month1.3
1 Year1.5
3 Month1.1
3 Year1.3

M&M Financial Price Change Analysis

↓-17.9%
Over 1 Month
LowHigh
253.4340.3
↓-31.9%
Over 3 Months
LowHigh
253.4415
↓-15.5%
Over 6 Months
LowHigh
253.4415
↓-16.8%
Over 1 Year
LowHigh
253.4415
All Technicals →

M&M Financial Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Mahindra & Mahindra LimitedPromoter729,582,59952.5 %
Life Insurance Corporation Of India, Lic-P&Gs Fund, Lici FundsDii126,321,7219.1 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

M&M Financial Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
ISHARES INDIA SC MAURITIUS COMPANYBlockSell25 Oct 2022204.35189,619BSE
ISHARES CORE EMERGING MARKETS MAURITIUS COBlockSell25 Oct 2022204.351,281,301BSE
ISHARES MSCI INDIA SMALL-CAP ETFBlockPurchase25 Oct 2022204.35189,619BSE
ISHARES CORE MSCI EMERGING MARKETS ETFBlockPurchase25 Oct 2022204.351,281,301BSE
ISHARES INDIA SC MAURITIUS COMPANYBlockSell17 Oct 2022207.85189,437NSE
ISHARES CORE EMERGING MARKETS MAURITIUS COBlockSell17 Oct 2022207.851,280,077NSE
ISHARES MSCI INDIA SMALL-CAP ETFBlockPurchase17 Oct 2022207.85189,437NSE
ISHARES CORE MSCI EMERGING MARKETS ETFBlockPurchase17 Oct 2022207.851,280,077NSE
ISHARES CORE EMERGING MARKETS MAURITIUS COBlockSell11 Oct 2022204.35625,861BSE
ISHARES INDIA SC MAURITIUS COMPANYBlockSell11 Oct 2022204.3592,620BSE
All deals
All insider trades

M&M Financial Corporate Actions

M&M Financial Dividend history and yield

M&M Financial dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track M&M Financial dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
113 Jul 2026
7.5FINAL13 Jul 2026Equity Share
215 Jul 2025
6.5FINAL15 Jul 2025Equity Share
316 Jul 2024
6.3FINAL-Equity Share
421 Jul 2023
6FINAL-Equity Share
520 Jul 2022
3.6FINAL-Equity Share

M&M Financial Board Meetings

M&M Financial past and upcoming board meetings.

#Ex-Date
PurposeNotes
121 Oct 2026
Quarterly Results-
221 Jul 2026
Quarterly Results-
324 Apr 2026
Audited Results & Final Dividend-
428 Jan 2026
Quarterly Results-
528 Oct 2025
Quarterly Results-

M&M Financial Stock Split

M&M Financial stock split details, including announcement, record, and ex-split dates, along with the split ratios

#Ex-Date
Old FVNew FVRecord Date
115 Feb 2013
10218 Feb 2013

M&M Financial Rights issue

M&M Financial rights issue history, along with record, ex-rights dates, and rights ratios.

#Ex-Date
RatioFace ValuePremiumRecord Date
114 May 2025
1.0:8.0219214 May 2025
222 Jul 2020
1.0:1.024823 Jul 2020
All Corporate Actions

M&M Financial Research Reports

M&M Financial research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
121 Oct 2026ICICI Securities Limited415297.45Buy39.52%-11.73%pdf
221 Oct 2026Emkay370297.45Buy24.39%-11.73%pdf
320 Oct 2026Motilal Oswal375297.45Buy26.07%-11.73%pdf
423 Sep 2026Emkay450339.9Buy32.39%-22.76%pdf
521 Sep 2026ICICI Securities Limited415352.4Buy17.76%-25.5%pdf
All Reports of Mahindra

M&M Financial Corporate Filings

M&M Financial BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
27 Oct 2026
Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Earnings Call Transcript - Q2 FY2027
PDF
22 Oct 2026
Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copy of Newspaper Publication- Extract of Financial Results Q2 FY 2027
PDF
21 Oct 2026
Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Link for Audio Recording- Q2 FY2027 for Earnings Conference call
PDF
21 Oct 2026
Mahindra & Mahindra Financial Services Results Earnings Call for Q2FY27
Conference Call with Mahindra & Mahindra Financial Services Management and Analysts on Q2FY27 Performance and Outlook. Listen to the full earnings transcript.
PDF
21 Oct 2026
Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release- Financial Results Q2 FY2027
PDF
VIEW ALL

M&M Financial DocumentsAsk MarketMind AI

M&M Financial Earnings Call

M&M Financial earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
27 Oct 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
21 Oct 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
21 Oct 2026Mahindra & Mahindra Financial Services Results Earnings Call for Q2FY27AudioVideo
27 Jul 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
21 Jul 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
view all

M&M Financial Annual Reports

M&M Financial financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2025Annual Report Mar-2025Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link

M&M Financial Credit Ratings

M&M Financial credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
15 Sep 2026care ratingsMahindra And Mahindra Financial Services Limited-securitisationLink
13 Aug 2026crisil ratingsMahindra and Mahindra Financial Services LimitedMahindra and Mahindra Financial Services Limited:Update on Mahindra and Mahindra Financial Services LimitedLink
08 Jul 2026care ratingsMahindra And Mahindra Financial services LimitedLink
09 Jun 2026brickwork ratingsMahindra And Mahindra Financial ServicesMahindra and Mahindra Financial Services Ltd. UnSecured Non Convertible Debentures \u20b91091.20 CroreLink
21 Apr 2026crisil ratingsMahindra and Mahindra Financial Services LimitedMahindra and Mahindra Financial Services Limited:'Crisil AAA/Stable' assigned to Subordinated Debt and Non Convertible Debentures; Rated amount enhanced for Bank Debt, Fixed Deposits and Commercial PaperLink

M&M Financial Investor Presentations

M&M Financial investor presentations, including business updates, financial insights, and strategic initiatives.

DateReport TitleLinks
21 Oct 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
21 Jul 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
24 Apr 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
28 Jan 2026Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
20 Nov 2025Mahindra & Mahindra Financial Services Ltd - 532720 - Announcement under Regulation 30 (LODR)-Investor PresentationLink

M&M Financial - Company Profile

M&M Financial Management Structure

M&M Financial management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Raul RebelloExecutive Director,Managing Director,Chief Executive Officer598Mar 26
Mr. Suresh AgarwalManaging Director,Chief Executive Officer(MIBL)-Mar 26
Mr. RamganeshChief Operating Officer-Mar 26
Ms. Alka SrivastavaHead(Underwriting)-Mar 26
Ms. Anu RajHead(Marketing,Corporate Communication.)-Mar 26
Ms. Usha SunderHead(Internal Audit)-Mar 26
Ms. Aarti NihalaniChief Operating Officer-Mar 26
Ms. Ketaki SuklikarChief Legal Officer(FSS)-Mar 26
Parag RaoGrowth Leader(FSS)-Mar 26
Ms. Deepa RanjeetChief Digital Officer(FSS)-Mar 26
Brijbala BatwalCompany Secretary-Mar 26
Mr. Anthony HerediaManaging Director,Chief Executive Officer-Mar 26
Mr. Mod Narayan SinghChief Compliance Officer-Mar 26
Mr. Bhuwan LodhaChief Executive Officer-Mar 26
Mr. Jaspreet Singh ChadhaChief Business Officer(Mortgages)-Mar 26
Mr. Sandeep MandrekarChief Business Officer(Wheel Business)-Mar 26
Mr. Manish SinhaGlobal Chief Human Resource Officer(FSS)-Mar 26
Mr. Mohit KapoorGroup Chief Technology Officer-Mar 26
Mr. Mahesh RajaramanChief Risk Officer-Mar 26
Mr. Pradeep Kumar AgrawalChief Financial Officer(FSS)-Mar 26

M&M Financial Board of Directors

M&M Financial Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Raul RebelloManaging Director & CEO598Mar 26
Milind SarwateIndependent Non Exe. Director68Mar 26
Diwakar GuptaIndependent Non Exe. Director63Mar 26
Rebecca NugentIndependent Non Exe. Director53Mar 26
V K SharmaIndependent Non Exe. Director53Mar 26
Ashwani GhaiNon-Exec & Non-Independent Dir49Mar 26
Padmaja ChunduruIndependent Director3Mar 26
Anish ShahChairman(Non Exe)&Dir(Non-Ind)-Mar 26
Amarjyoti BaruaNon-Exec & Non-Independent Dir-Mar 26
Parag RaoNon-Exec & Non-Independent Dir-Mar 26
Brijbala BatwalCompany Secretary-Mar 26

M&M Financial Brands

Brands owned by M&M Financial

LOGOBRAND NAME
MAHINDRA FINANCE FINSMART
Website: www.mahindrafinance.com

About the company - Business Profile

Mahindra & Mahindra Financial Services Limited (MMFSL) is a major Indian non-banking finance company (NBFC) specializing in the rural and semi-urban retail finance markets. As a subsidiary of Mahindra & Mahindra Limited, the company serves as a critical financial intermediary for the purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, and construction equipment. MMFSL maintains a significant market presence through a network of 1,365 branches across 27 states and 7 union territories, catering to over 11 million customer contracts since its inception.

Key Points

  • Key facts: Founded in 1991, MMFSL is headquartered in Mumbai, India. It is a subsidiary of Mahindra & Mahindra Limited (M&M), which holds a controlling stake. The company is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
  • Operations and resources: The company operates via an extensive physical network of 1,365 offices (as of FY2025). Its operations are highly integrated with the M&M ecosystem, with M&M assets contributing 44% to its total business assets as of March 31, 2025.
  • Ownership: MMFSL is a promoter-led company by Mahindra & Mahindra Limited. It holds a AAA/Stable credit rating from CRISIL, India Ratings, CARE, and Brickwork for its long-term and subordinated debt.
  • Market and significance: MMFSL is strategically vital for rural India's credit access. It focuses on the "Bharat" segment, providing financial solutions where traditional banking reach is often limited.
  • Sustainability and innovation: The company follows an Integrated Reporting framework and has a dedicated ESG (Environmental, Social, and Governance) strategy. Strategic initiatives include "Mission 2025," aiming for a diverse product mix and improved asset quality.

Business Model and Core Competencies MMFSL’s business model revolves around retail financing for vehicles and tractors in rural and semi-urban areas. It excels in credit assessment for customers with informal income profiles, leveraging its deep local presence and relationship-based lending. The company is particularly proficient in managing the entire lifecycle of a loan, from origination to collection, with a reported collection efficiency of 95% in FY2025.

Revenue and Financial Highlights (FY2025) Financial figures are presented on an annual basis for the year ended March 31, 2025:

  • Total Income (Consolidated): Rs. 16,140.88 crore.
  • Profit After Tax (PAT - Consolidated): Rs. 2,156.55 crore.
  • Disbursements: Rs. 57,900 crore.
  • Gross Loan Book: Approximately Rs. 1,02,597 crore (as per FY24/FY25 growth trends).

Revenue Breakdown by Business Segment (Assets under Management - FY2025):

  • Passenger Vehicles: 40%
  • Commercial Vehicles and Construction Equipment: 22%
  • Pre-owned Vehicles: 13%
  • Tractors: 11%
  • SME Financing: 5%
  • 3-Wheelers: 4%
  • Others (Personal Loans, Farm Implements, etc.): 5%

Geographical Distribution of Business Assets (H1 FY2026):

  • Thane (West/Central India): 19.3%
  • Lucknow (UP/Bihar): 16.8%
  • Delhi/Jaipur (North/North-West): ~29.8%
  • Chennai/Hyderabad (South): ~24.1%
  • Kolkata (East/North-East): 9.9%

Key Products and Technology

  • Product Extensions: Beyond vehicle finance, the company has expanded into SME financing, digital personal loans, and gold loans.
  • Technology Advancements: MMFSL is undergoing a digital transformation to enable paperless lending and real-time credit decisioning. It utilizes specialized data analytics for rural credit underwriting.

Subsidiaries and Partnerships

  • Mahindra Rural Housing Finance Limited (MRHFL): MMFSL holds a 98.43% stake. It provides home loans in rural areas. (FY2025 PAT: Rs. -228 crore due to provisioning/restructuring; Loans disbursed: Rs. 2,022 crore).
  • Mahindra Insurance Brokers Limited (MIBL): 100% subsidiary providing life and non-life insurance brokerage. (FY2025 PAT: Rs. 89 crore).
  • Mahindra Ideal Finance Limited: 58.2% stake, operating in Sri Lanka. (FY2025 PAT: LKR 146 million).
  • Mahindra Manulife Investment Management: A joint venture for mutual fund operations.

Employees and Attrition MMFSL and its subsidiaries employ a large workforce to manage rural operations. Mahindra Rural Housing alone had 5,442 employees as of March 2025, while the Insurance Broking arm employed 589. The company focuses on local hiring to maintain cultural and linguistic alignment with its rural customer base.

References

  1. Annual Report Mar 2025
  2. Investor Presentation Oct 2025
  3. Investor Presentation Jan 2026
  4. Result Apr 2026
  5. Investor Presentation Apr 2026
  6. Annual Report May 2024

M&M Financial FAQ

M&M Financial today is trading in the green, up by 0.31% at ₹262.55.
M&M Financial is currently trading up 0.31% on an intraday basis. In the past week the stock fell 5.98%. Stock has been down 31.94% in the past quarter and fell 16.8% in the past year. You can view this in the share price history/seasonality section.
M&M Financial is listed on NSE with the ticker M&MFIN and on BSE as 532720. It's currently trading on NSE at a share price of ₹262.55 and on BSE with a share price of ₹263.25.
The market cap of M&M Financial is ₹36,499.47 Cr. as of Nov 03, 2026.
M&M Financial announced a FINAL dividend of 375% which equals ₹7.5 in Jul 13, 2026.The last three ex-dates for M&M Financial were Jul 15, 2025, Jul 16, 2024 and Jul 21, 2023. To view the full dividend history of M&M Financial click here.
M&M Financial has never issued bonus shares, but it has issued 1 stock split since its BSE/NSE listing. The latest announcement for M&M Financial stock split was on Feb 15, 2013 at a ratio of 10:2.
M&M Financial reported ₹5,962.1 Cr. in revenue, ₹909.43 Cr. in net profit, and ₹3,833.84 Cr. in EBITD as of Oct 21, 2026 for Q2 FY26-27.
According to the predictions of 36 analysts, the share price prediction for M&M Financial is ₹363.25 with an upside of 38%.
The PE ratio of M&M Financial is 10.15 as of Nov 03, 2026.
The PB ratio of M&M Financial is 1.33 as of Nov 03, 2026.
You can view the latest analyst reports on the M&M Financial reports dashboard. Either click on the Reports tab on this page's sub-header or click here to be directed to the dashboard.
You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.
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