M&M FIN. SERVICES LTD (M&MFIN) is an Indian publicly traded corporation listed on the National Stock Exchange of India (NSE: M&MFIN). Currently trading at ₹261.7, the company commands a market capitalization of ₹49,491 Crores. The stock trades at a Price-to-Earnings (P/E) multiple of 15.7x against an industry ROCE of 10.7%. Part of the Financial Services sector (Credit Services industry).
M&M FIN. SERVICES LTD operates by providing various credit services, primarily earning revenue from the interest charged on loans given out for vehicles and other purposes. Its competitive advantage stems from robust institutional support, which offers financial stability and trust in a crowded market, facilitating its lending operations and market penetration.
Comparison of M&M FIN. SERVICES LTD against its top peers in the Credit Services industry.
Side-by-side fundamental showdowns: compare valuation multiples, ROCE efficiency, profit growth & balance sheet safety.
High-level trend in Rs. Crores (Consolidated)
Consolidated Figures in Rs. Crores
Jun '26 | Jun 2026 | Mar '26 | Mar 2026 | Dec '25 | Dec 2025 | Sep 2025 | Jun '25 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 2,969 | 2 | 2,963 | 10 | 2,838 | -108 | 17 | 2,456 |
| Expenses + | -744 | -3,390 | -626 | -3,212 | -599 | -3,389 | -2,780 | -614 |
| Operating Profit | 3,713 | 3,392 | 3,589 | 3,222 | 3,437 | 3,281 | 2,797 | 3,069 |
| OPM % | 125% | 169600% | 121% | 32220% | 121% | 0% | 16453% | 125% |
| Other Income + | 0 | 2 | 0 | 10 | 0 | -108 | 17 | 0 |
| Interest | 2,372 | 2,208 | 2,220 | 2,071 | 2,236 | 2,103 | 2,066 | 2,280 |
| Depreciation | 99 | 0 | 110 | 0 | 96 | 0 | 0 | 86 |
| Profit before tax | 1,242 | 1,186 | 1,259 | 1,161 | 1,105 | 1,070 | 748 | 704 |
| Tax % | 25% | 0% | 25% | 0% | 25% | 0% | 0% | 25% |
| Net Profit + | 926 | 899 | 938 | 873 | 824 | 810 | 569 | 528 |
| EPS in Rs | 6.66 | 0.00 | 6.75 | 0.00 | 5.93 | 0.00 | 0.00 | 4.06 |
Consolidated Figures in Rs. Crores (Annual)
| Mar '26 | Mar 2026 | Mar '25 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 278 | 278 | 247 | 247 |
| Reserves | 10,733 | 24,481 | 9,373 | 19,565 |
| Borrowings | 1,14,728 | 0 | 1,08,223 | 0 |
| Other Liabilities | 17,224 | 2,812 | 14,309 | 2,870 |
| Total Liabilities | 1,58,591 | 1,47,905 | 1,44,062 | 1,35,555 |
| Fixed Assets | 1,141 | 1,188 | 1,110 | 1,049 |
| CWIP | 66 | 7 | 82 | 66 |
| Investments | 7,987 | 6,820 | 10,660 | 10,400 |
| Other Assets | 1,49,516 | 1,39,890 | 1,32,336 | 1,24,040 |
| Total Assets | 1,58,644 | 1,47,905 | 1,44,105 | 1,35,555 |
Consolidated Figures in Rs. Crores (Annual)
| Mar '26 | Mar '25 | |
|---|---|---|
| Cash from Operating Activity | -12,772 | -15,602 |
| Cash from Investing Activity | 770 | -1,077 |
| Cash from Financing Activity | 10,637 | 17,605 |
| Net Cash Flow | -1,365 | 927 |
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The company has consistently prioritized aggressive expansion into emerging markets while maintaining a lean operational structure. Recent quarters show a pivot towards high-margin digital services, though capital expenditure remains elevated due to infrastructure investments.
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Dividends, splits, and official board announcements
Key financial questions, valuation metrics, and quarterly analysis for M&M FIN. SERVICES LTD (M&MFIN)
Rural tractor and Mahindra vehicle credit vs diversified multi-state commercial vehicle and auto loans.