M&M FIN. SERVICES LTD (M&MFIN) financials

M&M FIN. SERVICES LTD (M&MFIN) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group,is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing.[1]

Market Cap: ₹38,541Cr.
Current Price: ₹277
Stock P/E: 10.8
ROE: 12.9%
ROCE: 8.77%
Book Value: ₹184
Dividend Yield: 2.71%
52W High / Low: ₹415/268

In Sep 2026, M&M FIN. SERVICES LTD (M&MFIN) reported sales ₹5,164 Cr and net profit ₹882 Cr.

Annual TTM: sales ₹19,689 Cr, net profit ₹3,464 Cr.

Shareholding: Promoters 52.48% (Sep 2026), FIIs 9.95% (Sep 2026), DIIs 31.56% (Sep 2026), Public 5.97% (Sep 2026), Others 0.04% (Sep 2026).

M&MFIN quarterly results (₹ Cr.)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	4,143	4,241	4,419	4,473	4,754	4,800	4,972	5,164
Interest	2,046	2,090	2,152	2,066	2,103	2,071	2,208	2,341
Expenses	816	1,327	1,517	1,592	1,387	1,479	1,490	1,572
Financing Profit	1,281	824	750	814	1,264	1,250	1,274	1,250
Financing Margin %	31%	19%	17%	18%	27%	26%	26%	24%
Other Income	1	4	18	17	-108	10	2	11
Depreciation	70	73	75	83	86	99	89	100
Profit before tax	1,213	756	693	748	1,070	1,161	1,186	1,162
Tax %	26%	25%	24%	24%	24%	25%	24%	24%
Net Profit	899	563	530	569	810	873	899	882
EPS in Rs	6.47	4.05	3.81	4.10	5.83	6.28	6.47	6.34
Gross NPA %	3.93%	3.69%	3.85%	3.94%	3.80%	3.41%	3.45%	—
Net NPA %	2.00%	1.84%	1.91%	1.89%	1.82%	1.44%	1.48%	—
Raw PDF	—	—	—	—	—	—	—	—

M&MFIN profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue	10,244	10,508	9,717	11,053	13,555	16,064	18,458	19,689
Interest	4,829	4,733	3,920	4,577	6,427	7,898	8,392	8,722
Expenses	3,954	5,241	4,315	3,540	4,551	4,756	5,976	5,929
Financing Profit	1,461	534	1,482	2,937	2,577	3,410	4,091	5,038
Financing Margin %	14%	5%	15%	27%	19%	21%	22%	26%
Other Income	1	15	1	-51	7	11	-76	-84
Depreciation	118	126	127	187	229	273	343	374
Profit before tax	1,344	422	1,357	2,698	2,355	3,147	3,673	4,580
Tax %	33%	21%	27%	26%	25%	25%	24%	—
Net Profit	906	335	989	1,984	1,760	2,345	2,782	3,464
EPS in Rs	6.52	2.41	7.11	14.28	12.66	16.87	20.02	24.92
Dividend Payout %	0%	29%	45%	37%	44%	34%	37%	—

M&MFIN balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	123	246	247	247	247	247	278	278
Reserves	11,241	14,465	15,381	16,842	17,911	19,565	24,481	25,256
Borrowing	59,462	58,577	55,814	74,946	92,225	112,873	120,335	140,070
Other Liabilities	3,245	3,748	3,847	4,182	4,777	2,870	2,812	2,583
Total Liabilities	74,071	77,036	75,289	96,217	115,159	135,555	147,905	168,187
Fixed Assets	364	330	393	696	826	1,049	1,188	1,154
CWIP	0	10	0	0	105	66	7	1
Investments	5,911	11,705	8,440	9,989	9,651	10,400	6,820	10,709
Other Assets	67,797	64,991	66,456	85,532	104,578	124,040	139,890	156,324
Total Assets	74,071	77,036	75,289	96,217	115,159	135,555	147,905	168,187

M&MFIN cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-10,918	-3,151	4,886	-0	-17,485	-18,404	-15,281	-11,206
Cash from Investing Activity	-1,317	-2,573	-7,252	2,613	-1,321	1,962	-1,011	1,109
Cash from Financing Activity	12,465	5,899	2,260	-2,855	18,728	16,503	17,648	8,821
Net Cash Flow	230	175	-106	-243	-78	61	1,355	-1,275
Free Cash Flow	-11,026	-3,255	4,846	-270	-17,834	-18,642	-15,642	-11,535

M&MFIN shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	52.16%	52.16%	52.49%	52.49%	52.49%	52.49%	52.49%	52.48%
FIIs	10.49%	10.68%	9.33%	9.59%	9.11%	9.40%	9.53%	9.95%
DIIs	31.17%	31.31%	32.33%	32.29%	32.34%	32.09%	31.48%	31.56%
Public	6.14%	5.81%	5.79%	5.58%	6.02%	5.98%	6.46%	5.97%
Others	0.06%	0.05%	0.05%	0.04%	0.04%	0.03%	0.03%	0.04%
No. of Shareholders	2,24,415	2,17,620	2,27,141	2,22,526	2,43,019	2,36,252	2,41,776	2,29,567

M&MFIN key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	15%	8%	3%	7%	12%	10%	12%	13%

M&MFINUpdated 24 Oct 2026, 0:07

M&m Fin. Services Ltd

M&MFINUpdated 24 Oct 2026, 0:07

Market Cap

₹38,541Cr.

Current Price

₹277

High / Low

₹415/268

Stock P/E

10.8

ROE12.9%

ROCE8.77%

Book Value₹184

Face Value₹2.00

Dividend Yield2.71%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)	Gross NPA	Net NPA
Sep 2023	3212	1566	1302	344	11	29	56	316	26	235	1.69	4.29	1.71
Dec 2023	3454	1675	1023	755	22	37	58	734	25	553	3.98	3.97	1.52
Mar 2024	3654	1735	1079	840	23	52	60	832	26	619	4.45	3.4	1.28
Jun 2024	3722	1829	1181	712	19	38	64	686	25	513	3.69	3.56	1.46
Sep 2024	3913	1934	1431	547	14	12	67	493	25	369	2.66	3.83	1.59
Dec 2024	4143	2046	816	1281	31	1	70	1213	26	899	6.47	3.93	2
Mar 2025	4241	2090	1327	824	19	4	73	756	25	563	4.05	3.69	1.84
Jun 2025	4419	2152	1517	750	17	18	75	693	24	530	3.81	3.85	1.91
Sep 2025	4473	2066	1592	814	18	17	83	748	24	569	4.1	3.94	1.89
Dec 2025	4754	2103	1387	1264	27	-108	86	1070	24	810	5.83	3.8	1.82
Mar 2026	4800	2071	1479	1250	26	10	99	1161	25	873	6.28	3.41	1.44
Jun 2026	4972	2208	1490	1274	26	2	89	1186	24	899	6.47	3.45	1.48
Sep 2026	5164	2341	1572	1250	24	11	100	1162	24	882	6.34	—	—

Profit & loss

Annual statement₹ Cr.

Year	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	5578	2497	1793	1289	23	6	42	1254	34	832	6.5
Mar 2016	5900	2639	2187	1074	18	5	41	1038	35	673	5.26
Mar 2017	6234	2857	2714	663	11	4	46	620	35	400	3.13
Mar 2018	6748	3082	1958	1709	25	2	44	1667	35	1076	7.74
Mar 2019	8808	3945	2423	2441	28	2	60	2382	35	1557	11.2
Mar 2020	10244	4829	3954	1461	14	1	118	1344	33	906	6.52
Mar 2021	10508	4733	5241	534	5	15	126	422	21	335	2.41
Mar 2022	9717	3920	4315	1482	15	1	127	1357	27	989	7.11
Mar 2023	11053	4577	3540	2937	27	-51	187	2698	26	1984	14.28
Mar 2024	13555	6427	4551	2577	19	7	229	2355	25	1760	12.66
Mar 2025	16064	7898	4756	3410	21	11	273	3147	25	2345	16.87
Mar 2026	18458	8392	5976	4091	22	-76	343	3673	24	2782	20.02
TTM	19689	8722	5929	5038	26	-84	374	4580	—	3464	24.92

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	52.48%
FIIs	9.95%
DIIs	31.56%
Public	5.97%
Others	0.04%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Dec 2023	52.16%	12.72%	26.96%	8.06%	0.1%
Mar 2024	52.16%	11.95%	28.61%	7.18%	0.09%
Jun 2024	52.16%	10.08%	30.66%	7%	0.09%
Sep 2024	52.16%	10.19%	31.58%	6.01%	0.07%
Dec 2024	52.16%	10.49%	31.17%	6.14%	0.06%
Mar 2025	52.16%	10.68%	31.31%	5.81%	0.05%
Jun 2025	52.49%	9.33%	32.33%	5.79%	0.05%
Sep 2025	52.49%	9.59%	32.29%	5.58%	0.04%
Dec 2025	52.49%	9.11%	32.34%	6.02%	0.04%
Mar 2026	52.49%	9.4%	32.09%	5.98%	0.03%
Jun 2026	52.49%	9.53%	31.48%	6.46%	0.03%
Sep 2026	52.48%	9.95%	31.56%	5.97%	0.04%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	113	5557	3141	35074	110	0	854	34110	35074
Mar 2016	113	5975	4039	39579	113	0	1483	37983	39579
Mar 2017	113	6364	4821	45837	112	0	1873	43852	45837
Mar 2018	123	9499	3078	52793	120	0	2734	49939	52793
Mar 2019	123	10785	3323	67078	163	0	3792	63123	67078
Mar 2020	123	11241	3245	74071	364	0	5911	67797	74071
Mar 2021	246	14465	3748	77036	330	10	11705	64991	77036
Mar 2022	247	15381	3847	75289	393	0	8440	66456	75289
Mar 2023	247	16842	4182	96217	696	0	9989	85532	96217
Mar 2024	247	17911	4777	115159	826	105	9651	104578	115159
Mar 2025	247	19565	2870	135555	1049	66	10400	124040	135555
Mar 2026	278	24481	2812	147905	1188	7	6820	139890	147905
Sep 2026	278	25256	2583	168187	1154	1	10709	156324	168187

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-2989	-16	2974	-31
Mar 2016	-3381	-506	3915	27
Mar 2017	-4907	-256	5360	196
Mar 2018	-7106	211	6755	-140
Mar 2019	-10918	-1317	12465	230
Mar 2020	-3151	-2573	5899	175
Mar 2021	4886	-7252	2260	-106
Mar 2022	0	2613	-2855	-243
Mar 2023	-17485	-1321	18728	-78
Mar 2024	-18404	1962	16503	61
Mar 2025	-15281	-1011	17648	1355
Mar 2026	-11206	1109	8821	-1275

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	15%	11%	6%	13%	15%	8%	3%	7%	12%	10%	12%	13%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of M&M FIN. SERVICES LTD (M&MFIN)?

The reported market capitalisation for M&M FIN. SERVICES LTD (M&MFIN) is ₹38,541Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of M&MFIN?

The current price shown for M&M FIN. SERVICES LTD (M&MFIN) on Fincrux is ₹277 with a 52-week high/low of ₹415/268.

What is the P/E ratio of M&M FIN. SERVICES LTD (M&MFIN)?

The stock P/E for M&M FIN. SERVICES LTD (M&MFIN) is 10.8 on Fincrux, with ROE at 12.9% and ROCE at 8.77%.

What were M&MFIN latest quarterly results?

For Sep 2026, M&M FIN. SERVICES LTD (M&MFIN) reported sales ₹5,164 Cr and net profit ₹882 Cr (figures in ₹ crore unless noted).

What are M&MFIN annual sales and net profit?

For TTM, M&M FIN. SERVICES LTD (M&MFIN) shows sales of ₹19,689 Cr and net profit of ₹3,464 Cr on the Fincrux profit & loss statement.

Who owns M&M FIN. SERVICES LTD (M&MFIN)?

Latest shareholding for M&M FIN. SERVICES LTD (M&MFIN) on Fincrux: Promoters 52.48% (Sep 2026), FIIs 9.95% (Sep 2026), DIIs 31.56% (Sep 2026), Public 5.97% (Sep 2026), Others 0.04% (Sep 2026).

Where can I find M&M FIN. SERVICES LTD (M&MFIN) financials?

M&M FIN. SERVICES LTD (M&MFIN) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show M&MFIN balance sheet and cash flow?

Yes. The M&M FIN. SERVICES LTD (M&MFIN) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 24 October 2026 at 0:07