Mahindra & Mahindra Financial Services Ltd.

NSE: M&MFIN | BSE: 532720

Mid-range Performer

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310.70 -9.50 (-2.97%)

High vol. this week

NSE 30 Apr, 2026 3:31 PM (IST)

43,186.4

Market Cap

High in industry

Beta 1Year

Very High Volatility

Mahindra & Mahindra Financial Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for M&MFIN, BSE:532720 Mahindra & Mahindra Financial Services Ltd.

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Mahindra & Mahindra Financial Services Ltd.

27 Apr 2026

310.70

-2.97%

M&M Financial Services (MMFS) : Q4FY26 Result Review

Buy: Mahindra & Mahindra Financ...

Target

IDBI Capital

M&M Financial Services reported a strong close to FY26 with AUM growth gaining momentum in 2HFY26, NIM peaking at 7.5% in Q4, and GS 3 assets at a record low of 3.4%. The Udaan digital stack now facilitates 50% of all disbursements. Provisions came in higher than our estimates in 4QFY26, primarily driven by a proactive management overlay of Rs 217 cr created as a buffer against FY27 geopolitical and monsoon-related risks, a sign of prudent balance sheet management rather than any deterioration in underlying asset quality. Even after the overlay, ROA held steady at 2.4%. Medium-term AUM...

Mahindra & Mahindra Financial Services Ltd. is trading below its 50 day SMA of 328.0

Mahindra & Mahindra Financial Services Ltd.

26 Apr 2026

310.70

-2.97%

Healthy growth, improved asset quality; retain BUY

Buy: Mahindra & Mahindra Financ...

Anand Rathi

Driven by a healthy NII growth of 13% y/y, 4% q/q (higher than estimates), MMFS saw a PPoP growth of 38% y/y.

Mahindra & Mahindra .. has an average target of 328.00 from 7 brokers.

Mahindra & Mahindra Financial Services Ltd.

26 Apr 2026

310.70

-2.97%

Management overlay prudent amid macro uncertainties

Buy: Mahindra & Mahindra Financ...

Target

Motilal Oswal

Mahindra & Mahindra Financial’s (MMFS) 4QFY26 PAT rose ~55% YoY and 8% QoQ to ~INR8.7b (in line).

Mahindra & Mahindra Financial Services Ltd. is trading below its 50 day SMA of 328.0

Mahindra & Mahindra Financial Services Ltd.

25 Apr 2026

310.70

-2.97%

Mahindra & Mahindra Financial Services (MMFS IN) Q4FY26 Result Update Steady growth outlook, asset quality monitorable ACCUMULATE

Accumulate: Mahindra & Mahindra Financ...

Target

Prabhudas Lilladhar

FY27 margins to be fairly stable due to product mix/fees Cost of borrowings to inch up as bond yields harden Cautious on asset quality due to higher credit costs Q4 disbursement growth picked up to 11% YoY led by growth in tractor, Used CV and PV. AUM grew 12% YoY to Rs1,341bn; we build 13%/ 13.5% for FY27/ FY28E. While bond yields have hardened resulting in a higher CoF, expect FY27 margins to be stable aided by a favourable mix and increase in fee-based income. Opex cost is expected to remain range-bound as the company invests in business transformation/ diversification. Asset...

Mahindra & Mahindra Financial Services Ltd. is trading above its 30 day SMA of 302.3

Mahindra & Mahindra Financial Services Ltd.

24 Feb 2026

310.70

-2.97%

Technical pick update- M&MFIN

Buy: Mahindra & Mahindra Financ...

Target

IDBI Capital

M&MFIN has undergone a healthy corrective phase, retracing nearly 17% from its all-time high, which appears more structural than impulsive in nature. After the decline, the stock has shown signs of stabilization and has formed a base near the 50-day DEMA, a level that has historically acted as a strong dynamic support. The recent price action indicates demand emerging at lower levels, suggesting that the correction may be nearing...

Mahindra & Mahindra .. has an average target of 328.00 from 7 brokers.

Mahindra & Mahindra Financial Services Ltd.

29 Jan 2026

310.70

-2.97%

M&M Financial Services (MMFS): Q3FY26 Result Review

Buy: Mahindra & Mahindra Financ...

Target

IDBI Capital

M&M Financial Services reported a strong Q3FY26 performance, marking a clear transition from a multi-year transformation phase to a renewed growth cycle. Management announced the completion of Project Udaan, a comprehensive business and technology transformation initiative, and reiterated its focus on scaling growth, improving profitability and diversifying beyond the traditional wheels franchise. Disbursements grew ~7% YoY, led by a sharp recovery in tractor financing, while AUM expanded ~12% YoY. Profitability improved meaningfully, with Q3 RoA at 2.5% (partly aided by one-offs) and 9MFY26 RoA...

Mahindra & Mahindra Financial Services Ltd. is trading above its 30 day SMA of 302.3

Mahindra & Mahindra Financial Services Ltd.

28 Jan 2026

310.70

-2.97%

Diversification to anchor the next phase of growth

Buy: Mahindra & Mahindra Financ...

Target

Motilal Oswal

Mahindra & Mahindra Financial’s (MMFS) 3QFY26 PAT grew 42% QoQ to ~INR8.1b (~9% beat). NII was up ~21% YoY at INR23b (in line). Other income rose ~90% YoY to ~INR3.6b, driven by healthy fee income and
dividend income.

IDBI Capital decreased Buy price target of Mahindra & Mahindra Financial Services Ltd. to 350.0 on 27 Apr, 2026.

Mahindra & Mahindra Financial Services Ltd.

21 Nov 2025

310.70

-2.97%

Defending the core, powering the adjacent

Buy: Mahindra & Mahindra Financ...

Target

Motilal Oswal

MMFS shared its long-term aspiration to position itself as the most trusted financial services partner for Bharat, leveraging its over three-decade operating history, deep rural presence across 500k villages, and a 12m strong customer base.

Mahindra & Mahindra Financial Services Ltd. average weekly volume is high.

Mahindra & Mahindra Financial Services Ltd.

29 Oct 2025

310.70

-2.97%

Near-term outlook improves; valuation prices-in subpar RoA

Sell: Mahindra & Mahindra Financ...

Target

Emkay

MMFS reported a steady quarter, with PAT at ~Rs5.7bn (+8% QoQ/+54% YoY), ahead of Street and our estimates. Credit costs remained elevated at 2.2% (vs 1.9% in Q1), though the management expects moderation in coming quarters with full-year levels contained at ~1.7%.