Mahindra & Mahindra Financial Services Ltd.

NSE: M&MFIN | BSE: 532720

Mid-range Performer

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285.95 3.95 (1.40%)

4.3M NSE+BSE Volume

High volume today

NSE 18 Sep, 2025 3:52 PM (IST)

39,746.2

Market Cap

High in industry

1.3

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.

25 Aug 2025

285.95

1.40%

MAHINDRA & MAHINDRA FIN. SERV. LTD

Accumulate: Mahindra & Mahindra Financ...

Geojit BNP Paribas

ee costs (+11.2% YoY) and other operating expenses (+25.2% YoY). Net profit grew 3.2% YoY to Rs. 530cr, as tax expenses came down by 5.5% YoY. Gross stage 3 (GS3) ratio increased from 3.56% in Q1FY25 to 3.85% in Q1FY26,...

Number of FII/FPI investors increased from 254 to 268 in Jun 2025 qtr.

Mahindra & Mahindra Financial Services Ltd.

01 Aug 2025

285.95

1.40%

Operationally weak Q1; Valuation reasonable

Buy: Mahindra & Mahindra Financ...

Sharekhan

Net earnings were in line with expectations at Rs. 529 crore, increasing 3.2% (y-o-y) but declining 6.0% (q-o-q). This was driven by strong PPOP growth, though higher credit costs offset it.

Mahindra & Mahindra Financial Services Ltd. is trading at high day volume of 4.1M.

Mahindra & Mahindra Financial Services Ltd.

23 Jul 2025

285.95

1.40%

Mahindra & Mahindra Financial Services (MMFS IN) Q1FY26 Result...

Hold: Mahindra & Mahindra Financ...

Prabhudas Lilladhar

Q1 disbursement growth was flat YoY with a weakness in the CV/ PV/ SME segment; AUM grew 15% YoY to Rs 1,220 bn. Expect NIM to improve in subsequent quarters aided by a boost in fee income/Used Vehicle mix and lower CoF. Expect opex costs to be elevated as the company invests in business transformation. Asset quality saw a seasonal weakness in the quarter; we continue to be watchful of collection efficiency trends. We value the standalone business of MMFS at 1.3x FY27E P/ABV. Our SOTP ascribes a valuation of Rs 269 for the standalone business and Rs 16 for subsidiaries, with...

Mahindra & Mahindra Financial Services Ltd. is trading at high day volume of 4.1M.

Mahindra & Mahindra Financial Services Ltd.

23 Jul 2025

285.95

1.40%

Near term outlook uncertain

Sell: Mahindra & Mahindra Financ...

Emkay

Not surprisingly, MMFS posted muted results in Q1FY26, with PAT at ~Rs5.3bn largely hit by elevated credit cost (~25bps higher than our estimate of ~1.9% of business assets), and YoY AUM growth of 15%/disbursement growth of only 1%.

Number of FII/FPI investors increased from 254 to 268 in Jun 2025 qtr.

Mahindra & Mahindra Financial Services Ltd.

23 Jul 2025

285.95

1.40%

M&M Financial Services: Q1FY26 Result Review

Buy: Mahindra & Mahindra Financ...

IDBI Capital

MMFS' NIMs improved by 20bps QoQ led by improvement in yield on assets. Management guided for NIMs to improve from here on with positive impact of rate cut on cost of funds. Asset quality deteriorated with GS3 at 3.85% vs 3.7% QoQ led by higher write offs. Q1 generally is slow quarter with respect to collections. AUM growth slowed down to 15% YoY (17% YoY FY25) led by lower disbursements; we expect 14% CAGR over FY25-27E. NII grew by 20% YoY led by rise in NIMs. PPoP grew by 19% YoY led by lower operating expenses (up 17% YoY). PAT grew slowly by 3% YoY led by higher provisions (up 47% YoY). Thus, RoA...

Number of FII/FPI investors increased from 254 to 268 in Jun 2025 qtr.

Mahindra & Mahindra Financial Services Ltd.

23 Jul 2025

285.95

1.40%

Operationally weak quarter; growth outlook remains clouded

Buy: Mahindra & Mahindra Financ...

Motilal Oswal

Mahindra & Mahindra Financial’s (MMFS) 1QFY26 PAT rose ~3% YoY to ~INR5.3b (in line). NII in 1QFY26 stood at INR20.1b (in line) and grew ~13% YoY.

Mahindra & Mahindra Financial Services Ltd. is trading above all available SMAs

Mahindra & Mahindra Financial Services Ltd.

23 Apr 2025

285.95

1.40%

Uncertain growth and profitability outlook

Sell: Mahindra & Mahindra Financ...

Recommendation Target

Emkay

MMFS logged muted growth/profitability in Q4FY25, with key numbers largely in line with our estimate; but PPoP and PAT were ~5% lower than consensus estimates. Despite the management’s persistent efforts and initiatives in recent years toward diversifying away from the wheels business, MMFS remained dominated by wheels – around 93% (PVs: ~40%).

Number of FII/FPI investors increased from 254 to 268 in Jun 2025 qtr.

Mahindra & Mahindra Financial Services Ltd.

22 Apr 2025

285.95

1.40%

Operationally weak; NIM contraction a negative surprise

Buy: Mahindra & Mahindra Financ...

Target

Motilal Oswal

Mahindra & Mahindra Financial’s (MMFS) 4QFY25 PAT declined ~9% YoY to ~INR5.63b (in line), while FY25 PAT grew ~33% YoY to INR23.4b. NII in 4QFY25 stood at INR19.3b (in line) and grew ~6% YoY.

Number of FII/FPI investors increased from 254 to 268 in Jun 2025 qtr.

Mahindra & Mahindra Financial Services Ltd.

19 Feb 2025

285.95

1.40%

MAHINDRA & MAHINDRA FIN. SERV. LTD

Accumulate: Mahindra & Mahindra Financ...

Target

Geojit BNP Paribas

Number of FII/FPI investors increased from 254 to 268 in Jun 2025 qtr.

Mahindra & Mahindra Financial Services Ltd.

05 Feb 2025

285.95

1.40%

Mixed bag Q3

Buy: Mahindra & Mahindra Financ...

Target

Sharekhan

Net earnings significantly beat estimates due to negligible credit costs driven by reversal of provisions. NII beat estimates, rising 3.2% to Rs. 1,911 crore, growing by 12.5%/5.6% (y-o-y/q-o-q) driven by AUM growth and higher than expected yield on portfolio.

Mahindra & Mahindra .. has an average target of 306.83 from 6 brokers.

Is Mahindra & Mahindra Financial Services Ltd. worth buying?

441 Votes:

Buy 77.32%

Sell 13.83%

Hold 8.84%

RESEARCH REPORTS

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