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13 Jul 2025 |
M&M Financial
|
Consensus Share Price Target
|
265.80 |
291.83 |
- |
9.79 |
hold
|
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|
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23 Apr 2025
|
M&M Financial
|
Emkay
|
265.80
|
280.00
|
269.90
(-1.52%)
|
Target met |
Sell
|
|
|
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%).
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22 Apr 2025
|
M&M Financial
|
Motilal Oswal
|
265.80
|
335.00
|
277.15
(-4.10%)
|
Pre-Bonus/ Split |
Buy
|
|
|
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.
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|
19 Feb 2025
|
M&M Financial
|
Geojit BNP Paribas
|
265.80
|
314.00
|
278.40
(-4.53%)
|
Pre-Bonus/ Split |
Accumulate
|
|
|
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|
05 Feb 2025
|
M&M Financial
|
Sharekhan
|
265.80
|
340.00
|
298.45
(-10.94%)
|
Pre-Bonus/ Split |
Buy
|
|
|
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.
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|
29 Jan 2025
|
M&M Financial
|
Emkay
|
265.80
|
360.00
|
270.00
(-1.56%)
|
Pre-Bonus/ Split |
Buy
|
|
|
MMFS delivered a stable quarter in terms of growth, margins, and credit costs. Quarterly PAT stood at ~Rs9bn, with the beat primarily driven by minimal credit costs, which resulted from the ECL-model refresh (leading to lower PD and LGD estimates).
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|
23 Oct 2024
|
M&M Financial
|
Emkay
|
265.80
|
360.00
|
267.55
(-0.65%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Driven by the surge in credit cost (Q2: Rs7.0bn vs our estimate of Rs5.0bn and Q1: Rs4.5bn), MMFS reported weaker profitability in Q2FY25, with PAT at Rs3.7bn logging significantly below our estimate of Rs5.0bn.
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|
18 Oct 2024
|
M&M Financial
|
Emkay
|
265.80
|
360.00
|
282.15
(-5.79%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We upgrade MMFS to BUY with our revised Sep-25E TP of Rs360 (implying FY26E P/BV of 2x; up from Rs280 earlier).
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|
01 Oct 2024
|
M&M Financial
|
Emkay
|
265.80
|
270.00
|
330.10
(-19.48%)
|
Target met |
Sell
|
|
|
We recently met Raul Rebello (MD & CEO) and Vivek Karve (CFO) of MMFS for an update on the company’s strategy and recent developments in the sector and the company.
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|
07 Aug 2024
|
M&M Financial
|
Geojit BNP Paribas
|
265.80
|
330.00
|
303.80
(-12.51%)
|
Target met |
Accumulate
|
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|
24 Jul 2024
|
M&M Financial
|
Emkay
|
265.80
|
270.00
|
298.70
(-11.01%)
|
Target met |
Sell
|
|
|
MMFS reported a satisfactory set of numbers in Q1FY25, with PAT at Rs5.1bn coming below our estimate of Rs5.4bn and marginally above consensus estimate of ~Rs5bn.
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|
24 Jul 2024
|
M&M Financial
|
Anand Rathi
|
265.80
|
340.00
|
298.70
(-11.01%)
|
Target met |
Buy
|
|
|
Steady AUM growth, led by premiumization. Barring tractors, disbursements were healthy, which drove AUM up 23% y/y, 4% q/q.
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|
24 Jul 2024
|
M&M Financial
|
IDBI Capital
|
265.80
|
325.00
|
298.70
(-11.01%)
|
Target met |
Hold
|
|
|
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|
24 Jul 2024
|
M&M Financial
|
Motilal Oswal
|
265.80
|
350.00
|
298.70
(-11.01%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Mahindra & Mahindra Financial’s (MMFS) 1QFY25 PAT grew ~45% YoY to ~INR5.1b (in line). NII stood at INR17.8b (5% miss), up ~13% YoY.
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|
16 May 2024
|
M&M Financial
|
Geojit BNP Paribas
|
265.80
|
287.00
|
266.65
(-0.32%)
|
Target met |
Hold
|
|
|
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|
07 May 2024
|
M&M Financial
|
Emkay
|
265.80
|
260.00
|
256.90
(3.46%)
|
Target met |
Sell
|
|
|
MMFS reported a satisfactory performance in Q4FY24, against the backdrop of the already disclosed large-scale fraud at Company’s Aizawl branch comprising of ~2.9K loan accounts and ~Rs1.36bn worth of loans
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|
07 May 2024
|
M&M Financial
|
IDBI Capital
|
265.80
|
325.00
|
256.90
(3.46%)
|
Target met |
Buy
|
|
|
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|
06 May 2024
|
M&M Financial
|
Sharekhan
|
265.80
|
345.00
|
259.90
(2.27%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Net interest income (NII) at Rs. 1,812 crore (marginally above estimates) grew by 13% y-o-y/ 7% q-o-q. NIMs (cal.) improved by 14 bps q-o-q to 7.3%.
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|
24 Apr 2024
|
M&M Financial
|
Emkay
|
265.80
|
260.00
|
257.95
(3.04%)
|
Target met |
Sell
|
|
|
On 22-Apr-2024, MMFS informed the exchanges that it has detected a fraud in one of its branches in the Northeast that involved forged KYC documents for retail vehicle loan disbursements, thus leading to embezzlement of Company’s funds
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|
31 Jan 2024
|
M&M Financial
|
Motilal Oswal
|
265.80
|
340.00
|
289.20
(-8.09%)
|
Target met |
Buy
|
|
|
|
|
28 Oct 2023
|
M&M Financial
|
Motilal Oswal
|
265.80
|
330.00
|
277.30
(-4.15%)
|
Target met |
Buy
|
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|