Financial & Valuation Intelligence™
Mahindra & Mahindra Financial Services Limited
NSE
M&MFIN
Sector: Financial Services· Non Banking Financial Company (NBFC)Current Price
₹277.1
Market Cap
₹38.84K Cr
AI Financial Summary
Mahindra & Mahindra Financial Services Limited (M&MFIN) demonstrates strong double-digit growth in revenue and earnings, supported by a significant margin of safety relative to its intrinsic value. While top-line expansion is robust, the company faces challenges regarding operational cash flow volatility and a tight interest coverage ratio characteristic of the NBFC sector.
Business Performance (CAGR)
10 Years
Revenue
12.7%
PAT
21.0%
EPS
19.9%
Book Value
15.0%
Free Cash Flow
—
Valuation Snapshot
P/E13.9
P/B1.5
EV/EBITDA12.1
P/S1.8
Div Yield2.68%
Financial Health
Debt to Equity4.82
Interest Coverage1.4x
Current Ratio2.17
Cash & Investments₹14.98K Cr
Profitability Metrics
ROE
10.7%
ROCE
8.2%
ROA
1.8%
EBITDA Mgn
62.6%
Op Margin
60.6%
Net Margin
13.6%
Cash Flow Intelligence
Operating Cash Flow₹-12.77K Cr
Free Cash Flow₹-13.22K Cr
Cash Conversion-447.4%
FCF Margin-62.8%
Intrinsic Value
PremiumEstimated Intrinsic Value
████████
Current Price₹277.1
Margin of Safety██.██%
Estimated Intrinsic Value & DCF Fair Value are available with Premium plans.
AI Business Verdict
M&MFIN represents an attractive growth-oriented opportunity in the financial services sector, provided management improves cash flow efficiency.
- Strong historical growth in both revenue and net profit.
- Significant margin of safety based on intrinsic value estimates.
- High operational margin stability within the core business.
Balance Sheet
AI-Powered Analysis
Balance Sheet Strength™
62/100
Good
Mahindra & Mahindra Financial Services Limited maintains a balanced sheet with adequate liquidity and manageable leverage.
AI Confidence
92%
Stability
61
Flexibility
44
Strength Factors
Liquidity92
Leverage40
Working Capital92
Asset Quality20
Shareholder Strength85
Financial Stability61
Financial Flexibility™
44/100
Weak
Capacity to fund growth, withstand downturns and return capital.
Total Assets
₹1.59 L Cr
▲ 10.2% YoY
Total Liabilities
₹1.32 L Cr
▲ 7.8% YoY
Shareholder Equity
₹26.64K Cr
▲ 23.7% YoY
Net Cash Position
₹-1.13 L Cr
Monitor
Debt / Equity
4.82x
Elevated
Enterprise Value
₹1.52 L Cr
Capital Structure
Assets
₹1.59 L Cr
Equity
₹26.64K Cr (16.8%)
Liabilities
₹1.32 L Cr (83.2%)
Debt Intelligence™
Debt vs Cash Trend
Debt / Equity4.82x
Interest Coverage1.4x
Debt / EBITDA44.97x
Net Debt₹1.13 L Cr
Debt Trend (5Y)25.9%
Debt MaturityWell Staggered
Liquidity Intelligence™
Current Ratio2.17
Quick Ratio2.17
Cash Ratio0.06
Working Capital₹4.26K Cr
Operating Cash CoverageWeak
Short-term LiquidityExcellent
Working Capital Intelligence™
CCC Trend
Receivable Days6
Inventory DaysNot Available
Payable DaysNot Available
Cash Conversion Cycle6 days
Asset Quality (% of Total Assets)
Cash & Investments4.8%
Property, Plant & Equip.0.8%
ReceivablesNot Available
InventoryNot Available
GoodwillNot Available
Intangible AssetsNot Available
Other Assets99.2%
Shareholder Strength™
Strength Radar
Book Value CAGR (5Y)15.0%
Net Worth CAGR (5Y)16.1%
Retained EarningsStrong
Equity Dilution0.00%
Buyback EfficiencyGood
Dividend Sustain.Strong
Balance Sheet Evolution
Annual
Balance Sheet Risk Monitor
Debt RiskHigh
Liquidity RiskLow
Working Capital RiskLow
Refinancing RiskHigh
Asset Quality RiskHigh
Dilution RiskLow
Contingent LiabilityLow
Overall Balance Sheet RiskElevated
Balance Sheet Stress Test™
Economic Slowdown29
Acquisition Capacity43
High Interest Rates40
Dividend Sustainability64
Revenue Decline68
Cash Flow Resilience51
Expansion Capacity60
Overall Resilience Score
51/100
Fragile — Review Risks
AI Balance Sheet Commentary
Overall Assessment
- Mahindra & Mahindra Financial Services Limited maintains a balanced sheet with adequate liquidity and manageable leverage.
What Stands Out
- Strong shareholder equity growth
- Comfortable short-term liquidity cushion
- Efficient working capital cycle
Areas To Monitor
- Elevated debt-to-equity ratio
- Thin interest coverage — cyclical earnings risk
- Large 'other assets' bucket — investigate composition
Financial data based on consolidated numbers and TTM · Source: Company Filings, Annual Report AI Analysis · Data as of: 31/03/2026