Mahindra & Mahindra Financial Services Ltd.
Banking · NSE
52-week range
₹231 – ₹412
From 52w high
-17.7%
RSI (14)
63.5
vs SMA 50 / 200
↑ 50 · ↑ 200
Mahindra & Mahindra Financial Services (M&MFIN) is a listed NBFC trading at 335.25, above both its 50-DMA (320.34) and 200-DMA (318.81), with a trailing PE of 16.1x and forward PE of 11.9x. The company has delivered 5-year earnings growth of 82.6% and a dividend yield of 2.21%, but carries a debt-to-equity ratio of 428 and has recorded FCF-positive years in 0 of its tracked history — characteristics typical of a lending business funded by external borrowings. The stock is 18.67% below its 52-week high despite a 35.29% 1-year gain, reflecting a pullback over the most recent 3 months of 10.67%.
- ✓5-year revenue growth of 40.3% and earnings growth of 82.6% reflect sustained top-line and bottom-line expansion over the medium term.
- ✓Trailing PE of 16.1x is the second-lowest among the 6-peer Banking/NBFC comparison set (Axis Bank at 14.9x being the lowest), with forward PE compressing further to 11.9x, indicating the market is pricing in earnings growth.
- ✓Quality score of 60 ranks first among all 6 peers tracked (Axis Bank 53, Bajaj Finance 51, HDFC Bank 47), suggesting relative fundamental quality within the comparison universe.
- ✓Dividend yield of 2.21% provides an income component; the stock is currently above both its 50-DMA and 200-DMA, placing it in a technically recovered position relative to its recent base.
- ✗Debt-to-equity of 428 reflects structural NBFC leverage; rising debt trend means growth is being funded by external borrowings, amplifying sensitivity to interest rate cycles and credit loss events.
- ✗FCF has been positive 0 of the tracked years and ROE has exceeded 15% in 0 of the tracked years, producing a persistence consistency score of 17 — among the lowest possible readings on that metric.
- ✗ROE of 11.86% is the lowest among the 6 named peers (Bajaj Finance: 17.91%, HDFC Bank: 13.82%, Axis Bank: 13.15%), indicating that despite high leverage, returns on shareholders equity remain below sector peers.
- ✗The stock is 18.67% off its 52-week high and has declined 10.67% over the past 3 months, with resistance levels identified at 386.9, 396.9, and 410 — all meaningfully above current price.
- ·Q3 results coverage (May 2026) was classified neutral by sentiment analysis; a separate headline cited quarterly growth amid market challenges, indicating the recent earnings cycle attracted mixed commentary.
- ·News flow over the most recent 3 weeks is dominated by automated technical and valuation commentary from Markets Mojo; one headline referenced a valuation attractiveness angle, another cited a technical momentum shift — both classified neutral.
- ·Overall news sentiment across 8 articles is neutral (6 neutral, 1 positive, 1 negative), with no major governance, regulatory, or credit-quality headline visible in the top-5 tracked stories.
- ?Given that debt-to-equity of 428 and zero FCF-positive years are structural features of NBFC lending, how does M&MFIN asset quality (gross NPA, net NPA trends) compare to its rural and semi-urban lending peers over the past 4 quarters?
- ?The forward PE of 11.9x implies meaningful earnings growth ahead — what specific drivers (disbursement growth, NIM expansion, credit cost normalisation) are embedded in analyst models that bridge trailing PE of 16.1x down to forward PE of 11.9x?
- ?The quality score of 60 ranks first in the peer set despite ROE ranking last — which underlying sub-components of the quality score are driving that divergence, and are those components durable through a credit cycle?
- ?The stock gained 35.29% over 1 year but has pulled back 10.67% over 3 months and sits 18.67% below its 52-week high — does the recent pullback reflect a change in macro credit assumptions, a sector rotation, or company-specific news not visible in the top headlines?
PE
16.1
Forward PE
11.9
ROE
+11.9%
Profit margin
+29.5%
D/E
428.02
Dividend yield
+2.2%
Quality score
60/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
0/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.