Mahindra & Mahindra Financial Services balance sheet

As of Sep 2026

Loans: ₹1,52,771cr+16.7% on Sep 2025
Total debt: ₹1,49,579cr+23.2% on Sep 2025
Total assets: ₹1,80,292cr+20.9% on Sep 2025
Shareholders' equity: ₹27,526cr+11.0% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Non-financial assets
Financial assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	5,252	465	1,830	904	587
	6,628	7,103	4,017	2,551	3,480
	470	403	31.0	0.0	0.0
	334	326	247	173	98.4
	1,52,771	1,39,265	1,23,514	1,06,344	86,456
	11,340	7,407	10,590	9,598	10,063
	249	238	263	872	1,664
	1,77,044	1,55,207	1,40,491	1,20,442	1,02,348
	508	623	736	733	569
	809	826	829	802	746
	1,059	1,075	1,027	983	855
	1.4	1.7	0.5	0.0	0.0
	219	253	180	25.0	15.5
	2.5	5.4	65.6	105	2.6
	648	653	776	625	549
	3,248	3,437	3,614	3,273	2,736
	1,80,292	1,58,644	1,44,105	1,23,716	1,05,085
Financial liabilities
	3.2	7.5	392	335	181
	35,584	30,728	29,862	29,888	27,913
	94,518	77,612	71,754	56,790	44,154
	14,700	14,130	11,374	7,175	5,459
	4,776	5,901	6,104	4,466	3,903
	1,436	1,492	1,042	2,774	2,966
	1,51,949	1,31,052	1,21,989	1,03,172	85,861
Non-financial liabilities
	259	169	82.2	129	74.2
	401	465	257	255	309
	157	266	205	186	139
	817	900	544	569	523
	1,52,765	1,31,952	1,22,532	—	—
Equity
	278	278	247	247	247
	27,209	26,361	21,282	19,686	18,313
	27,487	26,639	21,529	—	—
	38.9	53.3	43.5	—	—
	27,526	26,692	21,573	19,975	18,701
	1,80,292	1,58,644	1,44,105	1,23,716	1,05,085
Trade payables — MSME split
	0.5	0.3	0.3	0.4	0.0
	2.4	5.7	2.7	2.8	2.6
	917	1,142	1,440	1,679	1,246
	11.7	34.1	17.9	61.7	37.4

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

M&MFIN₹264.80

Mahindra & Mahindra Financial Services Ltd.

· Banking & Finance

₹ CrorePeersCHOLAFIN SHRIRAMFIN LTF MOTILALOFS IREDA TATAINVEST ICICIAMC HUDCOMcap ₹36,795 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Financial Assets
+ Cash & Cash Equivalents	586.5	903.5	1,830.3	465.5	5,251.9
+ Other Bank Balances	3,480.4	2,551.5	4,017.0	7,102.7	6,628.0
+ Derivative Financial Instruments	0.0	0.0	31.0	402.6	470.3
+ Trade Receivables	98.4	173.4	246.7	325.7	334.0
+ Loans	86,456.1	1,06,344.0	1,23,513.6	1,39,264.8	1,52,770.9
+ Investments	10,063.1	9,598.5	10,589.8	7,406.9	11,340.3
+ Other Financial Assets	1,663.9	871.7	262.8	238.3	248.7
Financial Assets	1,02,348.4	1,20,442.4	1,40,491.0	1,55,206.5	1,77,044.1
Non-financial Assets
+ Current Tax Assets (net)	568.5	733.5	736.4	623.3	507.8
+ Deferred Tax Assets (net)	745.8	801.8	828.6	825.9	809.3
+ Property, Plant & Equipment	855.1	983.0	1,027.1	1,075.3	1,059.4
+ Capital Work-in-Progress	0.0	0.0	0.5	1.7	1.4
+ Other Intangibles	15.5	25.0	179.8	253.0	219.0
+ Intangibles under Development	2.6	105.4	65.6	5.4	2.5
+ Other Non-financial Assets	548.9	624.7	776.2	652.8	648.2
Non-financial Assets	2,736.4	3,273.4	3,614.2	3,437.4	3,247.6
Total Assets	1,05,084.8	1,23,715.8	1,44,105.3	1,58,643.9	1,80,291.7
Financial Liabilities
+ Derivative Financial Instruments	180.7	335.3	391.6	7.5	3.2
+ Debt Securities	27,912.8	29,888.4	29,861.9	30,727.9	35,584.0
+ Borrowings (other than Debt Securities)	44,154.4	56,789.5	71,753.5	77,612.4	94,518.4
+ Deposits	5,458.7	7,174.7	11,374.0	14,129.6	14,700.3
+ Subordinated Liabilities	3,902.6	4,466.5	6,103.8	5,900.6	4,776.3
+ Other Financial Liabilities	2,965.5	2,774.2	1,042.4	1,492.0	1,435.6
Financial Liabilities	85,860.8	1,03,172.1	1,21,988.5	1,31,051.8	1,51,948.8
Non-financial Liabilities
+ Current Tax Liabilities (net)	74.2	128.6	82.2	168.9	259.2
+ Provisions	309.3	254.7	256.7	465.3	400.6
+ Other Non-financial Liabilities	139.0	185.5	204.8	266.0	156.9
Non-financial Liabilities	522.5	568.8	543.8	900.2	816.6
Total Liabilities	—	—	1,22,532.3	1,31,952.0	1,52,765.5
Equity
+ Equity Share Capital	246.7	246.9	247.0	277.9	277.9
+ Other Equity	18,313.4	19,686.4	21,282.5	26,360.7	27,209.4
Equity — Owners of Parent	—	—	21,529.5	26,638.6	27,487.3
+ Minority Interest	—	—	43.5	53.3	38.9
Total Equity	18,701.4	19,974.9	21,573.0	26,692.0	27,526.2
Total Equity & Liabilities	1,05,084.8	1,23,715.8	1,44,105.3	1,58,643.9	1,80,291.7
Trade Payables — MSME split
+ Dues to Micro & Small Enterprises	0.0	0.4	0.3	0.3	0.5
+ Dues to Micro & Small — Other Payables	2.6	2.8	2.7	5.7	2.4
+ Dues to Other Creditors	1,246.0	1,678.6	1,440.3	1,141.8	916.6
+ Dues to Other Creditors — Other Payables	37.4	61.7	17.9	34.1	11.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.