Mahindra & Mahindra Financial Services profitability ratios

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Margins & efficiency
Returns						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	11.9%	11.9%	10.9%	10.0%	12.1%
	1.9%	1.9%	1.7%	1.7%	2.3%
	6.3%	6.3%	6.1%	6.5%	7.7%
	36.7%	36.7%	39.8%	40.6%	44.6%
	1.9%	1.9%	1.8%	2.0%	1.5%
	15.9%	13.6%	12.3%	12.3%	16.3%
Leverage
	5.94×	5.94×	6.68×	6.19×	5.62×
	4.81×	4.81×	5.52×	4.92×	4.35×
Additional
	25.8%	25.7%	25.9%	25.5%	26.5%
	—	31.6%	34.4%	38.1%	21.4%

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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

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Returns
Return on Common Equity	12.07	9.99	10.90	11.85	11.85
Return on Assets	2.30	1.70	1.69	1.89	1.89
Margins & Efficiency
Net Interest Margin (on avg assets)	7.69	6.51	6.09	6.27	6.27
Cost to Income	44.63	40.57	39.77	36.73	36.73
Credit Cost (impairment / avg loans)	1.53	2.03	1.81	1.89	1.89
Net Income Margin	16.31	12.30	12.25	13.62	15.92
Leverage
Leverage (Assets/Equity)	5.62	6.19	6.68	5.94	5.94
Total Debt/Equity	4.35	4.92	5.52	4.81	4.81
Additional
Effective Tax Rate	26.54	25.48	25.87	25.68	25.78
Dvd Payout Ratio	21.44	38.08	34.40	31.58	—

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%.