Mahindra & Mahindra Financial Services (Mahindra Finance) recorded an overall disbursement of approximately Rs 4,530 crore in July 2024, delivering 3% year on year (YoY) growth.

Mahindra Finance disbursements rise 3% YoY in Jul′24

Mahindra & Mahindra Financial Services allots NCDs aggregating Rs 380 cr

M&M Financial Services’ strong earnings beat and growth potential support our Buy rating with a target price of ₹340.

Broker’s call: M&M Financial (Buy)

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 36553.15 Crore) operating in NBFC sector.

Buy Mahindra & Mahindra Financial Services, target price Rs 350: Motilal Oswal

Mahindra and Mahindra Financial Services on Tuesday reported a 45 per cent jump in June quarter net profit to Rs 513 crore.

M&M Fin Q1 profit jumps 45 pc to Rs 513 cr

Mahindra & Mahindra Financial Services added 1.16% to Rs 295.90 after the NBFC’s standalone net profit jumped 45% to Rs 513 crore in Q1 FY25 as against Rs 353 crore reported in Q1 FY24.

Mahindra Finance gains as Q1 PAT jumps 45% YoY to Rs 513 cr

Mahindra & Mahindra Financial Services consolidated net profit rises 38.74% in the June 2024 quarter

Upcoming results: Bajaj Finance, DCM Shriram, Heritage Foods, Hindustan Unilever, ICICI Prudential, ICRA, Indoco Remedies, ICICI Securities, Kajaria Ceramics, Mahindra and Mahindra Financial Services, Schaffler India, Sharda Cropchem, SRF, Steel Strips Wheels, Thyrocare Technologies, Torrent Pharmaceuticals, and United Spirits.

Stock Alert: Reliance Industries, Cyient DLM, Zensar Tech, Suzlon Energy, Federal Bank, Gensol Engineering

Mahindra & Mahindra Financial Services (M&MFin) announced an interim dividend of ₹6.30 per share for FY 2023-24, with July 16, 2024, set as the record date. This will result in necessary adjustments in futures and options (F&O) contracts on the stock, with the reference rate for futures being the settlement price on July 15 minus the dividend amount, and options strike prices being reduced by ₹6.30.

Short Take: M&MFin F&O Contracts Adjustment

Mahindra & Mahindra Financial Services reported disbursement up 5% year-on-year at Rs 12,730 crore for the end of Q1 FY25 and business assets increased 4% QoQ at Rs 1.06 lakh crore. Collection efficiency for the end of Q1 FY25 stood at 94%.

Stock Alert: Mahindra & Mahindra Finance, Yes Bank, NTPC, Hindustan Zinc, Dmart,

Stocks to watch on June 26: Vivek Karve has resigned as CFO of M&M Financial Services and Financial Services to pursue other interests

Stocks in focus today: M&M Fin, Akme Fintrade, Adani Ports, IDBI Bank

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mahindra & Mahindra Financial Services Limited is a non-banking financial company (NBFC). The Company serves the financing needs of population residing in rural and semi-urban areas of India.