Mahindra & Mahindra Financial Services, incorporated in the year 1991, is a Large Cap company with a market cap of Rs 20367.71 Crore, operating in NBFC sector.
Mahindra & Mahindra Financial Services key Products/Revenue Segments include Interest, Fees & Other Charges, Income From Sale Of Share & Securities, Dividend and Rental Income for the year ending 31-Mar-2020.
Investment Rationale
Contrary to expectations, the company has not yet been able to ramp up disbursements to pre-Covid levels; in Motilal Oswal’s view, this is still 1–2 quarters away. Hence, the brokerage forecasts 3 per cent/11 per cent loan growth over FY22/FY23.
However, the brokerage believes that the company has done a good job of increasing provisions on the balance sheet; hence, it lowers FY22 credit cost estimate.
Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 3038.37 Crore, up 1.52 per cent from last quarter Total Income of Rs 2992.94 Crore and down 3.24 per cent from last year same quarter Total Income of Rs 3140.24 Crore. Company has reported net profit after tax of Rs 204.76 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 51.18 per cent stake in the company as of March 31, 2020, while FIIs held 23.94 per cent, DIIs 15.56 and public and others 9.32 per cent.
