Lends to retail and small-business borrowers, mainly against vehicles (passenger vehicles, tractors, parts of commercial vehicles, three-wheelers) under its "wheels" franchise, and also under a "non-wheels" franchise covering small-business loans, personal loans and mortgage/housing finance. Total assets stood at ₹158,643.94 cr in FY26, with assets under management of ₹1,37,449 cr as of Q1 FY27 and ₹15,564 cr disbursed in that quarter (up 22% YoY). Financing activities generated 92.8% of segment revenue (₹19,774.61 cr) and ₹3,641.94 cr of EBIT in FY26; the "Others" segment (7.2%, ₹1,524.08 cr) houses subsidiaries in housing finance (MRHFL), insurance broking (MIBL) and asset management. 100% of Q1 FY27 wheels disbursements (about ₹15,000 cr) ran on the Udaan digital stack built on Salesforce and FinnOne, with AI-based collections (Samur.AI) covering 45% of CPC cases. The NBFC carries AAA/Stable ratings from CARE, India Ratings and CRISIL, and is holding an extra ₹5,500 cr liquidity buffer as a hedge against West Asia and El Nino macro risks. Standalone Q1 FY27 PAT was ₹898.65 cr on interest income of ₹4,621 cr, with collection efficiency at 95%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Financing activities (93%), Others (7%). Asset-heavy, diversified retail NBFC lending with rural and semi-urban exposure, run on a digital lending stack.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 11,318 | 12,700 | 15,797 | 18,463 | 21,005 |
| EBITDA (ex other income) | 5,991 | 7,948 | 9,593 | 11,631 | 12,995 |
| margin % | 52.9 | 62.6 | 60.7 | 63.0 | 61.9 |
| Owners' profit | 1,137 | 2,072 | 1,933 | 2,262 | 2,855 |
| EPS, as reported (₹) | 9.23 | 16.81 | 15.66 | 18.32 | 20.88 |
| ROE % · ROCE % | 6.8 · — | 11.1 · — | 9.7 · — | 10.5 · — | 10.7 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 18 | (17,395) | (18,449) | (15,602) | (12,772) |
| Capex | (301) | (413) | (323) | (442) | (416) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,465 | 4,797 | 4,886 | 4,991 | 5,026 | 5,450 | 5,539 | 5,718 |
| Profit before tax | 509 | 1,217 | 594 | 683 | 743 | 1,087 | 1,243 | 1,220 |
| Net profit | 390 | 918 | 456 | 529 | 566 | 826 | 940 | 927 |
| EPS (₹) | 3.15 | 7.43 | 3.70 | 4.06 | 4.06 | 5.93 | 6.75 | 6.66 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Financing activities | 19,440 | 91.3 |
| Others | 1,054 | 4.9 |
| Others # | 805 | 3.8 |
| Total, before eliminations | 21,299 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · M&M Financial Services gets AAA ratings reaffirmed by CRISIL, India Ratings, CARE | credit debt | medium | — | — |
| 5 Sept 2026 · M&M Fin Services to attend UBS India Summit 2026 on Sep 10 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Allotment of 2.2 lakh shares to ESOP Trust under employee benefit schemes | capital market events | low | — | — |
| 3 Sept 2026 · ESG rating of 76 (Leader) maintained for FY2026, unchanged from FY2025 | business updates | low | — | — |
| 28 Aug 2026 · ESOP trust transfers 40,495 shares to four employees on option exercise | capital market events | low | — | — |
| 27 Aug 2026 · M&M Financial Services to attend Elara India Dialogue 2026 on Sept 1 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Motilal Oswal Global Investor Conference on 18 Aug 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Investor Conference Schedule: Emkay Confluence 2026 on 13 August | board shareholder meetings | low | — | — |
| 7 Aug 2026 · M&M Financial Services gets AAA credit rating reaffirmed by three agencies | credit debt | medium | — | — |
| 7 Aug 2026 · M&M Fin Services: AAA ratings reaffirmed by CRISIL, India Ratings, CARE | credit debt | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SHRIRAM FINANCE LIMITED |
| 2,42,019 |
| 18.1 |
| 3.67 |
| 6.7 |
| 15.2 |
| — |
| 22.5 |
| 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.2 | 18.2 | 95 of 212 | 56% |
| P/B | 1.9 | 1.1 | 166 of 245 | 32% |
| ROE | 10.7 | 3.0 | 52 of 266 | 81% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 64.5 | 48.6 | 103 of 249 | 59% |
| Revenue growth | 14.6 | 12.6 | 108 of 231 | 54% |
| Profit growth | 75.3 | 7.8 | 72 of 251 | 72% |
| Market cap | 49539 | 37 | 10 of 260 | 97% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
