ESOP Transfer
Ask the chart: “Has this stock recovered from similar drawdowns before?”
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Latest filings
NSE announcements · newest firstIssue of NCDs
Mahindra & Mahindra Financial Services Limited has informed the Exchange about ESG Rating
'ESOP Transfer'.
Schedule of Investor Conference
Key MetricsFull financials →
P/E (TTM)
14.2×
EPS ₹23.46
P / Book
1.74×
BVPS ₹192
ROE
11.9%
FY26, avg equity
Net margin
13.6%
FY26
Revenue YoY
+14.6%
Q1 FY27
Net profit YoY
+75.3%
Q1 FY27
Debt / equity
2.91×
₹77,612 Cr debt
Div. yield
2.25%
₹7.50 in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| HDBFS₹53,818 Cr | 19.5× | 2.60× | 12.3% | 13.8% |
| SUNDARMFIN₹49,683 Cr | 22.4× | 3.34× | 14.7% | 21.0% |
| PIRAMALFIN₹48,446 Cr | – | 1.72× | 5.4% | 12.7% |
| AIIL₹47,521 Cr | 22.7× | 3.23× | 13.1% | 74.0% |
| M&MFIN₹46,286 Cr | 14.2× | 1.74× | 11.9% | 13.6% |
| POONAWALLA₹37,291 Cr | 47.4× | 3.60× | 5.9% | 8.0% |
Non Banking Financial Company (NBFC): the companies closest in market value, of the 53 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags5 Watch
Operating cash flow was -6.24× net profit
Cumulative over FY22–FY26 (5 years).
Free cash flow was negative in 5 of the last 5 years
Operating cash flow less capital expenditure, as filed.
Debt to equity is 2.91×
As at 2026-03-31; it was 2.36× at 2023-03-31.
Profit before interest and tax covers finance costs 1.4×
FY26.
Share count changed +12.6% in three years, net of bonuses and splits
From 2023-03-31 to 2026-03-31. Shares issued for mergers, placements, conversions and stock options all count.
7 checks within their thresholds
Other income is 2% of profit before tax
FY26.
Exceptional items above 5% of pre-tax profit in 0 of the last 5 years
FY22–FY26.
Effective tax rate averaged 26%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
Promoter holding is 52.49%, +0.00 points over a year
2026-06-30 against 2025-06-30.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Results were filed late in 0 of the last 8 quarters
Slowest filing came 29 days after the period end.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 1 check not run for lack of data.
Formula Scores
Piotroski F-score: 3 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✓ Return on assets positive: 1.99 — profit after tax over the year's opening total assets, %
- ✗ Operating cash flow positive: -12,772.2 — ₹ crore
- ✗ Cash flow above profit (accruals): -15,633.3 — operating cash flow less profit after tax, ₹ crore
- ✓ Return on assets improved: 0.16 — change in ROA, percentage points
- ✓ Long-term borrowings to assets fell: -0.87 — change in long-term borrowings over total assets, percentage points
- Current ratio improved — current assets or liabilities not broken out
- ✗ No new shares issued: 12.52 — change in share capital, %
- Gross margin improved — material cost not reported (a services company has none)
- ✗ Asset turnover improved: -0.003 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹2,861 Cr (2026-03-31) · profit after tax ₹2,261 Cr (2025-03-31) · total assets ₹1,58,644 Cr (2026-03-31) · total assets ₹1,44,105 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
7 of the nine tests could be run; the score counts the ones that passed
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: not computed · FY to 2026-03-31needs total and current assets, current liabilities, reserves, equity, profit before tax and revenue
Graham number: 299.96 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 20.86
- book value per share: 191.71 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 20.86 (2026-03-31) · owners' equity ₹26,639 Cr (2026-03-31) · paid-up capital ₹278 Cr (2026-03-31) · face value 2 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: 10.33 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹2,861 Cr (2026-03-31) · operating cash flow ₹-12,772 Cr (2026-03-31) · total assets ₹1,58,644 Cr (2026-03-31) · total assets ₹1,44,105 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.