By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services made a net profit of INR 18,273 mil under revenues of INR 59,978 mil in 2018, up 54.2% and 34....
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services made a net profit of INR 18,273 mil under revenues of INR 59,978 mil in 2018, up 54.2% and 34....
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services generated total banking revenues of INR 59,978 mil in 2018, up 34% compared to the p...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR mil | 34,068 | 41,709 | 55,525 |
| Net Fee Income | INR mil | 3,039 | 2,084 | 2,489 |
| Other Income | INR mil | 3,037 | 961 | 1,964 |
| Total Revenues | INR mil | 40,144 | 44,755 | 59,978 |
| Operating Profit | INR mil | 13,640 | 26,189 | 36,406 |
| Provisions | INR mil | 5,263 | 6,769 | 7,171 |
| Net Profit | INR mil | 5,116 | 11,852 | 18,273 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR mil | 1,661 | 1,387 | 4,559 |
| Customer Loans | INR mil | 501,454 | 545,497 | 689,390 |
| Total Assets | INR mil | 532,229 | 587,301 | 745,760 |
| Shareholders' Equity | INR mil | 70,600 | 100,001 | 113,475 |
| Interbank Borrowing | INR mil | 71,407 | 45,730 | 30,165 |
| Customer Deposits | INR mil | ... | 30,521 | 56,309 |
| Issued Debt Securities | INR mil | 249,108 | 338,986 | 463,321 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 7.53 | 13.9 | 17.1 |
| ROA | % | 1.04 | 2.12 | 2.74 |
| Costs (As % Of Assets) | % | 5.40 | 3.32 | 3.54 |
| Costs (As % Of Income) | % | 66.0 | 41.5 | 39.3 |
| Capital Adequacy Ratio | % | 17.6 | 22.7 | 20.3 |
| Net Interest Margin | % | 6.94 | 7.45 | 8.33 |
| Loans (As % Of Deposits) | % | ... | 1,787 | 1,224 |
| NPLs (As % Of Loans) | % | 6.77 | 9.21 | 5.90 |
| Provisions (As % Of NPLs) | % | 58.3 | 48.1 | 22.6 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 35.0 | 24.1 | 14.2 | |
| Price/Book Value (P/BV) | 2.54 | 2.86 | 2.29 | |
| Dividend Yield | % | 0.762 | 0.863 | 1.54 |
| Earnings Per Share (EPS) | 9.00 | 20.4 | 29.7 | |
| Book Value Per Share | 124 | 172 | 184 | |
| Dividend Per Share | 2.40 | 4.25 | 6.52 | |
Get all company financials in excel:
| summary | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||
| Net Interest Income | INR mil | 19,304 | 24,540 | 27,724 | 31,028 | 34,068 | ||||||||||
| Total Revenues | INR mil | 24,424 | 30,196 | 34,178 | 37,281 | 40,144 | ||||||||||
| Operating Profit | INR mil | 14,009 | 17,388 | 17,609 | 18,015 | 13,640 | ||||||||||
| Net Profit | INR mil | 9,270 | 9,544 | 9,129 | 7,723 | 5,116 | ||||||||||
| balance sheet | ||||||||||||||||
| Interbank Loans | INR mil | 1,133 | 3,355 | 2,876 | 3,697 | 1,661 | ||||||||||
| Customer Loans | INR mil | 256,800 | 321,106 | 366,502 | 423,128 | 501,454 | ||||||||||
| Debt Securities | INR mil | 4,575 | 7,218 | 6,542 | 11,989 | 13,739 | ||||||||||
| Total Assets | INR mil | 270,708 | 340,575 | 386,331 | 450,068 | 532,229 | ||||||||||
| Shareholders' Equity | INR mil | 46,032 | 53,302 | 59,920 | 65,369 | 70,600 | ||||||||||
| Interbank Borrowing | INR mil | 15,819 | 15,103 | 52,586 | 52,175 | 71,407 | ||||||||||
| Customer Deposits | INR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Issued Debt Securities | INR mil | 138,154 | 182,538 | 168,652 | 203,412 | 249,108 | ||||||||||
| ratios | ||||||||||||||||
| ROE | % | 24.3 | 19.2 | 16.1 | 12.3 | 7.53 | ||||||||||
| ROA | % | 3.99 | 3.12 | 2.51 | 1.85 | 1.04 | ||||||||||
| Costs (As % Of Assets) | % | 4.48 | 4.19 | 4.56 | 4.61 | 5.40 | ||||||||||
| Costs (As % Of Income) | % | 42.6 | 42.4 | 48.5 | 51.7 | 66.0 | ||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 19.7 | 18.0 | 18.3 | 17.3 | 17.6 | |||
| Net Interest Margin | % | 8.30 | 8.03 | 7.63 | 7.42 | 6.94 | ||||||||||
| Interest Income (As % Of Revenues) | % | 79.0 | 81.3 | 81.1 | 83.2 | 84.9 | ||||||||||
| Fee Income (As % Of Revenues) | % | 8.22 | 7.60 | 14.9 | 7.18 | 7.57 | ||||||||||
| Equity (As % Of Assets) | % | 17.0 | 15.7 | 15.5 | 14.5 | 13.3 | ||||||||||
| Loans (As % Of Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Loans (As % Assets) | % | 94.9 | 94.3 | 94.9 | 94.0 | 94.2 | ||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.58 | 0.540 | 6.77 | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 47.6 | 659 | 58.3 | ||
| valuation | ||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | 2,024 | 2,319 | 2,291 | 2,093 | 2,636 | |||||||||
| Number Of Shares (Average) | mil | 538 | 569 | 569 | 568 | 568 | ||||||||||
| Share Price (End Of Period) | INR | ... | 206 | 252 | 254 | 244 | 315 | |||||||||
| Earnings Per Share (EPS) | 17.2 | 16.8 | 16.1 | 13.6 | 9.00 | |||||||||||
| Book Value Per Share | 85.5 | 93.7 | 105 | 115 | 124 | |||||||||||
| Dividend Per Share | 3.80 | 3.80 | 4.00 | 4.00 | 2.40 | |||||||||||
| Price/Earnings (P/E) | ... | 12.0 | 15.0 | 15.8 | 18.0 | 35.0 | ||||||||||
| Price/Book Value (P/BV) | ... | 2.41 | 2.69 | 2.41 | 2.12 | 2.54 | ||||||||||
| Dividend Yield | % | ... | 1.85 | 1.51 | 1.58 | 1.64 | 0.762 | |||||||||
| Earnings Per Share Growth | % | ... | 39.2 | -2.58 | -4.35 | -15.4 | -33.8 | |||||||||
| Book Value Per Share Growth | % | ... | 46.4 | 9.57 | 12.4 | 9.16 | 8.00 |
| income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||
| Interest Income | INR mil | 36,010 | 47,350 | 54,154 | 59,712 | 65,929 | ||||||||||
| Interest Cost | INR mil | 16,706 | 22,810 | 26,430 | 28,684 | 31,862 | ||||||||||
| Net Interest Income | INR mil | 19,304 | 24,540 | 27,724 | 31,028 | 34,068 | ||||||||||
| Net Fee Income | INR mil | 2,007 | 2,296 | 5,099 | 2,676 | 3,039 | ||||||||||
| Other Income | INR mil | 3,113 | 3,360 | 1,354 | 3,577 | 3,037 | ||||||||||
| Total Revenues | INR mil | 24,424 | 30,196 | 34,178 | 37,281 | 40,144 | ||||||||||
| Operating Cost | INR mil | 10,415 | 12,807 | 16,569 | 19,266 | 26,504 | ||||||||||
| Operating Profit | INR mil | 14,009 | 17,388 | 17,609 | 18,015 | 13,640 | ||||||||||
| Provisions | INR mil | 787 | 2,773 | 3,611 | 5,784 | 5,263 | ||||||||||
| Extra and Other Cost | INR mil | -305 | -0.280 | -0.965 | -10.0 | -0.976 | ||||||||||
| Pre-Tax Profit | INR mil | 13,527 | 14,615 | 13,999 | 12,241 | 8,378 | ||||||||||
| Tax | INR mil | 4,238 | 4,968 | 4,750 | 4,367 | 3,081 | ||||||||||
| Minorities | INR mil | 18.7 | 104 | 120 | 151 | 181 | ||||||||||
| Net Profit | INR mil | 9,270 | 9,544 | 9,129 | 7,723 | 5,116 | ||||||||||
| Dividends | INR mil | 2,048 | 2,161 | 2,275 | 2,275 | 1,365 | ||||||||||
| growth rates | ||||||||||||||||
| Net Interest Income Growth | % | ... | 34.0 | 27.1 | 13.0 | 11.9 | 9.80 | |||||||||
| Net Fee Income Growth | % | ... | ... | ... | ... | ... | ... | ... | 12.3 | 14.4 | 122 | -47.5 | 13.6 | |||
| Total Revenue Growth | % | ... | 38.0 | 23.6 | 13.2 | 9.08 | 7.68 | |||||||||
| Operating Cost Growth | % | ... | 25.4 | 23.0 | 29.4 | 16.3 | 37.6 | |||||||||
| Operating Profit Growth | % | ... | 25.4 | 23.0 | 37.5 | 2.31 | -24.3 | |||||||||
| Pre-Tax Profit Growth | % | ... | 40.7 | 8.05 | -4.22 | -12.6 | -31.6 | |||||||||
| Net Profit Growth | % | ... | 44.1 | 2.95 | -4.35 | -15.4 | -33.8 | |||||||||
| market share | ||||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | ... | ... | ... | ... | 1.03 | 1.12 | 1.13 | 1.11 | 0.998 | ... | ||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | ... | 1.57 | 1.77 | 1.67 | 1.88 | ... | ... | ... |
| balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||||||||||||
| Cash | INR mil | 2,546 | 2,350 | 2,061 | 2,362 | 4,378 | ||||||||||
| Interbank Loans | INR mil | 1,133 | 3,355 | 2,876 | 3,697 | 1,661 | ||||||||||
| Customer Loans | INR mil | 256,800 | 321,106 | 366,502 | 423,128 | 501,454 | ||||||||||
| Debt Securities | INR mil | 4,575 | 7,218 | 6,542 | 11,989 | 13,739 | ||||||||||
| Fixed Assets | INR mil | 1,137 | 1,287 | 1,192 | 1,291 | 1,345 | ||||||||||
| Total Assets | INR mil | 270,708 | 340,575 | 386,331 | 450,068 | 532,229 | ||||||||||
| Shareholders' Equity | INR mil | 46,032 | 53,302 | 59,920 | 65,369 | 70,600 | ||||||||||
| Of Which Minority Interest | INR mil | 237 | 365 | 493 | 675 | 998 | ||||||||||
| Liabilities | INR mil | 224,676 | 287,273 | 326,411 | 384,699 | 461,630 | ||||||||||
| Interbank Borrowing | INR mil | 15,819 | 15,103 | 52,586 | 52,175 | 71,407 | ||||||||||
| Customer Deposits | INR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Issued Debt Securities | INR mil | 138,154 | 182,538 | 168,652 | 203,412 | 249,108 | ||||||||||
| Other Liabilities | INR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| asset quality | ||||||||||||||||
| Non-Performing Loans | INR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 20,997 | 2,369 | 35,342 | ||
| Gross Loans | INR mil | ... | 260,722 | 327,516 | 376,498 | 438,734 | 522,047 | |||||||||
| Total Provisions | INR mil | ... | 3,922 | 6,411 | 9,996 | 15,606 | 20,594 | |||||||||
| growth rates | ||||||||||||||||
| Customer Loan Growth | % | ... | 39.7 | 25.0 | 14.1 | 15.5 | 18.5 | |||||||||
| Total Asset Growth | % | ... | 39.4 | 25.8 | 13.4 | 16.5 | 18.3 | |||||||||
| Shareholders' Equity Growth | % | ... | 51.5 | 15.8 | 12.4 | 9.09 | 8.00 | |||||||||
| Customer Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| market share | ||||||||||||||||
| Market Share in Customer Loans | % | 0.465 | 0.500 | 0.516 | 0.531 | 0.607 | ... | |||||||||
| Market Share in Total Assets | % | 0.312 | 0.337 | 0.347 | 0.357 | 0.375 | ... | |||||||||
| Market Share in Customer Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| ratios | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | ||||||||||||||||
| ROE | % | 24.3 | 19.2 | 16.1 | 12.3 | 7.53 | ||||||||||
| ROA | % | 3.99 | 3.12 | 2.51 | 1.85 | 1.04 | ||||||||||
| Costs (As % Of Assets) | % | 4.48 | 4.19 | 4.56 | 4.61 | 5.40 | ||||||||||
| Costs (As % Of Income) | % | 42.6 | 42.4 | 48.5 | 51.7 | 66.0 | ||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 19.7 | 18.0 | 18.3 | 17.3 | 17.6 | |||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | 17.0 | 15.5 | 15.5 | 14.6 | 13.2 | |||
| Net Interest Margin | % | 8.30 | 8.03 | 7.63 | 7.42 | 6.94 | ||||||||||
| Interest Spread | % | ... | 6.89 | 6.58 | 6.29 | 6.21 | 5.89 | |||||||||
| Asset Yield | % | 15.5 | 15.5 | 14.9 | 14.3 | 13.4 | ||||||||||
| Cost Of Liabilities | % | ... | 8.60 | 8.91 | 8.61 | 8.07 | 7.53 | |||||||||
| Payout Ratio | % | 22.1 | 22.6 | 24.9 | 29.5 | 26.7 | ||||||||||
| Interest Income (As % Of Revenues) | % | 79.0 | 81.3 | 81.1 | 83.2 | 84.9 | ||||||||||
| Fee Income (As % Of Revenues) | % | 8.22 | 7.60 | 14.9 | 7.18 | 7.57 | ||||||||||
| Other Income (As % Of Revenues) | % | 12.7 | 11.1 | 3.96 | 9.60 | 7.57 | ||||||||||
| Equity (As % Of Assets) | % | 17.0 | 15.7 | 15.5 | 14.5 | 13.3 | ||||||||||
| Loans (As % Of Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Loans (As % Assets) | % | 94.9 | 94.3 | 94.9 | 94.0 | 94.2 | ||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.58 | 0.540 | 6.77 | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 47.6 | 659 | 58.3 | ||
| Provisions (As % Of Loans) | % | ... | 1.53 | 2.00 | 2.73 | 3.69 | 4.11 | |||||||||
| Cost of Provisions (As % Of Loans) | % | 0.357 | 0.960 | 1.05 | 1.47 | 1.14 |
| other data | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||||||||||||
| Employees | ... | ... | ... | ... | 11,270 | 12,816 | 14,197 | 15,955 | 17,856 |
Get all company financials in excel:
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services stock traded at INR 422 per share at the end of 2018 implying a market capitalization of USD 3,728 mil. Since the end of 2013, the stock has appreciated by 67.6 % implying an annual average growth of 10.9 %. In absolute terms...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services stock traded at INR 422 per share at the end of 2018 implying a market capitalization of USD 3,728 mil. Since the end of 2013, the stock has appreciated by 67.6 % implying an annual average growth of 10.9 %. In absolute terms...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services's non-performing loans reached 5.90% of total loans at the end of 2018, down from 9.21% compared to the previous year. Historically, the NPL ratio hit an all time high of 9.21% in 2017 and an all time low of 0.540% in 20...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services generated total banking revenues of INR 59,978 mil in 2018, up 34% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of ...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services's non-performing loans reached 5.90% of total loans at the end of 2018, down from 9.21% compared to the previous year. Historically, the NPL ratio hit an all time high of 9.21% in 2017 and an all time low of 0.540% in 20...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services's net interest margin amounted to 8.33% in 2018, up from 7.45% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.2% in 2009 and an all time low of 6.94% in 2...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services stock traded at INR 422 per share at the end 2018 implying a market capitalization of USD 3,728 mil. Since the end of 2013, the stock has appreciated by 67.6 % implying an annual average growth of 10.9 %. In absolute terms, t...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services stock traded at INR 422 per share at the end 2018 implying a market capitalization of USD 3,728 mil. Since the end of 2013, the stock has appreciated by 67.6 % implying an annual average growth of 10.9 %. In absolute terms, t...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services's net interest margin amounted to 8.33% in 2018, up from 7.45% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.2% in 2009 and an all time low of 6.94% in 2...
By Helgi Library - November 7, 2019
Mahindra & Mahindra Financial Services generated total banking revenues of INR 44,755 mil in 2017, up 11.5% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when co...
Mahindra & Mahindra Financial Services has been growing its revenues and asset by 17.2% and 18.3% a year on average in the last 3 years. Its loans and deposits have grown by 17.7% and % a year during that time and loans to deposits ratio reached 1,224% at the end of 2018. The company achieved an average return on equity of 12.8% in the last three years with net profit growing 33.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 39.3% in 2018, compared to 48.9% average in the last three years.
Equity represented 15.2% of total assets or 16.5% of loans at the end of 2018. Mahindra & Mahindra Financial Services's non-performing loans were 5.90% of total loans while provisions covered some 22.6% of NPLs at the end of 2018.
Mahindra & Mahindra Financial Services stock traded at INR 422 per share at the end of 2018 resulting in a market capitalization of USD 3,728 mil. Over the previous five years, stock price rose by 67.59999999999999% or 10.9% a year on average. That’s compared to an average ROE of 13.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 14.2x and price to book value (PBV) of 2.29x in 2018.
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