Case study

M&MFIN

Mahindra & Mahindra Financial Services Limited

Worth a closer look1y model +3.6%

Each stock's 10,000-path forecast, rendered as light.

57Score

Mahindra & Mahindra Financial Services Limited (M&MFIN) Stock Analysis & Case Study

Is M&MFIN a good buy? The data-driven verdict.

Mahindra & Mahindra Financial Services Limited (M&MFIN) trades at ₹408,on the numbers it worth a closer look, a Downstox Snapshot Score of 57/100.

On the numbers, Mahindra & Mahindra Financial Services Limited (M&MFIN) worth a closer look, a Downstox Snapshot Score of 57/100, weighing fairly valued at 16.9× earnings, ROE of 12.3%, a 54% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

M&MFIN fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹56,773 Cr
Current price
₹408
P/E ratio
16.9×
P/B ratio
2.13×
Book value
₹192
Dividend yield
1.84%
ROCE
8.7%
ROE
12.3%
Piotroski F-Score
6/8

How M&MFIN ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for M&MFIN, as of 9 Aug 2026, so it is not ranked here.

Is M&MFIN overvalued? M&MFIN P/E vs peers

M&MFIN trades at 16.9× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

M&MFIN share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of M&MFIN history (7%/yr drift, 35%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
M&MFIN 2027₹265₹423₹674+4%
M&MFIN 2028₹233₹438₹823+7%
M&MFIN 2029₹210₹454₹979+11%
M&MFIN 2030₹192₹470₹1,153+15%
M&MFIN 2031₹181₹487₹1,312+19%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability M&MFIN goes up, or doubles?

54%
Higher in 1 year
Modelled chance the price is above today in 12 months
59%
Higher in 5 years
Modelled chance the price is above today in 5 years
26%
Doubles in 5 years
Modelled chance of reaching ₹817 within 5 years

The bull case for M&MFIN

  • M&MFIN's P/E of 16.9x is lower than 69% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • M&MFIN's return on equity of 12.3% ranks in the 60th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹979.

The bear case & risks

  • No model or past record guarantees future returns, treat this as one input, not a decision.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹210.

M&MFIN volatility & expected range, how bumpy is the ride?

Over the last 9.8 years M&MFIN compounded at 7%/year with annualized volatility of 35%. That volatility implies a 1-year 80% range of ₹265-₹674, the honest backbone behind any single price target.

M&MFIN price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
3.6%
80% range₹265-₹674
P(price ↑)54%
P(price 2×)3%
3-Year Forecast
2029
₹0
Median (P50)
11.1%
80% range₹210-₹979
P(price ↑)57%
P(price 2×)17%
5-Year Forecast
2031
₹0
Median (P50)
19.1%
80% range₹181-₹1,312
P(price ↑)59%
P(price 2×)26%

M&MFIN price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
M&MFIN simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds M&MFIN hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the M&MFIN price target & forecast page.

M&MFIN Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. M&MFIN scores 6/8, mixed financial health.

M&MFIN MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy M&MFIN with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox33.18%3.0×
Zerodha33.32%3.0×
Groww33.25%3.0×
Dhan33.32%3.0×
Kotak Neo33.33%3.0×
Paytm Money33.25%3.0×
PocketfulCHEAPEST32.21%3.1×
Anand Rathi33.32%3.0×
Bajaj Broking34.00%2.9×
Share India33.25%3.0×

Compare every broker on the M&MFIN MTF page.

About Mahindra & Mahindra Financial Services Limited: sector, index & market-cap context

Mahindra & Mahindra Financial Services Limited (M&MFIN) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹56,773 Cr. See more stocks on our screener.

How the M&MFIN Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Mahindra & Mahindra Financial Services Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

M&MFIN analysis, FAQs

Is Mahindra & Mahindra Financial Services Limited (M&MFIN) a good buy?

On the numbers, Mahindra & Mahindra Financial Services Limited (M&MFIN) worth a closer look, a Downstox Snapshot Score of 57/100, weighing fairly valued at 16.9× earnings, ROE of 12.3%, a 54% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is M&MFIN overvalued or undervalued?

M&MFIN trades at 16.9× earnings, fairly valued versus the ~22× long-run Nifty average.

What is the M&MFIN share price target for 2031?

M&MFIN's probability-weighted 2031 median target is ₹487, with an 80% range of ₹181-₹1,312 (10,000-path Monte-Carlo).

What is the probability M&MFIN doubles in 5 years?

The modelled probability of M&MFIN reaching ₹817 (2×) within 5 years is 26%.

What is the bull case for M&MFIN?

M&MFIN's P/E of 16.9x is lower than 69% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. M&MFIN's return on equity of 12.3% ranks in the 60th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in M&MFIN?

No model or past record guarantees future returns, treat this as one input, not a decision.

More on M&MFIN