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Mahindra & Mahindra Financial Services Share Price Target...

2026-04-27 · 4 min read

Sector - Finance
Mahindra & Mahindra Financial Services Share Price Target...

Mahindra & Mahindra Financial Services Ltd, commonly known as Mahindra Finance, is not the flashiest stock in the Mahindra Group.

Mahindra & Mahindra Financial Services Ltd Share Price Target

Mahindra & Mahindra Financial Services Ltd is a leading Indian NBFC focused on rural and semi-urban financial services. It is part of the Mahindra Group, which gives it strong brand recall, distribution support and access to a large ecosystem of vehicle and tractor customers.

Financial table for Mahindra & Mahindra Financial Services Ltd

Market Cap₹42,888 Cr.(As of April 2026)
Price to Earnings17.4
Return on equity10.9%
Debt to equity4.90
Current ratio2.73
Dividend Yield2.09%
Return on assets1.69%
ROCE8.77%
Face Value₹ 2.00
52 Week High₹412
52 Week Low₹236

Mahindra & Mahindra Financial Services Shareholding Pattern



Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Promoters

51.19%

52.16%

52.16%

52.16%

52.16%

52.16%

52.49%

FIIs

23.94%

20.17%

17.90%

14.85%

11.95%

10.68%

9.40%

DIIs

15.55%

16.76%

16.16%

25.18%

28.61%

31.31%

32.09%

Public

8.93%

10.62%

13.58%

7.68%

7.18%

5.81%

5.98%

Other

0.39%

0.29%

0.21%

0.16%

0.09%

0.05%

0.03%

No. of Shareholders

77,698

1,88,131

2,50,678

1,86,265

2,27,512

2,17,620

2,36,252


Mahindra & Mahindra Financial Services Ltd Price Target 2026, 2027, 2028 to 2030

YEAR 2026

Target Range (₹) : 430-500

for the move Rural lending growth supports steady expansion. Projected Targets:
YEAR 2027

Target Range (₹) : 550-630

for the move Scaling of rural credit and digital lending improves growth and efficiency. Projected Targets:
YEAR 2028

Target Range (₹) : 590-630

for the move Diversification into SME lending supports growth. Projected Targets:
YEAR 2029

Target Range (₹) : 650-730

for the move Rural credit cycle supports steady loan growth. Projected Targets:
YEAR 2030

Target Range (₹) : 750-920

for the move Mature NBFC with diversified lending and strong rural presence.

Historic Performance:

Mahindra & Mahindra Financial Services Ltd Share Price Target 2020, 2021, 2022, 2023, 2024 & 2025

YEAR 2020

Yearly returns : -11.34%

Start of the year price191.93
End of the year price170.17
Reason : .COVID-led disruption impacted collections and credit growth.
YEAR 2021

Yearly returns : -15.37%

Start of the year price171.24
End of the year price144.92
Reason : Continued pressure from asset quality issues and slow recovery.
YEAR 2022

Yearly returns : 57.51%

Start of the year price144.92
End of the year price228.26
Reason : Strong recovery driven by improving rural economy and credit demand.
YEAR 2023

Yearly returns : 17.71%

Start of the year price
End of the year price269.20
Reason : Strong tractor and vehicle financing demand supported earnings.
YEAR 2024

Yearly returns : -4.57%

Start of the year price270.15
End of the year price257.80
Reason : Mild correction due to regulatory concerns and margin pressure.
YEAR 2025

Yearly returns : 56.32%

Start of the year price257.80
End of the year price403.00
Reason : Strong rally driven by improved asset quality and rural credit growth.

Conclusion

The Mahindra & Mahindra Financial Services Ltd share price target remains moderately positive, supported by stronger FY26 performance, improved margins, healthy AUM growth, better collections and stable asset quality.

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