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Mahindra Finance Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mahindra Finance and similar public comparables like Chailease Holding, Blue Owl Technology, Blue Owl Capital Corp., Credit Acceptance and more.
Mahindra Finance Overview
About Mahindra Finance
Mahindra & Mahindra Financial Services Ltd is a nonbanking financial company engaged in financing new and pre-owned auto, utility vehicles, tractors, passenger cars and commercial vehicles through its pan India branch network. The company has a diversified lending portfolio across retail, small and medium enterprises and commercial customers with a presence in rural and semi-urban India. The company has two segments : Financing Activities, that includes financing and leasing of automobiles, tractors, commercial vehicles, SMEs and housing finance.; and Other reconciling items which consists insurance broking, asset management services and trusteeship services. It derives maximum revenue from Financing Activities.
Founded
1991
HQ

Employees
26.7K
Website
Financials (LTM)
EV
$17B
Mahindra Finance Financials
Mahindra Finance reported last 12-month revenue of $1B.
In the same LTM period, Mahindra Finance generated $298M in net income.
Revenue (LTM)
Mahindra Finance P&L
In the most recent fiscal year, Mahindra Finance reported revenue of $961M and net income of $273M.
Mahindra Finance expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $961M | XXX | XXX | XXX |
| EBIT Margin | 61% | XXX | 58% | XXX | XXX | XXX |
| Net Profit | $298M | XXX | $273M | XXX | XXX | XXX |
| Net Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| Net Debt | — | — | $11B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mahindra Finance Stock Performance
Mahindra Finance has current market cap of $6B, and enterprise value of $17B.
Market Cap Evolution
Mahindra Finance's stock price is $4.01.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17B | $6B | — | XXX | XXX | XXX | $0.20 |
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Start Free TrialMahindra Finance Valuation Multiples
Mahindra Finance trades at 16.1x EV/Revenue multiple.
EV / Revenue (LTM)
Mahindra Finance Financial Valuation Multiples
As of March 28, 2026, Mahindra Finance has market cap of $6B and EV of $17B.
Equity research analysts estimate Mahindra Finance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mahindra Finance has a P/E ratio of 18.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV/Revenue | 16.1x | XXX | 17.7x | XXX | XXX | XXX |
| EV/EBIT | 26.5x | XXX | 30.4x | XXX | XXX | XXX |
| P/E | 18.7x | XXX | 20.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (10.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mahindra Finance Valuation Multiples
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Mahindra Finance Margins & Growth Rates
Mahindra Finance's revenue in the last 12 month grew by 15%.
Mahindra Finance's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Mahindra Finance Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 10% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | 39% | XXX | 44% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mahindra Finance Public Comps
See public comps and valuation multiples for other Specialty Finance and Consumer Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Chailease Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Blue Owl Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Blue Owl Capital Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Acceptance | XXX | XXX | XXX | XXX | XXX | XXX |
| Klarna | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mahindra Finance M&A Activity
Mahindra Finance acquired XXX companies to date.
Last acquisition by Mahindra Finance was on XXXXXXXX, XXXXX. Mahindra Finance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mahindra Finance
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMahindra Finance Investment Activity
Mahindra Finance invested in XXX companies to date.
Mahindra Finance made its latest investment on XXXXXXXX, XXXXX. Mahindra Finance invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mahindra Finance
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mahindra Finance
| When was Mahindra Finance founded? | Mahindra Finance was founded in 1991. |
| Where is Mahindra Finance headquartered? | Mahindra Finance is headquartered in India. |
| How many employees does Mahindra Finance have? | As of today, Mahindra Finance has over 26K employees. |
| Is Mahindra Finance publicly listed? | Yes, Mahindra Finance is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Mahindra Finance? | Mahindra Finance trades under M&MFIN ticker. |
| When did Mahindra Finance go public? | Mahindra Finance went public in 2006. |
| Who are competitors of Mahindra Finance? | Mahindra Finance main competitors are Chailease Holding, Blue Owl Technology, Blue Owl Capital Corp., Credit Acceptance. |
| What is the current market cap of Mahindra Finance? | Mahindra Finance's current market cap is $6B. |
| What is the current revenue of Mahindra Finance? | Mahindra Finance's last 12 months revenue is $1B. |
| What is the current revenue growth of Mahindra Finance? | Mahindra Finance revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Mahindra Finance? | Current revenue multiple of Mahindra Finance is 16.1x. |
| Is Mahindra Finance profitable? | Yes, Mahindra Finance is net-income-positive (as of the last 12 months). |
| What is the current net income of Mahindra Finance? | Mahindra Finance's last 12 months net income is $298M. |
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