Hold M&M Finance, target price Rs 128: Emkay Global

Emkay Global has given hold rating to M&M Finance with a target price of Rs 128. The share price moved down by 1.40 per cent from its previous close of Rs 136.10. The stock’s last traded price is Rs 134.20.

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 8373.80 Crore) operating in NBFC sector.

Mahindra & Mahindra Financial Services Ltd. key Products/Revenue Segments include Interest which contributed Rs 9941.71 Crore to Sales Value (98.45 % of Total Sales), Fees & Other Charges which contributed Rs 96.99 Crore to Sales Value (0.96 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 26.15 Crore to Sales Value (0.25 % of Total Sales), Dividend which contributed Rs 24.25 Crore to Sales Value (0.24 % of Total Sales) and Rental Income which contributed Rs 8.75 Crore to Sales Value (0.08 % of Total Sales)for the year ending 31-Mar-2020.

For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 3056.62 Crore, down 1.43 % from last quarter Sales of Rs 3101.00 Crore and up 8.32 % from last year same quarter Sales of Rs 2821.88 Crore. The Company reported net profit after tax of Rs 418.70 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.18 per cent stake in the company as of March 31, 2020, while FIIs held 23.94 per cent, DIIs 15.56 and public and others 9.32 per cent.