M&M Finance Ltd

This is yet another GOOD STOCK for Tough Times. To know more about the reason why we chose this stock for this investing currently, Click Here:

- Incorporated in 1991.
- Parent Company M&M Ltd holds 56% stake.
- Started as NBFC with focus on villages and small towns.
- Involved in financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles.
- Presence in 24 states with 615 offices.
- Holds 100% stake in Mahindara insurance brokers, Mahindra Business & consulting services.
- Holds 87.5% stake in Mahindra Rural Housing FInance, while the rest is held by National Housing Bank (NHB).
- Formed JV with Rabobank called Mahindra Finance USA LLC, with 49% equity stake.
- Total Assets increased over 12 times from FY 2003 to FY 2012, while its networth jumped 14.5 times.
- Total consolidated assets @ Rs.18561Crores.
- NPA ratio of 0.7%