Mahindra and Mahindra Financial Services vs Shriram Finance vs Sundaram Finance: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Mahindra and Mahindra Financial Services PE 15.00, mkt cap Rs 48,886 crore. Shriram Finance PE 20.91, mkt cap Rs 2,36,716 crore. Sundaram Finance PE 23.78, mkt cap Rs 52,797 crore.
Quick Answer
Mahindra and Mahindra Financial Services vs Shriram Finance vs Sundaram Finance is a side-by-side comparison of three companies from the Vehicle Finance NBFC space. On this comparison, Mahindra and Mahindra Financial Services carries a market capitalisation of about Rs 48,886 crore against Rs 2,36,716 crore for Shriram Finance and Rs 52,797 crore for Sundaram Finance, with return on equity of 10.72%, 15.21% and 13.82% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Mahindra and Mahindra Financial Services vs Shriram Finance vs Sundaram Finance starts with the core numbers most investors compare within the Vehicle Finance NBFC segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Vehicle Finance NBFC bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Mahindra and Mahindra Financial Services, Shriram Finance and Sundaram Finance: Company Overview
Mahindra and Mahindra Financial Services is a listed Indian company in the Vehicle Finance NBFC space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Shriram Finance is a listed Indian company in the Vehicle Finance NBFC space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Sundaram Finance is a listed Indian company in the Vehicle Finance NBFC space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Mahindra and Mahindra Financial Services vs Shriram Finance vs Sundaram Finance: Valuation and Profitability Snapshot
| Metric | Mahindra and Mahindra Financial Services | Shriram Finance | Sundaram Finance |
|---|---|---|---|
| Market Cap (approx.) | Rs 48,886 crore | Rs 2,36,716 crore | Rs 52,797 crore |
| PE Ratio (TTM) | 15.00 | 20.91 | 23.78 |
| PB Ratio | 1.84 | 2.24 | 3.54 |
| Return on Equity (ROE) | 10.72% | 15.21% | 13.82% |
| EPS (TTM, Rs) | 23.45 | 48.10 | 199.80 |
| Dividend Yield | 2.13% | 0.86% | 0.84% |
| Debt to Equity | 4.82 | 3.80 | 4.68 |
| Book Value per Share (Rs) | 191.62 | 448.51 | 1340.60 |
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On valuation, Mahindra and Mahindra Financial Services trades at a PE of 15.00 and a PB of 1.84, Shriram Finance at a PE of 20.91 and a PB of 2.24, while Sundaram Finance trades at a PE of 23.78 and a PB of 3.54. On return on equity, the three post 10.72%, 15.21% and 13.82% respectively, and on dividend yield they stand at 2.13%, 0.86% and 0.84%.
Mahindra and Mahindra Financial Services vs Shriram Finance vs Sundaram Finance: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Mahindra and Mahindra Financial Services | Rs 5,724.81 crore | Rs 927.48 crore | +14.2% | +3.0% |
| Shriram Finance | Rs 13,418.74 crore | Rs 3,447.26 crore | +16.3% | +7.1% |
| Sundaram Finance | Rs 2,653.34 crore | Rs 568.86 crore | +12.8% | +2.5% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three vehicle finance nbfc names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Mahindra and Mahindra Financial Services vs Shriram Finance vs Sundaram Finance highlights how differently three companies in the same vehicle finance nbfc segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Mahindra and Mahindra Financial Services vs Shriram Finance vs Sundaram Finance
What is the market cap difference between Mahindra and Mahindra Financial Services, Shriram Finance and Sundaram Finance?
Ans. As of September 2026, Mahindra and Mahindra Financial Services has a market cap of approximately Rs 48,886 crore, Shriram Finance is at approximately Rs 2,36,716 crore, and Sundaram Finance is at approximately Rs 52,797 crore.
Which of the three has the highest PE ratio?
Ans. Among Mahindra and Mahindra Financial Services, Shriram Finance and Sundaram Finance, the PE ratios stand at 15.00, 20.91 and 23.78 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Mahindra and Mahindra Financial Services, Shriram Finance and Sundaram Finance post ROE of 10.72%, 15.21% and 13.82% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Mahindra and Mahindra Financial Services, Shriram Finance and Sundaram Finance carry dividend yields of 2.13%, 0.86% and 0.84% respectively.
What is the debt to equity ratio for Mahindra and Mahindra Financial Services, Shriram Finance and Sundaram Finance?
Ans. Mahindra and Mahindra Financial Services carries a debt to equity of 4.82, Shriram Finance of 3.80, and Sundaram Finance of 4.68.
Which of the three trades at the highest price to book value?
Ans. Mahindra and Mahindra Financial Services, Shriram Finance and Sundaram Finance trade at price to book ratios of 1.84, 2.24 and 3.54 respectively.
Is one of Mahindra and Mahindra Financial Services, Shriram Finance or Sundaram Finance better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
