Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Mahindra & Mahindra Financial Services's average basic shares outstanding for the quarter that ended in Mar. 2026 was 1,390 Mil.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 1,390 Mil mean?
Mahindra & Mahindra Financial Services (NSE:M&MFIN) has a Shares Outstanding (Basic Average) of 1,390 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Mahindra & Mahindra Financial Services and its competitors.
Is Mahindra & Mahindra Financial Services' Shares Outstanding (Basic Average) too high?
Mahindra & Mahindra Financial Services' current Shares Outstanding (Basic Average) is 1,390 Mil. Overall, Mahindra & Mahindra Financial Services has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mahindra & Mahindra Financial Services' Shares Outstanding (Basic Average) compare to V and MA?
Mahindra & Mahindra Financial Services' Shares Outstanding (Basic Average) of 1,390 Mil can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Credit Services company?
A good Shares Outstanding (Basic Average) depends on the Credit Services industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Mahindra & Mahindra Financial Services and its competitors. Mahindra & Mahindra Financial Services's current Shares Outstanding (Basic Average) is 1,390 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra & Mahindra Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Mahindra & Mahindra Financial Services (NSE:M&MFIN) is currently considered Fairly Valued. The stock's GF Value™ is ₹353.97, compared to a current price of ₹328.55 — trading 7.2% below its estimated fair value. The current Shares Outstanding (Basic Average) is 1,390 Mil. Mahindra & Mahindra Financial Services' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Mahindra & Mahindra Financial Services (NSE:M&MFIN), the current Shares Outstanding (Basic Average) is 1,390 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mahindra & Mahindra Financial Services (NSE:M&MFIN) Overvalued in 2026?
Based on GuruFocus' analysis, Mahindra & Mahindra Financial Services stock appears to be undervalued.
The current stock price of ₹328.55 is trading 7.2% below its estimated GF Value™ of ₹353.97.
GuruFocus considers Mahindra & Mahindra Financial Services to be Fairly Valued.
Key valuation signals for NSE:M&MFIN:
Shares Outstanding (Basic Average): 1,390 Mil
GF Value™: ₹353.97 vs. price of ₹328.55 (7.2% below fair value)
No single metric tells the full story. See the NSE:M&MFIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahindra & Mahindra Financial Services Business Description
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.
73GF Score
Get the complete analysis for NSE:M&MFIN
Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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