MAS Financial Services Limited MASFIN NSEFINANCIAL
Financial Services · Credit Services · India
MAS Financial Services Limited, a non-banking finance company, provides retail financing services in India. The company offers micro-enterprises, small and medium businesses, two-wheeler, commercial vehicle, used vehicle loans, and salaried personal loans, tractor, and housing loans. It serves through a distribution network of partner microfinance institutions, non-banking finance companies, housing finance companies, and franchisees. MAS Financial Services Limited was incorporated in 1995 and is based in Ahmedabad, India.
READ MORE ›₹308.95
+6.61% 1Y
Market & Price
Market Cap
₹5,606.00 Cr
Current Price
₹308.95
High / Low (52W)
₹347.40 / ₹279.65
Beta
0.38
Valuation
Stock P/E
15.11
Industry PE
19.12
Forward P/E
9.54
PEG Ratio
-
Book Value
₹164.11
Price to Book
1.88
P/S
6.12
EV/EBITDA
-
Dividend Yield
0.63%
Profitability & Returns
ROCE
3.27%
ROE
13.22%
ROA
2.90%
Profit Margin
40.53%
Op Margin
55.19%
EPS (Latest Qtr)
₹5.69
EPS (TTM)
₹20.45
Balance Sheet & Liquidity
Debt/Equity
3.40
Quick Ratio
203.62
Current Ratio
210.05
Debt
₹10,317.49 Cr
Total Assets
₹13,746.60 Cr
Current Assets
₹12,128.58 Cr
Working Capital
₹12,071.74 Cr
Ownership
Promoter Holding
45.53%
Chg in Prom Hold
-
FII / Inst Holding
16.52%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
₹14,974.80 Cr
Total Revenue (TTM)
₹915.80 Cr
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
₹-1,786.77 Cr
Shares Outstanding
₹18.15 Cr
Gross Margin
86.24%
Payout Ratio
9.53%
Growth (CAGR)
Revenue 5Y
31.46%
Profit 5Y
22.23%
Revenue (YoY)
-4.60%
Earnings (YoY)
25.10%
PROS
- Excellent profit margin of 40.5%.
- Compounding revenue at 31.5% over 5 years.
- Profit CAGR of 22.2% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MASFIN MAS Financial Services Limited NSEFINANCIAL | 308.95 | 15.11 | ₹5,606.00 Cr | 0.63% | 3.27% | 13.22% | 31.46% | 22.23% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 744.55 | 16.61 | ₹11.46 L Cr | 1.75% | - | 13.82% | 32.50% | 20.39% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,256.40 | 16.81 | ₹9.01 L Cr | 0.88% | - | 16.36% | 19.65% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 964.40 | 10.58 | ₹8.90 L Cr | 1.80% | - | 15.48% | 12.19% | 14.39% |
| 5 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 384.20 | 19.80 | ₹3.82 L Cr | 0.13% | - | 11.39% | 14.58% | 8.92% |
| 6 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 411.35 | 9.06 | ₹2.60 L Cr | 2.43% | - | 42.36% | 7.61% | 16.86% |
| 7 | SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL | 947.15 | 17.79 | ₹2.23 L Cr | 1.46% | - | 16.38% | 15.48% | 18.59% |
| 8 | SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL | 1,830.10 | 74.06 | ₹1.84 L Cr | 0.15% | - | 13.70% | 11.67% | 12.81% |
| 9 | ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL | 3,538.50 | 53.19 | ₹1.75 L Cr | 0.70% | 98.30% | 85.80% | 28.94% | 29.58% |
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Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 372.66 Cr | 397.90 Cr | 419.24 Cr | 443.98 Cr | 470.76 Cr |
| Cost of Revenue | 247.04 Cr | 259.86 Cr | 282.13 Cr | 308.35 Cr | 317.70 Cr |
| Gross Profit | 125.62 Cr | 138.04 Cr | 137.11 Cr | 135.63 Cr | 153.06 Cr |
| Operating Expenses | 21.94 Cr | 23.32 Cr | 25.72 Cr | 27.07 Cr | 29.97 Cr |
| Operating Income | 103.68 Cr | 114.72 Cr | 111.39 Cr | 108.56 Cr | 123.09 Cr |
| EBITDA | 105.13 Cr | 116.24 Cr | 113.06 Cr | 110.35 Cr | 125.09 Cr |
| Interest Expense | - | - | - | - | - |
| Pretax Income | 107.99 Cr | 112.09 Cr | 115.89 Cr | 127.08 Cr | 139.14 Cr |
| Tax Provision | 27.60 Cr | 28.68 Cr | 29.30 Cr | 33.76 Cr | 34.66 Cr |
| Net Income | 79.47 Cr | 82.47 Cr | 85.55 Cr | 92.20 Cr | 103.12 Cr |
| Diluted EPS | 4.39 | 4.55 | 4.82 | 5.08 | 5.69 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 774.78 Cr | 1,008.33 Cr | 1,445.52 Cr | 1,760.18 Cr |
| Cost of Revenue | - | 573.25 Cr | 789.59 Cr | 964.36 Cr | 1,203.27 Cr |
| Gross Profit | - | 201.53 Cr | 218.74 Cr | 481.16 Cr | 556.91 Cr |
| Operating Expenses | - | 48.49 Cr | 94.28 Cr | 86.40 Cr | 109.41 Cr |
| Operating Income | - | 153.04 Cr | 124.46 Cr | 394.76 Cr | 447.50 Cr |
| EBITDA | - | 310.50 Cr | 344.29 Cr | 400.36 Cr | 454.74 Cr |
| Interest Expense | 29.68 Cr | 36.13 Cr | 33.00 L | 53.00 L | - |
| Pretax Income | - | 271.65 Cr | 339.67 Cr | 421.01 Cr | 504.99 Cr |
| Tax Provision | - | 65.83 Cr | 85.66 Cr | 107.03 Cr | 129.17 Cr |
| Net Income | - | 203.26 Cr | 251.05 Cr | 310.38 Cr | 371.21 Cr |
| Diluted EPS | - | 12.39 | 15.31 | 17.48 | 20.46 |
Compounded Sales Growth
| 5 Years: | 31.46% |
| 1 Year: | -4.60% |
Compounded Profit Growth
| 5 Years: | 22.23% |
| 1 Year: | 25.10% |
Stock Price Performance
| 1 Year: | +6.61% |
| 6 Months: | +0.18% |
| 3 Months: | -9.43% |
| 1 Month: | -5.20% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 8,015.22 Cr | 9,547.34 Cr | 12,199.01 Cr | 13,746.60 Cr |
| Current Assets | - | 4,546.40 Cr | 5,924.40 Cr | 7,309.78 Cr | 12,128.58 Cr |
| Cash & Equivalents | - | 238.67 Cr | 212.67 Cr | 448.65 Cr | 223.66 Cr |
| Inventory | - | - | - | - | - |
| Receivables | - | 4.30 Cr | 6.54 Cr | 4.67 Cr | 5.54 Cr |
| Total Liabilities | - | 6,470.55 Cr | 7,728.77 Cr | 9,548.54 Cr | 10,710.17 Cr |
| Current Liabilities | - | 3,587.18 Cr | 3,561.73 Cr | 4,357.29 Cr | 56.84 Cr |
| Long Term Debt | - | 2,878.93 Cr | 4,161.73 Cr | 5,182.04 Cr | 10,314.07 Cr |
| Total Debt | - | 6,127.53 Cr | 7,425.85 Cr | 9,155.72 Cr | 10,317.49 Cr |
| Total Equity | - | 1,518.65 Cr | 1,782.71 Cr | 2,609.03 Cr | 2,974.21 Cr |
| Shares Outstanding | - | 16.40 Cr | 16.40 Cr | 18.15 Cr | 18.15 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -1,425.94 Cr | -1,366.05 Cr | -1,123.17 Cr | -1,786.77 Cr |
| Investing Cash Flow | - | -304.05 Cr | 50.08 Cr | -828.23 Cr | 467.01 Cr |
| Financing Cash Flow | - | 1,684.02 Cr | 1,289.97 Cr | 2,187.38 Cr | 1,094.77 Cr |
| Capital Expenditure | - | -10.95 Cr | -22.29 Cr | -29.54 Cr | -91.66 Cr |
| Free Cash Flow | - | -1,436.89 Cr | -1,388.34 Cr | -1,152.71 Cr | -1,878.43 Cr |
| Net Change in Cash | - | -45.97 Cr | -26.00 Cr | 235.98 Cr | -224.99 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 26.0% | 21.7% | 33.3% | 31.6% |
| Operating Margin % | - | 19.8% | 12.3% | 27.3% | 25.4% |
| Net Margin % | - | 26.2% | 24.9% | 21.5% | 21.1% |
| ROE % | - | 13.4% | 14.1% | 11.9% | 12.5% |
| ROCE % | - | 3.5% | 2.1% | 5.0% | 3.3% |
Shareholding Pattern
Insiders
45.53%
Institutions
16.52%
Public Float
30.32%
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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