MAS Financial Services Ltd

MAS FINANC SER Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MAS Financial Services Ltd

₹ 305 -1.25%
26 Apr - close price
mas.co.in BSE: 540749 NSE : MASFIN
About

MAS Financial Services Limited is a non-deposit taking NBFC registered with the RBI. It is engaged in offering retail financing products for MSMEs, home loans, two-wheeler loans, used car loans and commercial vehicle loans. [1]

Key Points

AUM 9MFY24
Consolidated AUM : Rs. 10,216 crs.
Standalone : Rs. 9,672 crs.
AUM Mix
MEL : 45%
SME : 36%
2W loans : 7%
CV : 7%
Salaried PL : 5%[1]

Website BSE NSE
  • Market Cap ₹ 4,999 Cr.
  • Current Price ₹ 305
  • High / Low ₹ 388 / 233
  • Stock P/E 19.9
  • Book Value ₹ 109
  • Dividend Yield 0.40 %
  • ROCE 11.7 %
  • ROE 15.2 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 24.3%
  • Company's median sales growth is 26.8% of last 10 years

Cons

  • Stock is trading at 2.80 times its book value
  • Company has low interest coverage ratio.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
147 156 165 180 192 205 241 261 278 292 310 335 346
31 31 31 37 35 45 56 59 57 65 76 76 81
Operating Profit 116 125 135 143 157 160 185 202 221 227 235 258 264
OPM % 79% 80% 81% 79% 82% 78% 77% 78% 79% 78% 76% 77% 76%
0 0 0 0 0 0 0 1 1 0 3 2 1
Interest 66 75 81 88 95 97 116 133 150 150 154 172 171
Depreciation 1 1 0 0 1 1 1 1 1 1 1 1 1
Profit before tax 50 50 53 55 62 62 68 69 72 77 83 87 94
Tax % 27% 26% 26% 26% 25% 26% 25% 25% 21% 25% 25% 26% 25%
36 37 40 41 46 46 51 52 57 58 62 64 70
EPS in Rs 2.22 2.23 2.39 2.48 2.78 2.77 3.06 3.13 3.43 3.47 3.73 3.88 4.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
143 185 238 309 365 477 605 710 627 690 989 1,279
44 55 62 82 92 118 138 175 143 132 218 295
Operating Profit 99 130 176 227 273 358 466 535 485 558 771 984
OPM % 69% 70% 74% 73% 75% 75% 77% 75% 77% 81% 78% 77%
0 0 0 -0 -0 -2 -2 -3 0 1 1 7
Interest 57 80 113 142 165 187 225 299 286 340 498 647
Depreciation 1 1 1 1 1 2 2 3 3 2 3 4
Profit before tax 41 50 62 84 106 168 238 230 196 217 272 340
Tax % 32% 33% 34% 35% 35% 37% 35% 27% 26% 26% 24% 25%
27 33 41 55 69 105 155 168 146 161 206 254
EPS in Rs 9.10 6.79 8.33 11.29 5.32 6.41 9.36 10.21 8.80 9.71 12.39 15.31
Dividend Payout % 13% 17% 19% 20% 20% 19% 18% 26% 6% 10% 10% 53%
Compounded Sales Growth
10 Years: 21%
5 Years: 16%
3 Years: 27%
TTM: 29%
Compounded Profit Growth
10 Years: 23%
5 Years: 10%
3 Years: 20%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 5%
1 Year: 31%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 16 16 16 43 55 55 55 55 55 55 164
Reserves 45 61 88 122 241 725 861 932 1,125 1,295 1,464 1,619
Preference Capital 43 43 43 45 47 0 0 0 0 0 0
564 773 1,081 1,358 1,264 1,455 2,273 2,796 3,513 4,439 6,128 7,426
183 283 387 450 652 665 801 1,037 737 519 368 339
Total Liabilities 802 1,133 1,572 1,947 2,200 2,898 3,990 4,820 5,430 6,309 8,014 9,547
6 6 4 8 9 58 13 15 12 14 17 26
CWIP 0 0 0 0 0 0 46 48 50 52 58 70
Investments 0 0 0 0 0 0 0 5 202 493 791 726
796 1,127 1,567 1,938 2,191 2,840 3,932 4,752 5,166 5,750 7,148 8,726
Total Assets 802 1,133 1,572 1,947 2,200 2,898 3,990 4,820 5,430 6,309 8,014 9,547

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-80 -184 -267 -281 -164 -386 -468 196 -578 -805 -1,488 -1,366
4 0 -2 -3 -4 -49 14 4 -199 -820 -242 50
123 200 303 251 34 438 802 448 719 923 1,684 1,290
Net Cash Flow 48 16 34 -32 -134 3 348 648 -59 -702 -46 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 0 0 1 1 2 2
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 1 1 2 2
Working Capital Days 748 906 1,039 1,082 778 -466 -444 -479 -381 -228 -97 -59
ROCE % 17% 17% 16% 16% 17% 19% 17% 15% 11% 11% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.60% 73.60% 73.62% 73.64% 73.71% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72%
1.64% 1.66% 1.62% 1.53% 1.54% 1.54% 1.53% 1.59% 1.59% 2.01% 1.63% 1.79%
10.48% 10.03% 9.95% 9.46% 9.39% 10.21% 11.04% 11.01% 10.58% 8.57% 8.43% 14.42%
14.28% 14.71% 14.81% 15.37% 15.36% 14.53% 13.70% 13.68% 14.10% 15.69% 16.21% 10.06%
No. of Shareholders 23,54425,84327,73430,49729,68125,81625,76124,76723,83728,99931,51444,544

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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