Master Trust Ltd

Master Trust Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Master Trust Ltd

₹ 92.7 1.10%
20 May - close price
mastertrust.co.in BSE: 511768 NSE: MASTERTR
About

Incorporated in 1985, Master Trust Ltd is
in the business of lending, sales /purchase
of securities and lands[1]

Key Points

Business Segments[1][2][3][4]
Company provides diversified financial services platform with strong digital capabilities, multi-asset exposure, and expanding wealth management footprint targeting retail, HNI, and institutional segments.
a) Trading & Broking Segment
Offers multi-asset trading (Equity, Derivatives, Currency, Commodities) supported by advanced digital platforms including MasterWeb (browser-based), MasterSwift 2.0 (next-gen platform), Agnik (enterprise app for institutions) and RestAPI (algo trading). Focus on low-latency execution, real-time data, advanced charting, and mobile-first access, catering to retail, HNI and institutional clients.
b) Investment & Portfolio Management
Provides Portfolio Management Services (PMS) through proprietary strategies, third-party curated products and research-driven solutions. Caters to HNIs, institutional and risk-conscious investors with a focus on diversified, data-backed portfolio construction.
c) Wealth & Investment Products
Comprehensive offerings across Equity & Derivatives (trading & demat, research support), Fixed Income (tax-free bonds, PSU/corporate bonds, SGBs, corporate FDs), Alternative Investments (real estate funds, private equity), Structured Products (capital protection, market-linked instruments, currency hedging).
d) Mutual Funds & Insurance Distribution
Offers curated mutual fund selection with SIP/lumpsum options and goal-based planning. Insurance portfolio includes life (term, ULIP), health, and general insurance with cashless and quick-claim features.
e) Digital & Client Service Infrastructure
Strong digital ecosystem with SinglePoint unified service portal and integrated website platform. Business mix is 54% online and 46% offline, reflecting increasing digital penetration.

Website BSE NSE
  • Market Cap ₹ 1,142 Cr.
  • Current Price ₹ 92.7
  • High / Low ₹ 174 / 55.6
  • Stock P/E 9.05
  • Book Value ₹ 66.4
  • Dividend Yield 0.00 %
  • ROCE 23.8 %
  • ROE 17.3 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has delivered good profit growth of 29.7% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.476 Cr.
  • Company's cost of borrowing seems high

* 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

Financial Services Financial Services Capital Markets Stockbroking & Allied

Part of BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
91 92 120 124 164 160 154 148 122 132 127 137 181
58 55 75 71 95 98 90 84 69 80 68 76 117
Operating Profit 33 37 46 53 69 62 64 64 53 52 59 61 64
OPM % 36% 40% 38% 42% 42% 39% 42% 43% 43% 39% 47% 45% 35%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 10 12 14 15 16 15 15 16 15 15 15 15 14
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 22 25 31 37 52 45 49 47 37 36 43 45 49
Tax % 23% 23% 24% 24% 27% 24% 24% 26% 34% 24% 27% 29% 26%
17 19 23 28 38 35 37 35 25 27 31 32 36
EPS in Rs 1.53 1.76 2.14 2.55 3.48 3.14 3.28 3.13 2.19 2.41 2.55 2.56 2.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
115 104 109 150 134 136 225 331 339 500 584 576
81 82 85 122 100 103 161 222 219 297 341 340
Operating Profit 33 22 25 28 34 33 63 109 120 204 243 236
OPM % 29% 21% 23% 19% 25% 24% 28% 33% 35% 41% 42% 41%
-0 0 1 7 0 0 0 0 0 0 0 0
Interest 19 14 15 19 13 18 19 35 33 56 61 59
Depreciation 4 2 2 3 1 2 1 2 3 4 4 4
Profit before tax 10 5 9 13 20 13 43 72 85 144 179 172
Tax % 3% 32% 33% 23% 14% 8% 20% 23% 22% 25% 27% 27%
9 4 6 10 17 12 34 55 66 108 131 126
EPS in Rs 0.86 0.33 0.54 0.92 1.53 1.13 3.16 5.07 6.06 9.93 11.69 10.25
Dividend Payout % 0% 0% 0% 11% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 21%
3 Years: 19%
TTM: -1%
Compounded Profit Growth
10 Years: 43%
5 Years: 30%
3 Years: 24%
TTM: -4%
Stock Price CAGR
10 Years: 38%
5 Years: 58%
3 Years: 49%
1 Year: -44%
Return on Equity
10 Years: 17%
5 Years: 21%
3 Years: 21%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 12
Reserves 156 160 166 174 196 203 245 289 354 493 627 805
139 85 75 69 69 104 95 97 162 187 258 228
111 172 213 237 298 240 435 631 706 1,174 1,057 1,200
Total Liabilities 418 428 464 491 574 557 786 1,028 1,233 1,866 1,953 2,244
11 10 16 15 18 18 18 21 22 22 21 20
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 18 23 17 14 32 19 15 7 6 15 19 33
388 395 430 462 524 520 753 1,000 1,204 1,829 1,913 2,191
Total Assets 418 428 464 491 574 557 786 1,028 1,233 1,866 1,953 2,244

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-8 54 52 -2 82 14 -24 -15 177 458 -37 311
29 1 2 7 -18 19 12 6 -164 -493 54 -325
-1 0 0 0 -1 0 0 0 0 25 18 56
Net Cash Flow 21 54 54 5 62 33 -13 -9 13 -10 35 43
Free Cash Flow -10 53 51 -4 78 13 -26 -19 172 453 -40 308
CFO/OP -19% 258% 222% 3% 247% 47% -29% 1% 164% 241% 5% 150%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 321 306 288 278 248 94 107 61 53 91 100 117
Inventory Days
Days Payable
Cash Conversion Cycle 321 306 288 278 248 94 107 61 53 91 100 117
Working Capital Days 157 8 -107 -85 -432 -442 -529 -575 -645 -664 -473 -542
ROCE % 10% 7% 9% 13% 12% 10% 19% 29% 25% 33% 30% 24%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Employee Strength
Number

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Business Partners
Number
Digital/Online Service Mix
Percentage
PMS AUM
INR Crores
Total Registered Clients
Number
Branch Network
Number
Mutual Fund AUM
INR Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.83% 74.83% 74.83% 74.83% 73.77% 72.49% 72.49% 72.49% 69.24% 71.93% 71.93% 71.93%
0.00% 0.00% 0.00% 0.06% 0.02% 0.07% 0.03% 0.02% 0.15% 0.00% 0.02% 0.02%
0.00% 0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05% 0.00%
25.18% 25.18% 25.10% 25.11% 26.23% 27.44% 27.47% 27.49% 30.61% 28.01% 28.00% 28.05%
No. of Shareholders 2,8733,6423,7824,1464,4256,3969,84210,34910,17610,16312,40812,747

* 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.

Documents

Announcements

Annual reports