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

₹ 302 -0.84%
11 Nov - 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 ₹ 5,497 Cr.
  • Current Price ₹ 302
  • High / Low ₹ 350 / 220
  • Stock P/E 16.5
  • Book Value ₹ 154
  • Dividend Yield 0.56 %
  • ROCE 11.3 %
  • ROE 14.0 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 23.8% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last 3 years: -7.10%

* 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 Finance Non Banking Financial Company (NBFC)

Part of BSE SmallCap BSE Allcap BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
230 251 267 279 294 320 329 346 365 390 417 443 456
Interest 111 128 144 143 146 164 162 172 175 185 191 206 212
53 56 53 61 69 73 77 80 88 99 116 124 125
Financing Profit 66 68 70 75 79 83 91 95 101 106 110 114 119
Financing Margin % 29% 27% 26% 27% 27% 26% 28% 27% 28% 27% 26% 26% 26%
0 1 1 2 2 2 1 1 2 0 0 0 3
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 65 68 70 76 80 85 91 94 102 105 109 112 120
Tax % 25% 25% 21% 24% 25% 26% 25% 25% 25% 26% 26% 25% 25%
49 51 56 57 60 62 68 70 77 78 81 84 90
EPS in Rs 2.97 3.08 3.39 3.49 3.66 3.81 4.15 3.88 4.22 4.30 4.45 4.62 4.94
Gross NPA % 2.15% 2.13% 2.23% 2.25% 2.29% 2.41% 2.44%
Net NPA % 1.52% 1.47% 1.48% 1.51% 1.52% 1.62% 1.62%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
178 226 294 341 451 572 672 594 656 939 1,228 1,520 1,705
Interest 77 107 136 152 171 205 275 266 321 476 617 730 793
53 60 76 85 111 130 164 129 123 196 277 375 464
Financing Profit 48 60 82 104 168 237 234 198 212 267 334 415 448
Financing Margin % 27% 26% 28% 30% 37% 41% 35% 33% 32% 28% 27% 27% 26%
0 0 0 0 -2 -2 -3 -3 1 1 1 1 4
Depreciation 1 1 1 1 1 1 2 2 2 2 4 5 6
Profit before tax 48 59 82 103 165 234 228 193 211 265 331 410 447
Tax % 34% 34% 35% 35% 37% 35% 27% 26% 25% 24% 25% 25%
32 39 53 67 103 152 167 144 158 201 248 306 333
EPS in Rs 6.60 8.09 11.12 5.23 6.31 9.28 10.16 8.75 9.61 12.25 15.11 16.86 18.31
Dividend Payout % 18% 20% 20% 20% 19% 18% 26% 6% 10% 10% 23% 10%
Compounded Sales Growth
10 Years: 21%
5 Years: 18%
3 Years: 32%
TTM: 25%
Compounded Profit Growth
10 Years: 23%
5 Years: 13%
3 Years: 25%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 1%
1 Year: 2%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 16 16 16 43 55 55 55 55 55 55 164 181 181
Reserves 60 85 118 237 719 855 926 1,118 1,286 1,451 1,605 2,404 2,605
Borrowing 770 1,053 1,287 1,164 1,285 2,020 2,580 3,294 4,232 5,838 7,049 8,702 9,415
232 333 392 581 639 774 1,011 711 492 335 291 377 363
Total Liabilities 1,078 1,488 1,814 2,024 2,698 3,704 4,572 5,178 6,064 7,678 9,109 11,664 12,565
6 4 6 7 57 12 13 11 13 16 22 24 29
CWIP 0 0 0 0 0 46 48 50 52 58 70 92 107
Investments 11 11 11 11 13 22 38 235 538 826 788 1,594 1,203
1,061 1,472 1,797 2,006 2,628 3,624 4,473 4,881 5,461 6,778 8,229 9,955 11,226
Total Assets 1,078 1,488 1,814 2,024 2,698 3,704 4,572 5,178 6,064 7,678 9,109 11,664 12,565

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-161 -240 -243 -134 -366 -400 189 -575 -820 -1,342 -1,283 -1,020
0 -2 -1 -4 -49 4 -7 -200 -809 -292 26 -835
177 277 206 -1 417 713 487 715 935 1,601 1,197 2,115
Net Cash Flow 16 35 -38 -139 2 318 669 -60 -694 -33 -60 260

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % 49% 44% 45% 33% 20% 18% 18% 14% 13% 14% 15% 14%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 66.63% 66.63% 66.63% 66.63% 66.63% 66.63%
1.53% 1.59% 1.59% 2.01% 1.63% 1.79% 3.58% 2.72% 3.02% 3.12% 3.07% 3.18%
11.04% 11.01% 10.58% 8.57% 8.43% 14.42% 20.41% 20.23% 20.02% 20.13% 19.99% 20.15%
13.70% 13.68% 14.10% 15.69% 16.21% 10.06% 9.38% 10.41% 10.34% 10.12% 10.32% 10.04%
No. of Shareholders 25,76124,76723,83728,99931,51444,54445,41550,51051,14849,59946,49643,237

* 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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