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

₹ 288 0.31%
19 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 ₹ 4,728 Cr.
  • Current Price ₹ 288
  • High / Low ₹ 388 / 229
  • Stock P/E 20.1
  • Book Value ₹ 99.4
  • Dividend Yield 0.42 %
  • ROCE 11.5 %
  • ROE 14.1 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 27.0% of last 10 years

Cons

  • Stock is trading at 2.90 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.4% over last 3 years.
  • Dividend payout has been low at 8.68% of profits over last 3 years

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
142 139 148 156 171 183 197 230 251 269 279 296 324
29 28 29 29 34 33 43 53 56 56 61 71 76
Operating Profit 112 111 119 128 137 151 154 176 195 213 218 225 247
OPM % 79% 80% 81% 82% 80% 82% 78% 77% 78% 79% 78% 76% 76%
0 0 1 0 0 0 1 0 1 1 2 2 2
Interest 64 61 70 76 83 91 93 111 128 144 143 146 164
Depreciation 1 0 0 0 0 0 1 1 1 1 1 1 1
Profit before tax 48 50 50 52 54 60 62 65 68 70 76 80 85
Tax % 25% 27% 26% 26% 26% 25% 25% 25% 25% 21% 24% 25% 26%
36 37 37 38 40 45 46 49 51 56 57 60 62
EPS in Rs 2.21 2.23 2.25 2.34 2.45 2.74 2.81 2.97 3.08 3.39 3.49 3.66 3.81
Raw PDF
Upcoming result date: 24 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
113 139 178 226 294 341 451 572 672 594 656 949 1,167
39 42 53 60 76 85 111 130 164 129 123 206 264
Operating Profit 74 96 125 166 218 256 339 442 508 464 533 743 903
OPM % 65% 69% 70% 74% 74% 75% 75% 77% 76% 78% 81% 78% 77%
0 0 0 0 0 0 -2 -2 -3 -3 1 1 7
Interest 45 56 77 107 136 152 171 205 275 266 321 476 596
Depreciation 1 1 1 1 1 1 1 1 2 2 2 2 3
Profit before tax 28 40 48 59 82 103 165 234 228 193 211 265 311
Tax % 30% 32% 34% 34% 35% 35% 37% 35% 27% 26% 25% 24%
20 27 32 39 53 67 103 152 167 144 158 201 235
EPS in Rs 6.65 8.95 6.60 8.09 11.12 5.23 6.31 9.28 10.16 8.75 9.61 12.25 14.35
Dividend Payout % 11% 13% 18% 20% 20% 20% 19% 18% 26% 6% 10% 10%
Compounded Sales Growth
10 Years: 21%
5 Years: 16%
3 Years: 12%
TTM: 36%
Compounded Profit Growth
10 Years: 22%
5 Years: 14%
3 Years: 6%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 4%
1 Year: 24%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 16 16 16 43 55 55 55 55 55 55 55
Reserves 33 44 60 85 118 237 719 855 926 1,118 1,286 1,451 1,576
Preference Capital 83 43 43 43 43 47 -0 -0 -0 -0 -0 -0
375 539 726 1,010 1,244 1,117 1,285 2,020 2,580 3,294 4,232 5,838 6,630
174 179 276 377 436 628 639 774 1,011 711 492 333 301
Total Liabilities 592 772 1,078 1,488 1,814 2,024 2,698 3,704 4,572 5,178 6,064 7,677 8,562
6 6 6 4 6 7 57 12 13 11 13 16 21
CWIP -0 -0 -0 0 -0 -0 -0 46 48 50 52 58 61
Investments 11 11 11 11 11 11 13 22 38 235 538 826 840
575 755 1,061 1,472 1,797 2,006 2,628 3,624 4,473 4,881 5,461 6,776 7,640
Total Assets 592 772 1,078 1,488 1,814 2,024 2,698 3,704 4,572 5,178 6,064 7,677 8,562

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4 -63 -161 -240 -243 -134 -366 -400 189 -575 -820 -1,405
0 4 0 -2 -1 -4 -49 4 -7 -200 -809 -229
49 106 177 277 206 -1 417 713 487 715 935 1,601
Net Cash Flow 46 48 16 35 -38 -139 2 318 669 -60 -694 -33

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 1 2
Inventory Days
Days Payable
Cash Conversion Cycle -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 1 2
Working Capital Days 666 533 799 821 920 814 -482 -465 -504 -402 -238 -99
ROCE % 15% 17% 17% 17% 17% 18% 19% 18% 16% 12% 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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