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

₹ 267 -2.63%
12 Dec 4:00 p.m.
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 ₹ 4,840 Cr.
  • Current Price ₹ 267
  • High / Low ₹ 388 / 266
  • Stock P/E 17.2
  • Book Value ₹ 133
  • Dividend Yield 0.56 %
  • ROCE 11.7 %
  • ROE 15.2 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 26.8% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last 3 years: -6.97%

* 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

Part of BSE Allcap BSE SmallCap BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 165 180 192 205 241 261 278 293 310 335 347 364 384
Interest 81 88 95 97 116 133 150 150 154 172 171 181 185
31 37 35 45 56 59 57 66 76 76 83 86 95
Financing Profit 54 55 62 62 69 69 72 77 81 86 93 98 104
Financing Margin % 32% 31% 32% 30% 29% 27% 26% 26% 26% 26% 27% 27% 27%
0 0 0 0 0 1 1 0 3 2 1 1 1
Depreciation 0 0 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 53 55 62 62 68 69 72 77 83 87 94 97 104
Tax % 26% 26% 25% 26% 25% 25% 21% 25% 25% 26% 25% 25% 25%
40 41 46 46 51 52 57 58 62 64 70 73 78
EPS in Rs 2.39 2.48 2.78 2.77 3.06 3.13 3.43 3.47 3.73 3.88 4.23 3.95 4.23
Gross NPA %
Net NPA %
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 TTM
Revenue 143 185 238 309 365 477 605 710 627 690 980 1,284 1,430
Interest 57 80 113 142 165 187 225 299 286 340 498 650 710
44 55 62 82 92 118 138 175 143 132 209 292 340
Financing Profit 41 50 63 85 107 171 242 236 198 218 273 342 381
Financing Margin % 29% 27% 26% 27% 29% 36% 40% 33% 32% 32% 28% 27% 27%
0 0 0 -0 -0 -2 -2 -3 0 1 1 2 6
Depreciation 1 1 1 1 1 2 2 3 3 2 3 4 5
Profit before tax 41 50 62 84 106 168 238 230 196 217 272 340 382
Tax % 32% 33% 34% 35% 35% 37% 35% 27% 26% 26% 24% 25%
27 33 41 55 69 105 155 168 146 161 206 254 285
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 16.29
Dividend Payout % 13% 17% 19% 20% 20% 19% 18% 26% 6% 10% 10% 23%
Compounded Sales Growth
10 Years: 21%
5 Years: 16%
3 Years: 27%
TTM: 25%
Compounded Profit Growth
10 Years: 23%
5 Years: 10%
3 Years: 20%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 6%
1 Year: -5%
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 Sep 2024
Equity Capital 10 16 16 16 43 55 55 55 55 55 55 164 181
Reserves 45 61 88 122 241 725 861 932 1,125 1,295 1,464 1,619 2,237
607 816 1,124 1,404 1,311 1,455 2,273 2,796 3,513 4,439 6,128 7,426 8,167
140 239 343 405 605 665 801 1,037 737 519 369 339 425
Total Liabilities 802 1,133 1,572 1,947 2,200 2,898 3,990 4,820 5,430 6,309 8,015 9,547 11,010
6 6 4 8 9 58 13 15 12 14 17 25 26
CWIP 0 0 0 0 0 0 46 48 50 52 58 70 81
Investments 0 0 0 0 0 0 0 5 202 493 791 726 908
796 1,127 1,567 1,938 2,191 2,840 3,932 4,752 5,166 5,750 7,149 8,726 9,996
Total Assets 802 1,133 1,572 1,947 2,200 2,898 3,990 4,820 5,430 6,309 8,015 9,547 11,010

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 -1,426 -1,366
4 0 -2 -3 -4 -49 14 4 -199 -820 -304 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
ROE % 56% 49% 44% 45% 32% 20% 18% 18% 13% 13% 14% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.62% 73.64% 73.71% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 66.63% 66.63%
1.62% 1.53% 1.54% 1.54% 1.53% 1.59% 1.59% 2.01% 1.63% 1.79% 3.58% 2.72%
9.95% 9.46% 9.39% 10.21% 11.04% 11.01% 10.58% 8.57% 8.43% 14.42% 20.41% 20.23%
14.81% 15.37% 15.36% 14.53% 13.70% 13.68% 14.10% 15.69% 16.21% 10.06% 9.38% 10.41%
No. of Shareholders 27,73430,49729,68125,81625,76124,76723,83728,99931,51444,54445,41550,510

* 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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