MAS Financial Services Ltd
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]
- Market Cap ₹ 4,715 Cr.
- Current Price ₹ 288
- High / Low ₹ 388 / 229
- Stock P/E 19.8
- Book Value ₹ 100
- Dividend Yield 0.42 %
- ROCE 11.4 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company's median sales growth is 26.8% of last 10 years
Cons
- Stock is trading at 2.87 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 8.60% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
116 | 143 | 185 | 238 | 309 | 365 | 477 | 605 | 710 | 627 | 690 | 989 | 1,223 | |
41 | 44 | 55 | 62 | 82 | 92 | 118 | 138 | 175 | 143 | 132 | 218 | 282 | |
Operating Profit | 75 | 99 | 130 | 176 | 227 | 273 | 358 | 466 | 535 | 485 | 558 | 771 | 941 |
OPM % | 65% | 69% | 70% | 74% | 73% | 75% | 75% | 77% | 75% | 77% | 81% | 78% | 77% |
-0 | 0 | 0 | 0 | -0 | -0 | -2 | -2 | -3 | 0 | 1 | 1 | 6 | |
Interest | 46 | 57 | 80 | 113 | 142 | 165 | 187 | 225 | 299 | 286 | 340 | 498 | 625 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 2 | 3 | 4 |
Profit before tax | 29 | 41 | 50 | 62 | 84 | 106 | 168 | 238 | 230 | 196 | 217 | 272 | 318 |
Tax % | 30% | 32% | 33% | 34% | 35% | 35% | 37% | 35% | 27% | 26% | 26% | 24% | |
20 | 27 | 33 | 41 | 55 | 69 | 105 | 155 | 168 | 146 | 161 | 206 | 241 | |
EPS in Rs | 6.71 | 9.10 | 6.79 | 8.33 | 11.29 | 5.32 | 6.41 | 9.36 | 10.21 | 8.80 | 9.71 | 12.39 | 14.51 |
Dividend Payout % | 11% | 13% | 17% | 19% | 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: | 23% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 34 | 45 | 61 | 88 | 122 | 241 | 725 | 861 | 932 | 1,125 | 1,295 | 1,464 | 1,590 |
Preference Capital | 83 | 43 | 43 | 43 | 45 | 47 | 0 | 0 | 0 | 0 | 0 | 0 | |
384 | 564 | 773 | 1,081 | 1,358 | 1,264 | 1,455 | 2,273 | 2,796 | 3,513 | 4,439 | 6,128 | 6,966 | |
177 | 183 | 283 | 387 | 450 | 652 | 665 | 801 | 1,037 | 737 | 519 | 368 | 339 | |
Total Liabilities | 604 | 802 | 1,133 | 1,572 | 1,947 | 2,200 | 2,898 | 3,990 | 4,820 | 5,430 | 6,309 | 8,014 | 8,949 |
6 | 6 | 6 | 4 | 8 | 9 | 58 | 13 | 15 | 12 | 14 | 17 | 22 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46 | 48 | 50 | 52 | 58 | 61 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 202 | 493 | 791 | 794 |
598 | 796 | 1,127 | 1,567 | 1,938 | 2,191 | 2,840 | 3,932 | 4,752 | 5,166 | 5,750 | 7,148 | 8,072 | |
Total Assets | 604 | 802 | 1,133 | 1,572 | 1,947 | 2,200 | 2,898 | 3,990 | 4,820 | 5,430 | 6,309 | 8,014 | 8,949 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-18 | -80 | -184 | -267 | -281 | -164 | -386 | -468 | 196 | -578 | -805 | -1,488 | |
2 | 4 | 0 | -2 | -3 | -4 | -49 | 14 | 4 | -199 | -820 | -242 | |
60 | 123 | 200 | 303 | 251 | 34 | 438 | 802 | 448 | 719 | 923 | 1,684 | |
Net Cash Flow | 44 | 48 | 16 | 34 | -32 | -134 | 3 | 348 | 648 | -59 | -702 | -46 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 1 | 1 | 2 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
Working Capital Days | 874 | 748 | 906 | 1,039 | 1,082 | 778 | -466 | -444 | -479 | -381 | -228 | -97 |
ROCE % | 17% | 17% | 16% | 16% | 17% | 19% | 17% | 15% | 11% | 11% | 11% |
Documents
Announcements
- Corporate Action-Board to consider Dividend 8h
- Board Meeting Intimation for Consideration Of Financial Results As On March 31, 2024. 8h
- Announcement under Regulation 30 (LODR)-Credit Rating 1 Apr
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Announcement under Regulation 30 (LODR)-Retirement
30 Mar - Retirement due to completion of tenor of Independent Director
- Outcome Of Finance Committee 30 Mar
Annual reports
Concalls
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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]