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Prices as of 9 Oct 2026 close · Not investment advice

MAS Financial Services Limited

NSE: MASFINNon Banking Financial Company (NBFC)

Share price

₹266.70

+1.43% close of 9 Oct 2026

Market cap ₹4,827 CrP/E 12.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

72

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4,827 Cr

P/E ratio

12.2

P/B ratio

1.6

ROCE

11.3%

ROE

13.4%

Dividend yield

0.7%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹347.4052-week low ₹262.95

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 23.1% over the past year, and 19.1% a year over its longer record. Meanwhile what it keeps on lending slipped from 26.5% to 26% over the last two years.

Whether it grew faster than its sector

It grew 19.1% a year against a sector median of 16.0% — 3.2 percentage points faster.

Room to re-rate, or risk of de-rating

At 12.2× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 20.4×, across 5 companies. It is against its own five-year median of 20.9×, the 0th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.5 times its growth rate, on earnings growth of 23%.

Profit growthPrice per ₹1 profitPer 1% growth
MAS Financial Services Limited — this one23%/yr12.2×₹0.53
Shriram Finance Limited19%/yr19.6×₹1.0
Cholamandalam Investment & Finance25%/yr23.5×₹0.94
Tata Capital Limited17%/yr24.7×₹1.5
Muthoot Finance43%/yr9.3×₹0.22
L&T Finance Limited256%/yr20.4×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Non Banking Financial Company (NBFC)), it ranks 15 of 73 on returns, 36 of 68 on growth. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 13.4% on capital, ahead of 79% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

This question does not fit a lender: the money it lends out is its day-to-day outflow and the deposits or premiums it takes are the inflow, so a cash bridge cannot say whether its growth pays for itself. Look at the return on owners' money instead.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

Not enough filed accounts to run these checks yet.

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 29 Jul 2026 · Consolidated

Revenue

₹562 Cr

Net profit

₹110 Cr

Profit vs last year

+26.6%

Profit vs last quarter

+5.9%

Net margin

19.6%

EPS

₹5.98

Earnings call transcript · 30 Jul 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹4,827 Cr
Prev close
₹266.70
52w High
₹359
52w Low
₹261
Enterprise value
—
Beta
1.0
Price CAGR 1y
-10.0%
Price CAGR 3y
-4.0%
Price CAGR 5y
1.0%
Price CAGR 10y
—

Ratios

Return on assets
2.7%
PEG ratio
0.5
P/E ratio
12.2
P/B ratio
1.6
EV / EBITDA
—
Industry P/E
16.7
ROCE
11.3%
ROCE 5y average
—
ROE
13.4%
Debt / Equity
3.5
Interest coverage
—
Dividend yield
0.7%
ROE 3y average
14.0%
ROE last year
13.0%

Annual P&L

Annual revenue
₹1,998 Cr
Annual profit
₹376 Cr
Operating margin
26.0%
Net profit margin
18.8%
EBITDA margin
25.7%
Sales growth 3y
26.4%
Sales growth 5y
26.1%
Profit growth 3y
23.0%
Profit growth 5y
21.0%
EPS
₹20.5
Sales growth TTM
23.0%
Profit growth TTM
23.0%
Dividend payout
10.0%

Quarter P&L

Sales latest quarter
₹562 Cr
Profit latest quarter
₹110 Cr
YoY quarterly sales growth
20.7%
YoY quarterly profit growth
26.4%
OPM latest quarter
27.0%

Balance Sheet

Book Value
₹164
Face Value
₹10.0
Total debt
₹10,318 Cr
Total cash
₹1,004 Cr
Borrowings
₹10,318 Cr
Reserves / Equity
15.4

Cash Flow

Operating cash flow
-₹1,787 Cr
Free cash flow
-₹1,878 Cr
FCF yield
—
Net cash flow
-₹225 Cr

Shareholding

Promoter holding
66.7%
FII holding
3.7%
DII holding
19.7%
Public holding
10.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Bajaj Finance948.3028.85,90,4070.576,080.627.423,165.518.610.9
Shriram Finance945.0019.62,22,3631.143,452.859.913,400.416.211.5
Tata Capital319.3024.91,35,5390.181,628.256.38,821.915.18.6
Cholaman.Inv.&Fn1,580.0023.51,34,9900.131,656.245.68,856.321.99.7
Muthoot Finance2,697.109.51,08,2801.112,824.838.88,671.634.415.8
L&T Finance Ltd264.3520.766,2551.04916.028.75,212.922.48.4
SBI Cards563.2023.653,5970.44664.419.55,040.63.410.1
MAS FINANC SER272.8512.44,9510.73110.226.8562.520.711.3
Median134.8019.64680.0011.138.349.128.39.5

Competes with: Bajaj Finance, Cholamandalam Investment & Finance, HDB Financial Services Limited, L&T Finance Limited, Muthoot Finance, SBI Cards & Payment Services, Shriram Finance Limited, Tata Capital Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue293310335347364384410439466480507542562
Expenses667676838695106124132134143170176
Financing Profit7781869397104109114117123133138150
Financing Margin %26262627272727262526262527
Other Income0321111012-43-1
Interest150154172171181185195202217224231235236
Depreciation1111111222222
Profit before tax7783879497104108112116123127139148
Tax %25252625252526262526272525
Net Profit5862647073788083879193104110
EPS in Rs3.473.733.884.233.954.234.384.544.714.985.085.685.98

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue2383093654776057106276909891,2891,5991,9982,092
Expenses628292118138175143132218297403572622
Financing Profit6385107171242236198218273342425513544
Financing Margin %26272936403332322827272626
Other Income0-0-0-2-2-301121-11
Interest113142165187225299286340498650770913926
Depreciation1112233234678
Profit before tax6284106168238230196217272340421505537
Tax %343535373527262624252526
Net Profit415569105155168146161206254314376399
EPS in Rs8.33115.326.419.36108.809.711215172022
Dividend Payout %19202019182661010231010

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
21%
5 years
26%
3 years
26%
TTM
23%

Compounded profit growth

10 years
21%
5 years
21%
3 years
23%
TTM
23%

Stock price CAGR

10 years
—
5 years
1%
3 years
-4%
1 year
-10%

Return on equity

10 years
15%
5 years
14%
3 years
14%
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161643555555555555164181181
Reserves881222417258619321,1251,2951,4641,6192,4272,793
Borrowing1,1241,4041,3111,4552,2732,7963,5134,4396,1287,4269,18210,318
Other Liabilities3434056056658011,037737519356339409455
Total Liabilities1,5721,9472,2002,8983,9904,8205,4306,3098,0029,54712,19913,747
Fixed Assets489581315121417252774
CWIP000046485052587092127
Investments0000052024937917261,526972
Other Assets1,5671,9382,1912,8403,9324,7525,1665,7507,1368,72610,55412,573
Total Assets1,5721,9472,2002,8983,9904,8205,4306,3098,0029,54712,19913,747

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-267-281-164-386-468196-578-805-1,488-1,366-1,123-1,787
Cash from Investing Activity-2-3-4-49144-199-820-24250-828467
Cash from Financing Activity303251344388024487199231,6841,2902,1871,095
Net Cash Flow34-32-1343348648-59-702-46-26236-225
Free Cash Flow-268-285-168-435-470192-580-811-1,499-1,388-1,153-1,878

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %444532201818131314151413

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters747474676767676767676767
FIIs2.011.631.793.582.723.023.123.073.183.133.463.69
DIIs8.578.4314202020202020202020
Public1616109.381010101010109.869.97
No. of Shareholders28,99931,51444,54445,41550,51051,14849,59946,49643,23742,01640,10739,685

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -12.5% (₹304.80 → ₹266.70)Brick size ₹9.80 (fixed)Bricks 27
₹275₹300₹325₹267Dec '25Mar '26Jun '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹266.70 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

AUM / loan book

16,123inr_cr

2026-06-30

capital adequacy (CRAR) %

23.25pct

2026-06-30

cost-to-income %

20.20

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

gross NPA %

2.58pct

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net NPA %

1.70pct

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

provision coverage %

41.36

FY revenue / permanent employees + workers, same basis (calc)

98,00,879inr

2026-03-31

return on assets %

3.11

tier 1 capital ratio % = CET1 + AT1 (bank, standalone)

21.94pct

2026-06-30

News

News and filings about MAS Financial Services Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • Bond Markets
  • Interest Rates

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Financial Services
Industry
Non Banking Financial Company (NBFC)
Classification
Financial Services › Non Banking Financial Company (NBFC)
ISIN
INE348L01012

Business segments

  • Financing activities · 100%
  • Others · 0%

News impact

Big market events that reach MAS Financial Services Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

25 Aug 2026unspecified₹0.75
4 Feb 2026interim₹1.25
26 Aug 2025unspecified₹0.7
5 Feb 2025interim₹1
4 Sep 2024unspecified₹0.51
22 Feb 2024bonus₹0
22 Jan 2024interim₹3
19 Jul 2023unspecified₹1.85

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 2, delete 1, insert 6), 2017-10-19..2026-02-01 (docs/flat_day_repair.md)1× · 19 Oct 2017

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
30 Sep 2026KAMLESH CHIMANLAL GANDHI · Promoter and DirectorBUY5,0000.14
28 Sep 2026KAMLESH CHIMANLAL GANDHI · Promoter and DirectorBUY5,0000.14

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.