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Prices as of 9 Oct 2026 close · Not investment advice

Master Trust Limited

NSE: MASTERTRStockbroking & Allied

Share price

₹82.52

+1.13% close of 9 Oct 2026

Market cap ₹990 CrP/E 7.4

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 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.

66

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

₹990 Cr

P/E ratio

7.4

P/B ratio

1.2

ROCE

23.8%

ROE

17.3%

Dividend yield

0.0%

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 ₹147.1352-week low ₹56.34

Answers

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

How fast it has been growing

Our sales figures for this company step up at Mar 2009 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2009 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

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

At 7.4× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 29.3×, across 5 companies. It is against its own five-year median of 11.1×, the 24th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.3 times its growth rate, on earnings growth of 24%.

Profit growthPrice per ₹1 profitPer 1% growth
Master Trust Limited — this one24%/yr7.4×₹0.31
Motilal Oswal Financial Services Limited26%/yr31.1×₹1.2
360 ONE WAM LIMITED23%/yr34.0×₹1.5
Nuvama Wealth Management Limited51%/yr29.3×₹0.58
Angel One Limited1%/yr25.7×₹25.7
IIFL Capital Services Limited22%/yr18.7×₹0.85

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 (Stockbroking & Allied), it ranks 5 of 31 on returns, 8 of 31 on growth, 11 of 31 on margin. 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 wide advantage: it earns 23.8% on capital, ahead of 84% 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

Yes — Over the last five years it made ₹853 crore of cash from the business and spent ₹20 crore on plant and equipment, with ₹833 crore to spare; it still raised ₹140 crore mostly borrowed — borrowings rose from ₹97 crore to ₹228 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 177 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating. Its cash comes back more slowly than it used to: it went from being paid 575 days before it paid its own suppliers to paid 546 days before it paid its own suppliers.

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 4 Aug 2026 · Consolidated · Unaudited

Revenue

₹150 Cr

Revenue vs last year

+13.5%

Revenue vs last quarter

-17.2%

Net profit

₹35 Cr

Profit vs last year

+28.3%

Profit vs last quarter

-3.8%

Net margin

23.1%

EPS

₹2.80

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
₹990 Cr
Prev close
₹82.52
52w High
₹150
52w Low
₹55.6
Enterprise value
-₹606 Cr
Beta
1.4
Price CAGR 1y
-42.0%
Price CAGR 3y
8.0%
Price CAGR 5y
29.0%
Price CAGR 10y
39.0%

Ratios

Return on assets
5.6%
PEG ratio
0.3
P/E ratio
7.4
P/B ratio
1.2
EV / EBITDA
—
Industry P/E
22.0
ROCE
23.8%
ROCE 5y average
28.2%
ROE
17.3%
Debt / Equity
0.3
Interest coverage
3.9
Dividend yield
0.0%
ROE 3y average
21.0%
ROE last year
17.0%

Annual P&L

Annual revenue
₹576 Cr
Annual profit
₹126 Cr
Operating margin
41.0%
Net profit margin
21.9%
EBITDA margin
41.0%
Sales growth 3y
19.3%
Sales growth 5y
20.7%
Profit growth 3y
24.0%
Profit growth 5y
30.0%
EPS
₹10.2
Sales growth TTM
7.0%
Profit growth TTM
8.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹150 Cr
Profit latest quarter
₹35 Cr
YoY quarterly sales growth
13.8%
YoY quarterly profit growth
29.6%
OPM latest quarter
41.3%

Balance Sheet

Book Value
₹68.1
Face Value
₹1.0
Total debt
₹228 Cr
Total cash
₹1,824 Cr
Borrowings
₹228 Cr
Reserves / Equity
67.1

Cash Flow

Operating cash flow
₹341 Cr
Free cash flow
₹338 Cr
FCF yield
28.2%
Net cash flow
₹43 Cr

Shareholding

Promoter holding
71.9%
FII holding
0.0%
DII holding
0.0%
Public holding
28.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Billionbrains194.3050.01,21,8960.00735.094.31,501.466.037.3
Motil.Oswal.Fin.1,025.9531.361,8620.571,273.79.63,425.825.212.7
360 ONE1,048.0033.942,7491.13330.516.11,226.134.512.1
Nuvama Wealth1,768.9530.132,6401.55305.615.81,376.222.617.5
Angel One296.6026.227,1271.32231.4102.21,429.725.414.8
IIFL Capital344.8019.110,8730.86184.25.0631.52.321.1
Share India Sec.193.3011.74,2300.82124.447.5448.131.318.4
Master Trust82.217.61,0110.0034.727.8149.813.823.9
Median122.5820.79980.4312.523.091.925.213.3

Competes with: 360 ONE WAM LIMITED, Anand Rathi Share and Stock Brokers Limited, Angel One Limited, Billionbrains Garage Ventures Limited, IIFL Capital Services Limited, Motilal Oswal Financial Services Limited, Nuvama Wealth Management Limited, Share India Securities 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
Sales92120124164160154148122132127137181150
Expenses557571959890846980687611788
Operating Profit37465369626464535259616462
OPM %40384342394243433947453541
Other Income00-000-0-0-0-0-0-0-0-0
Exceptional items (within Other Income)00000
Interest12141516151516151515151415
Depreciation1111111111111
Profit before tax25313752454947373643454946
Tax %23242427242426342427292625
Net Profit19232838353735252731323635
EPS in Rs1.762.142.553.483.143.283.132.192.412.552.562.932.82
Diluted EPS in Rs2.302.702.7032.80

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
Sales115104109150134136225331339500584576594
Expenses818285122100103161222219297341340348
Operating Profit33222528343363109120204243236246
OPM %29212319252428333541424141
Other Income-0-017-0-0-0-0000-00
Exceptional items (within Other Income)0
Interest19141519131819353356615959
Depreciation4223121233.593.7444
Profit before tax1059132013437285144179172183
Tax %3323323148202322252727
Net Profit946101712345566108131126134
EPS in Rs0.860.330.540.921.531.133.165.076.069.93121011
Diluted EPS in Rs11
Dividend Payout %-0-0-011-0-0-0-0-0-0-0-0

Compounded growth

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

Compounded sales growth

10 years
19%
5 years
21%
3 years
19%
TTM
7%

Compounded profit growth

10 years
43%
5 years
30%
3 years
24%
TTM
8%

Stock price CAGR

10 years
39%
5 years
29%
3 years
8%
1 year
-42%

Return on equity

10 years
17%
5 years
21%
3 years
21%
Last year
17%

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 Capital111111111111111111111112
Reserves156160166174196203245289354493627805
Borrowings139857569691049597162187258228
Other Liabilities1111722132372982404356317061,1741,0571,200
Minority Interest1.70
Total Liabilities4184284644915745577861,0281,2331,8661,9532,244
Fixed Assets111016151818182122222120
CWIP-0-0-0-0-0-0-0-0-0-0-0-0
Investments1823171432191576151933
Other Assets3883954304625245207531,0001,2041,8291,9132,191
Total Assets4184284644915745577861,0281,2331,8661,9532,244

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-85452-28214-24-15177458-108341
Cash from Investing Activity29127-1819126-164-49354-325
Cash from Financing Activity-1-0-0-0-1-0-0-0-0258926
Net Cash Flow21545456233-13-913-103543
Free Cash Flow-105351-47813-26-19172453-111338

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
Debtor Days32130628827824894107615391100117
Cash Conversion Cycle32130628827824894107615391100117
Working Capital Days1578-107-85-432-442-529-575-645-664-473-546
ROCE %1079131210192925333024

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
Promoters757575747272726972727272
FIIs000.060.020.070.030.020.1500.020.020.03
DIIs00.060000000.050.0500
Public252525262727273128282828
No. of Shareholders3,6423,7824,1464,4256,3969,84210,34910,17610,16312,40812,74715,147

Price trend

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

Change over 1 year -43.9% (₹147.13 → ₹82.52)Brick size ₹4.16 (fixed)Bricks 51
₹75.00₹100₹125₹150₹82.52Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹82.52 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

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

0.00cr

2026-06-30

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

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-1,596inr_cr

2026-03-31

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

755cr

2026-03-31

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

240cr

2026-03-31

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

0.00cr

2026-03-31

News

News and filings about Master Trust 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

  • Interest Rates

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
Stockbroking & Allied
Classification
Financial Services › Stockbroking & Allied
ISIN
INE677D01037

Business segments

  • Broking & Allied · 93%
  • Portfolio Management Services · 2%
  • Interest · 2%
  • Investment / Trading in Securities / Land & others · 2%
  • Insurance Broking · 1%

News impact

Big market events that reach Master Trust 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.

Splits, bonuses & buybacks

  • daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026
  • bse-history fill: 1784 BSE bars before cutoff, code 511768, seam residual 1.00021× · 12 Nov 2024
  • bse-history step 1/5: pre-listing action read from BSE's gap-open isin INE677D01029→INE677D01037@+0 (d1 0.027, vol x4.00)0.2× · 30 Oct 2024
  • bse-history step 1/2: pre-listing action read from BSE's gap-open isin INE677D01011→INE677D01029@+0 (d1 0.002, vol x3.90)0.5× · 28 Aug 2019

Bulk & block deals

DateWhoBought / soldSharesPrice
10 Jul 2026HRTI PRIVATE LIMITEDBUY6,46,203₹95.05
10 Jul 2026HRTI PRIVATE LIMITEDSELL6,13,912₹95.69
9 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY9,08,671₹92.00
9 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL9,03,375₹92.13
9 Jul 2026HRTI PRIVATE LIMITEDBUY7,31,167₹90.89
9 Jul 2026QE SECURITIES LLPSELL6,96,724₹91.18
9 Jul 2026HRTI PRIVATE LIMITEDSELL6,88,015₹91.44
9 Jul 2026QE SECURITIES LLPBUY6,83,693₹90.69
8 Jul 2026HRTI PRIVATE LIMITEDBUY9,10,844₹81.35
8 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL8,94,772₹82.39

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
12 Aug 2026HARJEET SINGH ARORA · Promoter and DirectorUNKNOWN75,00,00060.46
12 Aug 2026RAJINDER KUMAR SINGHANIA · Promoter and DirectorUNKNOWN75,00,00060.46

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.