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MAS Financial Services Ltd.

MAS Financial Services Ltd.

254.95
INR
-4.85
(-1.87%)
21.75EPS
14.52P/E
56.55BMarket Cap
Oct 28Next Earn
MAS Financial Services Ltd.
BSE:MASFIN
(Bombay Stock Exchange)

Recent

price

254.95

P/E

ratio

14.52

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
9.08
11.26
14.58
18.8
24.02
30.3
26
29.84
35.16
29.95
34.54
47.25
61.49
71.59
84.42
101.31
Revenue per Share
1.59
2.16
2.58
3.17
4.02
5.38
7.05
9.36
10.21
8.8
9.71
12.39
15.31
17.48
20.46
21.46
Basic EPS, GAAP
-1.41
-6.35
-14.59
-21.13
-22.17
-14.02
-29.39
-28.54
11.69
-35.38
-49.43
-87.62
-84.66
-64.91
-103.52
- -
Free Cash Flow per Basic Share
0.69
0.88
0.84
0.55
2.21
1.66
0.7
1.49
4.69
- -
0.92
1.19
1.62
1.54
1.95
- -
Dividend per Share
2.66
6.39
7.77
9.39
11.48
10.87
47.27
53.01
60.19
73.93
82.32
92.61
108.71
143.79
163.91
- -
Book Value per Share
2.65
6.39
7.77
9.39
11.48
10.86
47.26
53
60.19
73.92
82.3
92.53
108.63
143.64
163.45
- -
Tangible Book Value per Share
126
126
126
126
126
120
148
164
164
164
164
164
164
178
181
181
Basic Weighted Avg Shares
1,147
1,422
1,842
2,374
3,035
3,637
3,844
4,894
5,765
4,911
5,664
7,748
10,083
12,713
15,318
18,381
Sales/Revenue/Turnover
62.36
67.27
69.4
72.72
72.54
38.44
43.04
46.09
41.05
27.62
27.74
19.75
12.34
14.7
11.79
26.98
Operating Margin (%)
5
6
6
10
11
14
16
16
29
26
21
27
43
56
72
77
Depreciation Expense
201
273
326
400
508
685
1,044
1,535
1,674
1,444
1,592
2,033
2,511
3,104
3,712
3,893
Net Income, GAAP
29.65
32.28
33.44
33.85
34.46
34.6
37.3
35.04
27.01
25.74
25.56
24.23
25.22
25.42
25.58
25.53
Effective Tax Rate (%)
17.54
19.2
17.7
16.84
16.75
18.84
27.16
31.37
29.03
29.4
28.11
26.23
24.9
24.41
24.23
21.18
Profit Margin (%)
1,203
260
250
294
1,877
16,613
23,220
2,588
2,662
5,441
10,122
9,592
23,627
29,465
30,054
- -
Working Capital
859
717
1,035
1,648
3,948
11,053
11,930
6,860
9,708
10,983
18,771
26,262
38,596
51,849
51,058
- -
LT Debt
1,294
1,523
1,775
2,066
2,436
1,900
7,915
8,879
10,062
12,329
13,725
15,447
18,186
26,505
30,364
- -
Total Equity
- -
4.65
4.22
3.82
3.69
5.9
3.97
4.02
3.1
1.67
1.73
1.18
0.56
0.72
0.25
- -
Return on Invested Capital (%)
- -
10.21
10.09
10.18
9.72
5.73
6.91
6.7
5.82
3.97
3.4
3.45
3.04
2.96
2.92
- -
Return on Capital (%)
- -
36.8
28.08
28.42
29.7
35.24
21.86
18.67
18.04
13.13
12.43
14.17
15.21
14.13
13.3
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
52,117
- -
LT Borrowings
- -
51,036
- -
LT Finance Leases
- -
22
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
181
181
181
Market Capitalization
58,628
50,816
56,550

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
86,043
- -
Cash, Cash Equivalents & STI
- -
16,276
- -
Accounts Receivable, Net
- -
55
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
55,989
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
52,117
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
44.46%
20.38%
14.56%
Free Cash Flow
-25.79%
31.92%
62.96%
Net Income, GAAP
23.42%
20.94%
19.6%
Sales/Revenue/Turnover
18.47%
25.77%
20.49%
Total Cash Common Dividend
3,258.15%
6,481.32%
29.13%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,309
3,440
3,727
3,979
12,713
2026
4,192
- -
4,440
4,708
15,318
2027
5,041
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.32
4.22
4.39
4.55
17.48
2026
4.71
- -
5.08
5.69
20.46
2027
5.98
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.54
2026
- -
- -
- -
- -
1.95
2027
- -
- -
- -
- -
- -
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Business
MAS Financial Services Limited (MASFIN.NS) is a non-banking financial company (NBFC) in India that provides a range of retail financing products and services, including business loans, loans against property, small business loans, car loans, two-wheeler loans, and used vehicle finance; it also offers enterprise business loans, machinery loans, and working capital solutions through its subsidiaries. The company operates primarily in the western, central, and northern regions of India, serving small and medium enterprises (SMEs), self-employed individuals, and retail customers across urban, semi-urban, and rural markets. Founded in 1995 and headquartered in Ahmedabad, Gujarat, MAS Financial Services focuses on underserved segments with customized financial products delivered through a network of branches and digital channels. In recent developments, the company expanded its loan portfolio through strategic growth in affordable housing finance and vehicle financing segments in 2024-2025, while maintaining strong asset quality amid regulatory changes in the NBFC sector; it also reported robust disbursements and profitability in its Q2 FY2026 results, reflecting operational resilience and market expansion.