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Master Trust Limited

Master Trust Limited

75.05
INR
-1.19
(-1.56%)
11.21EPS
6.73P/E
9.28BMarket Cap
Master Trust Limited
BSE:MASTERTR
(Bombay Stock Exchange)

Recent

price

75.05

P/E

ratio

6.73

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
13.37
12.79
8.52
7.99
9.53
9.53
8.98
13.26
10.93
11.45
18.16
26.91
26.53
37.8
42.54
39.26
49.8
Revenue per Share
2.02
1.61
0.92
0.77
0.86
0.33
0.54
0.92
1.53
1.13
3.16
5.07
6.06
9.94
11.81
10.56
11.21
Basic EPS, GAAP
7.75
-7.66
-1.07
1.86
-0.95
4.88
4.67
-0.41
7.21
1.16
-2.4
-1.77
15.83
41.63
-9.99
28.31
- -
Free Cash Flow per Basic Share
0.1
0.08
0.1
0.1
0.1
- -
- -
- -
0.12
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
9.62
13.06
13.86
14.52
15.38
15.71
16.24
17.73
19
19.7
23.5
27.57
33.56
46.36
56.85
66.41
- -
Book Value per Share
9.62
13.06
13.86
14.52
15.38
15.71
16.24
17.73
19
19.7
23.5
27.57
33.56
46.36
56.85
66.41
- -
Tangible Book Value per Share
62
73
109
109
109
109
109
109
109
109
109
109
109
109
111
119
119
Basic Weighted Avg Shares
830
928
926
869
1,036
1,036
977
1,443
1,189
1,246
1,975
2,927
2,885
4,111
4,728
4,684
5,939
Sales/Revenue/Turnover
28.69
29.78
29.86
23.35
20.86
19.06
14.09
26.77
13.6
16.46
23.19
23.77
23.43
26.98
27.15
26.59
40.73
Operating Margin (%)
17
14
11
12
45
18
19
28
15
16
13
20
26
36
37
43
42
Depreciation Expense
126
117
100
84
94
36
58
100
166
123
344
552
659
1,081
1,312
1,260
1,336
Net Income, GAAP
19.63
12.68
9.07
14.53
2.87
32.25
33.56
22.54
14.28
8.39
19.89
23.29
22.21
24.85
26.57
26.9
26.92
Effective Tax Rate (%)
15.12
12.55
10.82
9.67
9.05
3.43
5.96
6.96
13.99
9.88
17.4
18.85
22.84
26.29
27.75
26.9
22.5
Profit Margin (%)
798
1,347
1,246
1,298
1,695
1,766
1,960
2,200
2,348
2,533
2,887
3,493
3,953
5,338
8,546
7,606
- -
Working Capital
258
322
381
416
22
458
599
357
408
24
21
32
727
733
2,579
10
- -
LT Debt
1,047
1,421
1,508
1,590
1,684
1,720
1,778
1,939
2,079
2,155
2,556
2,998
3,666
5,059
6,399
8,186
- -
Total Equity
8.38
5.4
4.11
3.16
3.3
1.37
2.29
5.02
5.56
6.64
9.74
16.59
12
13.64
10.19
8.25
- -
Return on Invested Capital (%)
8.38
5.39
10.84
7.94
9.89
4.95
6.21
9.8
10.45
10.29
17.28
25.7
20.53
24.01
18.59
14.93
- -
Return on Capital (%)
13.49
9.45
6.85
5.44
5.77
2.1
3.35
5.44
8.32
5.85
14.63
19.87
19.82
24.87
22.97
17.32
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,269
- -
LT Borrowings
- -
10
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
123
123
123
Market Capitalization
14,614
6,943
9,280

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
21,790
- -
Cash, Cash Equivalents & STI
- -
2,162
- -
Accounts Receivable, Net
- -
1,841
- -
Inventories
- -
85
- -
Total Current Liabilities
- -
14,184
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,269
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.39%
26.4%
27.93%
Free Cash Flow
-373.99%
-276.68%
-404.1%
Net Income, GAAP
51.65%
32.28%
-3.99%
Sales/Revenue/Turnover
19.1%
20.67%
-0.94%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,604
1,537
1,478
1,220
4,728
2026
1,316
1,268
1,367
1,806
4,684
2027
1,498
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.2
3.4
3.2
2.2
11.81
2026
2.4
2.7
2.7
3
10.56
2027
2.8
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Master Trust Ltd (MASTERTR.NS) is a diversified non-banking financial company (NBFC) providing a comprehensive suite of brokerage, investment, and advisory services to retail and corporate clients across India. The company offers equity trading, derivatives trading, currency trading, commodity trading, depository services through NSDL and CDSL, wealth management, portfolio management services (PMS) including MPSL Vallum India Discovery Fund and MPSL iRage Absolute Return Strategy, insurance broking via Master Insurance Brokers Ltd, merchant banking as a Category-1 merchant banker, research and advisory reports, algorithmic trading systems such as Master Trader and Rest API integrations, non-banking financial services including lending and securities investments, mutual fund distribution, IPO and bond offerings, as well as discount brokerage through My Value Trade and mobile trading via Master Mobile and masterswift 2.0 platforms. Incorporated in 1985 as Arora Financial Consultants Private Limited and renamed Master Trust Ltd in 1992, the company is headquartered at Master Chambers, 3rd Floor, SCO 19, Feroze Gandhi Market, Ludhiana, Punjab, India, with operations spanning 22 states and over 380,000 clients served by more than 1,180 employees. In recent developments, Master Trust Ltd listed its shares on the main board of the National Stock Exchange (NSE) effective November 12, 2024, under the ticker MASTERTR, alongside BSE. Its subsidiary Master Capital Services Ltd received in-principle approval from SEBI on November 11, 2025, to sponsor and set up a mutual fund for launching equity and multi-asset schemes with a Rs 50 crore investment, as part of broader expansion plans into asset management, a private sector bank in Punjab, and custodian services for foreign financial institutions.