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MAS Financial Services Limited

MAS Financial Services Limited

MASFIN.NS
MAS Financial Services LimitedIN flagNational Stock Exchange of India
319.20
INR
-2.85
- -
57.92BMarket Cap
MAS Financial Services Limited
MASFIN.NS
(National Stock Exchange of India)

Recent

price

319.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
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
81.41
97.02
85.03
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
17.97
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
-64.92
-103.53
- -
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
1.51
1.54
3.05
4.18
6.03
3.58
15.71
20.15
20.64
29.27
36.08
44.78
61.88
70.43
10
- -
Book Value per Share
3.63
8.61
10.61
12.92
15.68
15.81
53.26
54.14
61.35
75.17
83.68
94.11
110.82
149.13
166.9
- -
Tangible Book Value per Share
126
126
126
126
126
120
148
164
164
164
164
164
164
178
181
180
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
14,455
17,602
15,338
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
27.31
25.42
27.32
Operating Margin (%)
5
6
6
10
11
14
16
16
29
26
21
27
43
56
72
60
Depreciation Expense
201
273
326
400
508
685
1,044
1,535
1,674
1,444
1,592
2,033
2,510
3,104
3,712
3,242
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
25.41
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
21.47
21.09
21.14
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
29,525
120,717
- -
Working Capital
859
717
1,035
1,648
3,948
12,389
11,930
6,860
9,708
10,983
18,771
28,789
41,617
51,820
103,175
- -
LT Debt
1,294
1,523
1,775
2,066
2,436
1,900
7,915
8,879
10,062
12,328
13,725
15,447
18,186
26,505
30,364
- -
Total Equity
- -
10.99
10.86
10.68
10.34
5.66
5.28
5.39
4.94
2.35
2.21
1.72
1.1
2.79
2.64
- -
Return on Invested Capital (%)
- -
11.26
11.35
11.17
10.52
5.95
8.07
8.37
7.02
4.73
3.96
3.82
3.23
3.25
3.49
6.91
Return on Capital (%)
- -
141.65
112.46
87.56
78.77
108.37
75.75
54.58
50.05
35.28
29.71
30.66
28.71
27.4
51.84
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
39,737
- -
LT Borrowings
- -
51,820
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
181
- -
Market Capitalization
48,530
43,682
55,570

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
73,098
- -
Cash, Cash Equivalents & STI
- -
21,068
- -
Accounts Receivable, Net
- -
47
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
43,573
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
39,737
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
20.33%
29.48%
21.77%
Total Cash Common Dividend
3,258.15%
6,481.32%
29.13%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,627
2,772
2,988
1,594
10,083
2025
3,309
3,440
3,727
3,979
14,455
2026
4,192
4,440
4,708
- -
17,602

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.47
3.73
3.88
- -
15.31
2025
4.32
4.22
4.39
4.55
17.48
2026
4.82
5.08
5.69
- -
20.46

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.62
2025
- -
- -
- -
- -
1.54
2026
- -
- -
- -
- -
1.95
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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.