| Quarterly Financials | Jun 2017 | Sept 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 104 | 124 | 125 | 126 | 127 | 143 | 170 | 165 | 169 | 177 | 183 | 178 | 169 | 161 | 150 | 147 | 157 | 166 | 180 | 192 | 205 | 241 | 262 | 280 | 293 | 313 | 337 | 348 | 366 | 386 | 410 | 439 | 467 |
| Expenses | 25 | 31 | 33 | 34 | 33 | 34 | 36 | 37 | 33 | 47 | 43 | 58 | 43 | 38 | 32 | 31 | 31 | 31 | 37 | 35 | 45 | 56 | 59 | 57 | 66 | 76 | 77 | 83 | 86 | 95 | 106 | 124 | 132 |
| EBITDA | 79 | 93 | 92 | 91 | 94 | 110 | 135 | 128 | 136 | 130 | 140 | 120 | 126 | 123 | 118 | 116 | 126 | 135 | 143 | 157 | 160 | 185 | 203 | 223 | 227 | 237 | 261 | 266 | 280 | 291 | 304 | 315 | 335 |
| Operating Profit % | 76 % | 75 % | 74 % | 73 % | 74 % | 76 % | 79 % | 78 % | 80 % | 73 % | 76 % | 67 % | 74 % | 76 % | 79 % | 79 % | 80 % | 81 % | 79 % | 82 % | 78 % | 77 % | 78 % | 79 % | 77 % | 76 % | 77 % | 76 % | 76 % | 75 % | 74 % | 72 % | 72 % |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Interest | 49 | 52 | 45 | 41 | 45 | 54 | 64 | 63 | 71 | 78 | 73 | 74 | 75 | 76 | 69 | 66 | 75 | 81 | 88 | 95 | 97 | 116 | 133 | 150 | 150 | 154 | 172 | 171 | 181 | 185 | 195 | 202 | 217 |
| Profit Before Tax | 30 | 41 | 47 | 50 | 48 | 55 | 70 | 65 | 64 | 51 | 65 | 45 | 50 | 47 | 49 | 50 | 50 | 53 | 55 | 62 | 62 | 68 | 69 | 72 | 77 | 83 | 87 | 94 | 97 | 104 | 108 | 112 | 116 |
| Tax | 13 | 16 | 16 | 18 | 17 | 19 | 24 | 23 | 22 | 10 | 17 | 12 | 13 | 12 | 12 | 14 | 13 | 14 | 14 | 15 | 16 | 17 | 18 | 15 | 19 | 21 | 23 | 24 | 25 | 26 | 28 | 29 | 29 |
| Net Profit | 17 | 25 | 31 | 33 | 31 | 36 | 46 | 42 | 42 | 41 | 49 | 34 | 38 | 35 | 36 | 36 | 37 | 40 | 41 | 46 | 46 | 51 | 52 | 57 | 58 | 62 | 64 | 70 | 73 | 78 | 80 | 83 | 87 |
| EPS in ₹ | 3.80 | 4.49 | 7.13 | 5.96 | 5.73 | 6.43 | 8.44 | 7.61 | 7.64 | 7.47 | 8.88 | 6.20 | 6.80 | 6.38 | 6.59 | 6.65 | 6.70 | 7.16 | 7.43 | 8.33 | 8.32 | 9.18 | 9.39 | 10.29 | 10.41 | 11.19 | 11.64 | 4.23 | 4.32 | 4.73 | 3.88 | 4.55 | 4.82 |
MAS Financial Services
MAS Financial Services
302.65
-6.15
(-1.99%)
Market Cap
5,491.70 Cr
EPS
17.48
PE Ratio
16.96
Dividend Yield
0.56 %
Industry
Financial Services52 Week High
350.45
52 Week Low
220.06
PB Ratio
2.11
Debt to Equity
3.78
Sector
NBFC
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from5 analysts
Company News
View All News
MAS Financial Services Limited acquired 333,333 equity shares of its subsidiary MAS Rural Housing and Mortgage Finance Limited through conversion of optionally convertible preference shares. The conversion increased MFSL's stake from 62.02% to 62.54%. The Finance Committee of MRHMFL approved the allotment of equity shares at Rs. 100 per share. MRHMFL is a housing finance company focused on serving middle income segments, with turnover of Rs. 23 crores and net profit of Rs. 2.76 crores as of June 30, 2025. The subsidiary has shown consistent growth with turnover increasing from Rs. 43.75 crores in 2022-23 to Rs. 81.08 crores in 2024-25.
MAS Financial Services Limited has allotted 20,000 non-convertible debentures worth INR 200 crore through private placement. The debentures carry a face value of INR 1,00,000 each and offer an interest rate of 9.75% per annum payable annually. The instruments are rated 'CARE AA-; Stable' by CARE Ratings Limited and have a tenure of 1 year, 10 months and 16 days, maturing on June 15, 2027. The debentures are secured by a first ranking charge over the company's book debts and loan receivables, with security coverage of at least 1.10 times the outstanding amount. Investors include HDFC Credit Risk Debt Fund, HDFC Medium Term Debt Fund, HSBC Credit Risk Fund, HSBC Low Duration Fund, and HSBC Medium Duration Fund. The debentures will be listed on the Wholesale Debt Market segment of BSE Limited.
MAS Financial Services reported consolidated AUM growth of approximately 21% and profitability growth of close to 20% for Q1 FY26. The company's AUM reached INR12,505 crores compared to INR10,384 crores in the previous year. Total income grew 28% from INR347 crores to INR444 crores, while profit after tax increased 19% from INR70 crores to INR84 crores. The company maintained asset quality with Net Stage 3 Assets at 1.63% and Gross Stage 3 at 2.49%. MSME segment contributes 75% of assets, with the remaining 25% from Wheels and Personal Loan businesses. The company operates through 206 branches across 14,500+ pin codes, with 65-66% business through retail distribution and the rest through NBFC partnerships. ROA was maintained at 2.84% and ROE at 14% on expanded capital base. The housing finance subsidiary reached INR794 crores AUM with 27% growth. Management expects 20-25% growth guidance and anticipates 25-35 basis points reduction in borrowing costs during the year.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
985.10 | #1 6,12,169.40 | 35.18 | #1 69,724.80 | 26.81 | #1 16,780 | 21.81 | 67.10 | |
295.85 | 1,87,957.70 | 117.36 | 2,078.90 | 12.09 | 1,613 | 3.87 | 31.89 | |
1,569.90 | 1,32,044.50 | 29.65 | 26,152.80 | 34.67 | 4,260 | 20.12 | 59.79 | |
3,020.30 | 1,21,254.10 | 19.67 | 20,324.50 | 34.04 | 5,352 | #1 65.12 | 67.76 | |
606.05 | 1,13,969.30 | 13.39 | 41,859.50 | 19.61 | 9,423 | 6.34 | 47.51 | |
873.85 | 83,145.50 | 44.29 | 18,637.10 | 6.60 | 1,916 | -6.48 | 64.28 | |
2,965.50 | 50,367.60 | #1 12.31 | 4,612.20 | #1 76.63 | 4,241 | -14.01 | 44.48 | |
4,485.50 | 49,835.60 | 25.98 | 8,563.00 | 17.53 | 1,813 | 9.27 | 48.20 | |
279.75 | 38,884.40 | 16.97 | 18,530.50 | 16.03 | 2,261 | 6.44 | 58.19 | |
485.25 | 37,768.20 | 173.32 | 4,222.80 | 34.17 | -98 | -78.53 | 64.95 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
24.00 %
Net Income Growth
23.62 %
Cash Flow Change
17.02 %
ROE
-15.18 %
ROCE
-4.22 %
EBITDA Margin (Avg.)
-3.18 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 2,201 | 2,900 | 3,991 | 4,820 | 5,430 | 6,309 | 8,015 | 9,547 | 12,199 |
| Fixed Assets | 9 | 58 | 13 | 15 | 12 | 14 | 17 | 25 | 27 |
| Current Assets | 1,294 | 95 | 449 | 1,134 | 1,080 | 936 | 884 | 994 | 1,373 |
| Capital Work in Progress | 0 | 0 | 46 | 48 | 50 | 52 | 58 | 70 | 92 |
| Investments | 0 | 0 | 0 | 5 | 202 | 493 | 791 | 726 | 1,526 |
| Other Assets | 2,192 | 2,842 | 3,932 | 4,752 | 5,166 | 5,750 | 7,149 | 8,726 | 10,554 |
| Total Liabilities | 2,201 | 2,900 | 3,991 | 4,820 | 5,430 | 6,309 | 8,015 | 9,547 | 12,199 |
| Current Liabilities | 1,237 | 1,573 | 1,984 | 1,183 | 1,060 | 763 | 363 | 303 | 614 |
| Non Current Liabilities | 621 | 535 | 1,072 | 2,631 | 3,169 | 4,173 | 6,107 | 7,426 | 8,934 |
| Total Equity | 342 | 792 | 934 | 1,006 | 1,200 | 1,373 | 1,545 | 1,819 | 2,651 |
| Reserve & Surplus | 241 | 723 | 861 | 932 | 1,125 | 1,295 | 1,464 | 1,619 | 2,427 |
| Share Capital | 90 | 55 | 55 | 55 | 55 | 55 | 55 | 164 | 181 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 35 | -32 | -134 | 3 | 348 | 648 | -59 | -703 | -46 | -26 | 236 |
| Investing Activities | -2 | -3 | -4 | -49 | 14 | 4 | -199 | -820 | -304 | 50 | -828 |
| Operating Activities | -267 | -281 | -164 | -386 | -468 | 196 | -578 | -805 | -1,426 | -1,366 | -1,134 |
| Financing Activities | 303 | 252 | 34 | 438 | 802 | 448 | 719 | 923 | 1,684 | 1,290 | 2,198 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Feb 2024 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 73.60 % | 73.60 % | 73.60 % | 73.62 % | 73.64 % | 73.71 % | 73.73 % | 73.73 % | 73.73 % | 73.73 % | 73.73 % | 73.73 % | 73.73 % | 73.73 % | 66.63 % | 66.63 % | 66.63 % | 66.63 % | 66.63 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 1.79 % | 3.58 % | 2.72 % | 3.01 % | 3.12 % | 3.06 % |
| DIIs | 9.97 % | 9.86 % | 9.64 % | 9.55 % | 9.14 % | 9.07 % | 10.09 % | 11.04 % | 11.01 % | 10.58 % | 8.57 % | 8.43 % | 7.06 % | 14.41 % | 20.41 % | 20.23 % | 20.02 % | 20.13 % | 19.99 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 5.40 % | 5.46 % | 5.80 % | 5.92 % | 6.41 % | 6.34 % | 5.62 % | 4.99 % | 4.92 % | 5.14 % | 6.47 % | 6.72 % | 7.97 % | 7.95 % | 7.39 % | 8.41 % | 7.86 % | 7.66 % | 7.67 % |
| Others | 11.02 % | 11.07 % | 10.95 % | 10.91 % | 10.81 % | 10.88 % | 10.56 % | 10.24 % | 10.34 % | 10.55 % | 11.24 % | 11.12 % | 11.24 % | 2.11 % | 1.99 % | 2.00 % | 2.48 % | 2.45 % | 2.65 % |
| No of Share Holders | 23,899 | 23,544 | 25,843 | 27,734 | 30,497 | 29,681 | 25,816 | 25,761 | 24,767 | 23,837 | 28,999 | 31,514 | 41,338 | 44,544 | 44,743 | 50,510 | 51,148 | 49,599 | 46,496 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 3.125 | 3.66 | 5.1 | 8 | 1.5 | 3 | 3.65 | 3.51 | 1.7 |
| Dividend Yield (%) | 0.00 | 1.58 | 1.95 | 2.92 | 2.81 | 0.84 | 1.12 | 1.28 | 1.43 | 0.56 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 19 Aug 2021 |  Dividend | ₹ 1.50 /share | 17 Aug 2021 | 285.63 | 249.86 |
| 12 Feb 2022 | Dividend | ₹ 1.25 /share | 10 Feb 2022 | 157.80 | 206.28 |
| 18 Aug 2022 | Dividend | ₹ 1.75 /share | 12 Aug 2022 | 220.50 | 216.28 |
| 11 Feb 2023 | Dividend | ₹ 1.80 /share | 10 Feb 2023 | 264.68 | 277.78 |
| 20 Jul 2023 | Dividend | ₹ 1.85 /share | 19 Jul 2023 | 243.78 | 257.18 |
| 23 Jan 2024 | Dividend | ₹ 3.00 /share | 23 Jan 2024 | 301.30 | 348.50 |
| 09 Feb 2024 |  Extraordinary General Meeting | NA | 09 Feb 2024 | 320.40 | 335.13 |
| 22 Feb 2024 |  Bonus | 2:1 | 22 Feb 2024 | 334.55 | 327.88 |
| 05 Sept 2024 | Dividend | ₹ 0.51 /share | 04 Sept 2024 | 296.75 | 284.05 |
| 11 Sept 2024 |  Annual General Meeting | NA | 11 Sept 2024 | 279.10 | 284.40 |
| 23 Oct 2024 |  Quarterly Result Announcement | NA | 23 Oct 2024 | 295.80 | 289.10 |
| 29 Jan 2025 | Quarterly Result Announcement | NA | 29 Jan 2025 | 244.15 | 242.15 |
| 05 Feb 2025 | Dividend | ₹ 1.00 /share | 05 Feb 2025 | 242.15 | 252.25 |
| 30 Apr 2025 | Quarterly Result Announcement | NA | 30 Apr 2025 | 279.15 | 274.64 |
| 23 Jul 2025 | Quarterly Result Announcement | NA | 23 Jul 2025 | 315.55 | 334.10 |
| 27 Aug 2025 | Dividend | ₹ 0.70 /share | 26 Aug 2025 | 274.64 | 305.75 |
| 03 Sept 2025 | Annual General Meeting | NA | 03 Sept 2025 | 334.10 | 306.45 |
Announcements
Announcement under Regulation 30 (LODR)-Acquisition
Sep 12, 2025
Sep 12, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 04, 2025
Sep 04, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 02, 2025
Sep 02, 2025Investment In Subsidiary CompanyAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-AllotmentAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-AllotmentAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 09, 2025
Aug 09, 2025Letter To Shareholders - 30Th Annual General MeetingAug 08, 2025
Aug 08, 2025Notice Of 30Th AGM To Be Held On September 3 2025Aug 08, 2025
Aug 08, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 08, 2025
Aug 08, 2025Reg. 34 (1) Annual Report.Aug 08, 2025
Aug 08, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Aug 08, 2025
Aug 08, 2025Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Aug 08, 2025
Aug 08, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-AllotmentJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 29, 2025
Jul 29, 2025Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Jul 28, 2025
Jul 28, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Jul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 24, 2025
Jul 24, 2025Corporate Action - Fixes Record Date For AGM & DividendJul 24, 2025
Jul 24, 2025Corporate Action - Fixes Record Date For AGM & DividendJul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 23, 2025
Jul 23, 2025Appointment Of Secretarial AuditorJul 23, 2025
Jul 23, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 23, 2025
Jul 23, 2025Annual General Meeting To Be Held On September 3 2025Jul 23, 2025
Jul 23, 2025Corporate Action - Fixes Book Closure For The Purpose Of 30Th AGM & Payment Of Final DividendJul 23, 2025
Jul 23, 2025Results - Financial Results For June 30 2025Jul 23, 2025
Jul 23, 2025Board Meeting Outcome for Outcome Of Board MeetingJul 23, 2025
Jul 23, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 17, 2025
Jul 17, 2025Board Meeting Intimation for The Meeting To Be Held On July 23 2025.Jul 16, 2025
Jul 16, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 18, 2025
Jun 18, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-AllotmentMay 16, 2025
May 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 08, 2025
May 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 02, 2025
May 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 02, 2025
May 02, 2025Announcement under Regulation 30 (LODR)-Investor PresentationApr 30, 2025
Apr 30, 2025Related Party Transaction As On 31.03.2025Apr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Raising of FundsApr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 30, 2025
Apr 30, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 30, 2025
Apr 30, 2025Corporate Action-Board approves DividendApr 30, 2025
Apr 30, 2025Technical Indicators
RSI(14)
Neutral 37.70
ATR(14)
Volatile 8.01
STOCH(9,6)
Neutral 25.38
STOCH RSI(14)
Oversold 8.32
MACD(12,26)
Bearish -1.30
ADX(14)
Weak Trend 19.62
UO(9)
Bearish 45.49
ROC(12)
Downtrend And Accelerating -3.74
WillR(14)
Oversold -89.73
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