MAS Financial Services

MAS Financial Services

300.30
-3.90
(-1.28%)
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Key Fundamentals
Add Ratio
Market Cap
5,449.04 Cr
EPS
17.48
PE Ratio
16.14
Dividend Yield
0.56 %
52 Week High
350.45
52 Week Low
220.06
PB Ratio
1.96
Debt to Equity
3.78
Sector
NBFC
Analyst Rating and Forecast
- By Refinitiv from5 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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positive
MAS Financial Services Limited announced its quarterly results with consolidated Assets Under Management (AUM) reaching Rs 13,821.14 crores, representing an 18.32% year-on-year growth. The company reported consolidated Profit After Tax (PAT) of Rs 91.43 crores for the quarter ended September 30, 2025, marking a 17.79% increase from Rs 77.62 crores in the corresponding quarter of the previous year. On a standalone basis, the company achieved AUM of Rs 12,999.44 crores (18% growth) and PAT of Rs 89.70 crores (17.15% growth). The company maintained strong portfolio quality with gross stage 3 assets at 2.53% and net stage 3 assets at 1.69% of AUM. Capital Adequacy Ratio remained robust at 24.57% including Tier II capital. The company's subsidiary MAS Rural Housing and Mortgage Finance Limited reported AUM of Rs 821.70 crores with 23.65% growth and PAT of Rs 2.99 crores. The board also appointed Mr. Pranay Modi as Chief Information Security Officer and approved unaudited financial results for the quarter and half year ended September 30, 2025.
positive
MAS Financial Services reported consolidated net profit of 903.4 million rupees for Q2, representing an increase from 767.2 million rupees in the same period last year. The company's revenue grew to 4.8 billion rupees compared to 3.84 billion rupees year-over-year.
neutral
MAS Financial Services stock declined 10% over two months following its June quarter results, underperforming the ET NBFC index which fell 2%. The MSME lender reported net interest income growth of 35.7% to ₹237.6 crore and net profit increase of 19.1% to ₹83.9 crore, though profit growth was slower due to higher operating expenses. Asset quality showed some deterioration with GNPA ratio rising to 2.5% from 2.3% year-on-year, while zero DPD proportion fell to 93.4% from 94.6%. The company operates 206 branches across 13 states with AUM of ₹12,504.6 crore, where MSME segment comprises 76% of total AUM. MAS Financial expects AUM growth of 20-25% for the year and anticipates improved disbursements in the second half through branch expansion. Analysts maintain buy ratings with Motilal Oswal setting a target price of ₹400, representing 33% upside from the current trading price of ₹300.4.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
1,051.30
#1 6,54,169.52
36.75
#1 69,724.80
26.81
#1 16,780
21.81
50.68
297.20
1,88,815.37
115.97
2,078.90
12.09
1,613
0.86
35.75
803.60
1,51,157.79
15.11
41,859.50
19.61
9,423
7.47
86.69
1,690.80
1,42,263.75
30.46
26,152.80
34.67
4,260
19.82
53.12
3,184.00
1,27,827.56
20.83
20,324.50
34.04
5,352
65.12
53.88
867.90
82,584.54
43.15
18,637.10
6.60
1,916
9.99
39.02
4,825.70
53,615.39
27.37
8,563.00
17.53
1,813
11.90
68.09
2,775.90
47,147.30
#1 11.63
4,612.20
#1 76.63
4,241
-14.01
30.29
304.85
42,373.27
17.55
18,530.50
16.03
2,261
45.15
65.83
463.70
36,131.90
172.71
4,222.80
34.17
-98
#1 115.75
35.51

Automatic Screeners on ScanX

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

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
Sept 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
385
410
439
467
482
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
134
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
349
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 %
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
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
224
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
123
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
31
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
91
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
4.98

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
Sept 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 %
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 %
3.18 %
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 %
20.16 %
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 %
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 %
7.47 %
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 %
2.56 %
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
43,237

Dividend History

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 Dividend
₹ 1.50 /share
17 Aug 2021 285.63 249.86
12 Feb 2022 DIVIDEND Dividend
₹ 1.25 /share
10 Feb 2022 157.80 206.28
18 Aug 2022 DIVIDEND Dividend
₹ 1.75 /share
12 Aug 2022 220.50 216.28
11 Feb 2023 DIVIDEND Dividend
₹ 1.80 /share
10 Feb 2023 264.68 277.78
20 Jul 2023 DIVIDEND Dividend
₹ 1.85 /share
19 Jul 2023 243.78 257.18
23 Jan 2024 DIVIDEND Dividend
₹ 3.00 /share
23 Jan 2024 301.30 348.50
09 Feb 2024 EXTRAORDINARY GENERAL MEETING Extraordinary General Meeting
NA
09 Feb 2024 320.40 335.13
22 Feb 2024 BONUS Bonus
2:1
22 Feb 2024 334.55 327.88
05 Sept 2024 DIVIDEND Dividend
₹ 0.51 /share
04 Sept 2024 296.75 284.05
11 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
11 Sept 2024 279.10 284.40
23 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
23 Oct 2024 295.80 289.10
29 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Jan 2025 244.15 242.15
05 Feb 2025 DIVIDEND Dividend
₹ 1.00 /share
05 Feb 2025 242.15 252.25
30 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Apr 2025 279.15 274.64
23 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
23 Jul 2025 315.55 334.10
27 Aug 2025 DIVIDEND Dividend
₹ 0.70 /share
26 Aug 2025 274.64 305.75
03 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
03 Sept 2025 334.10 306.45
05 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 Nov 2025 301.25 312.80

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication5 minutes ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome18 hours ago
Announcement under Regulation 30 (LODR)-Investor Presentation1 day ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release1 day ago
Announcement under Regulation 30 (LODR)-Change in Management1 day ago
Results - Financial Results For September 30 20251 day ago
Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held Today I.E. Wednesday November 05 20251 day ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation6 days ago
Board Meeting Intimation for To Be Held On Wednesday November 05 20258 days ago
Announcement under Regulation 30 (LODR)-Credit RatingOct 18, 2025
Closure of Trading WindowSep 29, 2025
Announcement under Regulation 30 (LODR)-AcquisitionSep 12, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 04, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 03, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 02, 2025
Investment In Subsidiary CompanyAug 29, 2025
Announcement under Regulation 30 (LODR)-AllotmentAug 29, 2025
Announcement under Regulation 30 (LODR)-AllotmentAug 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 09, 2025
Letter To Shareholders - 30Th Annual General MeetingAug 08, 2025
Notice Of 30Th AGM To Be Held On September 3 2025Aug 08, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 08, 2025
Reg. 34 (1) Annual Report.Aug 08, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Aug 08, 2025
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Aug 08, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Aug 08, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 31, 2025
Announcement under Regulation 30 (LODR)-AllotmentJul 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 29, 2025
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Jul 28, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Jul 28, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 24, 2025
Corporate Action - Fixes Record Date For AGM & DividendJul 24, 2025
Corporate Action - Fixes Record Date For AGM & DividendJul 24, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJul 23, 2025
Appointment Of Secretarial AuditorJul 23, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 23, 2025
Annual General Meeting To Be Held On September 3 2025Jul 23, 2025
Corporate Action - Fixes Book Closure For The Purpose Of 30Th AGM & Payment Of Final DividendJul 23, 2025
Results - Financial Results For June 30 2025Jul 23, 2025
Board Meeting Outcome for Outcome Of Board MeetingJul 23, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 17, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 17, 2025
Board Meeting Intimation for The Meeting To Be Held On July 23 2025.Jul 16, 2025
Closure of Trading WindowJun 27, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 18, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
Announcement under Regulation 30 (LODR)-AllotmentMay 16, 2025

Mutual Fund Holdings

Technical Indicators

RSI(14)
Neutral
47.66
ATR(14)
Volatile
9.51
STOCH(9,6)
Neutral
55.61
STOCH RSI(14)
Neutral
67.58
MACD(12,26)
Bullish
0.97
ADX(14)
Weak Trend
15.50
UO(9)
Bearish
46.82
ROC(12)
Uptrend But Slowing Down
2.29
WillR(14)
Neutral
-64.33