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MAS Financial Services Limited

MAS Financial Services Limited

NSE: MASFIN
Credit ServicesFinancial ServicesSMALL CAPMCap ₹4.82k Cr
₹265.45₹-0.45 (-0.17%)

Market Closed • NSE

Market cap₹4.82k Cr
Enterprise value₹14.20k Cr
P/E TTM12.22
Forward P/E8.27
P/B1.62
EPS TTM₹21.73
Forward EPS₹32.10
ROCE11.30%
D/E3.40
Dividend yield0.01%
Face value₹10.00
52W high₹358.85
52W low₹260.75
Price chart(1Y)
1Y Return:-11.63% (₹34.95)
H: ₹334L: ₹260.75
1W-0.95%
1M-7.48%
3M-17.29%
6M-16.99%
1Y-10.74%
Today at a glance

Day range

₹262.35₹269.55

52 week range

₹260.75₹358.85
Volume69.0K0.37x 20D avg
Free float50.00%-63.40% volume

MAS Financial Services Limited closed at INR265.45 (-0.17%) on volume 0.37x its 20-day average, trading 26.03% below its 52-week high.

Technical analysis
RSI (14)34.5Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹8.82High
SMA 20₹275.22BEARISH
SMA 50₹288.56BEARISH
SMA 100₹300.92BEARISH
SMA 200₹309.07BEARISH
CPR bottom₹268.38
Pivot₹267.55
CPR top₹266.73
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +5.8% QoQ

2026-08-25

DIVIDEND Announced

Dividend - Re 0.75 Per Share

2026-02-04

DIVIDEND Announced

Interim Dividend - Rs 1.25 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹10.32k Cr₹4.82k Cr214.20%≤ 33%FAIL
Non-halal income ratio–₹1.76k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹13.52k Cr₹13.75k Cr98.37%≥ 20%PASS
Receivables ratio–₹13.75k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E12.2216.50
Forward P/E8.27—
P/B1.621.60
EV/EBITDA—18.00
PEG—0.50
Earnings yield8.206.10
Growth & profitability
RevenuePAT
FY24PAT margin 24.90%
FY25PAT margin 21.50%
FY26PAT margin 21.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y—
Revenue CAGR 5Y+11.80%
PAT CAGR 3Y+5.70%
PAT CAGR 5Y+8.10%
Operating margin55.99%
Net margin40.51%
Financial health & cash flow
Net debt₹10.09k CrModerate
Interest coverage—xEBIT / interest
CFO / PAT-4.44x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-178677.0 Lakh
Capital expenditure–
Free cash flow₹-187843.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall53/100
Valuation75/100
Profitability65/100
Financial health20/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 12.2x trades below sector historical averages

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 3.40x

Bull case

Market Leadership: Established operational scale in Credit Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
23.37%Institutional holding
9.97%Public holding
5Periods available
0.00%Promoter pledged
39.69KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
26 Aug 2026Dividend₹0.75 / share—25 Aug 2026
04 Feb 2026Dividend₹1.25 / share—04 Feb 2026
27 Aug 2025Dividend₹0.70 / share—26 Aug 2025
05 Feb 2025Dividend₹1.00 / share—05 Feb 2025
—Dividend₹0.51 / share—04 Sept 2024
22 Feb 2024Bonus issue2:1 bonus ratio—22 Feb 2024
22 Jan 2024Dividend₹3.00 / share—22 Jan 2024
—Dividend₹1.85 / share—19 Jul 2023
11 Feb 2023Dividend₹1.80 / share—10 Feb 2023
—Dividend₹1.75 / share—12 Aug 2022
12 Feb 2022Dividend₹1.25 / share—10 Feb 2022
—Dividend₹1.50 / share—17 Aug 2021
—Annual General MeetingAnnual General Meeting—01 Dec 2020
03 Mar 2020Dividend₹6.00 / share—02 Mar 2020
22 Nov 2019Dividend₹2.00 / share—21 Nov 2019
—Dividend₹3.60 / share—18 Jun 2019
23 Nov 2018Dividend₹1.50 / share—20 Nov 2018
—Dividend₹2.16 / share—13 Jun 2018
20 Nov 2017Dividend₹1.50 / share—17 Nov 2017
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)56.52%-1.80% latest vs average
Highest delivery77.88%on 28 Sept
Average volume (20D)188.7KTrading-session average
Conviction trendWeakening-1.80% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
HDFC Bank Limited
HDFC Bank LimitedHDFCBANK
Open analysis
₹11.24L15.931.79%₹46,355.55₹19,059.72-45.69%+17.23%
ICICI Bank Limited
ICICI Bank LimitedICICIBANK
Open analysis
₹10.03L18.060.86%₹32,960.41₹16,276.00-35.98%+12.59%
State Bank of India
State Bank of IndiaSBIN
Open analysis
₹8.89L10.321.81%₹62,915.13₹25,121.00-29.09%+13.56%
Bajaj Finance Limited
Bajaj Finance LimitedBAJFINANCE
Open analysis
₹6.11L29.360.56%₹13,929.00₹6,081.00+17.62%+27.62%
Life Insurance Corporation of India
Life Insurance Corporation of IndiaLICI
Open analysis
₹5.03L8.372.54%₹2.40L₹13,584.00+6.76%+24.00%
Kotak Mahindra Bank Limited
Kotak Mahindra Bank LimitedKOTAKBANK
Open analysis
₹4.45L21.930.15%₹11,266.63₹5,480.00-41.22%+22.54%
Axis Bank Limited
Axis Bank LimitedAXISBANK
Open analysis
₹4.02L14.510.08%₹21,381.52₹7,114.00-3.52%+22.53%
Bajaj Finserv Ltd.
Bajaj Finserv Ltd.BAJAJFINSV
Open analysis
₹2.77L27.450.08%₹42,036.90—+39.05%—
About MAS Financial Services Limited
MAS Financial Services Limited

MAS Financial Services Limited is a non-deposit taking NBFC registered with the RBI. It is engaged in offering retail financing products for MSMEs, home loans, two-wheeler loans, used car loans and commercial vehicle loans. [1]

IndiaFinancial Services

Questions investors ask
Is MAS Financial Services Limited Shariah compliant?

MAS Financial Services Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (214.2%) exceeds AAOIFI threshold (≤ 33%).

What is MAS Financial Services Limited's current valuation relative to peers?

MAS Financial Services Limited trades at a P/E of 12.2x compared to the sector median of 16.5x, and a Price-to-Book of 1.6x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 3.40x. Interest coverage is comfortable.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 11.8% while net profit growth averaged 8.1%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.