MAS Financial Services Limited share price

NSE: MASFIN · ISIN INE348L01012

Key numbers

Market cap
₹ 5,131 Cr
Current price
₹ 282.75
52-week high / low
₹ 359 / 275
Stock P/E
13.0
Book value
₹ 164.1
Dividend yield
0.71%
ROCE
4.0%
ROE
13.3%
Debt to equity
3.47
Sales growth (3 yrs)
25.5%
Profit growth (3 yrs)
22.2%
1-year return
-10.6%

About MAS Financial Services Limited

MAS Financial Services Limited, a non-banking finance company (NBFC), provides retail financing services for individuals and businesses in India. It operates through Financing Activities and Others segments. The company offers micro-enterprise, small and medium enterprise, business, two-wheeler, used car, salaried personal, commercial vehicle and property, and housing finance loans; project loans for real estate projects; loans to NBFCs; and loans against property. It also engages in insurance broking activities. MAS Financial Services Limited was incorporated in 1995 and is headquartered in Ahmedabad, India.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales398419444471504
Operating profit116114110125154
Net profit828692103108
EPS (₹)4.554.715.085.695.98

Concall summary (2026-08-05)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • With a very strong AUM growth of 21%, consistent to our guidance of 20% to 25%.
  • In addition, we currently have sanctioned direct assignment lines of more than INR700 crores which we expect to utilize during the quarter.

Growth & demand

  • So, it is a growth of around 21% from INR13,300 crores to INR16,100 crores, and PAT growth is of around 27% from INR86 crores to INR110 crores.
  • Profit before tax , there is a growth of 25% from INR112 crores to INR140 crores and the profit after tax grew by 25% from INR84 crores to INR105 crores.

Margins & costs

  • While this year, we did good in reducing our borrowing cost by almost 55 basis points to 9.25% from the erstwhile borrowing cost.
  • Quickly on the housing finance side, I'm very happy to share the operational numbers in terms of profitability, a strong growth of profitability of 56% because of the lower operational cost as we are growing our AUM.

Balance sheet & cash

  • On the long -term borrowing front, we raised INR400 crores through term loans during the quarter, with an average maturity profile of 3 years to 5 years.
  • Additionally, we have sanctioned borrowing lines of more than INR250 crores available for future drawdown.

Risks & challenges

  • Despite probable headwinds of the conflict, which we were expecting in the beginning, but fortunately did not play out because of two reasons.
  • One is our CRO, Nishant Jain, who is with the company since last almost 7 - 8 years and given his performance and given his contribution on the risk management has been entrusted to more responsibility as Director -Operations, which will cover credit risk and operations, everything.

Peers in Credit Services

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