MAS Financial Services
MAS Financial Services Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for MAS Financial Services Ltd, framed against the sector median so the premium or discount is obvious at a glance.
MAS Financial Services Ltd trades at a P/E of 15.65× and P/B of 1.95×, against the Financial Services sector median P/E of 18.42×.
Valuation
Profitability
Growth
Financial Health
MAS Financial Services Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for MAS Financial Services Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
MAS Financial Services Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for MAS Financial Services Ltd, switchable between annual and quarterly views, consolidated or standalone.
MAS Financial Services Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹5,788.36 Cr and reported EPS of ₹20.45.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 453 | 605 | 722 | 627 | 690 | 988 | 1,279 | 1,596 | 1,995 |
| Other Income | 2 | 0 | 0 | 1 | 1 | 2 | 7 | 4 | 7 |
| Total Income | 455 | 605 | 722 | 628 | 691 | 990 | 1,286 | 1,600 | 2,002 |
| Gross Profit | 453 | 605 | 722 | 627 | 690 | 988 | 1,279 | 1,596 | 1,995 |
| +Operating Expenses | 125 | 79 | 90 | 60 | 76 | 109 | 156 | 215 | 273 |
| EBITDA | 328 | 525 | 632 | 567 | 615 | 879 | 1,124 | 1,381 | 1,723 |
| +Non-Operating Expenses | 169 | 228 | 299 | 288 | 341 | 499 | 651 | 768 | 909 |
| Profit Before Tax (PBT) | 161 | 238 | 239 | 196 | 216 | 272 | 340 | 421 | 505 |
| +Tax Expense | 56 | 83 | 57 | 50 | 55 | 66 | 86 | 107 | 129 |
| Profit After Tax (PAT) | 106 | 155 | 181 | 146 | 161 | 206 | 254 | 314 | 376 |
| Earnings Per Share (EPS) | 6.39 | 9.36 | 10.97 | 8.80 | 9.71 | 12.39 | 15.31 | 17.11 | 20.46 |
| Diluted Shares Outstanding (Nos.) | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 18 | 18 |
| +Banking Income | 455 | 605 | 722 | 628 | 691 | 990 | 1,286 | 1,600 | 2,002 |
| +Additional Disclosures | 295 | 361 | 490 | 441 | 469 | 703 | 963 | 1,198 | 1,493 |
| Sales Growth % | — | 33.45 | 19.43 | -13.17 | 10.08 | 43.13 | 29.49 | 24.77 | 25.03 |
| YoY Sales Growth % | — | 33.45 | 19.43 | -13.17 | 10.08 | 43.13 | 29.49 | 24.77 | 25.03 |
| Employee Cost % | 9 | 9 | 8 | 6 | 7 | 7 | 8 | 8 | 9 |
| Other Cost % | 18 | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
| OPM % | 72 | 87 | 88 | 90 | 89 | 89 | 88 | 87 | 86 |
| Tax % | 34 | 35 | 24 | 26 | 26 | 24 | 25 | 25 | 26 |
| Profit Growth % | — | 46.10 | 17.24 | -19.72 | 10.74 | 27.72 | 23.41 | 23.61 | 19.70 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | — | 4 | 6 | 6 | 23 | 57 | 49 | 68 | 126 |
MAS Financial Services segment analysis: revenue and profit mix.
Disclosed business segments at MAS Financial Services with their share of revenue and profit, switchable between consolidated and standalone reporting.
MAS Financial Services discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
MAS Financial Services Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy MAS Financial Services Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
MAS Financial Services Ltd's investment case rests on 7 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
MASFIN exhibits a robust ROE of 14.1%, signifying efficient capital utilization and strong profitability. Coupled with a healthy 11.2% ROCE, it indicates effective asset management and operational efficiency, promising good returns on investments.
The company boasts an impressive operating profit margin (OPM) of 73.1%, showcasing exceptional control over operational costs and high profitability from core business activities. This suggests a strong pricing strategy and efficient operations.
MASFIN's Price-to-Earnings (PE) ratio of 17.00 is relatively low compared to many peers (e.g., Bajaj Finance at 37.88), potentially indicating undervaluation. This could present an attractive entry point for investors seeking value.
MASFIN's quarterly profit growth is noteworthy, with a 19.3% increase. This positive trend, combined with a 27.9% rise in quarterly sales, suggests strong momentum and growth potential in the near future. This is a positive indicator of future performance.
The Non-Banking Financial Company (NBFC) sector, where MASFIN operates, often benefits from increasing credit demand in developing economies. This provides a significant market expansion opportunity for MASFIN to grow its loan book and customer base.
What can break it.
MASFIN carries a substantial debt-to-equity ratio of 3.51, indicating a high reliance on debt financing. This poses a significant financial risk, especially during economic downturns or periods of increased interest rates.
Promoter holding in MASFIN has decreased to 66.6% from a higher percentage previously. While still significant, this reduction could raise concerns about potential future dilution of ownership and control, impacting investor confidence.
The recent five-day stock price movement shows volatility, with both gains and losses. This price instability could indicate market uncertainty surrounding the company's future performance and prospects, making it a riskier investment.
While the company shows strong profitability metrics, the absolute values of profit and sales are relatively low. This could limit the company's growth potential and make it more vulnerable to market fluctuations and external economic factors.
MASFIN's high debt-to-equity ratio of 3.51 exposes it to significant risk from rising interest rates, which could increase borrowing costs and negatively impact profitability and financial stability.
What would change my mind.
Trim if P/E re-rates above 20 (~1.1× the sector multiple of 18.4). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 340.29. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
MAS Financial Services Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — MAS Financial Services Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
MAS Financial Services Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for MAS Financial Services Ltd — derived from the live tape, not yesterday's close.
MAS Financial Services Ltd last traded at ₹319.05 with an intraday range of ₹317.1–₹321.9 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹319.05| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 331.20 | +12.15 | +3.81% |
| R3 | 326.40 | +7.35 | +2.30% |
| R2 | 324.15 | +5.10 | +1.60% |
| R1 | 321.60 | +2.55 | +0.80% |
| PIVOT | 319.35 | 0.30 | 0.09% |
| CURRENT | 319.05 | — | — |
| S1 | 307.20 | -11.85 | -3.71% |
| S2 | 312.00 | -7.05 | -2.21% |
| S3 | 314.55 | -4.50 | -1.41% |
| S4 | 316.80 | -2.25 | -0.71% |
MASFIN is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 319.15 ~ 321.8
Trading Inside opening range
MAS Financial Services Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for MAS Financial Services Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in MAS Financial Services Ltd stood at 63.6% of traded volume, against a 20-day average of 57.0%.
MAS Financial Services announcements: results, concalls, ratings, M&A.
Filings MAS Financial Services sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
MAS Financial Services files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 137 documents below.
Disclosure under SEBI Takeover Regulations
Kamlesh Gandhi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Analysts/Institutional Investor Meet/Con. Call Updates
MAS Financial Services Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
MAS Financial Services Limited has informed the Exchange about Copy of Newspaper Publication
Allotment of Securities
MAS Financial Services Limited has informed the Exchange regarding allotment of 36000 securities pursuant to Non Convertible Securities at its…
Press Release
MAS Financial Services Limited has informed the Exchange regarding a press release dated May 12, 2026, titled "Press Release dated May 12, 2026".
Investor decks & rating reports.
MAS Financial Services insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in MAS Financial Services as reported to SEBI — buying and selling signals from the people who know the business best.
MAS Financial Services insider activity below tracks 8 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Kamlesh Chimanlal Gandhi | Insider | 19 Mar 2026 | buy | +9.0 K | ₹26.56 L | ₹293.60 |
| Kamlesh Chimanlal Gandhi | Insider | 19 Mar 2026 | buy | +9.0 K | ₹26.56 L | ₹293.60 |
| Kamlesh Chimanlal Gandhi | Insider | 19 Mar 2026 | buy | +9.0 K | ₹26.56 L | ₹293.60 |
| Kamlesh Chimanlal Gandhi | Insider | 19 Mar 2026 | buy | +9.0 K | ₹26.56 L | ₹293.60 |
| Kamlesh Chimanlal Gandhi | Insider | 09 Mar 2026 | buy | +15.0 K | ₹44.76 L | ₹298.38 |
| Kamlesh Chimanlal Gandhi | Insider | 09 Mar 2026 | buy | +15.0 K | ₹44.76 L | ₹298.38 |
| Kamlesh Chimanlal Gandhi | Insider | 09 Mar 2026 | buy | +15.0 K | ₹44.76 L | ₹298.38 |
| Kamlesh Chimanlal Gandhi | Insider | 04 Mar 2026 | buy | +20.0 K | ₹61.38 L | ₹306.90 |
MAS Financial Services dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue MAS Financial Services has declared, sequenced by announce and record date.
MAS Financial Services corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About MAS Financial Services Ltd: business, sector, key facts.
What MAS Financial Services Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
MAS Financial Services Ltd operates in the Financial Services, listed as NSE: MASFIN, BSE: 540749.
MAS Financial Services Limited (MASFIN) is a non-banking finance company (NBFC) operating in India, specializing in retail financing. Their core business revolves around providing a diverse range of loan products to individuals and businesses across various sectors. This makes them a significant player in the Indian financial landscape, catering to a broad spectrum of the market's borrowing needs.
The company's loan portfolio is notably diversified. They offer micro-enterprise loans, targeting smaller businesses and entrepreneurs, and small and medium enterprise (SME) loans, supporting the growth of larger businesses. In the individual consumer lending space, MASFIN provides financing options for two-wheelers, commercial vehicles, and used cars. Beyond these, they also extend their services to salaried individuals seeking personal loans, as well as offering financing for tractors and housing.
MASFIN's reach is facilitated by a robust distribution network, relying heavily on partnerships. They collaborate with a network of partner micro-finance institutions (MFIs), other NBFCs, housing finance companies, and franchisees to expand their reach across the country. This multi-faceted approach allows them to access geographically dispersed customer segments and cater to diverse borrowing requirements more effectively.
Established in 1995 and headquartered in Ahmedabad, India, MASFIN's long history in the Indian finance sector speaks to their enduring presence and sustained success. Their ability to adapt to market dynamics, cater to diverse borrowing needs, and utilize strategic partnerships to expand their network contributes to their position as a significant player in the Indian retail finance market.
Questions investors ask about MAS Financial Services Ltd (MASFIN).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of MAS Financial Services Ltd (MASFIN)?
The current share price of MAS Financial Services Ltd (MASFIN) is ₹319.05. Today, the stock has declined by ₹1.00 (0.31%), trading in a range of ₹317.1 to ₹321.9. The stock opened at ₹321.7 with a trading volume of 1,12,538 shares.
02Is MAS Financial Services Ltd stock a good investment for long-term?
MAS Financial Services Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹5,788.36 crores, P/E ratio of 15.65, ROE of 13.22%, and ROCE of 11.30%. The dividend yield stands at 0.62%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of MAS Financial Services Ltd stock?
The 52-week high price of MAS Financial Services Ltd (MASFIN) is ₹358.85, while the 52-week low is ₹277.35. Currently trading at ₹319.05, the stock is 51.2% away from its 52-week low and 11.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy MAS Financial Services Ltd stock at the current price?
Whether to buy MAS Financial Services Ltd stock at ₹319.05 depends on multiple factors. The stock is currently trading with a P/E ratio of 15.65 and P/B ratio of 1.95. Today's performance shows a loss of 0.31%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of MAS Financial Services Ltd and when is the next dividend?
MAS Financial Services Ltd offers a dividend yield of 0.62%, which means for every ₹100 invested at the current price of ₹319.05, you can expect to receive approximately ₹0.62 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of MAS Financial Services Ltd?
MAS Financial Services Ltd's key financial metrics include: P/E Ratio: 15.65, P/B Ratio: 1.95, ROE: 13.22%, ROCE: 11.30%, Dividend Yield: 0.62%, EPS: ₹20.45, Book Value: ₹164.11, and Debt-to-Equity: 339.79. The company's market cap stands at ₹5,788.36 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is MAS Financial Services Ltd stock performing today in the market?
MAS Financial Services Ltd stock opened at ₹321.7 and is currently trading at ₹319.05, showing a decline of ₹1.00 (0.31%). The intraday high is ₹321.9 and low is ₹317.1. The trading volume stands at 1,12,538 shares, indicating moderate market participation today.
08What is the P/E ratio of MAS Financial Services Ltd and what does it indicate?
MAS Financial Services Ltd has a Price-to-Earnings (P/E) ratio of 15.65, which means investors are willing to pay ₹15.65 for every ₹1 of earnings. With an EPS of ₹20.45, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about MAS Financial Services Ltd (MASFIN) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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