Master Trust
Master Trust Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Master Trust Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Master Trust Ltd trades at a P/E of 7.38× and P/B of 1.15×, against the Financial Services sector median P/E of 17.67×.
Valuation
Profitability
Growth
Financial Health
Master Trust Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Master Trust Ltd, switchable between annual and quarterly views, consolidated or standalone.
Master Trust Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹960.75 Cr and reported EPS of ₹10.60.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 134 | 136 | 225 | 331 | 339 | 500 | 584 | 576 |
| Other Income | — | — | 0 | 0 | 0 | 0 | — | — |
| Total Income | 134 | 136 | 225 | 331 | 339 | 501 | 584 | 576 |
| Gross Profit | 134 | 136 | 225 | 331 | 339 | 500 | 584 | 576 |
| +Operating Expenses | 100 | 78 | 125 | 165 | 163 | 229 | 267 | 281 |
| EBITDA | 34 | 58 | 100 | 167 | 177 | 272 | 317 | 295 |
| +Non-Operating Expenses | 22 | 19 | 20 | 37 | 35 | 60 | 64 | 64 |
| Profit Before Tax (PBT) | 12 | 13 | 43 | 72 | 85 | 144 | 179 | 172 |
| +Tax Expense | 3 | 1 | 9 | 17 | 19 | 36 | 47 | 46 |
| Profit After Tax (PAT) | 10 | 12 | 34 | 55 | 66 | 108 | 131 | 126 |
| Earnings Per Share (EPS) | 0.88 | 1.13 | 3.16 | 5.07 | 6.06 | 9.94 | 11.69 | 10.25 |
| Diluted Shares Outstanding (Nos.) | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 |
| +Banking Income | 134 | 136 | 225 | 331 | 339 | 501 | 584 | 576 |
| +Additional Disclosures | 122 | 118 | 189 | 249 | 255 | 363 | 390 | 400 |
| Sales Growth % | — | 1.08 | 65.38 | 47.44 | 2.38 | 47.56 | 16.68 | -1.39 |
| YoY Sales Growth % | — | 1.08 | 65.38 | 47.44 | 2.38 | 47.56 | 16.68 | -1.39 |
| Employee Cost % | 25 | 27 | 24 | 21 | 17 | 17 | 15 | 20 |
| Other Cost % | 50 | 30 | 32 | 29 | 31 | 28 | 31 | 29 |
| OPM % | 25 | 43 | 44 | 50 | 52 | 54 | 54 | 51 |
| Tax % | 22 | 8 | 20 | 23 | 22 | 25 | 27 | 27 |
| Profit Growth % | — | 27.17 | 179.20 | 60.55 | 19.41 | 64.03 | 21.43 | -3.92 |
| Gross Margin % | 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 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | — | 25 | 36 | 58 | 57 | 68 | 74 | 58 |
Master Trust segment analysis: revenue and profit mix.
Disclosed business segments at Master Trust with their share of revenue and profit, switchable between consolidated and standalone reporting.
Master Trust discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Master Trust Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Master Trust Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Master Trust Ltd's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
The company exhibits robust profitability with a high Return on Capital Employed (ROCE) of 30.10% and Return on Equity (ROE) of 23.00%, indicating efficient capital utilization and strong shareholder returns.
Master Trust Ltd maintains an impressive Operating Profit Margin (OPM) of 42.00%, showcasing strong operational efficiency and cost management within its core business activities.
With a P/E ratio of 12.30, which is significantly lower than the sector P/E of 19.50, the company appears attractively valued, potentially offering an investment opportunity compared to its peers.
The company's debt-to-equity ratio stands at a healthy 0.40, indicating a conservative financial structure and lower reliance on borrowed capital, which enhances financial stability.
Promoter holding is substantial at 71.93%, demonstrating strong confidence from the management in the company's future prospects and long-term stability.
What can break it.
The latest quarterly results show a significant decline, with sales decreasing by 17.90% and net profit falling by 21.80%, indicating recent operational challenges and potential headwinds.
The company currently has a 0.00% dividend yield, which might not appeal to income-focused investors seeking regular returns from their equity investments.
The current price of 135.00 is significantly below its 52-week high of 202.00, suggesting considerable stock price volatility and a recent downward trend from its peak.
FII and DII holdings are negligible (0.00% and 0.05% respectively), indicating a lack of significant institutional confidence or investment in the company.
The 'Stockbroking & Allied' industry is highly competitive, with numerous established players and new entrants, potentially leading to pricing pressures and reduced margins.
What would change my mind.
Trim if P/E re-rates above 10 (~0.6× the sector multiple of 17.7). 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 28.34. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 12%. The operating engine is no longer compounding capital efficiently.
Master Trust Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Master Trust Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Master Trust Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Master Trust Ltd — derived from the live tape, not yesterday's close.
Master Trust Ltd last traded at ₹78.23 with an intraday range of ₹74.6–₹79.67 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹78.23| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 90.54 | +12.31 | +15.74% |
| R3 | 85.47 | +7.24 | +9.25% |
| R2 | 82.57 | +4.34 | +5.55% |
| R1 | 80.40 | +2.17 | +2.77% |
| PIVOT | 77.50 | -0.73 | -0.93% |
| CURRENT | 78.23 | — | — |
| S1 | 65.19 | -13.04 | -16.67% |
| S2 | 70.26 | -7.97 | -10.19% |
| S3 | 72.43 | -5.80 | -7.41% |
| S4 | 75.33 | -2.90 | -3.71% |
MASTERTR is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 74.6 ~ 78.28
Trading Inside opening range
Master Trust Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Master Trust Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Master Trust Ltd stood at 14.4% of traded volume, against a 20-day average of 21.2%.
Master Trust announcements: results, concalls, ratings, M&A.
Filings Master Trust sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Master Trust files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 37 documents below.
Updates
Master Trust Limited has informed the Exchange regarding 'INTIMATION OF GRANT OF STOCK OPTIONS UNDER MASTER TRUST LIMITED EMPLOYEE STOCK OPTION PLAN…
Copy of Newspaper Publication
Master Trust Limited has informed the Exchange about Copy of Newspaper Publication
Disclosure under SEBI Takeover Regulations
Harjeet Singh Arora has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Master Trust Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Updates
Master Trust Limited has informed the Exchange regarding 'DECLARATION UNDER REGULATION 31(4) OF THE SEBI (SAST) REGULATIONS, 2011'.
Master Trust insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Master Trust as reported to SEBI — buying and selling signals from the people who know the business best.
Master Trust insider activity below tracks 14 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| RAJINDER KUMAR SINGHANIA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| HARJEET SINGH ARORA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| RAJINDER KUMAR SINGHANIA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| HARJEET SINGH ARORA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| RAJINDER KUMAR SINGHANIA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| HARJEET SINGH ARORA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| RAJINDER KUMAR SINGHANIA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| HARJEET SINGH ARORA | Insider | 31 Mar 2026 | buy | +25.00 L | ₹14.09 Cr | ₹56.34 |
| HARJEET SINGH ARORA | Insider | 10 Jun 2025 | buy | +13.00 L | ₹21.62 Cr | ₹166.33 |
| RAJINDER KUMAR SINGHANIA | Insider | 10 Jun 2025 | buy | +13.00 L | ₹21.62 Cr | ₹166.33 |
Master Trust dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Master Trust has declared, sequenced by announce and record date.
Master Trust corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Master Trust Ltd: business, sector, key facts.
What Master Trust Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Master Trust Ltd operates in the Financial Services, listed as NSE: MASTERTR, BSE: 511768.
Master Trust Limited (MTL) is a diversified financial services company operating in India since 1985, headquartered in New Delhi. Its business model encompasses a broad range of financial offerings, catering to both individual and institutional clients. This integrated approach allows MTL to provide a comprehensive suite of services under one roof, potentially simplifying financial management for its diverse clientele.
A core component of MTL's business is its brokerage services. This includes equity trading, enabling clients to buy and sell shares in publicly listed companies. They also facilitate derivatives trading, offering clients access to more complex investment instruments like futures and options contracts. Furthermore, their services extend to the realm of commodity trading, allowing clients to speculate on or hedge against price fluctuations in various commodities. These trading services are supplemented by robust research and advisory capabilities, providing clients with market analysis and investment recommendations to inform their trading decisions.
Beyond trading, MTL offers significant wealth management services. This likely includes portfolio management, where they actively manage investment portfolios for clients based on their individual financial goals and risk tolerance. Their services also cover currency trading, allowing clients to manage their exposure to foreign exchange rate fluctuations. This aspect is crucial in a globalized economy where businesses and individuals often deal with international transactions.
MTL’s operations further expand into other financial realms. They provide depository services, which are essential for the safekeeping and transfer of securities. The company also engages in insurance services, though the specific types of insurance offered are not detailed in the provided information. Furthermore, MTL operates in merchant banking, which may involve activities such as underwriting securities offerings and providing advisory services to corporations. Finally, they provide services related to Non-Banking Financial Companies (NBFCs), indicating involvement in the broader financial ecosystem beyond traditional banking.
The inclusion of algo trading systems highlights MTL's commitment to technological advancement in its offerings. This suggests that the company utilizes sophisticated computer programs for automated trading, potentially providing clients with efficient execution and advanced trading strategies. The range of services offered by Master Trust Limited positions it as a significant player within the Indian financial services landscape, serving a broad spectrum of clients’ needs through a highly diversified business model.
Questions investors ask about Master Trust Ltd (MASTERTR).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Master Trust Ltd (MASTERTR)?
The current share price of Master Trust Ltd (MASTERTR) is ₹78.23. Today, the stock has gained by ₹3.05 (4.06%), trading in a range of ₹74.6 to ₹79.67. The stock opened at ₹76.51 with a trading volume of 23,49,378 shares.
02Is Master Trust Ltd stock a good investment for long-term?
Master Trust Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹960.75 crores, P/E ratio of 7.38, ROE of 17.29%, and ROCE of 30.10%. The dividend yield stands at 0.00%. 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 Master Trust Ltd stock?
The 52-week high price of Master Trust Ltd (MASTERTR) is ₹0, while the 52-week low is ₹0. Currently trading at ₹78.23, the stock is Infinity% away from its 52-week low and -Infinity% 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 Master Trust Ltd stock at the current price?
Whether to buy Master Trust Ltd stock at ₹78.23 depends on multiple factors. The stock is currently trading with a P/E ratio of 7.38 and P/B ratio of 1.15. Today's performance shows a gain of 4.06%. 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 Master Trust Ltd and when is the next dividend?
Master Trust Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹78.23, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹1.00. 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 Master Trust Ltd?
Master Trust Ltd's key financial metrics include: P/E Ratio: 7.38, P/B Ratio: 1.15, ROE: 17.29%, ROCE: 30.10%, Dividend Yield: 0.00%, EPS: ₹10.60, Book Value: ₹67.83, and Debt-to-Equity: 27.84. The company's market cap stands at ₹960.75 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Master Trust Ltd stock performing today in the market?
Master Trust Ltd stock opened at ₹76.51 and is currently trading at ₹78.23, showing a gain of ₹3.05 (4.06%). The intraday high is ₹79.67 and low is ₹74.6. The trading volume stands at 23,49,378 shares, indicating strong market participation today.
08What is the P/E ratio of Master Trust Ltd and what does it indicate?
Master Trust Ltd has a Price-to-Earnings (P/E) ratio of 7.38, which means investors are willing to pay ₹7.38 for every ₹1 of earnings. With an EPS of ₹10.60, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Master Trust Ltd (MASTERTR) 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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