Skip to main content
Swing Capital

MAS Financial Services Ltd

NSE: MASFIN BSE: 540749Banking

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]

₹313
52W: ₹270 — ₹359
PE 15.5 · Book ₹163 · +92% vs book
Market Cap₹5,682 Cr
Stock P/E15.5Price to Earnings
ROCE11.3%Return on Capital
ROE13.2%Return on Equity
Div. Yield0.55%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 20.2% CAGR over last 5 years
  • +Company's median sales growth is 24.2% of last 10 years

Weaknesses

  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 14.0% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -7.08%

Shareholding Pattern

Promoters66.66%
FIIs3.46%
DIIs20.04%
Public9.86%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters66.63%66.63%66.63%66.63%66.63%66.63%66.63%66.66%▲0.0
FIIs3.58%2.72%▼0.93.02%▲0.33.12%▲0.13.07%▼0.13.18%▲0.13.13%▼0.13.46%▲0.3
DIIs20.41%20.23%▼0.220.02%▼0.220.13%▲0.119.99%▼0.120.15%▲0.220.23%▲0.120.04%▼0.2
Public9.38%10.41%▲1.010.34%▼0.110.12%▼0.210.32%▲0.210.04%▼0.310.01%▼0.09.86%▼0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses7377808899116124125134160
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit626870777881849090100
EPS ₹3.814.153.884.224.34.454.624.944.985.5

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹126Cr (175% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 20.04% (+9.46pp change). FIIs: 3.46% (+1.87pp change). Promoters hold 66.66%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 15.5x with 11.3% ROCE. Price is 92% above book value of ₹163. Dividend yield: 0.55%.

Recent Announcements