MAS Financial Services Ltd
MASFINMAS Financial Services Ltd
MASFIN
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 17.82 | 2.76 | 1.15% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 18.53 | 2.58 | 0.94% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
MAS Financial Services Limited is an NBFC. It offers various products, such as Micro Enterprise Loan (MEL); Two Wheeler Loan; Small and Medium Enterprises Loan; Commercial Vehicles Loan; Used Car Loan, and Tractor Loan
Peers
Compare with peersMotilal Oswal Financial Services Ltd
Aditya Birla Capital Ltd
Authum Investment & Infrastructure Ltd
Cholamandalam Financial Holdings Ltd
Piramal Enterprises Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 309.40 | 364.70 | 476.81 | 604.70 | 710.02 | 627.71 | 691.17 | 981.03 | 1,285.68 | 1,436.08 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 1,049.53 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 24.42 | 29.39 | 42.26 | 52.05 | 58.69 | 35.03 | 47.79 | 70.70 | 100.45 | |||||||||||
| Selling & Administrative Expenses | 30.07 | 31.01 | 29.05 | 27.92 | 28.30 | 19.89 | 42.35 | 77.61 | 91.40 | |||||||||||
| Operating & Other expenses | 170.06 | 196.93 | 236.08 | 285.12 | 389.89 | 374.25 | 382.41 | 558.35 | 749.87 | |||||||||||
EBITDA | 84.85 | 107.37 | 169.42 | 239.61 | 233.14 | 198.54 | 218.62 | 274.37 | 343.96 | 386.55 | ||||||||||
| Depreciation/Amortization | 1.09 | 1.38 | 1.64 | 1.60 | 2.85 | 2.57 | 2.07 | 2.72 | 4.29 | 5.00 | ||||||||||
| PBIT | 83.76 | 105.99 | 167.78 | 238.01 | 230.29 | 195.97 | 216.55 | 271.65 | 339.67 | 381.55 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 83.76 | 105.99 | 167.78 | 238.01 | 230.29 | 195.97 | 216.55 | 271.65 | 339.67 | 381.55 | ||||||||||
| Taxes & Other Items | 29.54 | 37.46 | 62.58 | 84.47 | 62.88 | 51.61 | 57.32 | 68.39 | 88.62 | 100.15 | ||||||||||
| Net Income | 54.22 | 68.53 | 105.20 | 153.54 | 167.41 | 144.36 | 159.23 | 203.26 | 251.05 | 281.40 | ||||||||||
| EPS | 1.51 | 1.84 | 3.82 | 9.36 | 10.21 | 8.80 | 9.71 | 12.39 | 15.31 | 17.16 | ||||||||||
| DPS | 0.89 | 1.04 | 1.22 | 1.70 | 2.67 | 0.50 | 1.00 | 1.22 | 3.51 | 1.51 | ||||||||||
| Payout ratio | 0.59 | 0.57 | 0.32 | 0.18 | 0.26 | 0.06 | 0.10 | 0.10 | 0.23 | 0.09 |
Company Updates
Peers & Comparison
FinancialsDiversified Financials
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| MAS Financial Services Ltd | 19.97 | 2.76 | 1.15% |
| Motilal Oswal Financial Services Ltd | 23.97 | 6.67 | 0.36% |
| Aditya Birla Capital Ltd | 15.64 | 1.82 | — |
| Authum Investment & Infrastructure Ltd | 7.12 | 2.95 | — |
Price Comparison
Compare MASFIN with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 7.10%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Feb 2024
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding MAS Financial Services Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.1063% | Percentage of the fund’s portfolio invested in the stock 0.33% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 80/234 (+97) |
Axis Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9878% | Percentage of the fund’s portfolio invested in the stock 0.42% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 46/132 (+2) |
Bandhan Sterling Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4124% | Percentage of the fund’s portfolio invested in the stock 0.70% | Change in the portfolio weight of the stock over the last 3 months 0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 33/75 (+1) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 1.15%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.48 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 4, 2024
Dividend/Share
₹0.51
Ex DateEx Date
Sep 4, 2024
Cash Dividend
Ex DateEx DateJan 23, 2024
Dividend/Share
₹3.00
Ex DateEx Date
Jan 23, 2024
Cash Dividend
Ex DateEx DateJul 19, 2023
Dividend/Share
₹1.85
Ex DateEx Date
Jul 19, 2023
Cash Dividend
Ex DateEx DateFeb 10, 2023
Dividend/Share
₹1.80
Ex DateEx Date
Feb 10, 2023
Cash Dividend
Ex DateEx DateAug 12, 2022
Dividend/Share
₹1.75
Ex DateEx Date
Aug 12, 2022
The firm allotted 10,000 rated, listed, senior, secured, redeemable, transferable, taxable NCDs denominated in Indian rupees, having a face value of Rs 1 lakh each. These debentures have a coupon rate of 8.45% p.a. payable monthly, and the date of maturity is 28 May 2026. The NCDs are proposed to be listed on the Wholesale Debt Market segment of the Bombay Stock Exchange (BSE). Further, the debentures have been rated CARE AA-; stable by CARE Ratings. MAS Financial Services is a non-deposit accepting NBFC. While the company initially provided consumer durable financing, it currently provides corporate loans to NBFC-MFIs and other NBFCs engaged in retail finance, small-ticket business loans, small commercial vehicle loans, two-wheeler loans and machinery finance. The company is predominantly present in Gujarat, Rajasthan and Maharashtra. The company's standalone net profit jumped 27.59% to Rs 76.57 crore on a 24.09% rise in revenue from operations to Rs 365.05 crore in Q2 FY25 over Q2 FY24. The scrip slipped 2.17% to Rs 286.70 on the BSE.Powered by Capital Market - Live
Total revenue from operations was at Rs 365.05 in Q2 FY25, up 24.09% as against Rs 294.18 crore recorded in same quarter last year. Profit before tax increased 27.55% to Rs 102.07 crore in quarter ended 30 September 2024 as compared with Rs 80.02 crore posted in Q2 FY24. Net interest income (NII) stood at Rs 191.60 crore in Q2 FY25, registering the growth of 27.39% as compared with Rs 150.40 crore posted in same quarter last year. Asset under management (AUM) jumped 21.78% to Rs 1,1016.65 crore during the quarter as compared with Rs 9,046.19 crore in corresponding quarter last year. Out of the total AUM, maximum growth was recorded in the commercial vehicle loans (up 61.77% YoY) followed by salaried personal loans (up 83.89% YoY), SME Loans (up 22.92% YoY), 2 wheeler loans (up 14.07% YoY), Micro enterprises loans (up 11.39% YoY). Capital Adequacy Ratio (including Tier ll capital) as of 30 September 2024 stood at 26.52%, The Tier-l capital stood at 23.76%. The standalone disbursement was at Rs 3,022.13 crore during the quarter ended 30th September 2024. The company continues to carry a management overlay of Rs 17.60 crore as on 30 September 2024, O.20% of the on book assets. The MSME segment contributed around 62% in the YoY AUM growth of the company while other products also contributed meaningfully. On half year basis, the company's standalone net profit increased 25.36% to Rs 147 crore on 24.13% rise in revenue to Rs 710.97 crore in H1 FY25 over H1 FY24. Kamlesh Gandhi - founder, chairman & managing director, MAS Financial, said: We remain focused and committed to our basics of extending credit where it is due while demonstrating over all robust performance. We are confident to maintain a fundamentally strong and consistent growth. Adequate capitalization, strong asset quality and a track record of more than 25 years to navigate across various cycles will ensure the same thus creating value on a large scale for all its stakeholders. Team Mas remains committed to its mission of excellence through endeavors. MAS Financial Services is a non-deposit accepting NBFC. While the company initially provided consumer durable financing, it currently provides corporate loans to NBFC-MFIs and other NBFCs engaged in retail finance, small ticket business loans, small commercial vehicle loans, two-wheeler loans and machinery finance. The company is predominantly present in Gujarat, Rajasthan and Maharashtra. The scrip slipped 2.17% to Rs 286.70 on the BSE.Powered by Capital Market - Live
Net profit of MAS Financial Services rose 25.42% to Rs 76.72 crore in the quarter ended September 2024 as against Rs 61.17 crore during the previous quarter ended September 2023. Sales rose 23.81% to Rs 384.27 crore in the quarter ended September 2024 as against Rs 310.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales384.27310.37 24 OPM %75.2875.61 - PBDT105.1483.57 26 PBT103.7882.51 26 NP76.7261.17 25 Powered by Capital Market - Live
MAS Financial Services will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live
MAS Financial Services announced the appointment of Dhvanil Gandhi (DIN: 10562922) as the Whole-Time Director of the Company for a period of five years w.e.f. 14 August 2024. Powered by Capital Market - Live
MAS Financial Services announced that the Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live
MAS Financial Services announced that the Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live
The Board of MAS Financial Services at its meeting held on 14 August 2024 has appointed Dhvanil Kamlesh Gandhi (DIN: 10562922) as an Additional Director of the Company w.e.f 14 August 2024. Powered by Capital Market - Live
MAS Financial Services will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 16.28%, vs industry avg of 11.37%
Increasing Market Share
Over the last 5 years, market share increased from 0.63% to 0.95%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 10.33%, vs industry avg of 24.22%