MAS Financial Services Limited share price

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.Read more

Website NSE हिंदी में BSE

Financial ServicesCredit ServicesNSE: MASFINISIN INE348L01012

16 Oct 2026, 3:30 PM IST₹265.45▼ 0.45 (0.17%)

Market Cap₹ 4,817 Cr.
Current Price₹ 265.45
High / Low₹ 359 / 261
Stock P/E12.2
Book Value₹ 164
Dividend Yield0.75 %
Price / Book1.62
ROE13.30 %
Face Value₹ 10.0

More figures (8)

EPS (TTM)₹ 21.73
Net margin24.2 %
Sales growth (5Y)26.1 %
Profit growth (5Y)20.9 %
Promoter holding70.8 %
EV / EBITDA—
Beta0.28
All-time high₹ 423

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
MASFIN	-7.85%	-16.20%	-16.45%	-17.97%	-12.35%	-4.71%	+0.18%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

MAS Financial Services Limited is in the Credit Services industry (Financial Services), with a market value of ₹4,817 crore.
It trades at 12.2 times its last 12 months' earnings and 1.6 times book value.
Revenue grew 26.1% a year over the last 5 years, profit 20.9% a year.
Return on equity was 13.3% in the latest year.
The share price is 26.0% below its 52-week high and down 12.4% over one year.
Promoters and insiders hold about 70.8%; institutions about 17.3%.

Pros

Sales have grown 26.1% a year over the last 5 years.
Profit has grown 20.9% a year over the last 5 years.
Latest quarter (Jun 2026): sales up 21% and profit up 27% from a year ago.
Healthy return on equity of 14.2% on average over the last 3 years.
Trades at 12.2 times earnings, below its 3-year median of 17.2.

Cons

Promoter holding has fallen by 7.07 points over 3 years, to 66.66%.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About MAS Financial Services Limited

Employees: 1,933
Head office: Ahmedabad

Financial ServicesCredit Services

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	MAS Financial Services	265.45	12.2	4,817	0.75	110	27.21	562	20.70	6.2	13.3	1.62	11.8	3.47	70.84	1,995	26.1
2.	Bajaj Finance	982.10	29.4	6,11,250	0.56	6,081	27.60	23,165	18.65	—	18.1	5.36	—	3.10	56.50	81,982	22.6
3.	Shriram Finance	939.95	16.6	2,21,178	1.14	3,453	61.06	7,923	30.61	—	16.4	2.68	—	2.76	22.17	25,034	13.9
4.	Tata Capital	322.80	25.3	1,36,115	0.18	1,628	—	8,822	—	3.7	12.3	2.97	28.9	4.97	85.96	31,540	34.5
5.	Cholamandalam Investment and Finance Company	1,574.40	23.3	1,35,007	0.13	1,656	45.56	8,856	21.87	—	19.3	4.40	—	6.95	51.95	31,073	32.8
6.	Power Finance Corporation	333.25	4.2	1,09,976	4.56	8,998	0.18	28,527	-0.04	—	20.7	0.77	—	7.62	56.00	1,15,444	16.2
7.	Indian Railway Finance Corporation	80.25	14.2	1,04,875	2.66	1,958	-44.40	7,866	-40.80	3.8	12.8	1.85	64.8	7.69	82.90	27,285	4.6
8.	Muthoot Finance	2,598.30	9.2	1,04,314	1.15	2,799	38.83	5,236	27.38	—	30.9	2.57	—	3.86	73.35	20,265	38.0
9.	REC	307.80	5.1	81,051	4.39	4,193	-2.72	4,430	-31.54	—	20.0	0.96	—	6.05	52.65	21,834	14.4
10.	L&T Finance	253.85	18.6	63,625	1.05	902	41.86	3,086	32.29	—	11.1	2.26	—	3.94	65.95	10,635	17.7
	Median: 44 Co.	328.03	15.4	18,907	0.28	2,379	27.60	7,895	20.70	3.8	12.1	1.88	38.5	4.46	61.23	26,159	17.3

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	292	310	340	346	364	384	410	438	466	480	507	542	562
YOY Revenue Growth %		29.26%	29.57%	23.07%	24.77%	23.81%	20.51%	26.57%	27.90%	24.97%	23.68%	23.96%	20.70%
Interest	150	154	172	171	181	185	195	202	217	224	231	235	236
	66	77	83	83	87	96	108	125	134	136	145	172	178
Employee Cost %	7%	8%	8%	9%	8%	9%	8%	8%	8%	8%	9%	8%	8%
Fees & Commission %	5%	5%	4%	3%	3%	4%	5%	5%	6%	6%	6%	7%	8%
Credit Cost %	7%	8%	8%	6%	7%	7%	8%	10%	9%	8%	8%	11%	11%
Other Expenses %	3%	4%	4%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%
Financing Profit	76	80	85	92	96	103	107	111	115	121	131	136	148
Financing Margin %	26%	26%	25%	27%	26%	27%	26%	25%	25%	25%	26%	25%	26%
	0	3	2	1	1	1	1	1	1	2	1	3	-1
Exceptional items											-5
Depreciation	1	1	1	1	1	1	1	2	2	2	2	2	2
Profit before tax	77	83	87	94	97	104	108	112	116	123	127	139	148
	25%	25%	26%	25%	25%	25%	26%	26%	25%	26%	27%	25%	25%
Current tax	20	20	22	21	24	25	28	31	32	31	36	39	40
Deferred tax	-1	1	1	3	1	1	-1	-2	-2	1	-2	-4	-2
	58	62	64	70	73	78	80	83	87	91	93	104	110
Minority share	1	1	1	1	1	1		1	1	1	1	1	2
Profit to shareholders	57	61	64	69	72	77		82	86	90	92	103	108
YOY Profit Growth %		22.27%	22.12%	23.37%	26.06%	25.31%	24.81%	18.99%	19.34%	17.79%	16.08%	25.26%	27.21%
EPS in Rs	3.47	3.73	3.88	4.23	4.32	4.73	3.88	4.55	4.82	4.98	5.08	5.69	5.98
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	279	296	324	328	346	365	390	417	443	456	481	514	531
YOY Revenue Growth %		28.64%	28.52%	21.89%	24.19%	23.40%	20.41%	26.95%	28.18%	24.83%	23.53%	23.41%	19.86%
Interest	143	146	164	162	171	175	185	191	206	212	219	222	222
	62	72	78	77	81	89	100	117	125	127	135	161	168
Employee Cost %	6%	7%	7%	8%	8%	8%	7%	8%	8%	7%	8%	8%	7%
Fees & Commission %	5%	5%	5%	4%	3%	4%	5%	5%	6%	7%	7%	7%	8%
Credit Cost %	7%	8%	8%	7%	7%	7%	9%	10%	10%	8%	8%	11%	11%
Other Expenses %	3%	4%	4%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%
Financing Profit	74	78	82	90	94	100	105	108	112	117	127	131	141
Financing Margin %	27%	26%	25%	27%	27%	27%	27%	26%	25%	26%	26%	25%	27%
	2	2	2	1	1	2	0	0	0	3	0	2	-1
Exceptional items											-4
Depreciation	1	1	1	1	1	1	1	1	1	2	2	2	2
Profit before tax	76	80	85	91	94	102	105	109	112	120	123	133	140
	24%	25%	26%	25%	25%	25%	26%	26%	25%	25%	27%	25%	25%
Current tax	20	19	21	20	23	24	28	30	31	30	35	37	38
Deferred tax	-1	1	1	3	1	1	-1	-2	-2	1	-2	-4	-2
	57	60	62	68	70	77	78	81	84	90	90	100	105
YOY Profit Growth %		22.29%	21.83%	22.50%	23.02%	27.60%	25.10%	18.77%	19.13%	17.15%	15.64%	23.39%	24.67%
EPS in Rs	3.49	3.66	3.81	4.15	4.25	4.21	4.31	4.46	4.62	4.94	4.98	5.49	5.76
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	722	627	690	988	1,279	1,596	1,995	2,092
YOY Revenue Growth %		-13.17%	10.08%	43.13%	29.49%	24.77%	25.03%
Interest	296	285	339	496	647	763	907	926
	188	147	136	223	299	416	586	630
Employee Cost %	8%	6%	7%	7%	8%	8%	9%	8%
Fees & Commission %	1%	1%	3%	6%	4%	4%	6%	7%
Credit Cost %	12%	12%	5%	5%	7%	8%	9%	10%
Other Expenses %	4%	4%	4%	4%	4%	5%	5%	5%
Financing Profit	238	195	216	269	333	417	503	536
Financing Margin %	33%	31%	31%	27%	26%	26%	25%	26%
	0	1	1	2	7	4	7	6
Exceptional items							-5	-5
Depreciation	3	3	2	3	4	6	7	8
Profit before tax	239	196	216	272	340	421	505	537
	24%	26%	26%	24%	25%	25%	26%	26%
Current tax	63	59	55	65	83	108	137
Deferred tax	-6	-9	0	1	3	-1	-8
		146	161	206	254	314	376	399
Minority share	1	1	2	3	3	4	5	5
Profit to shareholders	180	144	159	203	251	310	371	394
YOY Profit Growth %			10.74%	27.72%	23.41%	23.61%	19.70%
EPS in Rs	10.97	8.80	9.71	12.39	15.31	17.48	20.46	21.73
Dividend Payout %				10%	11%	9%	10%

Compounded Sales Growth

5 Years:: 26%
3 Years:: 26%
TTM:: 23%

Compounded Profit Growth

5 Years:: 21%
3 Years:: 22%
TTM:: 22%

Stock Price CAGR

5 Years:: 0%
3 Years:: -5%
1 Year:: -12%

Return on Equity

4 Years:: 14%
Last Year:: 13%

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	682	592	656	946	1,217	1,517	1,895	1,983
YOY Revenue Growth %		-13.22%	10.77%	44.23%	28.65%	24.65%	24.87%
Interest	272	264	320	475	614	722	859	875
	177	137	126	210	279	388	549	591
Employee Cost %	8%	5%	6%	7%	7%	8%	8%	8%
Fees & Commission %	1%	1%	4%	6%	4%	4%	7%	7%
Credit Cost %	13%	13%	5%	6%	7%	8%	9%	10%
Other Expenses %	4%	4%	4%	4%	4%	5%	5%	5%
Financing Profit	234	191	210	262	324	407	487	517
Financing Margin %	34%	32%	32%	28%	27%	27%	26%	26%
	1	2	2	3	7	3	6	4
Exceptional items							-4	-4
Depreciation	2	2	2	2	4	5	6	7
Profit before tax	234	193	212	265	331	410	489	517
	24%	26%	25%	24%	25%	25%	26%	26%
Current tax	62	58	54	63	81	105	132
Deferred tax	-6	-9	0	1	3	-0	-7
		144	158	201	248	306	364	384
YOY Profit Growth %			9.98%	27.33%	23.28%	23.48%	18.87%
EPS in Rs	10.87	8.75	9.62	12.25	15.11	17.23	20.04	21.17
Dividend Payout %				10%	11%	9%	10%

Compounded Sales Growth

5 Years:: 26%
3 Years:: 26%
TTM:: 23%

Compounded Profit Growth

5 Years:: 20%
3 Years:: 22%
TTM:: 20%

Stock Price CAGR

5 Years:: 0%
3 Years:: -5%
1 Year:: -12%

Return on Equity

4 Years:: 14%
Last Year:: 13%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	55	164	181	181
Reserves	1,464	1,619	2,428	2,793
	5,875	7,124	9,181	10,317
Long term borrowings	2,626	3,860	5,182	5,104
Short term borrowings	3,249	3,264	3,995	5,210
	622	641	409	455
Trade payables	15	21	43	38
Minority interest	26	36	41	62
Current liabilities	3,587	3,562	4,363	5,599
Total Liabilities	8,015	9,547	12,199	13,747
	73	93	115	192
Gross block	81	104	130	210
Accumulated depreciation	8	10	14	18
Goodwill & intangibles	1	1	3	8
CWIP	58	70	91	126
	7,884	9,384	11,992	13,429
Trade receivables	4	7	5	6
Cash & equivalents	239	213	449	224
Current assets	4,546	5,924	7,310	8,604
Total Assets	8,015	9,547	12,199	13,747

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1,426	-1,366	-1,123	-1,787
Profit for the year	203	251	310	371
Working capital changes	-1,610	-1,513	-1,393	-2,092
Direct taxes paid	-61	-80	-100	-130
	-304	50	-828	467
Fixed assets purchased	-11	-22	-30	-92
Fixed assets sold	0	0		0
Investments purchased	-2,887	-2,628	-3,685	-5,233
Investments sold	2,593	2,701	2,886	5,792
	1,684	1,290	2,187	1,095
Proceeds from borrowings	3,193	3,842	4,155	4,682
Repayment of borrowings	-1,284	-2,320	-2,612	-3,658
Dividends paid	-19	-27	-27	-35
Net Cash Flow	-46	-26	236	-225
Free Cash Flow	-1,437	-1,388	-1,153	-1,878

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	13.4%	15.2%	14.1%	13.3%
Net margin	26.2%	24.9%	24.4%	24.2%

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 66.66%
FIIs 2.67%
DIIs 19.99%
Public 10.68%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	73.73%	73.73%	66.63%	66.63%	66.63%	66.63%	66.63%	66.63%	66.63%	66.65%	66.65%	66.66%
	1.62%	1.79%	3.58%	2.72%	3.01%	3.12%	3.06%	3.18%	3.13%	3.46%	3.68%	2.67%
Foreign portfolio investors (Cat. I)	1.54%	1.69%	3.48%	1.96%	1.59%	1.55%	1.49%	1.55%	1.51%	1.52%	1.69%	0.88%
Foreign portfolio investors (Cat. II)	0.09%	0.10%	0.10%	0.76%	1.43%	1.57%	1.58%	1.63%	1.62%	1.94%	2.00%	1.79%
	8.43%	14.41%	20.41%	20.23%	20.02%	20.13%	19.99%	20.16%	20.24%	20.04%	19.69%	19.99%
Mutual funds	8.07%	6.66%	12.69%	13.02%	12.75%	12.86%	12.61%	13.83%	13.91%	14.50%	14.59%	15.18%
Insurance companies	0.36%	0.36%	1.01%	0.52%	0.52%	0.52%	0.51%	0.51%	0.51%	0.45%	0.45%	0.22%
Alternative investment funds		7.40%	6.71%	6.69%	6.75%	6.75%	6.87%	5.81%	5.81%	5.09%	4.64%	4.59%
	16.22%	10.07%	9.39%	10.41%	10.34%	10.12%	10.32%	10.03%	10.00%	9.85%	9.97%	10.68%
Retail (up to ₹2 lakh)	6.56%	6.97%	6.48%	7.47%	7.17%	6.81%	6.81%	6.54%	6.47%	6.15%	6.18%	6.13%
HNIs (above ₹2 lakh)	0.16%	0.98%	0.91%	0.94%	0.69%	0.85%	0.86%	0.93%	0.99%	1.09%	1.12%	1.26%
NRIs	0.57%	0.57%	0.53%	0.60%	0.56%	0.54%	0.53%	0.54%	0.52%	0.56%	0.56%	0.56%
Bodies corporate	1.14%	1.12%	1.05%	0.95%	1.49%	1.48%	1.54%	1.38%	1.37%	1.41%	1.45%	2.01%
No. of Shareholders	31,514	44,544	45,415	50,510	51,148	49,599	46,496	43,237	42,016	40,107	39,685	39,282

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding MAS Financial Services

Holder (above 1%)	Stake
Nippon India Small Cap FundMutual fund	8.31%
Business Excellence Trust Iii - India Business Excellence Fund IiiAIF	4.19%
Bandhan Value FundMutual fund	3.47%
Isif Equity Ex-Top 100 Long-Short FundMutual fund	2.22%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 15.18% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 25 Aug 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

No recent coverage found.

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about MAS Financial Services Limited

What is the share price of MAS Financial Services Limited today?

MAS Financial Services Limited (MASFIN) last traded at ₹265.45 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.

What is the market cap of MAS Financial Services Limited?

About ₹4,817 crore at the latest price.

What is the P/E ratio of MAS Financial Services Limited?

About 12.2 times its earnings over the last 12 months.

Is MAS Financial Services Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy MAS Financial Services Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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