MASFIN - MAS Financial Services Limited Share Price

Finance

₹262.40-5.29(-1.98%)

Market Closed as of May 2, 2025, 15:30 IST

What does MAS Financial Services Limited do?

Non Banking Financial Company(NBFC)•Financial Services•Small Cap

MAS Financial Services Limited, a non-banking finance company, provides retail financing services in India. The company offers micro enterprise, small and medium enterprise, two-wheeler, commercial vehicle, salaried personal, used car, tractor, and housing loans. MAS Financial Services Limited serves through distribution network of partner micro-finance institutions, non-banking finance companies, housing finance companies, and franchisees. The company was incorporated in 1995 and is based in Ahmedabad, India.

Industry Group:Finance

Employees:1,892

Website:www.mas.co.in

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: MASFIN vs Finance

Comprehensive comparison against sector averages

Comparative Metrics

MASFIN metrics compared to Finance

Category	MASFIN	Finance
PE	15.47	29.67
PS	3.04	6.41
Growth	23.6 %	14.4 %

Performance Comparison

MASFIN vs Finance (2021 - 2025)

Key Insights

1. MASFIN is NOT among the Top 10 largest companies in Non Banking Financial Company(NBFC).
2. The company holds a market share of 0.6% in Non Banking Financial Company(NBFC).
3. In last one year, the company has had an above average growth that other Non Banking Financial Company(NBFC) companies.

Share Holdings

Understand MAS Financial Services ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Shweta Kamlesh Gandhi	30.05%
Late Mukesh Chimanlal Gandhi	29.72%
Kamlesh Chimanlal Gandhi	11.66%
Business Excellence Trust Iii - India Business Excellence Fund Iii	7.44%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	5.88%
Bandhan Sterling Value Fund	4.34%
Prarthana Marketing Private Limited	2.42%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund	2.24%
Anamaya Capital Llp	0.18%
Dhvanil K Gandhi	0.06%
Dhriti Kamlesh Gandhi	0.02%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Investor Care
Dividend Yield	0.58%
Dividend/Share (TTM)	1.51
Shares Dilution (1Y)	10.65%
Diluted EPS (TTM)	17.48

Financial Health
Debt/Equity	0.00
Debt/Cashflow	0.00

Valuation
Market Cap	4.76 kCr
Price/Earnings (Trailing)	15.16
Price/Sales (Trailing)	2.98
EV/EBITDA	3.63
Price/Free Cashflow	-4.11
MarketCap/EBT	11.31

Fundamentals
Revenue (TTM)	1.6 kCr
Rev. Growth (Yr)	26.48%
Rev. Growth (Qtr)	7%
Earnings (TTM)	313.98 Cr
Earnings Growth (Yr)	18.99%
Earnings Growth (Qtr)	3.76%

Profitability
Operating Margin	26.69%
EBT Margin	26.69%
Return on Equity	12.24%
Return on Assets	2.73%
Free Cashflow Yield	-24.34%

Cash Flow for MAS Financial Services

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023
Finance costs	17.6%	722	614	475
Depreciation	39.1%	4.91	3.81	2.4
Impairment loss / reversal	40.4%	126	90	53
Unrealised forex losses/gains	-	0.48	0	0
Dividend income	0%	1.26	1.26	1.12
Adjustments for interest income	26.2%	1,290	1,022	807
Net Cashflows from Operations	4.8%	-1,464.88	-1,538.84	-1,634.2
Dividends received	0%	1.26	1.26	1.12
Interest paid	9.2%	726	665	463
Interest received	27%	1,267	998	750
Income taxes paid (refund)	24.7%	97	78	59
Net Cashflows From Operating Activities	20.5%	-1,019.91	-1,282.84	-1,405.45
Proceeds from sales of PPE	-	0	0	0.24
Purchase of property, plant and equipment	47.4%	29	20	9.17
Proceeds from sales of investment property	-	2,819	0	0
Purchase of investment property	-	3,625	0	0
Purchase of intangible assets	-	0	0	1.04
Purchase of intangible assets under development	-	0	0	0.3
Interest received	-	0	0	38
Other inflows (outflows) of cash	-	0	0	26
Net Cashflows From Investing Activities	-3443.6%	-834.91	26	-228.54
Proceeds from issuing shares	-	484	0	0
Proceeds from issuing debt	-100%	0	3,637	386
Proceeds from borrowings	-	4,152	0	2,471
Repayments of borrowings	3.3%	2,493	2,413	1,236
Payments of lease liabilities	58.2%	0.77	0.45	0.22
Dividends paid	0%	27	27	19
Net Cashflows from Financing Activities	76.8%	2,115	1,197	1,601
Net change in cash and cash eq.	525.7%	260	-59.84	-32.72

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023
Finance costs	18%	763	647	496
Depreciation	39.8%	5.6	4.29	2.72
Impairment loss / reversal	41.1%	128	91	53
Adjustments for interest income	26.2%	1,359	1,077	843
Net Cashflows from Operations	3%	-1,588.88	-1,638.79	-1,727.83
Interest paid	11.6%	780	699	485
Interest received	26.9%	1,335	1,052	786
Income taxes paid (refund)	25.3%	100	80	61
Net Cashflows From Operating Activities	17%	-1,133.48	-1,366.05	-1,487.95
Proceeds from sales of PPE	-12.4%	0	0.11	0.24
Purchase of property, plant and equipment	19%	26	22	9.58
Purchase of intangible assets	332%	2.16	0.5	1.04
Purchase of intangible assets under development	203.9%	1.79	0.24	0.33
Interest received	-	0	0	39
Other inflows (outflows) of cash	-	0	0	23
Net Cashflows From Investing Activities	-1792.2%	-828.19	50	-242.04
Proceeds from issuing shares	12100%	489	5	0.01
Proceeds from issuing debt	-	0	0	0
Proceeds from borrowings	19.3%	4,332	3,632	2,987
Repayments of borrowings	11.9%	2,596	2,320	1,284
Payments of lease liabilities	65.2%	0.84	0.54	0.28
Dividends paid	0%	27	27	19
Net Cashflows from Financing Activities	70.4%	2,198	1,290	1,684
Net change in cash and cash eq.	970.4%	236	-26	-45.97

Is MAS Financial Services Better than it's peers?

Detailed comparison of MAS Financial Services against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
BAJFINANCE	Bajaj FinanceNon Banking Financial Company(NBFC)	5.51 LCr	66.19 kCr	+2.23%	+28.76%	32.82	7.9	+26.82%	+16.11%
CHOLAFIN	Cholamandalam Investment and Finance Co.Non Banking Financial Company(NBFC)	1.25 LCr	24.52 kCr	+1.56%	+14.02%	29.28	4.77	+34.67%	+24.64%
SHRIRAMFIN	Shriram FinanceNon Banking Financial Company(NBFC)	1.14 LCr	40.33 kCr	-5.53%	+17.00%	11.86	2.71	+15.00%	+29.43%
M&MFIN	Mahindra & Mahindra Financial ServicesNon Banking Financial Company(NBFC)	32.31 kCr	17.97 kCr	-2.66%	-1.21%	14.29	1.74	+16.03%	+16.36%
CREDITACC	CreditAccess GrameenMicrofinance Institutions	18.56 kCr	5.81 kCr	+18.81%	-20.73%	21.06	3.2	+21.50%	-34.50%

Balance Sheet for MAS Financial Services

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	43.3%	438	306	178	565	238	384
Property, plant and equipment	0%	19	19	19	18	14	14
Capital work-in-progress	12.5%	91	81	70	61	58	53
Total assets	10.8%	11,664	10,524	9,109	8,562	7,677	7,447
Current tax liabilities	39.3%	11	8.18	4.29	1.92	1.86	1.44
Total liabilities	-	9,079	-	7,340	6,931	6,171	6,082
Equity share capital	0%	181	181	164	55	55	55
Total equity	7.7%	2,586	2,401	1,769	1,631	1,506	1,365
Total equity and liabilities	10.8%	11,664	10,524	9,109	8,562	7,677	7,447

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	37.8%	449	326	213	569	239	387
Property, plant and equipment	0%	21	21	21	19	15	14
Capital work-in-progress	12.5%	91	81	70	61	58	53
Total assets	10.8%	12,199	11,010	9,547	8,949	8,014	7,728
Current tax liabilities	30.7%	11	8.65	4.7	2.28	2.06	1.83
Total liabilities	-	9,549	-	7,729	7,277	6,469	6,330
Equity share capital	0%	181	181	164	55	55	55
Non controlling interest	-	41	-	36	27	26	24
Total equity	7.9%	2,650	2,457	1,819	1,672	1,545	1,399
Total equity and liabilities	10.8%	12,199	11,010	9,547	8,949	8,014	7,728

Income Statement for MAS Financial Services

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	24.8%	1,596	1,279	988	690	627	722
Other Income	-42.4%	4.18	6.52	2.43	0.93	0.73	0.36
Total Income	24.4%	1,600	1,286	990	691	628	722
Employee Expense	34.3%	134	100	71	48	35	59
Finance costs	18%	763	647	496	339	285	296
Depreciation and Amortization	39.8%	5.6	4.29	2.72	2.07	2.57	2.85
Other expenses	48.1%	81	55	39	28	25	31
Total Expenses	24.7%	1,179	946	719	475	432	484
Profit Before exceptional items and Tax	23.9%	421	340	272	216	196	239
Total profit before tax	23.9%	421	340	272	216	196	239
Current tax	30.5%	108	83	65	55	59	63
Deferred tax	-191.7%	-0.66	2.81	1.07	0.01	-8.9	-5.61
Total tax	24.7%	107	86	66	55	50	57
Total profit (loss) for period	23.7%	314	254	206	161	146	181
Other comp. income net of taxes	7.7%	15	14	-18.42	-7.77	7.75	4.73
Total Comprehensive Income	22.8%	329	268	187	153	153	186
Earnings Per Share, Basic	15.2%	17.48	15.31	12.393333	9.713333	8.803333	10.973333
Earnings Per Share, Diluted	15.2%	17.48	15.31	12.393333	9.713333	8.803333	10.973333
Debt equity ratio	-	-	-	-	-	-	-
Interest service coverage ratio	-	-	-	-	-	-	-

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	6.8%	438	410	384	364	346	340
Other Income	241.2%	1.48	0.66	1.25	0.79	1.44	2.17
Total Income	7.1%	439	410	386	365	347	342
Employee Expense	6.1%	36	34	33	31	30	26
Finance costs	3.6%	202	195	185	181	171	172
Depreciation and Amortization	15.6%	1.52	1.45	1.36	1.27	1.2	1.17
Other expenses	10.5%	22	20	19	19	18	14
Total Expenses	8.3%	327	302	282	268	254	255
Profit Before exceptional items and Tax	3.7%	112	108	104	97	94	87
Total profit before tax	3.7%	112	108	104	97	94	87
Current tax	11.1%	31	28	25	24	21	22
Deferred tax	-103.1%	-2.27	-0.61	1.13	1.09	2.52	0.77
Total tax	3.7%	29	28	26	25	24	23
Total profit (loss) for period	3.8%	83	80	78	73	70	64
Other comp. income net of taxes	-78.6%	3.14	11	-1.87	2.71	8.32	-0.56
Total Comprehensive Income	-5.5%	87	92	76	75	78	64
Earnings Per Share, Basic	23.3%	4.55	3.88	4.73	4.32	4.23	3.88
Earnings Per Share, Diluted	23.3%	4.55	3.88	4.73	4.32	4.23	3.88

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	24.7%	1,517	1,217	946	656	592	682
Other Income	-64.8%	3.26	7.42	3	1.51	1.71	0.72
Total Income	24.1%	1,520	1,225	949	657	594	683
Employee Expense	32.6%	115	87	62	42	30	52
Finance costs	17.6%	722	614	475	320	264	272
Depreciation and Amortization	39.1%	4.91	3.81	2.4	1.78	2.13	2.32
Other expenses	49%	74	50	34	25	24	29
Total Expenses	24.3%	1,110	893	684	446	401	449
Profit Before exceptional items and Tax	23.9%	410	331	265	212	193	234
Total profit before tax	23.9%	410	331	265	212	193	234
Current tax	30%	105	81	63	54	58	62
Deferred tax	-169.2%	-0.35	2.95	1.11	0.12	-8.71	-5.69
Total tax	24.1%	104	84	64	54	49	56
Total profit (loss) for period	23.5%	306	248	201	158	144	178
Other comp. income net of taxes	-13.3%	14	16	-19.45	-7.58	7.51	4.7
Total Comprehensive Income	21.3%	320	264	182	150	151	183
Earnings Per Share, Basic	15%	17.23	15.11	12.253333	9.623333	8.75	10.866667
Earnings Per Share, Diluted	15%	17.23	15.11	12.253333	9.623333	8.75	10.866667
Debt equity ratio	-	-	-	-	-	-	-
Interest service coverage ratio	-	-	-	-	-	-	-

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	6.9%	417	390	365	346	328	324
Other Income	3.2%	0.4	0.38	1.9	0.58	1.43	2.13
Total Income	6.9%	417	390	367	346	330	326
Employee Expense	7.1%	31	29	28	27	26	22
Finance costs	3.3%	191	185	175	171	162	164
Depreciation and Amortization	25.9%	1.34	1.27	1.19	1.11	1.06	1.07
Other expenses	5.6%	20	19	18	18	17	13
Total Expenses	8.1%	308	285	265	252	238	241
Profit Before exceptional items and Tax	3.8%	109	105	102	94	91	85
Total profit before tax	3.8%	109	105	102	94	91	85
Current tax	7.4%	30	28	24	23	20	21
Deferred tax	-83%	-1.91	-0.59	1.12	1.03	2.62	0.62
Total tax	3.8%	28	27	26	24	23	22
Total profit (loss) for period	3.9%	81	78	77	70	68	62
Other comp. income net of taxes	-84.4%	3.03	14	4.09	1.81	9.04	-0.63
Total Comprehensive Income	-8.8%	84	92	81	72	77	62
Earnings Per Share, Basic	4.5%	4.46	4.31	4.21	4.25	4.15	3.806667
Earnings Per Share, Diluted	4.5%	4.46	4.31	4.21	4.25	4.15	3.806667

MASFIN - MAS Financial Services Limited Share Price

What does MAS Financial Services Limited do?

Sector Comparison: MASFIN vs Finance

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Cash Flow for MAS Financial Services

Is MAS Financial Services Better than it's peers?

Balance Sheet for MAS Financial Services

Income Statement for MAS Financial Services

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)