MASFIN
MAS Financial Services Limited (MASFIN) Stock Analysis
MAS Financial Services Limited is an Indian NBFC specializing in micro and small enterprise lending through co-lending and branch models in Gujarat and other states. It focuses on secured and cash-flow based loans to entrepreneurs. Growth depends on partnerships with banks and credit performance. It is listed on Indian stock exchanges.
Financial Services › Credit Services
₹265.40
-0.47% 1W | -10.40% 52W
Market Cap
4.8k CR
P/E Ratio
12.2
52W High
₹358.9
52W Low
₹260.8
Div. Yield
0.75%
Beta
0.3
50 DMA
₹289.6
200 DMA
₹308.7
Profit Margin
40.5%
Inst. Own.
17.3%
📊 CONSOLIDATION
⚡ APPROACHING SUPPORT
Fundamentals
Profit & Loss
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 293 | 310 | 335 | 347 | 364 | 384 | 410 | 439 | 466 | 480 | 507 | 542 | 562 |
| Interest | 150 | 154 | 172 | 171 | 181 | 185 | 195 | 202 | 217 | 224 | 231 | 235 | 236 |
| Expenses | 66 | 76 | 76 | 83 | 86 | 95 | 106 | 124 | 132 | 134 | 143 | 170 | 176 |
| Financing Profit | 77 | 81 | 86 | 93 | 97 | 104 | 109 | 114 | 117 | 123 | 133 | 138 | 150 |
| Financing Margin % | 26% | 26% | 26% | 27% | 27% | 27% | 27% | 26% | 25% | 26% | 26% | 25% | 27% |
| Other Income | 0 | 3 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | -4 | 3 | -1 |
| 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 |
| Tax % | 25% | 25% | 26% | 25% | 25% | 25% | 26% | 26% | 25% | 26% | 27% | 25% | 25% |
| Net Profit | 58 | 62 | 64 | 70 | 73 | 78 | 80 | 83 | 87 | 91 | 93 | 104 | 110 |
| EPS in Rs | 3.47 | 3.73 | 3.88 | 4.23 | 3.95 | 4.23 | 4.38 | 4.54 | 4.71 | 4.98 | 5.08 | 5.68 | 5.98 |
| Gross NPA % | |||||||||||||
| Net NPA % |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 238 | 309 | 365 | 477 | 605 | 710 | 627 | 690 | 989 | 1,289 | 1,599 | 1,998 | 2,092 |
| Interest | 113 | 142 | 165 | 187 | 225 | 299 | 286 | 340 | 498 | 650 | 770 | 913 | 926 |
| Expenses | 62 | 82 | 92 | 118 | 138 | 175 | 143 | 132 | 218 | 297 | 403 | 572 | 622 |
| Financing Profit | 63 | 85 | 107 | 171 | 242 | 236 | 198 | 218 | 273 | 342 | 425 | 513 | 544 |
| Financing Margin % | 26% | 27% | 29% | 36% | 40% | 33% | 32% | 32% | 28% | 27% | 27% | 26% | 26% |
| Other Income | 0 | -0 | -0 | -2 | -2 | -3 | 0 | 1 | 1 | 2 | 1 | -1 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 2 | 3 | 4 | 6 | 7 | 8 |
| Profit before tax | 62 | 84 | 106 | 168 | 238 | 230 | 196 | 217 | 272 | 340 | 421 | 505 | 537 |
| Tax % | 34% | 35% | 35% | 37% | 35% | 27% | 26% | 26% | 24% | 25% | 25% | 26% | |
| Net Profit | 41 | 55 | 69 | 105 | 155 | 168 | 146 | 161 | 206 | 254 | 314 | 376 | 399 |
| EPS in Rs | 3.33 | 4.52 | 5.32 | 6.41 | 9.36 | 10.21 | 8.80 | 9.71 | 12.39 | 15.31 | 17.11 | 20.46 | 21.72 |
| Dividend Payout % | 19% | 20% | 20% | 19% | 18% | 26% | 6% | 10% | 10% | 23% | 10% | 10% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 26.0% | 26.0% | 21.0% |
| Profit CAGR | 23.0% | 21.0% | 21.0% |
Shareholding Pattern
Promoters66.63%
FIIs3.18%
DIIs20.15%
Public10.04%
Promoters66.63%
FIIs3.13%
DIIs20.23%
Public10.01%
Promoters66.66%
FIIs3.46%
DIIs20.04%
Public9.86%
Promoters66.66%
FIIs3.69%
DIIs19.68%
Public9.97%
Promoters66.66%
FIIs2.67%
DIIs19.99%
Public10.69%
Promoters73.72%
FIIs1.59%
DIIs11.01%
Public13.68%
Promoters73.72%
FIIs1.79%
DIIs14.42%
Public10.06%
Promoters66.63%
FIIs3.12%
DIIs20.13%
Public10.12%
Promoters66.66%
FIIs3.46%
DIIs20.04%
Public9.86%
Promoters66.66%
FIIs2.67%
DIIs19.99%
Public10.69%
MASFIN
Holdings Analysis
Key strengths & risk signals
67
Overall
85
Fundamental
50
Technical
Risks (4)
VERY HIGH DEBT! D/E of 3.46 - significant risk.
WEAK POSITION! Current price (265.4) is below both moving averages.
WEAK YEAR! Stock declined 10.4% in the last year.
WEAK! Trading at 4.7% of 52W range - near yearly lows.
Strengths (4)
EXCELLENT EFFICIENCY! 40.5% profit margin - company keeps strong profits.
LOW VOLATILITY! Beta of 0.30 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 34.4 - watch for reversal.
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 221,756 vs down days: 194,482. Ratio: 1.14x
Fundamental & Technical Analysis
67Overall
85Fundamental
50Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 25.5% (EXCELLENT, 15/15). Profit CAGR: 22.2% (EXCELLENT, 15/15).
Profit Margin
10/10
EXCELLENT EFFICIENCY! 40.5% profit margin - company keeps strong profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.55 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.75% yield - little to no income.
Debt to Equity
2/10
VERY HIGH DEBT! D/E of 3.46 - significant risk.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 14.1% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (289.6) is below 200-day average (308.7) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (265.4) is below both moving averages.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
2/10
WEAK YEAR! Stock declined 10.4% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 221,756 vs down days: 194,482. Ratio: 1.14x
RSI
4/5
APPROACHING OVERSOLD! RSI at 34.4 - watch for reversal.
52W Range
1/5
WEAK! Trading at 4.7% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 0.5% (1 week), 7.8% (1 month), 15.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.30 - stable stock, less market risk.
MASFIN
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-05 | Concall PDF | |
| Q4FY262026-05-06 | Concall PDF | |
| Q3FY262026-02-21 | Concall PDF | |
| Q2FY262025-11-13 | Concall PDF |
Peer Comparison
Financial Services · Credit Services · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MASFIN | ₹265.40 | 12.2 | 40.5% | 25.5% | 22.2% | -10.4% | 67 | APPROACHING SUPPORT | +26.8% | +5.2% | +20.3% | +7.1% |
| NORTHARC | ₹281.30 | 10.4 | 36.6% | 30.0% | 18.8% | +8.1% | 65 | BREAKDOWN | +40.9% | -13.7% | +32.4% | +10.2% |
| AYE | ₹153.30 | 15.4 | 22.2% | 40.4% | 69.3% | +24.2% | 63 | CONSOLIDATING DOWN | +143.5% | -13.3% | +26.3% | +2.7% |
| INDOSTAR | ₹194.60 | – | – | 6.4% | -14.6% | -14.5% | 50 | BREAKDOWN | -97.9% | -102.7% | +6.0% | +3.5% |
| MUTHOOTMF | ₹174.70 | 12 | 21.0% | 19.5% | 1.3% | +7.2% | 54 | CONSOLIDATING DOWN | +1,211.3% | +14.3% | +14.3% | +0.2% |
| MUFIN | ₹138.30 | 66.8 | 41.1% | 82.6% | 51.6% | +44.5% | 86 | CONSOLIDATING DOWN | +300.0% | +26.1% | +57.4% | +19.5% |
| FUSION | ₹159.10 | 15.5 | 19.6% | -1.6% | -67.0% | -9.2% | 50 | APPROACHING SUPPORT | -167.7% | -45.4% | -5.1% | +7.7% |
| SATIN | ₹231.20 | 6.2 | 25.3% | 23.5% | 310.2% | +56.1% | 74 | APPROACHING RESISTANCE | +172.1% | -24.3% | +16.5% | +13.0% |
Data from TradeAlone · Updated daily
MASFIN News
Mas Financial Services Limited (masfin) Reports Q2 FY27: AUM Up 23%, PAT Rises 26%2026-10-28Mas Financial Services Limited (masfin) Q1 FY27: 21% Growth in AUM, 27% Surge in PAT2026-07-29Mas Financial Services Limited (masfin) Raises ₹360 Crore Through Ncds from FMO2026-05-22MAS Financial Appoints Dhvanil Gandhi as Executive Director2026-05-12
