MAS Financial Serv Ltd
NSE: MASFIN · Non Banking Financial Company (NBFC) · sector
₹245.15NSE close 2026-10-26
Key numbers
Market cap₹4,448 cr
Price₹245.15
52w high / low₹359 / ₹245
P/E11.6xSector median 13.8x
P/B1.5xSector median 1.1x
Book value₹162.7
Dividend yield0.79%Sector median 0.61%
ROE13.9%Sector median 3.6%
ROA2.93%Sector median 1.94%
Gross NPA–
Net NPA–
CET1–
Sales growth 3y+26.0%Sector median +24.6%
Profit growth 3y+21.9%Sector median +28.6%
PEG0.65x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 250 companies in Non Banking Financial Company (NBFC) (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Total income was higher than a year earlier in 4 of the last 4 quarters.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹245.15 on 2026-10-26: -31.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹347.40 · low ₹229.83
Total incomeNet profit
Total incomeNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Total income | 365 | 390 | 417 | 443 | 456 | 481 | 514 | 531 |
| Net interest income | 365 | 390 | 417 | 443 | 456 | 481 | 514 | 531 |
| Other income | 2 | 0 | 0 | 0 | 3 | 0 | 2 | -1 |
| Net profit | 77 | 78 | 81 | 84 | 90 | 90 | 100 | 105 |
| EPS (₹) | 4.21 | 4.31 | 4.46 | 4.62 | 4.94 | 4.98 | 5.49 | 5.76 |
| Revenue YoY | +24.8% | +23.5% | +23.4% | +19.9% | ||||
| Profit YoY | +17.1% | +15.6% | +23.4% | +24.7% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 656 | 946 | 1,217 | 1,517 | 1,895 | 1,983 |
| Net profit | 158 | 201 | 248 | 306 | 364 | 384 |
| EPS (₹) | 9.62 | 12.25 | 15.11 | 17.23 | 20.04 | 21.17 |
| Revenue growth | +44.2% | +28.7% | +24.7% | +24.9% | +22.8% | |
| Profit growth | +27.3% | +23.3% | +23.5% | +18.9% | +20.3% | |
| Dividend / share (₹) | 2.75 | 3.55 | 4.85 | 1.51 | 1.95 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +26.0% | +26.2% | +22.8% |
| Net profit | +21.9% | +20.4% | +20.3% |
| EPS | +17.8% | +18.0% | – |
| Share price | – | -6.3% (2y) | -15.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,506 | 1,769 | 2,586 | 2,953 |
| Borrowings | – | 4,958 | 6,120 | 6,934 | 7,559 |
| Cash & equivalents | – | 772 | 842 | 1,109 | 968 |
| Total assets | – | 7,677 | 9,109 | 11,664 | 13,101 |
| Fixed assets | – | 14 | 19 | 19 | 62 |
| Capital work in progress | – | 58 | 70 | 91 | 126 |
| Inventory | – | 0 | 0 | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -821 | -1,405 | -1,283 | -1,020 | -1,672 |
| Cash from investing | -805 | -229 | 26 | -835 | 451 |
| Cash from financing | 935 | 1,601 | 1,197 | 2,115 | 993 |
| Capex | 5 | 11 | 20 | 29 | 90 |
| Free cash flow | -826 | -1,416 | -1,303 | -1,049 | -1,762 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.3% | 14.0% | 11.8% | 12.3% |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 66.66% |
| FIIs | 2.67% |
| DIIs | 19.99% |
| of which Mutual funds | 15.18% |
| of which Insurance | 0.22% |
| Public (non-institutions) | 10.68% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 66.63% | 66.63% | 66.63% | 66.63% | 66.63% | 66.65% | 66.65% | 66.66% |
| Promoter group | % |
|---|---|
| Shweta Kamlesh Gandhi | 27.01% |
| Kamlesh Chimanlal Gandhi | 26.71% |
| Kamlesh Chimanlal Gandhi | 10.51% |
| Prarthana Marketing Private Limited | 2.18% |
| Anamaya Capital Llp | 0.17% |
| Dhvanil K Gandhi | 0.06% |
| Dhriti Kamlesh Gandhi | 0.02% |
| Prarthana M Gandhi | 0.00% |
| Meena Yogeshbhai Shah | 0.00% |
| Saryuben Mahendra Kumar Doshi | 0.00% |
| Pooja Gandhi | 0.00% |
| Pravinbhai L. Shah | 0.00% |
| Jaybhai Shah | 0.00% |
| Dimple Vora | 0.00% |
| Estate of Mukesh Chimanlal Gandhi | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 8.31% |
| Business Excellence Trust Iii - India Business Excellence Fund Iii | 4.19% |
| Bandhan Value Fund | 3.47% |
| Isif Equity Ex-Top 100 Long-Short Fund | 2.22% |
| Bavaria Industries Group Ag | 1.77% |
| M3 Investment Private Limited | 1.42% |
39,282 shareholders. Pledged: – of promoter shares.
Peers in Non Banking Financial Company (NBFC)
| Company | Market cap | P/E | P/B | ROE | ROA | Gross NPA | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | ₹5,71,790 cr | 28.1x | 5.2x | 19.9% | 4.14% | – | +25.1% | 0.60% |
| SHRIRAMFIN | ₹1,55,223 cr | 14.6x | 2.4x | 18.5% | 3.51% | – | +17.4% | 0.94% |
| TATACAP | ₹1,27,155 cr | 34.6x | 3.3x | 9.3% | 1.76% | – | – | 0.14% |
| CHOLAFIN | ₹1,23,499 cr | 21.4x | 4.1x | 21.2% | 2.34% | – | +34.4% | 0.14% |
| MUTHOOTFIN | ₹96,184 cr | 9.1x | 2.5x | 32.1% | 5.91% | – | +37.9% | 1.08% |
| LTF | ₹60,381 cr | 17.1x | 2.1x | 12.8% | 2.25% | – | +273.2% | 1.14% |
| SBICARD | ₹51,225 cr | 22.5x | 3.3x | 15.4% | 3.43% | – | +13.3% | 0.42% |
| PIRAMALFIN | ₹44,923 cr | 21.9x | 1.4x | 6.3% | 1.66% | – | – | 0.55% |
| SUNDARMFIN | ₹43,352 cr | 22.5x | 3.4x | 16.2% | 2.82% | – | +23.8% | 0.95% |
| MASFIN | ₹4,448 cr | 11.6x | 1.5x | 13.9% | 2.93% | – | +26.0% | 0.79% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-25 | Dividend | Dividend - Re 0.75 Per Share |
| 2026-02-04 | Dividend | Interim Dividend - Rs 1.25 Per Share |
| 2025-08-26 | Dividend | Dividend - Re 0.70 Per Share |
| 2025-02-05 | Dividend | Interim Dividend - Re 1 Per Share |
| 2024-09-04 | Dividend | Annual General Meeting/Dividend - Re 0.51 Per Share |
| 2024-02-22 | Bonus | Bonus 2:1 |
| 2024-01-22 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2023-07-19 | Dividend | Annual General Meeting/Dividend - Rs 1.85 Per Share |
| 2023-02-10 | Dividend | Interim Dividend - Rs 1.80 Per Share |
| 2022-08-12 | Dividend | Annual General Meeting/Dividend - Rs 1.75 Per Share |
| 2022-02-10 | Dividend | Interim Dividend - Rs 1.25 Per Share |
| 2021-08-17 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2020-12-01 | Other | Annual General Meeting |
| 2020-03-02 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2019-11-21 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2019-06-18 | Dividend | Dividend Rs -3.60 Per Share |
| 2018-11-20 | Dividend | Interim Dividend - Rs 1.50 Per Sh |
| 2018-06-13 | Dividend | Dividend- Rs 2.16 Per Share |
| 2017-11-17 | Dividend | Interim Dividend - Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Financial Service activities, except insurance and pension funding: Other financial activities
| Sector | Financial Services |
| Industry | Non Banking Financial Company (NBFC) |
| Sub-industry | Non Banking Financial Company (NBFC) |
| Symbol | MASFIN |
| BSE code | 540749 |
| ISIN | INE348L01012 |
| Face value | ₹10.0 |
| Incorporated | 1995-05-25 |
| Website | www.mas.co.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.