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As of 6 Nov 2026, MAS Financial Services trades at 11.5× trailing earnings, and the shares are 26% below their 52-week high. Its ROE of 14% is the second-lowest among the 7 largest Credit Services peers, and net profit grew 22% a year over 3 years. For banks and lenders, ROCE and debt-to-equity are not used; it trades at 1.50× book value and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹4,817 Cr, ranked 30th of 193 Credit Services companies by market cap; the shares fell 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹268.05
Day high
₹269.38
Day low
₹263.25
Prev. close
₹272.16
Volume
83.9K

Health check

3 good · 2 fair · 1 to check
  • ReturnsBehind

    −13.0% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/B 1.50 vs peer median 2.62.

  • GrowthSteady

    Profit +22.2% a year over 3 years.

  • ProfitabilityAverage

    ROE 13.8% vs peer median 18.7%.

  • Balance sheetSolid

    Return on assets 2.95%. Bad-loan data isn’t covered.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Credit Services

192 listed peers. Screen the industry

Small cap

₹4,817 Cr, #30 of 193 in its industry by size.

Defensive

Beta 0.31 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,115 Cr · profit ₹417 Cr
Market cap
₹4,817 Cr
Small cap
P/E
11.5
Industry 15.5
Price to book
1.50
Peers 2.62
Dividend yield
0.75%
ROE
13.8%
Peers 18.7%
ROCE
n/m
Not meaningful for lenders
Debt to equity
n/m
Not meaningful for lenders
EPS (TTM)
₹22.99
Face value ₹10
OPM (TTM)
27.9%
Net margin 37.4%
Sales growth
n/m
Not meaningful for lenders
Profit growth
+25.3%
Latest quarter vs a year ago
Price to sales
4.32

Strengths and risks

Strengths

  • Quarterly profit up 25.3% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About MAS Financial Services

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…

Headquarters
Ahmedabad
Employees
1,933
Sector
Financial Services
ISIN
INE348L01012
Website
mas.co.in

Price range

52 weeks

₹238.40₹358.85

Today

₹263.25₹269.38
Avg volume (3M)
2 L
1-year return
minus 13.0%
From 52-week high
minus 26.0%

Analyst consensus

5 analysts
Strong buyMean target ₹370.00 plus 39.4%

Target range, with today’s price

Low ₹310.00High ₹450.00

Today’s price ₹265.46 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Credit Services

Bank and NBFC columns

Compare with peersScreen the whole industry
Company
BAJFINANCEBajaj Finance1,087.75plus 1.66%6,77,00531.35.4919.0%3.8%18.2%0.50%plus 1.2%
SHRIRAMFINShriram Finance961.15minus 0.30%2,26,16716.02.0314.8%3.9%18.6%1.80%plus 21.0%
CHOLAFINCholamandalam Investment and Finance Company1,785.00plus 1.42%1,53,10324.54.4120.6%2.6%25.2%0.11%plus 0.8%
TATACAPTata Capital358.05plus 2.93%1,50,97925.43.1014.1%2.2%–0.16%plus 5.6%
MUTHOOTFINMuthoot Finance2,869.00plus 1.06%1,15,1819.42.6231.6%6.3%43.1%1.05%minus 11.0%
PFCPower Finance Corporation328.80minus 0.18%1,08,5074.10.7418.7%2.7%17.7%4.99%minus 16.9%
IRFCIndian Railway Finance Corporation80.43plus 0.37%1,05,11014.31.7312.6%1.4%4.4%2.74%minus 34.4%
MASFINMAS Financial Services265.46minus 2.46%4,81711.51.5013.8%2.9%22.2%0.75%minus 13.0%
Median of 7 peers–1.06%1,50,97916.02.6218.7%2.7%18.4%1.05%0.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
–426444471504525
–323334346350371
–104110125154154
–24.3%24.9%26.6%30.6%29.3%
––1.12.9−0.52.4
1.7–1.822.22.3
−4316.317.513.1−3.70.7
116–127139148154
25.3%–26.6%24.9%25.4%25.4%
85.6–92.2103108113
4.71–5.085.695.986.24

Profit & loss

Yearly, ₹ crore
Profit CAGR 3Y
+22.2%
EPS CAGR 3Y
+18.2%
ROE
13.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7751,0081,2711,532
–+30.1%+26.1%+20.5%
6198801,0791,344
156129193188
20.1%12.8%15.1%12.3%
110139168226
36.10.30.51.2
2.74.35.67.2
45.176.966.499.1
272340421505
24.2%25.2%25.4%25.6%
203251310371
–+23.5%+23.6%+19.6%
12.3915.3117.4820.46

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
54.7164181181
1,4641,6192,4282,793
5,8757,1249,18110,317
622641409455
8,0159,54712,19913,747
73.193.4115192
57.769.891.5126
793265727732
8641,4192,1371,628
6,2287,7019,12811,069
8,0159,54712,19913,747

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−1,426−1,366−1,123−1,787
−30450.1−828467
1,6841,2902,1871,095
−46−26236−225
−11−22.3−29.5−91.7
−1,437−1,388−1,153−1,878
−19.5−26.6−27.4−35.4

Shareholding pattern

Source: NSE filings
66.7%
promoters
  • Promoters66.66%
  • Public33.34%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202666.66%33.34%plus 0.01
30 Jun 202666.65%33.35%0.00
31 Mar 202666.65%33.35%plus 0.02
31 Dec 202566.63%33.37%0.00
30 Sep 202566.63%33.37%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you