As of 6 Nov 2026, Master Trust trades at 6.9× trailing earnings, below the industry P/E of 18.4×, and the shares are 41% below their 52-week high. It earns ROCE of 27% and ROE of 17%, and sales and net profit grew 18% and 24% a year over 3 years. Debt is 0.43× equity. It is a small-cap company with a market cap of ₹958 Cr, ranked 28th of 219 Capital Markets companies by market cap; the shares fell 39% over the past year.
- ₹80.24
- ₹80.24
- ₹76.10
- ₹80.24
- 3.2 L
Health check
- ReturnsBehind
−38.7% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 6.9 vs industry 18.4.
- GrowthSlow
Sales +17.5%, profit +24.1% a year over 3 years.
- ProfitabilityStrong
ROCE 27.3% vs peer median 22.1%.
- Balance sheetFair
Debt 0.43× equity, interest covered 4.3×.
- Red flags2 to check
41% below its 52-week high.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹958 Cr
- Small cap
- P/E
- 6.9
- Industry 18.4
- Price to book
- 1.07
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- 17.0%
- Peers 18.9%
- ROCE
- 27.3%
- Peers 22.1%
- Debt to equity
- 0.43
- Debt ₹384 Cr
- EPS (TTM)
- ₹11.20
- Face value ₹1
- OPM (TTM)
- 41.4%
- Net margin 24.8%
- Sales growth
- +13.8%
- Latest quarter vs a year ago
- Profit growth
- +27.8%
- Latest quarter vs a year ago
- Price to sales
- 1.69
Strengths and risks
Strengths
- Return on capital employed of 27.3%.
- Quarterly profit up 27.8% on a year ago.
- Net margin of 24.8%.
- P/E of 6.9 against an industry P/E of 18.4.
Risks to check
- 41% below its 52-week high.
- Interest coverage of only 2.5×.
About Master Trust
Master Trust Limited provides financial services in India. It offers multi-asset brokerage and trading solutions, research and advisory services, wealth management, merchant banking, depository and custody services, and NBFC lending services. In addition, it also provides equity trading, derivatives trading, wealth management, currency trading, insurance, commodity trading, algo trading systems, merchant banking, depository services, and NBFC related…
- Headquarters
- New Delhi
- Employees
- 1,380
- Sector
- Financial Services
- ISIN
- INE677D01037
- Website
- mastertrust.co.in
Price range
- Avg volume (3M)
- 6 L
- 1-year return
- minus 38.7%
- From 52-week high
- minus 40.6%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| MASTERTRMaster Trust | 77.56 | minus 3.34% | 958 | 6.9 | 1.07 | – | 17.0% | 37.1% | 17.5% | 24.1% | 0.00% | minus 38.7% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 132 | 127 | 137 | 181 | 150 | |
| 79.9 | 67.6 | 75.7 | 117 | 88 | |
| 51.8 | 59.3 | 61 | 64 | 61.8 | |
| 39.3% | 46.7% | 44.6% | 35.4% | 41.3% | |
| 0 | 0 | 0 | 0 | 0 | |
| 14.8 | 15 | 15.4 | 14.3 | 14.6 | |
| 1.2 | 1.1 | 1.1 | 1 | 1 | |
| 35.9 | 43.2 | 44.6 | 48.7 | 46.2 | |
| 24.4% | 27.4% | 29.4% | 26.0% | 25.1% | |
| 27.1 | 31.4 | 31.5 | 36.1 | 34.7 | |
| 2.30 | 2.70 | 2.70 | 3.00 | 2.80 |
Profit & loss
- Sales CAGR 3Y
- +17.5%
- Profit CAGR 3Y
- +24.1%
- EPS CAGR 3Y
- +20.3%
- ROE
- 17.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 289 | 411 | 473 | 468 | |
| – | +42.5% | +15.0% | minus 0.9% | |
| 218 | 207 | 341 | 339 | |
| 70.2 | 204 | 132 | 129 | |
| 24.3% | 49.6% | 27.9% | 27.5% | |
| 47.3 | −5 | 106 | 101 | |
| 29.2 | 51.4 | 55.3 | 52.6 | |
| 2.6 | 3.6 | 3.7 | 4.3 | |
| −1 | – | −0.1 | −0.2 | |
| 84.7 | 144 | 179 | 172 | |
| 22.2% | 24.9% | 26.6% | 26.9% | |
| 65.9 | 108 | 131 | 126 | |
| – | +64.0% | +21.4% | minus 4.0% | |
| 6.06 | 9.79 | 11.21 | 10.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.9 | 10.9 | 11.3 | 12.3 | |
| 354 | 493 | 627 | 805 | |
| 162 | 187 | 258 | 228 | |
| 706 | 1,174 | 1,057 | 1,200 | |
| 1,233 | 1,866 | 1,953 | 2,244 | |
| 13.8 | 15.3 | 14.8 | 13.9 | |
| 6.1 | 22.7 | 134 | 33.4 | |
| 42.4 | 109 | 1,471 | 216 | |
| 1,170 | 1,719 | 334 | 1,981 | |
| 1,233 | 1,866 | 1,953 | 2,244 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 177 | 458 | −108 | 341 | |
| −164 | −493 | 53.7 | −325 | |
| – | 24.9 | 88.9 | 26.4 | |
| 12.9 | −9.8 | 35 | 42.9 | |
| −4.7 | −5.1 | −3.5 | −3.4 | |
| 172 | 453 | −111 | 338 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.