MAS Financial Services Ltd
MAS Financial Services Ltd (MASFIN) last reported results for the quarter ended Jun 2026, with sales of ₹562 crore and net profit of ₹110 crore. The stock last traded at ₹269, a market capitalisation of ₹4,882 crore, on a P/E of 12.3. Over the past 52 weeks the stock has ranged between ₹266 and ₹359. Figures are as of 6 Oct 2026 and are not real time.
MAS Financial Services Ltd share price and key metrics
- Current price
- ₹269
- Market cap
- ₹4,882 cr
- Stock P/E
- 12.3
- Book value
- ₹164
- ROE
- 13.4%
- ROCE
- 11.3%
- Dividend yield
- 0.75%
- 52w high / low
- 359/266
Metrics as of 6 Oct 2026. Not real time.
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MAS Financial Services Ltd growth and returns
- 10 Years
- 21%
- 5 Years
- 26%
- 3 Years
- 26%
- TTM
- 23%
- 10 Years
- 21%
- 5 Years
- 21%
- 3 Years
- 23%
- TTM
- 23%
- 10 Years
- %
- 5 Years
- 0%
- 3 Years
- -4%
- 1 Year
- -13%
- 10 Years
- 15%
- 5 Years
- 14%
- 3 Years
- 14%
- Last Year
- 13%
MAS Financial Services Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹562 cr, up 20.6% from ₹466 cr a year earlier. Net profit was ₹110 cr, up 26.4% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 384 | 410 | 439 | 466 | 480 | 507 | 542 | 562 |
| Expenses | 95 | 106 | 124 | 132 | 134 | 143 | 170 | 176 |
| Operating profit | 104 | 109 | 114 | 117 | 123 | 133 | 138 | 150 |
| OPM % | 27% | 27% | 26% | 25% | 26% | 26% | 25% | 27% |
| Other income | 1 | 1 | 0 | 1 | 2 | -4 | 3 | -1 |
| Interest | 185 | 195 | 202 | 217 | 224 | 231 | 235 | 236 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 104 | 108 | 112 | 116 | 123 | 127 | 139 | 148 |
| Tax % | 25% | 26% | 26% | 25% | 26% | 27% | 25% | 25% |
| Net profit | 78 | 80 | 83 | 87 | 91 | 93 | 104 | 110 |
| EPS (₹) | 4.23 | 4.38 | 4.54 | 4.71 | 4.98 | 5.08 | 5.68 | 5.98 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
MAS Financial Services Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 365 | 477 | 605 | 710 | 627 | 690 | 989 | 1,289 | 1,599 | 1,998 | 2,092 |
| Operating profit | 107 | 171 | 242 | 236 | 198 | 218 | 273 | 342 | 425 | 513 | 544 |
| OPM % | 29% | 36% | 40% | 33% | 32% | 32% | 28% | 27% | 27% | 26% | 26% |
| Net profit | 69 | 105 | 155 | 168 | 146 | 161 | 206 | 254 | 314 | 376 | 399 |
| EPS (₹) | 5.32 | 6.41 | 9.36 | 10.21 | 8.80 | 9.71 | 12.39 | 15.31 | 17.11 | 20.46 | 21.72 |
TTM is the trailing twelve months to the most recent quarter.
MAS Financial Services Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 43 | 55 | 55 | 55 | 55 | 55 | 55 | 164 | 181 | 181 |
| Reserves | 241 | 725 | 861 | 932 | 1,125 | 1,295 | 1,464 | 1,619 | 2,427 | 2,793 |
| Borrowings | 1,311 | 1,455 | 2,273 | 2,796 | 3,513 | 4,439 | 6,128 | 7,426 | 9,182 | 10,318 |
| Other liabilities | 605 | 665 | 801 | 1,037 | 737 | 519 | 356 | 339 | 409 | 455 |
| Total liabilities | 2,200 | 2,898 | 3,990 | 4,820 | 5,430 | 6,309 | 8,002 | 9,547 | 12,199 | 13,747 |
| Fixed assets | 9 | 58 | 13 | 15 | 12 | 14 | 17 | 25 | 27 | 74 |
| CWIP | 0 | 0 | 46 | 48 | 50 | 52 | 58 | 70 | 92 | 127 |
| Investments | 0 | 0 | 0 | 5 | 202 | 493 | 791 | 726 | 1,526 | 972 |
| Other assets | 2,191 | 2,840 | 3,932 | 4,752 | 5,166 | 5,750 | 7,136 | 8,726 | 10,554 | 12,573 |
| Total assets | 2,200 | 2,898 | 3,990 | 4,820 | 5,430 | 6,309 | 8,002 | 9,547 | 12,199 | 13,747 |
As reported by the company. Total assets equal total liabilities by construction.
MAS Financial Services Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -164 | -386 | -468 | 196 | -578 | -805 | -1,488 | -1,366 | -1,123 | -1,787 |
| Cash from investing | -4 | -49 | 14 | 4 | -199 | -820 | -242 | 50 | -828 | 467 |
| Cash from financing | 34 | 438 | 802 | 448 | 719 | 923 | 1,684 | 1,290 | 2,187 | 1,095 |
| Net cash flow | -134 | 3 | 348 | 648 | -59 | -702 | -46 | -26 | 236 | -225 |
| Free cash flow | -168 | -435 | -470 | 192 | -580 | -811 | -1,499 | -1,388 | -1,153 | -1,878 |
| CFO / operating profit | -47% | -92% | -85% | 52% | -109% | -133% | -185% | -130% | -86% | -116% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
MAS Financial Services Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 32% | 20% | 18% | 18% | 13% | 13% | 14% | 15% | 14% | 13% |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
MAS Financial Services Ltd shareholding pattern
Promoters held 66.66% at Jun 2026, broadly unchanged since Jun 2025. FIIs 3.69% and DIIs 19.68%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 66.63% | 66.63% | 66.63% | 66.63% | 66.63% | 66.63% | 66.66% | 66.66% |
| FIIs | 2.72% | 3.02% | 3.12% | 3.07% | 3.18% | 3.13% | 3.46% | 3.69% |
| DIIs | 20.23% | 20.02% | 20.13% | 19.99% | 20.15% | 20.23% | 20.04% | 19.68% |
| Public | 10.41% | 10.34% | 10.12% | 10.32% | 10.04% | 10.01% | 9.86% | 9.97% |
| No. of shareholders | 50,510 | 51,148 | 49,599 | 46,496 | 43,237 | 42,016 | 40,107 | 39,685 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
MAS Financial Services Ltd corporate filings
- Closure of Trading WindowInsider Trading / SASTlow impact
- MAS Financial Services Ltd announces allotment of Non-Convertible DebenturesCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has completed the allotment of Non-Convertible Debentures…
Read the full analysis - MAS Financial Services Ltd announces receipt of ESG ratingCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has formally intimated the receipt of its ESG rating to the…
Read the full analysis - MAS Financial Services Ltd schedules analyst and investor meetingsCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has issued an intimation regarding upcoming meetings with…
Read the full analysis - MAS Financial Services announces redemption of OCPS held in subsidiary MAS Rural Housing and Mortgage FinanceCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has initiated the redemption of Optionally Convertible…
Read the full analysis - MAS Financial Services Ltd receives ESG rating intimationCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has formally intimated the receipt of its ESG rating to the…
Read the full analysis - MAS Financial Services Ltd receives ESG rating intimationCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has formally intimated the receipt of an ESG rating. This…
Read the full analysis - MAS Financial Services Limited secures shareholder approval for 15,000 crore borrowing limit and final dividendAGM/EGMmedium impact
Cruxal's analysis: MAS Financial Services Limited has successfully concluded its 31st Annual General…
Read the full analysis - MAS Financial Services Limited concludes 31st AGM; shareholders consider dividend and expansion of borrowing limits to 15,000 crore INRAGM/EGMlow impact
Cruxal's analysis: MAS Financial Services Limited held its 31st Annual General Meeting on September 02…
Read the full analysis - MAS Financial Services Ltd publishes newspaper advertisement regarding IEPF transfer rulesCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has issued a mandatory newspaper advertisement in compliance…
Read the full analysis - MAS Financial Services Ltd announces schedule for analyst and investor meetingsCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has issued an intimation regarding upcoming analyst and…
Read the full analysis - MAS Financial Services Ltd announces 31st Annual General Meeting, record date, and e-voting scheduleCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has issued a newspaper advertisement regarding its 31st Annual…
Read the full analysis - MAS Financial Services Ltd issues routine letter to shareholdersCompany Updatelow impact
Cruxal's analysis: MAS Financial Services Ltd has released a letter to its shareholders as part of its…
Read the full analysis - MAS Financial Services Limited Announces 31st AGM and Proposes Increase in Borrowing Limits to 15,000 Crore INRAGM/EGMmedium impact
Cruxal's analysis: MAS Financial Services Limited has issued a notice for its 31st Annual General Meeting…
Read the full analysis - MAS Financial Services Ltd files Business Responsibility and Sustainability Report for FY 2025-26Otherslow impact
Cruxal's analysis: MAS Financial Services has submitted its Business Responsibility and Sustainability…
Read the full analysis - MAS Financial Services Ltd releases Annual Report for FY 2026Otherslow impact
Cruxal's analysis: MAS Financial Services Ltd has filed its Annual Report for the financial year 2026. This…
Read the full analysis - MAS Financial Services Ltd releases transcript of investor call held on August 5, 2026Company Updatelow impact
Cruxal's analysis: MAS Financial Services has filed the transcript of its recent investor/analyst meeting…
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