MAS Financial Services Ltd. (IN:MASFIN)
:MASFIN
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MAS Financial Services Ltd.
(MASFIN)
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Rating:64Neutral
Price Target:
₹364.00
▲(11.91% Upside)
Action:ReiteratedDate:10/30/25
The overall stock score is primarily influenced by strong financial performance in terms of revenue and profitability, despite challenges in operational efficiency and liquidity. Technical analysis indicates a neutral to bearish trend, while valuation suggests the stock is reasonably priced. The absence of earnings call and corporate events data means these factors do not impact the score.
Positive Factors
Revenue Growth
Sustained ~25.7% revenue growth signals durable expansion of the loan book and customer base. Over 2–6 months this supports scale economies, stronger fee and interest income, and provides headroom to invest in origination and risk management while underpinning long-term earnings power.
Negative Factors
High Leverage
Material leverage raises structural funding and interest-rate sensitivity. Over several months, high debt loads can increase interest expense, constrain capital allocation, and amplify earnings volatility if credit costs rise or access to wholesale funding tightens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~25.7% revenue growth signals durable expansion of the loan book and customer base. Over 2–6 months this supports scale economies, stronger fee and interest income, and provides headroom to invest in origination and risk management while underpinning long-term earnings power.
Read all positive factors
MAS Financial Services Ltd. (MASFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.88B
Dividend Yield0.43%
Average Volume (3M)7.18K
Price to Earnings (P/E)15.9
Beta (1Y)0.78
Revenue Growth24.90%
EPS Growth11.78%
CountryIN
Employees1,892
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)5.00
Shares Outstanding181,453,380
10 Day Avg. Volume5,624
30 Day Avg. Volume7,181
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)1.75
Price to Sales (P/S)3.60
P/FCF Ratio-3.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹425.00Price Target Upside30.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)24.65
Revenue Forecast (FY)₹12.12B
MAS Financial Services Ltd. Business Overview & Revenue Model
Company Description
MAS Financial Services Limited, a non-banking finance company, provides retail financing services in India. The company offers micro enterprise, small and medium enterprise, two-wheeler, commercial vehicle, salaried personal, used car, tractor, an...
How the Company Makes Money
MAS Financial Services Ltd. generates revenue through various streams, primarily from interest income earned on loans disbursed to customers. The company's core revenue model is based on lending activities, which include interest on microfinance l...
MAS Financial Services Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.97B | 12.70B | 10.08B | 7.75B | 5.66B | 4.91B |
| Gross Profit | 4.59B | 3.13B | 2.19B | 2.02B | 1.89B | 2.03B |
| EBITDA | 5.24B | 4.27B | 3.44B | 3.10B | 2.48B | 2.34B |
| Net Income | 3.38B | 3.10B | 2.51B | 2.03B | 1.59B | 1.44B |
Balance Sheet | ||||||
| Total Assets | 131.40B | 121.99B | 95.47B | 80.14B | 63.22B | 54.30B |
| Cash, Cash Equivalents and Short-Term Investments | 16.73B | 21.07B | 14.19B | 8.04B | 10.49B | 11.00B |
| Total Debt | 99.10B | 91.56B | 74.26B | 61.28B | 44.39B | 35.13B |
| Total Liabilities | 102.87B | 95.49B | 77.29B | 64.69B | 49.82B | 42.29B |
| Stockholders Equity | 28.11B | 26.09B | 17.83B | 15.19B | 13.50B | 11.80B |
Cash Flow | ||||||
| Free Cash Flow | -10.29B | -11.63B | -13.88B | -14.99B | -8.08B | -5.80B |
| Operating Cash Flow | -10.02B | -11.33B | -13.66B | -14.88B | -8.02B | -5.78B |
| Investing Cash Flow | 3.72B | -8.28B | 500.80M | -2.42B | -8.20B | -1.99B |
| Financing Cash Flow | 7.39B | 21.98B | 12.90B | 16.84B | 9.23B | 7.19B |
MAS Financial Services Ltd. Technical Analysis
Negative
325.25
Price Trends
313.58
Negative
313.83
Negative
310.86
Negative
Market Momentum
-7.46
Positive
42.83
Neutral
41.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MASFIN, the sentiment is Negative. The current price of 325.25 is above the 20-day moving average (MA) of 298.38, above the 50-day MA of 313.58, and above the 200-day MA of 310.86, indicating a bearish trend. The MACD of -7.46 indicates Positive momentum. The RSI at 42.83 is Neutral, neither overbought nor oversold. The STOCH value of 41.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MASFIN.
MAS Financial Services Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹51.21B | 16.05 | ― | ― | 14.44% | -10.84% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | ₹52.88B | 15.92 | ― | 0.43% | 24.90% | 11.78% | |
61 Neutral | ₹15.49B | 18.43 | ― | ― | -6.03% | -100.77% | |
56 Neutral | ₹61.89B | 19.93 | ― | 1.63% | 10.02% | -120.18% | |
50 Neutral | ₹31.77B | 98.87 | ― | ― | -5.36% | 469.19% | |
44 Neutral | ₹17.65B | -5.67 | ― | ― | -45.13% | -1646.01% |
* Financial Sector Average
IN:MASFIN
MAS Financial Services Ltd.
303.80
58.87
24.03%
IN:ARMANFIN
Arman Financial Services Limited
1,510.05
193.10
14.66%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
55.00
0.03
0.05%
IN:FEDFINA
Fedbank Financial Services Ltd.
135.95
49.83
57.86%
IN:INDOSTAR
IndoStar Capital Finance Limited
198.85
-87.40
-30.53%
IN:SPANDANA
Spandana Sphoorty Financial Ltd.
201.90
-14.26
-6.60%
MAS Financial Services Ltd. Corporate Events
MAS Financial Publishes Q3 and Nine-Month FY25 Unaudited Results in Newspapers
Jan 29, 2026
MAS Financial Services Limited has announced that it has published its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, in one English and one Gujarati newspaper, in compliance with S...
MAS Financial Services to Engage Investors and Analysts at Singapore Meetings in February 2026
Jan 27, 2026
MAS Financial Services Limited has notified the exchanges that its officials will meet investors and analysts at the JM Financial India Xchange Singapore 2026 conference and through separate investor meetings in Singapore on February 5 and 6, 2026...
MAS Financial Services Closes Trading Window Ahead of Q3 FY26 Results
Dec 29, 2025
MAS Financial Services Limited has announced the closure of its trading window for designated persons and their immediate relatives, in line with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company’s internal code of cond...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.