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MAS Financial Services
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MAS Financial Services Limited is a Gujarat-headquartered NBFC with more than two decades of business operations. The Company operates out of Ahmedabad and specialises in providing retail financing services to the lower and middle-income groups of society. The Company offers financial services for Micro Enterprises Loans, SME Loans, Home Loans, Two Wheeler Loans, Used Car Loans, Salaried Personal Loan, Housing Loans and Commercial Vehicle Loans to satisfy their varied needs. Its operations span a strong distribution network across 149 branches, strategically located in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Chhattisgarh, Tamil Nadu, Karnataka, and Delhi NCR.
MAS Financial Services Limited was incorporated as a Public Limited Company on May 25, 1995 at Ahmedabad. The Company received a Certificate for Commencement of Business on May 29, 1995. The Company was initially registered as a Category A (public deposit taking) NBFC pursuant to a Certificate of Registration dated May 8, 1998, issued by the RBI.
In 2006, the Company received investment from Bellwether Microfinance Trust. During the year under review, MAS Rural Housing & Mortgage Finance Limited (MRHMFL) was incorporated as a subsidiary of the company. MRHMFL is primarily engaged in providing housing finance.
Upon conversion of the company to a Category B (non-public deposit taking) NBFC, the company received a certificate of registration (bearing registration number B-01-00241) dated January 15, 2007, issued by the RBI.In 2008, the company received investment from Nederlandse Financierings - Maatschappij voor Ontwikkelingslanden N.V. (FMO) and ICICI Venture Fund Management Company Limited.
In 2010, the company developed and implemented customised Enterprise Resource Planning system called MASEX'. In 2012, the company received investment from DEG-Deutsche Investitions-und Entwicklungsgesellschaft MBH (DEG). In 2013, the company's assets under management (AUM) crossed Rs 1000 crore.
In 2014, Sarva Capital, then known as Lok Capital II LLC, purchased 2.17 crore compulsorily convertible cumulative preference shares of the company from FMO.
In 2015, the company's AUM crossed Rs 2000 crore. During the year under review, non-convertible debentures (NCDs) issued by the company were listed on BSE Limited. In 2016, credit rating agency India Ratings & Research upgraded its rating of the company's bank loans to 'Ind A', with stable outlook.
In 2017, the company's AUM crossed Rs 3000 crore.
The company came out with an initial public offer (IPO) during the period from 6 October 2017 to 10 October 2017. The IPO was a combination of fresh issue of Rs 233 crore and an offer for sale of up to Rs 227.04 crore by the selling shareholders. The stock debuted at Rs 660 on BSE on 18 October 2017, a premium of 43.79% compared with the IPO price of Rs 459 per share.During the financial year 2018-19, the company's AUM crossed Rs 4000 crore.
During the year 2018, the Company raised fund via initial public offering of 1,00,39,277 equity shares (comprising of fresh issue of 50,92,829 equity shares and offer for sale of 49,46,448 equity shares) of face value of Rs 10 each.
During the year 2019, the Company started operations in Diyodar and Bhilwara.
During FY 2019, the Company made investment in the equity share capital of its subsidiary, MAS Rural Housing & Mortgage Finance Limited up to a sum of Rs 9,00,00,000/-.
During the year 2020, Company has started operations in Gujarat, Madhya Pradesh, Maharashtra and added one more branch each in Jaipur and Jodhpur cities of Rajasthan.
The Company has 69 branches Pan India as on March 31, 2022. As on April 1, 2022 the Company had 125 branches in 7 territories Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, Karnataka, and Delhi NCR.
The Company has 73 branches Pan India as on March 31, 2023. MAS had 268 sourcing intermediates for its Commercial Vehicle Loans and 242 for its Two-Wheeler Loans. As on March 31, 2023, the total borrowings of the Company stood at Rs 5,908.21 crore. Around 85% of the asset portfolio comprises of MSME loans, which qualifies as Priority Sector Lending.
During the year 2022-23, MASFIN Insurance Broking Private Limited was incorporated as New subsidiary effective 05 August, 2022. The Company opened 6 branches in Gujarat, 2 branches in Maharashtra, 3 branches in Rajasthan, 9 branches in Madhya Pradesh, 3 branches in Karnataka along with a fresh location of Chhattisgarh. At the end of the FY 2022-23, the total branches were 149 and the Company served 9000+ Customer locations.
MAS Financial Services share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of MAS Financial Services indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how MAS Financial Services is valued compared to its competitors.
MAS Financial Services PE ratio helps investors understand what is the market value of each stock compared to MAS Financial Services 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of MAS Financial Services evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively MAS Financial Services generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of MAS Financial Services in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of MAS Financial Services shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of MAS Financial Services compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of MAS Financial Services over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of MAS Financial Services helps investors get an insight into when they can enter or exit the stock. Key components of MAS Financial Services Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where MAS Financial Services shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect MAS Financial Services ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of MAS Financial Services provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of MAS Financial Services highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of MAS Financial Services .
The balance sheet presents a snapshot of MAS Financial Services ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
MAS Financial Services Net Interest Margin (NIM) tells about the profitability earned by all NBFCs and financial institutions. It represents the income generated by the bank from the difference between the interest earned on loans and the interest paid on public deposits. Net Interest Margin (NIM) is a metric that monitors the profitability generated from a bank's lending activities.
Non-Performing Assets (NPA) indicate the ratio of a bank's loans that are classified as non-performing. A lower NPA ratio reflects stronger asset quality and more effective risk management.
Capital Adequacy Ratio (CAR) is a metric to measure the bank's ability to absorb losses and still remain financially stable. A higher CAR shows that the bank is financially sound and can absorb potential losses.
Gross NPA is the percentage of total non-performing loans before provisioning, while net NPA is the percentage after provisioning. Lower gross and net NPA ratios indicate better loan quality.
Net NPA is the actual losses a bank has incurred due to NPA accounts. Lower the NPA, better the banks can maintain stable income from interest on loans.
CASA ratio tells how much of a bank's total deposits are in both current and savings accounts.
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