- Next results date: the board meets on 28 Oct 2026 to consider: financial results and other business matters.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹4,489 Cr740th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 29 Jul 2026
- 11.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 Apr 2026
- 1.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.81%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 29 Jul 2026
- 14.1%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 6.51%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 9.31%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 1.77%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 2.90%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 4.56times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,84,63051.4% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 29 Jul
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹562 Crup 3.69%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹110 Crup 5.43%
Income from operations by year
Peak income from operations ₹1,995 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 24 Oct | Dec 2024Filed 18 Mar | Mar 2025Filed 30 Apr | Jun 2025Filed 23 Jul | Sep 2025Filed 5 Nov | Dec 2025Filed 28 Jan | Mar 2026Filed 29 Apr | Jun 2026Filed 29 Jul |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 384 | 410 | 438 | 466 | 480 | 507 | 542 | 562 |
| Net profit | 78 | 80 | 83 | 87 | 91 | 93 | 104 | 110 |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Financing activitiesFinancing activities, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,001 Cr99.9%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1 Cr0.1%
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: not used for a lender or an insurer.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 0.1% of 1,870 trading days since May 2018.
LowestHighest
Its median22.0Industry median19.8
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 0.1% of 1,882 trading days since Nov 2018.
LowestHighest
Its median3.1Industry median1.1
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 89% of 2,171 trading days since Jan 2018.
LowestHighest
Its median0.54%Industry median0.75%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +14.4% | +19.6% | −5.0% | 0.7% |
| 3 years | +2.2% | +18.2% | −14.1% | 0.6% |
| 5 years | +0.3% | +18.4% | −15.8% | 0.6% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
18 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 1 of the 5 funds that added or cut is an index fund, an ETF or an arbitrage fund: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- AddedAdded. Funds that held more shares than at the end of the month before.
- 2
- CutCut. Funds that held fewer shares than at the end of the month before.
- 3
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 13
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 1
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 1,50,87,423 | 0.53% | ₹426.5 Cr |
 Bandhan Value FundBandhan Mutual Fund | 25,00,000 | 0.74% | ₹70.7 Cr |
| Bandhan ELSS - Tax Saver FundBandhan Mutual Fund | 20,00,000 | 0.86% | ₹56.5 Cr |
 ICICI Prudential Dividend Yield FundICICI Prudential Mutual Fund | 9,71,957 | 0.43% | ₹27.5 Cr |
| ICICI Prudential Banking and Financial Services FundICICI Prudential Mutual Fund | 9,01,315 | 0.24% | ₹25.5 Cr |
| Bandhan Multi Cap FundBandhan Mutual Fund | 8,50,000 | 0.82% | ₹24.0 Cr |
 Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund | 8,00,000 | 1.77% | ₹22.6 Cr |
 Aditya Birla Sun Life Business Cycle FundAditya Birla Sun Life Mutual Fund | 4,93,261 | 0.81% | ₹13.9 Cr |
| Bandhan Flexi Cap FundBandhan Mutual Fund | 4,13,314 | 0.16% | ₹11.7 Cr |
| Bandhan Multi Asset Allocation FundBandhan Mutual Fund | 4,00,000 | 0.31% | ₹11.3 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Non Banking Financial Company (NBFC), 281 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to MAS Financial Services in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
 Paisalo DigitalPAISALO | 7,160 | 27.0 | 3.7 | – | +23.6% | +28.0% | 14.7% | – | 4.11% | 9.71% | 0.13% |
 Bengal & Assam CompanyBENGALASM | 6,410 | 8.4 | 0.6 | 18.2 | +12.1% | +4.2% | 7.5% | 2.7% | – | – | 0.89% |
 Fedbank Financial ServicesFEDFINA | 5,616 | 13.0 | 1.8 | – | +21.5% | +76.6% | 14.8% | – | 2.28% | 9.19% | 0.00% |
 Mrugesh TradingMRUTR | 4,638 | – | 64.3 | – | −41.9% | – | – | −1.9% | – | – | 0.00% |
 SG FinserveSGFIN | 4,053 | 21.6 | 2.5 | – | +104.6% | – | 14.0% | – | 3.87% | 5.94% | 0.00% |
 Northern Arc CapitalNORTHARC | 4,004 | 9.1 | 1.0 | – | +21.1% | +50.4% | 12.0% | – | 2.66% | 10.96% | 0.00% |
 Aye FinanceAYE | 3,305 | – | 1.2 | – | – | – | – | – | – | – | 0.00% |
 Ashika Global SecuritiesASHIKAG | 2,690 | – | – | – | – | – | – | – | – | – | 0.14% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹2.67 a share, year to Mar 2020.
| Ex-date | Type | Per share |
|---|---|---|
| 25 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.75 |
| 4 Feb 2026 | Interim | ₹1.25 |
| 26 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.70 |
| 5 Feb 2025 | Interim | ₹1.00 |
| 4 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.51 |
| 22 Jan 2024 | Interim | ₹3.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
22 Oct · Analysts
14 Oct · Rating
Sep 2026
18 Sep · General Updates
16 Sep · Analysts
MAS Financial Services share price by year
Each calendar year to 2025.MAS Financial Services share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 323.60 | +17.5% | 346.20 | 229.83 |
| 2024 | 275.30 | −5.0% | 348.03 | 262.50 |
| 2023 | 289.92 | +7.3% | 308.65 | 229.13 |
| 2022 | 270.23 | +28.3% | 309.92 | 157.15 |
| 2021 | 210.60 | −31.9% | 317.00 | 210.60 |
| 2020 | 309.13 | +6.9% | 410.07 | 155.77 |
| 2019 | 289.15 | +44.7% | 295.92 | 170.48 |
| 2018 | 199.80 | −4.4% | 215.82 | 128.70 |
| 2017 | 208.92 | – | 224.88 | 193.33 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 18 Oct 2017.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 254.00 | 255.60 | 243.55 | 247.40 | 248.09 | 1,84,630 | 51.4% |
| 22 Oct 2026 | 255.15 | 262.10 | 254.00 | 254.95 | 257.05 | 88,126 | 55.2% |
| 21 Oct 2026 | 265.15 | 266.00 | 255.30 | 259.90 | 258.62 | 96,059 | 50.9% |
| 19 Oct 2026 | 265.45 | 270.00 | 260.15 | 263.90 | 262.86 | 1,15,862 | 41.8% |
| 16 Oct 2026 | 265.00 | 269.55 | 262.35 | 265.45 | 265.52 | 69,037 | 54.7% |
| 15 Oct 2026 | 266.40 | 272.75 | 264.00 | 265.90 | 266.42 | 44,290 | 50.9% |
| 14 Oct 2026 | 272.85 | 272.85 | 265.30 | 266.40 | 267.64 | 71,098 | 57.9% |
| 13 Oct 2026 | 265.40 | 271.00 | 265.40 | 270.00 | 268.41 | 40,122 | 46.4% |
| 12 Oct 2026 | 264.55 | 270.00 | 264.55 | 268.00 | 267.91 | 58,222 | 54.5% |
| 9 Oct 2026 | 262.95 | 268.00 | 261.70 | 266.70 | 266.06 | 63,479 | 53.8% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 22 Feb 2024 | Bonus | 0.3333 | Holders received 2 bonus shares for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- Legal name
- MAS Financial Services Limited
- NSE symbol
- MASFIN
- BSE code
- 540749
- ISIN
- INE348L01012
- Industry
- Finance
- Listed
- Oct 2017
- Face value
- ₹10
- CIN
- L65910GJ1995PLC026064
- Corporate identity number, the registrar of companies' code for it