MAS Financial Services Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 9:20 pm

Market Cap	5,146 Cr.
Current Price	284
High / Low	332/220
Stock P/E	17.3
Book Value	133
Dividend Yield	0.53 %
ROCE	11.7 %
ROE	15.2 %
Face Value	10.0
PEG Ratio	1.25

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for MAS Financial Services Ltd

Competitors of MAS Financial Services Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MKVentures Capital Ltd	609 Cr.	1,584	2,800/1,151	29.6	267	0.06 %	20.6 %	33.6 %	10.0
Modern Shares & Stockbrokers Ltd	12.8 Cr.	43.7	69.4/39.5	36.6	43.9	0.00 %	4.33 %	3.24 %	10.0
Monarch Networth Capital Ltd	2,582 Cr.	330	501/226	16.6	93.0	0.15 %	51.8 %	43.4 %	10.0
Monotype India Ltd	55.5 Cr.	0.79	2.42/0.67	6.95	0.13	0.00 %	438 %	%	1.00
Multipurpose Trading & Agencies Ltd	4.92 Cr.	9.95	13.3/7.93	25.9	10.2	0.00 %	4.44 %	3.91 %	10.0
Industry Average	6,429.10 Cr	1,437.10		89.57	5,265.37	0.34%	18.78%	17.28%	7.38

All Competitor Stocks of MAS Financial Services Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Revenue	180	192	205	241	261	278	293	310	335	347	364	384	410
Interest	88	95	97	116	133	150	150	154	172	171	181	185	195
Expenses	37	35	45	56	59	57	66	76	76	83	86	95	106
Financing Profit	55	62	62	69	69	72	77	81	86	93	98	104	109
Financing Margin %	31%	32%	30%	29%	27%	26%	26%	26%	26%	27%	27%	27%	27%
Other Income	0	0	0	0	1	1	0	3	2	1	1	1	1
Depreciation	0	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	55	62	62	68	69	72	77	83	87	94	97	104	108
Tax %	26%	25%	26%	25%	25%	21%	25%	25%	26%	25%	25%	25%	26%
Net Profit	41	46	46	51	52	57	58	62	64	70	73	78	80
EPS in Rs	2.48	2.78	2.77	3.06	3.13	3.43	3.47	3.73	3.88	4.23	3.95	4.23	4.38
Gross NPA %
Net NPA %

Last Updated: February 28, 2025, 6:29 pm

Below is a detailed analysis of the quarterly data for MAS Financial Services Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Interest, as of Dec 2024, the value is 195.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 185.00 Cr. (Sep 2024) to 195.00 Cr., marking an increase of 10.00 Cr..
For Expenses, as of Dec 2024, the value is 106.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 95.00 Cr. (Sep 2024) to 106.00 Cr., marking an increase of 11.00 Cr..
For Other Income, as of Dec 2024, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 108.00 Cr.. The value appears strong and on an upward trend. It has increased from 104.00 Cr. (Sep 2024) to 108.00 Cr., marking an increase of 4.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2024) to 26.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is 80.00 Cr.. The value appears strong and on an upward trend. It has increased from 78.00 Cr. (Sep 2024) to 80.00 Cr., marking an increase of 2.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 4.38. The value appears strong and on an upward trend. It has increased from 4.23 (Sep 2024) to 4.38, marking an increase of 0.15.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:32 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Revenue	143	185	238	309	365	477	605	710	627	690	980	1,284	1,505
Interest	57	80	113	142	165	187	225	299	286	340	498	650	732
Expenses	44	55	62	82	92	118	138	175	143	132	209	292	370
Financing Profit	41	50	63	85	107	171	242	236	198	218	273	342	404
Financing Margin %	29%	27%	26%	27%	29%	36%	40%	33%	32%	32%	28%	27%	27%
Other Income	0	0	0	-0	-0	-2	-2	-3	0	1	1	2	4
Depreciation	1	1	1	1	1	2	2	3	3	2	3	4	5
Profit before tax	41	50	62	84	106	168	238	230	196	217	272	340	403
Tax %	32%	33%	34%	35%	35%	37%	35%	27%	26%	26%	24%	25%
Net Profit	27	33	41	55	69	105	155	168	146	161	206	254	301
EPS in Rs	9.10	6.79	8.33	11.29	5.32	6.41	9.36	10.21	8.80	9.71	12.39	15.31	16.79
Dividend Payout %	13%	17%	19%	20%	20%	19%	18%	26%	6%	10%	10%	23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	22.22%	24.24%	34.15%	25.45%	52.17%	47.62%	8.39%	-13.10%	10.27%	27.95%	23.30%
Change in YoY Net Profit Growth (%)	0.00%	2.02%	9.90%	-8.69%	26.72%	-4.55%	-39.23%	-21.48%	23.37%	17.68%	-4.65%

MAS Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	21%
5 Years:	16%
3 Years:	27%
TTM:	24%

Compounded Profit Growth
10 Years:	23%
5 Years:	10%
3 Years:	20%
TTM:	25%

Stock Price CAGR
10 Years:	%
5 Years:	7%
3 Years:	10%
1 Year:	-8%

Return on Equity
10 Years:	17%
5 Years:	15%
3 Years:	14%
Last Year:	15%

Last Updated: Unknown

Balance Sheet

Last Updated: April 13, 2025, 3:13 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10	16	16	16	43	55	55	55	55	55	55	164	181
Reserves	45	61	88	122	241	725	861	932	1,125	1,295	1,464	1,619	2,237
Borrowing	607	816	1,124	1,404	1,311	1,455	2,273	2,796	3,513	4,439	6,128	7,426	8,167
Other Liabilities	140	239	343	405	605	665	801	1,037	737	519	369	339	425
Total Liabilities	802	1,133	1,572	1,947	2,200	2,898	3,990	4,820	5,430	6,309	8,015	9,547	11,010
Fixed Assets	6	6	4	8	9	58	13	15	12	14	17	25	26
CWIP	0	0	0	0	0	0	46	48	50	52	58	70	81
Investments	0	0	0	0	0	0	0	5	202	493	791	726	908
Other Assets	796	1,127	1,567	1,938	2,191	2,840	3,932	4,752	5,166	5,750	7,149	8,726	9,996
Total Assets	802	1,133	1,572	1,947	2,200	2,898	3,990	4,820	5,430	6,309	8,015	9,547	11,010

Below is a detailed analysis of the balance sheet data for MAS Financial Services Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹181.00 Cr.. The value appears strong and on an upward trend. It has increased from 164.00 Cr. (Mar 2024) to ₹181.00 Cr., marking an increase of 17.00 Cr..
For Reserves, as of Sep 2024, the value is ₹2,237.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,619.00 Cr. (Mar 2024) to ₹2,237.00 Cr., marking an increase of 618.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹425.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 339.00 Cr. (Mar 2024) to ₹425.00 Cr., marking an increase of 86.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹11,010.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,547.00 Cr. (Mar 2024) to ₹11,010.00 Cr., marking an increase of 1,463.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹26.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Mar 2024) to ₹26.00 Cr., marking an increase of 1.00 Cr..
For CWIP, as of Sep 2024, the value is ₹81.00 Cr.. The value appears strong and on an upward trend. It has increased from 70.00 Cr. (Mar 2024) to ₹81.00 Cr., marking an increase of 11.00 Cr..
For Investments, as of Sep 2024, the value is ₹908.00 Cr.. The value appears strong and on an upward trend. It has increased from 726.00 Cr. (Mar 2024) to ₹908.00 Cr., marking an increase of 182.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹9,996.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,726.00 Cr. (Mar 2024) to ₹9,996.00 Cr., marking an increase of 1,270.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹11,010.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,547.00 Cr. (Mar 2024) to ₹11,010.00 Cr., marking an increase of 1,463.00 Cr..

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-80	-184	-267	-281	-164	-386	-468	196	-578	-805	-1,426	-1,366
Cash from Investing Activity +	4	0	-2	-3	-4	-49	14	4	-199	-820	-304	50
Cash from Financing Activity +	123	200	303	251	34	438	802	448	719	923	1,684	1,290
Net Cash Flow	48	16	34	-32	-134	3	348	648	-59	-702	-46	-26

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-563.00	-761.00	61.00	81.00	91.00	117.00	136.00	173.00	140.00	128.00	203.00	285.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
ROE %	56%	49%	44%	45%	32%	20%	18%	18%	13%	13%	14%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	73.60%	73.62%	73.64%	73.71%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	66.63%
FIIs	1.66%	1.62%	1.53%	1.54%	1.54%	1.53%	1.59%	1.59%	2.01%	1.63%	1.79%	3.58%
DIIs	10.03%	9.95%	9.46%	9.39%	10.21%	11.04%	11.01%	10.58%	8.57%	8.43%	14.42%	20.41%
Public	14.71%	14.81%	15.37%	15.36%	14.53%	13.70%	13.68%	14.10%	15.69%	16.21%	10.06%	9.38%
No. of Shareholders	25,843	27,734	30,497	29,681	25,816	25,761	24,767	23,837	28,999	31,514	44,544	45,415

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Axis ELSS Tax Saver Fund	1,454,666	0.37	122.71	1,454,666	2025-04-22 17:25:26	0%
Axis Small Cap Fund	1,216,254	0.57	102.6	1,216,254	2025-04-22 17:25:26	0%
Bandhan Sterling Value Fund	755,000	0.99	66.2	755,000	2025-04-22 17:25:26	0%
Bandhan ELSS Tax Saver Fund	660,000	1.15	57.87	660,000	2025-04-22 17:25:26	0%
Bandhan Small Cap Fund	189,436	0.75	16.61	189,436	2025-04-22 17:25:26	0%
Bandhan Core Equity Fund	110,322	0.33	9.67	110,322	2025-04-22 17:25:26	0%
LIC MF Banking & Financial Services Fund	70,190	2.03	5.92	70,190	2025-04-22 17:25:26	0%
Motilal Oswal Nifty Microcap 250 Index Fund	15,730	0.23	1.33	15,730	2025-04-22 17:25:26	0%
Groww Nifty Total Market Index Fund	40	0.01	0	40	2025-04-22 17:25:27	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	15.31	37.18	29.14	26.41	30.62
Diluted EPS (Rs.)	15.31	37.18	29.14	26.41	30.62
Cash EPS (Rs.)	15.75	38.15	29.86	27.09	31.27
Book Value[Excl.RevalReserv]/Share (Rs.)	110.90	282.57	245.12	219.57	184.06
Book Value[Incl.RevalReserv]/Share (Rs.)	110.90	282.57	245.12	219.57	184.06
Revenue From Operations / Share (Rs.)	78.00	180.72	126.26	114.70	129.82
PBDIT / Share (Rs.)	60.41	140.94	101.94	88.45	96.85
PBIT / Share (Rs.)	60.15	140.44	101.56	87.98	96.33
PBT / Share (Rs.)	20.71	49.70	39.60	35.85	42.13
Net Profit / Share (Rs.)	15.49	37.65	29.48	26.62	30.75
NP After MI And SOA / Share (Rs.)	15.31	37.19	29.14	26.41	30.62
PBDIT Margin (%)	77.44	77.98	80.73	77.11	74.60
PBIT Margin (%)	77.11	77.71	80.43	76.70	74.20
PBT Margin (%)	26.55	27.49	31.36	31.25	32.44
Net Profit Margin (%)	19.85	20.83	23.34	23.21	23.68
NP After MI And SOA Margin (%)	19.62	20.57	23.08	23.02	23.58
Return on Networth / Equity (%)	14.08	13.38	12.09	12.23	16.96
Return on Capital Employeed (%)	53.60	31.47	29.16	29.18	45.19
Return On Assets (%)	2.62	2.53	2.52	2.65	3.47
Long Term Debt / Equity (X)	0.00	0.57	0.37	0.31	0.06
Total Debt / Equity (X)	4.17	4.04	3.37	2.98	2.83
Asset Turnover Ratio (%)	0.14	0.13	0.11	0.11	0.15
Current Ratio (X)	1.22	1.42	1.41	1.41	1.30
Quick Ratio (X)	1.22	1.42	1.41	1.41	1.30
Dividend Payout Ratio (NP) (%)	10.55	9.54	9.43	0.00	37.87
Dividend Payout Ratio (CP) (%)	10.38	9.41	9.31	0.00	37.24
Earning Retention Ratio (%)	89.45	90.46	90.57	0.00	62.13
Cash Earning Retention Ratio (%)	89.62	90.59	90.69	0.00	62.76
Interest Coverage Ratio (X)	1.53	1.55	1.65	1.70	1.79
Interest Coverage Ratio (Post Tax) (X)	1.39	1.41	1.48	1.51	1.57
Enterprise Value (Cr.)	11246.27	9742.34	6514.05	7182.04	4644.95
EV / Net Operating Revenue (X)	8.79	9.86	9.44	11.45	6.55
EV / EBITDA (X)	11.35	12.65	11.69	14.85	8.77
MarketCap / Net Operating Revenue (X)	3.65	4.45	4.24	7.45	4.05
Retention Ratios (%)	89.44	90.45	90.56	0.00	62.12
Price / BV (X)	2.62	2.89	2.22	3.96	2.92
Price / Net Operating Revenue (X)	3.65	4.45	4.24	7.45	4.05
EarningsYield	0.05	0.04	0.05	0.03	0.05

After reviewing the key financial ratios for MAS Financial Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 15.31. This value is within the healthy range. It has decreased from 37.18 (Mar 23) to 15.31, marking a decrease of 21.87.
For Diluted EPS (Rs.), as of Mar 24, the value is 15.31. This value is within the healthy range. It has decreased from 37.18 (Mar 23) to 15.31, marking a decrease of 21.87.
For Cash EPS (Rs.), as of Mar 24, the value is 15.75. This value is within the healthy range. It has decreased from 38.15 (Mar 23) to 15.75, marking a decrease of 22.40.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 110.90. It has decreased from 282.57 (Mar 23) to 110.90, marking a decrease of 171.67.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 110.90. It has decreased from 282.57 (Mar 23) to 110.90, marking a decrease of 171.67.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 78.00. It has decreased from 180.72 (Mar 23) to 78.00, marking a decrease of 102.72.
For PBDIT / Share (Rs.), as of Mar 24, the value is 60.41. This value is within the healthy range. It has decreased from 140.94 (Mar 23) to 60.41, marking a decrease of 80.53.
For PBIT / Share (Rs.), as of Mar 24, the value is 60.15. This value is within the healthy range. It has decreased from 140.44 (Mar 23) to 60.15, marking a decrease of 80.29.
For PBT / Share (Rs.), as of Mar 24, the value is 20.71. This value is within the healthy range. It has decreased from 49.70 (Mar 23) to 20.71, marking a decrease of 28.99.
For Net Profit / Share (Rs.), as of Mar 24, the value is 15.49. This value is within the healthy range. It has decreased from 37.65 (Mar 23) to 15.49, marking a decrease of 22.16.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 15.31. This value is within the healthy range. It has decreased from 37.19 (Mar 23) to 15.31, marking a decrease of 21.88.
For PBDIT Margin (%), as of Mar 24, the value is 77.44. This value is within the healthy range. It has decreased from 77.98 (Mar 23) to 77.44, marking a decrease of 0.54.
For PBIT Margin (%), as of Mar 24, the value is 77.11. This value exceeds the healthy maximum of 20. It has decreased from 77.71 (Mar 23) to 77.11, marking a decrease of 0.60.
For PBT Margin (%), as of Mar 24, the value is 26.55. This value is within the healthy range. It has decreased from 27.49 (Mar 23) to 26.55, marking a decrease of 0.94.
For Net Profit Margin (%), as of Mar 24, the value is 19.85. This value exceeds the healthy maximum of 10. It has decreased from 20.83 (Mar 23) to 19.85, marking a decrease of 0.98.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 19.62. This value is within the healthy range. It has decreased from 20.57 (Mar 23) to 19.62, marking a decrease of 0.95.
For Return on Networth / Equity (%), as of Mar 24, the value is 14.08. This value is below the healthy minimum of 15. It has increased from 13.38 (Mar 23) to 14.08, marking an increase of 0.70.
For Return on Capital Employeed (%), as of Mar 24, the value is 53.60. This value is within the healthy range. It has increased from 31.47 (Mar 23) to 53.60, marking an increase of 22.13.
For Return On Assets (%), as of Mar 24, the value is 2.62. This value is below the healthy minimum of 5. It has increased from 2.53 (Mar 23) to 2.62, marking an increase of 0.09.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.57 (Mar 23) to 0.00, marking a decrease of 0.57.
For Total Debt / Equity (X), as of Mar 24, the value is 4.17. This value exceeds the healthy maximum of 1. It has increased from 4.04 (Mar 23) to 4.17, marking an increase of 0.13.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.14. It has increased from 0.13 (Mar 23) to 0.14, marking an increase of 0.01.
For Current Ratio (X), as of Mar 24, the value is 1.22. This value is below the healthy minimum of 1.5. It has decreased from 1.42 (Mar 23) to 1.22, marking a decrease of 0.20.
For Quick Ratio (X), as of Mar 24, the value is 1.22. This value is within the healthy range. It has decreased from 1.42 (Mar 23) to 1.22, marking a decrease of 0.20.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 10.55. This value is below the healthy minimum of 20. It has increased from 9.54 (Mar 23) to 10.55, marking an increase of 1.01.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.38. This value is below the healthy minimum of 20. It has increased from 9.41 (Mar 23) to 10.38, marking an increase of 0.97.
For Earning Retention Ratio (%), as of Mar 24, the value is 89.45. This value exceeds the healthy maximum of 70. It has decreased from 90.46 (Mar 23) to 89.45, marking a decrease of 1.01.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.62. This value exceeds the healthy maximum of 70. It has decreased from 90.59 (Mar 23) to 89.62, marking a decrease of 0.97.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.53. This value is below the healthy minimum of 3. It has decreased from 1.55 (Mar 23) to 1.53, marking a decrease of 0.02.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.39. This value is below the healthy minimum of 3. It has decreased from 1.41 (Mar 23) to 1.39, marking a decrease of 0.02.
For Enterprise Value (Cr.), as of Mar 24, the value is 11,246.27. It has increased from 9,742.34 (Mar 23) to 11,246.27, marking an increase of 1,503.93.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 8.79. This value exceeds the healthy maximum of 3. It has decreased from 9.86 (Mar 23) to 8.79, marking a decrease of 1.07.
For EV / EBITDA (X), as of Mar 24, the value is 11.35. This value is within the healthy range. It has decreased from 12.65 (Mar 23) to 11.35, marking a decrease of 1.30.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.65. This value exceeds the healthy maximum of 3. It has decreased from 4.45 (Mar 23) to 3.65, marking a decrease of 0.80.
For Retention Ratios (%), as of Mar 24, the value is 89.44. This value exceeds the healthy maximum of 70. It has decreased from 90.45 (Mar 23) to 89.44, marking a decrease of 1.01.
For Price / BV (X), as of Mar 24, the value is 2.62. This value is within the healthy range. It has decreased from 2.89 (Mar 23) to 2.62, marking a decrease of 0.27.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.65. This value exceeds the healthy maximum of 3. It has decreased from 4.45 (Mar 23) to 3.65, marking a decrease of 0.80.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 23) to 0.05, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MAS Financial Services Ltd as of April 25, 2025 is: 281.27

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 25, 2025, MAS Financial Services Ltd is Overvalued by 0.96% compared to the current share price 284.00

Intrinsic Value of MAS Financial Services Ltd as of April 25, 2025 is: 320.06

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, MAS Financial Services Ltd is Undervalued by 12.70% compared to the current share price 284.00

Last 5 Year EPS CAGR: 13.79%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in MAS Financial Services Ltd:
1. Net Profit Margin: 19.85%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 53.6% (Industry Average ROCE: 18.78%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.08% (Industry Average ROE: 17.28%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.39
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.22
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 17.3 (Industry average Stock P/E: 89.57)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 4.17
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Mas Financial Services Ltd. is a Public Limited Listed company incorporated on 25/05/1995 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L65910GJ1995PLC026064 and registration number is 026064. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 1217.15 Cr. and Equity Capital is Rs. 163.99 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	6, Ground Floor, Narayan Chambers, Ahmedabad Gujarat 380009	greivance@mas.co.in http://www.mas.co.in

Management
Name	Position Held
Mr. Kamlesh C Gandhi	Chairman & Managing Director
Mrs. Darshana S Pandya	Director & CEO
Mr. Dhvanil K Gandhi	Whole Time Director
Mr. Narayanan Sadanandan	Ind. Non-Executive Director
Mr. Umesh R Shah	Ind. Non-Executive Director
Mrs. Daksha N Shah	Ind. Non-Executive Director
Mr. Vishal Vasu	Ind. Non-Executive Director

FAQ

What is the intrinsic value of MAS Financial Services Ltd?

MAS Financial Services Ltd's intrinsic value (as of 24 April 2025) is ₹281.27 — 0.96% lower the current market price of 284.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,146 Cr. market cap, FY2025-2026 high/low of ₹332/220, reserves of 2,237 Cr, and liabilities of 11,010 Cr.

What is the Market Cap of MAS Financial Services Ltd?

The Market Cap of MAS Financial Services Ltd is 5,146 Cr..

What is the current Stock Price of MAS Financial Services Ltd as on 24 April 2025?

The current stock price of MAS Financial Services Ltd as on 24 April 2025 is 284.

What is the High / Low of MAS Financial Services Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of MAS Financial Services Ltd stocks is ₹332/220.

What is the Stock P/E of MAS Financial Services Ltd?

The Stock P/E of MAS Financial Services Ltd is 17.3.

What is the Book Value of MAS Financial Services Ltd?

The Book Value of MAS Financial Services Ltd is 133.

What is the Dividend Yield of MAS Financial Services Ltd?

The Dividend Yield of MAS Financial Services Ltd is 0.53 %.

What is the ROCE of MAS Financial Services Ltd?

The ROCE of MAS Financial Services Ltd is 11.7 %.

What is the ROE of MAS Financial Services Ltd?

The ROE of MAS Financial Services Ltd is 15.2 %.

What is the Face Value of MAS Financial Services Ltd?

The Face Value of MAS Financial Services Ltd is 10.0.