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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of MAS Financial Services Ltd

About the Company - MAS Financial Services Ltd

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. 655.94 Cr. and Equity Capital is Rs. 54.66 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)6, Ground Floor, Narayan Chambers, Ahmedabad Gujarat 380009greivance@mas.co.in
http://www.mas.co.in
Management
NamePosition Held
Mr. Kamlesh C GandhiChairman & Managing Director
Mrs. Darshana S PandyaDirector & CEO
Mr. Balabhaskaran N NairInd. Non-Executive Director
Mr. Chetan R ShahInd. Non-Executive Director
Mr. Umesh R ShahInd. Non-Executive Director
Mrs. Daksha N ShahInd. Non-Executive Director
Mr. Narayanan SadanandanInd. Non-Executive Director

Basic Stock Data of MAS Financial Services Ltd

Last Updated: June 12, 2024, 12:58 pm

Market Cap 4,969 Cr.
Current Price 303
High / Low388/247
Stock P/E19.8
Book Value 109
Dividend Yield0.40 %
ROCE11.7 %
ROE15.2 %
Face Value 10.0
PEG Ratio3.22

Competitors of MAS Financial Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Paisalo Digital Ltd 6,195 Cr. 69.099.6/21.034.7 14.80.08 %14.1 %14.3 % 1.00
Nalwa Sons Investments Ltd 1,788 Cr. 3,4783,880/2,19131.8 24,5420.00 %0.73 %0.55 % 10.0
Siel Financial Services Ltd 42.0 Cr. 37.137.1/8.40 4.790.00 %400 %% 10.0
Cholamandalam Investment & Finance Company Ltd 1,14,313 Cr. 1,3611,369/99733.4 2330.15 %10.4 %20.2 % 2.00
Dalal Street Investments Ltd 15.2 Cr. 475615/227127 1660.00 %2.52 %2.39 % 10.0
Industry Average24,470.64 Cr1,084.0245.384,992.120.05%85.55%7.49%6.60

MAS Financial Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales150147156165180192205241261281292310340
Expenses32313131373545565960657682
Operating Profit118116125135143157160185202221227235258
OPM %79%79%80%81%79%82%78%77%78%79%78%76%76%
Other Income0000000011032
Interest69667581889597116133150150154172
Depreciation1110011111111
Profit before tax49505053556262686972778387
Tax %25%27%26%26%26%25%26%25%25%21%25%25%26%
Net Profit36363740414646515257586264
EPS in Rs2.202.222.232.392.482.782.773.063.133.433.473.733.88

Last Updated: June 11, 2024, 3:02 am

MAS Financial Services Ltd Quarterly Chart

MAS Financial Services Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1161431852383093654776057106276909891,145
Expenses414455628292118138175143132218260
Operating Profit7599130176227273358466535485558771885
OPM %65%69%70%74%73%75%75%77%75%77%81%78%77%
Other Income-0000-0-0-2-2-30115
Interest465780113142165187225299286340498586
Depreciation1111112233233
Profit before tax2941506284106168238230196217272301
Tax %30%32%33%34%35%35%37%35%27%26%26%24%
Net Profit202733415569105155168146161206228
EPS in Rs20.1327.3120.3824.9933.8715.9519.2428.0930.6226.4129.1337.1841.28
Dividend Payout %11%13%17%19%20%20%19%18%26%6%10%10%

MAS Financial Services Ltd Profit & Loss Yearly Chart

MAS Financial Services Ltd Growth

Compounded Sales Growth
10 Years:21%
5 Years:16%
3 Years:27%
TTM:29%
Compounded Profit Growth
10 Years:23%
5 Years:10%
3 Years:20%
TTM:24%
Stock Price CAGR
10 Years:%
5 Years:8%
3 Years:0%
1 Year:18%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:14%
Last Year:15%

Last Updated: June 3, 2024, 3:44 pm

MAS Financial Services Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101616164355555555555555
Reserves344561881222417258619321,1251,2951,4641,590
Preference Capital834343434547000000
Borrowings3845647731,0811,3581,2641,4552,2732,7963,5134,4396,1286,966
Other Liabilities1771832833874506526658011,037737519368339
Total Liabilities6048021,1331,5721,9472,2002,8983,9904,8205,4306,3098,0148,949
Fixed Assets66648958131512141722
CWIP0000000464850525861
Investments000000005202493791794
Other Assets5987961,1271,5671,9382,1912,8403,9324,7525,1665,7507,1488,072
Total Assets6048021,1331,5721,9472,2002,8983,9904,8205,4306,3098,0148,949

MAS Financial Services Ltd Reserves and Borrowings Chart

MAS Financial Services Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -18-80-184-267-281-164-386-468196-578-805-1,488
Cash from Investing Activity 240-2-3-4-49144-199-820-242
Cash from Financing Activity 60123200303251344388024487199231,684
Net Cash Flow44481634-32-1343348648-59-702-46

MAS Financial Services Ltd Financial Efficiency Indicators

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

MAS Financial Services Ltd Financial Efficiency Indicators Chart

MAS Financial Services Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters73.60%73.60%73.60%73.60%73.62%73.64%73.71%73.72%73.72%73.72%73.72%73.72%
FIIs1.52%1.58%1.64%1.66%1.62%1.53%1.54%1.54%1.53%1.59%1.59%2.01%
DIIs11.01%10.61%10.48%10.03%9.95%9.46%9.39%10.21%11.04%11.01%10.58%8.57%
Public13.87%14.21%14.28%14.71%14.81%15.37%15.36%14.53%13.70%13.68%14.10%15.69%
No. of Shareholders22,58223,89923,54425,84327,73430,49729,68125,81625,76124,76723,83728,999

MAS Financial Services Ltd Shareholding Pattern Chart

No. of MAS Financial Services Ltd Shareholders

MAS Financial Services Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis ELSS Tax Saver Fund1,454,6660.37122.71189,4362024-06-11667.89%
Axis Small Cap Fund1,216,2540.57102.6189,4362024-06-11542.04%
Bandhan Sterling Value Fund755,0000.9966.2189,4362024-06-11298.55%
Bandhan ELSS Tax Saver Fund660,0001.1557.87189,4362024-06-11248.4%
Bandhan Small Cap Fund189,4360.7516.61189,4362024-06-110%
Bandhan Core Equity Fund110,3220.339.67189,4362024-06-11-41.76%
LIC MF Banking & Financial Services Fund70,1902.035.92189,4362024-06-11-62.95%
Motilal Oswal Nifty Microcap 250 Index Fund15,7300.231.33189,4362024-06-11-91.7%
Groww Nifty Total Market Index Fund400.010189,4362024-06-11-99.98%

MAS Financial Services Ltd ROCE Trend

MAS Financial Services Ltd EPS Trend

MAS Financial Services Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.3137.1829.1426.4130.62
Diluted EPS (Rs.)15.3137.1829.1426.4130.62
Cash EPS (Rs.)15.7538.1529.8627.0931.27
Book Value[Excl.RevalReserv]/Share (Rs.)110.90282.57245.12219.57184.06
Book Value[Incl.RevalReserv]/Share (Rs.)110.90282.57245.12219.57184.06
Revenue From Operations / Share (Rs.)78.00180.72126.26114.70129.82
PBDIT / Share (Rs.)60.41140.94101.9488.4596.85
PBIT / Share (Rs.)60.15140.44101.5687.9896.33
PBT / Share (Rs.)20.7149.7039.6035.8542.13
Net Profit / Share (Rs.)15.4937.6529.4826.6230.75
NP After MI And SOA / Share (Rs.)15.3137.1929.1426.4130.62
PBDIT Margin (%)77.4477.9880.7377.1174.60
PBIT Margin (%)77.1177.7180.4376.7074.20
PBT Margin (%)26.5527.4931.3631.2532.44
Net Profit Margin (%)19.8520.8323.3423.2123.68
NP After MI And SOA Margin (%)19.6220.5723.0823.0223.58
Return on Networth / Equity (%)14.0813.3812.0912.2316.96
Return on Capital Employeed (%)53.6031.4729.1629.1845.19
Return On Assets (%)2.622.532.522.653.47
Long Term Debt / Equity (X)0.000.570.370.310.06
Total Debt / Equity (X)4.174.043.372.982.83
Asset Turnover Ratio (%)0.140.130.110.110.15
Current Ratio (X)1.221.421.411.411.30
Quick Ratio (X)1.221.421.411.411.30
Dividend Payout Ratio (NP) (%)0.009.549.430.0037.87
Dividend Payout Ratio (CP) (%)0.009.419.310.0037.24
Earning Retention Ratio (%)0.0090.4690.570.0062.13
Cash Earning Retention Ratio (%)0.0090.5990.690.0062.76
Interest Coverage Ratio (X)1.531.551.651.701.79
Interest Coverage Ratio (Post Tax) (X)1.391.411.481.511.57
Enterprise Value (Cr.)11246.279742.346514.057182.044644.95
EV / Net Operating Revenue (X)8.799.869.4411.456.55
EV / EBITDA (X)11.3512.6511.6914.858.77
MarketCap / Net Operating Revenue (X)3.654.454.247.454.05
Retention Ratios (%)0.0090.4590.560.0062.12
Price / BV (X)2.622.892.223.962.92
Price / Net Operating Revenue (X)3.654.454.247.454.05
EarningsYield0.050.040.050.030.05

MAS Financial Services Ltd Profitability Ratios (%)

MAS Financial Services Ltd Liquidity Ratios

MAS Financial Services Ltd Liquidity Ratios (%)

MAS Financial Services Ltd Interest Coverage Ratios (%)

MAS Financial Services Ltd Valuation Ratios

Fair Value

Fair Value: 329.36

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.

Undervalued: 8.70% compared to the current price 303

Intrinsic Value: 349.64

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 15.39% compared to the current price ₹303

Last 5 Year EPS CAGR: 6.16%

*Investments are subject to market risks

Strength and Weakness of MAS Financial Services Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of MAS Financial Services Ltd?

The latest fair value of MAS Financial Services Ltd is ₹329.36.

What is the Market Cap of MAS Financial Services Ltd?

The Market Cap of MAS Financial Services Ltd is 4,969 Cr..

What is the current Stock Price of MAS Financial Services Ltd as on 13 June 2024?

The current stock price of MAS Financial Services Ltd as on 13 June 2024 is ₹303.

What is the High / Low of MAS Financial Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of MAS Financial Services Ltd stocks is 388/247.

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

The Stock P/E of MAS Financial Services Ltd is 19.8.

What is the Book Value of MAS Financial Services Ltd?

The Book Value of MAS Financial Services Ltd is 109.

What is the Dividend Yield of MAS Financial Services Ltd?

The Dividend Yield of MAS Financial Services Ltd is 0.40 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in MAS Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE