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MAS Financial Services Limited (MASFIN.NS)
Ahmedabad, IN
MAS Financial Services Limited operates as an Indian non-banking financial corporation, specializing in the provision of retail financing solutions. Its comprehensive product portfolio includes financial assistance for micro and small-to-medium enterprises, along with loans for two-wheelers, commercial vehicles, salaried individuals, pre-owned cars, and agricultural tractors. Additionally, it extends housing finance and provides credit facilities to other microfinance institutions and non-banking financial entities. By March 31, 2022, the company had established a significant operational footprint, reaching around 4,438 customer touchpoints via its 125 branches spread across various urban and semi-urban centers in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, Karnataka, and the Delhi National Capital Region. MAS Financial Services primarily caters to individuals in the low- and middle-income brackets, alongside micro, small, and medium-sized businesses. Founded in 1995, MAS Financial Services Limited is headquartered in Ahmedabad, India.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.68% | -2.90% | +8.48% | -0.43% | +8.64% | +3.40% | +24.66% | +36.42% | +20.22% | +53.39% | +53.39% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 6 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Financial - Credit Services: +13.2%+38.6% ★ Q1'26: +111.2% (vs Q1'25)
-
EPS growth Financial - Credit Services: +24.0%+17.1% Q1'26: +25.1% (vs Q1'25)
-
FCF margin FCF growth · Financial - Credit Services: +70.9%-100.8% Q1'26: -218.6% (vs Q1'25)
-
EBIT margin Financial - Credit Services: +28.7%+25.4% Q1'26: +26.1% (vs Q1'25)
-
ROIC Financial - Credit Services: +5.0%+2.7% Q1'26: +3.0% (vs Q1'25)
-
Share dilution Financial - Credit Services: +0.0%+2.2% Q1'26: 0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Financial - Credit Services: 4.07×22.69× Q1'26: 20.62× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 5 Rev. Ana. 3 EPS Ana. |
Mar 2027 4 Rev. Ana. 3 EPS Ana. |
Mar 2028 5 Rev. Ana. 3 EPS Ana. |
Mar 2029 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
3.84B
est: 2.88B (+33.6%)
|
4.89B
est: 4.72B (+3.7%)
|
5.77B
est: 4.16B (+38.6%)
|
4.91B
est: 3.36B (+46.3%)
|
5.66B
est: 3.38B (+67.6%)
|
7.75B
est: 4.74B (+63.4%)
|
10.08B
est: 6.31B (+59.8%)
|
12.70B
est: 7.72B (+64.4%)
|
10.04B
9.33B – 10.28B
+29.9% YoY
|
12.51B
12.12B – 12.86B
+24.6% YoY
|
15.21B
14.50B – 16.40B
+21.6% YoY
|
19.04B
18.89B – 19.19B
+25.2% YoY
|
| EBITDA |
2.13B
est: 1.15B (+85.9%)
|
2.84B
est: 2.57B (+10.3%)
|
2.82B
est: 2.65B (+6.8%)
|
2.34B
est: 1.34B (+75.0%)
|
2.48B
est: 2.89B (-13.9%)
|
3.11B
est: 3.16B (-1.6%)
|
3.44B
est: 2.24B (+53.7%)
|
4.27B
est: 2.74B (+55.8%)
|
3.56B
3.31B – 3.65B
+29.9% YoY
|
4.44B
4.31B – 4.56B
+24.6% YoY
|
5.40B
5.15B – 5.82B
+21.6% YoY
|
6.76B
6.71B – 6.81B
+25.2% YoY
|
| EBIT |
2.12B
est: 1.14B (+86.5%)
|
2.82B
est: 2.59B (+9.0%)
|
2.80B
est: 2.66B (+5.1%)
|
2.32B
est: 1.32B (+75.0%)
|
2.46B
est: 2.83B (-13.1%)
|
3.08B
est: 3.10B (-0.7%)
|
3.40B
est: 2.22B (+53.5%)
|
4.22B
est: 2.71B (+55.5%)
|
3.52B
3.28B – 3.61B
+29.9% YoY
|
4.39B
4.26B – 4.51B
+24.6% YoY
|
5.34B
5.09B – 5.76B
+21.6% YoY
|
6.68B
6.63B – 6.74B
+25.2% YoY
|
| Net Income |
1.04B
est: 1.44B (-27.7%)
|
1.54B
est: 1.59B (-3.6%)
|
1.67B
est: 1.70B (-1.7%)
|
1.44B
est: 1.59B (-9.3%)
|
1.59B
est: 1.72B (-7.2%)
|
2.03B
est: 2.34B (-13.2%)
|
2.51B
|
3.10B
est: 3.06B (+1.4%)
|
3.71B
3.49B – 3.94B
+21.2% YoY
|
4.43B
4.24B – 4.79B
+19.2% YoY
|
5.50B
5.17B – 5.84B
+24.3% YoY
|
7.02B
6.34B – 7.17B
+27.6% YoY
|
| SGA |
138.81M
est: 58.63M (+136.7%)
|
133.38M
est: 644.76M (-79.3%)
|
129.46M
est: 840.55M (-84.6%)
|
85.47M
est: 592.63M (-85.6%)
|
101.90M
est: 68.83M (+48.0%)
|
148.20M
est: 763.45M (-80.6%)
|
246.50M
est: 106.62M (+131.2%)
|
291.10M
est: 130.50M (+123.1%)
|
169.58M
157.68M – 173.78M
+29.9% YoY
|
211.34M
204.88M – 217.24M
+24.6% YoY
|
256.93M
245.10M – 277.16M
+21.6% YoY
|
321.73M
319.25M – 324.21M
+25.2% YoY
|
| EPS |
21.27
est: 8.13 (+161.5%)
|
9.36
est: 9.30 (+0.7%)
|
10.21
est: 10.42 (-2.0%)
|
8.80
est: 8.97 (-1.9%)
|
9.71
est: 9.67 (+0.4%)
|
12.40
est: 12.33 (+0.6%)
|
15.31
|
17.48
est: 16.88 (+3.6%)
|
20.24
19.21 – 21.71
+19.9% YoY
|
24.62
23.37 – 26.40
+21.6% YoY
|
30.00
28.47 – 32.17
+21.8% YoY
|
36.83
34.96 – 39.50
+22.8% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-30 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.02% | 154.3K | 0.65% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Kamlesh Chimanlal Gandhi | Founder, Chairman & MD | 76M | male |
| Darshana Saumil Pandya | CEO & Executive Director | 13M | female |
| Dhvanil K. Gandhi | Executive Director | 6M | male |
| Riddhi Bhaveshbhai Bhayani | Company Secretary & Compliance Officer | 749.5K | female |
| Rajen S. Shah | Chief Technology Officer | — | male |
| Saumil Dipakbhai Pandya | President & Head of Retail Assets | — | male |
| Ankit T. Jain | Chief Financial Officer | — | male |
| Sunil J. Shah | Head of portfolio | — | male |
| Bhavesh D. Patel | Head of Accounts | — | male |
| Hitesh Ganatra | Head of Human Resource Development | — | male |
| Nishant Jain | Chief Risk Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for MASFIN.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
