MAS Financial Services Limited
NSE: MASFIN · Non Banking Financial Company (NBFC)
Snapshot
Unlock MAS Financial Services Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
MAS Financial Services Limited is a non-banking financial company (NBFC) that provides retail financing solutions to low- and middle-income individuals and micro, small, and medium enterprises. Its diverse product portfolio includes loans for two-wheelers, commercial vehicles, tractors, housing, and personal needs, alongside wholesale lending to other financial institutions.
Business Model
The company generates revenue primarily through interest income earned on its diverse retail and wholesale loan portfolios. It operates through a hub-and-spoke model, leveraging a network of branches and customer locations to reach underserved segments across multiple Indian states.
- Customer Locations:4,438
- Branch Network:125
Growth Outlook
Growth is driven by the expansion of its retail financing footprint into new geographies and the deepening of its presence in existing markets. The company continues to focus on its core segments of MSME and retail lending to capture demand from underserved customer tiers.
Key Risks
- Credit Risk. The company is exposed to potential defaults from its low- and middle-income borrower base, which may be sensitive to economic downturns.
- Interest Rate Risk. Fluctuations in interest rates can impact the company's net interest margins and the cost of borrowing from banks and other financial institutions.
- Regulatory Risk. As an NBFC, the company is subject to evolving regulatory frameworks and compliance requirements set by the Reserve Bank of India.
- Geographic Concentration. A significant portion of operations is concentrated in specific Indian states, making the company vulnerable to regional economic or political instability.
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Key Metrics
REVENUE
₹2,201 Cr
TTM · consolidated
NET PROFIT
₹423 Cr
TTM · consolidated
EPS
₹22.99
TTM · consolidated
RETURN ON EQUITY
14.0%
TTM · consolidated
P/E
10.9×
Q2 FY27 · consolidated
NET PROFIT MARGIN
19.5%
Q2 FY27 · consolidated
Peers · Non Banking Financial Company (NBFC)
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
MAS Financial Services LimitedMASFIN | ₹4,555 Cr | 10.9× | — | 22.7% | — | 14.0% | — | -17.8% |
Mrugesh TradingMRUTR | ₹5,963 Cr | -52.6× | — | -2.2% | — | -0.2% | — | +4027.0% |
Fedbank Financial Services LimitedFEDFINA | ₹5,594 Cr | 12.8× | — | 21.3% | — | 14.8% | — | +5.3% |
SG FinserveSGFIN | ₹4,515 Cr | 22.5× | — | 104.6% | — | 14.0% | — | +76.3% |
Northern Arc Capital LtdNORTHARC | ₹4,141 Cr | 9.4× | — | 21.1% | — | 12.0% | — | -6.0% |
Aye FinanceAYE | ₹3,205 Cr | 10.3× | — | — | — | 10.8% | — | — |
As of Q2 FY27
Financials
MAS Financial Services Limited
NSE: MASFIN · Non Banking Financial Company (NBFC)
Snapshot
Unlock MAS Financial Services Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
MAS Financial Services Limited is a non-banking financial company (NBFC) that provides retail financing solutions to low- and middle-income individuals and micro, small, and medium enterprises. Its diverse product portfolio includes loans for two-wheelers, commercial vehicles, tractors, housing, and personal needs, alongside wholesale lending to other financial institutions.
Business Model
The company generates revenue primarily through interest income earned on its diverse retail and wholesale loan portfolios. It operates through a hub-and-spoke model, leveraging a network of branches and customer locations to reach underserved segments across multiple Indian states.
- Customer Locations:4,438
- Branch Network:125
Growth Outlook
Growth is driven by the expansion of its retail financing footprint into new geographies and the deepening of its presence in existing markets. The company continues to focus on its core segments of MSME and retail lending to capture demand from underserved customer tiers.
Key Risks
- Credit Risk. The company is exposed to potential defaults from its low- and middle-income borrower base, which may be sensitive to economic downturns.
- Interest Rate Risk. Fluctuations in interest rates can impact the company's net interest margins and the cost of borrowing from banks and other financial institutions.
- Regulatory Risk. As an NBFC, the company is subject to evolving regulatory frameworks and compliance requirements set by the Reserve Bank of India.
- Geographic Concentration. A significant portion of operations is concentrated in specific Indian states, making the company vulnerable to regional economic or political instability.
Start your research today
Unlock AI insights, financials, peers and live data on MAS Financial Services Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹2,201 Cr
TTM · consolidated
NET PROFIT
₹423 Cr
TTM · consolidated
EPS
₹22.99
TTM · consolidated
RETURN ON EQUITY
14.0%
TTM · consolidated
P/E
10.9x
Q2 FY27 · consolidated
NET PROFIT MARGIN
19.5%
Q2 FY27 · consolidated
Peers · Non Banking Financial Company (NBFC)
As of Q2 FY27