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Master Trust Ltd (MASTERTR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511768 NSE: MASTERTR Finance - NBFC | Small Cap | Master Trust Share Price
₹81.31 -0.24 (-0.29%)
As on 13-Oct'26 16:59
Master Trust Ltd (MASTERTR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511768 NSE: MASTERTR Finance - NBFC | Small Cap | Master Trust Share Price
₹81.31 -0.24 (-0.29%)
As on 13-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,003 Cr.
Current Price
₹81.3
52-Week Low / High
₹56 / 148
TTM EPS
₹10.9
Book Value per Share
₹69.2
P/E Ratio
7.51
Lower than its 5-year historical median
Industry PE
24.8
Price to Book (P/B)
1.18
Lower than its 5-year historical median
EV/EBITDA
-2.41
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
17.57%
Outperforms industry median
Return on Capital Employed (ROCE)
23.90%
Outperforms industry median
Return on Assets (ROA)
6.01%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Improving versus 3-year growth rate
64.17%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
21.43%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹326 Cr.
Reserves
₹839 Cr.
Equity
₹12.3 Cr.
Face Value
₹1
All Time Low / High
₹0.05 / 207.00
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Master Trust Ltd a good quality company?
Master Trust Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does Master Trust Ltd performance compare with that of its Peers?
AUM Growth of Master Trust Ltd vs Industry Peers?
Master Trust Ltd AUM CAGR is 23.34%, compared to the 5-year industry median CAGR of 10.15%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Master Trust Ltd?
Promoters hold 71.93% of the Master Trust Ltd, with 16.95% of their stake pledged, indicating high pledge risk.
Stock return of Master Trust Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 39.2% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Master Trust Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 5.8 | 18.6 | 8.3 | 7.7 | 14 | 11.8 | 10.2 | 19.9 | 18.8 | 24.8 | 25 | |
| YoY Gr. Rt. % | - | 220% | -55.4% | -7.4% | 81.6% | -15.7% | -13.7% | 95.9% | -5.3% | 31.5% | - | |
| Adj EPS (₹ ) | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.5 | 0.5 | 0.8 | 0.7 | 1 | 1.1 | |
| YoY Gr. Rt. % | - | 240% | 0% | -58.8% | 128.6% | 218.8% | 2% | 46.2% | -14.5% | 52.3% | - | |
| BVPS (₹ ) | 6.9 | 7 | 16.3 | 16.9 | 20.1 | 23.2 | 28 | 35.8 | 48.7 | 59.1 | 59.4 | |
| YoY Gr. Rt. % | - | 0.9% | 133.3% | 3.5% | 19% | 15.4% | 20.8% | 27.7% | 36.1% | 21.4% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0.5 | 1.6 | 1 | 0.3 | 0.6 | 1.8 | 1.7 | 2 | 1.3 | 1.6 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 17.5% | 12.2% | 34.6% | 31.5% | ||||
| Adj EPS | 39.3% | 44% | 23.9% | 52.3% | ||||
| BVPS | 26.9% | 24.1% | 28.3% | 21.4% | ||||
| Share Price | 39.2% | 27.1% | 7.1% | -42.8% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 10.2 | 9.8 | 22.3 | 10.5 | 12.1 | 47.4 | 56 | 41.7 | 38.5 | 49.4 | 53.7 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0.8 | 2.4 | 1.5 | 0.5 | 0.8 | 2.4 | 2 | 2.4 | 1.6 | 1.9 | 1.9 | |
Valuation of Master Trust - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 1.72 | 2.95 | 6.43 | 6.78 | 6.78 | 16.95 | 16.95 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 111 | 162 | 135 | 136 | 226 | 331 | 339 | 501 | 584 | 576 |
| Exceptional Items ⓘ | 0 | 2 | 1 | 0 | 1 | 0 | 3 | 0 | 0 | 0 |
| Expenditure ⓘ + | 102 | 149 | 116 | 122 | 183 | 259 | 255 | 357 | 405 | 403 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 9 | 13 | 20 | 13 | 43 | 72 | 85 | 144 | 179 | 172 |
| Taxes ⓘ | 3 | 3 | 3 | 1 | 9 | 17 | 19 | 36 | 47 | 46 |
| Profit After Tax | 6 | 10 | 17 | 12 | 34 | 55 | 66 | 108 | 131 | 126 |
| Adjusted EPS (₹) | 0.5 | 0.9 | 1.5 | 1.1 | 3.2 | 5.1 | 6.1 | 9.9 | 11.7 | 10.2 |
| Dividend Payout Ratio (%) | 0% | 10.80% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 177 | 185 | 207 | 214 | 256 | 300 | 365 | 479 | 619 | 817 |
| Short term borrowings | 15 | 22 | 28 | 55 | 39 | 31 | 89 | 114 | 257 | 227 |
| Long Term Borrowings | 60 | 46 | 38 | 46 | 58 | 65 | 69 | 77 | 7 | 7 |
| Current Liabilities | 227 | 258 | 325 | 294 | 472 | 663 | 793 | 1,281 | 1,306 | 1,418 |
| Trade Payables | 199 | 213 | 250 | 197 | 401 | 602 | 667 | 1,033 | 933 | 987 |
| Other Liabilities | -213 | -235 | -278 | -252 | -439 | -633 | -755 | -1,122 | -1,171 | -1,214 |
| Total Liabilities ⓘ | 464 | 491 | 572 | 555 | 786 | 1,027 | 1,228 | 1,863 | 1,953 | 2,244 |
Assets | ||||||||||
| Non Current Asset + | 42 | 35 | 56 | 48 | 42 | 38 | 40 | 49 | 193 | 95 |
| Current Asset + | 423 | 456 | 515 | 507 | 744 | 989 | 1,188 | 1,814 | 1,760 | 2,149 |
| Total Assets ⓘ | 464 | 491 | 572 | 555 | 786 | 1,027 | 1,228 | 1,863 | 1,953 | 2,244 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 52 | -2 | 82 | 14 | -24 | -15 | 177 | 458 | -108 | 341 |
| Cash Flow From Investing Activity ⓘ | 2 | 7 | -18 | 19 | 12 | 6 | -164 | -493 | 54 | -325 |
| Cash Flow From Financing Activity ⓘ | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 25 | 89 | 26 |
| Net Cash Flow ⓘ | 54 | 5 | 62 | 33 | -13 | -9 | 13 | -10 | 35 | 43 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 5.40 | 9.20 | 15.30 | 5.70 | 15.80 | 25.40 | 30.30 | 49.70 | 11.70 | 10.20 |
| DPS (₹) | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 162.3 | 170.3 | 189.8 | 98.4 | 117.4 | 137.8 | 167.7 | 220.2 | 55.1 | 66.4 |
Performance Ratios | ||||||||||
| ROA (%) | 1.3 | 2.1 | 3.2 | 2.2 | 5.1 | 6.1 | 5.8 | 7.0 | 6.9 | 6.0 |
| ROE (%) | 3.4 | 5.6 | 8.6 | 5.9 | 14.7 | 19.9 | 19.8 | 25.6 | 23.9 | 17.6 |
| ROCE (%) | 9.5 | 12.7 | 12.4 | 10.5 | 18.6 | 28.7 | 25.4 | 32.9 | 30.2 | 23.9 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.2 | 0.5 | 0.2 | 0.1 | 0.4 | 0.9 | 0.7 | 3.3 | 2.3 | 0.9 |
Top 5 Mutual Funds Holding
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Announcements
Master Trust Ltd FAQs
The current trading price of Master Trust on 13-Oct-2026 16:59 is ₹81.31.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Oct-2026 the market cap of Master Trust stood at ₹1,003.2 Cr
The latest P/E ratio of Master Trust as of 12-Oct-2026 is 73.17.
The latest P/B ratio of Master Trust as of 12-Oct-2026 is 1.37.
The 52-week high of Master Trust is ₹148.0 and the 52-week low is ₹56.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Master Trust is ₹25.43 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Master Trust Ltd is a average quality company.
The key valuation ratios of Master Trust Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Master Trust Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Master Trust Ltd
Master Trust was incorporated on August 20, 1985. It is a private sector non banking financial company primarily involved in the business of forex and dealing in securities. The company earlier known as Arora Financial Consultants, got its present name on March 30, 1992.
The company operates under six verticals through its subsidiaries including equity and derivatives broking, commodity derivatives broking, insurance broking, depository services, merchant banking, distribution of financial products like mutual funds, and initial public offerings.
The company has its head office in Ludhiana, corporate office in Mumbai, and regional offices in New Delhi and Chandigarh. It has a pan-India presence through its branches. The registered office of the company is located at village Gobindgarh, Malout Road, Abohar-152116, Punjab.
Business area of the company
The company is actively involved in Merchant banking activities since inception and is providing the Merchant Banking services / Corporate services to various groups.
Subsidiaries
- Master Capital Services
- Punjab Industrial Gases
- Master Commodity Services
- Master Commodity Brokers
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