MAS Financial Services Ltd - Stock Valuation and Financial Performance

BSE: 540749 | NSE: MASFIN | Finance Term Lending | Small Cap

MAS Financial Serv Share Price

284 4.90 1.76%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on MAS Financial Serv

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

MAS Financial Services stock performance -

mw4me loader
P/E Ratio (CD):
19.23
Market Cap:
4,576.9 Cr.
52-wk low:
226.7
52-wk high:
387.7

Is MAS Financial Services Ltd an attractive stock to invest in?

1. Is MAS Financial Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that MAS Financial Services Ltd is a average quality company.

2. Is MAS Financial Services Ltd undervalued or overvalued?

The key valuation ratios of MAS Financial Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is MAS Financial Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MAS Financial Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of MAS Financial Serv:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
MAS Financial Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)0003644776057106276909881,161
YoY Gr. Rt. %-NANANA31.1%26.8%17.4%-11.6%10%43.1%-
Adj EPS (₹ ) 0005.16.49.410.28.89.712.414.5
YoY Gr. Rt. %-NANANA24.8%47.2%9.2%-13.8%10.3%27.7%-
BVPS (₹ )0002247.555.860.27282.392.6110.9
YoY Gr. Rt. %-NANANA116.2%17.5%7.8%19.5%14.4%12.5%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0003.14.14.33.62.72.62.80

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNA15.7%11.7%43.1%
Adj EPSNA14.3%6.7%27.7%
BVPSNA14.3%15.5%12.5%
Share Price - 8.9% -0.7% 10.8%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)00019.122.125.623.723.223.420.820.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)00024.519.818.317.713.412.714.413.1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.30%

Total Income has increased 11.66 CAGR in last 3 years

Net Profit has increased 6.69 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

Latest Financials - MAS Financial Services Ltd.

Standalone Consolidated
TTM EPS (₹) 14.4 14.5
TTM Sales (₹ Cr.) 1,108 1,161
BVPS (₹.) 109.9 110.9
Reserves (₹ Cr.) 1,639 1,654
P/BV 2.54 2.52
PE 19.46 19.23
From the Market
52 Week Low / High (₹) 226.67 / 387.70
All Time Low / High (₹) 121.67 / 423.00
Market Cap (₹ Cr.) 4,577
Equity (₹ Cr.) 164
Face Value (₹) 10
Industry PE 13.2

Management X-Ray of MAS Financial Serv:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of MAS Financial Serv

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income365477605710628691991
Interest Income364477605710627690988
Other Income 1000014
Expenditure 259309367480432475720
Interest Expense 165187225299286340498
Operating Expenses 657583915893161
Provisions 29475990874261
Exceptional Items 0000000
Profit Before Tax 106168238230196217272
Taxes 37638362505566
Profit After Tax 69105155168146161206
Adjusted EPS (₹)5.16.49.410.28.89.712.4
Dividend Payout Ratio (%)20%19%18%26%6%10%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital3327799169871,1801,3501,519
Share Capital 90555555555555
Reserves 2417258619321,1251,2951,464
Minority Interest14121919202326
Long Term Borrowings6131,0121,7552,0832,4203,1424,786
Current Liabilities 1,2711,1471,4961,9882,0572,1141,980
Trade Payables346881617
Short term borrowings7689321,2101,2431,4711,5811,325
Other Liabilities-771-936-1,216-1,251-1,480-1,597-1,341
Total Liabilities 2,2312,9504,1855,0775,6776,6298,311

Assets

Non Current Asset 9012,8073,6703,6654,2905,3076,634
Loan Asset 7382,7463,4833,6024,0634,8006,246
Other Non Current Asset 1636118763227507388
Current Asset 1,3281435151,4131,3871,3221,677
Current Investment00053752478
Other Current Asset1,3281435151,4081,3501,2701,199
Total Assets 2,2312,9504,1855,0775,6776,6298,311

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -164-386-468196-578-805-1,488
Cash Flow From Investing Activity -4-49144-199-820-242
Cash Flow From Financing Activity 344388024487199231,684
Net Cash Flow -1343348648-59-702-46
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)15192831262937
DPS (₹)3458234
BVPS (₹)66143167181216247278

Performance Ratios

ROA (%)3.14.14.33.62.72.62.8
ROE (%)24.519.818.317.713.412.714.4
ROCE (%)16.518.317.115.211.410.611.5

Valuation Parameters

Price/Book(x)0.04.23.42.94.02.22.9

MAS Financial Services Ltd Stock News

MAS Financial Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MAS Financial Serv on 28-Mar-2024 16:01 is ₹284.0.
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 28-Mar-2024 16:01 the market cap of MAS Financial Serv stood at ₹4,576.9.
The latest P/E ratio of MAS Financial Serv as of 28-Mar-2024 16:01 is 19.46.
The latest P/B ratio of MAS Financial Serv as of 28-Mar-2024 16:01 is 2.54.
The 52-week high of MAS Financial Serv is ₹387.7 and the 52-week low is ₹226.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MAS Financial Serv is ₹1,108 ( Cr.) .

About MAS Financial Services Ltd

Having incepted back in 1995, MAS delivered financing solutions to those who needed it the most. The company is registered as non-banking financial company with the Reserve Bank of India.

With a plethora of retail finance options in its arsenal, MAS is focused on fulfilling the requirements of lower income and middle-income groups of the society. It offers Financial Services for Micro Enterprises Loans, SME Loans, Home Loans, Two Wheeler Loans, Used Car Loans, and Commercial Vehicle Loans to satisfy their varied needs. The focus remains on the vast lower income and middle income groups of the society, spread across urban, semi urban and rural areas, and including formal and informal sector.

Business of area of the company:

MAS Financial Services is registered as a systematically important non deposit taking non-banking finance Company (NBFC) with Reserve Bank of India (RBI). The company is engaged in the business of providing Micro Enterprise loans (MEL), Small and Medium Enterprise loans (SME), Two Wheeler loans (TW), Commercial Vehicle loans (CV) and loans to NBFCs - to create the underlying assets of MEL, SME, TW and CV.

Products:

  • Micro Enterprise Loan (MEL)
  • Salaried Personal Loan (SPL)
  • Two Wheeler Loan
  • Small & Medium Enterprises Loan (SME)
  • Machinery Loan
  • Industrial Shed Loan
  • Working Capital Loan
  • Loans against Property (LAP)
  • Commercial Vehicles Loan
  • Used Car Loan
  • Tractor Loan
  • Partnership with NBFC-MFI, HFCs and MFIS
  • Housing Loan

Milestones

  • 1995: On incorporation, commenced retail finance operations with Two-wheeler and Micro-Enterprise loans.
  • 2006: Received first round of capital infusion of Rs 65 million from Bellwether Micro Fund
  • 2008: Acquired second and third round of capital infusion worth Rs 435 million and Rs 400 million from FMO and ICICI Venture, respectively.
  • 2008: Floated the housing finance subsidiary.
  • 2011: Listing of NCDs on Bombay Stock Exchange
  • 2012: Received the fourth round of capital infusion of Rs 650 million from DEG
  • 2013: Disbursement and AUM crossed Rs 10 billion
  • 2014: Sarva Capital purchased 50% CCPS held by FMO in secondary deal
  • 2015: Raised subordinate debentures of Rs 200 Million
  • 2016: Bank loan rating was upgraded to ‘IND A’ with ‘Stable outlook’
  • 2016: Raised subordinate debentures of Rs 400 million
  • 2017: AUM crossed Rs 30 billion
  • 2017: Motilal Oswal infused capital of Rs1,000 million
  • 2018: Listing of Equity Shares on Bombay Stock Exchange & National Stock Exchange
  • 2018: Received additional capital infusion of Rs 350 million from Motilal Oswal
  • 2018: Raised fresh capital of Rs 2,330 million through an IP
  • 2020: Completed 25th Year of Endeavours
  • 2020: AUM crossed Rs 60 billion on a consolidated basis
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