Inve India ▾

MAS Financial Services share price & results

MAS Financial Services Limited· Financial Services

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

RBI-registered NBFC lending to MSMEs, vehicle buyers and salaried individuals via a pan-India branch network.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue531 ₹ crore+19.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Jun 2026Not in the filed figures for the quarter to jun 2026. No older figure is substituted.
Net profit105 ₹ crore+25.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity14.19 %−0.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)23.07 %+0.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

7 of 11 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.

MAS Financial Services Limited management guidance track record on Inve: 23 targets tracked across analysed earnings calls (7 achieved, 4 missed, 12 open).

TargetOriginal wordingSaidLatest callVerdict
Gross Stage 3 / GNPA2.25% - 2.5%
Call transcript, Q2 FY25 · 24 Oct 2024		Q2 FY25Q1 FY27:Actual consolidated GNPA was 2.58%, which is within the revised guidance range of 2.5% - 2.75%.
Call transcript, Q1 FY27 · 30 Jul 2026		Achieved
Housing Finance AUM Growth30% to 35%
Call transcript, Q2 FY25 · 24 Oct 2024		Q2 FY25Q1 FY27:Actual YoY AUM growth for the housing subsidiary was 23%, missing the 30-35% target. Management reiterated it as an internal aspiration of 'around 35%'.
Call transcript, Q1 FY27 · 30 Jul 2026		Missed
ROA2.8% - 3%
Call transcript, Q2 FY25 · 24 Oct 2024		Q2 FY25Q1 FY27:Management revised the ROA guidance range upwards to 2.75% to 3.25% from the previous 2.75% to 3%.
Call transcript, Q1 FY27 · 30 Jul 2026		Revised Up

Source: Inve Guidance Tracker for MAS Financial Services Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of MAS Financial Services Limited's 23 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 20 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹251.65 +2.65% · +₹6.5

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −18.3% 1Y

₹240₹260₹280₹300₹320₹340Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 30 Jul 2026

1Y: ₹308.2 on 24 Oct 2025 → ₹251.65. High ₹347.25 (7 May 2026), low ₹245.15 (26 Oct 2026).

Previous close
₹245.15
Market cap
₹4.4k Cr
52-week range
₹245.15 – ₹347.25
One year
−16.51%
Price to earnings (TTM to Jun 2026)
11.23×
Return on equity (TTM to Jun 2026)
14.19%

Overview

Symbol
NSE:MASFIN
Exchange
NSE
Currency
INR

What MAS Financial Services Limited does

Based on the company's own presentations, annual report and earnings calls.

MAS Financial Services is an RBI-registered non-banking finance company (NBFC) that has extended credit to underserved micro, small and medium enterprises and low- and middle-income individuals since its incorporation in 1995. It earns interest income by originating and servicing secured and unsecured loans across micro-enterprise, SME, two-wheeler, commercial vehicle and salaried personal-loan categories, sourced through its own branches as well as tie-ups with partner NBFCs, MFIs, HFCs and franchisees. Its subsidiary, MAS Rural Housing & Mortgage Finance Limited (MRHMFL), extends affordable housing and property loans to salaried and self-employed customers in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.

Segments

  • Micro-Enterprise & SME Finance
  • Vehicle Finance
  • Salaried Personal Loans
  • Housing Finance (via subsidiary MRHMFL)
Branches (standalone)
208, across 13 states and union territories
Customer/touchpoint locations
15,500+
Active loan accounts
11,25,000+ (over 1.1 million)
NBFC partner network
215 NBFC partnerships for co-lending/on-lending outreach
Consolidated employees
4,000+
Two-wheeler loan sourcing intermediaries
135
Founded 1995Headquarters Ahmedabad, Gujarat Company website

How the price took the results

close before → close after

Q1 FY27
−1.8%
30 Jul
Q4 FY26
+4.3%
30 Apr
Q3 FY26
+1.2%
29 Jan
Q2 FY26
−2.7%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for MAS Financial Services Limited

Free account: one company. Everything above stays public.

Write why you follow MAS Financial Services Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Financial Services companies

All Financial Services companies → · Financial Services earnings growth →

Learn to analyse MAS Financial Services Limited

Guides on how to read this kind of business and the numbers that matter.