MASKINVEST
Mask Investments financials
- Market cap
- ₹45 Cr
- Sector
- Financial Services
What Mask Investments Limited does
Mask Investments Limited (NSE: MASKINVEST) is a listed investment and financial-services company headquartered in Surat, Gujarat. The company was intended to be registered as a Non-Banking Financial Company (NBFC), but an RBI order dated 18th July 2018 withheld this registration on account of the company not meeting the Net Owned Funds requirement under the RBI Act, 1934; the company states it is working to attain the required Net Owned Funds and re-apply for NBFC registration. It operates as a standalone entity with no subsidiaries, joint ventures or associate companies.
- NBFC registration status
- Not registered as an NBFC (RBI order dated 18-Jul-2018 citing Net Owned Funds shortfall; company is working to re-attain the requirement and reapply)
- Subsidiaries / associate companies
- None
Quarterly results
Q1 FY27: revenue down 33.3%, net profit up 50.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | -0 | 0 | 0 −91% | 0 +225% | 0 +800% | 0 −33% |
| EBITDA | 0 | 0 | 0 | -0 | 0 −100% | 0 +150% | 0 +700% | -0 +50% |
| Net profit | 0 | 0 | 0 | -0 | 0 −100% | 0 +400% | 0 | -0 +50% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −4.9% 1Y
1Y: ₹152.8 on 10 Sept 2025 → ₹145.36. High ₹223.72 (16 Oct 2025), low ₹121.36 (30 Mar 2026).
Financials, as filed
Revenue fell 33.7% a year over 2 years, FY24 to FY26. Operating margin widened to 27.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Operating profit | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Operating margin | 5.3% | 12.2% | 27.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net margin | 2.7% | 7.3% | 21.2% |
| Cash from operations | ₹-1 Cr | ₹-0 Cr | ₹0 Cr |
| Free cash flow | ₹-1 Cr | ₹-0 Cr | ₹0 Cr |
| ROCE | 0.0% | 0.0% | 0.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹15 Cr | ₹69 Cr | ₹95 Cr | ₹151 Cr | ₹87 Cr | ₹58 Cr |
| Borrowings | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Total liabilities | ₹19 Cr | ₹73 Cr | ₹99 Cr | ₹155 Cr | ₹91 Cr | ₹62 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹18 Cr | ₹72 Cr | ₹98 Cr | ₹154 Cr | ₹90 Cr | ₹60 Cr |
| Other assets | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Total assets | ₹19 Cr | ₹73 Cr | ₹99 Cr | ₹155 Cr | ₹91 Cr | ₹62 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 4% to 2,288.
- Promoters
- 72.3%
- Public
- 27.8%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 72.3%, Public 27.8%.Dec '23: Promoters 72.3%, Public 27.8%.Mar '24: Promoters 72.3%, Public 27.8%.Jun '24: Promoters 72.3%, Public 27.8%.Sep '24: Promoters 72.3%, Public 27.8%.Dec '24: Promoters 72.3%, Public 27.8%.Mar '25: Promoters 72.3%, Public 27.8%.Jun '25: Promoters 72.3%, Public 27.8%.Sep '25: Promoters 72.3%, Public 27.8%.Dec '25: Promoters 72.3%, Public 27.8%.Mar '26: Promoters 72.3%, Public 27.8%.Jun '26: Promoters 72.3%, Public 27.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mask Investments Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Narayan Sitaram Saboo | 44.26% | unchanged |
| Naresh Sitaram Saboo . | 14.23% | unchanged |
| Sonia Naresh Saboo | 4.92% | unchanged |
| Manish Narayan Saboo | 4.24% | unchanged |
| Narayan Sitaram Saboo (Huf) | 3.96% | unchanged |
| Nxt Fab Private Limited | 2.75% | unchanged |
| Mahesh Kabra | 2.74% | unchanged |
| Mohit Narayan Saboo | 0.56% | unchanged |
| Madhu Narayankumar Saboo | 0.08% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Mask Investments Limited
Guides on how to read this kind of business and the numbers that matter.