MASTERTR
Master Trust share price & financials
- Price
- ₹78.63
- Market cap
- ₹1.1k Cr
- Sector
- Financial Services
What Master Trust does
Master Trust Ltd is the listed entity of the Master Trust Group, which operates through subsidiaries Master Capital Services Ltd (equity, derivatives, currency and commodity broking plus depository services), Master Portfolio Services Ltd (portfolio management) and Master Insurance Brokers Ltd (insurance broking), alongside NBFC lending and merchant banking (investment banking) mandates. It serves retail and institutional clients through owned branches and business-partner franchises. The group runs proprietary digital platforms for trading, mutual-fund investing and client servicing, and also offers research & advisory and algorithmic trading solutions.
Segments
- Equity, derivatives & commodity broking
- Portfolio Management Services
- Insurance broking
- Wealth management & mutual fund distribution
- Merchant banking
- NBFC / loan distribution
- Depository services
- Research & advisory
- Algorithmic trading
- Branches
- 54 (across 22 states)
- Registered clients
- 4,20,000+
- Business partners network
- 740+
- Employees (group basis)
- 1,213
- States with presence
- 22
- Proprietary digital platforms
- 5 (MasterSwift 2.0, Agnik, MasterWeb, SinglePoint, mtWealth)
Quarterly results
Q1 FY27: revenue up 13.6%, net profit up 29.6% 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 | 154 | 148 | 122 | 132 | 127 −18% | 137 −7% | 181 +48% | 150 +14% |
| EBITDA | 64 | 64 | 53 | 52 | 59 −8% | 61 −5% | 64 +21% | 62 +19% |
| Net profit | 37 | 35 | 25 | 27 | 31 −16% | 32 −9% | 36 +44% | 35 +30% |
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 −39.2% 1Y
1Y: ₹148.95 on 10 Sept 2025 → ₹90.61. High ₹161.91 (3 Oct 2025), low ₹56.34 (30 Mar 2026).
Financials, as filed
Revenue grew 19.4% a year over 3 years, FY23 to FY26. Operating margin widened to 40.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹339 Cr | ₹500 Cr | ₹584 Cr | ₹577 Cr |
| Operating profit | ₹120 Cr | ₹205 Cr | ₹243 Cr | ₹236 Cr |
| Operating margin | 35.4% | 41.0% | 41.6% | 40.9% |
| Interest | ₹32 Cr | ₹57 Cr | ₹61 Cr | ₹59 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹66 Cr | ₹108 Cr | ₹132 Cr | ₹126 Cr |
| Net margin | 19.5% | 21.6% | 22.6% | 21.8% |
| Cash from operations | ₹177 Cr | ₹458 Cr | ₹-37 Cr | ₹311 Cr |
| Free cash flow | ₹172 Cr | ₹453 Cr | ₹-40 Cr | ₹308 Cr |
| ROCE | 25.0% | 33.0% | 30.0% | 24.0% |
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 | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹245 Cr | ₹289 Cr | ₹354 Cr | ₹493 Cr | ₹741 Cr | ₹805 Cr |
| Borrowings | ₹95 Cr | ₹97 Cr | ₹162 Cr | ₹187 Cr | ₹163 Cr | ₹228 Cr |
| Other liabilities | ₹435 Cr | ₹631 Cr | ₹706 Cr | ₹1.2k Cr | ₹1.1k Cr | ₹1.2k Cr |
| Total liabilities | ₹786 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.9k Cr | ₹2.1k Cr | ₹2.2k Cr |
| Fixed assets | ₹18 Cr | ₹21 Cr | ₹22 Cr | ₹22 Cr | ₹20 Cr | ₹20 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹15 Cr | ₹7 Cr | ₹6 Cr | ₹15 Cr | ₹31 Cr | ₹33 Cr |
| Other assets | ₹753 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.8k Cr | ₹2.0k Cr | ₹2.2k Cr |
| Total assets | ₹786 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.9k Cr | ₹2.1k Cr | ₹2.2k 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
Since Jun 2025, promoters added +2.69 pp while the public trimmed −2.57 pp. The shareholder count grew 49% to 15,147.
- Promoters
- 71.9%
- FIIs
- 0.0%
- Public
- 28.0%
Since Jun 2025
- Promoters +2.69 pp
- Public −2.57 pp
- FIIs −0.12 pp
How it drifted, 12 quarters
Over this window promoters fell from 74.8% to 71.9% — −2.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 74.8%, Public 25.2%.Dec '23: Promoters 74.8%, DIIs 0.1%, Public 25.1%.Mar '24: Promoters 74.8%, FIIs 0.1%, Public 25.1%.Jun '24: Promoters 73.8%, FIIs 0.0%, Public 26.2%.Sep '24: Promoters 72.5%, FIIs 0.1%, Public 27.4%.Dec '24: Promoters 72.5%, FIIs 0.0%, Public 27.5%.Mar '25: Promoters 72.5%, FIIs 0.0%, Public 27.5%.Jun '25: Promoters 69.2%, FIIs 0.1%, Public 30.6%.Sep '25: Promoters 71.9%, DIIs 0.1%, Public 28.0%.Dec '25: Promoters 71.9%, FIIs 0.0%, DIIs 0.1%, Public 28.0%.Mar '26: Promoters 71.9%, FIIs 0.0%, Public 28.1%.Jun '26: Promoters 71.9%, FIIs 0.0%, Public 28.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Master Trust above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Rajinder Kumar Singhania | 23.35% | unchanged |
| Harjeet Singh Arora | 12.90% | unchanged |
| Harneesh Kaur Arora | 12.76% | unchanged |
| G S Auto Leasing Limited | 10.86% | unchanged |
| Jashanjyot Singh Arora | 8.07% | unchanged |
| Parveen Singhania | 8.05% | unchanged |
| Puneet Singhania | 3.23% | unchanged |
| Palka Arora Chopra | 2.03% | unchanged |
| Share India Securities Limited | 1.37% | −0.80 pp |
| Sangeeta Pareekh | 1.27% | unchanged |
| Share India Algoplus Private Limited | 1.26% | −0.48 pp |
| Chirag Singhania | 0.96% | 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 Master Trust
Guides on how to read this kind of business and the numbers that matter.