Master Trust share price & results
- Jun 2026
- Sept 2026
Ludhiana-founded diversified financial-services group offering equity/derivatives/commodity broking, portfolio management, wealth management, insurance broking, merchant banking and NBFC lending across a pan-India branch and partner network
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 150 | +13.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 41.0 | +2.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 35.0 | +29.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 18.42 | −5.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 58.68 | +77.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 7.01 | −18.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −44.1% 1Y
1Y: ₹134.22 on 24 Oct 2025 → ₹75.09. High ₹135.93 (28 Oct 2025), low ₹56.34 (30 Mar 2026).
- Previous close
- ₹75.27
- Market cap
- ₹946 Cr
- 52-week range
- ₹56.34 – ₹135.93
- One year
- −44.71%
- Price to earnings (TTM to Jun 2026)
- 7.06×
- Return on equity (TTM to Jun 2026)
- 18.42%
Overview
- Symbol
- NSE:MASTERTR
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What Master Trust does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +30% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 148 | 122 | 132 | 127 | 137 | 181 | 150 |
| Expenses | 90 | 84 | 69 | 80 | 68 | 76 | 117 | 88 |
| Operating profit | 64 | 64 | 53 | 52 | 59 | 61 | 64 | 62 |
| Operating margin | 42.0% | 43.0% | 43.0% | 39.0% | 47.0% | 45.0% | 35.0% | 41.0% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 15 | 16 | 15 | 15 | 15 | 15 | 14 | 15 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 49 | 47 | 37 | 36 | 43 | 45 | 49 | 46 |
| Tax rate | 24.0% | 26.0% | 34.0% | 24.0% | 27.0% | 29.0% | 26.0% | 25.0% |
| Net profit | 37 | 35 | 25 | 27 | 31 | 32 | 36 | 35 |
| EPS (₹ per share) | 3.28 | 3.13 | 2.19 | 2.41 | 2.55 | 2.56 | 2.93 | 2.82 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 339 | 500 | 584 | 577 |
| Expenses | 219 | 296 | 341 | 341 |
| Operating profit | 120 | 205 | 243 | 236 |
| Other income | 0 | 0 | 0 | 0 |
| Interest | 32 | 57 | 61 | 59 |
| Depreciation | 4 | 4 | 4 | 4 |
| Profit before tax | 85 | 145 | 178 | 173 |
| Net profit | 66 | 108 | 132 | 126 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 11 | 12 | 12 |
| Reserves | 289 | 354 | 493 | 627 | 741 | 805 |
| Borrowings | 97 | 162 | 187 | 258 | 163 | 228 |
| Other liabilities | 631 | 706 | 1,174 | 1,057 | 1,148 | 1,200 |
| Total liabilities | 1,028 | 1,233 | 1,866 | 1,953 | 2,064 | 2,244 |
| Fixed assets | 21 | 22 | 22 | 21 | 20 | 20 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 6 | 15 | 19 | 31 | 33 |
| Other assets | 1,000 | 1,204 | 1,829 | 1,913 | 2,014 | 2,191 |
| Total assets | 1,028 | 1,233 | 1,866 | 1,953 | 2,064 | 2,244 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -24 | -15 | 177 | 458 | -108 | 341 |
| Cash from investing | 12 | 6 | -164 | -493 | 54 | -325 |
| Cash from financing | 0 | 0 | 0 | 25 | 89 | 26 |
| Net cash flow | -13 | -9 | 13 | -10 | 35 | 43 |
| Free cash flow | -26 | -19 | 172 | 453 | -111 | 338 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 107 | 61 | 53 | 91 | 100 | 117 |
| Cash conversion cycle | 107 | 61 | 53 | 91 | 100 | 117 |
| Working capital days | -529 | -575 | -645 | -664 | -473 | -546 |
| Return on capital employed | 19.0% | 29.0% | 25.0% | 33.0% | 30.0% | 24.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Broking & Allied contributes 94.5% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Broking & Allied 94.5%
₹141.61 crore
- Portfolio Management Services 1.9%
₹2.79 crore
- Investment / Trading in Securities / Land & others 1.7%
₹2.62 crore
- Interest 1.2%
₹1.83 crore
- Insurance Broking 0.6%
₹0.94 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Broking & Allied | 141.61 | 94.5% |
| Portfolio Management Services | 2.79 | 1.9% |
| Investment / Trading in Securities / Land & others | 2.62 | 1.7% |
| Interest | 1.83 | 1.2% |
| Insurance Broking | 0.94 | 0.6% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹149.79 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹149.79 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Portfolio Management Services shrank from 4% to 2% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Broking & Allied | 93% | 93% | — | — | 92% | 92% | 95% | 95% | — |
| Portfolio Management Services | 4% | 4% | — | — | 3% | 3% | 1% | 2% | — |
| Investment / Trading in Securities / Land & others | <1% | — | — | — | — | — | 1% | 2% | — |
| Interest | 2% | 2% | — | — | 3% | 2% | 2% | 1% | — |
| Insurance Broking | 1% | — | — | — | 1% | 1% | 1% | 1% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 71.93% as of Sept 2026; institutions added 0.28 pts since Jun 2026.
- Promoters 71.93%
- Foreign institutions 0.31%
- Domestic institutions 0.00%
- Government 0.00%
- Public 27.76%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +0.68 pp 2.05% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Master Trust above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 23.35% | unchanged | |
| 12.90% | unchanged | |
| 12.76% | unchanged | |
| 10.86% | unchanged | |
| 8.07% | unchanged | |
| 8.05% | unchanged | |
| 3.23% | unchanged | |
| 2.05% | +0.68 pp | |
| 2.03% | unchanged | |
| 1.27% | unchanged | |
| 0.96% | unchanged | |
| 0.37% | 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.
Your own record
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