MAS Financial Services Limited

BSE: MASFIN540749ISIN INE348L01012

Financial Services
Non Banking Financial Company (NBFC)
BSE 1000

BSE listing

Share price

₹289.20+2.95 (+1.03%)

as of 18 Sep 2026

52W high: ₹358.40
52W low: ₹276.00
Off 52W high: -19.31%
1M return: -3.97%
3M return: -9.11%
6M return: -4.46%
1Y return: -7.94%
20D avg volume: 6,916
50 DMA: ₹305.29
200 DMA: ₹313.11

Key ratios Consolidated

Market cap: ₹5,248 Cr
Current price: ₹289.20
52W high / low: ₹358.40 / ₹276.00
Face value: ₹10.00
P/E: 13.14
P/B: —
EPS (TTM): ₹22.01
Book value / share: —
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 2.67
Net debt: ₹7,887 Cr
Interest cover: 1.56
Dividend yield: 0.69%
Dividend / share (TTM): ₹2.00
Payout: 9.09%
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	562.46	542.47	506.75	480.23	465.98	437.63	—
	-0.54	2.94	1.05	2.10	0.75	1.48	—
	414.25	406.27	375.90	359.45	350.84	327.02	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	42.52	45.89	45.40	40.15	39.14	36.49	—
	236.13	234.69	231.09	223.81	217.10	201.68	—
	2.21	2.00	1.79	1.78	1.67	1.52	—
	27.31	27.97	25.28	24.87	24.05	21.80	—
	147.67	139.14	131.90	122.88	115.89	112.09	—
	0.00	0.00	-4.82	0.00	0.00	0.00	—
	147.67	139.14	127.08	122.88	115.89	112.09	—
	37.52	34.66	33.76	31.45	29.30	28.68	—
	110.15	104.48	93.32	91.43	86.59	83.41	—
	5.98	5.69	5.08	4.98	4.82	4.55	—
Key metrics
	19.60%	19.30%	18.40%	19.00%	18.60%	19.10%	—
	20.70%	24.00%	—	—	—	—	—
	27.20%	25.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	2,092	1,995	1,596	—
	5.55	6.84	4.18	—
	1,556	1,492	1,179	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	173.96	170.58	134.06	—
	925.72	906.69	762.80	—
	7.78	7.24	5.60	—
	105.43	102.17	80.80	—
	541.59	509.81	421.01	—
	-4.82	-4.82	0.00	—
	536.77	504.99	421.01	—
	137.39	129.17	107.03	—
	399.38	375.82	313.98	—
	21.73	20.46	17.48	—
Key metrics
	19.09%	18.80%	19.70%	—
	—	25.00%	—	—
	—	19.70%	—	—
	—	-1,866	-1,159	—
	—	-4.75	-3.61	—
	—	2.67	2.79	—
	—	7,887	6,940	—
Balance sheet
	—	13,747	12,199	—
	—	223.66	448.65	—
	—	5.54	4.67	—
	—	0.00	0.00	—
	—	64.61	21.32	—
	—	8,111	7,388	—
	—	3,036	2,650	—
Cash flow
	—	-1,787	-1,133	—
	—	467.01	-828.19	—
	—	1,095	2,198	—
	—	79.53	25.59	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	531.48	514.00	481.42	455.68	443.41	416.51	—
	-1.16	2.37	0.16	2.93	0.36	0.40	—
	390.07	383.24	354.30	338.38	331.34	308.04	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	36.48	39.44	39.35	34.17	33.45	31.38	—
	222.45	221.85	219.08	211.56	206.18	191.00	—
	1.99	1.77	1.57	1.56	1.47	1.34	—
	24.62	25.56	23.18	22.82	21.92	19.95	—
	140.25	133.13	127.28	120.23	112.43	108.87	—
	0.00	0.00	-4.24	0.00	0.00	0.00	—
	140.25	133.13	123.04	120.23	112.43	108.87	—
	35.65	33.41	32.71	30.53	28.53	28.05	—
	104.60	99.72	90.33	89.70	83.90	80.82	—
	5.76	5.49	4.98	4.94	4.62	4.46	—
Key metrics
	19.70%	19.40%	18.80%	19.70%	18.90%	19.40%	—
	19.90%	23.40%	—	—	—	—	—
	24.70%	23.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,983	1,895	1,517	—
	4.30	5.82	3.26	—
	1,466	1,407	1,110	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	149.44	146.41	114.84	—
	874.94	858.67	722.38	—
	6.89	6.37	4.91	—
	96.18	93.48	74.27	—
	520.89	493.07	410.43	—
	-4.24	-4.24	0.00	—
	516.65	488.83	410.43	—
	132.30	125.18	104.50	—
	384.35	363.65	305.93	—
	21.17	20.04	17.23	—
Key metrics
	19.39%	19.20%	20.20%	—
	—	24.90%	—	—
	—	18.90%	—	—
	—	-1,750	-1,049	—
	—	-4.60	-3.33	—
	—	2.56	2.68	—
	—	7,349	6,497	—
Balance sheet
	—	13,101	11,664	—
	—	209.68	437.97	—
	—	4.47	4.66	—
	—	0.00	0.00	—
	—	61.66	18.91	—
	—	7,559	6,934	—
	—	2,953	2,586	—
Cash flow
	—	-1,672	-1,020	—
	—	450.72	-834.91	—
	—	992.99	2,115	—
	—	78.33	29.35	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 66.66%

Holder	Type	Holding	Previous	Change
Kamlesh Chimanlal Gandhi	Promoter	37.22%	—	—
Shweta Kamlesh Gandhi	Promoter	27.01%	—	—
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	Public	8.23%	—	—
Business Excellence Trust Iii - India Business Excellence Fund Iii	Public	4.19%	—	—
Bandhan Value Fund	Public	3.83%	—	—
Prarthana Marketing Private Limited	Promoter	2.18%	—	—
Bavaria Industries Group Ag	Public	1.72%	—	—
Anamaya Capital Llp	Promoter Group	0.17%	—	—
Dhvanil K Gandhi	Promoter Group	0.06%	—	—
Dhriti Kamlesh Gandhi	Promoter Group	0.02%	—	—
Dimple Vora	Promoter Group	0.00%	—	—
Saryuben Mahendra Kumar Doshi	Promoter Group	0.00%	—	—
MAS Rural Housing & Mortgage Finance Limited	Promoter Group	0.00%	—	—
Pravinbhai L. Shah	Promoter Group	0.00%	—	—
Jaybhai Shah	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation of ESG Rating18 Sep 2026 · Company Update / General
Intimation of Schedule of Analyst(s) / Investor(s) meetings16 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation regarding redemption of OCPS issued by MAS rural housing and mortgage finance limited and held by MAS financial services limited12 Sep 2026 · Company Update / General
Intimation of ESG Rating11 Sep 2026 · Company Update / General
Intimation of ESG Rating10 Sep 2026 · Company Update / General
Voting Results and Scrutinizer''s report2 Sep 2026 · AGM/EGM / AGM
Proceedings of 31st Annual General Meeting2 Sep 2026 · AGM/EGM / AGM
Newspaper Advertisement pursuant to IEPF (Accounting, Audit, Transfer and Refund) Rule, 201626 Aug 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Analyst(s) / Investor(s) meetings10 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper advertisement of 31st Annual General Meeting, record date & E-voting information.10 Aug 2026 · Company Update / Newspaper Publication
Letter to shareholders7 Aug 2026 · Company Update / General
31st Annual General Meeting to be held on September 2, 20267 Aug 2026 · AGM/EGM / AGM
Business Responsibility and Sustainability Report - 31.03.20267 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual report - 20267 Aug 2026 · Others / Reg. 34 (1) Annual Report
Transcript of Investor call5 Aug 2026 · Company Update / Analyst / Investor Meet
Receipt of approval from UIDAI for appointment of MAS Financial Services Limited as Sub-AUA/KUA user.31 Jul 2026 · Company Update / General
Audio / Video Recording of Earnings Call on Unaudited Financial Results (Standalone & Consolidated) for the first quarter ended on June 30, 202630 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication30 Jul 2026 · Company Update / Newspaper Publication
Newspaper Advertisement for Financial Results for the quarter ended June 30, 2026.30 Jul 2026 · Company Update / Newspaper Publication
Investor presentation for the quarter ended on June 30, 202629 Jul 2026 · Company Update / Investor Presentation
Record date for the final Divided29 Jul 2026 · Corp. Action / Record Date
Record date for the Final Dividend29 Jul 2026 · Corp. Action / Record Date
Press Release dated July 29, 202629 Jul 2026 · Company Update / Press Release / Media Release
AGM to be held on September 2, 202629 Jul 2026 · AGM/EGM / AGM
Change in SMP.29 Jul 2026 · Company Update / Change in Management
Record Date for AGM29 Jul 2026 · Corp. Action / Record Date
Book Closure for AGM29 Jul 2026 · Corp. Action / Book Closure
Results - Financial Results for June 30, 202629 Jul 2026 · Result / Financial Results
The Board of Directors of the Company in its Meeting held today i.e. on Wednesday, July 29, 2026 has inter alia: 1. Approved the Unaudited Standalone & Consolidated Financial Results ....29 Jul 2026 · Board Meeting / Outcome of Board Meeting
Allotment of Non-Convertible Debentures27 Jul 2026 · Company Update / Allotment of Equity Shares
Intimation of Conference Call for financial results of the first quarter ended on June 30, 202624 Jul 2026 · Company Update / Analyst / Investor Meet
To consider and approve the Unaudited Standalone & Consolidated Financial Results of the Company for the quarter ended on June 30, 2026 along with adoption of Limited Review Reports ....22 Jul 2026 · Board Meeting / Board Meeting
Allotment of Non-Convertible Debentures9 Jul 2026 · Company Update / Allotment of Equity Shares
Intimation of credit rating given by Acuite Rating & Research Limited7 Jul 2026 · Company Update / Credit Rating
Allotment of Non-Convertible Debentures30 Jun 2026 · Company Update / Allotment of Equity Shares
Intimation of Credit Rating given by Care Ratings Limited29 Jun 2026 · Company Update / Credit Rating
Closure of Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Allotment of 14000 Non Convertible Debentures24 Jun 2026 · Company Update / Allotment of Equity Shares
Intimation regarding OCPS issued by subsidiary company of Mas Financial Services Limited23 Jun 2026 · Company Update / General
Intimation of Schedule of Analyst(s) / Investor(s) meetings4 Jun 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.7500	25 Aug 2026	26 Aug 2026	—
Interim Dividend - Rs. - 1.2500	4 Feb 2026	4 Feb 2026	—
Final Dividend - Rs. - 0.7000	26 Aug 2025	27 Aug 2025	—
Interim Dividend - Rs. - 1.0000	5 Feb 2025	5 Feb 2025	—
Final Dividend - Rs. - 0.5100	4 Sep 2024	—	—

Board meetings

29 Jul 2026 Board Meeting - Financial Results