Master Trust Ltd.

BSE: MASTERTR511768ISIN INE677D01037

Financial Services
Stockbroking & Allied
BSE Financial Services

Share price

₹78.69+0.13 (+0.17%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

30 Oct 2024 · Split 5:1 (₹5 → ₹1)

52W high: ₹133.50
52W low: ₹56.00
Off 52W high: -41.06%
1M return: -3.44%
3M return: -4.17%
6M return: -4.86%
1Y return: -39.61%
20D avg volume: 18,627
50 DMA: ₹82.74
200 DMA: ₹82.98

Key ratios Consolidated

Market cap: ₹968.01 Cr
Current price: ₹78.69
52W high / low: ₹133.50 / ₹56.00
Face value: ₹1.00
P/E: 6.89
P/B: 1.09
EPS (TTM): ₹11.42
Book value / share: ₹72.32
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.28
Net debt: ₹140.24 Cr
Interest cover: 3.91
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	153.67	149.79	180.61	136.72	126.83	131.66	121.98	147.88	153.72	160.35	164.14	123.66
	0.01	0.00	0.00	0.00	0.03	0.02	0.00	0.00	0.00	0.01	0.01	0.00
	153.68	149.79	180.61	136.72	126.86	131.66	121.98	147.88	153.72	160.36	164.15	123.66
	102.88	103.55	131.88	92.08	83.62	95.79	84.56	100.61	105.16	114.89	112.36	87.02
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.00	29.60	47.82	23.46	20.29	23.12	21.05	21.24	19.55	24.44	21.99	22.62
	16.88	14.55	14.27	15.36	14.96	14.78	14.83	15.81	14.55	15.44	16.03	14.94
	1.01	1.04	1.01	1.05	1.10	1.16	0.59	1.10	1.05	1.00	0.93	0.98
	41.49	42.61	53.69	37.29	33.16	42.40	33.97	—	—	—	—	—
	50.80	46.24	48.73	44.64	43.24	35.87	37.42	47.27	48.56	45.47	51.79	36.64
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	50.80	46.24	48.73	44.64	43.24	35.87	37.42	47.27	48.56	45.47	51.79	36.64
	12.50	11.59	12.67	13.12	11.84	8.76	12.87	—	—	—	—	—
	38.30	34.65	36.06	31.52	31.40	27.11	24.55	35.15	36.89	34.65	37.87	27.74
	3.10	2.80	3.00	2.70	2.70	2.40	2.20	3.20	3.40	15.90	17.40	12.80
Key metrics
	—	—	—	—	—	—	—	64.18	64.16	61.91	68.75	52.56
	—	—	—	—	—	—	—	43.40%	41.70%	38.60%	41.90%	42.50%
	24.90%	23.10%	20.00%	23.10%	24.80%	20.60%	20.10%	23.80%	24.00%	21.60%	23.10%	22.40%
	21.20%	13.80%	48.10%	-7.50%	-17.50%	-17.90%	-25.70%	19.60%	—	—	—	—
	22.00%	27.80%	46.90%	-10.30%	-14.90%	-21.80%	-35.20%	26.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	620.79	575.85	583.94	500.46	339.16	331.28
	0.01	0.00	0.00	0.07	0.14	0.09
	620.80	575.85	583.94	500.53	339.30	331.37
	430.39	403.37	405.22	356.70	254.60	259.44
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	129.88	114.69	86.28	86.21	56.44	69.40
	61.06	59.37	60.63	56.50	32.72	35.16
	4.11	4.32	3.74	3.59	2.62	1.97
	175.08	166.54	180.44	—	—	—
	190.41	172.48	178.72	143.83	84.70	71.93
	0.00	0.00	0.00	0.00	0.00	0.00
	190.41	172.48	178.72	143.83	84.70	71.93
	49.88	46.39	47.48	—	—	—
	140.53	126.09	131.24	108.08	65.89	55.18
	11.60	10.60	11.80	49.70	30.30	25.40
Key metrics
	—	—	—	203.92	120.04	109.06
	—	—	—	40.70%	35.40%	32.90%
	22.64%	21.90%	22.50%	21.60%	19.40%	16.70%
	17.50%	-1.40%	16.70%	47.60%	2.40%	—
	18.88%	-3.90%	21.40%	64.00%	19.40%	—
	—	307.73	-40.56	—	—	—
	—	2.47	-0.28	—	—	—
	—	0.28	0.40	—	—	—
	—	140.24	213.22	—	—	—
Balance sheet
	—	2,244	1,953	—	—	—
	—	87.63	44.71	—	—	—
	—	184.10	160.56	—	—	—
	—	8.54	18.77	—	—	—
	—	13.93	14.80	—	—	—
	—	227.87	257.93	—	—	—
	—	818.61	639.89	—	—	—
Cash flow
	—	311.18	-37.08	—	—	—
	—	-324.70	53.73	—	—	—
	—	56.44	18.37	—	—	—
	—	3.45	3.48	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	6.45	6.88	8.30	9.75	6.16	4.94	5.01	5.06	4.93	5.02	7.23	4.25
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.45	6.88	8.30	9.75	6.16	4.94	5.01	5.06	4.93	5.02	7.23	4.25
	0.82	2.23	2.72	2.70	1.66	2.28	2.33	2.62	2.35	2.57	4.39	2.75
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.27	0.26	0.25	0.26	0.27	0.26	0.25	0.29	0.25	0.23	0.26	0.27
	0.41	1.85	2.22	2.30	1.30	1.87	2.02	2.10	2.06	2.25	4.02	2.41
	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01
	0.14	0.12	0.25	0.13	0.09	0.15	0.06	—	—	—	—	—
	5.63	4.65	5.58	7.05	4.50	2.66	2.68	2.44	2.58	2.45	2.84	1.50
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	5.63	4.65	5.58	7.05	4.50	2.66	2.68	2.44	2.58	2.45	2.84	1.50
	1.36	1.17	1.43	3.80	1.67	0.66	2.47	—	—	—	—	—
	4.27	3.48	4.15	3.25	2.83	2.00	0.21	2.11	2.50	2.44	2.77	1.46
	0.30	0.30	0.30	0.30	0.20	0.20	0.10	0.20	0.20	1.10	1.30	0.70
Key metrics
	—	—	—	—	—	—	—	4.55	4.64	4.70	6.86	3.92
	—	—	—	—	—	—	—	89.90%	94.10%	93.60%	94.90%	92.20%
	66.20%	50.60%	50.00%	33.30%	45.90%	40.50%	4.20%	41.70%	50.70%	48.60%	38.30%	34.40%
	4.70%	39.30%	65.70%	92.70%	24.90%	-1.60%	-30.70%	19.10%	—	—	—	—
	50.90%	74.00%	1,876.20%	54.00%	13.20%	-18.00%	-92.40%	44.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	31.38	29.15	20.02	21.00	10.86	11.78
	0.00	0.00	0.00	0.00	0.00	0.00
	31.38	29.15	20.02	21.00	10.86	11.78
	8.47	9.36	9.87	12.59	6.13	6.19
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	1.04	1.04	1.02	1.00	1.01	0.98
	6.78	7.69	8.43	11.28	4.09	3.81
	0.01	0.01	0.01	0.01	0.01	0.01
	0.64	0.62	0.41	—	—	—
	22.91	19.79	10.15	8.41	4.73	5.59
	0.00	0.00	0.00	0.00	0.00	0.00
	22.91	19.79	10.15	8.41	4.73	5.59
	7.76	7.56	2.89	—	—	—
	15.15	12.23	7.26	8.30	5.68	5.58
	1.20	1.00	0.70	3.80	2.60	2.60
Key metrics
	—	—	—	19.70	8.83	9.41
	—	—	—	93.80%	81.30%	79.90%
	48.28%	42.00%	36.30%	39.50%	52.30%	47.40%
	48.23%	45.60%	-4.70%	93.40%	-7.80%	—
	111.89%	68.50%	-12.50%	46.10%	1.80%	—
	—	-33.86	-22.18	—	—	—
	—	-2.77	-3.06	—	—	—
	—	0.13	0.15	—	—	—
	—	92.69	85.32	—	—	—
Balance sheet
	—	874.33	652.18	—	—	—
	—	0.01	0.01	—	—	—
	—	—	0.00	—	—	—
	—	3.58	3.81	—	—	—
	—	0.12	0.13	—	—	—
	—	92.70	85.33	—	—	—
	—	727.74	565.61	—	—	—
Cash flow
	—	-33.86	-22.18	—	—	—
	—	-22.58	3.81	—	—	—
	—	56.44	18.37	—	—	—
	—	0.00	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +38.97%
Sales CAGR 5Y: —
Profit CAGR 3Y: +29.13%
Profit CAGR 5Y: —
Sales YoY (TTM): +48.23%
Profit YoY (TTM): +111.89%

Consolidated

Sales CAGR 3Y: +19.30%
Sales CAGR 5Y: —
Profit CAGR 3Y: +24.15%
Profit CAGR 5Y: —
Sales YoY (TTM): +17.50%
Profit YoY (TTM): +18.88%

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 Sep 2026

Promoter holding: 71.92%

Quarter	September 2026	June 2026
Promoter %	71.92%	71.92%

Holder	Type	Holding	Previous	Change
RAJINDER KUMAR SINGHANIA	Promoter	23.35%	23.35%	0.00%
HARJEET SINGH ARORA	Promoter	12.90%	12.90%	0.00%
HARNEESH KAUR ARORA	Promoter	12.76%	12.76%	0.00%
G.S. AUTO LEASING LIMITED	Public	10.86%	10.86%	0.00%
JASHANJYOT SINGH ARORA	Promoter	8.07%	8.07%	0.00%
PARVEEN SINGHANIA	Promoter	8.05%	8.05%	0.00%
PUNEET SINGHANIA	Promoter	3.23%	3.23%	0.00%
SHARE INDIA SECURITIES LIMITED	Public	2.05%	1.37%	+0.68%
PALKA ARORA CHOPRA	Promoter	2.03%	2.03%	0.00%
SANGEETA PAREEKH	Public	1.27%	1.27%	0.00%
CHIRAG SINGHANIA	Promoter	0.96%	0.96%	0.00%
ROHILA SINGHANIA	Promoter	0.37%	0.37%	0.00%
PRIYANKA THUKRAL ARORA	Promoter	0.20%	0.20%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Billionbrains Garage Ventures Limited	1,29,989	207.20	48.27	29.40%	—	—	—
Motilal Oswal Financial Services Limited	61,021	1,012.00	22.58	—	+44.42% TTM	+33.22% TTM	+2.65%
360 ONE WAM LIMITED	43,647	1,070.00	35.01	—	+29.38% TTM	+10.69% TTM	-0.62%
Nuvama Wealth Management Limited	34,072	1,846.55	31.49	—	+12.91% TTM	+5.24% TTM	+29.07%
ANGEL ONE LIMITED	28,544	312.10	24.71	—	+21.25% TTM	+47.70% TTM	+23.81%
IIFL CAPITAL SERVICES LIMITED	11,025	349.40	17.95	—	+11.57% TTM	+4.74% TTM	+4.16%
Share India Securities Limited	4,007	183.10	10.99	—	—	—	-1.19%
ANAND RATHI SHARE AND STOCK BROKERS LIMITED	3,059	484.75	21.25	23.90%	—	—	-9.82%
Monarch Networth Capital Limited	2,770	349.30	48.98	25.60%	+27.10% TTM	+23.98% TTM	+12.95%
ALGOQUANT FINTECH LIMITED S	2,263	80.51	46.64	17.40%	+43.78% TTM	+272.95% TTM	+23.09%
Geojit Financial Services Limited	1,956	70.08	34.67	—	+0.45% TTM	-44.36% TTM	-3.31%
SMC Global Securities Limited	1,947	92.98	16.60	—	+18.19% TTM	+18.55% TTM	+38.67%
5paisa Capital Limited	1,528	325.85	36.56	—	+8.98% TTM	-11.61% TTM	—
DOLAT ALGOTECH LIMITED	1,062	60.36	7.36	19.80%	-11.33% TTM	-21.22% TTM	-22.33%
Systematix Corporate Services Ltd.	1,051	76.96	-693.00	—	+13.26% TTM	-102.77% TTM	-53.65%
DAM Capital Advisors Limited	984	139.20	28.94	—	-34.18% TTM	-69.75% TTM	-44.87%
Master Trust Ltd.	968	78.69	6.89	—	+17.50% TTM	+18.88% TTM	-39.61%
Arihant Capital Markets Ltd.	955	87.11	26.23	—	+22.20% TTM	+6.82% TTM	-13.62%
Emkay Global Financial Services Ltd	715	258.85	14.44	—	+63.62% TTM	+124.59% TTM	-16.50%
Aditya Birla Money Ltd S	620	109.80	11.29	—	+22.33% TTM	-3.02% TTM	-31.59%
Shardul Securities Ltd.	448	51.17	15.52	—	+89.35% TTM	+137.11% TTM	+7.55%
Pune E - Stock Broking Limited	407	256.70	—	17.30%	—	—	+18.65%
Indo Thai Securities Limited	388	29.23	21.13	—	+91.76% TTM	-13.71% TTM	-92.36%
Almondz Global Securities Limited	349	18.27	8.83	—	+37.47% TTM	+104.50% TTM	+1.39%
Shah Investor's Home Limited	295	139.65	—	—	—	—	—

Filings & corporate actions

Recent announcements

Glimpse of Financial Performance and Highlights for the Quarter and Half Year Ended 30.09.20263 Nov 2026 · Company Update / General
The Board has considered and approved the Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended 30th September, 2026 pursuant to Regulation ....3 Nov 2026 · Board Meeting / Outcome of Board Meeting
Master Trust Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve un-audited financial results for ....23 Oct 2026 · Board Meeting / Board Meeting
PRESS RELEASE ISSUED BY WHOLLY OWNED SUBSIDIARY COMPANY I.E. MASTER CAPITAL SERVICES LIMITED17 Oct 2026 · Company Update / Press Release / Media Release
ANNOUNCEMENT UNDER REG 3015 Oct 2026 · Company Update / General
Acquisition of Shares in Future Colonizers and Constructions Limited through CIRP vide NCLT order12 Oct 2026 · Company Update / Acquisition
Acquisition of Shares in Future Colonizers & Construction Limited through CIRP vide NCLT order12 Oct 2026 · Company Update / Acquisition
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 20266 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submission of Voting Results and Scrutinizer Report for the 41st AGM held on Wednesday 30.09.20263 Oct 2026 · AGM/EGM / AGM
Grant of 3,15,100 stock options under "Master Trust Limited Employee Stock Option Plan 2025"1 Oct 2026 · Company Update / Allotment of ESOP / ESPS
PROCEEDINGS OF 41ST ANNUAL GENERAL MEETING30 Sep 2026 · AGM/EGM / AGM
Intimation of closure of trading window for the quarter ended 30.09.202625 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Participation in the Arihant Bharat Connect Conference : Rising Starts 2026, scheduled on 29th September, 2026 at 1.00 PM23 Sep 2026 · Company Update / General
The Exchange has received re-revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 15, 2026 for Harjeet ....15 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 10, 2026 for Harjeet ....10 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Book closure details of the 41st Annual General Meeting5 Sep 2026 · Company Update / General
Newspaper Publication of Notice of 41st Annual General Meeting of the Company5 Sep 2026 · Company Update / Newspaper Publication
REG 34 - ANNUAL REPORT 2025-20264 Sep 2026 · Others / Reg. 34 (1) Annual Report
REMOTE E-VOTING FOR THE 41ST ANNUAL GENERAL MEETING4 Sep 2026 · Company Update / General
NOTICE OF 41ST ANNUAL GENERAL MEETING4 Sep 2026 · AGM/EGM / AGM
OUTCOME OF MEETING OF BOARD OF DIRECTOR DATED 03.09.20263 Sep 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Analysts'/Investors' Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201527 Aug 2026 · Company Update / Analyst / Investor Meet
Master Trust Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/09/2026 ,inter alia, to consider and approve 1. TO CONSIDER AND APPROVE THE ....25 Aug 2026 · Board Meeting / Board Meeting
Announcement under Regulation 30 (LODR)-Analysts / Investors Meet to be held on 27.08.2026 at 03:00 PM in virtual mode21 Aug 2026 · Company Update / Analyst / Investor Meet
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 11, 2026 for Harjeet Singh Arora ....12 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 11, 2026 for Harjeet Singh Arora & Others11 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
REG 47 dISCLOSURE FOR nEWSPAPER PUBLICATION6 Aug 2026 · Company Update / Newspaper Publication
PRESS RELEASE DATED 05.08.20265 Aug 2026 · Company Update / Press Release / Media Release
GLIMPSE OF FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.20264 Aug 2026 · Company Update / General
OUTCOME OF BOARD MEETING OF THE MASTER TRUST LIMITED HELD ON 04.08.20264 Aug 2026 · Board Meeting / Outcome of Board Meeting
Master Trust Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Intimation of Board Meeting to ....27 Jul 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30.06.2026, received from M/s. Skyline Financial services Private Limited, ....14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Rajinder Kumar Singhania30 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Harjeet Singh Arora30 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Harjeet Singh Arora30 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Rajinder Kumar Singhania30 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Intimation regarding Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Annual Secretarial Compliance Report as on 31st March, 202628 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Grant of 9,45,200 stock options under "Master Trust Limited Employee Stock Option Plan 2025 (the "ESOP 2025") to the eligible employees.16 May 2026 · Company Update / Allotment of ESOP / ESPS
Publication of Audited Financial Results for the quarter and financial year ended 31.03.2026 in Desh Sewak (Punjabi) and Business Standard (English) on 14.05.2026.14 May 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Stock Split From Rs.5/- to Rs.1/-	30 Oct 2024	30 Oct 2024	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results