BSE: 540749 | NSE: MASFIN | Finance Term Lending | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that MAS Financial Services Ltd is a good quality company.
The key valuation ratios of MAS Financial Services Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MAS Financial Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 0 | 0 | 364 | 477 | 605 | 710 | 627 | 690 | 979 | 1,279 | 1,327 | |
| YoY Gr. Rt. % | - | NA | NA | 31.1% | 26.8% | 17.4% | -11.6% | 10% | 41.8% | 30.7% | - | |
| Adj EPS (₹ ) | 0 | 0 | 5.1 | 6.4 | 9.4 | 10.2 | 8.8 | 9.7 | 12.4 | 15.3 | 15.5 | |
| YoY Gr. Rt. % | - | NA | NA | 24.8% | 47.2% | 9.2% | -13.8% | 10.3% | 27.7% | 23.5% | - | |
| BVPS (₹ ) | 0 | 0 | 22 | 47.5 | 55.8 | 60.2 | 72 | 82.3 | 92.6 | 108.7 | 133.3 | |
| YoY Gr. Rt. % | - | NA | NA | 116.2% | 17.5% | 7.8% | 19.5% | 14.4% | 12.5% | 17.4% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0 | 0 | 3.1 | 4.1 | 4.3 | 3.6 | 2.7 | 2.6 | 2.8 | 2.9 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | NA | 16.2% | 26.8% | 30.7% | ||||||||
| Adj EPS | NA | 10.4% | 20.3% | 23.5% | ||||||||
| BVPS | NA | 14.3% | 14.8% | 17.4% | ||||||||
| Share Price | - | -1.1% | 5% | -10.1% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 0 | 0 | 19.1 | 22.1 | 25.6 | 23.7 | 23.2 | 23.4 | 21 | 19.9 | 21.2 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0 | 0 | 24.5 | 19.8 | 18.3 | 17.7 | 13.4 | 12.7 | 14.4 | 15.4 | 11.6 | |
Total Income has increased 26.80 CAGR in last 3 years
Net Profit has increased 20.27 CAGR in last 3 years
Total income growth is good in last 4 quarters
Return on Equity has declined versus last 3 years average to 12.80%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15.3 | 15.5 |
| TTM Sales (₹ Cr.) | 1,297 | 1,327 |
| BVPS (₹.) ⓘ | 132.3 | 133.3 |
| Reserves (₹ Cr.) ⓘ | 2,235 | 2,237 |
| P/BV ⓘ | 1.98 | 1.97 |
| PE ⓘ | 17.14 | 16.90 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 260.85 / 387.70 |
| All Time Low / High (₹) | 121.67 / 423.00 |
| Market Cap (₹ Cr.) | 4,757 |
| Equity (₹ Cr.) | 181.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 13.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Income | 365 | 477 | 605 | 710 | 628 | 691 | 982 | 1,286 |
| Interest Income | 364 | 477 | 605 | 710 | 627 | 690 | 979 | 1,279 |
| Other Income ⓘ | 1 | 0 | 0 | 0 | 0 | 1 | 4 | 7 |
| Expenditure ⓘ | 259 | 309 | 367 | 480 | 432 | 475 | 711 | 947 |
| Interest Expense ⓘ | 165 | 187 | 225 | 299 | 286 | 340 | 500 | 656 |
| Operating Expenses ⓘ | 65 | 75 | 83 | 91 | 58 | 93 | 149 | 190 |
| Provisions | 29 | 47 | 59 | 90 | 87 | 42 | 61 | 100 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 106 | 168 | 238 | 230 | 196 | 217 | 272 | 340 |
| Taxes ⓘ | 37 | 63 | 83 | 62 | 50 | 55 | 66 | 86 |
| Profit After Tax | 69 | 105 | 155 | 168 | 146 | 161 | 206 | 254 |
| Adjusted EPS (₹) | 5.1 | 6.4 | 9.4 | 10.2 | 8.8 | 9.7 | 12.4 | 15.3 |
| Dividend Payout Ratio (%) | 20% | 19% | 18% | 26% | 6% | 10% | 10% | 23% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 332 | 779 | 916 | 987 | 1,180 | 1,350 | 1,519 | 1,783 | ||
| Share Capital ⓘ | 90 | 55 | 55 | 55 | 55 | 55 | 55 | 164 | ||
| Reserves ⓘ | 241 | 725 | 861 | 932 | 1,125 | 1,295 | 1,464 | 1,619 | ||
| Minority Interest | 14 | 12 | 19 | 19 | 20 | 23 | 26 | 36 | ||
| Long Term Borrowings | 613 | 1,012 | 1,755 | 2,083 | 2,420 | 3,142 | 4,785 | 6,301 | ||
| Current Liabilities | 1,271 | 1,147 | 1,496 | 1,988 | 2,057 | 2,114 | 1,733 | 1,497 | ||
| Trade Payables | 3 | 4 | 6 | 8 | 8 | 16 | 17 | 23 | ||
| Short term borrowings | 768 | 932 | 1,210 | 1,243 | 1,471 | 1,581 | 1,325 | 1,115 | ||
| Other Liabilities | -771 | -936 | -1,216 | -1,251 | -1,480 | -1,597 | -1,341 | -1,138 | ||
| Total Liabilities ⓘ | 2,231 | 2,950 | 4,185 | 5,077 | 5,677 | 6,629 | 8,064 | 9,617 | ||
Assets | ||||||||||
| Non Current Asset | 901 | 2,807 | 3,670 | 3,665 | 4,290 | 5,307 | 6,634 | 8,032 | ||
| Loan Asset | 738 | 2,746 | 3,483 | 3,602 | 4,063 | 4,800 | 6,246 | 7,719 | ||
| Other Non Current Asset ⓘ | 163 | 61 | 187 | 63 | 227 | 507 | 387 | 312 | ||
| Current Asset | 1,328 | 143 | 515 | 1,413 | 1,387 | 1,322 | 1,430 | 1,585 | ||
| Current Investment | 0 | 0 | 0 | 5 | 37 | 52 | 478 | 509 | ||
| Other Current Asset | 1,328 | 143 | 515 | 1,408 | 1,350 | 1,270 | 951 | 1,075 | ||
| Total Assets ⓘ | 2,231 | 2,950 | 4,185 | 5,077 | 5,677 | 6,629 | 8,064 | 9,617 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 15 | 19 | 28 | 31 | 26 | 29 | 37 | 15 | ||
| DPS (₹) | 3 | 4 | 5 | 8 | 2 | 3 | 4 | 4 | ||
| BVPS (₹) | 66 | 143 | 167 | 181 | 216 | 247 | 278 | 109 | ||
Performance Ratios | ||||||||||
| ROA (%) | 3.1 | 4.1 | 4.3 | 3.6 | 2.7 | 2.6 | 2.8 | 2.9 | ||
| ROE (%) | 24.5 | 19.8 | 18.3 | 17.7 | 13.4 | 12.7 | 14.4 | 15.4 | ||
| ROCE (%) | 16.5 | 18.3 | 17.1 | 15.2 | 11.4 | 10.6 | 11.5 | 11.8 | ||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 4.2 | 3.4 | 2.9 | 4.0 | 2.2 | 2.9 | 2.6 | ||
Having incepted back in 1995, MAS delivered financing solutions to those who needed it the most. The company is registered as non-banking financial company with the Reserve Bank of India.
With a plethora of retail finance options in its arsenal, MAS is focused on fulfilling the requirements of lower income and middle-income groups of the society. It offers Financial Services for Micro Enterprises Loans, SME Loans, Home Loans, Two Wheeler Loans, Used Car Loans, and Commercial Vehicle Loans to satisfy their varied needs. The focus remains on the vast lower income and middle income groups of the society, spread across urban, semi urban and rural areas, and including formal and informal sector.
Business of area of the company:
MAS Financial Services is registered as a systematically important non deposit taking non-banking finance Company (NBFC) with Reserve Bank of India (RBI). The company is engaged in the business of providing Micro Enterprise loans (MEL), Small and Medium Enterprise loans (SME), Two Wheeler loans (TW), Commercial Vehicle loans (CV) and loans to NBFCs - to create the underlying assets of MEL, SME, TW and CV.
Products:
Milestones
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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