MAS Financial Services Ltd

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NSEBSE

331.30-7.05 (-2.08%)

12:00 AM,23rd Feb 2024

331.45-7.60 (-2.24%)

12:00 AM,23rd Feb 2024

BSE : 540749

NSE : MASFIN

Sector : Financials

ISIN Code : INE348L01012

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Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)

5432

Turnover (₹ Cr)

0.81

Volume (Shares)

243904

Face Value

10

52-WK High

387.95

52-WK High Date

22 Feb 2024

52-WK Low

226.53

52-WK Low Date

18 Apr 2023

All Time High

423.33

All Time High Date

13 Feb 2020

All Time Low

122.65

All Time Low Date

23 Oct 2018

MAS Financial Services Ltd

MAS Financial Services Limited is a Gujarat-headquartered NBFC with more than two decades of business operations. The Company operates out of Ahmedabad and specialises in providing retail financing services to the lower and middle-income groups of society. The Company offers financial services for Micro Enterprises Loans SME Loans Home Loans Two Wheeler Loans Used Car Loans Salaried Personal Loan Housing Loans and Commercial Vehicle Loans to satisfy their varied needs. Its operations span a strong distribution network across 149 branches strategically located in Gujarat Maharashtra Rajasthan Madhya Pradesh Chhattisgarh Tamil Nadu Karnataka and Delhi NCR.MAS Financial Services Limited was incorporated as a Public Limited Company on May 25 1995 at Ahmedabad. The Company received a Certificate for Commencement of Business on May 29 1995. The Company was initially registered as a Category A (public deposit taking) NBFC pursuant to a Certificate of Registration dated May 8 1998 issued by the RBI. In 2006 the Company received investment from Bellwether Microfinance Trust. During the year under review MAS Rural Housing & Mortgage Finance Limited (MRHMFL) was incorporated as a subsidiary of the company. MRHMFL is primarily engaged in providing housing finance.Upon conversion of the company to a Category B (non-public deposit taking) NBFC the company received a certificate of registration (bearing registration number B-01-00241) dated January 15 2007 issued by the RBI.In 2008 the company received investment from Nederlandse Financierings - Maatschappij voor Ontwikkelingslanden N.V. (FMO) and ICICI Venture Fund Management Company Limited.In 2010 the company developed and implemented customised Enterprise Resource Planning system called `MASEX'. In 2012 the company received investment from DEG-Deutsche Investitions-und Entwicklungsgesellschaft MBH (DEG). In 2013 the company's assets under management (AUM) crossed Rs 1000 crore.In 2014 Sarva Capital then known as Lok Capital II LLC purchased 2.17 crore compulsorily convertible cumulative preference shares of the company from FMO.In 2015 the company's AUM crossed Rs 2000 crore. During the year under review non-convertible debentures (NCDs) issued by the company were listed on BSE Limited. In 2016 credit rating agency India Ratings & Research upgraded its rating of the company's bank loans to 'Ind A' with stable outlook. In 2017 the company's AUM crossed Rs 3000 crore. The company came out with an initial public offer (IPO) during the period from 6 October 2017 to 10 October 2017. The IPO was a combination of fresh issue of Rs 233 crore and an offer for sale of up to Rs 227.04 crore by the selling shareholders. The stock debuted at Rs 660 on BSE on 18 October 2017 a premium of 43.79% compared with the IPO price of Rs 459 per share.During the financial year 2018-19 the company's AUM crossed Rs 4000 crore.During the year 2018 the Company raised fund via initial public offering of 10039277 equity shares (comprising of fresh issue of 5092829 equity shares and offer for sale of 4946448 equity shares) of face value of Rs 10 each. During the year 2019 the Company started operations in Diyodar and Bhilwara.During FY 2019 the Company made investment in the equity share capital of its subsidiary MAS Rural Housing & Mortgage Finance Limited up to a sum of Rs 90000000/-.During the year 2020 Company has started operations in Gujarat Madhya Pradesh Maharashtra and added one more branch each in Jaipur and Jodhpur cities of Rajasthan.The Company has 69 branches Pan India as on March 31 2022. As on April 1 2022 the Company had 125 branches in 7 territories Gujarat Maharashtra Rajasthan Madhya Pradesh Tamil Nadu Karnataka and Delhi NCR.The Company has 73 branches Pan India as on March 31 2023. MAS had 268 sourcing intermediates for its Commercial Vehicle Loans and 242 for its Two-Wheeler Loans. As on March 31 2023 the total borrowings of the Company stood at Rs 5908.21 crore. Around 85% of the asset portfolio comprises of MSME loans which qualifies as Priority Sector Lending.During the year 2022-23 MASFIN Insurance Broking Private Limited was incorporated as New subsidiary effective 05 August 2022. The Company opened 6 branches in Gujarat 2 branches in Maharashtra 3 branches in Rajasthan 9 branches in Madhya Pradesh 3 branches in Karnataka along with a fresh location of Chhattisgarh. At the end of the FY 2022-23 the total branches were 149 and the Company served 9000+ Customer locations.

MAS Financial Services Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

5432

EPS - TTM (₹) [S]

14.35

P/E Ratio (X) [S]

3.33

Face Value (₹) 10
Latest Dividend (%)30.00
Latest Dividend Date 23 Jan 2024
Dividend Yield (%) 0.37
Book Value Share (₹) [S]99.46
P/B Ratio (₹) [S]3.33
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Banking & Financial Services Fund-Reg (G) 0.63 6304 1.99
Groww Banking & Financial Services Fund-Reg (IDCW) 0.63 6304 1.99
Groww Banking & Financial Services Fund-Dir (G) 0.63 6304 1.99
Groww Banking & Financial Services Fund-Dir (IDCW) 0.63 6304 1.99
Groww Nifty Total Market Index Fund-Regular (G) 0.01 88 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 88 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

330.00

338.35

Week Low/High

319.70

388.00

Month Low/High

319.70

388.00

Year Low/High

226.53

388.00

All time Low/High

121.67

423.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-0.79%-0.77%1.290.78%
1 Month-1.96%-2.27%4.244.59%
3 Month17.82%17.98%11.1212.17%
6 Month20.75%20.73%12.1114.24%
1 Year17.66%17.52%23.0726.85%
3 Year18.34%18.56%47.4551.03%

Company Info

Company Information

Chairman & Managing Director : KAMLESH CHIMANLAL GANDHI

Whole Time Director & CFO : MUKESH CHIMANLAL GANDHI

Executive Director & COO : Darshana Saumil Pandya

Independent Director : BALABHASKARAN

Independent Director : CHETAN RAMNIKLAL SHAH

Independent Director : Umesh Rajanikant Shah

Company Secretary : Riddhi Bhaveshbhai Bhayani

Registered Office: 6 Narayan Chambers Ground Flr, Behind PatangHotel Ashram Road,Ahmedabad,Gujarat-380009 Ph: 91-79-30016500

Email:secretarial@mas.co.in

URL:http://www.mas.co.in