MAS Financial Services Ltd
MAS Financial Services Ltd (MASFIN)

MAS Financial Services Ltd (MASFIN)

₹763.156.25%

Key Stats

₹727.85
Day's Price Range
₹765.65
₹460.3
52-Week Price Range
₹820
1 Month Return-4.53 %
3 Month Return46.12 %
1 Year Return-8.87 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 184
23.27
EPS
Rank 59
₹30.86
BVPS
Rank 71
₹241.01
Dividend Yield
Rank 101
0.18%
ROE
Rank 139
12.72%
Price To Book Ratio
Rank 236
2.97
Debt To Asset
Rank 68
0.78

Company Information

MAS Financial Services Limited is a Gujaratheadquartered NBFC with more than two decades of business operations. The companys business and financing products are primarily focused on middle and lower income customer segments spread across urban semi urban and rural areas and including formal and informal sector. The company 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 company has a strong distribution network of 78 branches in major cities of Gujarat Maharashtra Rajasthan Madhya Pradesh Tamil Nadu and Karnataka with around 3300 centers reach and more than 100 NBFCs also being the part of distribution arrangement. The Companys promoters have significant operational experience in the financial services sector in India. 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 bearing registration number 01.00241 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 nonpublic deposit taking NBFC the company received a certificate of registration bearing registration number B0100241 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 DEGDeutsche Investitionsund Entwicklungsgesellschaft MBH DEG. In 2013 the companys 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 companys AUM crossed Rs 2000 crore. During the year under review nonconvertible debentures NCDs issued by the company were listed on BSE Limited. In 2016 credit rating agency India Ratings Research upgraded its rating of the companys bank loans to Ind A with stable outlook. In 2017 the companys 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 201819 the companys 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/.
OrganisationMAS Financial Services Ltd
HeadquartersAhmedabad
IndustryFinance