MAS FINANCIAL SERV LTD (MASFIN) financials

MAS FINANCIAL SERV LTD (MASFIN) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

MAS Financial Services Limited is a non-deposit taking NBFC registered with the RBI. It is engaged in offering retail financing products for MSMEs, home loans, two-wheeler loans, used car loans and commercial vehicle loans.[1]

Market Cap: ₹4,863Cr.
Current Price: ₹268
Stock P/E: 12.6
ROE: 13.2%
ROCE: 11.3%
Book Value: ₹163
Dividend Yield: 0.75%
52W High / Low: ₹359/261

In Jun 2026, MAS FINANCIAL SERV LTD (MASFIN) reported sales ₹531 Cr and net profit ₹105 Cr.

Annual TTM: sales ₹1,983 Cr, net profit ₹384 Cr.

Shareholding: Promoters 66.66% (Sep 2026), FIIs 2.67% (Sep 2026), DIIs 19.99% (Sep 2026), Public 10.69% (Sep 2026), No. of Shareholders 39,282% (Sep 2026).

MASFIN quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	365	390	417	443	456	481	514	531
Interest	175	185	191	206	212	219	222	222
Expenses	88	99	116	124	125	134	160	166
Financing Profit	101	106	111	114	119	129	133	143
Financing Margin %	28%	27%	26%	26%	26%	27%	26%	27%
Other Income	2	0	-0	0	3	-4	2	-1
Depreciation	1	1	1	1	2	2	2	2
Profit before tax	102	105	109	112	120	123	133	140
Tax %	25%	26%	26%	25%	25%	27%	25%	25%
Net Profit	77	78	81	84	90	90	100	105
EPS in Rs	4.22	4.30	4.45	4.62	4.94	4.98	5.50	5.76
Gross NPA %	—	2.41%	2.44%	2.49%	2.53%	2.56%	2.57%	2.58%
Net NPA %	—	1.62%	1.62%	1.63%	1.69%	1.72%	1.70%	1.70%
Raw PDF	—	—	—	—	—	—	—	—

MASFIN profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue	672	594	656	939	1,228	1,521	1,898	1,983
Interest	275	266	321	476	617	730	865	875
Expenses	164	129	123	196	277	375	536	584
Financing Profit	234	198	212	267	334	416	498	523
Financing Margin %	35%	33%	32%	28%	27%	27%	26%	26%
Other Income	-3	-3	1	1	1	-0	-2	0
Depreciation	2	2	2	2	4	5	6	7
Profit before tax	228	193	211	265	331	410	489	517
Tax %	27%	26%	25%	24%	25%	25%	26%	—
Net Profit	167	144	158	201	248	306	364	384
EPS in Rs	10.16	8.75	9.61	12.25	15.11	16.86	20.04	21.18
Dividend Payout %	26%	6%	10%	10%	23%	10%	10%	—

MASFIN balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	55	55	55	55	55	164	181	181
Reserves	855	926	1,118	1,286	1,451	1,605	2,404	2,771
Borrowing	2,020	2,580	3,294	4,232	5,838	7,049	8,726	9,765
Other Liabilities	774	1,011	711	492	335	291	353	384
Total Liabilities	3,704	4,572	5,178	6,064	7,678	9,109	11,664	13,101
Fixed Assets	12	13	11	13	16	22	24	71
CWIP	46	48	50	52	58	70	92	127
Investments	22	38	235	538	826	788	1,594	1,058
Other Assets	3,624	4,473	4,881	5,461	6,778	8,229	9,955	11,845
Total Assets	3,704	4,572	5,178	6,064	7,678	9,109	11,664	13,101

MASFIN cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-400	189	-575	-820	-1,342	-1,283	-1,009	-1,672
Cash from Investing Activity	4	-7	-200	-809	-292	26	-835	451
Cash from Financing Activity	713	487	715	935	1,601	1,197	2,104	993
Net Cash Flow	318	669	-60	-694	-33	-60	260	-228
Free Cash Flow	-402	185	-577	-825	-1,352	-1,303	-1,038	-1,762
CFO/OP	-74%	53%	-113%	-142%	-173%	-127%	-80%	-114%

MASFIN shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	66.63%	66.63%	66.63%	66.63%	66.63%	66.66%	66.66%	66.66%
FIIs	3.02%	3.12%	3.07%	3.18%	3.13%	3.46%	3.69%	2.67%
DIIs	20.02%	20.13%	19.99%	20.15%	20.23%	20.04%	19.68%	19.99%
Public	10.34%	10.12%	10.32%	10.04%	10.01%	9.86%	9.97%	10.69%
No. of Shareholders	51,148	49,599	46,496	43,237	42,016	40,107	39,685	39,282

MASFIN key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	18%	18%	14%	13%	14%	15%	14%	13%

MASFINUpdated 13 Oct 2026, 4:57

Mas Financial Serv Ltd

MASFINUpdated 13 Oct 2026, 4:57

Market Cap

₹4,863Cr.

Current Price

₹268

High / Low

₹359/261

Stock P/E

12.6

ROE13.2%

ROCE11.3%

Book Value₹163

Face Value₹10.0

Dividend Yield0.75%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)	Gross NPA	Net NPA
Jun 2023	279	143	61	75	27	2	1	76	24	57	3.49	2.13	1.47
Sep 2023	294	146	69	79	27	2	1	80	25	60	3.66	—	—
Dec 2023	320	164	73	83	26	2	1	85	26	62	3.81	2.23	1.48
Mar 2024	329	162	77	91	28	1	1	91	25	68	4.15	2.25	1.51
Jun 2024	346	172	80	95	27	1	1	94	25	70	3.88	2.29	1.52
Sep 2024	365	175	88	101	28	2	1	102	25	77	4.22	—	—
Dec 2024	390	185	99	106	27	0	1	105	26	78	4.3	2.41	1.62
Mar 2025	417	191	116	111	26	0	1	109	26	81	4.45	2.44	1.62
Jun 2025	443	206	124	114	26	0	1	112	25	84	4.62	2.49	1.63
Sep 2025	456	212	125	119	26	3	2	120	25	90	4.94	2.53	1.69
Dec 2025	481	219	134	129	27	-4	2	123	27	90	4.98	2.56	1.72
Mar 2026	514	222	160	133	26	2	2	133	25	100	5.5	2.57	1.7
Jun 2026	531	222	166	143	27	-1	2	140	25	105	5.76	2.58	1.7

Profit & loss

Annual statement₹ Cr.

Year	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	226	107	60	60	26	0	1	59	34	39	8.09
Mar 2016	294	136	76	82	28	0	1	82	35	53	11.12
Mar 2017	341	152	85	104	30	0	1	103	35	67	5.23
Mar 2018	451	171	111	168	37	-2	1	165	37	103	6.31
Mar 2019	572	205	130	237	41	-2	1	234	35	152	9.28
Mar 2020	672	275	164	234	35	-3	2	228	27	167	10.16
Mar 2021	594	266	129	198	33	-3	2	193	26	144	8.75
Mar 2022	656	321	123	212	32	1	2	211	25	158	9.61
Mar 2023	939	476	196	267	28	1	2	265	24	201	12.25
Mar 2024	1228	617	277	334	27	1	4	331	25	248	15.11
Mar 2025	1521	730	375	416	27	0	5	410	25	306	16.86
Mar 2026	1898	865	536	498	26	-2	6	489	26	364	20.04
TTM	1983	875	584	523	26	0	7	517	—	384	21.18

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	66.66%
FIIs	2.67%
DIIs	19.99%
Public	10.69%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	73.72%	1.63%	8.43%	16.21%
Mar 2024	73.72%	1.79%	14.42%	10.06%
Jun 2024	66.63%	3.58%	20.41%	9.38%
Sep 2024	66.63%	2.72%	20.23%	10.41%
Dec 2024	66.63%	3.02%	20.02%	10.34%
Mar 2025	66.63%	3.12%	20.13%	10.12%
Jun 2025	66.63%	3.07%	19.99%	10.32%
Sep 2025	66.63%	3.18%	20.15%	10.04%
Dec 2025	66.63%	3.13%	20.23%	10.01%
Mar 2026	66.66%	3.46%	20.04%	9.86%
Jun 2026	66.66%	3.69%	19.68%	9.97%
Sep 2026	66.66%	2.67%	19.99%	10.69%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	16	85	333	1488	4	0	11	1472	1488
Mar 2016	16	118	392	1814	6	0	11	1797	1814
Mar 2017	43	237	581	2024	7	0	11	2006	2024
Mar 2018	55	719	639	2698	57	0	13	2628	2698
Mar 2019	55	855	774	3704	12	46	22	3624	3704
Mar 2020	55	926	1011	4572	13	48	38	4473	4572
Mar 2021	55	1118	711	5178	11	50	235	4881	5178
Mar 2022	55	1286	492	6064	13	52	538	5461	6064
Mar 2023	55	1451	335	7678	16	58	826	6778	7678
Mar 2024	164	1605	291	9109	22	70	788	8229	9109
Mar 2025	181	2404	353	11664	24	92	1594	9955	11664
Mar 2026	181	2771	384	13101	71	127	1058	11845	13101

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-240	-2	277	35
Mar 2016	-243	-1	206	-38
Mar 2017	-134	-4	-1	-139
Mar 2018	-366	-49	417	2
Mar 2019	-400	4	713	318
Mar 2020	189	-7	487	669
Mar 2021	-575	-200	715	-60
Mar 2022	-820	-809	935	-694
Mar 2023	-1342	-292	1601	-33
Mar 2024	-1283	26	1197	-60
Mar 2025	-1009	-835	2104	260
Mar 2026	-1672	451	993	-228

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	44%	45%	33%	20%	18%	18%	14%	13%	14%	15%	14%	13%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MAS FINANCIAL SERV LTD (MASFIN)?

The reported market capitalisation for MAS FINANCIAL SERV LTD (MASFIN) is ₹4,863Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MASFIN?

The current price shown for MAS FINANCIAL SERV LTD (MASFIN) on Fincrux is ₹268 with a 52-week high/low of ₹359/261.

What is the P/E ratio of MAS FINANCIAL SERV LTD (MASFIN)?

The stock P/E for MAS FINANCIAL SERV LTD (MASFIN) is 12.6 on Fincrux, with ROE at 13.2% and ROCE at 11.3%.

What were MASFIN latest quarterly results?

For Jun 2026, MAS FINANCIAL SERV LTD (MASFIN) reported sales ₹531 Cr and net profit ₹105 Cr (figures in ₹ crore unless noted).

What are MASFIN annual sales and net profit?

For TTM, MAS FINANCIAL SERV LTD (MASFIN) shows sales of ₹1,983 Cr and net profit of ₹384 Cr on the Fincrux profit & loss statement.

Who owns MAS FINANCIAL SERV LTD (MASFIN)?

Latest shareholding for MAS FINANCIAL SERV LTD (MASFIN) on Fincrux: Promoters 66.66% (Sep 2026), FIIs 2.67% (Sep 2026), DIIs 19.99% (Sep 2026), Public 10.69% (Sep 2026), No. of Shareholders 39,282% (Sep 2026).

Where can I find MAS FINANCIAL SERV LTD (MASFIN) financials?

MAS FINANCIAL SERV LTD (MASFIN) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MASFIN balance sheet and cash flow?

Yes. The MAS FINANCIAL SERV LTD (MASFIN) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 4:57