MAS Financial Services share price today

MAS Financial Services Ltd's share price was ₹252.82 at the close on 4 November 2026. It has been falling for 8 weeks. That is 15.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹245 and ₹347, and at that close it sat 8% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today MAS Financial Services Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 14 weeks running.

Over the last 9 years the share price moved +15% while the NIFTY 500 moved +142%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and highest quarterly profit in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹589 crore, +22.7% on a year earlier.

2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹115 crore, +26.4% on a year earlier.

3. Highest quarterly profit in 16 quarters

   Profit of ₹115 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), MAS Financial Services reported total income of ₹589 crore, up 22.7% from ₹480 crore a year earlier, and a profit of ₹115 crore, up 26.4% from ₹91.0 crore.

MAS Financial Services results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

MAS Financial Services' management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

MAS Financial Services closed at ₹252.82 on 4 November 2026, down 17.7% from ₹307.35 a year earlier (7 November 2025) and down 0.6% over five years. Its highest weekly close since October 2017 was ₹376.13 on 14 February 2020.

MAS Financial Services share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

478 weekly closes from 19 October 2017 to 4 November 2026.

4 Nov 2026: MAS Financial Services closed at ₹252.82, up 3.3% on the week and down 7.3% on the month. 29 Oct 2026: MAS Financial Services held its results call for July to September 2026.

Earlier

• Results for July to September 2026: Total income up 22.7% and profit up 26.4% on a year earlier.
• 25 Aug 2026: ex-date for a dividend of ₹0.75 a share, record date 26 Aug 2026.
• 4 Feb 2026: ex-date for an interim dividend of ₹1.25 a share.
• 22 Feb 2024: Bonus issue: 2 new shares for every 1 held (ex-date).

MAS Financial Services paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.79% at the ₹252.82 close on 4 November 2026. The last was a dividend of ₹0.75 a share, ex-date 25 August 2026.

MAS Financial Services dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. MAS Financial Services Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 29 October 2026, MAS Financial Services' management spoke about the quarter; the main points are below.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

What is changing at MAS Financial Services, from the latest results and calls: aum growth recovery to 20-25% corridor, two-wheeler portfolio yield expansion and cost of borrowing compression.

• AUM Growth Recovery to 20-25% Corridor. AUM hit ₹15,304 crore (+19% on a year earlier) in January to March 2026, sequential acceleration from 4% to 6% to (implied) 5-6% quarterly, returning to the 20-25% annual corridor in FY27. ⚠ estimate
• Two-Wheeler Portfolio Yield Expansion. Two-wheeler book grew 35.43% to ₹1,063 crore at 19-23% yields, now 7% of AUM, pulling consolidated yield +40 basis points on the previous quarter. ⚠ estimate
• Cost of Borrowing Compression. Cost of borrowing fell 42 basis points on a year earlier to 9.39% in January to March 2026 with management guiding further 14-15 basis points to 9.20-9.25% in 2-3 quarters via ECB, FDI, mutual fund channels. ⚠ estimate
• Housing Finance Profitability Inflection. Housing Finance profit +40% on a year earlier in Q4 (₹3.70 crore), full-year +34.88% (₹12.90 crore), profitability growing 2x faster than AUM at 22.41%, signaling operating leverage. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

Management added petrol pumps, gas agencies, chemicals, textiles to caution list in Feb-March; Middle East crisis surveyed 2,000-3,000 CV customers directly, stress not fully resolved.

The main risks

• MSME Credit Cycle Relapse (Middle East / Macro Stress): Management added petrol pumps, gas agencies, chemicals, textiles to caution list in Feb-March; Middle East crisis surveyed 2,000-3,000 CV customers directly, stress not fully resolved. ✓ fact
• Direct Assignment Income Quality (Amortization vs Up-Fronting): DA doubled on a year earlier to ₹940 crore in Q4; analyst challenged on potential income up-fronting; management confirmed amortization policy, but DA income mix is growing. ✓ fact

Our read after the latest results, written 17 May 2026.

When MAS Financial Services reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: April to June 2026 concall: are the 30-35 branch additions on track? Does headcount recover?

MAS Financial Services is on one of our India lists: 52 week high & low.

MAS Financial Services Ltd earned ₹115 Cr of net profit in the Sep 2026 quarter, +26.4% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹376 Cr. Over 10 years profit has grown 21.2% a year on average. That is 19.5% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹91.0 Cr.

For the full year, FY26 profit was ₹376 Cr (+19.7% on the year before).

Why profit moved: revenue changed +22.7% on a year earlier and the margin moved +0.5 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +23.6% and revenue +22.6%. Profit and revenue are moving at about the same pace.

MAS Financial Services Ltd reported ₹589 Cr of income in the Sep 2026 quarter, +22.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 20.5% a year on average. The last full year, FY26, came in at ₹1,998 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

Why this happened. The yield accretion story. Two-wheeler at 19-23% yield is significantly above portfolio average. The segment grew via automated LOS-driven origination with improved approval consistency. As this segment compounds from a small base (Rs 785 Cr to Rs 1,063 Cr), it mechanically lifts blended yield. The risk: management deflected on whether yield sustainability faces saturation pressure as the portfolio scales past Rs 1,100 Cr, suggesting internal uncertainty. Watch for yield compression signals in Q1 FY27.

The last four reported quarters add to ₹2,200 Cr.

FY26 revenue was ₹1,998 Cr, +25.0% on the year before.

Recent pace: the last four quarters grew +22.6% on average, against 20.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +22.6%, against +24.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +23.8%, against +21.7% a year (stabilising).

MAS Financial Services Ltd's net margin was 19.5% in the Sep 2026 quarter, 0.5 percentage points higher than the same quarter a year ago. Across 13 years it has been between 17.2% and 25.6%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why this happened. The core growth engine. After the MSME credit cycle slowdown in FY25, management had guided return to 20-25% growth 'within 2-3 quarters' on three separate occasions, each time resetting the timeline. However, the actual trajectory now shows AUM sequential growth accelerating: Q1 was 4% QoQ, Q2 approximately 6% QoQ, and Q4 standalone AUM grew to reach consolidated Rs 15,304 Cr. The product composition supporting this: MEL +20%, SME +15.78%, two-wheeler +35.43%, salaried personal loans +21%. Only CV was deliberately constrained at +11%. Management guided 20-25% FY27 AUM growth, with housing finance at 30-35%.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

MAS Financial Services Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up.

MAS Financial Services Ltd's revenue was ₹1,998 Cr in FY26, +25.0% on the year before, so the loan book is growing. The latest quarter was +22.7% on a year earlier. The net margin on that income is 19.5%, +0.5 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

MAS Financial Services Ltd's P/BV is 1.4×, about the lowest it has ever been. Its usual P/BV (the middle reading) is 3.1×, over 8.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.