# MAS Financial Services share price today (MAS Financial Services Ltd, NSE: MASFIN)

> MAS Financial Services share price today: ₹250.23 at the NSE close on 3 November 2026, down 18.1% in a year. MAS Financial Services (NSE: MASFIN) is worth ₹4,534 crore, trades at a P/BV of 1.4 and has closed between ₹244.65 and ₹346.75 over the past 52 weeks. > MAS Financial Services Ltd's earnings have grown faster than its share price. Earnings per share grew +19.6% in a year while the price moved −18.1%. MASFIN · Finance & Investments - MSME Lending · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mas-financial-services-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹250.23 (−18.1% in a year)
- P/BV: 1.4× (lower than 100% of the last 8.5 years)
- Revenue (Sep 2026): ₹589 Cr (+22.7% on a year ago)
- Profit (Sep 2026): ₹115 Cr (+26.4% on a year ago)
- Net margin: 19.5% (+0.5 points on a year ago)
- ROE: 13%, FY26
- ROA: 2.95%, latest

The main question: yearly earnings per share moved +19.6% while the share price moved −18.1%. ## What is the MAS Financial Services share price today? MAS Financial Services Ltd's share price was ₹250.23 at the close on 3 November 2026. It has been falling for 8 weeks. That is 16.1% 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 5% of the way up from that low. 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 +14% 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. ## What changed at MAS Financial Services this quarter? 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. ## What are MAS Financial Services' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹589 crore | ₹480 crore | +22.7% |
| Profit | ₹115 crore | ₹91.0 crore | +26.4% |
| Earnings per share | ₹6.24 | ₹4.98 | +25.3% |
| Net margin | 19.5% | 19.0% | +0.5 points |

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.)

## What is the MAS Financial Services share price history? MAS Financial Services closed at ₹250.23 on 3 November 2026, down 18.1% from ₹305.45 a year earlier (31 October 2025) and down 1.6% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹247.40 | +1.1% |
| 1 month ago · 1 Oct 2026 | ₹272.85 | −8.3% |
| 6 months ago · 30 Apr 2026 | ₹339.90 | −26.4% |
| 1 year ago · 31 Oct 2025 | ₹305.45 | −18.1% |
| 3 years ago · 3 Nov 2023 | ₹304.97 | −17.9% |
| 5 years ago · 4 Nov 2021 | ₹254.37 | −1.6% |
| Earliest weekly close in our records · 19 Oct 2017 | ₹219.63 | +13.9% |
| Highest weekly close since October 2017 · 14 Feb 2020 | ₹376.13 | −33.5% |
| Lowest weekly close since October 2017 · 26 Oct 2018 | ₹138.50 | +80.7% |
| 52-week high (weekly close) · 8 May 2026 | ₹346.75 | −27.8% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹244.65 | +2.3% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (478 weekly closes from 19 October 2017 to 3 November 2026.)

## What is the latest news on MAS Financial Services? 3 Nov 2026: MAS Financial Services closed at ₹250.23, up 1.1% on the week and down 8.3% 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). ## What dividend does MAS Financial Services pay? MAS Financial Services paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.80% at the ₹250.23 close on 3 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 25 Aug 2026 | ₹0.75 | Dividend | 26 Aug 2026 |
| 4 Feb 2026 | ₹1.25 | Interim | same day |
| 26 Aug 2025 | ₹0.70 | Dividend | 27 Aug 2025 |
| 5 Feb 2025 | ₹1 | Interim | same day |
| 4 Sep 2024 | ₹0.51 | Dividend | n/a |
| 22 Jan 2024 | ₹3 | Interim | same day |
| 19 Jul 2023 | ₹1.85 | Dividend | n/a |
| 10 Feb 2023 | ₹1.80 | Interim | 11 Feb 2023 |
| 12 Aug 2022 | ₹1.75 | Dividend | n/a |
| 10 Feb 2022 | ₹1.25 | Interim | 12 Feb 2022 |
| 17 Aug 2021 | ₹1.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did MAS Financial Services management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/7084-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What is the future of MAS Financial Services? What is changing in the business? 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.)

## What could change the MAS Financial Services story? What are the risks? 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.)

## What to watch in MAS Financial Services' next results? 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? | What to check | Why |
| --- | --- |
| April to June 2026 concall: are the 30-35 branch additions on track? Does headcount recover? | Management Guidance Credibility, Repeated Reset Pattern |
| Stage 3 assets > 2.70% or credit cost > 1.50% of AUM for two consecutive quarters. | MSME Credit Cycle Relapse (Middle East / Macro Stress) |
| Two-wheeler yield disclosure in April to June 2026 concall, any mention of yield compression or competitive pressure. | Two-Wheeler Yield Compression Under Scale |
| April to June 2026 concall update on BRE policy rule changes going live. | BRE Deployment Timeline Slippage |
| RBI regulatory guidance on DA income recognition; April to June 2026 NII bridge analysis. | Direct Assignment Income Quality (Amortization vs Up-Fronting) |

## Which stock lists is MAS Financial Services on? MAS Financial Services is on one of our India lists: 52 week high & low. [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is MAS Financial Services profitable? 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. 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. ## How much revenue does MAS Financial Services make, and is it growing? 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. 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). ## How much does MAS Financial Services keep from what it earns? 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. 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. ## How many of MAS Financial Services' loans have gone bad? 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. 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. ## How fast is MAS Financial Services' loan book growing? 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. 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. ## What is MAS Financial Services' P/BV ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year book value grew while the price moved −18.1%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved −0.3% a year; about +18.2% a year came from book-value growth and about −18.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## Is the MAS Financial Services business getting better or worse? MAS Financial Services Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 12.8%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the MAS Financial Services story, and has it been checked? MAS Financial Services Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: NEAR TROUGH WITH EARNINGS GROWTH. Still open: Branch expansion guidance changed 3x in 18 months; recovery timeline reset twice; housing finance goal missed consecutively, pattern of optimistic forward claims not delivered. Our read, 17 May 2026. From the numbers. Peak was 4.6x in Mar 2021. Earnings are growing: EPS Rs 4.71 to Rs 5.68 across Q1-Q4 FY26. From the price. Price stage 4, week 8, below its 200-day line, relative strength falling. From the research. Where they disagree. Peak was 4.6x in Mar 2021. Earnings are growing: EPS Rs 4.71 to Rs 5.68 across Q1-Q4 FY26. Stock is trading below its own fundamental anchor. What is proven. What is not proven yet. Branch expansion guidance changed 3x in 18 months; recovery timeline reset twice; housing finance goal missed consecutively, pattern of optimistic forward claims not delivered. The test written in advance. Management Guidance Credibility, Repeated Reset Pattern. Measured by: Management Guidance Credibility, Repeated Reset Pattern Q1 FY27 concall: are the 30-35 branch additions on track? Does headcount recover? by the next result. The test written in advance. MSME Credit Cycle Relapse (Middle East / Macro Stress). Measured by: MSME Credit Cycle Relapse (Middle East / Macro Stress) Stage 3 assets > 2.70% or credit cost > 1.50% of AUM for two consecutive quarters by the next result. The test written in advance. Two-Wheeler Yield Compression Under Scale. Measured by: Two-Wheeler Yield Compression Under Scale Two-wheeler yield disclosure in Q1 FY27 concall, any mention of yield compression or competitive pressure by the next result. What the company does. FY26 PAT Rs 376 Cr (+20% YoY), AUM Rs 15,304 Cr (+19% YoY), three milestones achieved: Rs 15,000 Cr AUM, Rs 500 Cr PBT, Rs 100 Cr quarterly PAT. Credit cycle turning: proactive write-offs buffer now deployed, 1-90 DPD cohorts improving, cost of borrowing falling 42 bps YoY, profitability compounding from a clean base. The dot is where the company is now; the dashed line is the level that would settle the question; a tinted band is where management says it is heading. Lever 1 · Operating leverage: building. AUM hit Rs 15,304 Cr (+19% YoY) in Q4 FY26, sequential acceleration from 4% to 6% to (implied) 5-6% quarterly, returning to the 20-25% annual corridor in FY27. What proves it keeps working: AUM Growth Recovery to 20-25% Corridor. It stops working if Q1 FY27 concall: are the 30-35 branch additions on track? Does headcount recover? Lever 12 · New product launch: building. Two-wheeler book grew 35.43% to Rs 1,063 Cr at 19-23% yields, now 7% of AUM, pulling consolidated yield +40 bps QoQ. What proves it keeps working: Two-Wheeler Portfolio Yield Expansion. It stops working if Q1 FY27 concall: are the 30-35 branch additions on track? Does headcount recover? Lever 5 · Regulatory approval: building. Cost of borrowing fell 42 bps YoY to 9.39% in Q4 FY26 with management guiding further 14-15 bps to 9.20-9.25% in 2-3 quarters via ECB, FDI, mutual fund channels. What proves it keeps working: Cost of Borrowing Compression. It stops working if Q1 FY27 concall: are the 30-35 branch additions on track? Does headcount recover? Lever 7 · Consolidation: building. Housing Finance PAT +40% YoY in Q4 (Rs 3.70 Cr), full-year +34.88% (Rs 12.90 Cr), profitability growing 2x faster than AUM at 22.41%, signaling operating leverage. What proves it keeps working: Housing Finance Profitability Inflection. It stops working if Q1 FY27 concall: are the 30-35 branch additions on track? Does headcount recover? Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did MAS Financial Services management deliver what it promised? What MAS Financial Services Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. ROA Guidance Ceiling Lowered · 29 October 2026. In the Jul 2026 call, management stated a 2.75%-3.25% ROA range. In the Oct 2026 call, the upper end was reduced to 3.0%, a material 25-basis-point reduction in the stated goal that could lower modeled earnings capacity; management did not explicitly reconcile the change with the prior 3.25% ceiling. Asset Quality Stress Narrative Shifted · 29 October 2026. In the Jul 2026 call, management said the relevant conflict-related stress had not materially appeared and emphasized borrower resilience. In the Oct 2026 call, it said continuous MSME stress over the last 1 to 1.5 years was contributing to rising GNPA, a broader and more adverse explanation that should be reconciled with the earlier statement. Direct Distribution Goal Raised · 30 July 2026. In the February 2026 call, management described 50%-60% direct distribution as the aspirational level. In the July 2026 call, it raised the explicit goal to over 70% within 8 to 12 quarters, a material change in channel mix and timing that management did not explain. Branch Expansion Plan Step-Up Unexplained vs Prior Guidance · 30 April 2026. In the Nov 2025 call, management explicitly stated they would not be aggressive on branch opening, prioritizing efficiency gains in existing branches. At the Feb 2026 Company Day held just two months before the latest call, an annual branch addition goal of 20-25 new branches per year was communicated to shareholders. The Apr 2026 call then guided to 30-35 new branches for the current year - a 40-75% increase over the Feb 2026 stated pace - without specifically explaining this step-up, which materially impacts opex models and the efficiency-first narrative that had been used to anchor shareholder expectations. Every quote above is taken word for word from the company’s own earnings calls. ## What is MAS Financial Services management's track record? No significant issues found. (Checked 15 March 2026.)

## How much does MAS Financial Services earn on its equity and assets? MAS Financial Services Ltd earned a return on equity of 13% in FY26. Its lowest yearly reading on file was 13% in FY21. On its assets, every ₹100 earned about ₹2.95, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why: the ROE chart shows the move, but the deposit-cost and bad-loan details behind it are not in our data. ## Does MAS Financial Services have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the MAS Financial Services shareholding pattern? No group of MAS Financial Services Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.1 points over the same period, to 2.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.2 points over 8 quarters, to 20.0%; Foreign institutions: −0.1 points over 8 quarters, to 2.7%; Promoters: +0.0 points over 8 quarters, to 66.7%. ## How far is MAS Financial Services from balance-sheet trouble? For MAS Financial Services Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. Why this happened. Cost of borrowing fell 42 bps YoY to 9.39% in Q4 FY26 with management guiding further 14-15 bps to 9.20-9.25% in 2-3 quarters via ECB, FDI, mutual fund channels. ## How does MAS Financial Services rank in its industry? 57.2 out of 100, rank 3 of 6 in Finance & Investments - MSME Lending, with 88% of the evidence available. MAS Financial Services Ltd scores 57.2 out of 100 against the 6 companies it is compared with in Finance & Investments - MSME Lending, ranking 3. Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -19.9%. The four parts add up to the total exactly: 24.7 + 15.8 + 15.9 + 0.8 = 57.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is MAS Financial Services compared with? MAS Financial Services ranks 3 of 6 Finance & Investments - MSME Lending companies on the 4-Factor Sector Score, with 57.2 out of 100. 1. [SBFC Finance Ltd](https://www.sectoralpha.in/stocks/sbfc-finance-ltd) SBFC · turning · Most evidence points up · 93% evidence 65.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Income 28.4% · Profit 30.1% · 100% evidence Capital efficiency 17.1/25 · ROA 3.7% · ROE 13% · GNPA n/a · 72% evidence Valuation 11.0/20 · P/BV 2.31× · P/BV÷ROE 0.18 · 100% evidence Relative strength 14.7/20 · Lead over its industry 2% · Lead over NIFTY 500 -6.6% · 1 year -26% · 100% evidence · 2 of 12 weeks ahead Exact sum: 23 + 17.1 + 11 + 14.7 = 65.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [SG Finserve Ltd](https://www.sectoralpha.in/stocks/sg-finserve-ltd) SGFIN · turning · Evidence leans up · 82% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Income 100% · Profit 85.2% · 86% evidence Capital efficiency 13.6/25 · ROA 3.1% · ROE 10.3% · GNPA n/a · 72% evidence Valuation 5.0/20 · P/BV 2.84× · P/BV÷ROE 0.28 · 70% evidence Relative strength 18.5/20 · Lead over its industry 49.2% · Lead over NIFTY 500 36.6% · 1 year 77.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 26.8 + 13.6 + 5 + 18.5 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. MAS Financial Services Ltd this page MASFIN · quiet · Evidence leans up · 88% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Income 22.6% · Profit 23.8% · 86% evidence Capital efficiency 15.8/25 · ROA 2.7% · ROE 13.4% · GNPA n/a · 72% evidence Valuation 15.9/20 · P/BV 1.38× · P/BV÷ROE 0.1 · 100% evidence Relative strength 0.8/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -16.6% · 1 year -19.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.7 + 15.8 + 15.9 + 0.8 = 57.2 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -19.9%. 4. [Five-Star Business Finance Ltd](https://www.sectoralpha.in/stocks/five-star-business-finance-ltd) FIVESTAR · quiet · Evidence leans down · 85% evidence 46.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.1/35 · Income 8.3% · Profit 1% · 100% evidence Capital efficiency 20.8/25 · ROA 6.9% · ROE 16.1% · GNPA 3.5% · 100% evidence Valuation 11.6/20 · P/BV 1.48× · P/BV÷ROE 0.09 · 100% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -16.1% · 1 year -39.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 5.1 + 20.8 + 11.6 + 9.1 = 46.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Ugro Capital Ltd UGROCAP · quiet · Most evidence points down · 93% evidence 31.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Income 16.5% · Profit -6% · 83% evidence Capital efficiency 8.9/25 · ROA 0.8% · ROE 4.6% · GNPA 2.6% · 95% evidence Valuation 8.0/20 · P/BV 0.4× · P/BV÷ROE 0.09 · 100% evidence Relative strength 5.4/20 · Lead over its industry -26.9% · Lead over NIFTY 500 -33.3% · 1 year -60.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 9.3 + 8.9 + 8 + 5.4 = 31.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Moneyboxx Finance Ltd](https://www.sectoralpha.in/stocks/moneyboxx-finance-ltd) MONEYBOXX · Most evidence points down · 64% evidence 30.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/43.75 · Income 16.5% · Profit 8.1% · 75% evidence Capital efficiency 4.4/31.25 · ROA 0.1% · ROE 0.5% · GNPA n/a · 72% evidence Valuation 3.0/25 · P/BV 1.43× · P/BV÷ROE 2.98 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.4 + 4.4 + 3 = 30.8 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance & Investments - MSME Lending](https://www.sectoralpha.in/sectors/finance-investments-msme-lending), all 6 compared on one page. ## Which companies are close to MAS Financial Services in size? MAS Financial Services is the 4th largest of 5 Finance & Investments - MSME Lending companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Five-Star Business Finance, SBFC Finance and SG Finserve. Just below it: Moneyboxx Finance. ### Finance & Investments - MSME Lending companies close in size

1. [Five-Star Business Finance Ltd](https://www.sectoralpha.in/stocks/five-star-business-finance-ltd) ₹11,715 crore
2. [SBFC Finance Ltd](https://www.sectoralpha.in/stocks/sbfc-finance-ltd) ₹9,381 crore
3. [SG Finserve Ltd](https://www.sectoralpha.in/stocks/sg-finserve-ltd) ₹4,540 crore
4. MAS Financial Services Ltd ₹4,439 crore
5. [Moneyboxx Finance Ltd](https://www.sectoralpha.in/stocks/moneyboxx-finance-ltd) ₹424 crore

[All 5 Finance & Investments - MSME Lending companies, largest first](https://www.sectoralpha.in/sectors/finance-investments-msme-lending#all-companies)

### Companies close in size in other industries

1. [Savita Oil Technologies Ltd](https://www.sectoralpha.in/stocks/savita-oil-technologies-ltd) ₹4,452 crore · Petrochem - Others
2. [Praj Industries Ltd](https://www.sectoralpha.in/stocks/praj-industries-ltd) ₹4,443 crore · Capital Goods - Engineering Heavy
3. MAS Financial Services Ltd ₹4,439 crore
4. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) ₹4,436 crore · Steel - Tubes/Pipes
5. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) ₹4,433 crore · IT - Software

## What else do people ask about MAS Financial Services? ### What is MAS Financial Services's share price today? MAS Financial Services Ltd's share price is ₹250.23, −18.1% over the past year. The whole company is worth ₹4,534 Cr on the market. In the last 52 weeks it traded between ₹245 to ₹347; today it is 5% of the way up from the low, 16.1% below its 200-day average (as of 3 November 2026). ### What were MAS Financial Services's latest quarterly results? MAS Financial Services Ltd reported total income of ₹589 Cr and net profit of ₹115 Cr for the Sep 2026 quarter. Income rose 22.7% and profit rose 26.4% compared with a year earlier. Earnings per share were ₹6.24 (as of 3 November 2026). ### What is MAS Financial Services's market cap? MAS Financial Services Ltd's market capitalisation is ₹4,534 Cr at a share price of ₹250.23. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is MAS Financial Services performing? MAS Financial Services Ltd's share price has been falling for 8 weeks. In its latest quarter, income rose 22.7% and profit rose 26.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will MAS Financial Services's share price go up? This page does not forecast MAS Financial Services Ltd's share price. What it shows instead: the share price is ₹250.23, and it has been falling for 8 weeks. Its P/BV of 1.4× is higher than 0% of its own last 9 years (as of 3 November 2026). ### Who owns MAS Financial Services? Promoters own 66.7% of MAS Financial Services Ltd, foreign institutions 2.7%, domestic institutions 20.0% and the public 10.7% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is MAS Financial Services in its business cycle? MAS Financial Services Ltd's FY26 net margin was 18.8%, against a 13-year range of 17.2% to 25.6%: the low end of its own range, which is often where recoveries start. The latest quarter was 19.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the MAS Financial Services story? The main question: yearly earnings per share moved +19.6% while the share price moved −18.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is MAS Financial Services a stock worth studying right now? What the numbers show: MAS Financial Services Ltd's earnings have grown faster than its share price. Earnings per share grew +19.6% in a year while the price moved −18.1%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a MAS Financial Services share price forecast for 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. What would change the story: 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. ### Where does this page get MAS Financial Services' management information? From MAS Financial Services' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

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