Nifty

:

25454.35

Sensex

:

82498.14

-365.00 (-1.41%)
-1236.11 (-1.48%)

Login

Nifty
Sensex

:
:

25454.35
82498.14

-365.00 (-1.41%)
-1236.11 (-1.48%)

MAS Financial Services Ltd.

Finance - NBFC

Rating :

70/99

BSE: 540749 | NSE: MASFIN

Watchlist

NSE BSE

330.75

19-Feb-2026

Open
High
Low
Previous Close

340
340.05
330
337.00

Volume
Traded Value (lacs)
52 Week High
52 Week Low

84851
28356151.4
350.45
220.06

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,995.22
17.10
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

12,108.06
0.51%
2.06

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

17.87
20.53
17.71

EBITDA CAGR (%)

10 Years
5 Years
3 Years

18.20
20.02
9.39

PAT CAGR (%)

10 Years
5 Years
3 Years

19.07
16.54
15.15

P:E (Median)

8 Years
5 Years
3 Years

21.97
20.57
19.30

P:BV (Average)

8 Years
5 Years
3 Years

3.14
2.72
2.42

EV:EBITDA (Average)

8 Years
5 Years
3 Years

11.49
11.21
10.46

Earnings Forecasts:

(Updated: 14-02-2026)

Description 2024 2025 2026 2027
Adj EPS 17.23 20.22 24.64 29.96
P/E Ratio 19.20 16.36 13.42 11.04
Revenue 1520.45 970.15 984.4 1205.4
EBITDA 1137.72 652.2 817.4 990.7
Net Income 305.93 364.98 483.64 586.3
ROA 2.85 2.84 2.9 2.92
P/B Ratio 2.32 2.09 1.83 1.60
ROE 14.05 13.49 16.42 15.37
FCFF -1163.02
FCFF Yield -8.46
Net Debt 7292.76
BVPS 142.5 157.99 180.43 207.12

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 481.42 389.71 23.53% 455.68 365.05 24.83% 443.41 345.92 28.18% 416.51 329.31 26.48%
Expenses 133.65 99.18 34.75% 125.26 88.29 41.87% 123.69 79.56 55.47% 115.70 77.07 50.12%
EBITDA 347.77 290.53 19.70% 330.42 276.76 19.39% 319.72 266.36 20.03% 300.81 252.24 19.26%
EBIDTM 72.24% 74.55% 72.51% 75.81% 72.10% 77.00% 72.22% 76.60%
Other Income 0.16 0.38 -57.89% 2.93 1.57 86.62% 0.36 0.91 -60.44% 0.40 1.43 -72.03%
Interest 219.08 184.54 18.72% 211.56 175.07 20.84% 206.18 171.77 20.03% 191.00 161.52 18.25%
Depreciation 1.57 1.27 23.62% 1.56 1.19 31.09% 1.47 1.11 32.43% 1.34 1.06 26.42%
PBT 123.04 105.10 17.07% 120.23 102.07 17.79% 112.43 94.39 19.11% 108.87 91.09 19.52%
Tax 32.71 26.99 21.19% 30.53 25.50 19.73% 28.53 23.96 19.07% 28.05 23.04 21.74%
PAT 90.33 78.11 15.64% 89.70 76.57 17.15% 83.90 70.43 19.13% 80.82 68.05 18.77%
PATM 18.76% 20.04% 19.68% 20.98% 18.92% 20.36% 19.40% 20.66%
EPS 4.98 4.30 15.81% 4.94 4.22 17.06% 4.62 3.88 19.07% 4.45 3.75 18.67%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 506.75 409.73 23.68% 480.23 384.27 24.97% 465.98 364.34 27.90% 437.63 346.96 26.13%
Expenses 143.02 106.26 34.59% 133.86 94.99 40.92% 132.07 85.67 54.16% 123.82 82.63 49.85%
EBITDA 363.73 303.47 19.86% 346.37 289.28 19.74% 333.91 278.67 19.82% 313.81 264.33 18.72%
EBIDTM 71.78% 74.07% 72.13% 75.28% 71.66% 76.49% 71.71% 76.18%
Other Income 1.05 0.66 59.09% 2.10 0.92 128.26% 0.75 1.12 -33.04% 1.48 1.44 2.78%
Interest 231.09 194.69 18.70% 223.81 185.06 20.94% 217.10 181.37 19.70% 201.68 170.89 18.02%
Depreciation 1.79 1.45 23.45% 1.78 1.36 30.88% 1.67 1.27 31.50% 1.52 1.20 26.67%
PBT 127.08 107.99 17.68% 122.88 103.78 18.40% 115.89 97.15 19.29% 112.09 93.68 19.65%
Tax 33.76 27.60 22.32% 31.45 26.16 20.22% 29.30 24.59 19.15% 28.68 23.58 21.63%
PAT 93.32 80.39 16.08% 91.43 77.62 17.79% 86.59 72.56 19.34% 83.41 70.10 18.99%
PATM 18.42% 19.62% 19.04% 20.20% 18.58% 19.92% 19.06% 20.20%
EPS 5.08 4.38 15.98% 4.98 4.23 17.73% 4.71 3.95 19.24% 4.55 4.50 1.11%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 1,797.02 1,517.19 1,221.86 936.85 655.57 593.25 672.00 572.33 450.69 340.63 292.98 Net Sales Growth 25.67% 24.17% 30.42% 42.91% 10.50% -11.72% 17.41% 26.99% 32.31% 16.26% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 1,797.02 1,517.19 1,221.86 936.85 655.57 593.25 672.00 572.33 450.69 340.63 292.98 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 498.30 361.15 270.59 194.65 123.06 132.94 167.69 131.92 113.25 85.14 75.89 Power & Fuel Cost - 1.67 1.35 0.97 0.69 0.55 0.73 0.68 0.60 0.55 0.49 % Of Sales - 0.11% 0.11% 0.10% 0.11% 0.09% 0.11% 0.12% 0.13% 0.16% 0.17% Employee Cost - 114.84 87.05 62.49 42.23 29.73 52.41 47.15 37.97 26.24 22.37 % Of Sales - 7.57% 7.12% 6.67% 6.44% 5.01% 7.80% 8.24% 8.42% 7.70% 7.64% Manufacturing Exp. - 78.23 56.85 55.14 28.50 10.11 10.72 9.20 10.10 13.06 11.42 % Of Sales - 5.16% 4.65% 5.89% 4.35% 1.70% 1.60% 1.61% 2.24% 3.83% 3.90% General & Admin Exp. - 32.42 27.98 16.97 11.76 8.74 16.47 17.48 19.24 17.75 17.59 % Of Sales - 2.14% 2.29% 1.81% 1.79% 1.47% 2.45% 3.05% 4.27% 5.21% 6.00% Selling & Distn. Exp. - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Miscellaneous Exp. - 135.66 98.71 60.05 40.57 84.36 88.09 58.09 45.95 28.09 0.00 % Of Sales - 8.94% 8.08% 6.41% 6.19% 14.22% 13.11% 10.15% 10.20% 8.25% 8.36% EBITDA 1,298.72 1,156.04 951.27 742.20 532.51 460.31 504.31 440.41 337.44 255.49 217.09 EBITDA Margin 72.27% 76.20% 77.85% 79.22% 81.23% 77.59% 75.05% 76.95% 74.87% 75.01% 74.10% Other Income 3.85 3.26 7.73 3.31 1.51 0.65 0.73 0.25 0.21 0.89 0.92 Interest 827.82 743.96 623.77 478.41 320.94 265.94 274.56 205.44 171.29 152.34 135.50 Depreciation 5.94 4.91 3.81 2.40 1.78 2.13 2.32 1.29 1.20 0.96 0.87 PBT 464.57 410.43 331.42 264.70 211.30 192.89 228.16 233.93 165.16 103.07 81.65 Tax 119.82 104.50 83.67 63.74 53.75 49.39 61.61 81.81 61.73 35.70 28.26 Tax Rate 25.79% 25.46% 25.25% 24.08% 25.44% 25.61% 27.00% 34.97% 37.38% 34.64% 34.61% PAT 344.75 305.93 247.75 200.96 157.55 143.50 166.55 152.12 103.43 67.37 53.39 PAT before Minority Interest 344.75 305.93 247.75 200.96 157.55 143.50 166.55 152.12 103.43 67.37 53.39 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 19.18% 20.16% 20.28% 21.45% 24.03% 24.19% 24.78% 26.58% 22.95% 19.78% 18.22% PAT Growth 17.60% 23.48% 23.28% 27.55% 9.79% -13.84% 9.49% 47.08% 53.53% 26.18% EPS 18.99 16.86 13.65 11.07 8.68 7.91 9.18 8.38 5.70 3.71 2.94

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 1,890.59 1,595.97 1,283.87 978.60 690.24 627.39 709.65 604.58 476.78 363.75 Net Sales Growth 25.60% 24.31% 31.19% 41.78% 10.02% -11.59% 17.38% 26.80% 31.07% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 1,890.59 1,595.97 1,283.87 978.60 690.24 627.39 709.65 604.58 476.78 363.75 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 532.77 389.00 290.61 208.18 132.69 142.77 178.21 140.09 120.29 91.99 Power & Fuel Cost - 1.77 1.46 1.05 0.76 0.60 0.79 0.74 0.63 0.57 % Of Sales - 0.11% 0.11% 0.11% 0.11% 0.10% 0.11% 0.12% 0.13% 0.16% Employee Cost - 134.06 100.45 70.70 47.79 35.03 58.69 52.05 42.26 29.39 % Of Sales - 8.40% 7.82% 7.22% 6.92% 5.58% 8.27% 8.61% 8.86% 8.08% Manufacturing Exp. - 79.74 58.33 56.41 29.20 10.51 11.09 9.97 10.69 15.01 % Of Sales - 5.00% 4.54% 5.76% 4.23% 1.68% 1.56% 1.65% 2.24% 4.13% General & Admin Exp. - 36.88 31.48 19.63 13.54 9.86 18.02 18.99 20.54 18.96 % Of Sales - 2.31% 2.45% 2.01% 1.96% 1.57% 2.54% 3.14% 4.31% 5.21% Selling & Distn. Exp. - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% 0% 0% 0% 0% 0% Miscellaneous Exp. - 138.32 100.35 61.44 42.16 87.37 90.41 59.09 46.80 28.63 % Of Sales - 8.67% 7.82% 6.28% 6.11% 13.93% 12.74% 9.77% 9.82% 7.87% EBITDA 1,357.82 1,206.97 993.26 770.42 557.55 484.62 531.44 464.49 356.49 271.76 EBITDA Margin 71.82% 75.63% 77.36% 78.73% 80.78% 77.24% 74.89% 76.83% 74.77% 74.71% Other Income 5.38 4.18 7.09 3.57 1.18 0.33 0.37 0.12 0.03 0.96 Interest 873.68 784.54 656.39 499.62 340.11 286.41 298.68 225.00 187.11 165.34 Depreciation 6.76 5.60 4.29 2.72 2.07 2.57 2.85 1.60 1.64 1.38 PBT 477.94 421.01 339.67 271.65 216.55 195.97 230.28 238.01 167.77 105.99 Tax 123.19 107.03 85.66 65.83 55.35 50.44 62.19 83.40 62.58 36.67 Tax Rate 25.78% 25.42% 25.22% 24.23% 25.56% 25.74% 27.01% 35.04% 37.30% 34.60% PAT 354.75 310.38 251.05 203.26 159.23 144.36 167.40 153.54 104.38 68.53 PAT before Minority Interest 350.56 313.98 254.01 205.82 161.20 145.52 168.09 154.61 105.19 69.32 Minority Interest -4.19 -3.60 -2.96 -2.56 -1.97 -1.16 -0.69 -1.07 -0.81 -0.79 PAT Margin 18.76% 19.45% 19.55% 20.77% 23.07% 23.01% 23.59% 25.40% 21.89% 18.84% PAT Growth 17.99% 23.63% 23.51% 27.65% 10.30% -13.76% 9.03% 47.10% 52.31% EPS 19.55 17.10 13.83 11.20 8.77 7.95 9.22 8.46 5.75 3.78

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 2,585.80 1,768.96 1,505.73 1,340.59 1,172.57 980.90 909.82 773.86 326.94 177.88 Share Capital 181.45 163.99 54.66 54.66 54.66 54.66 54.66 54.66 90.43 59.47 Total Reserves 2,404.35 1,604.97 1,451.07 1,285.93 1,117.91 926.24 855.15 719.20 236.51 118.40 Non-Current Liabilities 4,846.09 3,872.68 4,514.86 2,944.41 2,199.21 1,944.10 1,500.40 742.02 497.37 503.51 Secured Loans 4,539.34 3,576.19 4,280.38 2,523.92 1,448.55 1,277.27 750.05 295.25 143.04 244.02 Unsecured Loans 303.65 302.11 252.70 137.22 374.08 59.89 59.82 59.74 109.98 109.98 Long Term Provisions 6.22 0.21 0.00 0.00 0.00 0.00 127.71 0.00 3.06 1.44 Current Liabilities 4,320.01 3,534.22 1,704.93 2,099.44 2,053.92 1,904.68 1,487.19 1,233.42 1,229.70 1,129.82 Trade Payables 32.67 15.74 13.48 15.67 7.57 7.53 5.53 3.22 2.56 4.58 Other Current Liabilities 321.71 256.69 309.91 170.50 290.14 380.86 189.37 242.25 412.29 372.57 Short Term Borrowings 3,858.80 3,171.03 1,304.44 1,570.84 1,471.21 1,242.94 1,209.78 929.92 767.90 741.12 Short Term Provisions 106.83 90.76 77.10 342.43 285.00 273.35 82.51 58.03 46.95 11.55 Total Liabilities 11,751.90 9,175.86 7,725.52 6,384.44 5,425.70 4,829.68 3,897.41 2,749.30 2,054.01 1,811.21 Net Block 24.48 22.46 16.04 13.14 11.28 13.38 11.52 56.54 7.16 6.37 Gross Block 42.46 35.61 25.43 20.42 16.78 17.15 13.71 57.65 15.81 14.39 Accumulated Depreciation 17.98 13.15 9.39 7.28 5.50 3.76 2.19 1.11 8.65 8.02 Non Current Assets 9,531.31 7,683.03 6,331.89 5,104.98 4,064.78 3,442.56 3,426.80 2,619.01 794.06 506.19 Capital Work in Progress 91.50 70.04 57.99 52.08 50.03 48.21 45.64 0.00 0.00 0.00 Non Current Investment 532.00 278.50 347.70 485.96 198.35 32.50 22.27 13.37 10.76 11.02 Long Term Loans & Adv. 1.45 2.52 0.00 0.00 0.00 0.00 128.83 2.53 767.66 2.19 Other Non Current Assets 268.02 44.68 0.00 0.00 0.00 0.00 0.00 0.29 8.48 6.92 Current Assets 2,220.59 1,492.83 1,393.63 1,279.46 1,360.92 1,387.12 470.60 130.29 1,259.30 1,304.27 Current Investments 1,061.79 509.21 478.42 52.10 36.69 5.00 0.00 0.00 0.00 0.00 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 4.66 6.52 4.27 1.00 2.21 0.00 0.00 0.00 0.00 0.00 Cash & Bank 864.60 818.86 771.63 830.81 996.86 1,026.69 368.56 48.18 36.68 175.38 Other Current Assets 289.54 81.65 60.11 46.75 325.16 355.44 102.04 82.11 1,222.62 1,128.90 Short Term Loans & Adv. 103.23 76.59 79.20 348.80 276.36 276.16 67.06 55.53 1,198.68 1,109.84 Net Current Assets -2,099.42 -2,041.39 -311.30 -819.98 -693.00 -517.56 -1,016.59 -1,103.13 29.60 174.45 Total Assets 11,751.90 9,175.86 7,725.52 6,384.44 5,425.70 4,829.68 3,897.40 2,749.30 2,054.01 1,811.20

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 2,609.03 1,782.71 1,518.65 1,349.91 1,179.88 987.08 915.55 779.19 331.68 Share Capital 181.45 163.99 54.66 54.66 54.66 54.66 54.66 54.66 90.43 Total Reserves 2,427.58 1,618.72 1,463.99 1,295.25 1,125.22 932.42 860.89 724.53 241.26 Non-Current Liabilities 5,183.85 4,155.19 4,785.42 3,142.01 2,419.60 2,083.30 1,754.66 1,011.73 612.96 Secured Loans 4,878.39 3,859.62 4,550.05 2,721.16 1,667.24 1,493.05 1,003.49 463.01 250.89 Unsecured Loans 303.65 302.11 252.70 137.22 374.08 59.89 59.82 59.74 109.98 Long Term Provisions 6.22 0.21 0.00 0.00 0.00 0.00 127.71 0.00 3.70 Current Liabilities 4,452.76 3,640.24 1,733.49 2,114.20 2,057.27 1,987.86 1,495.82 1,146.71 1,271.36 Trade Payables 40.25 21.15 16.52 16.14 8.29 8.13 6.00 3.61 2.76 Other Current Liabilities 328.97 261.86 312.95 173.18 291.29 462.42 196.37 153.07 453.15 Short Term Borrowings 3,973.68 3,264.12 1,324.78 1,580.84 1,471.43 1,242.94 1,209.78 931.92 767.99 Short Term Provisions 109.86 93.11 79.24 344.04 286.26 274.36 83.67 58.11 47.46 Total Liabilities 12,287.08 9,614.00 8,063.58 6,628.74 5,677.22 5,077.40 4,184.80 2,949.99 2,230.50 Net Block 27.42 25.43 16.87 13.76 12.08 14.62 12.52 57.78 8.74 Gross Block 47.22 39.69 28.61 23.05 19.31 19.68 15.46 59.32 18.07 Accumulated Depreciation 19.80 14.26 11.74 9.29 7.23 5.05 2.94 1.54 9.32 Non Current Assets 10,029.96 8,082.04 6,633.72 5,306.84 4,290.36 3,664.72 3,669.71 2,806.65 901.21 Capital Work in Progress 91.50 70.04 57.99 52.08 50.03 48.21 45.64 0.00 0.00 Non Current Investment 464.20 216.95 312.62 441.11 164.90 0.00 0.00 0.09 0.01 Long Term Loans & Adv. 1.45 2.52 0.00 0.08 0.05 0.01 128.87 2.81 146.00 Other Non Current Assets 271.30 47.66 0.00 0.00 0.00 0.00 0.00 0.29 8.48 Current Assets 2,257.12 1,531.96 1,429.86 1,321.90 1,386.85 1,412.68 515.10 143.32 1,328.30 Current Investments 1,061.79 509.21 478.42 52.10 36.69 5.00 0.00 0.00 0.00 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 4.67 6.54 4.30 1.05 2.23 0.02 0.00 0.00 0.00 Cash & Bank 896.71 854.42 803.96 870.66 1,019.31 1,047.78 409.81 59.63 47.37 Other Current Assets 293.95 83.28 61.54 47.37 328.62 359.87 105.30 83.69 1,280.93 Short Term Loans & Adv. 106.29 78.51 81.64 350.72 277.83 278.09 68.77 55.88 1,255.67 Net Current Assets -2,195.64 -2,108.28 -303.63 -792.30 -670.41 -575.18 -980.73 -1,003.38 56.94 Total Assets 12,287.08 9,614.00 8,063.58 6,628.74 5,677.21 5,077.40 4,184.81 2,949.97 2,230.51

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity -1,019.91 -1,282.84 -1,341.72 -820.08 -575.32 189.08 -399.79 -366.05 -134.17 -243.16 PBT 410.43 331.42 264.70 211.30 192.89 228.16 233.93 165.16 103.07 81.65 Adjustment -582.09 -440.39 -340.47 -273.35 -139.81 -175.94 -189.23 -133.01 -162.37 -135.58 Changes in Working Capital -1,293.22 -1,429.87 -1,523.31 -886.54 -831.74 12.01 -602.92 -520.43 -236.37 -313.85 Cash after chg. in Working capital -1,464.88 -1,538.84 -1,599.08 -948.59 -778.66 64.24 -558.23 -488.29 -295.67 -367.78 Interest Paid -726.28 -664.90 -463.37 -335.59 -264.52 -265.08 -205.84 -164.00 -140.31 -130.73 Tax Paid -97.14 -78.29 -59.31 -63.55 -50.04 -79.43 -71.03 -54.66 -36.43 -27.75 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 1,268.39 999.19 780.04 527.65 517.90 469.35 435.32 340.89 338.25 283.09 Cash From Investing Activity -834.91 25.89 -292.27 -809.00 -199.71 -7.11 4.20 -49.13 -3.80 -1.11 Net Fixed Assets -28.31 -22.23 -10.92 -5.69 -1.45 -6.01 -1.70 -41.84 -1.42 -2.25 Net Investments -806.08 38.41 -288.06 -303.02 -197.54 -15.23 -8.90 -2.61 0.26 0.08 Others -0.52 9.71 6.71 -500.29 -0.72 14.13 14.80 -4.68 -2.64 1.06 Cash from Financing Activity 2,114.77 1,197.11 1,601.27 934.60 715.31 486.55 713.40 417.28 -0.67 206.10 Net Cash Inflow / Outflow 259.95 -59.84 -32.72 -694.48 -59.73 668.52 317.81 2.10 -138.63 -38.17 Opening Cash & Equivalents 178.02 237.86 270.58 965.06 1,024.78 356.26 37.96 35.86 174.48 212.65 Closing Cash & Equivalent 437.97 178.02 237.86 270.58 965.05 1,024.78 355.77 37.96 35.86 174.48

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity -1,133.48 -1,366.05 -1,425.94 -805.28 -578.11 196.39 -468.00 -385.98 -164.27 PBT 421.01 339.67 271.65 216.55 195.97 230.28 238.01 167.77 105.99 Adjustment -613.40 -465.26 -357.70 -220.52 -148.85 -186.42 -198.98 -140.75 -171.79 Changes in Working Capital -1,396.49 -1,513.20 -1,610.00 -940.85 -839.74 15.98 -677.45 -543.70 -269.19 Cash after chg. in Working capital -1,588.88 -1,638.79 -1,696.05 -944.82 -792.62 59.84 -638.42 -516.68 -334.99 Interest Paid -780.10 -698.94 -484.55 -354.66 -285.97 -288.82 -222.52 -179.25 -153.02 Tax Paid -99.94 -80.20 -61.47 -65.30 -50.89 -80.45 -71.98 -55.59 -37.17 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 1,335.44 1,051.88 816.13 559.50 551.37 505.82 464.91 365.54 360.92 Cash From Investing Activity -828.19 50.08 -304.05 -819.88 -199.39 3.99 13.85 -48.86 -3.80 Net Fixed Assets -28.31 -22.23 -10.92 -5.69 -1.45 -6.01 -1.70 -41.84 Net Investments -806.08 38.41 -288.06 -303.02 -197.54 -15.23 -8.90 -2.61 Others 6.20 33.90 -5.07 -511.17 -0.40 25.23 24.45 -4.41 Cash from Financing Activity 2,197.65 1,289.97 1,684.02 922.69 718.75 447.99 801.77 437.69 33.80 Net Cash Inflow / Outflow 235.98 -26.00 -45.97 -702.47 -58.74 648.37 347.62 2.85 -134.27 Opening Cash & Equivalents 212.67 238.67 284.64 987.11 1,045.86 397.49 49.38 46.53 180.81 Closing Cash & Equivalent 448.65 212.67 238.67 284.64 987.11 1,045.86 397.00 49.38 46.53

Financial Ratios

Consolidated /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 142.51 107.87 91.82 245.26 214.51 179.45 166.44 141.57 64.91 83.54 ROA 2.92% 2.93% 2.85% 2.67% 2.80% 3.82% 4.58% 4.31% 3.49% 3.24% ROE 14.05% 15.13% 14.12% 12.54% 13.33% 17.62% 18.07% 19.65% 32.67% 46.28% ROCE 11.48% 11.82% 11.51% 10.60% 11.43% 15.49% 17.62% 18.95% 17.53% 16.89% Fixed Asset Turnover 38.87 40.03 40.87 35.25 34.98 43.56 16.04 12.27 22.56 22.17 Receivable days 1.34 1.61 1.03 0.89 1.36 0.00 0.00 0.00 0.00 0.00 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 35.49 26.81 20.70 31.16 30.17 Cash Conversion Cycle 1.34 1.61 1.03 0.89 1.36 -35.49 -26.81 -20.70 -31.16 -30.17 Total Debt/Equity 3.37 3.98 3.88 3.16 2.81 2.63 2.22 1.66 3.58 7.02 Interest Cover 1.55 1.53 1.55 1.66 1.73 1.83 2.14 1.96 1.68 1.60

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 143.79 108.71 92.61 246.96 215.85 180.58 167.49 142.55 65.93 ROA 2.87% 2.87% 2.80% 2.62% 2.71% 3.63% 4.33% 4.06% 3.11% ROE 14.30% 15.39% 14.35% 12.74% 13.43% 17.67% 18.25% 19.80% 24.48% ROCE 11.50% 11.82% 11.48% 10.62% 11.38% 15.17% 17.08% 18.30% 16.50% Fixed Asset Turnover 36.73 37.59 37.89 32.59 32.19 40.39 16.17 12.32 20.13 Receivable days 1.28 1.54 1.00 0.87 0.66 0.01 0.00 0.00 0.00 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 34.62 26.70 20.62 21.26 Cash Conversion Cycle 1.28 1.54 1.00 0.87 0.66 -34.61 -26.70 -20.62 -21.26 Total Debt/Equity 3.51 4.17 4.03 3.29 2.98 2.83 2.48 1.87 3.97 Interest Cover 1.54 1.52 1.54 1.64 1.68 1.77 2.06 1.90 1.64

Top Investors:

nippon life india trustee ltd-a/c nippon india small cap fund

business excellence trust iii - india business excellence fund iii

bandhan value fund

bavaria industries group ag

Annual Reports:

News Update:

MAS Financial Serv - Quarterly Results
29th Jan 2026, 00:00 AM

Read More
MAS Financial Services raises Rs 100 crore through NCDs
30th Dec 2025, 12:59 PM

The Debentures have been rated ‘CARE AA-/Stable’ by CARE Ratings
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

Feedback