Debut Plus

₹316.75

▼ -6.79 -2.10%

17 Jul 2026

NSE Listed

MAS Financial Serv Ltd. (MASFIN)

Volume: 56,054Avg Vol 1W: 96,052Avg Vol 1M: 1,27,00752W Range:₹277.35₹358.85
NSE BSE www.mas.co.in
Key Ratios
Checked 21h ago
Market Cap₹5,871 Cr
Current Price₹316.75
Previous Close₹323.54
High / Low (52w)₹358.85 / ₹277.35
Volume56,054
Avg Vol (1W)96,052
Avg Vol (1M)1,27,007
Stock P/E56.86
Book Value₹163.91
Dividend Yield0.7%
ROE12.5%
ROA2.7%
Revenue (TTM)₹1,600 Cr
Revenue Growth—
Profit Margin18.6%
Total Debt₹11 Cr
Shares Outstanding18 Cr
Face Value₹10
EPS (TTM)₹5.69
P/B1.97
Debt / Equity3.47
50 DMA₹312.66
200 DMA₹314.47
Day change-2.10%
Price Chart
₹316.75▼ 8.51% · 1Y
₹347₹28021.1L
2025-07-16
2026-07-15

20-day avg volume: 1.3L shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 21% YoY.
  • Stock trades at a high P/E of 57.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue————————
EBITDA————————
Net Profit₹72 Cr₹77 Cr₹79 Cr₹82 Cr₹86 Cr₹90 Cr₹92 Cr₹103 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹477 Cr₹605 Cr₹710 Cr₹628 Cr₹691 Cr₹990 Cr₹1,290 Cr₹1,600 Cr
EBITDA₹168 Cr₹238 Cr₹230 Cr₹196 Cr₹217 Cr₹272 Cr₹340 Cr₹421 Cr
Net Profit₹106 Cr₹154 Cr₹167 Cr₹144 Cr₹159 Cr₹203 Cr₹251 Cr₹310 Cr
EPS21.5828.0930.6226.4129.1337.1815.3117.48
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹2,900 Cr₹3,991 Cr₹4,820 Cr₹5,430 Cr₹6,309 Cr₹8,014 Cr₹9,547 Cr₹12,199 Cr
Total Liabilities₹2,108 Cr₹3,056 Cr₹3,814 Cr₹4,229 Cr₹4,936 Cr₹6,469 Cr₹7,729 Cr₹9,549 Cr
Equity₹792 Cr₹934 Cr₹1,006 Cr₹1,200 Cr₹1,373 Cr₹1,545 Cr₹1,819 Cr₹2,650 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-517 Cr₹-638 Cr₹60 Cr₹-793 Cr₹-945 Cr₹-1,728 Cr₹-1,639 Cr₹-1,589 Cr
Investing₹-49 Cr₹14 Cr₹4 Cr₹-199 Cr₹-820 Cr₹-242 Cr₹50 Cr₹-828 Cr
Financing₹438 Cr₹802 Cr₹448 Cr₹719 Cr₹923 Cr₹1,684 Cr₹1,290 Cr₹2,198 Cr
Free Cash Flow₹-517 Cr₹-640 Cr₹60 Cr₹-793 Cr₹-945 Cr₹-1,728 Cr₹-1,639 Cr₹-1,589 Cr
Shareholding
Promoter 66.65% Institutions 23.5% Public 9.85%
Efficiency & Working Capital
ROCE10.6%
Interest Coverage1.6
Dividend Payout—
Debtor Days1 d
Inventory Days0 d
Payable Days9 d
Cash Conversion Cycle-8 d
Working Capital Days1 d
Shareholding Details

As of 2026-03-31

Promoter66.7%
FII3.5%
DII20%
Institutions23.5%
Public9.8%
Promoter Pledge0%
No. of Shareholders40,107
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Feb 2024Feb 2024Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters73.7%73.7%73.7%73.7%66.6%66.6%66.6%66.6%66.6%66.6%66.6%66.7%
FIIs1.6%1.8%1.8%1.8%3.6%2.7%3%3.1%3.1%3.2%3.1%3.5%
DIIs8.4%14.5%7.1%14.4%20.4%20.2%20%20.1%20%20.2%20.2%20%
Public16.2%10%17.4%10.1%9.4%10.4%10.3%10.1%10.3%10%10%9.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders31,51441,33841,33844,54445,41550,51051,14849,59946,49643,23742,01640,107
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Shweta Kamlesh GandhiShareholding of Promoter and Promoter Group27%4.90 Cr
Kamlesh Chimanlal GandhiShareholding of Promoter and Promoter Group26.7%4.85 Cr
Kamlesh Chimanlal GandhiShareholding of Promoter and Promoter Group10.5%1.91 Cr
Nippon Life India Trustee Ltd-a/c Nippon India Small Cap FundPublic Shareholding8%1.46 Cr
Business Excellence Trust Iii - India Business Excellence Fund IiiPublic Shareholding4.6%83,54,330
Prarthana Marketing Private LimitedShareholding of Promoter and Promoter Group2.2%39,52,671
Bavaria Industries Group AgPublic Shareholding1.7%30,83,801
Anamaya Capital LlpShareholding of Promoter and Promoter Group0.2%2,99,982
Dhvanil K GandhiShareholding of Promoter and Promoter Group0.1%1,05,831
Dhriti Kamlesh GandhiShareholding of Promoter and Promoter Group0%36,162
Prarthana M GandhiShareholding of Promoter and Promoter Group0%0
Meena Yogeshbhai ShahShareholding of Promoter and Promoter Group0%0
Saryuben Mahendra Kumar DoshiShareholding of Promoter and Promoter Group0%0
Pooja GandhiShareholding of Promoter and Promoter Group0%0
Pravinbhai L. ShahShareholding of Promoter and Promoter Group0%0
Jaybhai ShahShareholding of Promoter and Promoter Group0%0
Dimple VoraShareholding of Promoter and Promoter Group0%0
Estate Of Mukesh Chimanlal GandhiShareholding of Promoter and Promoter Group0%0
Mas Rural Housing & Mortgage Finance LimitedShareholding of Promoter and Promoter Group0%0
Masfin Insurance Broking Private LimitedShareholding of Promoter and Promoter Group0%0
Swalamb Mass Financial Services LimitedShareholding of Promoter and Promoter Group0%0
Dhi Advisors Private LimitedShareholding of Promoter and Promoter Group0%0
Urmilaben Chimanlal Gandhi FoundationShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shweta Kamlesh Gandhi00%2026-03-31
Kamlesh Chimanlal Gandhi00%2026-03-31
Dhvanil K Gandhi00%2026-03-31
Dhriti Kamlesh Gandhi00%2026-03-31
Prarthana M Gandhi00%2026-03-31
Meena Yogeshbhai Shah00%2026-03-31
Saryuben Mahendra Kumar Doshi00%2026-03-31
Pooja Gandhi00%2026-03-31
Pravinbhai L. Shah00%2026-03-31
Jaybhai Shah00%2026-03-31
Dimple Vora00%2026-03-31
Kamlesh Chimanlal Gandhi00%2026-03-31
Board of Directors
NameDesignationYear
KAMLESH CHIMANLAL GANDHIChairman / Executive Director / M D / Promoter2025
Daksha Niranjan ShahExecutive Director / Whole Time Director / CEO2025
Dhvanil K. GandhiWhole Time Executive Director2025
Umesh Rajanikant ShahIndependent Non Exe. Director2025
NARAYANAN SADANANDANIndependent Non Exe. Director2025
Vishal Nagendra VasuIndependent Non Exe. Director2025
Dr. Barnali ChakladerIndependent Non Exe. Director2025
Riddhi Bhaveshbhai BhayaniCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Financing₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10200181181
Corporate Actions
TypeDateValueRemark
dividend2026-02-04₹1.25 (12.5%)Interim
dividend2025-08-26₹0.7 (7%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20252600131655
202515000015
20251000131639
Insider / Designated-Person Trades

24 recent disclosure(s)

KAMLESH CHIMANLAL GANDHIAcquisition · 9,048
KAMLESH CHIMANLAL GANDHIAcquisition · 15,000
KAMLESH CHIMANLAL GANDHIAcquisition · 20,000
Estate of Mukesh Chimanlal GandhiDisposal · 4,84,70,442
MCG Private Family TrustAcquisition · 4,84,70,442
MCG Private Family TrustAcquisition · 4,84,70,442
Substantial Acquisitions (SAST)

5 disclosure(s)

Transmission07/08/2025 · 4,84,70,442
Transmission07/08/2025 · 4,84,70,442
Transmission25/07/2025 · 4,83,80,139
Market16/12/2024 · 3,01,323
Change In Percentage21/06/2024 · —
Company Information
Incorporated1995
ChairmanKAMLESH CHIMANLAL GANDHI
AuditorSorab S Engineer & Co
Investor Email[email protected], [email protected]
🌐 www.mas.co.in ↗

📍 6 Narayan Chambers Ground Flr, Behind PatangHotel Ashram Road, Ahmedabad, Gujarat, 380009

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