Debut Plus

294.45

+5.55 +1.92%

As of 10 Sept 2026 · delayed

NSE Listed · Finance

MAS Financial Services Ltd. (MASFIN)

Volume: 1,37,458Avg Vol 1W: 1,86,344Avg Vol 1M: 2,75,96352W Range:277.35358.85
Market Cap₹5,343 Cr
Current Price₹294.45
Previous Close₹288.9
High / Low (52w)₹358.85 / ₹277.35
Volume1,37,458
Avg Vol (1W)1,86,344
Avg Vol (1M)2,75,963
Stock P/E13.44
Book Value₹163.9
Dividend Yield68%
ROE12.48%
ROA290.53%
Revenue (TTM)
Revenue Growth
Profit Margin18.84%
Total Debt₹11 Cr
Shares Outstanding18 Cr
Face Value₹10
EPS (TTM)₹21.91
P/B1.8
Debt / Equity3.49
50 DMA₹308.12
200 DMA₹313.82
Day change+1.92%
Price Chart
294.45 6.35% · 1Y
34727818.0L
2025-09-10
2026-09-10

20-day avg volume: 2.9L shares

Pros
  • Pays a dividend yield of 68.0%.
  • Company is almost debt-free.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue
EBITDA
Net Profit₹77 Cr₹79 Cr₹82 Cr₹86 Cr₹90 Cr₹92 Cr₹103 Cr₹108 Cr
EPS
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹1,600 Cr₹2,002 Cr
EBITDA₹421 Cr₹510 Cr
Net Profit₹310 Cr₹81 Cr₹84 Cr₹90 Cr₹90 Cr₹100 Cr₹371 Cr₹105 Cr
EPS17.4820.46
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹3,991 Cr₹4,820 Cr₹5,430 Cr₹6,309 Cr₹8,014 Cr₹9,547 Cr₹12,199 Cr₹13,747 Cr
Total Liabilities₹3,056 Cr₹3,814 Cr₹4,229 Cr₹4,936 Cr₹6,469 Cr₹7,729 Cr₹9,549 Cr₹10,710 Cr
Equity₹934 Cr₹1,006 Cr₹1,200 Cr₹1,373 Cr₹1,545 Cr₹1,819 Cr₹2,650 Cr₹3,036 Cr
Total Debt
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-638 Cr₹60 Cr₹-793 Cr₹-945 Cr₹-1,728 Cr₹-1,639 Cr₹-1,587 Cr₹-2,381 Cr
Investing₹14 Cr₹4 Cr₹-199 Cr₹-820 Cr₹-242 Cr₹50 Cr₹-828 Cr₹467 Cr
Financing₹802 Cr₹448 Cr₹719 Cr₹923 Cr₹1,684 Cr₹1,290 Cr₹2,187 Cr₹1,095 Cr
Free Cash Flow₹-640 Cr₹60 Cr₹-793 Cr₹-945 Cr₹-1,728 Cr₹-1,639 Cr₹-1,587 Cr₹-2,381 Cr
Shareholding
Promoter 66.65% Institutions 23.37% Public 9.97%
Efficiency & Working Capital
ROCE10.6%
Interest Coverage1.6
Dividend Payout
Debtor Days1 d
Inventory Days0 d
Payable Days7 d
Cash Conversion Cycle-6 d
Working Capital Days1 d
Shareholding Details

As of 2026-06-30

Promoter66.7%
FII3.7%
DII19.7%
Institutions23.4%
Public10%
Promoter Pledge0%
No. of Shareholders39,685
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodFeb 2024Feb 2024Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters73.7%73.7%73.7%66.6%66.6%66.6%66.6%66.6%66.6%66.6%66.7%66.7%
FIIs1.8%1.8%1.8%3.6%2.7%3%3.1%3.1%3.2%3.1%3.5%3.7%
DIIs14.5%7.1%14.4%20.4%20.2%20%20.1%20%20.2%20.2%20%19.7%
Public10%17.4%10.1%9.4%10.4%10.3%10.1%10.3%10%10%9.8%10%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders41,33841,33844,54445,41550,51051,14849,59946,49643,23742,01640,10739,685
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
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 Shareholding8.2%1.49 Cr
Business Excellence Trust Iii - India Business Excellence Fund IiiPublic Shareholding4.2%75,98,737
Bandhan Value FundPublic Shareholding3.8%69,53,750
Prarthana Marketing Private LimitedShareholding of Promoter and Promoter Group2.2%39,52,671
Bavaria Industries Group AgPublic Shareholding1.7%31,20,357
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
Board of Directors
NameDesignationYear
KAMLESH CHIMANLAL GANDHIChairman / Executive Director / M D / Promoter2026
Dhvanil K. GandhiWhole Time Executive Director2026
Umesh Rajanikant ShahIndependent Non Exe. Director2026
NARAYANAN SADANANDANIndependent Non Exe. Director2026
Vishal Nagendra VasuIndependent Non Exe. Director2026
Dr. Barnali ChakladerIndependent Non Exe. Director2026
Riddhi Bhaveshbhai BhayaniCompany Sec. & Compli. Officer2026
Darshana Saumil PandyaExecutive Director & CEO2026
Segments — Product
SegmentRevenueShare
Financing₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10200181181
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-25Dividend
forthcoming2026-08-25Dividend (0.75/- per share)Final
dividend2026-08-25₹0.75 (7.5%)Final
forthcoming2026-07-29Board Meetings
dividend2026-02-04₹1.25 (12.5%)Interim
dividend2025-08-26₹0.7 (7%)Final
forthcomingBook ClosureAGM & 7.5% Final Dividend
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026200162139
2026000162138
2026100001
Insider / Designated-Person Trades

3 recent disclosure(s)

KAMLESH CHIMANLAL GANDHIAcquisition · 9,048
KAMLESH CHIMANLAL GANDHIAcquisition · 15,000
KAMLESH CHIMANLAL GANDHIAcquisition · 20,000
Substantial Acquisitions (SAST)

2 disclosure(s)

Transmission07/08/2025 · 4,84,70,442
Transmission07/08/2025 · 4,84,70,442
Company Information
Incorporated1995
ChairmanKAMLESH CHIMANLAL GANDHI
AuditorSorab S Engineer & Co
🌐 www.mas.co.in

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

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