MAS Financial Services Ltd
NSE:MASFIN
MAS Financial Services Ltd
MAS Financial Services Ltd. is a non-banking finance holding company, which engages in the provision of financial services. The company is headquartered in Ahmedabad, Gujarat and currently employs 946 full-time employees. The company went IPO on 2017-10-18. The firm is engaged in providing specialized retail financing services. The firm offers a range of retail finance products, such as micro enterprise loans, small and medium enterprise (SME) loans, home loans, two-wheeler loans, used car loans, and commercial vehicle loans. The company provides loans to NBFCs, housing loans, commercial property loans and project loans for real estate projects to customers in the segment of housing in rural and urban areas. Its SME loans include machinery loan, industrial shed loan, working capital loan, and loan against property. The company also provides salaried personal loan for various purpose like child education, home renovation, furniture purchase, family occasion, medical purpose, and other personal purpose. The company offers housing loans to customer to expand on their homesteads/ renovate part of their abodes, construct an extra floor on their homes.
MAS Financial Services Ltd. is a non-banking finance holding company, which engages in the provision of financial services. The company is headquartered in Ahmedabad, Gujarat and currently employs 946 full-time employees. The company went IPO on 2017-10-18. The firm is engaged in providing specialized retail financing services. The firm offers a range of retail finance products, such as micro enterprise loans, small and medium enterprise (SME) loans, home loans, two-wheeler loans, used car loans, and commercial vehicle loans. The company provides loans to NBFCs, housing loans, commercial property loans and project loans for real estate projects to customers in the segment of housing in rural and urban areas. Its SME loans include machinery loan, industrial shed loan, working capital loan, and loan against property. The company also provides salaried personal loan for various purpose like child education, home renovation, furniture purchase, family occasion, medical purpose, and other personal purpose. The company offers housing loans to customer to expand on their homesteads/ renovate part of their abodes, construct an extra floor on their homes.
AUM Growth: MAS Financial's consolidated assets under management (AUM) reached INR 14,641 crores, growing 18.28% year-on-year.
Profitability: Consolidated profit after tax (PAT) rose to INR 97 crores, up 20.55% year-on-year.
Asset Quality: Gross Stage 3 assets remained stable at 2.56% and net Stage 3 assets at 1.72%, with management overlay provisioning maintained at 0.16%.
Growth Outlook: Management expects to return to a 20–25% AUM growth trajectory over the next 2–3 quarters, driven by SME and wheels segments.
Cost and Efficiency: Cost-to-income ratio remained steady at around 36%, with a focus on maintaining ROA between 2.75% and 3%.
Strong Capitalization: Capital adequacy ratio stands at 22.85% and debt-equity at 3.35x, with ample liquidity and borrowing pipeline secured.
Housing Finance: Housing finance AUM grew 23% to INR 859 crores with excellent asset quality and profit growth above 25%.
Provisioning & Risk: Provisioning aligned with Ind AS guidelines and historical recovery data; management expects asset quality to stabilize across the industry in the next two quarters.
