Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹78.29, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 27x in the Capital Markets industry in India. Total returns to shareholders of 16% over the past three years. Buy Or Sell Opportunity • Jun 09
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at ₹74.82. The fair value is estimated to be ₹98.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • May 14
Full year 2026 earnings released: EPS: ₹10.60 (vs ₹11.81 in FY 2025) Full year 2026 results: EPS: ₹10.60 (down from ₹11.81 in FY 2025). Revenue: ₹5.16b (down 2.3% from FY 2025). Net income: ₹1.26b (down 3.9% from FY 2025). Profit margin: 24% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 07
Master Trust Limited to Report Q4, 2026 Results on May 12, 2026 Master Trust Limited announced that they will report Q4, 2026 results on May 12, 2026 Buy Or Sell Opportunity • Apr 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ₹76.40. The fair value is estimated to be ₹96.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹56.44, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 127% over the past three years. New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹7.47b market cap, or US$79.7m). Buy Or Sell Opportunity • Mar 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to ₹75.36. The fair value is estimated to be ₹97.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.86b (US$96.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹2.70 (vs ₹3.20 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.70 (down from ₹3.20 in 3Q 2025). Revenue: ₹1.21b (down 8.1% from 3Q 2025). Net income: ₹315.2m (down 10% from 3Q 2025). Profit margin: 26% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Master Trust Limited to Report Q3, 2026 Results on Feb 11, 2026 Master Trust Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Buy Or Sell Opportunity • Jan 30
Now 22% overvalued Over the last 90 days, the stock has fallen 23% to ₹101. The fair value is estimated to be ₹82.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 27%. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹105, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 27x in the Capital Markets industry in India. Total returns to shareholders of 316% over the past three years. Announcement • Oct 27
Master Trust Limited to Report Q2, 2026 Results on Nov 06, 2025 Master Trust Limited announced that they will report Q2, 2026 results on Nov 06, 2025 New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹162, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 546% over the past three years. Announcement • Sep 01
Master Trust Limited, Annual General Meeting, Sep 30, 2025 Master Trust Limited, Annual General Meeting, Sep 30, 2025, at 16:00 Indian Standard Time. Location: a hotel by grewalz, feroz gandhi market, punjab - 141001., ludhiana India Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: ₹2.40 (vs ₹3.18 in 1Q 2025) First quarter 2026 results: EPS: ₹2.40 (down from ₹3.18 in 1Q 2025). Revenue: ₹1.17b (down 19% from 1Q 2025). Net income: ₹271.1m (down 22% from 1Q 2025). Profit margin: 23% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹154, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 548% over the past three years. Announcement • Jul 21
Master Trust Limited to Report Q1, 2026 Results on Jul 29, 2025 Master Trust Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹11.80 (vs ₹9.94 in FY 2024) Full year 2025 results: EPS: ₹11.80 (up from ₹9.94 in FY 2024). Revenue: ₹5.23b (up 17% from FY 2024). Net income: ₹1.31b (up 21% from FY 2024). Profit margin: 25% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
Master Trust Limited to Report Fiscal Year 2025 Results on May 29, 2025 Master Trust Limited announced that they will report fiscal year 2025 results on May 29, 2025 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹125, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 20x in the Capital Markets industry in India. Total returns to shareholders of 361% over the past three years. Reported Earnings • Feb 18
Third quarter 2025 earnings released: EPS: ₹3.20 (vs ₹2.56 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.20 (up from ₹2.56 in 3Q 2024). Revenue: ₹1.32b (up 22% from 3Q 2024). Net income: ₹351.5m (up 27% from 3Q 2024). Profit margin: 27% (up from 26% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹114, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 233% over the past three years. Announcement • Feb 03
Master Trust Limited to Report Q3, 2025 Results on Feb 12, 2025 Master Trust Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Reported Earnings • Nov 13
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₹1.39b (up 31% from 2Q 2024). Net income: ₹368.9m (up 58% from 2Q 2024). Profit margin: 27% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Announcement • Nov 04
Master Trust Limited to Report Q2, 2025 Results on Nov 12, 2024 Master Trust Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹969, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 767% over the past three years. Announcement • Oct 05
Master Trust Limited Approves Board Appointments Master Trust Limited at its AGM held on September 30, 2024, approved appointment of Mr. Anil Kumar and Mr. Sudhir Kumar as Non-Executive Independent Directors, not liable to retire by rotation, for a tenure of 5 consecutive years commencing from 28 august 2024 to 27 august 2029. Name: Anil Kumar. Qualifications/Education: B. Tech in Electrical Engineering from Punjab Engineering college, Chandigarh in 1971. Master's in Business Administration from UBS Chandigarh in 1973. Experience: He started his career as Management Trainee with Vardhman Spinning and General Mills Ltd. and handled various positions including Corporate Manager Finance. Thereafter, he was shifted to as Unit Head to newly established paper unit of the groups Shreyans Industries Ltd. in 1982. He continued with this company till 2022 when he decided to call it a day. He rose to the position of Executive Director and subsequently to ED & CEO. He is a well-respected professional in paper industry at national level and represented industry on various fora both at Government of India bodies and industry associations. Occupation: He is retired personnel with vast experience from his previous occupations. Name: Sudhir Kumar Qualification/Education: He is Chartered Accountant by qualification. Experience: He is having rich and wide experience in matters related to finance, taxation, stock market, capital market, primary and secondary market. He is a calculated risk taker with deep knowledge of finance, taxation & Stock market. He is a Designated Partner of Our Broking Services LLP, a member of BSE & NSE and bearing SEBI Registration No. INZ000309758, further it also act as a Depository Participant with DP ID (CDSL) 12098900 and deals in providing various services to its clients such as Equity trading, Derivatives trading, Currency Derivatives and Depository Services. Occupation: Businessman. New Risk • Sep 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Sep 04
Master Trust Limited, Annual General Meeting, Sep 30, 2024 Master Trust Limited, Annual General Meeting, Sep 30, 2024, at 16:30 Indian Standard Time. Location: hotel silver stone, dugri road, near libra bus service, d-block, model town extension, model town, ludhiana, punjab-141002, ludhiana India Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹919, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 786% over the past three years. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹15.90 (vs ₹8.80 in 1Q 2024) First quarter 2025 results: EPS: ₹15.90 (up from ₹8.80 in 1Q 2024). Revenue: ₹1.45b (up 79% from 1Q 2024). Net income: ₹346.5m (up 81% from 1Q 2024). Profit margin: 24% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 22
Master Trust Limited to Report Q1, 2025 Results on Aug 07, 2024 Master Trust Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹818, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 1,299% over the past three years. Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: ₹49.70 (vs ₹30.29 in FY 2023) Full year 2024 results: EPS: ₹49.70 (up from ₹30.29 in FY 2023). Revenue: ₹4.44b (up 43% from FY 2023). Net income: ₹1.08b (up 64% from FY 2023). Profit margin: 24% (up from 21% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 147% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 23
Master Trust Limited to Report Fiscal Year 2024 Results on May 30, 2024 Master Trust Limited announced that they will report fiscal year 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹720, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 1,389% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹588, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 26x in the Capital Markets industry in India. Total returns to shareholders of 2,518% over the past three years. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹12.80 (vs ₹8.60 in 3Q 2023) Third quarter 2024 results: EPS: ₹12.80 (up from ₹8.60 in 3Q 2023). Revenue: ₹1.09b (up 38% from 3Q 2023). Net income: ₹277.4m (up 48% from 3Q 2023). Profit margin: 26% (up from 24% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 192% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Master Trust Limited announced that it has received INR 249.375 million in funding from Share India Algoplus Private Limited and other investors On February 6, 2024, Master Trust Limited closed the transaction. The company announced that the transaction has been approved by the board of directors and shareholders of the company. Announcement • Jan 29
Master Trust Limited to Report Q3, 2024 Results on Feb 06, 2024 Master Trust Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Announcement • Nov 20
Master Trust Limited announced that it expects to receive INR 249.375 million in funding from Share India Algoplus Private Limited and other investors Master Trust Limited announced a private placement of 2,850,000 convertible warrants at a price of INR 87.5 per warrant for gross proceeds of INR 249,375,000 on November 18, 2023. The transaction has been approved at the board meeting of the company. The warrants will be convertible into one common share of the company at INR 262.5 per share and will mature in 18 months from the date of the allotment. The transaction included participation returning investors Harneesh Kaur Arora for 1,075,000 warrants; Rajinder Kumar Singhania for 950,000 warrants; Chirag Singhania for 125,000 warrants; Share India Algoplus Private Limited for 312,500 warrants; new investors Sangeeta Pareekh for 312,500 warrants; Saket Aggarwal for 37,500 warrants; Anisha Malik for 37,500 warrants. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹403, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 2,277% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹10.70 (vs ₹7.80 in 2Q 2023) Second quarter 2024 results: EPS: ₹10.70 (up from ₹7.80 in 2Q 2023). Revenue: ₹1.06b (up 44% from 2Q 2023). Net income: ₹233.3m (up 37% from 2Q 2023). Profit margin: 22% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 179% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Master Trust Limited to Report Q2, 2024 Results on Nov 10, 2023 Master Trust Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹349, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 1,843% over the past three years. Announcement • Aug 29
Master Trust Limited, Annual General Meeting, Sep 30, 2023 Master Trust Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Location: Hotel Silver Stone, Dugri Road, Near Libra Bus Service, D-Block, Model Town Extension, Model Town, Ludhiana, Punjab-141002 Ludhiana India Agenda: To consider Board changes. Reported Earnings • Aug 05
First quarter 2024 earnings released: EPS: ₹8.80 (vs ₹6.20 in 1Q 2023) First quarter 2024 results: EPS: ₹8.80 (up from ₹6.20 in 1Q 2023). Revenue: ₹808.8m (up 11% from 1Q 2023). Net income: ₹191.4m (up 42% from 1Q 2023). Profit margin: 24% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 171% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Master Trust Limited Announces Resignation of Anil Bhatia as Independent Director Master Trust Limited informed that Mr. Anil Bhatia, independent Director of the Company has vide his resignation letter dated August 4, 2023 resigned from the Board of Directors of the Company and from the Committees of the Board of the Company with effect from August 4, 2023. Announcement • Jul 29
Master Trust Limited to Report Q1, 2024 Results on Aug 04, 2023 Master Trust Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹374, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 2,253% over the past three years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹337, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 2,093% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 60% After last week's 60% share price gain to ₹220, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 1,657% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹30.30 (vs ₹25.36 in FY 2022) Full year 2023 results: EPS: ₹30.30 (up from ₹25.36 in FY 2022). Revenue: ₹3.07b (up 3.0% from FY 2022). Net income: ₹658.9m (up 19% from FY 2022). Profit margin: 22% (up from 19% in FY 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 135% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Master Trust Limited to Report Q4, 2023 Results on May 26, 2023 Master Trust Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹141, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 20x in the Capital Markets industry in India. Total returns to shareholders of 736% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹8.60 (vs ₹6.10 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.60 (up from ₹6.10 in 3Q 2022). Revenue: ₹786.9m (up 4.1% from 3Q 2022). Net income: ₹187.5m (up 42% from 3Q 2022). Profit margin: 24% (up from 18% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Master Trust Limited to Report Q3, 2023 Results on Feb 03, 2023 Master Trust Limited announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Jan 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. Non-Executive Independent Director Rajiv Kalra was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹123, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 693% over the past three years. Announcement • Nov 06
Master Trust Limited to Report Q2, 2023 Results on Nov 14, 2022 Master Trust Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Aug 26
Master Trust Limited, Annual General Meeting, Sep 29, 2022 Master Trust Limited, Annual General Meeting, Sep 29, 2022, at 11:00 Indian Standard Time. Location: Master Chambers, SCO 19, Feroze Gandhi Market, Ludhiana Punjab India Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 20% share price gain to ₹150, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 1,010% over the past three years. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹6.20 (vs ₹5.50 in 1Q 2022) First quarter 2023 results: EPS: ₹6.20 (up from ₹5.50 in 1Q 2022). Revenue: ₹731.9m (up 11% from 1Q 2022). Net income: ₹134.4m (up 12% from 1Q 2022). Profit margin: 18% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹138, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 18x in the Capital Markets industry in India. Total returns to shareholders of 1,002% over the past three years. Announcement • Jul 31
Master Trust Limited to Report Q1, 2023 Results on Aug 05, 2022 Master Trust Limited announced that they will report Q1, 2023 results on Aug 05, 2022 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹110, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 576% over the past three years. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹25.40 (vs ₹15.80 in FY 2021) Full year 2022 results: EPS: ₹25.40 (up from ₹15.80 in FY 2021). Revenue: ₹2.96b (up 44% from FY 2021). Net income: ₹551.8m (up 61% from FY 2021). Profit margin: 19% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹118, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 607% over the past three years. Announcement • May 21
Master Trust Limited to Report Q4, 2022 Results on May 30, 2022 Master Trust Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 21% share price gain to ₹172, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 18x in the Capital Markets industry in India. Total returns to shareholders of 701% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to ₹148, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 15x in the Capital Markets industry in India. Total returns to shareholders of 643% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹106, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 18x in the Capital Markets industry in India. Total returns to shareholders of 378% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹98.65, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 286% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹117, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 20x in the Capital Markets industry in India. Total returns to shareholders of 361% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹15.80 (vs ₹5.66 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.06b (up 74% from FY 2020). Net income: ₹343.7m (up 179% from FY 2020). Profit margin: 17% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹50.60, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 15x in the Capital Markets industry in India. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improved over the past week After last week's 19% share price gain to ₹49.60, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 12x in the Capital Markets industry in India. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 27% share price gain to ₹36.10, the stock is trading at a trailing P/E ratio of 3.5x, up from the previous P/E ratio of 2.7x. This compares to an average P/E of 13x in the Capital Markets industry in India. Total return to shareholders over the past three years is a loss of 19%. Is New 90 Day High Low • Feb 25
New 90-day high: ₹28.35 The company is up 85% from its price of ₹15.35 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 15% share price gain to ₹25.90, the stock is trading at a trailing P/E ratio of 2.5x, up from the previous P/E ratio of 2.1x. This compares to an average P/E of 13x in the Capital Markets industry in India. Total return to shareholders over the past three years is a loss of 46%. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹4.00 (vs ₹1.70 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹519.6m (up 86% from 3Q 2020). Net income: ₹86.4m (up 139% from 3Q 2020). Profit margin: 17% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Master Trust Limited to Report Q3, 2021 Results on Feb 12, 2021 Master Trust Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 15
New 90-day high: ₹18.35 The company is up 2.0% from its price of ₹18.00 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₹18.35, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.9x. This compares to an average P/E of 15x in the Capital Markets industry in India. Total return to shareholders over the past three years is a loss of 42%. Is New 90 Day High Low • Nov 27
New 90-day low: ₹15.35 The company is down 8.0% from its price of ₹16.75 on 28 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is flat over the same period. Announcement • Nov 05
Master Trust Limited to Report Q2, 2021 Results on Nov 13, 2020 Master Trust Limited announced that they will report Q2, 2021 results on Nov 13, 2020 
