MAS Financial Services Limited

NSEI:MASFIN Stock Report

Market Cap: ₹50.6b

MAS Financial Services Valuation

Is MASFIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MASFIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MASFIN (₹279) is trading above our estimate of fair value (₹119.42)

Significantly Below Fair Value: MASFIN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MASFIN?

Key metric: As MASFIN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MASFIN. This is calculated by dividing MASFIN's market cap by their current earnings.
What is MASFIN's PE Ratio?
PE Ratio18x
Earnings₹2.81b
Market Cap₹50.63b

Price to Earnings Ratio vs Peers

How does MASFIN's PE Ratio compare to its peers?

The above table shows the PE ratio for MASFIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.9x
EQUITAS Equitas Holdings
16.2x44.7%₹41.1b
FEDFINA Fedbank Financial Services
13x33.8%₹34.9b
532900 Paisalo Digital
22.9x25.8%₹42.3b
SPANDANA Spandana Sphoorty Financial
27.3x84.8%₹26.0b
MASFIN MAS Financial Services
18xn/a₹50.6b

Price-To-Earnings vs Peers: MASFIN is good value based on its Price-To-Earnings Ratio (18x) compared to the peer average (21.1x).

Price to Earnings Ratio vs Industry

How does MASFIN's PE Ratio compare vs other companies in the IN Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
523384 Maha Rashtra Apex
0.7xn/aUS$27.53m
No more companies available in this PE range
MASFIN 18.0xIndustry Avg. 22.4xNo. of Companies10PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MASFIN is good value based on its Price-To-Earnings Ratio (18x) compared to the Indian Consumer Finance industry average (22.4x).

Price to Earnings Ratio vs Fair Ratio

What is MASFIN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MASFIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MASFIN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MASFIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹279.00
₹361.50
+29.6%
7.4%₹401.00₹325.00n/a4
Nov ’25₹292.20
₹361.50
+23.7%
7.4%₹401.00₹325.00n/a4
Oct ’25₹288.85
₹343.33
+18.9%
5.0%₹360.00₹320.00n/a3
Sep ’25₹290.25
₹343.33
+18.3%
5.0%₹360.00₹320.00n/a3
Aug ’25₹291.65
₹343.33
+17.7%
5.0%₹360.00₹320.00n/a3
Jul ’25₹294.50
₹358.33
+21.7%
6.5%₹390.00₹335.00n/a3
Jun ’25₹288.65
₹358.33
+24.1%
6.5%₹390.00₹335.00n/a3
May ’25₹298.50
₹358.33
+20.0%
6.5%₹390.00₹335.00n/a3
Apr ’25₹294.70
₹375.78
+27.5%
2.9%₹386.67₹360.67n/a3
Mar ’25₹330.35
₹375.78
+13.8%
2.9%₹386.67₹360.67n/a3
Feb ’25₹329.63
₹383.33
+16.3%
0.9%₹386.67₹380.00n/a2
Jan ’25₹290.32
₹361.67
+24.6%
1.4%₹366.67₹356.67n/a2
Dec ’24₹277.98
₹361.67
+30.1%
1.4%₹366.67₹356.67n/a2
Nov ’24₹305.10
₹340.00
+11.4%
5.9%₹360.00₹320.00₹292.202
Oct ’24₹301.03
₹310.00
+3.0%
3.2%₹320.00₹300.00₹288.852
Sep ’24₹272.75
₹310.00
+13.7%
3.2%₹320.00₹300.00₹290.252
Aug ’24₹261.83
₹318.33
+21.6%
4.7%₹333.33₹303.33₹291.652
Jul ’24₹259.15
₹316.67
+22.2%
5.3%₹333.33₹300.00₹294.502
Jun ’24₹246.05
₹316.67
+28.7%
5.3%₹333.33₹300.00₹288.652
May ’24₹233.32
₹328.33
+40.7%
3.6%₹340.00₹316.67₹298.502
Apr ’24₹267.17
₹331.67
+24.1%
2.5%₹340.00₹323.33₹294.702
Mar ’24₹271.25
₹331.67
+22.3%
2.5%₹340.00₹323.33₹330.352
Feb ’24₹265.13
₹337.50
+27.3%
3.7%₹350.00₹325.00₹329.632
Jan ’24₹270.23
₹351.67
+30.1%
0.5%₹353.33₹350.00₹290.322
Dec ’23₹284.98
₹351.67
+23.4%
0.5%₹353.33₹350.00₹277.982
Nov ’23₹262.72
₹273.33
+4.0%
1.2%₹276.67₹270.00₹305.102

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Manappuram Finance

₹128.3b

A gold loan non-banking financial company, provides retail credit products and financial services in India.

531213

₹151.55

7D

-2.7%

1Y

2.5%

Aditya Birla Capital

₹485.8b

Through its subsidiaries, provides various financial products and services in India and internationally.

ABCAPITAL

₹186.48

7D

-1.3%

1Y

10.5%

Aditya Birla Capital

₹485.8b

Through its subsidiaries, provides various financial products and services in India and internationally.

540691

₹186.55

7D

-1.2%

1Y

10.5%