NSEI:MASFIN

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Executive Summary

MAS Financial Services Limited, a non-banking finance company, offers retail financing services in India. More Details


Snowflake Analysis

Adequate balance sheet with questionable track record.


Similar Companies

Share Price & News

How has MAS Financial Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MASFIN is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MASFIN's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

1.5%

MASFIN

2.3%

IN Consumer Finance

3.1%

IN Market


1 Year Return

43.8%

MASFIN

11.5%

IN Consumer Finance

10.4%

IN Market

Return vs Industry: MASFIN exceeded the Indian Consumer Finance industry which returned 12.5% over the past year.

Return vs Market: MASFIN exceeded the Indian Market which returned 10.4% over the past year.


Shareholder returns

MASFINIndustryMarket
7 Day1.5%2.3%3.1%
30 Day25.2%24.9%13.1%
90 Day23.3%22.7%12.8%
1 Year44.6%43.8%16.6%11.5%12.4%10.4%
3 Year65.8%62.3%75.1%58.8%11.0%5.6%
5 Yearn/a268.6%224.9%62.4%50.2%

Long-Term Price Volatility Vs. Market

How volatile is MAS Financial Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MAS Financial Services undervalued compared to its fair value and its price relative to the market?

33.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MASFIN (₹1033.25) is trading above our estimate of fair value (₹148.49)

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


Price To Earnings Ratio

PE vs Industry: MASFIN is poor value based on its PE Ratio (34x) compared to the IN Consumer Finance industry average (11.4x).

PE vs Market: MASFIN is poor value based on its PE Ratio (34x) compared to the Indian market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MASFIN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MASFIN is overvalued based on its PB Ratio (5.2x) compared to the IN Consumer Finance industry average (0.6x).


Next Steps

Future Growth

How is MAS Financial Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

37.3%

Forecasted Diversified Financials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MASFIN's forecast earnings growth is above the savings rate (7.2%).

Earnings vs Market: Insufficient data to determine if MASFIN's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if MASFIN's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if MASFIN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MASFIN's Return on Equity is forecast to be low in 3 years time (18.1%).


Next Steps

Past Performance

How has MAS Financial Services performed over the past 5 years?

27.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MASFIN has high quality earnings.

Growing Profit Margin: MASFIN's current net profit margins (41.2%) are lower than last year (42.4%).


Past Earnings Growth Analysis

Earnings Trend: MASFIN's earnings have grown significantly by 27.8% per year over the past 5 years.

Accelerating Growth: MASFIN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MASFIN had negative earnings growth (-5.2%) over the past year, making it difficult to compare to the Consumer Finance industry average (-0.4%).


Return on Equity

High ROE: MASFIN's Return on Equity (15.1%) is considered low.


Next Steps

Financial Health

How is MAS Financial Services's financial position?


Financial Position Analysis

Short Term Liabilities: MASFIN's short term assets (₹49.0B) exceed its short term liabilities (₹64.1M).

Long Term Liabilities: MASFIN's short term assets (₹49.0B) exceed its long term liabilities (₹39.4B).


Debt to Equity History and Analysis

Debt Level: MASFIN's debt to equity ratio (269.9%) is considered high.

Reducing Debt: MASFIN's debt to equity ratio has reduced from 670.3% to 269.9% over the past 5 years.

Debt Coverage: MASFIN's debt is well covered by operating cash flow (30.3%).

Interest Coverage: Insufficient data to determine if MASFIN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is MAS Financial Services's current dividend yield, its reliability and sustainability?

0.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MASFIN's dividend (0.77%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).

High Dividend: MASFIN's dividend (0.77%) is low compared to the top 25% of dividend payers in the Indian market (2.07%).


Stability and Growth of Payments

Stable Dividend: MASFIN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MASFIN's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.6%), MASFIN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.6yrs

Average management tenure


CEO

Darshana Pandya (48 yo)

1.08yrs

Tenure

₹3,268,000

Compensation

Ms. Darshana Saumil Pandya serves Whole-Time Director at MAS Financial Services Ltd. since July 31, 2019 and serves its Chief Executive Officer since November 06, 2019. Ms. Pandya served as Chief Operating...


CEO Compensation Analysis

Compensation vs Market: Darshana's total compensation ($USD44.45K) is below average for companies of similar size in the Indian market ($USD378.36K).

Compensation vs Earnings: Darshana's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kamlesh Gandhi
Founderno data₹84.61m11.5%
₹ 6.5b
Darshana Pandya
CEO & Whole Time Director1.08yrs₹3.27m0.026%
₹ 14.8m
Saumil Pandya
President & Head of Retail Assetsno data₹4.94mno data
Mukesh Gandhi
Co-Founder25.58yrs₹84.50m29.56%
₹ 16.8b
Ankit Jain
CFO & Head of Investor Relations1.08yrs₹6.68mno data
Riddhi Bhayani
Company Secretary & Compliance Officerno data₹749.51k0.00062%
₹ 351.7k
Nishant Jain
Chief Risk Officerno data₹2.53mno data
Dipak Dangar
Chief Operating Officer of Retail Asset Channel12.58yrs₹2.93mno data
Bhavesh Patel
Head of Accountsno datano datano data
Sunil Shah
Head of portfoliono datano datano data
Gaurang Kasudia
Head of MISno datano datano data

12.6yrs

Average Tenure

45.5yo

Average Age

Experienced Management: MASFIN's management team is seasoned and experienced (12.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kamlesh Gandhi
Founderno data₹84.61m11.5%
₹ 6.5b
Darshana Pandya
CEO & Whole Time Director1.08yrs₹3.27m0.026%
₹ 14.8m
Mukesh Gandhi
Co-Founder25.58yrs₹84.50m29.56%
₹ 16.8b
Dakshaben Shah
Non-Executive Women Independent Director0.83yr₹75.00kno data
Balabhaskaran Nair
Non-Executive Independent Director25.58yrs₹175.00k0.0017%
₹ 981.3k
Chetanbhai Shah
Non-Executive Independent Director12.5yrs₹235.00kno data
Umesh Shah
Non-Executive Independent Director4yrs₹195.00kno data

8.4yrs

Average Tenure

63yo

Average Age

Experienced Board: MASFIN's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MASFIN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MAS Financial Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MAS Financial Services Limited
  • Ticker: MASFIN
  • Exchange: NSEI
  • Founded: 1995
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹56.720b
  • Shares outstanding: 54.66m
  • Website: https://www.mas.co.in

Number of Employees


Location

  • MAS Financial Services Limited
  • 6, Narayan Chambers
  • Ground Floor
  • Ahmedabad
  • Gujarat
  • 380009
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540749BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2017
MASFINNSEI (National Stock Exchange of India)YesEquity SharesININROct 2017

Biography

MAS Financial Services Limited, a non-banking finance company, offers retail financing services in India. The company provides micro enterprise, two wheeler, small and medium enterprise, salaried personal,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 12:01
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.