MAS Financial Services
Market Cap
₹56.7b
Last Updated
2020/12/02 12:01 UTC
Data Sources
Company Financials +
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
| MASFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 2.3% | 3.1% |
| 30 Day | 25.2% | 24.9% | 13.1% |
| 90 Day | 23.3% | 22.7% | 12.8% |
| 1 Year | 44.6%43.8% | 16.6%11.5% | 12.4%10.4% |
| 3 Year | 65.8%62.3% | 75.1%58.8% | 11.0%5.6% |
| 5 Year | n/a | 268.6%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
1 week ago | Simply Wall St
Does MAS Financial Services' (NSE:MASFIN) Share Price Gain of 72% Match Its Business Performance?1 week ago | Simply Wall St
Co-Founder Mukesh Gandhi Just Bought A Handful Of Shares In MAS Financial Services Limited (NSE:MASFIN)1 month ago | Simply Wall St
Are Insiders Buying MAS Financial Services Limited (NSE:MASFIN) Stock?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | ₹84.61m | 11.5% ₹ 6.5b | |
| CEO & Whole Time Director | 1.08yrs | ₹3.27m | 0.026% ₹ 14.8m | |
| President & Head of Retail Assets | no data | ₹4.94m | no data | |
| Co-Founder | 25.58yrs | ₹84.50m | 29.56% ₹ 16.8b | |
| CFO & Head of Investor Relations | 1.08yrs | ₹6.68m | no data | |
| Company Secretary & Compliance Officer | no data | ₹749.51k | 0.00062% ₹ 351.7k | |
| Chief Risk Officer | no data | ₹2.53m | no data | |
| Chief Operating Officer of Retail Asset Channel | 12.58yrs | ₹2.93m | no data | |
| Head of Accounts | no data | no data | no data | |
| Head of portfolio | no data | no data | no data | |
| Head of MIS | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | ₹84.61m | 11.5% ₹ 6.5b | |
| CEO & Whole Time Director | 1.08yrs | ₹3.27m | 0.026% ₹ 14.8m | |
| Co-Founder | 25.58yrs | ₹84.50m | 29.56% ₹ 16.8b | |
| Non-Executive Women Independent Director | 0.83yr | ₹75.00k | no data | |
| Non-Executive Independent Director | 25.58yrs | ₹175.00k | 0.0017% ₹ 981.3k | |
| Non-Executive Independent Director | 12.5yrs | ₹235.00k | no data | |
| Non-Executive Independent Director | 4yrs | ₹195.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 540749 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Oct 2017 |
| MASFIN | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/02 12:01 |
| End of Day Share Price | 2020/12/02 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.