MAS Financial Services Ltd Overview
Fundamentals of MAS Financial Services Ltd
|P/E Ratio (TTM)||21.15|
|Debt to Equity||4.03|
Financials of MAS Financial Services Ltd
|Jun 2022||Sep 2022||Dec 2022||Mar 2023|
|Profit before tax||62.54||67.55||69.37||72.09|
|EPS in Rs||8.41||9.14||9.39||10.29|
About MAS Financial Services Ltd
MAS Financial Services Limited is a Gujarat-headquartered NBFC with more than two decades of business operations. The company's business and financing products are primarily focused on middle and lowe ... r income customer segments spread across urban, semi urban and rural areas, and including formal and informal sector. The company offers financial services for Micro Enterprises Loans, SME Loans, Home Loans, Two Wheeler Loans, Used Car Loans, and Commercial Vehicle Loans to satisfy their varied needs. It has a strong distribution network of 99 branches in major cities of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu and Karnataka with around 3300 centers reach and more than 100 NBFCs also being the part of distribution arrangement. MAS Financial Services Limited was incorporated as a Public Limited Company on May 25, 1995 at Ahmedabad. The Company received a Certificate for Commencement of Business on May 29, 1995. The Company was initially registered as a Category A (public deposit taking) NBFC pursuant to a Certificate of Registration dated May 8, 1998, issued by the RBI. In 2006, the Company received investment from Bellwether Microfinance Trust. During the year under review, MAS Rural Housing & Mortgage Finance Limited (MRHMFL) was incorporated as a subsidiary of the company. MRHMFL is primarily engaged in providing housing finance. Upon conversion of the company to a Category B (non-public deposit taking) NBFC, the company received a certificate of registration (bearing registration number B-01-00241) dated January 15, 2007, issued by the RBI.In 2008, the company received investment from Nederlandse Financierings - Maatschappij voor Ontwikkelingslanden N.V. (FMO) and ICICI Venture Fund Management Company Limited. In 2010, the company developed and implemented customised Enterprise Resource Planning system called MASEX'. In 2012, the company received investment from DEG-Deutsche Investitions-und Entwicklungsgesellschaft MBH (DEG). In 2013, the company's assets under management (AUM) crossed Rs 1000 crore. In 2014, Sarva Capital, then known as Lok Capital II LLC, purchased 2.17 crore compulsorily convertible cumulative preference shares of the company from FMO. In 2015, the company's AUM crossed Rs 2000 crore. During the year under review, non-convertible debentures (NCDs) issued by the company were listed on BSE Limited. In 2016, credit rating agency India Ratings & Research upgraded its rating of the company's bank loans to 'Ind A', with stable outlook. In 2017, the company's AUM crossed Rs 3000 crore. The company came out with an initial public offer (IPO) during the period from 6 October 2017 to 10 October 2017. The IPO was a combination of fresh issue of Rs 233 crore and an offer for sale of up to Rs 227.04 crore by the selling shareholders. The stock debuted at Rs 660 on BSE on 18 October 2017, a premium of 43.79% compared with the IPO price of Rs 459 per share.During the financial year 2018-19, the company's AUM crossed Rs 4000 crore. During the year 2018, the Company raised fund via initial public offering of 1,00,39,277 equity shares (comprising of fresh issue of 50,92,829 equity shares and offer for sale of 49,46,448 equity shares) of face value of Rs 10 each. During the year 2019, the Company started operations in Diyodar and Bhilwara. During FY 2019, the Company made investment in the equity share capital of its subsidiary, MAS Rural Housing & Mortgage Finance Limited up to a sum of Rs 9,00,00,000/-. During the year 2020, Company has started operations in Gujarat, Madhya Pradesh, Maharashtra and added one more branch each in Jaipur and Jodhpur cities of Rajasthan. The Company has 69 branches Pan India as on March 31, 2022. Its current Branch Network stands at 125 branches. Read More
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