With the company looking to restart its growth journey after a brief pause, MAS is likely to deliver strong returns over the long term. We maintain a BUY rating on the stock with target price of Rs 925/share (3.2x FY23E BV), implying an upside of 23% from CMP.

Mas Financial Services Ltd. is trading above its 200 day SMA of 275.4

Mas Financial Services Ltd.

29 Oct 2021

308.05

0.02%

Demand outlook positive; ready for the next growth phase

Buy: Mas Financial Services Ltd.

Motilal Oswal

MASFIN delivered a record high quarterly disbursement of INR14.8b (up 42% QoQ and 80% YoY). After exhibiting a sequential decline in four out of last five quarters, AUM grew 6% QoQ to INR57.9b. Asset quality (deteriorated by ~10bp QoQ to 1.9%), but has still been rather healthy compared to peers in MSME/SME lending. Capital adequacy as well as liquidity on the Balance Sheet continues to remain strong. While there has been a marginal deterioration in GS-III, it witnessed a sharp recovery in disbursement and AUM growth. MASFIN continues to focus on...

Mas Financial Services Ltd. is trading above its 200 day SMA of 275.4

Mas Financial Services Ltd.

29 Oct 2021

308.05

0.02%

Result Update:MAS FINANC SER

Buy: Mas Financial Services Ltd.

Target

Axis Direct

We maintain a BUY rating on the stock with a target price of Rs 925/share (3.2x FY23E BV), implying an upside of 25% from CMP.

Mas Financial Servic.. has an average target of 400.00 from 2 brokers.

Mas Financial Services Ltd.

17 Sep 2021

308.05

0.02%

Analyst Meet Update:MAS FINANC SER

Buy: Mas Financial Services Ltd.

Axis Direct

We maintain a BUY rating on the stock with an unchanged target price of Rs 960/share (3.3x FY23E BV), implying an upside of 23% from CMP.

Mas Financial Services Ltd. is trading above its 200 day SMA of 275.4

Mas Financial Services Ltd.

13 Aug 2021

308.05

0.02%

Result Update:MAS FINANC SER

Buy: Mas Financial Services Ltd.

Target

Axis Direct

We value MAS at 3.3x FY23E BV and believe our target multiple reflects the superior return ratio profile and robust asset quality. We maintain a BUY on the stock and arrive at a target price of Rs. 960/share, implying an upside of 25% from CMP.

Mas Financial Services Ltd. is trading below its 30 day SMA of 315.6

Is Mas Financial Services Ltd. worth buying?

109 Votes:

Buy 83.49%

Sell 11.93%

Hold 4.59%

RESEARCH REPORTS

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Buy SEE REPORTS >

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