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24 Mar 2026 |
Mas Financial
|
Consensus Share Price Target
|
293.30 |
414.17 |
- |
41.21 |
buy
|
|
|
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17 Feb 2026
|
Mas Financial
|
Axis Direct
|
293.30
|
425.00
|
337.80
(-13.17%)
|
44.90 |
Buy
|
|
|
We reiterate our BUY recommendation on the stock. The stock currently trades at 1.9x Sep'27E BV, and we value it at 2.2x Sep'27E BV to arrive at a target price of Rs 425/share, implying an upside of 24% from the CMP.
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16 Feb 2026
|
Mas Financial
|
Motilal Oswal
|
293.30
|
395.00
|
343.35
(-14.58%)
|
34.67 |
Buy
|
|
|
MAS Financial has articulated Vision 2036 of scaling its AUM to INR1t (20-25% growth) while staying anchored to its long-standing philosophy of compounding with prudence, combining growth with strict risk discipline, profitability and balance-sheet strength.
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30 Jan 2026
|
Mas Financial
|
Motilal Oswal
|
293.30
|
395.00
|
325.30
(-9.84%)
|
34.67 |
Buy
|
|
|
MAS Financial Services’ (MASFIN) 3QFY26 PAT grew ~16% YoY to INR903m (in line). Net total income rose 28% YoY to INR2.6b (in line). Opex grew ~49% YoY to INR1b (7% higher than est.).
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|
18 Nov 2025
|
Mas Financial
|
Motilal Oswal
|
293.30
|
380.00
|
317.30
(-7.56%)
|
29.56 |
Buy
|
|
|
MAS Financial (MAS) navigated 1HFY26 with prudence amid macro moderation and sectoral stress. It maintained a strong focus on both portfolio quality and profitability.
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|
07 Nov 2025
|
Mas Financial
|
Axis Direct
|
293.30
|
380.00
|
307.35
(-4.57%)
|
29.56 |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
25 Jul 2025
|
Mas Financial
|
Axis Direct
|
293.30
|
400.00
|
320.70
(-8.54%)
|
36.38 |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
24 Jul 2025
|
Mas Financial
|
Motilal Oswal
|
293.30
|
400.00
|
332.75
(-11.86%)
|
36.38 |
Buy
|
|
|
MAS Financial Services (MASFIN)’s 1QFY26 PAT grew ~19% YoY to INR839m (in line). Fee income rose ~55% YoY to ~INR300m. Net total income was up 36% YoY to INR2.4b (in line), while opex at INR827m grew ~46% YoY (8% higher than MOFSLe).
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|
05 May 2025
|
Mas Financial
|
Axis Direct
|
293.30
|
325.00
|
267.05
(9.83%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
03 May 2025
|
Mas Financial
|
Motilal Oswal
|
293.30
|
320.00
|
262.40
(11.78%)
|
Target met |
Buy
|
|
|
MASFIN’s 4QFY25 PAT grew ~19% YoY to INR808m (in line). FY25 PAT rose ~23% YoY to INR3.1b. Net total income was up 34% YoY to INR2.3b (5% beat), while opex at INR744m grew ~34% YoY (in line). PPoP stood at INR1.5b (5% beat) and grew 35% YoY.
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|
25 Oct 2024
|
Mas Financial
|
Axis Direct
|
293.30
|
355.00
|
282.25
(3.91%)
|
|
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
25 Sep 2024
|
Mas Financial
|
Axis Direct
|
293.30
|
360.00
|
297.45
(-1.40%)
|
|
Buy
|
|
|
We interacted with the senior management team of MAS Financial Services Ltd. (MAS) and the Business Heads of Retail, SME and Housing segment to get an in-depth understanding of the business processes and understand the growth strategy.
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|
25 May 2024
|
Mas Financial
|
Axis Direct
|
293.30
|
321.00
|
291.45
(0.63%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a TP of Rs 321/share, implying an upside of 10% from the CMP.
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|
26 Apr 2024
|
Mas Financial
|
Axis Direct
|
293.30
|
380.00
|
304.85
(-3.79%)
|
|
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
26 Apr 2024
|
Mas Financial
|
Motilal Oswal
|
293.30
|
390.00
|
304.85
(-3.79%)
|
|
Buy
|
|
|
4QFY24 PAT grew ~23% YoY to INR681m (in line). FY24 PAT at INR2.48b rose ~23% YoY. PPoP stood at INR1.13b (in line) and grew 27% YoY.
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|
29 Jan 2024
|
Mas Financial
|
Axis Direct
|
293.30
|
1195.00
|
989.65
(-70.36%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
27 Jan 2024
|
Mas Financial
|
Motilal Oswal
|
293.30
|
1160.00
|
984.15
(-70.20%)
|
Pre-Bonus/ Split |
Buy
|
|
|
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|
03 Nov 2023
|
Mas Financial
|
Axis Direct
|
293.30
|
1075.00
|
914.90
(-67.94%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
04 Aug 2023
|
Mas Financial
|
Axis Direct
|
293.30
|
935.00
|
762.55
(-61.54%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
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|
04 Aug 2023
|
Mas Financial
|
Motilal Oswal
|
293.30
|
900.00
|
762.55
(-61.54%)
|
Target met |
Buy
|
|
|
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|
12 May 2023
|
Mas Financial
|
Axis Direct
|
293.30
|
955.00
|
735.85
(-60.14%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|