Mas Financial Services Ltd. share price target

We maintain our BUY rating on the stock with a revised target price of Rs 840/share (2.6x FY24E BV), implying an upside of 14% from the CMP.

We maintain our BUY rating on the stock with a revised target price of Rs 775/share (2.4x FY24E BV), implying an upside of 37% from the CMP.

We maintain a BUY rating on the stock with a revised target price of Rs 800/share (2.5x FY24E BV), implying an upside of 28% from the CMP.

We maintain a BUY rating on the stock with a revised target price of Rs 765/share (2.5x H1FY24E BV), implying an upside of 35% from the CMP.

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.

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.

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...