Mas Financial Services Ltd. share price target

MAS Financial Services (MASFIN) reported PAT of INR253m (+37% YoY), driven by operating profit growth (+55% YoY). Net income grew 50% YoY and 10% QoQ to INR735m, led by a) strong AUM growth of 5% QoQ and 33% YoY to INR36.6b (ex-housing finance portfolio) and b) NIM (calculated) improvement of 50bp/110bp QoQ/YoY to 8.2%, partially helped by capital raise. Micro enterprises lending (MEL), which constitutes ~62% of overall AUM, was the key driver of growth QoQ (+8%). SME growth remained flat QoQ.On a YoY basis, MEL (25%) and SME (62%) loans were the key drivers.

Proceeds will go to the Selling Shareholders. Business Overview: MAS Financial Services Ltd (MAS) is a NBFC with more than two decades of business operations. As of June 30, 2017, they operated across 6 States and the NCT of Delhi. The Company's business and financing products are primarily focused on middle and low income customer segments, and include five principal categories: (i) micro-enterprise loans; (ii) SME loans; (iii) two-wheeler loans; (iv) Commercial Vehicle loans (which include...

MAS Financial Services Limited IPO Issue Open: Oct 06 - Oct 10, 2017, Price Band: Rs. 456 - 459 (A discount of Rs 45 is offered to eligible Employees) Issue Size: *100,22,702 Equity Shares (including *Fresh issue of 50,76,253 Equity Shares + Offer for sale 49,46,449 equity shares including Employee Reservation)

MAS Financial Services (MASFS) is a Gujarat-headquartered NBFC with more than two decades of operations. As of Q1FY18, it operated across six states and the NCT of Delhi. The company's business and financing products are primarily focused on middle and low income customer segments, and include five segments - micro-enterprise loans, SME loans, two-wheeler loans, commercial vehicle loans and housing loans. As of Q1FY18, AUM was at | 3452 crore and has increased at a robust pace of 33.4% CAGR from | 1053 crore as of FY13 to | 3332 crore in...

MAS Financial Services Limited is a Gujarat-based NBFC with more than two decades of business operations and as of June 30, 2017, the company operates across six States and the NCT of Delhi. The company's business and financing products are primarily focused on middle and low income customer segments, and include five principal categories: (i) microenterprise loans; (ii) SME loans; (iii) two-wheeler loans; (iv) Commercial Vehicle loans...

MAS Financial Services Ltd. (MFSL) is a Gujarat-headquartered NBFC with more than two decades of business operations and as of June 30, 2017, it operated across six States and the NCT of Delhi. Its business and financing products are primarily focused on middle and low income customer segments, and include five principal categories: (i) micro-enterprise loans; (ii) SME loans; (iii) two-wheeler loans; (iv) Commercial Vehicle loans (which include new and used commercial vehicle loans, used car loans and tractor loans); and (v) housing loans. MFSL's shareholders...

MAS Financial Services (MAS) is a Gujarat based NBFC, which is two decades old. It primarily lends to Micro Enterprises (ME) and SME, which contribute 60% and 23% of its AUM respectively. Companys business and financing is in five categories i.e. micro-enterprise loan, SME loans, two wheeler loans, commercial vehicle loans and housing loa..

MAS Financial Services Ltd. (MFSL), incorporated in 1995, is a Gujarat based NBFC with business operations spread across six states and NCT Price Band (per share) Rs456-Rs459...