This S&P BSE 500 stock is classified as Smallcap with a market cap of Rs. 4,827 crore. On Thursday, the company’s shares opened flat and is 6% away from 52 week high and has been experiencing strong momentum since mid April 2023, rising 29% since.
The shares of this stock are trading at Rs. 883.00 which is above 3% its 20 day moving average and 38% above its 200 day moving average.
On 20th September 2023, MAS Financial Services Ltd (“MAS Financial”) released its Investor Presentation outlining its performance and progress it has made on various fronts of the business measured by numerous Key Performance Metrics (“KPI”). Performance wise, in Q1 FY24, the company’s revenue stood at Rs. 292 crore, up 42% YoY from Rs. 205 crore. Net profits during the same period rose 24% from Rs. 46 crore to Rs. 57 crore.
MAS Financial provides retail financing services in India. The company’s portfolio includes Micro Enterprise, SME, Two Wheeler, Commercial Vehicle and Salaried Personal Loans, which have tenors which are under 60 or 36 months.
The company’s shareholding comprises 75% promoter holding, 2% and 11% respectively held by FIIs & DIIs and the rest being held by the public. Its Key FII & DII investors Include Motilal Oswal Alternatives, Axis Mutual Fund, Bandhan Mutual Fund, LIC Mutual Fund, Blackrock, Schoders, UniSuper & Dimensional.
MAS Financial has added around 55,000 loan accounts in the last year from 695,000 to 750,000. It is now present in one additional state in India making it 7 states of direct presence and PAN India presence through NBFC partnerships that has grown from 149 partnerships to 155 this year. AUM, perhaps the most important metric, has grown 26% from Rs. 6,684 crore to 8,418 crore.
The growth has been consistent over a long term, indicated by its high CAGR (16Y – 2007 to 2023) for various metrics. AUM with 25%, Net profits with 24% and Net Worth with 31% CAGRs respectively. Operating expense has reduced 8 bps to 2.07% in Q1 FY24. Return on Avg Net Worth stands at 15.94%, growing 118 bps YoY.
Written by Sandeep R
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