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MAS Financial Services

NSEI:MASFIN
Snowflake Description

Acceptable track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MASFIN
NSEI
₹32B
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

MAS Financial Services Limited offers retail financing services in India. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
  • MAS Financial Services has significant price volatility in the past 3 months.
MASFIN Share Price and Events
7 Day Returns
10.3%
NSEI:MASFIN
2.8%
IN Consumer Finance
5.7%
IN Market
1 Year Returns
-1.8%
NSEI:MASFIN
-30.4%
IN Consumer Finance
-26.5%
IN Market
MASFIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MAS Financial Services (MASFIN) 10.3% -44.8% -33.3% -1.8% - -
IN Consumer Finance 2.8% -39.5% -41.7% -30.4% 8.8% 81.3%
IN Market 5.7% -15.5% -26.4% -26.5% -18.9% -8.7%
1 Year Return vs Industry and Market
  • MASFIN outperformed the Consumer Finance industry which returned -30.4% over the past year.
  • MASFIN outperformed the Market in India which returned -26.5% over the past year.
Price Volatility
MASFIN
Industry
5yr Volatility vs Market

MASFIN Value

 Is MAS Financial Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MAS Financial Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MAS Financial Services.

NSEI:MASFIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹147.26 * 15.3%
₹22.55
Book Value of Equity per Share Median Book Value from the past 5 years. ₹147.26
Discount Rate (Cost of Equity) See below 17.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:MASFIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.676 (1 + (1- 35%) (83.81%))
1.403
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.403 * 7.85%)
17.49%

Discounted Cash Flow Calculation for NSEI:MASFIN using Excess Returns Model Model

The calculations below outline how an intrinsic value for MAS Financial Services is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NSEI:MASFIN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.3% – 17.49%) * ₹147.26)
₹-3.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-3.21 / (17.49% - 6.48%)
₹-29.18
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹147.26 + ₹-29.18
₹118.08
NSEI:MASFIN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:MASFIN represents 1.00293x of BSE:540749
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00293x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 118.08 x 1.00293
₹118.42
Value per share (INR) From above. ₹118.42
Current discount Discount to share price of ₹583.05
= -1 x (₹583.05 - ₹118.42) / ₹118.42
-392.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of MAS Financial Services is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MAS Financial Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MAS Financial Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MASFIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹33.86
BSE:540749 Share Price ** BSE (2020-04-09) in INR ₹581.35
India Consumer Finance Industry PE Ratio Median Figure of 70 Publicly-Listed Consumer Finance Companies 10.15x
India Market PE Ratio Median Figure of 2,616 Publicly-Listed Companies 9.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MAS Financial Services.

NSEI:MASFIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540749 Share Price ÷ EPS (both in INR)

= 581.35 ÷ 33.86

17.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MAS Financial Services is overvalued based on earnings compared to the IN Consumer Finance industry average.
  • MAS Financial Services is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does MAS Financial Services's expected growth come at a high price?
Raw Data
NSEI:MASFIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
India Consumer Finance Industry PEG Ratio Median Figure of 11 Publicly-Listed Consumer Finance Companies 0.35x
India Market PEG Ratio Median Figure of 399 Publicly-Listed Companies 0.85x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MAS Financial Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MAS Financial Services's assets?
Raw Data
NSEI:MASFIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹183.11
BSE:540749 Share Price * BSE (2020-04-09) in INR ₹581.35
India Consumer Finance Industry PB Ratio Median Figure of 84 Publicly-Listed Consumer Finance Companies 0.54x
India Market PB Ratio Median Figure of 3,614 Publicly-Listed Companies 0.65x
NSEI:MASFIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540749 Share Price ÷ Book Value per Share (both in INR)

= 581.35 ÷ 183.11

3.17x

* Primary Listing of MAS Financial Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MAS Financial Services is overvalued based on assets compared to the IN Consumer Finance industry average.
X
Value checks
We assess MAS Financial Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. MAS Financial Services has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MASFIN Future Performance

 How is MAS Financial Services expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.8%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MAS Financial Services expected to grow at an attractive rate?
  • Unable to compare MAS Financial Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MAS Financial Services's earnings growth to the India market average as no estimate data is available.
  • Unable to compare MAS Financial Services's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MASFIN Future Growth Rates Data Sources
Data Point Source Value (per year)
India Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 23.8%
India Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 23.2%
India Market Earnings Growth Rate Market Cap Weighted Average 19.5%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:MASFIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MASFIN Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31
2021-03-31
2020-04-09
2020-03-31
NSEI:MASFIN Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 4,281 1,859
2019-09-30 4,150 -4,514 1,761
2019-06-30 4,057 1,639
2019-03-31 3,891 -4,680 1,535
2018-12-31 3,184 1,441
2018-09-30 2,851 1,286
2018-06-30 2,684 1,180
2018-03-31 2,979 -3,860 1,042
2017-12-31 2,540 880
2017-09-30 2,013 736
2017-06-30 1,937 -2,860 704
2017-03-31 1,821 -1,643 646

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MAS Financial Services is high growth as no earnings estimate data is available.
  • Unable to determine if MAS Financial Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:MASFIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from MAS Financial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MASFIN Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31
2020-04-09
2020-03-31
NSEI:MASFIN Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 33.86
2019-09-30 32.18
2019-06-30 29.98
2019-03-31 28.09
2018-12-31 25.96
2018-09-30 23.21
2018-06-30 22.92
2018-03-31 21.15
2017-12-31 19.75
2017-09-30 17.93
2017-06-30 17.19
2017-03-31 16.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MAS Financial Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MAS Financial Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MAS Financial Services has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MASFIN Past Performance

  How has MAS Financial Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MAS Financial Services's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MAS Financial Services has delivered over 20% year on year earnings growth in the past 5 years.
  • MAS Financial Services's 1-year earnings growth is less than its 5-year average (29% vs 31.5%)
  • MAS Financial Services's earnings growth has exceeded the IN Consumer Finance industry average in the past year (29% vs 15.6%).
Earnings and Revenue History
MAS Financial Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MAS Financial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MASFIN Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,280.55 1,858.72 618.47
2019-09-30 4,149.94 1,760.57 596.18
2019-06-30 4,056.56 1,638.87 575.59
2019-03-31 3,890.94 1,535.37 565.51
2018-12-31 3,184.36 1,440.84 564.54
2018-09-30 2,850.60 1,286.26 541.03
2018-06-30 2,683.61 1,179.72 519.19
2018-03-31 2,978.53 1,042.43 483.86
2017-12-31 2,539.81 879.90 390.64
2017-09-30 2,012.81 736.47 364.72
2017-06-30 1,937.06 704.13 356.58
2017-03-31 1,820.91 645.79 341.87
2016-03-31 1,503.37 472.85 284.12
2015-03-31 1,134.71 364.98 202.68
2014-03-31 998.76 293.20 180.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MAS Financial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MAS Financial Services used its assets more efficiently than the IN Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if MAS Financial Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess MAS Financial Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MAS Financial Services has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MASFIN Health

 How is MAS Financial Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MAS Financial Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MAS Financial Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MAS Financial Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MAS Financial Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MAS Financial Services Company Filings, last reported 3 months ago.

NSEI:MASFIN Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 10,087.89 26,631.75 4,163.56
2019-09-30 10,087.89 26,631.75 4,163.56
2019-06-30 9,400.55 22,730.89 4,098.06
2019-03-31 9,400.55 22,730.89 4,098.06
2018-12-31 8,176.39 15,998.49 1,104.54
2018-09-30 8,176.39 15,998.49 1,104.54
2018-06-30 7,351.81 14,550.55 572.17
2018-03-31 7,915.45 14,546.71 597.26
2017-12-31
2017-09-30
2017-06-30 4,031.92 15,020.73 1,507.35
2017-03-31 3,461.83 13,136.03 473.66
2016-03-31 1,947.86 13,585.56 1,817.02
2015-03-31 1,693.44 10,808.71 2,176.72
2014-03-31 1,344.98 7,727.46 1,854.36
  • MAS Financial Services's level of debt (264%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (625.3% vs 264% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on MAS Financial Services's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess MAS Financial Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MAS Financial Services has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MASFIN Dividends

 What is MAS Financial Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.38%
Current annual income from MAS Financial Services dividends.
If you bought ₹2,000 of MAS Financial Services shares you are expected to receive ₹28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MAS Financial Services's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.89%).
  • MAS Financial Services's dividend is below the markets top 25% of dividend payers in India (3.79%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:MASFIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.8%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 0.9%
India Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MASFIN Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31
2020-04-09
2020-03-31
NSEI:MASFIN Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2020-02-19 8.000 1.083
2019-11-06 5.600 0.662
2019-05-08 5.100 0.831
2018-11-01 3.660 0.665
2018-05-09 4.320 0.787
2017-11-08 3.000 0.491

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MAS Financial Services has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but MAS Financial Services only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of MAS Financial Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MAS Financial Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MAS Financial Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MAS Financial Services has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MASFIN Management

 What is the CEO of MAS Financial Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Darshana Pandya
COMPENSATION ₹3,132,000
AGE 47
TENURE AS CEO 0.4 years
CEO Bio

Mrs. Darshana Saumil Pandya serves Whole-Time Director at MAS Financial Services Ltd. since July 31, 2019 and serves its Chief Executive Officer since November 06, 2019. Mrs. Pandya served as Chief Operating Officer at MAS Financial Services Limited until 2019. She was Executive Director of MAS Financial Services Limited since September 23, 2016 until July 31, 2019. Mrs. Pandya has experience in the financial service sector. She holds a bachelor's degree in commerce from Gujarat University.

CEO Compensation
  • Darshana's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Darshana's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the MAS Financial Services management team in years:

16.3
Average Tenure
47
Average Age
  • The average tenure for the MAS Financial Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kamlesh Gandhi

TITLE
Founder
COMPENSATION
₹72M
AGE
53
TENURE
32.3 yrs

Darshana Pandya

TITLE
CEO & Whole Time Director
COMPENSATION
₹3M
AGE
47
TENURE
0.4 yrs

Mukesh Gandhi

TITLE
Co-Founder & Whole Time Director
COMPENSATION
₹72M
AGE
62
TENURE
32.3 yrs

Riddhi Bhayani

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹632K

Saumil Pandya

TITLE
President & Head of Retail Assets
AGE
46

Ankit Jain

TITLE
CFO & Head of Investor Relations
AGE
32
TENURE
0.4 yrs

Dipak Dangar

TITLE
Chief Operating Officer

Sunil Shah

TITLE
Head of portfolio
AGE
48

Nishant Jain

TITLE
Chief Risk Officer
AGE
31
Board of Directors Tenure

Average tenure and age of the MAS Financial Services board of directors in years:

7.7
Average Tenure
62
Average Age
  • The tenure for the MAS Financial Services board of directors is about average.
Board of Directors

Kamlesh Gandhi

TITLE
Founder
COMPENSATION
₹72M
AGE
53

Darshana Pandya

TITLE
CEO & Whole Time Director
COMPENSATION
₹3M
AGE
47
TENURE
3.6 yrs

Mukesh Gandhi

TITLE
Co-Founder & Whole Time Director
COMPENSATION
₹72M
AGE
62
TENURE
24.9 yrs

Bala Bhaskaran N. Nair

TITLE
Independent Director
COMPENSATION
₹145K
AGE
68
TENURE
24.9 yrs

Chetanbhai Shah

TITLE
Independent Director
COMPENSATION
₹110K
AGE
65
TENURE
11.8 yrs

Umesh Shah

TITLE
Independent Director
COMPENSATION
₹105K
AGE
62
TENURE
3.3 yrs

Daksha Shah

TITLE
Women Independent Director
COMPENSATION
₹10K
AGE
74
TENURE
0.2 yrs

Subir Nag

TITLE
Independent Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by MAS Financial Services individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
01. Apr 20 Buy Darshana Pandya Individual 30. Mar 20 31. Mar 20 574 ₹518.27 ₹297,486
31. Mar 20 Buy Anamaya Capital LLP Company 30. Mar 20 31. Mar 20 4,327 ₹518.05 ₹2,241,619
31. Mar 20 Buy Kamlesh Gandhi Individual 30. Mar 20 31. Mar 20 4,250 ₹516.16 ₹2,193,676
28. Mar 20 Buy Darshana Pandya Individual 27. Mar 20 27. Mar 20 500 ₹507.27 ₹253,633
26. Mar 20 Buy Anamaya Capital LLP Company 25. Mar 20 26. Mar 20 7,500 ₹479.61 ₹3,597,076
26. Mar 20 Buy Kamlesh Gandhi Individual 25. Mar 20 26. Mar 20 7,500 ₹476.53 ₹3,573,966
24. Mar 20 Buy Anamaya Capital LLP Company 23. Mar 20 24. Mar 20 3,500 ₹504.64 ₹1,766,250
24. Mar 20 Buy Kamlesh Gandhi Individual 24. Mar 20 24. Mar 20 4,000 ₹468.20 ₹1,872,800
19. Mar 20 Buy Anamaya Capital LLP Company 18. Mar 20 19. Mar 20 7,100 ₹680.95 ₹4,834,750
19. Mar 20 Buy Kamlesh Gandhi Individual 18. Mar 20 19. Mar 20 7,054 ₹684.57 ₹4,828,949
13. Mar 20 Buy Darshana Pandya Individual 12. Mar 20 12. Mar 20 1,200 ₹983.89 ₹1,180,674
12. Mar 20 Buy Anamaya Capital LLP Company 11. Mar 20 12. Mar 20 3,542 ₹989.80 ₹3,505,856
12. Mar 20 Buy Kamlesh Gandhi Individual 11. Mar 20 12. Mar 20 9,002 ₹984.40 ₹8,847,626
11. Mar 20 Buy Anamaya Capital LLP Company 09. Mar 20 09. Mar 20 1,000 ₹1,039.69 ₹1,039,691
11. Mar 20 Buy Kamlesh Gandhi Individual 09. Mar 20 09. Mar 20 1,000 ₹1,039.99 ₹1,039,991
07. Mar 20 Buy Anamaya Capital LLP Company 06. Mar 20 06. Mar 20 1,000 ₹1,008.58 ₹1,008,577
07. Mar 20 Buy Kamlesh Gandhi Individual 06. Mar 20 06. Mar 20 1,000 ₹1,010.14 ₹1,010,142
X
Management checks
We assess MAS Financial Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MAS Financial Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MASFIN News

Simply Wall St News

If You Like EPS Growth Then Check Out MAS Financial Services (NSE:MASFIN) Before It's Too Late

I note that MAS Financial Services's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … On top of the insider buying, we can also see that MAS Financial Services insiders own a large chunk of the company. … As a growth investor I do like to see insider buying.

Simply Wall St -

Should We Worry About MAS Financial Services Limited's (NSE:MASFIN) P/E Ratio?

We'll look at MAS Financial Services Limited's (NSE:MASFIN) P/E ratio and reflect on what it tells us about the company's share price. … See our latest analysis for MAS Financial Services How Do I Calculate MAS Financial Services's Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for MAS Financial Services: P/E of 20.65 = ₹580.05 ÷ ₹28.09 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

How Does MAS Financial Services Limited (NSE:MASFIN) Fare As A Dividend Stock?

Is MAS Financial Services Limited (NSE:MASFIN) a good dividend stock? How would you know? Dividend paying companies with growing earnings can be highly rewarding in the long term. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. With only a two-year payment history, and a 0.9% yield, investors probably think MAS Financial Services is not much of a dividend stock. While it may not look like much, if earnings are growing it could become quite interesting. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see MAS Financial Services has grown its earnings per share at 31% per annum over the past five years. … MAS Financial Services has a number of positive attributes, but falls short of our ideal dividend company.

Simply Wall St -

Some MAS Financial Services (NSE:MASFIN) Shareholders Are Down 11%

Unfortunately the MAS Financial Services Limited (NSE:MASFIN) share price slid 11% over twelve months. … Even though the MAS Financial Services share price is down over the year, its EPS actually improved. … This free report showing analyst forecasts should help you form a view on MAS Financial Services A Different Perspective MAS Financial Services shareholders are down 10% for the year (even including dividends), even worse than the market loss of 4.5%.

Simply Wall St -

Who Has Been Buying MAS Financial Services Limited (NSE:MASFIN) Shares?

So we'll take a look at whether insiders have been buying or selling shares in MAS Financial Services Limited (NSE:MASFIN). … The Last 12 Months Of Insider Transactions At MAS Financial Services. … In the last twelve months there was more buying than selling by MAS Financial Services insiders

Simply Wall St -

Should You Take Comfort From Insider Transactions At MAS Financial Services Limited (NSE:MASFIN)?

So shareholders might well want to know whether insiders have been buying or selling shares in MAS Financial Services Limited (NSE:MASFIN). … The Last 12 Months Of Insider Transactions At MAS Financial Services. … In the last twelve months there was more buying than selling by MAS Financial Services insiders.

Simply Wall St -

Is MAS Financial Services Limited (NSE:MASFIN) A Smart Pick For Income Investors?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's dig deeper into whether MAS Financial Services should have a place in your portfolio. … View our latest analysis for MAS Financial Services

Simply Wall St -

Does MAS Financial Services Limited's (NSE:MASFIN) PE Ratio Warrant A Sell?

and want to better understand how you can grow your money by investing in MAS Financial Services Limited (NSE:MASFIN). … MAS Financial Services Limited (NSE:MASFIN) trades with a trailing P/E of 26.8x, which is higher than the industry average of 24.6x. … While MASFIN might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

MASFIN Company Info

Description

MAS Financial Services Limited offers retail financing services in India. The company provides micro enterprise, two wheeler, small and medium enterprise, commercial vehicle, used car, tractor, and housing loans; and loans to micro finance institutions and non-banking financial companies. It has approximately 3,300 centers in cities of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, and Karnataka. The company serves low and middle income individuals, as well as micro, small, and medium enterprises. MAS Financial Services Limited was founded in 1995 and is headquartered in Ahmedabad, India.

Details
Name: MAS Financial Services Limited
MASFIN
Exchange: NSEI
Founded: 1995
₹31,777,778,698
54,662,043
Website: http://www.mas.co.in
Address: MAS Financial Services Limited
6, Narayan Chambers,
Ground Floor,
Ahmedabad,
Gujarat, 380009,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540749 Equity Shares Mumbai Stock Exchange IN INR 18. Oct 2017
NSEI MASFIN Equity Shares National Stock Exchange of India IN INR 18. Oct 2017
Number of employees
Current staff
Staff numbers
0
MAS Financial Services employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 14:37
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.