|
18 Nov 2025
|
Mas Financial
|
Motilal Oswal
|
323.05
|
380.00
|
317.30
(1.81%)
|
17.63 |
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.
|
|
07 Nov 2025
|
Mas Financial
|
Axis Direct
|
323.05
|
380.00
|
307.35
(5.11%)
|
17.63 |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
25 Jul 2025
|
Mas Financial
|
Axis Direct
|
323.05
|
400.00
|
320.70
(0.73%)
|
23.82 |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
24 Jul 2025
|
Mas Financial
|
Motilal Oswal
|
323.05
|
400.00
|
332.75
(-2.92%)
|
23.82 |
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).
|
|
05 May 2025
|
Mas Financial
|
Axis Direct
|
323.05
|
325.00
|
267.05
(20.97%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
03 May 2025
|
Mas Financial
|
Motilal Oswal
|
323.05
|
320.00
|
262.40
(23.11%)
|
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.
|
|
25 Oct 2024
|
Mas Financial
|
Axis Direct
|
323.05
|
355.00
|
282.25
(14.46%)
|
|
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
25 Sep 2024
|
Mas Financial
|
Axis Direct
|
323.05
|
360.00
|
297.45
(8.61%)
|
|
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.
|
|
25 May 2024
|
Mas Financial
|
Axis Direct
|
323.05
|
321.00
|
291.45
(10.84%)
|
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.
|
|
26 Apr 2024
|
Mas Financial
|
Motilal Oswal
|
323.05
|
390.00
|
304.85
(5.97%)
|
|
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.
|
|
26 Apr 2024
|
Mas Financial
|
Axis Direct
|
323.05
|
380.00
|
304.85
(5.97%)
|
|
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
29 Jan 2024
|
Mas Financial
|
Axis Direct
|
323.05
|
1195.00
|
989.65
(-67.36%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
27 Jan 2024
|
Mas Financial
|
Motilal Oswal
|
323.05
|
1160.00
|
984.15
(-67.17%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
03 Nov 2023
|
Mas Financial
|
Axis Direct
|
323.05
|
1075.00
|
914.90
(-64.69%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
04 Aug 2023
|
Mas Financial
|
Axis Direct
|
323.05
|
935.00
|
762.55
(-57.64%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
04 Aug 2023
|
Mas Financial
|
Motilal Oswal
|
323.05
|
900.00
|
762.55
(-57.64%)
|
Target met |
Buy
|
|
|
|
|
12 May 2023
|
Mas Financial
|
Axis Direct
|
323.05
|
955.00
|
735.85
(-56.10%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
12 May 2023
|
Mas Financial
|
Motilal Oswal
|
323.05
|
900.00
|
735.85
(-56.10%)
|
Target met |
Buy
|
|
|
|
|
13 Apr 2023
|
Mas Financial
|
Axis Direct
|
323.05
|
950.00
|
718.65
(-55.05%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock with a target price of Rs 950/share, implying an upside of 32% from CMP. We value the stock at 2.8x Sep'24E BV.
|
|
03 Feb 2023
|
Mas Financial
|
Axis Direct
|
323.05
|
1050.00
|
781.70
(-58.67%)
|
Target met |
Buy
|
|
|
We re-iterate a BUY recommendation on the stock
|