MAS Financial Services Limited (MASFIN) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of MAS Financial Services Limited ₹266, price ₹273, upside -2.5%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹151.97 – ₹347.40 · fair‑value band ₹139.11 – ₹332.44 · the ₹272.85 price screens above the ₹265.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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MAS Financial Services Limited, a non-banking finance company, provides retail financing services in India. The company offers micro-enterprises, small and medium businesses, two-wheeler, commercial vehicle, used vehicle loans, and salaried personal loans, tractor, and housing loans.
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MAS Financial Services Limited, a non-banking finance company, provides retail financing services in India. The company offers micro-enterprises, small and medium businesses, two-wheeler, commercial vehicle, used vehicle loans, and salaried personal loans, tractor, and housing loans. It serves through a distribution network of partner microfinance institutions, non-banking finance companies, housing finance companies, and franchisees. MAS Financial Services Limited was incorporated in 1995 and is based in Ahmedabad, India.
Stock analysis
MAS Financial Services Limited (MASFIN) currently trades at ₹272.85, while our model-based Fair Value estimate is ₹265.95, so the stock looks roughly fairly valued today (gap 2.6%).
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹493.03 per share, and 2 of the 8 models we run sit above the ₹272.85 price.
Bear case: the Asset-Based group reads lowest at ₹109.82, and 6 of the 8 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹139.11 (bear) to ₹332.44 (bull), the price of ₹272.85 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 36/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MAS Financial Services Limited reported revenue of ₹17.6B in FY2026 versus ₹5.7B in FY2022, a compound +32.8%/yr. Reported net income was ₹3.7B in FY2026, compounding +23.6%/yr from FY2022.
Key figures
Market cap ₹49.5B (≈ $514M) · P/E ratio 12.6 · P/S ratio 2.65 · EPS (TTM) ₹21.74 · Dividend yield 0.7% · Net margin 21.1% · Return on equity 13.2% · Return on assets (EBIT) 2.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at −3%, MASFIN screens richer than that median.
Fair Value models
Bear ₹139.11Fair Value ₹265.95Bull ₹332.44
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹10.03 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+38.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.1%
Start year 2021 (pandemic). Over 10 years: +19.2% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.1%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.1% vs 20.8%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.28% → 25%
Compare MAS Financial Services Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 331 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−2.5% · Below median
Profitability
Return on equity (TTM)13.2% · Above median
Return on assets2.9% · Above median
Net margin (TTM)40.5% · Top 25%
Operating margin (TTM)56.0% · Above median
Growth and dividend
Revenue growth27.6% · Above median
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity3.47× · Highest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
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Is MAS Financial Services Limited (MASFIN) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹265.95 versus a price of ₹272.85, about −3% upside (fairly valued).
What is the fair value of MASFIN?
Our model-based fair value for MAS Financial Services Limited is ₹265.95 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹272.85.
What is the quality score of MASFIN?
MAS Financial Services Limited has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for MAS Financial Services Limited (MASFIN)?
Our model-based price target is the fair value of ₹265.95 (as of Oct 1, 2026) from 9 valuation models. Cautious scenario ₹139.11, optimistic scenario ₹332.44. It is a calculation from audited fundamentals, not an analyst target.
What is the MAS Financial Services Limited stock forecast for 2026?
Our models put fair value at ₹265.95, about −3% upside versus a price of ₹272.85 (fairly valued). Cautious scenario ₹139.11, optimistic scenario ₹332.44. The calculation is refreshed regularly with new filings.
What is the revenue of MAS Financial Services Limited (MASFIN)?
MAS Financial Services Limited reported trailing-twelve-month revenue of about ₹9.7B (latest available figure, as of Oct 1, 2026).
Does MAS Financial Services Limited pay a dividend?
MAS Financial Services Limited currently shows a dividend yield of about 0.71% relative to its recent price (as of Oct 1, 2026).
What is the intrinsic value of MAS Financial Services Limited (MASFIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MAS Financial Services Limited it is ₹265.95 per share (as of Oct 1, 2026), against a price of ₹272.85. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is MAS Financial Services Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, MASFIN trades above its calculated fair value: price ₹272.85, fair value ₹265.95, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MASFIN?
No. The price is what the market pays today (₹272.85); the fair value is what the company's own numbers justify (₹265.95). For MAS Financial Services Limited the two are ₹6.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is MAS Financial Services Limited worth?
The market values MAS Financial Services Limited at about ₹49.5B (market capitalisation, as of Oct 1, 2026). Per share that is ₹272.85; our models calculate a fair value of ₹265.95 per share.
What do the bullish and bearish scenarios say about MASFIN?
Our models span a range for MAS Financial Services Limited: cautious scenario ₹139.11, base ₹265.95, optimistic ₹332.44 per share (as of Oct 1, 2026, price ₹272.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MASFIN?
MAS Financial Services Limited trades at a price-to-earnings ratio of 12.6 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹265.95 is built from several models across several years. Other multiples: P/B 1.7, P/S 5.1, EV/EBITDA 33.1.
How solid is the balance sheet of MAS Financial Services Limited (MASFIN)?
Balance-sheet figures for MAS Financial Services Limited (as of Oct 1, 2026): return on equity 13.2%, debt of 3.47 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is MASFIN from its 52-week high?
MAS Financial Services Limited trades at ₹272.85, about 21% below its 52-week high of ₹347.40 and at the low of ₹272.85 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹265.95 is for.
Which stocks are comparable to MAS Financial Services Limited?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is MAS Financial Services Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹272.85, calculated fair value ₹265.95 (−3%), Quality Score 36/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MASFIN calculated?
We run MAS Financial Services Limited through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹265.95, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. MAS Financial Services Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of MAS Financial Services Limited (MASFIN)?
The closing price on Oct 1, 2026 was ₹272.85. Our model-based fair value is ₹265.95, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MAS Financial Services Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹139.11 to ₹332.44) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of MAS Financial Services Limited (MASFIN) come from?
Earnings per share at MAS Financial Services Limited grew +17.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +13.7 %, EBIT margin −5.4 %, tax rate +1.4 %, residual (interest, one-offs) +7.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of MAS Financial Services Limited
How large is the market capitalisation of MAS Financial Services Limited (MASFIN)?
The market capitalisation of MAS Financial Services Limited is ₹49.5B (≈ $514M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of MAS Financial Services Limited (MASFIN)?
The price-to-sales ratio of MAS Financial Services Limited is 2.65 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MAS Financial Services Limited (MASFIN)?
Earnings per share at MAS Financial Services Limited are ₹21.74 (price ÷ EPS = P/E 12.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MAS Financial Services Limited (MASFIN)?
The dividend yield of MAS Financial Services Limited is 0.7% (payout 9.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of MAS Financial Services Limited (MASFIN)?
The net margin of MAS Financial Services Limited is 21.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of MAS Financial Services Limited (MASFIN)?
The return on equity (ROE) of MAS Financial Services Limited is 13.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of MAS Financial Services Limited (MASFIN)?
On an EBIT basis the return on assets of MAS Financial Services Limited is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of MAS Financial Services Limited (MASFIN)?
The operating margin of MAS Financial Services Limited is 56.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MAS Financial Services Limited (MASFIN)?
Revenue at MAS Financial Services Limited is growing +27.6% versus a year earlier (3y avg +31.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at MAS Financial Services Limited (MASFIN)?
Earnings per share at MAS Financial Services Limited are growing +24.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MAS Financial Services Limited (MASFIN) generate?
The free cash flow of MAS Financial Services Limited is −₹18.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does MAS Financial Services Limited (MASFIN) carry?
The net debt of MAS Financial Services Limited is ₹101B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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