MAS Financial Services Limited (MASFIN) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.351x

Based on the latest financial reports, MAS Financial Services Limited (MASFIN) has a cash flow conversion efficiency ratio of -0.351x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs-10.02 Billion ≈ $-108.40 Million USD) by net assets (Rs28.53 Billion ≈ $308.53 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See debt-free asset ratio of MAS Financial Services Limited to measure how much of total assets are equity-financed.

MAS Financial Services Limited - Cash Flow Conversion Efficiency Trend (2012–2026)

This chart illustrates how MAS Financial Services Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check MASFIN cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

MAS Financial Services Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of MAS Financial Services Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Lungyen Life Service TWO:5530	-0.005x
Performant Healthcare, Inc NASDAQ:PHLT	0.005x
Chengdu Xinzhu Road&Bridge Machinery Co Ltd SHE:002480	0.087x
CTO Realty Growth Inc NYSE:CTO	0.046x
Olvi Oyj A HE:OLVAS	0.099x
Guangzhou Haoyang Electronic Co Ltd SHE:300833	0.019x
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) NEO:VRNO	0.027x
Zhejiang Hongchang Electrical Technology Co. Ltd. SHE:301008	0.052x

Annual Cash Flow Conversion Efficiency for MAS Financial Services Limited (2012–2026)

The table below shows the annual cash flow conversion efficiency of MAS Financial Services Limited from 2012 to 2026. For the full company profile with market capitalisation and key ratios, see market value of MAS Financial Services Limited.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs30.36 Billion ≈ $328.38 Million	Rs-17.87 Billion ≈ $-193.23 Million	-0.588x	-37.60%
2025-03-31	Rs26.50 Billion ≈ $286.64 Million	Rs-11.33 Billion ≈ $-122.58 Million	-0.428x	+43.07%
2024-03-31	Rs18.19 Billion ≈ $196.67 Million	Rs-13.66 Billion ≈ $-147.73 Million	-0.751x	+22.02%
2023-03-31	Rs15.45 Billion ≈ $167.05 Million	Rs-14.88 Billion ≈ $-160.92 Million	-0.963x	-60.87%
2022-03-31	Rs13.40 Billion ≈ $144.91 Million	Rs-8.02 Billion ≈ $-86.77 Million	-0.599x	-24.33%
2021-03-31	Rs12.00 Billion ≈ $129.81 Million	Rs-5.78 Billion ≈ $-62.52 Million	-0.482x	-361.46%
2020-03-31	Rs10.66 Billion ≈ $115.27 Million	Rs1.96 Billion ≈ $21.23 Million	0.184x	+137.00%
2019-03-31	Rs9.40 Billion ≈ $101.66 Million	Rs-4.68 Billion ≈ $-50.61 Million	-0.498x	+2.47%
2018-03-31	Rs7.35 Billion ≈ $79.51 Million	Rs-3.75 Billion ≈ $-40.59 Million	-0.510x	+40.97%
2017-03-31	Rs1.90 Billion ≈ $20.54 Million	Rs-1.64 Billion ≈ $-17.77 Million	-0.865x	+24.79%
2016-03-31	Rs2.44 Billion ≈ $26.34 Million	Rs-2.80 Billion ≈ $-30.29 Million	-1.150x	+10.98%
2015-03-31	Rs2.07 Billion ≈ $22.35 Million	Rs-2.67 Billion ≈ $-28.86 Million	-1.292x	-24.42%
2014-03-31	Rs1.77 Billion ≈ $19.20 Million	Rs-1.84 Billion ≈ $-19.93 Million	-1.038x	-97.21%
2013-03-31	Rs1.52 Billion ≈ $16.47 Million	Rs-801.65 Million ≈ $-8.67 Million	-0.526x	-281.24%
2012-03-31	Rs1.29 Billion ≈ $14.00 Million	Rs-178.71 Million ≈ $-1.93 Million	-0.138x	--

About MAS Financial Services Limited

NSE:MASFIN India Credit Services

Market Cap

$623.34 Million

Rs57.64 Billion INR

Market Cap Rank

#10995 Global

#557 in India

Share Price

Rs317.65

Change (1 day)

-0.67%

52-Week Range

Rs279.65 - Rs347.40

All Time High

Rs397.45