MAS Financial Services Limited Net Assets
MAS Financial Services Limited net assets. Based on the latest financial reports, MAS Financial Services Limited (MASFIN) has net assets worth Rs30.36 Billion INR (≈ $328.38 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs137.47 Billion ≈ $1.49 Billion USD) and total liabilities (Rs107.10 Billion ≈ $1.16 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore MAS Financial Services Limited (MASFIN) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs30.36 Billion |
| % of Total Assets | 22.09% |
| Annual Growth Rate | 25.28% |
| 5-Year Change | 126.6% |
| 10-Year Change | 1498.53% |
| Growth Volatility | 71.13 |
Net Assets of MAS Financial Services Limited (2012–2026)
Net assets of MAS Financial Services Limited from 2012 to 2026. This chart illustrates how MAS Financial Services Limited's net assets have evolved over time, based on quarterly financial data. See how leveraged is MAS Financial Services Limited's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for MAS Financial Services Limited (2012–2026)
The table below shows the annual net assets of MAS Financial Services Limited from 2012 to 2026. For live market cap and overall valuation, see MAS Financial Services Limited (MASFIN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs30.36 Billion ≈ $328.38 Million |
+14.56% |
| 2025-03-31 | Rs26.50 Billion ≈ $286.64 Million |
+45.74% |
| 2024-03-31 | Rs18.19 Billion ≈ $196.67 Million |
+17.73% |
| 2023-03-31 | Rs15.45 Billion ≈ $167.05 Million |
+15.28% |
| 2022-03-31 | Rs13.40 Billion ≈ $144.91 Million |
+11.63% |
| 2021-03-31 | Rs12.00 Billion ≈ $129.81 Million |
+12.62% |
| 2020-03-31 | Rs10.66 Billion ≈ $115.27 Million |
+13.38% |
| 2019-03-31 | Rs9.40 Billion ≈ $101.66 Million |
+27.87% |
| 2018-03-31 | Rs7.35 Billion ≈ $79.51 Million |
+287.04% |
| 2017-03-31 | Rs1.90 Billion ≈ $20.54 Million |
-22.01% |
| 2016-03-31 | Rs2.44 Billion ≈ $26.34 Million |
+17.87% |
| 2015-03-31 | Rs2.07 Billion ≈ $22.35 Million |
+16.41% |
| 2014-03-31 | Rs1.77 Billion ≈ $19.20 Million |
+16.56% |
| 2013-03-31 | Rs1.52 Billion ≈ $16.47 Million |
+17.66% |
| 2012-03-31 | Rs1.29 Billion ≈ $14.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MAS Financial Services Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
MAS Financial Services Limited Net Assets Breakdown (March 2026)
MAS Financial Services Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs1.81 Billion | 6.10% |
| Other Components | Rs27.93 Billion | 93.90% |
| Total Equity | Rs29.74 Billion | 100.00% |
MAS Financial Services Limited Competitors by Market Cap
The table below lists competitors of MAS Financial Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ROX Resources Ltd
AU:RXL
|
$491.14 Million |
|
Masoval AS
OL:MAS
|
$491.16 Million |
|
Ponce Financial Group Inc
NASDAQ:PDLB
|
$491.26 Million |
|
Weyco Group Inc
NASDAQ:WEYS
|
$491.49 Million |
|
Oil States International Inc
NYSE:OIS
|
$491.03 Million |
|
China National Complete Plant Import & Export Corp Ltd
SHE:000151
|
$490.89 Million |
|
Sella Real Estate
TA:SLARL
|
$490.76 Million |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
$490.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAS Financial Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 26,090,300,000 to 29,742,100,000, a change of 3,651,800,000 (14.0%).
- Net income of 3,712,100,000 contributed positively to equity growth.
- Dividend payments of 354,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 5,693,400,000.
- Other factors increased equity by 5,987,300,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs3.71 Billion | +12.48% |
| Dividends Paid | Rs354.20 Million | -1.19% |
| Other Comprehensive Income | Rs-5.69 Billion | -19.14% |
| Other Changes | Rs5.99 Billion | +20.13% |
| Total Change | Rs- | 14.00% |
Book Value vs Market Value Analysis
This analysis compares MAS Financial Services Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 32.29x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | Rs7.75 | Rs250.23 | x |
| 2013-03-31 | Rs9.04 | Rs250.23 | x |
| 2014-03-31 | Rs10.42 | Rs250.23 | x |
| 2015-03-31 | Rs12.04 | Rs250.23 | x |
| 2016-03-31 | Rs14.26 | Rs250.23 | x |
| 2017-03-31 | Rs39.69 | Rs250.23 | x |
| 2018-03-31 | Rs146.89 | Rs250.23 | x |
| 2019-03-31 | Rs169.06 | Rs250.23 | x |
| 2020-03-31 | Rs63.78 | Rs250.23 | x |
| 2021-03-31 | Rs71.95 | Rs250.23 | x |
| 2022-03-31 | Rs80.34 | Rs250.23 | x |
| 2023-03-31 | Rs92.61 | Rs250.23 | x |
| 2024-03-31 | Rs108.71 | Rs250.23 | x |
| 2025-03-31 | Rs146.94 | Rs250.23 | x |
| 2026-03-31 | Rs163.93 | Rs250.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAS Financial Services Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.09%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 4.62x
- Recent ROE (12.48%) is below the historical average (17.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.84% | 17.54% | 0.19x | 4.75x | Rs74.22 Million |
| 2013 | 18.42% | 19.20% | 0.18x | 5.41x | Rs124.81 Million |
| 2014 | 19.08% | 17.70% | 0.16x | 6.63x | Rs155.16 Million |
| 2015 | 20.25% | 16.84% | 0.15x | 7.96x | Rs202.43 Million |
| 2016 | 21.74% | 16.75% | 0.16x | 8.32x | Rs274.43 Million |
| 2017 | 38.45% | 18.84% | 0.17x | 12.35x | Rs507.11 Million |
| 2018 | 14.42% | 27.16% | 0.13x | 3.96x | Rs319.93 Million |
| 2019 | 16.61% | 31.37% | 0.12x | 4.32x | Rs611.23 Million |
| 2020 | 16.00% | 29.03% | 0.12x | 4.59x | Rs627.96 Million |
| 2021 | 12.24% | 29.40% | 0.09x | 4.60x | Rs263.72 Million |
| 2022 | 12.09% | 28.11% | 0.09x | 4.80x | Rs274.78 Million |
| 2023 | 13.38% | 26.23% | 0.10x | 5.28x | Rs513.95 Million |
| 2024 | 14.08% | 24.90% | 0.11x | 5.36x | Rs727.79 Million |
| 2025 | 11.90% | 24.44% | 0.10x | 4.68x | Rs494.77 Million |
| 2026 | 12.48% | 21.09% | 0.13x | 4.62x | Rs737.89 Million |
Industry Comparison
This section compares MAS Financial Services Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $7,904,449,805
- Average return on equity (ROE) among peers: 10.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MAS Financial Services Limited (MASFIN) | Rs30.36 Billion | 15.84% | 3.53x | $491.04 Million |
| Akme Fintrade India Ltd (AFIL) | $2.05 Billion | 7.72% | 0.91x | $32.26 Million |
| Arman Financial Services Limited (ARMANFIN) | $569.02 Million | 12.82% | 7.15x | $169.65 Million |
| Baid Finserv Limited (BAIDFIN) | $1.55 Billion | 6.70% | 1.20x | $16.16 Million |
| Bajaj Finance Limited (BAJFINANCE) | $13.58 Billion | 18.18% | 5.27x | $65.26 Billion |
| Capri Global Capital Limited (CGCL) | $11.61 Billion | 5.01% | 0.69x | $2.50 Billion |
| Cholamandalam Investment and Finance Company Limited (CHOLAFIN) | $36.73 Billion | 15.65% | 6.59x | $15.06 Billion |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $8.02 Billion | 8.68% | 3.62x | $2.84 Billion |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $4.60 Billion | 18.10% | 5.11x | $1.83 Billion |
| CSL Finance Limited (CSLFINANCE) | $853.10 Million | 9.36% | 0.06x | $53.52 Million |
| DCM Financial Services Limited (DCMFINSERV) | $-514.32 Million | 0.00% | 0.00x | $1.09 Million |
About MAS Financial Services Limited
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, hous… Read more