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NEWS & UPDATES

Your definitive source of
all latest news and activities
at MAS

June 25, 2021

MAS Financial raises ₹100 crore via market-linked NCDs


Ahmedabad-based NBFC MAS Financial Services informed that the company has raised ₹100 crore via market-linked non-convertible debentures..
June 24, 2021

Board of MAS Financial Services allots NCDs aggregating Rs 100 cr


The Board of MAS Financial Services at its meeting held on 23 June 2021 has approved and allotted 10,000 Rated, Senior, Secured, Listed, Transferable, Redeemable, Principal Protected Market-linked Non-Convertible Debentures of face value of Rs 10 lakh each aggregating Rs 100 crore...
June 11, 2021

Exclusive Interview –MAS Financial CMD in conversation with IIFL Securities on company's performance and future growth plans


In an exclusive interaction with Shweta Papriwal, Editor, IIFL Securities, Mr. Kamlesh Gandhi, Founder and Chairman, MAS Financial Services discussed about the company's Q4 results and growth plans...
May 21, 2021

Exclusive Interview – MAS Financial CMD in conversation with Nirmal Bang Group on Q4 FY21 Results


Exclusive Interview – MAS Financial CMD in conversation with Nirmal Bang Group on Q4 FY21 Results..
May 21, 2021

MAS Financial – Time to add a good business in a soft patch?


With the lacklustre performance of the stock, the valuation has corrected to a level that prevailed at the time of its IPO in 2017. ..
May 21, 2021

Ideas For Profit MAS Financial: Valuation down to IPO level, time to add?


FY21 was a difficult year for Mas Financial. Amid the challenging macros, the risk-averse lender went shy on expanding its books, leading to a decline in AUM. But despite setbacks, balance sheet quality has improved, the company has manageable NPAs, excess provision, adequate capital and liquidity...
May 20, 2021

MAS Financial Services Limited results - 4th quarter FY 21


A Robust Financial Performance - 104 Quarters of Consistent Financial Performance AHMEDABAD, India, May 20, 2021 /PRNewswire/ -- The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749) (NSE: MASFIN), specialized in MSME financing, announced today the audited financial results for the year and quarter ended 31st March, 2021...
May 20, 2021

MAS Financial S Consolidated March 2021 Net Sales at Rs 147.07 crore, down 19.37% Y-o-Y


Net Sales at Rs 147.07 crore in March 2021 down 19.37% from Rs. 182.41 crore in March 2020.Quarterly Net Profit at Rs. 36.33 crore in March 2021 up 1.84% from Rs. 35.67 crore in March 2020...
May 20, 2021

MAS Financial Services consolidated net profit rises 7.17% in the March 2021 quarter


Sales decline 17.44% to Rs 147.07 crore Net profit of MAS Financial Services rose 7.17% to Rs 36.33 crore in the quarter ended March 2021 as against Rs 33.90 crore during the previous quarter ended March 2020...
Mar 31, 2021

MASFinancial Services raises INR 65 crore through market-linked NCDs (MLD)


The Finance Committee of the Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE:540749) (NSE: MASFIN), specialized in MSME financing..
Mar 31, 2021

MASFinancial Services raises INR 65 crore through market-linked NCDs (MLD)


With valuation at a discount to its listing valuation, this weak phase of Mas Financial is an opportunity for long-term investors..
Mar 31, 2021

MASFinancial Services raises Rs 65 cr via market linked NCDs


The Finance Committee of the Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE:540749) (NSE: MASFIN), specialized in MSME financing..
Feb 22, 2021

MAS Financial – a bad time providing good opportunity for long-term investors


With valuation at a discount to its listing valuation, this weak phase of Mas Financial is an opportunity for long-term investors
Feb 11, 2021

MASFinancial S Standalone December 2020 Net Sales at Rs 141.47 crore, down 22.87% Y-o-Y


Reported Standalone quarterly numbers for MAS Financial Services are: Net Sales at Rs 141.47 crore in December 2020 down 22.87% from Rs. 183.40 crore in December 2019.s
Feb 11, 2021

Focused on profitability and quality; cautious about disbursements, says MAS Financial CMD


Disbursements in Q3 were close to Rs 1,000 crore as compared to Rs 800 crore in Q2, Kamlesh Gandhi, Chairman and Managing Director of MAS Financial Services told CNBC-TV18 on Thursday (February 11).
Feb 11, 2021

MAS Financial Services Limited Results - 3rd Quarter FY 21 - A Robust Financial Performance


AHMEDABAD, India, Feb. 11, 2021 /PRNewswire/ -- The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749) (NSE: MASFIN), specialized in MSME financing, announced today the unaudited financial results for the Quarter ended 31 December, 2020.
Jan 28, 2021

NBFC loan sanctions in Gujarat declined by 30% in Q2


AHMEDABAD: Slowing recoveries since the pandemic left Non-Banking Finance Companies (NBFCs) grappling with liquidity issues and consequently, the loan sanctions by these companies took a hit in Gujarat in Q2 of 2020-21.
Nov 17, 2020

MAS Financial – A long-term compounding idea for every portfolio


Mas Financial, in our opinion, is a must-own stock that will generate steady returns in the long term
Nov 12, 2020

MAS Financial Services Limited results - 2nd quarter FY 21


The consistent financial performance during all the past turbulent period is the testimony of the strong fundamentals of the company; which is being followed over two decades.
Aug 14, 2020

MAS Financial S Standalone June 2020 Net Sales at Rs 158.71 crore, down 0.25% Y-o-Y


MAS Financial S shares closed at 662.00 on August 13, 2020 (NSE) and has given -46.19% returns over the last 6 months and 7.25% over the last 12 months.
Aug 13, 2020

MAS Financial Services Limited results - 1st quarter FY 21


MAS Financial Services Limited reports Assets under Management (AUM) of INR 5657.73 Crore and profit after tax of INR 35.64 Crore for the quarter ended 30 June 2020 from INR 5578.21 Crore and INR 40.73 Crore respectively for quarter ended 30 June 2019
Jun 29, 2020

DOUBLE DIGIT GROWTH FEASIBLE BUT WON'T LEND LEFT, RIGHT & CENTRE: MAS Financial


The company’s AUM was at Rs 5,966 crore at March end, registering a growth of 11.76 per cent over the previous year. Mas made Covid-19 related provision of Rs 20 crore, 0.61 per cent on book assets of Rs 3326 crore.
Jun 16, 2020

Board of MAS Financial Services approves NCD issuance up to Rs 500 cr


The Board of MAS Financial Services at its meeting held on 16 June 2020 has approved fund raising by way of issue of Secured, Rated, Listed, Redeemable, Non-Convertible, taxable debentures up to an aggregate amount of Rs 500 crore on private placement basis.
Apr 09, 2020

NBFCs Should Get Loan Moratorium For Passing On Benefit: MAS Financial’s Kamlesh Gandhi


Non-banking financial companies should also be covered under the three-month moratorium allowed by the banking regulator to effectively pass on this relief to borrowers, according to head of MAS Financial Services Ltd.
Feb 06, 2020

MAS FINANCIAL SERVICES LIMITED RESULTS - 3RD QUARTER FY 20 - A ROBUST FINANCIAL PERFORMANCE


AHMEDABAD, India, Feb. 6, 2020 /PRNewswire/ -- The Board of Directors of MAS Financial Services Limited in their meeting held today took on record the unaudited Financial Results of the company for the Quarter ended 31 December 2019. The company is in its 25th year towards accomplishing its vision of 'Excellence through Endeavours'.
Nov 15, 2019

MAS Financial Services Targets 20-25% Growth In AUM In 2019-20


MAS Financial Services Ltd. aims to clock 20-25 percent growth in assets under management on the back of its better accessibility to funds and wide distribution network, according to its Chairman and Managing Director Kamlesh Gandhi.
Feb 22, 2019

AU Finance Bank & MAS Financial Services: Look at these high quality names in a weak market


Once a darling of the markets, with bumper listing gains in 2017, AU Small Finance Bank (AU) and MAS Financial Services (MAS) have had a rough ride in recent times. AU is down almost 22 percent from its 52-week high and 16 percent lower than the level at which Temasek had picked up equity in the company last June.
Jan 30, 2019

MASFinancial Services' founder Kamlesh Gandhi highlights Q3 numbers


MAS Financial Services have delivered their Q3 numbers and their founder and Managing Director Kamlesh Gandhi gives his perceptive of their performance in Q3.
Dec 29, 2017

MAS Fin asset quality to grow at 25 per cent for next few years.


Management remains highly focused to retain its best in class return ratios of +25% and asset quality but will continue to grow at 25% on steady state basis for next few years.
Dec 23, 2017

MAS At this point in time, the alternative lending space does not look like a disruption model


In the recent times, the lending landscape in the country has been witnessed a major shift. Many new age, online lenders are catering to the small and medium enterprises with improved credit assessment based on analytics culled from non-conventional sources.
Oct 18, 2017

MASFinancial Services Share Price Surges 48% In Blockbuster Listing


MAS Gujarat-based non-banking financial company (NBFC) MAS Financial Services made a blockbuster debut on exchanges on Wednesday.
Oct 18, 2017

Bumper Listing: MAS Financial Services debuts at Rs 660, surges 44% in opening


MAS Financial share price started off trade with a whopping premium of 44 percent on the National Stock Exchange Wednesday. The stock has opened at Rs 660 against its issue price of Rs 459.
Oct 10, 2017

MASFinancial IPO overall subscribed 128 times


The Rs 460-crore initial public offer (IPO) of MAS Financial was subscribed 128.22 times on the final day of the bidding process on Tuesday.
Oct 10, 2017

MAS Financial IPO subscribed 128 times on heavy institutional, HNI interest


MAS The Rs 460-crore initial public offering (IPO) of MAS Financial Services was subscribed 128 times on the final day.
Oct 10, 2017

MAS Financial IPO Subscribed Nearly 130 Times On Final Day Of Bidding


MAS Non-banking financial company MAS Financial Services Ltd.’s Rs 460-crore initial public offering was subscribed 128.43 times on the closing day of the issue on Tuesday.
Oct 10, 2017

MAS Financial IPO opens today: Valuations reasonable, say analysts


MAS Financial Services Limited, will open The initial public offering (IPO) for subscription on Friday. The Gujarat-based firm plans to raise Rs2,275 crore through the share sale with a price band of Rs456-459 per share.

Oct 09, 2017

MAS Financial IPO subscribed 4.81 times on Day 2


MAS Financial Services Limited, The initial share sale offer of MAS Financial Services was oversubscribed 4.81 times on the second day of subscription today.
Oct 6, 2017

MAS Financial IPO fully subscribed on first day


MASThe initial share sale of MAS Financial Services Ltd, a Gujarat-based non-banking finance company (NBFC) was fully subscribed, the first day of the IPO.

Oct 6, 2017,

MASFinancial Services’ IPO Fully Subscribed On Day 1 Of Bidding


MASNon-banking financial company MAS Financial Services Ltd.’s Rs 460 crore initial public offering was fully subscribed on the first day of bidding.
Sep 29, 2017

MASFinancial Services sets IPO price band at Rs 456-459


MASFinancial Services today said it has fixed a price band of Rs 456-459 per share for its initial share sale offering, through which it is estimated to raise Rs 460 crore.
Sep 29, 2017

MASFinancial Services IPO to open on 6 October


MASIPO price band fixed at Rs 456-459 per share
Sep 29, 2017

MASFinancial Services IPO opens on 6 October, price band at Rs456-459


MASA non-banking finance company (NBFC) MAS Financial Services Ltd on Thursday said it will launch its Rs460 crore initial public offering (IPO) on 6 October.
June 30, 2012

MAS FINANCIAL SERVICES LIMITED SUCESSFULLY RAISED ITS FOURTH ROUND OF CAPITAL


MAS Financial Services Limited, a leading retail non-banking financial company (NBFC) in Gujarat, has raised growth capital from DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH

About DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH
DEG, a subsidiary of KfW and one of Europe's largest development finance institutions, finances investments of private companies in developing and transition countries. DEG has been committed to private-sector investments in India since 1964. DEG’s India portfolio currently stands at over EUR 500 million spread across about 50 companies.

About Investment
DEG has Invested 50 Cr. by way of compulsorily convertible debentures at a premium of 15 Cr. The investment was made in two tranches in the month of July and September 2012 respectively.

Avendus Capital was the financial advisor to MAS Financial Services Ltd.
June 1, 2017

MASFinancial get SEBI nod for IPO


MAS Financial Services Limited,SREI Infrastructure Finance-promoted road developer Bharat Road Network Ltd (BRNL) and Ahmedabad-based non-banking financial company MAS Financial Services Ltd, which is backed by Sarva Capital, have received the Securities and Exchange Board of India (SEBI)’s nod for an initial public offering (IPO).
June 1, 2017

MAS MAS Financial, Bharat Road get Sebi nod for IPOs


MAS Financial Services Limited and Bharat Road Network have received capital markets regulator Sebi’s approval to float initial public offerings (IPOs).
March 27, 2017

MAS Financial files for Rs. 550-cr IPO


MAS Financial Services Limited, Ahmedabad-based NBFC MAS Financial Services Ltd has filed a Draft Red Herring Prospectus (DRHP) with SEBI for a Rs. 550-crore Initial Public Offering (IPO).
March 27, 2017

MAS Financial Services files papers for Rs 550 crore IPO with Sebi


MAS Financial Services Limited, filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking permission for its Initial Public Offering (IPO)

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