Buy Mas Financial Services, target price Rs 1195: Axis Securities

Axis Securities has buy call on Mas Financial Services with a target price of Rs 1195. The current market price of Mas Financial Services Ltd. is Rs 990.

Mas Financial Services Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 5442.15 Crore) operating in NBFC sector.

Mas Financial Services Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 342.17 Crore, up 9.36 % from last quarter Total Income of Rs 312.89 Crore and up 30.02 % from last year same quarter Total Income of Rs 263.16 Crore. Company reported net profit after tax of Rs 64.41 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 73.73 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.63 per cent, DIIs 8.43 per cent.