MAS Financial Services balance sheet

As of Sep 2026

Loans: ₹12,912cr+31.0% on Sep 2025
Total debt: ₹11,783cr+18.9% on Sep 2025
Total assets: ₹15,569cr+18.5% on Sep 2025
Shareholders' equity: ₹3,287cr+15.2% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Non-financial assets
Financial assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	126	224	449	213	239
	864	780	693	666	565
	5.1	5.5	4.7	6.5	4.3
	12,912	11,118	9,174	7,719	6,246
	929	972	1,526	726	791
	428	383	166	78.9	61.6
	15,263	13,483	12,012	9,410	7,907
	1.2	1.2	1.5	2.5	2.5
	26.4	16.7	7.4	11.9	19.3
	63.3	64.6	21.3	21.2	14.7
	152	126	91.5	69.8	57.7
	7.2	6.8	2.5	1.0	1.0
	1.7	1.5	0.0	0.2	0.3
	54.0	47.3	62.5	31.2	11.1
	305	264	187	138	107
	15,569	13,747	12,199	9,547	8,014
Financial liabilities
	1.8	—	—	0.0	0.0
	2,719	1,898	1,464	627	627
	8,733	8,111	7,388	6,497	5,248
	331	306	304	302	253
	352	330	316	258	310
	12,252	10,683	9,521	7,707	6,454
Non-financial liabilities
	17.6	18.5	11.4	4.7	2.1
	3.5	2.7	9.2	10.1	9.5
	8.5	6.2	6.8	6.7	3.2
	29.7	27.4	27.4	21.5	14.7
	12,281	10,710	9,549	—	—
Equity
	181	181	181	164	54.7
	3,040	2,793	2,428	1,619	1,464
	3,222	2,974	2,609	—	—
	65.7	62.2	41.4	—	—
	3,287	3,036	2,650	1,819	1,545
	15,569	13,747	12,199	9,547	8,014
Trade payables — MSME split
	0.0	0.0	0.1	0.0	0.1
	113	38.4	40.2	21.1	14.6
	1.2	—	9.5	1.9	1.8

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MASFIN₹252.50

MAS Financial Services Limited

· Banking & Finance

₹ CrorePeersNORTHARC PAISALO AYE SGFIN INDOSTAR MUFIN ARMANFIN PFSMcap ₹4,582 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Financial Assets
+ Cash & Cash Equivalents	238.7	212.7	448.7	223.7	125.7
+ Other Bank Balances	565.3	665.8	692.8	780.4	864.0
+ Trade Receivables	4.3	6.5	4.7	5.5	5.1
+ Loans	6,246.2	7,719.4	9,174.1	11,117.9	12,911.6
+ Investments	791.0	726.2	1,526.0	972.3	928.9
+ Other Financial Assets	61.6	78.9	166.1	383.1	428.1
Financial Assets	7,907.2	9,409.5	12,012.3	13,482.8	15,263.4
Non-financial Assets
+ Current Tax Assets (net)	2.5	2.5	1.5	1.2	1.2
+ Deferred Tax Assets (net)	19.3	11.9	7.4	16.7	26.4
+ Property, Plant & Equipment	14.7	21.2	21.3	64.6	63.3
+ Capital Work-in-Progress	57.7	69.8	91.5	125.8	151.7
+ Other Intangibles	1.0	1.0	2.5	6.8	7.2
+ Intangibles under Development	0.3	0.2	0.0	1.5	1.7
+ Other Non-financial Assets	11.1	31.2	62.5	47.3	54.0
Non-financial Assets	106.6	137.8	186.7	263.8	305.4
Total Assets	8,013.8	9,547.3	12,199.0	13,746.6	15,568.8
Financial Liabilities
+ Derivative Financial Instruments	0.0	0.0	—	—	1.8
+ Debt Securities	627.3	626.9	1,463.6	1,897.7	2,718.7
+ Borrowings (other than Debt Securities)	5,247.6	6,496.9	7,388.4	8,110.8	8,733.3
+ Subordinated Liabilities	252.7	302.1	303.7	305.7	331.4
+ Other Financial Liabilities	310.3	258.4	315.7	330.3	352.0
Financial Liabilities	6,454.4	7,707.3	9,521.2	10,682.8	12,251.8
Non-financial Liabilities
+ Current Tax Liabilities (net)	2.1	4.7	11.4	18.5	17.6
+ Provisions	9.5	10.1	9.2	2.7	3.5
+ Other Non-financial Liabilities	3.2	6.7	6.8	6.2	8.5
Non-financial Liabilities	14.7	21.5	27.4	27.4	29.7
Total Liabilities	—	—	9,548.5	10,710.2	12,281.5
Equity
+ Equity Share Capital	54.7	164.0	181.5	181.5	181.5
+ Other Equity	1,464.0	1,618.7	2,427.6	2,792.8	3,040.3
Equity — Owners of Parent	—	—	2,609.0	2,974.2	3,221.7
+ Minority Interest	—	—	41.4	62.2	65.7
Total Equity	1,544.7	1,818.6	2,650.5	3,036.4	3,287.4
Total Equity & Liabilities	8,013.8	9,547.3	12,199.0	13,746.6	15,568.8
Trade Payables — MSME split
+ Dues to Micro & Small Enterprises	0.1	0.0	0.1	0.0	0.0
+ Dues to Other Creditors	14.6	21.1	40.2	38.4	113.4
+ Dues to Other Creditors — Other Payables	1.8	1.9	9.5	—	1.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.