MAS Financial Services cash flow

Latest FY26

Cash from operations: −₹1,787cr−₹1,133 cr in FY25
Cash from investing: ₹467cr−₹828 cr in FY25
Cash from financing: ₹1,095cr−50.2% on FY25
Capital spending: ₹85.1cr+206.6% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	7.2	5.6	4.3	2.7
	—	180	128	90.6	53.4
	—	907	763	647	496
	—	−1,649	−1,359	−1,077	−843
	—	−0.2	0.0	0.0	0.0
	—	−1.8	−0.8	−2.5	−2.8
	—	−1.1	0.0	0.0	0.0
	—	−233	−149	−122	0.0
	—	−2.5	−1.2	−4.9	−1.5
	—	−0.9	1.9	−2.2	−3.3
	—	−2,024	−1,437	−1,386	−1,517
	—	−13.7	−29.9	−17.2	−5.6
	—	−71.6	−26.9	−101	−1.8
	—	−4.8	26.8	6.5	0.4
	—	21.7	69.6	−16.1	−173
	—	−0.6	0.1	2.1	−6.0
	—	2.4	−0.9	0.6	2.3
Cash from operating activities
	568	505	421	340	272
	—	−2,886	−2,010	−1,978	−1,999
	—	−2,381	−1,589	−1,639	−1,728
	—	1,620	1,335	1,052	786
	—	897	780	699	485
	—	130	99.9	80.2	61.5
	—	−1,787	−1,133	−1,366	−1,488
Cash from investing activities
	—	79.5	25.6	21.6	9.6
	—	5.6	2.2	0.5	1.0
	—	0.0	0.0	0.1	0.2
	—	6.6	1.8	0.2	0.3
	—	5,233	3,685	2,628	2,887
	—	5,792	2,886	2,701	2,593
	—	0.0	0.0	0.0	39.5
	—	0.0	0.0	0.0	22.6
	—	467	−828	50.1	−242
Cash from financing activities
	—	5.0	489	5.0	0.0
	—	4,784	4,332	3,632	2,987
	—	3,658	2,596	2,320	1,284
	—	1.2	0.8	0.5	0.3
	—	35.4	27.4	26.6	19.5
	—	1,095	2,198	1,290	1,684
	—	−225	236	−26.0	−46.0
	—	−225	236	−26.0	−46.0
	—	—	—	213	239
Reference items
	—	−1,872	−1,161	−1,388	−1,499
	—	−714	569	−89.8	—
	—	−₹103.16	−₹64.00	−₹76.50	−₹82.59
	—	−4.75×	−3.61×	−5.38×	−7.23×
	—	130	99.9	80.2	61.5
	—	897	780	699	485

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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 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	2.7	4.3	5.6	7.2	—
+ Impairment Loss / (Reversal)	53.4	90.6	128.4	179.8	—
+ Finance Costs	496.0	646.7	762.8	906.7	—
+ Interest Income	-843.3	-1,077.1	-1,359.3	-1,648.7	—
+ Dividend Income	0.0	0.0	0.0	-0.2	—
+ Fair Value (Gains) / Losses	-2.8	-2.5	-0.8	-1.8	—
+ Unrealised FX (Gain) / Loss	0.0	0.0	0.0	-1.1	—
+ Other Non-cash Items	0.0	-122.4	-148.9	-233.5	—
+ Other — Cash Effects are Investing / Financing	-1.5	-4.9	-1.2	-2.5	—
Changes in Working Capital
+ Trade Receivables — Current	-3.3	-2.2	1.9	-0.9	—
+ Other Financial Assets — Non-current	-1,517.0	-1,386.4	-1,437.1	-2,024.3	—
+ Other Current Assets	-5.6	-17.2	-29.9	-13.7	—
+ Other Bank Balances	-1.8	-100.5	-26.9	-71.6	—
+ Trade Payables — Current	0.4	6.5	26.8	-4.8	—
+ Other Financial Liabilities — Non-current	-173.0	-16.1	69.6	21.7	—
+ Other Current Liabilities	-6.0	2.1	0.1	-0.6	—
+ Provisions — Current	2.3	0.6	-0.9	2.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	271.7	339.7	421.0	505.0	568.1
+ Total Adjustments (incl. Working Capital)	-1,999.5	-1,978.5	-2,009.9	-2,885.6	—
Cash from Operations (pre-tax)	-1,727.8	-1,638.8	-1,588.9	-2,380.6	—
+ Interest Received — Operating	785.9	1,051.9	1,335.4	1,620.0	—
+ Interest Paid — Operating	484.6	698.9	780.1	896.6	—
+ Income Taxes Paid	61.5	80.2	99.9	129.6	—
Cash from Operating Activities	-1,488.0	-1,366.1	-1,133.5	-1,786.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	9.6	21.6	25.6	79.5	—
+ Acq of Intangible Assets	1.0	0.5	2.2	5.6	—
+ Disp of Fixed Assets	0.2	0.1	0.0	0.0	—
+ Acq of Intangibles under Development	0.3	0.2	1.8	6.6	—
+ Purchase of Investments (Equity / Debt)	2,886.7	2,628.3	3,684.6	5,232.9	—
+ Sale of Investments (Equity / Debt)	2,593.4	2,700.6	2,886.0	5,791.6	—
+ Interest Received — Investing	39.5	0.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Investing	22.6	0.0	0.0	0.0	—
Cash from Investing Activities	-242.0	50.1	-828.2	467.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	5.0	489.1	5.0	—
+ Proceeds from Borrowings	2,987.3	3,631.9	4,332.4	4,784.0	—
+ Repayment of Borrowings	1,283.6	2,319.8	2,595.6	3,657.6	—
+ Payment of Lease Liabilities	0.3	0.5	0.8	1.2	—
+ Dividends Paid	19.5	26.6	27.4	35.4	—
Cash from Financing Activities	1,684.0	1,290.0	2,197.7	1,094.8	—
Net Changes in Cash (pre-FX)	-46.0	-26.0	236.0	-225.0	—
Net Changes in Cash	-46.0	-26.0	236.0	-225.0	—
Closing Cash	238.7	212.7	—	—	—
Reference Items
Free Cash Flow (CFO − Capex)	-1,498.6	-1,388.1	-1,161.2	-1,871.9	—
Free Cash Flow to Equity	—	-89.8	568.6	-713.5	—
Free Cash Flow per Basic Share	-82.59	-76.50	-64.00	-103.16	—
Cash Flow to Net Income	-7.23	-5.38	-3.61	-4.75	—
Cash Paid for Taxes	61.5	80.2	99.9	129.6	—
Cash Paid for Interest	484.6	698.9	780.1	896.6	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. 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%.