The shares of MAS Financial Services Ltd encountered a 2.82% plunge, reaching Rs 1,016 per share today, amid an intraday high of Rs 1,058.85 and an intraday low of Rs 940.20. The stock, having a 52-week high of Rs 1,066 and a 52-week low of Rs 680, witnessed heightened volume, surging more than 1.01 times on BSE.
Company Key Metrics
| PE Ratio | 24.6 |
| ROCE | 11.4 % |
| ROE | 14.2 % |
| Market Capital | ₹ 5,551 Cr. |
| Dividend Yeild | 0.36 % |
Bonus Share Approval
The Board of Directors of MAS Financial Services Ltd has approved bonus shares in the ratio of 2:1. This entails the issuance of 2 new fully paid-up bonus equity shares of Rs 10 each for every existing fully paid-up equity share of Rs 10 each held by the members. The Record Date for this bonus share issuance is fixed as February 22, 2024.
Milestone Achievement and Dividend Declaration
As MAS Financial Services Ltd achieves the significant milestone of Rs 10,000 crore Assets under Management (AUM), the company rewards shareholders with bonus shares. Additionally, a dividend of Rs 3 per share, having a face value of Rs 10 each, has been declared, with the ex-date for the dividend being today, January 23, 2023.
Company Overview
MAS Financial Services Limited, a non-deposit-taking NBFC registered with the RBI, specializes in offering retail financing products for MSMEs, home loans, two-wheeler loans, used car loans, and commercial vehicle loans. With a market cap exceeding Rs 5,500 crore, the company reported positive numbers in its Quarterly Results (Q3FY24) and annual results (FY23).
Shareholding Pattern
According to the shareholding pattern, the promoters hold a significant 73.72% stake, while FIIs own 1.63%, DIIs own 8.43%, and the remaining 16.21% is owned by the public. The stock has seen a remarkable 50% increase from its 52-week low of Rs 680 per share.
Investor Consideration
Investors are advised to closely monitor the developments surrounding this Small-Cap NBFC stock, especially in light of the announced bonus shares and dividend declaration, as it experiences fluctuations in the market.
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