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MAS Financial Services: Small NBFC with big potential - IndiaNotes.com
MAS Financial Services: Small NBFC with big potential
Prabhudas Lilladher | Published: 27 Dec, 2017  | Source : IndiaNotes.com

We met the management of MAS Financial Services (MASFIN) mainly lending to MSE, SME and individuals with total AUM of Rs 36.6bn as of H2FY18. 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. We believe, company will continue to create strong niche for itself within the mid/ lower end segment delivering high NIMs of 7-8% with strong asset quality, but at valuations of 6.2x H2FY18 BV & 4.3x BV (post IPO) looks priced-in.


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About Prabhudas Lilladher

Prabhudas Lilladher has a nationwide distribution network, consisting of branches, franchisees and associates, providing a comprehensive gamut of financial services in the Institutional and Retail domain. Their services includes Equity, derivatives; margin funding, mutual funds, PMS, IPOs and online trading.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 
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