MAS Financial Services Limited — Investor Meet, 21-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

MAS Financial Services targets INR1 Lakh Cr AUM by 2036, emphasizing prudent risk management and consistent growth over three decades. The company's consolidated AUM stands at INR14,600 Cr with robust asset quality (GNPA 2.56%, NNPA 1.72% as of Dec 2025). It aims for 20-25% AUM growth, targeting 15-17% ROE and 2.75-3% ROA.

Growth is driven by diversified products, including Micro-Enterprise, SME, Two-Wheeler, Commercial Vehicle, and Salaried Personal Loans. Its housing subsidiary (MRHMFL) is also expanding, with a potential IPO in five years. MAS leverages in-house developed "phygital" technology for efficient credit underwriting and risk assessment, significantly reducing turnaround times. Capital growth (66%) is primarily through internal accruals, supplemented by strategic raises like the INR500 Cr QIP in June 2024. Management is confident in its disciplined approach and diversified distribution across 283 branches and over 200 NBFC partners, anticipating 2-3 further capital raises in the coming decade.