MAS Financial Services Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Harsh Piplani
- Category: Market
MAS Financial Services share price Rs 266.70 (9 October 2026). Base target Rs 303, bull Rs 367, downside risk Rs 210. PE 11.93. 52W range Rs 260.75 to Rs 358.85.
Quick Answer
The MAS Financial Services share price target for 2027 is Rs 303, about 13.6% above the current price of Rs 266.70. The bull case is Rs 367, and the downside risk level, which is not a target, is Rs 210. The base case assumes earnings per share grow 15.6% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 11.93. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a MAS Financial Services target price for 2027 should start with where the stock sits today. At Rs 266.70 on 9 October 2026, it is 25.7% below its 52-week high of Rs 358.85 and 2.3% above its 52-week low of Rs 260.75. That range spans 38% from low to high, so the entry point matters as much as the MAS Financial Services price forecast itself.
This article builds the MAS Financial Services share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 303 base case and the Rs 367 bull case were reached, along with a downside risk level of Rs 210.
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MAS Financial Services Stock Analysis: Company Overview and Key Stats
MAS Financial Services (NSE: MASFIN) has a market capitalisation of Rs 4,765 crore. In FY26 it reported revenue of Rs 2,002 crore and net profit of Rs 375.82 crore. The table collects the figures the MAS Financial Services share price target is built on.
| Metric | Value |
|---|---|
| Company | MAS Financial Services |
| NSE Ticker | MASFIN |
| CMP (9 October 2026) | Rs 266.70 |
| 52-Week High | Rs 358.85 |
| 52-Week Low | Rs 260.75 |
| Market Cap | Rs 4,765 crore |
| PE Ratio (TTM) | 11.93 |
| Industry PE | 17.72 |
| Price to Book | 1.60 |
| Return on Equity | 12.48% |
| Debt to Equity | 3.47 |
| EPS (TTM) | Rs 22.01 |
| Dividend Yield | 0.76% |
| 12-Month Base Target | Rs 303 |
| Bull Case | Rs 367 |
| Downside Risk Level (not a target) | Rs 210 |
Why Is MAS Financial Services Share Price Target Set at Rs 303 for 2027?
The base-case MAS Financial Services stock target of Rs 303 applies a PE multiple of 11.93 to a forward EPS estimate of Rs 25.44. That EPS assumes 15.6% yearly growth, the pace from FY24 to FY26, and puts the target 13.6% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the MAS Financial Services Target Price: Five Years of Results
MAS Financial Services grew revenue from Rs 691.17 crore in FY22 to Rs 2,002 crore in FY26, a compound annual growth rate of 30.5%. Net profit grew more slowly, from Rs 161.20 crore to Rs 375.82 crore (23.6% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 691.17 | 161.20 | 29.13 | 3.00 |
| FY23 | 990.26 | 205.82 | 37.18 | 3.65 |
| FY24 | 1,290.39 | 254.01 | 15.31 | 3.51 |
| FY25 | 1,600.15 | 313.98 | 17.48 | 1.70 |
| FY26 | 2,002.27 | 375.82 | 20.46 | 2.00 |
FY26 revenue growth was 25.1%, slower than the four-year average of 30.5%, and net profit moved up 19.7%. EPS rose from Rs 15.31 in FY24 to Rs 20.46 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
MAS Financial Services converted 18.8% of FY26 revenue into net profit, against 19.6% in FY25, within a five-year range of 18.8% to 23.3%. EBITDA margin was 70.9% in FY26 versus 74.3% in FY25.
In the June 2026 quarter, revenue was Rs 561.92 crore, up 20.4% from the same quarter a year earlier, while net profit of Rs 110.15 crore was up 27.2%. EBITDA came in at Rs 386.01 crore, up 15.3% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 3.47, and shareholders’ equity grew from Rs 1,373 crore in FY22 to Rs 3,036 crore in FY26. Operating cash flow in FY26 was negative at Rs 1,787 crore against capital expenditure of Rs 91.66 crore, leaving negative free cash flow of Rs 1,878 crore. In FY25 free cash flow was negative at Rs 1,153 crore.
Valuation Check for the MAS Financial Services Stock Target: PE, Price to Book and ROE
At a PE of 11.93 against an industry PE of 17.72, MAS Financial Services trades at a discount to its industry. Price to book is 1.60 on a book value of Rs 163.90 per share, and return on equity is 12.48%. A PE of 11.93 equals an earnings yield of 8.4%, and the FY26 dividend of Rs 2.00 per share gives a yield of 0.76%.
Shareholding Pattern and Institutional Holding
Promoters held 66.65% of MAS Financial Services in June 2026, and promoter holding has stayed near 66.65% since June 2025. Foreign institutional investors (FII) held 3.68% and domestic institutions (DII) held 19.69%, which puts total institutional holding at 23.37%. FII holding rose from 3.06% in June 2025 to 3.68% in June 2026. Public shareholders own the remaining 9.97%. A meaningful institutional holding adds a layer of research coverage and trading depth.
MAS Financial Services Share Price Targets for the Short Term and 12 Months
Short Term MAS Financial Services Stock Target Levels: Technical Setup
At Rs 266.70 on 9 October 2026, MAS Financial Services trades below its 50-day simple moving average of Rs 293.61 and below its 200-day exponential moving average of Rs 304.12. The 14-day RSI reads 29.0, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 293.61 (50-day simple moving average) and the nearest support is Rs 260.75 (52-week low). A sustained move above Rs 293.61 would improve the short-term setup, while a close below Rs 260.75 would shift attention to the next support.
12 Month MAS Financial Services Target Price for 2027
The 12-month target for MAS Financial Services is Rs 303: forward EPS of Rs 25.44 at a PE of 11.93. That is 13.6% above Rs 266.70. It would still leave the stock 15.6% below its 52-week high of Rs 358.85.
How EPS Growth and PE Multiple Change the MAS Financial Services Target Price
| EPS Growth | PE 9.54 | PE 11.93 | PE 13.72 |
|---|---|---|---|
| 0.0% (EPS Rs 22.01) | Rs 210 | Rs 263 | Rs 302 |
| 15.6% (EPS Rs 25.44) | Rs 243 | Rs 303 | Rs 349 |
| 21.6% (EPS Rs 26.76) | Rs 255 | Rs 319 | Rs 367 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the MAS Financial Services price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for MAS Financial Services Stock Target in 2027
Bull Case Rs 367
The bull case MAS Financial Services price target needs EPS growth of 21.6%, which lifts forward EPS to Rs 26.76, and a PE multiple that rises 15% to 13.72. That gives Rs 367, 37.6% above the current price and above the 52-week high of Rs 358.85, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 210
The downside risk level is not a target. It assumes EPS stays flat at Rs 22.01 and the PE falls 20% to 9.54. That gives Rs 210, 21.3% below the current price and below the 52-week low of Rs 260.75.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 21.6% | 13.72 | Rs 367 | +37.6% |
| Base Case | 15.6% | 11.93 | Rs 303 | +13.6% |
| Downside Risk | 0.0% | 9.54 | Rs 210 | -21.3% |
Key Risks to the MAS Financial Services Target Price for 2027
Growth Slowdown Risk for the MAS Financial Services Price Target
Revenue in the June 2026 quarter was up 20.4% year on year, and FY26 revenue growth was 25.1%. If growth slows from here, the EPS estimate behind the MAS Financial Services stock target will need revising.
Liquidity and Size Risk
MAS Financial Services has a market capitalisation of Rs 4,765 crore. Institutional holding is 23.37%, and promoters hold 66.65%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 18.8% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 11.93 versus an industry PE of 17.72, a de-rating toward the downside-risk PE of 9.54 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 25.7% below its 52-week high, with an RSI of 29.0 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in MAS Financial Services
Start with the live price and volume. Any MAS Financial Services share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 266.70 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check MAS Financial Services’ PE, ROE, debt and shareholding in one place.
Check MAS Financial Services fundamentals on the Univest Screener
Then compare the three MAS Financial Services target price scenarios with your own view. If you expect EPS growth below 15.6%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track MAS Financial Services live price and get daily stock recommendations.
Conclusion
The MAS Financial Services share price target for 2027 is Rs 303 in the base case, with Rs 367 as the bull case. The support for that view is arithmetic you can check: EPS grew 15.6% a year over FY24 to FY26, and the stock trades at a PE of 11.93. The risks are equally concrete, including a stock that sits 25.7% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on MAS Financial Services Share Price Target 2027
What is the MAS Financial Services share price target for 2027?
Ans. The base-case MAS Financial Services share price target for 2027 is Rs 303, with Rs 367 as the bull case. The downside risk level, which is not a target, is Rs 210. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the MAS Financial Services share price today?
Ans. As of 9 October 2026, 3:30 PM IST, MAS Financial Services trades at Rs 266.70, up 1.43% on the day. The 52-week range is Rs 260.75 to Rs 358.85.
Is MAS Financial Services a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 15.6% a year over FY24 to FY26, but the stock is 25.7% below its 52-week high. Whether MAS Financial Services fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for MAS Financial Services shares?
Ans. The bull case target is Rs 367, which assumes 21.6% EPS growth and a PE of 13.72. The downside risk level is Rs 210, which assumes flat EPS and a PE of 9.54. It marks a risk, not a target.
What are the main risks to the MAS Financial Services price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 4,765 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of MAS Financial Services and how does it compare with the industry?
Ans. The PE ratio of MAS Financial Services is 11.93 against an industry PE of 17.72. Price to book is 1.60 and return on equity is 12.48%. The base case in the MAS Financial Services price target holds this PE constant.
Who owns MAS Financial Services, and what is the promoter holding?
Ans. Promoters held 66.65% of MAS Financial Services in June 2026. FII held 3.68%, DII held 19.69% and the public held 9.97%.
What were MAS Financial Services’ latest quarterly results?
Ans. In the June 2026 quarter, MAS Financial Services reported revenue of Rs 561.92 crore (up 20.4% year on year) and net profit of Rs 110.15 crore (up 27.2%).
