Why this small niche NBFC deserves a place in the portfolio

The company’s asset quality is pristine, while its liability management is robust with a very healthy capital position and access to diversified funding sources

Madhuchanda Dey
May 17, 2023 / 09:04 AM IST
Why this small niche NBFC deserves a place in the portfolio

Mas Financial has significantly underperformed the Nifty in the past six months.

PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights AUM growth continues to be strong Disbursement growth maintains momentum Maintains stable margin and expects this to sustain despite rising funding cost Asset quality pristine Housing subsidiary a non-performer so far, could be a value driver in future Valuation attractive for a long-term investor Mas Financial (CMP: Rs 730, Market Cap: Rs 3,993 crore) has significantly underperformed the Nifty in the past six months. The Street appears to be having twin concerns about the Mas stock — a squeeze in margins due to the rising...