MAS Financial Services Ltd.

Financial

	MAS Financial Serv	Indostar Capital Fin	Religare Enterprises
Operational Metrics
Banking Sector
Net Interest Margin	6.8 %	5.6 %	n/a
Fresh Slippages - Quarterly	41.31 Crs	n/a	n/a
NBFC
Cost of Borrowing	9.81 %	11.3 %	n/a
AUM - NBFC	12099.8 Crs	11053.0 Crs	n/a
Capital to Risks Assets Ratio (CRAR)	24.72 %	28.5 %	n/a
Tier I Capital	22.58 %	28.87 %	n/a
Gross NPA	2.44 %	4.52 %	n/a
Net NPA	1.62 %	2.46 %	n/a
Financials
5 yr Average ROE	13.69 %	-6.44 %	94.73 %
5yr average Equity Multiplier	5.11	3.16	-19.93
5yr Average Asset Turnover Ratio	0.12	0.13	0.44
5yr Avg Net Profit Margin	22.01 %	-14.58 %	-7.61 %
5yr Avg Net Profit Margin	22.01 %	-14.58 %	n/a
5yr CAGR Net Profit	8.44 %	n/a	n/a
5yr CAGR Sales	12.62 %	-1.04 %	n/a
5 yr CAGR PPOP	n/a	n/a	n/a
Price to Book	2.17	1.3	2.92
P/E	18.25	39.16	58.58
Shareholdings
Promoter Holding	66.63 %	73.29 %	25.67 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-7.01 %	-15.92 %	25.67 %
Change in Mutual Fund Holding (3 Yrs)	4.73 %	-0.06 %	6.28 %

Business

	MAS Financial Serv	Indostar Capital Fin	Religare Enterprises
Product Wise Break-Up	Product Wise Break-Up Interest Income 85.0 Gain On Assignment Of Financial Assets 9.46 Fees and Commission Income 5.51 0 0 0 Interest on loans - Loan portfolio 0 Others 0.03	Product Wise Break-Up Interest Income 0 Net gain on fair value changes 2.69 Fees and Commission Income 6.37 Gain On Assignment Of Financial Assets 0 0 0 Interest Income 85.46 Others 5.48	-
Loan Break-Up	Loan Break-Up Small & Medium Enterprises (SME) loans 39.6 Small & Medium Enterprises (SME) loans 37.2 Salaried Personal Loans 8.6 Commercial Vehicle Loans 8.1 2 Wheeler Loans 6.5	-	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 India 100.0	Location Wise Break-Up Rest of the World 0 India 100.0
Customer Segment	Customer Segment Consumer Finance 100.0 Corporate 0 Retail 0	Customer Segment Retail 1.0 Corporate 99.0 Consumer Finance 0	-
AUM Break-Up	AUM Break-Up On Book 80.39 Off Book 19.61	-	-
Borrowings Break-Up	Borrowings Break-Up Loan From Banks 51.05 Direct Assignment (incl. co-lending) 21.32 Non-Convertible Debentures 13.25 Loan From Banks 11.6 0 Securitisation 0 CPs 0 Banks 0 NCD 0 Equity 0 Un Secured 0 Secured 0 Others 2.78	Borrowings Break-Up Banking 28.0 Loan From Banks 0 CPs 0 Direct Assignment (incl. co-lending) 0 Equity 0 Secured 0 NCD 47.0 Non-Convertible Debentures 0 0 Un Secured 0 Securitisation 17.0 Others 8.0	Borrowings Break-Up Banks 0 Loan From Banks 0 CPs 0 Direct Assignment (incl. co-lending) 0 Equity 0 Secured 100.0 NCD 0 Non-Convertible Debentures 0 0 Un Secured 0 Securitisation 0

MAS Financial Services Ltd.

MAS Financial Services Ltd.

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