External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

MAS Financial Services / Equity Bottom-Up

<ul><li>Prudent Growth While Prioritising Asset Quality: MAS has consciously pruned its growth amidst an uncertain and challenging credit environment, especially in the customer segment the company caters to.</li><li>However, the log-in, disbursement, and sanction rates have remained broadly stable and not deteriorated.</li><li>Thus, the management is confident of growth picking up in H2, enabling MAS to deliver a steady AUM growth of 20-25%. further scope to accelerate growth contingent on a strong pick-up in the MSME segment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prudent Growth While Prioritising Asset Quality: MAS has consciously pruned its growth amidst an uncertain and challenging credit environment, especially in the customer segment the company caters to.However, the log-in, disbursement, and sanction rates have remained broadly stable and not deteriorated.Thus, the management is confident of growth picking up in H2, enabling MAS to deliver a steady AUM growth of 20-25%. further scope to accelerate growth contingent on a strong pick-up in the MSME segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MAS Financial Services Ltd - Steady Quarter

<ul><li>Prudent growth with focus on profitability: MAS has consciously pruned its growth amidst an uncertain and challenging credit environment, resulting in slower growth in FY25</li><li>. However, with stress levels expected to ease from the second half of FY26, management anticipates a rebound in growth, projecting a 20–25% increase in the standalone loan book for FY26.</li><li>This recovery is expected to be broad-based, with the SME segment serving as the primary growth driver. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prudent growth with focus on profitability: MAS has consciously pruned its growth amidst an uncertain and challenging credit environment, resulting in slower growth in FY25. However, with stress levels expected to ease from the second half of FY26, management anticipates a rebound in growth, projecting a 20–25% increase in the standalone loan book for FY26.This recovery is expected to be broad-based, with the SME segment serving as the primary growth driver. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MAS Financial Services Ltd - Steady Quarter; Growth to Pick Up from FY26 Onwards!

<ul><li>Prioritizing asset quality over growth: MAS has been able to maintain pristine asset quality consistently owing to its principle of extending credit where due.</li><li>Resultantly, the company has been able to maintain GNPA/NNPA at sub-2.5%/sub-1.75% across cycles.</li><li>MAS has seen a slight deterioration in asset quality in Q2FY25 mainly from the MEL, 2-Wheelers and CV portfolio. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prioritizing asset quality over growth: MAS has been able to maintain pristine asset quality consistently owing to its principle of extending credit where due.Resultantly, the company has been able to maintain GNPA/NNPA at sub-2.5%/sub-1.75% across cycles.MAS has seen a slight deterioration in asset quality in Q2FY25 mainly from the MEL, 2-Wheelers and CV portfolio. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MAS Financial Services Ltd. - Strong Quarter; Prioritizing Credit Quality over Growth

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>MAX Financial Services (MAXLIFE) reported a steady performance in 2QFY25. New business APE grew 31.3% YoY to INR21.7b (in-line), while for 1HFY25, it grew 31% YoY to INR36.2b.</li><li>MAX reported a VNB growth of 23.1% YoY to INR5.1b (in-line) and for 1HFY25, it grew 16% YoY to INR7.7b, due to strong growth in rider attachment.</li><li>VNB margins expanded sequentially to 23.6% in 2QFY25 from 17.5% in 1QFY25 (~600bp jump) due to operating leverage and strong growth in volumes and rider attachment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MAX Financial Services (MAXLIFE) reported a steady performance in 2QFY25. New business APE grew 31.3% YoY to INR21.7b (in-line), while for 1HFY25, it grew 31% YoY to INR36.2b.MAX reported a VNB growth of 23.1% YoY to INR5.1b (in-line) and for 1HFY25, it grew 16% YoY to INR7.7b, due to strong growth in rider attachment.VNB margins expanded sequentially to 23.6% in 2QFY25 from 17.5% in 1QFY25 (~600bp jump) due to operating leverage and strong growth in volumes and rider attachment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MAX Financial Services - Strong APE Growth Driven by 23% Growth in NOP

<ul><li>We interacted with the senior management team of MAS Financial Services Ltd.</li><li>(MAS) and the Business Heads of Retail, SME and Housing segment to get an in-depth understanding of the business processes and understand the growth strategy.</li><li>During our visit to Ahmedabad, we also interacted with the company’s SME customers to understand their selection of MAS as a preferred lender.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We interacted with the senior management team of MAS Financial Services Ltd.(MAS) and the Business Heads of Retail, SME and Housing segment to get an in-depth understanding of the business processes and understand the growth strategy.During our visit to Ahmedabad, we also interacted with the company’s SME customers to understand their selection of MAS as a preferred lender.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MAS Financial Services Ltd. - Prioritizing Profitability Over Growth

India

MAS Financial Services is a non-deposit-taking Non-Banking Financial Company (NBFC) specializing in retail financing for underserved segments of the Indian economy, including micro-enterprises, small and medium businesses, and individuals. The company offers a diverse portfolio of financial solutions such as micro-enterprise loans, SME loans, home loans, two-wheeler loans, and commercial vehicle loans. Headquartered in Ahmedabad, Gujarat, India, the company was established in 1995.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

MAS Financial Services (MASFIN IN)

MAS Financial Services Ltd - Steady Quarter

MAS has consciously pruned its growth amidst an uncertain and challenging credit environment, especially in the customer segment the company caters...

Axis Direct

MAS Financial Services Ltd - Steady Quarter; Growth to Pick Up from FY26 Onwards!

Prudent growth with focus on profitability: MAS has consciously pruned its growth amidst an uncertain and challenging credit environment, resulting...

Axis Direct

MAS Financial Services Ltd. - Strong Quarter; Prioritizing Credit Quality over Growth

Prioritizing asset quality over growth: MAS has been able to maintain pristine asset quality consistently owing to its principle of extending...

Axis Direct

MAX Financial Services - Strong APE Growth Driven by 23% Growth in NOP

MAX Financial Services (MAXLIFE) reported a steady performance in 2QFY25. New business APE grew 31.3% YoY to INR21.7b (in-line), while for 1HFY25,...

Motilal Oswal

MAS Financial Services Ltd. - Prioritizing Profitability Over Growth

(MAS) and the Business Heads of Retail, SME and Housing segment to get an in-depth understanding of the business processes and understand the...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)