Master Trust Ltd.
•₹ 84.998.96%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Brokerage and Allied: 89.7% • Share Trading and Others: 4.1% • Portfolio Management Services: 3.3% • Interest: 2.2% • Insurance Broking: 0.7%
PROS
- Company has delivered good profit growth of 60.5% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 29.5%
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.1%
- Asset quality is healthy - gross NPA of just 0.0%
- Solid return on assets for a lender - ROA of 1.3%
CONS
- Capital adequacy is tight at 0.0% - limited headroom to grow
- Thin net interest margin of 0.0%
- Growth is decelerating - 3Y profit CAGR (33.5%) trails the 5Y trend (60.5%)
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | MASTERTR | 79.00 | 7.27 | 971.83 | 0.00 | 34.65 | 27.81 | 149.79 | 83.84 | 30.16 | 41.28 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 92 | 120 | 124 | 164 | 160 | 99 | 85 | 77 | 81 | 79 | 81 | 83 | 150 | |
| 55 | 75 | 71 | 95 | 98 | 90 | 84 | 69 | 80 | 68 | 76 | 117 | 104 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 12 | 14 | 15 | 16 | 15 | 15 | 16 | 15 | 15 | 15 | 15 | 14 | 15 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 25 | 31 | 37 | 52 | 45 | 49 | 47 | 37 | 36 | 43 | 45 | 49 | 46 | |
| Tax % | 23.01% | 23.61% | 24.29% | 26.88% | 23.80% | 24.03% | 25.64% | 34.39% | 24.42% | 27.38% | 29.39% | 26.00% | 25.06% |
| Net Profit | 0 | 0 | 0 | 0 | 35 | 37 | 35 | 25 | 27 | 31 | 32 | 36 | 35 |
| 9 | 2 | 3 | 4 | 3 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 0 | |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 92
- 55
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 12
- Depreciation
- 1
- 25
- Tax %
- 23.01%
- Net Profit
- 0
- 9
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 120
- 75
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 14
- Depreciation
- 1
- 31
- Tax %
- 23.61%
- Net Profit
- 0
- 2
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 124
- 71
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 37
- Tax %
- 24.29%
- Net Profit
- 0
- 3
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 164
- 95
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 16
- Depreciation
- 1
- 52
- Tax %
- 26.88%
- Net Profit
- 0
- 4
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 160
- 98
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 45
- Tax %
- 23.80%
- Net Profit
- 35
- 3
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 99
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 49
- Tax %
- 24.03%
- Net Profit
- 37
- 3
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 85
- 84
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 16
- Depreciation
- 1
- 47
- Tax %
- 25.64%
- Net Profit
- 35
- 3
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 77
- 69
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 37
- Tax %
- 34.39%
- Net Profit
- 25
- 2
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 81
- 80
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 36
- Tax %
- 24.42%
- Net Profit
- 27
- 2
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 79
- 68
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 43
- Tax %
- 27.38%
- Net Profit
- 31
- 3
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 81
- 76
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 45
- Tax %
- 29.39%
- Net Profit
- 32
- 3
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 83
- 117
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 14
- Depreciation
- 1
- 49
- Tax %
- 26.00%
- Net Profit
- 36
- 3
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 150
- 104
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 46
- Tax %
- 25.06%
- Net Profit
- 35
- 0
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 111 | 160 | 134 | 136 | 225 | 331 | 337 | 500 | 584 | 393 | |
| 82 | 85 | 127 | 101 | 103 | 162 | 222 | 219 | 297 | 341 | 363 | |
| Operating Profit | 22 | 26 | 35 | 34 | 33 | 63 | 109 | 120 | 204 | 243 | — |
| OPM % | 21 | 24 | 22 | 25 | 24 | 28 | 33 | 36 | 41 | 42 | — |
| Other Income | 0 | 0 | 2 | 1 | 0 | 1 | 0 | 3 | 0 | 0 | 0 |
| Interest | 14 | 15 | 19 | 13 | 18 | 19 | 35 | 33 | 56 | 61 | 59 |
| Depreciation | 2 | 2 | 3 | 1 | 2 | 1 | 2 | 3 | 4 | 4 | 4 |
| 5 | 9 | 13 | 20 | 13 | 43 | 72 | 85 | 144 | 179 | 183 | |
| Tax % | 32 | 34 | 23 | 14 | 8 | 20 | 23 | 22 | 25 | 27 | 27 |
| Net Profit | 4 | 6 | 10 | 17 | 12 | 34 | 55 | 66 | 108 | 131 | 134 |
| EPS | 0 | 0 | 0 | 0 | 6 | 16 | 25 | 30 | 50 | 12 | — |
| Dividend Payout % | 0 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | -0 | -0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | 1 | 2 | 1 | 3 | 5 | 6 | 10 | 12 | — |
| Minority Interest | -0 | -0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | 1 | 2 | 1 | 3 | 5 | 6 | 10 | 12 | — |
Mar 2016
- 104
- 82
- Operating Profit
- 22
- OPM %
- 21
- Other Income
- 0
- Interest
- 14
- Depreciation
- 2
- 5
- Tax %
- 32
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 111
- 85
- Operating Profit
- 26
- OPM %
- 24
- Other Income
- 0
- Interest
- 15
- Depreciation
- 2
- 9
- Tax %
- 34
- Net Profit
- 6
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 160
- 127
- Operating Profit
- 35
- OPM %
- 22
- Other Income
- 2
- Interest
- 19
- Depreciation
- 3
- 13
- Tax %
- 23
- Net Profit
- 10
- EPS
- 0
- Dividend Payout %
- 11
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 134
- 101
- Operating Profit
- 34
- OPM %
- 25
- Other Income
- 1
- Interest
- 13
- Depreciation
- 1
- 20
- Tax %
- 14
- Net Profit
- 17
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 136
- 103
- Operating Profit
- 33
- OPM %
- 24
- Other Income
- 0
- Interest
- 18
- Depreciation
- 2
- 13
- Tax %
- 8
- Net Profit
- 12
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2021
- 225
- 162
- Operating Profit
- 63
- OPM %
- 28
- Other Income
- 1
- Interest
- 19
- Depreciation
- 1
- 43
- Tax %
- 20
- Net Profit
- 34
- EPS
- 16
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2022
- 331
- 222
- Operating Profit
- 109
- OPM %
- 33
- Other Income
- 0
- Interest
- 35
- Depreciation
- 2
- 72
- Tax %
- 23
- Net Profit
- 55
- EPS
- 25
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2023
- 337
- 219
- Operating Profit
- 120
- OPM %
- 36
- Other Income
- 3
- Interest
- 33
- Depreciation
- 3
- 85
- Tax %
- 22
- Net Profit
- 66
- EPS
- 30
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2024
- 500
- 297
- Operating Profit
- 204
- OPM %
- 41
- Other Income
- 0
- Interest
- 56
- Depreciation
- 4
- 144
- Tax %
- 25
- Net Profit
- 108
- EPS
- 50
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2025
- 584
- 341
- Operating Profit
- 243
- OPM %
- 42
- Other Income
- 0
- Interest
- 61
- Depreciation
- 4
- 179
- Tax %
- 27
- Net Profit
- 131
- EPS
- 12
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 12
TTM
- 393
- 363
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 59
- Depreciation
- 4
- 183
- Tax %
- 27
- Net Profit
- 134
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 18%
- 5 Years:
- 34%
- 3 Years:
- 21%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 30%
- 5 Years:
- 61%
- 3 Years:
- 33%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -52%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 21%
- 3 Years:
- 23%
- Last Year:
- 24%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| 160 | 166 | 174 | 196 | 203 | 245 | 289 | 354 | 468 | 608 | |
| 39 | 15 | 22 | 28 | 55 | 39 | 31 | 89 | 114 | 257 | |
| Trade Payables | 139 | 199 | 213 | 250 | 197 | 401 | 602 | 667 | 1,033 | 933 |
| 79 | 74 | 70 | 87 | 89 | 91 | 94 | 108 | 237 | 143 | |
| Total Liabilities | 428 | 464 | 491 | 572 | 555 | 786 | 1,027 | 1,228 | 1,863 | 1,953 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 10 | 9 | 8 | 10 | 10 | 10 | 12 | 14 | 15 | 15 | |
| 23 | 25 | 21 | 40 | 27 | 23 | 7 | 6 | 15 | 19 | |
| 16 | 14 | 22 | 27 | 19 | 12 | 32 | 17 | 23 | 19 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 125 | 161 | |
| Cash & Bank | 174 | 228 | 233 | 295 | 328 | 576 | 836 | 1,015 | 1,493 | 1,471 |
| 205 | 189 | 208 | 200 | 171 | 165 | 142 | 177 | 193 | 269 | |
| Total Assets | 428 | 464 | 491 | 572 | 555 | 786 | 1,027 | 1,228 | 1,863 | 1,953 |
| Total Debt | 85 | 75 | 69 | 69 | 104 | 95 | 97 | 162 | 187 | 258 |
| Net Working Capital | 177 | 196 | 198 | 190 | 214 | 272 | 326 | 395 | 534 | 597 |
| Contingent Liabilities | 64 | 15 | 1 | 10 | 0 | 6 | 192 | 379 | 459 | 474 |
| Book Value per Share | 156.87 | 162.28 | 170.30 | 189.83 | 98.39 | 117.40 | 137.78 | 167.70 | 220.19 | 55.14 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 1.00 |
| Total Debt | 85 | 75 | 69 | 69 | 104 | 95 | 97 | 162 | 187 | 258 |
| Net Working Capital | 177 | 196 | 198 | 190 | 214 | 272 | 326 | 395 | 534 | 597 |
| Contingent Liabilities | 64 | 15 | 1 | 10 | 0 | 6 | 192 | 379 | 459 | 474 |
| Book Value per Share | 156.87 | 162.28 | 170.30 | 189.83 | 98.39 | 117.40 | 137.78 | 167.70 | 220.19 | 55.14 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 1.00 |
Mar 2016
- Equity Capital
- 11
- 160
- 39
- Trade Payables
- 139
- 79
- Total Liabilities
- 428
- 10
- 23
- 16
- 0
- Cash & Bank
- 174
- 205
- Total Assets
- 428
- Total Debt
- 85
- Net Working Capital
- 177
- Contingent Liabilities
- 64
- Book Value per Share
- 156.87
- Face Value
- 10.00
- Total Debt
- 85
- Net Working Capital
- 177
- Contingent Liabilities
- 64
- Book Value per Share
- 156.87
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 11
- 166
- 15
- Trade Payables
- 199
- 74
- Total Liabilities
- 464
- 9
- 25
- 14
- 0
- Cash & Bank
- 228
- 189
- Total Assets
- 464
- Total Debt
- 75
- Net Working Capital
- 196
- Contingent Liabilities
- 15
- Book Value per Share
- 162.28
- Face Value
- 10.00
- Total Debt
- 75
- Net Working Capital
- 196
- Contingent Liabilities
- 15
- Book Value per Share
- 162.28
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 11
- 174
- 22
- Trade Payables
- 213
- 70
- Total Liabilities
- 491
- 8
- 21
- 22
- 0
- Cash & Bank
- 233
- 208
- Total Assets
- 491
- Total Debt
- 69
- Net Working Capital
- 198
- Contingent Liabilities
- 1
- Book Value per Share
- 170.30
- Face Value
- 10.00
- Total Debt
- 69
- Net Working Capital
- 198
- Contingent Liabilities
- 1
- Book Value per Share
- 170.30
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 11
- 196
- 28
- Trade Payables
- 250
- 87
- Total Liabilities
- 572
- 10
- 40
- 27
- 0
- Cash & Bank
- 295
- 200
- Total Assets
- 572
- Total Debt
- 69
- Net Working Capital
- 190
- Contingent Liabilities
- 10
- Book Value per Share
- 189.83
- Face Value
- 10.00
- Total Debt
- 69
- Net Working Capital
- 190
- Contingent Liabilities
- 10
- Book Value per Share
- 189.83
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 11
- 203
- 55
- Trade Payables
- 197
- 89
- Total Liabilities
- 555
- 10
- 27
- 19
- 0
- Cash & Bank
- 328
- 171
- Total Assets
- 555
- Total Debt
- 104
- Net Working Capital
- 214
- Contingent Liabilities
- 0
- Book Value per Share
- 98.39
- Face Value
- 5.00
- Total Debt
- 104
- Net Working Capital
- 214
- Contingent Liabilities
- 0
- Book Value per Share
- 98.39
- Face Value
- 5.00
Mar 2021
- Equity Capital
- 11
- 245
- 39
- Trade Payables
- 401
- 91
- Total Liabilities
- 786
- 10
- 23
- 12
- 0
- Cash & Bank
- 576
- 165
- Total Assets
- 786
- Total Debt
- 95
- Net Working Capital
- 272
- Contingent Liabilities
- 6
- Book Value per Share
- 117.40
- Face Value
- 5.00
- Total Debt
- 95
- Net Working Capital
- 272
- Contingent Liabilities
- 6
- Book Value per Share
- 117.40
- Face Value
- 5.00
Mar 2022
- Equity Capital
- 11
- 289
- 31
- Trade Payables
- 602
- 94
- Total Liabilities
- 1,027
- 12
- 7
- 32
- 0
- Cash & Bank
- 836
- 142
- Total Assets
- 1,027
- Total Debt
- 97
- Net Working Capital
- 326
- Contingent Liabilities
- 192
- Book Value per Share
- 137.78
- Face Value
- 5.00
- Total Debt
- 97
- Net Working Capital
- 326
- Contingent Liabilities
- 192
- Book Value per Share
- 137.78
- Face Value
- 5.00
Mar 2023
- Equity Capital
- 11
- 354
- 89
- Trade Payables
- 667
- 108
- Total Liabilities
- 1,228
- 14
- 6
- 17
- 0
- Cash & Bank
- 1,015
- 177
- Total Assets
- 1,228
- Total Debt
- 162
- Net Working Capital
- 395
- Contingent Liabilities
- 379
- Book Value per Share
- 167.70
- Face Value
- 5.00
- Total Debt
- 162
- Net Working Capital
- 395
- Contingent Liabilities
- 379
- Book Value per Share
- 167.70
- Face Value
- 5.00
Mar 2024
- Equity Capital
- 11
- 468
- 114
- Trade Payables
- 1,033
- 237
- Total Liabilities
- 1,863
- 15
- 15
- 23
- 125
- Cash & Bank
- 1,493
- 193
- Total Assets
- 1,863
- Total Debt
- 187
- Net Working Capital
- 534
- Contingent Liabilities
- 459
- Book Value per Share
- 220.19
- Face Value
- 5.00
- Total Debt
- 187
- Net Working Capital
- 534
- Contingent Liabilities
- 459
- Book Value per Share
- 220.19
- Face Value
- 5.00
Mar 2025
- Equity Capital
- 11
- 608
- 257
- Trade Payables
- 933
- 143
- Total Liabilities
- 1,953
- 15
- 19
- 19
- 161
- Cash & Bank
- 1,471
- 269
- Total Assets
- 1,953
- Total Debt
- 258
- Net Working Capital
- 597
- Contingent Liabilities
- 474
- Book Value per Share
- 55.14
- Face Value
- 1.00
- Total Debt
- 258
- Net Working Capital
- 597
- Contingent Liabilities
- 474
- Book Value per Share
- 55.14
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 54 | 52 | -2 | 82 | 14 | -24 | -15 | 177 | 458 | -37 | |
| Cash from Investing | 1 | 2 | 7 | -18 | 19 | 12 | 6 | -164 | -493 | 54 |
| Cash from Financing | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 25 | 18 |
| 54 | 54 | 5 | 62 | 33 | -13 | -9 | 13 | -10 | 35 | |
| Free Cash Flow | 53 | 51 | -4 | 78 | 13 | -25 | -19 | 173 | 453 | -40 |
| OCF / Net Profit | 14.95 | 8.86 | -0.23 | 4.90 | 1.15 | -0.71 | -0.28 | 2.68 | 4.24 | -0.28 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 191 | 113 | 44 | 221 | 596 | 542 |
| OCF / Net Profit | 14.95 | 8.86 | -0.23 | 4.90 | 1.15 | -0.71 | -0.28 | 2.68 | 4.24 | -0.28 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 191 | 113 | 44 | 221 | 596 | 542 |
Mar 2016
- 54
- Cash from Investing
- 1
- Cash from Financing
- 0
- 54
- Free Cash Flow
- 53
- OCF / Net Profit
- 14.95
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 14.95
- Cumulative 5-Year FCF
- 0
Mar 2017
- 52
- Cash from Investing
- 2
- Cash from Financing
- 0
- 54
- Free Cash Flow
- 51
- OCF / Net Profit
- 8.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 8.86
- Cumulative 5-Year FCF
- 0
Mar 2018
- -2
- Cash from Investing
- 7
- Cash from Financing
- 0
- 5
- Free Cash Flow
- -4
- OCF / Net Profit
- -0.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.23
- Cumulative 5-Year FCF
- 0
Mar 2019
- 82
- Cash from Investing
- -18
- Cash from Financing
- -1
- 62
- Free Cash Flow
- 78
- OCF / Net Profit
- 4.90
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.90
- Cumulative 5-Year FCF
- 0
Mar 2020
- 14
- Cash from Investing
- 19
- Cash from Financing
- 0
- 33
- Free Cash Flow
- 13
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 191
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 191
Mar 2021
- -24
- Cash from Investing
- 12
- Cash from Financing
- 0
- -13
- Free Cash Flow
- -25
- OCF / Net Profit
- -0.71
- Cumulative 5-Year FCF
- 113
- OCF / Net Profit
- -0.71
- Cumulative 5-Year FCF
- 113
Mar 2022
- -15
- Cash from Investing
- 6
- Cash from Financing
- 0
- -9
- Free Cash Flow
- -19
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 44
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 44
Mar 2023
- 177
- Cash from Investing
- -164
- Cash from Financing
- 0
- 13
- Free Cash Flow
- 173
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 221
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 221
Mar 2024
- 458
- Cash from Investing
- -493
- Cash from Financing
- 25
- -10
- Free Cash Flow
- 453
- OCF / Net Profit
- 4.24
- Cumulative 5-Year FCF
- 596
- OCF / Net Profit
- 4.24
- Cumulative 5-Year FCF
- 596
Mar 2025
- -37
- Cash from Investing
- 54
- Cash from Financing
- 18
- 35
- Free Cash Flow
- -40
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 542
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 542
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.27 | 5.36 | 9.23 | 15.29 | 5.66 | 15.80 | 25.37 | 30.29 | 49.69 | 11.69 |
| Book Value (₹) | 156.87 | 162.28 | 170.30 | 189.83 | 98.39 | 117.40 | 137.78 | 167.70 | 220.19 | 55.14 |
| Dividend per Share (₹) | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.50 | 0.71 | 1.18 | 1.67 | 1.28 | 3.28 | 5.25 | 6.30 | 10.27 | 12.02 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 20.82% | 23.51% | 21.83% | 25.46% | 24.16% | 28.19% | 32.91% | 35.63% | 40.73% | 41.62% |
| Net Margin % | 3.46% | 5.25% | 6.30% | 12.45% | 9.06% | 15.29% | 16.65% | 19.56% | 21.60% | 22.48% |
| ROE % | 2.13% | 3.36% | 5.57% | 8.55% | 5.86% | 14.65% | 19.88% | 19.83% | 25.62% | 23.91% |
| ROCE % | 7.03% | 9.54% | 12.72% | 12.37% | 10.53% | 18.58% | 28.68% | 25.43% | 32.88% | 30.16% |
| 0.85% | 1.31% | 2.11% | 3.15% | 2.18% | 5.13% | 6.09% | 5.84% | 6.99% | 6.88% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 330 | 284 | 229 | 279 | 170 | 82 | 67 | 57 | 64 | 89 |
| Inventory Days | 87 | 49 | 40 | 66 | 62 | 26 | 24 | 26 | 14 | 13 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 418 | 333 | 269 | 345 | 232 | 108 | 91 | 83 | 78 | 102 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.50x | 0.42x | 0.37x | 0.33x | 0.48x | 0.37x | 0.32x | 0.44x | 0.39x | 0.42x |
| Interest Coverage (x) | 1.37x | 1.57x | 1.68x | 2.48x | 1.76x | 3.24x | 3.05x | 3.59x | 3.55x | 3.95x |
| 1.84x | 1.87x | 1.77x | 1.58x | 1.73x | 1.58x | 1.49x | 1.50x | 1.42x | 1.46x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -9.59% | 7.10% | 44.21% | -15.99% | 1.04% | 65.46% | 47.41% | 1.68% | 48.53% | 16.67% |
| Operating Profit Growth % | -35.19% | 20.93% | 33.92% | -2.01% | -4.10% | 93.05% | 72.08% | 10.07% | 69.88% | 19.21% |
| Net Profit Growth % | -61.99% | 62.51% | 72.82% | 66.13% | -26.47% | 179.21% | 60.53% | 19.42% | 64.04% | 21.42% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 64.04% | -76.47% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.90x | 10.75x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.27x | 2.28x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.27x | 0.82x |
Mar 2016
- EPS (₹)
- 3.27
- Book Value (₹)
- 156.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.50
- Operating Margin %
- 20.82%
- Net Margin %
- 3.46%
- ROE %
- 2.13%
- ROCE %
- 7.03%
- 0.85%
- Debtor Days
- 330
- Inventory Days
- 87
- Payable Days
- 0
- 418
- Debt to Equity (x)
- 0.50x
- Interest Coverage (x)
- 1.37x
- 1.84x
- Revenue Growth %
- -9.59%
- Operating Profit Growth %
- -35.19%
- Net Profit Growth %
- -61.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 5.36
- Book Value (₹)
- 162.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.71
- Operating Margin %
- 23.51%
- Net Margin %
- 5.25%
- ROE %
- 3.36%
- ROCE %
- 9.54%
- 1.31%
- Debtor Days
- 284
- Inventory Days
- 49
- Payable Days
- 0
- 333
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 1.57x
- 1.87x
- Revenue Growth %
- 7.10%
- Operating Profit Growth %
- 20.93%
- Net Profit Growth %
- 62.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 9.23
- Book Value (₹)
- 170.30
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.18
- Operating Margin %
- 21.83%
- Net Margin %
- 6.30%
- ROE %
- 5.57%
- ROCE %
- 12.72%
- 2.11%
- Debtor Days
- 229
- Inventory Days
- 40
- Payable Days
- 0
- 269
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 1.68x
- 1.77x
- Revenue Growth %
- 44.21%
- Operating Profit Growth %
- 33.92%
- Net Profit Growth %
- 72.82%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 15.29
- Book Value (₹)
- 189.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.67
- Operating Margin %
- 25.46%
- Net Margin %
- 12.45%
- ROE %
- 8.55%
- ROCE %
- 12.37%
- 3.15%
- Debtor Days
- 279
- Inventory Days
- 66
- Payable Days
- 0
- 345
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 2.48x
- 1.58x
- Revenue Growth %
- -15.99%
- Operating Profit Growth %
- -2.01%
- Net Profit Growth %
- 66.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 5.66
- Book Value (₹)
- 98.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.28
- Operating Margin %
- 24.16%
- Net Margin %
- 9.06%
- ROE %
- 5.86%
- ROCE %
- 10.53%
- 2.18%
- Debtor Days
- 170
- Inventory Days
- 62
- Payable Days
- 0
- 232
- Debt to Equity (x)
- 0.48x
- Interest Coverage (x)
- 1.76x
- 1.73x
- Revenue Growth %
- 1.04%
- Operating Profit Growth %
- -4.10%
- Net Profit Growth %
- -26.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 15.80
- Book Value (₹)
- 117.40
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.28
- Operating Margin %
- 28.19%
- Net Margin %
- 15.29%
- ROE %
- 14.65%
- ROCE %
- 18.58%
- 5.13%
- Debtor Days
- 82
- Inventory Days
- 26
- Payable Days
- 0
- 108
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 3.24x
- 1.58x
- Revenue Growth %
- 65.46%
- Operating Profit Growth %
- 93.05%
- Net Profit Growth %
- 179.21%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 25.37
- Book Value (₹)
- 137.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.25
- Operating Margin %
- 32.91%
- Net Margin %
- 16.65%
- ROE %
- 19.88%
- ROCE %
- 28.68%
- 6.09%
- Debtor Days
- 67
- Inventory Days
- 24
- Payable Days
- 0
- 91
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 3.05x
- 1.49x
- Revenue Growth %
- 47.41%
- Operating Profit Growth %
- 72.08%
- Net Profit Growth %
- 60.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 30.29
- Book Value (₹)
- 167.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.30
- Operating Margin %
- 35.63%
- Net Margin %
- 19.56%
- ROE %
- 19.83%
- ROCE %
- 25.43%
- 5.84%
- Debtor Days
- 57
- Inventory Days
- 26
- Payable Days
- 0
- 83
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 3.59x
- 1.50x
- Revenue Growth %
- 1.68%
- Operating Profit Growth %
- 10.07%
- Net Profit Growth %
- 19.42%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 49.69
- Book Value (₹)
- 220.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 10.27
- Operating Margin %
- 40.73%
- Net Margin %
- 21.60%
- ROE %
- 25.62%
- ROCE %
- 32.88%
- 6.99%
- Debtor Days
- 64
- Inventory Days
- 14
- Payable Days
- 0
- 78
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 3.55x
- 1.42x
- Revenue Growth %
- 48.53%
- Operating Profit Growth %
- 69.88%
- Net Profit Growth %
- 64.04%
- 64.04%
- P/E (x)
- 2.90x
- P/B (x)
- 3.27x
- Dividend Yield %
- 0.00%
- 1.27x
Mar 2025
- EPS (₹)
- 11.69
- Book Value (₹)
- 55.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.02
- Operating Margin %
- 41.62%
- Net Margin %
- 22.48%
- ROE %
- 23.91%
- ROCE %
- 30.16%
- 6.88%
- Debtor Days
- 89
- Inventory Days
- 13
- Payable Days
- 0
- 102
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 3.95x
- 1.46x
- Revenue Growth %
- 16.67%
- Operating Profit Growth %
- 19.21%
- Net Profit Growth %
- 21.42%
- -76.47%
- P/E (x)
- 10.75x
- P/B (x)
- 2.28x
- Dividend Yield %
- 0.00%
- 0.82x
Documents
Announcements
- General Updates
2026-08-06 - Master Trust Limited has informed the Exchange about General Updates about Newspaper publication of un-audited financial results 30.06.2026
- Press Release
2026-08-05 - Master Trust Limited has informed the Exchange regarding a press release dated August 05, 2026, titled "Master Trust Reports Q1 FY27 Performance with 13.8% Growth in Total Income & 27.8% Surge in PAT".
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.