Finance
Finance & Investments - MSME Lending
from 317 today
MAS Financial's 1QFY27 PAT grew ~25% YoY to INR1.05b in line with expectations. We estimate an AUM/PAT CAGR of 22%/20% over FY26-28, with an RoA/RoE of ~3.1%/15% in FY28, leading to a reiterated BUY rating with a TP of INR385.
We maintain our BUY recommendation on the stock with a target price of Rs 405, driven by healthy on-ground demand visibility, improving branch productivity, and sustained RoA delivery.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
