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Master Trust Ltd

₹ 1070.71%
16 Jan – close price
🔗mastertrust.co.inâ€ĸBSE: 511768â€ĸNSE: MASTERTR
Market Cap₹ 1,319 Cr.
Current Price₹ 107
High / Low₹ 174
Stock P/E184
Book Value₹ 54.7
Dividend Yield0.00 %
ROCE3.24 %
ROE1.48 %
Face Value₹ 1.00
Sales₹ 21.2 Cr.
OPM92.5 %
Mar Cap₹ 1,319 Cr.

ABOUT

Incorporated in 1985, Master Trust Ltd isin the business of lending, sales /purchaseof securities and lands[1]

KEY POINTS

Memberships & Registrations:[1]a)Category-1 Merchant Bankerb)Depository participant of NSDLand CDSLc)Member of NCDEX and MCXd)Insurance Broker under the nameofM/S Master Insurance Brokers Ltde)Member of NSE and BSEf)Non Deposit Taking Non Banking Financial Company

Also present in buckets:
Aggressive Growth TriggersAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Billionbrains173.2366.29107003.820.00546.93-27.761216.0724.7862.574061.1562.311824.37546.9314.5420.170.05
2.Motil.Oswal.Fin.850.9525.2851174.050.59362.56-67.641849.11-34.9118.677769.8250.202024.23362.423.977.641.22
3.360 ONE1197.7041.1448421.251.00327.2818.381181.4851.4714.914011.7761.061177.03327.285.196.201.47
4.Nuvama Wealth1474.5026.1826846.611.96253.98-1.361134.717.7520.404411.5253.531025.60254.137.024.042.37
5.Angel One2752.2032.5025006.731.74268.66-4.551334.905.7625.804733.2033.00769.38268.664.307.780.77
6.IIFL Capital377.6020.0911747.460.7985.15-58.84572.08-11.3633.272309.1837.47584.8484.414.178.570.62
7.Anand Rathi Shar652.5037.764096.060.0037.8777.88248.1021.8921.26875.2739.24108.4837.873.133.500.93
8.Master Trust106.94184.411318.520.002.8313.206.1624.953.2421.1792.497.152.831.951.260.06
–Median: 32 Co.136.1421.241242.610.3213.53-24.4465.5-4.5418.3285.8436.1143.2713.792.086.230.21

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
2.943.022.274.185.344.257.235.024.935.065.014.946.16
Expenses
0.290.26-0.150.330.270.330.370.320.290.510.310.410.36
Operating Profit
2.652.762.423.855.073.926.864.704.644.554.704.535.80
Other Income
0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax
1.891.371.222.111.961.502.842.452.582.442.682.664.50
Tax %
2.12%-83.94%13.11%0.00%0.00%2.67%2.46%0.41%3.10%13.52%92.16%24.81%37.11%
Net Profit
1.852.521.062.111.961.462.772.442.502.110.212.002.83
EPS in Rs
0.170.230.100.190.180.130.250.220.220.190.020.180.23

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
15.3716.7210.564.5518.608.307.6813.9511.7710.6320.2919.3721.17
Expenses
2.431.776.511.4913.931.321.419.232.372.041.301.441.59
Operating Profit
12.9414.954.053.064.676.986.274.729.408.5918.9917.9319.58
Other Income
0.00-0.020.000.000.000.000.020.000.010.230.720.650.00
Interest
10.2610.733.712.272.814.855.332.853.814.0911.298.437.29
Depreciation
0.070.150.100.080.070.040.020.010.010.000.000.000.01
Profit before tax
2.614.050.240.711.792.090.941.865.594.738.4210.1512.28
Net Profit
2.183.670.050.591.831.850.811.695.585.688.307.267.15
EPS in Rs
0.200.340.000.050.170.170.070.160.510.520.760.650.62
Dividend Payout %
50.09%0.00%0.00%0.00%59.67%0.00%0.00%0.00%0.00%0.00%0.00%0.00%–

Compounded Sales Growth

10 Years:1%
5 Years:20%
3 Years:18%
TTM:-1%

Compounded Profit Growth

10 Years:7%
5 Years:55%
3 Years:9%
TTM:-22%

Stock Price CAGR

10 Years:40%
5 Years:84%
3 Years:62%
1 Year:-29%

Return on Equity

10 Years:2%
5 Years:2%
3 Years:2%
Last Year:1%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
10.9210.9210.9210.9210.9210.9210.9210.9210.9210.9210.9211.2712.35
Reserves
60.3063.9764.0164.6165.32166.67172.88207.73241.40293.89403.35554.34660.77
Borrowings
90.3866.1850.8725.7535.6336.8531.2240.5226.8541.7682.1785.3340.89
Other Liabilities
13.6411.1911.3910.977.0750.6840.8133.3943.822.981.421.242.91
Total Liabilities
175.24152.26137.19112.25118.94265.12255.83292.56322.99349.55497.86652.18716.92
Fixed Assets
0.620.440.350.910.230.581.441.931.620.980.790.790.79
Gross Block
1.391.321.331.341.351.742.472.972.591.891.701.70–
Accumulated Depreciation
0.770.880.970.431.121.161.031.040.970.910.910.92–
CWIP
0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments
23.1420.6419.6617.8832.06164.30171.28204.35225.25253.31334.04453.94508.61
Other Assets
151.48131.18117.1893.4686.65100.2483.1186.2896.1295.26163.03197.45207.52
Total Assets
175.24152.26137.19112.25118.94265.12255.83292.56322.99349.55497.86652.18716.92

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-2.14-3.32-6.94-0.902.692.27-2.48-2.57-31.18-1.591.04-22.19
Cash from Investing Activity
2.894.406.391.59-2.97-1.182.492.5731.131.61-26.003.81
Cash from Financing Activity
-1.09-1.090.000.000.00-1.110.000.000.000.0024.9418.38
Net Cash Flow
-0.34-0.01-0.550.70-0.27-0.020.010.00-0.050.02-0.020.00

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
0.000.000.000.000.000.000.000.000.000.000.000.00
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
0.000.000.000.000.000.000.000.000.000.000.000.00
Working Capital Days
1,007.131,048.501,741.704,275.71800.25-966.15-672.494.45301.12267.14188.7195.35
ROCE %
9.05%9.78%2.96%2.62%4.32%4.25%2.92%1.99%3.49%2.82%4.68%3.24%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
74.84%74.83%74.83%74.83%74.83%74.83%73.77%72.49%72.49%72.49%69.24%71.93%
FIIs
0.00%0.00%0.00%0.00%0.00%0.06%0.02%0.07%0.03%0.02%0.15%0.00%
DIIs
0.00%0.00%0.00%0.00%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.05%
Public
25.13%25.14%25.18%25.18%25.10%25.11%26.23%27.44%27.47%27.49%30.61%28.01%

* The classifications might have changed from Sep'2022 onwards.ℹī¸

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Master Trust Promoter Pledges 4.06% Shares for Subsidiary Loan

4th April 2026, 3:42 pm

Master Trust Limited Confirms SEBI Compliance on Share Dematerialization for Q4 FY26

3rd April 2026, 9:41 pm

Master Trust Ltd Promoter Disclosure: Shareholding and Encumbrance for FY26

2nd April 2026, 10:46 pm

Master Trust Limited: Promoters Pledge Shares for Subsidiary Loan

10th March 2026, 11:34 pm

Master Trust Promoters Pledge 4.88% Shares for Subsidiary Loan

10th March 2026, 11:33 pm

Published by Other Websites

External media mentions & references

Indian Shares Plunge Rs 4 Lakh Crore; Breakout Stocks Shine Amid Selloff

19th February 2026, 5:33 pm

India's Brokerage Shake-Up: Top Firms Brace for SEBI's New Rules - What Investors MUST Know!

22nd December 2025, 6:51 am

Master Capital Services Secures In-Principle SEBI Approval for Mutual Fund Business Expansion

17th November 2025, 1:50 pm

SEBI Mulls Extending Equity Derivative Contract Tenures, Market Reacts

21st August 2025, 8:15 pm

Master Trust Promoters Pledge 5 Million Shares as Collateral for Subsidiary Loans

5th August 2025, 4:54 pm

News Articles

Editorial & research coverage

India's Brokerage Shake-Up: Top Firms Brace for SEBI's New Rules - What Investors MUST Know!
India's Brokerage Shake-Up: Top Firms Brace for SEBI's New Rules - What Investors MUST Know!

22nd December 2025, 6:51 am

Master Capital Services Secures In-Principle SEBI Approval for Mutual Fund Business Expansion
Master Capital Services Secures In-Principle SEBI Approval for Mutual Fund Business Expansion

17th November 2025, 1:50 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

6 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December, 2025 received from RTA of the Company i.e. Skyline â€Ļ

Closure of Trading Window
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - INTIMATION OF IN-PRINCIPLE APPROVAL FROM SEBI FOR SPONSORING/SETTING UP OF MUTUAL FUND

13 Nov 2025 - Master Capital Services Ltd received SEBI in-principle approval (Nov 11, 2025) to sponsor/setup mutual fund.

Announcement under Regulation 30 (LODR)-Newspaper Publication

8 Nov 2025 - Newspaper Publication on 08.11.2025 regarding Un-Audited Financial results for the quarter and half-year ended 30.09.2025

GLIMPSE OF FINANCIAL PERFORMANCE AND HIGHLIGHTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025

6 Nov 2025 - Glimpse of financial performance and highlights for Q2/H1 ended Sept 30, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

No credit ratings.

Concalls

No concalls.

Stock Analysis

Description

  1. Incorporated in 1985, Master Trust Ltd is in the business of lending, sales /purchase of securities and lands. It is also registered as a Category-1 Merchant Banker, Depository Participant of NSDL and CDSL, and an Insurance Broker.

Key Growth Triggers

  1. Subsidiary Master Capital Services Limited received in-principle approval from SEBI to sponsor and set up a Mutual Fund AMC, a significant diversification move.
  2. Launch of the 'Agnik' mobile app and expansion of merchant banking portfolio.
  3. Strong consolidated revenue and PAT growth reported for FY25, with a direct listing on NSE and strategic digital platform launches.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Consolidated revenue and PAT declined year-on-year for Q2 and H1 FY26.
  2. Standalone PAT for H1 FY26 also saw a minor decline.
  3. Historical company data indicates contingent liabilities of ₹510 Cr.

Key Dates To Watch

  1. November 6, 2025: Board meeting to approve unaudited standalone and consolidated Q2 and H1 FY26 financial results.
  2. February 2026 (Expected): Board meeting to approve Q3 FY26 financial results.

Corporate Announcements

4th Apr 26
Impact Rating: 4
Master Trust Limited promoter Harjeet Singh Arora has disclosed encumbrance of 50,00,000 equity shares (4.06% of capital) as collateral for loans to its subsidiary from ICICI Bank.
3rd Apr 26
Impact Rating: 6
Master Trust Limited has received confirmation from its registrar, Skyline Financial Services, regarding the dematerialization of physical share certificates for the quarter ended March 31, 2026.
2nd Apr 26
Impact Rating: 8
Master Trust Ltd promoters submitted their annual SEBI shareholding disclosure for FY26, confirming no new pledges beyond previous disclosures for Harjeet Singh Arora and Rajinder Kumar Singhania.
10th Mar 26
Impact Rating: 6
Master Trust Limited promoters disclosed encumbrance of 20,00,000 equity shares each (total 40,00,000 shares). This serves as collateral for loans obtained by its wholly-owned subsidiary, Master Capital Services Limited, from ICICI Bank.
10th Mar 26
Impact Rating: 7
Promoters Harjeet Singh Arora and Rajinder Kumar Singhania of Master Trust Limited have pledged 30,00,000 equity shares each, amounting to 4.88% of total share capital, to ICICI Bank as collateral for loans taken by the company's subsidiary.