MASTER TRUST LIMITED·Financial Services Companies·Capital Markets Companies

Price

84.99

+8.96%
O:78.64
H:88.51
L:78.64
C:84.99

52W Range

55.6166.89
+53%/-49%

Market Cap

₹1,045.51 Cr

Traded: ₹30.31 Cr (2.90%) 0.0x

Free Float: ₹251.97 Cr (12.03% of FF traded)

Volume · 60D trend

35.31 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+3% 3M:+8% 6M:+9% 12M:-29%

Valuation

P/E7.8
P/B1.3
P/S1.8
EV/EBIT0.9

Business Strength

ROE23.0%
ROCE30.1%
OPM41.6%
NPM22.4%

Growth (3Y CAGR)

EPS+17.7%
Sales+21.0%
Profit+33.0%
3Y Return+44.0%

Balance Sheet

Debt/Equity0.2
Debt163 Cr
Pledge6.8%
CWIP/Fixed Asset0.0%

Cash Position

CFO/NP-28.2%
FCF-40.3 Cr
FCF 3Y Avg585 Cr
Cash/MCap144.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle100 days
Tradeable Free Float24.1%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 12.44 Cr
4.94% FF
60d high
₹ 14.11 Cr
60d low
₹ 10.73 Cr
60d mean
₹ 12.32 Cr
vs mean
▲ 1.02%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
+16.0%
+21.0%
+23.0%
--
--
Accelerating
Sales
+18.0%
+34.0%
+21.0%
--
-17.0%
Decelerating
Profit
+30.0%
+61.0%
+33.0%
--
-21.0%
Decelerating
Return
+35.0%
+65.0%
+44.0%
-29.0%
--
Decelerating

Quarterly Results

Jun 2026

4 Aug
Rev
150 Cr
+14% YoY--
OPM41.0%
NPM--
PAT
--35 Cr
EPS
--2.8

Mar 2026

12 May
Rev
181 Cr
+48% YoY+32% QoQ
OPM35.0%
NPM19.9%
PAT
+47% YoY36 Cr
EPS
+34% YoY2.9

Dec 2025

11 Feb
Rev
137 Cr
-8% YoY+8% QoQ
OPM45.0%
NPM23.4%
PAT
-10% YoY32 Cr
EPS
-18% YoY2.6

Sep 2025

PDF
Rev
127 Cr
-17% YoY-4% QoQ
OPM47.0%
NPM24.4%
PAT
-15% YoY31 Cr
EPS
-22% YoY2.5

Jun 2025

PDF
Rev
132 Cr
-18% YoY+8% QoQ
OPM39.0%
NPM20.4%
PAT
-22% YoY27 Cr
EPS
-23% YoY2.4

Mar 2025

PDF
Rev
122 Cr
-26% YoY-18% QoQ
OPM43.0%
NPM20.5%
PAT
-35% YoY25 Cr
EPS
-37% YoY2.2

Dec 2024

PDF
Rev
148 Cr
+20% YoY-4% QoQ
OPM43.0%
NPM23.6%
PAT
+27% YoY35 Cr
EPS
+23% YoY3.1

Sep 2024

PDF
Rev
154 Cr
+28% YoY-4% QoQ
OPM42.0%
NPM24.0%
PAT
+58% YoY37 Cr
EPS
+53% YoY3.3

Jun 2024

PDF
Rev
160 Cr
+74% YoY-2% QoQ
OPM39.0%
NPM21.9%
PAT
+81% YoY35 Cr
EPS
+78% YoY3.1

Mar 2024

PDF
Rev
164 Cr
+80% YoY+32% QoQ
OPM42.0%
NPM23.2%
PAT
+127% YoY38 Cr
EPS
+127% YoY3.5

Dec 2023

PDF
Rev
124 Cr
+42% YoY+3% QoQ
OPM42.0%
NPM22.6%
PAT
+48% YoY28 Cr
EPS
+48% YoY2.5

Sep 2023

PDF
Rev
120 Cr
+47% YoY+30% QoQ
OPM38.0%
NPM19.2%
PAT
+37% YoY23 Cr
EPS
+36% YoY2.1

Jun 2023

PDF
Rev
92 Cr
+16% YoY+1% QoQ
OPM40.0%
NPM20.6%
PAT
+42% YoY19 Cr
EPS
--1.8

Mar 2023

Rev
91 Cr
--+5% QoQ
OPM36.0%
NPM18.7%
PAT
+18% YoY17 Cr
EPS
--1.5

Dec 2022

Rev
87 Cr
--+6% QoQ
OPM37.0%
NPM21.8%
PAT
+42% YoY19 Cr
EPS
--1.7

Sep 2022

Rev
82 Cr
----
OPM37.0%
NPM20.7%
PAT
+8% YoY17 Cr
EPS
--1.6

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.22
Interest Coverage-6.2x
Promoter Pledge6.8%
Borrowings163 Cr

Efficiency

Receivable Days100 days
Inventory Days days
Payable Days days
Cash Conversion cycle100 days

Cash Position

Operating Cash Flow-37 Cr
Investing Cash Flow54 Cr
Financing Cash Flow18 Cr
Free Cash Flow-40 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sep 2022
Sales15018113712713212214815416016412412092918782
Expenses881177668806984909895717555585551
Operating Profit62646159525364646269534637333230
OPM %41.0%35.0%45.0%47.0%39.0%43.0%43.0%42.0%39.0%42.0%42.0%38.0%40.0%36.0%37.0%37.0%
Other Income0000000000000000
Interest151415151515161515161514121088
Depreciation1111111111111111
Profit Before Tax46494543363747494552373125222322
Tax %25.0%26.0%29.0%27.0%24.0%34.0%26.0%24.0%24.0%27.0%24.0%24.0%23.0%23.0%19.0%23.0%
Net Profit35363231272535373538282319171917
Exceptional Items--------------------------------
EPS (Rs)2.82.92.62.52.42.23.13.33.13.52.52.11.81.51.71.6
Sales Growth (YoY)13.8%48.1%-7.5%-17.5%-17.9%-25.7%19.6%27.8%73.5%80.3%42.0%47.4%16.4%------
Sales Growth (QoQ)--32.1%7.9%-3.8%8.2%-17.6%-3.9%-3.8%-2.4%32.3%3.3%30.4%1.1%4.6%6.1%--
OP Growth (YoY)19.2%20.8%-4.7%-7.8%-16.1%-23.2%20.8%39.1%67.6%109.1%65.6%53.3%--------
OP Growth (QoQ)-3.1%4.9%3.4%13.5%-1.9%-17.2%0.0%3.2%-10.1%30.2%15.2%24.3%12.1%3.1%6.7%--
Profit Growth (YoY)--46.9%-10.3%-14.9%-21.8%-35.2%26.7%58.1%81.0%127.5%48.0%36.8%42.4%17.9%41.7%7.7%
EPS Growth (YoY)--33.8%-18.2%-22.3%-23.3%-37.1%22.8%53.3%78.4%127.5%48.3%36.3%--------
EPS Growth (QoQ)--14.4%0.4%5.8%10.1%-30.0%-4.6%4.5%-9.8%36.5%19.2%21.6%15.0%-11.1%9.6%--
OP Margin--35.4%44.5%46.5%39.4%43.4%43.2%41.6%38.8%42.1%42.7%38.3%40.2%36.3%36.8%36.6%
Net Margin--19.9%23.4%24.4%20.4%20.5%23.6%24.0%21.9%23.2%22.6%19.2%20.6%18.7%21.8%20.7%
Material Cost %--------------------------------
Employee Cost %19.8%26.5%17.2%16.0%17.6%17.3%14.4%12.7%15.2%13.4%18.3%19.7%19.4%15.9%16.8%15.3%
P/S1.761.791.982.05------------------------
P/E7.838.048.588.59------------------------
P/B1.281.271.361.44------------------------

Shareholding Pattern

Shareholders:12.4K (+316.5%)
Current MixDec 2025

Exchange Filings

50
Company Update21 Aug 2026

Announcement under Regulation 30 (LODR)-Analysts / Investors Meet to be held on 27.08.2026 at 03:00 PM in virtual mode

Insider Trading / SAST12 Aug 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 11, 2026 for Harjeet Singh Arora ....

Insider Trading / SAST11 Aug 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 11, 2026 for Harjeet Singh Arora & Others

Company Update06 Aug 2026

REG 47 dISCLOSURE FOR nEWSPAPER PUBLICATION

Board Meeting04 Aug 2026

OUTCOME OF BOARD MEETING OF THE MASTER TRUST LIMITED HELD ON 04.08.2026

Board Meeting27 Jul 2026

Master Trust Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Intimation of Board Meeting to ....

Company Update14 Jul 2026

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30.06.2026, received from M/s. Skyline Financial services Private Limited, ....

Insider Trading / SAST30 Jun 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Rajinder Kumar Singhania

Insider Trading / SAST30 Jun 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Harjeet Singh Arora

Insider Trading / SAST30 Jun 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Harjeet Singh Arora

Insider Trading / SAST30 Jun 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 30, 2026 for Harjeet Singh Arora ....

Insider Trading / SAST24 Jun 2026

Intimation regarding Closure of Trading Window

Company Update28 May 2026

Annual Secretarial Compliance Report as on 31st March, 2026

Company Update16 May 2026

Grant of 9,45,200 stock options under "Master Trust Limited Employee Stock Option Plan 2025 (the "ESOP 2025") to the eligible employees.

Company Update14 May 2026

Publication of Audited Financial Results for the quarter and financial year ended 31.03.2026 in Desh Sewak (Punjabi) and Business Standard (English) on 14.05.2026.

Others12 May 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update12 May 2026

Re-appointment of M/s. Romesh K. Aggarwal & Associates, Chartered Accountants as Internal Auditor for the FY 2026-27

Company Update12 May 2026

Please find attached the Glimpse of Audited Financial Results for the Quarter and Year Ended 31.03.2026

Company Update12 May 2026

Please find attached the Unmodified Opinion of the Auditor''s on the Audited Financial Results (Standalone and Consolidated) of the Company for the Financial Year ended 31.03.2026

Board Meeting12 May 2026

Pursuant to Regulation 33, Regulation 52 and Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 (Listing Regulations), as amended from time to ....

Company Update07 May 2026

Receipt of Listing Approval of 30,000 Non-Convertible Debentures (NCDs) on Debt Segment from NSE vide NSE letter dated 07.05.2026 bearing ref. no. NSE/LIST/10553 by wholly owned subsidiary ....

Board Meeting06 May 2026

Master Trust Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2026 ,inter alia, to consider and approve Audited Financial Results for ....

Insider Trading / SAST04 Apr 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 02, 2026 for Harjeet Singh Arora ....

Company Update03 Apr 2026

Compliance Certificate under Regulation 74 (5) of the SEBI (DP Regulations, 2018 received from RTA of the Company i.e. Skyline Financial Services Private Limited

Company Update02 Apr 2026

Declaration under Reg. 31(4) of the SEBI (SAST) Regulations, 2011

Insider Trading / SAST24 Mar 2026

INTIMATION REGARDING CLOSURE OF TRADING WINDOW W.E.F. 01.04.2026 TILL THE END OF 48 HOURS AFTER THE PUBLICATION OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND FINANCIAL YEAR ENDED 31.03.2026.

Insider Trading / SAST10 Mar 2026

The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 10, 2026 for Rajinder Kumar Singhania

Insider Trading / SAST10 Mar 2026

The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 10, 2026 for Harjeet Singh Arora

Company Update05 Mar 2026

Intimation regarding issuance of Non convertible debentures by wholly owned subsidiary of the company i.e. Master Capital Services Limited

Insider Trading / SAST18 Feb 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 18, 2026 for Harjeet Singh Arora

Insider Trading / SAST18 Feb 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 18, 2026 for Rajinder Kumar Singhania

Board Meeting11 Feb 2026

Un-audited financial results for the Quarter and Nine months ended 31.12.2025

Company Update11 Feb 2026

Glimpse of Results 31.12.2025

Board Meeting03 Feb 2026

Master Trust Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2026 ,inter alia, to consider and approve Un-Audited Financial Results (Standalone ....

Company Update20 Jan 2026

STATUS OF REQUEST RECEIVED UNDER THE SPECIAL WINDOW FOR PHYSICAL SHARE TRANSFER - NO REQUEST RECEIVED

Company Update06 Jan 2026

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 Financial ....

Insider Trading / SAST24 Dec 2025

Intimation of closure of Trading window for the quarter and nine months ended 31.12.2025

Company Update13 Nov 2025

We are pleased to inform that wholly owned subsidiary of the Company i.e. MASTER CAPITAL SERVICES LIMITED has received an in principal approval from the SEBI for setting up of Mutual Fund

Company Update08 Nov 2025

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

Company Update06 Nov 2025

Glimpse of Financial Performance for quarter and half year ended 30.09.2025

Board Meeting06 Nov 2025

Outcome of Board Meeting held on 06.11.2025

Board Meeting27 Oct 2025

Master Trust Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2025 ,inter alia, to consider and approve 1. To consider, approve and take ....

Company Update18 Oct 2025

Certificate received from RTA under regulation 74(5)

AGM/EGM03 Oct 2025

Disclosure of Scrutinizer Report and Voting Results of Annual General Meeting of the Company

Company Update03 Oct 2025

APPOINTMENT OF SECRETARIAL AUDITOR

AGM/EGM30 Sept 2025

PROCEEDINGS OF ANNUAL GENERAL MEETING OF THE COMPANY HELD ON 30.09.2025

Company Update04 Sept 2025

News-paper publication in Desh Sewak (Punjabi) and Financial Express (English) on 04.09.2025, in respect of 40th Annual General Meeting and remote e-voting information.

Others03 Sept 2025

40TH ANNUAL REPORT FOR THE FINANCIAL 2024-25.

Company Update02 Sept 2025

REGISTER OF MEMBERS AND SHARE TRANSFER BOOK TO BE CLOSED FROM 25.09.2025 TO 30.09.2025 (BOTH DAYS INCLUSIVE)

Company Update02 Sept 2025

REMOTE EVOTING FOR THE PURPOSE OF 40TH ANNUAL GENERAL MEETING OF MASTER TRST LIMITED WILL START FROM 25.09.2025 (10.00 am) TILL 29.09.2025 (5.00 PM).

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011