Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1 Oct - Grant of 3,15,100 stock options under "Master Trust Limited Employee Stock Option Plan 2025"
Source: Bse
Master Trust Limited (MASTERTR)
Small CapFinancial Services stocks · Small cap · NSE
Master Trust Limited operates in Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹77.26
-3.74 · -4.62%
Market cap ₹998 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:13 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
29Bearishfull bear SMA stack · SMA20 -3.9% / mo · MACD −
Stock trend: 19
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MASTERTRD candles · FIT view+4.9%Latest close ₹77.26 on 2026-10-19
Bar
-5.3%
RSI
33
MACD hist
-0.45
52W pos
26%
2026-10-19O ₹81.55H ₹81.55L ₹75.75C ₹77.26Vol 2.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MASTERTRNifty Financial ServicesNifty 500
- MASTERTR
- -10.4%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -4.8 pp
Chart stats
19 Oct 2026- From 52W high
- -48.5%
- 52W range position
- 23%
- ATR (14)
- 5.2%
- Volume vs 20D
- 0.62x
- Avg traded value
- ₹3.3 Cr
- 20D price channel
- ₹75.8 - ₹91.3
₹149.9
₹55.6 - ₹149.9
₹4
Latest completed session
20-session average
26.4% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.
Strong U-Score but weak trend: timing is not confirming the thesis.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · DEEP VALUE78
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good70
Revenue +13.6% · PAT +29.6% YoY
Technical
Bearish29
Price trend and sector-relative-strength timing.
Valuation
Legacy model+72.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence68
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 70/100Rev +14% YoY · PAT +30% YoY · margin expansion · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹150 Cr | +13.6% | -17.1% |
| EBITDA | ₹62 Cr | +19.2% | -3.1% |
| Operating margin | 41.0% | +200 bps | +600 bps |
| PAT | ₹35 Cr | +29.6% | -2.8% |
| PAT margin | 23.3% | +288 bps | +344 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.47
- P/B
- 1.22
- EV/EBITDA
- 4.90
- Market Cap
- 998.00Cr
Profitability
- ROE
- 17.30%
- ROCE
- 23.80%
- ROA
- 5.97%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 30.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 24.00%
Balance Sheet
- Debt/Equity
- 0.28
- Interest Coverage
- 4.17×
- Altman Z
- 1.68
- Book Value
- 66.40
Cash Flow
- FCF Yield
- 1.60%
- FCF Positive Y
- 8/5
- OCF
- 341.00 Cr
- EPS TTM
- 10.86
Shareholding
- Promoter Hold
- 71.93%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 27%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 150-17.1% vs prev
Net Profit
₹ CrLatest: 35.0-2.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 33.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.1% over last month) — short-term momentum negative.
- RSI(14) at 33 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 44% off 52W high · 39% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
25
RS percentile
Stage 1 Base / Transition
1M return
-13.9%
3M return
-10.4%
6M return
+0.5%
1Y return
-43.2%
RS 1D
-4
RS 20D
-21
Sector rank
#10
Industry rank
#47
Stage evidence
- Price is within 4.7% of the 30-week proxy.
- The 30-week proxy changed +0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 57.32-3.63%
RS vs Nifty 50057
Valuation & peers
U-Score 78 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 78 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation29/30
Growth22/25
Quality11/20
Balance Sheet6/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
78
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
78/100 · legacy band DEEP VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 72.1%.
- Valuation contributes 29/30 to the score.
Main drags
- Altman Z is 1.7, in distress territory.
- Balance sheet is weaker at 6/15; verify the latest quarterly trend.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
7.5
PB
1.2
EV/EBITDA
4.9
ROE
17.3%
ROCE
23.8%
FCF Yield
1.6%
Debt/Equity
0.3
MoS
+72.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
78
Previous: 78
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+72.1%
Previous: +72.1%
Score history
12 stored score snapshots. Latest stored move: +2 points.
20 Oct 2026
v4.3-runtime-valuation
76
76
76
76
76
76
76
76
76
76
76
78
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹127.38
+39.3% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹276.93
+72.1% MoS
PEG
0.27
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
LAXMIINDIA
Small
Laxmi India Finance Limited
NBFC / Capital Markets / Insurance
match 154
54
11.0
13.8%
+62%
FAIR VALUE
MANBA
Small
Manba Finance Limited
NBFC / Capital Markets / Insurance
match 154
41
14.2
11.6%
+42%
WATCHLIST
VLSFINANCE
Small
VLS Finance Limited
NBFC / Capital Markets / Insurance
match 153
30
15.6
0.9%
-1130%
OVERVALUED
NAHARCAP
Small
Nahar Capital and Financial Services Limited
NBFC / Capital Markets / Insurance
match 152
53
3.3
4.0%
+58%
FAIR VALUE
SAHLIBHFI
Small
Shalibhadra Finance Limited
NBFC / Capital Markets / Insurance
match 150
51
12.0
11.9%
+54%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Master Trust Limited operates in Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
68Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 69th percentile within Financial Services. Main check: balance sheet trust is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
56th percentile
overall median 67 · Financial Services: 69th pctile, median 62 · Small: 60th pctile, median 66
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 71.9%.
- ▸Promoter pledge is zero.
- ▸8 years of positive FCF.
- ▸ROCE is 23.8%.
Trust risks
- ▸Altman Z is 1.72.
- ▸ROCE trend is -5.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Master Trust Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep - Newspaper Publication of Notice of 41st Annual General Meeting of the Company
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Aug
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.