Security Name: 8.90% MAS Financial Services Limited 28 Nov 2027
ISIN: INE348L07340
Taxable
Tax Category
28 Nov, 2027
Maturity Date
(1 Yr 9 Mo to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
28 Nov, 2025
Allotment Date
NA
Put Date
28 Mar, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.9%
Coupon
Fixed Interest
Coupon Basis
8.8330%
Current Yield
13 Mar, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Risk gauge from Low to High Safety. Needle points between Medium and High Safety. Credit rating is AA - (CARE).
| Rating agency | Rating | Needle position |
|---|---|---|
| CARE | AA - | between Medium and High Safety |
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
LIQUIDITY INDICATOR #
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Transaction Count
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Volume Traded
as on -- (in Lakhs)
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Transaction Count
(since 3 months)
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Volume Traded
(since 3 months) (in Lakhs)
# Data points from
# Updates every 15 minutes during market hours
# Last Updated: --
ISSUER
MFSL was incorporated in 1995 by Kamlesh Gandhi and late Mukesh Gandhi. The company was registered as an NBFC in 1998 with the RBI. It was initially engaged in the lending of two-wheeler and ME loans, and later, forayed in CV loans, SME loans, salaried personal loans, and housing loans. In 2008, MFSL floated a subsidiary, MRHMFL, a non-deposit taking, National Housing Bank (NHB) registered HFC, which provides housing loans to the low-income group segment in rural and semi-urban areas. MFSL’s lending activities are carried out by it directly through its own network of 204 branches at a standalone level as on March 31, 2025.
The ratio in FY25 is 7.38x as compared to 7.11x in FY24, indicating slight increase in the debt level due to increase in the borrowings of the issuer.
Debt/EBITDA
The ratio in FY25 is 1.57x and it was 1.54x in FY24, indicating slight increase in the debt servicing ability of the issuer due to strong AUM growth, healthy capitalisation, and a cautious approach to lending.
Interest coverage ratio
Recent News
Sep 18, 2024 | MAS Financial Services Limited
Nov 28, 2024 | MAS Financial Services Limited
Aug 11, 2025 | MAS Financial Services Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, send a request for the Information Memorandum. You will receive an email shortly.
To read about the reasons for the ratings assigned to the Bond, send a request for the Rating Rationale. You will receive an email shortly.
Principal Amount
Accrued Interest from
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
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Total Investment
| Cashflow for INE348L07340 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.90% MAS Financial Services Limited 28 Nov 2027 |
| Credit Rating |
|---|
| AA - by CARE |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹10,000 |
| Coupon |
|---|
| 8.900000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 28/11/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 26,2026 |
| Principal Amount |
|---|
| ₹10,075.85 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹10,075.85 |
| Price |
|---|
| ₹100.7585 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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