Master Trust Ltd

MASTERTR

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Market Cap

₹ 1,496 Cr

P/E

12.66

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Master Trust Ltd, formerly Arora Financial Consultants Ltd, provides corporate services and deals in shares and securities. It has a merchant banker status.

In 2011, Master Trust launched its flagship Portfolio Management Service (PMS), Master Quant 10, and algorithmic trading solutions, gaining a foothold in quantitative trading.

By 2017, the company expanded into Private Wealth Management, adding a new dimension to its service offerings in personalized financial advisory.

The company took strategic steps to diversify its product lineup with the launch of MPSL iRage Absolute Return in 2020-21, focusing on debt PMS products.

Master Trust has expanded its geographical reach and now operates in 24 states, signaling strong regional penetration.

Sector

Finance

Industry

NBFC-Others

Market Cap

1,496 Cr

Volatility

High Risk

P/E Ratio

12.7

Industry P/E

34.5

PEG Ratio

1.4

P/B Ratio

2.0

52W High

189.00

52W Low

100.50

Sales CAGR

16.67%

17.00%

19.66%

10Y

6.65%

Profit CAGR

21.43%

9.13%

55.19%

10Y

74.65%

ROE

TTM

15.68%

20.18%

19.09%

10Y

14.64%

ROCE

TTM

24.32%

28.65%

27.33%

10Y

22.26%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MUFIN	112.05	1,968 Cr	105.19	6.19	0.00	5.88	10.39	1.45
ARMANFIN	1519.05	1,569 Cr	—	1.80	0.00	-0.12	10.77	-0.05
MASTERTR	124.35	1,496 Cr	12.66	1.99	0.00	15.68	24.32	5.73
FINKURVE	105.00	1,445 Cr	73.45	9.14	0.00	12.49	15.44	12.24
ZSARACOM	12950.00	1,424 Cr	66.12	1.33	0.00	2.01	2.57	1.73
CIFL	35.54	1,403 Cr	—	2.09	0.06	-8.47	2.27	2.16
ASHIKA	307.50	1,374 Cr	—	2.57	0.00	0.00	0.00	—

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	92	120	124	164	160	154	148	122	132	127
Expenses	55	75	71	95	98	90	84	69	80	68
Interest	12	14	15	16	15	15	16	15	15	15
Financing Profit	26	32	38	53	46	50	48	38	37	44
Financing Margin %	27.59	26.23	30.41	32.11	28.97	32.26	32.71	31.16	28.13	34.95
Other Income	0.02	0.01	0.03	0.01	0.01	0.04	0.00	0.00	0.00	0.00
Depreciation	0.66	1.02	0.98	0.93	1.00	1.05	1.10	0.59	1.16	1.10
Profit Before Tax	25	31	37	52	45	49	47	37	36	43
Tax %	23.01	23.61	24.29	26.88	23.80	24.03	25.64	34.39	24.42	27.38
Net Profit	19	23	28	38	35	37	35	25	27	31
EPS in Rs	1.56	1.89	2.26	3.02	2.74	0.58	2.74	1.92	2.10	2.70
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	109	150	134	136	225	331	337	499	584	555
Expenses	85	122	100	103	161	222	219	297	341	322
Interest	15	19	13	18	19	35	33	56	61	60
Financing Profit	9.26	8.80	21	15	44	74	85	146	182	173
Financing Margin %	8.48	5.86	15.62	11.07	19.67	22.30	25.21	29.18	31.24	31.16
Other Income	1.43	7.02	0.00	0.00	0.00	0.00	2.38	1.91	0.06	NaN
Depreciation	1.91	2.81	1.48	1.60	1.32	1.97	2.62	3.59	3.74	3.90
Profit Before Tax	8.78	13	20	13	43	72	85	144	179	169
Tax %	33.56	22.54	14.28	8.39	19.89	23.29	22.21	24.85	26.57	26.86
Net Profit	5.83	10	17	12	34	55	66	108	131	124
EPS in Rs	0.47	0.66	1.08	1.03	2.79	4.49	5.36	8.74	7.98	9.45
Dividend Payout %	0.00	10.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	11	11	11	11	11	11
Reserves	160	166	174	196	203	245	289	354	493	627
Borrowings	85	74	69	69	104	95	97	162	187	258
Other Liabilities	172	213	237	298	240	435	631	706	1,093	1,057
Total Liabilities	428	464	491	574	557	786	1,028	1,233	1,785	1,953
Fixed Assets	10	8.98	8.21	10	10	9.95	12	14	15	15
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	32	19	15	6.69	6.09	15	19
Other Assets	418	455	483	531	528	761	1,009	1,213	1,755	1,919
Total Assets	428	464	491	574	557	786	1,028	1,233	1,785	1,953

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	54	52	-2.35	82	14	-24	-15	177	458	-37
Cash from Investing Activity	0.65	2.08	7.02	-18	19	12	5.99	-164	-493	54
Cash from Financing Activity	0.00	0.00	0.00	-1.31	0.00	0.00	0.00	0.00	25	18
Net Cash Flow	54	54	4.67	62	33	-13	-9.35	13	-9.79	35

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2023	Feb 2024	Mar 2024	Jun 2024	Aug 2024	Sep 2024	Nov 2024	Dec 2024	Mar 2025	Jun 2025	Aug 2025	Sep 2025
Promoters	74.83%	74.83%	74.83%	73.77%	72.49%	72.49%	72.49%	72.49%	72.49%	69.24%	71.93%	71.93%
FIIs	0.00%	0.00%	0.06%	0.02%	0.02%	0.07%	0.07%	0.02%	0.02%	0.15%	0.00%	0.00%
DIIs	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.05%
Public	25.11%	25.17%	25.11%	26.22%	27.48%	27.44%	27.44%	27.48%	27.49%	30.61%	28.02%	28.02%
Total Shareholders	3,782	4,043	4,146	4,425	4,885	6,396	7,439	9,842	10,349	10,176	10,057	10,163

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Oct 16, 2025	Sylph technologies limited	Bulk	Buy	135.83	8.15 Cr	5,99,698	0.48
Oct 16, 2025	Srestha finvest limited	Bulk	Buy	138.79	0.35 Cr	25,000	0.02
Oct 16, 2025	Srestha finvest limited	Bulk	Sell	132.07	8.35 Cr	6,32,398	0.51
Oct 16, 2025	Sylph technologies limited	Bulk	Sell	135.98	8.28 Cr	6,08,648	0.49
Oct 07, 2025	Sylph technologies limited	Bulk	Buy	138.91	9.90 Cr	7,12,919	0.57
Oct 07, 2025	Sylph technologies limited	Bulk	Sell	138.86	9.87 Cr	7,10,919	0.57
Oct 06, 2025	Share india securities limited	Bulk	Buy	135.10	1.36 Cr	1,00,981	0.08
Oct 06, 2025	Share india securities limited	Bulk	Sell	133.26	8.85 Cr	6,63,805	0.53
Sep 22, 2025	Srestha finvest limited	Bulk	Buy	142.02	9.43 Cr	6,63,917	0.53
Sep 22, 2025	Share india securities limited	Bulk	Buy	143.29	0.22 Cr	15,500	0.01

Projection

Actions

Action Type

‌
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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	92	120	124	164	160	154	148	122	132	127
Expenses	55	75	71	95	98	90	84	69	80	68
Interest	12	14	15	16	15	15	16	15	15	15
Financing Profit	26	32	38	53	46	50	48	38	37	44
Financing Margin %	27.59	26.23	30.41	32.11	28.97	32.26	32.71	31.16	28.13	34.95
Other Income	0.02	0.01	0.03	0.01	0.01	0.04	0.00	0.00	0.00	0.00
Depreciation	0.66	1.02	0.98	0.93	1.00	1.05	1.10	0.59	1.16	1.10
Profit Before Tax	25	31	37	52	45	49	47	37	36	43
Tax %	23.01	23.61	24.29	26.88	23.80	24.03	25.64	34.39	24.42	27.38
Net Profit	19	23	28	38	35	37	35	25	27	31
EPS in Rs	1.56	1.89	2.26	3.02	2.74	0.58	2.74	1.92	2.10	2.70
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	109	150	134	136	225	331	337	499	584	555
Expenses	85	122	100	103	161	222	219	297	341	322
Interest	15	19	13	18	19	35	33	56	61	60
Financing Profit	9.26	8.80	21	15	44	74	85	146	182	173
Financing Margin %	8.48	5.86	15.62	11.07	19.67	22.30	25.21	29.18	31.24	31.16
Other Income	1.43	7.02	0.00	0.00	0.00	0.00	2.38	1.91	0.06	NaN
Depreciation	1.91	2.81	1.48	1.60	1.32	1.97	2.62	3.59	3.74	3.90
Profit Before Tax	8.78	13	20	13	43	72	85	144	179	169
Tax %	33.56	22.54	14.28	8.39	19.89	23.29	22.21	24.85	26.57	26.86
Net Profit	5.83	10	17	12	34	55	66	108	131	124
EPS in Rs	0.47	0.66	1.08	1.03	2.79	4.49	5.36	8.74	7.98	9.45
Dividend Payout %	0.00	10.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	11	11	11	11	11	11
Reserves	160	166	174	196	203	245	289	354	493	627
Borrowings	85	74	69	69	104	95	97	162	187	258
Other Liabilities	172	213	237	298	240	435	631	706	1,093	1,057
Total Liabilities	428	464	491	574	557	786	1,028	1,233	1,785	1,953
Fixed Assets	10	8.98	8.21	10	10	9.95	12	14	15	15
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	32	19	15	6.69	6.09	15	19
Other Assets	418	455	483	531	528	761	1,009	1,213	1,755	1,919
Total Assets	428	464	491	574	557	786	1,028	1,233	1,785	1,953

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	54	52	-2.35	82	14	-24	-15	177	458	-37
Cash from Investing Activity	0.65	2.08	7.02	-18	19	12	5.99	-164	-493	54
Cash from Financing Activity	0.00	0.00	0.00	-1.31	0.00	0.00	0.00	0.00	25	18
Net Cash Flow	54	54	4.67	62	33	-13	-9.35	13	-9.79	35

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MUFIN	112.05	1,968 Cr	105.19	6.19	0.00	5.88	10.39	1.45
ARMANFIN	1519.05	1,569 Cr	—	1.80	0.00	-0.12	10.77	-0.05
MASTERTR	124.35	1,496 Cr	12.66	1.99	0.00	15.68	24.32	5.73
FINKURVE	105.00	1,445 Cr	73.45	9.14	0.00	12.49	15.44	12.24
ZSARACOM	12950.00	1,424 Cr	66.12	1.33	0.00	2.01	2.57	1.73
CIFL	35.54	1,403 Cr	—	2.09	0.06	-8.47	2.27	2.16
ASHIKA	307.50	1,374 Cr	—	2.57	0.00	0.00	0.00	—

Overview

Detailed Summary

Master Trust Ltd, formerly Arora Financial Consultants Ltd, provides corporate services and deals in shares and securities. It has a merchant banker status.

In 2011, Master Trust launched its flagship Portfolio Management Service (PMS), Master Quant 10, and algorithmic trading solutions, gaining a foothold in quantitative trading.

By 2017, the company expanded into Private Wealth Management, adding a new dimension to its service offerings in personalized financial advisory.

The company took strategic steps to diversify its product lineup with the launch of MPSL iRage Absolute Return in 2020-21, focusing on debt PMS products.

Master Trust has expanded its geographical reach and now operates in 24 states, signaling strong regional penetration.

Sector

Finance

Industry

NBFC-Others

Market Cap

1,496 Cr

Volatility

High Risk

P/E Ratio

12.7

Industry P/E

34.5

PEG Ratio

1.4

P/B Ratio

2.0

52W High

189.00

52W Low

100.50

Sales CAGR

16.67%

17.00%

19.66%

10Y

6.65%

Profit CAGR

21.43%

9.13%

55.19%

10Y

74.65%

ROE

TTM

15.68%

20.18%

19.09%

10Y

14.64%

ROCE

TTM

24.32%

28.65%

27.33%

10Y

22.26%

Master Trust Ltd

Master Trust Ltd

MASTERTR

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Investment Checklist

Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Technicals

Forecasts

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

AI Mode

AI Mode

Technicals

Forecasts

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Documents

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Projection

Shareholdings

Shareholding History

Market Transactions

Master Trust Ltd

MASTERTR

AI Mode

Peers

Price Chart Comparison

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

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Investment Checklist

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