Money Masters Leasing & Finance Limited

Financial Services — Credit Services · BSE

₹0.70₹0.00 (0.00%)

DalalBaazaar Score

65 / 100

🟢 Good

Verdict

NEUTRAL

Risk

Moderate

Driven by short-term liabilities exceed short-term assets, micro-cap size, which brings thin liquidity.

In simple words: The business is earning a fairly low return on the money invested in it, but sales are shrinking. Short-term liquidity is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:54 pm

Understanding the Business

Company site ↗

The 60-second version of Money Masters Leasing & Finance Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Money Masters Leasing & Finance Limited, a non-banking financial company, engages in leasing and finance business in India. The company offers hire-purchase loans for vehicles, auto rickshaws, equipment, and small-ticket assets.

IndustryCredit Services

SectorFinancial Services

Employees6

Annual revenue₹2 Cr

How does it make money?

Turns over ₹2 Cr a year. Of every ₹100 of sales, about ₹24 reaches shareholders as profit, with ₹65 left at the operating level before interest, tax and depreciation. Each of its 6 employees supports ₹25.2 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹25.2 lakh

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, STATE BANK OF INDIA, HDFC BANK LTD, ICICI BANK LTD.. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Not assessable from these ratios

For a lender, returns on capital are shaped by leverage and funding cost rather than by pricing power, so the usual financial signature of an advantage does not apply. Judge this one on deposit franchise, cost of funds and asset quality — none of which are in this data.

Peer median ROE16.5%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved -33% while net margin moved +8% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-33%

Margin effect+8%

DalalBaazaar Score

65/ 100

Good

Weighted across six categories. Every point is explained below.

✗ Revenue has contracted at 12.4% a year
✗ Profit has declined at 10.0% a year
✗ Latest-year revenue growth of -28.5% is below the longer-term trend — momentum is fading

Quality vs. Valuation

Company Quality

61/ 100

Average

How good the business is, ignoring the share price entirely.

Valuation

78/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

Historical Valuation

Current P/E

10.0x

3Y Median

17.5x

40 monthly readings · mean 709.1x · range 2.0x–3794.9x

Sector Median

17.0x

median of 4 sector peers

🟢Current valuation is approximately 43% below its 3y median of 17.5x. Cheaper than its own history, which is worth a reason too: the market may be pricing in something the backward-looking numbers do not show.

🟢Against its sector it trades 41% below the peer median of 17.0x.

vs. its own history

Cheap

17.5x median over 40 months · -43%

vs. sector peers

Cheap

17.0x median of 4 peers · -41%

vs. generic bands

Cheap

Below 15x

EV/EBITDA

20.9x

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention2

Return on capital is falling
ROCE has declined from 5.8% to 3.3% — often a sign of competition or overexpansion.
Short-term liquidity is tight
Current ratio of 0.12 — near-term obligations exceed near-term assets.

Red Flags

3 items require attention · 1 high · 2 watch

🔴Thin interest coverageFinancial
Operating profit covers interest only 1.9x — little room if earnings dip.
🟡Profit is decliningFinancial
Net profit is down 27% over 3 years.
🟡Margins are compressingFinancial
EBITDA margin is down 2.6 points over 3 years.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Priced below its own history
The stock trades 43% below its own median multiple. If the business performs as it has and simply re-rates back to normal, that gap is return on its own.
Cheaper than its peers
It trades 41% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 67.9% to 65.3%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 63%✓ 65.3%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Return on equity stays above 8%✗ 2.4%
For a lender this is the cleanest single read on whether the book is being grown profitably.
3Interest cover stays above 3x✗ 1.9x
How much operating profit can fall before interest stops being comfortably covered.
4Valuation vs its own median of 17.5x✓ 10.0x today
A re-rating above its own history needs a reason; without one it is just a higher price.

Investment Checklist

6 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✗ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

4 good · 4 neutral · 3 weak

Market Cap

₹7 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

10.0x

Cheap

Cheap against the generic band

P/B Ratio

0.43x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹0.07

Profitable

Profitable on a per-share basis

ROE

2.4%

Weak

Weak capital efficiency

ROCE

3.3%

Weak

Low return on total capital employed

Debt/Equity

0.91x

Moderate

Moderate leverage

Revenue Growth (YoY)

-28.5%

Shrinking

Sales are contracting

Profit Growth (YoY)

0.0%

Modest

Slow profit growth

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹1 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

27.7%

Good

Healthy core-business profitability

Net Margin

30.9%

Good

Strong bottom-line conversion

Current Ratio

0.12

Tight

Tight short-term liquidity

Beta (vs Nifty)

0.27

Defensive

Steadier than the market

52W Range Position

21%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

0.7 / 0.7

Bullish alignment (short > long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

46.9

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹2 Cr	₹2 Cr	₹2 Cr	₹2 Cr	-12.4%
EBITDA	₹2 Cr	₹1 Cr	₹1 Cr	₹1 Cr	-13.5%
EBITDA Margin	67.9%	65.5%	59.1%	65.3%	—
PAT (Net Profit)	₹0 Cr	₹1 Cr	₹1 Cr	₹0 Cr	-10.0%
EPS	₹0.05	₹0.68	₹0.05	₹0.04	-6.5%
ROE	3.5%	3.3%	3.3%	2.4%	—
ROCE	5.8%	4.7%	4.3%	3.3%	—
Total Debt	₹12 Cr	₹13 Cr	₹13 Cr	₹14 Cr	+5.6%
Free Cash Flow	₹1 Cr	₹1 Cr	₹1 Cr	₹1 Cr	-13.8%

🔴 Revenue has shrunk at 12.4% a year over 3 years.

🔴 EBITDA has shrunk at 13.5% a year over 3 years.

🔴 EBITDA Margin has fallen from 67.9% to 65.3% over 3 years (-2.6 pts).

🔴 PAT (Net Profit) has shrunk at 10.0% a year over 3 years.

🔴 EPS has shrunk at 6.5% a year over 3 years.

🔴 ROE has fallen from 3.5% to 2.4% over 3 years (-1.1 pts).

🔴 ROCE has fallen from 5.8% to 3.3% over 3 years (-2.5 pts).

🔴 Total Debt has grown at 5.6% a year over 3 years.

🔴 Free Cash Flow has shrunk at 13.8% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹31 Cr

Total Liabilities

₹15 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹1 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

51.3%

Peer Comparison

Company	P/E	ROE
BAJAJ FINANCE LIMITED	30.2x	17.8%
STATE BANK OF INDIA	10.3x	15.2%
HDFC BANK LTD	15.9x	13.8%
ICICI BANK LTD.	18.1x	16.5%

Recent News

1 positive5 general

Money Masters Leasing reports ₹35.67 lakh PAT in FY26, sets Aug 24 AGM

scanx.trade, 24 Aug

Money Masters Leasing & Finance Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 31 Aug

DJ Mediaprint & Logistics Ltd leads losers in 'B' group

Business Standard, 24 Aug

FX MULTITECH LTD. Stock/Share price , NSE/BSE Forecast News and Live Quotes

Equitymaster, 07 Oct

Money Masters Leasing AGM passes all resolutions with 99.99% vote support

scanx.trade, 24 Aug

Tata Power Company consolidated net profit rises 10.95% in the June 2026 quarter

Business Standard, 27 JulResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Watch Items

Revenue growth is negative (-28.5%) on the latest reported period — check if this is one-off or a trend.
This is a financial-sector business: borrowing is its raw material, not leverage in the usual sense. Debt/Equity and ROCE here aren't comparable to a manufacturer's — read them alongside NIM, GNPA and capital adequacy from the company's own disclosures.
Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

StrongBusiness Quality · Financial Health · Valuation

MiddlingProfitability · Risk

WeakGrowth

Points for each in the Score ↑

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 1 high-severity red flag sits above this conclusion and should be read first.

2 of 4 tripwires tripped — Return on equity stays above 8%; Interest cover stays above 3x · see Key things to watch ↑