MAS Financial Services Limited (MASFIN.NS) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.
⚠️ Financial ratios are only half the screen, and this verdict does not rest on them. Our business-activity screen classifies MAS Financial Services Limited under conventional finance, which is an excluded sector — so the verdict is non-compliant even though some ratios below pass. Business activity is a hard gate that ratio math never captures.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-03-31. MASFIN.NS files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: conventional_finance
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 196.09% | 30.00% | Fail |
| Interest-bearing investments | 30.92% | 30.00% | Fail |
| Non-permissible income | 14.91% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 75.08% | 33.00% | Fail |
| Interest-bearing investments | 11.84% | 33.00% | Pass |
| Non-liquid assets | 88.12% | at least 20.00% | Pass |
| Non-permissible income | 14.91% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 75.08% | 33.33% | Fail |
| Cash + interest-bearing securities | 11.84% | 33.33% | Pass |
| Accounts receivable | 11.88% | 33.33% | Pass |
| Non-permissible income | 14.91% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 75.08% | 33.33% | Fail |
| Cash + interest-bearing securities | 11.84% | 33.33% | Pass |
| Accounts receivable | 11.88% | 50.00% | Pass |
| Non-permissible income | 14.91% | 5.00% | Fail |
Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 202.05% | 33.00% | Fail |
| Cash + interest-bearing securities | 31.86% | 33.00% | Pass |
| Accounts receivable | 0.11% | 33.00% | Pass |
| Non-permissible income | 14.91% | 5.00% | Fail |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 207.44% | 33.00% | Fail |
| Cash + interest-bearing securities | 32.71% | 49.00% | Pass |
| Accounts receivable | 0.11% | 49.00% | Pass |
| Non-permissible income | 14.91% | 5.00% | Fail |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 207.44% | 33.33% | Fail |
| Cash + interest-bearing securities | 32.71% | 33.33% | Pass |
| Accounts receivable | 32.82% | 49.00% | Pass |
| Non-permissible income | 14.91% | 5.00% | Fail |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 46.30 | NEUTRAL |
| Stochastic %K (14) | 49.47 | NEUTRAL |
| CCI (20) | -59.80 | NEUTRAL |
| Williams %R (14) | -50.53 | NEUTRAL |
| MACD (12,26,9) | 0.13 | BUY |
| ROC (10) | 0.15 | BUY |
| Momentum (10) | 0.45 | BUY |
| EMA (10) | 294.98 | BUY |
| SMA (10) | 295.51 | BUY |
| EMA (20) | 297.69 | SELL |
| SMA (20) | 297.38 | SELL |
| EMA (30) | 300.20 | SELL |
| SMA (30) | 300.48 | SELL |
| EMA (50) | 303.72 | SELL |
| SMA (50) | 307.54 | SELL |
| EMA (100) | 307.79 | SELL |
| SMA (100) | 311.92 | SELL |
| EMA (200) | 310.02 | SELL |
| SMA (200) | 312.72 | SELL |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Financial Services · Credit Services
MAS Financial Services Limited, a non-banking finance company (NBFC), provides retail financing services for individuals and businesses in India. It operates through Financing Activities and Others segments. The company offers micro-enterprise, small and medium enterprise, business, two-wheeler, used car, salaried personal, commercial vehicle and property, and housing finance loans; project loans for real estate projects; loans to NBFCs; and loans against property. It also engages in insurance broking activities. MAS Financial Services Limited was incorporated in 1995 and is headquartered in Ahmedabad, India.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.