
About Master Trust Limited
Data last updated:
Master Trust Limited is a public limited company based in Ludhiana, Punjab, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 20 August 1985, the company has been in operation for over 41 years.
Registered with ROC Chandigarh under CIN L65991PB1985PLC006414. Listed on BSE: 511768.
Capital: an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.3 Cr. Formerly known as Arora Financial Consultants Private Limited. It is led by directors including Anil Kumar and Harneesh Kaur Arora.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Master Chambers 19 3Rd Floor Feroze Gandhi Market, Ludhiana, Punjab, India – 141001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹575.85 Cr, a decline of 1.38% compared to the previous year.
The company has a workforce of approximately 1 employees as per the latest available data. Its group structure includes 6 subsidiaries.
The company is associated with 1 brand - Master Trust. As per MCA filings, the company has open charges of ₹9.5 Cr and satisfied charges of ₹98 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mastertrust.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMaster Chambers 19 3Rd Floor Feroze Gandhi Market, Ludhiana, Punjab, India – 141001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Master Trust
Master Trust has one previous CIN (Corporate Identification Number): U65991PB1985PLC006414. The current CIN is L65991PB1985PLC006414, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65991PB1985PLC006414 | Current |
| U65991PB1985PLC006414 | Previous |
Associated Brands with Master Trust
Master Trust operates one associated brand: Master Trust. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified investment management services are offered to various clients. | mastertrust.co.in |
Competitors & Alternatives of Master Trust
Brands and companies operating in the same space as Master Trust Limited include Fidelity Investments, Manappuram Finance, L & T Finance Holdings and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
| | Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | Boston, United States, United States | 1946 |
| | Consumer and SME loans are provided by Manappuram Finance. | Valapad, India, India | 1992 |
| | Diversified lending services are provided as a non-banking financial institution. | Mumbai, India, India | 1994 |
| | Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
| | Household and business loans are provided with risk management support. | Chennai, India, India | 2006 |
| | Online gold, home, personal, and business loans are provided. | Mumbai, India, India | 1995 |
| | Mutual funds, portfolio management, and retirement planning services are offered. | Mumbai, India, India | 2001 |
| | Consumer and SME loans are provided by Mahindra Finance. | Mumbai, India, India | 1991 |
| | 2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | Delhi, India, India | 1991 |
| | Collateral-free loans are provided to MSMEs for business operations. | Bengaluru, India, India | 2011 |
Business Activity of Master Trust
The main business activity of Master Trust is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Master Trust Limited
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Master Trust
Master Trust Limited is audited by C.S.ARORA & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C.S.ARORA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Master Trust Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Master Trust Limited
Master Trust has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Also directs: Vardhman Acrylics Limited, Shivganga Drillers Limited, Hero Ecotech Limited and 1 more | Director | 28 Aug 2024 | 2 Years 1 Months | Current |
| Harneesh Kaur Arora | Director | 27 Nov 1998 | 27 Years 10 Months | Current |
| Sudhir Kumar Also directs: Our Broking Services LLP | Director | 28 Aug 2024 | 2 Years 1 Months | Current |
| Rajiv Kalra Also directs: Arisudana Industries Limited | Director | 30 Jun 2020 | 6 Years 3 Months | Current |
| Gurmeet Singh Chawla Also directs: Master Capital Services Limited, Master Insurance Brokers Limited, Master Portfolio Services Limited and 3 more | Director | 27 Nov 1998 | 27 Years 10 Months | Current |
| Ravinder Singhania | Director | 04 Aug 2023 | 3 Years 1 Months | Current |
Financials of Master Trust Limited FY 2025-26 filings available
Master Trust Limited reported revenue of ₹575.85 Cr (down 1.38% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 576 | 584 | 500 | 339 | 331 | 225 | 136 |
| Revenue growth | -0.3% | +14.9% | +35.3% | -1.4% | +37.7% | +56.7% | +2.8% |
| EBITDA | 236 | 243 | 204 | 120 | 109 | 63.38 | 32.83 |
| EBITDA margin | +41.0% | +41.6% | +40.7% | +35.4% | +32.9% | +28.2% | +24.2% |
| Profit before tax | 172 | 179 | 144 | 84.69 | 71.93 | 42.90 | 13.44 |
| Net profit | 126 | 131 | 108 | 65.88 | 55.17 | 34.37 | 12.31 |
| Net profit margin | +21.9% | +22.5% | +21.6% | +19.4% | +16.7% | +15.3% | +9.1% |
| EPS (₹) | 10.60 | 11.64 | 49.48 | 30.16 | 25.26 | 15.73 | 5.64 |
| Balance sheet | |||||||
| Total assets | - | 898 | 693 | 529 | 397 | 351 | 319 |
| Net worth | - | 638 | 504 | 365 | 300 | 256 | 214 |
| Total debt | - | 258 | 187 | 162 | 96.70 | 95.06 | 104 |
| Cash & bank | - | 1,471 | 1,493 | 1,015 | 836 | 576 | 328 |
| Net working capital | - | 714 | 582 | 415 | 314 | 250 | 205 |
| Cash flow | |||||||
| Cash from operations | - | (37.08) | 458 | 177 | (15.34) | (24.48) | 14.12 |
| Cash from investing | - | 53.73 | (493) | (164) | 5.99 | 11.72 | 18.97 |
| Cash from financing | - | 18.38 | 24.94 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 181 | 137 | 127 | 132 | 122 | 148 | 154 |
| Revenue growth (YoY) | +13.8% | +48.1% | -7.6% | -17.5% | -17.9% | -25.7% | +19.6% | +27.8% |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 61.83 | 64.01 | 61.05 | 59.30 | 51.81 | 52.84 | 64.18 | 64.16 |
| EBITDA margin | +41.3% | +35.4% | +44.7% | +46.7% | +39.4% | +43.3% | +43.4% | +41.7% |
| Depreciation | 1.04 | 1.01 | 1.05 | 1.10 | 1.16 | 0.59 | 1.10 | 1.05 |
| Interest | 14.55 | 14.27 | 15.36 | 14.96 | 14.78 | 14.83 | 15.81 | 14.55 |
| Profit before tax | 46.24 | 48.73 | 44.64 | 43.24 | 35.87 | 37.42 | 47.27 | 48.56 |
| Tax | 11.59 | 12.67 | 13.12 | 11.84 | 8.76 | 12.87 | 12.12 | 11.67 |
| Net profit | 34.65 | 36.06 | 31.52 | 31.40 | 27.11 | 24.55 | 35.15 | 36.89 |
| EPS (₹) | 2.80 | 3.00 | 2.70 | 2.70 | 2.30 | 2.10 | 3.00 | 3.20 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 29.15 | 19.37 | 20.29 | 10.63 | 11.77 | 13.95 | 7.68 |
| Revenue growth | +15.3% | +10.8% | -36.3% | -13.9% | -74.3% | +550.0% | +7.6% |
| EBITDA | 27.49 | 17.93 | 18.99 | 8.59 | 9.40 | 4.72 | 6.26 |
| EBITDA margin | +94.3% | +92.6% | +93.6% | +80.8% | +79.9% | +33.8% | +81.5% |
| Profit before tax | 19.79 | 10.15 | 8.42 | 4.73 | 5.59 | 1.86 | 0.93 |
| Net profit | 12.23 | 7.26 | 8.31 | 5.68 | 5.58 | 1.69 | 0.79 |
| Net profit margin | +42.0% | +37.5% | +41.0% | +53.4% | +47.4% | +12.1% | +10.3% |
| EPS (₹) | 1.00 | 0.64 | 3.80 | 2.60 | 2.56 | 0.77 | 0.37 |
| Balance sheet | |||||||
| Total assets | - | 651 | 496 | 347 | 279 | 259 | 215 |
| Net worth | - | 566 | 414 | 305 | 252 | 219 | 184 |
| Total debt | - | 85.33 | 82.17 | 41.76 | 26.85 | 40.52 | 31.22 |
| Cash & bank | - | 29.73 | 25.78 | 2.05 | 26.38 | 2.11 | 2.40 |
| Net working capital | - | 34.78 | 36.27 | 9.83 | 36.10 | 2.28 | (10.02) |
| Cash flow | |||||||
| Cash from operations | - | (22.19) | 1.04 | (1.59) | (31.18) | (2.57) | (2.48) |
| Cash from investing | - | 3.81 | (26.00) | 1.61 | 31.13 | 2.57 | 2.49 |
| Cash from financing | - | 18.38 | 24.94 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.88 | 8.30 | 9.75 | 6.16 | 4.94 | 5.01 | 5.06 | 4.93 |
| Revenue growth (YoY) | +39.3% | +65.7% | +92.7% | +25.0% | -1.6% | -30.7% | +19.1% | -7.7% |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.38 | 0.50 | 0.39 | 0.36 | 0.41 | 0.31 | 0.51 | 0.29 |
| EBITDA | 6.50 | 7.80 | 9.36 | 5.80 | 4.53 | 4.70 | 4.55 | 4.64 |
| EBITDA margin | +94.5% | +94.0% | +96.0% | +94.2% | +91.7% | +93.8% | +89.9% | +94.1% |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest | 1.85 | 2.22 | 2.30 | 1.30 | 1.87 | 2.02 | 2.10 | 2.06 |
| Profit before tax | 4.65 | 5.58 | 7.05 | 4.50 | 2.66 | 2.68 | 2.44 | 2.58 |
| Tax | 1.17 | 1.43 | 3.80 | 1.67 | 0.66 | 2.47 | 0.33 | 0.08 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 181 | 137 | 127 | 132 | 122 | 148 | 154 |
| Revenue growth (YoY) | +13.8% | +48.1% | -7.6% | -17.5% | -17.9% | -25.7% | +19.6% | +27.8% |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 61.83 | 64.01 | 61.05 | 59.30 | 51.81 | 52.84 | 64.18 | 64.16 |
| EBITDA margin | +41.3% | +35.4% | +44.7% | +46.7% | +39.4% | +43.3% | +43.4% | +41.7% |
| Depreciation | 1.04 | 1.01 | 1.05 | 1.10 | 1.16 | 0.59 | 1.10 | 1.05 |
| Interest | 14.55 | 14.27 | 15.36 | 14.96 | 14.78 | 14.83 | 15.81 | 14.55 |
| Profit before tax | 46.24 | 48.73 | 44.64 | 43.24 | 35.87 | 37.42 | 47.27 | 48.56 |
| Tax | 11.59 | 12.67 | 13.12 | 11.84 | 8.76 | 12.87 | 12.12 | 11.67 |
| Net profit | 34.65 | 36.06 | 31.52 | 31.40 | 27.11 | 24.55 | 35.15 | 36.89 |
| EPS (₹) | 2.80 | 3.00 | 2.70 | 2.70 | 2.30 | 2.10 | 3.00 | 3.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 576 | 584 | 500 | 339 | 331 | 225 | 136 |
| Revenue growth | -0.3% | +14.9% | +35.3% | -1.4% | +37.7% | +56.7% | +2.8% |
| Other income | 0.00 | 0.06 | 0.09 | 0.12 | 0.00 | 0.00 | 0.00 |
| Total expenses | 340 | 341 | 297 | 219 | 222 | 161 | 103 |
| Employee cost | 0.00 | 86.28 | 86.21 | 56.44 | 69.40 | 53.31 | 37.32 |
| EBITDA | 236 | 243 | 204 | 120 | 109 | 63.38 | 32.83 |
| EBITDA margin | +41.0% | +41.6% | +40.7% | +35.4% | +32.9% | +28.2% | +24.2% |
| Depreciation | 4.32 | 3.74 | 3.59 | 2.62 | 1.97 | 1.32 | 1.60 |
| Interest | 59.37 | 60.63 | 56.50 | 32.72 | 35.16 | 19.16 | 17.79 |
| Profit before tax | 172 | 179 | 144 | 84.69 | 71.93 | 42.90 | 13.44 |
| Tax | 46.39 | 47.49 | 35.75 | 18.81 | 16.76 | 8.53 | 1.13 |
| Net profit | 126 | 131 | 108 | 65.88 | 55.17 | 34.37 | 12.31 |
| Net profit margin | +21.9% | +22.5% | +21.6% | +19.4% | +16.7% | +15.3% | +9.1% |
| EPS (₹) | 10.60 | 11.64 | 49.48 | 30.16 | 25.26 | 15.73 | 5.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 11.27 | 10.92 | 10.92 | 10.92 | 10.92 | 10.92 |
| Reserves & surplus | - | 608 | 468 | 354 | 289 | 245 | 203 |
| Shareholders' funds (net worth) | - | 638 | 504 | 365 | 300 | 256 | 214 |
| Minority interest | - | 1.64 | 1.63 | 1.63 | 0.00 | 0.00 | 1.25 |
| Secured loans | - | 76.39 | 27.69 | 75.84 | 24.80 | 13.78 | 42.29 |
| Unsecured loans | - | 182 | 160 | 86.39 | 71.90 | 81.28 | 61.29 |
| Total debt | - | 258 | 187 | 162 | 96.70 | 95.06 | 104 |
| Total liabilities | - | 898 | 693 | 529 | 397 | 351 | 319 |
| Assets | |||||||
| Gross block | - | 56.81 | 54.14 | 51.54 | 48.05 | 43.56 | 43.50 |
| Net block | - | 20.71 | 21.78 | 22.18 | 20.86 | 17.81 | 18.28 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 19.26 | 14.62 | 6.09 | 6.69 | 14.81 | 18.72 |
| Inventories | - | 18.77 | 22.81 | 16.89 | 31.58 | 12.06 | 19.46 |
| Sundry debtors | - | 161 | 125 | 49.61 | 55.71 | 65.93 | 35.14 |
| Cash & bank balances | - | 1,471 | 1,493 | 1,015 | 836 | 576 | 328 |
| Loans & advances | - | 119 | 114 | 37.67 | 21.87 | 29.25 | 60.68 |
| Total current assets | - | 1,770 | 1,754 | 1,119 | 945 | 684 | 444 |
| Total current liabilities | - | 1,055 | 1,172 | 704 | 631 | 433 | 238 |
| Net working capital | - | 714 | 582 | 415 | 314 | 250 | 205 |
| Total assets | - | 898 | 693 | 529 | 397 | 351 | 319 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 9.69 | 19.48 | 6.62 | 15.97 | 28.73 | 295 |
| Net cash from operating activities | - | (37.08) | 458 | 177 | (15.34) | (24.48) | 14.12 |
| Net cash from investing activities | - | 53.73 | (493) | (164) | 5.99 | 11.72 | 18.97 |
| Net cash from financing activities | - | 18.38 | 24.94 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net change in cash | - | 35.02 | (9.79) | 12.86 | (9.35) | (12.77) | 33.09 |
| Closing cash | - | 1,471 | 1,493 | 1,015 | 836 | 576 | 328 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -1.4% | +16.7% | +47.5% | +2.4% | +47.4% | +65.5% | +1.0% |
| EBITDA growth | -2.8% | +19.2% | +70.0% | +10.0% | +72.1% | +93.1% | -4.1% |
| PBT growth | -3.5% | +24.3% | +69.8% | +17.7% | +67.7% | +219.2% | -31.2% |
| Net income growth | -3.9% | +21.4% | +64.1% | +19.4% | +60.5% | +179.2% | -25.9% |
| Revenue CAGR (3Y) | +19.3% | +20.8% | +30.6% | +35.7% | +35.1% | +14.4% | +7.5% |
| EBITDA CAGR (3Y) | +25.4% | +30.6% | +47.6% | +54.0% | +47.1% | +31.4% | +10.0% |
| Profitability & leverage | |||||||
| Net income margin | +21.9% | +22.5% | +21.6% | +19.4% | +16.7% | +15.3% | +9.1% |
| Return on capital employed | - | +30.2% | +32.9% | +25.4% | +28.7% | +18.6% | +10.5% |
| Return on net worth | - | +23.0% | +24.9% | +19.8% | +19.9% | +14.6% | +5.9% |
| Debt / equity | - | 0.39 | 0.40 | 0.39 | 0.35 | 0.42 | 0.41 |
| Long-term debt / equity | - | 0.30 | 0.29 | 0.24 | 0.28 | 0.31 | 0.29 |
| Interest cover | 25.61 | 25.34 | 28.22 | 27.90 | 32.83 | 30.87 | 56.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 10.53 | 9.47 | 6.81 | 7.23 | 5.16 | 3.20 |
| Inventory turnover | - | 28.09 | 25.22 | 14.00 | 15.19 | 14.26 | 5.86 |
| Debtors turnover | - | 4.09 | 5.73 | 6.44 | 5.45 | 4.45 | 2.15 |
| EPS (₹) | 10.60 | 11.64 | 49.48 | 30.16 | 25.26 | 15.73 | 5.64 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 54.95 | 219.43 | 167.10 | 137.27 | 116.99 | 98.07 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.88 | 8.30 | 9.75 | 6.16 | 4.94 | 5.01 | 5.06 | 4.93 |
| Revenue growth (YoY) | +39.3% | +65.7% | +92.7% | +25.0% | -1.6% | -30.7% | +19.1% | -7.7% |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.38 | 0.50 | 0.39 | 0.36 | 0.41 | 0.31 | 0.51 | 0.29 |
| EBITDA | 6.50 | 7.80 | 9.36 | 5.80 | 4.53 | 4.70 | 4.55 | 4.64 |
| EBITDA margin | +94.5% | +94.0% | +96.0% | +94.2% | +91.7% | +93.8% | +89.9% | +94.1% |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest | 1.85 | 2.22 | 2.30 | 1.30 | 1.87 | 2.02 | 2.10 | 2.06 |
| Profit before tax | 4.65 | 5.58 | 7.05 | 4.50 | 2.66 | 2.68 | 2.44 | 2.58 |
| Tax | 1.17 | 1.43 | 3.80 | 1.67 | 0.66 | 2.47 | 0.33 | 0.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 29.15 | 19.37 | 20.29 | 10.63 | 11.77 | 13.95 | 7.68 |
| Revenue growth | +15.3% | +10.8% | -36.3% | -13.9% | -74.3% | +550.0% | +7.6% |
| Other income | 0.00 | 0.65 | 0.72 | 0.23 | 0.01 | 0.00 | 0.02 |
| Total expenses | 1.66 | 1.44 | 1.30 | 2.04 | 2.37 | 9.23 | 1.42 |
| Employee cost | 0.00 | 1.03 | 1.00 | 1.02 | 0.98 | 0.97 | 1.09 |
| EBITDA | 27.49 | 17.93 | 18.99 | 8.59 | 9.40 | 4.72 | 6.26 |
| EBITDA margin | +94.3% | +92.6% | +93.6% | +80.8% | +79.9% | +33.8% | +81.5% |
| Depreciation | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 |
| Interest | 7.69 | 8.43 | 11.29 | 4.09 | 3.81 | 2.85 | 5.33 |
| Profit before tax | 19.79 | 10.15 | 8.42 | 4.73 | 5.59 | 1.86 | 0.93 |
| Tax | 7.56 | 2.89 | 0.11 | (0.95) | 0.01 | 0.17 | 0.14 |
| Net profit | 12.23 | 7.26 | 8.31 | 5.68 | 5.58 | 1.69 | 0.79 |
| Net profit margin | +42.0% | +37.5% | +41.0% | +53.4% | +47.4% | +12.1% | +10.3% |
| EPS (₹) | 1.00 | 0.64 | 3.80 | 2.60 | 2.56 | 0.77 | 0.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 11.27 | 10.92 | 10.92 | 10.92 | 10.92 | 10.92 |
| Reserves & surplus | - | 536 | 378 | 294 | 241 | 208 | 173 |
| Shareholders' funds (net worth) | - | 566 | 414 | 305 | 252 | 219 | 184 |
| Secured loans | - | 13.50 | 4.80 | 0.00 | 10.69 | 1.68 | 1.73 |
| Unsecured loans | - | 71.83 | 77.37 | 41.76 | 16.16 | 38.84 | 29.49 |
| Total debt | - | 85.33 | 82.17 | 41.76 | 26.85 | 40.52 | 31.22 |
| Total liabilities | - | 651 | 496 | 347 | 279 | 259 | 215 |
| Assets | |||||||
| Gross block | - | 1.70 | 1.70 | 1.89 | 2.59 | 2.97 | 2.47 |
| Net block | - | 0.78 | 0.79 | 0.98 | 1.62 | 1.93 | 1.44 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 454 | 334 | 253 | 225 | 204 | 171 |
| Inventories | - | 3.81 | 7.75 | 8.45 | 9.67 | 1.32 | 4.95 |
| Sundry debtors | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | - | 29.73 | 25.78 | 2.05 | 26.38 | 2.11 | 2.40 |
| Loans & advances | - | 2.49 | 4.16 | 2.31 | 4.66 | 0.79 | 1.18 |
| Total current assets | - | 36.03 | 37.69 | 12.81 | 40.71 | 4.22 | 8.53 |
| Total current liabilities | - | 1.25 | 1.42 | 2.98 | 4.61 | 1.94 | 18.55 |
| Net working capital | - | 34.78 | 36.27 | 9.83 | 36.10 | 2.28 | (10.02) |
| Total assets | - | 651 | 496 | 347 | 279 | 259 | 215 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.01 | 0.03 | 0.01 | 0.05 | 0.05 | 2.31 |
| Net cash from operating activities | - | (22.19) | 1.04 | (1.59) | (31.18) | (2.57) | (2.48) |
| Net cash from investing activities | - | 3.81 | (26.00) | 1.61 | 31.13 | 2.57 | 2.49 |
| Net cash from financing activities | - | 18.38 | 24.94 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net change in cash | - | 0.00 | (0.02) | 0.02 | (0.05) | 0.00 | 0.01 |
| Closing cash | - | 29.73 | 25.78 | 2.05 | 26.38 | 2.11 | 2.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +50.5% | -4.5% | +90.9% | -9.7% | -15.6% | +81.6% | -7.5% |
| EBITDA growth | +53.3% | -5.6% | +121.1% | -8.6% | +99.2% | -24.6% | -10.3% |
| PBT growth | +95.0% | +20.6% | +78.0% | -15.4% | +200.5% | +100.0% | -55.5% |
| Net income growth | +68.5% | -12.6% | +46.3% | +1.8% | +230.2% | +113.9% | -57.3% |
| Revenue CAGR (3Y) | +40.0% | +18.1% | +13.3% | +11.4% | +12.4% | -9.1% | +19.1% |
| EBITDA CAGR (3Y) | +47.4% | +24.0% | +59.1% | +11.1% | +10.4% | +0.4% | +27.0% |
| Profitability & leverage | |||||||
| Net income margin | +42.0% | +37.5% | +41.0% | +53.4% | +47.4% | +12.1% | +10.3% |
| Return on capital employed | - | +3.2% | +4.7% | +2.8% | +3.5% | +2.0% | +2.9% |
| Return on net worth | - | +1.5% | +2.3% | +2.0% | +2.4% | +0.8% | +0.5% |
| Debt / equity | - | 0.17 | 0.17 | 0.12 | 0.14 | 0.18 | 0.19 |
| Long-term debt / equity | - | 0.15 | 0.17 | 0.10 | 0.12 | 0.17 | 0.18 |
| Interest cover | 27.98 | 47.02 | 59.45 | 47.61 | 40.58 | 60.51 | 85.42 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 11.78 | 11.70 | 4.85 | 4.24 | 5.13 | 3.66 |
| Inventory turnover | - | 3.46 | 2.59 | 1.20 | 2.14 | 4.45 | 1.12 |
| Debtors turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 1.00 | 0.64 | 3.80 | 2.60 | 2.56 | 0.77 | 0.37 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 48.51 | 178.23 | 139.54 | 115.51 | 100.10 | 84.14 |
Shareholding Pattern of Master Trust Limited
Shareholding for the quarter ended Sep 2026: promoters hold 71.90%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 28.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.90% | 71.90% | 71.90% | 71.90% |
| Public | 28.10% | 28.10% | 28.10% | 28.10% |
Group Structure of Master Trust Limited
Master Trust has 6 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Master Insurance Brokers Limited | U17219PB1995PLC017006 | - |
| Mastertrust Wealth Private Limited | U65100CH2012PTC041871 | - |
| Master Infrastructure And Real Estate Developers Limited | U65100PB1991PLC011630 | - |
| Master Portfolio Services Limited | U67120GJ1994PLC124853 | - |
| Master Commodity Services Limited | U67120PB1991PLC011574 | - |
| Master Capital Services Limited | U67190HR1994PLC076366 | - |
Showing major subsidiaries. Total: 6.
Charges & Borrowings of Master Trust
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jun 2025 | Others | ₹9.5 Cr | Open |
| 16 Jul 2010 | Canara Bank | ₹12 Cr | Satisfied |
| 23 Apr 2010 | Dena Bank | ₹10 Cr | Satisfied |
| 18 Mar 2010 | Oriental Bank of Commerce | ₹10 Cr | Satisfied |
| 18 Dec 2009 | Ckarnataka Bank Limited | ₹16 Cr | Satisfied |
Total charge records: 11 View all charges
Employees and EPFO Compliance at Master Trust
Master Trust Limited has a workforce of 1 employees as of Mar 31, 2024.
Employee and EPFO history for Master Trust Limited
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Master Trust
GST registrations and filing compliance for Master Trust Limited
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Master Trust
Credit ratings, litigation, and regulatory alerts for Master Trust Limited
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Master Trust
MSME payment history for Master Trust Limited
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Master Trust
Corporate group structure for Master Trust Limited
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Master Trust
MCA filings and documents for Master Trust Limited
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Master Trust
Frequently Asked Questions about Master Trust Limited
Master Trust is an active public limited company in the financial services sector based in Ludhiana, Punjab, India. It was incorporated on 20 August 1985 (41+ years old) and is registered under CIN L65991PB1985PLC006414. Listed on BSE: 511768. The company has 1 employees.
Master Trust reported revenue of ₹575.85 Cr for FY 2025-26 (down 1.38% YoY) based on consolidated financials.
The current directors of Master Trust are:
- Anil Kumar - Director
- Harneesh Kaur Arora - Director
- Sudhir Kumar - Director
- Rajiv Kalra - Director
- Gurmeet Singh Chawla - Director
- Ravinder Singhania - Director
- Harjeet Singh Arora - Managing Director
- Rajinder Kumar Singhania - Director
The primary industry of Master Trust is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes. Master Trust is listed on BSE with code 511768.
Master Trust can be reached at the registered office: Master Chambers 19 3Rd Floor Feroze Gandhi Market, Ludhiana, Punjab, India – 141001, or through the website mastertrust.co.in.