Master Trust Ltd is a diversified financial services conglomerate that has been serving the Indian market for over four decades. Originally established as Arora Financial Consultants in 1985 by H S Arora, the company was later renamed Master Trust when R K Singhania joined as a director and co-promoter in 1992. The company was modernized to a Category I merchant banker by the Department of Company Affairs in 1993 and went public in 1995.
Master Trust operates as a comprehensive financial services provider offering diversified solutions to both individual and corporate clients. Incorporated in 1985, Master Trust Ltd is in the business of lending, sales/purchase of securities and lands, and functions as a Category-1 Merchant Banker, depository participant of NSDL and CDSL, member of NCDEX and MCX, and insurance broker.
The company's segments include Broking, Interest, Portfolio Management Services, Insurance Broking, and Investment/Trading in Securities & others. Master Trust has established itself as a one-stop destination for retail customers requiring relationship-driven investment approaches. With an impeccable track record in client servicing of over two decades, the organization has grown to 1000+ strong employee organization with over 3,00,000+ client relationships. Master Trust serves as a one-point shop for all investment needs of customers, specifically targeted towards retail customers who require a very strong relationship driven approach towards value investing.
Master Trust offers advanced trading technology solutions to meet modern investment needs. Its online trading platforms include masterswift2.0, mastermobile, masterweb, Master Trader 3.0, Bracket Order, Rest API, Master Bridge, Nest Strategy and NEST API, focusing on markets such as equity, equity derivatives, currency derivatives, commodities, mutual funds, initial public offerings (IPOs) and bonds. Master Bridge offers simple code snippets to connect any external software like Microsoft Excel, Amibroker, or other programming languages like Java, Net, Python and advanced applications with its order management system.
Master Trust has demonstrated strong financial performance in recent quarters. The company's net profit jumped 26.71% since last year same period to ₹35.15 crore in Q3 2024-2025. Consolidated net sales for December 2024 reached Rs 147.88 crore, up 19.59% YoY, while net profit increased by 26.71% to Rs 35.15 crore and EBITDA rose 22.11%.
For the full year performance, net profit rose 21.43% to Rs 131.24 crore in the year ended March 2025 as against Rs 108.08 crore during the previous year, while sales rose 16.66% to Rs 583.94 crore in the year ended March 2025 as against Rs 500.53 crore during the previous year ended March 2024. The company's revenue grew over 30% CAGR to Rs 500 crores in FY24, reflecting strong performance.
• Q3 FY2024-25 Performance: Net Sales of ₹147.88 crore, Net Profit of ₹35.15 crore (as on December 2024)
• FY2024-25 Performance: Net Sales of ₹583.94 crore, Net Profit of ₹131.24 crore (year ended March 2025)
• Market Capitalization: ₹1,746 crore (as of March 2025)
• Promoter Holding: 72.49% (as of March 2025)
• P/E Ratio: 11.75 (as of July 2025)
• P/B Ratio: 3.05 (as of July 2025)
Shares of Master Trust are successfully listed on main board of National Stock Exchange with effect from November 12, 2024. The company trades under the symbol MASTERTR on both NSE and BSE.
Master Trust continues to expand its service offerings and market reach. The company's subsidiary Master Capital Services Limited has applied to SEBI for mutual fund license to launch equity and multi-asset schemes, with an investment of Rs 50 crore. The company is planning to develop an asset management company, a mutual fund, and a private sector bank in Punjab, and additionally plans to provide custodian services to Foreign Financial Institutions.
Master Trust represents a well-established financial services company with a strong track record in the Indian market. As per Value Research classification, it is a Small Cap company. Master Trust Ltd belongs to the Financials sector & Investment Banking & Brokerage sub-sector. The company's diversified business model, technological capabilities, and strong client relationships position it well for continued growth in India's expanding financial services sector.
The company has shown consistent growth in revenue and profitability, with a strong balance sheet and healthy financial metrics. With its comprehensive suite of financial services, robust technology infrastructure, and plans for expansion into new areas like mutual funds and asset management, Master Trust Ltd appears well-positioned to capitalize on the growing demand for financial services in India.
