diff --git a/package/mtools/mtools.hash b/package/mtools/mtools.hash
index bce1951224..44f0803b0f 100644
--- a/package/mtools/mtools.hash
+++ b/package/mtools/mtools.hash
@@ -1,5 +1,5 @@
 # Locally calculated after checking pgp signature
-sha256  2709cd2f42d65500829b056cb0630edd515d7060b4865bad31277f0da9f9e9d5  mtools-4.0.47.tar.lz
+sha256  7d57f14a2482dc4658e4b386180793ef50f0de89ee3a9a28f0a371630baac7c4  mtools-4.0.48.tar.lz
 
 # Locally calculated
 sha256  8ceb4b9ee5adedde47b31e975c1d90c73ad27b6b165a1dcd80c7c545eb65b903  COPYING
diff --git a/package/mtools/mtools.mk b/package/mtools/mtools.mk
index 45b4b8d49b..8c7a348fea 100644
--- a/package/mtools/mtools.mk
+++ b/package/mtools/mtools.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-MTOOLS_VERSION = 4.0.47
+MTOOLS_VERSION = 4.0.48
 MTOOLS_SOURCE = mtools-$(MTOOLS_VERSION).tar.lz
 MTOOLS_SITE = $(BR2_GNU_MIRROR)/mtools
 MTOOLS_LICENSE = GPL-3.0+