MFSL - Max Financial Services Limited Share Price

Insurance

₹1266.40+19.60(+1.57%)

Market Closed as of Apr 25, 2025, 15:30 IST

What does Max Financial Services Limited do?

Life Insurance•Financial Services•Mid Cap

Max Financial Services is a prominent Life Insurance company in India, traded under the stock ticker MFSL.

With a substantial market capitalization of Rs. 35,774.6 Crores, the company operates primarily through its subsidiary, providing business investment and management advisory services alongside its life insurance offerings.

The organization segments its operations into Business Investments and Others, and Life Insurance. It offers a range of products, including participating and nonparticipating linked products that cover life insurance, pension, and health benefits, which also incorporate rider options for both individual and group policies. The distribution of these products is facilitated through various channels such as individual agents, corporate agents, banks, brokers, and others.

Incorporated in 1988 and based in Noida, India, Max Financial Services reported a trailing 12 months revenue of Rs. 49,004 Crores and has experienced an impressive revenue growth of 53.2% over the last three years.

Industry Group:Insurance

Employees:10

Website:www.maxfinancialservices.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	MFSL	Insurance
PE	138.74	15.42
PS	0.89	2.36
Growth	17.6 %	11.8 %

Summary of Latest Earnings Report from Max Financial Services

Summary of Max Financial Services's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook and Key Points:

1. Strategic Rebranding & Expansion:

Transitioned to Axis Max Life Insurance to leverage Axis Bank's brand trust and expand into Tier-2/Tier-3 cities. Early Kantar surveys (Jan 2025) show improved brand awareness in these regions.

2. Growth Metrics:

9M FY25: Individual adjusted first-year premium grew 25% (vs. 19% private sector growth). ULIP sales surged 49% in Q3.
Q3 FY25: APE (Annual Premium Equivalent) rose 17%, driven by proprietary channels (+24% Q3, +41% 9M) and Banca (+12% Q3).
FY25 Targets: Aiming for ~20% full-year sales growth and high single-digit VNB growth.

3. Product Mix & Margins:

ULIP share increased to 44% (vs. 35% YoY), impacting margins. Q3 margin at 23.2% (down 400 bps YoY), with ~100 bps hit from surrender regulations.
Mitigation efforts: Increased rider attachment (45%), launched margin-accretive products (e.g., Smart Term Plan Plus, SEWA 2.0).

4. Operational Efficiency & Digitization:

Reduced product launch time by 50% via digitization. AI-driven risk analytics saved Rs.700 crore in potential claims.

5. Customer-Centricity:

Net Promoter Score (NPS) rose to 61 (from 56 in Mar'24). Improved persistency rates (13th month: 87% in value terms).

6. Financials & Solvency:

9M FY25: VNB at Rs.1,255 crore (+9%), EV Rs.24,129 crore, solvency ratio 196%.
AUM grew 20% to Rs.1.72 lakh crore.

7. Regulatory & Listing Plans:

Awaiting Insurance Amendment Bill to facilitate merger/listing. Timeline likely ~1 year post-approval.

8. Medium-Term Focus:

Balance ULIP/non-PAR mix, sustain 25%+ margins, and drive growth via proprietary channels, Axis Bank partnerships, and digital expansion.

Challenges: Surrender value norms, equity market volatility, and margin pressures near-term. Management remains confident in long-term profitability.

Q&A Session

Last updated: Feb 25

Question 1: Shreya Shivani (CLSA)
Could you elaborate on the drivers of the VNB margin decline from 25.3% in 9M FY24 to 21.9% in 9M FY25? What caused the slowdown in the Banca channel, and how might the Insurance Amendment Bill impact Axis Max Life's listing timeline?
Answer: The 400 bps VNB margin decline included ~100 bps from surrender regulations and ~300 bps from ULIP-heavy product mix. Banca's Q3 slowdown was temporary, with growth rebounding in Q4. The Insurance Amendment Bill could shorten regulatory approval for listing, but NCLT processes may still take ~1 year.

Question 2: Avinash (Emkay)
Is the elevated ULIP mix (44% vs. 35% YoY) a strategic shift? How does the rider attachment rate impact margins, and can the Axis Max Life merger proceed if Section 35 amendments are delayed?
Answer: ULIP mix reflects customer demand but will stabilize at 35"“40%. Rider attachment (45% vs. 32% YoY) offsets margin pressure. The merger hinges on Section 35 amendments; no alternatives are being explored.

Question 3: Supratim Datta (Ambit)
Can Q4 sales growth meet the 20% FY25 target given Q3's 16% growth? How might SEBI's proposed mutual fund-term plan hybrid affect ULIPs, and how does Axis Max Life's rebranding impact Tier-2/3 penetration?
Answer: Q4's larger base may lower growth to ~11%, but full-year growth will align with targets. SEBI's hybrid product may complement, not threaten, ULIPs. Rebranding has boosted Tier-2/3 awareness, with ~50% policies from these regions.

Question 4: Manas (Bernstein)
Was Q3's sequential APE decline due to Q2 preponement? Can the Axis brand improve pricing power?
Answer: ~Rs.20"“30 crore of Q2 sales were preponed, but Q3's dip reflected broader industry slowdown. Enhanced brand equity may improve pricing long-term but has no immediate impact.

Question 5: Prayesh Jain (Motilal Oswal)
How did non-PAR mix changes affect margins, and how are commissions adjusted post-surrender regulations? What is ULIP's January 2025 trajectory?
Answer: Stable non-PAR share would have lifted margins. Distributor negotiations balanced upfront/deferred commission cuts. ULIP demand remains resilient despite market corrections.

Question 6: Sanketh Godha (Avendus Spark)
How did rider growth mitigate surrender impacts, and why did non-ULIP segments slow?
Answer: Riders contributed to limiting surrender impact to 100 bps. Non-ULIP slowdown mirrored industry trends; growth prioritized ULIPs to retain market share.

Question 7: Gaurav Nigam (Tunga Investments)
How was surrender impact quantified, and were commissions clawed back?
Answer: Impact derived actuarially from revised surrender values, assuming stable lapse behavior. Commission adjustments varied by partner, with clawbacks/upfront cuts deployed.

Question 8: Gaurav Jain (ICICI Prudential MF)
What is Axis Bank's stake update, and how do tax regime shifts affect demand?
Answer: Axis holds 19.02%, awaiting approvals for 19.99%. Tax changes have minimal impact as 80C is no longer a primary purchase driver.

Question 9: Madhukar Ladha (Nuvama)
What are medium-term growth targets, and why did ULIPs strain profits?
Answer: Prioritizing proprietary/Banca growth. ULIP strain (up 57% YoY) stemmed from higher sales and surrender rules. Economic variance dipped due to equity market corrections.

Share Holdings

Understand Max Financial Services ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
MITSUI SUMITOMO INSURANCE COMPANY LIMITED	21.86%
HDFC MUTUAL FUND - HDFC NIFTY LARGE MIDC AP 250 INDEX FUND	9.02%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND	5.96%
ICICI PRUDENTIAL NIFTY FINANCIAL SERVICES EX-BANK ETF	5.9%
DSP MULTICAP FUND	4.02%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY MIDCAP 150 INDEX FUND	2.76%
ADITYA BIRLA SUN LIFE TRUSTEE P LTD A/C - ADITYA BIRLA SUN LIFE MULTI ASSET ALLOCATION FUND	2.75%
HDFC LIFE INSURANCE COMPANYLIMITED -SHAREHOLDERS SOLVENCY MARGIN ACCOUNT	2.31%
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED	1.62%
SMALLCAP WORLD FUND, INC	1.58%
MIRAE ASSET NIFTY LARGEMIDCAP 250 INDEX FUND	1.58%
KOTAK FUNDS - INDIA MIDCAP FUND	1.07%
KUWAIT INVESTMENT AUTHORITY FUND F238	1.03%
POLAR CAPITAL FUNDS PLC - EMERGING MARKET STARS FUND	1.02%
Trusts	0.54%
NEELU ANALJIT SINGH	0.03%
TARA SINGH VACHANI	0.03%
ANALJIT SINGH	0.03%
PIYA SINGH	0.03%
VEER SINGH	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Cash Flow for Max Financial Services

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	0%	0.11	0.11	0.14
Depreciation	-71.9%	1.59	3.1	3.48
Impairment loss / reversal	87%	0	-6.69	0
Share-based payments	-	0	0	0.18
Net Cashflows From Operations	71.4%	-5.75	-22.63	117
Income taxes paid (refund)	-91%	1.9	11	31
Net Cashflows From Operating Activities	75.3%	-7.65	-34.07	86
Proceeds from sales of PPE	30.2%	0.33	0.04	0.17
Purchase of property, plant and equipment	-15.9%	0.05	0.18	0.06
Proceeds from sales of investment property	-104.3%	0	24	0
Other inflows/outflows of cash	131.3%	9.66	-26.66	-29.38
Net Cashflows From Investing Activities	-78.3%	8.58	36	-84.68
Proceeds from exercise of stock options	-	0	0	0.97
Payments of lease liabilities	-80.3%	1.15	1.76	2.05
Net Cashflows From Financing Activities	22.1%	-1.15	-1.76	-1.08
Net change in cash and cash eq.	-24.5%	-0.22	0.02	0.16

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	103.4%	60	30	44
Depreciation	19.8%	213	178	180
Impairment loss / reversal	5.6%	-7.06	-7.54	-2
Adjustments for interest income	19.7%	7,708	6,442	5,415
Share-based payments	-24.8%	3.39	4.18	0.19
Net Cashflows From Operations	-38.9%	6,120	10,017	8,566
Income taxes paid (refund)	-87.2%	13	95	70
Net Cashflows From Operating Activities	-38.5%	6,107	9,922	8,496
Proceeds from sales of PPE	-	1.78	0	0.94
Purchase of property, plant and equipment	7284.5%	223	-2.09	128
Proceeds from sales of investment property	-104.3%	0	24	0
Purchase of investment property	-100.6%	0	174	0
Interest received	19.4%	7,778	6,513	5,484
Other inflows/outflows of cash	131.1%	9.66	-26.86	-29.38
Net Cashflows From Investing Activities	45.8%	-5,003.89	-9,227.65	-8,835.38
Payments to acquire entity's shares	-100.8%	0	122	0
Payments of other equity instruments	-	5.44	0	0
Proceeds from exercise of stock options	-	0	0	0.97
Proceeds from issuing debt etc	-	0	0	496
Payments of finance lease liabilities	-	82	0	0
Payments of lease liabilities	-101.4%	0	74	75
Dividends paid	-	0	0	32
Interest paid	0%	37	37	0
Other inflows (outflows) of cash	-	0	0	-1.92
Net Cashflows From Financing Activities	49.5%	-116.99	-232.77	388
Net change in cash and cash eq.	113.7%	986	462	48

Description	Share	Value
Life Insurance	100.0%	8.9 kCr
Total		8.9 kCr

Income Statement for Max Financial Services

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Total income	48.3%	46,618	31,431	31,188	31,288	18,242	-
Revenue From Operations	48.3%	46,576	31,413	31,181	31,274	18,240	-
Total interest earned	22.6%	370	302	227	212	171	-
Dividend income	4.3%	3.19	3.1	2.69	2.46	3.07	-
Rental income	5.3%	6.75	6.46	2.18	0.56	0.42	-
Revenue from sale of services	37.7%	5.6	4.34	4.64	5.63	5.13	-
Other revenue from operations	48.5%	46,117	31,057	30,849	30,968	18,040	-
Other income	141.2%	42	18	6.44	14	1.78	-
Total Expenses	49.5%	46,203	30,904	30,799	30,695	17,799	-
Employee Expense	21.4%	35	29	37	61	36	-
Finance costs	19.4%	44	37	25	0.27	0.28	-
Depreciation and Amortization	-39.7%	3.19	4.63	5	5.32	11	-
Impairment on financial instruments	-272.3%	-4.92	-0.59	-1.73	-55.24	71	-
Other expenses	49.6%	46,127	30,833	30,734	30,684	17,680	-
Profit Before exceptional items and Tax	-21.3%	415	527	389	593	442	-
Total profit before tax	-21.3%	415	527	389	593	442	-
Current tax	-82.3%	15	80	62	26	182	-
Deferred tax	200.5%	7.03	-5	8.04	7.13	-12.62	-
Tax expense	-71.6%	22	75	70	33	170	-
Total profit (loss) for period	-13.1%	393	452	318	560	273	-
Other comp. income net of taxes	112.4%	2.11	-7.97	-11.91	-4.37	13	-
Total Comprehensive Income	-11.1%	395	444	306	555	286	-
Reserve excluding revaluation reserves	10.1%	3,797	3,450	-	3,274	2,093	-
Earnings Per Share, Basic	-11.2%	9.85	10.97	7.34	14.51	5.38	-
Earnings Per Share, Diluted	-11.2%	9.85	10.97	7.34	14.51	5.38	-

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Total income	-33.3%	8,927	13,376	11,802	14,899	12,359	10,189
Revenue From Operations	-33.3%	8,923	13,372	11,799	14,888	12,356	10,165
Total interest earned	3.9%	133	128	122	99	90	89
Dividend income	-109%	0.81	3.12	1.22	0.44	0.46	1.53
Rental income	72%	1.86	1.5	1.78	1.79	1.65	1.59
Revenue from sale of services	-54.5%	0.66	0.78	0.23	1.56	1.39	1.35
Other revenue from operations	-33.1%	8,809	13,172	11,626	14,774	12,237	10,065
Other income	15%	4.14	3.73	3.19	11	3.52	25
Total Expenses	-33.1%	8,847	13,214	11,620	14,958	12,161	10,031
Employee Expense	-3.7%	9.1	9.41	6.67	6.02	18	0.03
Finance costs	-25%	10	13	9.28	11	14	9.36
Depreciation and Amortization	32.1%	0.81	0.72	0.72	0.66	0.76	0.78
Impairment on financial instruments	8.2%	-0.01	-0.1	-0.07	0.05	-0.66	-3.87
Other expenses	-33.1%	8,826	13,191	11,604	14,940	12,129	10,025
Profit Before exceptional items and Tax	-50.3%	81	162	182	-59.39	198	158
Total profit before tax	-50.3%	81	162	182	-59.39	198	158
Current tax	13.3%	18	16	20	-9.59	23	-12.48
Deferred tax	-229.1%	-6.64	6.92	5.38	0.28	3.62	0.4
Tax expense	-54.5%	11	23	26	-9.31	27	-12.08
Total profit (loss) for period	-50%	70	139	156	-50.08	171	170
Other comp. income net of taxes	-142.2%	-3.64	12	-0.03	3.68	-0.85	-3.72
Total Comprehensive Income	-56.7%	66	151	156	-46.4	170	167
Reserve excluding revaluation reserves	-	-	-	-	3,797	-	-
Earnings Per Share, Basic	-72.6%	1.62	3.26	3.69	-1.28	4.3	4.29
Earnings Per Share, Diluted	-72.6%	1.62	3.26	3.69	-1.28	4.3	4.29

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Total income	-63.2%	22	58	202	308	495	318
Revenue From Operations	-64.9%	21	58	200	306	495	317
Total interest earned	101.1%	2.79	1.89	0.01	0.01	0.47	0.01
Dividend income	-	0	0	144	186	464	281
Rental income	-127.3%	0	0.56	0.42	0.42	0.42	0
Revenue from sale of services	-15.8%	17	20	21	21	20	27
Other revenue from operations	-	-	6.69	-	-	-	-
Other income	-22.4%	0.29	0.42	2.36	1.43	0.08	1.15
Total Expenses	-15.8%	33	39	55	178	99	268
Employee Expense	-37%	6.18	9.22	22	21	23	76
Finance costs	0%	0.11	0.11	0.14	0.22	0.2	27
Depreciation and Amortization	-71.9%	1.59	3.1	3.48	3.8	9.89	1.75
Other expenses	-7.7%	25	27	30	153	66	60
Profit Before exceptional items and Tax	-169.8%	-11.56	19	147	129	396	49
Total profit before tax	-169.8%	-11.56	19	147	129	396	49
Current tax	-110%	0	11	32	39	124	0
Deferred tax	79.6%	-0.32	-5.47	13	-8.85	0	0
Tax expense	-130.2%	-0.32	5.37	44	30	124	0
Total profit (loss) for period	-194.2%	-11.24	14	103	99	273	49
Other comp. income net of taxes	-2.8%	-0.1	-0.07	0.36	0.01	-0.12	-0.3
Total Comprehensive Income	-194.9%	-11.34	14	103	99	272	49
Reserve excluding revaluation reserves	-0.2%	6,683	6,694	6,681	6,576	2,226	-
Earnings Per Share, Basic	-121.7%	-0.33	0.4	2.97	3.38	10.12	1.83
Earnings Per Share, Diluted	-121.7%	-0.33	0.4	2.97	3.39	10.11	1.83

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Total income	34.4%	4.71	3.76	3.77	4.76	5.52	6.32
Revenue From Operations	37.9%	4.71	3.69	3.72	4.51	5.52	6.32
Total interest earned	218.2%	1.13	0.89	0.88	0.97	0.73	0.54
Rental income	-	0	0	0	0	0	0
Revenue from sale of services	31.5%	3.13	2.62	2.63	3.25	4.25	5.25
Other revenue from operations	-	0.39	-	-	-	-	-
Other income	-7.5%	0	0.07	0.05	0.25	0	0
Total Expenses	-1.1%	6.2	6.26	6.09	8.71	8.16	9.12
Employee Expense	-55.6%	1.32	1.72	1.23	1.24	1.19	2.49
Finance costs	0%	0.02	0.02	0.03	0.04	0.02	0.02
Depreciation and Amortization	-2.9%	0.29	0.31	0.31	0.31	0.32	0.37
Other expenses	11.2%	4.57	4.21	4.52	7.12	6.63	6.24
Profit Before exceptional items and Tax	28.9%	-1.49	-2.5	-2.32	-3.95	-2.64	-2.8
Total profit before tax	28.9%	-1.49	-2.5	-2.32	-3.95	-2.64	-2.8
Current tax	-	0	0	0	0	0	0
Deferred tax	11.5%	0.08	-0.04	0.28	-0.27	-0.17	-0.08
Tax expense	11.5%	0.08	-0.04	0.28	-0.27	-0.17	-0.08
Total profit (loss) for period	25.7%	-1.57	-2.46	-2.6	-3.68	-2.47	-2.72
Other comp. income net of taxes	-3.1%	0	0.03	-0.02	0	0	-0.08
Total Comprehensive Income	25.1%	-1.57	-2.43	-2.62	-3.68	-2.47	-2.8
Reserve excluding revaluation reserves	-	-	-	-	6,683	-	-
Earnings Per Share, Basic	2.8%	-0.04	-0.07	-0.08	-0.11	-0.07	-0.8
Earnings Per Share, Diluted	2.8%	-0.04	-0.07	-0.08	-0.11	-0.07	-0.8

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
BAJAJFINSV	Bajaj FinservHolding Company	3.27 LCr	1.29 LCr	+5.25%	+23.55%	19.34	2.53	+26.78%	+13.75%
SBILIFE	SBI Life Insurance Co.Life Insurance	-	-	+9.98%	+17.35%	-	-	-	-
LICI	LIFE INSURANCE Corp OF INDIALife Insurance	-	-	+0.55%	-19.63%	-	-	-	-
ICICIPRULI	ICICI Prudential Life Insurance Co.Life Insurance	-	-	+1.20%	+5.61%	-	-	-	-
HDFCLIFE	HDFC LIFE INSURANCE Co.Life Insurance	-	-	+5.41%	+18.47%	-	-	-	-

Balance Sheet for Max Financial Services

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	4.9%	0.22	0.18	0.32	0.4	0.28	0.38
Trade receivables	-60.9%	5.3	12	7.13	17	9.72	15
Loans	-	0	0	0	0	0	0
Investments	-0.1%	6,693	6,699	6,731	6,695	6,731	6,723
Other financial assets	243.5%	1.33	0.77	0.95	1.17	0.83	0.78
Total finanical assets	-	6,756	-	-	-	-	-
Current tax assets (Net)	-77.7%	1.77	4.45	3.6	2.55	2.82	1.95
Property, plant and equipment	-183.3%	0.95	1.06	1.56	1.9	2.29	2.83
Total non-financial assets	-	7.1	-	-	-	-	-
Total assets	-0.1%	6,763	6,770	6,775	6,780	6,782	6,777
Equity share capital	0%	69	69	69	69	69	69
Total equity	-0.1%	6,747	6,752	6,758	6,763	6,756	6,750
Derivative financial instruments	-	0	0	0	0	0	0
Total financial liabilities	-	3.83	-	-	-	-	-
Current tax liabilities	-	0	0	0	0	0	0
Provisions	0%	11	11	11	11	12	12
Total non financial liabilities	-	12	-	-	-	-	-
Total liabilities	-	-	18	17	17	25	27
Total equity and liabilities	-0.1%	6,763	6,770	6,775	6,780	6,782	6,777

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-46.6%	459	858	677	987	409	569
Trade receivables	10.5%	0.15	0.05	0.04	0	0	0
Loans	-	0	0	0	0	0	0
Investments	29.5%	7,613	5,881	5,036	5,431	5,237	6,021
Other financial assets	12.2%	172,358	153,651	134,854	123,137	113,346	109,153
Total finanical assets	-	180,487	-	-	-	-	-
Current tax assets (Net)	-92.9%	2.21	18	3.71	16	8.91	11
Investment property	-1.2%	83	84	85	85	86	87
Property, plant and equipment	-183.3%	0.95	1.06	1.56	1.9	2.29	2.83
Goodwill	0%	525	525	525	525	525	525
Total non-financial assets	-	2,305	-	-	-	-	-
Total assets	12.3%	182,791	162,773	142,837	131,824	121,136	117,749
Equity share capital	0%	69	69	69	69	69	69
Non controlling interest	-	-	504	487	450	571	550
Total equity	43.6%	6,273	4,370	4,239	3,968	4,481	4,485
Debt securities	-3.7%	502	521	502	521	502	521
Total financial liabilities	-	175,832	-	-	-	-	-
Current tax liabilities	-	9.6	0	9.25	0	0.01	0
Provisions	29.3%	76	59	11	11	12	12
Total non financial liabilities	-	686	-	-	-	-	-
Total liabilities	-	-	158,404	138,598	127,855	116,655	113,264
Total equity and liabilities	12.3%	182,791	162,773	142,837	131,824	121,136	117,749

Investor Care
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	7.29

Financial Health
Debt/Equity	0.00
Debt/Cashflow	0.00

Valuation
Market Cap	43.71 kCr
Price/Earnings (Trailing)	138.74
Price/Sales (Trailing)	0.89
EV/EBITDA	106.34
Price/Free Cashflow	7.02
MarketCap/EBT	119.68

Fundamentals
Revenue (TTM)	49 kCr
Rev. Growth (Yr)	-27.77%
Rev. Growth (Qtr)	-33.26%
Earnings (TTM)	315.01 Cr
Earnings Growth (Yr)	-59.23%
Earnings Growth (Qtr)	-49.9%

Profitability
Operating Margin	0.75%
EBT Margin	0.75%
Return on Equity	5.02%
Return on Assets	0.17%
Free Cashflow Yield	14.24%

MFSL - Max Financial Services Limited Share Price

What does Max Financial Services Limited do?

Sector Comparison: MFSL vs Insurance

Comparative Metrics

Performance Comparison

Summary of Latest Earnings Report from Max Financial Services

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Cash Flow for Max Financial Services

Revenue Breakdown

Income Statement for Max Financial Services

Is Max Financial Services Better than it's peers?

Balance Sheet for Max Financial Services

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)