Share Price and Basic Stock Data
Last Updated: October 17, 2025, 9:34 pm
| PEG Ratio | 157.72 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Max Financial Services Ltd operates in the finance and life insurance sector, with a current market capitalization of ₹55,428 Cr and a share price of ₹1,608. The company reported a revenue of ₹31,415 Cr for the fiscal year ending March 2023, which rose to ₹46,580 Cr in March 2024, indicating a strong growth trajectory. The revenue growth reflects a robust business model, especially given that the operating profit margin (OPM) stood at 1% for TTM, suggesting operational efficiency challenges. Quarterly sales saw fluctuations, with the highest recorded in March 2024 at ₹14,888 Cr. However, a decline in sales was noted in December 2024, dropping to ₹8,923 Cr, highlighting potential seasonal impacts or market challenges. The company’s ability to maintain growth in a competitive environment will be crucial as it navigates through these revenue trends.
Profitability and Efficiency Metrics
Max Financial Services reported a net profit of ₹403 Cr for the fiscal year ending March 2025, a slight decline from ₹452 Cr in March 2023. The operating profit varied across quarters, with a notable dip to -₹57 Cr in March 2024, raising concerns about profitability efficiency. The return on equity (ROE) stood at 7.26% and return on capital employed (ROCE) was recorded at 8.13%, both of which are relatively low compared to industry standards. The interest coverage ratio (ICR) was strong at 10.58x, indicating that the company comfortably meets its interest obligations. However, the cash conversion cycle (CCC) was 0 days, suggesting that the company effectively manages its receivables and payables, which is a positive aspect of its operational efficiency. The net profit margin for the trailing twelve months was 0.84%, reflecting a need for improvement in cost management to enhance profitability.
Balance Sheet Strength and Financial Ratios
Max Financial Services’ balance sheet reveals total assets of ₹189,999 Cr and total liabilities of ₹183,698 Cr as of March 2025, showcasing a solid asset base with a manageable debt level. The company’s borrowings rose to ₹1,026 Cr, while reserves increased significantly to ₹5,206 Cr, indicating a healthy retention of earnings that can be reinvested for growth. The debt-to-equity ratio stood at 0.13, suggesting a conservative capital structure that minimizes financial risk. The price-to-book value (P/BV) ratio was reported at 8.90x, which is relatively high, indicating a premium valuation compared to book value. Furthermore, liquidity ratios such as the current ratio and quick ratio both stood at 1.02, indicating adequate short-term liquidity, which is critical for operational stability in the insurance sector.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Max Financial Services shows a diverse ownership structure, with promoters holding 1.74% of the company as of March 2025, a significant decline from 14.72% in September 2022. This reduction raises concerns about insider confidence in the company’s future. Foreign institutional investors (FIIs) accounted for 44.71%, while domestic institutional investors (DIIs) held 47.29%, reflecting strong institutional interest. The total number of shareholders increased to 80,467, indicating growing retail interest. This diverse ownership can provide stability; however, the declining promoter stake may signal potential issues regarding management’s long-term commitment. Overall, while institutional backing remains robust, the promoter’s diminishing presence could influence market sentiment negatively.
Outlook, Risks, and Final Insight
If margins sustain improvements and operational efficiency is enhanced, Max Financial Services could see a significant upward trajectory in profitability metrics. The ability to manage expenses effectively in line with revenue growth will be critical. Risks include potential volatility in sales, as indicated by the fluctuations in the quarterly revenue data, and the impact of external economic factors on consumer demand for life insurance products. Additionally, the declining promoter stake may lead to questions about governance and strategic direction, which could affect investor confidence. If the company can stabilize its revenue streams and improve profitability, it may attract further investor interest and recover its market positioning in the competitive insurance landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Max Financial Services Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| SBI Life Insurance Company Ltd (SBILIFE) | 1,84,934 Cr. | 1,844 | 1,912/1,373 | 74.3 | 178 | 0.15 % | 16.9 % | 15.1 % | 10.0 |
| Max Financial Services Ltd | 53,450 Cr. | 1,548 | 1,679/950 | 197 | 153 | 0.00 % | 8.13 % | 7.26 % | 2.00 |
| ICICI Prudential Life Insurance Company Ltd | 86,373 Cr. | 597 | 777/517 | 66.1 | 87.9 | 0.14 % | 11.8 % | 10.3 % | 10.0 |
| HDFC Life Insurance Company Ltd | 1,60,812 Cr. | 746 | 821/584 | 84.9 | 78.7 | 0.28 % | 6.58 % | 10.8 % | 10.0 |
| Industry Average | 121,392.25 Cr | 1,183.75 | 105.58 | 124.40 | 0.14% | 10.85% | 10.87% | 8.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,272 | 9,316 | 8,896 | 9,929 | 9,168 | 10,165 | 12,356 | 14,888 | 11,799 | 13,372 | 8,923 | 12,376 | 12,822 |
| Expenses | 3,185 | 9,238 | 8,573 | 9,865 | 9,043 | 10,021 | 12,146 | 14,945 | 11,608 | 13,201 | 8,834 | 12,356 | 12,703 |
| Operating Profit | 87 | 78 | 322 | 64 | 125 | 144 | 209 | -57 | 190 | 172 | 89 | 20 | 119 |
| OPM % | 3% | 1% | 4% | 1% | 1% | 1% | 2% | -0% | 2% | 1% | 1% | 0% | 1% |
| Other Income | 4 | 6 | 3 | 5 | 3 | 25 | 4 | 10 | 1 | 4 | 3 | 18 | 3 |
| Interest | 9 | 9 | 9 | 9 | 9 | 9 | 14 | 11 | 9 | 13 | 10 | 15 | 20 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 80 | 74 | 315 | 58 | 118 | 158 | 198 | -59 | 182 | 162 | 81 | 22 | 101 |
| Tax % | 15% | 17% | 14% | 10% | 14% | -8% | 14% | -15% | 14% | 14% | 14% | -73% | 14% |
| Net Profit | 68 | 62 | 269 | 52 | 101 | 170 | 171 | -50 | 156 | 139 | 70 | 38 | 86 |
| EPS in Rs | 1.63 | 1.49 | 6.52 | 1.33 | 2.54 | 4.29 | 4.30 | -1.28 | 3.69 | 3.26 | 1.62 | 0.91 | 2.02 |
Last Updated: August 20, 2025, 7:05 am
Below is a detailed analysis of the quarterly data for Max Financial Services Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 12,822.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,376.00 Cr. (Mar 2025) to 12,822.00 Cr., marking an increase of 446.00 Cr..
- For Expenses, as of Jun 2025, the value is 12,703.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,356.00 Cr. (Mar 2025) to 12,703.00 Cr., marking an increase of 347.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 119.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Mar 2025) to 119.00 Cr., marking an increase of 99.00 Cr..
- For OPM %, as of Jun 2025, the value is 1.00%. The value appears strong and on an upward trend. It has increased from 0.00% (Mar 2025) to 1.00%, marking an increase of 1.00%.
- For Other Income, as of Jun 2025, the value is 3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 18.00 Cr. (Mar 2025) to 3.00 Cr., marking a decrease of 15.00 Cr..
- For Interest, as of Jun 2025, the value is 20.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 15.00 Cr. (Mar 2025) to 20.00 Cr., marking an increase of 5.00 Cr..
- For Depreciation, as of Jun 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 101.00 Cr.. The value appears strong and on an upward trend. It has increased from 22.00 Cr. (Mar 2025) to 101.00 Cr., marking an increase of 79.00 Cr..
- For Tax %, as of Jun 2025, the value is 14.00%. The value appears to be increasing, which may not be favorable. It has increased from -73.00% (Mar 2025) to 14.00%, marking an increase of 87.00%.
- For Net Profit, as of Jun 2025, the value is 86.00 Cr.. The value appears strong and on an upward trend. It has increased from 38.00 Cr. (Mar 2025) to 86.00 Cr., marking an increase of 48.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 2.02. The value appears strong and on an upward trend. It has increased from 0.91 (Mar 2025) to 2.02, marking an increase of 1.11.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:52 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,619 | 14,907 | 11,710 | 15,247 | 16,338 | 19,510 | 18,240 | 31,275 | 31,182 | 31,415 | 46,576 | 46,469 | 47,492 |
| Expenses | 11,167 | 14,188 | 11,179 | 14,476 | 15,807 | 19,003 | 17,788 | 30,689 | 30,769 | 30,862 | 46,150 | 45,994 | 47,094 |
| Operating Profit | 452 | 718 | 531 | 771 | 531 | 507 | 452 | 585 | 413 | 554 | 426 | 476 | 399 |
| OPM % | 4% | 5% | 5% | 5% | 3% | 3% | 2% | 2% | 1% | 2% | 1% | 1% | 1% |
| Other Income | 54 | 30 | 2 | 2 | 1 | 3 | 2 | 13 | 6 | 16 | 36 | 21 | 28 |
| Interest | 93 | 82 | 8 | 9 | 0 | 27 | 0 | 0 | 25 | 37 | 44 | 47 | 58 |
| Depreciation | 138 | 154 | 60 | 63 | 2 | 2 | 11 | 5 | 5 | 5 | 3 | 3 | 3 |
| Profit before tax | 274 | 512 | 465 | 702 | 530 | 481 | 442 | 593 | 389 | 527 | 415 | 447 | 366 |
| Tax % | 24% | 29% | 15% | 15% | 17% | 13% | 38% | 6% | 18% | 14% | 5% | 10% | |
| Net Profit | 209 | 365 | 393 | 593 | 442 | 416 | 273 | 560 | 318 | 452 | 393 | 403 | 334 |
| EPS in Rs | 5.24 | 10.49 | 9.47 | 14.79 | 10.67 | 9.75 | 5.38 | 12.33 | 7.34 | 10.97 | 9.85 | 9.48 | 7.81 |
| Dividend Payout % | 69% | 48% | 38% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 74.64% | 7.67% | 50.89% | -25.46% | -5.88% | -34.38% | 105.13% | -43.21% | 42.14% | -13.05% | 2.54% |
| Change in YoY Net Profit Growth (%) | 0.00% | -66.97% | 43.22% | -76.35% | 19.58% | -28.49% | 139.50% | -148.34% | 85.35% | -55.19% | 15.60% |
Max Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 21% |
| 3 Years: | 14% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 18% |
| 3 Years: | 9% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 22% |
| 3 Years: | 26% |
| 1 Year: | 43% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 7% |
Last Updated: Unknown
Balance Sheet
Last Updated: October 10, 2025, 2:31 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 54 | 54 | 54 | 69 | 69 | 69 | 69 | 69 |
| Reserves | 2,931 | 3,249 | 1,912 | 2,281 | 1,766 | 2,005 | 2,093 | 3,274 | 3,866 | 3,450 | 3,797 | 5,206 |
| Borrowings | 767 | 543 | -0 | -0 | -0 | -0 | 3 | 3 | 522 | 523 | 523 | 1,026 |
| Other Liabilities | 25,366 | 31,658 | 36,181 | 44,405 | 54,022 | 65,097 | 72,377 | 94,710 | 113,291 | 127,783 | 158,383 | 183,698 |
| Total Liabilities | 29,117 | 35,503 | 38,147 | 46,739 | 55,842 | 67,156 | 74,526 | 98,057 | 117,747 | 131,824 | 162,771 | 189,999 |
| Fixed Assets | 1,592 | 1,200 | 349 | 740 | 556 | 556 | 641 | 639 | 616 | 614 | 612 | 610 |
| CWIP | 55 | 39 | 37 | 3 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 25,134 | 32,015 | 36,102 | 44,059 | 52,683 | 63,245 | 68,566 | 91,766 | 109,794 | 123,355 | 152,959 | 179,841 |
| Other Assets | 2,336 | 2,249 | 1,660 | 1,938 | 2,602 | 3,356 | 5,320 | 5,652 | 7,337 | 7,854 | 9,201 | 9,548 |
| Total Assets | 29,117 | 35,503 | 38,147 | 46,739 | 55,842 | 67,156 | 74,526 | 98,057 | 117,747 | 131,824 | 162,771 | 189,999 |
Below is a detailed analysis of the balance sheet data for Max Financial Services Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 69.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 69.00 Cr..
- For Reserves, as of Mar 2025, the value is 5,206.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,797.00 Cr. (Mar 2024) to 5,206.00 Cr., marking an increase of 1,409.00 Cr..
- For Borrowings, as of Mar 2025, the value is 1,026.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 523.00 Cr. (Mar 2024) to 1,026.00 Cr., marking an increase of 503.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 183,698.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 158,383.00 Cr. (Mar 2024) to 183,698.00 Cr., marking an increase of 25,315.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 189,999.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 162,771.00 Cr. (Mar 2024) to 189,999.00 Cr., marking an increase of 27,228.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 610.00 Cr.. The value appears to be declining and may need further review. It has decreased from 612.00 Cr. (Mar 2024) to 610.00 Cr., marking a decrease of 2.00 Cr..
- For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Investments, as of Mar 2025, the value is 179,841.00 Cr.. The value appears strong and on an upward trend. It has increased from 152,959.00 Cr. (Mar 2024) to 179,841.00 Cr., marking an increase of 26,882.00 Cr..
- For Other Assets, as of Mar 2025, the value is 9,548.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,201.00 Cr. (Mar 2024) to 9,548.00 Cr., marking an increase of 347.00 Cr..
- For Total Assets, as of Mar 2025, the value is 189,999.00 Cr.. The value appears strong and on an upward trend. It has increased from 162,771.00 Cr. (Mar 2024) to 189,999.00 Cr., marking an increase of 27,228.00 Cr..
Notably, the Reserves (5,206.00 Cr.) exceed the Borrowings (1,026.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -315.00 | 175.00 | 531.00 | 771.00 | 531.00 | 507.00 | 449.00 | 582.00 | -109.00 | 31.00 | -97.00 | 475.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 17 | 16 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 73 | 84 | ||||||||||
| Days Payable | 374 | 424 | ||||||||||
| Cash Conversion Cycle | -281 | -324 | 16 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -100 | -74 | -101 | -93 | -1,158 | -1,149 | -1,338 | -1,042 | -1,241 | -1,402 | -1,172 | -1,368 |
| ROCE % | 8% | 13% | 13% | 25% | 19% | 19% | 16% | 18% | 10% | 12% | 10% | 8% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Mid-Cap Opportunities Fund - Regular Plan | 17,616,121 | 3.44 | 1795.44 | 17,616,121 | 2025-04-22 13:31:13 | 0% |
| Nippon India Multi Cap Fund | 5,150,000 | 2.31 | 524.89 | 5,150,000 | 2025-04-22 15:56:55 | 0% |
| Nippon India Growth Fund | 4,978,243 | 2.37 | 507.38 | 4,978,243 | 2025-04-22 17:25:26 | 0% |
| Mirae Asset Large & Midcap Fund | 4,091,699 | 1.38 | 417.03 | 4,091,699 | 2025-04-22 17:25:26 | 0% |
| Mirae Asset Large Cap Fund | 3,740,072 | 1.05 | 381.19 | 3,740,072 | 2025-04-22 15:56:55 | 0% |
| Kotak Emerging Equity Fund - Regular Plan | 3,592,291 | 1 | 366.13 | 3,592,291 | 2025-04-22 17:25:26 | 0% |
| Canara Robeco Emerging Equities | 3,340,702 | 1.81 | 340.48 | 3,340,702 | 2025-04-22 17:25:26 | 0% |
| Kotak Flexicap Fund - Regular Plan | 3,100,000 | 0.76 | 315.95 | 3,100,000 | 2025-04-22 14:53:35 | 0% |
| Mirae Asset Focused Fund | 2,742,954 | 3.08 | 279.56 | 2,742,954 | 2025-04-22 17:25:26 | 0% |
| Mirae Asset Midcap Fund | 2,611,508 | 2.08 | 266.16 | 2,611,508 | 2025-04-22 17:25:26 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 9.53 | 9.85 | 10.97 | 7.34 | 14.51 |
| Diluted EPS (Rs.) | 9.53 | 9.85 | 10.97 | 7.34 | 14.51 |
| Cash EPS (Rs.) | 11.83 | 11.52 | 13.29 | 9.37 | 16.37 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 153.58 | 112.50 | 115.49 | 129.95 | 104.47 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 153.58 | 112.50 | 115.49 | 129.95 | 104.47 |
| Revenue From Operations / Share (Rs.) | 1353.02 | 1355.44 | 914.19 | 903.50 | 906.25 |
| PBDIT / Share (Rs.) | 14.57 | 13.44 | 16.57 | 12.12 | 17.34 |
| PBIT / Share (Rs.) | 14.48 | 13.34 | 16.43 | 11.98 | 17.19 |
| PBT / Share (Rs.) | 13.11 | 12.07 | 15.34 | 11.26 | 17.18 |
| Net Profit / Share (Rs.) | 11.75 | 11.43 | 13.15 | 9.23 | 16.22 |
| NP After MI And SOA / Share (Rs.) | 9.53 | 9.90 | 11.01 | 7.34 | 12.33 |
| PBDIT Margin (%) | 1.07 | 0.99 | 1.81 | 1.34 | 1.91 |
| PBIT Margin (%) | 1.07 | 0.98 | 1.79 | 1.32 | 1.89 |
| PBT Margin (%) | 0.96 | 0.89 | 1.67 | 1.24 | 1.89 |
| Net Profit Margin (%) | 0.86 | 0.84 | 1.43 | 1.02 | 1.78 |
| NP After MI And SOA Margin (%) | 0.70 | 0.73 | 1.20 | 0.81 | 1.36 |
| Return on Networth / Equity (%) | 6.20 | 8.79 | 10.75 | 6.43 | 12.72 |
| Return on Capital Employeed (%) | 6.54 | 7.93 | 10.59 | 7.75 | 0.60 |
| Return On Assets (%) | 0.17 | 0.20 | 0.28 | 0.21 | 0.43 |
| Long Term Debt / Equity (X) | 0.00 | 0.13 | 0.14 | 0.00 | 0.00 |
| Total Debt / Equity (X) | 0.19 | 0.13 | 0.14 | 0.00 | 0.00 |
| Asset Turnover Ratio (%) | 0.26 | 0.31 | 0.00 | 0.00 | 0.01 |
| Current Ratio (X) | 1.03 | 1.02 | 1.02 | 1.03 | 2109.36 |
| Quick Ratio (X) | 1.03 | 1.02 | 1.02 | 1.03 | 2109.36 |
| Interest Coverage Ratio (X) | 10.56 | 10.58 | 15.20 | 16.91 | 2239.83 |
| Interest Coverage Ratio (Post Tax) (X) | 9.59 | 10.00 | 13.06 | 13.87 | 2095.87 |
| Enterprise Value (Cr.) | 40446.39 | 34539.35 | 21745.73 | 25968.97 | 29409.01 |
| EV / Net Operating Revenue (X) | 0.87 | 0.74 | 0.69 | 0.83 | 0.94 |
| EV / EBITDA (X) | 80.84 | 74.81 | 38.20 | 62.07 | 49.14 |
| MarketCap / Net Operating Revenue (X) | 0.84 | 0.73 | 0.69 | 0.83 | 0.94 |
| Price / BV (X) | 7.47 | 8.90 | 6.20 | 6.61 | 8.87 |
| Price / Net Operating Revenue (X) | 0.84 | 0.73 | 0.69 | 0.83 | 0.94 |
| EarningsYield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
After reviewing the key financial ratios for Max Financial Services Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 9.53. This value is within the healthy range. It has decreased from 9.85 (Mar 24) to 9.53, marking a decrease of 0.32.
- For Diluted EPS (Rs.), as of Mar 25, the value is 9.53. This value is within the healthy range. It has decreased from 9.85 (Mar 24) to 9.53, marking a decrease of 0.32.
- For Cash EPS (Rs.), as of Mar 25, the value is 11.83. This value is within the healthy range. It has increased from 11.52 (Mar 24) to 11.83, marking an increase of 0.31.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 153.58. It has increased from 112.50 (Mar 24) to 153.58, marking an increase of 41.08.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 153.58. It has increased from 112.50 (Mar 24) to 153.58, marking an increase of 41.08.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,353.02. It has decreased from 1,355.44 (Mar 24) to 1,353.02, marking a decrease of 2.42.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 14.57. This value is within the healthy range. It has increased from 13.44 (Mar 24) to 14.57, marking an increase of 1.13.
- For PBIT / Share (Rs.), as of Mar 25, the value is 14.48. This value is within the healthy range. It has increased from 13.34 (Mar 24) to 14.48, marking an increase of 1.14.
- For PBT / Share (Rs.), as of Mar 25, the value is 13.11. This value is within the healthy range. It has increased from 12.07 (Mar 24) to 13.11, marking an increase of 1.04.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 11.75. This value is within the healthy range. It has increased from 11.43 (Mar 24) to 11.75, marking an increase of 0.32.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 9.53. This value is within the healthy range. It has decreased from 9.90 (Mar 24) to 9.53, marking a decrease of 0.37.
- For PBDIT Margin (%), as of Mar 25, the value is 1.07. This value is below the healthy minimum of 10. It has increased from 0.99 (Mar 24) to 1.07, marking an increase of 0.08.
- For PBIT Margin (%), as of Mar 25, the value is 1.07. This value is below the healthy minimum of 10. It has increased from 0.98 (Mar 24) to 1.07, marking an increase of 0.09.
- For PBT Margin (%), as of Mar 25, the value is 0.96. This value is below the healthy minimum of 10. It has increased from 0.89 (Mar 24) to 0.96, marking an increase of 0.07.
- For Net Profit Margin (%), as of Mar 25, the value is 0.86. This value is below the healthy minimum of 5. It has increased from 0.84 (Mar 24) to 0.86, marking an increase of 0.02.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 0.70. This value is below the healthy minimum of 8. It has decreased from 0.73 (Mar 24) to 0.70, marking a decrease of 0.03.
- For Return on Networth / Equity (%), as of Mar 25, the value is 6.20. This value is below the healthy minimum of 15. It has decreased from 8.79 (Mar 24) to 6.20, marking a decrease of 2.59.
- For Return on Capital Employeed (%), as of Mar 25, the value is 6.54. This value is below the healthy minimum of 10. It has decreased from 7.93 (Mar 24) to 6.54, marking a decrease of 1.39.
- For Return On Assets (%), as of Mar 25, the value is 0.17. This value is below the healthy minimum of 5. It has decreased from 0.20 (Mar 24) to 0.17, marking a decrease of 0.03.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.13 (Mar 24) to 0.00, marking a decrease of 0.13.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.19. This value is within the healthy range. It has increased from 0.13 (Mar 24) to 0.19, marking an increase of 0.06.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.26. It has decreased from 0.31 (Mar 24) to 0.26, marking a decrease of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 1.03. This value is below the healthy minimum of 1.5. It has increased from 1.02 (Mar 24) to 1.03, marking an increase of 0.01.
- For Quick Ratio (X), as of Mar 25, the value is 1.03. This value is within the healthy range. It has increased from 1.02 (Mar 24) to 1.03, marking an increase of 0.01.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 10.56. This value is within the healthy range. It has decreased from 10.58 (Mar 24) to 10.56, marking a decrease of 0.02.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 9.59. This value is within the healthy range. It has decreased from 10.00 (Mar 24) to 9.59, marking a decrease of 0.41.
- For Enterprise Value (Cr.), as of Mar 25, the value is 40,446.39. It has increased from 34,539.35 (Mar 24) to 40,446.39, marking an increase of 5,907.04.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.87. This value is below the healthy minimum of 1. It has increased from 0.74 (Mar 24) to 0.87, marking an increase of 0.13.
- For EV / EBITDA (X), as of Mar 25, the value is 80.84. This value exceeds the healthy maximum of 15. It has increased from 74.81 (Mar 24) to 80.84, marking an increase of 6.03.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.84. This value is below the healthy minimum of 1. It has increased from 0.73 (Mar 24) to 0.84, marking an increase of 0.11.
- For Price / BV (X), as of Mar 25, the value is 7.47. This value exceeds the healthy maximum of 3. It has decreased from 8.90 (Mar 24) to 7.47, marking a decrease of 1.43.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.84. This value is below the healthy minimum of 1. It has increased from 0.73 (Mar 24) to 0.84, marking an increase of 0.11.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Max Financial Services Ltd:
- Net Profit Margin: 0.86%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 6.54% (Industry Average ROCE: 10.85%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 6.2% (Industry Average ROE: 10.87%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 9.59
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.03
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 197 (Industry average Stock P/E: 105.58)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.19
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 0.86%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Finance & Investments | Bhai Mohan Singh Nagar, Nawanshahr Dist Punjab 144533 | investorhelpline@maxfinancialservices.in http://www.maxfinancialservices.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Analjit Singh | Founder & Chairman |
| Mr. Mitsuru Yasuda | Non Executive Director |
| Mr. Sahil Vachani | Non Executive Director |
| Mr. Hideaki Nomura | Non Executive Director |
| Mr. K Narasimha Murthy | Independent Director |
| Mr. Jai Arya | Independent Director |
| Mr. Richard Stagg | Independent Director |
| Ms. Malini Thadani | Independent Director |
FAQ
What is the intrinsic value of Max Financial Services Ltd?
Max Financial Services Ltd's intrinsic value (as of 17 October 2025) is 1785.60 which is 15.35% higher the current market price of 1,548.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 53,450 Cr. market cap, FY2025-2026 high/low of 1,679/950, reserves of ₹5,206 Cr, and liabilities of 189,999 Cr.
What is the Market Cap of Max Financial Services Ltd?
The Market Cap of Max Financial Services Ltd is 53,450 Cr..
What is the current Stock Price of Max Financial Services Ltd as on 17 October 2025?
The current stock price of Max Financial Services Ltd as on 17 October 2025 is 1,548.
What is the High / Low of Max Financial Services Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Max Financial Services Ltd stocks is 1,679/950.
What is the Stock P/E of Max Financial Services Ltd?
The Stock P/E of Max Financial Services Ltd is 197.
What is the Book Value of Max Financial Services Ltd?
The Book Value of Max Financial Services Ltd is 153.
What is the Dividend Yield of Max Financial Services Ltd?
The Dividend Yield of Max Financial Services Ltd is 0.00 %.
What is the ROCE of Max Financial Services Ltd?
The ROCE of Max Financial Services Ltd is 8.13 %.
What is the ROE of Max Financial Services Ltd?
The ROE of Max Financial Services Ltd is 7.26 %.
What is the Face Value of Max Financial Services Ltd?
The Face Value of Max Financial Services Ltd is 2.00.