Share Price and Basic Stock Data
Last Updated: January 15, 2026, 3:18 am
| PEG Ratio | -40.25 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Max Financial Services Ltd, operating in the finance and life insurance sector, reported a market capitalization of ₹56,902 Cr with a share price of ₹1,649. The company has demonstrated a consistent revenue growth trajectory, with sales rising from ₹31,182 Cr in FY 2022 to ₹31,415 Cr in FY 2023. For FY 2024, sales surged to ₹46,576 Cr, showcasing a significant jump that reflects a robust demand for life insurance products. Quarterly sales figures reveal a steady increase, peaking at ₹12,355.68 Cr in December 2023. Revenue from operations per share stood at ₹1,353.02 for FY 2025, indicating effective scaling of operations. The operating profit margin (OPM) has fluctuated, marking 1.07% in FY 2025, a slight improvement over previous fiscal years, which underscores the company’s efforts to enhance operational efficiencies amidst competitive pressures.
Profitability and Efficiency Metrics
Max Financial Services reported a net profit of ₹200 Cr, with a return on equity (ROE) of 7.26% and a return on capital employed (ROCE) of 8.13%. These figures illustrate a moderate profitability landscape, especially given the high price-to-earnings (P/E) ratio of 348, which suggests that the stock may be overvalued compared to its earnings. The operating profit for FY 2025 stood at ₹476 Cr, with an OPM of 1.07%. Over the last few quarters, the company faced fluctuations in net profit margins, with the most recent quarter reporting a margin of 0.86%. Furthermore, the interest coverage ratio (ICR) was reported at 10.56x, indicating a strong ability to meet interest obligations, a crucial factor in maintaining financial stability in a capital-intensive industry.
Balance Sheet Strength and Financial Ratios
The balance sheet of Max Financial Services reflects a total asset base of ₹189,999 Cr, with total liabilities at ₹183,698 Cr, resulting in a manageable debt-to-equity ratio of 0.19. The company holds reserves of ₹5,235 Cr, which have substantially increased from ₹3,450 Cr in FY 2023, indicating improved retained earnings. Borrowings stood at ₹1,829 Cr, reflecting a strategic approach to leverage while maintaining low long-term debt. The book value per share was reported at ₹153.58 for FY 2025, showing a solid asset backing for shareholders. Moreover, the interest coverage ratio of 10.56x highlights the company’s strong position in servicing its debt, which is critical in the financial services industry, especially during periods of economic uncertainty.
Shareholding Pattern and Investor Confidence
Max Financial Services has a diversified shareholding structure, with Foreign Institutional Investors (FIIs) holding 44.78% and Domestic Institutional Investors (DIIs) at 47.26%. This indicates strong institutional confidence in the company’s growth potential. However, promoter shareholding has seen a decline, currently at 1.71% as of September 2025, down from 11.45% in December 2022, which may raise concerns about insider confidence. The number of shareholders stood at 76,239, reflecting a stable investor base. The public shareholding remained at 6.24%, suggesting limited retail investor participation. This mix of institutional and public ownership could influence stock performance, as institutional investors typically bring stability while retail investors can drive volatility.
Outlook, Risks, and Final Insight
The outlook for Max Financial Services is contingent upon its ability to navigate the competitive landscape of the life insurance sector while enhancing profitability. The company’s strengths lie in its robust revenue growth, strong institutional backing, and manageable debt levels. However, risks include the declining promoter shareholding, which may signal a lack of confidence in the long-term growth strategy, and the high P/E ratio, which could lead to volatility if earnings do not meet investor expectations. Future performance will depend on the company’s ability to sustain revenue growth and improve operational efficiency. Additionally, external economic factors, regulatory changes, and market competition will play critical roles in shaping the company’s trajectory. Overall, while the company holds potential, investors should remain cautious given the present challenges.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| 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) | 2,09,988 Cr. | 2,094 | 2,116/1,373 | 85.6 | 182 | 0.13 % | 16.9 % | 15.1 % | 10.0 |
| Max Financial Services Ltd | 56,913 Cr. | 1,649 | 1,765/950 | 348 | 154 | 0.00 % | 8.13 % | 7.26 % | 2.00 |
| ICICI Prudential Life Insurance Company Ltd | 96,898 Cr. | 669 | 707/517 | 70.8 | 92.9 | 0.13 % | 11.9 % | 10.4 % | 10.0 |
| HDFC Life Insurance Company Ltd | 1,60,297 Cr. | 743 | 821/595 | 84.8 | 81.6 | 0.28 % | 6.58 % | 10.8 % | 10.0 |
| Industry Average | 131,024.00 Cr | 1,288.75 | 147.30 | 127.63 | 0.14% | 10.88% | 10.89% | 8.00 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,316.09 | 8,895.52 | 9,929.37 | 9,168.12 | 10,164.62 | 12,355.68 | 14,887.50 | 11,798.61 | 13,371.86 | 8,922.67 | 12,375.76 | 12,821.65 | 9,791.59 |
| Expenses | 9,238.12 | 8,573.27 | 9,865.44 | 9,043.15 | 10,020.76 | 12,146.32 | 14,944.62 | 11,608.35 | 13,198.73 | 8,833.84 | 12,355.99 | 12,703.06 | 9,770.58 |
| Operating Profit | 77.97 | 322.25 | 63.93 | 124.97 | 143.86 | 209.36 | -57.12 | 190.26 | 173.13 | 88.83 | 19.77 | 118.59 | 21.01 |
| OPM % | 0.84% | 3.62% | 0.64% | 1.36% | 1.42% | 1.69% | -0.38% | 1.61% | 1.29% | 1.00% | 0.16% | 0.92% | 0.21% |
| Other Income | 6.50 | 2.83 | 4.86 | 3.34 | 24.52 | 3.52 | 9.56 | 1.46 | 2.21 | 2.93 | 18.37 | 2.72 | 6.99 |
| Interest | 9.47 | 9.40 | 9.24 | 9.32 | 9.36 | 14.15 | 10.81 | 9.28 | 12.55 | 10.23 | 15.30 | 19.68 | 21.12 |
| Depreciation | 1.17 | 1.14 | 1.11 | 0.99 | 0.78 | 0.76 | 0.68 | 0.69 | 0.69 | 0.78 | 0.71 | 0.68 | 0.62 |
| Profit before tax | 73.83 | 314.54 | 58.44 | 118.00 | 158.24 | 197.97 | -59.05 | 181.75 | 162.10 | 80.75 | 22.13 | 100.95 | 6.26 |
| Tax % | 16.55% | 14.37% | 10.25% | 14.30% | -7.63% | 13.52% | -15.19% | 14.20% | 14.04% | 13.55% | -72.98% | 14.36% | 6.23% |
| Net Profit | 61.61 | 269.35 | 52.45 | 101.13 | 170.32 | 171.21 | -50.08 | 155.94 | 139.34 | 69.81 | 38.28 | 86.45 | 5.87 |
| EPS in Rs | 1.49 | 6.52 | 1.33 | 2.54 | 4.29 | 4.30 | -1.28 | 3.69 | 3.26 | 1.62 | 0.91 | 2.02 | 0.12 |
Last Updated: December 30, 2025, 12:37 am
Below is a detailed analysis of the quarterly data for Max Financial Services Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 9,791.59 Cr.. The value appears to be declining and may need further review. It has decreased from 12,821.65 Cr. (Jun 2025) to 9,791.59 Cr., marking a decrease of 3,030.06 Cr..
- For Expenses, as of Sep 2025, the value is 9,770.58 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 12,703.06 Cr. (Jun 2025) to 9,770.58 Cr., marking a decrease of 2,932.48 Cr..
- For Operating Profit, as of Sep 2025, the value is 21.01 Cr.. The value appears to be declining and may need further review. It has decreased from 118.59 Cr. (Jun 2025) to 21.01 Cr., marking a decrease of 97.58 Cr..
- For OPM %, as of Sep 2025, the value is 0.21%. The value appears to be declining and may need further review. It has decreased from 0.92% (Jun 2025) to 0.21%, marking a decrease of 0.71%.
- For Other Income, as of Sep 2025, the value is 6.99 Cr.. The value appears strong and on an upward trend. It has increased from 2.72 Cr. (Jun 2025) to 6.99 Cr., marking an increase of 4.27 Cr..
- For Interest, as of Sep 2025, the value is 21.12 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19.68 Cr. (Jun 2025) to 21.12 Cr., marking an increase of 1.44 Cr..
- For Depreciation, as of Sep 2025, the value is 0.62 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.68 Cr. (Jun 2025) to 0.62 Cr., marking a decrease of 0.06 Cr..
- For Profit before tax, as of Sep 2025, the value is 6.26 Cr.. The value appears to be declining and may need further review. It has decreased from 100.95 Cr. (Jun 2025) to 6.26 Cr., marking a decrease of 94.69 Cr..
- For Tax %, as of Sep 2025, the value is 6.23%. The value appears to be improving (decreasing) as expected. It has decreased from 14.36% (Jun 2025) to 6.23%, marking a decrease of 8.13%.
- For Net Profit, as of Sep 2025, the value is 5.87 Cr.. The value appears to be declining and may need further review. It has decreased from 86.45 Cr. (Jun 2025) to 5.87 Cr., marking a decrease of 80.58 Cr..
- For EPS in Rs, as of Sep 2025, the value is 0.12. The value appears to be declining and may need further review. It has decreased from 2.02 (Jun 2025) to 0.12, marking a decrease of 1.90.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 4:59 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 | 43,912 |
| 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 | 43,663 |
| Operating Profit | 452 | 718 | 531 | 771 | 531 | 507 | 452 | 585 | 413 | 554 | 426 | 476 | 248 |
| 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 | 31 |
| Interest | 93 | 82 | 8 | 9 | 0 | 27 | 0 | 0 | 25 | 37 | 44 | 47 | 66 |
| 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 | 210 |
| 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 | 200 |
| 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 | 4.67 |
| 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: December 4, 2025, 1:38 am
| 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 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 54 | 54 | 54 | 69 | 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 | 5,235 |
| Borrowings | 767 | 543 | 0 | 0 | 0 | 0 | 3 | 3 | 522 | 523 | 523 | 1,026 | 1,829 |
| 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 | 189,739 |
| 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 | 196,872 |
| Fixed Assets | 1,592 | 1,200 | 349 | 740 | 556 | 556 | 641 | 639 | 616 | 614 | 612 | 610 | 608 |
| CWIP | 55 | 39 | 37 | 3 | 0 | 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 | 10,174 |
| 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 | 186,089 |
| 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 | 196,872 |
Below is a detailed analysis of the balance sheet data for Max Financial Services Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 69.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 69.00 Cr..
- For Reserves, as of Sep 2025, the value is 5,235.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,206.00 Cr. (Mar 2025) to 5,235.00 Cr., marking an increase of 29.00 Cr..
- For Borrowings, as of Sep 2025, the value is 1,829.00 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 1,026.00 Cr. (Mar 2025) to 1,829.00 Cr., marking an increase of 803.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 189,739.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 183,698.00 Cr. (Mar 2025) to 189,739.00 Cr., marking an increase of 6,041.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 196,872.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 189,999.00 Cr. (Mar 2025) to 196,872.00 Cr., marking an increase of 6,873.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 608.00 Cr.. The value appears to be declining and may need further review. It has decreased from 610.00 Cr. (Mar 2025) to 608.00 Cr., marking a decrease of 2.00 Cr..
- For CWIP, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Investments, as of Sep 2025, the value is 10,174.00 Cr.. The value appears to be declining and may need further review. It has decreased from 179,841.00 Cr. (Mar 2025) to 10,174.00 Cr., marking a decrease of 169,667.00 Cr..
- For Other Assets, as of Sep 2025, the value is 186,089.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,548.00 Cr. (Mar 2025) to 186,089.00 Cr., marking an increase of 176,541.00 Cr..
- For Total Assets, as of Sep 2025, the value is 196,872.00 Cr.. The value appears strong and on an upward trend. It has increased from 189,999.00 Cr. (Mar 2025) to 196,872.00 Cr., marking an increase of 6,873.00 Cr..
Notably, the Reserves (5,235.00 Cr.) exceed the Borrowings (1,829.00 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
| 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
| 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 Fund | 25,792,853 | 4.76 | 4390.2 | N/A | N/A | N/A |
| Nippon India Multi Cap Fund | 7,281,109 | 2.48 | 1239.32 | 5,150,000 | 2025-12-08 01:15:36 | 41.38% |
| Kotak Midcap Fund | 5,396,216 | 1.52 | 918.49 | 4,978,771 | 2025-12-15 08:42:45 | 8.38% |
| Nippon India Growth Mid Cap Fund | 5,100,000 | 2.06 | 868.07 | N/A | N/A | N/A |
| ICICI Prudential Value Fund | 3,224,406 | 0.91 | 548.83 | 4,023,829 | 2025-12-15 08:42:45 | -19.87% |
| SBI Midcap Fund | 3,000,000 | 2.19 | 510.63 | N/A | N/A | N/A |
| DSP Mid Cap Fund | 2,946,419 | 2.53 | 501.51 | N/A | N/A | N/A |
| SBI Flexicap Fund | 2,711,600 | 1.96 | 461.54 | N/A | N/A | N/A |
| Kotak Flexicap Fund | 2,700,000 | 0.81 | 459.57 | N/A | N/A | N/A |
| HDFC Large and Mid Cap Fund | 2,602,017 | 1.53 | 442.89 | N/A | N/A | N/A |
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 |
|---|---|
|
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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: 10.88%)
- 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: 10.89%)
- 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: 348 (Industry average Stock P/E: 147.3)
- 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 | Contact not found |
| 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 16 January 2026) is ₹3174.88 which is 92.53% higher the current market price of ₹1,649.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹56,913 Cr. market cap, FY2025-2026 high/low of ₹1,765/950, reserves of ₹5,235 Cr, and liabilities of ₹196,872 Cr.
What is the Market Cap of Max Financial Services Ltd?
The Market Cap of Max Financial Services Ltd is 56,913 Cr..
What is the current Stock Price of Max Financial Services Ltd as on 16 January 2026?
The current stock price of Max Financial Services Ltd as on 16 January 2026 is ₹1,649.
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 ₹1,765/950.
What is the Stock P/E of Max Financial Services Ltd?
The Stock P/E of Max Financial Services Ltd is 348.
What is the Book Value of Max Financial Services Ltd?
The Book Value of Max Financial Services Ltd is 154.
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.