Share Price and Basic Stock Data
Last Updated: November 26, 2025, 5:34 pm
| PEG Ratio | -42.56 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Max Financial Services Ltd operates in the finance sector, specifically focusing on life insurance. As of the latest reporting, the company’s stock price stood at ₹1,668, with a market capitalization of ₹57,560 Cr. The firm has shown a notable upward trend in sales, recording ₹31,415 Cr in the fiscal year ending March 2023, which is an increase from ₹31,182 Cr in the previous year. For the fiscal year 2024, sales are reported at ₹46,576 Cr, indicating a significant growth trajectory. Quarterly sales figures also reflect this trend, with the company achieving ₹12,356 Cr in December 2023 and ₹14,888 Cr in March 2024. This consistent revenue growth is supported by a robust operating profit margin (OPM) of 1% and a trailing twelve-month (TTM) revenue of ₹43,912 Cr. These metrics suggest that the company is successfully expanding its market presence while enhancing operational efficiency in a competitive landscape.
Profitability and Efficiency Metrics
Max Financial Services reported a net profit of ₹200 Cr, translating to a return on equity (ROE) of 7.26% and a return on capital employed (ROCE) of 8.13%. The profitability ratios, while modest, reflect a stable operational framework. The operating profit for the fiscal year ending March 2024 was recorded at ₹426 Cr, contributing to an OPM of 1%. However, there have been fluctuations in quarterly performance, with the operating profit declining to -₹57 Cr in March 2024 before rebounding to ₹20 Cr in March 2025. The interest coverage ratio (ICR) stood at 10.56x, indicating strong capability to meet interest obligations. Despite the relatively high price-to-earnings (P/E) ratio of 352, which is significantly above the sector average, the company maintains a consistent ability to generate profits, supported by other income of ₹36 Cr in March 2024.
Balance Sheet Strength and Financial Ratios
The balance sheet of Max Financial Services reflects a solid financial position, with total reserves reported at ₹5,206 Cr as of March 2025. The company has total borrowings of ₹1,026 Cr, which is relatively low compared to its total liabilities of ₹189,999 Cr. This results in a debt-to-equity ratio of 0.19, suggesting a conservative leverage approach. The book value per share stood at ₹153.58, indicating a strong asset base backing each share. Moreover, the company reported a current ratio of 1.03, highlighting its liquidity position and ability to cover short-term liabilities. Efficiency metrics such as the cash conversion cycle remained at zero days, indicating that the company effectively manages its cash flow. However, the return on assets (ROA) is low at 0.17%, suggesting that while the company has substantial assets, it may need to enhance asset utilization for better profitability.
Shareholding Pattern and Investor Confidence
As of March 2025, the shareholding pattern of Max Financial Services indicates a diverse investor base, with foreign institutional investors (FIIs) holding 44.75% and domestic institutional investors (DIIs) at 47.29%. The public holds 6.21%, while promoters have reduced their stake to 1.74%. This decline in promoter holding could raise concerns about insider confidence, especially as it has decreased from 11.45% in December 2022. The total number of shareholders has seen fluctuations, with 68,062 reported in March 2025, suggesting changing investor sentiment. However, the significant institutional ownership indicates strong confidence from larger investors, which can provide stability. The company’s ability to attract and retain institutional investors is critical, especially given the high P/E ratio, which suggests that market expectations remain elevated.
Outlook, Risks, and Final Insight
Looking ahead, Max Financial Services has multiple growth opportunities, particularly given the increasing demand for life insurance products in India, driven by rising awareness and financial planning needs among the population. However, the company faces risks including fluctuating profitability, as evidenced by the inconsistent quarterly operating profit figures and a low ROA. Additionally, the high P/E ratio may pose a challenge if growth does not meet investor expectations. The dependency on institutional investors also presents a risk, as any significant sell-off could impact stock performance. Overall, while Max Financial Services shows potential for growth, particularly in expanding its revenue base, careful management of profitability and investor relations will be crucial in navigating the challenges ahead. The company’s capacity to sustain growth through effective operational strategies and maintain investor trust will ultimately dictate its success.
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) | 2,03,259 Cr. | 2,028 | 2,087/1,373 | 82.9 | 182 | 0.13 % | 16.9 % | 15.1 % | 10.0 |
| Max Financial Services Ltd | 60,016 Cr. | 1,740 | 1,741/950 | 368 | 154 | 0.00 % | 8.13 % | 7.26 % | 2.00 |
| ICICI Prudential Life Insurance Company Ltd | 89,912 Cr. | 622 | 705/517 | 68.8 | 87.9 | 0.14 % | 11.9 % | 10.4 % | 10.0 |
| HDFC Life Insurance Company Ltd | 1,69,518 Cr. | 786 | 821/584 | 89.5 | 78.7 | 0.27 % | 6.58 % | 10.8 % | 10.0 |
| Industry Average | 130,676.25 Cr | 1,294.00 | 152.30 | 125.65 | 0.14% | 10.88% | 10.89% | 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: November 15, 2025, 4:53 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: November 9, 2025, 2:30 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
| 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 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 |
|---|---|
|
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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: 368 (Industry average Stock P/E: 152.3)
- 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 | 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 27 November 2025) is 3357.34 which is 92.95% higher the current market price of 1,740.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 60,016 Cr. market cap, FY2025-2026 high/low of 1,741/950, 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 60,016 Cr..
What is the current Stock Price of Max Financial Services Ltd as on 27 November 2025?
The current stock price of Max Financial Services Ltd as on 27 November 2025 is 1,740.
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 1,741/950.
What is the Stock P/E of Max Financial Services Ltd?
The Stock P/E of Max Financial Services Ltd is 368.
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.