Share Price and Basic Stock Data
Last Updated: January 6, 2026, 7:28 pm
| PEG Ratio | -42.33 |
|---|
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 and life insurance sector, where it has established a notable presence. As of October 2023, the company’s share price stood at ₹1,731, with a market capitalization of ₹59,746 Cr. The company reported a sales figure of ₹31,415 Cr for the financial year ending March 2023, reflecting a steady growth trajectory from ₹31,182 Cr in the previous year. Sales for the trailing twelve months (TTM) stood at ₹43,912 Cr, indicating a strong operational performance. Over the last few quarters, quarterly sales have shown fluctuations, with the highest recorded at ₹12,355.68 Cr in December 2023. This upward trend in sales demonstrates the company’s ability to navigate the competitive landscape effectively, particularly as it aims for a sales target of ₹46,576 Cr for the financial year ending March 2024. The company’s performance is supported by a consistent operational model that has allowed it to maintain a competitive edge in a growing market.
Profitability and Efficiency Metrics
Max Financial Services Ltd’s profitability metrics reveal a mixed performance landscape. The reported net profit for the financial year ending March 2023 was ₹452 Cr, slightly down from ₹318 Cr in March 2022. The operating profit margin (OPM) stood at a modest 1% for the financial year 2025, lower than typical sector benchmarks. In the recent quarter ending September 2023, the OPM was recorded at 1.42%, indicating a slight improvement from previous quarters. However, the return on equity (ROE) at 7.26% and return on capital employed (ROCE) at 8.13% suggest that the company is facing challenges in generating returns that are competitive within the life insurance sector. The interest coverage ratio (ICR) of 10.56x indicates a healthy ability to cover interest expenses, reflecting financial stability. Nevertheless, the company’s net profit margin of 0.86% points to the need for operational efficiencies to enhance profitability.
Balance Sheet Strength and Financial Ratios
The balance sheet of Max Financial Services Ltd reflects a robust structure, with total assets reported at ₹189,999 Cr as of March 2025, up from ₹162,771 Cr in March 2024. The company’s reserves increased to ₹5,235 Cr, providing a solid cushion for future growth. Borrowings stood at ₹1,829 Cr, indicating a low leverage ratio that supports a sound financial position. The debt-to-equity ratio at 0.19x suggests that the company is primarily equity-financed, minimizing financial risk. The price-to-book value (P/BV) ratio of 7.47x indicates a premium valuation relative to its book value, which is consistent with market expectations for growth-oriented companies in the life insurance sector. Furthermore, the current ratio of 1.03x and quick ratio of 1.03x indicate adequate liquidity to meet short-term obligations, although these ratios hover around the industry average, suggesting a cautious approach to liquidity management.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Max Financial Services Ltd reveals a diversified ownership structure, with foreign institutional investors (FIIs) holding 44.78% and domestic institutional investors (DIIs) holding 47.26% as of September 2025. This reflects strong institutional interest and confidence in the company’s long-term growth prospects. However, promoter ownership has seen a significant decline, falling to 1.71% from 11.45% in December 2022, which may raise concerns about alignment between management and shareholder interests. The public shareholding stood at 6.24%, indicating a relatively small retail investor base. The number of shareholders has fluctuated, currently at 76,239, suggesting some volatility in public sentiment towards the stock. This composition highlights the need for the company to address promoter confidence and potentially engage in strategies to attract more retail investors to enhance market perception.
Outlook, Risks, and Final Insight
Looking ahead, Max Financial Services Ltd faces both opportunities and risks. The company’s ambitious sales target of ₹46,576 Cr for the financial year ending March 2024 presents a significant growth opportunity, supported by a favorable market environment for life insurance products. However, challenges regarding profitability, as indicated by low OPM and ROE, could hinder achieving these targets. Additionally, the declining promoter stake may impact investor confidence and corporate governance perceptions. Risks include market competition, regulatory changes, and the potential for economic downturns that could affect consumer spending on insurance products. To navigate these challenges, the company must focus on enhancing operational efficiencies and maintaining a strong balance sheet. A strategic approach that includes improving profitability metrics while fostering shareholder trust will be essential for Max Financial Services Ltd to sustain its growth trajectory in the competitive life insurance sector.
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) | 2,10,209 Cr. | 2,096 | 2,106/1,373 | 85.7 | 182 | 0.13 % | 16.9 % | 15.1 % | 10.0 |
| Max Financial Services Ltd | 59,746 Cr. | 1,731 | 1,765/950 | 366 | 154 | 0.00 % | 8.13 % | 7.26 % | 2.00 |
| ICICI Prudential Life Insurance Company Ltd | 99,677 Cr. | 688 | 698/517 | 76.3 | 87.9 | 0.12 % | 11.9 % | 10.4 % | 10.0 |
| HDFC Life Insurance Company Ltd | 1,67,870 Cr. | 778 | 821/584 | 88.7 | 78.7 | 0.27 % | 6.58 % | 10.8 % | 10.0 |
| Industry Average | 134,375.50 Cr | 1,323.25 | 154.18 | 125.65 | 0.13% | 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: 366 (Industry average Stock P/E: 154.18)
- 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 06 January 2026) is ₹3339.09 which is 92.90% higher the current market price of ₹1,731.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹59,746 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 59,746 Cr..
What is the current Stock Price of Max Financial Services Ltd as on 06 January 2026?
The current stock price of Max Financial Services Ltd as on 06 January 2026 is ₹1,731.
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 366.
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.