Share Price and Basic Stock Data
Last Updated: November 6, 2025, 9:34 pm
| PEG Ratio | 160.92 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Max Financial Services Ltd operates within the finance and life insurance sector, focusing on providing comprehensive financial solutions. As of the latest reported period, the company’s share price stood at ₹1,524 with a market capitalization of ₹52,599 Cr. The revenue for the financial year ending March 2024 was reported at ₹46,576 Cr, reflecting a robust growth trajectory from ₹31,415 Cr in March 2023. Quarterly sales demonstrated a consistent upward trend, peaking at ₹14,888 Cr in March 2024, compared to ₹9,929 Cr in March 2023. This growth trajectory indicates a significant recovery and expansion after previous years of relative stagnation. The operating profit margin, although low at 1%, suggests a focus on volume over margin, typical for the insurance sector where customer acquisition remains a priority. The company reported a total of ₹5,206 Cr in reserves, indicating a solid foundation for future growth and stability. The increase in quarterly sales from ₹9,168 Cr in June 2023 to ₹10,165 Cr in September 2023 further reinforces this positive trend.
Profitability and Efficiency Metrics
Max Financial Services Ltd reported a net profit of ₹403 Cr for the fiscal year ending March 2025, a slight decline from ₹452 Cr recorded in March 2023. The return on equity (ROE) stood at 7.26%, while return on capital employed (ROCE) was reported at 8.13%. These ratios indicate moderate profitability relative to equity and capital employed, suggesting that while the company is generating returns, there is significant room for improvement compared to industry averages. The interest coverage ratio (ICR) of 10.56x indicates strong capability in meeting interest obligations, providing a cushion against financial distress. However, the operating profit margin (OPM) remains low at 1%, reflecting cost pressures or pricing strategies that may need reevaluation. Additionally, the company’s cash conversion cycle (CCC) stood at 0 days, indicating efficient management of cash flow, which is critical in the insurance industry where liquidity is essential for meeting claims and operational obligations.
Balance Sheet Strength and Financial Ratios
The balance sheet of Max Financial Services Ltd reflects a total asset value of ₹189,999 Cr, with total liabilities reported at ₹189,999 Cr, indicating a balanced financial structure. The company’s borrowings have increased significantly to ₹1,026 Cr from ₹523 Cr in March 2024, raising concerns about leverage and financial risk. The total debt to equity ratio stands at 0.19, showcasing a conservative approach to financing, typical for firms in the insurance sector that prioritize stability. The book value per share increased to ₹153.58 in March 2025, up from ₹115.49 in March 2023, indicating growth in shareholder value. Despite these strengths, the price-to-book value (P/BV) ratio of 7.47x suggests that the stock may be overvalued compared to its book value, a common concern in high-growth sectors. Overall, while the balance sheet shows resilience, the rising debt levels warrant careful monitoring.
Shareholding Pattern and Investor Confidence
Max Financial Services Ltd has a diverse shareholding structure, with foreign institutional investors (FIIs) holding 44.78% and domestic institutional investors (DIIs) at 47.26%. This strong institutional backing reflects investor confidence in the company’s growth prospects. However, promoter holding has significantly decreased to 1.71% in March 2025 from 11.45% in December 2022, raising questions about insider confidence in the company’s future. The number of shareholders stood at 76,239, indicating a growing retail investor base, which is a positive sign for liquidity and market interest. The decline in promoter holding could suggest a strategic shift or need for capital, which may influence market perception negatively. The public holding remained stable at 6.24%, indicating a consistent retail presence, but the volatility in promoter stakes may affect overall investor sentiment.
Outlook, Risks, and Final Insight
Max Financial Services Ltd is positioned for growth, driven by increasing revenues and a robust institutional investor base. However, the company faces risks, including rising debt levels and declining promoter confidence, which could impact market valuations and operational flexibility. The low operating profit margins may limit the company’s ability to invest in growth initiatives or enhance shareholder returns. Future strategies may need to focus on improving profitability and managing debt effectively to bolster confidence among stakeholders. Additionally, the company must navigate potential regulatory changes in the insurance sector that could impact profitability. In a scenario of improved margins and effective debt management, Max Financial Services could enhance its market position. Conversely, if current trends continue, the company may face challenges in sustaining investor confidence and achieving long-term growth.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Max Financial Services Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| SBI Life Insurance Company Ltd (SBILIFE) | 1,97,486 Cr. | 1,971 | 1,997/1,373 | 80.5 | 182 | 0.14 % | 16.9 % | 15.1 % | 10.0 |
| Max Financial Services Ltd | 54,668 Cr. | 1,584 | 1,679/950 | 201 | 153 | 0.00 % | 8.13 % | 7.26 % | 2.00 |
| ICICI Prudential Life Insurance Company Ltd | 87,387 Cr. | 604 | 724/517 | 66.9 | 87.9 | 0.14 % | 11.9 % | 10.4 % | 10.0 |
| HDFC Life Insurance Company Ltd | 1,58,667 Cr. | 736 | 821/584 | 83.8 | 78.7 | 0.29 % | 6.58 % | 10.8 % | 10.0 |
| Industry Average | 124,552.00 Cr | 1,223.75 | 108.05 | 125.40 | 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: October 15, 2025, 4:52 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,619 | 14,907 | 11,710 | 15,247 | 16,338 | 19,510 | 18,240 | 31,275 | 31,182 | 31,415 | 46,576 | 46,469 | 47,492 |
| Expenses | 11,167 | 14,188 | 11,179 | 14,476 | 15,807 | 19,003 | 17,788 | 30,689 | 30,769 | 30,862 | 46,150 | 45,994 | 47,094 |
| Operating Profit | 452 | 718 | 531 | 771 | 531 | 507 | 452 | 585 | 413 | 554 | 426 | 476 | 399 |
| OPM % | 4% | 5% | 5% | 5% | 3% | 3% | 2% | 2% | 1% | 2% | 1% | 1% | 1% |
| Other Income | 54 | 30 | 2 | 2 | 1 | 3 | 2 | 13 | 6 | 16 | 36 | 21 | 28 |
| Interest | 93 | 82 | 8 | 9 | 0 | 27 | 0 | 0 | 25 | 37 | 44 | 47 | 58 |
| Depreciation | 138 | 154 | 60 | 63 | 2 | 2 | 11 | 5 | 5 | 5 | 3 | 3 | 3 |
| Profit before tax | 274 | 512 | 465 | 702 | 530 | 481 | 442 | 593 | 389 | 527 | 415 | 447 | 366 |
| Tax % | 24% | 29% | 15% | 15% | 17% | 13% | 38% | 6% | 18% | 14% | 5% | 10% | |
| Net Profit | 209 | 365 | 393 | 593 | 442 | 416 | 273 | 560 | 318 | 452 | 393 | 403 | 334 |
| EPS in Rs | 5.24 | 10.49 | 9.47 | 14.79 | 10.67 | 9.75 | 5.38 | 12.33 | 7.34 | 10.97 | 9.85 | 9.48 | 7.81 |
| Dividend Payout % | 69% | 48% | 38% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 74.64% | 7.67% | 50.89% | -25.46% | -5.88% | -34.38% | 105.13% | -43.21% | 42.14% | -13.05% | 2.54% |
| Change in YoY Net Profit Growth (%) | 0.00% | -66.97% | 43.22% | -76.35% | 19.58% | -28.49% | 139.50% | -148.34% | 85.35% | -55.19% | 15.60% |
Max Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 21% |
| 3 Years: | 14% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 18% |
| 3 Years: | 9% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 22% |
| 3 Years: | 26% |
| 1 Year: | 43% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 7% |
Last Updated: Unknown
Balance Sheet
Last Updated: October 10, 2025, 2:31 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 54 | 54 | 54 | 69 | 69 | 69 | 69 | 69 |
| Reserves | 2,931 | 3,249 | 1,912 | 2,281 | 1,766 | 2,005 | 2,093 | 3,274 | 3,866 | 3,450 | 3,797 | 5,206 |
| Borrowings | 767 | 543 | -0 | -0 | -0 | -0 | 3 | 3 | 522 | 523 | 523 | 1,026 |
| Other Liabilities | 25,366 | 31,658 | 36,181 | 44,405 | 54,022 | 65,097 | 72,377 | 94,710 | 113,291 | 127,783 | 158,383 | 183,698 |
| Total Liabilities | 29,117 | 35,503 | 38,147 | 46,739 | 55,842 | 67,156 | 74,526 | 98,057 | 117,747 | 131,824 | 162,771 | 189,999 |
| Fixed Assets | 1,592 | 1,200 | 349 | 740 | 556 | 556 | 641 | 639 | 616 | 614 | 612 | 610 |
| CWIP | 55 | 39 | 37 | 3 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 25,134 | 32,015 | 36,102 | 44,059 | 52,683 | 63,245 | 68,566 | 91,766 | 109,794 | 123,355 | 152,959 | 179,841 |
| Other Assets | 2,336 | 2,249 | 1,660 | 1,938 | 2,602 | 3,356 | 5,320 | 5,652 | 7,337 | 7,854 | 9,201 | 9,548 |
| Total Assets | 29,117 | 35,503 | 38,147 | 46,739 | 55,842 | 67,156 | 74,526 | 98,057 | 117,747 | 131,824 | 162,771 | 189,999 |
Below is a detailed analysis of the balance sheet data for Max Financial Services Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 69.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 69.00 Cr..
- For Reserves, as of Mar 2025, the value is 5,206.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,797.00 Cr. (Mar 2024) to 5,206.00 Cr., marking an increase of 1,409.00 Cr..
- For Borrowings, as of Mar 2025, the value is 1,026.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 523.00 Cr. (Mar 2024) to 1,026.00 Cr., marking an increase of 503.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 183,698.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 158,383.00 Cr. (Mar 2024) to 183,698.00 Cr., marking an increase of 25,315.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 189,999.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 162,771.00 Cr. (Mar 2024) to 189,999.00 Cr., marking an increase of 27,228.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 610.00 Cr.. The value appears to be declining and may need further review. It has decreased from 612.00 Cr. (Mar 2024) to 610.00 Cr., marking a decrease of 2.00 Cr..
- For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Investments, as of Mar 2025, the value is 179,841.00 Cr.. The value appears strong and on an upward trend. It has increased from 152,959.00 Cr. (Mar 2024) to 179,841.00 Cr., marking an increase of 26,882.00 Cr..
- For Other Assets, as of Mar 2025, the value is 9,548.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,201.00 Cr. (Mar 2024) to 9,548.00 Cr., marking an increase of 347.00 Cr..
- For Total Assets, as of Mar 2025, the value is 189,999.00 Cr.. The value appears strong and on an upward trend. It has increased from 162,771.00 Cr. (Mar 2024) to 189,999.00 Cr., marking an increase of 27,228.00 Cr..
Notably, the Reserves (5,206.00 Cr.) exceed the Borrowings (1,026.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -315.00 | 175.00 | 531.00 | 771.00 | 531.00 | 507.00 | 449.00 | 582.00 | -109.00 | 31.00 | -97.00 | 475.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 17 | 16 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 73 | 84 | ||||||||||
| Days Payable | 374 | 424 | ||||||||||
| Cash Conversion Cycle | -281 | -324 | 16 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -100 | -74 | -101 | -93 | -1,158 | -1,149 | -1,338 | -1,042 | -1,241 | -1,402 | -1,172 | -1,368 |
| ROCE % | 8% | 13% | 13% | 25% | 19% | 19% | 16% | 18% | 10% | 12% | 10% | 8% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Mid-Cap Opportunities Fund - Regular Plan | 17,616,121 | 3.44 | 1795.44 | 17,616,121 | 2025-04-22 13:31:13 | 0% |
| Nippon India Multi Cap Fund | 5,150,000 | 2.31 | 524.89 | 5,150,000 | 2025-04-22 15:56:55 | 0% |
| Nippon India Growth Fund | 4,978,243 | 2.37 | 507.38 | 4,978,243 | 2025-04-22 17:25:26 | 0% |
| Mirae Asset Large & Midcap Fund | 4,091,699 | 1.38 | 417.03 | 4,091,699 | 2025-04-22 17:25:26 | 0% |
| Mirae Asset Large Cap Fund | 3,740,072 | 1.05 | 381.19 | 3,740,072 | 2025-04-22 15:56:55 | 0% |
| Kotak Emerging Equity Fund - Regular Plan | 3,592,291 | 1 | 366.13 | 3,592,291 | 2025-04-22 17:25:26 | 0% |
| Canara Robeco Emerging Equities | 3,340,702 | 1.81 | 340.48 | 3,340,702 | 2025-04-22 17:25:26 | 0% |
| Kotak Flexicap Fund - Regular Plan | 3,100,000 | 0.76 | 315.95 | 3,100,000 | 2025-04-22 14:53:35 | 0% |
| Mirae Asset Focused Fund | 2,742,954 | 3.08 | 279.56 | 2,742,954 | 2025-04-22 17:25:26 | 0% |
| Mirae Asset Midcap Fund | 2,611,508 | 2.08 | 266.16 | 2,611,508 | 2025-04-22 17:25:26 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 9.53 | 9.85 | 10.97 | 7.34 | 14.51 |
| Diluted EPS (Rs.) | 9.53 | 9.85 | 10.97 | 7.34 | 14.51 |
| Cash EPS (Rs.) | 11.83 | 11.52 | 13.29 | 9.37 | 16.37 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 153.58 | 112.50 | 115.49 | 129.95 | 104.47 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 153.58 | 112.50 | 115.49 | 129.95 | 104.47 |
| Revenue From Operations / Share (Rs.) | 1353.02 | 1355.44 | 914.19 | 903.50 | 906.25 |
| PBDIT / Share (Rs.) | 14.57 | 13.44 | 16.57 | 12.12 | 17.34 |
| PBIT / Share (Rs.) | 14.48 | 13.34 | 16.43 | 11.98 | 17.19 |
| PBT / Share (Rs.) | 13.11 | 12.07 | 15.34 | 11.26 | 17.18 |
| Net Profit / Share (Rs.) | 11.75 | 11.43 | 13.15 | 9.23 | 16.22 |
| NP After MI And SOA / Share (Rs.) | 9.53 | 9.90 | 11.01 | 7.34 | 12.33 |
| PBDIT Margin (%) | 1.07 | 0.99 | 1.81 | 1.34 | 1.91 |
| PBIT Margin (%) | 1.07 | 0.98 | 1.79 | 1.32 | 1.89 |
| PBT Margin (%) | 0.96 | 0.89 | 1.67 | 1.24 | 1.89 |
| Net Profit Margin (%) | 0.86 | 0.84 | 1.43 | 1.02 | 1.78 |
| NP After MI And SOA Margin (%) | 0.70 | 0.73 | 1.20 | 0.81 | 1.36 |
| Return on Networth / Equity (%) | 6.20 | 8.79 | 10.75 | 6.43 | 12.72 |
| Return on Capital Employeed (%) | 6.54 | 7.93 | 10.59 | 7.75 | 0.60 |
| Return On Assets (%) | 0.17 | 0.20 | 0.28 | 0.21 | 0.43 |
| Long Term Debt / Equity (X) | 0.00 | 0.13 | 0.14 | 0.00 | 0.00 |
| Total Debt / Equity (X) | 0.19 | 0.13 | 0.14 | 0.00 | 0.00 |
| Asset Turnover Ratio (%) | 0.26 | 0.31 | 0.00 | 0.00 | 0.01 |
| Current Ratio (X) | 1.03 | 1.02 | 1.02 | 1.03 | 2109.36 |
| Quick Ratio (X) | 1.03 | 1.02 | 1.02 | 1.03 | 2109.36 |
| Interest Coverage Ratio (X) | 10.56 | 10.58 | 15.20 | 16.91 | 2239.83 |
| Interest Coverage Ratio (Post Tax) (X) | 9.59 | 10.00 | 13.06 | 13.87 | 2095.87 |
| Enterprise Value (Cr.) | 40446.39 | 34539.35 | 21745.73 | 25968.97 | 29409.01 |
| EV / Net Operating Revenue (X) | 0.87 | 0.74 | 0.69 | 0.83 | 0.94 |
| EV / EBITDA (X) | 80.84 | 74.81 | 38.20 | 62.07 | 49.14 |
| MarketCap / Net Operating Revenue (X) | 0.84 | 0.73 | 0.69 | 0.83 | 0.94 |
| Price / BV (X) | 7.47 | 8.90 | 6.20 | 6.61 | 8.87 |
| Price / Net Operating Revenue (X) | 0.84 | 0.73 | 0.69 | 0.83 | 0.94 |
| EarningsYield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
After reviewing the key financial ratios for Max Financial Services Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 9.53. This value is within the healthy range. It has decreased from 9.85 (Mar 24) to 9.53, marking a decrease of 0.32.
- For Diluted EPS (Rs.), as of Mar 25, the value is 9.53. This value is within the healthy range. It has decreased from 9.85 (Mar 24) to 9.53, marking a decrease of 0.32.
- For Cash EPS (Rs.), as of Mar 25, the value is 11.83. This value is within the healthy range. It has increased from 11.52 (Mar 24) to 11.83, marking an increase of 0.31.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 153.58. It has increased from 112.50 (Mar 24) to 153.58, marking an increase of 41.08.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 153.58. It has increased from 112.50 (Mar 24) to 153.58, marking an increase of 41.08.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,353.02. It has decreased from 1,355.44 (Mar 24) to 1,353.02, marking a decrease of 2.42.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 14.57. This value is within the healthy range. It has increased from 13.44 (Mar 24) to 14.57, marking an increase of 1.13.
- For PBIT / Share (Rs.), as of Mar 25, the value is 14.48. This value is within the healthy range. It has increased from 13.34 (Mar 24) to 14.48, marking an increase of 1.14.
- For PBT / Share (Rs.), as of Mar 25, the value is 13.11. This value is within the healthy range. It has increased from 12.07 (Mar 24) to 13.11, marking an increase of 1.04.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 11.75. This value is within the healthy range. It has increased from 11.43 (Mar 24) to 11.75, marking an increase of 0.32.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 9.53. This value is within the healthy range. It has decreased from 9.90 (Mar 24) to 9.53, marking a decrease of 0.37.
- For PBDIT Margin (%), as of Mar 25, the value is 1.07. This value is below the healthy minimum of 10. It has increased from 0.99 (Mar 24) to 1.07, marking an increase of 0.08.
- For PBIT Margin (%), as of Mar 25, the value is 1.07. This value is below the healthy minimum of 10. It has increased from 0.98 (Mar 24) to 1.07, marking an increase of 0.09.
- For PBT Margin (%), as of Mar 25, the value is 0.96. This value is below the healthy minimum of 10. It has increased from 0.89 (Mar 24) to 0.96, marking an increase of 0.07.
- For Net Profit Margin (%), as of Mar 25, the value is 0.86. This value is below the healthy minimum of 5. It has increased from 0.84 (Mar 24) to 0.86, marking an increase of 0.02.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 0.70. This value is below the healthy minimum of 8. It has decreased from 0.73 (Mar 24) to 0.70, marking a decrease of 0.03.
- For Return on Networth / Equity (%), as of Mar 25, the value is 6.20. This value is below the healthy minimum of 15. It has decreased from 8.79 (Mar 24) to 6.20, marking a decrease of 2.59.
- For Return on Capital Employeed (%), as of Mar 25, the value is 6.54. This value is below the healthy minimum of 10. It has decreased from 7.93 (Mar 24) to 6.54, marking a decrease of 1.39.
- For Return On Assets (%), as of Mar 25, the value is 0.17. This value is below the healthy minimum of 5. It has decreased from 0.20 (Mar 24) to 0.17, marking a decrease of 0.03.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.13 (Mar 24) to 0.00, marking a decrease of 0.13.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.19. This value is within the healthy range. It has increased from 0.13 (Mar 24) to 0.19, marking an increase of 0.06.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.26. It has decreased from 0.31 (Mar 24) to 0.26, marking a decrease of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 1.03. This value is below the healthy minimum of 1.5. It has increased from 1.02 (Mar 24) to 1.03, marking an increase of 0.01.
- For Quick Ratio (X), as of Mar 25, the value is 1.03. This value is within the healthy range. It has increased from 1.02 (Mar 24) to 1.03, marking an increase of 0.01.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 10.56. This value is within the healthy range. It has decreased from 10.58 (Mar 24) to 10.56, marking a decrease of 0.02.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 9.59. This value is within the healthy range. It has decreased from 10.00 (Mar 24) to 9.59, marking a decrease of 0.41.
- For Enterprise Value (Cr.), as of Mar 25, the value is 40,446.39. It has increased from 34,539.35 (Mar 24) to 40,446.39, marking an increase of 5,907.04.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.87. This value is below the healthy minimum of 1. It has increased from 0.74 (Mar 24) to 0.87, marking an increase of 0.13.
- For EV / EBITDA (X), as of Mar 25, the value is 80.84. This value exceeds the healthy maximum of 15. It has increased from 74.81 (Mar 24) to 80.84, marking an increase of 6.03.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.84. This value is below the healthy minimum of 1. It has increased from 0.73 (Mar 24) to 0.84, marking an increase of 0.11.
- For Price / BV (X), as of Mar 25, the value is 7.47. This value exceeds the healthy maximum of 3. It has decreased from 8.90 (Mar 24) to 7.47, marking a decrease of 1.43.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.84. This value is below the healthy minimum of 1. It has increased from 0.73 (Mar 24) to 0.84, marking an increase of 0.11.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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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: 201 (Industry average Stock P/E: 108.05)
- 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 06 November 2025) is 1821.86 which is 15.02% higher the current market price of 1,584.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 54,668 Cr. market cap, FY2025-2026 high/low of 1,679/950, reserves of ₹5,206 Cr, and liabilities of 189,999 Cr.
What is the Market Cap of Max Financial Services Ltd?
The Market Cap of Max Financial Services Ltd is 54,668 Cr..
What is the current Stock Price of Max Financial Services Ltd as on 06 November 2025?
The current stock price of Max Financial Services Ltd as on 06 November 2025 is 1,584.
What is the High / Low of Max Financial Services Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Max Financial Services Ltd stocks is 1,679/950.
What is the Stock P/E of Max Financial Services Ltd?
The Stock P/E of Max Financial Services Ltd is 201.
What is the Book Value of Max Financial Services Ltd?
The Book Value of Max Financial Services Ltd is 153.
What is the Dividend Yield of Max Financial Services Ltd?
The Dividend Yield of Max Financial Services Ltd is 0.00 %.
What is the ROCE of Max Financial Services Ltd?
The ROCE of Max Financial Services Ltd is 8.13 %.
What is the ROE of Max Financial Services Ltd?
The ROE of Max Financial Services Ltd is 7.26 %.
What is the Face Value of Max Financial Services Ltd?
The Face Value of Max Financial Services Ltd is 2.00.