Max Financial Services Ltd (MFSL)
₹1,524.60
Mkt cap
₹53,438 Cr
P/E ratio
492.00
P/B
9.96
Div yield
0.00%
ROE
1.52%
ROCE
2.87%
EPS (TTM)
₹3.10
Book value
₹153
52W range
1,464–1,870
Sector
Financial Services
Price history
Previous close
Max Financial Services Limited incorporated on 24 February, 1988 is part of India’s leading business conglomerate – the Max Group. Company is primarily engaged in growing and nurturing business investments and providing management advisory services to Indian group companies. [1] It owns and actively manages an 81.83% majority stake in Max Life Insurance, India’s largest non-bank life insurer and 4th largest private life insurance company. [2]
NSE MFSLBSE 500271
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthModerate
TechnicalsBearish
52-week range
−18.47% from high₹1,525
₹1,464+4.13% from low₹1,870
Current
₹1,524.60
Prev close
₹1,548.40
Day
−1.54%
Price performance
1D
−1.54%
1W
−3.08%
1M
+1.82%
3M
−4.36%
6M
−12.77%
1Y
−6.42%
YTD
−8.76%
Financials
Revenue, profit & margin
P/E ratio
492.0×
MFSL is 665% above the sector median of 64.3×
MFSL492.0×
Sector median64.3×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,168 | 10,165 | 12,356 | 14,888 | 11,799 | 13,372 | 8,923 | 12,376 | 12,822 | 9,792 | 14,259 | 10,802 | 14,970 | |
| Expenses | 9,043 | 10,021 | 12,146 | 14,945 | 11,608 | 13,199 | 8,834 | 12,356 | 12,703 | 9,771 | 14,181 | 10,808 | 14,803 | |
| Operating Profit | 125 | 144 | 209 | -57 | 190 | 173 | 89 | 20 | 119 | 21 | 78 | -6 | 167 | |
| OPM % | 1.4% | 1.4% | 1.7% | -0.4% | 1.6% | 1.3% | 1.0% | 0.2% | 0.9% | 0.2% | 0.6% | -0.1% | 1.1% | |
| Other Income | 3 | 25 | 4 | 10 | 1 | 2 | 3 | 18 | 3 | 7 | 9 | 5 | 7 | |
| Interest | 9 | 9 | 14 | 11 | 9 | 13 | 10 | 15 | 20 | 21 | 36 | 35 | 36 | |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | |
| Profit before tax | 118 | 158 | 198 | -59 | 182 | 162 | 81 | 22 | 101 | 6 | 50 | -36 | 138 | |
| Tax % | 14% | -8% | 14% | -15% | 14% | 14% | 14% | -73% | 14% | 6% | 11% | -13% | 14% | |
| Net Profit | 101 | 170 | 171 | -50 | 156 | 139 | 70 | 38 | 86 | 6 | 45 | -32 | 118 | |
| EPS in Rs | 2.54 | 4.29 | 4.30 | -1.28 | 3.69 | 3.26 | 1.62 | 0.91 | 2.02 | 0.12 | 1.06 | -0.76 | 2.77 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.92% · closed higher next day 36 of last 57
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26† | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 31 Oct '23◦ | 6 Feb '24◦ | 7 May '24◦ | 13 Aug '24◦ | 22 Oct '24◦ | 4 Feb '25◦ | 13 May '25◦ | 7 Aug '25◦ | 11 Nov '25◦ | 11 Feb '26◦ | 12 May '26◦ | 13 Aug '26◦ |
| Earnings day | −3.31% | +5.18% | +1.36% | −1.17% | +8.67% | +1.60% | +3.73% | +3.10% | +5.09% | +4.58% | −3.37% | +1.70% |
| +1 day | −3.84% | +9.09% | −0.72% | −3.35% | +10.03% | +0.65% | +5.29% | +3.42% | +4.40% | +5.24% | −1.35% | +3.92% |
| +5 days | +2.38% | +6.09% | +3.18% | +0.50% | +7.04% | −0.91% | +8.26% | +8.99% | +1.99% | +5.65% | −1.71% | +4.80% |
| +15 days | +6.48% | +5.62% | +0.22% | +6.15% | +5.31% | −6.79% | +16.70% | +7.91% | +1.79% | −1.88% | −4.37% | +2.38% |
| +30 days | +6.54% | +4.27% | +1.83% | +13.57% | +1.34% | +3.56% | +26.18% | +5.29% | +2.63% | −14.04% | −2.56% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Jun 20261.25%Promoter
Promoters1.25%
FIIs48.06%0.18
DIIs44.34%0.40
Public6.35%0.24
Ownership trend
Peers
6 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| LICI | ₹415.35 | 8.75 | 5,25,418 | 2.41% | 13,584 | +23.98% | 2,39,866 | +6.76% | 35.14% |
| SBILIFE | ₹1,775.00 | 68.47 | 1,78,095 | 0.15% | 725 | +21.97% | 46,337 | +18.82% | 14.95% |
| HDFCLIFE | ₹546.40 | 60.10 | 1,18,710 | 0.38% | 611 | +11.46% | 33,759 | +14.58% | 10.30% |
| ICICIPRULI | ₹494.55 | 44.63 | 71,761 | 0.33% | 624 | +61.94% | 3,185 | −79.69% | 10.14% |
| MFSL | ₹1,548.40 | 492.49 | 53,438 | 0.00% | 118 | +36.38% | 14,970 | +16.75% | 2.87% |
| CANHLIFE | ₹157.23 | 113.74 | 14,937 | 0.25% | 28 | +20.15% | 4,351 | +19.81% | 8.35% |
| Median: 6 Co. | ₹520.48 | 64.28 | 95,236 | 0.29% | 618 | +22.98% | 24,364 | +15.66% | 10.22% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
Concall transcripts77
TranscriptAug 2026PPTAug 2026RECAug 2026PPTMay 2026TranscriptMar 2026PPTMar 2026PPTFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025TranscriptOct 2024PPTOct 2024TranscriptAug 2024PPTAug 2024TranscriptMay 2024PPTMay 2024
Announcements5
Disclosure Under The Extant Provisions Of The SEBI (Listing Obligations And Disclosure Requirements Regulations), 2015 ('SEBI Listing Regulations') On Receipt Of Final Order From SEBI In Relation To The Show Cause Notice Issued On October 24, 2024 25 Aug - SEBI final order on Aug 24, 2026 closed proceedings against 12 noticees without penalty.Announcement under Regulation 30 (LODR)-Newspaper Publication 25 AugAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript 20 AugShareholder Meeting / Postal Ballot-Scrutinizer''s Report 20 Aug - 38th AGM voting results on August 19, 2026: all resolutions, including financial statements and director reappointment, passed.Shareholder Meeting / Postal Ballot-Outcome of AGM 19 Aug