Max Financial Services Limited Share Price & Analysis
₹1,602.3Updated 5 Jun 2026, 03:30 pm IST
LTP
₹1,602.3
—
Open
₹1,580.1
High
₹1,622.4
Low
₹1,576
Close
₹1,581.5
52W High
₹1,892
52W Low
₹1,408
Volume
311K
Lot Size
400
Sector
Financial Services
Market Cap
₹55K Cr
Face Value
₹2
Large CapNIFTY 200NIFTY 500MIDCAP 100
Price Chart
Fundamentals
P/E
662
Sector P/E
35.7
P/B
10.47
EPS
₹4.11
ROE
1.57%
ROCE
2.95%
D/E Ratio
0.35
Div Yield
0%
Book Value
₹153
+
Strengths
- ✓Low debt relative to equity (D/E 0.4x)
−
Concerns
- ✗Low capital efficiency (ROCE 3%)
- ✗Premium to sector peers (P/E 662x vs industry 35.7x)
- ✗High premium to book value (P/B 10.5x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹748 | ₹11.5L Cr | 15.2 | 1.98 | 13.8 | 7.04 | — |
| SBIN State Bank of India | ₹977 | ₹8.8L Cr | 10.6 | 1.51 | 15.4 | 6.13 | — |
| ICICIBANK ICICI Bank Limited | ₹1,261 | ₹8.8L Cr | 16.2 | 2.51 | 16.1 | 7.2 | — |
| BAJFINANCE Bajaj Finance Limited | ₹890 | ₹5.5L Cr | 28.6 | 4.86 | 18.2 | 10.8 | — |
| LICI Life Insurance Corporation Of India | ₹400 | ₹5.1L Cr | 8.83 | 2.86 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,273 | ₹3.9L Cr | 14.8 | 1.85 | 13.2 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹377 | ₹3.8L Cr | 19.8 | 2.07 | 11.2 | 6.93 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MFSL · as of Mar 2026
Promoters1.74%▼1.60
FII44.75%▼2.75
DII47.29%▲4.60
Public6.21%▼0.26
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 6.52% | 6.52% | 6.52% | 3.34% | 3.34% | 1.74% |
| FII | 50.89% | 47.70% | 46.60% | 46.23% | 47.50% | 44.75% |
| DII | 36.89% | 39.92% | 40.74% | 43.99% | 42.69% | 47.29% |
| Public | 5.69% | 5.84% | 6.14% | 6.42% | 6.47% | 6.21% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026
Results11 May 2026
Annual General Meeting
AGM15 Aug 2024
Annual General Meeting
AGM13 Aug 2023
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.3K Cr ▲45.6% | ₹9.8K Cr ▼23.6% | ₹12.8K Cr ▲3.6% | ₹12.4K Cr ▲38.7% | ₹8.9K Cr ▼33.3% | ₹13.4K Cr ▲13.3% | ₹11.8K Cr ▼20.7% | ₹14.9K Cr |
| Op. Profit | ₹78 Cr ▲271.4% | ₹21 Cr ▼82.4% | ₹119 Cr ▲495.0% | ₹20 Cr ▼77.5% | ₹89 Cr ▼48.6% | ₹173 Cr ▼8.9% | ₹190 Cr ▲433.3% | ₹-57 Cr |
| OPM | 1.0% | 0.0% ▼100.0% | 1.0% | 0.0% ▼100.0% | 1.0% ▲0.0% | 1.0% ▼50.0% | 2.0% | 0.0% |
| Net Profit | ₹45 Cr ▲650.0% | ₹6 Cr ▼93.0% | ₹86 Cr ▲126.3% | ₹38 Cr ▼45.7% | ₹70 Cr ▼49.6% | ₹139 Cr ▼10.9% | ₹156 Cr ▲412.0% | ₹-50 Cr |
| EPS (₹) | 1.06 ▲783.3% | 0.12 ▼94.1% | 2.02 ▲122.0% | 0.91 ▼43.8% | 1.62 ▼50.3% | 3.26 ▼11.7% | 3.69 ▲388.3% | -1.28 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹47.7K Cr ▲2.6% | ₹46.5K Cr ▼0.2% | ₹46.6K Cr ▲48.3% | ₹31.4K Cr ▲0.7% | ₹31.2K Cr ▼0.3% | ₹31.3K Cr ▲71.5% | ₹18.2K Cr ▼6.5% | ₹19.5K Cr ▲19.4% | ₹16.3K Cr ▲7.2% | ₹15.2K Cr |
| Expenses | ₹47.5K Cr ▲3.2% | ₹46.0K Cr ▼0.3% | ₹46.1K Cr ▲49.5% | ₹30.9K Cr ▲0.3% | ₹30.8K Cr ▲0.3% | ₹30.7K Cr ▲72.5% | ₹17.8K Cr ▼6.4% | ₹19.0K Cr ▲20.2% | ₹15.8K Cr ▲9.2% | ₹14.5K Cr |
| Op. Profit | ₹212 Cr ▼55.5% | ₹476 Cr ▲11.7% | ₹426 Cr ▼23.1% | ₹554 Cr ▲34.1% | ₹413 Cr ▼29.4% | ₹585 Cr ▲29.4% | ₹452 Cr ▼10.8% | ₹507 Cr ▼4.5% | ₹531 Cr ▼31.1% | ₹771 Cr |
| OPM | 0.0% ▼100.0% | 1.0% ▲0.0% | 1.0% ▼50.0% | 2.0% ▲100.0% | 1.0% ▼50.0% | 2.0% ▲0.0% | 2.0% ▼33.3% | 3.0% ▲0.0% | 3.0% ▼40.0% | 5.0% |
| Other Income | ₹23 Cr ▲9.5% | ₹21 Cr ▼41.7% | ₹36 Cr ▲125.0% | ₹16 Cr ▲166.7% | ₹6 Cr ▼53.8% | ₹13 Cr ▲550.0% | ₹2 Cr ▼33.3% | ₹3 Cr ▲200.0% | ₹1 Cr ▼50.0% | ₹2 Cr |
| Interest | ₹112 Cr ▲138.3% | ₹47 Cr ▲6.8% | ₹44 Cr ▲18.9% | ₹37 Cr ▲48.0% | ₹25 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹27 Cr | ₹0 Cr ▼100.0% | ₹9 Cr |
| Depreciation | ₹2 Cr ▼33.3% | ₹3 Cr ▲0.0% | ₹3 Cr ▼40.0% | ₹5 Cr ▲0.0% | ₹5 Cr ▲0.0% | ₹5 Cr ▼54.5% | ₹11 Cr ▲450.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▼96.8% | ₹63 Cr |
| PBT | ₹121 Cr ▼72.9% | ₹447 Cr ▲7.7% | ₹415 Cr ▼21.3% | ₹527 Cr ▲35.5% | ₹389 Cr ▼34.4% | ₹593 Cr ▲34.2% | ₹442 Cr ▼8.1% | ₹481 Cr ▼9.2% | ₹530 Cr ▼24.5% | ₹702 Cr |
| Tax % | 13.0% ▲30.0% | 10.0% ▲100.0% | 5.0% ▼64.3% | 14.0% ▼22.2% | 18.0% ▲200.0% | 6.0% ▼84.2% | 38.0% ▲192.3% | 13.0% ▼23.5% | 17.0% ▲13.3% | 15.0% |
| Net Profit | ₹106 Cr ▼73.7% | ₹403 Cr ▲2.5% | ₹393 Cr ▼13.1% | ₹452 Cr ▲42.1% | ₹318 Cr ▼43.2% | ₹560 Cr ▲105.1% | ₹273 Cr ▼34.4% | ₹416 Cr ▼5.9% | ₹442 Cr ▼25.5% | ₹593 Cr |
| EPS (₹) | 2.43 ▼74.4% | 9.48 ▼3.8% | 9.85 ▼10.2% | 10.97 ▲49.5% | 7.34 ▼40.5% | 12.33 ▲129.2% | 5.38 ▼44.8% | 9.75 ▼8.6% | 10.67 ▼27.9% | 14.79 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹69 Cr ▲0.0% | ₹69 Cr ▲0.0% | ₹69 Cr ▲0.0% | ₹69 Cr ▲0.0% | ₹69 Cr ▲0.0% | ₹69 Cr ▲27.8% | ₹54 Cr ▲0.0% | ₹54 Cr ▲0.0% | ₹54 Cr ▲1.9% | ₹53 Cr |
| Reserves | ₹5.2K Cr ▲0.6% | ₹5.2K Cr ▲37.1% | ₹3.8K Cr ▲10.1% | ₹3.5K Cr ▼10.8% | ₹3.9K Cr ▲18.1% | ₹3.3K Cr ▲56.4% | ₹2.1K Cr ▲4.4% | ₹2.0K Cr ▲13.5% | ₹1.8K Cr ▼22.6% | ₹2.3K Cr |
| Borrowings | ₹1.8K Cr ▲78.3% | ₹1.0K Cr ▲96.2% | ₹523 Cr ▲0.0% | ₹523 Cr ▲0.2% | ₹522 Cr ▲17300.0% | ₹3 Cr ▲0.0% | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Liabilities | ₹1.9L Cr ▲3.3% | ₹1.8L Cr ▲16.0% | ₹1.6L Cr ▲23.9% | ₹1.3L Cr ▲12.8% | ₹1.1L Cr ▲19.6% | ₹94.7K Cr ▲30.9% | ₹72.4K Cr ▲11.2% | ₹65.1K Cr ▲20.5% | ₹54.0K Cr ▲21.7% | ₹44.4K Cr |
| Total Liabilities | ₹2.0L Cr ▲3.6% | ₹1.9L Cr ▲16.7% | ₹1.6L Cr ▲23.5% | ₹1.3L Cr ▲12.0% | ₹1.2L Cr ▲20.1% | ₹98.1K Cr ▲31.6% | ₹74.5K Cr ▲11.0% | ₹67.2K Cr ▲20.3% | ₹55.8K Cr ▲19.5% | ₹46.7K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹608 Cr ▼0.3% | ₹610 Cr ▼0.3% | ₹612 Cr ▼0.3% | ₹614 Cr ▼0.3% | ₹616 Cr ▼3.6% | ₹639 Cr ▼0.3% | ₹641 Cr ▲15.3% | ₹556 Cr ▲0.0% | ₹556 Cr ▼24.9% | ₹740 Cr |
| CWIP | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹3 Cr |
| Investments | ₹10.2K Cr ▼94.3% | ₹1.8L Cr ▲17.6% | ₹1.5L Cr ▲24.0% | ₹1.2L Cr ▲12.4% | ₹1.1L Cr ▲19.6% | ₹91.8K Cr ▲33.8% | ₹68.6K Cr ▲8.4% | ₹63.2K Cr ▲20.0% | ₹52.7K Cr ▲19.6% | ₹44.1K Cr |
| Other Assets | ₹1.9L Cr ▲1849.0% | ₹9.5K Cr ▲3.8% | ₹9.2K Cr ▲17.2% | ₹7.9K Cr ▲7.0% | ₹7.3K Cr ▲29.8% | ₹5.7K Cr ▲6.2% | ₹5.3K Cr ▲58.5% | ₹3.4K Cr ▲29.0% | ₹2.6K Cr ▲34.3% | ₹1.9K Cr |
| Total Assets | ₹2.0L Cr ▲3.6% | ₹1.9L Cr ▲16.7% | ₹1.6L Cr ▲23.5% | ₹1.3L Cr ▲12.0% | ₹1.2L Cr ▲20.1% | ₹98.1K Cr ▲31.6% | ₹74.5K Cr ▲11.0% | ₹67.2K Cr ▲20.3% | ₹55.8K Cr ▲19.5% | ₹46.7K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹8.4K Cr ▲36.8% | ₹6.1K Cr ▼38.5% | ₹9.9K Cr ▲16.8% | ₹8.5K Cr ▲23.3% | ₹6.9K Cr ▲26.4% | ₹5.5K Cr ▼38.2% | ₹8.8K Cr ▲17.1% | ₹7.5K Cr ▲15.4% | ₹6.5K Cr ▲71.6% | ₹3.8K Cr |
| Investing CF | ₹-9.7K Cr ▼94.0% | ₹-5.0K Cr ▲56.7% | ₹-11.6K Cr ▼30.8% | ₹-8.8K Cr ▼28.9% | ₹-6.9K Cr ▼37.3% | ₹-5.0K Cr ▲43.2% | ₹-8.8K Cr ▼26.4% | ₹-7.0K Cr ▼10.5% | ₹-6.3K Cr ▼77.6% | ₹-3.5K Cr |
| Financing CF | ₹2.0K Cr ▲1776.1% | ₹-117 Cr ▲49.8% | ₹-233 Cr ▼160.1% | ₹388 Cr ▲521.7% | ₹-92 Cr ▲76.0% | ₹-383 Cr ▼120.1% | ₹-174 Cr ▼50.0% | ₹-116 Cr ▲46.0% | ₹-215 Cr ▼15.0% | ₹-187 Cr |
| Net Cash Flow | ₹610 Cr ▼38.1% | ₹986 Cr ▲152.8% | ₹-1.9K Cr ▼3987.5% | ₹48 Cr ▲194.1% | ₹-51 Cr ▼165.4% | ₹78 Cr ▲156.9% | ₹-137 Cr ▼129.4% | ₹466 Cr ▲2230.0% | ₹20 Cr ▼73.0% | ₹74 Cr |
| Free Cash Flow | ₹8.1K Cr ▲38.3% | ₹5.9K Cr ▼39.7% | ₹9.8K Cr ▲16.5% | ₹8.4K Cr ▲22.9% | ₹6.8K Cr ▲27.8% | ₹5.3K Cr ▼38.9% | ₹8.7K Cr ▲16.6% | ₹7.5K Cr ▲16.1% | ₹6.4K Cr ▲73.6% | ₹3.7K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0d | 0d | 0d | 0d | 0d | 0d | 0d | 0d ▼100.0% | 13d ▼18.8% | 16d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 0d | 0d | 0d | 0d | 0d | 0d | 0d | 0d ▼100.0% | 13d ▼18.8% | 16d |
| Working Capital Days | -1368d ▼16.7% | -1172d ▲16.4% | -1402d ▼13.0% | -1241d ▼19.1% | -1042d ▲22.1% | -1338d ▼16.4% | -1149d ▲0.8% | -1158d ▼1145.2% | -93d ▲7.9% | -101d |
| ROCE | 8.0% ▼20.0% | 10.0% ▼16.7% | 12.0% ▲20.0% | 10.0% ▼44.4% | 18.0% ▲12.5% | 16.0% ▼15.8% | 19.0% ▲0.0% | 19.0% ▼24.0% | 25.0% ▲92.3% | 13.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Max Financial Services Limited
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]
Financial Services · Insurance
Related Analysis
Frequently Asked Questions
What is Max Financial Services Limited share price today?▾
Max Financial Services Limited (MFSL) is currently trading at ₹1,602.3 on NSE, as of the last market session. Prices update daily after market close on MarketNetra.
Is Max Financial Services Limited available in F&O (Futures & Options)?▾
Yes, Max Financial Services Limited (MFSL) is part of the NSE F&O segment with a lot size of 400 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Max Financial Services Limited 52-week high and low?▾
Max Financial Services Limited's 52-week high is ₹1,892 and the 52-week low is ₹1,408. The current price of ₹1,602.3 is 15.3% below the 52W high.
What is Max Financial Services Limited P/E ratio?▾
Max Financial Services Limited's current P/E ratio is 662. This indicates the market is paying ₹662 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade Max Financial Services Limited options?▾
Max Financial Services Limited options are traded on NSE with monthly expiry contracts (lot size: 400 shares). To trade MFSL options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.