Max Financial Services Limited

NSE: MFSL · Financial Services · Lot size: 400

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Max Financial Services Limited Share Price & Analysis

₹1,525.7Updated 22 Jul 2026, 03:30 pm IST
LTP
₹1,525.7
—
Open
₹1,539.4
High
₹1,540.8
Low
₹1,511.3
Close
₹1,539.4
52W High
₹1,892
52W Low
₹1,408
Volume
433K
Lot Size
400
Sector
Financial Services
Market Cap
₹53K Cr
Face Value
₹2
Large CapNIFTY 200NIFTY 500MIDCAP 100

Price Chart

Fundamentals

P/E
639
Sector P/E
35.4
P/B
9.97
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 639x vs industry 35.4x)
  • ✗High premium to book value (P/B 10x)

Peer Comparison

CompanyCMPMkt CapP/EP/BROE %ROCE %D/E
HDFCBANK
HDFC Bank Limited
₹754
₹12.6L Cr161.9313.67.02—
ICICIBANK
ICICI Bank Limited
₹1,440
₹10.4L Cr18.52.7317.37.59—
SBIN
State Bank of India
₹1,025
₹9.6L Cr11.61.5915.46.13—
BAJFINANCE
Bajaj Finance Limited
₹1,056
₹6.6L Cr34.25.7718.210.9—
LICI
Life Insurance Corporation Of India
₹424
₹5.5L Cr9.543.0337.835.10
AXISBANK
Axis Bank Limited
₹1,234
₹4.1L Cr14.91.7313.16.24—
KOTAKBANK
Kotak Mahindra Bank Limited
₹382
₹3.9L Cr19.42.111.46.98—

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
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters6.52%6.52%6.52%3.34%3.34%1.74%
FII50.89%47.70%46.60%46.23%47.50%44.75%
DII36.89%39.92%40.74%43.99%42.69%47.29%
Public5.69%5.84%6.14%6.42%6.47%6.21%

Corporate Events

Board Meeting for consideration of un-audited financial results of the Company for the quarter ending June 30, 2026

Results12 Aug 2026

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

Latest News

All news →

Max Financial discloses update on Axis Max Life Insurance

*Max Financial discloses update on Axis Max Life Insurance* Max Financial Services has issued a regulatory update concerning Axis Max Life Insurance, its material subsidiary. The disclosure is made under SEBI LODR Regulation 30 and pertains to standard compliance requirements. No financial impact or strategic change was indicated. 📊 *STOCKS:* MFSL | 🏢 *SECTOR:* Financial Services | #LOWIMPACT #disclosure

NSE Filing8 Jul
Low Impact

Max Financial Services shares unchanged after postal ballot results

*Max Financial Services shares unchanged after postal ballot results.* The company submitted the scrutinizers report and voting results of the postal ballot held on May 12, 2026, to the stock exchange. The ballot pertained to routine corporate matters with no immediate financial impact. Shareholders approved all resolutions as per the filing. 📊 *STOCKS:* MFSL | 🏢 *SECTOR:* Financial Services | #LOWIMPACT #ShareholderMeeting

NSE Filing6 Jul
Low Impact

Max Financial discloses regulatory update on Axis Max Life

*Max Financial discloses regulatory update on Axis Max Life* as per SEBI LODR norms. The filing relates to compliance requirements concerning its material subsidiary Axis Max Life Insurance. No financial figures or strategic developments were disclosed. Details remain procedural and non-material. 📊 *STOCKS:* MFSL | 🏢 *SECTOR:* Corporate | #LOWIMPACT #Regulatory

NSE Filing1 Jul
Low Impact

Financials

Quarterly Results

MetricDec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 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

MetricMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 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

ItemSep 2025Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 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

ItemMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 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

MetricMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 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

Option Chain
Strike-wise OI & IV
OI Analysis
PCR, buildup type
FII / DII
Institutional flows
Max Pain
Writer pain levels

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

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Frequently Asked Questions

What is Max Financial Services Limited share price today?▾
Max Financial Services Limited (MFSL) is currently trading at ₹1,525.7 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 ₹1,525.7 is 19.4% below the 52W high.
What is Max Financial Services Limited P/E ratio?▾
Max Financial Services Limited's current P/E ratio is 639. This indicates the market is paying ₹639 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.