Max India Limited

NSE: MAXIND · Financial Services

Overview

Max India Limited Share Price & Analysis

₹163.42▼ -0.27%Updated 21 Jul 2026, 05:01 pm IST
LTP
₹163.42
-0.27%
Open
₹—
High
₹167
Low
₹162
Close
₹163.42
52W High
₹242
52W Low
₹120
Volume
21K
Lot Size
1
Sector
Financial Services
Market Cap
₹864 Cr
Face Value
₹10
Small Cap

Price Chart

Fundamentals

P/E
—
Sector P/E
35.4
P/B
2.1
EPS
₹-28.48
ROE
-33%
ROCE
-23.2%
D/E Ratio
0.24
Div Yield
0%
Book Value
₹77.7
+

Strengths

  • ✓Low debt relative to equity (D/E 0.2x)
−

Concerns

  • ✗Currently loss-making (EPS ₹-28.5)
  • ✗Negative return on equity (ROE -33%)
  • ✗Negative return on capital (ROCE -23.2%)

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

MAXIND · as of Mar 2026

Promoters50.45%▼0.49
FII6.63%▼0.14
DII0.80%▼0.14
Public42.11%▲0.76
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.94%50.94%50.94%50.94%50.94%50.45%
FII10.32%9.54%9.01%7.41%6.77%6.63%
DII0.69%0.81%0.81%0.81%0.94%0.80%
Public38.04%38.70%39.23%40.83%41.35%42.11%

Corporate Events

To consider and approve the financial results for the period ended March 31, 2026

Results27 May 2026

Rights 19:100 @ Premium Rs 140/-

Rights28 Apr 2025

Annual General Meeting

AGM12 Sept 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
₹43 Cr
▼4.4%
₹45 Cr
▲21.6%
₹37 Cr
▼11.9%
₹42 Cr
▲20.0%
₹35 Cr
▼18.6%
₹43 Cr
▲65.4%
₹26 Cr
▼42.2%
₹45 Cr
Op. Profit
₹-36 Cr
▼16.1%
₹-31 Cr
▼10.7%
₹-28 Cr
▲31.7%
₹-41 Cr
▼36.7%
₹-30 Cr
▼42.9%
₹-21 Cr
▲25.0%
₹-28 Cr
▼33.3%
₹-21 Cr
OPM
-83.0%
▼20.3%
-69.0%
▲9.2%
-76.0%
▲22.4%
-98.0%
▼15.3%
-85.0%
▼73.5%
-49.0%
▲53.8%
-106.0%
▼130.4%
-46.0%
Net Profit
₹-43 Cr
▼26.5%
₹-34 Cr
▼30.8%
₹-26 Cr
▲43.5%
₹-46 Cr
▼2.2%
₹-45 Cr
▼95.7%
₹-23 Cr
▲14.8%
₹-27 Cr
▼22.7%
₹-22 Cr
EPS (₹)
-8.17
▼25.3%
-6.52
▼32.8%
-4.91
▲44.7%
-8.88
▼2.3%
-8.68
▼96.4%
-4.42
▲15.8%
-5.25
▼25.0%
-4.2

Values in ₹ Cr · Source: Screener.in

Annual Profit & Loss

MetricMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Revenue
₹191 Cr
▲17.2%
₹163 Cr
▼14.7%
₹191 Cr
▼9.9%
₹212 Cr
▼9.0%
₹233 Cr
▲82.0%
₹128 Cr
▼39.9%
₹213 Cr
Expenses
₹300 Cr
▲13.6%
₹264 Cr
▲15.3%
₹229 Cr
▲13.4%
₹202 Cr
▼13.3%
₹233 Cr
▲55.3%
₹150 Cr
▼43.6%
₹266 Cr
Op. Profit
₹-110 Cr
▼8.9%
₹-101 Cr
▼165.8%
₹-38 Cr
▼480.0%
₹10 Cr
▲900.0%
₹1 Cr
▲104.5%
₹-22 Cr
▲58.5%
₹-53 Cr
OPM
-58.0%
▲6.5%
-62.0%
▼210.0%
-20.0%
▼500.0%
5.0%
0.0%
▲100.0%
-17.0%
▲32.0%
-25.0%
Other Income
₹28 Cr
▲380.0%
₹-10 Cr
▼350.0%
₹4 Cr
▲300.0%
₹1 Cr
▲200.0%
₹-1 Cr
▲85.7%
₹-7 Cr
▼102.2%
₹325 Cr
Interest
₹14 Cr
▲75.0%
₹8 Cr
▲60.0%
₹5 Cr
▼16.7%
₹6 Cr
▼40.0%
₹10 Cr
▼58.3%
₹24 Cr
▼11.1%
₹27 Cr
Depreciation
₹25 Cr
▲31.6%
₹19 Cr
▲90.0%
₹10 Cr
▲25.0%
₹8 Cr
▲14.3%
₹7 Cr
▼30.0%
₹10 Cr
▲25.0%
₹8 Cr
PBT
₹-121 Cr
▲12.9%
₹-139 Cr
▼183.7%
₹-49 Cr
▼1533.3%
₹-3 Cr
▲83.3%
₹-18 Cr
▲71.9%
₹-64 Cr
▼127.0%
₹237 Cr
Tax %
1.0%
▲0.0%
1.0%
▼93.3%
15.0%
▼93.9%
245.0%
▲2327.3%
-11.0%
▲35.3%
-17.0%
▼950.0%
2.0%
Net Profit
₹-122 Cr
▲12.9%
₹-140 Cr
▼150.0%
₹-56 Cr
▼460.0%
₹-10 Cr
▲37.5%
₹-16 Cr
▲69.8%
₹-53 Cr
▼122.8%
₹232 Cr
EPS (₹)
-23.2
▲14.2%
-27.05
▼146.6%
-10.97
▼440.4%
-2.03
▲19.4%
-2.52
▲69.6%
-8.3
▼100.0%
29,706
Div Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

Values in ₹ Cr · Source: Screener.in

Balance Sheet

ItemMar 2026Sep 2025Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Liabilities
Equity Capital
₹53 Cr
▲1.9%
₹52 Cr
▲18.2%
₹44 Cr
▲2.3%
₹43 Cr
▲0.0%
₹43 Cr
▼20.4%
₹54 Cr
▲0.0%
₹54 Cr
▲0.0%
₹54 Cr
Reserves
₹356 Cr
▼14.2%
₹415 Cr
▲31.7%
₹315 Cr
▼29.8%
₹449 Cr
▼10.0%
₹499 Cr
▼15.1%
₹588 Cr
▼1.8%
₹599 Cr
▼8.1%
₹652 Cr
Borrowings
₹97 Cr
▼52.5%
₹204 Cr
▲100.0%
₹102 Cr
▲131.8%
₹44 Cr
▼2.2%
₹45 Cr
▼26.2%
₹61 Cr
▼57.9%
₹145 Cr
▼20.3%
₹182 Cr
Other Liabilities
₹164 Cr
▼1.8%
₹167 Cr
▼2.9%
₹172 Cr
▲16.2%
₹148 Cr
▼10.8%
₹166 Cr
▲6.4%
₹156 Cr
▼21.2%
₹198 Cr
▲45.6%
₹136 Cr
Total Liabilities
₹669 Cr
▼20.2%
₹838 Cr
▲32.4%
₹633 Cr
▼7.5%
₹684 Cr
▼9.2%
₹753 Cr
▼12.2%
₹858 Cr
▼13.9%
₹996 Cr
▼2.7%
₹1.0K Cr
Assets
Fixed Assets
₹194 Cr
▲16.9%
₹166 Cr
▼2.4%
₹170 Cr
▼11.9%
₹193 Cr
▲21.4%
₹159 Cr
▲0.0%
₹159 Cr
▲1.9%
₹156 Cr
▲8.3%
₹144 Cr
CWIP
₹2 Cr
▼93.8%
₹32 Cr
▲52.4%
₹21 Cr
▲110.0%
₹10 Cr
₹0 Cr
₹0 Cr
₹0 Cr
▼100.0%
₹1 Cr
Investments
₹34 Cr
▼42.4%
₹59 Cr
▲11.3%
₹53 Cr
▼15.9%
₹63 Cr
▼24.1%
₹83 Cr
▼53.4%
₹178 Cr
▼46.7%
₹334 Cr
▼19.3%
₹414 Cr
Other Assets
₹438 Cr
▼24.6%
₹581 Cr
▲49.4%
₹389 Cr
▼6.9%
₹418 Cr
▼18.2%
₹511 Cr
▼2.1%
₹522 Cr
▲3.2%
₹506 Cr
▲8.8%
₹465 Cr
Total Assets
₹669 Cr
▼20.2%
₹838 Cr
▲32.4%
₹633 Cr
▼7.5%
₹684 Cr
▼9.2%
₹753 Cr
▼12.2%
₹858 Cr
▼13.9%
₹996 Cr
▼2.7%
₹1.0K Cr

Values in ₹ Cr · Source: Screener.in

Cash Flow Statement

ItemMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Operating CF
—
₹-128 Cr
▼25.5%
₹-102 Cr
▼247.8%
₹69 Cr
▲4.5%
₹66 Cr
▼9.6%
₹73 Cr
▲484.2%
₹-19 Cr
Investing CF
—
₹47 Cr
▼70.4%
₹159 Cr
▲28.2%
₹124 Cr
▲588.9%
₹18 Cr
▲38.5%
₹13 Cr
▲102.5%
₹-526 Cr
Financing CF
—
₹-13 Cr
▲55.2%
₹-29 Cr
▲75.6%
₹-119 Cr
▼26.6%
₹-94 Cr
▼28.8%
₹-73 Cr
▼113.1%
₹557 Cr
Net Cash Flow
—
₹-93 Cr
▼444.4%
₹27 Cr
▼64.0%
₹75 Cr
▲850.0%
₹-10 Cr
▼183.3%
₹12 Cr
▲0.0%
₹12 Cr
Free Cash Flow
—
₹-163 Cr
▼24.4%
₹-131 Cr
▼298.5%
₹66 Cr
▲3.1%
₹64 Cr
▲4.9%
₹61 Cr
▲129.2%
₹-209 Cr

Values in ₹ Cr · Source: Screener.in

Key Ratios History

MetricMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Debtor Days
71d
▲42.0%
50d
▲455.6%
9d
▲80.0%
5d
▼44.4%
9d
▼57.1%
21d
▼12.5%
24d
Inventory Days
107d
▼42.5%
186d
▲389.5%
38d
▼83.0%
223d
▼41.9%
384d
▼94.1%
6515d
▲287.3%
1682d
Days Payable
237d
▼31.5%
346d
▲133.8%
148d
▲208.3%
48d
▲71.4%
28d
▼95.6%
631d
▲323.5%
149d
Cash Conv. Cycle
-59d
▲46.8%
-111d
▼11.0%
-100d
▼155.6%
180d
▼50.7%
365d
▼93.8%
5906d
▲279.3%
1557d
Working Capital Days
273d
▲393.5%
-93d
▲6.1%
-99d
▼139.8%
249d
▼27.2%
342d
▼41.1%
581d
▲17.8%
493d
ROCE
-23.0%
▲4.2%
-24.0%
▼200.0%
-8.0%
▼900.0%
1.0%
0.0%
▲100.0%
-4.0%
—

Source: Screener.in · Lower days = better efficiency

Related Analysis

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Neutral
BAJAJFINSV
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Frequently Asked Questions

What is Max India Limited share price today?▾
Max India Limited (MAXIND) is currently trading at ₹163.42 on NSE, down 0.27% as of the last market session. Prices update daily after market close on MarketNetra.
Is Max India Limited available in F&O (Futures & Options)?▾
Yes, Max India Limited (MAXIND) is part of the NSE F&O segment with a lot size of 1 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Max India Limited 52-week high and low?▾
Max India Limited's 52-week high is ₹242 and the 52-week low is ₹120. The current price of ₹163.42 is 32.5% below the 52W high.
What is Max India Limited P/E ratio?▾
Max India Limited's P/E ratio and other fundamental metrics including P/B, ROE, and ROCE are available on the overview page. Data is sourced weekly from Screener.in.
How to trade Max India Limited options?▾
Max India Limited options are traded on NSE with monthly expiry contracts (lot size: 1 shares). To trade MAXIND 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.