Max Financial Services Ltd Share Price

Finance - Investment / Others

NSE: MFSL Mid Cap ISIN: INE180A01020

As on 22 January 2025 at 14:59 IST

₹1,037.85

-15.25

(-1.45%)

Sell Buy

About Max Financial Services Ltd

Max Financial Services Ltd. is a prominent player in the financial services sector. It primarily focuses on life insurance. The company is known for its comprehensive range of life insurance products and strong market presence. Max Financial Services was founded on February 24, 1988. The company has grown to become a significant player in the life insurance industry. The headquarters of the company is located in New Delhi. Its main products include life insurance solutions such as savings plans, term plans, and group insurance plans. The company falls under the financial services sector. Read More...

Over 1 Month

-4.32%

Over 6 Months

2.63%

Over 1 Year

21.75%

Over 3 Years

12.84%

Max Financial Services Ltd Summary

Close ₹ 1,037.85

Open ₹ 1,063.70

High ₹ 1,069.95

Low ₹ 1,019.40

Volume 4,70,797

Net Turnover (in ₹) ₹ 98,44,94,963.45

52Wk High ₹ 1,306.45

52Wk Low ₹ 854.25

52Wk High / Low

854.25

1,306.45

Max Financial Services Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 36,344.04

EPS (TTM) -

Book Value (BV) 195.50

Div. Yield -

P/E (TTM) -3,295.16

Price/Book Value 5.39

Delivery % 74.80 %

Face Value 2

Key Ratios

PE Ratio -

PB Ratio 5.12

EV to Sales 1,609.52

PEG Ratio -

ROA -0.17

ROE -0.17

Debt-Equity -

Net Profit Margin -51.73

Operating Profit Margin -45.42

Max Financial Services Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	46,618.32	31,431.06	31,187.58	31,288.01	18,241.76
Total Expenses	46,203.48	30,903.85	30,798.92	30,695.12	17,799.28
Profit Before Tax	414.84	527.21	388.66	592.89	442.49
Profit After Tax	392.61	451.89	318.40	559.75	272.85
Operating Profit after Depreciation	414.84	527.21	388.66	592.89	442.49

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	528.51	529.10	529.56	550.38	550.76
Total Non Current Assets	1,53,624.98	1,23,973.77	1,10,411.89	92,413.36	69,216.22
Total Current Assets	9,148.49	7,850.02	7,336.66	5,652.24	5,310
TOTAL ASSETS	1,62,773.47	1,31,823.78	1,17,748.55	98,065.59	74,526.22
Total Shareholder's Fund	3,865.93	3,518.24	3,934.61	3,342.96	2,146.52

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	6,106.93	9,922.29	8,495.86	6,892.24	5,451.66
Net Cash used in Investing Activities	-5,003.89	-11,555.05	-8,835.38	-6,851.53	-4,990.71
Net Cash used in Financing Activities	-116.98	-232.76	387.97	-92.15	-382.57

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	21.71	58.23	202.06	307.80	495.02
Total Expenses	33.27	38.99	54.97	178.34	98.69
Profit Before Tax	-11.55	19.25	147.08	129.47	396.33
Profit After Tax	-11.23	13.87	102.62	99.23	272.55
Operating Profit after Depreciation	-11.55	19.25	147.08	129.47	396.33

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	2.91	3.85	4.31	25.12	25.50
Total Non Current Assets	6,703.46	6,700.66	6,727.48	6,650.33	2,493.92
Total Current Assets	66.15	79.75	49.54	26.22	31.64
TOTAL ASSETS	6,769.61	6,780.41	6,777.02	6,676.55	2,525.56
Total Shareholder's Fund	6,752.07	6,763.40	6,749.59	6,645.46	2,280.32

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	-7.65	-34.07	85.91	-0.74	393.30
Net Cash used in Investing Activities	8.58	35.85	-84.67	2.40	-394.56
Net Cash used in Financing Activities	-1.14	-1.76	-1.08	-1.72	1.12

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	13,372.39	11,798.84	14,887.81	12,355.68	10,164.62
Total Expenses	13,213.30	11,619.56	14,957.25	12,160.47	10,030.12
Profit Before Tax	149.55	172.47	-70.20	183.82	148.88
Profit After Tax	139.34	155.94	-50.08	171.21	170.32
Operating Profit after Depreciation	162.82	182.47	-58.73	198.73	159.02

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	3.69	3.72	4.51	5.52	6.32
Total Expenses	5.95	5.78	8.40	7.84	8.75
Profit Before Tax	-2.52	-2.35	-3.99	-2.66	-2.82
Profit After Tax	-2.46	-2.60	-3.68	-2.47	-2.72
Operating Profit after Depreciation	-2.19	-2.01	-3.64	-2.32	-2.43

Max Financial Services Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 1,039.25

S2 1,025.40

S3 1,005.30

Pivot 1,059.35

R1 1,073.20

R2 1,093.30

R3 1,107.15

Moving Average

20 SMA 1,089.15

50 SMA 1,134.63

100 SMA 1,158.73

200 SMA 1,086.04

Max Financial Services Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

No available data

AGM Date: 25 Aug 2022

AGM 25/08/2022 Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, please find enclosed the newspaper advertisements published by the Company in Business Standard (English), all editions and Desh Sewak (Punjabi), Chandigarh, in relation to completion of dispatch of Annual Report and Notice of 34th Annual General Meeting of the Company, Remote e-voting and Book Closure. You are kindly requested to take the aforesaid on record. (As Per BSE Announcement dated on 03.08.2022) Proceedings of the 34th Annual General Meeting of the Company held on August 25, 2022 (As Per BSE Announcement Dated on 25.08.2022) This is with reference to the provisions of Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. In this regard, please find enclosed herewith: 1. Voting results of the 34th AGM held on August 25, 2022; and 2. Consolidated Report of the Scrutinizer, Mr. Rupesh Agarwal, Managing Partner, Chandrasekaran Associates, Practicing Company Secretaries dated August 26, 2022 pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. A copy of the abovementioned documents is being uploaded on website of the Company www.maxfinancialservices.com and National Securities Depository Limited. You are requested to take the same on records. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform that the shareholders of the Company in their 34th Annual General Meeting held on August 25, 2022, approved the appointment of Ms. Gauri Padmanabhan (DIN: 01550668) as an Independent Director on the Board of the Company for a period of 5 years effective from August 25, 2022. The details required pursuant to Regulation 30 of SEBI Listing Regulations read with the SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed herewith as Annexure - A. You are kindly requested to take note of the above on record and arrange to disseminate the information to the public. (As Per BSE Announcement Dated on 26.08.2022)

AGM Date: 22 Aug 2023

As per the disclosure attached Book Closure - Annual General Meeting (As per BSE Announcement Dated on 28/07/2023) Proceedings of the 35th Annual General Meeting of the Company (As Per BSE Announcement Dated on 22.08.2023) Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Voting Results of 35th Annual General Meeting held on August 22, 2023 (As per BSE Announcement Dated on 23/08/2023)

AGM Date: 23 Aug 2024

As per the disclosure attached. As per the disclosure attached. (As per BSE Announcement Dated on 23/08/2024) Please find attached the Scrutinizers Report and Voting Results for the 36th Annual General Meeting (As Per BSE Announcement dated on 24.08.2024)

Max Financial Services Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Max Financial Services Ltd	₹1,054.45	₹36,390.63
Bajaj Finance Ltd	₹7,287.05	₹4,51,065.82
Bajaj Finserv Ltd	₹1,715.55	₹2,73,915.37
Indian Railway Finance Corporation Ltd	₹142.40	₹1,86,095.53
Jio Financial Services Ltd	₹260.15	₹1,65,280.69
Power Finance Corporation Ltd	₹427	₹1,40,914.35

Max Financial Services Ltd News

Max Financial Services to table results

On 4 February 2025

26 Dec 2024, 04:41 pm

Max Financial Services announces board meeting date

On 22 October 2024

27 Sep 2024, 10:16 am

Volumes soar at Max Financial Services Ltd counter

Max Financial Services Ltd clocked volume of 230.23 lakh shares by 14:14 IST on NSE, a 20.13 times surge over two-week average daily volume of 11.44 lakh shares

05 Sep 2024, 02:30 pm

Volumes jump at Max Financial Services Ltd counter

Max Financial Services Ltd saw volume of 23.6 lakh shares by 10:46 IST on BSE, a 145.32 fold spurt over two-week average daily volume of 16239 shares

05 Sep 2024, 11:00 am

Volumes spurt at Max Financial Services Ltd counter

Max Financial Services Ltd witnessed volume of 43715 shares by 10:46 IST on BSE, a 6.58 times surge over two-week average daily volume of 6646 shares

14 Aug 2024, 11:00 am

Max Financial Services Ltd Stock Analysis

Annual revenue for Max Financial Services Ltd decreased by 62.71% to ₹21.71 crore in FY 2024 from ₹58.23 crore in FY 2023.
Annual Net Profit for Max Financial Services Ltd decreased by 180.99% to ₹-11.23 crore in FY 2024 from ₹13.87 crore in FY 2023.
Promoter Shareholding in Max Financial Services Ltd remains unchanged by 0.00% in the most recent quarter, from 3.34% in September 2024 to 3.34% in December 2024.
Max Financial Services Ltd delivered a 1-year return of 21.75% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Max Financial Services Ltd share price moved down by 1.45% from its previous close of INR ₹1,053.10. The latest Max Financial Services Ltd share price is INR ₹1,037.85.
Max Financial Services Ltd share price today has been at a low of 1,019.40 and a high of 1,069.95. Over the past 52 weeks, the Max Financial Services Ltd share price has seen a low of 854.25 and a high of 1,306.45.

About Max Financial Services Ltd

Max Financial Services Ltd. is a leading player in the financial services sector. The company mainly focuses on life insurance through Max Life Insurance Company Limited. It is a joint venture with Axis Bank Limited, which offers long-term savings life insurance solutions and provides comprehensive protection through its multi-channel distribution.

Max Financial Services falls under the financial services sector. The company was incorporated on February 24, 1988, making it decades old. Over the years, Max Financial Services has grown to become a significant player in the life insurance industry. The company is known for its customer-centric approach and innovative solutions.

The headquarters of Max Financial Services Ltd. is located in New Delhi, India. The company is promoted by Analjit Singh, who is the Founding Chairman of The Max Group. His leadership has been instrumental in driving the company's growth and success. Apart from him, there are other managerial promoters who have contributed to the success of Max Financial Services. They are

Mitsuru Yasuda
Sahil Vachani
Hideaki Nomura
K Narasimha Murthy

Max Financial Services’ main products include life insurance solutions. The company provides a range of life insurance products, including child plans, term plans, savings plans, retirement plans, and group insurance plans. These offerings cater to the diverse needs of individuals and businesses, ensuring financial security.

Max Financial Services is a key player in the life insurance sector, with a strong market presence and a reputation for excellence. It may not be the largest by market capitalization. However, the company's robust capabilities and customer-focused approach have positioned it as a trusted and reliable life insurance provider.

The promoter shareholding in Max Financial Services Ltd. stands at 3.34%. Max Ventures Investment Holdings Private Ltd. holds 3.22% of the company’s total equity. The registered office of Max Financial Services Ltd. is located at Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab - 144533, India. Its registrar & transfer agents are located in the Industrial Area, New Delhi.

Impact of the Company

Max Financial Services Ltd. is a prominent player in the financial services sector, primarily focused on life insurance. The company provides long-term savings, life insurance solutions, and comprehensive protection, which it accomplishes through its multi-channel distribution.

Economic Impact
Max Financial Services has had a large economic impact on the Indian financial services sector. The company has facilitated financial security and long-term savings for millions of individuals and families by providing a wide range of life insurance products. It provides child plans, term plans, savings plans, retirement plans, and group insurance plans. This has enabled individuals to secure their financial future and protect their loved ones. Additionally, these plans have contributed to economic stability and growth in the regions where the company operates.

Customer-Centric Approach
One of the significant influences of Max Financial Services is its customer-centric approach. The company focuses on understanding and meeting the specific needs of its customers. This ensures that the customers receive personalized and comprehensive life insurance solutions. Max Financial Service is committed to customer satisfaction. This has resulted in high customer retention rates and long-term relationships with policyholders. The company's emphasis on customer-centricity has set new standards in the life insurance industry, encouraging other players to adopt similar practices.

Innovation and Technological Advancements
Max Financial Services is at the forefront of innovation and technological advancements in the life insurance sector. The company leverages advanced technologies such as digital platforms, data analytics, and artificial intelligence to enhance its operations and improve customer experience. By embracing technology, Max Financial Services has improved its operational efficiency, reduced transaction times, and provided innovative life insurance solutions to its customers. These technological advancements have positioned Max Financial Services as a leader in the life insurance industry.

Market Position and Reputation
Max Financial Services is a key player in the life insurance sector, with a strong market presence and a reputation for excellence. The company's robust capabilities and customer-focused approach have earned it the trust of policyholders. Also, it established long-term relationships with major players in the industry. Max Financial Services’ strong market position and reputation for quality have strengthened its status as a trusted and reliable life insurance provider.

Corporate Social Responsibility
Max Financial Services is committed to corporate social responsibility (CSR). It also undertakes various initiatives to support community development. The company's CSR activities focus on education, healthcare, and environmental sustainability. By investing in these areas, Max Financial Services has made a positive impact on the lives of many individuals and communities. This fosters social and economic development. The company's CSR initiatives have also enhanced its reputation as a socially responsible and ethical organization.

Max Financial Services Ltd. has made a significant impact on the Indian financial services sector and the economy. The company has contributed to financial security and economic growth through its comprehensive range of life insurance products and services. Max Financial Services' focus on corporate social responsibility has further enhanced its influence and reputation.