Max Financial
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Max Financial share price

Max Financial Services Ltd.

NSE: MFSL BSE: 500271 SECTOR: Finance - Others  99k   126   25

1355.10
-4.60 (-0.34%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 1371.55

Today's Low

₹ 1351.1

52 Week High

₹ 1363.2

52 Week Low

₹ 864.3

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 46766.5 Cr.

Advances

₹ 0 Cr.

No. of Shares

34.51 Cr.

P/E

0

P/B

6.94

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  195.38

Operating Revenue

₹ 21.43 Cr.

Net Profit

₹ -11.23 Cr.

Promoter Holding

1.74 %

EPS (TTM)

₹  -0.27

Sales Growth

-62.94

ROE

-0.17 %

ROCE

-0.17%

Profit Growth

-180.99 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Index Presence

The company is present in 28 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
57060.5
  529.650000000001 (0.936922052295341%)

NFTFINSEREXBNK

Nifty Financial Services Ex-Bank Index
28674.7
  182.150000000001 (0.639289919645658%)

NIFTY500

Nifty 500
22870.9
  82.1000000000022 (0.360264691427381%)

NIFTYMIDCAP150

Nifty Midcap 150
20960.15
  179 (0.861357528336981%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
19316.7
  208.700000000001 (1.09221268578605%)

NIF500LGMIDSML

Nifty500 LargeMidSmall Equal-Cap Weighted Index
17364.65
  142.050000000003 (0.824788359481166%)

NFTMIDSMLFINSER

Nifty MidSmall Financial Services
17158.8
  156.549999999999 (0.920760487582517%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
16007.35
  75.6000000000004 (0.474524142043409%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
15819.3
  100.549999999999 (0.639681908548706%)

NFTRURAL

Nifty Rural Index
14802.2
  19.9500000000007 (0.134959157097203%)

NIFTY200

Nifty 200
13896.35
  30.5500000000011 (0.220326270391902%)

NFT500EQUAL

Nifty 500 Equal Weight
13854.25
  178.35 (1.30411892453148%)

NIFTYTOTALMCAP

Nifty Total Market index
12858.5
  48.1000000000004 (0.375476175607314%)

NIFTYFULLMIDCAP100

NIFTY FULL MIDCAP 100
5987.56
  -42.7999999999993 (-0.709742038617911%)

MIDCAP

S&P Bse Mid Cap
45005.84
  380.289999999994 (0.852179973131961%)

BSE500

S&P Bse 500
35957.63
  121 (0.337643355415951%)

BSEIND150

BSE India 150 Index
18643.58
  24.2100000000028 (0.130025881649076%)

MID150

S&P Bse 150 MidCap
15651.2
  130.940000000001 (0.843671433339388%)

200EQW

BSE 200 Equal Weight
12848.63
  105.309999999999 (0.826393749823429%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
12414.1
  73.2299999999996 (0.593394144821224%)

FIN

S&P Bse Finance
12381.34
  26.2199999999993 (0.212219711342332%)

MSL400

S&P Bse 400 MidSmallCap
11718.35
  120.370000000001 (1.03785314339222%)

BSE200

S&P Bse 200
11323.86
  21.5500000000011 (0.190668987136267%)

LMI250

S&P Bse 250 LargeMidCap
10717.95
  24.1900000000005 (0.226206685020047%)

BSE1000

Bse 1000
10689.41
  38.4699999999993 (0.361188777704125%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
10319.66
  72.75 (0.709970127579918%)

ALLCAP

S&P Bse Allcap
10130.99
  38.3799999999992 (0.380278243189802%)

CAPINS

BSE Capital Markets & Insurance
2148.78
  27.9500000000003 (1.31788026385897%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Income Growth

1 Year-62.94%
3 Year-58.8%
5 Year-41.64%

Profit Growth

1 Year-180.99%
3 Year-148.37%
5 Year-174.37%

ROE%

1 Year-0.17%
3 Year0.52%
5 Year3.31%

ROCE %

1 Year-0.17%
3 Year0.77%
5 Year4.75%

ROA%

-0.1559

PEG Ratio

28.02

PAT Margin (%)

-52.4212

EPS Growth(%)

NA

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 1.74 28.67
Dec 2024 3.34 0.00
Sep 2024 3.34 0.10
Jun 2024 6.52 72.64
Mar 2024 6.52 69.15
Investors List
* Figures given above are % of equity capital

 Strengths

 Looks like the company does not have any notable strengths.

 Limitations

  • Company has a poor Return on Equity (ROE) track record of 0.52381381609746%.
  • The company a poor ROCE track record of 0.771734009866273% since last 3 years.
  • PAT margin has shrunk by 76.408%.
  • The company has delivered poor profit growth of -58.7986329650783% over past 3 years
  • The company has delivered poor Operating Income growth of -58.7986329650783% over past 3 years.
  • Provision and contingencies have increased by 29.3155224189707%.
  • Promoter pledging is high as 28.67%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Operating Revenue 4.51 3.72 3.69 4.32 3.74
Other Income 0.25 0.05 0.07 0.39 0.1
Interest Expended 0.04 0.03 0.02 0.02 0.02
Operating Expenses 8.36 5.75 5.93 5.89 6.14
Total Provisions 0 0 0 0 0
Depreciation 0.31 0.31 0.31 0.29 0.32
Profit Before Tax -3.95 -2.32 -2.5 -1.49 -2.64
Tax -0.27 0.28 -0.04 0.08 -0.05
Net Profit -3.68 -2.6 -2.46 -1.57 -2.59
Adjusted EPS (RS) -0.11 -0.08 -0.07 -0.05 -0.08

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Operating Income 494.94 306.37 199.7 57.82 21.43
Other Income 0.08 1.43 2.36 0.41 0.29
Interest 0.2 0.22 0.14 0.11 0.11
Operating Expenses 89.05 55.87 53.61 37.92 31.94
Total Provisions 9.44 122.26 1.22 0.97 1.22
Exceptional Items 0 0 0 0 0
Profit Before Tax 396.33 129.47 147.08 19.25 -11.55
Tax 123.78 30.24 44.46 5.38 -0.32
Profit After Tax 272.55 99.23 102.62 13.87 -11.23
Adjusted EPS (Rs.) 10.11 2.88 2.97 0.4 -0.33

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 53.9 69.02 69.02 69.02 69.02
Total Reserves 2226.42 6576.45 6680.57 6694.38 6683.05
Borrowings 0 0 0 0 0
Other N/C liabilities 137.19 7.02 16.16 443.91 443.87
Current liabilities 108.04 15.22 11.27 5.35 5.57
Total Liabilities 2525.56 6667.71 6777.02 7212.66 7201.51
Assets
Loans 0 0 0 0 0
Net Block 25.5 25.12 4.31 3.85 2.91
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 2202.81 6399.82 5862.24 6687.67 6687.67
Other Loans 8.85 4.52 2.85 437.38 439.06
Other N/C Assets 0.01 0.02 0.03 0.07 0.19
Current Assets 288.38 238.23 907.58 83.7 71.68
Total Assets 2525.56 6667.71 6777.02 7212.66 7201.51
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2024% Jun 2024% Sep 2024% Dec 2024% Mar 2025%
promoters 6.52 6.52 3.34 3.34 1.74
analjit singh 0.03 0.03 0.03 0.03 0.03
max ventures investment h... 6.40 6.40 3.22 3.22 1.62
neelu analjit singh 0.03 0.03 0.03 0.03 0.03
piya singh 0.03 0.03 0.03 0.03 0.03
tara singh vachani 0.03 0.03 0.03 0.03 0.03
PARTICULARS Mar 2024% Jun 2024% Sep 2024% Dec 2024% Mar 2025%
investors 93.48 93.48 96.66 96.66 98.26
aditya birla sun life tru... - - - - 2.75
dsp multicap fund - - - - 4.02
hdfc life insurance compa... 2.16 2.42 2.43 2.32 2.31
hdfc mutual fund - hdfc n... - - - - 9.02
icici prudential nifty fi... 2.77 2.58 4.70 4.42 5.90
investor education and pr... - 0.25 0.25 - 0.25
kotak funds - india midca... 2.20 1.83 1.44 1.33 1.07
kotak mahindra trustee co... - - - - 2.76
kuwait investment authori... 1.11 1.28 1.30 1.03 1.03
mirae asset nifty largemi... - - - - 1.58
mitsui sumitomo insurance... 21.86 21.86 21.86 21.86 21.86
nippon life india trustee... 5.86 5.99 - 5.53 5.96
polar capital funds plc -... - - - - 1.02
sbi life insurance co. lt... - - - 1.17 1.26
smallcap world fund, inc 1.73 1.73 1.73 1.92 1.58
aditya birla sun life tru... - 2.49 2.88 2.92 -
dsp arbitrage fund 1.47 2.14 2.39 2.37 -
hdfc mutual fund - hdfc n... - - - 8.58 -
investor education and pr... 0.25 - - 0.25 -
kotak mahindra trustee co... - 3.15 2.52 2.35 -
mirae asset nifty large m... - - - 1.25 -
tata aia life insurance c... - 1.26 - 1.20 -
wf asian smaller companie... 2.01 2.38 2.38 2.36 -
franklin india prima fund... - - 1.24 - -
hdfc mutual fund - hdfc n... - - 8.42 - -
mirae asset arbitrage fun... - - 1.75 - -
nippon life india trustee... - - 5.59 - -
tata aia life insurance c... - - 1.34 - -
uti nifty midcap 150 etf - - 1.07 - -
canara robeco mutual fund... 1.20 1.08 - - -
hdfc mutual fund - hdfc n... 6.88 8.19 - - -
mirae asset balanced adva... - 2.53 - - -
new york life insurance c... 1.78 1.13 - - -
aditya birla sun life tru... 1.58 - - - -
invesco india aggressive ... 1.01 - - - -
kotak mahindra trustee co... 3.22 - - - -
mirae asset flexi cap fun... 4.92 - - - -
new world fund inc 1.26 - - - -
tata aia life insurance c... 1.21 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Max Financial Services informs about press release 15 May, 3:10 PM Max Financial - Quaterly Results 13 May, 7:30 PM Max Financial - Quaterly Results 13 May, 7:30 PM Max Financial Services informs about general update 29 Mar, 3:49 PM Max Financial Services informs about disclosure 29 Mar, 10:12 AM Max Financial Services’ JV launches Axis Max Life Smart Innovation Fund 18 Mar, 10:59 AM Max Financial Services’ JV launches STAR ULIP 21 Feb, 11:50 AM Max Financial Services’ JV launches Axis Max Life Smart Term Plan Plus 6 Feb, 11:10 AM Max Financial Services reports 59% fall in Q3 consolidated net profit 5 Feb, 3:28 PM Max Financial - Quaterly Results 4 Feb, 7:33 PM Max Financial - Quaterly Results 4 Feb, 7:33 PM Max Financial Services’ JV partners with Rebuscode 11 Nov, 11:11 AM Max Financial Services informs about disclosure 26 Oct, 11:26 AM Max Financial Services informs about newspaper publications 23 Oct, 4:47 PM Max Financial - Quaterly Results 22 Oct, 7:08 PM Max Financial - Quaterly Results 22 Oct, 7:08 PM Max Financial Services’ JV introduces Nifty 500 Momentum 50 Index Fund 27 Aug, 6:11 PM Max Financial - Quaterly Results 13 Aug, 6:26 PM Max Financial - Quaterly Results 13 Aug, 6:26 PM Max Financial - Quaterly Results 13 Aug, 6:26 PM Max Financial Services informs about clarification on news item 13 Aug, 11:00 AM Max Financial Services informs about details of loss of certificate 7 Aug, 12:48 PM Max Financial Services informs about earnings call 7 Aug, 11:54 AM Max Financial Services informs about disclosures 11 Jun, 4:28 PM Max Financial Services informs about annual secretarial compliance report 30 May, 12:35 PM Max Financial - Quaterly Results 7 May, 6:38 PM Max Financial - Quaterly Results 7 May, 6:38 PM Max Financial Services informs about disclosure 24 Apr, 1:12 PM Max Financial Services informs about audio recording of earnings conference call 7 Feb, 4:59 PM Max Financial - Quaterly Results 6 Feb, 6:01 PM Max Financial - Quaterly Results 6 Feb, 6:01 PM Max Financial - Quaterly Results 6 Feb, 6:01 PM Max Financial Services submits analyst meet intimation 31 Jan, 1:16 PM Max Financial Services’ JV launches Smart Total Elite Protection Plan 18 Dec, 2:59 PM Max Financial Services informs about analyst meet 6 Dec, 11:47 AM Max Financial Services informs about analyst meet 17 Nov, 12:20 PM Max Financial Services informs about press release 2 Nov, 2:26 PM Max Financial - Quaterly Results 31 Oct, 6:06 PM Max Financial - Quaterly Results 31 Oct, 6:06 PM Max Financial Services informs about revised analyst call date 31 Oct, 2:34 PM Max Financial Services informs about disclosure 26 Oct, 1:09 PM Max Financial Services informs about newspaper publication 21 Oct, 12:03 PM Max Financial Services’ JV forays into health and wellness category 21 Sep, 12:09 PM Max Financial Services informs about analyst meet 5 Sep, 12:18 PM Max Financial Services informs about disclosures 25 Aug, 4:25 PM Max Financial Services’ promoter offloads 3.6% stake in company 25 Aug, 11:30 AM Max Financial Services’ JV launches NIFTY Smallcap Quality Index Fund 21 Aug, 4:22 PM Max Financial Services reports 48% rise in Q1 consolidated net profit 10 Aug, 12:00 PM Max Financial - Quaterly Results 9 Aug, 6:17 PM Max Financial - Quaterly Results 9 Aug, 6:17 PM

Max Financial Stock Price Analysis and Quick Research Report. Is Max Financial an attractive stock to invest in?

Around 2% of India's total population invests in financial assets. The penetration of the mutual fund industry in India is close to 7% (Based on the number of PAN cardholders). This under penetration of the mutual fund industry offers a huge opportunity for the industry to grow.

Migration to financial savings, wider distribution and sustainable performance are expected to enable growth in the industry.

Also, increasing financial literacy among investors, digitization and the number of mediums available tend to attract more investors to invest in the financial markets.

Max Financial stock price today is Rs 1355.2. To understand the functions of the Max Financial better, you must go through the following points:

Key Financials –

  • Profitability: Profit margin (PAT margin) of the company shows how well a company controls its cost. It is one of the important indicators to show the financial health of the company. Net profit of the company is Rs -11.2326 Cr and the compounded growth of profit in the past 3 years is -148.374968374213 %. The PAT margin of Max Financial is -52.4212 %.

  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Max Financial , the EPS declined by -180.9903 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): Max Financial has a poor ROE track record. The ROE of Max Financial is at -0.1662 % for the latest year.

  • P/E Ratio: Relative valuation metrics like the P/E ratio can be used to see if the stock of Max Financial is worth at the current levels at Rs 1355.2. Max Financial is trading at a current P/E ratio of 0 and the average historical P/E for the last 5 years was 434.099867018034.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Max Financial is trading at a P/B of 6.9429 . The average historical P/B for the last 5 years was 4.24828460829459. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.

  • Share Price: - The current share price of Max Financial is Rs 1355.2. One can use valuation calculators of ticker to know if Max Financial share price is undervalued or overvalued.

Last Updated on:
Brief about Max Financial

Max Financial Services Ltd. Financials: Check Share Price, Balance Sheet, Annual Report and Quarterly Results for Company Analysis

 

Max Financial Services Ltd. is a leading financial services company in India, providing a wide range of insurance and investment products to its customers.  We will provide a comprehensive analysis of Max Financial Services Ltd.'s stock performance and key financial indicators for long-term stock investors looking for stock analysis.

Max Financial Services Ltd. Share Price

Max Financial Services Ltd.'s share price has been consistently increasing over the years due to the company's strong financial performance and growth prospects. The company has a stable business model and a diverse range of clients, which provides investors with a sense of security and stability. Investors can use Ticker pre-built screening tools to track Max Financial Services Ltd.'s share price and compare it with other companies in the industry.

Max Financial Services Ltd. Balance Sheet

Max Financial Services Ltd.'s balance sheet is a reflection of the company's financial health and stability. The company has a strong balance sheet with a healthy debt-to-equity ratio and a high current ratio. Ticker premium features, such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis, allow fair value calculation and provide investors with a comprehensive understanding of the company's financial position and help them make informed investment decisions.

Max Financial Services Ltd. Annual Report

Max Financial Services Ltd.'s annual reports provide detailed information about the company's operations, financial performance, and future prospects. Investors can download the annual reports from Ticker and analyze the company's performance over the years. The annual report also includes information about the company's management team, corporate governance practices, and sustainability initiatives.

Max Financial Services Ltd. Dividend

Max Financial Services Ltd. has a consistent track record of paying dividends to its shareholders. The company has a dividend payout ratio of over 30%, which indicates that it is committed to sharing its profits with its shareholders. Investors can track Max Financial Services Ltd.'s dividend history using Ticker pre-built screening tools and compare it with other companies in the industry.

Max Financial Services Ltd. Quarterly Result

Max Financial Services Ltd.'s quarterly results provide an insight into the company's performance over a shorter period. The company's revenue and profits can be affected by various factors such as changes in government policies, fluctuations in commodity prices, and global economic conditions. Our premium features, such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis, allow fair value calculation and provide investors with a comprehensive understanding of the company's financial position and help them make informed investment decisions. Quarterly results are provided as downloadable on Ticker.

Max Financial Services Ltd. Stock Price

Max Financial Services Ltd.'s stock price is influenced by various factors such as the company's financial performance, market conditions, and investor sentiment. Investors can track Max Financial Services Ltd.'s stock price using our pre-built screening tools and compare it with other companies in the industry.

Max Financial Services Ltd. Price Chart

Max Financial Services Ltd.'s price chart provides a visual representation of the company's stock performance over a period of time. Investors can use our pre-built screening tools to analyze Max Financial Services Ltd.'s price chart and compare it with other companies in the industry.

Max Financial Services Ltd. News

Max Financial Services Ltd.'s news section provides investors with the latest updates about the company's operations, financial performance, and future prospects. Investors can stay informed about the company's developments by regularly checking the news section on Ticker.

Max Financial Services Ltd. Concall Transcripts

Max Financial Services Ltd.'s concall transcripts provide investors with an opportunity to listen to the management team's views on the company's performance and future prospects. Investors can download the concall transcripts from Ticker and gain valuable insights into the company's operations.

Max Financial Services Ltd. Investor Presentations

Max Financial Services Ltd.'s investor presentations provide a comprehensive overview of the company's operations, financial performance, and future prospects. Investors can download the investor presentations from Ticker and gain a deeper understanding of the company's business model and growth prospects.

Max Financial Services Ltd. Promoters

Max Financial Services Ltd.'s promoters include some of the leading business conglomerates in India. The company has a strong backing from its promoters, which provides investors with a sense of security and stability.

Max Financial Services Ltd. Shareholders

Max Financial Services Ltd.'s shareholders include retail investors, institutional investors, and the company's promoters. The company has a diverse shareholder base, which indicates that it is a popular investment choice among investors.

Max Financial Services Ltd. ROCE

Return on Capital Employed (ROCE) is a vital financial metric that assesses a company's ability to generate profits from its capital investments. Our stock analysis page provides ROCE data for Max Financial Services Ltd. in the financials table or ratio section. This information enables investors to evaluate the company's capital efficiency and compare its performance against industry standards. Access the ROCE data for Max Financial Services Ltd. here.

Max Financial Services Ltd. EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is a significant metric that showcases a company's operational profitability. On our stock analysis page, you can find EBITDA data for Max Financial Services Ltd. in the financials table or ratio section. Analyzing the EBITDA provides insights into the company's core business profitability and its ability to generate cash flow. Access the EBITDA data for Max Financial Services Ltd. here.

Max Financial Services Ltd. DPS

Dividends Per Share (DPS) represents the portion of a company's earnings distributed to each outstanding share. You can find DPS data for Max Financial Services Ltd. on our stock analysis page in the financials table or ratio section. The DPS data helps investors assess the company's dividend distribution policy and its potential as an income-generating investment. Access the DPS data for Max Financial Services Ltd. here.

Max Financial Services Ltd. EPS

Earnings Per Share (EPS) measures a company's profitability on a per-share basis, offering insight into its earnings performance and growth potential. The EPS data for Max Financial Services Ltd. can be found on our stock analysis page in the financials table or ratio section. Analyzing the EPS enables investors to evaluate the company's profitability trends and make informed investment decisions. Access the EPS data for Max Financial Services Ltd. here.  

Max Financial Services Reserves: A Steady Climb

Analyzing the reserves of Max Financial Services, there is a significant jump from Rs 2,226.42 Cr in March 2020 to a whopping Rs 6,576.45 Cr by March 2021. This trend continues slightly up till March 2023, standing at Rs 6,694.38 Cr, before experiencing a minimal dip to Rs 6,683.05 Cr in March 2024. This demonstrates a solid foundation and investor confidence.

Max Financial Services: A Debt-Free Narrative

A noteworthy highlight from the Max Financial Services Balance Sheet is its zero borrowing from March 2020 through to March 2024. This exceptional position underscores the company's strong liquidity and low-risk profile, which is quite appealing for conservative investors.

Max Financial Services Investment Strategy

Investments have been a major asset for Max Financial Services, with figures sky-rocketing from Rs 2,202.81 Cr in March 2020 to Rs 6,687.67 Cr by March 2023 and maintaining the same in March 2024. This indicates a focused and robust investment strategy over the years.

Max Financial Services Assets and Liabilities: A Comprehensive Analysis

The total assets and liabilities of Max Financial Services have both seen an upward trend from March 2020, starting at Rs 2,525.56 Cr, and climbing to Rs 7,201.51 Cr by March 2024. This parallel growth maintains a balanced sheet, showcasing prudent financial management.

This analysis of the Standalone Balance Sheet of Max Financial Services illuminates the financial health and strategic positioning of the company. For those following the NSE BSE indices, Max Financial Services remains a notable entity in the financial sector.

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