Max Financial

Max Financial Services Ltd.

NSE: MFSL BSE: 500271 SECTOR: Finance - Others  41k   111   18

703.30
+15.15 (2.20%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 714.45

Today's Low

₹ 689.75

52 Week High

₹ 885

52 Week Low

₹ 599.1

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
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

₹ 24271.92 Cr.

Advances

₹ 0 Cr.

No. of Shares

34.51 Cr.

P/E

1748.63

P/B

3.59

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  195.98

Operating Revenue

₹ 199.7 Cr.

Net Profit

₹ 102.62 Cr.

Promoter Holding

10.15 %

EPS (TTM)

₹  0.4

Sales Growth

-34.82

ROE

1.53 %

ROCE

2.2%

Profit Growth

3.42 %

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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 26 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
34390.1
  354.199999999997 (1.04066588513891%)

NIFTY500

Nifty 500
16006.7
  128.300000000001 (0.808015920999594%)

NIFTYMIDCAP150

Nifty Midcap 150
12900.8
  143.4 (1.12405349052314%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
11951.45
  132.75 (1.12321998189311%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
10687.7
  97.7000000000007 (0.92256846081209%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
10586.5
  96.6499999999996 (0.921366845093119%)

NIFTY200

Nifty 200
9850.35
  73.9500000000007 (0.75641340370689%)

MIDCAP50

Nifty Midcap 50
9704.75
  76.6000000000004 (0.795583782969733%)

NIFTYTOTALMCAP

Nifty Total Market index
8933.95
  72.5500000000011 (0.818719389712697%)

NFTFINSEREXBNK

Nifty Financial Services Ex-Bank Index
17849.96
  76.7099999999991 (0.431603674060743%)

NIFTYFULLMIDCAP100

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

SNXT50

S&P Bse Sensex Next 50
52682.67
  492.549999999996 (0.943761003040411%)

MIDCAP

S&P Bse Mid Cap
27751.75
  298.919999999998 (1.08884949201957%)

BSE500

S&P Bse 500
25431.1
  197.509999999998 (0.782726516520227%)

BSE100

S&P Bse 100
19125.98
  131.829999999998 (0.69405580139148%)

MIDSEL

S&P Bse MidCap Select Index
10355.35
  115 (1.12300849092073%)

MID150

S&P Bse 150 MidCap
9711.62
  110.300000000001 (1.14880037328202%)

BSE200

S&P Bse 200
8072.88
  59.3800000000001 (0.740999563237033%)

LMI250

S&P Bse 250 LargeMidCap
7634.07
  57.5099999999993 (0.759051601254379%)

MSL400

S&P Bse 400 MidSmallCap
7380.29
  81.9799999999996 (1.12327374419556%)

ALLCAP

S&P Bse Allcap
7331.49
  58.4699999999993 (0.803930141811793%)

CARBONEX

S&P Bse Carbonex
3109.57
  21.04 (0.681230229267649%)

DFRGRI

S&P Bse Diversified Finl. Rev.
1132.76
  9.50999999999999 (0.846650344981081%)

FIN

S&P Bse Finance
9199.65
  24.0699999999997 (0.262326741197838%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
7532.11
  8.11999999999989 (0.10792146188392%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
7831.22
  27.8800000000001 (0.357282907062872%)

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-34.82%
3 Year-14.24%
5 Year-4.77%

Profit Growth

1 Year3.42%
3 Year27.61%
5 Year-7.8%

ROE%

1 Year1.53%
3 Year5.5%
5 Year5.36%

ROCE %

1 Year2.2%
3 Year7.88%
5 Year7.04%

ROA%

1.52658804764303

PEG Ratio

512.02

PAT Margin (%)

51.3887915200292

EPS Growth(%)

3.41517701884956

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 10.15 85.05
Dec 2022 11.45 92.96
Sep 2022 14.72 94.01
Jun 2022 14.72 88.89
Mar 2022 14.72 87.21
Investors List
* Figures given above are % of equity capital

 Strengths

  • PAT margin has surged by 19.0012884518717%.
  • Company has maintained a good ROA of 4.89951697093411% in last 3 years.

 Limitations

  • The company has delivered poor profit growth of -14.2418675418152% over past 3 years
  • The company has delivered poor Operating Income growth of -14.2418675418152% over past 3 years.
  • Promoter holding has decreased from 14.72% to 11.45%.
  • Promoter pledging is high as 85.05%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Operating Revenue 14.66 12.73 17.64 16.98 10.46
Other Income 0.67 0.07 0.21 0.01 0.13
Interest Expended 0.03 0.02 0.02 0.04 0.03
Operating Expenses 13.9 9.12 9.45 8.97 8.23
Total Provisions 0 0 0 0 0
Depreciation 0.83 0.83 0.79 0.75 0.73
Profit Before Tax 0.57 2.83 7.59 7.23 1.6
Tax 1.47 1.07 2.8 1.89 -0.39
Net Profit -0.9 1.76 4.79 5.34 1.99

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Operating Income 263.5 316.63 494.94 306.37 199.7
Other Income 0.72 1.15 0.08 1.43 2.36
Interest 0 27.25 0.2 0.22 0.14
Operating Expenses 119.04 137.19 89.05 55.87 53.61
Total Provisions 1.23 103.96 9.44 122.26 1.22
Exceptional Items 0 0 0 0 0
Profit Before Tax 143.94 49.39 396.33 129.47 147.08
Tax 0 0 123.78 30.24 44.46
Profit After Tax 143.94 49.39 272.55 99.23 102.62
Adjusted EPS (Rs.) 5.36 1.83 10.11 2.88 2.97

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 53.68 53.88 53.9 69.02 69.02
Total Reserves 1865.87 1946.15 2226.42 6576.45 6680.57
Borrowings 0 0 0 0 0
Other N/C liabilities 231.97 232.25 137.19 7.02 16.16
Current liabilities 147.68 191.61 108.04 15.22 11.27
Total Liabilities 2299.2 2423.88 2525.56 6667.71 6777.02
Assets
Loans 0 0 0 0 0
Net Block 31.19 30.45 25.5 25.12 4.31
Capital WIP 0.24 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 1920.65 2080.26 2202.81 6399.82 5862.24
Other Loans 236.6 234.98 8.85 4.52 2.83
Other N/C Assets 0.02 0 0.01 0.02 0.03
Current Assets 110.49 78.19 288.38 238.23 907.61
Total Assets 2299.2 2423.88 2525.56 6667.71 6777.02
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 14.72 14.72 14.72 11.45 10.15
max ventures inves... 14.60 14.60 14.60 - 10.02
max ventures inves... - - - 11.33 -
liquid investment ... - - - - -
mohair investment ... - - - - -
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
veer singh - - - - -
neelu analjit singh 0.03 0.03 0.03 0.03 0.03
analjit singh 0.03 0.03 0.03 0.03 0.03
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 85.28 85.28 85.28 88.55 89.85
mitsui sumitomo in... 21.86 21.86 21.86 21.86 21.86
reliance capital t... - - - - -
moneyline portfoli... - - - - -
mirae asset midcap... 5.44 5.49 - - -
mirae asset arbitr... - - - 5.87 -
mirae asset balanc... - - 5.41 - 5.47
mirae asset bankin... - - - - -
icici prudential v... - - - - -
icici prudential s... 4.14 3.93 3.66 - -
icici prudential n... - - - 4.86 4.36
hdfc trustee compa... 3.15 - - - -
hdfc trustee compa... - - - - -
motilal oswal dyna... - - - - -
nippon life india ... 3.47 3.16 - 4.30 -
motilal oswal most... - - - - -
wf asian smaller c... 2.84 2.84 2.84 2.99 2.99
hdfc mutual fund -... - - - - 3.95
hdfc trustee co lt... - 3.37 3.79 3.88 -
nippon life india ... - - - - 3.86
kotak focused equi... - - - - -
kotak mahindra tru... 2.48 2.53 2.76 3.55 2.83
baron emerging mar... 2.23 2.03 1.82 1.46 1.46
nippon life india ... - - 3.09 - -
hdfc trustee compa... - - - - -
new york life insu... 2.59 2.53 2.53 2.53 2.96
aditya birla sun l... - - - - -
aditya birla sun l... - - - - -
dsp arbitrage fund - - - 2.39 1.61
motilal oswal larg... - - - - -
dsp dynamic asset ... 2.40 2.21 2.27 - -
hdfc trustee compa... - - - - -
kotak balanced adv... - - - - -
hdfc life insuranc... - - 1.87 1.89 2.09
government pension... - 1.29 1.66 1.91 1.91
kotak equity savin... - - - - -
smallcap world fun... - - - - 1.83
hdfc life insuranc... 1.51 1.64 - - -
government of sing... 1.74 1.74 1.74 1.74 1.74
mirae asset hybrid... - - - - -
canara robeco mutu... - - 1.61 1.31 -
canara robeco mutu... 1.43 1.59 - - -
pgim india trustee... - - - - 1.30
new world fund inc - - - - 1.26
motilal oswal s&p ... - - - 1.14 1.24
uti focused equity... - 1.01 1.11 1.18 -
mirae asset pruden... - - - - -
canara robeco mutu... - - - - 1.06
national westminst... - - - - -
canara robeco mutu... - - - - -
sundaram mutual fu... 1.01 1.02 - - -
vanguard emerging ... - 1.00 - - -
iepf 0.20 0.20 - - -
investor education... - - 0.20 0.22 0.22

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Max Financial Services’ JV achieves claims paid ratio of 99.51% in FY231 Jun 2023, 11:07AM Max Financial Services informs about annual secretarial compliance report24 May 2023, 4:03PM Max Financial Services reports 64% fall in Q4 consolidated net profit15 May 2023, 12:19PM Max Financial - Quaterly Results12 May 2023, 6:50PM Max Financial - Quaterly Results12 May 2023, 6:50PM Max Financial Services’ JV partners with Indian Industries Association9 May 2023, 11:38AM Max Financial Services’ promoter offloads shares worth Rs 182 crore of company30 Mar 2023, 12:58PM Max Financial Services' promoter entity offloads shares worth Rs 94 crore of company23 Mar 2023, 4:44PM Max Financial Services informs about analyst meet23 Mar 2023, 2:45PM Max Financial Services informs about investor meetings17 Mar 2023, 10:11AM Max Financial Services informs about disclosure4 Mar 2023, 12:01PM Max Financial Services informs about investors meet 21 Feb 2023, 5:06PM Max Financial Services informs about media statement2 Feb 2023, 9:59AM Max Financial Services reports over 2 fold jump in Q3 consolidated net profit1 Feb 2023, 11:41AM Max Financial - Quaterly Results31 Jan 2023, 5:44PM Max Financial - Quaterly Results31 Jan 2023, 5:44PM Max Financial - Quaterly Results31 Jan 2023, 5:44PM Max Financial Services’ JV achieves death claims paid ratio of 99.34% in FY2213 Jan 2023, 3:41PM Max Financial Services informs about disclosures5 Jan 2023, 4:48PM Max Financial Services’ promoter sells 58.85 lakh shares in company 22 Dec 2022, 11:26AM Max Financial Services informs about newspaper publication 14 Dec 2022, 4:28PM Max Financial Services acquires balance 5.17% stake in Max Life from MSI9 Dec 2022, 12:30PM Max Financial Services informs about disclosure 30 Nov 2022, 2:54PM Max Financial Services informs about receipt of approval 28 Nov 2022, 9:46AM Max Financial Services gets IRDAI’s nod to acquire balance 5.17% stake in Max Life28 Nov 2022, 9:29AM Max Financial Services informs about analyst meet 17 Nov 2022, 12:39PM Max Financial Services informs about analyst meet31 Oct 2022, 12:38PM Max Financial Services’ Q2 consolidated net profit rises 29% 20 Oct 2022, 11:08AM Max Financial - Quaterly Results19 Oct 2022, 5:48PM Max Financial - Quaterly Results19 Oct 2022, 5:48PM Max Financial - Quaterly Results19 Oct 2022, 5:48PM Max Life to remit payment of Rs 3 crore towards IRDAI penalty 17 Oct 2022, 4:42PM Max Financial Services’ JV unveils enhanced variant of ‘Guaranteed Lifetime Income Plan’17 Oct 2022, 3:09PM Max Financial Services informs about press release17 Oct 2022, 9:30AM Max Financial Services informs about disclosure15 Oct 2022, 11:05AM Max Financial Services informs about issuance of duplicate share certificate26 Sep 2022, 5:07PM Max Financial Services informs about disclosure 16 Sep 2022, 1:01PM Max Financial Services informs about disclosure16 Sep 2022, 11:54AM Max Financial Services informs about disclosure12 Sep 2022, 4:26PM Max Financial Services informs about disclosure 12 Sep 2022, 10:52AM Max Financial Services’ arm launches 'Smart Flexi Protect Solution'10 Sep 2022, 11:42AM Max Financial Services informs about disclosure 30 Aug 2022, 4:17PM Max Financial Services’ arm forays into pension fund management business26 Aug 2022, 3:28PM Max Financial Services informs about press release17 Aug 2022, 3:38PM Max Financial Services’ arm launches ‘Max Life Smart Secure Easy Solution’6 Aug 2022, 12:51PM Max Financial Services informs about disclosure5 Aug 2022, 4:26PM Max Financial Services informs about newspaper advertisements3 Aug 2022, 5:21PM Max Financial Services reports 91% rise in Q1 consolidated net profit2 Aug 2022, 3:24PM Max Financial - Quaterly Results1 Aug 2022, 5:18PM Max Financial - Quaterly Results1 Aug 2022, 5:18PM

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.

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 102.6228 Cr and the compounded growth of profit in the past 3 years is 27.6090812802043 %. The PAT margin of Max Financial is 51.3887915200292 %.

  • 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 grew by 3.41517701884956 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): The Company has a poor ROE track record. The ROE of Max Financial is at 1.53234144829238 % 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 703.3. The stock is trading at a current P/E ratio of 253.531073446328 and the average historical P/E for the last 5 years was 182.454498651866.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Max Financial is trading at a P/B of 3.5834 . The average historical P/B for the last 5 years was 5.0290621463498. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.

Brief about Max Financial

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