Max Financial
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Max Financial share price

Max Financial Services Ltd.

NSE: MFSL BSE: 500271 SECTOR: Finance - Others  65k   117   19

1014.70
+9.55 (0.95%)
NSE: Today, 01:14 PM

Price Summary

Today's High

₹ 1017.75

Today's Low

₹ 988.3

52 Week High

₹ 1067.5

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.
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

₹ 35018.8 Cr.

Advances

₹ 0 Cr.

No. of Shares

34.51 Cr.

P/E

0

P/B

5.18

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  195.75

Operating Revenue

₹ 57.82 Cr.

Net Profit

₹ 13.87 Cr.

Promoter Holding

6.52 %

EPS (TTM)

₹  -0.16

Sales Growth

-71.05

ROE

0.21 %

ROCE

0.29%

Profit Growth

-86.48 %

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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 23 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
48748.1015625
  -247.598437499997 (-0.505347280475632%)

NIFTY500

Nifty 500
20333.5
  8.79999999999927 (0.0432970720354975%)

NIFTYMIDCAP150

Nifty Midcap 150
18122.25
  -73.4000000000015 (-0.403393118684969%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
17110.099609375
  -43.7003906249993 (-0.254756325857819%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
14080.900390625
  -3.69960937500036 (-0.0262670531999465%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
14016.849609375
  -18.5503906249996 (-0.132168592451942%)

MIDCAP50

Nifty Midcap 50
13606.7001953125
  -80.3498046874993 (-0.587049836798281%)

NIFTY200

Nifty 200
12288.7001953125
  6.00019531249927 (0.0488507845384012%)

NIFTYTOTALMCAP

Nifty Total Market index
11428.0498046875
  5.09980468749927 (0.0446452508984008%)

NFTFINSEREXBNK

Nifty Financial Services Ex-Bank Index
23038.92
  25.5299999999988 (0.110935416294589%)

NIFTYFULLMIDCAP100

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

MIDCAP

S&P Bse Mid Cap
39930.77
  -228.890000000007 (-0.569950044397805%)

BSE500

S&P Bse 500
32089.42
  -7.94000000000233 (-0.0247372369565624%)

MIDSEL

S&P Bse MidCap Select Index
14154.59
  -92.5 (-0.649255391802817%)

MID150

S&P Bse 150 MidCap
13571.42
  -60.7600000000002 (-0.445710077185013%)

MSL400

S&P Bse 400 MidSmallCap
10397.71
  -31.8900000000012 (-0.305764362966954%)

FIN

S&P Bse Finance
10386.09
  20.9600000000009 (0.202216470029803%)

BSE200

S&P Bse 200
10047.72
  -1.89000000000124 (-0.0188066999615044%)

LMI250

S&P Bse 250 LargeMidCap
9523.42
  -2.35000000000036 (-0.0246699216966184%)

ALLCAP

S&P Bse Allcap
9356.96
  -2.54000000000087 (-0.0271382018270261%)

DFRGRI

S&P Bse Diversified Finl. Rev.
1310.2
  -4.70000000000005 (-0.357441630542255%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
9474.44
  -53.2199999999993 (-0.558584164422316%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
11431.67
  -17.7099999999991 (-0.154680864815382%)

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-71.05%
3 Year-51.11%
5 Year-26.17%

Profit Growth

1 Year-86.48%
3 Year-62.94%
5 Year-37.37%

ROE%

1 Year0.21%
3 Year1.32%
5 Year3.85%

ROCE %

1 Year0.29%
3 Year1.8%
5 Year5.57%

ROA%

0.204628899121457

PEG Ratio

72.69

PAT Margin (%)

23.9868353011779

EPS Growth(%)

NA

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 6.52 69.15
Dec 2023 6.52 59.57
Sep 2023 6.52 58.68
Jun 2023 10.15 93.31
Mar 2023 10.15 85.05
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 1.3207478843113%.
  • The company a poor ROCE track record of 1.79676431607339% since last 3 years.
  • PAT margin has shrunk by 27.4019562188513%.
  • The company has delivered poor profit growth of -51.1142050845849% over past 3 years
  • The company has delivered poor Operating Income growth of -51.1142050845849% over past 3 years.
  • Promoter pledging is high as 69.15%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Operating Revenue 16.98 10.46 5.08 6.32 5.52
Other Income 0.01 0.13 0.04 0 0
Interest Expended 0.04 0.03 0.03 0.02 0.02
Operating Expenses 8.97 8.23 6.67 8.73 7.82
Total Provisions 0 0 0 0 0
Depreciation 0.75 0.73 0.59 0.37 0.32
Profit Before Tax 7.23 1.6 -2.17 -2.8 -2.64
Tax 1.89 -0.39 0.2 -0.08 -0.17
Net Profit 5.34 1.99 -2.37 -2.72 -2.47
Adjusted EPS (RS) 0.15 0.06 -0.07 -0.08 -0.07

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Operating Income 316.63 494.94 306.37 199.7 57.82
Other Income 1.15 0.08 1.43 2.36 0.41
Interest 27.25 0.2 0.22 0.14 0.11
Operating Expenses 137.19 89.05 55.87 53.61 37.92
Total Provisions 103.96 9.44 122.26 1.22 0.97
Exceptional Items 0 0 0 0 0
Profit Before Tax 49.39 396.33 129.47 147.08 19.25
Tax 0 123.78 30.24 44.46 5.38
Profit After Tax 49.39 272.55 99.23 102.62 13.87
Adjusted EPS (Rs.) 1.83 10.11 2.88 2.97 0.4

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 53.88 53.9 69.02 69.02 69.02
Total Reserves 1946.15 2226.42 6576.45 6680.57 6694.38
Borrowings 0 0 0 0 0
Other N/C liabilities 232.25 137.19 7.02 16.16 9.99
Current liabilities 191.61 108.04 15.22 11.27 5.35
Total Liabilities 2423.88 2525.56 6667.71 6777.02 6778.74
Assets
Loans 0 0 0 0 0
Net Block 30.45 25.5 25.12 4.31 3.85
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 2080.26 2202.81 6399.82 5862.24 6687.67
Other Loans 234.98 8.85 4.52 2.85 3.46
Other N/C Assets 0 0.01 0.02 0.03 0.07
Current Assets 78.19 288.38 238.23 907.58 83.7
Total Assets 2423.88 2525.56 6667.71 6777.02 6778.74
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 10.15 10.15 6.52 6.52 6.52
analjit singh 0.03 0.03 0.03 0.03 0.03
max ventures investment h... 10.02 10.02 6.40 6.40 6.40
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 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 89.85 89.85 93.48 93.48 93.48
aditya birla sun life tru... - - - 1.08 1.58
canara robeco mutual fund... - - 1.64 1.67 1.20
dsp arbitrage fund 1.61 1.38 1.25 1.35 1.47
hdfc life insurance compa... 2.09 2.10 2.16 2.11 2.16
hdfc mutual fund - hdfc n... - 4.02 4.25 6.06 6.88
icici prudential nifty fi... 4.36 4.08 3.03 2.91 2.77
invesco india aggressive ... - - - - 1.01
investor education and pr... 0.22 0.22 0.22 0.25 0.25
kotak funds - india midca... - - 2.04 2.20 2.20
kotak mahindra trustee co... - - - 3.11 3.22
kuwait investment authori... - - - - 1.11
mirae asset flexi cap fun... - 6.28 - - 4.92
mitsui sumitomo insurance... 21.86 21.86 21.86 21.86 21.86
new world fund inc 1.26 1.26 1.26 1.26 1.26
new york life insurance c... 2.96 2.96 2.96 2.59 1.78
nippon life india trustee... 3.86 - - - 5.86
smallcap world fund, inc 1.83 1.83 1.83 2.02 1.73
tata aia life insurance c... - - - - 1.21
wf asian smaller companie... 2.99 2.99 2.78 2.46 2.01
baron emerging markets fu... 1.46 1.42 1.40 1.31 -
government of singapore 1.74 1.74 2.07 2.07 -
government pension fund g... 1.91 1.91 1.39 1.21 -
mirae asset arbitrage fun... - - 5.66 4.54 -
nippon life india trustee... - - 5.07 5.19 -
kotak mahindra trustee co... - - 3.12 - -
canara robeco mutual fund... 1.06 1.09 - - -
kotak mahindra trustee co... 2.83 3.19 - - -
nippon life india trustee... - 4.31 - - -
hdfc mutual fund - hdfc n... 3.95 - - - -
mirae asset balanced adva... 5.47 - - - -
motilal oswal s&p bse fin... 1.24 - - - -
pgim india trustees priva... 1.30 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Max Financial Services informs about audio recording of earnings conference call7 Feb 2024, 4:59PM Max Financial - Quaterly Results6 Feb 2024, 6:01PM Max Financial - Quaterly Results6 Feb 2024, 6:01PM Max Financial - Quaterly Results6 Feb 2024, 6:01PM Max Financial Services submits analyst meet intimation31 Jan 2024, 1:16PM Max Financial Services’ JV launches Smart Total Elite Protection Plan18 Dec 2023, 2:59PM Max Financial Services informs about analyst meet 6 Dec 2023, 11:47AM Max Financial Services informs about analyst meet 17 Nov 2023, 12:20PM Max Financial Services informs about press release2 Nov 2023, 2:26PM Max Financial - Quaterly Results31 Oct 2023, 6:06PM Max Financial - Quaterly Results31 Oct 2023, 6:06PM Max Financial Services informs about revised analyst call date31 Oct 2023, 2:34PM Max Financial Services informs about disclosure26 Oct 2023, 1:09PM Max Financial Services informs about newspaper publication21 Oct 2023, 12:03PM Max Financial Services’ JV forays into health and wellness category21 Sep 2023, 12:09PM Max Financial Services informs about analyst meet 5 Sep 2023, 12:18PM Max Financial Services informs about disclosures25 Aug 2023, 4:25PM Max Financial Services’ promoter offloads 3.6% stake in company25 Aug 2023, 11:30AM Max Financial Services’ JV launches NIFTY Smallcap Quality Index Fund 21 Aug 2023, 4:22PM Max Financial Services reports 48% rise in Q1 consolidated net profit10 Aug 2023, 12:00PM Max Financial - Quaterly Results9 Aug 2023, 6:17PM Max Financial - Quaterly Results9 Aug 2023, 6:17PM Max Financial Services’ JV aims to expand reach in FY2431 Jul 2023, 4:00PM Max Financial Services’ JV selected as lead insurer for Uttar Pradesh by IRDAI31 Jul 2023, 11:19AM Max Financial Services’ JV buys stake in Capital Small Finance Bank for Rs 49.50 crore20 Jun 2023, 3:40PM Max Financial Services’ JV launches smart wealth advantage growth par plan13 Jun 2023, 11:07AM Max Financial Services informs about newspaper advertisement12 Jun 2023, 12:54PM Max Financial Services informs about newspaper advertisement12 Jun 2023, 10:36AM 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 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 13.8695 Cr and the compounded growth of profit in the past 3 years is -62.9424320952527 %. The PAT margin of Max Financial is 23.9868353011779 %.

  • 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 -86.4843960182943 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): Max Financial has a poor ROE track record. The ROE of Max Financial is at 0.205276468862881 % 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 1005.05. Max Financial is trading at a current P/E ratio of 1579.99502363772 and the average historical P/E for the last 5 years was 481.5360489221.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Max Financial is trading at a P/B of 5.1478 . The average historical P/B for the last 5 years was 4.39705803451103. 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 1005.05. 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.

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