Max Financial Services

1,479.20
-24.30
(-1.62%)
ann
There are new updates from the company22 hours ago
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Market Cap
51,049.38 Cr
EPS
9.85
PE Ratio
156.76
Dividend Yield
0.00 %
Industry
Insurance
52 Week High
1,506.10
52 Week Low
864.00
PB Ratio
9.83
Debt to Equity
0.14
Add Ratio
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Investment Returns

In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from19 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+94.74 %
+94.74 %
Hold
Hold+5.26 %
+5.26 %
Sell
Sell0.0 %
0.0 %

Company News

View All News
Caret
neutral
Max Financial Services: CEO of Insurance Arm Announces Early RetirementToday
Prashant Tripathy, MD & CEO of Max Life Insurance, plans to retire by September 2025. Jefferies maintains 'buy' rating with ₹1,700 target price, suggesting 13% upside. Company seeks internal succession. Shares down 3% on news.
neutral
Block Trade of Max Financial Services Ltd. Shares on NSE6 days ago
A block trade of approximately 500,628 shares of Max Financial Services Ltd. occurred on the National Stock Exchange (NSE) for Rs. 73.42 crores. The shares were traded at a price of Rs. 1466.60 per share.
Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
944.10
#1 5,97,143.03
#1 12.34
#1 8,64,897.70
8.57
#1 40,916
37.99
79.11
1,823.30
1,82,715.99
75.06
1,33,665.10
62.23
1,894
0.33
68.51
780.25
1,67,979.50
93.82
1,02,006.60
42.38
1,574
15.50
73.43
667.85
96,524.38
80.26
91,712.50
#1 78.53
851
121.82
72.75
1,479.20
#5 51,049.38
#5 156.76
#5 46,618.30
#3 48.32
#5 393
#1 176.45
84.30
Forecast
Actual
Growth Rate
Revenue Growth
48.32 %
Net Income Growth
-13.12 %
Cash Flow Change
-38.45 %
ROE
-21.07 %
ROCE
-25.54 %
EBITDA Margin (Avg.)
-45.30 %

Quarterly Financial Results

Quarterly Financials
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Revenue
3,557
4,316
4,503
7,137
3,949
4,686
5,366
4,266
5,517
7,020
8,990
9,760
5,943
9,327
6,955
8,962
3,276
9,323
8,898
9,934
9,172
10,189
12,359
14,897
11,802
13,376
8,926
12,396
Expenses
3,480
4,163
4,426
6,935
3,885
4,614
5,186
4,127
5,365
6,923
8,709
9,692
5,857
9,270
6,843
8,799
3,185
9,238
8,573
9,865
9,043
10,021
12,146
14,945
11,610
13,201
8,834
12,358
EBITDA
77
154
77
202
64
72
179
139
152
97
281
69
86
57
112
163
91
85
325
69
128
168
213
-48
192
175
92
38
Operating Profit %
2 %
4 %
2 %
3 %
2 %
2 %
3 %
3 %
3 %
1 %
3 %
1 %
1 %
1 %
2 %
2 %
3 %
1 %
4 %
1 %
1 %
1 %
2 %
-0 %
2 %
1 %
1 %
0 %
Depreciation
0
0
0
0
1
1
2
8
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Interest
27
0
0
0
0
0
0
0
0
0
0
0
0
6
9
9
9
10
9
9
9
9
14
11
9
13
10
15
Profit Before Tax
50
154
77
201
63
71
177
131
151
96
280
67
84
50
101
153
80
74
315
58
118
158
198
-59
182
162
81
22
Tax
17
29
18
1
9
6
30
124
-31
15
52
-3
49
2
11
9
12
12
45
6
17
-12
27
-9
26
23
11
-16
Net Profit
33
125
59
200
54
64
148
7
182
81
227
70
36
48
91
144
69
62
269
53
101
170
171
-50
156
139
70
38
EPS in ₹
0.36
3.08
1.46
4.88
1.26
1.56
3.91
-1.34
4.85
2.10
6.20
2.13
0.61
1.15
2.55
3.41
1.63
1.49
6.52
1.33
2.54
4.29
4.30
-1.28
3.69
3.26
1.63
0.91

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Total Assets
35,503
38,147
46,739
55,842
67,156
74,526
98,066
1,17,749
1,31,824
1,62,774
Fixed Assets
1,200
349
691
556
556
641
639
616
614
612
Current Assets
4,720
3,926
6,368
2,623
3,356
5,310
5,652
7,337
7,850
9,149
Capital Work in Progress
39
37
3
0
0
0
0
0
0
0
Investments
2,851
2,407
4,683
52,661
63,245
68,566
91,766
1,09,794
1,23,356
1,53,010
Other Assets
31,413
35,354
41,362
2,624
3,356
5,320
5,661
7,338
7,854
9,151
Total Liabilities
35,503
38,147
46,739
55,842
67,156
74,526
98,066
1,17,749
1,31,824
1,62,774
Current Liabilities
4,574
4,418
5,196
53,204
64,267
71,705
94,400
1,12,738
1,27,333
1,57,876
Non Current Liabilities
27,010
31,061
38,460
36
57
3
60
526
523
528
Total Equity
3,919
2,668
3,084
2,602
2,833
2,819
3,605
4,485
3,969
4,370
Reserve & Surplus
3,249
1,912
2,281
1,766
2,005
2,093
3,274
3,866
3,450
3,797
Share Capital
53
53
54
54
54
54
69
69
69
69

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Net Cash Flow
-119
74
20
466
-137
78
-51
49
-1,866
986
Investing Activities
-2,311
-3,541
-6,290
-6,951
-8,789
-4,991
-6,852
-8,835
-11,555
-5,004
Operating Activities
2,579
3,802
6,526
7,534
8,826
5,452
6,892
8,496
9,922
6,107
Financing Activities
-388
-187
-215
-116
-174
-383
-92
388
-233
-117

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Promoter
16.99 %
14.72 %
14.72 %
14.72 %
14.72 %
14.72 %
14.72 %
11.45 %
10.15 %
10.15 %
6.52 %
6.52 %
6.52 %
6.52 %
3.34 %
3.34 %
1.74 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
21.86 %
21.86 %
21.86 %
21.86 %
51.54 %
21.86 %
47.71 %
46.60 %
46.24 %
47.50 %
44.75 %
DIIs
28.11 %
27.48 %
26.31 %
28.13 %
30.91 %
30.31 %
30.59 %
36.00 %
34.06 %
33.28 %
35.10 %
36.06 %
39.92 %
40.74 %
44.00 %
42.69 %
47.30 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
6.87 %
6.61 %
6.48 %
6.43 %
6.21 %
6.08 %
5.80 %
5.64 %
5.34 %
5.23 %
4.67 %
4.21 %
4.35 %
4.53 %
4.59 %
4.65 %
4.58 %
Others
48.03 %
51.19 %
52.49 %
50.71 %
48.16 %
48.89 %
27.03 %
25.04 %
28.59 %
29.49 %
2.17 %
31.33 %
1.50 %
1.60 %
1.84 %
1.82 %
1.62 %
No of Share Holders
0
63,253
64,363
70,706
66,724
69,014
68,088
69,805
81,463
67,708
63,966
59,682
65,260
67,021
65,804
68,531
68,062

Dividend History

Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %

No dividends have been distributed by the company in the past 10 years

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
13 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 May 2025 1,157.25 1,294.25
04 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
04 Feb 2025 1,102.85 1,083.45
22 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Oct 2024 1,179.60 1,193.30
23 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
23 Aug 2024 1,108.25 1,057.85
15 Jan 2016 CHANGE OF NAME Change Of Name
NA
15 Jan 2016 0.00 0.00

Announcements

Early Retirement Of Mr. Prashant Tripathy From The Office Of Managing Director & Chief Executive Officer (MD & CEO) Of Axis Max Life Insurance Limited (Axis Max Life Or The Company) The Material Subsidiary Of The Company 22 hours ago
Disclosure Under Listing Regulations - Grant Of Options2 days ago
Compliances-Reg.24(A)-Annual Secretarial Compliance6 days ago
Announcement under Regulation 30 (LODR)-Earnings Call Transcript9 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation9 days ago
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 16, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 15, 2025
Newspaper Publications Of Audited Financial ResultsMay 15, 2025
Submission Of Audio Recording Of Earnings Conference CallMay 14, 2025
General Update Under SEBI (LODR) Regulations 2015May 13, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 13, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationMay 13, 2025
Re-Appointment Of M/S MGC & KNAV Global Risk Advisory LLP As Internal Auditors Of The Company For The Financial Year 2025-26.May 13, 2025
Re-Appointment Of Mr. K. Narasimha Murthy (DIN: 00023046) As An Independent Director Of The Company For The Second And Final Term Of Five Years With Effect From March 30 2026 To March 29 2031 Subject To Approval Of The Shareholders At The Ensuing Annual GMay 13, 2025
Financial Results For The Quarter And Financial Year Ended March 31 2025May 13, 2025
Board Meeting Outcome for Outcome Of Board Meeting Held On May 13 2025May 13, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 07, 2025
Intimation Of Submission Of Application For Reclassification Of A Promoter To Public Category Under Regulation 31A Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Apr 16, 2025
Update On Re-Classification Of Shareholding From Promoter And Promoter Group To Public CategoryApr 15, 2025
Outcome Of The Board Meeting - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Apr 15, 2025
Appointment Of Mr. Nishant Kumar Gehlawat As The Chief Financial Officer And A Key Managerial Personnel (KMP) Of The Company Under Section 203(1)(Iii) Of The Companies Act 2013 Effective May 1 2025.Apr 15, 2025
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)Apr 15, 2025
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 09, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 07, 2025
General UpdateMar 29, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Mar 29, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 28, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 28, 2025
Closure of Trading WindowMar 25, 2025
Board Meeting Intimation for Board Meeting For Consideration Of Audited Financial Results Of The Company For The Financial Year Ending March 31 2025Mar 25, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 13, 2025
Intimation Pertaining To Request Received For Re-Classification Of Shareholding From Promoter And Promoter Group To Public Category As Per Regulation 31(A)(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Feb 26, 2025
Intimation Pertaining To Request Received For Re-Classification Of Shareholding From Promoter And Promoter Group To Public Category As Per Regulation 31(A)(3) Of The SEBI (Listing Obligations And DiscFeb 26, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)Feb 24, 2025
Disclosure Under The Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)Feb 18, 2025
UpdatesFeb 12, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 10, 2025
General Update Under SEBI (LODR) Regulations 2015Feb 06, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 06, 2025
Submission Of Audio Recording Of Earnings Conference CallFeb 05, 2025
Integrated Filing (Financial)Feb 04, 2025
Disclosure Under The Extant Provisions Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)Feb 04, 2025
Disclosure Under The Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)Feb 04, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationFeb 04, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 04, 2025
Board Meeting Outcome for Outcome Of The Board Meeting On Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2024Feb 04, 2025
Declaration Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2024Feb 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 24, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 09, 2025

Technical Indicators

RSI(14)
Overbought
84.30
ATR(14)
Less Volatile
34.41
STOCH(9,6)
Overbought
94.93
STOCH RSI(14)
Overbought
100.00
MACD(12,26)
Bullish
11.84
ADX(14)
Strong Trend
41.12
UO(9)
Bearish
72.29
ROC(12)
Uptrend And Accelerating
16.28
WillR(14)
Overbought
-1.01

Mutual Fund Holdings

Funding HouseNo of SharesCurrent Holding %1M Change %3M Change %Month
SBI Banking & Financial Services Fund Direct-Growth
2018698
3.44%
3.44%
3.44%
Apr 2025
HSBC Midcap Fund Direct-Growth
1415600
1.72%
1.72%
1.72%
Apr 2025
DSP India T.I.G.E.R. (The Infrastructure Growth and Economic Reforms Fund) Direct-Growth
626338
1.65%
1.65%
1.65%
Apr 2025
DSP Business Cycle Fund Direct - Growth
128093
1.62%
1.62%
1.62%
Apr 2025
HSBC Financial Services Fund Direct-Growth
71300
1.61%
1.61%
1.61%
Apr 2025
Groww Multicap Fund Direct-Growth
18155
2.57%
1.46%
1.45%
Apr 2025
ITI Arbitrage Fund Direct - Growth
4800
1.27%
1.27%
-0.72%
Apr 2025
Baroda BNP Paribas Midcap Fund Direct-Growth
170000
1.09%
1.09%
1.09%
Apr 2025
Invesco India Financial Services Fund Direct-Growth
100447
1.00%
1.00%
1.00%
Apr 2025
Navi Nifty Midcap 150 Index Fund Direct - Growth
0
0.00%
-0.94%
-0.89%
Apr 2025
ICICI Prudential Rural Opportunities Fund Direct - Growth
220503
2.12%
0.59%
0.68%
Apr 2025
Bandhan Innovation Fund Direct-Growth
195193
1.78%
0.59%
0.78%
Apr 2025
Samco Active Momentum Fund Direct - Growth
33300
0.51%
0.51%
0.51%
Apr 2025
ICICI Prudential Banking and Financial Services Direct Plan-Growth
1902703
2.65%
0.49%
0.73%
Apr 2025
Bandhan Large Cap Fund Direct-Growth
68413
0.49%
0.49%
0.49%
Apr 2025
Nippon India Arbitrage Fund Direct-Growth
388800
0.36%
-0.47%
-0.14%
Apr 2025
Bandhan Financial Services Fund Direct-Growth
219427
2.84%
0.47%
0.85%
Apr 2025
ICICI Prudential Value Discovery Direct-Growth
6552387
1.67%
0.47%
1.05%
Apr 2025
SBI Magnum Mid Cap Direct Plan-Growth
704645
0.43%
0.43%
0.43%
Apr 2025
ICICI Prudential Focused Equity Fund Direct-Growth
2816594
3.34%
0.43%
0.73%
Apr 2025
HDFC Mid-Cap Opportunities Fund Direct-Growth
25538767
4.45%
0.41%
0.68%
Apr 2025
Bandhan Multi Cap Fund Direct-Growth
350000
1.83%
0.39%
0.71%
Apr 2025
Mirae Asset Midcap Fund Direct - Growth
1542432
1.31%
0.36%
0.47%
Apr 2025
Bandhan Aggressive Hybrid Fund Direct-Growth
22113
0.34%
0.34%
0.34%
Apr 2025
Union Flexi Cap Fund Direct-Growth
217000
1.27%
0.33%
0.38%
Apr 2025

About Max Financial Services

Max Financial Services Limited (MFSL) is an Indian holding company that owns and manages an 87% stake in Max Life Insurance Company Limited. MFSL is part of the $4 billion Max Group and is primarily engaged in making investments in Max Life Insurance and providing management advisory services to group companies. Max Life Insurance is a joint venture between MFSL and Mitsui Sumitomo Insurance, offering long-term savings, protection, and retirement solutions through agency and multi-channel distribution partners. MFSL's investor base includes global financial institutions. As of March 31, 2023, MFSL had two operating subsidiaries: Max Life Insurance Company Limited and Max Life Pension Fund Management Limited. Max Life's assets under management were Rs 1,22,857 crore as of March 31, 2023, with a gross written premium of Rs 25,342 crore for the year.
Chairperson NameAnaljit Singh