Max Financial Services

Max Financial Services

1,651.00
-8.20
(-0.49%)
Market Cap
56,978.45 Cr
EPS
9.53
PE Ratio
210.01
Dividend Yield
0.00 %
Industry
Insurance
52 Week High
1,674.80
52 Week Low
950.00
PB Ratio
10.84
Debt to Equity
0.14
Add Ratio
hide

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 from22 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+95.45 %
+95.45 %
Hold
Hold+4.55 %
+4.55 %
Sell
Sell0.0 %
0.0 %
Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
895.60
#1 5,66,466.79
#1 11.62
#1 8,98,311.90
3.86
#1 48,320
4.07
45.91
1,860.10
1,86,447.37
75.61
1,18,244.90
-11.54
2,413
14.42
60.20
793.80
1,71,039.60
91.21
97,385.10
-4.54
1,811
14.47
67.19
629.20
90,991.05
72.07
71,350.30
-22.21
1,186
#1 34.20
51.34
1,651.00
#5 56,978.45
#5 210.01
#5 46,468.90
#1 48.32
#5 406
#5 -44.58
73.44
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
Jun 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
11,801
13,376
8,926
12,396
12,825
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
11,609
13,201
8,834
12,358
12,704
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
121
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 %
1 %
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
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
20
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
101
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
15
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
86
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
2.03

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
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
1,89,999
Fixed Assets
1,200
349
691
556
556
641
639
616
614
612
85
Current Assets
4,720
3,926
6,368
2,623
3,356
5,310
5,652
7,337
7,850
9,149
1,78,474
Capital Work in Progress
39
37
3
0
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
0
Other Assets
31,413
35,354
41,362
2,624
3,356
5,320
5,661
7,338
7,854
9,151
0
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
1,89,999
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
1,81,446
Non Current Liabilities
27,010
31,061
38,460
36
57
3
60
526
523
528
2,149
Total Equity
3,919
2,668
3,084
2,602
2,833
2,819
3,605
4,485
3,969
4,370
5,275
Reserve & Surplus
3,249
1,912
2,281
1,766
2,005
2,093
3,274
3,866
3,450
3,797
5,206
Share Capital
53
53
54
54
54
54
69
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
Jun 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 %
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 %
44.72 %
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 %
47.29 %
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 %
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 %
4.57 %
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 %
1.68 %
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
80,467

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
15 Jan 2016 CHANGE OF NAME Change Of Name
NA
15 Jan 2016 0.00 0.00
23 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
23 Aug 2024 1,108.25 1,057.85
22 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Oct 2024 1,179.60 1,193.30
04 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
04 Feb 2025 1,102.85 1,083.45
13 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 May 2025 1,157.25 1,294.25
07 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Aug 2025 1,626.80 1,489.60

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript7 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication9 days ago
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 09, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Submission Of Audio Recording Of Earnings Conference CallAug 08, 2025
Change In Director At Axis Max Life Insurance LimitedAug 07, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 07, 2025
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerAug 07, 2025
Appointment Of M/S. Sanjay Grover And Associates Practising Company Secretaries (Firm Regn No. P2001DE052900) Having Peer Review Certificate No. 6311/2024 As Secretarial Auditors Of The CompanyAug 07, 2025
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationAug 07, 2025
Announcement under Regulation 30 (LODR)-Change in Registered Office AddressAug 07, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Unaudited Financial Results For The Quarter Ended June 30 2025Aug 07, 2025
Board Meeting Outcome for Outcome Of Board Meeting On Unaudited Financial Results For The Quarter Ended June 30 2025Aug 07, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 30, 2025
Intimation Of The Approval Received From The Stock Exchanges On The Application For Re-Classification Of Ms. Neelu Analjit Singh From Promoter And Promoter Group To Public Category As Per Regulation 31(A)(3) Of The SEBI (Listing Obligations And DisclosureJul 29, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 17, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Reporting Cyber ThreatJul 02, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 27, 2025
Closure of Trading WindowJun 26, 2025
Board Meeting Intimation for Disclosure Under Listing Regulations - Board Meeting For Consideration Of Un-Audited Financial Results Of The Company For The Quarter Ending June 30 2025Jun 26, 2025
Appointment Of Mr. Sumit Madan As The Managing Director & Chief Executive Officer Of Axis Max Life Insurance Limited (Axis Max Life) The Subsidiary Company Of The Company Effective October 1 2025Jun 10, 2025
Disclosure Under Listing Regulations - Grant Of OptionsJun 09, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 04, 2025
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 May 28, 2025
Disclosure Under Listing Regulations - Grant Of OptionsMay 26, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 23, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 19, 2025
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

Technical Indicators

RSI(14)
Neutral
73.44
ATR(14)
Less Volatile
36.82
STOCH(9,6)
Overbought
87.98
STOCH RSI(14)
Overbought
99.16
MACD(12,26)
Bullish
16.26
ADX(14)
Strong Trend
27.11
UO(9)
Bearish
67.06
ROC(12)
Uptrend And Accelerating
11.99
WillR(14)
Overbought
-6.97

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Kotak Arbitrage Fund Direct-Growth
0.36%
1700800
0.36%
0.30%
ICICI Prudential Large Cap Fund Direct-Growth
0.00%
-1218821
-0.28%
-0.26%
SBI Banking & Financial Services Fund Direct-Growth
3.52%
-900000
-2.04%
-0.84%
ICICI Prudential Business Cycle Fund Direct - Growth
0.00%
-895656
-1.10%
-1.04%
Aditya Birla Sun Life Focused Fund Direct-Growth
0.00%
-604330
-1.24%
-1.53%
Mirae Asset Midcap Fund Direct - Growth
1.57%
577587
0.42%
0.15%
ICICI Prudential Value Direct-Growth
1.21%
-430700
-0.24%
-0.52%
Baroda BNP Paribas Multi Cap Fund Direct-Growth
0.00%
-345000
-1.93%
-1.83%
Invesco India Arbitrage Fund Direct-Growth
0.19%
301600
0.19%
0.14%
DSP Midcap Direct Plan-Growth
2.29%
-247336
-0.40%
-0.81%
SBI Arbitrage Opportunities Fund Direct-Growth
0.09%
212800
0.08%
0.08%
Edelweiss Mid Cap Direct Plan-Growth
1.66%
208815
0.15%
0.15%
WhiteOak Capital Multi Cap Fund Direct - Growth
1.57%
206706
1.41%
-0.18%
WhiteOak Capital Large & Mid Cap Fund Direct - Growth
2.27%
200000
1.63%
-0.14%
Invesco India Mid Cap Fund Direct-Growth
3.88%
174838
-0.22%
-0.19%
ICICI Prudential Focused Equity Fund Direct-Growth
2.24%
-172115
-0.48%
-0.73%
Mahindra Manulife Large & Mid Cap Fund Direct - Growth
0.00%
-170000
-1.01%
-1.49%
Tata Mid Cap Direct Plan-Growth
3.31%
-150000
-0.82%
-0.85%
Bandhan Large & Mid Cap Fund Direct-Growth
1.42%
112100
0.01%
0.20%
ICICI Prudential Rural Opportunities Fund Direct - Growth
0.71%
-111125
-1.32%
-1.71%
ICICI Prudential Multicap Fund Direct Plan-Growth
0.63%
-107527
-0.17%
-0.40%
HDFC Arbitrage Fund Wholesale Direct-Growth
0.07%
103200
0.07%
0.03%
TRUSTMF Small Cap Fund Direct-Growth
0.00%
-101825
-1.63%
-0.78%
Bandhan Flexi Cap Fund Direct-Growth
0.71%
100000
0.17%
0.71%
Kotak Quant Fund Direct - Growth
2.53%
97829
2.28%
2.53%

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