| 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 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
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 | 13,375 | 8,926 | 12,396 | 12,825 | 9,799 | 14,267 | 10,807 | 14,977 |
| 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 | 13,199 | 8,834 | 12,358 | 12,704 | 9,771 | 14,181 | 10,808 | 14,803 |
| 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 | 28 | 87 | -1 | 174 |
| 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 % | 0 % | 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 | 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 | 21 | 36 | 35 | 36 |
| 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 | 6 | 50 | -36 | 138 |
| 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 | 0 | 5 | -5 | 20 |
| 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 | 6 | 45 | -32 | 118 |
| 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 | 0.12 | 1.07 | -0.77 | 2.78 |
Max Financial Services
Max Financial Services
1,600.00
+7.50
(0.47%)
Market Cap
55,218.36 Cr
PE Ratio
398.49
Volume
1,89,097.00
Day High - Low
1,604.90 - 1,580.00
52W High-Low
1,892.50 - 1,433.60
There are 2 new updates from the company1 day ago
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Key Fundamentals
Market Cap
55,218.36 Cr
EPS
2.45
PE Ratio
398.49
PB Ratio
10.36
Book Value
153.05
EBITDA
234.00
Dividend Yield
0.00 %
Industry
Insurance Sector
Life Insurance Return on Equity
1.63
Debt to Equity
0.27
Analyst Rating and Forecast
- By Refinitiv from26 analysts
Actual
Company News
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SEBI has disposed of proceedings against 12 noticees in the Max Financial Services matter without imposing any penalties. Settlement applications from 13 other noticees remain under process.
Max Financial Services shareholders approved all five resolutions at the 38th AGM held on August 19, 2026, including director reappointment and remuneration approvals.
Max Financial Q1 Profit Rises 37% YoYAug 13, 2026
Max Financial Services reported a 37% YoY rise in Q1 net profit to ₹956 crore, driven by a 17% revenue increase to ₹14,970 crore.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
415.30 | #1 5,25,354.31 | #1 8.89 | #1 9,90,211.30 | #1 10.23 | #1 57,453 | 24.00 | 49.31 | |
1,768.20 | 1,77,380.79 | 68.09 | 1,14,263.40 | -3.37 | 2,470 | 21.95 | 37.58 | |
553.00 | 1,19,334.69 | 60.26 | 1,00,355.40 | 3.05 | 1,912 | 11.47 | 52.93 | |
515.05 | 74,719.18 | 45.85 | 64,735.10 | -9.27 | 1,608 | #1 61.93 | 56.49 | |
1,600.00 | #5 55,218.36 | #6 398.49 | #5 47,696.40 | #4 2.58 | #6 105 | #2 36.92 | 59.24 | |
153.88 | 14,618.60 | 110.43 | 11,628.90 | 7.43 | 127 | 20.09 | 58.51 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
2.58 %
Net Income Growth
-74.31 %
Cash Flow Change
37.37 %
ROE
-74.33 %
ROCE
-58.15 %
EBITDA Margin (Avg.)
-54.63 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| 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 | 1,90,180 | 1,98,936 |
| Fixed Assets | 1,200 | 349 | 691 | 556 | 556 | 641 | 639 | 616 | 614 | 612 | 610 | 607 |
| Current Assets | 4,720 | 3,926 | 6,368 | 2,623 | 3,356 | 5,310 | 5,652 | 7,337 | 7,850 | 9,201 | 9,729 | 12,286 |
| Capital Work in Progress | 39 | 37 | 3 | 0 | 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 | 1,52,959 | 1,79,841 | 1,86,014 |
| Other Assets | 31,413 | 35,354 | 41,362 | 2,624 | 3,356 | 5,320 | 5,661 | 7,338 | 7,854 | 9,203 | 9,729 | 12,314 |
| Total Equity & Liabilities | 35,503 | 38,147 | 46,739 | 55,842 | 67,156 | 74,526 | 98,066 | 1,17,749 | 1,31,824 | 1,62,774 | 1,90,180 | 1,98,936 |
| 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 | 1,82,739 | 1,90,657 |
| Non Current Liabilities | 27,010 | 31,061 | 38,460 | 36 | 57 | 3 | 60 | 526 | 523 | 528 | 1,038 | 1,859 |
| Total Equity | 3,919 | 2,668 | 3,084 | 2,602 | 2,833 | 2,819 | 3,605 | 4,485 | 3,969 | 4,370 | 6,403 | 6,420 |
| Reserve & Surplus | 3,249 | 1,912 | 2,281 | 1,766 | 2,005 | 2,093 | 3,274 | 3,866 | 3,450 | 3,797 | 5,206 | 5,213 |
| Share Capital | 53 | 53 | 54 | 54 | 54 | 54 | 69 | 69 | 69 | 69 | 69 | 69 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Net Cash Flow | -119 | 74 | 20 | 466 | -137 | 78 | -51 | 49 | -1,866 | 986 | 610 | 915 |
| Investing Activities | -2,311 | -3,541 | -6,290 | -6,951 | -8,789 | -4,991 | -6,852 | -8,835 | -11,555 | -5,001 | -9,703 | -11,125 |
| Operating Activities | 2,579 | 3,802 | 6,526 | 7,534 | 8,826 | 5,452 | 6,892 | 8,496 | 9,922 | 6,104 | 8,352 | 11,473 |
| Financing Activities | -388 | -187 | -215 | -116 | -174 | -383 | -92 | 388 | -233 | -117 | 1,961 | 567 |
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 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| 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 % | 1.71 % | 1.25 % | 1.25 % | 1.25 % |
| 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 % | 44.78 % | 45.14 % | 47.88 % | 48.06 % |
| 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 % | 47.26 % | 47.35 % | 44.75 % | 44.34 % |
| 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 % | 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 % | 4.56 % | 4.53 % | 4.46 % | 4.65 % |
| 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 % | 1.69 % | 1.74 % | 1.66 % | 1.70 % |
| 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 | 76,239 | 75,636 | 77,069 | 80,336 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 23 Aug 2024 |  Annual General Meeting | NA | 23 Aug 2024 | 1,108.25 | 1,057.85 |
| 22 Oct 2024 |  Quarterly Result Announcement | NA | 22 Oct 2024 | 1,179.60 | 1,193.30 |
| 04 Feb 2025 | Quarterly Result Announcement | NA | 04 Feb 2025 | 1,102.85 | 1,083.45 |
| 13 May 2025 | Quarterly Result Announcement | NA | 13 May 2025 | 1,157.25 | 1,294.25 |
| 07 Aug 2025 | Quarterly Result Announcement | NA | 07 Aug 2025 | 1,626.80 | 1,489.60 |
| 18 Sept 2025 | Annual General Meeting | NA | 18 Sept 2025 | 1,638.70 | 1,537.90 |
| 11 Nov 2025 | Quarterly Result Announcement | NA | 11 Nov 2025 | 1,564.70 | 1,619.10 |
| 11 Feb 2026 | Quarterly Result Announcement | NA | 11 Feb 2026 | 1,678.50 | 1,747.20 |
| 12 May 2026 | Quarterly Result Announcement | NA | 12 May 2026 | 1,585.90 | 1,695.50 |
| 13 Aug 2026 | Quarterly Result Announcement | NA | 13 Aug 2026 | 1,662.65 | 1,524.00 |
| 19 Aug 2026 | Annual General Meeting | NA | 19 Aug 2026 | 1,515.50 | 1,584.45 |
Announcements
Disclosure Under The Extant Provisions Of The SEBI (Listing Obligations And Disclosure Requirements Regulations) 2015 (SEBI Listing Regulations) On Receipt Of Final Order From SEBI In Relation To The Show Cause Notice Issued On October 24 2024
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript6 days ago
6 days agoShareholder Meeting / Postal Ballot-Scrutinizers Report6 days ago
6 days agoShareholder Meeting / Postal Ballot-Outcome of AGM7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2026
Aug 15, 2026Submission Of Link To The Audio Recording Of Earnings Conference Call
Aug 13, 2026
Aug 13, 2026Disclosure Under The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR)Aug 13, 2026
Aug 13, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 13, 2026
Aug 13, 2026Announcement under Regulation 30 (LODR)-Investor PresentationAug 13, 2026
Aug 13, 2026Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2026Aug 13, 2026
Aug 13, 2026Board Meeting Outcome for Outcome Of Board Meeting - Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2026Aug 13, 2026
Aug 13, 2026Disclosure Under The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR) Regarding Axis Max Life Insurance Limited (Axis Max Life) The Material Subsidiary Of The CompanyAug 08, 2026
Aug 08, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2026
Aug 07, 2026Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR) Regarding Axis Max Life Insurance Limited (Axis Max Life) The Material Subsidiary Of The CompanyAug 04, 2026
Aug 04, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 04, 2026
Aug 04, 2026Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR) Regarding Axis Max Life Insurance Limited (Axis Max Life) The Material Subsidiary Of The CompanyAug 01, 2026
Aug 01, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 28, 2026
Jul 28, 2026Notice Of The 38Th Annual General MeetingJul 27, 2026
Jul 27, 2026Pursuant To The Requirement Of Section 91 Of The Companies Act 2013 The Register Of Members And Share Transfer Books Of The Company Will Remain Closed From Thursday August 13 2026 To Wednesday August 19 2026 For The Purpose Of AGM Of The Co.Jul 27, 2026
Jul 27, 2026Annual General Meeting Of The Company To Be Held On Wednesday August 19 2026 At 10:00 A.M.Jul 27, 2026
Jul 27, 2026Business Responsibility and Sustainability Reporting (BRSR)Jul 27, 2026
Jul 27, 2026Reg. 34 (1) Annual Report.Jul 27, 2026
Jul 27, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 24, 2026
Jul 24, 2026Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR) Regarding Axis Max Life Insurance Limited (Axis Max Life) The Material Subsidiary Of The CompanyJul 08, 2026
Jul 08, 2026 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJul 06, 2026
Jul 06, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 06, 2026
Jul 06, 2026Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR) Regarding Axis Max Life Insurance Limited (Axis Max Life) The Material Subsidiary Of The CompanyJul 01, 2026
Jul 01, 2026Closure of Trading WindowJun 25, 2026
Jun 25, 2026Board Meeting Intimation for Board Meeting For Consideration Of Un-Audited Financial Results Of The Company For The Quarter Ending June 30 2026Jun 25, 2026
Jun 25, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 06, 2026
Jun 06, 2026Shareholder Meeting / Postal Ballot-Notice of Postal BallotJun 05, 2026
Jun 05, 2026Intimation Regarding Allotment Of Equity Shares By Axis Max Life Insurance Limited The Material Subsidiary Of The CompanyJun 01, 2026
Jun 01, 2026Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 19, 2026
May 19, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 14, 2026
May 14, 2026Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Intimation Of Change In CINMay 13, 2026
May 13, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 13, 2026
May 13, 2026Announcement under Regulation 30 (LODR)-Investor PresentationMay 12, 2026
May 12, 2026Independent Actuarial Opinion On Embedded ValueMay 12, 2026
May 12, 2026Re-Appointment Of M/S MGC & KNAV Global Risk Advisory LLP As Internal Auditors Of The Company For The Financial Year 2026-27May 12, 2026
May 12, 2026Extension Of Term Of Appointment Of Mr. V. Krishnan As The Manager (KMP) Under The Applicable Provisions Of The Companies Act 2013 And SEBI Listing RegulationsMay 12, 2026
May 12, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateMay 12, 2026
May 12, 2026Announcement under Regulation 30 (LODR)-Resignation of DirectorMay 12, 2026
May 12, 2026Approval Of Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended March 31 2026May 12, 2026
May 12, 2026Board Meeting Outcome for Approval Of Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended March 31 2026May 12, 2026
May 12, 2026Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR)May 11, 2026
May 11, 2026 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 10, 2026
May 10, 2026Cancellation Of Earnings Call Originally Scheduled For May 13 2026May 10, 2026
May 10, 2026Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR) Regarding Axis Max Life Insurance Limited The Material Subsidiary Of The CompanyMay 07, 2026
May 07, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 58.00
ATR(14)
Less Volatile 38.02
STOCH(9,6)
Overbought 86.60
STOCH RSI(14)
Overbought 87.10
MACD(12,26)
Bullish 10.20
ADX(14)
Weak Trend 18.84
UO(9)
Bearish 62.63
ROC(12)
Uptrend And Accelerating 6.35
WillR(14)
Overbought -5.94
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...more
Chairperson NameAnaljit Singh
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