Max Financial Services

1,526.00
+11.60
(0.77%)
Market Cap
52,664.51 Cr
EPS
9.85
PE Ratio
158.04
Dividend Yield
0.00 %
Industry
Insurance
52 Week High
1,553.70
52 Week Low
940.15
PB Ratio
9.91
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 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
positive
Sumit Madan will succeed Prashant Tripathy as MD and CEO of Axis Max Life Insurance, effective October 1, 2025. Madan, currently Chief Distribution Officer, brings 25 years of experience in banking and financial services. The appointment is subject to shareholder and IRDAI approval, with a five-year term until September 30, 2030.
Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
937.95
#1 5,93,253.16
#1 12.35
#1 8,64,897.70
8.57
#1 40,916
37.55
61.55
1,755.20
1,75,891.57
73.34
1,33,665.10
#1 62.23
1,894
0.33
48.62
752.85
1,62,080.57
89.85
1,02,006.60
42.38
1,574
15.50
50.16
629.50
90,981.65
76.99
71,350.30
-22.21
1,186
121.82
49.56
1,526.00
#5 52,664.51
#5 158.04
#5 46,618.30
#2 48.32
#5 393
#1 176.45
72.30

Automatic Screeners on ScanX

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

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 20255 days ago
Disclosure Under Listing Regulations - Grant Of Options6 days ago
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
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

Technical Indicators

RSI(14)
Neutral
72.30
ATR(14)
Volatile
33.72
STOCH(9,6)
Neutral
72.61
STOCH RSI(14)
Oversold
17.20
MACD(12,26)
Bearish
-6.03
ADX(14)
Strong Trend
37.67
UO(9)
Bearish
59.36
ROC(12)
Uptrend And Accelerating
1.50
WillR(14)
Neutral
-25.65

Mutual Fund Holdings

Funding HouseNo of SharesCurrent Holding %1M Change %3M Change %Month
SBI Magnum Mid Cap Direct Plan-Growth
3000000
2.01%
1.58%
2.01%
May 2025
Mirae Asset Focused Fund Direct - Growth
0
0.00%
-2.74%
-2.94%
May 2025
Mirae Asset Large Cap Fund Direct- Growth
348
0.00%
-0.53%
-0.61%
May 2025
ICICI Prudential Innovation Fund Direct - Growth
0
0.00%
-2.23%
-2.01%
May 2025
Kotak Equity Arbitrage Fund Direct-Growth
278400
0.06%
-0.19%
-0.28%
May 2025
HSBC Large and Mid Cap Fund Direct - Growth
656500
2.36%
2.36%
2.36%
May 2025
HSBC Midcap Fund Direct-Growth
2011600
2.64%
0.92%
2.64%
May 2025
DSP Midcap Direct Plan-Growth
3866404
3.10%
-0.19%
0.13%
May 2025
ICICI Prudential ELSS Tax Saver Direct Plan - Growth
1249752
1.31%
-0.39%
-0.24%
May 2025
Aditya Birla Sun Life Focused Fund Direct-Growth
789989
1.53%
-0.80%
-0.78%
May 2025
ICICI Prudential Focused Equity Fund Direct-Growth
2299594
2.96%
-0.37%
0.06%
May 2025
ICICI Prudential Value Discovery Direct-Growth
6052387
1.73%
0.06%
0.53%
May 2025
ICICI Prudential Equity & Debt Fund Direct-Growth
1143205
0.40%
-0.11%
-0.06%
May 2025
SBI Flexicap Fund Direct-Growth
435225
0.30%
0.30%
0.30%
May 2025
DSP Flexi Cap Fund Direct Plan-Growth
1577237
2.00%
-0.27%
-0.04%
May 2025
Nippon India Multi Cap Fund Direct-Growth
7600000
2.63%
0.04%
0.25%
May 2025
DSP Small Cap Direct Plan-Growth
1300000
1.20%
-0.36%
-0.17%
May 2025
ICICI Prudential Multicap Fund Direct Plan-Growth
1036304
1.03%
-0.24%
-0.13%
May 2025
Aditya Birla Sun Life Pure Value Direct Fund-Growth
174170
0.42%
-0.77%
-0.91%
May 2025
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Direct - Growth
0
0.00%
-0.83%
-0.79%
May 2025
DSP ELSS Tax Saver Fund Direct Plan-Growth
2097595
1.86%
-0.02%
0.17%
May 2025
SBI Banking & Financial Services Fund Direct-Growth
2319400
4.36%
0.92%
4.36%
May 2025
DSP Equity Opportunities Fund Direct Plan-Growth
1793885
1.80%
-0.07%
0.09%
May 2025
Bandhan Flexi Cap Fund Direct-Growth
0
0.00%
-0.48%
-0.53%
May 2025
Mahindra Manulife Multi Cap Fund Direct - Growth
0
0.00%
-0.67%
-0.53%
May 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