Max Financial Services Limited
NSE: MFSLMarket Closed • NSE
Day range
52 week range
Max Financial Services Limited closed at INR1294.90 (+1.4%) on volume 0.72x its 20-day average, trading 31.58% below its 52-week high.
2026-Q1
Q1 FY2026 Financial Results
PAT moved -172.1% QoQ
2024-08-16
AGM Announced
Annual General Meeting
2023-08-14
AGM Announced
Annual General Meeting
Revenue and PAT bars use independent scales to make their year-on-year direction readable.
Complete reported financial history · Values use the company's reporting currency
Hover over the chart for exact reported values. Percentage lines use the right-hand axis.
A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.
Strengths
Low Debt Profile: Debt-to-Equity is comfortable at 0.36x
High Cash Flow Conversion: CFO/PAT averaged 34.51x over last 3 years
Risks
Stretched Valuation: Trading at a high P/E multiple of 409.8x
Bull case
Market Leadership: Established operational scale in Insurance - Life.
Bear case
Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.
Flip condition
Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.
Complete dividend, bonus, split, rights and other action history
| Record date | Corporate action | Information | Announcement date | Ex-date |
|---|---|---|---|---|
| — | Annual General Meeting | Annual General Meeting | — | 16 Aug 2024 |
| — | Annual General Meeting | Annual General Meeting | — | 14 Aug 2023 |
| — | Annual General Meeting | Annual General Meeting | — | 17 Aug 2022 |
| — | Annual General Meeting | Annual General Meeting | — | 15 Sept 2021 |
| — | Annual General Meeting | Annual General Meeting | — | 22 Dec 2020 |
| — | Annual General Meeting | Annual General Meeting | — | 16 Sept 2019 |
| — | Annual General Meeting | Annual General Meeting | — | 17 Sept 2018 |
| — | Annual General Meeting | Annual General Meeting | — | 18 Sept 2017 |
| — | Dividend | ₹1.80 / share | — | 19 Sept 2016 |
| 28 Jan 2016 | Scheme Of Arrangement | Scheme Of Arrangement | — | 27 Jan 2016 |
| 20 Nov 2015 | Dividend | ₹1.80 / share | — | 19 Nov 2015 |
| — | Dividend | ₹1.00 / share | — | 15 Sept 2015 |
Traded volume and delivery percentage across the latest 20 sessions
Compare valuation, latest quarterly performance and year-on-year growth
| Company name | Market cap ₹ Cr | P/E ratio | Dividend yield % | Quarterly sales ₹ Cr | Profit after tax ₹ Cr | Sales growth % | Profit growth % |
|---|---|---|---|---|---|---|---|
 HDFC Bank LimitedHDFCBANK Open analysis | ₹11.24L | 15.93 | 1.79% | ₹46,355.55 | ₹19,059.72 | -45.69% | +17.23% |
 ICICI Bank LimitedICICIBANK Open analysis | ₹10.03L | 18.06 | 0.86% | ₹32,960.41 | ₹16,276.00 | -35.98% | +12.59% |
 State Bank of IndiaSBIN Open analysis | ₹8.89L | 10.32 | 1.81% | ₹62,915.13 | ₹25,121.00 | -29.09% | +13.56% |
 Bajaj Finance LimitedBAJFINANCE Open analysis | ₹6.11L | 29.36 | 0.56% | ₹13,929.00 | ₹6,081.00 | +17.62% | +27.62% |
 Life Insurance Corporation of IndiaLICI Open analysis | ₹5.03L | 8.37 | 2.54% | ₹2.40L | ₹13,584.00 | +6.76% | +24.00% |
 Kotak Mahindra Bank LimitedKOTAKBANK Open analysis | ₹4.45L | 21.93 | 0.15% | ₹11,266.63 | ₹5,480.00 | -41.22% | +22.54% |
 Axis Bank LimitedAXISBANK Open analysis | ₹4.02L | 14.51 | 0.08% | ₹21,381.52 | ₹7,114.00 | -3.52% | +22.53% |
 Bajaj Finserv Ltd.BAJAJFINSV Open analysis | ₹2.77L | 27.45 | 0.08% | ₹42,036.90 | — | +39.05% | — |
Max Financial Services Limited, through its subsidiary, engages in life insurance business in India. The company operates through Business Investments and Others, and Life Insurance segments. It offers participating and nonparticipating and linked products covering life insurance, pension and health benefits, including riders for individual and group through individual agents, corporate agents, banks, brokers, and other channels. The company is also involved treasury investment activities; and provision of management advisory services. Max Financial Services Limited was incorporated in 1988 and is based in Noida, India.
IndiaFinancial Services
Is Max Financial Services Limited Shariah compliant?
Max Financial Services Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (4.16%) complies with AAOIFI threshold (≤ 33%).
What is Max Financial Services Limited's current valuation relative to peers?
Max Financial Services Limited trades at a P/E of 409.8x compared to the sector median of 16.5x, and a Price-to-Book of 8.4x.
Is the company financially healthy?
The company has a Debt-to-Equity ratio of 0.36x. Interest coverage is 0x.
What are the historical revenue and profit growth rates?
Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.
Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.
Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.