Max Financial Services Ltd.

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999.80 -5.35 ▼-0.5%

19 April 2024, 10:10:58 AM
Volume: 159,009

Company Profile

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Sector Finance Sector Icon Finance Compare with Sector peers
Industry Finance - Others Industry Icon Finance - Others Compare with Industry peers
Website http://www.maxfinancialservices.com
Market Cap 34,685.76 Cr.
Enterprise Value(EV) Cr. -
Financial Indicators
Earnings per share (EPS) 12.46 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) 80.66 Trailing Twelve Months Ending 2023-12
Industry PE 49.91 Trailing Twelve Months Ending 2023-12
Book Value / Share 113.69 Trailing Twelve Months Ending 2023-12
Price to Book Value 8.84 Calculated using Price: 1,005.05
Dividend Yield 0.00 Period Ending 2023-03
No. of Shares Subscribed 34.51 Cr. 345,114,771 Shares
FaceValue 2
About Max Financial Services Ltd.
Max Financial Services Limited (MFS), a part of the Max Group, is the holding company for Max Life, India’s largest non-bank, private life insurance company. Max Financial Services owns and actively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan-headquartered global leader in life insurance.

Max Financial Services Ltd. Delivery

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Delivered Qty
Traded Qty

Max Financial Services Ltd. Performance

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1 Day
-0.53%
1 Week
-4.31%
1 Month
+4.66%
3 Month
+11.22%
6 Month
+7.55%
1 Year
+53.84%
2 Year
+29.37%
5 Year
+125.76%
10 Year
+375.98%

Max Financial Services Ltd. Fundamental Ratios

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9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 11.66 15 27.7 21.4 21.59 13 20.41 8.75 12.13
Return on Capital Employed (%) 15.66 16.27 33.04 26.05 26.83 22.89 23.09 11.69 13.76
Return on Assets (%) 1.13 1.06 1.39 0.86 0.68 0.38 0.65 0.3 0.36

Max Financial Services Ltd. Balance Sheet

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Particulars 10 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 3,302 1,966 2,335 1,819 2,059 2,147 3,343 3,935 3,518 3,752
Non Curr. Liab. 27,016 31,289 38,688 235 565 420 319 777 813 138,067
Curr. Liab. 4,574 4,418 5,196 53,005 63,986 71,277 94,132 112,485 127,039 530
Minority Int. 617 703 749 783 774 672 262 550 450 487
Equity & Liab. 35,509 38,375 46,968 55,842 67,384 74,516 98,057 117,747 131,820 142,835
Non Curr. Assets 30,788 34,449 40,599 1,373 2,297 3,605 2,534 2,653 3,031 5,648
Curr. Assets 4,720 3,926 6,368 54,469 65,087 70,911 95,522 115,094 128,789 137,187
Misc. Exp. not W/O
Total Assets 35,509 38,375 46,968 55,842 67,384 74,516 98,057 117,747 131,820 142,835

Max Financial Services Ltd. Profit and Loss

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Particulars 10 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-12 Rs. Cr. TTM
Net Sales 14,815 11,696 15,228 16,321 19,486 18,209 31,246 31,156 31,384 41,618
Other Income 61 16 21 18 27 32 222 34 48 36
Total Income 14,877 11,712 15,249 16,339 19,513 18,242 31,468 31,190 31,432 41,654
Total Expenditure -14,128 -11,179 -14,476 -15,735 -18,917 -17,599 -30,672 -30,554 -30,670 -41,076
PBIDT 748 533 773 604 597 642 796 636 762 578
Interest -82 -8 -9 -11 -39 -39 -41 -67 -57 -42
Depreciation -154 -60 -63 -63 -76 -161 -162 -180 -178 -4
Taxation -148 -72 -108 -88 -64 -170 -33 -70 -75 -38
Exceptional Items
PAT 365 393 593 442 416 273 560 318 452 495
Minority Interest -85 -140 -198 -155 -154 -128 -134 -65 -73 -65
Share Associate
Other Related Items
Consolidated Net Profit 280 253 395 286 263 145 425 253 378 430
Adjusted EPS 10 9 15 11 10 5 12 7 11 13

Max Financial Services Ltd. Cash Flow

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Particulars 10 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 2,160 2,579 3,802 4,266 4,853 5,559 5,452 6,892 8,496 9,922
Cash Fr. Inv. -1,908 -2,311 -3,503 -4,030 -4,271 -5,522 -4,991 -6,852 -8,835 -9,228
Cash Fr. Finan. -213 -388 -187 -215 -116 -174 -383 -92 388 -233
Net Change 39 -119 112 20 466 -137 78 -51 48 462
Cash & Cash Eqvt 379 260 333 354 825 689 767 716 764 1,226

Max Financial Services Ltd. Shareholding Pattern

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9 Qtrs 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%) 2024-03 (%)
Promoter 14.72 14.72 14.72 11.45 10.15 10.15 6.52 6.52 6.52
Public 85.28 85.28 85.28 88.55 89.85 89.85 93.48 93.48 93.48
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 87.21 88.89 94.01 92.96 85.05 93.31 58.68 59.57 69.15
No. of Shareholders (in Lacs)

Max Financial Services Ltd. Announcements

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Wed, 17 Apr 2024
Updates
Max Financial Services Limited has informed the Exchange regarding 'Intimation for allotment of equity shares by Max Life Insurance, the material subsidiary of the Company to Axis Bank Limited'.
Mon, 15 Apr 2024
Disclosure under SEBI Takeover Regulations
Max ventures Investment Holding Pvt Ltdￂﾠhas Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indiaￂﾠ(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Sat, 13 Apr 2024
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Max Financial Services Limited has informed the Exchange about Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

Max Financial Services Ltd. Technical Scans

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Thu, 18 Apr 2024
Close Within 52 Week High Zone Close Within 52 Week High Zone
High Increase in 1 Month High Increase in 1 Month
High Increase in 3 Months High Increase in 3 Months
High Increase in 1 Year High Increase in 1 Year
High Increase in 5 Years High Increase in 5 Years

Max Financial Services Ltd. Related Stocks

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  • SALES
Stock Name Market Cap(Rs. Cr.) LTP Chg %
Life Insurance Corporation of India 607,737.40 965.00 +0.4%
Bajaj Finance Ltd. 427,112.53 6,858.20 -0.5%
Bajaj Finserv Ltd. 254,360.80 1,588.50 -0.3%
JIO Financial Services Ltd. 240,281.21 372.55 -1.6%
Indian Railway Finance Corporation Ltd. 185,442.10 139.95 -1.4%
SBI Life Insurance Company Ltd. 145,683.18 1,441.40 -1.1%
Power Finance Corporation Ltd. 130,502.52 396.60 +0.3%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-12 15.07 965.00 +0.4%
Bajaj Finance Ltd. Consolidated 2023-12 30.99 6,858.20 -0.5%
Bajaj Finserv Ltd. Consolidated 2023-12 32.62 1,588.50 -0.3%
JIO Financial Services Ltd. Consolidated 2023-03 0.00 372.55 -1.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-12 30.71 139.95 -1.4%
SBI Life Insurance Company Ltd. Standalone 2023-12 78.33 1,441.40 -1.1%
Power Finance Corporation Ltd. Consolidated 2023-12 6.94 396.60 +0.3%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-12 8.66 965.00 +0.4%
Bajaj Finance Ltd. Consolidated 2023-12 5.91 6,858.20 -0.5%
Bajaj Finserv Ltd. Consolidated 2023-12 4.63 1,588.50 -0.3%
JIO Financial Services Ltd. Consolidated 2023-03 2.07 372.55 -1.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-12 3.84 139.95 -1.4%
SBI Life Insurance Company Ltd. Standalone 2023-12 10.10 1,441.40 -1.1%
Power Finance Corporation Ltd. Consolidated 2023-12 1.31 396.60 +0.3%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 0.00 965.00 +0.4%
Bajaj Finance Ltd. Consolidated 2023-03 4.03 6,858.20 -0.5%
Bajaj Finserv Ltd. Consolidated 2023-03 4.60 1,588.50 -0.3%
JIO Financial Services Ltd. Consolidated 2023-03 0.01 372.55 -1.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 9.21 139.95 -1.4%
SBI Life Insurance Company Ltd. Standalone 2023-03 0.00 1,441.40 -1.1%
Power Finance Corporation Ltd. Consolidated 2023-03 8.75 396.60 +0.3%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 124.33 965.00 +0.4%
Bajaj Finance Ltd. Consolidated 2023-03 23.70 6,858.20 -0.5%
Bajaj Finserv Ltd. Consolidated 2023-03 28.46 1,588.50 -0.3%
JIO Financial Services Ltd. Consolidated 2023-03 0.06 372.55 -1.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 14.66 139.95 -1.4%
SBI Life Insurance Company Ltd. Standalone 2023-03 14.14 1,441.40 -1.1%
Power Finance Corporation Ltd. Consolidated 2023-03 27.18 396.60 +0.3%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 124.33 965.00 +0.4%
Bajaj Finance Ltd. Consolidated 2023-03 23.70 6,858.20 -0.5%
Bajaj Finserv Ltd. Consolidated 2023-03 28.46 1,588.50 -0.3%
JIO Financial Services Ltd. Consolidated 2023-03 0.06 372.55 -1.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 14.66 139.95 -1.4%
SBI Life Insurance Company Ltd. Standalone 2023-03 14.14 1,441.40 -1.1%
Power Finance Corporation Ltd. Consolidated 2023-03 27.18 396.60 +0.3%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 965.00 +0.4%
Bajaj Finance Ltd. Consolidated 2023-03 41,397.38 6,858.20 -0.5%
Bajaj Finserv Ltd. Consolidated 2023-03 82,071.24 1,588.50 -0.3%
JIO Financial Services Ltd. Consolidated 2023-03 41.63 372.55 -1.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 23,891.83 139.95 -1.4%
SBI Life Insurance Company Ltd. Standalone 2023-03 1,441.40 -1.1%
Power Finance Corporation Ltd. Consolidated 2023-03 77,568.30 396.60 +0.3%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 35,996.65 965.00 +0.4%
Bajaj Finance Ltd. Consolidated 2023-03 11,507.69 6,858.20 -0.5%
Bajaj Finserv Ltd. Consolidated 2023-03 12,209.54 1,588.50 -0.3%
JIO Financial Services Ltd. Consolidated 2023-03 31.25 372.55 -1.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 6,337.01 139.95 -1.4%
SBI Life Insurance Company Ltd. Standalone 2023-03 1,720.57 1,441.40 -1.1%
Power Finance Corporation Ltd. Consolidated 2023-03 21,178.59 396.60 +0.3%

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