Max Financial Services Ltd.

973.00 +8.05 ▲0.8%

29 February 2024, 04:01:00 PM
Volume: 24,901

Company Profile

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 33,579.67 Cr.
Enterprise Value(EV) Cr. -
Financial Indicators
Earnings per share (EPS) 12.46 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) 77.87 Trailing Twelve Months Ending 2023-12
Industry PE 39.20 Trailing Twelve Months Ending 2023-12
Book Value / Share 113.69 Trailing Twelve Months Ending 2023-12
Price to Book Value 8.56 Calculated using Price: 973.00
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

Delivered Qty
Traded Qty

Max Financial Services Ltd. Performance

1 Day
+0.83%
1 Week
+2.08%
1 Month
+10.80%
3 Month
-3.19%
6 Month
+4.87%
1 Year
+40.52%
2 Year
+17.28%
5 Year
+146.11%
10 Year
+404.54%

Max Financial Services Ltd. Fundamental Ratios

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

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

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

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

9 Qtrs 2021-12 (%) 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%)
Promoter 14.72 14.72 14.72 14.72 11.45 10.15 10.15 6.52 6.52
Public 85.28 85.28 85.28 85.28 88.55 89.85 89.85 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 (%) 63.61 87.21 88.89 94.01 92.96 85.05 93.31 58.68 59.57

Max Financial Services Ltd. Announcements

Thu, 22 Feb 2024
Announcement under Regulation 30 (LODR)-Newspaper Publication
As per the disclosure attached.
Wed, 21 Feb 2024
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
As per the disclosure attached
Thu, 15 Feb 2024
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
As per the disclosure attached

Max Financial Services Ltd. Technical Scans

Wed, 28 Feb 2024
Higher Trade Quantity Higher Trade Quantity
Close Crossing Last Month High Close Crossing Last Month High
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone
Close Above Last Month High Close Above Last Month High

Max Financial Services Ltd. Related Stocks

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Life Insurance Corporation of India 636,674.27 1,022.80 +1.6%
Bajaj Finance Ltd. 402,344.51 6,495.35 0.0%
Bajaj Finserv Ltd. 252,741.38 1,593.80 +0.6%
JIO Financial Services Ltd. 195,903.52 310.00 +0.6%
Indian Railway Finance Corporation Ltd. 192,629.78 146.70 -0.5%
SBI Life Insurance Company Ltd. 154,207.01 1,552.55 +0.8%
Power Finance Corporation Ltd. 128,522.46 400.70 +2.9%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-12 15.79 1,022.80 +1.6%
Bajaj Finance Ltd. Consolidated 2023-12 29.19 6,495.35 0.0%
Bajaj Finserv Ltd. Consolidated 2023-12 32.41 1,593.80 +0.6%
JIO Financial Services Ltd. Consolidated 2023-03 0.00 310.00 +0.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-12 31.90 146.70 -0.5%
SBI Life Insurance Company Ltd. Standalone 2023-12 82.91 1,552.55 +0.8%
Power Finance Corporation Ltd. Consolidated 2023-12 6.83 400.70 +2.9%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-12 9.08 1,022.80 +1.6%
Bajaj Finance Ltd. Consolidated 2023-12 5.56 6,495.35 0.0%
Bajaj Finserv Ltd. Consolidated 2023-12 4.60 1,593.80 +0.6%
JIO Financial Services Ltd. Consolidated 2023-03 1.69 310.00 +0.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-12 3.99 146.70 -0.5%
SBI Life Insurance Company Ltd. Standalone 2023-12 10.69 1,552.55 +0.8%
Power Finance Corporation Ltd. Consolidated 2023-12 1.29 400.70 +2.9%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 0.00 1,022.80 +1.6%
Bajaj Finance Ltd. Consolidated 2023-03 4.03 6,495.35 0.0%
Bajaj Finserv Ltd. Consolidated 2023-03 4.60 1,593.80 +0.6%
JIO Financial Services Ltd. Consolidated 2023-03 0.01 310.00 +0.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 9.21 146.70 -0.5%
SBI Life Insurance Company Ltd. Standalone 2023-03 0.00 1,552.55 +0.8%
Power Finance Corporation Ltd. Consolidated 2023-03 8.75 400.70 +2.9%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 124.33 1,022.80 +1.6%
Bajaj Finance Ltd. Consolidated 2023-03 23.70 6,495.35 0.0%
Bajaj Finserv Ltd. Consolidated 2023-03 28.46 1,593.80 +0.6%
JIO Financial Services Ltd. Consolidated 2023-03 0.06 310.00 +0.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 14.66 146.70 -0.5%
SBI Life Insurance Company Ltd. Standalone 2023-03 14.14 1,552.55 +0.8%
Power Finance Corporation Ltd. Consolidated 2023-03 27.18 400.70 +2.9%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 124.33 1,022.80 +1.6%
Bajaj Finance Ltd. Consolidated 2023-03 23.70 6,495.35 0.0%
Bajaj Finserv Ltd. Consolidated 2023-03 28.46 1,593.80 +0.6%
JIO Financial Services Ltd. Consolidated 2023-03 0.06 310.00 +0.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 14.66 146.70 -0.5%
SBI Life Insurance Company Ltd. Standalone 2023-03 14.14 1,552.55 +0.8%
Power Finance Corporation Ltd. Consolidated 2023-03 27.18 400.70 +2.9%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 1,022.80 +1.6%
Bajaj Finance Ltd. Consolidated 2023-03 41,397.38 6,495.35 0.0%
Bajaj Finserv Ltd. Consolidated 2023-03 82,071.24 1,593.80 +0.6%
JIO Financial Services Ltd. Consolidated 2023-03 41.63 310.00 +0.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 23,891.83 146.70 -0.5%
SBI Life Insurance Company Ltd. Standalone 2023-03 1,552.55 +0.8%
Power Finance Corporation Ltd. Consolidated 2023-03 77,568.30 400.70 +2.9%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Life Insurance Corporation of India Consolidated 2023-03 35,996.65 1,022.80 +1.6%
Bajaj Finance Ltd. Consolidated 2023-03 11,507.69 6,495.35 0.0%
Bajaj Finserv Ltd. Consolidated 2023-03 12,209.54 1,593.80 +0.6%
JIO Financial Services Ltd. Consolidated 2023-03 31.25 310.00 +0.6%
Indian Railway Finance Corporation Ltd. Standalone 2023-03 6,337.01 146.70 -0.5%
SBI Life Insurance Company Ltd. Standalone 2023-03 1,720.57 1,552.55 +0.8%
Power Finance Corporation Ltd. Consolidated 2023-03 21,178.59 400.70 +2.9%

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