Nifty
:
25461.00
Sensex
:
83432.89
55.70 (0.22%)
193.42 (0.23%)
Nifty
Sensex
:
:
25461.00
83432.89
55.70 (0.22%)
193.42 (0.23%)

Max Financial Services Ltd.

Insurance - Life

Rating :
69/99

BSE: 500271 | NSE: MFSL

NSE BSE
1589.90
04-Jul-2025
  • Open
  • High
  • Low
  • Previous Close
  •  1610
  •  1624.2
  •  1574.3
  •  1618.90
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1218649
  •  1939104962.4
  •  1666.9
  •  950

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 54,885.33
  • 167.74
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 53,761.84
  • N/A
  • 10.41

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 1.74%
  • 0.49%
  • 4.58%
  • FII
  • DII
  • Others
  • 44.75%
  • 45.72%
  • 2.72%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 12.09
  • 17.03
  • 14.34

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -0.34
  • 1.72
  • 1.98

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 1.98
  • 18.59
  • 10.31

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 74.52
  • 94.95
  • 89.01

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 7.04
  • 7.95
  • 7.86

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 44.53
  • 58.78
  • 62.21

Earnings Forecasts:

(Updated: 06-06-2025)
Description
2024
2025
2026
2027
Adj EPS
9.85
9.48
15.24
18.42
P/E Ratio
161.41
167.71
104.32
86.31
Revenue
46576
46469
48539
59660
EBITDA
629
707
41
90
Net Income
340
327
585
701
ROA
0.2
0.2
0.4
0.4
P/B Ratio
8.13
10.40
11.59
10.47
ROE
9.21
7.16
18.39
17.57
FCFF
5884
8134
FCFF Yield
13.76
19.02
Net Debt
-6785
-10258
1114
BVPS
195.65
152.84
137.19
151.91

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Jun 24
Jun 23
Var%
Net Sales
12,375.76
14,887.50
-16.87%
8,923.21
12,355.67
-27.78%
13,372.39
10,164.62
31.56%
11,798.84
9,168.12
28.69%
Expenses
12,355.99
14,944.62
-17.32%
8,835.57
12,146.31
-27.26%
13,200.75
10,020.76
31.73%
11,610.28
9,043.15
28.39%
EBITDA
19.77
-57.12
-
87.64
209.36
-58.14%
171.64
143.86
19.31%
188.56
124.97
50.88%
EBIDTM
0.16%
-0.38%
0.98%
1.69%
1.28%
1.42%
1.60%
1.36%
Other Income
20.32
9.68
109.92%
4.14
3.52
17.61%
3.73
24.52
-84.79%
3.19
3.34
-4.49%
Interest
15.30
10.81
41.54%
10.23
14.15
-27.70%
12.55
9.36
34.08%
9.28
9.32
-0.43%
Depreciation
0.71
0.68
4.41%
0.81
0.76
6.58%
0.72
0.78
-7.69%
0.72
0.99
-27.27%
PBT
24.08
-58.93
-
80.74
197.97
-59.22%
162.10
158.24
2.44%
181.75
118.00
54.03%
Tax
-16.15
-8.97
-
10.93
26.76
-59.16%
22.76
-12.08
-
25.81
16.87
52.99%
PAT
40.23
-49.96
-
69.81
171.21
-59.23%
139.34
170.32
-18.19%
155.94
101.13
54.20%
PATM
0.33%
-0.34%
0.78%
1.39%
1.04%
1.68%
1.32%
1.10%
EPS
0.91
-1.28
-
1.63
4.32
-62.27%
3.28
4.30
-23.72%
3.71
2.55
45.49%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Net Sales
46,470.20
46,572.93
31,384.04
31,156.49
31,286.52
21,214.17
19,511.71
16,321.04
15,227.89
11,696.14
14,877.43
Net Sales Growth
-0.23%
48.40%
0.73%
-0.42%
47.48%
8.73%
19.55%
7.18%
30.20%
-21.38%
 
Cost Of Goods Sold
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
781.37
Gross Profit
46,470.20
46,572.93
31,384.04
31,156.49
31,286.52
21,214.17
19,511.71
16,321.04
15,227.89
11,696.14
14,096.07
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
94.75%
Total Expenditure
46,002.59
45,908.55
30,669.69
30,554.26
30,630.24
20,604.01
18,942.08
15,734.51
14,475.68
11,178.72
14,190.29
Power & Fuel Cost
-
17.58
21.46
14.97
14.86
19.73
30.24
26.89
25.87
22.12
98.56
% Of Sales
-
0.04%
0.07%
0.05%
0.05%
0.09%
0.15%
0.16%
0.17%
0.19%
0.66%
Employee Cost
-
2,393.12
2,071.61
1,693.80
1,684.55
1,276.91
954.55
794.18
918.13
650.34
1,009.92
% Of Sales
-
5.14%
6.60%
5.44%
5.38%
6.02%
4.89%
4.87%
6.03%
5.56%
6.79%
Manufacturing Exp.
-
42,134.93
27,225.64
27,504.50
8,575.05
7,650.61
6,801.75
5,888.48
9,363.74
6,002.69
7,934.97
% Of Sales
-
90.47%
86.75%
88.28%
27.41%
36.06%
34.86%
36.08%
61.49%
51.32%
53.34%
General & Admin Exp.
-
1,243.23
1,184.55
1,090.64
825.69
871.27
841.88
674.02
4,166.35
3,482.49
688.44
% Of Sales
-
2.67%
3.77%
3.50%
2.64%
4.11%
4.31%
4.13%
27.36%
29.77%
4.63%
Selling & Distn. Exp.
-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
% Of Sales
-
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Miscellaneous Exp.
-
137.27
187.89
265.32
19,544.96
10,805.22
10,343.91
8,377.83
27.46
1,043.19
0.00
% Of Sales
-
0.29%
0.60%
0.85%
62.47%
50.93%
53.01%
51.33%
0.18%
8.92%
25.38%
EBITDA
467.61
664.38
714.35
602.23
656.28
610.16
569.63
586.53
752.21
517.42
687.14
EBITDA Margin
1.01%
1.43%
2.28%
1.93%
2.10%
2.88%
2.92%
3.59%
4.94%
4.42%
4.62%
Other Income
31.38
56.50
47.86
33.65
139.27
32.31
26.89
17.67
20.81
15.73
61.24
Interest
47.36
93.13
57.24
67.00
40.99
38.77
39.46
11.03
8.93
7.66
82.13
Depreciation
2.96
212.91
177.77
180.22
161.66
161.22
76.21
63.15
62.53
60.47
153.80
PBT
448.67
414.84
527.21
388.66
592.89
442.49
480.84
530.02
701.56
465.02
512.46
Tax
43.35
22.23
75.31
70.25
33.14
169.63
64.37
88.18
108.29
71.83
147.54
Tax Rate
9.66%
5.36%
14.28%
18.07%
5.59%
38.34%
13.39%
16.64%
15.44%
15.45%
28.79%
PAT
405.32
340.11
378.48
253.37
425.39
144.99
262.56
286.39
395.36
252.74
279.62
PAT before Minority Interest
329.15
392.61
451.89
318.40
559.75
272.85
416.47
441.84
593.27
393.19
364.91
Minority Interest
-76.17
-52.50
-73.41
-65.03
-134.36
-127.86
-153.91
-155.45
-197.91
-140.45
-85.29
PAT Margin
0.87%
0.73%
1.21%
0.81%
1.36%
0.68%
1.35%
1.75%
2.60%
2.16%
1.88%
PAT Growth
3.21%
-10.14%
49.38%
-40.44%
193.39%
-44.78%
-8.32%
-27.56%
56.43%
-9.61%
 
EPS
11.75
9.86
10.97
7.34
12.33
4.20
7.61
8.30
11.46
7.32
8.10

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Shareholder's Funds
3,865.93
3,518.24
3,934.61
3,342.96
2,146.52
2,059.03
1,819.27
2,334.65
1,965.72
3,302.02
Share Capital
68.73
68.72
69.02
69.02
53.90
53.88
53.68
53.45
53.40
53.30
Total Reserves
3,790.74
3,445.88
3,865.59
3,273.13
2,088.38
2,002.64
1,748.37
2,273.16
1,903.05
3,233.62
Non-Current Liabilities
1,324.36
1,246.72
777.32
758.61
495.71
778.95
343.65
38,688.11
31,289.09
27,015.96
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
403.05
Unsecured Loans
520.70
520.66
520.56
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
492.62
444.59
12.05
41.27
63.74
280.51
39.18
264.37
284.86
59.61
Current Liabilities
1,57,511.15
1,27,038.65
1,12,485.02
93,693.10
71,201.72
63,772.39
52,896.24
5,195.89
4,418.06
4,573.53
Trade Payables
1,486.54
1,709.48
1,414.69
1,169.30
809.44
979.17
905.87
864.81
666.05
907.21
Other Current Liabilities
1,56,024.61
1,25,291.45
1,11,033.30
92,509.55
70,256.58
62,789.26
51,984.54
4,164.78
3,658.60
3,287.23
Short Term Borrowings
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
114.71
Short Term Provisions
0.00
37.72
37.03
14.25
135.70
3.96
5.82
166.30
93.40
264.37
Total Liabilities
1,63,205.05
1,32,253.87
1,17,747.25
98,056.75
74,516.28
67,384.43
55,841.68
46,967.62
38,375.44
35,508.57
Net Block
1,164.26
1,108.24
964.93
988.89
1,046.14
722.30
694.61
690.78
348.62
1,199.82
Gross Block
2,111.51
1,860.79
1,559.77
1,427.19
1,334.63
857.39
757.35
1,209.11
815.60
1,997.73
Accumulated Depreciation
947.25
752.55
594.84
438.29
288.49
135.09
62.74
518.34
466.98
797.91
Non Current Assets
1,50,735.12
3,350.50
2,653.09
2,534.32
3,606.10
2,298.08
1,374.07
40,599.20
34,449.44
30,788.38
Capital Work in Progress
58.66
39.44
31.32
22.57
11.98
25.52
20.26
3.28
37.08
39.02
Non Current Investment
1,47,129.64
0.00
0.00
806.14
509.46
213.03
22.29
39,424.61
33,694.53
29,164.11
Long Term Loans & Adv.
1,463.98
1,316.27
805.17
663.69
575.04
769.62
458.00
439.98
340.92
343.09
Other Non Current Assets
156.30
109.63
60.14
53.02
1,463.47
567.62
178.91
40.54
28.29
42.33
Current Assets
12,469.93
1,28,903.37
1,15,094.17
95,522.43
70,910.18
65,086.35
54,467.60
6,368.43
3,925.99
4,720.19
Current Investments
5,880.68
1,23,355.46
1,09,794.16
91,765.75
68,565.60
63,244.76
52,660.89
4,682.96
2,406.98
2,850.72
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
179.20
Sundry Debtors
915.26
681.24
677.16
610.57
823.27
634.36
591.25
530.84
519.04
693.42
Cash & Bank
1,749.74
1,287.77
799.73
721.58
770.22
693.83
833.67
356.23
335.63
319.28
Other Current Assets
3,924.26
3,459.04
3,820.38
2,423.03
751.09
513.39
381.80
798.39
664.34
677.57
Short Term Loans & Adv.
120.89
119.86
2.75
1.51
1.50
14.44
42.81
144.35
203.54
251.62
Net Current Assets
-1,45,041.22
1,864.72
2,609.15
1,829.33
-291.54
1,313.96
1,571.36
1,172.54
-492.07
146.66
Total Assets
1,63,205.05
1,32,253.87
1,17,747.26
98,056.75
74,516.28
67,384.43
55,841.67
46,967.63
38,375.43
35,508.57

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Cash From Operating Activity
6,106.93
9,922.29
8,495.86
6,892.24
5,451.66
5,558.92
4,853.13
4,266.26
3,802.07
2,579.38
PBT
414.84
527.21
388.66
592.89
442.49
480.84
530.02
701.56
465.02
512.46
Adjustment
6,086.35
8,651.47
8,163.05
5,493.56
5,737.81
5,056.47
4,405.07
3,581.14
3,388.83
2,067.28
Changes in Working Capital
-381.22
838.73
14.32
943.41
-664.73
92.92
6.96
90.61
22.98
111.79
Cash after chg. in Working capital
6,119.97
10,017.40
8,566.02
7,029.87
5,515.57
5,630.23
4,942.05
4,373.31
3,876.83
2,691.53
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-13.05
-95.12
-70.17
-137.62
-63.90
-71.31
-88.92
-107.05
-74.76
-112.15
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-5,003.89
-11,555.05
-8,835.38
-6,851.53
-4,990.71
-5,522.09
-4,270.91
-4,030.48
-3,503.04
-2,311.21
Net Fixed Assets
2.92
2.81
22.67
2.48
-4.56
-0.67
-14.77
1.23
9.50
463.58
Net Investments
-3.39
28.03
-106.80
-4,147.97
-337.08
-167.00
-142.48
-117.05
1,613.74
-574.15
Others
-5,003.42
-11,585.89
-8,751.25
-2,706.04
-4,649.07
-5,354.42
-4,113.66
-3,914.66
-5,126.28
-2,200.64
Cash from Financing Activity
-116.98
-232.76
387.97
-92.15
-382.57
-173.64
-116.31
-215.35
-186.92
-387.60
Net Cash Inflow / Outflow
986.06
-1,865.53
48.45
-51.43
78.38
-136.81
465.90
20.43
112.11
-119.43
Opening Cash & Equivalents
9,836.00
11,701.53
715.57
767.01
688.64
825.45
359.55
333.31
259.59
379.02
Closing Cash & Equivalent
10,822.06
9,836.00
764.03
715.57
767.02
688.64
825.45
353.73
333.31
259.59

Financial Ratios

Consolidated /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Book Value (Rs.)
112.32
102.28
114.01
96.85
79.49
76.34
67.14
87.05
73.28
123.34
ROA
0.27%
0.36%
0.30%
0.65%
0.38%
0.68%
0.86%
1.39%
1.06%
1.13%
ROE
10.65%
12.13%
8.75%
20.41%
13.00%
21.59%
21.40%
27.70%
15.00%
11.66%
ROCE
12.06%
13.76%
11.69%
23.09%
22.89%
26.83%
26.05%
33.04%
16.27%
15.66%
Fixed Asset Turnover
23.45
18.35
20.86
22.66
19.36
24.17
16.60
15.04
8.31
6.74
Receivable days
6.26
7.90
7.54
8.36
12.54
11.46
12.55
12.58
18.92
16.58
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.28
Payable days
0.00
0.00
0.00
0.00
35.31
42.94
46.85
26.47
41.97
32.09
Cash Conversion Cycle
6.26
7.90
7.54
8.36
-22.77
-31.47
-34.31
-13.89
-23.06
-11.24
Total Debt/Equity
0.13
0.15
0.13
0.00
0.00
0.00
0.00
0.00
0.00
0.17
Interest Cover
5.45
10.21
6.80
15.46
12.41
13.18
49.06
79.54
61.73
7.24

Annual Reports:

FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
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