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Max Financial Services Ltd

MFSL Share Price

1,595.301.21% (+19.00)
High
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Returns
1D
1W
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1Y
5Y
Max
SIP
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1W
1M
1Y
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Max
SIP

With a market cap of ₹54,755 cr, stock is ranked 178

Stock is 2.02x as volatile as Nifty

How to use scorecard? Learn more

With a market cap of ₹54,755 cr, stock is ranked 178

Stock is 2.02x as volatile as Nifty

MFSL Performance & Key Metrics

MFSL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
167.3512.53
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
16.822.531.18%

MFSL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
95%
Analysts have suggested that investors can buy this stock

from 19 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

MFSL Company Profile

Max Financial Services Limited is the holding company for Max Life Insurance Company Limited. The Company, through Max Life Insurance Company Limited, is engaged in the life insurance business.

Investor Presentation

View older View older 

May 13, 2025

PDF
View Older Presentations

MFSL Similar Stocks (Peers)

Compare with peers Compare with peers 

MFSL Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
12.23
12.23
1Y Return
8.84%
8.84%
Buy Reco %
75.00
75.00
PE Ratio
35.65
35.65
1Y Return
25.23%
25.23%
Buy Reco %
69.23
69.23
PE Ratio
74.63
74.63
1Y Return
24.42%
24.42%
Buy Reco %
96.88
96.88
PE Ratio
91.15
91.15
1Y Return
32.00%
32.00%
Buy Reco %
85.29
85.29
PE Ratio
38.24
38.24
1Y Return
12.74%
12.74%
Buy Reco %
65.38
65.38
Compare with Peers

MFSL Sentiment Analysis

MFSL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MFSL Stock Summary · May 2025

Axis Max Life Insurance has demonstrated remarkable resilience and growth, regaining its position as the fourth largest insurer despite regulatory challenges and market volatility. The company has successfully launched innovative products, enhancing its Protection business and improving customer satisfaction, as evidenced by rising Net Promoter Scores. Digital transformation initiatives, including the mSpace super app, have streamlined operations and boosted sales efficiency, while strategic partnerships, particularly in the Bancassurance channel, remain crucial for future growth. Although margins have faced pressure due to a higher proportion of lower-margin products, proactive measures are in place to rebalance the product mix and enhance profitability. Looking ahead, the company is optimistic about capturing growth opportunities in under-penetrated markets, particularly in Protection products, while navigating the evolving regulatory landscape.

MFSL Stock Growth Drivers
MFSL Stock Growth Drivers
7
  • Strong Market Position and Growth

    Axis Max Life Insurance has demonstrated resilience by regaining its rank as the 4th largest

  • Product Innovation and Customer Focus

    In FY '25, Axis Max Life launched 80 product interventions, including notable products like the

MFSL Stock Challenges
MFSL Stock Challenges
4
  • Margin Decline and Product Mix Challenges

    The company has experienced a decline in margins, with a reported decrease of 250 basis

  • Stagnant Growth in Key Sales Channels

    The growth in the Axis Bank channel, which contributes significantly to total sales, has stagnated

MFSL Forecast

MFSL Forecasts

Price

Revenue

Earnings

MFSL

MFSL

Income

Balance Sheet

Cash Flow

MFSL Income Statement

MFSL Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 19.03%, vs industry avg of 11.64%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.29% to 3.14%

Lower than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 5.31%, vs industry avg of 34.38%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue15,248.7016,338.7219,513.2618,241.7631,288.0231,187.5831,431.0546,618.3246,497.2446,500.02
Raw Materialssubtract46,047.6346,050.36
Power & Fuel Costsubtract
Employee Costsubtract918.1337.1784.3735.9560.8036.7729.2335.05
Selling & Administrative Expensessubtract1,607.0115,756.2418,897.7617,652.4430,665.6630,716.3730,815.5246,100.90
Operating & Other expensessubtract11,959.4613.3748.5699.52-36.6540.7854.4864.34
Depreciation/Amortizationsubtract62.531.921.7511.375.325.004.633.192.872.93
Interest & Other Itemssubtract
Taxes & Other Itemssubtract306.20243.64218.28297.49167.51135.28148.7274.73119.53119.53
EPS14.8010.699.765.3813.847.3410.999.909.539.52
DPS0.000.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.000.00

MFSL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual Report Pending

Investor Presentation

May 13PDF
Feb 4PDF
Oct 22PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 9PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

Jun 15PDF
May 12PDF
Jan 31PDF
+2 more
FY 2022FY 2022

Annual report

PDF

Investor Presentation

Jun 16PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
FY 2015FY 2015

Annual report

PDF
 

MFSL Stock Peers

MFSL Past Performance & Peer Comparison

MFSL Past Performance & Peer Comparison

Comparing 3 stocks from 
FinancialsInsurance

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Max Financial Services Ltd167.3412.53
Life Insurance Corporation Of India12.237.131.28%
Bajaj Finserv Ltd35.653.050.05%
SBI Life Insurance Company Ltd74.6312.080.15%

MFSL Stock Price Comparison

Compare MFSL with any stock or ETF
Compare MFSL with any stock or ETF
MFSL
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MFSL Holdings

MFSL Shareholdings

MFSL Promoter Holdings Trend

MFSL Promoter Holdings Trend

Decreased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.59%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

MFSL Institutional Holdings Trend

MFSL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 2.75%

Tickertape Separator

MFSL Shareholding Pattern

MFSL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding1.74%39.88%7.41%44.75%6.21%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

MFSL Shareholding History

MFSL Shareholding History

Dec '23MarJunSepDec '24Mar50.89%47.71%46.60%46.24%47.50%44.75%

Mutual Funds Invested in MFSL

Mutual Funds Invested in MFSL

Increased Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 4.93%

Top 5 Mutual Funds holding Max Financial Services Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
7.0088%4.81%1.04%1/83 (0)
2.0857%2.63%0.51%7/134 (+6)
1.6610%1.73%1.10%17/93 (+12)

Compare 3-month MF holding change on Screener

MFSL Insider Trades & Bulk Stock Deals

MFSL Insider Trades & Bulk Stock Deals

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smallcases containing MFSL stock

smallcases containing MFSL stock

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Max Financial Services Ltd

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Insurance Tracker

Insurance Tracker

Created by Windmill Capital

MFSL's Wtg.
12.94%
12.94%
CAGR
16.89%

MFSL Events

MFSL Events

MFSL Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MFSL has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

MFSL Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MFSL has not given any dividends in last 5 years

MFSL Upcoming Dividends

MFSL Upcoming Dividends

No upcoming dividends are available

MFSL Past Dividends

MFSL Past Dividends

Cash Dividend

Ex DateEx DateSep 19, 2016

Final
Final | Div/Share: ₹1.80

Dividend/Share

1.80

Ex DateEx Date

Sep 19, 2016

Cash Dividend

Ex DateEx DateNov 19, 2015

Interim
Interim | Div/Share: ₹1.80

Dividend/Share

1.80

Ex DateEx Date

Nov 19, 2015

Cash Dividend

Ex DateEx DateSep 15, 2015

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 15, 2015

Cash Dividend

Ex DateEx DateNov 25, 2014

Interim
Interim | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Nov 25, 2014

Cash Dividend

Ex DateEx DateSep 12, 2014

Final
Final | Div/Share: ₹1.80

Dividend/Share

1.80

Ex DateEx Date

Sep 12, 2014

MFSL Stock News & Opinions

MFSL Stock News & Opinions

Earnings
Max Financial Services reports consolidated net profit of Rs 31.31 crore in the March 2025 quarter

Net profit of Max Financial Services reported to Rs 31.31 crore in the quarter ended March 2025 as against net loss of Rs 44.05 crore during the previous quarter ended March 2024. Sales declined 16.87% to Rs 12375.76 crore in the quarter ended March 2025 as against Rs 14887.50 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.78% to Rs 327.21 crore in the year ended March 2025 as against Rs 340.08 crore during the previous year ended March 2024. Sales declined 0.23% to Rs 46468.91 crore in the year ended March 2025 as against Rs 46575.62 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales12375.7614887.50 -17 46468.9146575.62 0 OPM %0.16-0.38 -1.020.91 - PBDT24.79-58.25 LP 452.97419.21 8 PBT24.08-58.93 LP 450.10416.10 8 NP31.31-44.05 LP 327.21340.08 -4 Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Max Financial Services reports standalone net loss of Rs 2.59 crore in the March 2025 quarter

Net Loss of Max Financial Services reported to Rs 2.59 crore in the quarter ended March 2025 as against net loss of Rs 3.68 crore during the previous quarter ended March 2024. Sales declined 17.07% to Rs 3.74 crore in the quarter ended March 2025 as against Rs 4.51 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 9.22 crore in the year ended March 2025 as against net loss of Rs 11.24 crore during the previous year ended March 2024. Sales declined 27.81% to Rs 15.47 crore in the year ended March 2025 as against Rs 21.43 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales3.744.51 -17 15.4721.43 -28 OPM %-64.17-85.37 --53.26-47.36 - PBDT-2.32-3.64 36 -7.72-9.97 23 PBT-2.64-3.95 33 -8.95-11.56 23 NP-2.59-3.68 30 -9.22-11.24 18 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Max Financial Services approves change in CFO

The Board of Max Financial Services at its meeting held on 15 April 2025 has accepted the cessation of Amrit Pal Singh as the Chief Financial Officer of the Company on the close of business hours on 30 April 2025, on completion of the term of three years. The Board has appointed 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 01 May 2025. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Max Financial Services schedules board meeting

Max Financial Services will hold a meeting of the Board of Directors of the Company on 13 May 2025.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Volumes spurt at Max Financial Services Ltd counter

IndusInd Bank Ltd, HEG Ltd, Tata Communications Ltd, Tube Investments of India Ltd are among the other stocks to see a surge in volumes on BSE today, 11 March 2025.Max Financial Services Ltd registered volume of 87653 shares by 10:47 IST on BSE, a 8.37 fold spurt over two-week average daily volume of 10470 shares. The stock rose 3.29% to Rs.1,074.75. Volumes stood at 3374 shares in the last session.IndusInd Bank Ltd notched up volume of 13.01 lakh shares by 10:47 IST on BSE, a 8.14 fold spurt over two-week average daily volume of 1.60 lakh shares. The stock slipped 21.83% to Rs.704.00. Volumes stood at 4.49 lakh shares in the last session.HEG Ltd witnessed volume of 1.29 lakh shares by 10:47 IST on BSE, a 2.78 times surge over two-week average daily volume of 46284 shares. The stock increased 6.68% to Rs.413.05. Volumes stood at 31867 shares in the last session.Tata Communications Ltd clocked volume of 24649 shares by 10:47 IST on BSE, a 2.56 times surge over two-week average daily volume of 9620 shares. The stock gained 5.22% to Rs.1,444.00. Volumes stood at 6527 shares in the last session.Tube Investments of India Ltd saw volume of 19451 shares by 10:47 IST on BSE, a 2.1 fold spurt over two-week average daily volume of 9271 shares. The stock increased 6.41% to Rs.2,889.50. Volumes stood at 6777 shares in the last session.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Max Financial Services consolidated net profit declines 62.28% in the December 2024 quarter

Net profit of Max Financial Services declined 62.28% to Rs 56.04 crore in the quarter ended December 2024 as against Rs 148.56 crore during the previous quarter ended December 2023. Sales declined 27.78% to Rs 8923.21 crore in the quarter ended December 2024 as against Rs 12355.68 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales8923.2112355.68 -28 OPM %0.981.69 - PBDT81.55198.73 -59 PBT80.74197.97 -59 NP56.04148.56 -62 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Max Financial Services to table results

Max Financial Services will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Max Financial Services consolidated net profit declines 23.89% in the September 2024 quarter

Net profit of Max Financial Services declined 23.89% to Rs 112.56 crore in the quarter ended September 2024 as against Rs 147.89 crore during the previous quarter ended September 2023. Sales rose 31.56% to Rs 13372.39 crore in the quarter ended September 2024 as against Rs 10164.62 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales13372.3910164.62 32 OPM %1.281.42 - PBDT162.82159.02 2 PBT162.10158.24 2 NP112.56147.89 -24 Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Max Financial Services announces board meeting date

Max Financial Services will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

8 months agoCapital Market - Live
Spotlight
Volumes soar at Max Financial Services Ltd counter

Sapphire Foods India Ltd, Gujarat Fluorochemicals Ltd, Linde India Ltd, Vijaya Diagnostic Centre Ltd are among the other stocks to see a surge in volumes on NSE today, 05 September 2024.Max Financial Services Ltd clocked volume of 230.23 lakh shares by 14:14 IST on NSE, a 20.13 times surge over two-week average daily volume of 11.44 lakh shares. The stock lost 1.18% to Rs.1,119.90. Volumes stood at 16.96 lakh shares in the last session.Sapphire Foods India Ltd recorded volume of 22.43 lakh shares by 14:14 IST on NSE, a 15.63 times surge over two-week average daily volume of 1.43 lakh shares. The stock lost 0.49% to Rs.335.10. Volumes stood at 2.62 lakh shares in the last session.Gujarat Fluorochemicals Ltd witnessed volume of 14.15 lakh shares by 14:14 IST on NSE, a 8.15 times surge over two-week average daily volume of 1.74 lakh shares. The stock increased 9.72% to Rs.3,476.00. Volumes stood at 75083 shares in the last session.Linde India Ltd registered volume of 2.99 lakh shares by 14:14 IST on NSE, a 7.12 fold spurt over two-week average daily volume of 41921 shares. The stock rose 4.04% to Rs.7,493.00. Volumes stood at 22311 shares in the last session.Vijaya Diagnostic Centre Ltd recorded volume of 11.37 lakh shares by 14:14 IST on NSE, a 6.44 times surge over two-week average daily volume of 1.77 lakh shares. The stock gained 4.65% to Rs.943.75. Volumes stood at 73247 shares in the last session.Powered by Capital Market - Live

9 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Max Financial Services Ltd (MFSL) today?

    The share price of MFSL as on 20th June 2025 is ₹1595.30. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Max Financial Services Ltd (MFSL) share?

    The past returns of Max Financial Services Ltd (MFSL) share are
    • Past 1 week: 5.03%
    • Past 1 month: 13.26%
    • Past 3 months: 42.25%
    • Past 6 months: 43.82%
    • Past 1 year: 61.57%
    • Past 3 years: 102.53%
    • Past 5 years: 222.09%

  3. What are the peers or stocks similar to Max Financial Services Ltd (MFSL)?
  4. What is the market cap of Max Financial Services Ltd (MFSL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Max Financial Services Ltd (MFSL) is ₹54755.91 Cr as of 20th June 2025.

  5. What is the 52 week high and low of Max Financial Services Ltd (MFSL) share?

    The 52-week high of Max Financial Services Ltd (MFSL) is ₹1609 and the 52-week low is ₹950.

  6. What is the PE and PB ratio of Max Financial Services Ltd (MFSL) stock?

    The P/E (price-to-earnings) ratio of Max Financial Services Ltd (MFSL) is 167.34. The P/B (price-to-book) ratio is 12.53.

  7. Which sector does Max Financial Services Ltd (MFSL) belong to?

    Max Financial Services Ltd (MFSL) belongs to the Financials sector & Insurance sub-sector.

  8. How to buy Max Financial Services Ltd (MFSL) shares?

    You can directly buy Max Financial Services Ltd (MFSL) shares on Tickertape. Simply sign up, connect your demat account and place your order.