Max Financial Services Ltd
MFSLMax Financial Services Ltd
MFSL
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 74.47 | 7.69 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.30 | 2.35 | 0.99% |
Forecast & Ratings
Detailed Forecastfrom 15 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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 olderPeers
Compare with peersLife Insurance Corporation Of India
Bajaj Finserv Ltd
HDFC Life Insurance Company Ltd
SBI Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 14,938.68 | 11,711.87 | 15,248.70 | 16,338.72 | 19,513.26 | 18,241.76 | 31,288.02 | 31,187.58 | 31,431.05 | 37,326.63 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 36,757.41 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 1,009.92 | 650.34 | 918.13 | 37.17 | 84.37 | 35.95 | 60.80 | 36.77 | 29.23 | |||||||||||
| Selling & Administrative Expenses | 2,829.45 | 1,434.51 | 1,607.01 | 15,756.24 | 18,897.76 | 17,652.44 | 30,665.66 | 30,716.37 | 30,815.52 | |||||||||||
| Operating & Other expenses | 10,433.05 | 9,101.53 | 11,959.46 | 13.37 | 48.56 | 99.52 | -36.65 | 40.78 | 54.48 | |||||||||||
EBITDA | 666.26 | 525.49 | 764.10 | 531.94 | 482.57 | 453.85 | 598.21 | 393.66 | 531.82 | 569.22 | ||||||||||
| Depreciation/Amortization | 153.80 | 60.47 | 62.53 | 1.92 | 1.75 | 11.37 | 5.32 | 5.00 | 4.63 | 4.41 | ||||||||||
| PBIT | 512.46 | 465.02 | 701.57 | 530.02 | 480.82 | 442.48 | 592.89 | 388.66 | 527.19 | 564.81 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 512.46 | 465.02 | 701.57 | 530.02 | 480.82 | 442.48 | 592.89 | 388.66 | 527.19 | 564.81 | ||||||||||
| Taxes & Other Items | 232.84 | 212.28 | 306.20 | 243.64 | 218.28 | 297.49 | 167.51 | 135.28 | 148.72 | 155.01 | ||||||||||
| Net Income | 279.62 | 252.74 | 395.37 | 286.38 | 262.54 | 144.99 | 425.38 | 253.38 | 378.47 | 409.80 | ||||||||||
| EPS | 10.50 | 9.48 | 14.80 | 10.69 | 9.76 | 5.38 | 13.84 | 7.34 | 10.97 | 11.87 | ||||||||||
| DPS | 5.00 | 3.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Payout ratio | 0.48 | 0.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
FinancialsInsurance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Max Financial Services Ltd | 80.64 | 7.69 | — |
| Life Insurance Corporation Of India | 11.20 | 8.70 | 0.47% |
| Bajaj Finserv Ltd | 37.99 | 3.14 | 0.05% |
| HDFC Life Insurance Company Ltd | 98.26 | 10.35 | 0.30% |
Price Comparison
Compare MFSL with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 1.30%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Max Financial Services Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HDFC MUTUAL FUND MID CAP OPP FUND DIRECT GROWTH OPEN ENDED Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.6355% | Percentage of the fund’s portfolio invested in the stock 2.42% | Change in the portfolio weight of the stock over the last 3 months 0.12% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/66 (-2) |
Nippon India Multi Cap Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.5315% | Percentage of the fund’s portfolio invested in the stock 2.38% | Change in the portfolio weight of the stock over the last 3 months 0.75% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 11/107 (+5) |
Nippon India GROWTH FUND DIRECT PLAN GROWTH PLAN GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4805% | Percentage of the fund’s portfolio invested in the stock 2.53% | Change in the portfolio weight of the stock over the last 3 months 0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/100 (+3) |
Compare 3-month MF holding change on Screener
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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
Events
Dividend Trend
No Dividends
MFSL has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 19, 2016
Dividend/Share
₹1.80
Ex DateEx Date
Sep 19, 2016
Cash Dividend
Ex DateEx DateNov 19, 2015
Dividend/Share
₹1.80
Ex DateEx Date
Nov 19, 2015
Cash Dividend
Ex DateEx DateSep 15, 2015
Dividend/Share
₹1.00
Ex DateEx Date
Sep 15, 2015
Cash Dividend
Ex DateEx DateNov 25, 2014
Dividend/Share
₹4.00
Ex DateEx Date
Nov 25, 2014
Cash Dividend
Ex DateEx DateSep 12, 2014
Dividend/Share
₹1.80
Ex DateEx Date
Sep 12, 2014
News & Opinions
Max Financial Services’ Promoter Pares 3.6% Stake For Rs 1,091 Crore
1 month ago•Bloomberg Quint
Over $1.2 billion worth of block deals transacted in a single day
1 month ago•The Hindu Businessline
Buy Max Financial Services; target of Rs 1020: Sharekhan
1 month ago•Moneycontrol
Trade setup for Monday: Top 15 things to know before the opening bell
1 month ago•Moneycontrol
Max Financial Services shares hit 52-week high on Axis Bank’s stake purchase, settle 9% higher. Tech analysts view
1 month ago•Business Today
Max Financial surges 10% on strong Q1, further stake hike by Axis in Max Life
1 month ago•Moneycontrol
Sensex falls 200 points, Nifty below 19,600 ahead of RBI policy decision
1 month ago•Economic Times
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.98%, vs industry avg of 13.27%
Decreasing Market Share
Over the last 5 years, market share decreased from 6.95% to 2.55%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 5.73%, vs industry avg of 9.71%