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Max Financial Services Ltd

MFSL Share Price

1,708.202.00% (+33.50)
High
Low
Returns
1D
1W
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Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP

With a market cap of ₹57,796 cr, stock is ranked 182

Stock is 1.89x as volatile as Nifty

MFSL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹57,796 cr, stock is ranked 182

Stock is 1.89x as volatile as Nifty

MFSL Performance & Key Metrics

MFSL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
358.749.03
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
18.142.470.98%

MFSL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
96%
Analysts have suggested that investors can buy this stock

from 24 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 

Nov 11, 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
10.97
10.97
1Y Return
0.98%
0.98%
Buy Reco %
81.82
81.82
PE Ratio
36.24
36.24
1Y Return
12.14%
12.14%
Buy Reco %
66.67
66.67
PE Ratio
83.20
83.20
1Y Return
37.13%
37.13%
Buy Reco %
97.06
97.06
PE Ratio
85.79
85.79
1Y Return
15.89%
15.89%
Buy Reco %
91.43
91.43
PE Ratio
79.92
79.92
1Y Return
8.23%
8.23%
Buy Reco %
69.70
69.70
Compare with Peers

MFSL Sentiment Analysis

MFSL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MFSL Stock Summary · November 2025

Axis Max Life Insurance reported robust financial performance in Q2 and H1 FY26, achieving an 18% revenue growth and positioning itself as the third-largest player in the Indian insurance market. Despite challenges from GST impacts and rising operational costs, the company remains optimistic, focusing on digital transformation and customer-centric strategies to enhance engagement and satisfaction. The expansion of its distribution network, particularly through partnerships, has contributed to significant growth in the Non-Resident Indian segment and overall annualized premium equivalent. Management is committed to maintaining margin improvements and operational efficiency, while strategically adjusting its product mix to capitalize on underpenetrated market opportunities, ensuring a balanced approach to future growth.

MFSL Stock Growth Drivers
MFSL Stock Growth Drivers
6
  • Strong Financial Performance

    The company reported significant growth in key financial metrics, including an 18% increase in revenue

  • Customer-Centric Innovations

    The company has made significant strides in enhancing customer experience through digital transformation initiatives. The

MFSL Stock Challenges
MFSL Stock Challenges
3
  • Profit Decline Due to Accounting Standards and GST Impact

    The company has experienced a significant decline in profit, with Axis Max Life's profit after

  • Concerns Over Future Growth and Industry Performance

    Despite the company's past performance, there are concerns regarding future growth potential. The industry growth

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 20.58%, vs industry avg of 10.3%

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 1.98% to 3.07%

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 17.68%, vs industry avg of 42.39%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue15,248.7016,338.7219,513.2618,241.7631,288.0231,187.5831,431.0546,613.5546,497.2443,945.39
Raw Materialssubtract0.000.000.000.000.000.000.000.000.0043,666.18
Power & Fuel Costsubtract25.870.450.370.100.040.240.260.230.26
Employee Costsubtract918.1337.1784.3735.9560.8036.7729.2330.9028.21
Selling & Administrative Expensessubtract1,517.2815,752.0455.1853.2029.0226.6224.0222.6416.08
Operating & Other expensessubtract12,014.4017.0018,863.4617,698.3830,599.6730,705.5630,808.2646,097.8545,955.71
Depreciation/Amortizationsubtract62.531.921.7511.375.325.004.633.112.872.79
Interest & Other Itemssubtract8.930.1127.300.280.2724.7437.4643.6447.3666.33
Taxes & Other Itemssubtract306.20243.64218.28297.49167.51135.28148.7275.06119.5348.98
EPS14.8010.699.765.3813.847.3410.999.909.534.69
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 2026FY 2026

Annual Report Pending

Investor Presentation

Nov 11PDF
Aug 7PDF
FY 2025FY 2025

Annual report

PDF

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
Oct 19PDF
FY 2022FY 2022

Annual report

PDF
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
 

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 Ltd176.639.03
Life Insurance Corporation Of India10.974.161.43%
Bajaj Finserv Ltd36.242.500.05%
SBI Life Insurance Company Ltd83.2011.820.13%

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

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 almost stayed constant

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

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 almost stayed constant

Tickertape Separator

MFSL Shareholding Pattern

MFSL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding1.25%39.49%7.86%45.14%6.26%

Mar 2025

Jun 2025

Sep 2025

Dec 2025

MFSL Shareholding History

MFSL Shareholding History

SepDec '24MarJunSepDec '2546.24%47.50%44.75%44.72%44.78%45.14%

Mutual Funds Invested in MFSL

Mutual Funds Invested in MFSL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Max Financial Services Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
7.4608%4.65%-0.11%2/80 (0)
2.0816%2.39%-0.08%7/141 (-1)
1.5829%1.51%0.16%17/70 (+4)

Compare 3-month MF holding change on Screener

MFSL Insider Trades & Bulk Stock Deals

MFSL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

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.
12.87%
12.87%
CAGR
17.43%

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

Spotlight
Volumes soar at Max Financial Services Ltd counter

Gland Pharma Ltd, Manappuram Finance Ltd, Godrej Consumer Products Ltd, Five-Star Business Finance Ltd are among the other stocks to see a surge in volumes on BSE today, 29 January 2026.Max Financial Services Ltd clocked volume of 2.56 lakh shares by 10:46 IST on BSE, a 59.63 times surge over two-week average daily volume of 4292 shares. The stock lost 0.77% to Rs.1,611.65. Volumes stood at 3259 shares in the last session.Gland Pharma Ltd witnessed volume of 1.53 lakh shares by 10:46 IST on BSE, a 50.1 times surge over two-week average daily volume of 3056 shares. The stock increased 7.60% to Rs.1,817.05. Volumes stood at 5062 shares in the last session.Manappuram Finance Ltd notched up volume of 66.84 lakh shares by 10:46 IST on BSE, a 29.48 fold spurt over two-week average daily volume of 2.27 lakh shares. The stock rose 0.46% to Rs.293.00. Volumes stood at 4.34 lakh shares in the last session.Godrej Consumer Products Ltd recorded volume of 3.18 lakh shares by 10:46 IST on BSE, a 8.08 times surge over two-week average daily volume of 39288 shares. The stock lost 2.21% to Rs.1,146.00. Volumes stood at 18994 shares in the last session.Five-Star Business Finance Ltd clocked volume of 1.92 lakh shares by 10:46 IST on BSE, a 7.96 times surge over two-week average daily volume of 24111 shares. The stock lost 6.41% to Rs.469.05. Volumes stood at 31577 shares in the last session.Powered by Capital Market - Live

6 days 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 11 February 2026.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Max Financial Services consolidated net profit declines 96.34% in the September 2025 quarter

Net profit of Max Financial Services declined 96.34% to Rs 4.12 crore in the quarter ended September 2025 as against Rs 112.56 crore during the previous quarter ended September 2024. Sales declined 26.77% to Rs 9791.59 crore in the quarter ended September 2025 as against Rs 13371.86 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales9791.5913371.86 -27 OPM %0.211.29 - PBDT6.92163.30 -96 PBT6.30162.61 -96 NP4.12112.56 -96 Powered by Capital Market - Live

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

Max Financial Services will hold a meeting of the Board of Directors of the Company on 11 November 2025.Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Max Financial Services to hold AGM

Max Financial Services announced that the Annual General Meeting(AGM) of the company will be held on 18 September 2025.Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Max Financial Services consolidated net profit declines 45.29% in the June 2025 quarter

Net profit of Max Financial Services declined 45.29% to Rs 69.64 crore in the quarter ended June 2025 as against Rs 127.29 crore during the previous quarter ended June 2024. Sales rose 8.67% to Rs 12821.65 crore in the quarter ended June 2025 as against Rs 11798.61 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales12821.6511798.61 9 OPM %0.921.61 - PBDT102.16183.15 -44 PBT101.48182.46 -44 NP69.64127.29 -45 Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Max Financial Services to hold board meeting

Max Financial Services will hold a meeting of the Board of Directors of the Company on 7 August 2025.Powered by Capital Market - Live

7 months agoCapital Market - Live
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

8 months 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

8 months 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

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 4th February 2026 is ₹1708.20. 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: 5.21%
    • Past 1 month: -0.49%
    • Past 3 months: 7.36%
    • Past 6 months: 13.03%
    • Past 1 year: 54.57%
    • Past 3 years: 132.81%
    • Past 5 years: 139.02%

  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 ₹57796.37 Cr as of 4th February 2026.

  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 ₹1752.20 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 176.63. The P/B (price-to-book) ratio is 9.03.

  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.