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Max Financial Services Ltd

MFSL

Max Financial Services Ltd

MFSL
FinancialsInsurance
MidcapWith a market cap of ₹40,214 cr, stock is ranked 216
Moderate RiskStock is 2.20x as volatile as Nifty
1,126.301.62% (-18.60)
1,126.301.62% (-18.60)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
FinancialsInsurance
MidcapWith a market cap of ₹40,214 cr, stock is ranked 216
Moderate RiskStock is 2.20x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

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

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

FinancialsInsurance
MidcapWith a market cap of ₹40,214 cr, stock is ranked 216
Moderate RiskStock is 2.20x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
116.789.20
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
18.532.580.94%

Forecast & Ratings

Detailed Forecast 
88%
Analysts have suggested that investors can buy this stock

from 17 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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 

Oct 22, 2024

PDF
View Older Presentations

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

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 11.63%

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 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue11,711.8715,248.7016,338.7219,513.2618,241.7631,288.0231,187.5831,431.0546,618.3252,435.87
Raw Materialssubtract51,950.58
Power & Fuel Costsubtract
Employee Costsubtract650.34918.1337.1784.3735.9560.8036.7729.2335.05
Selling & Administrative Expensessubtract1,434.511,607.0115,756.2418,897.7617,652.4430,665.6630,716.3730,815.5246,100.90
Operating & Other expensessubtract9,101.5311,959.4613.3748.5699.52-36.6540.7854.4864.34
Depreciation/Amortizationsubtract60.4762.531.921.7511.375.325.004.633.192.86
Interest & Other Itemssubtract
Taxes & Other Itemssubtract212.28306.20243.64218.28297.49167.51135.28148.7274.73138.07
EPS9.4814.8010.699.765.3813.847.3410.999.9010.02
DPS3.600.000.000.000.000.000.000.000.000.00
Payout ratio0.380.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Jun 16PDF
Jan 28PDF
Aug 10PDF
FY 2023

Annual report

PDF

Investor Presentation

Jun 15PDF
May 12PDF
Jan 31PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 9PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 22PDF
 

Peers & Comparison

Comparing 3 stocks from 
FinancialsInsurance

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Max Financial Services Ltd118.249.20
Life Insurance Corporation Of India14.667.231.05%
Bajaj Finserv Ltd32.552.560.06%
SBI Life Insurance Company Ltd77.359.830.18%

Price Comparison

Compare MFSL with any stock or ETF
Compare MFSL with any stock or ETF
MFSL
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Shareholdings

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 3.19%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

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

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding3.34%36.50%7.49%46.24%6.43%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep48.46%51.54%50.89%47.71%46.60%46.24%

Mutual Funds Holding Trend

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 1.82%

Top 5 Mutual Funds holding Max Financial Services Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan

Growth
6.8428%3.67%0.22%3/78 (0)
Nippon India Multi Cap Fund - Growth - Direct Plan

Growth
2.1148%2.18%0.07%13/121 (-1)
Nippon India Growth Fund - Growth Option - Direct Plan

Growth
1.4381%1.67%0.05%13/103 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

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

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

Upcoming Dividends

No upcoming dividends are available

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

News & Opinions
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

1 month 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

2 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

3 months agoCapital Market - Live
Spotlight
Volumes jump at Max Financial Services Ltd counter

Sapphire Foods India Ltd, Linde India Ltd, Rites Ltd, PVR Inox Ltd are among the other stocks to see a surge in volumes on BSE today, 05 September 2024.Max Financial Services Ltd saw volume of 23.6 lakh shares by 10:46 IST on BSE, a 145.32 fold spurt over two-week average daily volume of 16239 shares. The stock dropped 1.50% to Rs.1,115.90. Volumes stood at 24657 shares in the last session.Sapphire Foods India Ltd registered volume of 90687 shares by 10:46 IST on BSE, a 15.92 fold spurt over two-week average daily volume of 5698 shares. The stock rose 1.81% to Rs.342.90. Volumes stood at 13714 shares in the last session.Linde India Ltd saw volume of 10725 shares by 10:46 IST on BSE, a 4.56 fold spurt over two-week average daily volume of 2351 shares. The stock increased 4.81% to Rs.7,548.75. Volumes stood at 1547 shares in the last session.Rites Ltd witnessed volume of 1.62 lakh shares by 10:46 IST on BSE, a 2.85 times surge over two-week average daily volume of 57097 shares. The stock increased 3.95% to Rs.676.40. Volumes stood at 48732 shares in the last session.PVR Inox Ltd notched up volume of 49607 shares by 10:46 IST on BSE, a 2.82 fold spurt over two-week average daily volume of 17578 shares. The stock rose 2.12% to Rs.1,559.55. Volumes stood at 33066 shares in the last session.Powered by Capital Market - Live

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

PB Fintech Ltd, ICICI Securities Ltd, V-Guard Industries Ltd, Hero MotoCorp Ltd are among the other stocks to see a surge in volumes on BSE today, 14 August 2024.Max Financial Services Ltd witnessed volume of 43715 shares by 10:46 IST on BSE, a 6.58 times surge over two-week average daily volume of 6646 shares. The stock dropped 1.27% to Rs.1,037.10. Volumes stood at 7983 shares in the last session.PB Fintech Ltd saw volume of 2.71 lakh shares by 10:46 IST on BSE, a 6.08 fold spurt over two-week average daily volume of 44666 shares. The stock increased 9.49% to Rs.1,621.60. Volumes stood at 28802 shares in the last session.ICICI Securities Ltd recorded volume of 39338 shares by 10:46 IST on BSE, a 3.5 times surge over two-week average daily volume of 11241 shares. The stock gained 1.36% to Rs.797.75. Volumes stood at 54091 shares in the last session.V-Guard Industries Ltd registered volume of 1.8 lakh shares by 10:46 IST on BSE, a 3.37 fold spurt over two-week average daily volume of 53311 shares. The stock rose 5.01% to Rs.545.00. Volumes stood at 1.44 lakh shares in the last session.Hero MotoCorp Ltd recorded volume of 37867 shares by 10:46 IST on BSE, a 2.4 times surge over two-week average daily volume of 15762 shares. The stock lost 1.89% to Rs.5,141.25. Volumes stood at 27447 shares in the last session.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Max Financial Services consolidated net profit rises 45.18% in the June 2024 quarter

Net profit of Max Financial Services rose 45.18% to Rs 127.29 crore in the quarter ended June 2024 as against Rs 87.68 crore during the previous quarter ended June 2023. Sales rose 28.69% to Rs 11798.84 crore in the quarter ended June 2024 as against Rs 9168.12 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales11798.849168.12 29 OPM %1.601.36 - PBDT182.47118.99 53 PBT181.75118.00 54 NP127.2987.68 45 Powered by Capital Market - Live

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

Max Financial Services announced that the 36th Annual General Meeting (AGM) of the company will be held on 23 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Board of Axis Bank gives nod to hike stake in Max Life for Rs 336 cr

5 months agoBusiness Standard

Max Financial Services - Regulatory Overhang; Fairly Valued: Motilal Oswal

6 months agoBloomberg Quint

Max Financial Services’ Promoter Pares 3.6% Stake For Rs 1,091 Crore

1 year agoBloomberg Quint