Max Financial Services Ltd
MFSLMax Financial Services Ltd
MFSL
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
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 |
|---|---|---|
| 116.78 | 9.20 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 18.53 | 2.58 | 0.94% |
Forecast & Ratings
Detailed Forecast from 17 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
SBI Life Insurance Company Ltd
HDFC Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 11,711.87 | 15,248.70 | 16,338.72 | 19,513.26 | 18,241.76 | 31,288.02 | 31,187.58 | 31,431.05 | 46,618.32 | 52,435.87 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 51,950.58 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 650.34 | 918.13 | 37.17 | 84.37 | 35.95 | 60.80 | 36.77 | 29.23 | 35.05 | |||||||||||
| Selling & Administrative Expenses | 1,434.51 | 1,607.01 | 15,756.24 | 18,897.76 | 17,652.44 | 30,665.66 | 30,716.37 | 30,815.52 | 46,100.90 | |||||||||||
| Operating & Other expenses | 9,101.53 | 11,959.46 | 13.37 | 48.56 | 99.52 | -36.65 | 40.78 | 54.48 | 64.34 | |||||||||||
EBITDA | 525.49 | 764.10 | 531.94 | 482.57 | 453.85 | 598.21 | 393.66 | 531.82 | 418.03 | 485.29 | ||||||||||
| Depreciation/Amortization | 60.47 | 62.53 | 1.92 | 1.75 | 11.37 | 5.32 | 5.00 | 4.63 | 3.19 | 2.86 | ||||||||||
| PBIT | 465.02 | 701.57 | 530.02 | 480.82 | 442.48 | 592.89 | 388.66 | 527.19 | 414.84 | 482.43 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 465.02 | 701.57 | 530.02 | 480.82 | 442.48 | 592.89 | 388.66 | 527.19 | 414.84 | 482.43 | ||||||||||
| Taxes & Other Items | 212.28 | 306.20 | 243.64 | 218.28 | 297.49 | 167.51 | 135.28 | 148.72 | 74.73 | 138.07 | ||||||||||
| Net Income | 252.74 | 395.37 | 286.38 | 262.54 | 144.99 | 425.38 | 253.38 | 378.47 | 340.11 | 344.36 | ||||||||||
| EPS | 9.48 | 14.80 | 10.69 | 9.76 | 5.38 | 13.84 | 7.34 | 10.99 | 9.90 | 10.02 | ||||||||||
| DPS | 3.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Payout ratio | 0.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
FinancialsInsurance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Max Financial Services Ltd | 118.24 | 9.20 | — |
| Life Insurance Corporation Of India | 14.66 | 7.23 | 1.05% |
| Bajaj Finserv Ltd | 32.55 | 2.56 | 0.06% |
| SBI Life Insurance Company Ltd | 77.35 | 9.83 | 0.18% |
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 3.19%
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
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
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) | 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 Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 6.8428% | Percentage of the fund’s portfolio invested in the stock 3.67% | Change in the portfolio weight of the stock over the last 3 months 0.22% | 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 3/78 (0) |
Nippon India Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1148% | Percentage of the fund’s portfolio invested in the stock 2.18% | 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 13/121 (-1) |
Nippon India Growth Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4381% | Percentage of the fund’s portfolio invested in the stock 1.67% | Change in the portfolio weight of the stock over the last 3 months 0.05% | 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 13/103 (+1) |
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
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
Max Financial Services will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live
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
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
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
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
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
Board of Axis Bank gives nod to hike stake in Max Life for Rs 336 cr
Max Financial Services - Regulatory Overhang; Fairly Valued: Motilal Oswal
Max Financial Services’ Promoter Pares 3.6% Stake For Rs 1,091 Crore
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.03%, vs industry avg of 11.63%
Increasing Market Share
Over the last 5 years, market share increased from 2.29% to 3.14%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 5.31%, vs industry avg of 34.38%