Max Financial Services Limited

Web: maxfinancialservices.com NSE: MFSL BSE: 500271 SECTOR: Financial Services - Insurance

1505 18(-1%)

Near 52W Low of 1434

Volume

4L as on 22, Jul

Open

1,602

High

1,604

Low

1,575

1,523

VWAP

1,526

52 Week High

1,892

52 Week Low

1,434

Viand Research Rating

Quality Score

0/100

Growth Score

19/100

Valuation Score

50/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

51,943

No. of Shares

34.5

P/E

-3590.46

P/B

6.1

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

-0.17

ROCE

Profit Growth

Listing Date

17-May-00

Promoter Holding

1.25%

FII Holding

47.88%

DII Holding

44.74%

Price Chart

Price Performance

1 Week5%

1 Month10%

3 Months6%

6 Months6%

1 Year2%

YTD9%

Moving Average

5 Day SMA1,545

10 Day SMA1,579

20 Day SMA1,591

30 Day SMA1,606

50 Day SMA1,615

61 Day SMA1,618

80 Day SMA1,612

200 Day SMA1,647

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,579	1,547	1,565	1,579
Resistance 2	1,565	1,544	1,554	1,565
Resistance 1	1,552	1,542	1,548	1,553
Pivot Point	1,538	1,539	1,538	1,538
Support 1	1,525	1,537	1,528	1,526
Support 2	1,511	1,535	1,522	1,512
Support 3	1,499	1,532	1,511	1,500

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HDFCBANK	11,48,708	746	8%	4%	18%	26%	15	40.9	0	79219
2	ICICIBANK	10,28,380	1433	2%	7%	7%	3%	16	40.9	0	57936
3	SBIN	9,35,523	1014	0%	2%	2%	25%	11	40.9	0	86666
4	BAJFINANCE	6,47,464	1040	4%	10%	12%	10%	28	40.9	0	19332
5	LICI	5,33,640	422	4%	4%	48%	54%	9	40.9	0	57453
6	KOTAKBANK	3,80,984	383	1%	5%	11%	82%	20	40.9	0	19288
7	AXISBANK	3,80,565	1223	6%	9%	4%	12%	15	40.9	0	26548
8	BAJAJFINSV	3,02,712	1891	1%	5%	6%	9%	13	40.9	5.52	19669
9	SHRIRAMFIN	2,41,507	1026	2%	7%	5%	62%	21	40.9	0	10024
10	SBILIFE	1,86,506	1859	3%	0%	11%	0%	70	40.9	0	2470
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 1.25%	(-0.51) 1.25%	(0.01) 1.71%	(0.01) 1.74%	(-1.61) 1.74%	(0.01) 3.34%	(-3.21) 3.34%	(0.01) 6.52%	(0.01) 6.52%	(0.01) 6.52%	(-3.61) 6.52%	(0.01) 10.14%	(-1.31) 10.14%	(-3.31) 11.45%	(0.01) 14.72%	(0.01) 14.72%	(0.01) 14.72%	(0.01) 14.72%	(0.01) 14.72%
FIIs	(2.81) 47.88%	(0.41) 45.13%	(0.11) 44.78%	(0.01) 44.71%	(-2.81) 44.75%	(1.31) 47.50%	(-0.41) 46.23%	(-1.11) 46.60%	(-3.21) 47.70%	(-0.61) 50.89%	(3.11) 51.54%	(0.81) 48.46%	(2.91) 47.70%	(-1.01) 44.80%	(22.01) 45.76%	(0.51) 23.76%	(-2.81) 23.26%	(-1.61) 26.08%	(0.01) 27.72%
DIIs	(-2.61) 44.74%	(0.11) 47.35%	(0.01) 47.26%	(0.01) 47.29%	(4.61) 47.29%	(-1.31) 42.69%	(3.31) 43.99%	(0.81) 40.74%	(3.01) 39.92%	(1.81) 36.89%	(0.81) 35.09%	(0.31) 34.34%	(-1.91) 34.06%	(4.31) 36.00%	(-21.61) 31.71%	(-0.71) 53.28%	(2.91) 54.02%	(1.81) 51.17%	(0.01) 49.37%
Public	6.11%	6.26%	6.24%	6.25%	6.21%	6.47%	6.42%	6.14%	5.84%	5.69%	6.85%	7.05%	8.09%	7.74%	7.81%	8.24%	8.00%	8.03%	8.19%
No. of Shareholders	77,069	75,636	76,239	80,467	68,062	68,531	65,804	67,021	65,260	59,682	63,966	67,708	81,463	70,914	69,805	68,088	69,014	66,724	70,706

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	10802	14259	9792	12822	12376	8923	13372	11799	14888	12356	10165	9168	9929	8896	9316.09	3272	8960	6954	9325	5942
Sales Growth % (YoY)	-12.7%	59.8%	-26.8%	8.7%	-16.9%	-27.8%	31.6%	28.7%	49.9%	38.9%	9.1%	180.2%	10.8%	28%	-0.1%	-44.9%	-8.2%	-22.6%	32.8%	8%
Sales Growth % (QoQ)	-24.2%	45.6%	-23.6%	3.6%	38.7%	-33.3%	13.3%	-20.7%	20.5%	21.6%	10.9%	-7.7%	11.6%	-4.5%	184.7%	-63.5%	28.8%	-25.4%	56.9%	-
Expenses	10808	14181	9771	12703	12356	8834	13199	11608	14945	12146	10021	9043	9865	8573	9238.12	3185	8799	6843	9270	5857
Operating Profit	-6	78	21	119	20	89	173	190	-57	209	144	125	64	322	77.97	87	161	111	55	85
OPM %	0	1	0	1	0	1	1	2	0	2	1	1	1	4	0.84	3	2	2	1	1
Other Income	5	9	7	3	18	3	2	1	10	4	25	3	5	3	6.5	4	3	1	2	1
Interest	35	36	21	20	15	10	13	9	11	14	9	9	9	9	9.47	9	9	9	6	0
Depreciation	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1.17	1	1	1	1	1
Profit before tax	-36	50	6	101	22	81	162	182	-59	198	158	118	58	315	73.83	80	153	101	50	84
Tax %	-13	11	6	14	-73	14	14	14	-15	14	-8	14	10	14	16.55	15	6	10	4	58
Net Profit	-32	45	6	86	38	70	139	156	-50	171	170	101	52	269	61.61	68	144	91	48	36
Net Profit Growth % (QoQ)	-171.1%	650%	-93%	126.3%	-45.7%	-49.6%	-10.9%	412%	-129.2%	0.6%	68.3%	94.2%	-80.7%	336.6%	-9.4%	-52.8%	58.2%	89.6%	33.3%	-
Net Profit Growth % (YoY)	-184.2%	-35.7%	-95.7%	-44.9%	176%	-59.1%	-18.2%	54.5%	-196.2%	-36.4%	175.9%	48.5%	-63.9%	195.6%	28.4%	88.9%	-	-	-	-
TTM Net Profit	105	175	200	333	403	315	416	447	392	494	592	483.61	450.61	542.61	364.61	351	319	175	84	0
EPS in Rs	-0.76	1.06	0.12	2.02	0.91	1.62	3.26	3.69	-1.28	4.3	4.29	2.54	1.33	6.52	1.49	1.63	3.41	2.17	1.15	0.61

Upcoming result date: 13-Aug-2026

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	47674	46469	46576	31415	31182	31275	18240	19510	16338	15247	11710	14907	11619	10554
Sales Growth %	2.6%	-0.2%	48.3%	0.8%	-0.3%	71.5%	-6.5%	19.4%	7.2%	30.2%	-21.4%	28.3%	10.1%	23.7%
Expenses	47462	45994	46150	30862	30769	30689	17788	19003	15807	14476	11179	14188	11167	9402
Operating Profit	212	476	426	554	413	585	452	507	531	771	531	718	452	1152
OPM %	0	1	1	2	1	2	2	3	3	5	5	5	4	11
Other Income	23	21	36	16	6	13	2	3	1	2	2	30	54	61
Interest	112	47	44	37	25	0	0	27	0	9	8	82	93	84
Depreciation	2	3	3	5	5	5	11	2	2	63	60	154	138	137
Profit before tax	121	447	415	527	389	593	442	481	530	702	465	512	274	991
Tax %	13	10	5	14	18	6	38	13	17	15	15	29	24	14
Net Profit	106	403	393	452	318	560	273	416	442	593	393	365	209	850
Net Profit Growth %	-73.7%	2.5%	-13.1%	42.1%	-43.2%	105.1%	-34.4%	-5.9%	-25.5%	50.9%	7.7%	74.6%	-75.4%	-
EPS in Rs	2.43	9.48	9.85	10.97	7.34	12.33	5.38	9.75	10.67	14.79	9.47	10.49	5.24	29.53
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	38	48	69	41

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	11473	8352	6104	9922	8496	6892	5452	8826	7534	6526	3802	2579	2160	1887
Cash from Investing Activity	-11125	-9703	-5001	-11555	-8835	-6852	-4991	-8789	-6951	-6290	-3541	-2311	-1908	-1796
Cash from Financing Activity	567	1961	-117	-233	388	-92	-383	-174	-116	-215	-187	-388	-213	-220
Net Cash Flow	915	610	986	-1866	48	-51	78	-137	466	20	74	-119	39	-129

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	69	69	69	69	69	69	69	69	54	54	54	53	53	53	53	53
Reserves	5213	5235	5206	5100	3797	3450	3866	3274	2093	2005	1766	2281	1912	3249	2931	2850
Borrowings	1859	1829	1026	504	523	523	522	3	3	0	0	0	0	543	767	801
Other Liabilities	191795	189739	183698	177119	158383	127783	113291	94710	72377	65097	54022	44405	36181	31658	25366	21020
Total Liabilities	198936	196872	189999	182791	162771	131824	117747	98057	74526	67156	55842	46739	38147	35503	29117	24724
Fixed Assets	607	608	610	611	612	614	616	639	641	556	556	740	349	1200	1592	1597
CWIP	0	0	0	0	0	0	0	0	0	0	0	3	37	39	55	92
Investments	9716	10174	179841	7613	152959	123355	109794	91766	68566	63245	52683	44059	36102	32015	25134	21091
Other Assets	188613	186089	9548	174568	9201	7854	7337	5652	5320	3356	2602	1938	1660	2249	2336	1943
Total Assets	198936	196872	189999	182791	162771	131824	117747	98057	74526	67156	55842	46739	38147	35503	29117	24724

OI Chart

Price

Delivery

#	Date	1511 16% 1748	Value (Cr)	Q/T 22	Del 56	Del 271
1	22-Jul	1523	66	22	68	45
2	21-Jul	1539	91	16	50	45
3	20-Jul	1543	79	10	61	48
4	17-Jul	1538	110	23	69	76
5	16-Jul	1578	73	13	49	36
6	15-Jul	1611	62	13	46	28
7	14-Jul	1612	90	11	60	54
8	13-Jul	1632	171	24	56	96
9	10-Jul	1633	125	14	58	73
10	9-Jul	1577	133	12	55	73
11	8-Jul	1559	172	29	52	89
12	7-Jul	1609	201	17	58	116
13	6-Jul	1582	124	17	68	84
14	3-Jul	1597	63	13	55	35
15	2-Jul	1618	108	14	70	76
16	1-Jul	1609	41	15	49	20
17	30-Jun	1584	99	16	55	55
18	29-Jun	1602	755	34	69	523
19	25-Jun	1611	105	15	58	60
20	24-Jun	1662	50	13	56	28
21	23-Jun	1689	152	33	58	88
22	22-Jun	1687	108	16	44	47
23	19-Jun	1669	61	18	43	27
24	18-Jun	1688	178	25	54	97
25	17-Jun	1632	57	16	55	32
26	16-Jun	1612	48	12	44	21
27	15-Jun	1633	128	19	58	74
28	12-Jun	1579	83	16	62	52
29	11-Jun	1562	47	10	47	22
30	10-Jun	1598	138	25	62	86
31	9-Jun	1594	98	20	58	56
32	8-Jun	1578	40	11	48	19
33	5-Jun	1604	50	13	41	21
34	4-Jun	1582	103	17	55	56
35	3-Jun	1560	137	15	50	69
36	2-Jun	1595	82	17	54	44
37	1-Jun	1624	138	27	70	97
38	29-May	1674	135	23	61	82
39	27-May	1682	118	19	55	65
40	26-May	1726	154	28	60	92
41	25-May	1727	87	14	42	37
42	22-May	1680	184	22	51	94
43	21-May	1626	72	13	45	33
44	20-May	1625	82	17	62	51
45	19-May	1618	104	11	55	58
46	18-May	1602	78	12	48	37
47	15-May	1604	95	13	54	51
48	14-May	1631	136	19	47	64

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	51,943c	711c	1.35
22-Jul	52,654c	442c	0.83
21-Jul	53,096c	121c	0.23
17-Jul	52,975c	1,415c	2.60
16-Jul	54,390c	922c	1.67
15-Jul	55,312c	314c	0.57
14-Jul	54,998c	1,367c	2.42
13-Jul	56,364c	1,246c	2.26
10-Jul	55,118c	625c	1.15
09-Jul	54,494c	752c	1.40
08-Jul	53,741c	2,040c	3.66
07-Jul	55,781c	1,356c	2.49
06-Jul	54,425c	1,191c	2.14
02-Jul	55,615c	17c	0.03
01-Jul	55,633c	897c	1.64
30-Jun	54,735c	24c	0.04
29-Jun	54,759c	1,115c	2.00
26-Jun	55,874c	362c	0.64
25-Jun	56,237c	1,153c	2.01
24-Jun	57,389c	714c	1.23
23-Jun	58,104c	97c	0.17
22-Jun	58,200c	373c	0.64
19-Jun	57,827c	1,463c	2.60
17-Jun	56,364c	732c	1.32
16-Jun	55,633c	414c	0.74
15-Jun	56,047c	1,795c	3.31
12-Jun	54,252c	494c	0.90
11-Jun	54,746c	901c	1.62
10-Jun	55,646c	0	0

Stock Checklist

Price is below from 52 week high low average: 69%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 575 fund scheme(s) across 39 fund house(s) as of Jul26 · Total value ₹34,490 Cr · 55 increasing / 92 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	28	3.54%	-0.23%	9962
Nippon India Mutual Fund	32	1.87%	-	5186.9
DSP Mutual Fund	26	2.37%	-	3267.7
Kotak Mahindra Mutual Fund	26	1.70%	-0.09%	1992.9
Aditya Birla Sun Life Mutual Fund	32	1.59%	-	1972.4
SBI Mutual Fund	16	669.87%	-	1634.5
UTI Mutual Fund	22	2.11%	-	1154.4
Canara Robeco Mutual Fund	16	1.55%	-	1082.2
WhiteOak Capital Mutual Fund	30	98.53%	+0.02%	934.1
Sundaram Mutual Fund	12	1.62%	+0.02%	848.2
Edelweiss Mutual Fund	20	1.57%	-	848.1
Invesco Mutual Fund	8	1.77%	-	820.1
ICICI Prudential Mutual Fund	22	10.09%	-0.34%	530.6
PGIM India Mutual Fund	8	1.79%	-	481.9
Union Mutual Fund	34	35.30%	+0.07%	469.2
Franklin Templeton Mutual Fund	6	1.46%	-0.04%	464.2
Tata Mutual Fund	18	2.26%	-	454.2
Mahindra Manulife Mutual Fund	12	1.41%	-0.01%	433.6
Bandhan Mutual Fund	28	5.98%	-	361.1
Bajaj Finserv Mutual Fund	10	7.80%	+0.29%	295.4
Baroda BNP Paribas Mutual Fund	28	1.40%	-	284
LIC Mutual Fund	12	5.60%	-	241.7
Mirae Asset Mutual Fund	10	0.40%	-	232
Motilal Oswal Mutual Fund	16	4.54%	-	155
Bank of India Mutual Fund	12	7.25%	-	144.3
ITI Mutual Fund	10	1.04%	-0.06%	105.8
Helios Mutual Fund	4	1.19%	+0.30%	60.1
Jio BlackRock Mutual Fund	4	0.95%	-	42.8
JM Financial Mutual Fund	6	2.60%	-0.02%	33.9
Groww Mutual Fund	16	1.99%	-	28.8
Navi Mutual Fund	8	2.33%	-	14
Trust Mutual Fund	4	0.45%	+1.55%	11
Zerodha Mutual Fund	4	0.47%	-0.04%	9.2
HSBC Mutual Fund	12	0.02%	-	8
Shriram Mutual Fund	6	0.47%	-	1.6
Samco Mutual Fund	6	0.86%	-0.21%	1.4
Axis Mutual Fund	8	0.07%	-	0.9
Angel One Mutual Fund	2	0.22%	-	0.2
ICICI Prudential Asset Management Company Limited	1	0.24%	+0.24%	-78.8

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Events

Date	Purpose
13-Aug-26	Q1 2027