Max Financial Services Limited

Web: maxfinancialservices.com NSE: MFSL BSE: 500271 SECTOR: Financial Services - Insurance | Add Note | View Notes

1559 22(1%)

Near 52W Low of 1434

Volume

3L as on 03, Sep

Open

1,532

High

1,532

Low

1,496

1,537

VWAP

1,529

52 Week High

1,892

52 Week Low

1,434

Viand Research Rating

Quality Score

57/100

Growth Score

7/100

Valuation Score

50/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

53,810

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

48.06%

DII Holding

44.34%

Price Chart

Price Performance

1 Week2%

1 Month0%

3 Months1%

6 Months15%

1 Year2%

YTD8%

Moving Average

5 Day SMA1,543

10 Day SMA1,563

20 Day SMA1,549

30 Day SMA1,538

50 Day SMA1,556

61 Day SMA1,571

80 Day SMA1,584

200 Day SMA1,640

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,564	1,515	1,548	1,566
Resistance 2	1,548	1,512	1,533	1,549
Resistance 1	1,526	1,508	1,524	1,529
Pivot Point	1,510	1,505	1,510	1,511
Support 1	1,489	1,502	1,496	1,491
Support 2	1,473	1,498	1,487	1,474
Support 3	1,451	1,495	1,473	1,454

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HDFCBANK	11,02,653	712	1%	6%	20%	26%	15	40.9	0	79219
2	ICICIBANK	10,28,335	1423	1%	2%	4%	2%	16	40.9	0	57936
3	SBIN	9,43,185	1016	2%	2%	14%	26%	11	40.9	0	86666
4	BAJFINANCE	6,57,612	1060	3%	9%	7%	12%	28	40.9	0	19332
5	LICI	5,29,086	418	1%	3%	50%	53%	9	40.9	0	57453
6	KOTAKBANK	4,23,124	424	1%	6%	2%	78%	20	40.9	0	19288
7	AXISBANK	3,96,596	1273	1%	0%	8%	21%	15	40.9	0	26548
8	BAJAJFINSV	3,16,023	1970	1%	5%	3%	1%	13	40.9	5.52	19669
9	SHRIRAMFIN	2,44,475	1041	5%	4%	1%	78%	21	40.9	0	10024
10	SBILIFE	1,76,519	1775	3%	10%	16%	4%	70	40.9	0	2470
Load More

Shareholding Pattern (%)

	Jun 2026	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%	(0.01) 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	(0.21) 48.06%	(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	(-0.41) 44.34%	(-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	6.35%	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	80,336	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

	Jun 2026	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	14970	10802	14259	9792	12822	12376	8923	13372	11799	14888	12356	10165	9168	9929	8896	9316.09	3272	8960	6954	9325	5942
Sales Growth % (YoY)	16.8%	-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)	38.6%	-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	14803	10808	14181	9771	12703	12356	8834	13199	11608	14945	12146	10021	9043	9865	8573	9238.12	3185	8799	6843	9270	5857
Operating Profit	167	-6	78	21	119	20	89	173	190	-57	209	144	125	64	322	77.97	87	161	111	55	85
OPM %	1.1	-0.1	0.6	0.2	0.9	0.2	1	1.3	1.6	-0.4	1.7	1.4	1.4	1	4	0.84	3	2	2	1	1
Other Income	7	5	9	7	3	18	3	2	1	10	4	25	3	5	3	6.5	4	3	1	2	1
Interest	36	35	36	21	20	15	10	13	9	11	14	9	9	9	9	9.47	9	9	9	6	0
Depreciation	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1.17	1	1	1	1	1
Profit before tax	138	-36	50	6	101	22	81	162	182	-59	198	158	118	58	315	73.83	80	153	101	50	84
Tax %	14	-13	11	6	14	-73	14	14	14	-15	14	-8	14	10	14	16.55	15	6	10	4	58
Net Profit	118	-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)	468.8%	-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)	37.2%	-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	137	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	2.77	-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

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 %	0.4	1	0.9	1.8	1.3	1.9	2.5	2.6	3.2	5	4.5	4.8	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	183879	177119	158383	127783	113291	94710	72377	65097	54022	44405	36181	31658	25366	21020
Total Liabilities	198936	196872	190180	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	186014	10174	179841	7613	152959	123355	109794	91766	68566	63245	52683	44059	36102	32015	25134	21091
Other Assets	12314	186089	9729	174568	9201	7854	7337	5652	5320	3356	2602	1938	1660	2249	2336	1943
Total Assets	198936	196872	190180	182791	162771	131824	117747	98057	74526	67156	55842	46739	38147	35503	29117	24724

Delivery

Delivery Data: MFSL

#	Date	1468 13% 1662	Value (Cr)	Q/T 23	Del 52	Del 270
1	4-Sep	1548	84	20	56	47
2	3-Sep	1537	41	13	56	23
3	2-Sep	1505	83	24	58	48
4	1-Sep	1535	47	17	42	19
5	31-Aug	1573	61	19	70	43
6	28-Aug	1564	48	11	60	29
7	27-Aug	1568	116	14	61	71
8	26-Aug	1600	30	10	55	17
9	25-Aug	1592	150	18	31	47
10	24-Aug	1570	54	9	48	26
11	21-Aug	1585	73	21	52	37
12	20-Aug	1575	68	18	59	40
13	19-Aug	1546	45	14	43	19
14	18-Aug	1584	166	29	66	109
15	17-Aug	1572	109	22	53	58
16	14-Aug	1538	613	34	28	169
17	13-Aug	1512	72	22	63	45
18	12-Aug	1516	74	15	50	37
19	11-Aug	1499	233	28	52	121
20	10-Aug	1514	53	18	54	29
21	7-Aug	1497	54	21	62	33
22	6-Aug	1519	169	38	69	116
23	5-Aug	1523	99	24	56	55
24	4-Aug	1519	101	21	60	60
25	3-Aug	1542	76	15	57	43
26	31-Jul	1499	78	18	69	53
27	30-Jul	1511	134	24	75	100
28	29-Jul	1515	173	13	62	107
29	28-Jul	1507	136	9	66	90
30	27-Jul	1511	84	14	55	47
31	24-Jul	1516	168	29	76	128
32	23-Jul	1504	39	12	56	22
33	22-Jul	1523	66	22	68	45
34	21-Jul	1539	91	16	50	45
35	20-Jul	1543	79	10	61	48
36	17-Jul	1538	110	23	69	76
37	16-Jul	1578	73	13	49	36
38	15-Jul	1611	62	13	46	28
39	14-Jul	1612	90	11	60	54
40	13-Jul	1632	171	24	56	96
41	10-Jul	1633	125	14	58	73
42	9-Jul	1577	133	12	55	73
43	8-Jul	1559	172	29	52	89
44	7-Jul	1609	201	17	58	116
45	6-Jul	1582	124	17	68	84
46	3-Jul	1597	63	13	55	35
47	2-Jul	1618	108	14	70	76
48	1-Jul	1609	41	15	49	20
49	30-Jun	1584	99	16	55	55
50	29-Jun	1602	755	34	69	523

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	53,810c	801c	1.51
03-Sep	53,010c	387c	0.72
01-Sep	53,396c	711c	1.31
31-Aug	54,107c	7c	0.01
27-Aug	54,114c	601c	1.10
26-Aug	54,715c	104c	0.19
25-Aug	54,818c	642c	1.18
24-Aug	54,176c	152c	0.28
21-Aug	54,328c	970c	1.82
19-Aug	53,358c	1,325c	2.42
18-Aug	54,683c	442c	0.81
17-Aug	54,242c	1,160c	2.18
14-Aug	53,082c	1,063c	2.04
13-Aug	52,019c	300c	0.57
12-Aug	52,319c	52c	0.10
11-Aug	52,268c	0	0
10-Aug	52,268c	590c	1.14
07-Aug	51,678c	980c	1.86
06-Aug	52,658c	224c	0.43
04-Aug	52,433c	425c	0.82
31-Jul	52,009c	69c	0.13
30-Jul	51,940c	376c	0.72
29-Jul	52,316c	152c	0.29
28-Jul	52,164c	180c	0.35
27-Jul	51,985c	0	0

Stock Checklist

Price is above from 52 week high low average: 27%

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 548 fund scheme(s) across 40 fund house(s) as of Aug26 · Total value ₹32,070 Cr · 82 increasing / 391 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	26	2.34%	-0.33%	9399.2
Nippon India Mutual Fund	30	1.02%	-0.23%	4718.2
DSP Mutual Fund	26	1.80%	+0.06%	3873.9
Kotak Mahindra Mutual Fund	22	0.39%	-0.16%	1714.1
Aditya Birla Sun Life Mutual Fund	28	0.75%	-0.24%	1504.9
Canara Robeco Mutual Fund	16	1.16%	-0.01%	1115.6
Invesco Mutual Fund	8	0.94%	-0.46%	961.5
WhiteOak Capital Mutual Fund	30	1.32%	+0.01%	928.1
Sundaram Mutual Fund	12	1.50%	-0.12%	850.9
Edelweiss Mutual Fund	24	0.75%	-0.31%	772.3
UTI Mutual Fund	20	0.84%	-0.22%	736.1
Mirae Asset Mutual Fund	10	1.28%	+0.95%	610.3
SBI Mutual Fund	14	0.29%	-1.50%	568.3
Bandhan Mutual Fund	28	0.74%	+0.44%	567.6
Tata Mutual Fund	16	0.79%	+0.05%	541.8
Franklin Templeton Mutual Fund	6	1.52%	+0.30%	518.5
PGIM India Mutual Fund	8	1.75%	-0.03%	486
Mahindra Manulife Mutual Fund	12	1.33%	-	433.6
Union Mutual Fund	34	1.29%	-0.28%	389.2
ICICI Prudential Mutual Fund	20	0.13%	-0.12%	367.2
Baroda BNP Paribas Mutual Fund	24	1.40%	+0.22%	360
Bajaj Finserv Mutual Fund	10	0.83%	-0.45%	207.6
Bank of India Mutual Fund	12	1.49%	-0.12%	150.1
Motilal Oswal Mutual Fund	12	0.51%	-0.14%	93.2
ITI Mutual Fund	10	0.84%	-0.08%	87
Helios Mutual Fund	4	0.94%	-0.32%	56.9
LIC Mutual Fund	14	0.39%	+0.01%	55.2
Groww Mutual Fund	16	0.84%	-0.31%	29.4
HSBC Mutual Fund	8	0.05%	-0.09%	21.1
JM Financial Mutual Fund	6	1.23%	-0.05%	20.6
Jio BlackRock Mutual Fund	5	0.43%	-1.11%	18.5
Navi Mutual Fund	8	0.96%	-0.04%	14.1
Zerodha Mutual Fund	4	0.48%	-0.03%	8.9
Trust Mutual Fund	4	0.30%	-1.05%	7.7
Shriram Mutual Fund	4	0.46%	-0.02%	1.6
Samco Mutual Fund	6	0.10%	-	1.4
Angel One Mutual Fund	2	0.19%	-0.03%	0.2
Unifi Mutual Fund	2	-0.06%	+0.04%	-1.2
Axis Mutual Fund	6	-0.10%	-0.11%	-17.3
ICICI Prudential Asset Management Company Limited	1	-0.57%	+0.06%	-103

Max Financial Services Limited

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