Max Financial Services Limited

Financial Services · Insurance

NSE: MFSL BSE: 500271
₹1373.40
▼ -19.00 (-1.36%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
56/100
Moderate
Valuation
—/100
Expensive
Momentum
12/100
Bearish

QVM read Mixed signals Quality Moderate, Valuation Expensive, Momentum Bearish

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

Key Metrics

Market Capitalization
₹47,398 Cr
PE (TTM)
Data unavailable.
Price to Book
7.4
PEG (TTM)
Data unavailable (needs 8 quarters of EPS).
Institutions holding %
92.40%
FII + DII, latest filed period
Piotroski Score
Data unavailable.
Relative return vs Nifty50, qtr %
-9.3
Relative return vs Sector, qtr %
-5.6
Free Cash Flow
₹11,228 Cr
as of March 31, 2026
Industry median ₹1,873 Cr (13 companies)
EPS Growth (YoY)
Data unavailable.
Net Profit Growth (TTM)
0.00%
as of June 30, 2026
Operating Revenue Growth (TTM)
0.00%
as of June 30, 2026
Profit Growth (YoY)
57.53%
as of Dec. 31, 2018
Revenue Growth (YoY)
47.29%
as of Dec. 31, 2018
Current Ratio
Data unavailable (needs a filed half-yearly balance sheet).
Debt to Equity
Data unavailable (needs a filed half-yearly balance sheet).
Interest Coverage
6.29
as of June 30, 2026
Net Margin
79.32%
as of Dec. 31, 2018
Operating Margin (EBIT)
79.62%
as of June 30, 2018
Operating Margin (TTM)
53.44%
as of June 30, 2026
Return on Assets
0.05%
as of March 31, 2026
Return on Capital Employed
Data unavailable (needs a filed half-yearly balance sheet).
Return on Equity
1.64%
as of March 31, 2026

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

2 of 6 met
  • No Net profit is higher than a year earlier in each of the last 4 quarters
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • No Quality score is Strong (70 or more)
  • No Return on equity is 15% or more (1.6%)
  • Yes Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

3 of 4 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • No Promoter pledge is 5% of their holding or less and not rising (26.9% pledged)
  • Yes Insiders have not sold in the past 3 months (no open-market sale filed in the last 3 months)

Peer comparison

1 of 1 met
  • Yes 1-year return beats the industry median

Value and momentum

0 of 5 met
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
-1.4%
Low 1344.3000 · High 1395.1000
1W return
-12.1%
Low 1344.3000 · High 1463.8000
1M return
-12.7%
Low 1344.3000 · High 1591.8000
52W return
-15.3%
Low 1344.3000 · High 1892.5000
Lifetime High ₹1870.0000 (Feb. 23, 2026)
Lifetime Low ₹143.1000 (Jan. 6, 2012)

Full price history and technicals →

EMA & SMA

Bullish0
Bearish6
5D
1422.0
10D
1455.6
20D
1484.9
50D
1521.1
100D
1558.6
200D
1621.7

Delivery and volume

Day avg. delivery
53.9%
Week avg. delivery
46.3%
Month avg. delivery
52.0%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

1370.93
Pivot
First resistance1397.57
Second resistance1421.73
Third resistance1448.37
First support1346.77
Second support1320.13
Third support1295.97
Day RSI35.4
Day MFI35.6
Day MACD-31.13
Day MACD signal-17.17

Beta

1M3.76
3M1.85
1Y1.12
3Y0.84

Price change analysis

↓ -12.7%
Over 1 Month
LowHigh
1344.301591.80
↓ -14.6%
Over 3 Months
LowHigh
1344.301662.00
↓ -7.0%
Over 6 Months
LowHigh
1344.301748.00
↓ -15.3%
Over 1 Year
LowHigh
1344.301892.50
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →

Data unavailable (needs at least 2 historical quarters with both a filed EPS and a matching trading day).

Revenue (June 30, 2026)
₹3 Cr
Net profit (June 30, 2026)
₹1 Cr
Basic EPS (June 30, 2026)
₹

Ranks #7 of 13 in Insurance by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter1.25%
  • Mutual funds36.76%
  • FII/FPI48.06%
  • Other DII7.58%
  • Public6.35%

Largest holders

NameCategoryShares %Shares
MITSUI SUMITOMO INSURANCE COMPANY LIMITEDPublic21.8600%75458088
HDFC MUTUAL FUND - HDFC NIFTY LARGE MIDC AP 250 INDEX FUNDPublic9.2700%31980876
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY 500 EQUAL WEIGHT INDEX FUNDPublic5.0100%17288319
DSP NIFTY 500 INDEX FUNDPublic3.2100%11089922
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY ALPHA LOW-VOLATILITY 30 INDEX FUNDPublic3.1900%11013043

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 1.25% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings increased from 47.88% to 48.06% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings decreased from 36.99% to 36.76% in Jun 2026 qtr

107 mutual fund schemes also hold this stock.

All shareholding details →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
24 Nov 2025 MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED Promoter Sell 0 ₹0
9 Jun 2025 Max Financial Employees Welfare Trust Other Buy 0 ₹0
5 Jun 2025 Max Financial Employees Welfare Trust Other Buy 0 ₹0
23 May 2025 Max Financial Employees Welfare Trust Other Buy 0 ₹0
20 May 2025 Max Financial Employees Welfare Trust Other Buy 0 ₹0
28 Mar 2025 MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED Promoter Sell 0 ₹0
6 Sep 2024 MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED Promoter Sell 0 ₹0
18 May 2024 Max Financial Employees Welfare Trust Other Buy 0 ₹0
16 May 2024 Max Financial Employees Welfare Trust Other Buy 0 ₹0
5 Jun 2023 Max Financial Employees Welfare Trust Other Buy 0 ₹0

All insider and SAST disclosures →

DateClientDealActionQuantityPriceExchange
21 Nov 2025 WHITEOAK CAPITAL MUTUAL FUND Block Buy 118,980 1681.0000 NSE
21 Nov 2025 VIRIDIAN ASIA OPPORTUNITIES MASTER FUND Block Buy 107,080 1681.0000 NSE
21 Nov 2025 TATA MUTUAL FUND Block Buy 297,440 1681.0000 NSE
21 Nov 2025 TATA EQUITY PLUS ABSOLUTE RETURNS FUND Block Buy 62,460 1681.0000 NSE
21 Nov 2025 MORGAN STANLEY IFSC FUND Block Buy 113,030 1681.0000 NSE
21 Nov 2025 MORGAN STANLEY ASIA SINGAPORE PTE Block Buy 329,911 1681.0000 NSE
21 Nov 2025 MORGAN STANLEY ASIA SINGAPORE PTE Block Buy 511,610 1681.0000 NSE
21 Nov 2025 MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED Block Sell 1,600,000 1681.0000 NSE
21 Nov 2025 ALPHAGREP INVESTMENT MANAGEMENT PRIVATE LIMITED Block Buy 59,489 1681.0000 NSE
14 Oct 2025 GOLDMAN SACHS BANK EUROPE SE - ODI Block Buy 85,630 1613.5000 NSE

All bulk and block deals →

Ex-dateSubjectPer share (₹)Record date
19 Sep 2016 Dividend - Rs 1.80 Per Share 1.8000 —
19 Nov 2015 Interim Dividend - Rs 1.80/- Per Share 1.8000 20 Nov 2015
15 Sep 2015 Annual General Meeting/ Dividend - Re 1/- Per Share 1.0000 —
25 Nov 2014 Interim Dividend - Rs 4/- Per Share 4.0000 26 Nov 2014
12 Sep 2014 Annual General Meeting / Final Dividend - Rs 1.80/- Per Share 1.8000 —
21 Nov 2013 Interim Dividend - Rs 1.80/- Per Share 1.8000 22 Nov 2013
10 Sep 2013 Annual General Meeting And Dividend Rs.2.20 Per Share 2.2000 —
22 Nov 2012 Interim Dividend Rs.10/- Per Share 10.0000 23 Nov 2012

Corporate Actions

Full history (27 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
12 Mar 2007SPLITFv Split Rs.10/- To Rs.2/
—NAME_CHANGEName changed from Max India Ltd. to Max Financial Services Limited
16 Aug 2024OTHERAnnual General Meeting
14 Aug 2023OTHERAnnual General Meeting
17 Aug 2022OTHERAnnual General Meeting
15 Sep 2021OTHER Annual General Meeting

All corporate actions →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
13 Aug 2026 Financial Results Yes
12 May 2026 Financial Results Yes
12 Mar 2026 Fund Raising —
11 Feb 2026 Financial Results Yes
11 Nov 2025 Financial Results Yes

Corporate Announcements

All 1165 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
28 Sep 2026 Updates Max Financial Services Limited has informed the Exchange regarding 'Disclosure under the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR ) regarding Axis Max Life Insurance Limited ( Axis Max Life ), the material subsidiary of the Company '.
28 Sep 2026 Company Update Max Financial Services Ltd - 500271 - Disclosure Under The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR') Regarding Axis Max Life Insurance Limited ('Axis Max Life'), The Material Subsidiary Of The Company
25 Sep 2026 Insider Trading / SAST Max Financial Services Ltd - 500271 - Closure of Trading Window
25 Sep 2026 Trading Window Max Financial Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
25 Sep 2026 Board Meeting Max Financial Services Ltd - 500271 - Board Meeting Intimation for Board Meeting For Consideration Of Unaudited Financial Results Of The Company For The Quarter And Half Year Ending September 30, 2026
18 Sep 2026 Company Update Max Financial Services Ltd - 500271 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating
18 Sep 2026 Updates Max Financial Services Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) ESG Rating'.
11 Sep 2026 Company Update Max Financial Services Ltd - 500271 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating
11 Sep 2026 Updates Max Financial Services Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) ESG Rating'.
9 Sep 2026 Company Update Max Financial Services Ltd - 500271 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Strong net profit margin (79.3%)
  • Strong revenue growth YoY (47.3%)

Weaknesses

  • Low Return on Equity (1.6%)

Opportunities

Data unavailable.

Threats

Data unavailable.

Single-stock futures and a real listed options chain available for this stock -- OI buildup, PCR, Max Pain and Greeks are all on the full F&O page.

Part of: NIFTY 200, NIFTY 200, NIFTY 500, NIFTY 500, NIFTY MIDCAP 100, NIFTY MIDCAP 100, NIFTY MIDCAP 150, NIFTY MIDCAP 150, NIFTY MIDCAP 50, NIFTY MIDCAP 50

Frequently asked questions about Max Financial Services Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.