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Max Financial Services Limited

Financial Services · Insurance

NSE: MFSL BSE: 500271
₹1348.00
Oct. 5, 2026 · NSE · nse_bhavcopy

Peers in Insurance

The largest companies in the same industry by market cap. This company ranks #7 of 13. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

CompanyMarket cap (₹ Cr)PE (TTM)ROE1Y returnDiv. yieldQualityValuationMomentum
Life Insurance Corporation Of India 491,705 — — -57.2% 2.57% 0 — 14
SBI Life Insurance Company Limited 171,504 — — -3.5% 0.16% 86 — 47
HDFC Life Insurance Company Limited 115,358 — — -30.4% 0.40% 62 — 14
ICICI Lombard General Insurance Company Limited 79,884 — — -16.9% 0.84% 34 — 69
ICICI Prudential Life Insurance Company Limited 65,996 — — -24.2% 0.36% 66 — 10
General Insurance Corporation of India 55,983 — — -16.3% 4.15% 44 — 13
Max Financial Services Limited (this stock) 46,521 — 1.6% -16.0% — 56 0 12
Star Health and Allied Insurance Company Limited 31,504 — — 17.0% — 44 — 29

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet. EBITDA = PBT + interest + depreciation.

Enterprise value
Data unavailable.
EV / EBITDA
Data unavailable.
EV / Sales
Data unavailable.
Market cap / Sales
143.18x
Earnings yield
Data unavailable.

Quarterly Financials

↑ Positive
Quarterly Revenue

Dec 2018 quarterly revenue is Rs 177 Cr, up 47.3% YoY.

↑ Positive
Quarterly Net Profit

Dec 2018 quarterly net profit is Rs 140 Cr, up 57.5% YoY.

Period endRevenue (₹ Cr)PBT (₹ Cr)Net profit (₹ Cr)Basic EPS
June 30, 2026 3 1 1 ₹
March 31, 2026 17 12 10 ₹
Dec. 31, 2025 8 2 2 ₹
Sept. 30, 2025 3 -3 -3 ₹
June 30, 2025 3 -3 -3 ₹
March 31, 2025 4 -3 -3 ₹
Dec. 31, 2024 5 -1 -2 ₹
Sept. 30, 2024 4 -2 -2 ₹
June 30, 2024 4 -2 -3 ₹
March 31, 2024 5 -4 -4 ₹
Dec. 31, 2023 6 -3 -2 ₹
Sept. 30, 2023 6 -3 -3 ₹
June 30, 2023 5 -2 -2 ₹

Quarterly income statement (standalone, ₹ Cr)

IndicatorDec 18Sep 18Jun 18Mar 18Dec 17Sep 17Jun 17Mar 17Dec 16Sep 16Jun 16Mar 16Dec 15
Total income (before exceptional items)17781291212069271041413213137
Operating revenue17681291212069271031313213136
Other income0000000001000
Operating expenses——26——————————
Operating profit——103——————————
Operating profit margin——79.8%——————————
Depreciation0000000000111
Interest——27——————————
Exceptional items, gain / (loss)—————————————
Profit before tax140-5675-1389-1967-2080-13107-24119
Tax————————————-9
Net profit140-5675-1389-1967-2080-13107-24127
EPS5.21————————————
Net profit (TTM)14695132123116107113154151198213131146
EPS (TTM)—————————————

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year endedRevenue (₹ Cr)PBT (₹ Cr)Net profit (₹ Cr)
March 31, 2026 26 8 6
March 31, 2025 15 -9 -9
March 31, 2024 21 -12 -11
March 31, 2023 58 19 14

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

IndicatorCAGR 3YCAGR 5YMar 26Mar 25Mar 24Mar 23Mar 18Mar 17Mar 16Mar 14Mar 13
Total income (before exceptional items) — — ————229†256†226†1,008†1,528†
Operating revenue -23.6% — 26152158229†255†226†996†1,515†
Other income — — ————1†1†1†12†13†
Operating expenses — — ———————761†820†
Operating profit — — ———————235†696†
Operating profit margin — — ———————23.6%†45.9%†
Depreciation — — ————2†2†3†24†24†
Interest — — ———————22†17†
Exceptional items, gain / (loss) — — ————0†0†0†0†0†
Profit before tax -26.1% — 8-9-1219123†154†131†180†650†
Tax — — ———————-5†88†
Net profit -24.8% — 6-9-1114123†154†131†185†561†
EPS — — —————————

† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

RatioMar 26Mar 25Mar 24Mar 23Mar 18Mar 17Mar 16Mar 14Mar 13
Operating margin———————23.6%†45.9%†
EBIT margin———————20.3%†44.0%†
PBT margin30.1%-57.9%-53.9%33.3%53.8%†60.4%†58.0%†18.1%†42.9%†
Net margin22.9%-59.6%-52.4%24.0%53.8%†60.4%†58.0%†18.6%†37.1%†
Interest coverage———————9.26x†38.26x†
Dividend payout—————————
Earnings retention—————————
Current ratio—————————
Quick ratio—————————
Debt to equity—————————
Return on equity0.1%-0.1%———————
Return on assets0.1%-0.1%———————
Return on capital employed—————————
Asset turnover0.00x0.00x———————

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year endedOperating (₹ Cr)Investing (₹ Cr)Financing (₹ Cr)Capex (₹ Cr)Free Cash Flow (₹ Cr)
March 31, 2026 -13 13 -1 0 -13
March 31, 2025 -3 4 -1 1 -4
March 31, 2024 -8 9 -1 0 -8
March 31, 2023 -34 36 -2 0 -34
March 31, 2022 86 -85 -1 0 86

Balance Sheet (standalone)

Year endedTotal Assets (₹ Cr)Total Equity (₹ Cr)Reserves (₹ Cr)Borrowings, Current (₹ Cr)Borrowings, Non-current (₹ Cr)Current Assets (₹ Cr)Current Liabilities (₹ Cr)Cash & Equivalents (₹ Cr)Net Block (₹ Cr)Inventory (₹ Cr)
March 31, 2026 6,764 6,749 6,680 — — — — 0 1 0
March 31, 2025 6,759 6,743 6,674 — — — — 0 2 0
March 31, 2024 — — — — — — — — — —
March 31, 2023 — — — — — — — — — —
March 31, 2022 — — — — — — — — — —

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.