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Max Financial Services Ltd. (Industry - Finance - Others)

1,724.65 -21.70 (-1.24%)

Market Cap
₹ 59,520.22 Cr.
P/E Ratio
296.99
Current Price
₹ 1,724.65
Open
₹ 1,780
High
₹ 1,780
Prev Close
₹ 1,746.35
Quantity Traded
9,640
52 High
₹ 1,754.15
52 Low
₹ 987.25
Dividend Yield
0%
EBITDA Margin
0.64%
ROE
3.86%
Book Value
₹ 195.21
Face Value
₹ 2

Shareholding

Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters1.251.711.741.743.34
Mutual Funds UTI47.3647.2647.3047.3042.69
FII/Banks45.1344.7844.7144.7547.50
Others6.266.256.256.216.47

Quarterly Results

(All figures In ₹ Cr.)Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Trend 2023-25
Sales5.524.513.723.694.323.742.992.87
Other Income-0.250.050.070.390.10.05-
Operating Profit-2.3-3.6-1.98-2.17-1.18-2.3-2.22-3.16
Interest0.020.040.030.020.020.020.010.01
Depreciation0.320.310.310.310.290.320.290.23
Taxation-0.17-0.270.28-0.040.08-0.05--
Net Profit / Loss-2.47-3.68-2.6-2.46-1.57-2.59-2.52-3.4

Annual Results

(All figures In ₹ Cr.)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2021-25
Sales306.37199.757.8221.4315.47
Other Income1.432.360.410.290.61
Operating Profit133.48150.6922.46-9.86-7.64
Interest0.210.140.110.110.09
Depreciation3.83.483.11.591.23
Taxation30.2444.465.38-0.320.27
Net Profit / Loss99.23102.6213.87-11.23-9.22

Cash Flow

(All figures In ₹ Cr.)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2021-25
Cash from Operating Activity-0.7485.91-34.07-10.25-6.75
Cash from Investing Activity2.4-84.6735.8511.177.93
Cash from Financing Activity-1.72-1.08-1.76-1.14-1.09
Net Cash Flow-0.060.160.02-0.220.08

Balance Sheet

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2021-25
Share Capital69.0269.0269.0269.0269.02
Reserve6,575.646,680.576,694.386,683.056,673.77
Borrowings------
Other Liabilities4.983.061.721.591.47
Total Liabilities6,661.336,761.937,208.996,762.296,752.3
Fixed Assets25.124.313.852.912.41
CWIP------
Investments6,620.916,726.057,132.596,703.666,691.44
Other Assets1.010.60.790.320.35
Total Assets6,661.336,761.937,208.996,762.296,752.3

Financial Ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2018-25
NetNPA---------
Total_CAR---------
Cost_IncRatio---------
NIM---------
Price_Book6.45.864.564.463.853.245.125.87
ROA6.572.0911.012.161.530.2-0.16-0.14

Peer Companies

Company
Market Cap (₹Cr.)
CMP (₹)
% Change
52 Week H/L
Book Value (₹)
PE (x)
60,269.12
1,724.65
(-1.24%)
1,754.15 / 987.25
195.21
298.32
25,341.97
1,323
(-4.98%)
1,659.6 / 1,011.03
123.3
24.80
24,581.99
3,016.2
(1.87%)
3,226.8 / 1,679.85
112.47
67.08
11,237.77
2,756.95
(1.58%)
3,063.8 / 1,618.4
161.75
49.80
1,213.29
27.8
(5.30%)
40.7 / 23
10.33
NA
376
235.5
(2.41%)
252.6 / 108
202.11
87.40
256.2
334
(4.29%)
466.35 / 86.25
15.01
76.20
102.34
9.03
(0.11%)
10.21 / 7.74
5.57
13.99
57.79
46.5
(1.86%)
111.5 / 45.92
14.98
NA
57.05
74
(3.06%)
136.71 / 63.46
20.18
26.17

Broker Report

Tips
(Reco Date)
Reco Price
Target Price
CMP
(Returns)
Broker / Analyst
Investment Logic
HOLD
(03 Dec 2025)
483
475
1,724.65
(257.07%)
ICICI Securities Limited
BUY
(12 Nov 2025)
1,719
2,100
1,724.65
(0.33%)
Motilal Oswal Financial Services Limited
HOLD
(08 Aug 2025)
1,552
1,750
1,724.65
(11.12%)
Motilal Oswal Securities
HOLD
(14 May 2025)
1,338
1,330
1,724.65
(28.90%)
Motilal Oswal Securities
BUY
(23 Oct 2024)
1,272
1,300
1,724.65
(35.59%)
Motilal Oswal Securities
HOLD
(14 Aug 2024)
1,040
1,030
1,724.65
(65.83%)
Motilal Oswal Securities
HOLD
(04 Jun 2024)
903
1,020
1,724.65
(90.99%)
Motilal Oswal Securities
HOLD
(07 May 2024)
970
1,040
1,724.65
(77.80%)
Motilal Oswal Securities

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