Max Financial Services Limited

BSE: MFSL500271ISIN INE180A01020

Financial Services
Life Insurance
BSE 200

BSE listing

Share price

₹1,575.00+21.90 (+1.41%)

as of 18 Sep 2026

52W high: ₹1,891.35
52W low: ₹1,408.05
Off 52W high: -16.73%
1M return: +1.42%
3M return: -5.93%
6M return: -3.86%
1Y return: +1.29%
20D avg volume: 41,186
50 DMA: ₹1,537.39
200 DMA: ₹1,631.03

Key ratios Consolidated

Market cap: ₹54,356 Cr
Current price: ₹1,575.00
52W high / low: ₹1,891.35 / ₹1,408.05
Face value: ₹2.00
P/E: 395.60
P/B: —
EPS (TTM): ₹3.98
Book value / share: —
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-2,137 Cr
Interest cover: 2.07
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	14,970	10,802	14,259	9,792	12,822	12,376	—
	7.10	3.54	8.50	7.03	3.25	20.32	—
	14,839	10,844	14,217	9,792	12,723	12,372	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	10.16	12.17	11.55	8.96	12.35	7.40	—
	35.53	35.13	35.93	21.12	19.68	15.30	—
	0.50	0.49	0.52	0.62	0.68	0.71	—
	14,793	10,795	14,169	9,763	12,691	12,350	—
	137.92	-38.07	50.06	6.30	101.48	24.08	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	137.92	-38.07	50.06	6.30	101.48	24.08	—
	19.63	-4.87	5.31	0.39	14.50	-16.15	—
	118.29	-31.52	44.76	5.87	86.45	38.28	—
	2.78	-0.77	1.07	0.12	2.03	0.91	—
Key metrics
	0.80%	-0.30%	0.30%	0.10%	0.70%	0.30%	—
	16.80%	-12.70%	—	—	—	—	—
	36.80%	-182.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY18	FY17
Income statement
	49,822	47,674	46,469	—	16,577	15,228
	26.17	22.32	28.33	—	28.77	20.81
	49,692	47,577	46,047	—	16,068	14,547
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	42.84	45.03	28.21	—	776.28	918.13
	127.71	111.86	47.36	—	11.03	8.93
	2.13	2.31	2.87	—	62.77	62.53
	49,521	47,419	45,970	—	1,988	1,747
	156.21	119.77	450.10	—	538.05	701.56
	0.00	0.00	0.00	—	0.00	0.00
	156.21	119.77	450.10	—	538.05	701.56
	20.46	15.33	43.36	—	87.54	108.29
	137.40	105.56	403.38	—	450.51	593.27
	3.20	2.45	9.53	—	—	—
Key metrics
	—	—	—	—	611.85	773.02
	—	—	—	—	3.70%	5.10%
	0.28%	0.20%	0.90%	—	2.70%	3.90%
	—	2.60%	—	—	8.90%	—
	—	-73.80%	—	—	-24.10%	—
	—	11,228	8,134	—	—	—
	—	108.68	20.70	—	—	—
	—	0.00	0.00	—	—	—
	—	-2,137	-1,071	—	—	—
Balance sheet
	—	1,98,936	1,89,999	—	—	—
	—	2,137	1,071	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.96	1.57	—	—	—
	—	0.00	0.00	—	—	—
	—	6,420	6,403	—	—	—
Cash flow
	—	11,473	8,352	—	—	—
	—	-11,125	-9,703	—	—	—
	—	566.69	1,961	—	—	—
	—	244.44	218.08	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18
Income statement
	3.05	17.00	7.65	2.87	2.99	3.74	—	176.36	7.77	128.98	11.81	119.74
	2.59	0.12	0.00	0.00	0.05	0.10	—	0.21	0.36	0.15	0.11	0.12
	4.91	5.09	6.00	6.27	5.56	6.48	—	36.68	64.46	53.69	24.88	31.06
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	1.81	1.41	1.82	1.36	1.52	1.66	—	12.34	11.80	11.82	5.59	10.44
	0.00	0.00	0.01	0.01	0.01	0.02	—	—	—	27.25	—	—
	0.11	0.11	0.12	0.23	0.29	0.32	—	0.42	0.43	0.45	0.49	0.48
	2.99	3.57	4.05	4.67	3.74	4.48	—	2.95	4.64	3.76	—	3.96
	0.73	12.03	1.65	-3.40	-2.52	-2.64	—	139.89	-56.33	75.44	-12.96	88.80
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.73	12.03	1.65	-3.40	-2.52	-2.64	—	139.89	-56.33	75.44	-12.96	88.80
	0.00	1.86	0.00	0.00	0.00	-0.05	—	—	—	—	—	—
	0.73	10.17	1.65	-3.40	-2.52	-2.59	—	139.89	-56.33	75.44	-12.96	88.80
	0.02	0.29	0.05	-0.10	-0.07	-0.08	—	5.21	—	—	—	—
Key metrics
	—	—	—	—	—	—	—	140.31	-55.90	103.14	-12.47	89.28
	—	—	—	—	—	—	—	79.60%	-719.40%	80.00%	-105.60%	74.60%
	23.90%	59.80%	21.60%	-118.50%	-84.30%	-69.30%	—	79.30%	-725.00%	58.50%	-109.70%	74.20%
	2.00%	354.50%	—	—	—	—	—	47.30%	—	—	—	—
	129.00%	492.70%	—	—	—	—	—	57.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY18	FY17
Income statement
	30.57	25.79	15.47	—	228.74	254.92
	2.71	4.89	0.61	—	0.68	1.36
	22.27	22.92	25.03	—	106.38	102.28
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	6.40	6.11	5.93	—	39.84	37.20
	0.02	0.03	0.09	—	—	—
	0.57	0.75	1.23	—	1.92	1.96
	15.28	16.03	17.78	—	—	21.97
	11.01	7.76	-8.95	—	123.04	154.00
	0.00	0.00	0.00	—	—	—
	11.01	7.76	-8.95	—	123.04	154.00
	1.86	1.86	0.27	—	—	—
	9.15	5.90	-9.22	—	123.04	154.00
	0.26	0.17	-0.27	—	—	—
Key metrics
	—	—	—	—	124.96	155.96
	—	—	—	—	54.60%	61.20%
	29.93%	22.90%	-59.60%	—	53.80%	60.40%
	—	66.70%	—	—	-10.30%	—
	—	164.00%	—	—	-20.10%	—
	—	-12.82	-3.65	—	—	—
	—	-2.15	0.31	—	—	—
	—	0.00	0.00	—	—	—
	—	-0.30	-0.26	—	—	—
Balance sheet
	—	6,764	6,759	—	—	—
	—	0.30	0.26	—	—	—
	—	8.66	11.32	—	—	—
	—	0.00	0.00	—	—	—
	—	0.96	1.57	—	—	—
	—	0.00	0.00	—	—	—
	—	6,749	6,743	—	—	—
Cash flow
	—	-12.68	-2.84	—	—	—
	—	13.37	4.01	—	—	—
	—	-0.65	-1.09	—	—	—
	—	0.14	0.81	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 1.25%

Holder	Type	Holding	Previous	Change
MITSUI SUMITOMO INSURANCE COMPANY LIMITED	Public	21.86%	—	—
HDFC MUTUAL FUND - HDFC NIFTY LARGE MIDC AP 250 INDEX FUND	Public	9.27%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY 500 EQUAL WEIGHT INDEX FUND	Public	5.01%	—	—
DSP NIFTY 500 INDEX FUND	Public	3.21%	—	—
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY ALPHA LOW-VOLATILITY 30 INDEX FUND	Public	3.19%	—	—
SMALLCAP WORLD FUND, INC	Public	2.96%	—	—
SBI NIFTY MIDCAP 150 ETF	Public	2.09%	—	—
SBI LIFE INSURANCE CO. LTD	Public	2.03%	—	—
HDFC LIFE INSURANCE COMPANYLIMITED -SHAREHOLDERS SOLVENCY MARGIN ACCOUNT	Public	1.95%	—	—
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C - ADITYA BIRLA SUN LIFE QUANT FUND	Public	1.71%	—	—
GOVERNMENT PENSION FUND GLOBAL	Public	1.55%	—	—
INVESCO INDIA FINANCIAL SERVICES FUND	Public	1.43%	—	—
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED	Promoter	1.16%	—	—
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	Public	1.12%	—	—
VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	Public	1.06%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

As per the disclosure attached18 Sep 2026 · Company Update / General
As per the disclosure attached11 Sep 2026 · Company Update / General
As per the disclosure attached9 Sep 2026 · Company Update / Analyst / Investor Meet
As per the disclosure attached25 Aug 2026 · Company Update / General
As per the disclosure attached25 Aug 2026 · Company Update / Newspaper Publication
As per the disclosure attached20 Aug 2026 · Company Update / Earnings Call Transcript
Scrutinizer Report and Voting Results of the 38th Annual General Meeting of the Company held on August 19, 202620 Aug 2026 · AGM/EGM / AGM
Summary of the proceedings of the Thirty-eighth Annual General Meeting of the Company held on August 19, 202619 Aug 2026 · AGM/EGM / AGM
Newspaper publications of unaudited financial results for the quarter ended June 30, 202615 Aug 2026 · Company Update / Newspaper Publication
As per the disclosure attached13 Aug 2026 · Company Update / General
As per the disclosure attached13 Aug 2026 · Company Update / General
As per Press Release attached13 Aug 2026 · Company Update / Press Release / Media Release
As per the Investor Presentation attached13 Aug 2026 · Company Update / Investor Presentation
As per the disclosure attached13 Aug 2026 · Result / Financial Results
Approval of unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
As per the disclosure attached8 Aug 2026 · Company Update / General
As per the disclosure attached7 Aug 2026 · Company Update / Analyst / Investor Meet
As per the disclosure attached4 Aug 2026 · Company Update / General
As per the disclosure attached4 Aug 2026 · Company Update / Analyst / Investor Meet
As per the disclosure attached1 Aug 2026 · Company Update / General
As per the disclosure attached28 Jul 2026 · Company Update / Newspaper Publication
As per the disclosure attached27 Jul 2026 · AGM/EGM / AGM
As per the disclosure attached27 Jul 2026 · Corp. Action / Book Closure
As per the disclosure attached.27 Jul 2026 · AGM/EGM / AGM
Business Responsibility and Sustainability Report for the financial year ended March 31, 202627 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the FY 2025-26 along with the Notice of the 38th Annual General Meeting is enclosed27 Jul 2026 · Others / Reg. 34 (1) Annual Report
As per the disclosure attached24 Jul 2026 · Company Update / Newspaper Publication
As per the disclosure attached8 Jul 2026 · Company Update / General
Declaration of Postal Ballot Results with respect to the Postal Ballot Notice dated May 12, 20266 Jul 2026 · AGM/EGM / Postal Ballot
As per the disclosure attached6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per the disclosure attached1 Jul 2026 · Company Update / General
As per the disclosure attached.25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Max Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve In terms of Regulation ....25 Jun 2026 · Board Meeting / Board Meeting
As per the disclosure attached6 Jun 2026 · Company Update / Newspaper Publication
As per the disclosure attached5 Jun 2026 · AGM/EGM / Postal Ballot
As per the disclosure attached1 Jun 2026 · Company Update / General
Annual Secretarial Compliance Report for the financial year ended March 31, 202621 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
As per the disclosure attached19 May 2026 · Company Update / Newspaper Publication
As per the disclosure attached14 May 2026 · Company Update / Newspaper Publication
As per the disclosure attached13 May 2026 · Company Update / General

Board meetings

13 Aug 2026 Board Meeting - Financial Results