Max Financial Services Limited
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
Nothing crossed the threshold for this company yet — see the data-coverage note below.
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Insurance › Life Insurance.
- Market cap
- ₹47,595 cr
- FY2026 net premium
- ₹31 cr
- FY2026 net profit
- —
- Net worth
- —
- Total assets
- ₹6,764 cr
- EPS (basic)
- —
- Listed
- NSE · BSE
- Reporting
- IRDAIApr–Mar
Peer set used on this page: 4 life insurance.
Is the business growing?
Net premium and profit over the loaded history are shown above.
- Net premium growth per year
- −28.4%over 7 years
- Net premium growth
- —vs last year
- Net profit growth
- —vs last year
- Change in net profit since FY19
- —
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Q1 FY27 net profit was ₹118 cr, up 36.8% from ₹86 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Q1 FY27 net profit grew 36.8% vs the same quarter last year, reversing the decline seen in the two preceding quarters (−35.9% and −182.3%).
Rule QTR_TREND_REVERSAL
Q1 FY27 EBIT was ₹173 cr, up 43.2% from ₹121 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
A. Quarterly results
| Quarter | Net premium | YoY | Net profit | YoY |
|---|---|---|---|---|
| Q2 FY25 | — | — | 139 | — |
| Q3 FY25 | — | — | 70 | −59.2% |
| Q4 FY25 | — | — | 38 | −176.4% |
| Q1 FY26 | — | — | 86 | −44.6% |
| Q2 FY26 | — | — | 6 | −95.8% |
| Q3 FY26 | — | — | 45 | −35.9% |
| Q4 FY26 | — | — | −32 | −182.3% |
| Q1 FY27 | — | — | 118 | +36.8% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Net premium
- —TTM
- PBT
- ₹156 crTTM
- Net profit
- ₹137 crTTM
C. Corporate actions
Is it becoming more profitable?
The metrics this section charts aren't mapped for this company's sector yet — see the data-coverage note in section 10.
- Net margin
- —
- Expense ratio
- —
- Benefits / premium
- —
- ROE FY2026
- —
Is financial health improving?
The metrics this section charts aren't mapped for this company's sector yet — see the data-coverage note in section 10.
- Net worth
- —
- Total assets
- ₹6,764 cr
- Investments
- ₹6,695 cr
- Policyholders' surplus
- —
How does it compare with peers?
Ranked against 4 life insurance (FY2026, consolidated). No peer-relative rule fired for this company.
Revenue growth
MFSL · set median 11.3%
Return on equity
MFSL · set median 13.7%
P/E ratio
MFSL · 4th of 4 · set median 62.4×
- P / E
- 346.4×TTM to Jun 26
- P / B
- —latest book
- P / S
- 1.0×TTM sales
- Earnings yield
- 0.3%TTM to Jun 26
On the trailing twelve months. Last full year: · P/S 1.0×.
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- −14.5%
- 3-year return
- +52.4%
- 5-year return
- +36.9%
- From 52-wk high
- −25.9%
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹1,516
- vs 200-day avg
- Below₹1,621
- RSI (14)
- 37.0neutral
- MACD histogram
- -14.1
- From 52-wk high
- −25.9%
- From 52-wk low
- +0.6%
- 30-day volatility
- 42.9%ann.
- 6-month return
- −7.0%
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
- Insurer-specific metrics (APE, VNB, embedded value, solvency ratio) are not yet mapped — profitability insights are unavailable.
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Total income | 318 | 495 | 308 | 202 | 58 | 22 | 16 | 31 |
| Investments | 2,131 | 2,468 | 6,616 | 6,723 | 6,695 | 6,699 | 6,689 | 6,695 |
| Operating cash flow | — | — | −1 | 86 | −34 | −8 | −3 | −13 |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||
| Net premium growth YoY | — | — | — | — | — | — | — | — |
| Profit growth YoY | — | — | — | — | — | — | — | — |
| Profitability & efficiency | ||||||||
| Net margin % | — | — | — | — | — | — | — | — |
| Expense ratio % | — | — | — | — | — | — | — | — |
| Benefits / premium % | — | — | — | — | — | — | — | — |
| Return on equity % | — | — | — | — | — | — | — | — |