Max Financial Services Ltd Stock Price Today (NSE: MFSL)
Fundamental Score
Max Financial Services Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Max Financial Services Ltd share price today is ₹1617.90, up +1.01% on NSE/BSE as of 22 May 2026. Max Financial Services Ltd (MFSL) is a Large-cap company in the Life Insurance sector with a market capitalisation of ₹59.14K (Cr). The 52-week high for MFSL share price is ₹N/A and the 52-week low is ₹1380.90. At a P/E ratio of 362.14x, MFSL is currently trading above its industry average P/E of 83.91x. The company has a Return on Equity (ROE) of 7.26% and a debt-to-equity ratio of 0.34.
Max Financial Services Ltd Share Price Chart — NSE/BSE Historical Performance
Max Financial Services Ltd share price chart: -4.20% return over the past month. 52-week high ₹N/A, 52-week low ₹1380.90.
Max Financial Services Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹1619.00 | ₹1640.10 | ₹1603.70 | ₹1617.90 | 6.42L (Cr) | |
| ₹1575.00 | ₹1611.00 | ₹1560.00 | ₹1601.70 | 4.91L (Cr) | |
| ₹1624.40 | ₹1625.50 | ₹1593.20 | ₹1604.00 | 5.90L (Cr) | |
| ₹1606.00 | ₹1642.70 | ₹1605.60 | ₹1631.40 | 8.36L (Cr) | |
| ₹1670.50 | ₹1698.80 | ₹1590.10 | ₹1597.90 | 11.51L (Cr) | |
| ₹1690.10 | ₹1694.10 | ₹1640.60 | ₹1653.70 | 5.58L (Cr) | |
| ₹1694.00 | ₹1703.90 | ₹1677.00 | ₹1695.50 | 9.35L (Cr) | |
| ₹1718.80 | ₹1718.80 | ₹1686.10 | ₹1699.70 | 6.34L (Cr) | |
| ₹1658.00 | ₹1716.80 | ₹1642.30 | ₹1707.40 | 6.83L (Cr) | |
| ₹1604.90 | ₹1657.00 | ₹1604.90 | ₹1652.80 | 6.12L (Cr) |
Max Financial Services Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹1585.70 | ₹1718.80 | ₹1560.00 | ₹1617.90 | +2.03% | |
| ₹1515.10 | ₹0.00 | ₹0.00 | ₹1585.70 | +4.66% | |
| ₹1765.50 | ₹1828.20 | ₹1473.60 | ₹1490.70 | -15.56% | |
| ₹1601.90 | ₹1892.50 | ₹1601.90 | ₹1813.40 | +13.20% | |
| ₹1677.50 | ₹1752.20 | ₹1561.40 | ₹1613.60 | -3.81% | |
| ₹1709.60 | ₹1724.90 | ₹1625.40 | ₹1671.80 | -2.21% | |
| ₹1531.00 | ₹1751.40 | ₹1531.00 | ₹1702.10 | +11.18% | |
| ₹1566.00 | ₹1647.90 | ₹1501.90 | ₹1546.50 | -1.25% | |
| ₹1618.20 | ₹1662.90 | ₹1534.90 | ₹1575.90 | -2.61% | |
| ₹1497.30 | ₹1674.80 | ₹1451.10 | ₹1602.20 | +7.01% | |
| ₹1637.80 | ₹1666.90 | ₹1481.00 | ₹1501.40 | -8.33% | |
| ₹1502.70 | ₹1659.70 | ₹1470.00 | ₹1647.10 | +9.61% |
AI Research Briefing
Powered by Gemini · 2026-04-22
Overvalued bet on Axis Max Life growth story; Q3 miss a red flag.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Max Financial Services (MFSL) is showing mixed signals. Q3 FY26 net profit declined 96% YoY to , attributed to lower earnings from Axis Max Life. However, MFSL board approved raising up to via QIP to fund Axis Max Life's growth.
CORE STORY (THE REAL GAME)
MFSL is a bet on the long-term growth of India's life insurance sector, primarily through its stake in Axis Max Life. The market narrative hinges on Axis Max Life's ability to capture market share and deliver profitable growth, leveraging its partnership with Axis Bank.
- ₹2,000 crore QIP to fund growth
- Axis Max Life premium growth
- Potential merger with Axis Max Life
- Axis Max Life market share gains
- Successful integration post-merger
- IRDAI policy changes favoring private players
- High P/E ratio
- Reliance on Axis Bank channel
- Sharp decline in Q3 profit
FII increased holdings slightly (Δ 0.07%) [cite: brief], DII decreased slightly (Δ -0.03%) [cite: brief] - mixed signals.
Life insurance sector entering a phase of 'maturity, intent and structural depth', but GST could impact margins.
Yes - Free Cash Flow 5Y: ₹38948.69 Cr [cite: brief]
Next 3-6 months hinge on Axis Max Life's Q4 performance and progress on the QIP. Watch for management commentary on margin improvement.
Primary Thesis Risk
Axis Max Life fails to deliver profitable growth.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Max Financial Services Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Max Financial Services Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of MFSL across key market metrics for learning purposes.
Positive Indicators
5 factors identified
Consistent Growth Track Record (20.57% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Strong Profit Growth Track Record (18.01% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Strong Cash Generation (₹38948.69 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Strong Institutional Confidence (FII+DII: 92.04%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
8 factors identified
Below-Average Return on Equity (7.26%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (8.13%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (1.31%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Premium Valuation Risk (P/E: 362.14x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Profit Decline Concern (-96.33%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Revenue Contraction (-26.77%)
Observation: Sales decline may indicate market challenges or competitive pressures.
Analysis: Negative revenue growth requires analysis of market conditions.
Low Promoter Commitment (1.71%)
Observation: Reduced promoter stake may indicate limited confidence.
Analysis: Low promoter holding may raise questions about management commitment.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Max Financial Services Ltd vs Life Insurance Peers
Peer Comparison - Life Insurance
Compare Max Financial Services Ltd with 4 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
29.1/100 | ₹1617.90₹1618 | ₹59142.39₹59142.39 | 362.14Average 362.1 Average | 7.26%Poor 7.26% Poor | 8.13%Poor 8.13% Poor | 0.34Excellent 0.3 Excellent | 18.01%Excellent 18.01% Excellent | 20.57%Excellent 20.57% Excellent | 0.00% | |
64.3/100 | ₹803.50₹804 | ₹558084.03₹558084.03 | 10.92Average 10.9 Average | 45.72%Excellent 45.72% Excellent | 53.13%Excellent 53.13% Excellent | 0.00Excellent 0.0 Excellent | 77.68%Excellent 77.68% Excellent | 7.22%Good 7.22% Good | 1.36% | |
SBI Life Insurance Co LtdSBI Life Insura... SBILIFE • 540719 | 47.1/100 | ₹1881.40₹1881 | ₹197472.38₹197472.38 | 80.49Average 80.5 Average | 15.13%Good 15.13% Good | 16.88%Good 16.88% Good | 0.00Excellent 0.0 Excellent | 11.28%Good 11.28% Good | 21.69%Excellent 21.69% Excellent | 0.14% |
HDFC Life Insurance Company LimitedHDFC Life Insur... HDFCLIFE • 540777 | 40.7/100 | ₹610.40₹610 | ₹165332.90₹165332.90 | 87.32Average 87.3 Average | 10.80%Average 10.80% Average | 6.58%Poor 6.58% Poor | 0.14Excellent 0.1 Excellent | 5.10%Good 5.10% Good | 25.90%Excellent 25.90% Excellent | 0.27% |
ICICI Prudential Life Insurance Company LimitedICICI Prudentia... ICICIPRULI • 540133 | 39.8/100 | ₹522.15₹522 | ₹90053.94₹90053.94 | 68.90Average 68.9 Average | 10.43%Average 10.43% Average | 11.94%Average 11.94% Average | 0.20Excellent 0.2 Excellent | 2.31%Average 2.31% Average | 27.48%Excellent 27.48% Excellent | 0.14% |
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Max Financial Services Ltd PE Ratio History
Historical price-to-earnings ratio for MFSL — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹9.53 | ₹1671.80 | 175.4x |
| FY 2024 | ₹9.90 | ₹1113.90 | 112.5x |
| FY 2023 | ₹10.97 | ₹954.30 | 87x |
| FY 2022 | ₹7.34 | ₹677.50 | 92.3x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Max Financial Services Ltd Dividend History
Annual cash dividends paid by MFSL — dividend yield N/A
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2022 | ₹32.07 Cr |
| FY 2021 | ₹13.78 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Max Financial Services Ltd Quarterly Performance
Latest quarterly metrics for MFSL — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
-26.77%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-96.33%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
20.57%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
18.01%
Compounded annual net profit growth over 5 years
Max Financial Services Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for MFSL — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Max Financial Services Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Max Financial Services Ltd (MFSL) — sourced from NSE/BSE filings.
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About MFSL (Max Financial Services Ltd)
Max Financial Services Ltd is a prominent player in the Indian life insurance landscape, holding a substantial stake in Max Life Insurance, its key subsidiary. Through Max Life, th...e company navigates the complexities of the insurance market, focusing on delivering a diverse portfolio of products designed to meet varying customer needs. These range from traditional life insurance plans offering assured returns to market-linked investment options that allow customers to participate in the growth of the financial markets. Max Financial Services steers Max Life towards innovation and customer-centricity, aiming to provide financial security and long-term wealth creation solutions to a broad spectrum of the population. The company operates with a strong commitment to ethical practices and responsible investment strategies. Max Life Insurance, under the guidance of Max Financial Services, distributes its insurance products through a multi-channel approach to maximize reach and accessibility. This encompasses a large network of individual agents who provide personalized advice and support, partnerships with corporate agents that offer tailored solutions to businesses, strategic alliances with banks to leverage their extensive customer base, and collaborations with brokers to tap into specialized markets. In addition to these traditional channels, Max Life embraces digital platforms and online distribution, catering to the evolving preferences of tech-savvy consumers. This diversified approach enables Max Life to effectively connect with and serve a wide array of customers across different demographics and geographical locations in India. Beyond its core life insurance operations, Max Financial Services engages in strategic treasury management activities, optimizing its investment portfolio to ensure sustainable growth and stability. These activities are carefully managed to balance risk and return, supporting the company's long-term financial obligations to policyholders. Furthermore, Max Financial Services is committed to contributing to the overall development of the Indian insurance sector through thought leadership, industry collaborations, and adherence to the highest standards of regulatory compliance. By focusing on innovation, customer satisfaction, and responsible business practices, Max Financial Services aims to strengthen its position as a leading and trusted provider of life insurance solutions in India.
Company Details
Key Leadership
Corporate Events
Latest News
MFSL Share Price: Frequently Asked Questions
What is the current share price of Max Financial Services Ltd?
Max Financial Services Ltd (MFSL) trades at ₹1617.90 on NSE and BSE. Market cap ₹59.14K (Cr). Educational data only.
What is the P/E ratio of Max Financial Services Ltd?
Max Financial Services Ltd has a P/E of 362.14x vs industry average 83.91x.
What is the Bull Run score for Max Financial Services Ltd?
Max Financial Services Ltd has a Bull Run score of 29.1/100 based on 25+ financial parameters.
Does Max Financial Services Ltd pay dividends?
Max Financial Services Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Max Financial Services Ltd?
Max Financial Services Ltd has ROE of 7.26%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Max Financial Services Ltd?
Max Financial Services Ltd has debt-to-equity of 0.34.
Is Max Financial Services Ltd a good investment?
Bull Run gives Max Financial Services Ltd a score of 29.1/100. This is not investment advice — consult a SEBI-registered advisor.