Max Financial

When is the next results date for Max Financial?

No Upcoming Board Meetings

What does Max Financial do?

Max Financial Services Ltd is a holding company that primarily invests in Max Life Insurance Company, India's largest non-bank owned private life insurer. As of March 2025, it reported net sales of ₹12,376 Cr and a market cap of ₹52,033 Cr.

Overview:<BR>Max Financial Services Ltd is a holding company primarily engaged in making and managing investments in Max Life Insurance Company Limited, operating in the insurance industry and classified as a large-cap company.<BR><BR>History:<BR>Max Financial Services Ltd is part of the Max Group, which has a valuation of $4 billion. The company holds an 87% majority stake in Max Life Insurance, India's largest non-bank owned private life insurance company. The latest quarterly results reported are for March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 12,376 Cr (Quarterly Results - Mar 2025)<BR>Net Profit: 31 Cr (Quarterly Results - Mar 2025)<BR>Market Cap: Rs 52,033 Cr (Large Cap)<BR><BR>Key Metrics:<BR>P/E: 157.00<BR>Industry P/E: 23<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.19<BR>Return on Equity: 6.24%<BR>Price to Book: 9.82<BR><BR>Contact Details:<BR>Address: Bhai Mohan Singh Nagar, Railmajra Tehsil Balachaur Nawanshahr Punjab : 144533<BR>Tel: 91-01881-462000<BR>Email: investorhelpline@maxindia.com<BR>Website: http://www.maxfinancialservices.com

Has Max Financial declared dividend?

Yes, Max Financial Services Ltd has declared a dividend of 90% (₹1.8 per share) with an ex-date of September 19, 2016. However, the dividend yield is 0%, indicating that returns have primarily come from price appreciation rather than dividend income.

Max Financial Services Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 90%<BR>- Amount per share: 1.8<BR>- Ex-date: Sep-19-2016<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was 30.15%, the dividend return was 0%, resulting in a total return of 30.15%.<BR><BR>In the 1-year period, the price return was 63.09%, the dividend return was 0%, resulting in a total return of 63.09%.<BR><BR>In the 2-year period, the price return was 119.47%, the dividend return was 0%, resulting in a total return of 119.47%.<BR><BR>In the 3-year period, the price return was 85.7%, the dividend return was 0%, resulting in a total return of 85.7%.<BR><BR>In the 4-year period, the price return was 58.23%, the dividend return was 0%, resulting in a total return of 58.23%.<BR><BR>In the 5-year period, the price return was 219.9%, the dividend return was 0%, resulting in a total return of 219.9%.<BR><BR>Overall, while Max Financial Services Ltd has declared a dividend, the dividend yield remains at 0%, indicating that the returns have been primarily driven by price appreciation rather than dividend income. The total returns over various periods show significant growth, particularly over the 5-year period.

Who are the peers of the Max Financial?

Max Financial's peers include SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life, ICICI Lombard, Go Digit General, New India Assurance, Star Health Insurance, and Niva Bupa Health. Max Financial has the highest 1-year return at 62.36%, while New India Assurance has the lowest at -22.35%.

Peers: The peers of Max Financial are Life Insurance, SBI Life Insuran, HDFC Life Insur., ICICI Pru Life, ICICI Lombard, Go Digit General, New India Assura, Star Health Insu, and Niva Bupa Health.<BR><BR>Quality Snapshot: Excellent management risk is observed at ICICI Lombard, while Average management risk is found at Life Insurance, SBI Life Insuran, HDFC Life Insur., ICICI Pru Life, Max Financial, Go Digit General, Star Health Insu, and Niva Bupa Health, and Below Average management risk is noted at New India Assura. Growth is Excellent at Go Digit General and Niva Bupa Health, Average at SBI Life Insuran, HDFC Life Insur., ICICI Pru Life, Max Financial, ICICI Lombard, and Star Health Insu, and Below Average at Life Insurance and New India Assura. Capital Structure is Excellent across all peers.<BR><BR>Return Snapshot: Max Financial has a 1-year return of 62.36%, which is the highest among its peers, while New India Assura has the lowest at -22.35%. The six-month return is negative for New India Assura and Medi Assist Ser.

Is Max Financial overvalued or undervalued?

As of January 2, 2025, Max Financial is considered very expensive and overvalued with a PE ratio of 158.37 and significantly higher valuation ratios compared to industry peers, indicating that investors may be overestimating its future growth potential despite recent strong stock performance.

As of 2 January 2025, the valuation grade for Max Financial has moved from fair to very expensive. The company is currently deemed overvalued based on its high valuation ratios, including a PE ratio of 158.37, an EV to EBIT of 111.74, and an EV to EBITDA of 111.04. These figures starkly contrast with its peers, such as Life Insurance, which has a PE ratio of 12.54 and an EV to EBITDA of 9.89, indicating a significant premium for Max Financial compared to the industry average.<BR><BR>In comparison to other competitors, Bajaj Finance is also categorized as very expensive with a PE ratio of 35.01, while SBI Life Insurance is considered very attractive with a PE of 74.03. Given these metrics, Max Financial's current valuation appears unsustainable, especially when considering its relatively low ROE of 6.24% and ROCE of 9.00%. Although the stock has outperformed the Sensex over various time frames, including a 60.80% return over the past year compared to the Sensex's 7.62%, the current valuation suggests that investors may be overestimating future growth potential.

Who are in the management team of Max Financial?

As of March 2023, the management team of Max Financial includes Aman Mehta, Dinesh Kumar Mittal, Analjit Singh (Chairman), Sahil Vachani, Jai Arya, Charles Richard Vernon Stagg, Hideaki Nomura, Mitsuru Yasuda, K Narasimha Murthy, and Gauri Padmanabhan, featuring a mix of executive and independent directors.

As of March 2023, the management team of Max Financial includes the following individuals:<BR><BR>1. Aman Mehta - Non-Executive & Independent Director<BR>2. Dinesh Kumar Mittal - Non-Executive & Independent Director<BR>3. Analjit Singh - Chairman (Non-Executive)<BR>4. Sahil Vachani - Non-Executive Director<BR>5. Jai Arya - Non-Executive & Independent Director<BR>6. Charles Richard Vernon Stagg - Non-Executive & Independent Director<BR>7. Hideaki Nomura - Director<BR>8. Mitsuru Yasuda - Director<BR>9. K Narasimha Murthy - Independent Director<BR>10. Gauri Padmanabhan - Independent Director<BR><BR>This diverse board comprises both executive and independent members, contributing to the governance of the company.

Who are the top shareholders of the Max Financial?

The top shareholders of Max Financial include foreign institutional investors (FIIs) with 44.75% and mutual funds with 39.88%. Mitsui Sumitomo Insurance Company Limited is the largest public shareholder at 21.86%, while Max Ventures Investment Holdings Private Limited is the main promoter with 1.62%.

The top shareholders of Max Financial include a mix of foreign institutional investors (FIIs) and mutual funds. FIIs hold a significant portion, accounting for 44.75% of the shares. Mutual funds are also substantial shareholders, with 39.88% held across 32 schemes. <BR><BR>Among individual shareholders, Mitsui Sumitomo Insurance Company Limited stands out as the highest public shareholder, holding 21.86% of the shares. The promoter with the highest holding is Max Ventures Investment Holdings Private Limited, which holds 1.62%. Additionally, individual investors collectively own 4.58% of the company. <BR><BR>Overall, the majority of the shares are held by FIIs, indicating strong foreign interest in Max Financial.

How big is Max Financial?

As of 24th July, Max Financial Services Ltd has a market capitalization of 53,120.00 Cr, with Net Sales of 46,469.66 Cr and a Net Profit of 327.20 Cr for the latest four quarters. Shareholder's Funds are 3,865.93 Cr, and Total Assets are 1,62,771.13 Cr as of March 2024.

As of 24th July, Max Financial Services Ltd has a market capitalization of 53,120.00 Cr, categorizing it as a Large Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 46,469.66 Cr and a Net Profit of 327.20 Cr.<BR><BR>For the latest annual period ending March 2024, Shareholder's Funds amounted to 3,865.93 Cr, while Total Assets were reported at 1,62,771.13 Cr.

Are Max Financial latest results good or bad?

Max Financial's latest results are disappointing, with a 45.44% decline in Profit Before Tax and a 45.2% drop in Profit After Tax year-on-year, alongside slowed net sales growth of 8.67%. Overall, the financial performance indicates significant challenges and can be characterized as poor.

Max Financial Services has reported disappointing results for the quarter ending June 2025. The company's Profit Before Tax (PBT) decreased significantly by 45.44% year-on-year, amounting to Rs 98.76 crore. Similarly, the Profit After Tax (PAT) also saw a sharp decline of 45.2%, reaching Rs 70.09 crore. <BR><BR>In addition to these declines, the company's net sales growth has slowed to 8.67%, down from 28.69% in the previous year. The overall financial score for Max Financial has worsened, dropping to -9 from -1 over the past three months, indicating ongoing challenges in maintaining profitability and operational efficiency.<BR><BR>Overall, these results suggest that Max Financial is currently facing significant hurdles, and the financial performance can be characterized as poor.

How has been the historical performance of Max Financial?

Max Financial's net sales reached 46,468.91 Cr in March 2025, showing growth from the previous year despite a slight decline from March 2024. While profit before tax and profit after tax increased, consolidated net profit fell to 327.21 Cr, indicating profitability challenges despite improved sales and cash flow.

Answer:<BR>Max Financial has shown a varied historical performance over the years, with net sales reaching 46,468.91 Cr in March 2025, slightly down from 46,575.62 Cr in March 2024 but significantly higher than 31,412.67 Cr in March 2023. The total operating income mirrored this trend, with a peak in March 2024 before a slight decline in March 2025. The operating profit (PBDIT) for March 2025 was 452.97 Cr, down from 462.85 Cr in the previous year, while profit before tax increased to 450.10 Cr from 416.10 Cr. The profit after tax also saw a rise to 406.74 Cr in March 2025 from 393.52 Cr in March 2024. However, the consolidated net profit decreased to 327.21 Cr in March 2025 from 340.08 Cr in March 2024, reflecting a decline in profitability despite an increase in sales. <BR><BR>In terms of assets and liabilities, total assets rose to 1,89,998.69 Cr in March 2025 from 1,62,771.45 Cr in March 2024, while total liabilities also increased to 1,89,998.69 Cr from 1,62,771.45 Cr. The company’s cash flow from operating activities improved to 8,351.00 Cr in March 2025 from 6,104.00 Cr in March 2024, contributing to a net cash inflow of 609.00 Cr, although this was lower than the previous year's inflow of 986.00 Cr. Overall, while Max Financial has experienced growth in sales and operating cash flow, its profitability metrics have shown some fluctuations, indicating a need for strategic adjustments moving forward. <BR><BR>Breakdown:<BR>Max Financial's net sales have shown a consistent upward trend, reaching 46,468.91 Cr in March 2025, although this represents a slight decline from the previous year. The total operating income followed a similar pattern, peaking in March 2024 before a minor drop. Operating profit (PBDIT) decreased to 452.97 Cr in March 2025, while profit before tax increased to 450.10 Cr, indicating improved operational efficiency despite lower sales. Profit after tax rose to 406.74 Cr, yet the consolidated net profit fell to 327.21 Cr, reflecting challenges in maintaining profitability. On the balance sheet, total assets increased significantly to 1,89,998.69 Cr, alongside a rise in total liabilities, indicating a growing financial footprint. Cash flow from operating activities improved, leading to a net cash inflow, although it was lower than the previous year, suggesting potential areas for improvement in cash management.

How has been the historical performance of Max Financial?

Max Financial's historical performance shows fluctuating net sales, peaking at 46,468.91 Cr in March 2025, with operating profit rising to 472.00 Cr, despite a slight decline in profit after tax to 406.74 Cr. Total assets increased significantly, indicating growth, while cash flow from operations improved, enhancing liquidity.

Answer:<BR>Max Financial's historical performance shows a fluctuating trend in net sales and profits over the years, with net sales reaching 46,468.91 Cr in March 2025, a slight decrease from 46,575.62 Cr in March 2024, but a significant increase from 31,412.67 Cr in March 2023. The total operating income mirrored this trend, with 46,468.91 Cr in March 2025 compared to 46,575.62 Cr in the previous year. Operating profit (PBDIT) excluding other income was 472.00 Cr in March 2025, up from 424.93 Cr in March 2024, although it was lower than the 550.90 Cr recorded in March 2023. Profit before tax also showed a positive trend, increasing to 450.10 Cr in March 2025 from 416.10 Cr in March 2024, while profit after tax was 406.74 Cr in March 2025, slightly up from 393.52 Cr in March 2024. The consolidated net profit for March 2025 was 327.21 Cr, down from 340.08 Cr in March 2024. The company's total assets grew to 1,89,998.69 Cr in March 2025 from 1,62,771.45 Cr in March 2024, while total liabilities also increased to 1,89,998.69 Cr from 1,62,771.45 Cr in the same period. Cash flow from operating activities improved to 8,351.00 Cr in March 2025 from 6,104.00 Cr in March 2024, contributing to a net cash inflow of 609.00 Cr in March 2025.<BR><BR>Breakdown:<BR>Max Financial's net sales have shown a general upward trajectory, peaking at 46,468.91 Cr in March 2025, although it experienced a slight decline from the previous year. The operating profit, while fluctuating, increased to 472.00 Cr in March 2025, indicating improved operational efficiency despite a drop in profit after tax to 406.74 Cr. The total assets of the company have significantly increased, reflecting growth in its financial base, while total liabilities rose correspondingly, indicating a potential increase in leverage. Cash flow from operating activities also saw a positive shift, enhancing the company's liquidity position. Overall, while there are fluctuations in profitability, the growth in sales and assets suggests a robust operational framework for Max Financial.

Should I buy, sell or hold Max Financial?

Is Max Financial technically bullish or bearish?

As of December 4, 2025, Max Financial's trend is mildly bullish, supported by bullish MACD and moving averages, but tempered by bearish momentum in the weekly RSI and mixed signals from KST, indicating a cautious outlook.

As of 4 December 2025, the technical trend for Max Financial has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on both weekly and monthly time frames, and bullish moving averages on the daily chart. However, the weekly RSI indicates bearish momentum, which tempers the overall bullish outlook. The Bollinger Bands are also showing a mildly bullish trend on both weekly and monthly charts. KST is mildly bearish on the weekly but bullish on the monthly, indicating mixed signals. Dow Theory shows no trend on both weekly and monthly time frames, and OBV is neutral. Overall, while there are bullish indicators, the presence of bearish signals in the RSI and KST suggests caution.

Why is Max Financial Services Ltd falling/rising?

As of 01-Feb, Max Financial Services Ltd's stock price is falling, down by -3.45 (-0.21%), despite outperforming its sector. This decline is driven by negative financial results, reduced investor participation, and broader sector declines.

As of 01-Feb, Max Financial Services Ltd's stock price is currently falling, as indicated by a change of -3.45 (-0.21%). The stock opened the day with a loss of -2.49% and touched an intraday low of Rs 1571.25. This decline is occurring despite the stock outperforming its sector by 2.46% today, highlighting a complex market environment.<BR><BR>The broader context reveals that the finance/NBFC sector has fallen by -2.68%, which may be contributing to the downward pressure on Max Financial's stock. Additionally, there has been a decrease in investor participation, with delivery volume falling by -0.92% compared to the 5-day average. This suggests a lack of confidence among investors, which can further exacerbate price declines.<BR><BR>Financial performance indicators also paint a concerning picture. The company has reported negative results for the last two consecutive quarters, with net sales falling by -26.77% and a significant drop in profits. Specifically, the profit before tax has decreased by -100.43%, and the profit after tax has fallen by -96.3%. Such poor financial results, combined with a high price-to-book value of 10.5, indicate that the stock is trading at a premium compared to its peers, which may deter potential investors.<BR><BR>While the stock has shown strong long-term performance with a 48.75% return over the past year, this has occurred alongside a -52.6% decline in profits, raising concerns about sustainability. The combination of negative financial results, reduced investor participation, and sector-wide declines are key factors contributing to the current fall in Max Financial Services Ltd's stock price.

Which are the latest news on Max Financial?