Max Financial Services Ltd. (MFSL) fundamentals
Max Financial Services Ltd. is a listed company in Insurance, part of the Financial Services sector, listed on the NSE as MFSL (ISIN INE180A01020). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.
What Max Financial Services Ltd. does
Max Financial Services Limited is an India-based holding company. The Company is primarily engaged in growing and nurturing business investments and providing management advisory services to its group companies. Its business is categorized into two segments: Life Insurance and Business Investments and Others. The Life Insurance segment represents the life insurance business conducted across India by the Company’s subsidiary. The Business Investments and others segment is represented by treasury investments. The Company has an investment in its subsidiary, Axis Max Life Insurance Limited, which is a non-bank private life insurance company engaged in the business of life insurance and annuities. The subsidiary offers participating, non-participating, and linked products covering life insurance, pensions, and health benefits, including riders for individual and group segments. These products are distributed through individual agents, corporate agents, banks, brokers, and other channels.
Valuation and market data
| Last close | ₹1477.00 |
|---|---|
| Market capitalisation | ₹62,974 crore |
| Enterprise value | ₹59,736 crore |
| P/E (TTM) | 602.86 |
| Price to book | 9.81 |
| Price to sales (TTM) | 1.26 |
| Book value per share | ₹150.57 |
| Dividend yield | 0.00% |
| Sector | Financial Services |
| Industry | Insurance |
| Listed since | Wed May 17 |
Annual results
| Period | Revenue | Profit before tax | Net profit | EPS |
|---|---|---|---|---|
| Mar 2026 | ₹31 crore | ₹8 crore | ₹6 crore | 0.17 |
| Mar 2025 | ₹16 crore | ₹-9 crore | ₹-9 crore | -0.27 |
| Mar 2024 | ₹22 crore | ₹-12 crore | ₹-11 crore | -0.33 |
| Mar 2023 | ₹58 crore | ₹19 crore | ₹14 crore | 0.40 |
| Mar 2022 | ₹202 crore | ₹147 crore | ₹103 crore | 2.97 |
Figures are as reported (standalone), in ₹ crore.
Shareholding pattern
As of Jun 2026:
| Promoters | 1.3% |
|---|---|
| Foreign institutions (FII) | 48.1% |
| Mutual funds | 36.8% |
| Other domestic institutions | 7.6% |
| Retail and others | 6.3% |
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Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.