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Max Financial Services Ltd share Price

Company details

685.05
699.65
599.10
885.00
6M Return -1.98%
1Y Return -14.55%
Mkt Cap.(Cr) 23,890.59
Volume 481,437
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 481,437
NSE

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Max Financial Services Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Max Financial Services Ltd.

Life Insurance company Max Financial Services announced Q4FY23 & FY23 results:

  • New Business Premium for FY23 at Rs 8,960 crore, up 13%, proprietary channels grew 43%
  • Gross Premium for FY23 is Rs 25,342 crore, up 13%
  • Embedded Value at Rs 16,263 crore; Operating RoEV of 22.1% for FY23
  • New Business Margin (NBM) for FY23 at 31.2%, up 380 bps
  • Value of New Business for FY23 at Rs 1,949 crore, up 28%
  • Assets Under Management (AUM) for FY23 at Rs 1,22,857 crore, up 14%
  • Consolidated revenues in FY23 of Rs 31,431 crore, grew 1% mainly due to lower investment income, excluding investment income, consolidated revenues grew by 13% in FY23
  • Consolidated Profit after Tax (PAT) stood at Rs 452 crore, grew 42% in FY23
  • During Q4FY23, consolidated revenues grew 11% to Rs 9,934 crore, due to higher investment income

Prashant Tripathy, Managing Director, Max Life Insurance Company, said, “Through our continued focus on introducing innovative products, expanding distribution strength across channels, and driving a balanced product mix, we delivered strong growth in Q4FY23. Our commitment to accelerate channel growth remains steadfast, and we are also actively seeking strategic partnerships to further boost our market share."

 

 

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FINANCIALS

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Operating Profit
Profit after Tax
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Max Financial Services Ltd Stocks COMPARISION

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INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,934.61 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 4,188.45 35,624.98
LAST 3M 15,476.00 58,211.56
LAST 6M 62,880.13 40,205.86
LAST 12M 117,744.22 87,447.13

Max Financial Services Ltd Information

Stock PE (TTM)
63.55
Promoter Holding
10.15%
Book Value
101.9528
ROCE
7.94%
ROE
6.44%
Description

  • Max Financial Services Ltd is in the Finance sector is having a market capitalization worth Rs. 35,766.89 crores, it was formed after the demerger of Max India in the year 2016. It has reported consolidated sales of Rs. 5,942.05 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500271, and also listed on the National Stock Exchange (NSE) with the code MFSL.

    Max Financial Services Ltd was formed in 2016 after the mega-corporate restructure of Max India. Max India was demerged into three separate entities based on the area of operation, i.e., Max Financial Services (life insurance), Max India (healthcare and allied business), and Max Ventures and Industries (manufacturing industries and industrial ventures). Max Financial Services Ltd has a sole subsidiary under the name of Max Life Insurance. Max Life Insurance is a collaboration between Mitsui Sumitomo Insurance and Max Financial Services (a Japanese company). Max Life Insurance offers comprehensive long-term savings solutions and retirement solutions to its customers. The promoters of the company own 14.72% of the stake in the company, Foreign Institutional Investors (FII) own 26.33%, Domestic Institutional Investors (DII) own 50.72% stake in the company, and others (such as public & retail investors) hold the balance of 8.23%.

    In June 2021, quarterly net revenue was Rs. 157.49 crores, which has increased sharply by approximately 1604.44 % from Rs. 9.24 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 97.52 crores, which has improved sharply and increased by nearly 545.50% from a net loss of Rs. 21.89 crores in June 2020. In June 2021, the reported operating profit was at Rs. 152.05 crores, which is also increased sharply by 1014.86% as compared to an operating loss of Rs. 16.62 crores for the quarter ending in June 2020. From a negative EPS of Rs. 0.81 in June 2020, the EPS of Max Financial Services Ltd has improved positively and reached Rs. 2.83 per share in June 2021. MFSL's stock closed at Rs. 1036.40 on 20th August’2021 (NSE) and has returned 19.19% in the last six months and 90.81% in the previous year.

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Registered Address

Bhai Mohan Singh Nagar, Railmajra Tehsil Balachaur, Nawanshahr, Punjab, 144533

Tel : 91-01881-462000
Email : investorhelpline:maxindia.com
Website : http://www.maxfinancialservices.com
Registrar

MAS Services Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500271
NSE Code : MFSL
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE180A01020

FAQ’s on Max Financial Services Ltd Shares

You can buy Max Financial Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Max Financial Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 05, 2023 03:49 PM the closing price of Max Financial Services Ltd was ₹ 692.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 05, 2023 03:49 PM, the market cap of Max Financial Services Ltd stood at ₹ 23,890.59.

The latest PE ratio of Max Financial Services Ltd as of Jun 05, 2023 03:49 PM is 63.55

The latest PB ratio of Max Financial Services Ltd as of Jun 05, 2023 03:49 PM is 0.15

The 52-week high of Max Financial Services Ltd is ₹ 885.00 while the 52-week low is ₹ 599.10

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