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Max Financial Services Ltd share Price Today

Company details

1,018.85
1,063.10
599.10
1,067.50
6M Return 12.93%
1Y Return 66.64%
Mkt Cap.(Cr) 36,592.54
Volume 2,112,037
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 2,112,037

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Life Insurance company Max Financial Services announced 9MFY24 results:

  • In 9MFY24, the company generated a consolidated revenue of Rs 31,720 crore, grew 48% over the previous year, excluding investment income consolidated revenues grew 16%
  • Consolidated PAT at Rs 443 crore, grew 11% YoY
  • Individual Adjusted First Year Premium reached Rs 4,285 crore, marking a notable increase of 19%. Proprietary channels witnessed exceptional growth of 44%.
  • Gross Written Premium amounted to Rs 18,793 crore, reflecting a robust growth of 16%.
  • Embedded Value stood at Rs 18,709 crore, with Operating Return on Embedded Value at approximately 18.6%.
  • Value of New Business reached Rs 1,152 crore, with New Business Margin (NBM) at 25.3%.
  • Assets Under Management (AUM) totaled Rs 1,42,621 crore, showing a substantial growth of 20%.
  • Regarding the Axis Transaction, applications have been filed for regulatory approvals, and shareholder's and PFRDA approval has been received.

Prashant Tripathy, CEO and Managing Director, Max Life Insurance, said, “Building on our strong base, we delivered another solid quarter. Innovation and expanding proprietary channels have fueled our business growth in the quarter. We remain committed to sustainable growth through strategic partnerships and market expansion, delivering value to stakeholders.”

 

Result PDF

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Max Financial Services Ltd shares SWOT Analysis

Strengths (8)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (2)

  • Promoters increased pledged shares QoQ
  • Companies with High Promoter Pledge

Opportunity (4)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,076.0
R2 1,091.7
R3 1,120.2
Pivot

1,047.42

S1 1,031.7
S2 1,003.2
S3 987.5
EMA SMA
1,012.2
987.0
962.8
919.0
1,009.2
983.4
967.4
926.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT Block Purchase 2024-03-13 978.75 401739 BSE
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED Block Sell 2024-03-13 978.75 401739 BSE
UBS(US)GROUPTRUST Bulk Purchase 2023-08-24 873 4750000 BSE
Name Category Shares
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED PROMOTER 6.4%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
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Max Financial Services Ltd Stocks COMPARISON

Financials( in Cr) Max Financial Services Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 1,060.30 7,292.20 1,629.45 382.70 144.10
% Change 3.79 2.43 0.65 3.40 2.20
Mcap Cr 36,592.54 450,674.73 259,976.96 243,140.18 188,317.17
Revenue TTM Cr 31,415.49 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 451.89 11,507.69 12,209.54 31.25 6,337.01
PE TTM 85.12 32.74 33.33 151.28 31.19
1 Year Return 66.64 22.60 22.39 53.76 417.41
ROCE 10.44 11.76 12.69 0.03 5.32
ROE 9.24 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,518.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -3,609.06
LAST 3M 83,632.14 32,580.07
LAST 6M 140,794.69 70,960.51
LAST 12M 216,582.31 196,780.81

Max Financial Services Ltd Information

Stock PE (TTM)
85.12
Promoter Holding
6.52%
Book Value
108.73
ROCE
10.44%
ROE
9.24%
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.

Registered Address

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

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

MAS Services Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500271
NSE Code : MFSL
Book Closure Date (Month) : Aug
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 Apr 22, 2024 03:56 PM the closing price of Max Financial Services Ltd was ₹ 1,060.30.

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 Apr 22, 2024 03:56 PM, the market cap of Max Financial Services Ltd stood at ₹ 36,592.54.

The latest PE ratio of Max Financial Services Ltd as of Apr 22, 2024 03:56 PM is 85.12

The latest PB ratio of Max Financial Services Ltd as of Apr 22, 2024 03:56 PM is 0.10

The 52-week high of Max Financial Services Ltd share price is ₹ 1,067.50 while the 52-week low is ₹ 599.10

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