Max Financial Services Ltd share price logo

Max Financial Services Ltd

NSE: MFSL

BSE: 500271

Mid Cap

₹1597.90

-55.80

(-3.37%)

as on

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🔔 Rating Alert

Brokerages including Systematix, Citi, MOSL, and Nomura maintain Buy ratings on Max Financial Services with target prices ranging Rs 1980-2725 after strong FY26 performance and margin improvements.

Max Financial Stock Performance

as on May 13, 2026 at 9:31 pm IST

  • Day's Low

    Day's High

    ₹1,590.10
    ₹1,698.80
    downward going graph

    0.49%

    Downside

    6.31%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹1,248.60
    ₹1,892.50
    downward going graph

    21.86%

    Downside

    18.44%

    Upside

    downward going graph

Max Financial share price movements today

Previous Close
₹1,653.70
Open
₹1,670.50
Volume
11.51L
Upper Circuit
₹1,819.00
Lower Circuit
₹1,488.40
Day's Low - High
₹1,590.10 - ₹1,698.80
52 Week Low - High
₹1,248.60 - ₹1,892.50

Max Financial Historical Returns

1 Month Return
+ 0.44 %
3 Month Return
-9.38 %
1 Year Return
+ 28.18 %
3 Year Return
+ 146.12 %
5 Year Return
+ 87.6 %

Max Financial Fundamentals

as on May 13, 2026 at 4:01 pm IST

Market Cap

₹57,071.63 Cr

Return on Equity (ROE)

-0.14

PE Ratio (TTM)

674.98

Return on capital employed (ROCE)

-0.13

Industry PE ratio

32.49

Beta (LTM)

0.91

P/B Ratio

5.87

Dividend Yield

0

PEG Ratio

-95.88

Quarterly Earnings Growth YOY

-182.34

EPS (TTM)

11.75

Sector

Miscellaneous

Book Value

153.58

Max Financial Stock Valuation

as on May 13, 2026 at 4:01 pm IST

Max Financial in the last 5 years

  • Overview

  • Trends

Lowest (24.85x)

March 23, 2020

Industry (32.49x)

May 12, 2026

Today (674.98x)

May 12, 2026

Highest (696.90x)

May 7, 2026

LowHigh

Today’s Price to Earnings Ratio: 674.98x

Max Financial Technical Analysis

Track how Max Financial technical analysis has moved over time to understand its trends.

1 min
5 min
15 min
30 min
1 day
1 week
1 month

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Moving Averages

Bearish

Neutral

Bullish

Bearish

Oscillators

Bearish

Neutral

Bullish

Bearish

Overall

Bearish9
Bullish5
Neutral1

Oscillators

Name

Value

Action

MACD level (12,26)
-1.05
Bullish
CCI (20)
478.23
Bearish
RSI (14)
50.77
Neutral
Momentum (10)
2.1
Bearish
ADI (14)
34.98
Bullish
Ultimate Oscillator (7,14,28)
19.66
Bearish

Moving Averages

Name

Value

Action

SMA (20)
1597.25
Bullish
EMA (20)
1600.08
Bullish
VWMA (20)
1599.03
Bullish
SMA (50)
1607.82
Bearish
EMA (50)
1604.22
Bearish
SMA (200)
1614.39
Bearish
EMA (200)
1614.01
Bearish
KAMA (200)
1604.81
Bearish
DEMA (200)
1603
Bearish

Max Financial Services Ltd vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Max Financial with its industry peers.

Company
Analyst View
Market Cap(in ₹ Cr)
5 Year CAGRDebt to Asset Ratio
Net Profit(in ₹ Cr)
Yearly Revenue(in ₹ Cr)
Max Financial Services Ltd image
Max Financial Services Ltd
BUY57,071.6317.52%0.6540346,469
Sundaram Finance Ltd image
Sundaram Finance Ltd
HOLD51,098.8918.48%0.911,8128,512
Poonawalla Fincorp Ltd image
Poonawalla Fincorp Ltd
HOLD37,153.7743.95%0.88-994,189
Shriram Finance Ltd image
Shriram Finance Ltd
BUY2,18,919.1250.14%0.909,56443,940
Mahindra & Mahindra Financial Services Ltd image
Mahindra & Mahindra Financial Services Ltd
BUY45,445.1123.29%0.922,26018,518
See all

Market expectation of Max Financial Stock

Common consensus of the market based on various publicly available news, publications,brokerage expectation and market data

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Max Financial Stock’s Investor Sentiment and Interest

Search interest for Max Financial Services Ltd Stock has decreased by -19% in the last 30 days, reflecting a downward trend in search activity.

Time period: to

Change:-19% versus previous 30 day period

Max Financial Services Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Sales
9,168.12
10,164.62
12,355.68
14,887.5
11,798.61
13,371.86
8,922.67
12,375.76
12,821.65
9,791.59
14,258.93
Other Income
3.34
24.52
3.52
9.68
2.17
2.72
3.12
20.32
3.25
7.03
8.51
Total Income
9,171.46
10,189.14
12,359.2
14,897.18
11,800.78
13,374.58
8,925.79
12,396.08
12,824.9
9,798.62
14,267.44
Expenses
9,043.15
10,020.76
12,146.32
14,944.74
11,609.06
13,199.24
8,834.03
12,357.94
12,703.59
9,770.62
14,180.92
Operating Profit
124.97
143.86
209.36
-57.24
189.55
172.62
88.64
17.82
118.06
20.97
78.01
Operating Profit Margin %
1.36%
1.42%
1.69%
-0.38%
1.61%
1.29%
0.99%
0.14%
0.92%
0.21%
0.55%
Profit Before Interest, Tax and Depreciation
128.31
168.38
212.88
-47.56
191.72
175.34
91.76
38.14
121.31
28
86.52
Interest
9.32
9.36
14.15
10.81
9.28
12.55
10.23
15.3
19.68
21.12
35.93
Depreciation
0.99
0.78
0.76
0.68
0.69
0.69
0.78
0.71
0.68
0.62
0.52
Profit Before Tax
118
158.24
197.97
-59.05
181.75
162.1
80.75
22.13
100.95
6.26
50.07
Tax Paid
16.87
-12.08
26.76
-8.97
25.81
22.76
10.94
-16.15
14.5
0.39
5.31
Profit After Tax
101.13
170.32
171.21
-50.08
155.94
139.34
69.81
38.28
86.45
5.87
44.76
Total Net profit including share of profit / Loss from associate company
101.13
170.32
171.21
-50.08
155.94
139.34
69.81
38.28
86.45
5.87
44.76
EPS
2.54
4.29
4.3
-1.28
3.69
3.26
1.63
0.91
2.03
0.12
1.07
Actual EPS
2.54
4.29
4.3
-1.28
3.69
3.26
1.63
0.91
2.03
0.12
1.07
Adjusted EPS
2.54
4.29
4.3
-1.28
3.69
3.26
1.63
0.91
2.03
0.12
1.07
Diluted EPS
2.54
4.29
4.3
-1.28
3.69
3.26
1.63
0.91
2.03
0.12
1.07

Max Financial Services Ltd Annual Profit & Loss

Figures in Rupees Crores

Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Sales
16,337.45
19,509.65
18,239.98
31,273.91
31,181.21
31,412.67
46,575.62
46,468.91
Other Income
1.26
3.61
1.78
14.11
6.37
18.39
37.92
28.33
Total Income
16,338.71
19,513.26
18,241.76
31,288.02
31,187.58
31,431.06
46,613.54
46,497.24
Expenses
15,806.66
19,003.37
17,787.63
30,689.53
30,769.19
30,861.77
46,151.63
46,000.27
Operating Profit
530.79
506.28
452.35
584.38
412.02
550.9
423.99
468.64
Operating Profit Margin %
3.25%
2.6%
2.48%
1.87%
1.32%
1.75%
0.91%
1.01%
Profit Before Interest, Tax and Depreciation
532.05
509.89
454.13
598.49
418.39
569.29
461.91
496.97
Interest
0.11
27.3
0.28
0.27
24.74
37.46
43.64
47.36
Depreciation
1.92
1.75
11.37
5.32
5
4.63
3.11
2.87
Profit Before Tax
530.02
480.84
442.48
592.9
388.65
527.2
415.16
446.74
Tax Paid
88.18
64.38
169.63
33.15
70.25
75.31
22.58
43.36
Profit After Tax
441.84
416.46
272.85
559.75
318.4
451.89
392.58
403.38
Total Net profit including share of profit / Loss from associate company
441.84
416.46
272.85
559.75
318.4
451.89
392.58
403.38
EPS
10.69
9.77
5.38
14.51
7.34
10.97
9.9
9.53
Actual EPS
10.69
9.77
5.38
14.51
7.34
10.97
9.9
9.53
Adjusted EPS
10.69
9.77
5.38
14.51
7.34
10.97
9.9
9.53
Diluted EPS
10.66
9.77
5.38
14.51
7.34
10.97
9.9
9.53

Max Financial Services Ltd Cash Flow

Figures in Rupees Crores

Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Net Cash from Operating Activities
3,802.07
6,525.68
7,533.57
8,826.06
5,451.66
6,892.24
8,495.86
9,922.29
6,104.36
8,351.8
Cash Flow from Investing Activities
-3,452.7
-6,208.82
-6,902.17
-8,688.78
-4,867.76
-6,768.57
-8,707.38
-11,381.12
-4,778.5
-9,485.23
Cash Flow from Financing Activities
-186.92
-215.35
-116.32
-173.64
-382.57
-92.15
389.89
-232.77
-116.99
1,961.41
Net Cash Flow
73.72
20.43
465.9
-136.81
78.38
-51.43
48.45
-1,865.53
986.06
609.9

Max Financial Stock Shareholding Pattern

Numbers in percentages

Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Promoters
10.15%
6.52%
6.52%
6.52%
6.52%
3.34%
3.34%
1.74%
1.74%
1.71%
1.25%
1.25%
DII
33.28%
35.1%
36.06%
39.92%
40.74%
44%
42.69%
47.3%
47.29%
47.26%
47.35%
44.75%
FII
21.86%
51.54%
21.86%
47.71%
46.6%
46.24%
47.5%
44.75%
44.72%
44.78%
45.14%
47.88%
Public
7.05%
6.84%
5.7%
5.85%
6.14%
6.43%
6.47%
6.21%
6.25%
6.24%
6.26%
6.12%
Total Outstanding Shares
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
34,51,14,771
Total Shareholders
67,708
63,966
59,682
65,260
67,021
65,804
68,531
68,062
80,467
76,239
75,636
77,069

Mutual Funds that own Max Financial Stock

Check out the Mutual Funds with significant holdings in Max Financial.

Max Financial Corporate Actions

View detailed summary of the earnings and dividend history of Max Financial.

  • Max Financial Services Ltd Earnings Results

    Max Financial Services Ltd’s net profit fell -184.16% since last year same period to ₹-26.35Cr in the Q4 2025-2026. On a quarterly growth basis, Max Financial Services Ltd has generated -172.07% fall in its net profits since last 3-months.

    Read More about Earnings Results

  • Max Financial Services Ltd Dividends May,2016

    In the quarter ending March 2016, Max Financial Services Ltd has declared dividend of ₹1.80 per share on 30 May 2016 - translating a dividend yield of 0.22%.

    Read More about Dividends

Max Financial News & Key Events

  • img

    Today's Timeline - 13 May

    07:00 AM

    -

    Max Financial reports Q4 net loss of Rs 26.4 crore, down from profit of Rs 31.3 crore YoY.

    07:26 AM

    -

    Max Financial's sales declined 12.72% to Rs 10,801.94 crore in Q4 FY26 compared to previous year.

    08:41 AM

    -

    Citi maintains Buy rating on Max Financial, raising target price to ₹2725 after strong quarter performance.

  • img

    Today's Timeline - 13 May

    08:41 AM

    -

    MOSL maintains Buy on Max Financial with target price of ₹1980, citing strong FY26 performance.

    08:41 AM

    -

    Nomura maintains Buy on Max Financial with target price of ₹2080, citing strong VNB margins and growth expectations.

    10:40 AM

    -

    Max Financial Services delivers on VNB margin guidance, maintaining strong growth outlook despite net loss.

Indices Featuring Max Financial Stock

Check stock indices that include Max Financial.

Nifty Midcap 100

₹60,164.65

0.77 (▲460.00%)

Nifty Financial

₹25,116.65

-0.08 (▲20.50%)

Nifty Midcap 150

₹22,096.50

0.63 (▲138.85%)

Nifty Midcap 50

₹17,156.90

0.59 (▲101.40%)

Nifty 200

₹13,488.30

0.37 (▲49.70%)

Nifty 500

₹22,377.35

0.35 (▲77.45%)

Nifty LargeMidcap 250

₹16,050.25

0.46 (▲73.10%)

S&P BSE Momentum

₹2,089.58

0.49 (▲10.14%)

BSE 200

₹10,906.78

0.30 (▲32.71%)

S&P BSE MidCap Select

₹17,050.56

0.90 (▲152.91%)

Nifty MidSmallcap 400

₹20,144.65

0.52 (▲103.50%)

S&P BSE 400 MidSmallCap

₹12,008.83

0.56 (▲67.15%)

DFRGRI Indices

₹1,570.78

-0.08 (▲1.22%)

S&P BSE Fin. Ser

₹11,813.33

-0.07 (▲8.80%)

Nifty Alpha 50

₹51,262.15

0.58 (▲297.45%)

S&P BSE 150 MidCap

₹16,121.11

0.71 (▲113.93%)

S&P BSE 250 LargeMidCap

₹10,381.39

0.32 (▲33.49%)

BSE 500

₹35,010.26

0.32 (▲111.17%)

Insights on Max Financial Services Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, MFSL has outperformed top 5 stocks with highest market-cap in Life & Health Insurance

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, MFSL stock has moved up by 28.2%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 23.27% to 26.02% in Mar 2026 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 1.25% of holdings in Mar 2026 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Aditya Birla Capital Ltd has given 66.5% return, outperforming this stock by 38.4%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 39.49% to 36.99% in Mar 2026 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 14.26K Cr → 10.80K Cr (in ₹), with an average decrease of 24.3% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 6.26% to 6.12% in Mar 2026 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 36.56 Cr → -26.35 Cr (in ₹), with an average decrease of 172.1% per quarter

Max Financial Stock Futures & Options Contracts

View the latest movement in Max Financial Futures & Options, including strike prices, expiry dates, and percentage changes.

Max Financial Options

Name
Expiry
Strike Price
LTP
Absolute Change
Change
MFSL 26 May ₹1820 Call
May 26, 2026
₹1820
₹1.95
-3.2
-62.14%
MFSL 26 May ₹1700 Call
May 26, 2026
₹1700
₹8.35
-19.55
-70.07%
MFSL 26 May ₹1800 Call
May 26, 2026
₹1800
₹2.35
-4.25
-64.39%
MFSL 26 May ₹1640 Call
May 26, 2026
₹1640
₹23.35
-31.05
-57.08%

Max Financial Futures

Name
Expiry
Strike Price
LTP
Absolute Change
Change
MFSL 26 May Fut
May 26, 2026
-
₹1608.8
-47.03
-2.84%
MFSL 30 Jun Fut
June 30, 2026
-
₹1615.3
-49.62
-2.98%
MFSL 28 Jul Fut
July 28, 2026
-
₹1624
-66.08
-3.91%

About Max Financial Services Ltd

Max Financial Services Ltd (MFS) is a stock listed on the Indian Stock Exchange. It provides financial services to corporate and retail customers. The services provided by MFS include investment banking, wealth management, stock broking, insurance distribution, and asset management. MFS also has joint ventures and partnerships with companies like Goldman Sachs, SBI Life Insurance, HSBC, and Manulife. Through its investments and partnerships, MFS strives to provide its customers with personalized financial solutions that meet their needs and help them grow their wealth. MFS has a long history of providing its clients with quality financial advice and products. With its focus on quality and customer service, MFS is a reliable and trustworthy provider of financial services.

Revenue: ₹10,801.94Cr as on March 2026 (Q4 FY26)
Net Profit: ₹-31.52Cr as on March 2026 (Q4 FY26)
Listing date: 13 Dec, 1994
Chairperson Name: Analjit Singh
OrganisationMax Financial Services Ltd
HeadquartersNoida
IndustryMiscellaneous
CEOAnaljit Singh
E-voting on sharesClick here to vote

FAQs

What is Max Financial share price today?

Max Financial share price today stands at ₹1597.9 as on at the close of the market. Max Financial share today touched a day high of ₹1698.8 and a low of ₹1590.1.

What is the 52 week high and 52 week low range for Max Financial share?

Max Financial touched a 52 week high of ₹1892.5 and a 52 week low of ₹1248.6. Max Financial share price today i.e. is closed at ₹1597.9, which is -15.57% down from its 52 week high and 27.98% up from its 52 week low.

What is Max Financial's market capitalisation today?

Max Financial market capitalisation is ₹57,071.63 Cr as on .

How to buy Max Financial shares?

To buy Max Financial shares, you need to follow these steps:

  • Open a Demat account and Trading account on INDmoney
  • Fund your Trading account
  • Search for MFSL or Max Financial Services Ltd on the INDmoney app to check live prices of the stock
  • Click on Buy or SIP to place an order to invest in Max Financial shares. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.

What is Max Financial trading volume today?

Max Financial trading volume is 11.51L as on . This means that 11.51L shares of Max Financial were bought and sold on the stock market during today's trading session.