NSE ScannerInsurance · Life/Health Insurance · NSE: MFSL · data 2026-10-31
Max Financial Services Limited
In plain words
Price: 36.6% below its 52-week high of ₹1,892.5.
Delivery: 55.7% of traded shares were kept for delivery over the last 10 sessions, against 55.1% over the last 60.
Latest results: a net profit of ₹80 cr for the quarter ended Sept 2026 (+1839.8% on the same quarter a year earlier).
A description of the data, not a recommendation.
Key figures
Growth
| Revenue (last 12 months) | ₹51,655 cr |
| Net profit (last 12 months) | ₹186 cr |
| Sales growth, 3 years (yearly) | 15.1% |
| Profit growth, 3 years (yearly) | -39.5% |
At a glance
Promoters 1.3% (-0.5 pts in a year), pledged 43.7%, institutions 92.3%.
P/E 221.9, P/B 7.2, dividend yield 0.0%. Price relative to earnings and book value (low is cheaper, not better).
ROE 1.6%, operating margin 0.5%: how much profit it earns on the money it uses.
Profit growth -39.5% and sales growth 15.1% a year over 3 years.
Ratings use fixed thresholds on the latest reported figures. They describe the numbers and are not a recommendation.
Strengths and limitations
None flagged by these rules.
- Low return on equity (1.6%).
- Profit fell 39.5% a year over 3 years.
- Promoters have pledged 43.7% of their shares.
- Expensive on earnings (P/E 221.9).
Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.
Latest results in brief (Q2 FY27)
MFSL Q2 FY27 results (consolidated figures, as filed on NSE).
Revenue was ₹11,601.09 crore, up 18.5% YoY and down 22.5% QoQ.
Net profit was ₹79.92 crore, up 1,839.8% YoY and down 16.4% QoQ.
Operating margin was 1.2% (0.2% a year ago).
EPS was ₹2.33, up 1,841.7% YoY and down 16.2% QoQ.
MFSL के Q2 FY27 नतीजे (कंसोलिडेटेड आंकड़े, NSE पर दाखिल)।
राजस्व: ₹11,601.09 करोड़; पिछले साल की तुलना में 18.5% की बढ़त, पिछली तिमाही की तुलना में 22.5% की गिरावट।
शुद्ध मुनाफ़ा: ₹79.92 करोड़; पिछले साल की तुलना में 1,839.8% की बढ़त, पिछली तिमाही की तुलना में 16.4% की गिरावट।
ऑपरेटिंग मार्जिन: 1.2% (एक साल पहले 0.2%)।
EPS: ₹2.33; पिछले साल की तुलना में 1,841.7% की बढ़त, पिछली तिमाही की तुलना में 16.2% की गिरावट।
MFSLના Q2 FY27 પરિણામો (કન્સોલિડેટેડ આંકડા, NSE પર ફાઇલ કરેલા).
આવક (રેવન્યુ): ₹11,601.09 કરોડ; ગયા વર્ષની સરખામણીએ 18.5% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 22.5% ઘટાડો.
ચોખ્ખો નફો: ₹79.92 કરોડ; ગયા વર્ષની સરખામણીએ 1,839.8% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 16.4% ઘટાડો.
ઓપરેટિંગ માર્જિન: 1.2% (એક વર્ષ પહેલાં 0.2%).
EPS: ₹2.33; ગયા વર્ષની સરખામણીએ 1,841.7% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 16.2% ઘટાડો.
Written from the filed numbers. Not a recommendation.
Smart-money activity
25/100 · Neutral over the last ~60 sessions, data 2026-10-30
- Delivery vs usual 7/30: Delivery 57.7% over the last 20 sessions vs 50.4% in the 40 before (1.14x); shares delivered per day 1.18x usual; 0 delivery-spike days (3x usual shares delivered, 40%+ delivery) in the last 20 sessions.
- Bulk/block deals 0/20: No bulk or block deals in the last 90 days.
- Insider / SAST buys 0/15: No insider buy or SAST acquisition filings in the last 90 days. Insider sells are not collected by the site, so only buy filings count.
- Mutual fund holding 13/15: 30 schemes hold it, about ₹3,246 cr in all (as of 2026-09-30). Latest monthly portfolios only (top 60 holdings per scheme); month-on-month change is not stored.
- Accumulation evidence 0/15: No accumulation evidence row (only saved-scan stocks have one; 0 points).
- Promoter pledges 5/5: No promoter pledge filings in 90 days.
A description of recorded activity (delivery, deals, insider buys, fund holding, pledges), not a recommendation. Today's most active stocks.
Story so far
● Results
- 13 Aug 26Results Q1 FY27 results: profit +37.2% YoY +1.5% next session
- 26 May 26Results Q4 FY26 results: turned to loss vs a year ago -2.6% next session
- 11 Feb 26Results Q3 FY26 results: profit −35.9% YoY +3.8% next session
- 11 Nov 25Results Q2 FY26 results: profit −96.3% YoY +6.2% next session
- 7 Aug 25Results Q1 FY26 results: profit −45.3% YoY +4.1% next session
- 13 May 25Results Q4 FY25 results: turned to profit vs a year ago +3.5% next session
- 4 Feb 25Results Q3 FY25 results: profit −53.0% YoY +3.2% next session
From official exchange filings and NSE data. How the price moved after an event describes the past, not what comes next.
Quarterly results (consolidated)
| Quarter | Revenue | Net profit | Profit YoY | Op. margin | EPS ₹ |
|---|---|---|---|---|---|
| Sept 2026 | ₹11,601 cr | ₹80 cr | +1839.8% | 1.2% | 2.33 |
| Jun 2026 | ₹14,970 cr | ₹96 cr | +37.2% | 1.1% | 2.78 |
| Mar 2026 | ₹10,802 cr | ₹-26 cr | -184.1% | -0.1% | -0.77 |
| Dec 2025 | ₹14,259 cr | ₹45 cr | -35.9% | 0.5% | 1.07 |
Shareholding trend
| Holder | Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Promoters | 1.25% | 1.25% | 1.25% | 1.25% |
| Foreign institutions (FII) | 48.62% | 48.06% | 47.88% | 45.14% |
| Domestic institutions (DII) | 43.70% | 44.34% | 44.75% | 47.35% |
| Mutual funds | 35.49% | 36.76% | 36.99% | 39.49% |
| Retail investors | 4.35% | 4.26% | 4.09% | 4.15% |
| Number of shareholders | 85,147 | 80,336 | 77,069 | 75,636 |
Common questions
What was Max Financial Services Limited's latest quarterly profit?
Max Financial Services Limited reported a net profit of ₹80 cr for the quarter ended Sept 2026 (+1839.8% on the same quarter a year earlier), on revenue of ₹11,601 cr.
How much do promoters hold in Max Financial Services Limited?
Promoters held 1.25% of Max Financial Services Limited at the end of Sept 2026, with 43.71% of promoter shares pledged.
Is Max Financial Services Limited debt-free?
Its latest reported debt-to-equity ratio is 0.44.
What is Max Financial Services Limited's P/E ratio?
About 221.9, based on the last 12 months' earnings and a price of ₹1,200 (data 2026-10-31).
What is the 52-week high and low of Max Financial Services Limited?
The 52-week high is ₹1,892.5 and the 52-week low is ₹1,174.
Mutual funds holding Max Financial Services Limited
From the monthly portfolios of the fund houses the site reads, as of 2026-09-30. 30 schemes holding about ₹3,246 cr; funds that hold it outside their top holdings may not be listed.
| Scheme | Fund house | % of fund | Value |
|---|---|---|---|
| Nippon India Multi Cap Fund | Nippon India Mutual Fund | 1.51% | ₹812 cr |
| Nippon India Growth Mid Cap Fund | Nippon India Mutual Fund | 1.34% | ₹672 cr |
| ADITYA BIRLA SUN LIFE FLEXI CAP FUND | Aditya Birla Sun Life Mutual Fund | 0.74% | ₹207 cr |
| Mirae Asset Midcap Fund | Mirae Asset Mutual Fund | 0.87% | ₹170 cr |
| NIPPON INDIA BANKING & FINANCIAL SERVICES FUND | Nippon India Mutual Fund | 2.27% | ₹167 cr |
| Nippon India ELSS Tax Saver Fund | Nippon India Mutual Fund | 1.17% | ₹165 cr |
| ADITYA BIRLA SUN LIFE MIDCAP FUND | Aditya Birla Sun Life Mutual Fund | 2.41% | ₹158 cr |
| ADITYA BIRLA SUN LIFE ELSS TAX SAVER FUND | Aditya Birla Sun Life Mutual Fund | 0.96% | ₹130 cr |
| Nippon India Multi Asset Allocation Fund | Nippon India Mutual Fund | 0.68% | ₹123 cr |
| ADITYA BIRLA SUN LIFE LARGE & MID CAP FUND | Aditya Birla Sun Life Mutual Fund | 2.14% | ₹120 cr |
| NIPPON INDIA VALUE FUND | Nippon India Mutual Fund | 1.08% | ₹92 cr |
| ADITYA BIRLA SUN LIFE MULTI-CAP FUND | Aditya Birla Sun Life Mutual Fund | 1.15% | ₹83 cr |
| ADITYA BIRLA SUN LIFE MULTI ASSET ALLOCATION FUND | Aditya Birla Sun Life Mutual Fund | 0.83% | ₹62 cr |
| SBI Conservative Hybrid Fund | SBI Mutual Fund | 0.54% | ₹55 cr |
| Nippon India Innovation Fund | Nippon India Mutual Fund | 1.77% | ₹52 cr |
Compared with similar companies
| Company | Price | Market cap | P/E | P/B | ROE | ROCE | Debt/eq. | 1-yr return |
|---|---|---|---|---|---|---|---|---|
| Max Financial Services Limited | ₹1,200 | ₹41,517 cr | 221.9 | 7.2 | 1.6% | — | 0.44 | -21.0% |
| HDFC Life Insurance Co. Ltd. | ₹524.9 | ₹1,13,659 cr | 55.4 | 5.9 | 11.3% | 0.6% | 0.17 | -30.8% |
| ICICI Life Insurance Ltd | ₹410 | ₹59,356 cr | 37.1 | 4.4 | 12.6% | 0.6% | 0.19 | -31.8% |
| Star Health & Allied Insurance Co. Ltd. | ₹530.4 | ₹31,215 cr | 29.7 | 3 | 7.6% | 4.6% | 0.06 | +10.3% |
| Niva Bupa Health Insurance Company Limited | ₹72.65 | ₹13,432 cr | 37.6 | 3.5 | 10% | 9.8% | 0.1 | -3.5% |
| Canara HSBC Life Insurance Company Limited | ₹121.41 | ₹11,519 cr | 36 | 7 | 8.1% | 0.2% | 0.16 | +3.8% |
Compare MFSL with HDFCLIFE in detail →
The full analysis has the price chart, every quarterly result with YoY/QoQ growth, the balance sheet and cash flow with an accounting red-flag check, shareholding quarter by quarter with big investors, news, filings and bulk/block deals.
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