Max Financial Services Share Price

1,562.10-36.21 (-2.27%)

Closed
As On: 11 Jun, 2026, 03:40 PM IST
As On: 11 Jun, 2026, 03:59 PM IST

Sector: Financial Servi...
Industry: Insurance - Life

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Open	1,603.10
High	1,604.90
Low	1,554.50
Prev Close	1,598.30
Volume	3,01,033
VWAP(₹)	1,572.52

Share Price	Value
Today/Current/Last	1,562.101,561.55
Previous Day	1,598.301,599.80

Max Financial Share Recommendations

Mean recosCurrent

BUY

27 Analysts

Strong
SellSellHoldBuyStrong
Buy

Analyst Trends

Ratings	Current	1W Ago	1M Ago	3M Ago
Strong Buy	12	12	10	10
Buy	15	14	16	16
Hold	-	-	-	-
Sell	-	-	-	-
Strong Sell	-	-	-	-
# Analysts	27	26	26	26

Recent Recos

Target₹1420
OrganizationHDFC Securities
ADD

Target₹1020
OrganizationMotilal Oswal Financial Services
NEUTRAL

Target₹850
OrganizationEmkay Global Financial Services
BUY

View all Stock Recommendations

News & Analysis

View all Max Financial Share News & Announcements

Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	10,805.48	14,267.43	9,798.62	12,824.90	12,396.08
Total Income Growth (%)	-24.26	45.61	-23.60	3.46	38.86
Total Expenses	10,808.42	14,181.44	9,771.20	12,703.74	12,356.70
Total Expenses Growth (%)	-23.78	45.14	-23.08	2.81	39.84
EBIT	-2.94	85.99	27.42	121.16	39.38
EBIT Growth (%)	-103.42	213.60	-77.37	207.67	-56.71
Profit after Tax (PAT)	-26.35	36.56	4.12	69.64	31.31
PAT Growth (%)	-172.07	787.38	-94.08	122.42	-44.13
EBIT Margin (%)	-0.03	0.60	0.28	0.94	0.32
Net Profit Margin (%)	-0.24	0.26	0.04	0.54	0.25
Basic EPS (₹)	-0.81	1.07	0.12	2.03	0.96

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	17.12	7.65	2.87	3.04	3.84
Total Income Growth (%)	123.79	166.55	-5.59	-20.83	-18.47
Total Expenses	5.09	5.99	6.26	5.55	6.46
Total Expenses Growth (%)	-15.03	-4.31	12.79	-14.09	4.53
EBIT	12.03	1.66	-3.39	-2.51	-2.62
EBIT Growth (%)	624.70	-	-	-	-
Profit after Tax (PAT)	10.17	1.65	-3.40	-2.52	-2.59
PAT Growth (%)	516.36	-	-	-	-
EBIT Margin (%)	70.27	21.70	-118.12	-82.57	-68.23
Net Profit Margin (%)	59.40	21.57	-118.47	-82.89	-67.45
Basic EPS (₹)	0.29	0.05	-0.10	-0.07	-0.08

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	47,696.43	46,497.24	46,618.32	31,431.06	31,187.58
Total Revenue Growth (%)	2.58	-0.26	48.32	0.78	-0.32
Total Expenses	47,576.66	46,047.13	46,203.48	30,903.85	30,798.92
Total Expenses Growth (%)	3.32	-0.34	49.51	0.34	0.34
Profit after Tax (PAT)	83.97	327.23	340.11	378.49	253.37
PAT Growth (%)	-74.34	-3.79	-10.14	49.38	-40.44
Operating Profit Margin (%)	0.48	1.07	0.98	1.79	1.32
Net Profit Margin (%)	0.17	0.70	0.73	1.20	0.81
Basic EPS (₹)	2.42	9.53	9.85	10.97	7.34

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	30.68	16.08	21.71	58.24	202.06
Total Revenue Growth (%)	90.83	-25.96	-62.71	-71.18	-34.36
Total Expenses	22.92	25.03	33.27	38.99	54.97
Total Expenses Growth (%)	-8.44	-24.76	-14.67	-29.07	-69.17
Profit after Tax (PAT)	5.90	-9.22	-11.23	13.87	102.62
PAT Growth (%)	-	-	-180.99	-86.48	3.42
Operating Profit Margin (%)	30.20	-57.30	-53.42	33.47	73.72
Net Profit Margin (%)	22.87	-59.62	-52.42	23.98	51.38
Basic EPS (₹)	0.17	-0.27	-0.33	0.40	2.97

All figures in Rs Cr, unless mentioned otherwise

Insights

PAT: Slipping to Red
Company has posted a loss of Rs 26.35 cr in Mar 31, 2026 quarter after 3 consecutive quarter of profits. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	1,98,935.56	1,89,998.69	1,62,773.47	1,31,823.78	1,17,748.55
Total Assets Growth (%)	4.70	16.73	23.48	11.95	19.99
Total Liabilities	1,92,515.57	1,83,595.45	1,58,403.93	1,27,855.28	1,13,263.64
Total Liabilities Growth (%)	4.86	15.90	23.89	12.88	0.01
Total Equity	6,419.99	6,403.24	4,369.54	3,968.50	4,484.92
Total Equity Growth (%)	0.26	46.54	10.11	-11.51	24.41
Current Ratio (x)	1.03	1.03	1.02	1.02	1.03
Total Debt to Equity (x)	0.35	0.19	0.13	0.15	0.00
Contingent Liabilities	0.00	833.84	993.64	788.06	329.10

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	6,764.08	6,759.36	6,769.61	6,780.41	6,777.02
Total Assets Growth (%)	0.07	-0.15	-0.16	0.05	1.50
Total Liabilities	15.27	16.56	17.54	17.00	27.43
Total Liabilities Growth (%)	-7.79	-5.59	3.18	-38.02	-11.77
Total Equity	6,748.81	6,742.80	6,752.07	6,763.40	6,749.59
Total Equity Growth (%)	0.09	-0.14	-0.17	0.20	1.57
Current Ratio (x)	2,353.47	1,542.41	1,150.57	1,164.61	658.42
Total Debt to Equity (x)	0.00	0.00	0.00	0.00	0.00
Contingent Liabilities	0.00	6.47	8.49	8.26	8.39

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	11,472.71	8,351.80	6,106.93	9,922.28	8,495.86
Net Cash used in Investing Activities	-11,124.63	-9,703.31	-5,003.89	-9,227.65	-8,835.38
Net Cash flow from Financing Activities	566.69	1,961.41	-116.98	-232.76	387.97
Net Cash Flow	914.77	609.90	986.06	461.87	48.45
Closing Cash & Cash Equivalent	5,096.57	4,181.80	10,822.06	1,225.90	764.03
Closing Cash & Cash Equivalent Growth (%)	21.87	-61.36	782.78	60.45	6.77
Total Debt/ CFO (x)	0.16	0.12	0.09	0.05	0.00

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	-12.68	-6.75	-7.65	-34.07	85.91
Net Cash used in Investing Activities	13.37	7.93	8.58	35.85	-84.67
Net Cash flow from Financing Activities	-0.65	-1.09	-1.14	-1.76	-1.08
Net Cash Flow	0.04	0.08	-0.22	0.02	0.16
Closing Cash & Cash Equivalent	0.30	0.26	0.18	0.40	0.38
Closing Cash & Cash Equivalent Growth (%)	13.81	45.39	-54.66	4.03	72.07
Total Debt/ CFO (x)	0.00	0.00	0.00	0.00	0.00

All figures in Rs Cr, unless mentioned otherwise

Insights

Increase in Cash from Investing
Company has used Rs 11124.63 cr for investing activities which is an YoY increase of 14.65%. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	1.58	6.20	8.79	10.75	6.43
Return on Capital Employed (%)	3.02	6.54	7.93	10.59	7.75
Return on Assets (%)	0.04	0.17	0.20	0.28	0.21
Interest Coverage Ratio (x)	2.09	10.56	10.58	15.20	16.91
Asset Turnover Ratio (x)	0.25	0.26	0.32	0.00	0.00
Price to Earnings (x)	625.00	120.48	102.04	57.80	103.09
Price to Book (x)	9.70	7.47	8.90	6.20	6.61
EV/EBITDA (x)	222.61	80.84	74.81	38.20	62.07
EBITDA Margin (%)	0.49	1.07	0.99	1.81	1.34

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	0.08	-0.13	-0.16	0.20	1.52
Return on Capital Employed (%)	0.11	-0.13	-0.16	0.28	2.17
Return on Assets (%)	0.08	-0.13	-0.16	0.20	1.51
Interest Coverage Ratio (x)	284.67	-84.21	-93.13	206.22	1,107.24
Asset Turnover Ratio (x)	0.00	0.00	0.00	0.01	0.03
Price to Earnings (x)	10,000.00	-5,000.00	-3,333.33	1,666.67	256.41
Price to Book (x)	7.63	5.87	5.12	3.24	3.85
EV/EBITDA (x)	6,028.91	-5,178.37	-3,500.54	973.27	172.45
EBITDA Margin (%)	33.11	-49.38	-46.02	38.83	75.46

Found Financials useful?

5 Days	14 Days	28 Days
44.10	46.32	47.22

Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Max Financial	642.02	8.40	1.58	3.02	0.04	14.76	0.48	0.22	2.42	1.03	0.35	0.16
LIC	8.66	2.81	32.53	0.92	0.96	7.43	5.57	5.27	90.84	5.95	0.00	0.00
SBI Life	69.80	9.04	12.94	0.57	0.49	11.39	2.51	2.19	24.64	1.55	0.00	0.00
HDFC Life	61.52	6.63	10.77	0.31	0.48	11.76	1.21	1.92	8.87	1.03	0.17	0.14
ICICI Pru Life	41.50	4.90	11.91	0.46	0.50	7.39	2.28	2.53	11.11	1.13	0.19	-0.48
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Annual Ratios (%)

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Stock Performance

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
Max Financial Stock Performance	-2.27	-4.25	-5.26	-15.53	11.84	132.32	73.04
LIC Stock Performance	-0.70	-51.16	-52.29	-54.98	-53.95	-30.41	0.00
SBI Life Stock Performance	-0.56	-7.91	-10.07	-17.35	-2.54	48.95	77.36
HDFC Life Stock Performance	-0.79	-10.99	-11.23	-25.17	-28.23	-2.21	-18.70
ICICI Pru Life Stock Performance	-1.16	-15.01	-16.31	-29.31	-25.52	8.11	-15.51
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Found Peer Comparison useful?

Category	No. of Shares	Percentage	% Change QoQ
Promoters	43,16,256	1.25 %	0.00
Pledge	18,16,000	42.07 %	42.07
FII	16,52,54,248	47.87 %	2.75
DII	15,44,09,869	44.74 %	-2.60
MF	12,76,66,014	36.99 %	-2.50
Others	2,11,34,398	6.14 %	-0.14

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	1.25	1.25	1.71	1.74
Pledge	42.07	0.00	0.00	0.00
FII	47.87	45.12	44.78	44.70
DII	44.74	47.35	47.26	47.29
Mutual Funds	36.99	39.49	38.66	39.24
Others	6.14	6.28	6.25	6.26

Mutual Funds Ownership

MF Ownership as on 30 April 2026

HDFC Mid Cap Direct-G
Equity: Mid Cap
5
- 4,140.93
  Amount Invested (in Cr.)
- 4.37%
  % of AUM
- 1.25
  % Change (MoM basis)
Nippon India Multi Cap Direct-G
Equity: Multi Cap
4
- 1,054.98
  Amount Invested (in Cr.)
- 2%
  % of AUM
- 0.00
  % Change (MoM basis)
Kotak Midcap Direct-G
Equity: Mid Cap
3
- 902.83
  Amount Invested (in Cr.)
- 1.42089626%
  % of AUM
- 0.00
  % Change (MoM basis)

View all Mutual Fund Schemes

Max Financial Futures & Options

Options

Type
Expiry Month
Strike Price

Date	Price	Open Interest
30-06-2026Current	32.10-16.50 (-33.95%)	30,4004,000 (15.15%)
48.65 Open	48.65 High	30.35 Low
48.60 Close	40 Contracts Traded	258.50 Turnover (₹ Lakhs)

Open Interest as of 11 Jun 2026

Futures

Expiry MonthPlease select expiry month:

Date	Price	Open Interest
30-06-2026Current	1,568.00-32.80 (-2.05%)	99,08,400-57,600 (-0.58%)
1,598.90 Open	1,605.00 High	1,562.00 Low
1,600.80 Prev Close	1,392 Contracts Traded	8,787.13 Turnover (₹ Lakhs)

Open Interest as of 11 Jun 2026

Corporate Actions

Recent
General Meeting
-
Jun 05, 2026
General Meeting
-
Apr 10, 2026
Board Meeting
Audited Results
Mar 27, 2026

Board Meetings

Announced on	Meeting on
Mar 27, 2026	May 12, 2026
Audited Results
Mar 09, 2026	Mar 12, 2026
Preferential issue of shares
Dec 26, 2025	Feb 11, 2026
Quarterly Results
Sep 26, 2025	Nov 11, 2025
Quarterly Results
Jun 26, 2025	Aug 07, 2025
Quarterly Results

Dividends
Announced on Ex-Date Dividend%
May 31, 2016 Sep 19, 2016 90%
Nov 06, 2015 Nov 19, 2015 90%
May 27, 2015 Sep 15, 2015 50%
Nov 12, 2014 Nov 25, 2014 200%
May 28, 2014 Sep 12, 2014 90%
Bonus
Announced on Ex-Date
Apr 08, 2000 May 08, 2000
Bonus Ratio: 1 share(s) for every 1 shares held
Splits
Announced on Ex-Date
Jan 24, 2007 Mar 12, 2007
Split: Old FV10.0| New FV:2.0
Rights
Announced on Ex-Date
Oct 26, 1995 Nov 15, 1995
NA
AGM/EGM Meetings
Announced on Meeting on
Jun 05, 2026 Jul 07, 2026
-
Apr 10, 2026 May 12, 2026
-
Feb 19, 2026 Mar 23, 2026
-
Nov 21, 2025 Dec 23, 2025
-
Aug 25, 2025 Sep 18, 2025
-

Announced on	Ex-Date	Dividend%
May 31, 2016	Sep 19, 2016	90%
Nov 06, 2015	Nov 19, 2015	90%
May 27, 2015	Sep 15, 2015	50%
Nov 12, 2014	Nov 25, 2014	200%
May 28, 2014	Sep 12, 2014	90%

Announced on	Ex-Date
Apr 08, 2000	May 08, 2000
Bonus Ratio: 1 share(s) for every 1 shares held

Announced on	Ex-Date
Jan 24, 2007	Mar 12, 2007
Split: Old FV10.0\| New FV:2.0

Announced on	Ex-Date
Oct 26, 1995	Nov 15, 1995
NA

Announced on	Meeting on
Jun 05, 2026	Jul 07, 2026
-
Apr 10, 2026	May 12, 2026
-
Feb 19, 2026	Mar 23, 2026
-
Nov 21, 2025	Dec 23, 2025
-
Aug 25, 2025	Sep 18, 2025
-

About Max Financial

Max Financial Services Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 53,910.38 Crore) operating in Financial Services sector.

Max Financial Services Ltd. key Products/Revenue Segments include Sale of services, Interest, Income From Sale Of Share & Securities for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 10,805.48 Crore, down 24.26 % from last quarter Total Income of Rs 14,267.43 Crore and down 12.83 % from last year same quarter Total Income of Rs 12,396.08 Crore. Company has reported net profit after tax of Rs -31.52 Crore in latest quarter.

The company’s top management includes Mr.Analjit Singh, Mr.Hideaki Nomura, Mr.Mitsuru Yasuda, Mr.Sahil Vachani, Mr.Jai Arya, Mr.K Narasimha Murthy, Ms.Malini Thadani, Mr.Richard Stagg, Mr.Nishant Kumar, Mr.Piyush Soni. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2026, the company has a total of 34.51 Crore shares outstanding.

Max Financial Share Price Today is Rs. 1562.10. On previous day, the Max Financial Share Price (NSE) closed at Rs. 1594.1, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 1.25% of the stake in Max Financial shares, out of which 42.07% was pledged. On the same date, foreign institutional investors' (FII) holdings of Max Financial stocks was 47.88% as compared to 45.13% in Dec 2025 with increase of 2.75%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 44.74% as compared to 47.35% in Dec 2025 with decrease of 2.61%. Out of the total DII holdings in Max Financial shares 36.99% was held by mutual funds. The rest including public held is 6.13%. Max Financial stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Max Financial Dividend: Ever since 1988, Max Financial dividends has been paid out around 15 times. As on 11 Jun, 2026, 03:40 PM IST, The overall dividend yield for Max Financial stands at 0.0%. The last dividend paid was on November 19, 2015 (Rs. 1.8). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 2.43.

Max Financial Bonus: The most recent bonus issue had been in year May 8, 2000 around 26 years ago at 1 : 1 ratio. The first bonus issue was announced in Apr 2000.

Stock Forecast:
After showing 10805.48 Cr. of sales and 24.26% of quarterly net loss, there have been multiple ups and downs in the Max Financial stock prices in the past few weeks. For example, Max Financial stock price on 3rd of June 2026 was around Rs. 1559.6. Max Financial share price now stands at an average of Rs. 1562.10. Judging by last week's performance, stock is in up trend.

Max Financial has a median target price of Rs. 2049.8 in 12 months by 25 analysts. They have provided a high estimate of Rs. 2725.0 and low estimate of Rs. 1750.0 for Max Financial share.

Historical Prices and Performance:
Max Financial, incorporated in 1988 is a Large Cap company (with a market cap of Rs. 55159.69) operating in Financial Services sector.
The Return of Equity (ROE) in last five financial years given by Max Financial stock was 1.58%, 6.2%, 8.79%, 10.75% and 6.43% respectively.
The Max Financial share gave a 3 year return of 132.92% as compared to Nifty 50 which gave a return of 25.06%.
Max Financial announced 90.0% final dividend on November 19, 2015.

Key Metrics:
PE Ratio of Max Financial is 656.9
Prices/Sales Ratio of Max Financial is 1.07
Price/Book Ratio of Max Financial is 8.59

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Max Financial, major competitors and peers include LIC, SBI Life, HDFC Life and ICICI Pru Life. As of Dec 2025, the dividend yield of Max Financial stands at 0.0% while LIC, SBI Life, HDFC Life and ICICI Pru Life stand at 2.53%, 0.16%, 0.38% and 0.35% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 656.9 and 8.59 respectively.

Leadership of Max Financial :
Piyush Soni is Co. Secretary & Compl. Officer
Nishant Kumar is Chief Financial Officer
V Krishnan is Manager
Analjit Singh is Founder & Chairman
Mitsuru Yasuda is Non Executive Director
Sahil Vachani is Non Executive Director
Hideaki Nomura is Non Executive Director
K Narasimha Murthy is Independent Director
Jai Arya is Independent Director
Richard Stagg is Independent Director
Malini Thadani is Independent Director

Industry

Insurance - Life

Key Indices Listed On

Nifty Midcap 50, Nifty Midcap 100, Nifty 200, Nifty 500, BSE 500

Address

Bhai Mohan Singh Nagar,Railmajra,Nawanshahr Dist, Punjab - 144533

Contact

investorhelpline@maxfinancialservices.in

http://www.maxfinancialservices.com

PE Ratio(x)	642.02
EPS - TTM(₹)	2.43
MCap(₹ Cr.)	53,910.38
MCap Rank	14
PB Ratio(x)	8.59
Div Yield(%)	-
Face Value(₹)	2.00
52W High(₹)	1,892.50
52W Low(₹)	1,433.60
MCap/Sales	1.07
Beta(1 Month)	1.58
BV/Share(₹)	186.02

PE Ratio(x)	641.79
EPS - TTM(₹)	2.43
MCap(₹ Cr.)	53,891.40
MCap Rank	13
PB Ratio(x)	8.61
Div Yield(%)	-
Face Value(₹)	2.00
52W High(₹)	1,891.35
52W Low(₹)	1,408.05
MCap/Sales	1.07
Beta(1 Month)	1.58
BV/Share(₹)	186.02

1 Day	-2.27%
1 Month	-7.87%
3 Months	-9.47%
1 Year	1.69%
3 Years	127.65%
5 Years	53.61%

1 Day	-2.39%
1 Month	-7.86%
3 Months	-9.49%
1 Year	1.68%
3 Years	127.58%
5 Years	53.51%

R1	1593.17	Pivot 1573.83	S1	1542.77
R2	1624.23		S2	1523.43
R3	1674.63		S3	1473.03

Max Financial Services Share Price

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Max Financial Share Recommendations

News & Analysis

Financials

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Technicals

Peer Comparison

Shareholding Pattern

Mutual Funds Ownership

HDFC Mid Cap Direct-G

Nippon India Multi Cap Direct-G

Kotak Midcap Direct-G

Max Financial Futures & Options

Max Financial Top Searches

Corporate Actions

About Max Financial

Executive Leadership

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