Is Max Financial Services (MFSL) overvalued or fairly valued?

MarketChacha shows Max Financial Services's valuation in context — a forward P/E of about 115.7, a price-to-book of about 8.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Max Financial Services's revenue?

Max Financial Services reported revenue of ₹16 Cr for FY2025, with net profit of ₹327 Cr, per official filings.

What is the share price of Max Financial Services (MFSL)?

Max Financial Services last traded at ₹1,281.00 (-1.1% on the day), as of 10/19/2026 — a delayed quote shown for education, not investment advice.

Max Financial Services

MFSL · NSE · Insurance · India

Snapshot

TickerMFSL

ExchangeNSE

SectorInsurance

IndustryInsurance - Life

CountryIndia

CEOMs. Mohini Daljeet Singh

Employees10

HeadquartersNoida, India

Websitewww.maxfinancialservices.com

Filings tracked6

About Max Financial Services

Max Financial Services Limited, through its subsidiary, engages in life insurance business in India. It operates through Business Investments and Others, and Life Insurance segments. The company offers participating and nonparticipating and linked products covering life insurance and pension and health benefits, including riders for individual and group through individual agents, corporate agents, banks, brokers, and other channels. It is also involved in treasury investment activities; and provision of management advisory services. Max Financial Services Limited was incorporated in 1988 and is based in Noida, India.

Who owns it

Promoters2.1%
Institutions78.9%
Public & other19.0%

128 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend0.8% → 2034.9%

Margin has expanded by about 2034.1 points — the business is getting more profitable.

Growth qualityrev -92% · PAT 9%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

EPS 0.00

Est. earnings growth -99.9%

Next fiscal year

Rev ₹69,086 Cr · EPS 11.07

Est. earnings growth +8.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Revenue (FY2025)

₹16 Cr

Net margin

2034.9%

Revenue CAGR (3y)

-92.0%

Profit CAGR (3y)

+8.9%

Net profit (FY2025)

₹327 Cr

Ask MarketChacha about MFSL

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2025	₹16 Cr	₹327 Cr	2034.9%
FY2024	₹46,618 Cr	₹-11 Cr	-0.0%
FY2023	₹58 Cr	₹378 Cr	650.0%
FY2022	₹31,188 Cr	₹253 Cr	0.8%

Quarterly

Period	Revenue	Net profit	Net margin
Q3 FY26	—	₹37 Cr	—
Q2 FY26	—	₹4 Cr	—
Q1 FY26	₹12,825 Cr	₹70 Cr	0.5%
Q4 FY25	—	₹31 Cr	—

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating
As per the disclosure attached
BSE9/18/2026
Disclosure Under The Extant Provisions Of The SEBI (Listing Obligations And Disclosure Requirements Regulations), 2015 ('SEBI Listing Regulations') On Receipt Of Final Order From SEBI In Relation To The Show Cause Notice Issued On October 24, 2024
As per the disclosure attached
BSE8/25/2026
Submission Of Link To The Audio Recording Of Earnings Conference Call
As per the disclosure attached
BSE8/13/2026
Disclosure Under The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR') Regarding Axis Max Life Insurance Limited ('Axis Max Life'), The Material Subsidiary Of The Company
As per the disclosure attached
BSE8/8/2026
Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR') Regarding Axis Max Life Insurance Limited ('Axis Max Life'), The Material Subsidiary Of The Company
As per the disclosure attached
BSE8/4/2026
Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR') Regarding Axis Max Life Insurance Limited ('Axis Max Life'), The Material Subsidiary Of The Company
As per the disclosure attached
BSE8/1/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.