Max Financial Services
Max Financial Services Share Price Chart
Max Financial Services last traded at ₹1,304.60 (2026-10-13). Over the past month the stock moved -11.2%, three months the stock moved -24.4%, year the stock moved -16.5%. Its closing range over 52 weeks is ₹1,303.05 – ₹1,848.95, with the latest close 29.4% below the high.
Closing prices up to 2026-10-13.
About Max Financial Services
Max Financial Services Limited incorporated on 24 February, 1988 is part of India’s leading business conglomerate – the Max Group. Company is primarily engaged in growing and nurturing business investments and providing management advisory services to Indian group companies.[1] It owns and actively manages an 81.83% majority stake in Max Life Insurance, India’s largest non-bank life insurer and 4th largest private life insurance company. [2]
Axis Max Life Insurance[1] Axis Max Life Insurance is a Joint Venture between Max Financial Services Limited (MFSL) and Axis Bank Limited. MFSL is part of India’s leading business conglomerate - the Max Group. Focused on Life Insurance, MFSL actively manages an 81% majority stake in Axis Max Life Insurance Limited (formerly known as Max Life Insurance Company Limited).
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), Max Financial Services reported sales of ₹14,970.00 crore (+16.8%) and net profit of ₹118.00 crore (+37.2%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 14,970 | 167.00 | 1.10 | 118.00 | 2.77 |
| Mar 2026 | 10,802 | -6.00 | -0.10 | -32.00 | -0.76 |
| Dec 2025 | 14,259 | 78.00 | 0.60 | 45.00 | 1.06 |
| Sep 2025 | 9,792 | 21.00 | 0.20 | 6.00 | 0.12 |
| Jun 2025 | 12,822 | 119.00 | 0.90 | 86.00 | 2.02 |
| Mar 2025 | 12,376 | 20.00 | 0.20 | 38.00 | 0.91 |
| Dec 2024 | 8,923 | 89.00 | 1.00 | 70.00 | 1.62 |
| Sep 2024 | 13,372 | 173.00 | 1.30 | 139.00 | 3.26 |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +31.5% | -27.8% | -16.9% | +8.7% | -26.8% | +59.8% | -12.7% | +16.8% |
| Operating profit growth | +20.1% | -57.4% | – | -37.4% | -87.9% | -12.4% | -130.0% | +40.3% |
| Net profit growth | -18.2% | -59.1% | – | -44.9% | -95.7% | -35.7% | -184.2% | +37.2% |
| EPS growth | -24.0% | -62.3% | – | -45.3% | -96.3% | -34.6% | -183.5% | +37.1% |
| OPM % | 1.3% | 1.0% | 0.2% | 0.9% | 0.2% | 0.6% | -0.1% | 1.1% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), Max Financial Services reported sales of ₹47,674.00 crore (+2.6%) and net profit of ₹106.00 crore (-73.7%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 47,674 | 212.00 | 0.00 | 106.00 | 2.43 |
| Mar 2025 | 46,469 | 472.00 | 1.00 | 403.00 | 9.48 |
| Mar 2024 | 46,580 | 424.00 | 1.00 | 393.00 | 9.85 |
| Mar 2023 | 31,415 | 554.00 | 2.00 | 452.00 | 10.97 |
| Mar 2022 | 31,182 | 413.00 | 1.00 | 318.00 | 7.34 |
| Mar 2021 | 31,275 | 585.00 | 2.00 | 560.00 | 12.33 |
| Mar 2020 | 18,240 | 452.00 | 2.00 | 273.00 | 5.38 |
| Mar 2019 | 19,510 | 507.00 | 3.00 | 416.00 | 9.75 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +19.4% | -6.5% | +71.5% | -0.3% | +0.7% | +48.3% | -0.2% | +2.6% |
| Operating profit growth | -4.5% | -10.8% | +29.4% | -29.4% | +34.1% | -23.5% | +11.3% | -55.1% |
| Net profit growth | -5.9% | -34.4% | +105.1% | -43.2% | +42.1% | -13.1% | +2.5% | -73.7% |
| EPS growth | -8.6% | -44.8% | +129.2% | -40.5% | +49.5% | -10.2% | -3.8% | -74.4% |
| OPM % | 3.0% | 2.0% | 2.0% | 1.0% | 2.0% | 1.0% | 1.0% | 0.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Shareholding
AI Analysis
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SEBI drops Max Financial Services case in ₹3,911 crore transaction matter - scanx.trade
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Max Financial Services shareholders approve all five AGM resolutions - scanx.trade
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Max Financial Services Q1 Profit Rises 37% to Rs 118 Cr
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Max Financial Services Limited Submits Business Responsibility and Sustainability Report for FY 2025-26 - scanx.trade
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Max Financial Services Ltd eases for fifth straight session - Business Standard
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Buy Max Financial Services; target of Rs 2075: Prabhudas Lilladher - Moneycontrol.com
Frequently Asked Questions
What is the share price of Max Financial Services today?
Max Financial Services shares were last quoted at ₹1,304.60 (-0.4% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of Max Financial Services?
Max Financial Services has a price-to-earnings (P/E) ratio of 454.75 and a price-to-book (P/B) ratio of 9.24. The industry P/E is 39.42.
What is the 52-week high and low of Max Financial Services?
The 52-week high of Max Financial Services is ₹1,891.35 and the 52-week low is ₹1,360.00.
What is the market cap of Max Financial Services?
The market capitalisation of Max Financial Services is about ₹49,907.05 crore.
How did Max Financial Services perform in its latest quarterly results?
In the latest quarter (Jun 2026), Max Financial Services reported sales of ₹14,970.00 crore (+16.8%) and net profit of ₹118.00 crore (+37.2%), compared with the same quarter last year.
Is Max Financial Services a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, Max Financial Services has a 3-year ROE of 6.00%, 3-year profit growth of -40.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
What is the promoter holding in Max Financial Services?
Promoters hold about 1.25% of Max Financial Services.
Which sector does Max Financial Services belong to?
Max Financial Services belongs to the Finance - Others sector.