Max Financial Financials
NSE: MFSL | BSE: 500271
₹1,548.40
As on 04-Sep-2026 15:56IST
Market cap
₹53,308 Cr
Revenue (TTM)
₹49,822 Cr
P/E Ratio
485.1
P/B Ratio
9.9
Div. Yield
0 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Income
|
49,821.97
|
47,664.34
|
46,459.58
|
46,572.32
|
31,384.04
|
31,156.49
|
|||||
|
Other Income
|
26.17
|
39.04
|
42.16
|
52.32
|
47.86
|
33.65
|
|||||
|
Total Income
|
49,848.14
|
47,703.39
|
46,501.75
|
46,624.65
|
31,431.91
|
31,190.14
|
|||||
|
Interest Expense
|
127.71
|
170.28
|
102.21
|
93.13
|
57.24
|
67.00
|
|||||
|
Operating Expenses
|
49,562.09
|
47,078.67
|
45,711.91
|
45,902.58
|
30,669.69
|
30,554.26
|
|||||
|
Exceptional Income/Expenses
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Profit before Tax
|
156.21
|
119.79
|
450.11
|
416.11
|
527.21
|
388.66
|
|||||
|
Taxes
|
20.46
|
15.33
|
43.36
|
22.56
|
75.31
|
70.25
|
|||||
|
Profit after Tax
|
135.75
|
104.46
|
406.76
|
393.55
|
451.89
|
318.40
|
|||||
|
Minority Interest
|
-27.51
|
-21.59
|
-76.17
|
-52.50
|
-73.41
|
-65.03
|
|||||
|
Share of Associate
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Consolidated Profit
|
109.89
|
83.99
|
327.23
|
340.11
|
378.49
|
253.37
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
5,281.79
|
5,281.79
|
5,274.52
|
3,865.93
|
3,518.24
|
3,934.61
|
|||||
|
Minority Interest
|
-27.51
|
1,138.20
|
1,128.72
|
503.61
|
450.26
|
550.30
|
|||||
|
Non-Current Liabilities
|
1,240.44
|
2,458.21
|
1,597.53
|
890.75
|
1,246.72
|
777.32
|
|||||
|
Current Liabilities
|
1,91,275.13
|
1,90,028.64
|
1,82,175.83
|
1,57,508.87
|
1,27,038.65
|
1,12,485.02
|
|||||
|
Total Liabilities
|
1,98,935.56
|
1,98,935.55
|
1,90,179.65
|
1,62,771.45
|
1,32,257.71
|
1,17,747.25
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
635.69
|
3,559.33
|
3,277.25
|
3,170.90
|
1,21,275.08
|
1,06,426.31
|
|||||
|
Current Assets
|
1,96,408.22
|
1,95,347.51
|
1,86,848.54
|
1,59,544.10
|
10,978.79
|
11,320.94
|
|||||
|
Total Assets
|
1,98,935.56
|
1,98,935.55
|
1,90,179.65
|
1,62,771.45
|
1,32,257.71
|
1,17,747.25
|
|||||
|
Contingent Liabilities
|
--
|
297.35
|
211.37
|
180.12
|
169.88
|
225.70
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
11,472.70
|
8,351.60
|
6,104.36
|
9,922.29
|
8,495.86
|
|||||
|
Cash Flow from Investing Activities
|
--
|
-11,124.61
|
-9,703.11
|
-5,001.31
|
-11,555.05
|
-8,835.38
|
|||||
|
Cash from Financing Activities
|
--
|
566.68
|
1,961.41
|
-116.98
|
-232.76
|
387.97
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
914.77
|
609.90
|
986.06
|
-1,865.53
|
48.45
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
3.14
|
2.45
|
9.53
|
9.90
|
11.02
|
7.34
|
|||||
|
Cash EPS (₹)
|
3.18
|
12.79
|
18.76
|
17.65
|
18.33
|
14.45
|
|||||
|
Adjusted Book Value (₹)
|
155.55
|
152.91
|
153.11
|
112.32
|
102.28
|
114.01
|
|||||
|
Dividend per Share (₹)
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Cash Flow per Share (₹)
|
--
|
334.19
|
243.17
|
177.65
|
288.77
|
246.17
|
|||||
|
Free Cash Flow per Share (₹)
|
--
|
9.68
|
25.54
|
0.14
|
37.67
|
11.15
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
4.32
|
10.34
|
12.09
|
13.76
|
11.69
|
|||||
|
ROE (%)
|
2.05
|
1.99
|
8.92
|
10.67
|
12.13
|
8.75
|
|||||
|
ROA (%)
|
0.07
|
0.05
|
0.23
|
0.27
|
0.36
|
0.30
|
|||||
|
EBIT Margin (%)
|
0.52
|
0.53
|
1.10
|
0.98
|
1.71
|
1.35
|
|||||
|
Net Margin (%)
|
0.27
|
0.22
|
0.87
|
0.84
|
1.44
|
1.02
|
|||||
|
Cash Profit Margin (%)
|
--
|
0.92
|
1.39
|
1.30
|
2.01
|
1.60
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
4.91
|
2.59
|
-0.24
|
48.39
|
0.73
|
-0.29
|
|||||
|
EBIT Growth (%)
|
-35.15
|
-50.79
|
11.65
|
-14.85
|
27.15
|
2.46
|
|||||
|
Net Profit Growth (%)
|
4.76
|
-74.32
|
3.36
|
-12.91
|
41.92
|
-43.12
|
|||||
|
EPS Growth (%)
|
-59.23
|
-74.32
|
-3.74
|
-10.14
|
50.04
|
-40.44
|
|||||
|
Book Value Growth (%)
|
--
|
-0.17
|
36.25
|
9.81
|
-10.67
|
17.73
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
485.10
|
609.83
|
120.45
|
101.21
|
57.65
|
102.69
|
|||||
|
Price / Book Value
|
9.93
|
9.76
|
7.50
|
8.92
|
6.21
|
6.61
|
|||||
|
Dividend Yield (%)
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
EV/EBITDA
|
184.42
|
81.10
|
49.28
|
45.97
|
27.62
|
40.48
|
|||||
|
Close Price (₹)
|
1,584.00
|
1,490.70
|
1,147.70
|
1,002.20
|
635.00
|
753.90
|
|||||
|
High Price (₹)
|
1,892.50
|
1,892.50
|
1,311.20
|
1,069.15
|
885.00
|
1,148.05
|
|||||
|
Low Price (₹)
|
1,408.05
|
1,085.00
|
864.00
|
599.10
|
604.40
|
700.00
|
|||||
|
Market Cap (₹ Cr)
|
53,308.15
|
51,220.10
|
39,416.31
|
34,421.60
|
21,818.19
|
26,018.78
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
--
|
0.35
|
0.20
|
0.13
|
0.15
|
0.13
|
|||||
|
Short term debt to equity ratio
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Current Ratio
|
1.03
|
1.03
|
1.03
|
1.01
|
0.09
|
0.10
|
|||||
|
Quick Ratio
|
1.03
|
1.03
|
1.03
|
1.01
|
0.09
|
0.10
|
|||||
|
Interest Coverage
|
2.22
|
1.70
|
5.40
|
5.47
|
10.21
|
6.80
|