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    Max Financial Services Limited

    Holding company with an 81% stake in Axis Max Life Insurance, India's 4th-largest private life insurer.

    Financial Services
    Financial Services
    View MFSL earnings calls
    ₹1,538
    -5.35% from avg

    Overview

    Price

    ₹1,538

    Market Cap

    ₹52.1k Cr

    Sector

    Financial Services

    Financial Services

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital5469696969696969
    Reserves2.1k3.3k3.9k3.5k3.8k5.2k5.2k5.2k
    Borrowings335225235231.0k1.8k1.9k
    Other Liabilities72.4k94.7k113.3k127.8k158.4k183.7k189.7k191.8k
    Total Liabilities74.5k98.1k117.7k131.8k162.8k190.0k196.9k198.9k
    AssetsFixed Assets641639616614612610608607
    CWIP00000000
    Investments68.6k91.8k109.8k123.4k153.0k179.8k10.2k9.7k
    Other Assets5.3k5.7k7.3k7.9k9.2k9.5k186.1k188.6k
    Total Assets74.5k98.1k117.7k131.8k162.8k190.0k196.9k198.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating8.8k5.5k6.9k8.5k9.9k6.1k8.4k11.5k
    Cash from Investing-8.8k-5.0k-6.9k-8.8k-11.6k-5.0k-9.7k-11.1k
    Cash from Financing-174-383-92388-233-1172.0k567
    SummaryCapital Expenditure
    Free Cash Flow8.7k5.3k6.8k8.4k9.8k5.9k8.1k11.2k
    FCF Margin

    Valuation

    Banks & financials don't fit this model

    Lenders and insurers have a fundamentally different capital structure. Discounting net profit misvalues them — we exclude them rather than mislead you.

    MFSL · FINANCIALS_SECTOR

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