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- Max Financial Services
Max Financial Services share price
NSE: MFSLFinancialsInsurance - Life
Max Financial Services at a glance
Max Financial Services (NSE: MFSL) closed at ₹1,250.40 on 22 Oct 2026, down 0.17% on the day. With a market capitalisation of ₹43,153 Cr, it ranks 214th by market cap among the 4,183 NSE companies Pivot tracks (a mid-cap company by SEBI's rank bands). It belongs to the Financials sector; its industry is Insurance - Life.
At its last close the stock traded at 100× trailing earnings, against a return on equity of 1.6% in FY26. Over the past year the share price has fallen 22.1%. Its 52-week range is ₹1,227.90 (22 Oct 2026) to ₹1,892.50 (23 Feb 2026); the last close is 33.9% below the high. In Q4 FY26, the quarter ended 31 Mar 2026, revenue was ₹10,802 Cr (−12.7% year on year) and net profit −₹32 Cr (−182.3%), on a consolidated basis. Promoters held 1.25% of the company as of 30 Jun 2026; 26.92% of promoter shares were pledged.
Key numbers
- Market cap
- ₹43,153 CrRank 214 on NSE
- P/E (trailing)
- 100×
- Price to book
- 9.7×FY26
- EPS (TTM)
- ₹2.41to Q4 FY26
- ROE
- 1.6%FY26
- ROCE
- 3.0%FY26
- Net profit margin
- 0.2%FY26
- Book value / share
- ₹153.85FY26
- 52-week high
- ₹1,892.5023 Feb 2026
- 52-week low
- ₹1,227.9022 Oct 2026
- 1-year return
- −22.1%
- RSI (14-day)
- 28.5
Returns to 22 Oct 2026
| Period | 1 day | 1 week | 1 month | 3 months | 1 year |
|---|---|---|---|---|---|
| Price change | −0.17% | −2.5% | −20.1% | −18.0% | −22.1% |
Max Financial Services quarterly results
| Quarter | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11,799 Cr | ₹13,372 Cr | ₹8,923 Cr | ₹12,376 Cr | ₹12,822 Cr | ₹9,792 Cr | ₹14,259 Cr | ₹10,802 Cr |
| Revenue YoY | +28.7% | +31.6% | −27.8% | −16.9% | +8.7% | −26.8% | +59.8% | −12.7% |
| Net profit | ₹156 Cr | ₹139 Cr | ₹70 Cr | ₹38 Cr | ₹86 Cr | ₹6 Cr | ₹45 Cr | −₹32 Cr |
| Net profit YoY | +54.2% | −18.2% | −59.2% | — | −44.6% | −95.8% | −35.9% | −182.3% |
| Net margin | 1.3% | 1.0% | 0.8% | 0.3% | 0.7% | 0.1% | 0.3% | −0.3% |
| EPS | ₹3.69 | ₹3.26 | ₹1.62 | ₹0.96 | ₹2.03 | ₹0.12 | ₹1.07 | −₹0.81 |
Max Financial Services financials
| Item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹31,274 Cr | ₹31,181 Cr | ₹31,413 Cr | ₹46,576 Cr | ₹46,469 Cr | — |
| Operating profit | ₹593 Cr | ₹389 Cr | ₹527 Cr | ₹415 Cr | ₹450 Cr | — |
| Net profit | ₹560 Cr | ₹318 Cr | ₹452 Cr | ₹393 Cr | ₹403 Cr | — |
| EPS (₹) | ₹15.00 | ₹7.00 | ₹11.00 | ₹10.00 | ₹10.00 | — |
| Cash from operations | ₹8,621 Cr | ₹8,496 Cr | ₹9,922 Cr | ₹6,107 Cr | ₹8,352 Cr | — |
| Total debt | ₹0 Cr | ₹0 Cr | ₹521 Cr | ₹521 Cr | ₹0 Cr | ₹0 Cr |
| Shareholders' equity | ₹3,343 Cr | ₹3,935 Cr | ₹3,518 Cr | ₹3,866 Cr | ₹5,275 Cr | ₹5,282 Cr |
Max Financial Services shareholding pattern
| Holder | 31 Mar 2025 | 30 Jun 2025 | 30 Sep 2025 | 31 Dec 2025 | 31 Mar 2026 | 30 Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 1.74% | 1.74% | 1.71% | 1.25% | 1.25% | 1.25% |
| Foreign institutions | 44.75% | 44.72% | 44.78% | 45.14% | 47.88% | 48.06% |
| Domestic institutions | 47.30% | 47.29% | 47.26% | 47.35% | 44.75% | 44.34% |
| Non-institutions | 6.21% | 6.25% | 6.24% | 6.26% | 6.12% | 6.35% |
| Promoter shares pledged | 28.67% | — | — | — | 42.07% | 26.92% |
Max Financial Services vs peers
The listed Financials companies nearest to Max Financial Services by market capitalisation.
| Company | Price | 1 day | 1 year | Market cap | P/E | ROE |
|---|---|---|---|---|---|---|
| SUNDARMFINSundaram Finance | ₹4,095.90 | −0.11% | −7.3% | ₹45,507 Cr | 21.9 | 13.8% |
| PIRAMALFINPiramal Finance | ₹1,961.00 | −2.92% | — | ₹44,451 Cr | 29.7 | 5.3% |
| AIILAuthum Investment & Infrastructure | ₹517.30 | −0.99% | −17.2% | ₹43,930 Cr | 8.4 | 13.1% |
| MFSLMax Financial Services | ₹1,250.40 | −0.17% | −22.1% | ₹43,153 Cr | 100 | 1.6% |
| HDBFSHDB Financial Services | ₹512.25 | +0.23% | −30.8% | ₹42,536 Cr | 16.6 | 13.8% |
| 360ONE360 ONE WAM | ₹1,044.40 | +0.91% | −6.9% | ₹42,474 Cr | 35.9 | 12.4% |
| M&MFINMahindra & Mahindra Financial Services | ₹283.35 | −4.92% | +0.9% | ₹39,385 Cr | 22.6 | 10.7% |
Ask anything about Max Financial Services
Pivot answers on the live chart with evidence you can check, and tests strategies against MFSL's own history. Try: “Why has MFSL moved over the last three months?” · “Backtest a 50-day moving-average crossover on MFSL over five years” · “Compare MFSL with SUNDARMFIN on margins and valuation”
Frequently asked questions about Max Financial Services
What is the share price of Max Financial Services today?
Max Financial Services (NSE: MFSL) last closed at ₹1,250.40 on 22 Oct 2026. Its 52-week high is ₹1,892.50 and its 52-week low is ₹1,227.90.
What is the market cap of Max Financial Services?
Max Financial Services' market capitalisation is ₹43,153 Cr (₹43,153 Cr) at the 22 Oct 2026 close, ranking 214th among the NSE companies Pivot tracks.
What is the P/E ratio of Max Financial Services?
Max Financial Services trades at a trailing P/E of 100. The median P/E of the 6 closest Financials peers by market cap is 22.6.
What is the ROE and ROCE of Max Financial Services?
Return on equity was 1.6% in FY26 and return on capital employed was 3.0% in FY26 (consolidated figures).
What were Max Financial Services' latest quarterly results?
For Q4 FY26 (quarter ended 31 Mar 2026), Max Financial Services reported revenue of ₹10,802 Cr, −12.7% year on year, and net profit of −₹32 Cr, −182.3% year on year.
How has Max Financial Services stock performed over the last year?
Max Financial Services' share price has fallen 22.1% over the past year, −18.0% over three months and −20.1% over one month, to the 22 Oct 2026 close.
What is the shareholding pattern of Max Financial Services?
As of 30 Jun 2026: promoters 1.25%, foreign institutions 48.06%, domestic institutions 44.34%, non-institutions 6.35%. 26.92% of promoter shares were pledged.
Who are Max Financial Services' competitors?
The listed Financials companies closest to Max Financial Services by market cap are Sundaram Finance, Piramal Finance, Authum Investment & Infrastructure, HDB Financial Services, 360 ONE WAM and Mahindra & Mahindra Financial Services.
Is Max Financial Services a good stock to buy?
Pivot does not give buy or sell recommendations. This page sets out Max Financial Services' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on MFSL against its own history before risking money. This is analysis, not financial advice.
Sources and method
Prices: NSE daily closes to 22 Oct 2026 (returns and ratios at the 22 Oct 2026 close). Fundamentals: company filings via Moneycontrol, consolidated where available. Shareholding: exchange shareholding-pattern filings. The 52-week range uses intraday highs and lows; the chart marks closing prices. P/E is the last close over trailing twelve-month EPS. Market-cap rank is among the 4,183 NSE companies Pivot tracks; SEBI's bands call the top 100 large-cap and the next 150 mid-cap. Figures marked “—” are not available rather than zero. This is analysis, not financial advice.
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