# Max Financial Services (NSE: MFSL) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/MFSL · Pivot · prices to 22 Oct 2026

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

| Metric | Value |
| --- | --- |
| Last close | ₹1,250.40 |
| Market cap | ₹43,153 Cr |
| P/E (trailing) | 100 |
| ROE | 1.6% (FY26) |
| ROCE | 3.0% (FY26) |
| Debt to equity | 0.35 |
| 52-week high | ₹1,892.50 (23 Feb 2026) |
| 52-week low | ₹1,227.90 (22 Oct 2026) |
| 1-year return | −22.1% |

## Quarterly results (₹ crore, consolidated)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q4 FY26 | ₹10,802 Cr | −12.7% | −₹32 Cr | −182.3% | −₹0.81 |
| Q3 FY26 | ₹14,259 Cr | +59.8% | ₹45 Cr | −35.9% | ₹1.07 |
| Q2 FY26 | ₹9,792 Cr | −26.8% | ₹6 Cr | −95.8% | ₹0.12 |
| Q1 FY26 | ₹12,822 Cr | +8.7% | ₹86 Cr | −44.6% | ₹2.03 |
| Q4 FY25 | ₹12,376 Cr | −16.9% | ₹38 Cr | — | ₹0.96 |
| Q3 FY25 | ₹8,923 Cr | −27.8% | ₹70 Cr | −59.2% | ₹1.62 |
| Q2 FY25 | ₹13,372 Cr | +31.6% | ₹139 Cr | −18.2% | ₹3.26 |
| Q1 FY25 | ₹11,799 Cr | +28.7% | ₹156 Cr | +54.2% | ₹3.69 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹46,469 Cr | ₹403 Cr |
| FY24 | ₹46,576 Cr | ₹393 Cr |
| FY23 | ₹31,413 Cr | ₹452 Cr |
| FY22 | ₹31,181 Cr | ₹318 Cr |
| FY21 | ₹31,274 Cr | ₹560 Cr |
| FY20 | ₹18,240 Cr | ₹273 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 1.25%
- Foreign institutions: 48.06%
- Domestic institutions: 44.34%
- Non-institutions: 6.35%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [Sundaram Finance](https://app.pivotnow.in/stock/SUNDARMFIN) | ₹4,095.90 | ₹45,507 Cr | 21.9 | 13.8% |
| [Piramal Finance](https://app.pivotnow.in/stock/PIRAMALFIN) | ₹1,961.00 | ₹44,451 Cr | 29.7 | 5.3% |
| [Authum Investment & Infrastructure](https://app.pivotnow.in/stock/AIIL) | ₹517.30 | ₹43,930 Cr | 8.4 | 13.1% |
| [HDB Financial Services](https://app.pivotnow.in/stock/HDBFS) | ₹512.25 | ₹42,536 Cr | 16.6 | 13.8% |
| [360 ONE WAM](https://app.pivotnow.in/stock/360ONE) | ₹1,044.40 | ₹42,474 Cr | 35.9 | 12.4% |
| [Mahindra & Mahindra Financial Services](https://app.pivotnow.in/stock/M%26MFIN) | ₹283.35 | ₹39,385 Cr | 22.6 | 10.7% |

## Questions and answers

### 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.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.