TipHub

1,497.9

-8.74 -0.58%

As of 27 Jul 2026 · delayed

NSE Listed

Max Financial Services Ltd. (MFSL)

Volume: 5,56,988Avg Vol 1W: 5,90,543Avg Vol 1M: 6,66,881.452W Range:1,433.61,892.5
Key Ratios
Checked 1d ago
Market Cap₹52,050 Cr
Current Price₹1,497.9
Previous Close₹1,506.64
High / Low (52w)₹1,892.5 / ₹1,433.6
Volume5,56,988
Avg Vol (1W)5,90,543
Avg Vol (1M)6,66,881.4
Stock P/E120.42
Book Value₹153.85
Dividend Yield0%
ROE8%
ROA4.4%
Revenue (TTM)₹46,497 Cr
Revenue Growth-0.2%
Profit Margin0.9%
Total Debt₹0 Cr
Shares Outstanding35 Cr
Face Value₹2
EPS (TTM)₹-0.77
P/B9.8
Debt / Equity0.17
50 DMA₹1,606.09
200 DMA₹1,646.49
Day change-0.58%
Price Chart
1,497.9 0.47% · 1Y
1870146447.2L
2025-07-29
2026-07-27

20-day avg volume: 6.7L shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 16% YoY.
  • Stock trades at a high P/E of 120.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
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
EBITDA₹0 Cr₹175 Cr₹91 Cr₹39 Cr₹121 Cr₹27 Cr₹86 Cr₹-3 Cr
Net Profit₹127 Cr₹113 Cr₹56 Cr₹31 Cr₹70 Cr₹4 Cr₹37 Cr₹-26 Cr
EPS
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹4 Cr₹4 Cr₹46,497 Cr₹4 Cr₹3 Cr₹3 Cr₹3 Cr₹17 Cr
EBITDA₹-2 Cr₹-1 Cr₹450 Cr₹-3 Cr₹-3 Cr₹-3 Cr₹2 Cr₹12 Cr
Net Profit₹-2 Cr₹-2 Cr₹327 Cr₹-3 Cr₹-3 Cr₹-3 Cr₹2 Cr₹10 Cr
EPS9.53
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹55,842 Cr₹67,156 Cr₹74,526 Cr₹98,066 Cr₹1,17,749 Cr₹1,31,824 Cr₹1,62,773 Cr₹1,89,999 Cr
Total Liabilities₹53,240 Cr₹64,323 Cr₹71,707 Cr₹94,461 Cr₹1,13,264 Cr₹1,27,855 Cr₹1,58,404 Cr₹1,83,595 Cr
Equity₹2,602 Cr₹2,833 Cr₹2,819 Cr₹3,605 Cr₹4,485 Cr₹3,968 Cr₹4,370 Cr₹6,403 Cr
Total Debt
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹7,622 Cr₹8,897 Cr₹5,516 Cr₹7,030 Cr₹8,566 Cr₹10,017 Cr₹6,125 Cr₹8,364 Cr
Investing₹-6,951 Cr₹-8,789 Cr₹-4,991 Cr₹-6,852 Cr₹-8,835 Cr₹-11,555 Cr₹-5,001 Cr₹-9,703 Cr
Financing₹-116 Cr₹-174 Cr₹-383 Cr₹-92 Cr₹388 Cr₹-233 Cr₹-117 Cr₹1,961 Cr
Free Cash Flow₹7,573 Cr₹8,797 Cr₹5,393 Cr₹6,947 Cr₹8,438 Cr₹9,843 Cr₹5,902 Cr₹8,146 Cr
Shareholding
Promoter 1.25% Institutions 92.4% Public 6.35%
Efficiency & Working Capital
ROCE2.8%
Interest Coverage10.4
Dividend Payout
Debtor Days0 d
Inventory Days0 d
Payable Days14 d
Cash Conversion Cycle-14 d
Working Capital Days0 d
Shareholding Details

As of 2026-06-30

Promoter1.3%
FII48.1%
DII44.3%
Institutions92.4%
Public6.4%
Promoter Pledge26.9%
No. of Shareholders80,336
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters6.5%6.5%6.5%6.5%3.3%3.3%1.7%1.7%1.7%1.3%1.3%1.3%
FIIs51.5%50.9%47.7%46.6%46.2%47.5%44.8%44.7%44.8%45.1%47.9%48.1%
DIIs35.1%36.1%39.9%40.7%44%42.7%47.3%47.3%47.3%47.4%44.7%44.3%
Public6.8%6.5%5.8%6.1%6.4%6.5%6.2%6.2%6.2%6.3%6.1%6.4%
Promoter Pledge58.7%59.6%69.2%72.6%0.1%0%28.7%0%0%0%42.1%26.9%
No. of Shareholders63,96659,68265,26067,02165,80468,53168,06280,46776,23975,63677,06980,336
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Mitsui Sumitomo Insurance Company LimitedPublic Shareholding21.9%7.55 Cr
Hdfc Mutual Fund - Hdfc Nifty Large Midc Ap 250 Index FundPublic Shareholding9.3%3.20 Cr
Nippon Life India Trustee Ltd-a/c Nippon India Nifty 500 Equal Weight Index FundPublic Shareholding5%1.73 Cr
Dsp Nifty 500 Index FundPublic Shareholding3.2%1.11 Cr
Kotak Mahindra Trustee Co Ltd A/c Kotak Nifty Alpha Low-volatility 30 Index FundPublic Shareholding3.2%1.10 Cr
Smallcap World Fund, IncPublic Shareholding3%1.02 Cr
Sbi Nifty Midcap 150 EtfPublic Shareholding2.1%72,06,562
Sbi Life Insurance Co. LtdPublic Shareholding2%70,02,343
Hdfc Life Insurance Companylimited -shareholders Solvency Margin AccountPublic Shareholding2%67,36,094
Aditya Birla Sun Life Trustee Private Limited A/c - Aditya Birla Sun Life Quant FundPublic Shareholding1.7%59,02,373
Government Pension Fund GlobalPublic Shareholding1.6%53,43,460
Invesco India Financial Services FundPublic Shareholding1.4%49,30,050
Max Ventures Investment Holdings Private LimitedShareholding of Promoter and Promoter Group1.2%39,95,923
Vanguard Total International Stock Index FundPublic Shareholding1.1%38,71,102
Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index FundsPublic Shareholding1.1%36,68,272
Kotak Funds - India Midcap FundPublic Shareholding1%36,00,000
Principal Funds, Inc. - Global Emerging Markets FundPublic Shareholding1%35,42,811
Canara Robeco Mutual Fund A/c Canara Rob Eco Multi Asset Allocation FundPublic Shareholding1%35,51,812
Analjit SinghShareholding of Promoter and Promoter Group0%1,10,000
Piya SinghShareholding of Promoter and Promoter Group0%1,10,333
Tara Singh VachaniShareholding of Promoter and Promoter Group0%1,00,000
Veer SinghShareholding of Promoter and Promoter Group0%0
Sahil VachaniShareholding of Promoter and Promoter Group0%0
Veda VachaniShareholding of Promoter and Promoter Group0%0
Avya VachaniShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Max Ventures Investment Holdings Private Limited11,62,02029.1%2026-06-30
Board of Directors
NameDesignationYear
Analjit SinghFounder / Chairman / NINED / Promoter2025
Sahil VachaniNon-Exec & Non-Independent Dir2025
Jai AryaIndependent Non Exe. Director2025
Charles Richard Vernon StaggIndependent Non Exe. Director2025
Hideaki NomuraNon Executive Director / Nominee2025
Mitsuru YasudaNon Executive Director / Nominee2025
K Narasimha MurthyIndependent Non Exe. Director2025
Malini ThadaniIndependent Director2025
Segments — Product
SegmentRevenueShare
Business Investments₹582 Cr100%
Segments — Geography
RegionRevenueShare
India₹555 Cr95.3%
Outside India₹27 Cr4.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2706969
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings
forthcomingBook ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202511005824
2025000011
20250005612
Insider / Designated-Person Trades

1 recent disclosure(s)

Max Ventures Investment Holdings P. Ltd.Disposal · 16,00,000
Substantial Acquisitions (SAST)

7 disclosure(s)

Market27/03/2025 · 31,82,068
Market27/03/2025 · 55,00,000
Market25/10/2024 · 80,318
Market05/09/2024 · 1,10,00,000
Market05/06/2024 · 2,29,800
Market22/04/2024 · 69,34,073
Company Information
Incorporated1988
ChairmanAnaljit Singh
AuditorS R Batliboi & Co LLP
Investor Email[email protected]
🌐 www.maxfinancialservices.com

📍 Bhai Mohan Singh Nagar, Railmajra Tehsil Balachaur, Nawanshahar, Punjab, 144533

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