MAX FINANCIAL SERV LTD (MFSL) financials — quarterly results, P&L, cash flow, balance sheet, shareholding

Max Financial Services Limited incorporated on 24 February, 1988 is part of India’s leading business conglomerate – the Max Group. Company is primarily engaged in growing and nurturing business investments and providing management advisory services to Indian group companies.[1]It owns and actively…

MFSLUpdated 25 Jul 2026, 9:13

Max Financial Serv Ltd

Market Cap

₹52,302Cr.

Current Price

₹1,516

High / Low

₹1,892/1,408

Stock P/E

8,865

Book Value₹196
Dividend Yield0.00%
ROCE0.12%
ROE0.09%
Face Value₹2.00

About

Max Financial Services Limited incorporated on 24 February, 1988 is part of India’s leading business conglomerate – the Max Group. Company is primarily engaged in growing and nurturing business investments and providing management advisory services to Indian group companies.[1]It owns and actively manages an 81.83% majority stake in Max Life Insurance, India’s largest non-bank life insurer and 4th largest private life insurance company.[2]

Quarterly results

Last reported quarters₹ Cr.

Profit & loss

Annual statement₹ Cr.

Shareholding pattern

As of Jun 2026%

Shareholding trend

Ownership over time%

Balance sheet

Assets & liabilities₹ Cr.

Cash flows

Operating, investing & financing₹ Cr.

Key ratios

Historical financial ratios
CategoryMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0.0016.7810.989.2625.0814.2022.8027.48109.03208.79259.86122.56
Inventory Days
Days Payable
Cash Conversion Cycle0.0016.7810.989.2625.0814.2022.8027.48109.03208.79259.86122.56
Working Capital Days-13.26-95.96-20.32-113.37-189.72-156.93-3.44-6.4244.4242.54-22.73315.47
ROCE %13.75%4.50%8.80%7.68%3.92%18.52%2.91%2.20%0.29%-0.17%-0.13%0.12%

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 25 July 2026 at 9:13


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