Max Financial Services Limited (BOM:500271)

India · Delayed Price · Currency is INR

1,585.40

+10.60 (0.67%)

At close: Aug 21, 2026

Max Financial Services Financials Overview

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	498,432	476,915	464,946	466,125	314,237	311,860
Revenue Growth	4.89%	2.57%	-0.25%	48.34%	0.76%	-0.41%
Operating Income	3,298	2,852	5,507	5,083	5,771	4,688
Net Income	1,099	839.9	3,272	3,401	3,785	2,534
Earnings Per Share	3.20	2.45	9.53	9.90	10.97	7.34
EPS Growth	-59.13%	-74.31%	-3.75%	-9.74%	49.41%	-49.41%

Revenue by Segment

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Life Insurance	498,192	476,715	464,640	465,657	313,709	311,420
Business Investments	389.33	387.13	256.61	303.18	646.84	1,997
Inter Segment Elimination (Net)	-361.98	-360.88	-207.19	-204.14	-229.2	-1,605
Total	498,220	476,741	464,689	465,756	314,127	311,812

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Investments	21,371	21,371	10,706	8,573	11,204	5,689
Total Debt	23,403	23,403	14,381	8,362	8,212	7,680
Net Cash (Debt)	-2,031	-2,031	-3,675	210.91	2,992	-1,991
Net Cash Growth	-	-	-	-92.95%	-	-
Net Cash Per Share	-5.92	-5.92	-10.70	0.61	8.67	-5.77

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Cash Flow	-	114,727	83,516	61,044	99,223	84,959
Capital Expenditures	-	-2,444	-2,181	-2,228	-1,739	-1,280
Free Cash Flow	-	112,283	81,335	58,815	97,484	83,679
Free Cash Flow Growth	-	38.05%	38.29%	-39.67%	16.50%	22.89%

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Margin	0.66%	0.60%	1.18%	1.09%	1.84%	1.50%
Pretax Margin	0.31%	0.25%	0.97%	0.89%	1.68%	1.25%
Profit Margin	0.22%	0.18%	0.70%	0.73%	1.20%	0.81%
FCF Margin	-	23.54%	17.49%	12.62%	31.02%	26.83%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug '26 Aug 22, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
PE Ratio	495.07	609.57	120.52	101.25	57.90	102.69
P/FCF Ratio	4.85	4.56	4.85	5.86	2.25	3.11
PS Ratio	1.09	1.07	0.85	0.74	0.70	0.83