Max Financial Services Limited (NSE:MFSL)
India flag India · Delayed Price · Currency is INR
1,303.00
+45.50 (3.62%)
Nov 11, 2026, 3:29 PM IST

Max Financial Services Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
516,581476,915464,946466,125314,237311,860
Revenue Growth
17.55%2.57%-0.25%48.34%0.76%-0.41%
Operating Income
4,5112,8525,5075,0835,7714,688
Net Income
1,857839.93,2723,4013,7852,534
Earnings Per Share
5.422.459.539.9010.977.34
EPS Growth
15.24%-74.31%-3.75%-9.74%49.41%-49.41%

Revenue by Segment

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Life Insurance
516,285476,715464,640465,657313,709311,420
Business Investments
387.83387.13256.61303.18646.841,997
Inter Segment Elimination (Net)
-357.88-360.88-207.19-204.14-229.2-1,605
Total
516,315476,741464,689465,756314,127311,812

Cash & Debt

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
5,15221,37110,7068,57311,2045,689
Total Debt
25,29423,40314,3818,3628,2127,680
Net Cash (Debt)
-20,142-2,031-3,675210.912,992-1,991
Net Cash Growth
----92.95%--
Net Cash Per Share
-58.75-5.92-10.700.618.67-5.77

Cash Flow & CapEx

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
128,811114,72783,51661,04499,22384,959
Capital Expenditures
-2,407-2,444-2,181-2,228-1,739-1,280
Free Cash Flow
126,404112,28381,33558,81597,48483,679
Free Cash Flow Growth
20.13%38.05%38.29%-39.67%16.50%22.89%

Margins

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Margin
0.87%0.60%1.18%1.09%1.84%1.50%
Pretax Margin
0.50%0.25%0.97%0.89%1.68%1.25%
Profit Margin
0.36%0.18%0.70%0.73%1.20%0.81%
FCF Margin
24.47%23.54%17.49%12.62%31.02%26.83%

Valuation

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
240.54609.57120.52101.2557.90102.69
Forward PE
174.51114.5184.7959.8345.0849.58
P/FCF Ratio
3.544.564.855.862.253.11
PS Ratio
0.871.070.850.740.700.83