Max Financial Services Limited (NSE:MFSL)

Max Financial Services Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Other Investments	59,283	54,878	60,509	40,631	33,724
Total Investments	60,121	55,732	61,378	41,566	34,623
Cash & Equivalents	8,581	11,204	5,689	5,072	4,475
Reinsurance Recoverable	1,219	1,768	-	-	-
Other Receivables	1,573	1,064	0.4	26.15	41.71
Separate Account Assets	1,548,511	1,240,935	1,102,461	927,445	699,603
Property, Plant & Equipment	29.06	38.49	43.11	251.21	255.02
Goodwill	5,253	5,253	5,253	5,253	5,253
Other Intangible Assets	3.46	-	-	-	-
Other Current Assets	2,337	2,118	2,648	954.64	913.21
Long-Term Deferred Tax Assets	23.38	38.57	12.99	88.43	99.37
Long-Term Deferred Charges	83.48	84.24	-	-	-
Other Long-Term Assets	0.17	3.24	0.4	-	-
Total Assets	1,627,735	1,318,238	1,177,486	980,656	745,262
Accounts Payable	14,865	17,095	14,147	11,693	8,094
Accrued Expenses	408.19	322.85	1,667	1,576	1,117
Insurance & Annuity Liabilities	1,536,949	1,229,417	1,081,903	896,385	691,644
Unpaid Claims	8,649	9,044	8,625	4,770	2,128
Unearned Premiums	3,448	3,353	3,779	4,002	1,817
Current Portion of Leases	589.1	549.5	533.19	524.32	514.7
Current Income Taxes Payable	-	-	-	10.94	1,238
Long-Term Debt	5,207	5,207	5,206	-	-
Long-Term Leases	2,566	2,456	1,941	2,260	2,677
Long-Term Deferred Tax Liabilities	58.77	0.14	38.18	566.97	-
Other Current Liabilities	3,369	2,296	2,518	805.32	3,966
Other Long-Term Liabilities	7,842	8,744	12,193	21,897	3,492
Total Liabilities	1,584,039	1,278,553	1,132,636	944,606	717,074
Common Stock	687.25	687.22	690.23	690.18	539.02
Additional Paid-In Capital	46,805	46,805	46,805	46,791	4,248
Retained Earnings	-8,278	-11,588	-8,571	-14,483	16,156
Treasury Stock	-1,196	-1,216	-	-	-
Comprehensive Income & Other	641.45	494.82	422.18	431.69	522.04
Total Common Equity	38,659	35,182	39,346	33,430	21,465
Minority Interest	5,036	4,503	5,503	2,621	6,723
Shareholders' Equity	43,695	39,685	44,849	36,050	28,189
Total Liabilities & Equity	1,627,735	1,318,238	1,177,486	980,656	745,262
Filing Date Shares Outstanding	343.63	343.61	345.11	345.09	269.51
Total Common Shares Outstanding	343.63	343.61	345.11	345.09	269.51
Total Debt	8,362	8,212	7,680	2,784	3,192
Net Cash (Debt)	218.94	2,992	-1,991	2,288	1,282
Net Cash Growth	-92.68%	-	-	78.39%	-74.64%
Net Cash Per Share	0.63	8.67	-5.77	7.80	4.76
Book Value Per Share	112.50	102.39	114.01	96.87	79.65
Tangible Book Value	33,403	29,930	34,094	28,177	16,213
Tangible Book Value Per Share	97.21	87.10	98.79	81.65	60.16
Buildings	2.91	2.91	2.91	264.08	264.08
Machinery	43.45	47.65	47.87	50.68	68.04
Leasehold Improvements	-	11.8	11.8	11.8	4.6

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.