Max Financial Services Limited (NSE:MFSL)

Max Financial Services Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 12, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Market Capitalization	567,958	394,379	344,366	219,148	260,182	296,588
Market Cap Growth	33.57%	14.52%	57.14%	-15.77%	-12.28%	186.13%
Enterprise Value	596,534	408,865	350,283	228,453	270,317	302,392
PE Ratio	400.96	120.52	101.25	57.90	102.69	69.72
PS Ratio	1.15	0.85	0.74	0.70	0.83	0.95
PB Ratio	8.80	6.16	7.88	5.52	5.80	8.23
P/FCF Ratio	-	4.85	5.86	2.25	3.11	4.36
P/OCF Ratio	-	4.72	5.64	2.21	3.06	4.30
EV/Sales Ratio	1.21	0.88	0.75	0.73	0.87	0.97
EV/EBITDA Ratio	127.55	66.90	61.99	36.35	52.97	45.29
EV/EBIT Ratio	182.02	74.25	68.92	39.59	57.66	47.79
EV/FCF Ratio	-	5.03	5.96	2.34	3.23	4.44
Debt / Equity Ratio	0.35	0.22	0.19	0.21	0.17	0.08
Debt / EBITDA Ratio	4.88	2.09	1.32	1.18	1.35	0.38
Debt / FCF Ratio	-	0.18	0.14	0.08	0.09	0.04
Net Debt / Equity Ratio	0.27	0.06	0.00	-0.07	0.04	-0.06
Net Debt / EBITDA Ratio	4.37	0.60	-0.04	-0.48	0.39	-0.34
Net Debt / FCF Ratio	-	0.05	0.00	-0.03	0.02	-0.03
Quick Ratio	-	0.30	0.32	0.38	0.18	0.22
Current Ratio	-	0.38	0.45	0.50	0.27	0.26
Asset Turnover	-	0.26	0.32	0.25	0.29	0.36
Return on Equity (ROE)	-	7.55%	9.44%	10.69%	7.87%	17.43%
Return on Assets (ROA)	-	0.19%	0.22%	0.29%	0.27%	0.46%
Return on Invested Capital (ROIC)	3.67%	7.63%	9.62%	9.85%	8.41%	17.02%
Earnings Yield	0.25%	0.83%	0.99%	1.73%	0.97%	1.43%
FCF Yield	-	20.62%	17.08%	44.48%	32.16%	22.96%
Buyback Yield / Dilution	0.86%	0.04%	0.45%	0.01%	-17.69%	-8.79%
Total Shareholder Return	0.86%	0.04%	0.45%	0.01%	-17.69%	-8.79%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.