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MAX FINANCIAL SERVICES Financial Statement Analysis
[BOM: 500271|NSE : MFSL]

The Revenues of MAX FINANCIAL SERVICES have decreased by -0.24% YoY .
The Earnings Per Share (EPS) of MAX FINANCIAL SERVICES has decreased by -3.74 % YoY.
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MAX FINANCIAL SERVICES Last 5 Annual Financial Results
[BOM: 500271|NSE : MFSL]

ConsolidatedMar2026
Mar2025
Mar2024
Mar2023
Mar2022
Operating Income ₹46,460 Cr₹46,572 Cr₹31,384 Cr₹31,156 Cr₹31,246 Cr
Expenses ₹45,712 Cr₹45,903 Cr₹30,670 Cr₹30,554 Cr₹30,672 Cr
Operating Profit (Excl OI) ₹748 Cr₹670 Cr₹714 Cr₹602 Cr₹574 Cr
Other Income ₹42 Cr₹52 Cr₹48 Cr₹34 Cr₹222 Cr
Interest ₹102 Cr₹93 Cr₹57 Cr₹67 Cr₹41 Cr
Depreciation ₹238 Cr₹213 Cr₹178 Cr₹180 Cr₹162 Cr
Profit Before Tax ₹450 Cr₹416 Cr₹527 Cr₹389 Cr₹593 Cr
Profit After Tax ₹407 Cr₹394 Cr₹452 Cr₹318 Cr₹560 Cr
Consolidated Net Profit ₹327 Cr₹340 Cr₹378 Cr₹253 Cr₹425 Cr
Earnings Per Share (Rs)₹9.53₹9.90₹11.02₹7.34₹12.33
PAT Margin (%)0.880.851.441.021.79
ROE(%)8.9210.6712.138.7520.41
ROCE(%)10.3412.0913.7611.6923.09
Total Debt/Equity(x)0.200.130.150.130.00

Key Financials

Market Cap : ₹ 52,136.0 Cr
Revenue (TTM) : ₹ 47,674.1 Cr
Net Profit(TTM) : ₹ 104.4 Cr
EPS (TTM) : ₹ 3.0
P/E (TTM) : 499.2

Industry Peers & Returns1W1M1Y
MAX FINANCIAL SERVICES -1.8% -6.4% -1.4%
BSE -3.5% -8.7% 45%
ANAND RATHI WEALTH -1.8% 6.3% 56%
PRUDENT CORPORATE ADVISORY SERVICES -1.6% -3.8% -4%
CENTRUM CAPITAL -3.2% 6% -40.3%
DELPHI WORLD MONEY 8% -14.7% -54.2%
NIDHI GRANITES -8.1% -14% 87.1%


MAX FINANCIAL SERVICES Revenues
[BOM: 500271|NSE : MFSL]

Y-o-Y

-0.24 %

5 Yr CAGR

10.43 %

Years Revenues % Change
Mar2026 ₹46,460 Cr
-0.24
Mar2025 ₹46,572 Cr
48.39
Mar2024 ₹31,384 Cr
0.73
Mar2023 ₹31,156 Cr
-0.29
Mar2022 ₹31,246 Cr -


MAX FINANCIAL SERVICES Operating Profit
[BOM: 500271|NSE : MFSL]

Y-o-Y

11.64 %

5 Yr CAGR

6.85 %

Years Operating Profit % Change
Mar2026 ₹748 Cr
11.64
Mar2025 ₹670 Cr
-6.24
Mar2024 ₹714 Cr
18.62
Mar2023 ₹602 Cr
5.00
Mar2022 ₹574 Cr -

Operating Margins
Y-o-Y

11.81 %

5 Yr CAGR

-3.28 %

Years Operating Margin% % Change
Mar2026 1.61%
11.81
Mar2025 1.44%
-36.84
Mar2024 2.28%
18.13
Mar2023 1.93%
4.89
Mar2022 1.84% -

MAX FINANCIAL SERVICES Profit After Tax
[BOM: 500271|NSE : MFSL]

Y-o-Y

-3.79 %

5 Yr CAGR

-6.35 %

Years Profit After Tax % Change
Mar2026 ₹327 Cr
-3.79
Mar2025 ₹340 Cr
-10.14
Mar2024 ₹378 Cr
49.38
Mar2023 ₹253 Cr
-40.44
Mar2022 ₹425 Cr -

PAT Margins
Y-o-Y

3.53 %

5 Yr CAGR

-16.26 %

Years PAT Margin(%) % Change
Mar2026 0.88 %
3.53
Mar2025 0.85 %
-40.97
Mar2024 1.44 %
41.18
Mar2023 1.02 %
-43.02
Mar2022 1.79 % -

MAX FINANCIAL SERVICES Earnings Per Share (EPS)
[BOM: 500271|NSE : MFSL]

Y-o-Y

-3.74 %

5 Yr CAGR

-6.24 %

Years EPS % Change
Mar2026 ₹9.53
-3.74
Mar2025 ₹9.90
-10.16
Mar2024 ₹11
50.14
Mar2023 ₹7.34
-40.47
Mar2022 ₹12 -

MAX FINANCIAL SERVICES Return on Capital Employed (ROCE)
[BOM: 500271|NSE : MFSL]

Y-o-Y

-14.47 %

5 Yr CAGR

-18.20 %

Years ROCE % Change
Mar2026 10.34%
-14.47
Mar2025 12.09%
-12.14
Mar2024 13.76%
17.71
Mar2023 11.69%
-49.37
Mar2022 23.09% -

MAX FINANCIAL SERVICES Share Price vs Sensex

Current Share Price : ₹1,510.8
Current MarketCap: ₹ 52,136.0 Cr
Updated EOD on :Jul 27,2026

Share Price Returns(%) 1 Week 1 Month 1 Year
MAX FINANCIAL SERVICES

-1.8%

-6.4%

-1.4%

SENSEX

-1.1%

-0.2%

-6.6%

MAX FINANCIAL SERVICES related INDICES

BSE Indices1W1M1Y
BSE MOMENTUM INDEX 0.4% 0.3% -2.4%
BSE MIDCAP SELECT INDEX -0.1% 1.7% 8.6%
BSE 200 EQUAL WEIGHT -0.4% 1% 3.4%
BSE DIVERSIFIED FINANCIALS REVENUE GROWTH INDEX -0.5% 0.8% 1.1%
BSE INDIA 150 INDEX -0.8% 0.3% -1.4%
NSE Indices1W1M1Y
NIFTY ALPHA LOW-VOLATILITY 30 0.4% 2.8% 1.2%
NIFTY500 LOW VOLATILITY 50 INDEX 0.1% 2.3% 2.7%
NIFTY RURAL INDEX -0.2% 1.1% 2%
NIFTY FINANCIAL SERVICES EX-BANK -0.6% 0.2% 5.9%
NIFTY MIDCAP 50 -0.6% 1.4% 7.1%

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FAQ about MAX FINANCIAL SERVICES Financials


How the annual revenues of MAX FINANCIAL SERVICES have changed ?

The Revenues of MAX FINANCIAL SERVICES have decreased by -0.24% YoY .

How the Earnings per Share (EPS) of MAX FINANCIAL SERVICES have changed?

The Earnings Per Share (EPS) of MAX FINANCIAL SERVICES has decreased by -3.74 % YoY .