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

The Revenues of MAX FINANCIAL SERVICES have increased by 48.39% YoY .
The Earnings Per Share (EPS) of MAX FINANCIAL SERVICES has decreased by -3.74 % YoY.
REVENUES
OPERATING MARGIN
PROFIT AFTER TAX
EPS
ROCE

MAX FINANCIAL SERVICES Last 5 Annual Financial Results
[BOM: 500271|NSE : MFSL]

ConsolidatedMar2025
Mar2024
Mar2023
Mar2022
Mar2021
Operating Income ₹46,572 Cr₹31,384 Cr₹31,156 Cr₹31,246 Cr₹18,209 Cr
Expenses ₹45,903 Cr₹30,670 Cr₹30,554 Cr₹30,672 Cr₹17,599 Cr
Operating Profit (Excl OI) ₹670 Cr₹714 Cr₹602 Cr₹574 Cr₹610 Cr
Other Income ₹52 Cr₹48 Cr₹34 Cr₹222 Cr₹32 Cr
Interest ₹93 Cr₹57 Cr₹67 Cr₹41 Cr₹39 Cr
Depreciation ₹213 Cr₹178 Cr₹180 Cr₹162 Cr₹161 Cr
Profit Before Tax ₹416 Cr₹527 Cr₹389 Cr₹593 Cr₹442 Cr
Profit After Tax ₹394 Cr₹452 Cr₹318 Cr₹560 Cr₹273 Cr
Consolidated Net Profit ₹340 Cr₹378 Cr₹253 Cr₹425 Cr₹145 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 : ₹ 55,424.8 Cr
Revenue (TTM) : ₹ 47,493.0 Cr
Net Profit(TTM) : ₹ 336.4 Cr
EPS (TTM) : ₹ 9.7
P/E (TTM) : 164.8

Industry Peers & Returns1W1M1Y
MAX FINANCIAL SERVICES 1.7% 3.3% 43.3%
BSE -6.8% -9.7% 139.9%
360 ONE WAM 2% 1.6% -2.3%
NUVAMA WEALTH MANAGEMENT -5.3% -9.7% -5.7%
ANAND RATHI WEALTH 0.1% 9.4% 52.9%
PRUDENT CORPORATE ADVISORY SERVICES 5.3% 7.3% 25.1%
DELPHI WORLD MONEY 3.2% 14.7% -0.1%
SERA INVESTMENTS & FINANCE INDIA 2.1% -4.3% 33.8%
CASPIAN CORPORATE SERVICES 1.9% -3.7% -60.3%


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

Y-o-Y

48.39 %

5 Yr CAGR

26.46 %

Years Revenues % Change
Mar2025 ₹46,572 Cr
48.39
Mar2024 ₹31,384 Cr
0.73
Mar2023 ₹31,156 Cr
-0.29
Mar2022 ₹31,246 Cr
71.59
Mar2021 ₹18,209 Cr -


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

Y-o-Y

-6.24 %

5 Yr CAGR

2.36 %

Years Operating Profit % Change
Mar2025 ₹670 Cr
-6.24
Mar2024 ₹714 Cr
18.62
Mar2023 ₹602 Cr
5.00
Mar2022 ₹574 Cr
-6.00
Mar2021 ₹610 Cr -

Operating Margins
Y-o-Y

-36.84 %

5 Yr CAGR

-19.03 %

Years Operating Margin% % Change
Mar2025 1.44%
-36.84
Mar2024 2.28%
18.13
Mar2023 1.93%
4.89
Mar2022 1.84%
-45.07
Mar2021 3.35% -

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

Y-o-Y

-10.14 %

5 Yr CAGR

23.76 %

Years Profit After Tax % Change
Mar2025 ₹340 Cr
-10.14
Mar2024 ₹378 Cr
49.38
Mar2023 ₹253 Cr
-40.44
Mar2022 ₹425 Cr
193.39
Mar2021 ₹145 Cr -

PAT Margins
Y-o-Y

3.53 %

5 Yr CAGR

-16.26 %

Years PAT Margin(%) % Change
Mar2025 0.88 %
3.53
Mar2024 0.85 %
-40.97
Mar2023 1.44 %
41.18
Mar2022 1.02 %
-43.02
Mar2021 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
Mar2025 ₹9.53
-3.74
Mar2024 ₹9.90
-10.16
Mar2023 ₹11
50.14
Mar2022 ₹7.34
-40.47
Mar2021 ₹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
Mar2025 10.34%
-14.47
Mar2024 12.09%
-12.14
Mar2023 13.76%
17.71
Mar2022 11.69%
-49.37
Mar2021 23.09% -

MAX FINANCIAL SERVICES Share Price vs Sensex

Current Share Price : ₹1,606.1
Current MarketCap: ₹ 55,424.8 Cr
Updated EOD on :Sep 11,2025

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

1.7%

3.3%

43.3%

SENSEX

1%

2.1%

0.5%

MAX FINANCIAL SERVICES related INDICES

BSE Indices1W1M1Y
BSE ALLCAP 6.4% 8.9% 7.5%
BSE MIDSMALLCAP 4.7% 9% 8.4%
BSE LARGEMIDCAP 4.5% 7.2% 8.3%
BSE 150 MIDCAP INDEX 1.7% 4.1% -2.9%
BSE 200 EQUAL WEIGHT 1.6% 3.8% NA
NSE Indices1W1M1Y
NIFTY MIDCAP 100 1.9% 3.7% -0.8%
NIFTY FINANCIAL SERVICES EX-BANK 1.8% 2.4% 8.5%
NIFTY MIDCAP 150 1.7% 3.2% -0.8%
NIFTY MIDSMALLCAP 400 1.5% 3.2% -2.9%
NIFTY 500 EQUAL WEIGHT 1.4% 4% -4.3%

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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 increased by 48.39% 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 .