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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 -74.29 % 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)₹2.45₹9.53₹9.90₹11.02₹7.34
PAT Margin (%)0.220.880.851.441.02
ROE(%)1.998.9210.6712.138.75
ROCE(%)4.3210.3412.0913.7611.69
Total Debt/Equity(x)0.350.200.130.150.13

Key Financials

Market Cap : ₹ 42,497.3 Cr
Revenue (TTM) : ₹ 49,822.0 Cr
Net Profit(TTM) : ₹ 135.8 Cr
EPS (TTM) : ₹ 3.9
P/E (TTM) : 313.1

Industry Peers & Returns1W1M1Y
MAX FINANCIAL SERVICES -3.3% -20.8% -21.6%
BSE 0.7% 2.7% 30%
ANAND RATHI WEALTH 3.1% 2.9% 42.3%
PRUDENT CORPORATE ADVISORY SERVICES -9.1% -17% 5.1%
CENTRUM CAPITAL -6.2% -16.4% -46.6%
DELPHI WORLD MONEY -6.3% 9.3% -59.4%
NIDHI GRANITES 0% -2.1% -38.2%


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

-75.00 %

5 Yr CAGR

-31.85 %

Years PAT Margin(%) % Change
Mar2026 0.22 %
-75.00
Mar2025 0.88 %
3.53
Mar2024 0.85 %
-40.97
Mar2023 1.44 %
41.18
Mar2022 1.02 % -

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

Y-o-Y

-74.29 %

5 Yr CAGR

-23.99 %

Years EPS % Change
Mar2026 ₹2.45
-74.29
Mar2025 ₹9.53
-3.74
Mar2024 ₹9.90
-10.16
Mar2023 ₹11
50.14
Mar2022 ₹7.34 -

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

Y-o-Y

-58.22 %

5 Yr CAGR

-22.03 %

Years ROCE % Change
Mar2026 4.32%
-58.22
Mar2025 10.34%
-14.47
Mar2024 12.09%
-12.14
Mar2023 13.76%
17.71
Mar2022 11.69% -

MAX FINANCIAL SERVICES Share Price vs Sensex

Current Share Price : ₹1,231.5
Current MarketCap: ₹ 42,497.3 Cr
Updated EOD on :Oct 26,2026

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

-3.3%

-20.8%

-21.6%

SENSEX

-1.5%

-1.2%

-11.8%

MAX FINANCIAL SERVICES related INDICES

BSE Indices1W1M1Y
BSE INDIA 150 INDEX -2.3% -3.9% -8.6%
BSE 200 -2.5% -4.4% -9.2%
BSE 250 LARGEMIDCAP INDEX -2.6% -4.6% -9%
BSE 500 -2.9% -5.2% -8.6%
BSE 1000 -3.2% -5.5% -7.9%
NSE Indices1W1M1Y
NIFTY500 LOW VOLATILITY 50 INDEX -1.2% -3.1% -8.2%
NIFTY ALPHA LOW-VOLATILITY 30 -1.4% -5.8% -8.9%
NIFTY INDIA FPI 150 -2.2% -4.1% -7.9%
NIFTY 200 -2.5% -4.5% -8.9%
NIFTY 500 -3% -5.2% -8.3%

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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 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 -74.29 % YoY .