Max Financial Services Ltd.

MFSL

₹1142.4

-0.27% (-3.1)

Market Cap

₹39,397 Cr.

P/E

114.41

About

Max Financial Services Limited is the holding company for Max Life, India's largest private life insurance company. It owns a majority stake in Max Life Insurance Company Limited, making it India's fi… Read more

Max Financial Services Limited is the holding company for Max Life, India's largest private li… Read more

Low

854

52W Range

High

1306

Timeline

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Forensics

10 Yes

Positive for this company

1 Neutral

Neutral for this company

6 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days

Price & Performance

ROE

Asset turnover is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
Sales Growth

Sales of the company has grown at a good pace
Capex vs ROCE

Roce of the company has decreased even without significant capex
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Share price

Share price has increased over last 10 years but more due to rerating
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong
Balance Sheet Strength

Balance sheet is weak and might have solvency issues

Market Share

1.39 %

(as of Oct 22)

Historic

Gross Direct Premium Income - Market Share

3.88 %

(as of Oct 22)

Historic

Health Insurance - Market Share

2.77 %

(as of Oct 24)

Historic

New Business Premium Life Insurance - Market Share

Revenue mix

Product Wise Break-Up

Segment Break-Up

Location Wise Break-Up

Distribution Channel

Operating Profit Break-Up

Investment Break-Up

Premium Break-Up - Life Insurance

Asset Break-Up

Operational Metrics

Risk Retention Ratio (%)
Source
Combined Ratio (%)
Source
Monthly Gross Direct Premium Income (GDPI) (Crs)
Source
13 Month Persistency Ratio (%)
Source
61 Month Persistency Ratio (%)
Source
Commission Ratio - Life Insurance (%)
Source
AUM - Life Insurance (Crs)
Source
New Business Performance - Life Insurance (Crs)
Source
Embedded Value (Crs)
Source
Claim Settlement Ratio (%)
Source
Value Of New Business Margin (VNB) (%)
Source
Management Expense Ratio - Life Insurance (%)
Source

Peer Comparison

Suppliers

Cigniti Technologies Ltd.

FAQs on Max Financial Services Ltd. Business

What does Max Financial do?

Max Financial Services holds a stake in Max Life, India's leading private life insurance company, in collaboration with Mitsui Sumitomo Insurance.

Who are the competitors of Max Financial?

Max Financial major competitors are New India Assurance, Aditya Birla Capital, Star Health and Allied, General Ins. Corp, Reliance Capital, ICICI Lombard Gen., ICICI Prudential.
Market Cap of Max Financial is ₹38,451 Crs.
While the median market cap of its peers are ₹50,609 Crs.

Is Max Financial financially stable compared to its competitors?

Max Financial seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

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