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Max Financial Services Ltd share Price Today

Company details

966.95
980.00
763.00
1,092.00
6M Return 1.67%
1Y Return 21.92%
Mkt Cap.(Cr) 33,534.82
Volume 929,770
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 929,770
NSE

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Life Insurance company Max Financial Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Consolidated revenue: Rs 14,899 crore, grew by 50% YoY.
  • Individual Adjusted First Year Premium saw an increase of 10%, compared to 2% growth in the private sector, leading to market share gain by 73 bps to 10.4%.
  • New Business Margin (NBM): 28.6%.
  • Value of New Business (VNB): Rs 1,973 crore, grew 1%.
  • Operating Return on Embedded Value (RoEV): 20.2%.
  • Assets under management (AUM): crossed Rs 1.5 lakhs crore to Rs 1,50,836 crore as on March 31, 2024, up 23% over the previous year.

FY24 Financial Highlights:

  • New Business Premium: Rs 11,023 crore, up 23%; Max Life’s private market share expanded by 61 bps, Proprietary channels grew by 28%.
  • Gross Premium: Rs 29,529 crore, up 17% YoY
  • Embedded Value at Rs 19,494 crore; Operating RoEV of 20.2%
  • New Business Margin (NBM) at 26.5% with Value of New Business at Rs 1,973 crore
  • Individual sum assured grew by 33%.
  • Axis Bank infuses Rs 1,612 crore in Max Life and increase its stake to 19.02%.

Prashant Tripathy, CEO and Managing Director, Max Life Insurance Company Limited, said, “Max Life's performance in FY24 reflects our commitment to excellence and innovation. We achieved a strong 16% YoY growth, exceeding the private industry's 8% growth. Our success stems from our consistent focus on scaling our proprietary channels, maintaining partnerships, expanding distribution with new partners, and strengthening our presence into untapped sub-categories of protection and retirement. Committed to delivering value for customers, shareholders, and partners, our clear vision propels us to be a leading force in shaping financial security's future.”

Result PDF

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Max Financial Services Ltd shares SWOT Analysis

Strengths (4)

  • Company with No Debt
  • Increasing Revenue every quarter for the past 3 quarters
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Weakness (2)

  • Promoters increased pledged shares QoQ
  • Companies with High Promoter Pledge

Opportunity (1)

  • Decrease in Provision in recent results

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
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Resistance and support

R1 978.8
R2 985.9
R3 991.9
Pivot

972.88

S1 965.8
S2 959.8
S3 952.7
EMA SMA
973.0
975.1
970.2
940.5
962.0
981.1
978.1
957.9
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT Block Purchase 2024-03-13 978.75 401739 BSE
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED Block Sell 2024-03-13 978.75 401739 BSE
UBS(US)GROUPTRUST Bulk Purchase 2023-08-24 873 4750000 BSE
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Name Category Shares
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED PROMOTER 6.4%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Max Financial Services Ltd Stocks COMPARISON

Financials( ₹ in Cr) Max Financial Services Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 971.70 7,115.55 1,588.15 358.15 173.81
% Change -0.04 -0.71 -0.93 1.29 0.37
Mcap ₹ Cr 33,534.82 440,449.70 253,387.59 227,542.87 227,143.70
Revenue TTM ₹ Cr 31,415.49 54,971.56 110,382.29 44.84 23,891.95
Net Profit TTM ₹ Cr 451.89 14,451.17 15,595.36 31.25 6,337.01
PE TTM 98.69 30.46 31.12 141.54 35.39
1 Year Return 21.92 1.37 4.56 43.89 432.34
ROCE 10.44 11.92 13.15 0.03 5.32
ROE 9.24 22.05 29.22 0.02 14.66
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,518.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23

Max Financial Services Ltd Information

Stock PE (TTM)
98.69
Promoter Holding
6.52%
Book Value
112.0272
ROCE
10.44%
ROE
9.24%
Description

  • Max Financial Services Ltd is in the Finance sector is having a market capitalization worth Rs. 35,766.89 crores, it was formed after the demerger of Max India in the year 2016. It has reported consolidated sales of Rs. 5,942.05 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500271, and also listed on the National Stock Exchange (NSE) with the code MFSL.

    Max Financial Services Ltd was formed in 2016 after the mega-corporate restructure of Max India. Max India was demerged into three separate entities based on the area of operation, i.e., Max Financial Services (life insurance), Max India (healthcare and allied business), and Max Ventures and Industries (manufacturing industries and industrial ventures). Max Financial Services Ltd has a sole subsidiary under the name of Max Life Insurance. Max Life Insurance is a collaboration between Mitsui Sumitomo Insurance and Max Financial Services (a Japanese company). Max Life Insurance offers comprehensive long-term savings solutions and retirement solutions to its customers. The promoters of the company own 14.72% of the stake in the company, Foreign Institutional Investors (FII) own 26.33%, Domestic Institutional Investors (DII) own 50.72% stake in the company, and others (such as public & retail investors) hold the balance of 8.23%.

    In June 2021, quarterly net revenue was Rs. 157.49 crores, which has increased sharply by approximately 1604.44 % from Rs. 9.24 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 97.52 crores, which has improved sharply and increased by nearly 545.50% from a net loss of Rs. 21.89 crores in June 2020. In June 2021, the reported operating profit was at Rs. 152.05 crores, which is also increased sharply by 1014.86% as compared to an operating loss of Rs. 16.62 crores for the quarter ending in June 2020. From a negative EPS of Rs. 0.81 in June 2020, the EPS of Max Financial Services Ltd has improved positively and reached Rs. 2.83 per share in June 2021. MFSL's stock closed at Rs. 1036.40 on 20th August’2021 (NSE) and has returned 19.19% in the last six months and 90.81% in the previous year.

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Registered Address

Bhai Mohan Singh Nagar, Railmajra Tehsil Balachaur, Nawanshahr, Punjab, 144533

Tel : 91-01881-462000
Email : vkrishnan:maxindia.com
Website : http://www.maxfinancialservices.com
Registrar

MAS Services Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500271
NSE Code : MFSL
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE180A01020

FAQ’s on Max Financial Services Ltd Shares

You can buy Max Financial Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Max Financial Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 28, 2024 03:51 PM the closing price of Max Financial Services Ltd was Rs.971.70.

The latest PE ratio of Max Financial Services Ltd as of Jun 28, 2024 03:51 PM is 98.69

The latest PB ratio of Max Financial Services Ltd as of Jun 28, 2024 03:51 PM is 0.12

The 52-week high of Max Financial Services Ltd share price is Rs. 1,092.00 while the 52-week low is Rs. 763.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 28, 2024 03:51 PM, the market cap of Max Financial Services Ltd stood at Rs. 33,534.82 Cr.

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