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Max Financial Services Ltd share Price Today

Company details

1,012.00
1,038.35
630.50
1,092.00
6M Return 12.30%
1Y Return 58.20%
Mkt Cap.(Cr) 35,426.05
Volume 5,84,634
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 5,84,634
NSE

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Life Insurance company Max Financial Services announced 9MFY24 results:

  • In 9MFY24, the company generated a consolidated revenue of Rs 31,720 crore, grew 48% over the previous year, excluding investment income consolidated revenues grew 16%
  • Consolidated PAT at Rs 443 crore, grew 11% YoY
  • Individual Adjusted First Year Premium reached Rs 4,285 crore, marking a notable increase of 19%. Proprietary channels witnessed exceptional growth of 44%.
  • Gross Written Premium amounted to Rs 18,793 crore, reflecting a robust growth of 16%.
  • Embedded Value stood at Rs 18,709 crore, with Operating Return on Embedded Value at approximately 18.6%.
  • Value of New Business reached Rs 1,152 crore, with New Business Margin (NBM) at 25.3%.
  • Assets Under Management (AUM) totaled Rs 1,42,621 crore, showing a substantial growth of 20%.
  • Regarding the Axis Transaction, applications have been filed for regulatory approvals, and shareholder's and PFRDA approval has been received.

Prashant Tripathy, CEO and Managing Director, Max Life Insurance, said, “Building on our strong base, we delivered another solid quarter. Innovation and expanding proprietary channels have fueled our business growth in the quarter. We remain committed to sustainable growth through strategic partnerships and market expansion, delivering value to stakeholders.”

 

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Max Financial Services Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Company with Low Debt

Weakness (2)

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

Opportunity (2)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares
  • Decrease in Provision in recent results

Threats (1)

  • High PE (PE > 40)
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Resistance and support

R1 1,030.7
R2 1,050.4
R3 1,081.2
Pivot

999.85

S1 980.1
S2 949.3
S3 929.6
EMA SMA
1,012.2
992.8
968.7
924.6
1,021.5
988.2
967.8
932.5
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 1,026.50 6,895.80 1,623.70 374.75 159.30
% Change 1.54 -0.40 0.54 -0.60 1.30
Mcap ₹ Cr 35,426.05 4,26,847.26 2,59,059.55 2,38,089.32 2,08,181.30
Revenue TTM ₹ Cr 31,415.49 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM ₹ Cr 451.89 11,507.69 12,209.54 31.25 6,337.01
PE TTM 81.12 29.69 31.64 149.17 34.04
1 Year Return 58.20 10.35 20.36 50.56 374.81
ROCE 10.44 11.76 12.69 0.03 5.32
ROE 9.24 23.46 28.18 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 29,114.21 -11,026.50
LAST 3M 88,150.93 20,054.60
LAST 6M 1,51,670.17 80,855.38
LAST 12M 2,35,171.50 1,78,448.58

Max Financial Services Ltd Information

Stock PE (TTM)
81.12
Promoter Holding
6.52%
Book Value
108.73
ROCE
10.44%
ROE
9.24%
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 May 02, 2024 11:34 AM the closing price of Max Financial Services Ltd was Rs.1,026.50.

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 May 02, 2024 11:34 AM, the market cap of Max Financial Services Ltd stood at Rs. 35,426.05.

The latest PE ratio of Max Financial Services Ltd as of May 02, 2024 11:34 AM is 81.12

The latest PB ratio of Max Financial Services Ltd as of May 02, 2024 11:34 AM is 0.11

The 52-week high of Max Financial Services Ltd share price is Rs. 1,092.00 while the 52-week low is Rs. 630.50

According to analyst recommendations, Max Financial Services Ltd Share has a "" rating for the long term.

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