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What is the MAX FINANCIAL SERV LTD (MFSL) share price today?

MAX FINANCIAL SERV LTD (MFSL) is trading at ₹1,538 on the NSE, down 2.56% on the day. Source: DocStoX.

What is the PE ratio of MAX FINANCIAL SERV LTD?

MAX FINANCIAL SERV LTD has a price-to-earnings (PE) ratio of 632.9 in the Financial Services sector.

What is the market capitalisation of MAX FINANCIAL SERV LTD?

MAX FINANCIAL SERV LTD has a market capitalisation of approximately ₹53,378 crore.

MAX FINANCIAL SERV LTD

F&O

MFSL·NSE·Financial Services

₹1,538.00▼ -40.40 (-2.56%)

Financial Services · Life Insurance

A steady, established business

NIFTY 200NIFTY 500NIFTY MIDCAP 150

Day₹1531.30

₹1586.70

52W₹1434

₹189323%

Open

₹1580.60

High

₹1586.70

Low

₹1531.30

Prev Close

₹1578.40

Volume

7.13L

VWAP

₹1544.55

Snapshot

Key fundamentals

Market Cap

₹53,378 Cr

P/E Ratio

632.92Expensive

P/B Ratio

10.58

EPS

₹2.43

Book Value

₹153.00

ROE

1.57%Weak

ROCE

3.00%Weak

Dividend Yield

0.00%

Debt / Equity

0.35Moderate

Face Value

₹2.00

52W High

₹1892.50

52W Low

₹1433.60

Sector

Financial Services

Industry

Life Insurance

Avoid

None moatVery High uncertainty

Fair value estimate

₹132

▼ 91.4%downside

Trading at ₹1,538 — 91% above our estimate

BearFair valueBull

₹112₹132₹152

/100

Business quality — Watch the fundamentals

Growth 30Profitability 0Efficiency 0Valuation 41

Plain English

Our view

A steady, established business
Low debt relative to equity
Weak returns on equity (2%)

Strengths

Low debt relative to equity

Risks

Weak returns on equity (2%)
Expensive — trades at 633× earnings
Fundamental red flags (Piotroski 0/9)

How we got there

Fair value methods

Excess-return (book value)

2% ROE fading to 13% over ~3 yrs, on ₹153 book

₹132

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

Not meaningful for financials

—

Analyst target

No analyst coverage

—

Blended fair value₹132

What the numbers say

Investment thesis

Bull case

Low debt relative to equity

Bear case

Weak returns on equity (2%)
Expensive — trades at 633× earnings
Fundamental red flags (Piotroski 0/9)

Free — see our deterministic Fair Value range, business quality score, and the full bull/bear case for this stock.

Snapshot

Key statistics

P/E

632.9Expensive

Below 15× is value territory; above 35× prices in strong growth

ROE

1.6%Weak

Above 15% is considered healthy for Indian equities

ROCE

3.0%Weak

Above 18% means capital is working hard

Debt/Eq

0.35Moderate

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹53,378 Cr

P/B

10.58

EPS

₹2.43

Div Yield

—

What changed

Recent changes

Foreign investors+0.2% stake last quarter
Domestic institutions-0.4% stake last quarter

What matters

News impact

Overview

Valuation

Expensive

P/E 632.9×

Growth

Steady

+15% rev CAGR

Profitability

Modest

1.6% ROE

Financial health

Comfortable

D/E 0.35

Momentum

N/A

No technicals

Today

Trading activity

Delivery %68.7%

Turnover₹11013.73L Cr

Trades31,126

VWAP₹1544.55

Face value₹2.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

+14.9%

+8.8%

10Y

+15.1%

Profit

-38.3%

-28.3%

10Y

-12.3%

EPS

-39.5%

-27.7%

10Y

-12.7%

Profile

Cons

Stock is trading at 10.7 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 8.80% over past five years.
Promoter holding is low: 1.25%
Tax rate seems low
Company has a low return on equity of 5.59% over last 3 years.
Promoters have pledged 26.9% of their holding.
Promoter holding has decreased over last 3 years: -8.90%

Forecast

News

Peers

Financials

Growth

Shareholding

Ownership

Ownership breakdown

Quarter ending 30 Jun 2026

Foreign investors bought 0.18 pts; domestic institutions reduced 0.40 pts last quarter. The QoQ column shows each group's change versus the prior quarter.

Promoter

Promoters

1.3%0.00

Public

6.3%+0.24

FII / FPI

48.1%+0.18

DII

44.3%-0.40

Quarterly trend

Ownership over time

Q1 FY27

Promoter1.25%

FII48.06%

DII44.34%

Public6.35%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

F&O