NSE: MFSL | BSE: 500271

Turnaround Potential

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1608.70 -14.10 (-0.87%)

Near 52W High of ₹1674.80

537.3K NSE+BSE Volume

NSE 28 Aug, 2025 3:44 PM (IST)

55,518.6

Market Cap

0.7

Beta 1Year

Very Low volatility

Max Financial Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MFSL, BSE:500271 Max Financial Services Ltd.

Max Financial Services Ltd.

02 Jun 2023

1608.70

-0.87%

Life Insurance: Cleansing' underway; no longer nudge and push

Accumulate: Max Financial Services Ltd.

Target

HDFC Securities

While we are constructive on the long-term growth prospects of the LI sector, we believe major tectonic shifts will create near-term challenges, albeit preparing the industry for a cleaner insurance penetration. Contrary to expectations of relief in the Union Budget, life insurers are expected to be adversely impacted by the first-order and second-order changes proposed in the Finance Act'23. Conversation with industry experts suggest that the top four private life insurers are likely to witness 20-27% adverse impact on FY24E APE predominantly on account of the impending transition to the new tax regime. We flag high ceding charges in guaranteed NPAR savings as the next potential target as policymakers look to protect policyholder interest and improve life insurance (LI) penetration. While the demand for retail term protection remains subdued and the Apr-23 growth print was soft, we await evidence of medium-term growth momentum.

Max Financial Services Ltd. has gained 56.78% in the last 6 Months

Max Financial Services Ltd.

15 May 2023

1608.70

-0.87%

Growth trends to remain healthy; VNB margin to moderate

Neutral: Max Financial Services Ltd.

Target

Motilal Oswal

Motilal Oswal increased Neutral price target of Max Financial Services Ltd. to 1750.0 on 08 Aug, 2025.

Max Financial Services Ltd.

20 Oct 2022

1608.70

-0.87%

Premium growth modest; VNB margin improves to 31.3 %

Neutral: Max Financial Services Ltd.

Recommendation Target

Motilal Oswal

Max Financial Services Ltd. has gained 48.21% in the last 1 Year

Max Financial Services Ltd.

02 Aug 2022

1608.70

-0.87%

Modest performance; growth from banca remains soft

Buy: Max Financial Services Ltd.

Motilal Oswal

Max Financial Services Ltd. is trading above all available SMAs

Max Financial Services Ltd.

09 Jun 2022

1608.70

-0.87%

Max Financial

Buy: Max Financial Services Ltd.

Emkay

Max Financial Services Ltd. is trading above all available SMAs

Max Financial Services Ltd.

12 May 2022

1608.70

-0.87%

Max Financial

Buy: Max Financial Services Ltd.

Target

Emkay

Max Financial Services Ltd. has gained 48.21% in the last 1 Year

Max Financial Services Ltd.

10 May 2022

1608.70

-0.87%

Robust VNB margin offsets sluggish premium growth

Buy: Max Financial Services Ltd.

Target

Motilal Oswal

Max Financial Services Ltd. is trading above all available SMAs

Max Financial Services Ltd.

29 Jan 2022

1608.70

-0.87%

APE growth remains healthy; VNB margin moderates QoQ

Buy: Max Financial Services Ltd.

Target

Motilal Oswal

MAXLIFE reported a stable quarter due to strong APE growth, led by robust trend in PAR/ULIP segment, while Protection registered a healthy growth. Non-PAR, however, witnessed a decline. As a result, Protection mix moderated in 3QFY22. On the distribution front, both bancassurance and proprietary channel supported the growth momentum. VNB margin moderated to 24.9% in 3QFY22 (from 29.1% in 2QFY22), impacted by a shift in mix towards the ULIP with management guiding for margin to remain in the ~25-26% level. We expect VNB margin to sustain at...

Max Financial Servic.. has an average target of 1800.00 from 2 brokers.

Max Financial Services Ltd.

01 Dec 2021

1608.70

-0.87%

Growth to pick up over FY21-26; margin trajectory stable

Buy: Max Financial Services Ltd.

Motilal Oswal

The past few years have been challenging for Max Life, with the management's focus on simplifying the organization structure. Going forward, its primary focus would be on delivering superior growth (more than 20% over FY21-26E), with margin remaining range bound. It expects RoEV to remain similar to FY21 levels (18.5%). Growth would be led by a key focus on:...

Max Financial Services Ltd. is trading above all available SMAs

Is Max Financial Services Ltd. worth buying?

221 Votes:

Buy 71.04%

Sell 19.46%

Hold 9.5%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Buy SEE REPORTS >

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