NSE: MFSL | BSE: 500271

Momentum Trap

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1355.20 -3.20 (-0.24%)

New 52W High today

937.9K NSE+BSE Volume

NSE 16 May, 2025 3:50 PM (IST)

46,770

Market Cap

0.7

Beta 1Year

Very Low volatility

Surprise Profit

Max Financial reports a net profit of Rs 31.3 crore in Q4FY25 vs a loss of Rs 44 crore a year ago See details

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.

09 Jun 2021

1355.20

-0.24%

Steady performance; Non-PAR growth remains robust

Buy: Max Financial Services Ltd.

Target

Motilal Oswal

MAXLIFE continues to demonstrate resilient performance amid a challenging macro environment, led by healthy (36%) APE growth, aided by robust growth in Non-PAR savings and recovery in the ULIP segment. After...

Max Financial Services Ltd. has gained 28.11% in the last 3 Months

Max Financial Services Ltd.

09 Mar 2021

1355.20

-0.24%

Monthly Update - FY21 likely to end with positive growth

Accumulate: Max Financial Services Ltd.

Target

Prabhudas Lilladhar

IPru Life posted a 7% YoY growth on overall APE and 6% on individual APE, a first positive growth in 13 months. On FYTD21 new business de-grew -27% and is likely to end in negative growth for second consecutive year. IPru Life...

Max Financial Services Ltd. is trading above all available SMAs

Max Financial Services Ltd.

25 Feb 2021

1355.20

-0.24%

Event Update - A clearer path with hurdles behind - Accumulate

Max Financial Services Ltd.

Prabhudas Lilladhar

Max Financial Services Ltd. has gained 35.45% in the last 1 Year

Max Financial Services Ltd.

24 Feb 2021

1355.20

-0.24%

Max Financial Services Ltd. | Value Unlocking in Progress | Tactical Buy

Max Financial Services Ltd.

Edelweiss

VALUE UNLOCKING IN PROGRESS

Max Financial Services Ltd. has gained 35.45% in the last 1 Year

Max Financial Services Ltd.

09 Feb 2021

1355.20

-0.24%

VNB margin buoyant; Non-PAR growth remains robust

Buy: Max Financial Services Ltd.

Target

Motilal Oswal

Growth momentum reviving in the proprietary channel MAX Life Insurance (MAXLIFE) has demonstrated a resilient performance amid a challenging macro environment, with 21% APE growth, led by robust growth in Non-PAR savings and a recovery in ULIP. After witnessing robust Protection growth over 1HFY21, the same has moderated during 3Q. Shareholders' PAT grew at 43% YoY during 3QFY21. Absolute VNB growth stood robust (65% YoY), led by a VNB margin of 28.6%. This has been supported by robust trends in Non-PAR savings and...

Max Financial Services Ltd. has gained 35.45% in the last 1 Year

Max Financial Services Ltd.

30 Dec 2020

1355.20

-0.24%

Max Financial

Accumulate: Max Financial Services Ltd.

Dolat Capital

Traditionally a Par player, MAXLIFE has significantly diversified its product mix and has made significant strides to capture the protection and non-par segment. MAXF has been able to build a strong franchise with a profitable agency channel. AXIS bank transaction will also give more comfort to the renewal on the bancassurance tie-up which is due to expire in September 2021. MAXF has already delivered strong growth thus far and we believe stock price largely reflects the positives from the AXIS deal as well as top-line growth. As most positives are already...

Max Financial Services Ltd. is trading above all available SMAs

Max Financial Services Ltd.

02 Nov 2020

1355.20

-0.24%

Max Financial

Buy: Max Financial Services Ltd.

Target

Sharekhan

Value of New Business (VNB) written during H1FY21 grew by 20% y-o-y, while New Business Margin (NBM) expanded by 320 bps y-o-y to 24.2%, helped by a shift in product mix towards NPAR- Savings and Protection products. EV was at Rs 11,047 Cr., with RoEV at 17.5%. We believe the Indian insurance sector has a long growth runway; and Max Life, with strong metrics, stable bancassurance partnership with Axis Bank, etc is well-placed to benefit from growth opportunities. Max Financial is available a reasonable valuation of 1.7x / 1.5x FY2022E / FY2023E MCap / EV; We maintain Buy with a revised PT of Rs. 750....

Promoters initiated pledges of 28.67% of holdings in Mar 2025 qtr.

Max Financial Services Ltd.

24 Aug 2020

1355.20

-0.24%

Max Financial

Buy: Max Financial Services Ltd.

Target

Sharekhan

Max Financial Services' (MFS') deal with Axis Bank appears to be progressing positively, even though the lender will now buy a lower stake in Max Life Insurance Co. Ltd. (MLIC). Mutually altering the deal, Axis Bank now will acquire 17% in MLIC to increase its holding to 18% (lower than a 29% stake buy announced earlier). The companies have executed a definitive agreement to the effect but are yet to approach regulatory authorities with the revised applications. Axis Bank is one of the key bancassurance partners for Max Life, contributing ~57% (as...

Number of FII/FPI investors increased from 367 to 376 in Mar 2025 qtr.

Max Financial Services Ltd.

30 Jul 2020

1355.20

-0.24%

Q1FY21 Result Update - Better growth but weaker margins - HOLD

Hold: Max Financial Services Ltd.

Recommendation Target

Prabhudas Lilladhar

Max Life's overall APE de-grew 4% YoY supported by decent growth in single & regular premiums. Protection segment remains the key focus with shift of Product mix to NPar savings and Protection as Par share is reduced. Margins disappointed and fell to 17% for 1Q21 despite of favorable product mix on account of lower interest rates and higher cost overruns. Approvals with respect to Axis/Max/MSI deal should not get into hurdle post queries from IRDAI/RBI but should take time. We retain HOLD with revised TP of Rs545...

Promoters initiated pledges of 28.67% of holdings in Mar 2025 qtr.

Is Max Financial Services Ltd. worth buying?

218 Votes:

Buy 70.64%

Sell 19.72%

Hold 9.63%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Neutral SEE REPORTS >

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