Max Financial Services Ltd.
NSE: MFSL · Life Insurance
Snapshot
Unlock Max Financial Services Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Max Financial Services Limited is a holding company that operates primarily in the life insurance sector through its subsidiary. It provides a comprehensive suite of life, pension, and health insurance products alongside treasury investment and management advisory services.
Business Model
The company generates revenue through the underwriting of life insurance policies and the management of investment portfolios. It leverages a multi-channel distribution network including individual agents, corporate agents, banks, and brokers to reach customers.
Growth Outlook
Growth is driven by the increasing penetration of life insurance products in the Indian market and the expansion of distribution channels. The company continues to focus on diversifying its product mix across participating, non-participating, and linked insurance segments.
Key Risks
- Regulatory Risk. Changes in IRDAI regulations regarding product structures, commissions, or capital requirements could adversely impact profitability.
- Market Risk. Volatility in financial markets directly affects the value of the company's investment portfolios and the performance of linked insurance products.
- Competition Risk. The Indian life insurance sector is highly competitive, with pressure from both public and private players impacting market share and pricing power.
- Persistency Risk. The inability to maintain high policy renewal rates can negatively affect long-term profitability and embedded value.
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Key Metrics
REVENUE
₹49,822 Cr
TTM · consolidated
NET PROFIT
₹137 Cr
TTM · consolidated
EPS
₹3.20
TTM · consolidated
RETURN ON EQUITY
2.6%
TTM · consolidated
P/E
483.9x
Q1 FY27 · consolidated
EBITDA MARGIN
0.6%
TTM · consolidated
NET PROFIT MARGIN
0.8%
Q1 FY27 · consolidated
Peers · Life Insurance
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Max Financial Services Ltd.MFSL | ₹53,438 Cr | 483.88 | — | 4.9% | 0.6% | 2.6% | 4.0% | -1.1% |
SBI Life Insurance Company Ltd.SBILIFE | ₹1.78L Cr | 72.07 | — | — | 0.8% | 14.3% | — | -0.9% |
HDFC Life Insurance Company Ltd.HDFCLIFE | ₹1.18L Cr | 59.65 | — | — | 1.8% | 11.7% | — | -27.6% |
ICICI Prudential Life Insurance Company Ltd.ICICIPRULI | ₹71,745 Cr | 44.72 | — | — | 2.1% | — | — | -17.5% |
Canara HSBC Life Insurance Company LimitedCANHLIFE | ₹14,937 Cr | — | — | — | 1.1% | 8.2% | — | — |
Max India LtdMAXIND | ₹791 Cr | -5.96 | — | 37.2% | -42.0% | -34.5% | — | -31.8% |
As of Q1 FY27
Financials
Max Financial Services Ltd.
NSE: MFSL · Life Insurance
Snapshot
Unlock Max Financial Services Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Max Financial Services Limited is a holding company that operates primarily in the life insurance sector through its subsidiary. It provides a comprehensive suite of life, pension, and health insurance products alongside treasury investment and management advisory services.
Business Model
The company generates revenue through the underwriting of life insurance policies and the management of investment portfolios. It leverages a multi-channel distribution network including individual agents, corporate agents, banks, and brokers to reach customers.
Growth Outlook
Growth is driven by the increasing penetration of life insurance products in the Indian market and the expansion of distribution channels. The company continues to focus on diversifying its product mix across participating, non-participating, and linked insurance segments.
Key Risks
- Regulatory Risk. Changes in IRDAI regulations regarding product structures, commissions, or capital requirements could adversely impact profitability.
- Market Risk. Volatility in financial markets directly affects the value of the company's investment portfolios and the performance of linked insurance products.
- Competition Risk. The Indian life insurance sector is highly competitive, with pressure from both public and private players impacting market share and pricing power.
- Persistency Risk. The inability to maintain high policy renewal rates can negatively affect long-term profitability and embedded value.
Start your research today
Unlock AI insights, financials, peers and live data on Max Financial Services Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹49,822 Cr
TTM · consolidated
NET PROFIT
₹137 Cr
TTM · consolidated
EPS
₹3.20
TTM · consolidated
RETURN ON EQUITY
2.6%
TTM · consolidated
P/E
483.9x
Q1 FY27 · consolidated
EBITDA MARGIN
0.6%
TTM · consolidated
NET PROFIT MARGIN
0.8%
Q1 FY27 · consolidated
Peers · Life Insurance
As of Q1 FY27