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M

Max Financial Services MFSL.NS · INR

Financials · NSE · 🇮🇳 India

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1,257.50

-2.09%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue, before interest expense

₹476.96bn

FY2017FY2026

Net income

₹839.7m

FY2017FY2026

Total assets

₹1.99trn

FY2017FY2026

Shareholders' equity

₹52.82bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue, before interest expense₹476.96bn₹463.96bn₹464.94bn₹313.28bn₹311.83bn₹312.44bn₹181.32bn₹194.77bn₹163.23bn₹106.92bn
Research and development——₹0₹0₹0₹0₹0₹0₹0₹0
Operating income₹2.30bn₹5.52bn₹5.09bn₹5.27bn₹6.57bn₹6.14bn₹6.43bn₹5.60bn₹5.30bn−₹38.44bn
Net income₹839.7m₹3.27bn₹3.40bn₹3.78bn₹2.53bn₹4.25bn₹1.45bn₹2.63bn₹2.86bn₹3.95bn
Diluted earnings per share2.459.589.8310.977.3412.334.207.618.3011.51

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹1.99trn₹1.90trn₹1.63trn₹1.32trn₹1.18trn₹981.32bn₹745.26bn₹672.11bn₹552.82bn₹467.39bn
Cash and short-term investments₹24.03bn₹15.07bn₹34.35bn₹26.98bn₹7.95bn₹23.25bn₹17.55bn₹6.89bn₹61.74bn₹50.37bn
Total liabilities₹1.93trn₹1.84trn₹1.58trn₹1.28trn₹1.13trn₹945.27bn₹717.07bn₹643.78bn₹518.99bn₹436.56bn
Debt—₹14.37bn₹8.36bn₹8.21bn₹7.68bn₹2.78bn₹3.19bn———
Shareholders' equity₹52.82bn₹52.75bn₹38.66bn₹35.18bn₹39.35bn₹33.43bn₹21.47bn₹20.59bn₹26.11bn₹23.35bn
Shares outstanding343m342m346m345m345m345m345m345m345m343m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense₹149.77bn₹108.05bn₹142.59bn₹97.93bn₹128.22bn₹123.01bn₹89.23bn₹133.72bn
Operating income₹1.77bn−₹380.7m₹859.9m₹420.4m₹1.65bn₹558.2m₹1.04bn₹1.89bn
Net income₹955.6m−₹263.5m₹365.6m₹41.2m₹696.4m₹313.4m₹560.4m₹1.13bn
Diluted earnings per share2.78-0.771.070.122.040.921.623.25
Total assets—₹1.99trn—₹1.97trn—₹1.90trn—₹1.83trn
Cash and short-term investments—₹24.03bn—₹5.31bn—₹15.07bn—₹6.69bn
Debt—₹18.58bn—₹18.29bn—₹10.95bn—₹5.04bn
Shareholders' equity₹64.20bn₹52.82bn₹64.51bn₹53.03bn₹64.03bn₹52.75bn₹62.73bn₹51.69bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue15.0%8.8%16.1%
Operating income-24.2%-17.9%-6.8%
Net income-39.5%-27.7%-10.4%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin0.8%1.1%1.3%0.5%
Net margin0.4%0.7%0.8%1.0%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings—174.3113.387.092.379.6160.670.353.551.0
Price to sales0.91.20.81.10.81.11.30.90.91.9

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 19 Sept 2016.

FY2017FY2016FY2015FY2014FY2013FY2002FY2001FY2000
Paid in the year1.802.805.804.0010.000.700.3752.95
  • 5-for-1 split · 12 Mar 2007
  • 2-for-1 split · 10 May 2000
  • 1-to-1 reverse split · 8 Nov 1995

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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