Max Financial Services Limited (MFSL) — key facts
NSE-listed · Financial Services. Data as of 11 Nov 2026 (IST) from InvestSights.
Last close: ₹1,257.5 (-1.91% day change)
Key ratios
- P/E ratio
- 513.27
- P/B ratio
- 9.67
- ROE (%)
- 1.59
- ROCE (%)
- 0.06
- Debt/Equity
- 0.44
- Dividend yield (%)
- 0
- Market cap (₹ Cr)
- 43,398.21
Financial health
Industrial forensic models are not applicable. InvestSights does not yet publish an insurer solvency framework.
InvestSights quality score
43.2/100 — Below Average (descriptive data-driven composite; not a recommendation)
Management guidance track record
- Gender diversity: guided 30%, delivered 27% (FY24) — missed guidance
- New Business Margin: guided 25–26%, delivered 24% (FY25) — missed guidance
Latest earnings call (Q2 FY27)
AI summary: The central signal was management's confidence that the proposed expense and commission framework could become a competitive advantage rather than merely a compliance burden. Axis Max Life has already improved H1 FY27 VNB margin to 25.4%, with VNB growth of 21% to ₹1,180 crore, while policyholder operating expenses grew only 3%. Management believes commission realignment, GST…
Full analysis on InvestSights
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