Compliance updated on Jun 19, 2026 Screened by AAOIFI-Certified Shariah Advisor & Auditor

Financial data updated nightly

Max Financial Services Ltd

MFSL.NS ✗ NOT COMPLIANT ☆ Track — members

NSE India · Financials · Life & Health Insurance ·

India Mid Cap Analyst: BUY

Last Close

$16.12

▲ +1.70%

Market Cap $5.56B · Vol 3.97M

Key Metrics

P/E Ratio

486.92

FWD: 129.95

Market Cap

$5.56B

Mid Cap

Div Yield

N/A

Annual dividend

EPS Growth

+356.53%

YoY

RSI (14)

56.62

Momentum

Beta

0.75

vs Market

52W High

$19.83

22.50% below

52W Low

$15.02

4.81% above

Volume

3.97M

Avg 831.84K

P/B

9.64

Price-to-book

ROE

1.59%

Return on equity

Free Float

97.92%

Public shares

Shariah Compliance8 STANDARDS

✗ Max Financial Services Ltd (MFSL.NS) stock is currently not Shariah compliant

AAOIFI—
Dow Jones Islamic (DJIM)—
FTSE Shariah—
MSCI Islamic—
S&P Shariah—
Al Rajhi—
Alinma—
Albilad—

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Which standards does MFSL.NS pass?

The full report shows the verdict under each of the 8 major Shariah standards, with the business-activity and financial-ratio screens behind every one.

Do I need to purify my investment?

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Historical Returns

+2.72%

-4.56%

-5.72%

-15.72%

YTD

-8.00%

-3.77%

+58.48%

+42.60%

Financials & Valuation

TTM · Annual

Total Revenue	$5.11B
Net Income	$11.18M
Revenue Growth (YoY)	+16.75%
Gross Margin	N/A
Operating Margin	0.92%
Net Profit Margin	0.22%
ROE	1.59%
ROA · ROIC	0.06% · 2.19%

P/E Ratio	486.92
Forward P/E (FY1)	129.95
PEG Ratio	-8.24
P/S	1.07
P/B	9.64
P/FCF	2.41
EPS Growth	+356.53%
Outstanding Shares	345.11M

Technical Indicators

50-Day SMA	$16.49
200-Day SMA	$17.20
RSI (14)	56.62
Beta	0.75
52-Week High	$19.83
52-Week Low	$15.02

Volume Today	3.97M
Avg Daily Volume (30D)	831.84K
Relative Volume	4.77x
Volatility (10D)	21.49
Volatility (30D)	22.93
Free Float	97.92%

Analyst Consensus

BUY

Current Price $16.12

Mean Target $20.87

52W Low$15.02 52W High$19.83

Current

Target

$15.02 $19.83

Current Analyst target

+29.49% upside potential · 17 analysts

Identifiers

ExchangeNSE India

FIGIBBG001S841F6

ISININE180A01020

CountryIndia

Sub-IndustryLife & Health Insurance (NEC)

Earnings DateAug 13, 2026

TypeStocks

Instrument TypeFULLPAID Fully Paid Ordinary

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Company Profile

Max Financial Services Limited is an India-based holding company. The Company is primarily engaged in growing and nurturing business investments and providing management advisory services to its group companies. Its business is categorized into two segments: Life Insurance and Business Investments and Others. The Life Insurance segment represents the life insurance business conducted across India by the Company’s subsidiary. The Business Investments and others segment is represented by treasury investments. The Company has an investment in its subsidiary, Axis Max Life Insurance Limited, which is a non-bank private life insurance company engaged in the business of life insurance and annuities. The subsidiary offers participating, non-participating, and linked products covering life insurance, pensions, and health benefits, including riders for individual and group segments. These products are distributed through individual agents, corporate agents, banks, brokers, and other channels.