The current market price of Max Financial Services Ltd. is Rs 1020.25. Time period given by analyst is one year when Max Financial Services Ltd. price can reach defined target.
Max Financial Services Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 35810.02 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 9760.31 Crore, up 8.57 % from last quarter Total Income of Rs 8990.28 Crore and up 128.81 % from last year same quarter Total Income of Rs 4265.64 Crore. Company reported net profit after tax of Rs 70.03 Crore in latest quarter.
Investment Rationale
Crystallisation of its deal with Axis Bank has removed the near-existential distribution uncertainty. With multiple benefits on distribution and branding likely to be unlocked, MFS remains poised to sustain market share gains. Valuation at 3.1x FY22E P/EV appears reasonable.
Promoter/FII Holdings
Promoters held 17 per cent stake in the company as of March 31, 2021, while FIIs held 23.1 per cent, DIIs 51.4 per cent and public and other 8.5 per cent.
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