💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, fully valued.
Max Financial is scored on the nbfc / financials framework. It keeps a thin 0.2% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 15%/yr and profit at -38%/yr. Book value itself has compounded 17%/yr — the hallmark of a genuine compounder. Return on equity is a weak 1.6%.
At 163× earnings, the stock sits at the 79th percentile of its own 3-year range — the expensive end of where it has historically traded. Today's price already implies ~52%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 383.32 | — | — |
| P/B | 9.97 | 8.36 | worse |
| EV/EBITDA | 184.77 | — | — |
| ROE | 1.59 | — | — |
| ROCE | 2.83 | — | — |
| ROA | 0.07 | — | — |
| Quick Ratio | 0.06 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Bajaj Finance | 32.0 | 5.8 | 16.7% |
| Bajaj Finserv | 15.1 | 4.0 | 12.6% |
| Shriram Finance | 21.6 | 2.3 | 15.2% |
Not applicable for this sector.
15% CAGR over 3 years — steady double-digit compounder.
Revenue is outpacing profit (15% vs -38%) — costs are rising faster than the top line. The latest year saw a -74% swing — check if it's a one-off or structural.
Operating margins have been stable around 0% — no major structural shift.
ROE at 2% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 10pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -39% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 108.7× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 39% sequentially — momentum is building. Wide quarterly swings (35% spread) — likely seasonality, lumpy orders, or project-based revenue.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 475% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3y median.
Promoters hold just 1.3% — widely held; sentiment-driven. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.