Max Financial Services Ltd
Max Financial Services is primarily engaged in making business investments in its subsidiary and providing management advisory services to the group companies.
- Market Cap ₹ 31,593 Cr.
- Current Price ₹ 915
- High / Low ₹ 954 / 276
- Stock P/E 96.6
- Book Value ₹ 67.0
- Dividend Yield 0.00 %
- ROCE 21.0 %
- ROE 6.90 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 13.66 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased by -5.07% over last quarter
- The company has delivered a poor sales growth of 4.12% over past five years.
- Promoter holding is low: 17.26%
- Company has a low return on equity of 11.34% for last 3 years.
- Promoters have pledged 87.20% of their holding.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Jun 2011 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,017 | 3,556 | 4,315 | 4,502 | 7,136 | 3,949 | 4,686 | 5,366 | 4,264 | 5,505 | 7,020 | 8,990 | |
1,870 | 3,480 | 4,163 | 4,426 | 6,935 | 3,885 | 4,614 | 5,186 | 4,127 | 5,365 | 6,923 | 8,709 | |
Operating Profit | 147 | 77 | 153 | 76 | 201 | 64 | 72 | 179 | 137 | 139 | 96 | 280 |
OPM % | 7% | 2% | 4% | 2% | 3% | 2% | 2% | 3% | 3% | 3% | 1% | 3% |
Other Income | 4 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | 13 | 0 | 1 |
Interest | 28 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 26 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 8 | 1 | 1 | 1 |
Profit before tax | 97 | 50 | 153 | 76 | 201 | 63 | 71 | 177 | 131 | 151 | 96 | 280 |
Tax % | 1% | 34% | 19% | 23% | 1% | 14% | 9% | 17% | 95% | -20% | 15% | 19% |
Net Profit | 70 | 10 | 83 | 39 | 131 | 34 | 42 | 105 | -36 | 131 | 56 | 176 |
EPS in Rs | 2.73 | 0.36 | 3.08 | 1.46 | 4.86 | 1.25 | 1.56 | 3.90 | -1.34 | 4.85 | 2.09 | 5.10 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,503 | 5,573 | 7,851 | 8,531 | 10,554 | 11,619 | 14,907 | 11,710 | 15,247 | 16,338 | 19,510 | 18,240 | 25,778 | |
5,096 | 7,632 | 7,541 | 7,772 | 9,403 | 11,168 | 14,188 | 11,179 | 14,476 | 15,807 | 19,003 | 17,788 | 25,124 | |
Operating Profit | -593 | -2,059 | 310 | 759 | 1,151 | 451 | 718 | 531 | 771 | 531 | 507 | 452 | 654 |
OPM % | -13% | -37% | 4% | 9% | 11% | 4% | 5% | 5% | 5% | 3% | 3% | 2% | 3% |
Other Income | 410 | 2,173 | 38 | -329 | 62 | 55 | 30 | 2 | 2 | 1 | 3 | 2 | 15 |
Interest | 51 | 59 | 113 | 86 | 84 | 93 | 82 | 8 | 9 | 0 | 27 | 0 | 0 |
Depreciation | 97 | 141 | 203 | 102 | 137 | 138 | 154 | 60 | 63 | 2 | 2 | 11 | 12 |
Profit before tax | -331 | -86 | 32 | 242 | 991 | 274 | 512 | 465 | 702 | 530 | 481 | 442 | 657 |
Tax % | 7% | -4% | 31% | 2% | 14% | 24% | 29% | 15% | 15% | 17% | 13% | 38% | |
Net Profit | -218 | -72 | 9 | 155 | 784 | 139 | 280 | 253 | 395 | 286 | 263 | 145 | 327 |
EPS in Rs | -9.84 | -3.08 | 0.37 | 5.86 | 29.53 | 5.24 | 10.49 | 9.47 | 14.79 | 10.67 | 9.75 | 5.38 | 10.70 |
Dividend Payout % | 0% | 0% | 0% | 0% | 41% | 69% | 48% | 38% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 4% |
3 Years: | 6% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -12% |
3 Years: | -28% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 24% |
3 Years: | 24% |
1 Year: | 76% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
294 | 296 | 296 | 178 | 178 | 119 | 53 | 53 | 53 | 54 | 54 | 54 | 54 | |
Reserves | 1,272 | 1,338 | 1,289 | 2,460 | 2,850 | 2,931 | 3,249 | 1,912 | 2,281 | 1,766 | 2,005 | 2,093 | 2,259 |
Borrowings | 5,350 | 961 | 1,033 | 549 | 676 | 702 | 543 | 0 | 0 | 0 | 0 | 3 | 2 |
1,293 | 10,903 | 14,585 | 17,713 | 21,145 | 25,431 | 31,658 | 36,181 | 44,405 | 54,022 | 65,097 | 72,377 | 81,500 | |
Total Liabilities | 7,959 | 13,250 | 16,953 | 20,775 | 24,724 | 29,117 | 35,503 | 38,147 | 46,739 | 55,842 | 67,156 | 74,526 | 83,815 |
881 | 889 | 941 | 1,370 | 1,597 | 1,592 | 1,200 | 349 | 740 | 556 | 556 | 641 | 638 | |
CWIP | 49 | 76 | 158 | 75 | 92 | 55 | 39 | 37 | 3 | 0 | 0 | 0 | 0 |
Investments | 5,638 | 10,933 | 13,999 | 17,536 | 21,091 | 25,134 | 32,015 | 36,102 | 44,059 | 52,683 | 63,245 | 68,566 | 3,576 |
1,390 | 1,352 | 1,854 | 1,794 | 1,943 | 2,336 | 2,249 | 1,660 | 1,938 | 2,602 | 3,356 | 5,320 | 79,600 | |
Total Assets | 7,959 | 13,250 | 16,953 | 20,775 | 24,724 | 29,117 | 35,503 | 38,147 | 46,739 | 55,842 | 67,156 | 74,526 | 83,815 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,524 | 2,599 | 2,665 | 2,854 | 1,887 | 2,160 | 2,579 | 3,802 | 6,526 | 7,534 | 8,826 | 9,468 | |
-1,279 | -3,432 | -2,571 | -3,258 | -1,796 | -1,908 | -2,311 | -3,541 | -6,290 | -6,951 | -8,789 | -9,009 | |
-49 | 857 | -6 | 533 | -220 | -213 | -388 | -187 | -215 | -116 | -174 | -380 | |
Net Cash Flow | 196 | 24 | 88 | 129 | -129 | 39 | -119 | 74 | 20 | 466 | -137 | 78 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | -5% | -14% | 5% | 24% | 31% | 10% | 16% | 16% | 33% | 26% | 26% | 21% |
Debtor Days | 22 | 21 | 16 | 21 | 22 | 21 | 17 | 16 | 13 | 0 | 0 | 0 |
Inventory Turnover | 7.40 | 6.77 | 11.29 | 13.71 | 14.43 | 8.29 | 5.04 | 0.25 |
Documents
Add documentRecent announcements
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 4 Mar
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 4 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 4 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 4 Mar
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 2 Mar
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse