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Fincash » Search » Max Financial Services Ltd

Max Financial Services Ltd

Updated on March 24, 2020

Stock/Share Code - MFSL

Max Financial Services is primarily engaged in making business investments in its subsidiary and providing management advisory services to the group companies.

Below is the details of MFSL Max Financial Services Ltd

Market Cap Cr.
Current Price ₹508.4 as on 10 Dec 19
52 Week High / Low Price /
Face Value
Stock P/E
Book Value
Dividend Yield %
ROCE %
ROE %
Sales Growth (3yrs) %
SectorFinance
IndustryFinance & Investments
Pros: Company is virtually debt free.
Cons: Stock is trading at 7.21 times its book value Though the company is reporting repeated profits, it is not paying out dividend Promoter holding is low: 28.31% Tax rate seems low Company has a low return on equity of 6.23% for last 3 years. Promoters have pledged 71.54% of their holding.

Max Financial Services Ltd Price Chart

Max Financial Services Ltd Price Chart

Max Financial Services Ltd Peer Comparison in Finance

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Bajaj Fin. ₹3,232.5 51.42 ₹262,381.56 Cr. 0.13 ₹1,488.15 Cr. 45.51 35.33 6303.56 13.02
2. Bajaj Finserv ₹3,232.5 35.35 ₹141,862.94 Cr. 0.03 ₹1,125.64 Cr. 32.35 30.68 14558.92 14.02
3. HDFC AMC ₹2,295.15 50.37 ₹64,918.78 Cr. 0.79 ₹352.55 Cr. 44.93 9.99 524.73 51.64
4. Bajaj Holdings ₹3,232.5 11.56 ₹37,770.71 Cr. 0.96 ₹777.65 Cr. -0.44 -20.76 86.86 12.16
5. Muthoot Finance ₹691.25 12.76 ₹34,487.32 Cr. 1.39 ₹803.41 Cr. 65.57 34.57 2310.00 16.22
6. Shriram Trans. ₹5.7 9.59 ₹29,122.32 Cr. 0.93 ₹882.19 Cr. 38.15 7.39 4286.04 11.36
7. Cholaman.Inv.&Fn 18.68 ₹24,463.87 Cr. 0.42 ₹389.16 Cr. 21.93 24.39 2289.06 10.81
8. Max Financial 160.48 ₹15,468.5 Cr. 0.00 ₹61.6 Cr. -55.97 -54.54 80.18 3.92

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Max Financial Services Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Sales -7942613112129817610196980
YOY Sales Growth %-45.75%-28.64%103.24%27.22%68.8%37.21%-70.5%34.32%-15.86%52.06%13.51%-54.54%
Expenses -2726343226266436120243518
Employee Cost %156.13%14.05%83.3%8.65%61.01%9.16%151.87%7%405.62%3.89%75.96%6.78%
Operating Profit-2068-8100-14103-56140-110172-2663
OPM %-287%72%-31%76%-120%80%-724%79%-1,099%88%-299%78%
Other Income000000000000
Interest0000027000000
Depreciation000000000111
Profit before tax-2067-899-1575-56140-110172-2762
Tax %-0%0%-0%0%-0%0%-0%0%-0%0%-0%0%
Net Profit-2067-899-1575-56140-110172-2762
EPS in Rs-0.772.51-0.303.71-0.562.81-2.105.21-4.096.37-1.012.29
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -2783493324617421,508990582201256264317295
Sales Growth %82.22%25.36%-4.76%38.72%60.95%103.2%-34.35%-41.23%-65.5%27.39%3.14%20.29%%
Expenses -27937632843770882977511184100118239196
Material Cost %66.86%66.93%64.82%60.18%64.95%34.25%52.89%0%0%0%0%0%%
Manufacturing Cost %13.75%12.94%13.78%11.44%11.23%6.21%9.11%0.8%1.72%1.36%1.59%1.25%%
Employee Cost %8.67%9.71%10.24%12.08%8.36%5.46%8.04%9.37%16.95%14.87%20.68%24.47%%
Other Cost %10.94%18.19%9.92%11.09%10.89%9.04%8.25%8.99%23.07%23%22.57%49.67%%
Operating Profit-1-27424346792154701171551457899
OPM %-0%-8%1%5%5%45%22%81%58%61%55%25%33%
Other Income9266262371210301001
Interest151615673117220000270
Depreciation11121315232424422223
Profit before tax65103-35-136491804691151541444996
Tax %5%-110%123%-21%-17%14%-3%17%0%0%0%0%
Net Profit6222-1-42-155611853911151541444996
EPS in Rs2.790.980.000.000.0019.956.9514.674.325.765.361.833.56
Dividend Payout %0%0%-0%-0%-0%58%52%34%83%0%0%0%

Compounded Sales Growth

  • 10 Years:: -0.95%
  • 5 Years:: -20.35%
  • 3 Years:: 16.48%
  • TTM:: -9.19%

Compounded Profit Growth

  • 10 Years:: 8.38%
  • 5 Years:: -23.20%
  • 3 Years:: -24.50%
  • TTM:: -33.28%

Return on Equity

  • 10 Years:: 11.90%
  • 5 Years:: 7.18%
  • 3 Years:: 0.72%
  • 1 Year:: 42.90%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital -44444646535353535353545454
Equity Capital44.3544.4146.4746.552.9153.153.2553.353.453.4553.6853.88
Reserves1,9992,0182,1642,1382,8193,0333,1333,4001,6171,7751,8661,9462,093
Borrowings296101604624119156181000000
Other Liabilities -6161150204106170171566929151196204
Trade Payables37.1930.924.3365.3850.0751.1373.0711.238.8811.6810.1714.217.44
Total Liabilities2,4012,2252,9653,0123,0963,4133,5383,5101,7391,8572,0712,1962,350
Fixed Assets -17417418432932531330013933313034
Gross Block237.55249.21271.26430.55448.66458.14468.329.2519.7745.8633.0733.98
Accumulated Depreciation63.4774.9487.12101.17123.75145.59168.2816.1311.0413.211.883.53
CWIP52622101225000000
Investments2,0651,6902,5831,9712,3082,7332,7443,3191,7051,7961,9642,1312,274
Other Assets -1573351767114643554691782629753442
Inventories27.6128.0425.4641.5648.5144.9366.15000000
Trade receivables61.5252.961.275.25119.52138.22153.8909.237.696.6921.813.45
Cash Equivalents7.57166.3314.44457.69178.167.712.2463.6939.782.963.119.12
Loans n Advances57.5186.7474.95130.39103.76144.78116.7129.774.713.3962.747.211.9
Other Assets etc2.710.606.5513.5619.77119.9684.458.837.672.761.77.81
Total Assets2,4012,2252,9653,0123,0963,4133,5383,5101,7391,8572,0712,1962,350

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity --18-159-27-43-212-53117-57160126141
Profit from operations26.6512.4413.1623.096.4-64.1-29.87108.13-55.43-65.05-77.24-128.57
Working Capital Changes-43.26-26.43-3.56-42.84-54.6-28.99-21.656.010.58223.5204.27269.92
Taxes paid-1.68-0.62-0.17-6.864.8-119.3-1.4-46.95-2.621.24-0.84-0.01
Cash from Investing Activity --968384-8841551335715840121-105-161-166
Fixed Assets Purchased-31.36-30.66-20.81-125.05-16.11-24.3-98.42-8.95-0.16-1.28-1.07-0.99
Fixed Assets Sold0.310.220.150.090.110.350.671.1900.980.320.04
Investments purchased-3936.25-2289.05-6313.87-1911.69-1437.88-1764.54-670.42-1992.38-867.47-1056.7-448.86-686.28
Investments sold2930.32658.945447.222543.281106.822019.08703.661946.26833.26952.12288.89521.84
Cash from Financing Activity -986-211723-4671-275-102-157-75-482824
Proceeds from Shares10000236.70000.140.060.10.0627.6324.19
Proceeds from Borrowings331.271.27101.5516.8959.9847.700000
Repayment of Borrowings-12.27-22.05-20.66-81.4-0.45-22.25-23.37-2.070000
Interest Paid-14.37-15.93-10.49-65.68-32.05-15.98-19.9800000
Dividends Paid00000-265.52-106.38-154.57-74.75-48.0700
Net Cash Flow-1159-1528341-13031-117-70

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Ratios

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %4%1%-0%1%1%21%6%14%4%9%8%4%
Debtor Days8155676059335701711925
Inventory Turnover13.6012.5412.4313.7616.4832.2717.8217.59

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.