Max Financial Services Limited (MFSL.BO) stock analysis
In our weekly check, Max Financial Services Limited is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 10.
About Max Financial Services Limited
Max Financial Services Limited is a Financial Services company (Insurance - Life) based in India, listed on BSE as MFSL.BO.
What our checks show for MFSL.BO
Red flags
- The net margin fell by 0.5 points over 5 years, to 0.4%: the company keeps less of each sale as profit.
- The gross margin fell by 5.8 points, to 89.7%: costs are rising faster than prices.
- Profits not backed by cash
- The net margin is only 0.4%: little room if costs rise.
- The price is 222 times earnings (P/E): the market already pays for a lot of future growth.
- The stock has fallen as much as 67% from a peak. Would you have held through that?
- Recovering from its deepest fall took about 5.3 years.
- Thinly traded (about 93 thousand shares a day): buying and selling can move the price.
- Return on capital (ROCE) is only 5%.
- Pay in shares equals 0% of free cash flow: it dilutes shareholders.
Warning signs
- Earnings per share fell 21% a year over the last 3 years.
- Net profit fell 21.1% a year over the last 3 years.
- Free cash flow is only 0% of revenue.
Strengths
- Analysts expect earnings per share to grow about 26.1% a year over the next years.
- Revenue grew 18.1% a year over the last 3 years.
Similar companies
ICICIPRULI.NS · 2883.TW · 1299.HK · DSY.JO · SLM.JO · 2628.HK
Questions
What grade does Max Financial Services Limited (MFSL.BO) have?
In our weekly check, Max Financial Services Limited is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 10. The grade is a risk check, not a buy or sell recommendation.
What are the main risks of MFSL.BO stock?
This week's biggest flags for Max Financial Services Limited: Margins falling, Gross margin falling, Profits not backed by cash. In total 14 of 24 checks show a warning or a red flag.
What does Max Financial Services Limited do?
Max Financial Services Limited is a Financial Services company (Insurance - Life) based in India, listed on BSE as MFSL.BO.
The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.
Updated 2026-10-31
Open the full analysis