MFSL
Max Financial Services Limited
Each stock's 10,000-path forecast, rendered as light.
Max Financial Services Limited (MFSL) Stock Analysis & Case Study
Is MFSL a good buy? The data-driven verdict.
Max Financial Services Limited (MFSL) trades at ₹1,497,on the numbers it tread carefully, a Downstox Snapshot Score of 41/100.
On the numbers, Max Financial Services Limited (MFSL) tread carefully, a Downstox Snapshot Score of 41/100, weighing expensive at 645.0× earnings, ROE of 1.5%, a 63% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
MFSL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How MFSL ranks against the 2,373 companies in our screener
- MFSL's market cap of 51,677 Cr ranks in the 92nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MFSL's book value of ₹153 ranks in the 64th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MFSL's promoter holding of 1.3% ranks in the bottom 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MFSL's 3-year profit (PAT) growth of -40.0% ranks in the bottom 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MFSL's 3-year revenue growth of 15.0% ranks in the 63rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MFSL's debt-to-equity ratio of 0.35x is lower than 47% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is MFSL overvalued? MFSL P/E vs peers
MFSL trades at 645.0× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
MFSL share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of MFSL history (10%/yr drift, 26%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| MFSL 2027 | ₹1,158 | ₹1,632 | ₹2,299 | +9% |
| MFSL 2028 | ₹1,098 | ₹1,778 | ₹2,879 | +19% |
| MFSL 2029 | ₹1,086 | ₹1,938 | ₹3,456 | +29% |
| MFSL 2030 | ₹1,088 | ₹2,111 | ₹4,096 | +41% |
| MFSL 2031 | ₹1,086 | ₹2,301 | ₹4,876 | +54% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability MFSL goes up, or doubles?
The bull case for MFSL
- A 10,000-path probability model puts a 63% chance the price is higher in a year, with a median target of ₹1,632 (+9%).
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,456.
The bear case & risks
- MFSL's P/E of 645.0x is lower than 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A steep 9.8× price-to-book means most of the value is intangible/expectations, not assets on the books.
- MFSL's return on equity of 1.5% ranks in the 18th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹1,086.
MFSL volatility & expected range, how bumpy is the ride?
Over the last 9.8 years MFSL compounded at 10%/year with annualized volatility of 26%. That volatility implies a 1-year 80% range of ₹1,158-₹2,299, the honest backbone behind any single price target.
MFSL price forecast, the full 60-month probability fan
MFSL price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds MFSL hits common targets within the simulated horizon?
Full multi-horizon detail on the MFSL price target & forecast page.
MFSL Piotroski F-Score: 4/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. MFSL scores 4/8, mixed financial health.
MFSL MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy MFSL with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 24.62% | 4.1× |
| Zerodha | 24.00% | 4.2× |
| Groww | 23.99% | 4.2× |
| Dhan | 22.00% | 4.5× |
| Kotak NeoCHEAPEST | 21.10% | 4.7× |
| Paytm Money | 24.01% | 4.2× |
| Pocketful | 28.33% | 3.5× |
| Anand Rathi | 28.11% | 3.6× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 28.18% | 3.5× |
Compare every broker on the MFSL MTF page.
About Max Financial Services Limited: sector, index & market-cap context
Max Financial Services Limited (MFSL) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹51,677 Cr. See more stocks on our screener.
How the MFSL Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Max Financial Services Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
MFSL analysis, FAQs
Is Max Financial Services Limited (MFSL) a good buy?
On the numbers, Max Financial Services Limited (MFSL) tread carefully, a Downstox Snapshot Score of 41/100, weighing expensive at 645.0× earnings, ROE of 1.5%, a 63% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is MFSL overvalued or undervalued?
MFSL trades at 645.0× earnings, expensive versus the ~22× long-run Nifty average.
What is the MFSL share price target for 2031?
MFSL's probability-weighted 2031 median target is ₹2,301, with an 80% range of ₹1,086-₹4,876 (10,000-path Monte-Carlo).
What is the probability MFSL doubles in 5 years?
The modelled probability of MFSL reaching ₹2,995 (2×) within 5 years is 32%.
What is the bull case for MFSL?
A 10,000-path probability model puts a 63% chance the price is higher in a year, with a median target of ₹1,632 (+9%).
What are the risks in MFSL?
MFSL's P/E of 645.0x is lower than 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 9.8× price-to-book means most of the value is intangible/expectations, not assets on the books. MFSL's return on equity of 1.5% ranks in the 18th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.