Max Financial Services Limited (MFSL) — Net Asset Quality Index
Max Financial Services Limited (MFSL) has a Net Asset Quality Index of 3.2% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs1.99 Trillion minus total liabilities of Rs1.93 Trillion yields net assets of Rs64.20 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read Max Financial Services Limited total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Max Financial Services Limited Net Asset Quality Index Over Time (2004–2026)
This chart shows how Max Financial Services Limited's Net Asset Quality Index has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the index stands at 3.2%, representing net assets of Rs64.20 Billion against total assets of Rs1.99 Trillion INR. For live market cap and overall valuation, see Max Financial Services Limited stock valuation.
Annual Net Asset Quality Index for Max Financial Services Limited (2004–2026)
The table below presents the year-by-year Net Asset Quality Index for Max Financial Services Limited from 2004 to 2026, covering 23 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Max Financial Services Limited strategic capital allocation to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 3.2% | Rs64.20 Billion | Rs1.99 Trillion | Rs1.93 Trillion | ▼ -0.1 pp |
| 2025 | 3.4% | Rs64.03 Billion | Rs1.90 Trillion | Rs1.84 Trillion | ▲ +0.7 pp |
| 2024 | 2.7% | Rs43.70 Billion | Rs1.63 Trillion | Rs1.58 Trillion | ▼ -0.3 pp |
| 2023 | 3.0% | Rs39.69 Billion | Rs1.32 Trillion | Rs1.28 Trillion | ▼ -0.8 pp |
| 2022 | 3.8% | Rs44.85 Billion | Rs1.18 Trillion | Rs1.13 Trillion | ▲ +0.1 pp |
| 2021 | 3.7% | Rs36.05 Billion | Rs981.32 Billion | Rs945.27 Billion | ▼ -0.1 pp |
| 2020 | 3.8% | Rs28.19 Billion | Rs745.26 Billion | Rs717.07 Billion | ▼ -0.4 pp |
| 2019 | 4.2% | Rs28.33 Billion | Rs672.11 Billion | Rs643.78 Billion | ▼ -1.9 pp |
| 2018 | 6.1% | Rs33.83 Billion | Rs552.82 Billion | Rs518.99 Billion | ▼ -0.5 pp |
| 2017 | 6.6% | Rs30.84 Billion | Rs467.39 Billion | Rs436.56 Billion | ▼ -0.4 pp |
| 2016 | 7.0% | Rs26.68 Billion | Rs381.46 Billion | Rs354.79 Billion | ▼ -4.0 pp |
| 2015 | 11.0% | Rs39.19 Billion | Rs355.03 Billion | Rs315.84 Billion | ▼ -2.3 pp |
| 2014 | 13.3% | Rs38.70 Billion | Rs291.17 Billion | Rs252.47 Billion | ▼ -1.9 pp |
| 2013 | 15.2% | Rs37.63 Billion | Rs247.78 Billion | Rs210.15 Billion | ▼ -0.9 pp |
| 2012 | 16.1% | Rs33.48 Billion | Rs207.76 Billion | Rs174.29 Billion | ▲ +4.1 pp |
| 2011 | 12.0% | Rs20.36 Billion | Rs169.38 Billion | Rs149.02 Billion | ▼ -4.3 pp |
| 2010 | 16.3% | Rs21.67 Billion | Rs132.68 Billion | Rs111.01 Billion | ▼ -6.9 pp |
| 2009 | 23.2% | Rs18.43 Billion | Rs79.36 Billion | Rs60.93 Billion | ▼ -7.2 pp |
| 2008 | 30.4% | Rs19.66 Billion | Rs64.59 Billion | Rs44.92 Billion | ▲ +8.3 pp |
| 2007 | 22.2% | Rs7.21 Billion | Rs32.54 Billion | Rs25.32 Billion | ▼ -12.2 pp |
| 2006 | 34.4% | Rs7.40 Billion | Rs21.51 Billion | Rs14.10 Billion | ▲ +5.6 pp |
| 2005 | 28.8% | Rs4.05 Billion | Rs14.03 Billion | Rs9.98 Billion | ▼ -21.0 pp |
| 2004 | 49.8% | Rs3.04 Billion | Rs6.09 Billion | Rs3.06 Billion | — |