Max Financial Services Limited (MFSL) — Net Asset Quality Index
Max Financial Services Limited (MFSL) has a Net Asset Quality Index of 3.3% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs1.97 Trillion minus total liabilities of Rs1.90 Trillion yields net assets of Rs64.51 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check asset resilience ratio of Max Financial Services Limited to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Max Financial Services Limited Net Asset Quality Index Over Time (2004–2025)
This chart shows how Max Financial Services Limited's Net Asset Quality Index has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the index stands at 3.3%, representing net assets of Rs64.51 Billion against total assets of Rs1.97 Trillion INR. See working capital position of Max Financial Services Limited to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Max Financial Services Limited (2004–2025)
The table below presents the year-by-year Net Asset Quality Index for Max Financial Services Limited from 2004 to 2025, covering 22 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. For market capitalisation and the full company profile, see Max Financial Services Limited market cap and net worth.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (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 | — |