Max Financial Services Limited (MFSL) - Total Assets
Based on the latest financial reports, Max Financial Services Limited (MFSL) holds total assets worth Rs1.99 Trillion INR (≈ $21.51 Billion USD) as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore MFSL debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Max Financial Services Limited - Total Assets Trend (2004–2026)
This chart illustrates how Max Financial Services Limited's total assets have evolved over time, based on quarterly financial data. See MFSL total equity for net asset value and shareholders' equity analysis.
Max Financial Services Limited - Asset Composition Analysis
Current Asset Composition (March 2026)
Max Financial Services Limited's total assets of Rs1.99 Trillion consist of 2.5% current assets and 97.5% non-current assets.
| Asset Category | Amount (INR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Rs0.00 | 1.2% |
| Accounts Receivable | Rs99.50 Million | 0.0% |
| Inventory | Rs0.00 | 0.0% |
| Property, Plant & Equipment | Rs0.00 | 0.0% |
| Intangible Assets | Rs8.94 Billion | 0.5% |
| Goodwill | Rs5.25 Billion | 0.3% |
Asset Composition Trend (2004–2026)
This chart illustrates how Max Financial Services Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market value of Max Financial Services Limited.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Max Financial Services Limited's current assets represent 2.5% of total assets in 2026, a decrease from 44.8% in 2004.
- Cash Position: Cash and equivalents constituted 1.2% of total assets in 2026, down from 4.0% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 9.0% in 2004.
- Asset Diversification: The largest asset category is intangible assets at 0.5% of total assets.
Max Financial Services Limited Competitors by Total Assets
Key competitors of Max Financial Services Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Prudential plc
F:PRU2
|
Germany | €212.19 Billion |
|
HDFC Life Insurance Company Limited
NSE:HDFCLIFE
|
India | Rs3.91 Trillion |
|
Brighthouse Financial Inc
NASDAQ:BHF
|
USA | $244.68 Billion |
|
Challenger Ltd
AU:CGF
|
Australia | AU$35.37 Billion |
|
Hapvida Participações e Investimentos S.A.
SA:HAPV3
|
Brazil | R$72.99 Billion |
|
Prudential plc
LSE:PRU
|
UK | GBX212.27 Billion |
|
Clearview Wealth Ltd
AU:CVW
|
Australia | AU$1.07 Billion |
|
Nobleoak Life Ltd
AU:NOL
|
Australia | AU$600.63 Million |
Max Financial Services Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 4.80 | 1.15 | 0.51 |
| Quick Ratio | 4.80 | 1.15 | 0.51 |
| Cash Ratio | 1.13 | 0.38 | 0.00 |
| Working Capital | Rs19.25 Billion | Rs1.99 Billion | Rs-4.11 Billion |
Max Financial Services Limited - Advanced Valuation Insights
This section examines the relationship between Max Financial Services Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 10.39 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 4.7% |
| Total Assets | Rs1.99 Trillion |
| Market Capitalization | $5.57 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Max Financial Services Limited's assets below their book value (0.00x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Max Financial Services Limited's assets grew by 4.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Max Financial Services Limited (2004–2026)
The table below shows the annual total assets of Max Financial Services Limited from 2004 to 2026.
| Year | Total Assets | Change |
|---|---|---|
| 2026-03-31 | Rs1.99 Trillion ≈ $21.51 Billion |
+4.70% |
| 2025-03-31 | Rs1.90 Trillion ≈ $20.55 Billion |
+16.73% |
| 2024-03-31 | Rs1.63 Trillion ≈ $17.60 Billion |
+23.48% |
| 2023-03-31 | Rs1.32 Trillion ≈ $14.26 Billion |
+11.95% |
| 2022-03-31 | Rs1.18 Trillion ≈ $12.73 Billion |
+19.99% |
| 2021-03-31 | Rs981.32 Billion ≈ $10.61 Billion |
+31.67% |
| 2020-03-31 | Rs745.26 Billion ≈ $8.06 Billion |
+10.88% |
| 2019-03-31 | Rs672.11 Billion ≈ $7.27 Billion |
+21.58% |
| 2018-03-31 | Rs552.82 Billion ≈ $5.98 Billion |
+18.28% |
| 2017-03-31 | Rs467.39 Billion ≈ $5.05 Billion |
+22.53% |
| 2016-03-31 | Rs381.46 Billion ≈ $4.13 Billion |
+7.45% |
| 2015-03-31 | Rs355.03 Billion ≈ $3.84 Billion |
+21.93% |
| 2014-03-31 | Rs291.17 Billion ≈ $3.15 Billion |
+17.51% |
| 2013-03-31 | Rs247.78 Billion ≈ $2.68 Billion |
+19.26% |
| 2012-03-31 | Rs207.76 Billion ≈ $2.25 Billion |
+22.66% |
| 2011-03-31 | Rs169.38 Billion ≈ $1.83 Billion |
+27.66% |
| 2010-03-31 | Rs132.68 Billion ≈ $1.43 Billion |
+67.19% |
| 2009-03-31 | Rs79.36 Billion ≈ $858.25 Million |
+22.88% |
| 2008-03-31 | Rs64.59 Billion ≈ $698.47 Million |
+98.50% |
| 2007-03-31 | Rs32.54 Billion ≈ $351.88 Million |
+51.30% |
| 2006-03-31 | Rs21.51 Billion ≈ $232.57 Million |
+53.29% |
| 2005-03-31 | Rs14.03 Billion ≈ $151.72 Million |
+130.20% |
| 2004-03-31 | Rs6.09 Billion ≈ $65.91 Million |
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About Max Financial Services Limited
Max Financial Services Limited, through its subsidiary, engages in life insurance business in India. The company operates through Business Investments and Others, and Life Insurance segments. It offers participating and nonparticipating and linked products covering life insurance, pension and health benefits, including riders for individual and group through individual agents, corporate agents, b… Read more