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Unlisted Shares

Max Life Essentials

As of July 27, 2024, Max Life Insurance, Unlisted Shares are trading at ₹113.00 per share, with a 52-week high of ₹113 and 52-week low of ₹113. The minimun lot size is None shares, and the shares are traded on .

ISIN

INE511N01011

Face Value

₹ 10

Total Share

1,91,88,12,856

Total Income

₹ 31,384.22 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/E

****

P/B

****

Market Capitalisation

₹ 21,682.59 Cr

Enterprise Value

₹ ****

Book Value

₹ 21.55

Intrinsic Value

₹ ****

Earnings Yield

2.01 %

Sector

Financials

Sub-sector

Insurance

Category

Large Cap

Cashflow - Operations

9,950.04

Cashflow - Financing

-₹ 37.2

Max Life Growth

Compounded Sales Growth

1 Year

5 Year

9 Year

Compounded Profit Growth

1 Year

5 Year

9 Year

Return On Equity

2015

2019

2023

Highlights

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  • Growing Revenue and Return:- Over last 5 years company's revenue grew at annualized rate 13.9% and company provided a healthy annualized ROE of 17.45%. In FY23, Net profit of the company grew by 12.56% while the revenue grew by a mere 1%.
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  • Premium Growth:- In FY23, company's New Business Premium grew by 11.00% and Renewal Premium grew by 12.91%.
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  • Solid solvency and Profitability:- In FY23, Value of New Business (VNB) grew by 28.00%, New Business margin improved to 31.00% from 27.40% and solvency ratio stood at 1.90x.
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  • Growing AUM:-  AUM (Asset Under Management) at end of 31st March 2023 is ~R1.23 lakh crores, a year-on-year growth of 14% and strong claim settlement ratio (CSR) of 99.5%
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  • Investment Thesis:- Max Life has captured a market share of 9.8% among the top 10 private players in individual adjusted first-year premiums, which places it fifth in the industry. In terms of valuations, the company's P/E ratio stands at 49.8x, compared to its peer's average P/E ratio of 48.7x. Moreover, Max Life's P/B ratio of 5.2x is lower than its peer's average P/B ratio of 7.7x, indicating that the company is overvalued. (Peers taken are LIC, SBI Life Insurance Company, HDFC Life Insurance Company, and IndiaFirst Life Insurance.)
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  • Prominent Investors:- The company also has a strong share holders like Max Financial Services Ltd. (81.84%) and Axis Bank Ltd. (9.99%)

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

Quantity

Invest

, Min. Investment: ₹