Max Life Share Price - Financial, Valuation & News
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Unlisted Shares

Max Life Essentials

As of June 3, 2024, Max Life Insurance share price is ₹113 per equity share, with an estimated market capitalization of ₹21,682.59 Cr., P/E - 49.78, and EPS - ₹2.27.

The company is a subsidiary of the publicly listed Max Financial Services. It was founded in 2000 after the liberalization of the insurance sector in India, and its operations began in 2001.

*Note: The price mentioned above for Max Life Insurance unlisted shares is indicative and may fluctuate. Kindly check the latest rates of Max Life unlisted shares with us, as they vary over time.


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: ₹