HDFC Life Insurance vs Max Financial Services: Share Price, Valuation and Results Compared

HDFC Life Insurance Ltd (NSE: HDFCLIFE) and Max Financial Services Limited (MFSL) (NSE: MFSL) are both listed in the Life Insurance industry. HDFC Life Insurance has a market capitalisation of ₹1,13,458 Cr and Max Financial Services ₹40,396 Cr, as of 9 Nov 2026. Their P/E ratios are 58.9 and 487.2 respectively. Return on equity is 11.28% for HDFC Life Insurance and 1.63% for Max Financial Services. Over one year, HDFC Life Insurance's share price is down 23.2% and Max Financial Services's is down 19.4%.

HDFC Life Insurance vs Max Financial Services — Key Figures

MetricHDFC Life InsuranceMax Financial Services
NSE SymbolHDFCLIFEMFSL
BSE Code540777500271
Share Price₹565.40₹1,257.50
Market Cap₹1,13,458 Cr₹40,396 Cr
P/E Ratio58.9487.2
Return on Equity11.28%1.63%
Return on Assets0.39%0.09%
Dividend Yield0.40%0.00%
Beta (1Y)0.540.89
1-Year Price Change-23.2%-19.4%
3-Month Price Change+4.7%-17.0%
52-Week Range₹508.05 – ₹788.50₹1,172.60 – ₹1,892.50
Latest QuarterQ2 FY27Q2 FY27
Quarterly Revenue—₹11,601 Cr
Quarterly Net Profit₹522 Cr₹100 Cr
Net Margin—0.9%
EPS (Basic, Quarter)₹2.41₹2.33
Results Basisconsolidatedconsolidated
HeadquartersMumbai, MaharashtraNoida, Uttar Pradesh

The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.

About the Companies

HDFC Life Insurance Ltd

HDFC Life Insurance Company Limited provides individual and group insurance solutions in India. It offers insurance and investment products, such as protection, pension, savings, investment, annuity, and health, as well as term, investment, and life insurance plans. The company was formerly known as HDFC Standard Life Insurance Company Limited changed its name to HDFC Life Insurance Company Limited in January 2019. HDFC Life Insurance Company Limited was incorporated in 2000 and is headquartered in Mumbai, India. HDFC Life Insurance Company Limited operates as a subsidiary of HDFC Bank Limited…

Max Financial Services Limited (MFSL)

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, banks, brokers, and other channels. The company is also involved treasury investment activities; and provision of management advisory services. Max Financial Services Limited was incorporated in 1988 an…

Frequently Asked Questions

Which is larger by market cap, HDFC Life Insurance or Max Financial Services?

HDFC Life Insurance has a market capitalisation of ₹1,13,458 Cr, against ₹40,396 Cr for Max Financial Services as of 9 Nov 2026, about 2.8 times the size by market cap.

What is the P/E ratio of HDFC Life Insurance and Max Financial Services?

HDFC Life Insurance has a P/E of 58.9 and Max Financial Services a P/E of 487.2 as of 9 Nov 2026.

What is the return on equity of HDFC Life Insurance and Max Financial Services?

HDFC Life Insurance has a return on equity of 11.28% and Max Financial Services 1.63%.

How have HDFC Life Insurance and Max Financial Services shares moved over one year?

HDFC Life Insurance's share price is down 23.2% over one year and Max Financial Services's is down 19.4%.

Which industry are HDFC Life Insurance and Max Financial Services in?

Both are classified under Insurance > Life Insurance on FinBizNet.

Is this comparison a recommendation to buy or sell HDFC Life Insurance or Max Financial Services?

No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.

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Data as of 9 Nov 2026. Descriptive market data only — not investment advice.