Sign in   |   Register
HOME MARKET NEWS CENTRE ECONOMY RESEARCH MUTUAL FUNDS FINANCIAL PLANNING INSURANCE BUDGET ABOUT US F&O IPO Commodities Stock-Screener Get NAV Snapshot Portfolio Dividends News Interviews Charts 09 May, 2025 15:47 IST Get Quote Snapshot Charts Financials Research News iWealth Tracker Newsletter Tax Corner Financial Health Check Expert Speak Feedback Follow @myirisdotcom

Max Financial Services: Growth to pick up over FY21-26; margin trajectory stable Source: IRIS | 02 Dec, 2021, 12.04PM Rating: NAN / 5 stars. Comments  |  Post Comment Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 17 Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 142 The past few years have been challenging for Max Life, with the management's focus on simplifying the organization structure. Going forward, its primary focus would be on delivering superior growth (more than 20% over FY21-26E), with margin remaining range bound. It expects RoEV to remain similar to FY21 levels (18.5%), stated Motilal Oswal Institutional Equities. The management's primary focus would be on the Protection and Retirement segment. Growth via the proprietary channel is likely to remain strong, while banca will continue to deliver healthy growth. Persistency trends have improved, while cost ratios should remain modest. Motilal Oswal estimates 21% APE CAGR over FY21-24E, with VNB margin sustaining at 25-26%. "This would enable 24% VNB CAGR over FY21-24E, while operating RoEV would sustain ~22%. We maintain Buy rating with an unchanged TP of Rs 1,250 per share (3.6x Sep'23E EV with a 20% holding company discount)." Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.   Post Comment Notice: Undefined index: dir in /me/beta.myiris.com/htdocs/newsCentre/comments.php on line 162 > Name Email Comment Security Code type    Notice: Undefined variable: captchacode in /me/beta.myiris.com/htdocs/newsCentre/comments.php on line 183 into this box

Related Articles

Notice: Constant DOC_ROOT_FOR_HTML_FILES already defined in /me/beta.myiris.com/htdocs/newsCentre/rightSideTabs.php on line 1 Most Read Expert Speak 22-09-16 Sensex surges over 300 points as US Federal Reserve holds rate 22-09-16 Sensex gains 281 points; Nifty trades at 8,862-level 22-09-16 Rupee appreciates 18 paise against dollar in early trade 22-09-16 Edelweiss Group to acquire Ambit Alpha Fund more... more...

Notice: Undefined index: secID in /me/beta.myiris.com/htdocs/newsCentre/storyShow.php on line 470 Notice: Undefined index: secID in /me/beta.myiris.com/htdocs/newsCentre/storyShow.php on line 470

Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise © All rights reserved. IRIS Business Services Limited A Disclaimer

Warning: fopen(/me/beta.myiris.com/htdocs/newsCentre/news_web_count.txt): failed to open stream: Permission denied in /me/beta.myiris.com/htdocs/newsCentre/storyShow.php on line 566

Warning: fwrite() expects parameter 1 to be resource, boolean given in /me/beta.myiris.com/htdocs/newsCentre/storyShow.php on line 567

Warning: fclose() expects parameter 1 to be resource, boolean given in /me/beta.myiris.com/htdocs/newsCentre/storyShow.php on line 568

Notice: Undefined index: key in /me/beta.myiris.com/htdocs/newsCentre/storyShow.php on line 571