Authum Investment vs IFCI vs Max Financial: Which Stock Should You Track

Authum Investment and Infrastructure vs IFCI vs Max Financial Services starts with the core numbers most investors compare within the financial services and investments segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the financial services and investments bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Authum Investment and Infrastructure, IFCI and Max Financial Services: Company Overview

Authum Investment and Infrastructure is a listed Indian company in the financial services and investments space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 46,690 crore, a return on equity of 13.11% and a book value of Rs 173.43 per share. Its quarterly revenue moved from Rs 1,224.28 crore in June 2025 to Rs 1,485.64 crore in June 2026, a change of +21.3%.

IFCI is a listed Indian company in the financial services and investments space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 18,690 crore, a return on equity of 2.02% and a book value of Rs 33.20 per share. Its quarterly revenue moved from Rs 444.86 crore in June 2025 to Rs 357.73 crore in June 2026, a change of -19.6%.

Max Financial Services is a listed Indian company in the financial services and investments space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 44,349 crore, a return on equity of 1.59% and a book value of Rs 153.05 per share. Its quarterly revenue moved from Rs 12,824.90 crore in June 2025 to Rs 14,976.61 crore in June 2026, a change of +16.8%.

Authum Investment and Infrastructure vs IFCI vs Max Financial Services: Valuation and Profitability Snapshot

Metric	Authum Investment and Infrastructure	IFCI	Max Financial Services
Market Cap (approx.)	Rs 46,690 crore	Rs 18,690 crore	Rs 44,349 crore
PE Ratio (TTM)	22.30	43.09	322.88
PB Ratio	3.17	2.09	8.40
Return on Equity (ROE)	13.11%	2.02%	1.59%
EPS (TTM, Rs)	24.66	1.61	3.98
Dividend Yield	0.00%	0.00%	0.00%
Debt to Equity	0.23	0.39	0.35
Book Value per Share (Rs)	173.43	33.20	153.05

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On valuation, Authum Investment and Infrastructure trades at a PE of 22.30 and a PB of 3.17, IFCI at a PE of 43.09 and a PB of 2.09, while Max Financial Services trades at a PE of 322.88 and a PB of 8.40. On return on equity, the three post 13.11%, 2.02% and 1.59% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.00%. Authum Investment and Infrastructure has the highest market capitalisation of the three at Rs 46,690 crore, while IFCI has the lowest at Rs 18,690 crore. Max Financial Services has the highest PE ratio of the three at 322.88, while Authum Investment and Infrastructure has the lowest at 22.30. Authum Investment and Infrastructure has the highest return on equity of the three at 13.11%, while Max Financial Services has the lowest at 1.59%. IFCI has the highest debt to equity ratio of the three at 0.39, while Authum Investment and Infrastructure has the lowest at 0.23. Debt to equity is 0.23, 0.39 and 0.35 for the three respectively.

Authum Investment and Infrastructure vs IFCI vs Max Financial Services: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Authum Investment and Infrastructure	Rs 1,485.64 crore	Rs 1,108.22 crore	+21.3%	+333.1%	+17.5%
IFCI	Rs 357.73 crore	Rs 60.27 crore	-19.6%	-24.0%	-3.5%
Max Financial Services	Rs 14,976.61 crore	Rs 118.29 crore	+16.8%	+38.6%	+36.8%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Authum Investment and Infrastructure vs IFCI vs Max Financial Services: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Authum Investment and Infrastructure vs IFCI vs Max Financial Services, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Authum Investment and Infrastructure	IFCI	Max Financial Services
June 2025	Rs 1,224.28 crore	Rs 444.86 crore	Rs 12,824.90 crore
September 2025	Rs 608.85 crore	Rs 752.21 crore	Rs 9,798.62 crore
December 2025	Rs 477.70 crore	Rs 466.65 crore	Rs 14,267.43 crore
March 2026	Rs 343.05 crore	Rs 470.55 crore	Rs 10,805.48 crore
June 2026	Rs 1,485.64 crore	Rs 357.73 crore	Rs 14,976.61 crore

Quarterly net profit (Rs crore)

Quarter	Authum Investment and Infrastructure	IFCI	Max Financial Services
June 2025	Rs 943.01 crore	Rs 62.43 crore	Rs 86.45 crore
September 2025	Rs 767.33 crore	Rs 317.43 crore	Rs 5.87 crore
December 2025	Rs 161.47 crore	Rs 20.82 crore	Rs 44.76 crore
March 2026	Rs 57.54 crore	Rs 34.06 crore	-Rs 31.52 crore
June 2026	Rs 1,108.22 crore	Rs 60.27 crore	Rs 118.29 crore

Authum Investment and Infrastructure reported revenue of Rs 1,224.28 crore in June 2025 and Rs 1,485.64 crore in June 2026, a change of +21.3% across the period. Its highest quarterly revenue in this window was Rs 1,485.64 crore in June 2026. Net profit stood at Rs 1,108.22 crore in June 2026, which is a net profit margin of 74.60%.

IFCI reported revenue of Rs 444.86 crore in June 2025 and Rs 357.73 crore in June 2026, a change of -19.6% across the period. Its highest quarterly revenue in this window was Rs 752.21 crore in September 2025. Net profit stood at Rs 60.27 crore in June 2026, which is a net profit margin of 16.85%.

Max Financial Services reported revenue of Rs 12,824.90 crore in June 2025 and Rs 14,976.61 crore in June 2026, a change of +16.8% across the period. Its highest quarterly revenue in this window was Rs 14,976.61 crore in June 2026. Net profit stood at Rs 118.29 crore in June 2026, which is a net profit margin of 0.79%. Max Financial Services reported a net loss in March 2026.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three financial services and investments names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as investment income swings, asset quality, interest rate moves, regulatory changes and valuation of holdings. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Authum Investment and Infrastructure, IFCI and Max Financial Services directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Authum Investment and Infrastructure vs IFCI vs Max Financial Services highlights how differently three companies in the same financial services and investments segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Authum Investment and Infrastructure vs IFCI vs Max Financial Services

What is the market cap difference between Authum Investment and Infrastructure, IFCI and Max Financial Services?

Ans. As of October 2026, Authum Investment and Infrastructure has a market cap of approximately Rs 46,690 crore, IFCI is at approximately Rs 18,690 crore, and Max Financial Services is at approximately Rs 44,349 crore. Authum Investment and Infrastructure is the largest of the three, and its market capitalisation is about 2.5 times that of IFCI, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Authum Investment and Infrastructure vs IFCI vs Max Financial Services comparison.

What are the PE and PB ratios of Authum Investment and Infrastructure, IFCI and Max Financial Services?

Ans. As of October 2026, the PE ratios stand at 22.30, 43.09 and 322.88 respectively, and the price to book ratios stand at 3.17, 2.09 and 8.40 respectively. All three companies have a positive trailing PE, so the multiples can be compared directly. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for financial services and investments and against each company's own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.

Which of the three has the highest ROE?

Ans. Authum Investment and Infrastructure, IFCI and Max Financial Services post ROE of 13.11%, 2.02% and 1.59% respectively as of October 2026. Authum Investment and Infrastructure has the highest return on equity of the three at 13.11%, while Max Financial Services has the lowest at 1.59%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Authum Investment and Infrastructure vs IFCI vs Max Financial Services figures.

Which of these three stocks pays the highest dividend yield?

Ans. Authum Investment and Infrastructure, IFCI and Max Financial Services carry dividend yields of 0.00%, 0.00% and 0.00% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.

What is the debt to equity ratio for Authum Investment and Infrastructure, IFCI and Max Financial Services?

Ans. Authum Investment and Infrastructure carries a debt to equity of 0.23, IFCI of 0.39, and Max Financial Services of 0.35. IFCI has the highest debt to equity ratio of the three at 0.39, while Authum Investment and Infrastructure has the lowest at 0.23. The debt to equity ratio compares total borrowings with shareholders' funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in financial services and investments need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Authum Investment and Infrastructure vs IFCI vs Max Financial Services comparison.

What were the latest quarterly revenue and net profit of Authum Investment and Infrastructure, IFCI and Max Financial Services?

Ans. For Q1 FY27 (quarter ended June 2026), Authum Investment and Infrastructure reported revenue of Rs 1,485.64 crore and net profit of Rs 1,108.22 crore, IFCI reported revenue of Rs 357.73 crore and net profit of Rs 60.27 crore, and Max Financial Services reported revenue of Rs 14,976.61 crore and net profit of Rs 118.29 crore. Compared with the quarter ended June 2025, revenue changed by +21.3% for Authum Investment and Infrastructure, -19.6% for IFCI and +16.8% for Max Financial Services. A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Authum Investment and Infrastructure vs IFCI vs Max Financial Services results.

Does this comparison recommend one of Authum Investment and Infrastructure, IFCI and Max Financial Services?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in financial services and investments, it also helps to look at factors such as investment income swings, asset quality, interest rate moves, regulatory changes and valuation of holdings. Reading the latest filings and investor presentations of Authum Investment and Infrastructure, IFCI and Max Financial Services directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Authum Investment and Infrastructure vs IFCI vs Max Financial Services.