WEBSITE BSE:523405 NSE: JM FINANCIAL Inc. Year: 1986 Industry: Finance - Investment
Last updated: 15:59
JM Financial Ltd is an incorporated and varied financial service. The Company is engaged in the holding company activities, advisors in equity and debt capital markets, management of capital markets transactions, mergers and acquisitions, advisory, non-public equity syndication, corporate finance advisory enterprise, and management and control of private equity funds. Its number one commercial enterprise includes investment banking, wealth management, and securities business (IWS) which comprises rate and fund-based activities for mortgage lend...Read More
JM Financial Ltd is an incorporated and varied financial service. The Company is engaged in the holding company activities, advisors in equity and debt capital markets, management of capital markets transactions, mergers and acquisitions, advisory, non-public equity syndication, corporate finance advisory enterprise, and management and control of private equity funds. Its number one commercial enterprise includes investment banking, wealth management, and securities business (IWS) which comprises rate and fund-based activities for mortgage lending which encompass each wholesale mortgage lending and retail loan lending (domestic loans and training institutions lending). The fund-based activities section includes NBFC and asset reconstruction. Its alternative asset control segment includes handling funds of institutional and non-institutional traders raised below various schemes for investments. ...Read Less
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Market Cap ₹13143 Cr.
Stock P/E 17
P/B 1.3
Current Price ₹137.4
Book Value ₹ 107.6
Face Value 1
52W High ₹199.8
Dividend Yield 1.96%
52W Low ₹ 78
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 1067 | 1197 | 1236 | 1261 | 1077 | 1191 | 1106 | 1004 | 1111 | 1031 |
| Other Income | 14 | 17 | 25 | 15 | 17 | 21 | 14 | 23 | 10 | 13 |
| Total Income | 1081 | 1214 | 1261 | 1276 | 1094 | 1211 | 1121 | 1027 | 1121 | 1044 |
| Total Expenditure | 473 | 535 | 430 | 580 | 462 | 700 | 500 | 426 | 261 | 426 |
| Operating Profit | 608 | 679 | 831 | 696 | 632 | 512 | 621 | 601 | 860 | 618 |
| Interest Expense | 366 | 388 | 400 | 407 | 370 | 343 | 318 | 274 | 251 | 254 |
| Depreciation | 12 | 13 | 14 | 14 | 16 | 15 | 16 | 16 | 17 | 19 |
| Profit Before Tax | 230 | 278 | 417 | -572 | 245 | 154 | 287 | 311 | 593 | 344 |
| Provision for Tax | 55 | 72 | 96 | 103 | 59 | 10 | 79 | 76 | 135 | 89 |
| Profit After Tax | 175 | 206 | 322 | -675 | 186 | 144 | 207 | 235 | 458 | 255 |
| Adjustments | -9 | -11 | -44 | 446 | -15 | 88 | 2 | -25 | -4 | 15 |
| Profit After Adjustments | 166 | 195 | 278 | -229 | 171 | 232 | 209 | 210 | 454 | 270 |
| Adjusted Earnings Per Share | 1.7 | 2 | 2.9 | -2.4 | 1.8 | 2.4 | 2.2 | 2.2 | 4.7 | 2.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 1196 | 1495 | 2159 | 3054 | 3549 | 3432 | 3197 | 3707 | 3272 | 4761 | 4378 | 4252 |
| Other Income | 207 | 190 | 200 | 46 | 20 | 23 | 35 | 56 | 368 | 72 | 77 | 60 |
| Total Income | 1403 | 1685 | 2359 | 3100 | 3569 | 3455 | 3232 | 3763 | 3640 | 4832 | 4455 | 4313 |
| Total Expenditure | 448 | 459 | 582 | 770 | 813 | 934 | 1015 | 1296 | 1467 | 2018 | 2089 | 1613 |
| Operating Profit | 955 | 1225 | 1777 | 2330 | 2756 | 2520 | 2217 | 2468 | 2173 | 2815 | 2366 | 2700 |
| Interest Expense | 420 | 512 | 782 | 1139 | 1446 | 1386 | 1111 | 1082 | 1179 | 1562 | 1305 | 1097 |
| Depreciation | 18 | 20 | 23 | 26 | 27 | 41 | 40 | 38 | 42 | 53 | 64 | 68 |
| Profit Before Tax | 517 | 693 | 972 | 1165 | 1283 | 1094 | 1067 | 1348 | 953 | 353 | 997 | 1535 |
| Provision for Tax | 156 | 222 | 335 | 382 | 446 | 316 | 261 | 356 | 244 | 326 | 225 | 379 |
| Profit After Tax | 361 | 470 | 637 | 783 | 836 | 778 | 806 | 992 | 709 | 28 | 772 | 1155 |
| Adjustments | -30 | -70 | -167 | -182 | -264 | -233 | -216 | -219 | -111 | 382 | 49 | -12 |
| Profit After Adjustments | 331 | 400 | 470 | 601 | 572 | 545 | 590 | 773 | 597 | 410 | 821 | 1143 |
| Adjusted Earnings Per Share | 4.2 | 5.1 | 5.9 | 7.2 | 6.8 | 6.5 | 6.2 | 8.1 | 6.3 | 4.3 | 8.6 | 11.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -8% | 6% | 5% | 14% |
| Operating Profit CAGR | -16% | -1% | -1% | 9% |
| PAT CAGR | 2657% | -8% | -0% | 8% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 15% | 25% | 10% | 14% |
| ROE Average | 9% | 6% | 9% | 14% |
| ROCE Average | 10% | 9% | 10% | 12% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 2543 | 2909 | 3319 | 4555 | 5132 | 5639 | 7000 | 7686 | 8136 | 8491 | 9728 |
| Minority's Interest | 655 | 669 | 1109 | 1918 | 2634 | 2496 | 2676 | 2939 | 3134 | 2566 | 503 |
| Borrowings | 261 | 2472 | 4064 | 9985 | 10107 | 2699 | 9671 | 9453 | 12625 | 10160 | 6727 |
| Current Liability | 4901 | 4846 | 7875 | 5630 | 4690 | 9774 | 3955 | 5508 | 5216 | 8255 | 7277 |
| Other Liabilities & Provisions | 145 | 165 | 177 | 119 | 77 | 138 | 49 | -13 | 14 | 18 | -65 |
| Total Liabilities | 8505 | 11061 | 16545 | 22206 | 22640 | 20746 | 23350 | 25574 | 29125 | 29490 | 24170 |
| Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15063 | 9918 |
| Investments | 481 | 510 | 198 | 599 | 615 | 343 | 414 | 598 | 1055 | 1252 | 1442 |
| Fixed Assets | 445 | 444 | 474 | 427 | 424 | 450 | 423 | 414 | 505 | 572 | 579 |
| Other Loans | 3071 | 4804 | 6743 | 283 | 290 | 320 | 327 | 361 | 584 | 551 | 450 |
| Other Non Current Assets | 2 | 1 | 3 | 3 | 1 | 23 | 1 | 3 | 7 | 1035 | 509 |
| Current Assets | 4505 | 5302 | 9128 | 20894 | 21310 | 19609 | 22186 | 24198 | 26975 | 11017 | 11273 |
| Total Assets | 8505 | 11061 | 16545 | 22206 | 22640 | 20746 | 23350 | 25574 | 29125 | 29490 | 24170 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 407 | 192 | 843 | 402 | 649 | 752 | 810 | 826 | 1263 | 524 | 2232 |
| Cash Flow from Operating Activities | -1717 | -918 | -2546 | -3584 | 773 | 3164 | 969 | -3458 | -2307 | 3635 | 5569 |
| Cash Flow from Investing Activities | -281 | 264 | -366 | -708 | -148 | -901 | -2249 | 2614 | -592 | -2090 | -2475 |
| Cash Flow from Financing Activities | 1783 | 1305 | 2424 | 4540 | -522 | -2205 | 1296 | 1281 | 2160 | 162 | -4786 |
| Net Cash Inflow / Outflow | -215 | 651 | -488 | 247 | 103 | 58 | 16 | 437 | -739 | 1708 | -1692 |
| Closing Cash & Cash Equivalent | 192 | 843 | 396 | 649 | 752 | 810 | 826 | 1263 | 524 | 2232 | 540 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.22 | 5.08 | 5.92 | 7.17 | 6.81 | 6.48 | 6.19 | 8.1 | 6.26 | 4.29 | 8.59 |
| CEPS(Rs) | 4.83 | 6.22 | 8.31 | 9.66 | 10.28 | 9.73 | 8.88 | 10.8 | 7.86 | 0.84 | 8.74 |
| DPS(Rs) | 1.35 | 1.45 | 1.5 | 1.8 | 1 | 0.2 | 0.5 | 1.65 | 1.8 | 2 | 2.7 |
| Book NAV/Share(Rs) | 32.3 | 36.72 | 41.64 | 54.11 | 60.77 | 66.69 | 73.19 | 80.37 | 85.04 | 88.65 | 101.4 |
| Net Profit Margin | 30.14 | 31.47 | 29.5 | 25.64 | 23.57 | 22.66 | 25.21 | 26.77 | 21.66 | 0.58 | 17.64 |
| Operating Margin | 78.34 | 80.61 | 81.22 | 75.44 | 76.9 | 72.24 | 68.11 | 65.54 | 65.14 | 40.22 | 52.58 |
| PBT Margin | 43.21 | 46.35 | 45 | 38.14 | 36.15 | 31.86 | 33.37 | 36.36 | 29.12 | 7.42 | 22.77 |
| ROA(%) | 5 | 4.81 | 4.61 | 4.04 | 3.73 | 3.58 | 3.66 | 4.06 | 2.59 | 0.09 | 2.88 |
| ROE(%) | 15.33 | 17.33 | 20.53 | 19.97 | 17.36 | 14.52 | 12.81 | 13.56 | 8.98 | 0.33 | 8.5 |
| ROCE(%) | 15.05 | 14.3 | 14.79 | 13.69 | 14.12 | 13.58 | 11.85 | 11.99 | 9.44 | 7.87 | 10.06 |
| Price/Earnings(x) | 11.39 | 7.51 | 15 | 17.95 | 13.79 | 9.93 | 13.64 | 8.35 | 9.52 | 17.38 | 11.18 |
| Price/Book(x) | 1.49 | 1.04 | 2.13 | 2.38 | 1.55 | 0.96 | 1.15 | 0.84 | 0.7 | 0.84 | 0.95 |
| Dividend Yield(%) | 2.81 | 3.81 | 1.69 | 1.4 | 1.06 | 0.31 | 0.59 | 2.44 | 3.02 | 2.68 | 2.81 |
| EV/Net Sales(x) | 6.4 | 5.63 | 7.87 | 7.94 | 5.8 | 4.62 | 5.74 | 4.68 | 5.86 | 3.76 | 3.71 |
| EV/Core EBITDA(x) | 8.01 | 6.87 | 9.56 | 10.41 | 7.47 | 6.28 | 8.27 | 7.03 | 8.82 | 6.35 | 6.86 |
| Interest Earned Growth(%) | 44.31 | 24.96 | 44.45 | 41.44 | 16.2 | -3.29 | -6.83 | 15.94 | -11.75 | 45.52 | -8.05 |
| Net Profit Growth | 80.1 | 30.48 | 35.39 | 22.95 | 6.82 | -7.05 | 3.67 | 23.11 | -28.58 | -96.12 | 2705.23 |
| EPS Growth(%) | 52.03 | 20.35 | 16.6 | 21.17 | -5 | -4.9 | -4.39 | 30.82 | -22.8 | -31.44 | 100.36 |
| Interest Coverage(x) % | 2.23 | 2.35 | 2.24 | 2.02 | 1.89 | 1.79 | 1.96 | 2.25 | 1.81 | 1.23 | 1.76 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.47 | 56.47 | 56.44 | 56.44 | 56.43 | 56.43 | 56.43 | 56.5 | 56.51 | 56.6 |
| FII | 20.72 | 18.81 | 17.93 | 18.18 | 16.83 | 15.31 | 17.01 | 17.49 | 17.69 | 18.38 |
| DII | 7.61 | 8.06 | 8.45 | 8.46 | 8.63 | 8.57 | 7.2 | 7.06 | 6.52 | 5.61 |
| Public | 15.19 | 16.66 | 17.18 | 16.92 | 18.11 | 19.69 | 19.36 | 18.95 | 19.28 | 19.41 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 53.93 | 53.93 | 53.93 | 53.93 | 53.93 | 53.93 | 53.93 | 54.01 | 54.03 | 54.12 |
| FII | 19.79 | 17.97 | 17.13 | 17.37 | 16.09 | 14.63 | 16.26 | 16.71 | 16.91 | 17.57 |
| DII | 7.27 | 7.7 | 8.08 | 8.09 | 8.25 | 8.19 | 6.88 | 6.75 | 6.24 | 5.37 |
| Public | 14.51 | 15.91 | 16.41 | 16.17 | 17.31 | 18.82 | 18.5 | 18.11 | 18.43 | 18.56 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 95.5 | 95.51 | 95.55 | 95.56 | 95.57 | 95.58 | 95.58 | 95.58 | 95.62 | 95.62 |
* The pros and cons are machine generated.
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