JM Financial

₹80.1 0.3 | 0.4%

WEBSITE BSE:523405 NSE : JM FINANCIAL 10 May, 16:01

Market Cap ₹7650 Cr.

Stock P/E 11.0

P/B 0.9

Current Price ₹80.1

Book Value ₹ 91.4

Face Value 1

52W High ₹115

Dividend Yield 2.25%

52W Low ₹ 63.6

Edit Ratio

JM Financial Research see more...

Overview Inc. Year: 1986Industry: Finance - Investment

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.

JM Financial Share Price

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Peer Comparison

JM Financial Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	962	952	810	791	859	930	846	1065	1197	1236
Other Income	7	13	30	14	18	17	26	16	17	25
Total Income	969	964	839	806	877	946	871	1081	1214	1261
Total Expenditure	355	323	258	276	279	313	459	473	535	430
Operating Profit	614	641	581	529	598	634	412	608	679	831
Interest Expense	287	283	250	261	270	301	347	366	388	400
Depreciation	9	9	10	10	10	10	12	12	13	14
Profit Before Tax	317	349	322	259	318	322	54	230	278	417
Provision for Tax	89	88	92	61	80	81	21	55	72	96
Profit After Tax	228	261	229	198	238	240	33	175	206	322
Adjustments	-54	-44	-50	-28	-58	-50	25	-9	-11	-44
Profit After Adjustments	174	217	179	170	180	190	57	166	195	278
Adjusted Earnings Per Share	1.8	2.3	1.9	1.8	1.9	2	0.6	1.7	2	2.9

JM Financial Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	797	829	1196	1495	2159	3054	3549	3432	3197	3707	3265	4344
Other Income	245	178	207	190	200	46	20	23	35	56	375	84
Total Income	1042	1007	1403	1685	2359	3100	3569	3455	3232	3763	3640	4427
Total Expenditure	399	403	448	459	582	770	813	934	1015	1296	1467	1897
Operating Profit	643	603	955	1225	1777	2330	2756	2520	2217	2468	2173	2530
Interest Expense	377	308	420	512	782	1139	1446	1386	1111	1082	1179	1501
Depreciation	12	15	18	20	23	26	27	41	40	38	42	51
Profit Before Tax	254	280	517	693	972	1165	1283	1094	1067	1348	953	979
Provision for Tax	75	80	156	222	335	382	446	316	261	356	244	244
Profit After Tax	179	200	361	470	637	783	836	778	806	992	709	736
Adjustments	4	9	-30	-70	-167	-182	-264	-233	-216	-219	-111	-39
Profit After Adjustments	183	210	331	400	470	601	572	545	590	773	597	696
Adjusted Earnings Per Share	2.4	2.8	4.2	5.1	5.9	7.2	6.8	6.5	6.2	8.1	6.3	7.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-12%	-2%	1%	15%
Operating Profit CAGR	-12%	-5%	-1%	13%
PAT CAGR	-29%	-3%	-2%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	-0%	-0%	11%
ROE Average	9%	12%	13%	14%
ROCE Average	9%	11%	12%	13%

JM Financial Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2051	2197	2543	2909	3319	4555	5132	5639	7000	7686	8136
Minority's Interest	150	165	655	669	1109	1918	2634	2496	2676	2939	3134
Borrowings	425	415	261	2472	4064	9985	10107	2699	9671	9453	12625
Current Liability	4160	3013	4901	4846	7875	5630	4690	9774	3955	5508	5216
Other Liabilities & Provisions	141	141	145	165	177	119	77	138	49	-13	14
Total Liabilities	6927	5930	8505	11061	16545	22206	22640	20746	23350	25574	29125
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	496	411	481	510	198	599	615	343	414	598	1055
Fixed Assets	101	228	445	444	474	427	424	450	423	414	505
Other Loans	1116	1585	3071	4804	6743	283	290	320	327	361	584
Other Non Current Assets	0	1	2	1	3	3	1	23	1	3	7
Current Assets	5214	3705	4505	5302	9128	20894	21310	19609	22186	24198	26975
Total Assets	6927	5930	8505	11061	16545	22206	22640	20746	23350	25574	29125

JM Financial Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	338	359	407	192	843	402	649	752	810	826	1263
Cash Flow from Operating Activities	-402	1058	-1717	-918	-2546	-3584	773	3164	969	-3458	-2449
Cash Flow from Investing Activities	167	585	-281	264	-366	-708	-148	-901	-2249	2614	-451
Cash Flow from Financing Activities	256	-1594	1783	1305	2424	4540	-522	-2205	1296	1281	2153
Net Cash Inflow / Outflow	21	48	-215	651	-488	247	103	58	16	437	-746
Closing Cash & Cash Equivalent	359	407	192	843	396	649	752	810	826	1263	524

JM Financial Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.43	2.77	4.22	5.08	5.92	7.17	6.81	6.48	6.19	8.1	6.26
CEPS(Rs)	2.54	2.85	4.83	6.22	8.31	9.66	10.28	9.73	8.88	10.8	7.86
DPS(Rs)	0.9	1	1.35	1.45	1.5	1.8	1	0.2	0.5	1.65	1.8
Book NAV/Share(Rs)	27.12	28.75	32.3	36.72	41.64	54.11	60.77	66.69	73.19	80.37	85.04
Net Profit Margin	22.45	24.15	30.14	31.47	29.5	25.64	23.57	22.66	25.21	26.77	21.71
Operating Margin	79.13	70.93	78.34	80.61	81.22	75.44	76.9	72.24	68.11	65.54	65.27
PBT Margin	31.85	33.8	43.21	46.35	45	38.14	36.15	31.86	33.37	36.36	29.18
ROA(%)	2.83	3.11	5	4.81	4.61	4.04	3.73	3.58	3.66	4.06	2.59
ROE(%)	9.02	9.51	15.33	17.33	20.53	19.97	17.36	14.52	12.81	13.56	8.98
ROCE(%)	11.08	10.29	15.05	14.3	14.79	13.69	14.12	13.58	11.85	11.99	9.44
Price/Earnings(x)	6.68	8.99	11.39	7.51	15	17.95	13.79	9.93	13.64	8.35	9.52
Price/Book(x)	0.6	0.87	1.49	1.04	2.13	2.38	1.55	0.96	1.15	0.84	0.7
Dividend Yield(%)	5.54	4.01	2.81	3.81	1.69	1.4	1.06	0.31	0.59	2.44	3.02
EV/Net Sales(x)	5.02	4.7	6.4	5.63	7.87	7.94	5.8	4.62	5.74	4.68	5.87
EV/Core EBITDA(x)	6.22	6.46	8.01	6.87	9.56	10.41	7.47	6.28	8.27	7.03	8.82
Interest Earned Growth(%)	18.26	3.97	44.31	24.96	44.45	41.44	16.2	-3.29	-6.83	15.94	-11.93
Net Profit Growth	45.34	11.83	80.1	30.48	35.39	22.95	6.82	-7.05	3.67	23.11	-28.58
EPS Growth(%)	50.62	13.99	52.03	20.35	16.6	21.17	-5	-4.9	-4.39	30.82	-22.8
Interest Coverage(x) %	1.67	1.91	2.23	2.35	2.24	2.02	1.89	1.79	1.96	2.25	1.81

JM Financial Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.27	55.42	55.41	56.01	56.01	56.49	56.47	56.47	56.44	56.44
FII	21.41	21.83	21.13	20.9	22.14	21.24	20.72	18.81	17.93	18.18
DII	9.72	8.78	8.79	9.52	7.35	7.46	7.61	8.06	8.45	8.46
Public	13.6	13.97	14.67	13.57	14.5	14.81	15.19	16.66	17.18	16.92
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.73	52.87	52.88	53.48	53.48	53.93	53.93	53.93	53.93	53.93
FII	20.43	20.83	20.16	19.96	21.14	20.28	19.79	17.97	17.13	17.37
DII	9.27	8.38	8.39	9.09	7.02	7.12	7.27	7.7	8.08	8.09
Public	12.97	13.33	14	12.95	13.84	14.14	14.51	15.91	16.41	16.17
Others	0	0	0	0	0	0	0	0	0	0
Total	95.4	95.41	95.44	95.48	95.48	95.48	95.5	95.51	95.55	95.56

Pros

Stock is trading at 0.9 times its book value

Cons

Company has a low return on equity of 12% over the last 3 years.
The company has delivered a poor profit growth of -1% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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JM Financial

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JM Financial Research see more...

Overview Inc. Year: 1986Industry: Finance - Investment

JM Financial Share Price

Alert Data

Quarterly Price

Peer Comparison

JM Financial Quarterly Results

JM Financial Profit & Loss

Growth Rates

JM Financial Balance Sheet

JM Financial Cash Flow

JM Financial Ratios

JM Financial Shareholding Pattern

JM Financial News

Top Unlisted Companies & InstaBuy Companies

SBI Mutual Fund

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Orbis Financial

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