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JM Financial Limited JMFINANCIL NIFTY_SMALLNSEFINANCIAL

Financial Services · Capital Markets · India
https://www.jmfl.com

JM Financial Limited, together with its subsidiaries, provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally. The company operates through Investment Bank; Mortgage Lending; Alternative & Distressed Credit; and Asset Management, Wealth Management & Securities Business (Platform AWS) segments. The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also provides institutional equities business and research, portfolio management, private equity funds, fixed income, syndication, and finance services. The Mortgage Lending segment offers finance against commercial and residential real estate to a range of corporate and non-corporate clients; housing finance; and lending services to educational institutions. The Alternative & Distressed Credit segment provides securitization and reconstruction of financial assets and manages alternative credit funds. The Platform AWS segment offers investment advisory and distribution services, which include equity brokerage, elite and retail wealth management, and margin trade financing; distributes financial products; and manages mutual fund assets through various schemes. The company also provides real estate consulting and capital market lending services. The company was formerly known as J.M. Share and Stock Brokers Private Limited and changed its name to JM Financial Limited in September 2004. JM Financial Limited was founded in 1973 and is headquartered in Mumbai, India.

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₹130.36
+6.19% 1Y

Market & Price

Market Cap
₹12,468.49 Cr
Current Price
₹130.36
High / Low (52W)
₹191.14 / ₹113.61
Beta
0.35

Valuation

Stock P/E
10.39
Industry PE
19.12
Forward P/E
8.81
PEG Ratio
-
Book Value
₹107.51
Price to Book
1.21
P/S
3.56
EV/EBITDA
-
Dividend Yield
3.22%

Profitability & Returns

ROCE
-
ROE
-
ROA
-
Profit Margin
35.62%
Op Margin
46.78%
EPS (Latest Qtr)
₹3.27
EPS (TTM)
₹12.55

Balance Sheet & Liquidity

Debt/Equity
1.04
Quick Ratio
-
Current Ratio
-
Debt
₹11,359.97 Cr
Total Assets
₹24,504.10 Cr
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
24.60%
Chg in Prom Hold
-
FII / Inst Holding
50.52%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹19,041.18 Cr
Total Revenue (TTM)
₹3,498.76 Cr
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
-
Shares Outstanding
₹95.65 Cr
Gross Margin
89.64%
Payout Ratio
33.47%

Growth (CAGR)

Revenue 5Y
0.63%
Profit 5Y
2.03%
Revenue (YoY)
31.40%
Earnings (YoY)
50.00%

PROS

  • Excellent profit margin of 35.6%.
  • Attractive dividend yield of 3.22%.

CONS

  • Trading 31.8% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 JMFINANCIL JM Financial Limited NIFTY_SMALLNSEFINANCIAL 130.36 10.39 ₹12,468.49 Cr 3.22% - - 0.63% 2.03%
2 HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL 744.55 16.61 ₹11.46 L Cr 1.75% - 13.82% 32.50% 20.39%
3 ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL 1,256.40 16.81 ₹9.01 L Cr 0.88% - 16.36% 19.65% 16.78%
4 SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU 964.40 10.58 ₹8.90 L Cr 1.80% - 15.48% 12.19% 14.39%
5 KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL 384.20 19.80 ₹3.82 L Cr 0.13% - 11.39% 14.58% 8.92%
6 LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU 411.35 9.06 ₹2.60 L Cr 2.43% - 42.36% 7.61% 16.86%
7 SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL 947.15 17.79 ₹2.23 L Cr 1.46% - 16.38% 15.48% 18.59%
8 SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL 1,830.10 74.06 ₹1.84 L Cr 0.15% - 13.70% 11.67% 12.81%
9 ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL 3,538.50 53.19 ₹1.75 L Cr 0.70% 98.30% 85.80% 28.94% 29.58%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Dec 2025
Revenue 639.06 Cr686.07 Cr746.03 Cr1,074.80 Cr901.39 Cr
Cost of Revenue -----
Gross Profit -----
Operating Expenses 485.46 Cr399.49 Cr434.61 Cr482.24 Cr501.01 Cr
Operating Income -----
EBITDA -----
Interest Expense 343.12 Cr318.00 Cr273.59 Cr250.88 Cr247.83 Cr
Pretax Income 153.60 Cr286.58 Cr311.42 Cr592.56 Cr400.38 Cr
Tax Provision 9.81 Cr79.16 Cr76.41 Cr134.98 Cr95.37 Cr
Net Income 232.16 Cr208.92 Cr209.53 Cr453.81 Cr312.80 Cr
Diluted EPS 2.432.18-4.743.27

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Revenue 2,671.56 Cr2,068.58 Cr2,692.69 Cr2,722.35 Cr
Cost of Revenue ----
Gross Profit ----
Operating Expenses 1,323.52 Cr1,115.97 Cr2,339.32 Cr1,725.50 Cr
Operating Income ----
EBITDA ----
Interest Expense 1,081.73 Cr1,178.51 Cr1,561.52 Cr1,304.93 Cr
Pretax Income 1,348.04 Cr952.61 Cr353.37 Cr996.85 Cr
Tax Provision 355.67 Cr243.85 Cr325.85 Cr224.85 Cr
Net Income 773.16 Cr597.29 Cr409.84 Cr821.31 Cr
Diluted EPS 8.096.254.298.58

Compounded Sales Growth

5 Years:0.63%
1 Year:31.40%

Compounded Profit Growth

5 Years:2.03%
1 Year:50.00%

Stock Price Performance

1 Year:+6.19%
6 Months:-5.11%
3 Months:-3.24%
1 Month:-4.71%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets 25,814.50 Cr29,370.44 Cr29,763.60 Cr24,504.10 Cr
Current Assets ----
Cash & Equivalents 1,262.94 Cr524.02 Cr2,231.58 Cr540.00 Cr
Inventory ----
Receivables 15,570.61 Cr18,144.04 Cr15,631.46 Cr10,563.86 Cr
Total Liabilities 15,188.86 Cr18,100.59 Cr18,707.57 Cr14,273.65 Cr
Current Liabilities ----
Long Term Debt ----
Total Debt 13,498.04 Cr15,939.46 Cr16,227.73 Cr11,507.36 Cr
Total Equity 7,686.21 Cr8,136.26 Cr8,490.50 Cr9,727.80 Cr
Shares Outstanding 95.41 Cr95.48 Cr95.56 Cr95.58 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow -3,458.08 Cr-2,307.20 Cr3,635.05 Cr5,568.68 Cr
Investing Cash Flow 2,613.92 Cr-591.61 Cr-2,089.94 Cr-2,474.51 Cr
Financing Cash Flow 1,280.72 Cr2,159.89 Cr162.45 Cr-4,785.75 Cr
Capital Expenditure -17.03 Cr-124.53 Cr-53.73 Cr-33.97 Cr
Free Cash Flow -3,475.11 Cr-2,431.73 Cr3,581.32 Cr5,534.71 Cr
Net Change in Cash 436.56 Cr-738.92 Cr1,707.56 Cr-1,691.58 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Gross Margin % ----
Operating Margin % ----
Net Margin % 28.9%28.9%15.2%30.2%
ROE % 10.1%7.3%4.8%8.4%
ROCE % ----

Shareholding Pattern

Insiders
24.60%
Institutions
50.52%
Public Float
67.00%

Analyst View

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