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JMFINANCIL

JMFINANCIL - JM Financial Limited Share Price

Finance

177.83+3.30(+1.89%)
Market Open as of Oct 8, 2025, 15:30 IST

Valuation

Market Cap15.49 kCr
Price/Earnings (Trailing)14.01
Price/Sales (Trailing)3.46
EV/EBITDA5.76
Price/Free Cashflow2.8
MarketCap/EBT11.52
Enterprise Value14.95 kCr

Fundamentals

Revenue (TTM)4.48 kCr
Rev. Growth (Yr)2.5%
Earnings (TTM)1.05 kCr
Earnings Growth (Yr)145.4%

Profitability

Operating Margin30%
EBT Margin30%
Return on Equity10.22%
Return on Assets4.27%
Free Cashflow Yield35.73%

Price to Sales Ratio

Latest reported: 3

Revenue (Last 12 mths)

Latest reported: 4 kCr

Net Income (Last 12 mths)

Latest reported: 1 kCr

Growth & Returns

Price Change 1W-5.4%
Price Change 1M-8.7%
Price Change 6M68.5%
Price Change 1Y13.4%
3Y Cumulative Return29.1%
5Y Cumulative Return16%
7Y Cumulative Return9.1%
10Y Cumulative Return14.1%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-2.47 kCr
Cash Flow from Operations (TTM)5.57 kCr
Cash Flow from Financing (TTM)-4.79 kCr
Cash & Equivalents540 Cr
Free Cash Flow (TTM)5.53 kCr
Free Cash Flow/Share (TTM)57.88

Balance Sheet

Total Assets24.5 kCr
Total Liabilities14.27 kCr
Shareholder Equity10.23 kCr
Net PPE503.39 Cr
Inventory129.9 Cr
Goodwill52.44 Cr

Capital Structure & Leverage

Debt Ratio0.00
Debt/Equity0.00
Interest Coverage0.13
Interest/Cashflow Ops5.7

Dividend & Shareholder Returns

Dividend/Share (TTM)2.7
Dividend Yield1.67%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.20%
Pros

Profitability: Very strong Profitability. One year profit margin are 23%.

Insider Trading: There's significant insider buying recently.

Balance Sheet: Strong Balance Sheet.

Past Returns: Outperforming stock! In past three years, the stock has provided 29.1% return compared to 11.2% by NIFTY 50.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Size: Market Cap wise it is among the top 20% companies of india.

Cons

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock is suffering a negative price momentum. Stock is down -8.7% in last 30 days.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield1.67%
Dividend/Share (TTM)2.7
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)11.56

Financial Health

Debt/Equity0.00

Technical Indicators

RSI (14d)16.16
RSI (5d)12.61
RSI (21d)37.91
MACD SignalSell
Stochastic Oscillator SignalBuy
Grufity SignalSell
RSI SignalBuy
RSI5 SignalBuy
RSI21 SignalHold
SMA 5 SignalSell
SMA 10 SignalSell
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from JM Financial

Summary of JM Financial's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Last updated:

During the earnings conference call held on August 12, 2025, management provided an optimistic outlook, reporting the highest ever operating Profit After Tax (PAT) of almost INR 454 crores and a net worth surpassing INR 10,000 crores for the first time. Key highlights included a year-on-year net revenue growth of 22% and pre-provisioning operating profit growth of 22%, indicating robust performance across business units.

Management emphasized significant recoveries, with a net reversal of impairment amounting to INR 204 crores, and maintained guidance of expected recoveries of INR 250 crores to INR 300 crores annually over the next three years. The total current Non-Performing Assets (NPA) was noted to be approximately INR 760 crores, with hopes to recover the full provisions over the indicated period.

On the borrowing side, management reported a reduction of INR 4,300 crores in the past year, with continued strong growth in fees and commissions. They highlighted brokerage income up by 29% quarter-on-quarter, along with fee and commission income rising by 23% year-on-year. Strategic initiatives included increasing ownership in JM Financial Credit Solutions to 100% and plans to grow the home loan book to INR 5,000 crores in two years, targeting INR 10,000 crores by 2030 with an IPO and listing planned for 2028 or 2029.

Management also referenced a pipeline of INR 1 lakh crores worth of IPO transactions filed, suggesting a potential for significant execution in the next 12 months should market conditions remain favorable. Overall, management's strategic focus seems geared towards leveraging existing recovery capabilities while fostering sustained growth across all segments.

Last updated:

Here are some major questions and detailed answers from the Q&A section of the JM Financial earnings conference call held on August 12, 2025:

  1. Question by Digant Haria: "What have we planned for the new hiring in the wealth management team, and should investors expect continuous improvements in terms of recurring AUM and profits?"

    Answer: We are in an investing phase and have made key additions in wealth management personnel. We've set the foundation for growth, and while there may be quarters of fluctuation, year-on-year growth should be consistent. As new hires begin to contribute, we anticipate stronger productivity and improvements.

  2. Question by Pawan: "What led to the significant growth of recurring AUM from INR19,000 crores to INR31,000 crores, and what guidance can you provide for net new money?"

    Answer: Our recurring AUM increased to INR31,180 crores, a 37% year-on-year growth. The growth is driven by significant talent acquisition and a focus on recurring revenue across wealth segments. We continue to build aggressively, but we do not provide specific quarterly net new money targets.

  3. Question by Anubhav Goel: "With the equity AUM at around INR1 lakh crores, why are our PAT margins relatively lower at 10% compared to peers?"

    Answer: The lower margins stem from our expansion strategy, which has involved upfront costs. However, year-over-year margins have improved by over 3 percentage points. As our investments yield returns and productivity increases, we expect margins to improve further, resulting in higher profitability over time.

  4. Question by Dhruv Sanghvi: "Is there a possibility of a buyback or similar event now that restructuring is complete?"

    Answer: We focus on increasing our payout ratio via dividends rather than buybacks, as they may not be tax-efficient. Our commitment remains towards a robust payout policy.

  5. Question by Prolin Nandu: "What is the rationale behind selling a small stake in our housing finance business, and can we expect more similar transactions before the IPO?"

    Answer: The main reason was to invite a strategic, long-term partner like Bajaj, enhancing our cap table's credibility. We aim to create synergies, potentially leading to more stake sales leading up to the targeted IPO around 2028-2029.

These responses frame the company's current strategies and outlooks as of Q1 FY26, highlighting their plans for growth and investor confidence.

Revenue Breakdown

Analysis of JM Financial's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Mar 31, 2025

DescriptionShareValue
Investment Bank35.0%378.6 Cr
Asset Management, Wealth Management & Securities Business (Platform AWS)28.5%308.4 Cr
Mortgage Lending27.3%295.3 Cr
Alternative & Distressed Credit5.6%61 Cr
Others3.5%37.4 Cr
Total1.1 kCr

Share Holdings

Understand JM Financial ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
J. M. Financial And Investment Consultancy Services Private Limited24.4%
Nimesh Kampani13.02%
J. M. Assets Management Private Limited11.29%
Aruna Kampani2.92%
ICICI PRUDENTIAL (VARIOUS SCHEMES)2.81%
BARON EMERGING MARKETS FUND2.76%
TIMF HOLDINGS2.36%
SNK Investments Private Limited1.86%
QUANT MUTUAL FUND1.75%
Vishal Kampani1.36%
ROBECO CAPITAL GROWTH FUNDS1.3%
VIKRAM SHANKAR PANDIT1.22%
Amishi Akash Gambhir0.84%
JSB Securities Limited0.4%
JM Financial Trustee Company Private Limited0.17%
Shiv Vishal Kampani0.13%
Nimesh Kampani HUF (Nimesh Kampani - Karta)0.13%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is JM Financial Better than it's peers?

Detailed comparison of JM Financial against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
BAJFINANCEBajaj Finance6.16 LCr73.15 kCr+12.90%+27.80%20.358.42--
HDFCAMCHDFC Asset Management Co.1.2 LCr4.31 kCr+2.90%+27.20%46.1527.89--
MOTILALOFSMotilal Oswal Financial Services54.93 kCr8.8 kCr+6.90%+22.00%19.716.24--
IIFLIIFL FINANCE18.69 kCr10.58 kCr+2.90%-8.00%57.711.77--
EDELWEISSEdelweiss Financial Services10.44 kCr9.46 kCr+3.00%-21.20%18.311.1--

Sector Comparison: JMFINANCIL vs Finance

Comprehensive comparison against sector averages

Comparative Metrics

JMFINANCIL metrics compared to Finance

CategoryJMFINANCILFinance
PE14.1317.68
PS3.493.24
Growth-7.5 %13.7 %
33% metrics above sector average

Performance Comparison

JMFINANCIL vs Finance (2021 - 2025)

JMFINANCIL outperforms the broader Finance sector, although its performance has declined by 16.8% from the previous year.

Key Insights
  • 1. JMFINANCIL is among the Top 5 Holding Company companies by market cap.
  • 2. The company holds a market share of 2.5% in Holding Company.
  • 3. In last one year, the company has had a below average growth that other Holding Company companies.

Income Statement for JM Financial

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Balance Sheet for JM Financial

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Cash Flow for JM Financial

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

What does JM Financial Limited do?

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 in four segments: Investment Bank; Mortgage Lending; Alternative & Distressed Credit; and Asset Management, Wealth Management & Securities Business (Platform AWS). The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also engages in institutional equities business and research, portfolio management services, private equity funds, fixed income, syndication, and finance. Its Mortgage Lending segment offers finance against commercial and residential real estate to a range of corporate and non-corporate clients; and 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. Its 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. It 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.

Industry Group:Finance
Employees:290
Website:www.jmfl.com