
JMFINANCIL - JM Financial Limited Share Price
Finance
Valuation | |
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Market Cap | 15.49 kCr |
Price/Earnings (Trailing) | 14.01 |
Price/Sales (Trailing) | 3.46 |
EV/EBITDA | 5.76 |
Price/Free Cashflow | 2.8 |
MarketCap/EBT | 11.52 |
Enterprise Value | 14.95 kCr |
Fundamentals | |
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Revenue (TTM) | 4.48 kCr |
Rev. Growth (Yr) | 2.5% |
Earnings (TTM) | 1.05 kCr |
Earnings Growth (Yr) | 145.4% |
Profitability | |
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Operating Margin | 30% |
EBT Margin | 30% |
Return on Equity | 10.22% |
Return on Assets | 4.27% |
Free Cashflow Yield | 35.73% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -5.4% |
Price Change 1M | -8.7% |
Price Change 6M | 68.5% |
Price Change 1Y | 13.4% |
3Y Cumulative Return | 29.1% |
5Y Cumulative Return | 16% |
7Y Cumulative Return | 9.1% |
10Y Cumulative Return | 14.1% |
Cash Flow & Liquidity | |
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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 & Equivalents | 540 Cr |
Free Cash Flow (TTM) | 5.53 kCr |
Free Cash Flow/Share (TTM) | 57.88 |
Balance Sheet | |
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Total Assets | 24.5 kCr |
Total Liabilities | 14.27 kCr |
Shareholder Equity | 10.23 kCr |
Net PPE | 503.39 Cr |
Inventory | 129.9 Cr |
Goodwill | 52.44 Cr |
Capital Structure & Leverage | |
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Debt Ratio | 0.00 |
Debt/Equity | 0.00 |
Interest Coverage | 0.13 |
Interest/Cashflow Ops | 5.7 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 2.7 |
Dividend Yield | 1.67% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.20% |
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:
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.
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.
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.
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.
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
Description | Share | Value |
---|---|---|
Investment Bank | 35.0% | 378.6 Cr |
Asset Management, Wealth Management & Securities Business (Platform AWS) | 28.5% | 308.4 Cr |
Mortgage Lending | 27.3% | 295.3 Cr |
Alternative & Distressed Credit | 5.6% | 61 Cr |
Others | 3.5% | 37.4 Cr |
Total | 1.1 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 Name | Holding % |
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J. M. Financial And Investment Consultancy Services Private Limited | 24.4% |
Nimesh Kampani | 13.02% |
J. M. Assets Management Private Limited | 11.29% |
Aruna Kampani | 2.92% |
ICICI PRUDENTIAL (VARIOUS SCHEMES) | 2.81% |
BARON EMERGING MARKETS FUND | 2.76% |
TIMF HOLDINGS | 2.36% |
SNK Investments Private Limited | 1.86% |
QUANT MUTUAL FUND | 1.75% |
Vishal Kampani | 1.36% |
ROBECO CAPITAL GROWTH FUNDS | 1.3% |
VIKRAM SHANKAR PANDIT | 1.22% |
Amishi Akash Gambhir | 0.84% |
JSB Securities Limited | 0.4% |
JM Financial Trustee Company Private Limited | 0.17% |
Shiv Vishal Kampani | 0.13% |
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 |
---|---|---|---|---|---|---|---|---|---|
BAJFINANCE | Bajaj Finance | 6.16 LCr | 73.15 kCr | +12.90% | +27.80% | 20.35 | 8.42 | - | - |
HDFCAMC | HDFC Asset Management Co. | 1.2 LCr | 4.31 kCr | +2.90% | +27.20% | 46.15 | 27.89 | - | - |
MOTILALOFS | Motilal Oswal Financial Services | 54.93 kCr | 8.8 kCr | +6.90% | +22.00% | 19.71 | 6.24 | - | - |
IIFL | IIFL FINANCE | 18.69 kCr | 10.58 kCr | +2.90% | -8.00% | 57.71 | 1.77 | - | - |
EDELWEISS | Edelweiss Financial Services | 10.44 kCr | 9.46 kCr | +3.00% | -21.20% | 18.31 | 1.1 | - | - |
Sector Comparison: JMFINANCIL vs Finance
Comprehensive comparison against sector averages
Comparative Metrics
JMFINANCIL metrics compared to Finance
Category | JMFINANCIL | Finance |
---|---|---|
PE | 14.13 | 17.68 |
PS | 3.49 | 3.24 |
Growth | -7.5 % | 13.7 % |
Performance Comparison
JMFINANCIL vs Finance (2021 - 2025)
- 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
Balance Sheet for JM Financial
Cash Flow for JM Financial
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.