JM Financial
JM Financial Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for JM Financial Limited, framed against the sector median so the premium or discount is obvious at a glance.
JM Financial Limited trades at a P/E of 9.05× and P/B of 1.02×, against the Financial Services sector median P/E of 18.33×.
Valuation
Profitability
Growth
Financial Health
JM Financial Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for JM Financial Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
JM Financial Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for JM Financial Limited, switchable between annual and quarterly views, consolidated or standalone.
JM Financial Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹12,050.27 Cr and reported EPS of ₹12.56.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,542 | 3,432 | 3,197 | 3,707 | 3,265 | 4,761 | 4,378 | 4,091 |
| Interest Earned | 2,365 | 2,281 | 1,909 | 1,851 | 1,935 | 2,556 | 1,928 | 1,652 |
| +Other Income | 37 | 22 | 29 | 56 | 78 | 71 | 75 | 169 |
| Total Income | 3,579 | 3,454 | 3,227 | 3,763 | 3,343 | 4,832 | 4,453 | 4,261 |
| Net Interest Income (NII) | 2,365 | 2,281 | 1,909 | 1,851 | 1,935 | 2,556 | 1,928 | 1,652 |
| Gross Profit | 3,542 | 3,432 | 3,197 | 3,707 | 3,265 | 4,761 | 4,378 | 4,091 |
| +Operating Expenses | 708 | 699 | 752 | 947 | 1,075 | 1,146 | 1,319 | 1,419 |
| EBITDA | 2,834 | 2,733 | 2,445 | 2,760 | 2,191 | 3,615 | 3,058 | 2,672 |
| +Non-Operating Expenses | 1,473 | 1,427 | 1,151 | 1,120 | 1,220 | 768 | 1,369 | 1,056 |
| Profit Before Tax (PBT) | 1,283 | 1,094 | 1,067 | 1,348 | 953 | 353 | 997 | 1,580 |
| +Tax Expense | 446 | 316 | 261 | 356 | 244 | 326 | 225 | 404 |
| Total Profit for Period | 837 | 778 | 808 | 992 | 709 | 31 | 774 | 1,201 |
| Less: Non-controlling Interests | 265 | 233 | 218 | 219 | 112 | -379 | -48 | -1 |
| Net Profit (Owner's PAT) | 572 | 545 | 590 | 773 | 597 | 410 | 821 | 1,202 |
| Earnings Per Share (EPS) | 6.81 | 6.48 | 6.19 | 8.10 | 6.26 | 4.29 | 8.59 | 12.57 |
| Diluted Shares Outstanding (Nos.) | 84 | 84 | 95 | 95 | 95 | 96 | 96 | 96 |
| +Additional Disclosures | 2,569 | 2,602 | 2,379 | 2,639 | 2,513 | 3,257 | 3,413 | 2,709 |
| Sales Growth % | — | -3.10 | -6.83 | 15.94 | -11.93 | 45.81 | -8.05 | -6.55 |
| YoY Sales Growth % | — | -3.10 | -6.83 | 15.94 | -11.93 | 45.81 | -8.05 | -6.55 |
| Employee Cost % | 12 | 12 | 14 | 15 | 19 | 17 | 22 | 26 |
| Other Cost % | 8 | 9 | 10 | 11 | 14 | 7 | 8 | 9 |
| OPM % | 80 | 80 | 76 | 74 | 67 | 76 | 70 | 65 |
| Tax % | 35 | 29 | 24 | 26 | 26 | 92 | 23 | 26 |
| Profit Growth % | — | -4.75 | 8.29 | 31.01 | -22.75 | -31.38 | 100.40 | 46.35 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | — | — | — | — | — | 294 | 343 | 400 |
JM Financial segment analysis: revenue and profit mix.
Disclosed business segments at JM Financial with their share of revenue and profit, switchable between consolidated and standalone reporting.
JM Financial discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
JM Financial Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy JM Financial Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
JM Financial Limited's investment case rests on 7 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
JM Financial shows a robust OPM of 57.20%, indicating efficient cost management and strong profitability. Its PE ratio of 14.80 is significantly lower than the sector average of 20.91, suggesting potential undervaluation.
The company reported a remarkable 166.00% increase in quarterly PAT, demonstrating strong operational performance and significant growth momentum. This surge reflects potential for continued expansion and improved earnings stability.
A substantial promoter holding of 56.6% signals strong confidence from leadership, aligning management interests with long-term shareholder value. This high stake also helps mitigate risks of hostile takeovers.
A healthy dividend yield of 1.58% provides consistent investor returns. Coupled with a positive ROE of 9.01%, it highlights the company's effective ability to generate profits from shareholder investments.
Operating in the 'Financial Services' sector, the company can benefit from economic growth and rising demand for credit and investment products. This presents avenues for business expansion and market share gains.
What can break it.
JM Financial's high debt-to-equity ratio of 1.18 raises concerns about financial leverage. This significant debt burden could increase vulnerability to economic downturns and limit future growth flexibility.
The company reported a substantial net loss of -674.00 in the March 2024 quarter, indicating significant profitability volatility. This sharp decline warrants investigation into its impact on future earnings stability.
Recent stock price movements show considerable fluctuation, with a -2.32% change on 2025-10-30, indicating market uncertainty. This volatility poses a risk to investors seeking stability and may impact confidence.
FII holding has declined from 22.14% in Dec 2022 to 18.38% in Sep 2025, potentially signaling reduced foreign investor confidence. This trend could impact the company's long-term prospects and market perception.
The financial services sector is highly competitive, with strong peers like Bajaj Finserv. This intense competition could pressure JM Financial's margins and market share, potentially impacting future profitability.
What would change my mind.
Trim if P/E re-rates above 12 (~0.7× the sector multiple of 18.3). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 102.94. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
JM Financial Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — JM Financial Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
JM Financial Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for JM Financial Limited — derived from the live tape, not yesterday's close.
JM Financial Limited last traded at ₹125.98 with an intraday range of ₹125.17–₹128.8 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹125.98| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 135.39 | +9.41 | +7.47% |
| R3 | 131.76 | +5.78 | +4.59% |
| R2 | 130.28 | +4.30 | +3.41% |
| R1 | 128.13 | +2.15 | +1.71% |
| PIVOT | 126.65 | 0.67 | 0.53% |
| CURRENT | 125.98 | — | — |
| S1 | 117.24 | -8.74 | -6.94% |
| S2 | 120.87 | -5.11 | -4.06% |
| S3 | 123.02 | -2.96 | -2.35% |
| S4 | 124.50 | -1.48 | -1.17% |
JMFINANCIL is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 127.23 ~ 128.8
Trading Below opening range, showing Bearishness
JM Financial Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for JM Financial Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in JM Financial Limited stood at 51.4% of traded volume, against a 20-day average of 44.1%.
JM Financial announcements: results, concalls, ratings, M&A.
Filings JM Financial sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
JM Financial files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 116 documents below.
Cessation
JM Financial Limited has informed the Exchange regarding Cessation of Mr. Gagan Kothari as Senior Management Person of the Company w.e.f. May 1,…
Disclosure under SEBI Takeover Regulations
J.M. Financial and Investment Consultancy Services Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the…
Allotment of Securities
JM Financial Limited has informed the Exchange regarding allotment of 95642 securities pursuant to ESOP/ESPS at its meeting held on April 20, 2026
Copy of Newspaper Publication
JM Financial Limited has informed the Exchange about Copy of Newspaper Publication
Certificate under SEBI (Depositories and Participants) Regulations, 2018
JM Financial Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
JM Financial insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in JM Financial as reported to SEBI — buying and selling signals from the people who know the business best.
JM Financial insider activity below tracks 41 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Pratik Rokade | Insider | 20 Apr 2026 | buy | +16.9 K | ₹22.45 L | ₹132.70 |
| Devan Kampani | Insider | 20 Apr 2026 | buy | +31.9 K | ₹42.38 L | ₹132.70 |
| Venugopal Nyalapelli | Insider | 20 Apr 2026 | buy | +9.8 K | ₹12.95 L | ₹132.70 |
| Rushank Jain | Insider | 20 Apr 2026 | buy | +16.9 K | ₹22.45 L | ₹132.70 |
| Krishna Rao | Insider | 20 Apr 2026 | buy | +13.7 K | ₹18.19 L | ₹132.70 |
| Pratik Rokade | Insider | 20 Apr 2026 | buy | +16.9 K | ₹22.45 L | ₹132.70 |
| Krishna Rao | Insider | 20 Apr 2026 | buy | +13.7 K | ₹18.19 L | ₹132.70 |
| Venugopal Nyalapelli | Insider | 20 Apr 2026 | buy | +9.8 K | ₹12.95 L | ₹132.70 |
| Rushank Jain | Insider | 20 Apr 2026 | buy | +16.9 K | ₹22.45 L | ₹132.70 |
| Devan Kampani | Insider | 20 Apr 2026 | buy | +31.9 K | ₹42.38 L | ₹132.70 |
JM Financial dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue JM Financial has declared, sequenced by announce and record date.
JM Financial corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About JM Financial Limited: business, sector, key facts.
What JM Financial Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
JM Financial Limited operates in the Financial Services, listed as NSE: JMFINANCIL, BSE: 523405.
JM Financial Limited is a diversified financial services company operating in India and internationally. Its business model caters to a broad client base, including corporations, financial institutions, government entities, high-net-worth individuals, and retail customers. The company's integrated approach allows it to offer a comprehensive suite of financial solutions across various segments.
The company's core business is structured around four key segments. The Investment Banking segment is a major player in capital markets transactions, providing advisory services for mergers and acquisitions, private equity syndication, institutional equities trading and research, portfolio management, private equity fund management, fixed income activities, syndication, and financing.
The Mortgage Lending segment focuses on providing financing solutions secured by commercial and residential real estate for both corporate and non-corporate clients. This includes traditional housing finance and lending to educational institutions. This segment represents a significant portion of JM Financial's lending portfolio, capitalizing on the growing demand for real estate financing in India.
The Alternative & Distressed Credit segment plays a critical role in managing and restructuring financial assets. This involves securitization and the management of alternative credit funds, showcasing the company's expertise in handling complex financial situations and generating returns from distressed assets. This segment provides a specialized service for the management of high-risk and high-reward investments.
Finally, the Asset Management, Wealth Management & Securities Business (Platform AWS) segment encompasses a wide range of services, including investment advisory and distribution. This includes equity brokerage, catering to both elite and retail clients, wealth management services, margin trade financing, and the distribution of diverse financial products. The segment also manages mutual fund assets through various schemes, providing comprehensive asset management solutions. Furthermore, it offers real estate consulting and capital market lending services, completing a holistic financial services offering.
Questions investors ask about JM Financial Limited (JMFINANCIL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of JM Financial Limited (JMFINANCIL)?
The current share price of JM Financial Limited (JMFINANCIL) is ₹125.98. Today, the stock has declined by ₹2.80 (2.17%), trading in a range of ₹125.17 to ₹128.8. The stock opened at ₹128.78 with a trading volume of 17,03,674 shares.
02Is JM Financial Limited stock a good investment for long-term?
JM Financial Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹12,050.27 crores, P/E ratio of 9.05, ROE of 11.13%, and ROCE of 9.39%. The dividend yield stands at 4.71%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of JM Financial Limited stock?
The 52-week high price of JM Financial Limited (JMFINANCIL) is ₹199.8, while the 52-week low is ₹112. Currently trading at ₹125.98, the stock is 15.9% away from its 52-week low and 36.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy JM Financial Limited stock at the current price?
Whether to buy JM Financial Limited stock at ₹125.98 depends on multiple factors. The stock is currently trading with a P/E ratio of 9.05 and P/B ratio of 1.02. Today's performance shows a loss of 2.17%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of JM Financial Limited and when is the next dividend?
JM Financial Limited offers a dividend yield of 4.71%, which means for every ₹100 invested at the current price of ₹125.98, you can expect to receive approximately ₹4.71 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of JM Financial Limited?
JM Financial Limited's key financial metrics include: P/E Ratio: 9.05, P/B Ratio: 1.02, ROE: 11.13%, ROCE: 9.39%, Dividend Yield: 4.71%, EPS: ₹12.56, Book Value: ₹111.5, and Debt-to-Equity: 102.44. The company's market cap stands at ₹12,050.27 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is JM Financial Limited stock performing today in the market?
JM Financial Limited stock opened at ₹128.78 and is currently trading at ₹125.98, showing a decline of ₹2.80 (2.17%). The intraday high is ₹128.8 and low is ₹125.17. The trading volume stands at 17,03,674 shares, indicating strong market participation today.
08What is the P/E ratio of JM Financial Limited and what does it indicate?
JM Financial Limited has a Price-to-Earnings (P/E) ratio of 9.05, which means investors are willing to pay ₹9.05 for every ₹1 of earnings. With an EPS of ₹12.56, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about JM Financial Limited (JMFINANCIL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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