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JM Financial Limited

JM Financial Limited

JMFINANCIL.NS
JM Financial LimitedIN flagNational Stock Exchange of India
128.70
INR
-2.45
- -
123.16BMarket Cap
JM Financial Limited
JMFINANCIL.NS
(National Stock Exchange of India)

Recent

price

128.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
8.73
7.71
8.86
9.26
12.84
14.88
19.86
23.17
24.28
24.56
22.8
28.02
21.67
28.19
28.48
- -
28.25
Revenue per Share
2.33
1.62
2.44
2.78
4.32
5.08
5.93
7.48
6.82
6.48
6.34
8.11
6.26
4.29
8.59
- -
9.75
Basic EPS, GAAP
-10.92
4.92
-5.48
12.52
-25.53
-11.9
-32.91
-44.91
9
37.51
10.35
-36.44
-25.47
37.49
57.89
- -
- -
Free Cash Flow per Basic Share
0.59
0.74
1.23
1.2
1.33
1.78
1.82
2.05
2.05
0.55
0.19
1.01
2.06
0.91
2.05
- -
- -
Dividend per Share
18.55
18.55
19.37
20.31
21.88
23.43
25.67
29.34
31.08
36
37.57
41.88
44.35
45.34
51.03
- -
1
Book Value per Share
26.66
26.66
28.24
29.85
40.3
43.97
63.9
79.83
91.75
95.99
103.36
110.79
117.38
114.94
106.21
- -
117.92
Tangible Book Value per Share
750
750
751
754
766
788
793
803
839
841
930
954
955
955
956
- -
956
Basic Weighted Avg Shares
6,544
5,779
6,653
6,988
9,828
11,726
15,752
18,604
20,383
20,653
21,214
26,716
20,686
26,927
27,232
34,986
27,008
Sales/Revenue/Turnover
81.86
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
124
115
122
152
180
203
233
262
271
410
398
378
419
530
638
784
592
Depreciation Expense
1,746
1,212
1,829
2,095
3,305
4,005
4,702
6,009
5,722
5,450
5,901
7,732
5,973
4,098
8,213
12,020
9,320
Net Income, GAAP
23.16
32.59
29.51
28.55
30.25
32.11
34.46
32.77
34.79
28.9
24.44
26.38
25.6
92.21
22.56
25.53
25.41
Effective Tax Rate (%)
26.68
20.97
27.5
29.98
33.63
34.15
29.85
32.3
28.07
26.39
27.82
28.94
28.87
15.22
30.16
34.36
34.51
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
32,024
32,024
41,972
29,885
47,226
66,719
109,534
149,876
139,911
117,557
124,052
134,980
159,395
162,277
115,074
116,346
116,346
LT Debt
20,796
20,796
22,010
23,621
31,976
35,780
51,291
64,724
77,661
81,344
96,760
106,256
112,698
110,560
102,304
113,581
113,581
Total Equity
11.32
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
23.82
8.71
12.86
14.03
20.61
22.74
24.22
27.37
23.05
19.34
18.1
20.65
14.52
9.57
17.84
48.32
37.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
956
Market Capitalization
152,573
143,532
108,604

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
4,722
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.07%
3.5%
11.02%
Free Cash Flow
-43.06%
-154.86%
-90.67%
Net Income, GAAP
16.76%
24.73%
46.35%
Sales/Revenue/Turnover
12.92%
12.63%
28.47%
Total Cash Common Dividend
61.1%
144.91%
104.88%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,692
6,990
8,120
6,125
26,927
2025
6,512
6,391
6,861
7,468
27,232
2026
10,748
- -
9,014
7,246
34,986

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.74
2.04
2.91
- -
4.29
2025
1.79
2.43
2.19
2.19
8.59
2026
4.75
- -
3.27
1.73
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.91
2025
- -
- -
- -
- -
2.05
2026
- -
- -
- -
- -
- -
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Business
JM Financial Limited delivers a comprehensive suite of financial services to diverse clientele, including corporations, institutional investors, high-net-worth individuals, and retail clients across India. The firm operates through distinct divisions: Investment Banking, Mortgage Solutions, Alternative & Distressed Assets, and an integrated platform for Asset Management, Wealth Management, and Securities (Platform AWS). The Investment Banking segment facilitates capital market transactions, provides advisory for mergers, acquisitions, and private equity syndication, alongside offering institutional equities, research, private equity fund management, fixed income services, and syndication finance. This segment has demonstrated a strong market presence, notably ranking highly in IPO and QIP market shares for funds raised in FY24. The Mortgage Solutions segment extends financing for both commercial and residential real estate ventures, catering to corporate entities, non-corporate clients, educational institutions, and providing housing finance. The Alternative & Distressed Assets division focuses on the securitization and restructuring of financial assets, in addition to managing specialized alternative credit funds. Within the Platform AWS segment, the company offers tailored investment advisory and distribution, encompassing equity brokerage, wealth management, capital market lending to wealth management and broking clients, distribution of various financial products, and oversight of mutual fund assets through multiple schemes. Established in 1973, JM Financial Limited maintains its central operations in Mumbai, India.