JM Financial Limited

JM Financial Limited

110.97
INR
-2.99
(-2.62%)
108.65BMarket Cap
Nov 04Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
9.26
12.84
14.88
19.86
23.17
24.28
24.56
22.8
28.02
21.67
28.19
28.48
36.58
- -
Basic EPS, GAAP
2.78
4.32
5.08
5.93
7.48
6.82
6.48
6.34
8.11
6.26
4.29
8.59
12.57
- -
Free Cash Flow per Basic Share
12.52
-25.53
-11.9
-32.91
-44.91
9
37.51
10.35
-36.44
-25.47
37.49
57.91
5.4
- -
Dividend per Share
1.2
1.33
1.78
1.82
2.05
2.05
0.55
0.19
1.01
2.06
0.91
2.05
4.2
- -
Book Value per Share
29.09
32.45
36.88
43.11
54.36
61.1
67.03
73.47
80.56
85.21
88.85
101.77
111.44
- -
Tangible Book Value per Share
27.63
31.02
35.45
42.33
53.61
60.33
66.29
72.83
79.93
84.53
88.04
100.98
110.54
- -
Basic Weighted Avg Shares
754
766
788
793
803
839
841
930
954
955
955
956
956
956
Sales/Revenue/Turnover
6,988
9,828
11,726
15,752
18,604
20,383
20,653
21,214
26,716
20,686
26,927
27,224
34,977
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
152
181
203
233
262
271
410
398
378
419
530
638
784
- -
Net Income, GAAP
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
- -
Effective Tax Rate (%)
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
- -
Profit Margin (%)
29.98
33.63
34.15
29.85
32.3
28.07
26.39
27.82
28.94
28.87
15.22
30.17
34.36
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
29,885
47,227
66,719
109,534
149,876
139,911
117,557
124,052
134,980
159,395
162,277
115,074
116,694
- -
Total Equity
23,621
31,976
35,780
51,291
64,724
77,661
81,344
96,761
106,256
112,699
110,560
102,305
113,581
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
3.31
4.25
3.03
2.21
2.22
1.42
1.5
1.77
2.4
1.89
2.9
3.55
5.37
- -
Return on Common Equity (%)
9.87
13.95
14.69
14.85
15.06
11.81
10.12
9.34
10.53
7.55
4.93
9.02
11.79
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
956
956
957
Market Capitalization
143,546
108,653
117,046

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
4,722
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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%
12.62%
28.48%
Total Cash Common Dividend
61.1%
144.91%
104.88%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6,512
6,391
6,861
7,468
27,224
2026
10,748
- -
9,014
7,246
34,977
2027
9,645
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.79
2.43
2.19
2.19
8.59
2026
4.75
- -
3.27
1.73
12.57
2027
3.05
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.05
2026
- -
- -
- -
- -
4.2
2027
- -
- -
- -
- -
- -

Company Description

CEO
Vishal Kampani
Full Time Employees
5,250
Sector
Finance
Industry
Investment banks/Brokers
Address
Cnergy Mumbai MH India 400025
IPO Date
Jun 15, 1995
Website
jmfl.com
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.