Just Dial Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2012 • Local Search Services: 98.0% • Infrastructure Support & Marketing Services: 2.0%
AI Sector View
AI GENERATEDConsumer Services
Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 38.4% YoY, showing strong momentum
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.8
CONS
- A large part of profit comes from other income (66.8% of PBT)
- Company has a low return on capital employed of 7.2%
- Company has a low return on equity of 5.7% over last 3 years
- Equity base is being diluted - shares outstanding up 37.4%
- Operating margins have contracted to 17.1% from 38.2%
- Company has delivered a poor sales growth of 3.2% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PFOCUS | 312.75 | 210.73 | 24356.15 | 0.00 | -457.78 | -514.43 | 12668.15 | 1196.88 | 2.74 | 23.76 |
| SAGILITY | 44.57 | 21.01 | 20864.68 | 0.34 | 216.81 | 45.94 | 1963.48 | 27.59 | 13.82 | 22.32 |
| HORIZONIND | 55.59 | 243.77 | 16026.06 | 0.00 | -116.27 | — | 2005.46 | — | 3.32 | 80.26 |
| SYNGENE | 384.20 | 70.18 | 15508.97 | 0.33 | -9.00 | -110.38 | 736.00 | -15.84 | 9.48 | 12.34 |
| INDGN | 577.00 | 34.68 | 13903.78 | 0.39 | 116.20 | -0.17 | 1063.10 | 39.73 | 18.92 | 16.39 |
| IGIL | 311.90 | 22.11 | 13479.06 | 1.60 | 165.74 | 30.98 | 370.78 | 23.22 | 77.00 | 60.35 |
| NESCO | 1091.55 | 18.46 | 7691.06 | 0.64 | 99.96 | 3.97 | 211.80 | 9.55 | 19.23 | 48.33 |
| SPARC | 196.95 | 4.03 | 6391.45 | 0.00 | -20.78 | 59.94 | 39.92 | 314.11 | 163.94 | -85.17 |
| LEAPIND | 140.95 | 99.60 | 6209.36 | 0.00 | 247.33 | — | 2034.13 | — | 9.32 | 51.19 |
| SMARTWORKS | 537.60 | 220.61 | 6149.13 | 0.00 | 13.15 | 413.27 | 546.25 | 44.05 | 61.12 | 63.33 |
| JUSTDIAL | 667.45 | 15.64 | 5676.60 | 0.00 | 115.74 | 38.44 | 270.27 | 16.23 | 12.88 | 26.17 |
| LATENTVIEW | 255.95 | 27.12 | 5300.30 | 0.00 | 47.10 | -6.84 | 286.88 | 21.55 | 16.69 | 19.76 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 167 | 186 | 205 | 221 | 233 | 247 | 261 | 265 | 270 | |
| 173 | 177 | 188 | 194 | 199 | 210 | 212 | 205 | 200 | |
| Operating Profit | -6 | 8 | 17 | 27 | 33 | 37 | 49 | 60 | 71 |
| OPM % | -3.68% | 4.52% | 8.28% | 12.27% | 14.28% | 14.86% | 18.71% | 22.78% | 26.17% |
| 35 | -60 | 56 | 71 | 74 | 81 | 58 | 75 | 91 | |
| Interest | 2 | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 3 |
| Depreciation | 7 | 7 | 8 | 8 | 9 | 10 | 12 | 12 | 12 |
| Profit before Tax | 20 | -60 | 64 | 88 | 96 | 106 | 92 | 121 | 147 |
| Tax % | -7.56% | 19.18% | 18.79% | 14.11% | 12.69% | 21.40% | 22.05% | 23.91% | 21.50% |
| Net Profit | 0 | -48 | 52 | 75 | 84 | 83 | 72 | 92 | 116 |
| 2.64 | -5.75 | 6.19 | 8.93 | 9.92 | 9.84 | 8.44 | 10.82 | 13.61 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 590 | 668 | 719 | 782 | 892 | 953 | 675 | 647 | 845 | 1,043 | 1,043 | |
| 424 | 523 | 609 | 619 | 670 | 680 | 520 | 660 | 831 | 832 | 826 | |
| Operating Profit | 166 | 144 | 110 | 163 | 222 | 273 | 155 | -13 | 14 | 210 | 217 |
| OPM % | 28.09% | 21.60% | 15.25% | 20.87% | 24.88% | 28.63% | 22.93% | -1.97% | 1.64% | 20.18% | 20.76% |
| 49 | 80 | 87 | 67 | 100 | 140 | 150 | 133 | 214 | 312 | 305 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 9 | 7 | 7 | 8 | 9 | 9 |
| Depreciation | 24 | 31 | 40 | 36 | 34 | 52 | 42 | 30 | 32 | 46 | 46 |
| Profit before Tax | 190 | 193 | 156 | 194 | 288 | 352 | 255 | 83 | 188 | 467 | 467 |
| Tax % | 27.10% | 26.09% | 22.45% | 26.14% | 28.22% | 22.56% | 15.90% | 14.96% | 13.37% | 22.21% | 22.21% |
| Net Profit | 139 | 143 | 121 | 143 | 207 | 272 | 214 | 71 | 163 | 363 | 363 |
| EPS | 19.61 | 20.09 | 17.35 | 20.95 | 30.89 | 41.81 | 33.00 | 9.31 | 19.14 | 42.68 | — |
| Dividend Payout % | 10.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 3%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 12%
- 3 Years:
- 19%
STOCK PRICE CAGR
- 10 Years:
- 3%
- 5 Years:
- -8%
- 3 Years:
- -3%
- 1 Year:
- -23%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 12%
- 3 Years:
- 6%
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 70 | 69 | 70 | 67 | 65 | 65 | 62 | 84 | 84 | 85 |
| 588 | 639 | 798 | 870 | 888 | 1,174 | 1,161 | 3,365 | 3,559 | 3,938 | |
| 4 | 5 | 7 | 19 | 37 | 86 | 90 | 87 | 101 | 116 | |
| Trade Payables | 14 | 19 | 13 | 21 | 30 | 25 | 15 | 15 | 15 | 13 |
| 462 | 316 | 354 | 421 | 529 | 483 | 459 | 482 | 577 | 709 | |
| Total Liabilities | 1,138 | 1,048 | 1,241 | 1,398 | 1,549 | 1,832 | 1,786 | 4,033 | 4,337 | 4,861 |
| 92 | 139 | 156 | 149 | 126 | 64 | 138 | 134 | 152 | 147 | |
| Capital Work in Progress | 0 | 9 | 9 | 0 | 6 | 0 | 0 | 0 | 0 | 0 |
| 772 | 795 | 964 | 1,143 | 1,291 | 1,552 | 1,511 | 3,798 | 4,051 | 4,608 | |
| Cash & Bank | 42 | 34 | 53 | 58 | 41 | 40 | 62 | 23 | 16 | 18 |
| 231 | 72 | 60 | 49 | 86 | 177 | 76 | 78 | 118 | 89 | |
| Total Assets | 1,138 | 1,048 | 1,241 | 1,398 | 1,549 | 1,832 | 1,786 | 4,033 | 4,337 | 4,861 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 240 | 205 | 158 | 271 | 328 | 221 | 188 | 43 | 197 | 259 | |
| Cash from Investing | -158 | 25 | -118 | -137 | -77 | -127 | 174 | -2,187 | -163 | -230 |
| Cash from Financing | -14 | -181 | 1 | -84 | -217 | -27 | -291 | 2,109 | -23 | -27 |
| 12 | -9 | 19 | 5 | -17 | -1 | 22 | -38 | -8 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-31 - Just Dial Limited has informed the Exchange regarding Change in Director(s) of the company.
2026-08-31 - Just Dial Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-31 - Just Dial Limited has informed the Exchange regarding Gist of the proceedings of the Thirty-Second Annual General Meeting of the Company held today, i.e., Monday, August 31, 2026.
2026-08-24 - V.S.S. Mani has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
2026-08-09 - Just Dial Limited has informed the Exchange about Newspaper Clippings Thirty-Second Annual General Meeting and Information on E-voting and other related information
2026-08-08 - Just Dial Limited has informed the Exchange regarding 'BRSR'.
2026-08-08 - Just Dial Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 31, 2026
2026-08-07 - Just Dial Limited has informed the Exchange about Newspaper Clippings Annual General Meeting of the Members of the Company and other related information
2026-07-24 - Eshwary Krishnan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
News
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