JM Financial Ltd.
•₹ 128.24-0.71%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Wealth and Asset Management: 32.2% • Private Markets: 28.6% • Corporate Advisory and Capital Markets: 20.9% • Affordable Home Loans: 10.0% • Treasury and others: 8.3%
PROS
- Company has delivered good profit growth of 31.7% CAGR over last 5 years
- Solid return on assets for a lender - ROA of 13.9%
- Asset quality is healthy - gross NPA of just 0.5%
- Company has delivered good sales growth of 19.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 44.8%
CONS
- A large part of profit comes from other income (45.2% of PBT)
- Recent results are weak - TTM profit is down 11.3% versus prior year
- Operating margins have contracted to 55.6% from 77.7%
- Effective tax rate is unusually low at 14.5% - earnings may be flattered
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJAJFINSV | 2016.50 | 31.85 | 323055.67 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 531.75 | 21.52 | 45157.57 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1574.30 | 11.08 | 29561.81 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13962.45 | 14.34 | 28248.97 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 225.40 | 19.23 | 21686.95 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13117.20 | 0.00 | 14991.08 | 1.68 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11490.30 | 92.84 | 12753.80 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 129.15 | 11.88 | 12359.14 | 2.52 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 424.70 | 19.38 | 9432.75 | 2.63 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 231.95 | 145.56 | 7996.10 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2422.00 | 8.35 | 7772.34 | 1.71 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | PILANIINVS | 4321.00 | 0.00 | 4784.32 | 0.21 | -47.26 | -17.55 | 14.44 | -70.70 | 1.41 | -9.33 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 142 | 167 | 218 | 191 | 119 | 226 | 195 | 225 | 246 | 275 | 195 | 119 | 82 | |
| 78 | 97 | 98 | 121 | 70 | 138 | 95 | 76 | 82 | 109 | 98 | 83 | 83 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 96 | 2 | 2 | 2 | 192 | 2 | 4 | 2 | 120 | 242 | 3 | 3 |
| Interest | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 63 | 162 | 118 | 67 | 46 | 275 | 96 | 150 | 162 | 282 | 332 | 35 | 3 | |
| Tax % | 20.75% | 11.94% | 23.97% | 59.24% | 24.09% | -12.34% | 17.05% | 11.87% | 17.71% | 12.66% | 13.27% | 27.07% | 10.07% |
| Net Profit | 50 | 142 | 90 | 27 | 35 | 309 | 80 | 132 | 133 | 246 | 288 | 26 | 2 |
| 1 | 1 | 1 | 0 | 0 | 3 | 1 | 1 | 1 | 3 | 3 | 0 | 0 | |
| Equity Capital | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 142
- 78
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 3
- 63
- Tax %
- 20.75%
- Net Profit
- 50
- 1
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 167
- 97
- Operating Profit
- —
- OPM %
- —
- Other Income
- 96
- Interest
- 1
- Depreciation
- 3
- 162
- Tax %
- 11.94%
- Net Profit
- 142
- 1
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 218
- 98
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 118
- Tax %
- 23.97%
- Net Profit
- 90
- 1
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 191
- 121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 67
- Tax %
- 59.24%
- Net Profit
- 27
- 0
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 119
- 70
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 46
- Tax %
- 24.09%
- Net Profit
- 35
- 0
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 226
- 138
- Operating Profit
- —
- OPM %
- —
- Other Income
- 192
- Interest
- 1
- Depreciation
- 3
- 275
- Tax %
- -12.34%
- Net Profit
- 309
- 3
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 195
- 95
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 96
- Tax %
- 17.05%
- Net Profit
- 80
- 1
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 225
- 76
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 3
- 150
- Tax %
- 11.87%
- Net Profit
- 132
- 1
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 246
- 82
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 162
- Tax %
- 17.71%
- Net Profit
- 133
- 1
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 275
- 109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 120
- Interest
- 1
- Depreciation
- 3
- 282
- Tax %
- 12.66%
- Net Profit
- 246
- 3
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 195
- 98
- Operating Profit
- —
- OPM %
- —
- Other Income
- 242
- Interest
- 1
- Depreciation
- 3
- 332
- Tax %
- 13.27%
- Net Profit
- 288
- 3
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 119
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 3
- 35
- Tax %
- 27.07%
- Net Profit
- 26
- 0
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 82
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 3
- 3
- Tax %
- 10.07%
- Net Profit
- 2
- 0
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 96
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 47 | 299 | 164 | 264 | 347 | 561 | 403 | 718 | 764 | 836 | 672 | |
| 16 | 157 | 149 | 134 | 138 | 186 | 245 | 397 | 468 | 371 | 373 | |
| Operating Profit | 147 | 269 | 137 | 176 | 236 | 433 | 313 | 427 | 584 | 831 | — |
| OPM % | 311 | 90 | 84 | 67 | 68 | 77 | 78 | 59 | 76 | 99 | — |
| Other Income | 116 | 128 | 122 | 47 | 28 | 59 | 156 | 106 | 288 | 367 | 368 |
| Interest | 40 | 35 | 20 | 8 | 7 | 7 | 6 | 6 | 6 | 5 | 4 |
| Depreciation | 1 | 2 | 2 | 12 | 12 | 11 | 10 | 11 | 12 | 12 | 12 |
| 107 | 233 | 116 | 156 | 217 | 416 | 297 | 410 | 566 | 811 | 652 | |
| Tax % | 0 | 18 | 4 | 19 | 19 | 21 | 14 | 25 | 2 | 15 | 14 |
| Net Profit | 107 | 192 | 111 | 127 | 175 | 328 | 256 | 310 | 555 | 693 | 562 |
| EPS | 1 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 6 | 7 | — |
| Dividend Payout % | 112 | 79 | 75 | 13 | 27 | 48 | 67 | 62 | 46 | 45 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 6 | 7 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 6 | 7 | — |
Mar 2017
- 47
- 16
- Operating Profit
- 147
- OPM %
- 311
- Other Income
- 116
- Interest
- 40
- Depreciation
- 1
- 107
- Tax %
- 0
- Net Profit
- 107
- EPS
- 1
- Dividend Payout %
- 112
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 299
- 157
- Operating Profit
- 269
- OPM %
- 90
- Other Income
- 128
- Interest
- 35
- Depreciation
- 2
- 233
- Tax %
- 18
- Net Profit
- 192
- EPS
- 2
- Dividend Payout %
- 79
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 164
- 149
- Operating Profit
- 137
- OPM %
- 84
- Other Income
- 122
- Interest
- 20
- Depreciation
- 2
- 116
- Tax %
- 4
- Net Profit
- 111
- EPS
- 1
- Dividend Payout %
- 75
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 264
- 134
- Operating Profit
- 176
- OPM %
- 67
- Other Income
- 47
- Interest
- 8
- Depreciation
- 12
- 156
- Tax %
- 19
- Net Profit
- 127
- EPS
- 2
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 347
- 138
- Operating Profit
- 236
- OPM %
- 68
- Other Income
- 28
- Interest
- 7
- Depreciation
- 12
- 217
- Tax %
- 19
- Net Profit
- 175
- EPS
- 2
- Dividend Payout %
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 561
- 186
- Operating Profit
- 433
- OPM %
- 77
- Other Income
- 59
- Interest
- 7
- Depreciation
- 11
- 416
- Tax %
- 21
- Net Profit
- 328
- EPS
- 3
- Dividend Payout %
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2023
- 403
- 245
- Operating Profit
- 313
- OPM %
- 78
- Other Income
- 156
- Interest
- 6
- Depreciation
- 10
- 297
- Tax %
- 14
- Net Profit
- 256
- EPS
- 3
- Dividend Payout %
- 67
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2024
- 718
- 397
- Operating Profit
- 427
- OPM %
- 59
- Other Income
- 106
- Interest
- 6
- Depreciation
- 11
- 410
- Tax %
- 25
- Net Profit
- 310
- EPS
- 3
- Dividend Payout %
- 62
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2025
- 764
- 468
- Operating Profit
- 584
- OPM %
- 76
- Other Income
- 288
- Interest
- 6
- Depreciation
- 12
- 566
- Tax %
- 2
- Net Profit
- 555
- EPS
- 6
- Dividend Payout %
- 46
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2026
- 836
- 371
- Operating Profit
- 831
- OPM %
- 99
- Other Income
- 367
- Interest
- 5
- Depreciation
- 12
- 811
- Tax %
- 15
- Net Profit
- 693
- EPS
- 7
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
TTM
- 672
- 373
- Operating Profit
- —
- OPM %
- —
- Other Income
- 368
- Interest
- 4
- Depreciation
- 12
- 652
- Tax %
- 14
- Net Profit
- 562
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 37%
- 5 Years:
- 19%
- 3 Years:
- 28%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 20%
- 5 Years:
- 32%
- 3 Years:
- 39%
STOCK PRICE CAGR
- 10 Years:
- 7%
- 5 Years:
- 7%
- 3 Years:
- 17%
- 1 Year:
- -32%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 10%
- 3 Years:
- 12%
- Last Year:
- 15%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 79 | 84 | 84 | 84 | 95 | 95 | 95 | 96 | 96 | 96 |
| 1,629 | 2,381 | 2,364 | 2,457 | 3,379 | 3,624 | 3,779 | 4,008 | 4,356 | 4,653 | |
| 207 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1 | 9 | 3 | 4 | 5 | 9 | 8 | 22 | 15 | 22 |
| 137 | 206 | 206 | 298 | 311 | 308 | 282 | 327 | 411 | 320 | |
| Total Liabilities | 2,053 | 2,679 | 2,657 | 2,843 | 3,790 | 4,037 | 4,164 | 4,452 | 4,878 | 5,091 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 2 | 6 | 5 | 77 | 69 | 61 | 56 | 48 | 47 | 35 | |
| 1,769 | 2,424 | 2,389 | 2,528 | 3,021 | 3,251 | 3,098 | 3,657 | 3,962 | 4,266 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78 | 110 | 71 | |
| Cash & Bank | 12 | 43 | 15 | 22 | 15 | 86 | 61 | 45 | 79 | 19 |
| 270 | 207 | 248 | 216 | 685 | 639 | 948 | 624 | 680 | 700 | |
| Total Assets | 2,053 | 2,679 | 2,657 | 2,843 | 3,790 | 4,037 | 4,164 | 4,452 | 4,878 | 5,091 |
| Total Debt | 207 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Net Working Capital | -86 | 463 | 186 | 163 | 1,142 | 1,486 | 1,456 | 1,102 | 67 | -24 |
| Contingent Liabilities | 19 | 32 | 39 | 44 | 46 | 43 | 48 | 51 | 57 | 28 |
| Book Value per Share | 21.50 | 29.42 | 29.14 | 30.21 | 36.47 | 38.99 | 40.57 | 42.94 | 46.58 | 49.65 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 207 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Net Working Capital | -86 | 463 | 186 | 163 | 1,142 | 1,486 | 1,456 | 1,102 | 67 | -24 |
| Contingent Liabilities | 19 | 32 | 39 | 44 | 46 | 43 | 48 | 51 | 57 | 28 |
| Book Value per Share | 21.50 | 29.42 | 29.14 | 30.21 | 36.47 | 38.99 | 40.57 | 42.94 | 46.58 | 49.65 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 79
- 1,629
- 207
- Trade Payables
- 1
- 137
- Total Liabilities
- 2,053
- 2
- 1,769
- 0
- Cash & Bank
- 12
- 270
- Total Assets
- 2,053
- Total Debt
- 207
- Net Working Capital
- -86
- Contingent Liabilities
- 19
- Book Value per Share
- 21.50
- Face Value
- 1.00
- Total Debt
- 207
- Net Working Capital
- -86
- Contingent Liabilities
- 19
- Book Value per Share
- 21.50
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 84
- 2,381
- 0
- Trade Payables
- 9
- 206
- Total Liabilities
- 2,679
- 6
- 2,424
- 0
- Cash & Bank
- 43
- 207
- Total Assets
- 2,679
- Total Debt
- 1
- Net Working Capital
- 463
- Contingent Liabilities
- 32
- Book Value per Share
- 29.42
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 463
- Contingent Liabilities
- 32
- Book Value per Share
- 29.42
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 84
- 2,364
- 0
- Trade Payables
- 3
- 206
- Total Liabilities
- 2,657
- 5
- 2,389
- 0
- Cash & Bank
- 15
- 248
- Total Assets
- 2,657
- Total Debt
- 1
- Net Working Capital
- 186
- Contingent Liabilities
- 39
- Book Value per Share
- 29.14
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 186
- Contingent Liabilities
- 39
- Book Value per Share
- 29.14
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 84
- 2,457
- 0
- Trade Payables
- 4
- 298
- Total Liabilities
- 2,843
- 77
- 2,528
- 0
- Cash & Bank
- 22
- 216
- Total Assets
- 2,843
- Total Debt
- 1
- Net Working Capital
- 163
- Contingent Liabilities
- 44
- Book Value per Share
- 30.21
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 163
- Contingent Liabilities
- 44
- Book Value per Share
- 30.21
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 95
- 3,379
- 0
- Trade Payables
- 5
- 311
- Total Liabilities
- 3,790
- 69
- 3,021
- 0
- Cash & Bank
- 15
- 685
- Total Assets
- 3,790
- Total Debt
- 1
- Net Working Capital
- 1,142
- Contingent Liabilities
- 46
- Book Value per Share
- 36.47
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 1,142
- Contingent Liabilities
- 46
- Book Value per Share
- 36.47
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 95
- 3,624
- 0
- Trade Payables
- 9
- 308
- Total Liabilities
- 4,037
- 61
- 3,251
- 0
- Cash & Bank
- 86
- 639
- Total Assets
- 4,037
- Total Debt
- 1
- Net Working Capital
- 1,486
- Contingent Liabilities
- 43
- Book Value per Share
- 38.99
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 1,486
- Contingent Liabilities
- 43
- Book Value per Share
- 38.99
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 95
- 3,779
- 0
- Trade Payables
- 8
- 282
- Total Liabilities
- 4,164
- 56
- 3,098
- 0
- Cash & Bank
- 61
- 948
- Total Assets
- 4,164
- Total Debt
- 1
- Net Working Capital
- 1,456
- Contingent Liabilities
- 48
- Book Value per Share
- 40.57
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 1,456
- Contingent Liabilities
- 48
- Book Value per Share
- 40.57
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 96
- 4,008
- 0
- Trade Payables
- 22
- 327
- Total Liabilities
- 4,452
- 48
- 3,657
- 78
- Cash & Bank
- 45
- 624
- Total Assets
- 4,452
- Total Debt
- 0
- Net Working Capital
- 1,102
- Contingent Liabilities
- 51
- Book Value per Share
- 42.94
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,102
- Contingent Liabilities
- 51
- Book Value per Share
- 42.94
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 96
- 4,356
- 0
- Trade Payables
- 15
- 411
- Total Liabilities
- 4,878
- 47
- 3,962
- 110
- Cash & Bank
- 79
- 680
- Total Assets
- 4,878
- Total Debt
- 0
- Net Working Capital
- 67
- Contingent Liabilities
- 57
- Book Value per Share
- 46.58
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 67
- Contingent Liabilities
- 57
- Book Value per Share
- 46.58
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 96
- 4,653
- 0
- Trade Payables
- 22
- 320
- Total Liabilities
- 5,091
- 35
- 4,266
- 71
- Cash & Bank
- 19
- 700
- Total Assets
- 5,091
- Total Debt
- 0
- Net Working Capital
- -24
- Contingent Liabilities
- 28
- Book Value per Share
- 49.65
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- -24
- Contingent Liabilities
- 28
- Book Value per Share
- 49.65
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 257 | 179 | -37 | 151 | -352 | 203 | -281 | 518 | 162 | 61 | |
| Cash from Investing | 101 | -472 | 152 | -88 | -382 | -25 | 398 | -433 | 99 | 296 |
| Cash from Financing | -360 | 309 | -139 | -56 | 729 | -108 | -208 | -99 | -211 | -416 |
| -1 | 15 | -24 | 8 | -5 | 70 | -91 | -14 | 50 | -59 | |
| Free Cash Flow | 257 | 176 | -39 | 68 | -354 | 203 | -288 | 517 | 154 | 61 |
| OCF / Net Profit | 2.41 | 0.93 | -0.34 | 1.19 | -2.01 | 0.62 | -1.09 | 1.67 | 0.29 | 0.09 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 108 | 54 | -410 | 146 | 232 | 647 |
| OCF / Net Profit | 2.41 | 0.93 | -0.34 | 1.19 | -2.01 | 0.62 | -1.09 | 1.67 | 0.29 | 0.09 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 108 | 54 | -410 | 146 | 232 | 647 |
Mar 2017
- 257
- Cash from Investing
- 101
- Cash from Financing
- -360
- -1
- Free Cash Flow
- 257
- OCF / Net Profit
- 2.41
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.41
- Cumulative 5-Year FCF
- 0
Mar 2018
- 179
- Cash from Investing
- -472
- Cash from Financing
- 309
- 15
- Free Cash Flow
- 176
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
Mar 2019
- -37
- Cash from Investing
- 152
- Cash from Financing
- -139
- -24
- Free Cash Flow
- -39
- OCF / Net Profit
- -0.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.34
- Cumulative 5-Year FCF
- 0
Mar 2020
- 151
- Cash from Investing
- -88
- Cash from Financing
- -56
- 8
- Free Cash Flow
- 68
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 0
Mar 2021
- -352
- Cash from Investing
- -382
- Cash from Financing
- 729
- -5
- Free Cash Flow
- -354
- OCF / Net Profit
- -2.01
- Cumulative 5-Year FCF
- 108
- OCF / Net Profit
- -2.01
- Cumulative 5-Year FCF
- 108
Mar 2022
- 203
- Cash from Investing
- -25
- Cash from Financing
- -108
- 70
- Free Cash Flow
- 203
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 54
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 54
Mar 2023
- -281
- Cash from Investing
- 398
- Cash from Financing
- -208
- -91
- Free Cash Flow
- -288
- OCF / Net Profit
- -1.09
- Cumulative 5-Year FCF
- -410
- OCF / Net Profit
- -1.09
- Cumulative 5-Year FCF
- -410
Mar 2024
- 518
- Cash from Investing
- -433
- Cash from Financing
- -99
- -14
- Free Cash Flow
- 517
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- 146
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- 146
Mar 2025
- 162
- Cash from Investing
- 99
- Cash from Financing
- -211
- 50
- Free Cash Flow
- 154
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 232
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 232
Mar 2026
- 61
- Cash from Investing
- 296
- Cash from Financing
- -416
- -59
- Free Cash Flow
- 61
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 647
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 647
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.34 | 2.29 | 1.33 | 1.51 | 1.84 | 3.44 | 2.69 | 3.24 | 5.81 | 7.25 |
| Book Value (₹) | 21.50 | 29.42 | 29.14 | 30.21 | 36.47 | 38.99 | 40.57 | 42.94 | 46.58 | 49.65 |
| Dividend per Share (₹) | 1.50 | 1.80 | 1.00 | 0.20 | 0.50 | 1.65 | 1.80 | 2.00 | 2.70 | 3.25 |
| Cash EPS (₹) | 1.35 | 2.31 | 1.35 | 1.66 | 1.96 | 3.55 | 2.80 | 3.35 | 5.94 | 7.38 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 311.37% | 90.14% | 83.63% | 66.82% | 68.10% | 77.31% | 77.74% | 44.64% | 38.75% | 55.55% |
| Net Margin % | 225.75% | 64.17% | 67.88% | 48.21% | 50.57% | 58.47% | 63.64% | 43.12% | 72.63% | 82.95% |
| ROE % | 6.38% | 9.19% | 4.53% | 5.10% | 5.83% | 9.11% | 6.75% | 7.76% | 12.98% | 15.07% |
| ROCE % | 7.30% | 12.09% | 5.44% | 6.50% | 7.37% | 11.67% | 7.94% | 10.39% | 13.35% | 17.69% |
| 4.93% | 8.10% | 4.17% | 4.63% | 5.28% | 8.38% | 6.25% | 7.19% | 11.90% | 13.91% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 29 | 38 | 22 | 38 | 25 | 28 | 28 | 45 | 40 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 29 | 38 | 22 | 38 | 25 | 28 | 28 | 45 | 40 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.12x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 3.70x | 7.70x | 6.92x | 21.03x | 30.95x | 62.52x | 49.40x | 75.58x | 102.88x | 175.44x |
| 0.60x | 9.69x | 6.09x | 3.72x | 14.58x | 16.79x | 21.79x | 8.65x | 1.29x | 0.85x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 34.79% | 531.84% | -45.11% | 61.05% | 31.22% | 61.77% | -28.12% | 78.17% | 6.47% | 9.31% |
| Operating Profit Growth % | 5.41% | 82.91% | -49.07% | 28.68% | 33.75% | 83.63% | -27.72% | 36.19% | 36.95% | 42.21% |
| Net Profit Growth % | -4.92% | 79.60% | -41.94% | 14.38% | 37.64% | 87.06% | -21.76% | 20.73% | 79.32% | 24.85% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 20.62% | 79.28% | 24.77% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.01x | 16.55x | 15.67x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.74x | 2.06x | 2.29x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.68% | 2.81% | 2.86% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.60x | 15.59x | 13.05x |
Mar 2017
- EPS (₹)
- 1.34
- Book Value (₹)
- 21.50
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 1.35
- Operating Margin %
- 311.37%
- Net Margin %
- 225.75%
- ROE %
- 6.38%
- ROCE %
- 7.30%
- 4.93%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 3.70x
- 0.60x
- Revenue Growth %
- 34.79%
- Operating Profit Growth %
- 5.41%
- Net Profit Growth %
- -4.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.29
- Book Value (₹)
- 29.42
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 2.31
- Operating Margin %
- 90.14%
- Net Margin %
- 64.17%
- ROE %
- 9.19%
- ROCE %
- 12.09%
- 8.10%
- Debtor Days
- 29
- Inventory Days
- 0
- Payable Days
- 0
- 29
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 7.70x
- 9.69x
- Revenue Growth %
- 531.84%
- Operating Profit Growth %
- 82.91%
- Net Profit Growth %
- 79.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.33
- Book Value (₹)
- 29.14
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.35
- Operating Margin %
- 83.63%
- Net Margin %
- 67.88%
- ROE %
- 4.53%
- ROCE %
- 5.44%
- 4.17%
- Debtor Days
- 38
- Inventory Days
- 0
- Payable Days
- 0
- 38
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 6.92x
- 6.09x
- Revenue Growth %
- -45.11%
- Operating Profit Growth %
- -49.07%
- Net Profit Growth %
- -41.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.51
- Book Value (₹)
- 30.21
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 1.66
- Operating Margin %
- 66.82%
- Net Margin %
- 48.21%
- ROE %
- 5.10%
- ROCE %
- 6.50%
- 4.63%
- Debtor Days
- 22
- Inventory Days
- 0
- Payable Days
- 0
- 22
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 21.03x
- 3.72x
- Revenue Growth %
- 61.05%
- Operating Profit Growth %
- 28.68%
- Net Profit Growth %
- 14.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.84
- Book Value (₹)
- 36.47
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 1.96
- Operating Margin %
- 68.10%
- Net Margin %
- 50.57%
- ROE %
- 5.83%
- ROCE %
- 7.37%
- 5.28%
- Debtor Days
- 38
- Inventory Days
- 0
- Payable Days
- 0
- 38
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 30.95x
- 14.58x
- Revenue Growth %
- 31.22%
- Operating Profit Growth %
- 33.75%
- Net Profit Growth %
- 37.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 3.44
- Book Value (₹)
- 38.99
- Dividend per Share (₹)
- 1.65
- Cash EPS (₹)
- 3.55
- Operating Margin %
- 77.31%
- Net Margin %
- 58.47%
- ROE %
- 9.11%
- ROCE %
- 11.67%
- 8.38%
- Debtor Days
- 25
- Inventory Days
- 0
- Payable Days
- 0
- 25
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 62.52x
- 16.79x
- Revenue Growth %
- 61.77%
- Operating Profit Growth %
- 83.63%
- Net Profit Growth %
- 87.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2.69
- Book Value (₹)
- 40.57
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 2.80
- Operating Margin %
- 77.74%
- Net Margin %
- 63.64%
- ROE %
- 6.75%
- ROCE %
- 7.94%
- 6.25%
- Debtor Days
- 28
- Inventory Days
- 0
- Payable Days
- 0
- 28
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 49.40x
- 21.79x
- Revenue Growth %
- -28.12%
- Operating Profit Growth %
- -27.72%
- Net Profit Growth %
- -21.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 3.24
- Book Value (₹)
- 42.94
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 3.35
- Operating Margin %
- 44.64%
- Net Margin %
- 43.12%
- ROE %
- 7.76%
- ROCE %
- 10.39%
- 7.19%
- Debtor Days
- 28
- Inventory Days
- 0
- Payable Days
- 0
- 28
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 75.58x
- 8.65x
- Revenue Growth %
- 78.17%
- Operating Profit Growth %
- 36.19%
- Net Profit Growth %
- 20.73%
- 20.62%
- P/E (x)
- 23.01x
- P/B (x)
- 1.74x
- Dividend Yield %
- 2.68%
- 16.60x
Mar 2025
- EPS (₹)
- 5.81
- Book Value (₹)
- 46.58
- Dividend per Share (₹)
- 2.70
- Cash EPS (₹)
- 5.94
- Operating Margin %
- 38.75%
- Net Margin %
- 72.63%
- ROE %
- 12.98%
- ROCE %
- 13.35%
- 11.90%
- Debtor Days
- 45
- Inventory Days
- 0
- Payable Days
- 0
- 45
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 102.88x
- 1.29x
- Revenue Growth %
- 6.47%
- Operating Profit Growth %
- 36.95%
- Net Profit Growth %
- 79.32%
- 79.28%
- P/E (x)
- 16.55x
- P/B (x)
- 2.06x
- Dividend Yield %
- 2.81%
- 15.59x
Mar 2026
- EPS (₹)
- 7.25
- Book Value (₹)
- 49.65
- Dividend per Share (₹)
- 3.25
- Cash EPS (₹)
- 7.38
- Operating Margin %
- 55.55%
- Net Margin %
- 82.95%
- ROE %
- 15.07%
- ROCE %
- 17.69%
- 13.91%
- Debtor Days
- 40
- Inventory Days
- 0
- Payable Days
- 0
- 40
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 175.44x
- 0.85x
- Revenue Growth %
- 9.31%
- Operating Profit Growth %
- 42.21%
- Net Profit Growth %
- 24.85%
- 24.77%
- P/E (x)
- 15.67x
- P/B (x)
- 2.29x
- Dividend Yield %
- 2.86%
- 13.05x
Documents
Announcements
- General Updates
2026-08-20 - JM Financial Limited has informed the Exchange about the ESG Rating provided by ESG Risk Assessments & Insights Limited
- Copy of Newspaper Publication
2026-08-11 - JM Financial Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Nothing filed yet.
Credit Ratings
- Credit Rating- Others
2026-01-01 - JM Financial Limited has informed the Exchange about reaffirmation of ratings assigned to the Company.
Concalls
Aug 2026
Jun 2026
Feb 2026