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JM Financial Limited

JM Financial Limited

NSE: JMFINANCIL
Capital MarketsFinancial ServicesMID CAPMCap ₹11.62k Cr
₹121.38₹1.50 (+1.25%)

Market Closed • NSE

Market cap₹11.62k Cr
Enterprise value₹15.26k Cr
P/E TTM11.17
Forward P/E8.09
P/B1.09
EPS TTM₹10.87
Forward EPS₹15.00
ROCE11.60%
D/E1.02
Dividend yield0.01%
Face value₹1.00
52W high₹175.70
52W low₹112.00
Price chart(1Y)
1Y Return:+0.62% (+₹0.75)
H: ₹136.3L: ₹116.17
1W+3.35%
1M-0.92%
3M-2.14%
6M-12.74%
1Y-29.22%
Today at a glance

Day range

₹119.05₹122.47

52 week range

₹112.00₹175.70
Volume1.71M0.87x 20D avg
Free float50.00%-12.60% volume

JM Financial Limited closed at INR121.38 (+1.25%) on volume 0.87x its 20-day average, trading 30.92% below its 52-week high.

Technical analysis
RSI (14)45.2Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹3.46Moderate
SMA 20₹123.69BEARISH
SMA 50₹126.15BEARISH
SMA 100₹125.30BEARISH
SMA 200₹128.66BEARISH
CPR bottom₹119.70
Pivot₹119.76
CPR top₹119.82
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +127.8% QoQ

2026-06-12

DIVIDEND Announced

Dividend - Rs 1.75 Per Share

2025-11-14

DIVIDEND Announced

Interim Dividend - Rs 1.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL2/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹11.63k Cr₹11.62k Cr100.16%≤ 33%FAIL
Non-halal income ratio₹1.65k Cr₹3.50k Cr47.22%≤ 5%FAIL
Illiquid assets ratio₹26.07k Cr₹26.54k Cr98.22%≥ 20%PASS
Receivables ratio–₹26.54k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E11.1716.50
Forward P/E8.09—
P/B1.091.60
EV/EBITDA—18.00
PEG—0.50
Earnings yield9.006.10
Growth & profitability
RevenuePAT
FY25PAT margin 17.60%
FY26PAT margin 28.40%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-7.40%
Revenue CAGR 5Y+5.10%
PAT CAGR 3Y+15.80%
PAT CAGR 5Y+7.90%
Operating margin47.23%
Net margin30.87%
Financial health & cash flow
Net debt₹11.16k CrModerate
Interest coverage0.00xEBIT / interest
CFO / PAT0.48x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹580.7 Cr
Capital expenditure–
Free cash flow₹516.5 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall63/100
Valuation75/100
Profitability65/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 11.2x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Capital Markets.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
23.04%Institutional holding
19.89%Public holding
5Periods available
0.00%Promoter pledged
1.73LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
12 Jun 2026Dividend₹1.75 / share—12 Jun 2026
14 Nov 2025Dividend₹1.50 / share—14 Nov 2025
13 Jun 2025Dividend₹2.70 / share—13 Jun 2025
—Dividend₹2.00 / share—07 Jun 2024
—Dividend₹0.90 / share—19 May 2023
25 Nov 2022Dividend₹0.90 / share—24 Nov 2022
—Dividend₹1.15 / share—07 Jul 2022
18 Feb 2022Dividend₹0.50 / share—17 Feb 2022
—Dividend₹0.50 / share—28 May 2021
—Dividend₹0.20 / share—15 May 2020
—Dividend₹0.50 / share—10 May 2019
02 Feb 2019Dividend₹0.50 / share—31 Jan 2019
—Dividend₹1.10 / share—10 May 2018
01 Feb 2018Dividend₹0.70 / share—31 Jan 2018
—Dividend₹0.85 / share—11 May 2017
03 Feb 2017Dividend₹0.65 / share—02 Feb 2017
—Dividend₹0.85 / share—23 May 2016
13 Feb 2016Dividend₹0.60 / share—11 Feb 2016
—Dividend₹0.80 / share—08 Jun 2015
07 Feb 2015Dividend₹0.55 / share—05 Feb 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)51.32%-12.71% latest vs average
Highest delivery66.77%on 24 Sept
Average volume (20D)1.95MTrading-session average
Conviction trendWeakening-12.71% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
HDFC Bank Limited
HDFC Bank LimitedHDFCBANK
Open analysis
₹11.24L15.931.79%₹46,355.55₹19,059.72-45.69%+17.23%
ICICI Bank Limited
ICICI Bank LimitedICICIBANK
Open analysis
₹10.03L18.060.86%₹32,960.41₹16,276.00-35.98%+12.59%
State Bank of India
State Bank of IndiaSBIN
Open analysis
₹8.89L10.321.81%₹62,915.13₹25,121.00-29.09%+13.56%
Bajaj Finance Limited
Bajaj Finance LimitedBAJFINANCE
Open analysis
₹6.11L29.360.56%₹13,929.00₹6,081.00+17.62%+27.62%
Life Insurance Corporation of India
Life Insurance Corporation of IndiaLICI
Open analysis
₹5.03L8.372.54%₹2.40L₹13,584.00+6.76%+24.00%
Kotak Mahindra Bank Limited
Kotak Mahindra Bank LimitedKOTAKBANK
Open analysis
₹4.45L21.930.15%₹11,266.63₹5,480.00-41.22%+22.54%
Axis Bank Limited
Axis Bank LimitedAXISBANK
Open analysis
₹4.02L14.510.08%₹21,381.52₹7,114.00-3.52%+22.53%
Bajaj Finserv Ltd.
Bajaj Finserv Ltd.BAJAJFINSV
Open analysis
₹2.77L27.450.08%₹42,036.90—+39.05%—
About JM Financial Limited
JM Financial Limited

JM Financial Ltd is an integrated and diversified financial services group. Its primary businesses include mortgage lending, distressed credit, asset management. It is also engaged in investment banking and the management of private equity funds. [1]

IndiaFinancial Services

Questions investors ask
Is JM Financial Limited Shariah compliant?

JM Financial Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (100.16%) exceeds AAOIFI threshold (≤ 33%). Non-permissible interest income (47.22%) exceeds 5% threshold.

What is JM Financial Limited's current valuation relative to peers?

JM Financial Limited trades at a P/E of 11.2x compared to the sector median of 16.5x, and a Price-to-Book of 1.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.02x. Interest coverage is 0x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 5.1% while net profit growth averaged 7.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.