Financial Services · NIFTY 500
JM Financial Limited
NSEJMFINANCIL
BSE523405 ISININE780C01023 SeriesEQ Listed on NSE · BSE
₹115.08 +0.56 (+0.49%) Updated 12 Nov, 8:49 pm IST
Price, daily close-32.63% in a year
Today
- Open
- ₹114.60
- Prev close
- ₹114.52
- Day high
- ₹116.01
- Day low
- ₹113.70
- Volume
- 17.22 L
- Value traded
- ₹19.74 Cr
- Upper circuit
- ₹137.42
- Lower circuit
- ₹91.62
- 52W high
- ₹168.40
- 52W low
- ₹103.00
- 1 month
- -7.61%
- 6 months
- -20.94%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹11,013 Cr
P/E (TTM)10.91
P/B1.00
Book value / share₹115.42
EPS (TTM)₹10.55
ROE9.1%
Dividend yield4.26%
Dividend (12m)₹4.90 / share
Net margin (TTM)24.1%
Operating marginn/a (bank)
Debt / equityn/a (bank)
Current ratio—
EV / EBITDA—
Sales growth (YoY qtr)+0.09%
Profit growth (YoY qtr)-11.28%
Sales CAGR 3Y+7.81%
Profit CAGR 3Y+26.25%
Shares95.70 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+2.0%-15%+11%-7.1%-9.2%+11%-7.2%-3.1%-5.0%+26%-14%
Revenue · YoY (vs a year ago)
————-11%-20%+3.2%-13%-9.7%-5.5%+8.0%+0.1%
Net profit · QoQ (vs last quarter)
—-182%+175%+36%-10%+0.3%+117%-41%+16%-47%+77%-18%
Net profit · YoY (vs a year ago)
————-25%+192%+166%+16%+50%-21%-36%-11%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————-25%+192%+165%+16%+50%-21%-36%-11%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest earned | 1,236 | 1,261 | 1,077 | 1,191 | 1,106 | 1,004 | 1,111 | 1,031 | 999 | 949 | 1,201 | 1,032 |
| Other income | 25.0 | 15.4 | 16.8 | 20.7 | 14.4 | 23.3 | 9.9 | 13.0 | 127 | 20.1 | 24.1 | 23.9 |
| Total income | 1,261 | 1,276 | 1,094 | 1,211 | 1,121 | 1,027 | 1,121 | 1,044 | 1,126 | 969 | 1,225 | 1,056 |
| Raw material | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Employee cost | 246 | 120 | 231 | 292 | 221 | 220 | 299 | 271 | 285 | 200 | 296 | 294 |
| Other expenses | 135 | 113 | 71.2 | 91.4 | 82.3 | 111 | 76.0 | 81.6 | 86.4 | 121 | 95.4 | 87.5 |
| Total expenses | 844 | 1,001 | 849 | 1,058 | 834 | 716 | 529 | 700 | 704 | 726 | 769 | 733 |
| Finance cost | 400 | 407 | 370 | 343 | 318 | 274 | 251 | 254 | 248 | 246 | 247 | 258 |
| Depreciation | 13.7 | 14.2 | 16.2 | 14.9 | 16.4 | 16.3 | 16.7 | 19.2 | 20.4 | 22.1 | 22.1 | 22.3 |
| Exceptional items | — | -847 | — | — | — | — | — | — | -21.3 | — | — | — |
| Profit before tax | 417 | -572 | 245 | 154 | 287 | 311 | 593 | 344 | 400 | 243 | 456 | 323 |
| Tax | 95.6 | 103 | 59.5 | 9.8 | 79.2 | 76.4 | 135 | 89.5 | 95.4 | 83.7 | 86.8 | 95.5 |
| Net profit | 322 | -674 | 187 | 144 | 207 | 235 | 459 | 262 | 318 | 162 | 369 | 228 |
| Profit to shareholders | 278 | -229 | 171 | 232 | 209 | 210 | 454 | 270 | 313 | 165 | 292 | 240 |
| EPS (₹) | 2.91 | -2.39 | 1.79 | 2.43 | 2.18 | 2.19 | 4.74 | 2.82 | 3.27 | 1.73 | 3.05 | 2.50 |
Profit & loss
Results for each year
6 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY20
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
——-12%+46%-8.0%-6.5%
Net profit · YoY (vs a year ago)
——-23%-31%+100%+46%
RevenueNet profitLine = trend
| ₹ Cr | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Interest earned | 3,432 | 3,707 | 3,265 | 4,761 | 4,378 | 4,091 |
| Other income | 21.5 | 56.1 | 78.0 | 71.4 | 75.2 | 169 |
| Total expenses | 2,360 | 2,415 | 2,390 | 3,632 | 3,456 | 2,659 |
| Employee cost | 395 | 548 | 622 | 795 | 963 | 1,054 |
| Finance cost | 1,386 | 1,082 | 1,179 | 1,562 | 1,305 | 999 |
| Depreciation | 41.0 | 37.8 | 41.9 | 53.0 | 63.8 | 78.4 |
| Profit before tax | 1,094 | 1,348 | 953 | 353 | 997 | 1,580 |
| Tax | 316 | 356 | 244 | 326 | 225 | 404 |
| Tax rate % | 28.9% | 26.4% | 25.6% | 92.2% | 22.6% | 25.5% |
| Net profit | 778 | 992 | 709 | 30.8 | 774 | 1,201 |
| Profit to shareholders | 545 | 773 | 597 | 410 | 821 | 1,202 |
| Net margin % | 15.9% | 20.9% | 18.3% | 8.6% | 18.8% | 29.4% |
| EPS (₹) | 6.45 | 8.09 | 6.25 | 4.29 | 8.58 | 12.55 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—-1.9%-12%+9.6%—
Shareholders' equityBorrowingsDepositsLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 11,270 | 11,056 | 9,728 | 10,657 | 11,046 |
| Deposits | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total borrowings | 5,864 | 5,186 | 2,733 | 2,691 | 2,771 |
| Fixed assets (PPE) | 440 | 495 | 503 | 540 | 521 |
| Investments | 3,584 | 4,724 | 5,464 | 6,209 | 4,875 |
| Inventories | 102 | 143 | 130 | 128 | 127 |
| Cash & equivalents | 524 | 2,232 | 540 | 472 | 219 |
| Total assets | 29,370 | 29,764 | 24,504 | 26,537 | 25,787 |
| Debt / equity | 0.52 | 0.47 | 0.28 | 0.25 | 0.25 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+24%+248%+53%-90%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -3,203 | -2,449 | 3,635 | 5,569 | 581 |
| Cash from investing | 2,616 | -451 | -2,090 | -2,475 | -532 |
| Cash from financing | 1,024 | 2,161 | 162 | -4,786 | -116 |
| Spent on fixed assets | -17.0 | -125 | -53.7 | -34.0 | -64.2 |
| Free cash flow | -3,220 | -2,573 | 3,581 | 5,535 | 517 |
| Net cash flow | 437 | -739 | 1,708 | -1,692 | -67.8 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
58.0%promoter
- Promoter & group
- 57.95%
- Public (FIIs, mutual funds, retail…)
- 42.05%
- Promoter change, last quarter
- +0.92 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Interim Dividend - Rs 1.65 Per Share
- Dividend - Rs 1.75 Per Share
- Interim Dividend - Rs 1.50 Per Share
- Dividend - Rs 2.70 Per Share
- Dividend - Rs 2 Per Share
- Dividend - Re 0.90 Per Share
- Interim Dividend - Re 0.90 Per Share
- Dividend - Rs 1.15 Per Share
Board meetings
- Dividend.
- Consideration of an interim dividend for the financial year 2026-27, if any, at the upcoming Board Meeting scheduled to be held on Wednesday, Novembe…
- JM FINANCIAL LIMITED has informed the Exchange about Board Meeting to be held on 04-Nov-2026 to inter-alia consider and approve the Unaudited Financi…
- the financial results for the second quarter and half year ended September 30, 2026
- JM FINANCIAL LIMITED has informed the Exchange about Board Meeting to be held on 03-Aug-2026 to inter-alia consider and approve the Unaudited Financi…
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Investor Presentation
- Press Release
- Record Date
- Dividend
- Outcome of Board Meeting
Latest news
Elevate Campuses to host investor meet at JM Financial conference on Nov 17scanx.trade · 12 Nov, 4:22 pmTVS Holdings promoter group pledges 8.28% stake for acquisition financeVenture Intelligence News · 12 Nov, 6:11 pmKalyan Jewellers shares rally 8% to hit 52-week high; brokerages bullish on Q3 demand - check target...Moneycontrol.com · 12 Nov, 12:15 pmThermax shares fall 20% to 52-week low on weak Q2, JM Financial maintains sellBusinessLine · 6 Nov, 3:18 pmTenneco Clean Air to join JM Financial investor conference on November 17scanx.trade · 12 Nov, 5:32 pmJM Financial Share Price Jumps Over 4% As Q1 Net Profit Rises 77%NDTV Profit · 4 Aug, 12:30 pmJM Financial shares tank 8% as Q4 net profit declines 31% to Rs 162 croreThe Economic Times · 1 Jun, 12:30 pmWelspun Living to attend JM Financial investor meet on Nov 16scanx.trade · 12 Nov, 6:01 pmAbout
About JM Financial Limited
JM Financial Limited is listed on the NSE under the symbol JMFINANCIL and belongs to the Financial Services sector.
Company details
- Company name
- JM Financial Limited
- NSE symbol
- JMFINANCIL
- BSE scrip code
- 523405
- ISIN
- INE780C01023
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 10 Oct 2006
- Face value
- ₹1 per share
- Market lot
- 1 share
- Shares issued
- 95.70 crore
- Index
- NIFTY 500
- Sector (NSE)
- Financial Services
- Industry
- Investment Banks/Brokers
- Managing director / CEO
- Vishal Kampani
- Chair
- Nimesh N Kampani
- Headquarters
- Mumbai, IN
- Registered address
- 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025
- Founded
- 1986
- Employees
- 5,250
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- jmfl.com
Peers
Other Financial Services stocks
Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.