Is JM Financial a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that JM Financial Ltd is a below average quality company .

Is JM Financial undervalued or overvalued?

The key valuation ratios of JM Financial Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is JM Financial share price return in the past 10 years?

JM Financial Ltd share price has appreciated 10.6% annually (CAGR) over the past ten years.

Is JM Financial a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JM Financial Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

JM Financial Ltd - Stock Valuation and Financial Performance

Name: JM Financial
Brand: JM Financial

BSE: 523405 | NSE: JMFINANCIL | Finance - Investment | Small Cap

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JM Financial Share Price

₹124.65 -1.95 -1.54%
as on 24-Dec'24 16:59

10 Year X-Ray of JM Financial:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Operating Income (₹ Cr.)	29.6	35.1	47.3	299	164	264	347	561	403	718	785
YoY Gr. Rt. %	-	18.6%	34.8%	531.8%	-45.1%	61.1%	31.2%	61.8%	-28.1%	78.2%	-
Adj EPS (₹ )	1	1.4	1.3	2.3	1.3	1.5	1.8	3.4	2.7	3.2	4.7
YoY Gr. Rt. %	-	42%	-5.6%	70.9%	-41.9%	13.5%	21.9%	87%	-21.8%	20.5%	-
BVPS (₹ )	20.7	20.7	21.5	29.4	29.1	30.2	36.5	39	40.6	42.9	44.5
YoY Gr. Rt. %	-	0.1%	3.8%	36.8%	-1%	3.7%	20.7%	6.9%	4.1%	5.8%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	4.2	5.3	4.9	8.1	4.2	4.6	5.3	8.4	6.3	7.2	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	42.5%	34.4%	27.5%	78.2%
Adj EPS	14%	19.5%	20.8%	20.5%
BVPS	8.5%	8.1%	5.6%	5.8%
Share Price	10.6%	7%	19.5%	27.8%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Margins
Net Profit Margin (%)	264.3	320.1	225.8	64.2	67.9	48.2	50.6	58.5	63.6	43.1	57.5
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	4.9	6.9	6.4	9.2	4.5	5.1	5.8	9.1	6.8	7.8	10.6

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.80%

Total Income has increased 27.48 CAGR in last 3 years

Net Profit has increased 20.76 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

Latest Financials - JM Financial Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.7	4.7
TTM Sales (₹ Cr.)	785	4,711
BVPS (₹.) ⓘ	44.5	91.1
Reserves (₹ Cr.) ⓘ	4,159	8,615
P/BV ⓘ	2.80	1.37
PE ⓘ	26.42	26.37

From the Market
52 Week Low / High (₹)	69.00 / 168.85
All Time Low / High (₹)	0.04 / 190.95
Market Cap (₹ Cr.)	11,914
Equity (₹ Cr.)	95.6
Face Value (₹)	1
Industry PE ⓘ	45.1

Management X-Ray of JM Financial:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of JM Financial

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of JM Financial

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	105	158	164	427	286	311	374	620	559	824
Interest Income	30	35	47	299	164	264	347	561	403	718
Other Income ⓘ	75	123	116	128	122	47	28	59	156	106
Expenditure ⓘ	24	46	57	194	170	154	158	204	262	414
Interest Expense ⓘ	8	27	40	35	20	8	7	7	6	6
Operating Expenses ⓘ	15	17	16	147	133	124	142	189	242	312
Provisions	1	2	1	12	18	23	8	7	14	96
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	81	112	107	233	116	156	217	416	297	410
Taxes ⓘ	2	0	0	41	4	29	42	88	40	101
Profit After Tax	78	112	107	192	111	127	175	328	256	310
Adjusted EPS (₹)	1.0	1.4	1.3	2.3	1.3	1.5	1.8	3.4	2.7	3.2
Dividend Payout Ratio (%)	135%	102%	112%	79%	75%	13%	27%	48%	67%	62%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Equity Capital	1,643	1,655	1,726	2,491	2,482	2,573	3,503	3,737	3,887	4,110
Share Capital ⓘ	78	79	79	84	84	84	95	95	95	96
Reserves ⓘ	1,565	1,576	1,646	2,407	2,398	2,489	3,408	3,641	3,792	4,014
Minority Interest	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	111	111	111	135	139	210	204	206	207	211
Current Liabilities	194	506	217	53	37	60	84	94	70	131
Trade Payables	1	1	1	9	3	4	5	9	8	22
Short term borrowings	122	426	207	0	0	0	0	0	0	0
Other Liabilities	-123	-427	-207	-9	-3	-4	-5	-9	-8	-22
Total Liabilities ⓘ	1,949	2,272	2,053	2,679	2,657	2,843	3,790	4,037	4,164	4,452
Assets
Non Current Asset	1,829	1,927	1,922	2,163	2,435	2,620	2,565	2,457	2,638	2,749
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	1,829	1,927	1,922	2,163	2,435	2,620	2,565	2,457	2,638	2,749
Current Asset	119	345	131	516	222	223	1,226	1,580	1,526	1,703
Current Investment	0	0	0	438	143	157	689	1,014	680	1,111
Other Current Asset	119	345	131	78	80	66	537	566	846	592
Total Assets ⓘ	1,949	2,272	2,053	2,679	2,657	2,843	3,790	4,037	4,164	4,452

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	19	-221	257	179	-37	151	-352	203	-281	518
Cash Flow From Investing Activity ⓘ	-275	16	101	-472	152	-88	-382	-25	398	-433
Cash Flow From Financing Activity ⓘ	72	182	-360	309	-139	-56	729	-108	-208	-99
Net Cash Flow ⓘ	-184	-23	-1	15	-24	8	-5	70	-91	-14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	1	1	1	2	1	2	2	3	3	3
DPS (₹)	1	1	2	2	1	0	1	2	2	2
BVPS (₹)	21	21	22	29	29	30	36	39	41	43
Performance Ratios
ROA (%)	4.2	5.3	4.9	8.1	4.2	4.6	5.3	8.4	6.3	7.2
ROE (%)	4.9	6.9	6.4	9.2	4.5	5.1	5.8	9.1	6.8	7.8
ROCE (%)	5.2	7.2	7.3	12.1	5.4	6.5	7.4	11.7	7.9	10.4
Valuation Parameters
Price/Book(x)	2.3	1.8	4.1	4.4	3.2	2.1	2.3	1.7	1.5	1.7

JM Financial Ltd Stock News

JM Financial Ltd FAQs

What is the share price of JM Financial?

Company share prices are keep on changing according to the market conditions. The closing price of JM Financial on 24-Dec-2024 16:59 is ₹124.7.

What is the market cap of JM Financial?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Dec-2024 16:59 the market cap of JM Financial stood at ₹11,913.6.

What is the P/E ratio of JM Financial?

The latest P/E ratio of JM Financial as of 24-Dec-2024 16:59 is 26.42.

What is the P/B ratio of JM Financial?

The latest P/B ratio of JM Financial as of 24-Dec-2024 16:59 is 2.80.

What is the 52-week high and low of JM Financial?

The 52-week high of JM Financial is ₹168.8 and the 52-week low is ₹69.00.

What is the TTM revenue of JM Financial?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JM Financial is ₹784.6 ( Cr.) .

About JM Financial Ltd

JM Financial incorporated on January 30, 1986, is a financial services company. The company was incorporated under the name JM Share & Stock Brokers (JMSSB). The name of the company was changed to present one on October 29, 2004. It has pioneered several strategies and transactions for a wide client base spread across geographies and thus developed rich experience and expertise. Every idea is unique to the need of the client and supported by superior execution to deliver maximum benefits. In the course of company’s journey, it has partnered with several top Indian and International corporate houses and gained their trust and confidence. Its well established processes ensure total confidentiality for all its clients, thereby giving them absolute confidence on conflict management and maintenance of confidentiality.

Business area of the company

JM Financial is one of India’s prominent financial services groups, specialising in providing a spectrum of businesses to corporations, financial institutions, high net-worth individuals and retail investors. It is known for its diverse businesses which comprises of (a) Investment Banking, Wealth Management and Securities (IWS) which includes fee and fund based activities for its clients; (b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP); (c) Distressed credit which includes the Asset Reconstruction business and (d) Asset Management which includes the mutual fund business.

Awards & Recognition

2008: Ranked among Top 50 Companies by Great Places To Work Institute.
2009: JM Financial Services has been recognized by Euromoney, amongst the Top 10 Best Private Banking Services.
2010: Best Retail Broking House - Fastest Growing Equity Broking House (Large Firms).
2011: JM Financial wins ’Team of the Year’ in the Indian Investment Banks category.
2012: JM Financial Services honoured as the Best Performing National Financial Advisor – Institutional.
2013: JM Financial Services has been recognized by BSE, amongst the Top 10 performers in the Equity Segment (Retail Trading).
2014: JM Financial Services Limited - Ranked amongst ’India's 100 Best Companies To Work For 2015’ - Overall.
2014: JM Financial Asset Management–Ranked 5th best in the Financial Services Industry category in ’India’s Best Companies to Work For 2015’.
2015: JM Financial Institutional Securities awarded ‘Best Corporate and Institutional Bank –Domestic’ and ‘Best Equity House’.
2015: JM Financial Institutional Securities Limited - awarded the M&A Deal Maker of the Year.
2015: JM Financial Institutional Securities Limited - awarded Highest Independent Honour in India.
2016: JM Financial Services has been recognized by National Stock Exchange, amongst the Top 10 performers in the Cash Segment for the year 2015-16.
2016: JM Financial Institutional Securities has emerged as QIP Dealmaker of the Year in the Business World-PWC I-banking Survey 2016.
2016: JM Financial Services has been recognized by BSE, amongst the Top Performers in Sovereign Gold Bonds.
2017: JM Financial Services - Recognized as ‘India's Best Companies To Work For 2017 - Investments Industry’.
2017: JM Financial Services has been awarded the Market Achievers Award in the Highest IPO Bidding - Non-Institutional Category.
2017: JM Financial Services has been recognized by BSE, amongst the Top Performers in the Equity Broking Segment (Retail Trading).
2018: JM Financial Limited - Ranked 43rd in India’s Great Mid-Size Workplaces.
2018: JM Financial Services has been recognized by BSE Ltd., amongst the Top Performers in the Equity Broking Segment (Retail Trading).
2018: JM Financial awarded for the Best M&A deal (Tata Chemicals US$ 400 million sale of the urea business to Yara International).
2018: JM Financial awarded ‘Best M&A Adviser’.
2019: JM Financial awarded the Best Investment Bank.
2019: JM Financial Services Limited has been Recognized among India’s 20 Best Workplaces in BFSI - 2019 by Great Place to Work.
2019: JM Financial Services has been recognized by BSE, amongst the Top Performers in Primary Market Segment (Debt Public Issue Bids - Members).
2019: JM Financial awarded for the ‘Best IPO’ (Embassy Office Parks REIT US$ 688 million IPO).
2020: JM Financial Asset Management, JM Financial (Institutional Businesses), JM Financial Products (Dwello), JM Financial Home Loans and JM Financial Services accredited as a ‘Great Place to Work-Certified’ by the Great Place to Work Institute.
2020: JM Financial awarded for the CSR Healthcare Project, implemented by JM Financial Foundation in the Dumri Block-Giridih district, Jharkhand.
2020: JM Financial Services has been recognized by BSE, amongst the Top Performers in Primary Market Segment (Equity – IPO/FPO Bids - Members).

Key events and milestones

1973: JM Financial & Investment Consultancy Services (JMFICS), established in Mumbai.
1979-1980: JMFICS filed first offer document for listing securities of an Indian client with FSA, London.
1979-1980: JMFICS became the first to introduce fully convertible debentures in Indian Capital Markets.
1986: JM Financial Share & Stock Brokers, now known as JM Financial (holding company), was incorporated to engage in the business of Stock Broking and Securities.
1986: Regional office set up in Delhi.
1989-1994: JMFICS introduced equity warrants in the Indian Capital Markets.
1989-1994: JM Financial Limited listed on the Bombay, Ahmedabad and Delhi Stock Exchanges.
1989-1994: JMFICS introduced Deep Discount Bond in Indian Capital Markets.
1989-1994: JMFICS managed four transactions of Securities Offerings in excess of Rs. 100 crores each, a size unmatched till then in Indian markets.
1989-1994: JM Financial Asset Management, the first private sector Mutual Fund, commenced operations.
1989-1994: Tied up with CSFB, S. G. Warburg & Co. Morgan Grenfell and DZ, British Investment Banks on informal basis.
1999: Formed a joint venture with Morgan Stanley in the areas of Investment Banking and Securities business.
2002-2006: Managed India’s first IPO through Book Building.
2002-2006: Recorded three firsts in India - first Indian dual tranche FCCB issue, first billion dollar IPO, first conditional IPO.
2002-2006: Launched Private Equity Fund.
2007: Separated from joint venture with Morgan Stanley.
2007: Continued to lead the Indian Investment Banking / Financial Services industry as a 100% Indian Company.
2007: Acquired ASK Securities (renamed as JM Financial Institutional Securities), a institutional securities firm.
2007: Launched Real Estate Fund.
2008-2012: Initiated expansion of business in International Jurisdictions.
2008-2012: Commenced Asset Reconstruction Business.
2008-2012: Expanded operations in Fixed Income Business.
2008-2012: Managed India’s first IDR issue.
2012-2017: Announced partnership in the Real Estate NBFC with an fund, managed by Mr. Vikram Pandit and associates.
2012-2017: Established step down subsidiary in the USA to cater to and service overseas clients/investors.
2012-2017: Received license for Housing Finance from National Housing Bank (NHB).
2012-2017: Commenced SME Business.
2020: Raised Rs 770 crore by issuing shares to a set of investors through qualified institutional placement (QIP).