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JM Financial Limited (JMFINANCIL.NS)

INR122.96 -4.30 (-3.38%)
IN NSE Financial Services Investment - Banking & Investment Services
Address Cnergy 400 025
Mumbai, MH, IN
CEO Vishal Kampani
Website jmfl.com
IPO 2006-10-10
ISIN INE780C01023

Explore sections of this company profile

Also trades on Bombay Stock Exchange · JMFINANCIL.BO (INR) National Stock Exchange of India · JMFINANCIL.NS (INR)
Description

JM Financial Limited, together with its subsidiaries, provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally. The company operates through Investment Bank; Mortgage Lending; Alternative & Distressed Credit; and Asset Management, Wealth Management & Securities Business (Platform AWS) segments. The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also provides institutional equities business and research, portfolio management, private equity funds, fixed income, syndication, and finance services. The Mortgage Lending segment offers finance against commercial and residential real estate to a range of corporate and non-corporate clients; housing finance; and lending services to educational institutions. The Alternative & Distressed Credit segment provides securitization and reconstruction of financial assets and manages alternative credit funds. The Platform AWS segment offers investment advisory and distribution services, which include equity brokerage, elite and retail wealth management, and margin trade financing; distributes financial products; and manages mutual fund assets through various schemes. The company also provides real estate consulting and capital market lending services. The company was formerly known as J.M. Share and Stock Brokers Private Limited and changed its name to JM Financial Limited in September 2004. JM Financial Limited was founded in 1973 and is headquartered in Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR122.96 -4.30 (-3.38%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.28
Float Shares
510.49M
Free Float %
53.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.53% +0.62% -5.95% +2.40% -10.01% -12.86% -2.19% +86.32% +48.55% +189.70% +322.07%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
122.96
DCF (Unlevered) 366.33 +197.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.14
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Investment - Banking & Investment Services: +23.9%
    +5.8% Q1'26: -4.9% (vs Q1'25)
  • ✓
    EPS growth Investment - Banking & Investment Services: +31.6%
    +46.3% ★ Q1'26: -21.0% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Investment - Banking & Investment Services: +22.1%
    +22.8% Q1'26: -36.0% (vs Q1'25)
  • ✓
    EBIT margin Investment - Banking & Investment Services: +33.7%
    +37.7% ★ Q1'26: +25.3% (vs Q1'25)
  • ✗
    ROIC Investment - Banking & Investment Services: +2.7%
    +6.6% ★ Q1'26: +3.6% (vs Q1'25)
  • ✗
    Share dilution Investment - Banking & Investment Services: +0.1%
    +0.1% Q1'26: -0.1% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Investment - Banking & Investment Services: -0.48×
    6.91× Q1'26: 10.86× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.35) × ERP
WACC = 52% × Ke + 48% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 365.95 Current price: 122.96
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
1 Rev. Ana.
1 EPS Ana. 		Mar 2027
1 Rev. Ana.
1 EPS Ana. 		Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
5.40B
est: 6.00B (-10.0%)
8.96B
est: 8.98B (-0.3%)
8.74B
est: 8.58B (+1.9%)
10.42B
est: 10.66B (-2.2%)
10.07B
est: 10.23B (-1.6%)
14.03B
est: 14.09B (-0.4%)
16.85B
est: 16.90B (-0.3%)
23.57B
est: 22.81B (+3.4%)
29.99B
est: 25.37B (+18.2%)
34.85B
est: 34.44B (+1.2%)
34.51B
est: 30.27B (+14.0%)
32.32B
est: 24.67B (+31.0%)
37.53B
est: 32.98B (+13.8%)
32.47B
est: 32.97B (-1.5%)
42.54B
est: 27.06B (+57.2%)
40.27B
est: 33.06B (+21.8%)
27.35B
27.35B – 27.35B
-17.2% YoY
31.23B
31.23B – 31.23B
+14.2% YoY
37.09B
37.09B – 37.09B
+18.8% YoY
EBITDA
2.15B
est: 1.65B (+29.9%)
2.40B
est: 2.43B (-0.9%)
1.94B
est: 2.29B (-15.2%)
2.66B
est: 2.88B (-7.5%)
2.95B
est: 2.76B (+7.0%)
5.35B
est: 3.88B (+37.9%)
7.13B
est: 4.65B (+53.2%)
9.95B
est: 8.35B (+19.2%)
11.91B
est: 11.49B (+3.7%)
13.10B
est: 10.80B (+21.3%)
11.35B
est: 9.03B (+25.6%)
11.07B
est: 9.98B (+10.8%)
13.86B
est: 9.47B (+46.3%)
9.94B
est: 9.43B (+5.4%)
4.06B
est: 9.23B (-56.0%)
10.61B
est: 8.89B (+19.4%)
7.82B
7.82B – 7.82B
-12.0% YoY
8.93B
8.93B – 8.93B
+14.2% YoY
10.60B
10.60B – 10.60B
+18.8% YoY
EBIT
2.03B
est: 1.58B (+28.6%)
2.28B
est: 2.31B (-1.5%)
1.83B
est: 2.18B (-16.0%)
2.54B
est: 2.74B (-7.4%)
2.80B
est: 2.63B (+6.4%)
5.17B
est: 3.70B (+39.7%)
6.93B
est: 4.44B (+56.1%)
9.72B
est: 9.00B (+8.0%)
11.65B
est: 13.54B (-14.0%)
12.83B
est: 9.05B (+41.8%)
10.94B
est: 10.91B (+0.2%)
10.67B
est: 11.68B (-8.7%)
13.48B
est: 11.08B (+21.6%)
9.53B
est: 11.04B (-13.7%)
3.53B
est: 10.80B (-67.3%)
9.97B
est: 9.69B (+2.8%)
7.44B
7.44B – 7.44B
-23.3% YoY
8.49B
8.49B – 8.49B
+14.2% YoY
10.09B
10.09B – 10.09B
+18.8% YoY
Net Income
1.54B
est: 1.56B (-1.4%)
1.75B
est: 2.14B (-18.3%)
1.21B
est: 1.46B (-16.9%)
1.83B
est: 2.23B (-18.1%)
2.10B
est: 2.53B (-17.1%)
3.31B
est: 3.83B (-13.7%)
4.00B
est: 4.98B (-19.5%)
4.70B
est: 5.20B (-9.6%)
6.01B
est: 6.54B (-8.1%)
5.72B
est: 6.89B (-17.0%)
5.45B
est: 4.94B (+10.2%)
5.90B
est: 5.94B (-0.7%)
7.73B
est: 5.63B (+37.2%)
5.97B
est: 5.61B (+6.4%)
4.10B
est: 5.49B (-25.3%)
8.21B
est: 8.05B (+2.1%)
11.30B
11.30B – 11.30B
+40.5% YoY
11.97B
11.97B – 11.97B
+5.9% YoY
14.17B
14.17B – 14.17B
+18.4% YoY
SGA
1.30B
est: 924.66M (+40.1%)
1.73B
est: 4.00B (-56.7%)
1.75B
est: 2.95B (-40.8%)
2.67B
est: 1.61B (+65.9%)
2.70B
est: 1.54B (+75.1%)
2.48B
est: 2.17B (+14.3%)
2.78B
est: 2.60B (+6.6%)
3.21B
est: 4.73B (-32.2%)
4.09B
est: 6.22B (-34.2%)
4.33B
est: 5.31B (-18.4%)
4.16B
est: 3.64B (+14.2%)
5.35B
est: 6.03B (-11.3%)
5.67B
est: 5.72B (-0.8%)
6.71B
est: 5.69B (+17.8%)
8.33B
est: 5.57B (+49.5%)
9.94B
est: 5.29B (+87.8%)
4.38B
4.38B – 4.38B
-17.2% YoY
5.00B
5.00B – 5.00B
+14.2% YoY
5.94B
5.94B – 5.94B
+18.8% YoY
EPS
2.02
est: 1.63 (+23.8%)
2.33
est: 2.24 (+3.8%)
1.62
est: 1.53 (+5.9%)
2.44
est: 2.35 (+4.0%)
2.78
est: 2.65 (+4.8%)
4.32
est: 4.00 (+8.0%)
5.08
est: 5.20 (-2.3%)
5.93
est: 5.80 (+2.2%)
7.48
est: 7.50 (-0.2%)
6.82
est: 7.20 (-5.3%)
6.48
est: 7.79 (-16.9%)
6.34
est: 6.45 (-1.7%)
8.11
est: 8.20 (-1.1%)
6.26
est: 7.65 (-18.2%)
4.29
est: 6.30 (-31.9%)
8.59
est: 8.40 (+2.3%)
11.80
11.80 – 11.80
+40.5% YoY
12.50
12.50 – 12.50
+5.9% YoY
14.80
14.80 – 14.80
+18.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-15 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
375.39M
OE per share TTM
0.39
Owner's Yield
0.30%
Maintenance CapEx ratio
8.35%
Maint CapEx / Avg PPE
12.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.43M
Shares Outstanding
956.47M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vishal Nimesh Kampani MD & Vice Chairman 83M male
Adi Patel MD & Additional Director 75M male
Manish C. Sheth MD & Chief Executive Officer of JM Financial Home Loans Limited 4M male
Harish Kumar Lalchandani MD & Head of Legal at Distressed Credit — male
Abhishek Bhagat Managing Director of Technology, Media & Telecom — male
Nishit Shah MD & Chief Financial Officer — male
Sonia Dasgupta MD & Chief Executive Officer of Investment Banking — female
Hemant Vijay Pandya Company Secretary & Compliance Officer — male
Anil Salvi MD & Group Head of Human Resources — male
Chintan Maniar MD and Head of Sales & Trading Institutional Equities — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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