JM Financial Limited (IN:JMFINANCIL)
:JMFINANCIL
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JM Financial Limited
(JMFINANCIL)
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Select Model
Rating:66Neutral
Price Target:
₹141.00
▲(1.44% Upside)
Action:N/ADate:11/18/25
The overall stock score for JM Financial Limited is driven primarily by its solid financial performance and attractive valuation. However, bearish technical indicators and high leverage are significant concerns. The stock's low P/E ratio and dividend yield offer potential value, but caution is advised due to the current negative market momentum.
Positive Factors
Diversified Business Model
JM Financial's diversified platforms—investment banking, securities broking, wealth/asset management and credit businesses—reduce reliance on any single revenue stream. This structural diversification enables cross-selling, stabilizes fee and interest income, and supports resilience across market cycles over months.
Negative Factors
High Leverage
A relatively high debt-to-equity ratio increases refinancing, interest rate and liquidity risk. Elevated leverage limits strategic flexibility, raises fixed funding costs, and amplifies downside if earnings weaken, making the firm more vulnerable to multi-quarter stress in capital markets or rising rates.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Model
JM Financial's diversified platforms—investment banking, securities broking, wealth/asset management and credit businesses—reduce reliance on any single revenue stream. This structural diversification enables cross-selling, stabilizes fee and interest income, and supports resilience across market cycles over months.
Read all positive factors
JM Financial Limited (JMFINANCIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹128.20B
Dividend Yield2.93%
Average Volume (3M)251.31K
Price to Earnings (P/E)11.5
Beta (1Y)1.70
Revenue Growth-10.92%
EPS Growth152.70%
CountryIN
Employees290
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)3.27
Shares Outstanding956,370,540
10 Day Avg. Volume238,174
30 Day Avg. Volume251,307
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.95
Price to Sales (P/S)2.29
P/FCF Ratio1.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
JM Financial Limited Business Overview & Revenue Model
Company Description
JM Financial Limited provides various integrated and diversified financial services to corporations, financial institutions, high net-worth individuals, and retail customers in India. The company operates through four segments: Investment Bank, Mo...
How the Company Makes Money
JM Financial Limited generates revenue primarily from fees, commissions, and interest income across its financial services platforms. Key revenue streams typically include: (1) Investment banking/advisory and capital markets fees: earnings from ad...
JM Financial Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.94B | 40.27B | 42.54B | 32.47B | 37.53B | 32.32B |
| Gross Profit | 31.96B | 27.22B | 26.93B | 20.69B | 26.72B | 21.21B |
| EBITDA | 15.96B | 10.61B | 4.06B | 9.94B | 13.86B | 11.07B |
| Net Income | 11.42B | 8.21B | 4.10B | 5.97B | 7.73B | 5.90B |
Balance Sheet | ||||||
| Total Assets | 245.84B | 245.04B | 297.64B | 293.70B | 258.14B | 233.75B |
| Cash, Cash Equivalents and Short-Term Investments | 54.08B | 5.40B | 22.41B | 5.24B | 12.63B | 8.26B |
| Total Debt | 113.60B | 115.07B | 162.28B | 159.39B | 134.98B | 123.69B |
| Total Liabilities | 136.71B | 142.74B | 187.08B | 181.01B | 151.89B | 136.99B |
| Stockholders Equity | 102.93B | 97.28B | 84.91B | 81.36B | 76.86B | 70.00B |
Cash Flow | ||||||
| Free Cash Flow | -3.49B | 55.35B | 24.61B | -25.73B | -32.20B | 9.63B |
| Operating Cash Flow | -3.18B | 55.69B | 25.15B | -24.49B | -32.03B | 9.69B |
| Investing Cash Flow | 12.31B | -24.75B | -20.90B | -4.51B | 26.16B | -22.49B |
| Financing Cash Flow | -2.73B | -47.86B | 1.62B | 21.53B | 10.24B | 12.96B |
JM Financial Limited Technical Analysis
Neutral
139.00
Price Trends
127.19
Positive
135.05
Negative
151.50
Negative
Market Momentum
0.18
Negative
60.04
Neutral
89.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JMFINANCIL, the sentiment is Neutral. The current price of 139 is above the 20-day moving average (MA) of 122.34, above the 50-day MA of 127.19, and below the 200-day MA of 151.50, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 60.04 is Neutral, neither overbought nor oversold. The STOCH value of 89.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JMFINANCIL.
JM Financial Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹128.20B | 11.48 | ― | 2.93% | -10.92% | 152.70% | |
64 Neutral | ₹193.66B | 13.98 | ― | ― | 8.01% | -20.87% | |
62 Neutral | ₹75.15B | -45.03 | ― | ― | 8.35% | -50.99% | |
55 Neutral | ₹110.36B | 9.45 | ― | 1.37% | -19.77% | -11.03% | |
55 Neutral | ₹84.03B | 17.57 | ― | 0.60% | 35.30% | 41.06% | |
52 Neutral | ₹177.08B | 17.22 | ― | 0.11% | 43.41% | 109.52% |
* Financial Sector Average
IN:JMFINANCIL
JM Financial Limited
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39.20
41.33%
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-11.91%
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JM Financial Limited Corporate Events
JM Financial Earns ‘Leader’ ESG Rating with Score of 73 from NSE Sustainability Unit
Apr 6, 2026
JM Financial Limited has been assigned an Environmental, Social and Governance score of 73 and classified in the “Leader” category by NSE Sustainability Ratings and Analytics, a SEBI-registered ESG rating provider, based on publicly av...
JM Financial uploads Q3 earnings call audio for investor access
Feb 6, 2026
JM Financial Limited has notified the stock exchanges that it conducted an earnings conference call on 6 February 2026 to discuss its financial performance for the third quarter and nine months ended 31 December 2025, supported by an investor pres...
JM Financial files Q3 FY26 investor presentation with stock exchanges
Feb 5, 2026
JM Financial Limited has submitted an investor presentation to the BSE and NSE, accompanying its unaudited financial results for the third quarter and nine months ended December 31, 2025, along with a press release. The filing underscores the comp...
JM Financial Files Investor Presentation Alongside Q3 FY26 Results Update
Feb 5, 2026
JM Financial Limited has submitted an investor presentation to the stock exchanges alongside its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company has requested the exchanges to place the presen...
JM Financial Files SEBI Demat Compliance Certificate for December 2025 Quarter
Jan 14, 2026
JM Financial Limited has submitted to stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025, as provided by its Registrar and Transfer ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.