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Just Dial Ltd.
(JUSTDIAL)
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Rating:78Outperform
Price Target:
₹767.00
▲(5.13% Upside)
Action:Reiterated
Date:07/15/26
The score is driven mainly by strong financial performance, highlighted by a low-debt balance sheet and solid recent profitability, though tempered by uneven cash conversion and margin variability. Technicals show a powerful uptrend but are very overbought, which raises near-term volatility risk. Valuation looks reasonable with a P/E around 12.8, providing additional support.
Positive Factors
Very Low Leverage
Minimal leverage reduces financial risk and interest burden, giving Just Dial flexibility to invest in its platform, sustain operations through cycles, and pursue growth without relying heavily on external funding.
Negative Factors
Weak Operating Cash Conversion
Low operating cash conversion means reported earnings are not consistently translating into cash from core operations. If persistent, this could constrain reinvestment capacity and reduce the quality and predictability of shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal leverage reduces financial risk and interest burden, giving Just Dial flexibility to invest in its platform, sustain operations through cycles, and pursue growth without relying heavily on external funding.
Read all positive factors
Just Dial Ltd. (JUSTDIAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹57.25B
Dividend YieldN/A
Average Volume (3M)10.76K
Price to Earnings (P/E)10.9
Beta (1Y)1.22
Revenue Growth7.27%
EPS Growth-16.44%
CountryIN
Employees13,070
SectorGeneral
Sector StrengthN/A
IndustryInternet Content & Information
Share Statistics
EPS (TTM)61.69
Shares Outstanding85,049,034
10 Day Avg. Volume18,785
30 Day Avg. Volume10,759
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)0.82
Price to Sales (P/S)3.44
P/FCF Ratio13.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹825.00Price Target Upside13.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)65.6
Revenue Forecast (FY)₹13.28B
Just Dial Ltd. Business Overview & Revenue Model
Company Description
Just Dial Limited operates its proprietary search engine, Justdial, catering to users both within India and across international markets. The company provides a comprehensive range of services, including local search, search-related solutions, and...
How the Company Makes Money
Just Dial primarily makes money by selling paid visibility and marketing solutions to businesses listed on its platform. Key revenue streams typically include: (1) Paid listings and visibility upgrades, where merchants pay subscription/contract fe...
Just Dial Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.43B | 12.14B | 11.42B | 10.43B | 8.45B | 6.47B |
| Gross Profit | 3.15B | 4.30B | 3.87B | 2.41B | 1.29B | 752.30M |
| EBITDA | 5.44B | 3.63B | 3.35B | 5.22B | 2.28B | 1.20B |
| Net Income | 5.04B | 4.97B | 5.84B | 3.63B | 1.63B | 708.30M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 60.44B | 55.21B | 48.61B | 43.37B | 40.33B |
| Cash, Cash Equivalents and Short-Term Investments | 58.52B | 58.52B | 52.79B | 46.25B | 40.78B | 34.88B |
| Total Debt | 0.00 | 845.10M | 998.40M | 853.10M | 683.80M | 553.30M |
| Total Liabilities | -51.06B | 9.38B | 9.14B | 8.37B | 6.70B | 5.47B |
| Stockholders Equity | 51.06B | 51.06B | 46.06B | 40.23B | 36.67B | 34.86B |
Cash Flow | ||||||
| Free Cash Flow | 1.14B | 3.10B | 3.06B | 2.48B | 12.88B | 243.80M |
| Operating Cash Flow | 1.15B | 3.14B | 3.11B | 2.59B | 1.79B | 389.60M |
| Investing Cash Flow | -1.07B | -2.88B | -2.90B | -2.30B | -1.63B | -21.87B |
| Financing Cash Flow | -157.70M | -297.70M | -288.40M | -272.10M | -230.80M | 21.09B |
Just Dial Ltd. Technical Analysis
Neutral
729.60
Price Trends
646.21
Positive
589.19
Positive
631.90
Positive
Market Momentum
1.25
Positive
48.03
Neutral
34.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JUSTDIAL, the sentiment is Neutral. The current price of 729.6 is above the 20-day moving average (MA) of 695.60, above the 50-day MA of 646.21, and above the 200-day MA of 631.90, indicating a neutral trend. The MACD of 1.25 indicates Positive momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of 34.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JUSTDIAL.
Just Dial Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹57.25B | 10.93 | ― | ― | 7.27% | -16.44% | |
72 Outperform | ₹3.16T | 695.80 | ― | ― | 190.50% | 40.03% | |
70 Outperform | ₹104.80B | 21.20 | ― | 1.71% | 12.75% | -16.52% | |
69 Neutral | ₹877.64B | 54.66 | ― | 0.44% | 13.86% | 55.88% | |
63 Neutral | ₹11.06B | 25.25 | ― | 2.28% | 5.46% | 17.23% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹46.03B | -136.28 | ― | ― | -48.53% | 97.63% |
* General Sector Average
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Just Dial Ltd. Corporate Events
Just Dial Publishes AGM and E-Voting Notice in Financial Dailies
Aug 9, 2026
Just Dial Ltd. has notified stock exchanges that it has published newspaper advertisements regarding its thirty-second annual general meeting and the related e-voting information in the English daily Financial Express and the Marathi daily Loksatt...
Just Dial Sets Virtual AGM for August 31, 2026 and Publishes FY 2025-26 Annual Report
Aug 8, 2026
Just Dial Limited has scheduled its 32nd Annual General Meeting for August 31, 2026 at 5:30 p.m. IST, which will be conducted via video conferencing and other audio-visual means in line with regulatory guidance from corporate and securities author...
Just Dial releases Business Responsibility and Sustainability Report for FY 2025-26
Aug 8, 2026
Just Dial Limited has notified the stock exchanges that it has completed and released its Business Responsibility and Sustainability Report for the financial year 2025-26. The report, now available on the company’s website, outlines its disc...
Just Dial Board Clears Q1 FY27 Results and Reshapes Top Leadership
Jul 10, 2026
Just Dial Limited’s board has approved the unaudited financial results for the quarter ended June 30, 2026, following review by its audit committee, with the figures made available on the company website for investors and other stakeholders....
Just Dial posts steady Q1 FY27 growth with stronger margins and cash pile
Jul 10, 2026
Just Dial reported unaudited results for the quarter ended June 30, 2026, posting operating revenue of ₹327.5 crore, up 9.9% year-on-year and 6.6% sequentially, with EBITDA of ₹87.4 crore and a robust margin of 26.7%. Net profit rose 4...
Just Dial Publishes Q1 FY2026 Investor Presentation and Discloses Unaudited Results
Jul 10, 2026
Just Dial Limited has released an investor presentation detailing its unaudited financial performance for the first quarter ended June 30, 2026, and submitted the materials to the BSE, NSE, and Metropolitan Stock Exchange of India in line with dis...
Just Dial Promoter Confirms No Encumbrance on Shares in FY 2024-25
Jun 19, 2026
Promoter group member Ramani Iyer has informed the Indian stock exchanges that no encumbrance has been created, directly or indirectly, on the shares of Just Dial Ltd. held by him during the 2024-25 financial year. The declaration, made under Regu...
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.