Just Dial Ltd. (IN:JUSTDIAL)
:JUSTDIAL
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Just Dial Ltd.
(JUSTDIAL)
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Rating:74Outperform
Price Target:
₹641.00
▼(-12.84% Downside)
Action:ReiteratedDate:04/15/26
The score is driven mainly by strong financial health (notably low leverage and solid profitability) and an attractive P/E valuation. These positives are tempered by mixed-to-weak technical signals, with the stock trading below key longer-term moving averages and a negative MACD.
Positive Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility: it allows the company to fund product, sales, or marketing investment without significant refinancing risk, supports resilience through ad-market cyclicality, and enables opportunistic M&A or shareholder returns over the medium term.
Negative Factors
Weak OCF Conversion
OCF covering under 50% of net income signals weak cash conversion, likely from non-cash accruals or working-capital swings. If sustained, this limits true free cash generation, constrains capital allocation, and raises questions about the quality and durability of reported earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility: it allows the company to fund product, sales, or marketing investment without significant refinancing risk, supports resilience through ad-market cyclicality, and enables opportunistic M&A or shareholder returns over the medium term.
Read all positive factors
Just Dial Ltd. (JUSTDIAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹45.59B
Dividend YieldN/A
Average Volume (3M)10.76K
Price to Earnings (P/E)8.4
Beta (1Y)1.11
Revenue Growth6.30%
EPS Growth-14.93%
CountryIN
Employees12,834
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)11.80
Shares Outstanding85,044,655
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)64.48
Revenue Forecast (FY)₹12.83B
Just Dial Ltd. Business Overview & Revenue Model
Company Description
Just Dial Limited engages in the search engine business under the Justdial brand name in India and internationally. The company offers local search, search related, and software services through various platforms, including internet, mobile intern...
How the Company Makes Money
Just Dial primarily makes money by selling paid visibility and advertising solutions to local merchants and service providers that want to be discovered by users searching for products and services in specific categories and geographies. Key reven...
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 | 11.77B | 12.14B | 11.42B | 10.43B | 8.45B | 6.47B |
| Gross Profit | 3.39B | 3.13B | 3.87B | 2.41B | 1.29B | 752.30M |
| EBITDA | 6.24B | 3.58B | 3.35B | 5.22B | 2.28B | 1.20B |
| Net Income | 5.68B | 4.97B | 5.84B | 3.63B | 1.63B | 708.30M |
Balance Sheet | ||||||
| Total Assets | 57.88B | 60.44B | 55.21B | 48.61B | 43.37B | 40.33B |
| Cash, Cash Equivalents and Short-Term Investments | 55.70B | 58.52B | 52.79B | 46.25B | 40.78B | 34.88B |
| Total Debt | 950.20M | 845.10M | 998.40M | 853.10M | 683.80M | 553.30M |
| Total Liabilities | 9.04B | 9.38B | 9.14B | 8.37B | 6.70B | 5.47B |
| Stockholders Equity | 48.83B | 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
735.40
Price Trends
573.09
Negative
646.09
Negative
741.13
Negative
Market Momentum
-1.51
Negative
50.82
Neutral
51.41
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 735.4 is above the 20-day moving average (MA) of 529.59, above the 50-day MA of 573.09, and below the 200-day MA of 741.13, indicating a neutral trend. The MACD of -1.51 indicates Negative momentum. The RSI at 50.82 is Neutral, neither overbought nor oversold. The STOCH value of 51.41 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 (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹127.47B | 17.72 | ― | 1.33% | 12.75% | 28.74% | |
74 Outperform | ₹45.59B | 8.40 | ― | ― | 6.30% | -14.93% | |
62 Neutral | ₹8.78B | 34.55 | ― | 1.88% | -3.27% | -31.18% | |
62 Neutral | ₹649.07B | 79.47 | ― | 0.44% | 14.80% | 140.64% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | ₹2.47T | 631.93 | ― | ― | 138.73% | -66.57% | |
48 Neutral | ₹54.54B | -37.96 | ― | ― | -69.21% | ― |
* Communication Services Sector Average
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Just Dial Ltd. Corporate Events
Just Dial posts steady revenue, strong margins but lower profit on weaker treasury gains
Apr 13, 2026
Just Dial Limited reported financial results for the quarter ended March 31, 2026, highlighting modest operating growth in a mixed performance. Revenue rose 6.2% year-on-year to ₹307.2 crore, supported by a healthy EBITDA margin of 28.9% and...
Just Dial Shares FY26 Financial Performance in Investor Presentation
Apr 13, 2026
Just Dial Ltd. has released an investor presentation detailing its financial performance for the quarter and full year ended March 31, 2026, and has shared this with stock exchanges in compliance with Indian listing regulations. The disclosure is ...
Just Dial Approves FY26 Results as CFO Abhishek Bansal Resigns
Apr 13, 2026
Just Dial Ltd. said its board has approved the audited financial statements and financial results for the year ended 31 March 2026, following a recommendation from the audit committee, with auditors issuing an unmodified opinion. The company also ...
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.