JM Financial

  • Market Cap: Small Cap
  • Industry: Holding Company
  • ISIN: INE780C01023
  • NSEID: JMFINANCIL
  • BSEID: 523405
INR
122.24
-2.66 (-2.13%)
BSENSE

Feb 06

BSE+NSE Vol: 77.64 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

77.64 lacs (91.52%) Volume

Shareholding (Dec 2025)

FII

17.70%

Held by 169 FIIs

DII

0.67%

Held by 29 DIIs

Promoter

56.90%

Who are the top shareholders of the JM Financial?

06-Jun-2025

The top shareholders of JM Financial include J. M. Financial And Investment Consultancy Services Private Limited with 24.38%, foreign institutional investors holding 17.49%, mutual funds at 6.38%, and individual investors at 14.46%. This indicates strong interest from both institutional and retail investors.

The top shareholders of JM Financial include a mix of promoters, institutional investors, and individual shareholders. The largest promoter is J. M. Financial And Investment Consultancy Services Private Limited, holding 24.38%. <BR><BR>In terms of institutional holdings, foreign institutional investors (FIIs) collectively own 17.49% of the company, represented by 144 different FIIs. Additionally, mutual funds hold 6.38% across 14 schemes, with ICICI Prudential being the highest public shareholder at 3.97%. Individual investors account for 14.46% of the total shareholding. <BR><BR>This diverse ownership structure reflects a strong interest from both institutional and retail investors in JM Financial.

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When is the next results date for JM Financial?

06-Jun-2025

No Upcoming Board Meetings

Who are in the management team of JM Financial?

06-Jun-2025

As of March 2023, the management team of JM Financial includes Nimesh N Kampani (Chairman), Vishal Kampani (Vice Chairman), Atul Mehra and Adi Patel (Joint Managing Directors), along with several independent directors and a Company Secretary. This diverse team oversees the company's governance and strategic direction.

As of March 2023, the management team of JM Financial includes:<BR><BR>1. Nimesh N Kampani - Chairman (Non-Executive)<BR>2. Jagi Mangat Panda - Independent Director<BR>3. Vishal Kampani - Vice Chairman<BR>4. P S Jayakumar - Independent Director<BR>5. Pradip M. Kanakia - Independent Director<BR>6. Sumit Bose - Independent Director<BR>7. Atul Mehra - Joint Managing Director<BR>8. Adi Patel - Joint Managing Director<BR>9. Dimple Mehta - Company Secretary & Compliance Officer<BR>10. Navroz Darius Udwadia - Independent Director<BR>11. Roshini Bakshi - Independent Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

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What does JM Financial do?

06-Jun-2025

JM Financial Ltd is a mid-cap holding company involved in financial services, reporting net sales of ₹1,004 Cr and a net profit of ₹210 Cr for March 2025. Key metrics include a P/E ratio of 17.00 and a market cap of ₹13,531 Cr.

Overview: <BR>JM Financial Ltd is a holding company operating in the mid-cap category.<BR><BR>History: <BR>JM Financial Limited was incorporated in 1986 as 'J.M. Share and Stock Brokers Private Limited' and transitioned to a deemed Public Limited Company in 1988. The company changed its name to JM Financial Limited in 2004. The most recent quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 1,004 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 210 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 13,531 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 17.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 1.40% <BR>Debt Equity: 1.18 <BR>Return on Equity: 8.44% <BR>Price to Book: 1.40<BR><BR>Contact Details: <BR>Address: 7th Floor Cnergy Prabhadevi, Appasaheb Marathe Marg Mumbai Maharashtra : 400025 <BR>Tel: 91-22-66303030 <BR>Email: shareholdergrievance@jmfl.com <BR>Website: http://www.jmfl.com

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What is the bonus history of the JM Financial?

06-Jun-2025

JM Financial declared a 3:2 bonus issue in 2008, with an ex-date of September 8 and a record date of September 15, allowing shareholders to receive three shares for every two they held.

JM Financial has a bonus history that includes a notable issue announced in 2008. Specifically, the company declared a 3:2 bonus issue, with the ex-date set for September 8, 2008, and the record date on September 15, 2008. This means that shareholders received three shares for every two shares they held at that time. If you have any more questions about JM Financial or need further details, feel free to ask!

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Has JM Financial declared dividend?

06-Jun-2025

Yes, JM Financial Ltd has declared a 270% dividend, with an ex-date of June 13, 2025. The company has demonstrated strong total returns over various periods, particularly in the long term.

JM Financial Ltd has declared a 270% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 270%<BR>- Ex-date: 13 Jun 25<BR><BR>Dividend Yield: 1.4%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -0.61%, with no dividend return, resulting in a total return of -0.61%.<BR><BR>Over the past year, the price return was 77.68%, with no dividend return, leading to a total return of 77.68%.<BR><BR>In the 2-year period, the price return was 90.27%, with a dividend return of 2.67%, culminating in a total return of 92.94%.<BR><BR>For the 3-year period, the price return was 116.59%, with a dividend return of 8.46%, resulting in a total return of 125.05%.<BR><BR>In the 4-year period, the price return was 50.41%, with a dividend return of 5.96%, leading to a total return of 56.37%.<BR><BR>Over the last 5 years, the price return was 101.67%, with a dividend return of 8.15%, resulting in a total return of 109.82%.<BR><BR>Overall, JM Financial has declared a significant dividend and has shown strong total returns over various periods, particularly in the longer term, indicating a positive performance trend for investors.

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Who are the peers of the JM Financial?

03-Jun-2025

JM Financial's peers include Bajaj Finserv, Bajaj Holdings, JSW Holdings, TVS Holdings, ACME Solar Hold., and others. Management risk varies from excellent to below average, with JM Financial showing below average growth and a 1-year return of 65.47%.

Peers: The peers of JM Financial are Bajaj Finserv, Bajaj Holdings, JSW Holdings, TVS Holdings, ACME Solar Hold., Edelweiss.Fin., Kama Holdings, Pilani Invest., Nalwa Sons Invst, and Sundaram Fin.Hol.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bajaj Finserv, TVS Holdings, and Kama Holdings, while Average management risk is found at Bajaj Holdings, JSW Holdings, JM Financial, Edelweiss.Fin., and the rest. Below Average management risk is noted for ACME Solar Hold., Pilani Invest., Nalwa Sons Invst, and Sundaram Fin.Hol. Growth is Excellent for TVS Holdings and ACME Solar Hold., Average for Bajaj Holdings, JSW Holdings, Kama Holdings, and the rest, while Below Average growth is seen at JM Financial and Edelweiss.Fin. Capital Structure is Excellent for Bajaj Holdings, JSW Holdings, JM Financial, Edelweiss.Fin., Kama Holdings, Pilani Invest., Nalwa Sons Invst, and Sundaram Fin.Hol., while Below Average is noted for TVS Holdings and ACME Solar Hold.<BR><BR>Return Snapshot: The peer with the highest 1-year return is JSW Holdings at 239.14%, while the lowest is ACME Solar Hold. with N/A, and JM Financial's 1-year return is 65.47%. Additionally, the peers with negative six-month returns include ACME Solar Hold., Edelweiss.Fin., Pilani Invest., Nalwa Sons Invst, and Sundaram Fin.Hol.

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How big is JM Financial?

24-Jul-2025

As of 24th July, JM Financial Ltd has a market capitalization of 17,139.00 Cr, with Net Sales of 4,377.62 Cr and a Net Profit of 821.31 Cr for the latest four quarters. The company has Shareholder's Funds of 9,727.80 Cr and Total Assets of 24,169.88 Cr.

As of 24th July, JM Financial Ltd has a market capitalization of 17,139.00 Cr, categorizing it as a Mid Cap company.<BR><BR>For the latest four quarters, JM Financial reported Net Sales of 4,377.62 Cr and a Net Profit of 821.31 Cr.<BR><BR>As of the latest annual period, the company has Shareholder's Funds amounting to 9,727.80 Cr and Total Assets of 24,169.88 Cr.

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Is JM Financial technically bullish or bearish?

18-Sep-2025

As of September 17, 2025, JM Financial's technical trend is mildly bullish, supported by positive MACD and moving averages, though caution is advised due to a bearish monthly RSI and mildly bearish weekly KST.

As of 17 September 2025, the technical trend for JM Financial has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly and monthly MACD indicators, both of which are bullish. The daily moving averages also support this bullish sentiment. However, the monthly RSI is bearish, indicating some weakness, while the weekly KST is mildly bearish, suggesting caution. Bollinger Bands are mildly bullish on both weekly and monthly time frames, reinforcing the overall mildly bullish outlook. Despite recent price action showing a decline from the previous close, the longer-term trends remain positive, particularly with strong returns over 1Y and 3Y periods compared to the Sensex.

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How has been the historical performance of JM Financial?

06-Nov-2025

JM Financial's historical performance shows fluctuating trends, with net sales and operating income peaking in March 2024 before declining in March 2025, while profit before tax and net profit significantly increased during the same period. Total liabilities and assets decreased, and cash flow from operating activities improved despite a net cash outflow in March 2025.

Answer:<BR>The historical performance of JM Financial shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>JM Financial's net sales peaked at 4,760.72 Cr in March 2024 but declined to 4,377.62 Cr by March 2025. The total operating income followed a similar pattern, reaching 4,760.72 Cr in March 2024 and then decreasing to 4,377.62 Cr in March 2025. The total expenditure, excluding depreciation, increased slightly from 2,017.38 Cr in March 2024 to 2,087.26 Cr in March 2025. Operating profit (PBDIT) decreased from 2,814.78 Cr in March 2024 to 2,365.57 Cr in March 2025, reflecting a decline in operating profit margin from 58.29% to 53.03%. Profit before tax saw a significant increase to 996.85 Cr in March 2025 from 353.37 Cr in March 2024, while profit after tax rose to 772.00 Cr from 27.52 Cr in the same period. The consolidated net profit also increased to 821.31 Cr in March 2025 from 409.84 Cr in March 2024. On the balance sheet, total liabilities decreased from 29,489.56 Cr in March 2024 to 24,169.88 Cr in March 2025, while total assets similarly fell from 29,489.56 Cr to 24,169.88 Cr. Cash flow from operating activities improved to 5,568.00 Cr in March 2025 from 3,635.00 Cr in March 2024, although the net cash outflow was recorded at -1,691.00 Cr in March 2025 compared to a net inflow of 1,707.00 Cr in March 2024. Overall, JM Financial's performance indicates a complex interplay of growth and decline across various financial metrics over the years.

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Is JM Financial overvalued or undervalued?

10-Nov-2025

As of November 7, 2025, JM Financial is considered undervalued with a PE ratio of 13.31 and has shifted from fair to attractive valuation, outperforming the Sensex with a YTD return of 22.78%, especially when compared to competitors like Bajaj Finance and Life Insurance.

As of 7 November 2025, JM Financial's valuation grade has moved from fair to attractive, indicating a shift in its perceived value. The company is currently considered undervalued, with a PE ratio of 13.31, a price to book value of 0.15, and an EV to EBITDA ratio of -10.42. These figures suggest that JM Financial is trading at a significant discount compared to its peers.<BR><BR>In comparison to notable competitors, Bajaj Finance is categorized as very expensive with a PE ratio of 38.09, while Life Insurance is seen as very attractive with a PE ratio of 11.44. This peer analysis reinforces the notion that JM Financial is undervalued within its industry. Additionally, JM Financial has outperformed the Sensex in terms of YTD returns, achieving 22.78% compared to the Sensex's 6.50%, further supporting the case for its attractive valuation.

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Are JM Financial Ltd latest results good or bad?

06-Feb-2026

JM Financial Ltd's latest results show a 16.30% year-on-year profit increase to ₹270 crores, but a concerning 40.50% decline from the previous quarter and a 13.37% drop in net sales indicate potential challenges in core operations, leading to a cautious outlook among investors.

JM Financial Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹270.00 crores for Q3 FY26, which is a 16.30% increase year-on-year, indicating strong annual growth. However, this figure represents a significant decline of 40.50% compared to the previous quarter, which raises concerns about the sustainability of this profit growth.<BR><BR>In terms of net sales, the company experienced a decline of 13.37% year-on-year and a 7.20% decrease quarter-on-quarter, marking the lowest revenue figure in recent quarters at ₹1,031.28 crores. This revenue contraction is particularly troubling as it suggests potential challenges in the company's core business operations.<BR><BR>Despite the positive year-on-year profit growth, the sequential declines in both revenue and profit have led to investor concerns, reflected in the stock's performance following the results. The operating margin improved significantly to 59.92%, showcasing operational efficiency, but the overall sentiment remains cautious due to the revenue challenges.<BR><BR>In summary, while JM Financial's annual profit growth is commendable, the sharp declines in revenue and profit quarter-on-quarter indicate underlying issues that investors are wary of, leading to a cautious outlook on the company's immediate performance.

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Should I buy, sell or hold JM Financial Ltd?

06-Feb-2026

Why is JM Financial Ltd falling/rising?

06-Feb-2026

As of 06-Feb, JM Financial Ltd's stock price is Rs 122.40, down 2.08% and has declined 6.85% over the last two days. Despite strong quarterly results and high institutional holdings, the stock shows poor long-term growth potential and is trading below key moving averages.

As of 06-Feb, JM Financial Ltd's stock price is falling, currently at Rs 122.40, reflecting a decrease of Rs 2.6 or 2.08%. The stock has underperformed the sector by 2.7% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 6.85% during this period. Additionally, the stock touched an intraday low of Rs 117.5, which is a 6% decrease from its previous price.<BR><BR>The stock's performance over various time frames shows a significant decline, with a 1-week drop of 5.04% and a 1-month decline of 14.73%. Year-to-date, the stock has fallen by 18.45%, contrasting with a positive annual return of 11.32%. Despite these longer-term gains, the recent trends indicate a lack of momentum, as JM Financial is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.<BR><BR>While there are positive factors such as strong quarterly results and a low debt-equity ratio, the overall growth metrics are concerning. Net sales have only grown at an annual rate of 5.69%, and operating profit has increased at a mere 3.73%. These figures suggest poor long-term growth potential, contributing to the stock's current downward trajectory. Furthermore, despite high institutional holdings at 23.47%, which typically indicates confidence from more informed investors, the stock's recent performance reflects a lack of investor enthusiasm, leading to its decline.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard

1

Poor long term growth as Net Sales has grown by an annual rate of 5.69% and Operating profit at 3.73%

 
stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Holding Company

stock-summary
Market cap

INR 11,390 Cr (Small Cap)

stock-summary
P/E

9.00

stock-summary
Industry P/E

22

stock-summary
Dividend Yield

1.20%

stock-summary
Debt Equity

1.10

stock-summary
Return on Equity

11.10%

stock-summary
Price to Book

1.16

Revenue and Profits:
Net Sales:
999 Cr
(Quarterly Results - Dec 2025)
Net Profit:
313 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (1.2%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-24.51%
1.02%
-23.49%
6 Months
-20.79%
0.94%
-19.85%
1 Year
10.72%
1.47%
12.19%
2 Years
13.82%
3.42%
17.24%
3 Years
88.93%
6.77%
95.7%
4 Years
68.14%
9.47%
77.61%
5 Years
43.9%
7.90%
51.8%

Latest dividend: 1.5 per share ex-dividend date: Nov-14-2025

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Announcements stock-summary

JM Financial Limited - Analysts/Institutional Investor Meet/Con. Call Updates

14-Nov-2019 | Source : NSE

JM Financial Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates

JM Financial Limited - Analysts/Institutional Investor Meet/Con. Call Updates

13-Nov-2019 | Source : NSE

JM Financial Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates

JM Financial Limited - Updates

22-Oct-2019 | Source : NSE

JM Financial Limited has informed the Exchange regarding 'We wish to inform you that the Company will hold earnings conference call on Thursday, October 24, 2019 at 2.00 p.m. to discuss the Company s above financial results for the second quarter and half year ended September 30, 2019.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

JM Financial Ltd has declared 150% dividend, ex-date: 14 Nov 25

stock-summary
SPLITS

JM Financial Ltd has announced 1:10 stock split, ex-date: 08 Sep 08

stock-summary
BONUS

JM Financial Ltd has announced 3:2 bonus issue, ex-date: 08 Sep 08

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
5.26%
EBIT Growth (5y)
4.71%
Net Debt to Equity (avg)
1.10
Institutional Holding
23.47%
ROE (avg)
10.59%

Valuation key factors

Factor
Value
P/E Ratio
9
Industry P/E
22
Price to Book Value
1.14
EV to EBIT
7.00
EV to EBITDA
6.80
EV to Capital Employed
1.09
EV to Sales
4.26
PEG Ratio
3.60
Dividend Yield
1.23%
ROCE (Latest)
15.83%
ROE (Latest)
11.10%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 18 Schemes (5.08%)

FIIs

Held by 169 FIIs (17.7%)

Promoter with highest holding

J. M. Financial And Investment Consultancy Services Private Limited (24.69%)

Highest Public shareholder

Timf Holdings (2.36%)

Individual Investors Holdings

14.22%

stock-summaryFinancial
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          "chgp": "-16.43%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "-846.86",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "821.31",
          "val2": "409.84",
          "chgp": "100.40%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "53.03%",
          "val2": "58.29%",
          "chgp": "-5.26%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
999.36
1,106.14
-9.65%
Operating Profit (PBDIT) excl Other Income
563.36
606.55
-7.12%
Interest
247.83
318.00
-22.07%
Exceptional Items
-21.29
0.00
Consolidate Net Profit
312.80
208.92
49.72%
Operating Profit Margin (Excl OI)
56.73%
55.24%
1.49%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2025 is -9.65% vs -10.51% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2025 is 49.72% vs -24.76% in Dec 2024

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
2,142.62
2,267.56
-5.51%
Operating Profit (PBDIT) excl Other Income
1,455.03
1,105.76
31.59%
Interest
505.10
713.34
-29.19%
Exceptional Items
0.00
0.00
Consolidate Net Profit
723.81
402.86
79.67%
Operating Profit Margin (Excl OI)
69.16%
49.47%
19.69%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -5.51% vs 0.16% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is 79.67% vs 11.65% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
3,141.98
3,373.70
-6.87%
Operating Profit (PBDIT) excl Other Income
2,018.39
1,712.31
17.88%
Interest
752.93
1,031.34
-26.99%
Exceptional Items
-21.29
0.00
Consolidate Net Profit
1,036.61
611.78
69.44%
Operating Profit Margin (Excl OI)
64.24%
50.75%
13.49%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is -6.87% vs -3.61% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is 69.44% vs -4.19% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
4,377.62
4,760.72
-8.05%
Operating Profit (PBDIT) excl Other Income
2,290.36
2,743.34
-16.51%
Interest
1,304.93
1,561.52
-16.43%
Exceptional Items
0.00
-846.86
100.00%
Consolidate Net Profit
821.31
409.84
100.40%
Operating Profit Margin (Excl OI)
53.03%
58.29%
-5.26%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is -8.05% vs 45.52% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 100.40% vs -31.38% in Mar 2024

stock-summaryCompany CV
About JM Financial Ltd stock-summary
stock-summary
JM Financial Ltd
Small Cap
Holding Company
JM Financial Limited was incorporated as a Private Limited Company under the name of 'J.M. Share and Stock Brokers Private Limited' on January 30, 1986. Subsequently, the Company became a deemed Public Limited Company upon its promoter, J. M. Financial & Investment Consultancy Services Private Limited becoming a deemed Public Limited Company on June 15, 1988. On September 15, 2004, the name of the Company was changed to JM Financial Limited.
Company Coordinates stock-summary
Company Details
7th Floor Cnergy Prabhadevi, Appasaheb Marathe Marg Mumbai Maharashtra : 400025
stock-summary
Tel: 91-22-66303030
stock-summary
shareholdergrievance@jmfl.com
Registrar Details
Karvy Computershare Pvt Ltd., Karvy Selenium, Tower-B Plot No 31 & 32, Survey No 116/22, 115/24, 115/25, Financial District, Nanakramguda, Serilingampally, Mandal Ranga Reddy Dist, Hyderabad