BSE:523405

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Executive Summary

JM Financial Limited provides a range of financial products and services to corporations, financial institutions, high net-worth individuals, and retail investors in India. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has JM Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 523405 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.6%

523405

1.3%

IN Capital Markets

1.2%

IN Market


1 Year Return

9.4%

523405

-0.3%

IN Capital Markets

2.6%

IN Market

Return vs Industry: 523405 exceeded the Indian Capital Markets industry which returned -0.3% over the past year.

Return vs Market: 523405 exceeded the Indian Market which returned 2.6% over the past year.


Shareholder returns

523405IndustryMarket
7 Day4.6%1.3%1.2%
30 Day4.2%3.3%4.8%
90 Day3.2%0.2%7.6%
1 Year9.7%9.4%1.2%-0.3%4.3%2.6%
3 Year-50.8%-52.1%-36.2%-38.6%-0.7%-5.5%
5 Year111.3%95.2%43.2%32.3%41.4%30.9%

Price Volatility Vs. Market

How volatile is JM Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is JM Financial undervalued compared to its fair value and its price relative to the market?

13.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 523405 (₹79.85) is trading above our estimate of fair value (₹20.81)

Significantly Below Fair Value: 523405 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 523405 is good value based on its PE Ratio (13.5x) compared to the IN Capital Markets industry average (16x).

PE vs Market: 523405 is good value based on its PE Ratio (13.5x) compared to the Indian market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: 523405 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 523405 is overvalued based on its PB Ratio (1.2x) compared to the IN Capital Markets industry average (0.5x).


Next Steps

Future Growth

How is JM Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

18.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 523405's forecast earnings growth (18.2% per year) is above the savings rate (7.2%).

Earnings vs Market: 523405's earnings (18.2% per year) are forecast to grow slower than the Indian market (25.7% per year).

High Growth Earnings: 523405's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 523405's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 523405's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 523405's Return on Equity is forecast to be low in 3 years time (9.9%).


Next Steps

Past Performance

How has JM Financial performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523405 has high quality earnings.

Growing Profit Margin: 523405's current net profit margins (26.1%) are lower than last year (26.4%).


Past Earnings Growth Analysis

Earnings Trend: 523405's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: 523405's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 523405 had negative earnings growth (-8.1%) over the past year, making it difficult to compare to the Capital Markets industry average (-6.2%).


Return on Equity

High ROE: 523405's Return on Equity (8.9%) is considered low.


Next Steps

Financial Health

How is JM Financial's financial position?


Financial Position Analysis

Short Term Liabilities: 523405's short term assets (₹202.6B) exceed its short term liabilities (₹35.6B).

Long Term Liabilities: 523405's short term assets (₹202.6B) exceed its long term liabilities (₹90.6B).


Debt to Equity History and Analysis

Debt Level: 523405's debt to equity ratio (144.5%) is considered high.

Reducing Debt: 523405's debt to equity ratio has reduced from 147.9% to 144.5% over the past 5 years.

Debt Coverage: 523405's debt is well covered by operating cash flow (26.9%).

Interest Coverage: Insufficient data to determine if 523405's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is JM Financial current dividend yield, its reliability and sustainability?

0.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 523405's dividend (0.25%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.55%).

High Dividend: 523405's dividend (0.25%) is low compared to the top 25% of dividend payers in the Indian market (2.28%).


Stability and Growth of Payments

Stable Dividend: 523405 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 523405 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 523405 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 523405's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.0yrs

Average board tenure


CEO

Vishal Kampani

4yrs

Tenure

₹20,117,481

Compensation

Mr. Vishal Nimesh Kampani serves as a Non Executive Director of JM Financial Home Loans Limited since August 2020 and served as its Additional Non Executive Director since July 9, 2019 until August 2020. M ...


CEO Compensation Analysis

Compensation vs Market: Vishal's total compensation ($USD272.51K) is about average for companies of similar size in the Indian market ($USD388.37K).

Compensation vs Earnings: Vishal's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Vishal Kampani
Group MD & Director4yrs₹20.12m1.31%
₹ 993.4m
Keki Dadiseth
Non Executive & Independent Director8yrs₹2.79m0.0012%
₹ 912.4k
Jagi Panda
Non Executive & Independent Director5.58yrs₹2.64mno data
Eknath Kshirsagar
Non Executive & Independent Director16.42yrs₹3.02mno data
Nimesh Kampani
Non-Executive Chairman4.08yrs₹705.00k17.64%
₹ 13.4b
Palamadai Jayakumar
Non Executive & Independent Director0.25yrno datano data
Darius Udwadia
Non-Executive & Independent Director14.33yrs₹2.59mno data
Vijay Kelkar
Non Executive & Independent Director10.58yrs₹3.06mno data
Paul Zuckerman
Non Executive & Independent Director13yrs₹2.82mno data

8.0yrs

Average Tenure

75yo

Average Age

Experienced Board: 523405's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 523405 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.2%.


Top Shareholders

Company Information

JM Financial Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JM Financial Limited
  • Ticker: 523405
  • Exchange: BSE
  • Founded: 1973
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: ₹76.035b
  • Shares outstanding: 952.22m
  • Website: https://www.jmfl.com

Number of Employees


Location

  • JM Financial Limited
  • Cnergy
  • 7th Floor
  • Mumbai
  • Maharashtra
  • 400025
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523405BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
JMFINANCILNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

JM Financial Limited provides a range of financial products and services to corporations, financial institutions, high net-worth individuals, and retail investors in India. It operates through four segment ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 13:07
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.