NSEI:JMFINANCIL

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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.


Snowflake Analysis

Adequate balance sheet with questionable track record.


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: JMFINANCIL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.4%

JMFINANCIL

4.1%

IN Capital Markets

1.1%

IN Market


1 Year Return

11.6%

JMFINANCIL

-6.6%

IN Capital Markets

-6.2%

IN Market

Return vs Industry: JMFINANCIL exceeded the Indian Capital Markets industry which returned -6.6% over the past year.

Return vs Market: JMFINANCIL exceeded the Indian Market which returned -6.2% over the past year.


Shareholder returns

JMFINANCILIndustryMarket
7 Day12.4%4.1%1.1%
30 Day11.8%17.8%7.3%
90 Day24.2%28.9%19.2%
1 Year12.0%11.6%-5.2%-6.6%-4.4%-6.2%
3 Year-32.3%-34.2%-34.9%-37.4%-2.3%-6.9%
5 Year86.2%72.1%5.9%-1.1%22.2%12.9%

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

Valuation

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

12.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JMFINANCIL (₹83.2) is trading above our estimate of fair value (₹16.73)

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


Price To Earnings Ratio

PE vs Industry: JMFINANCIL is good value based on its PE Ratio (12.8x) compared to the IN Capital Markets industry average (14.7x).

PE vs Market: JMFINANCIL is poor value based on its PE Ratio (12.8x) compared to the Indian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JMFINANCIL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JMFINANCIL 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 2 analysts?

27.2%

Forecasted Diversified Financials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if JMFINANCIL's forecast earnings growth is above the savings rate (7.2%).

Earnings vs Market: Insufficient data to determine if JMFINANCIL's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JMFINANCIL's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has JM Financial performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JMFINANCIL has high quality earnings.

Growing Profit Margin: JMFINANCIL's current net profit margins (26.6%) are lower than last year (28.1%).


Past Earnings Growth Analysis

Earnings Trend: JMFINANCIL's earnings have grown by 11% per year over the past 5 years.

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

Earnings vs Industry: JMFINANCIL had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Capital Markets industry average (-4.7%).


Return on Equity

High ROE: JMFINANCIL's Return on Equity (9.6%) is considered low.


Next Steps

Financial Health

How is JM Financial's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

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

Reducing Debt: JMFINANCIL's debt to equity ratio has reduced from 147.7% to 144.5% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if JMFINANCIL'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?

0.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JMFINANCIL's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.69%).

High Dividend: JMFINANCIL's dividend (0.24%) is low compared to the top 25% of dividend payers in the Indian market (2.72%).


Stability and Growth of Payments

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

Growing Dividend: JMFINANCIL 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: JMFINANCIL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JMFINANCIL'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?

9.0yrs

Average board tenure


CEO

Vishal Kampani

3.75yrs

Tenure

₹20,117,481

Compensation

Mr. Vishal Nimesh Kampani serves as an Additional Director of JM Financial Home Loans Limited. Mr. Kampani has been Group Managing Director at JM Financial Ltd since August 2018 and served as its Managing  ...


CEO Compensation Analysis

Compensation vs Market: Vishal's total compensation ($USD267.65K) is about average for companies of similar size in the Indian market ($USD357.33K).

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


Board Members

NamePositionTenureCompensationOwnership
Vishal Kampani
Group MD & Director3.75yrs₹20.12m1.63% 1.3b
Keki Dadiseth
Non Executive & Independent Director7.75yrs₹2.79m0.0012% 938.4k
Jagi Panda
Non Executive & Independent Director5.33yrs₹2.64mno data
Eknath Kshirsagar
Non Executive & Independent Director16.17yrs₹3.02mno data
Nimesh Kampani
Non-Executive Chairman3.83yrs₹705.00k13.21% 10.3b
Darius Udwadia
Non-Executive & Independent Director14.08yrs₹2.59mno data
Vijay Kelkar
Non Executive & Independent Director10.33yrs₹3.06mno data
Paul Zuckerman
Non Executive & Independent Director12.75yrs₹2.82mno data

9.0yrs

Average Tenure

75yo

Average Age

Experienced Board: JMFINANCIL's board of directors are considered experienced (9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: JMFINANCIL 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: JMFINANCIL
  • Exchange: NSEI
  • Founded: 1973
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: ₹78.198b
  • Shares outstanding: 951.90m
  • 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 segments: Investment Banking, Wealth Management and Securities Business; Mortgage Lending; Distressed Credit; and Asset Management. The Investment Banking, Wealth Management and Securities Business segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also provides investment advisory and distribution services, which include equity brokerage, wealth management, and capital market lending for wealth management and broking clients, as well as distributes financial products; and administers and manages private equity and real estate funds. The Mortgage Lending segment provides finance against commercial and residential real estate to a range of corporates and non-corporate clients, as well as includes housing finance business, and lending to education institutions. The Distressed Credit segment provides securitization and reconstruction of financial assets. The Asset Management segment manages mutual fund assets through various schemes by offering a range of investment options to institutional and corporate clients, as well as high net worth individuals. JM Financial Limited was founded in 1973 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 12:53
End of Day Share Price2020/07/13 00:00
Earnings2020/03/31
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.