JM Financial Limited provides a range of financial products and services to corporations, financial institutions, high net-worth individuals, and retail investors in India.
Adequate balance sheet with questionable track record.
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.
7 Day Return
IN Capital Markets
1 Year Return
IN Capital Markets
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.
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
17 hours ago | Simply Wall StInvestors Continue Waiting On Sidelines For JM Financial Limited (NSE:JMFINANCIL)
1 month ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In JM Financial Limited (NSE:JMFINANCIL)
2 months ago | Simply Wall StIntroducing JM Financial (NSE:JMFINANCIL), A Stock That Climbed 48% In The Last Five Years
Is JM Financial undervalued compared to its fair value and its price relative to the market?
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).
How is JM Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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%).
How has JM Financial performed over the past 5 years?
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.
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.
What is JM Financial current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
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.
|Group MD & Director||3.75yrs||₹20.12m||1.63% ₹1.3b|
|Non Executive & Independent Director||7.75yrs||₹2.79m||0.0012% ₹938.4k|
|Non Executive & Independent Director||5.33yrs||₹2.64m||no data|
|Non Executive & Independent Director||16.17yrs||₹3.02m||no data|
|Non-Executive Chairman||3.83yrs||₹705.00k||13.21% ₹10.3b|
|Non-Executive & Independent Director||14.08yrs||₹2.59m||no data|
|Non Executive & Independent Director||10.33yrs||₹3.06m||no data|
|Non Executive & Independent Director||12.75yrs||₹2.82m||no data|
Experienced Board: JMFINANCIL's board of directors are considered experienced (9 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.2%.
JM Financial Limited's company bio, employee growth, exchange listings and data sources
- 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
- JM Financial Limited
- 7th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|523405||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jan 2002|
|JMFINANCIL||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jan 2002|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 12:53|
|End of Day Share Price||2020/07/13 00:00|
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.