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JM Financial

NSEI:JMFINANCIL
Snowflake Description

High growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JMFINANCIL
NSEI
₹73B
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

JM Financial Limited provides a range of financial products and services to corporations, financial institutions, high net-worth individuals, and retail investors in India and internationally. The last earnings update was 47 days ago. More info.


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JMFINANCIL Share Price and Events
7 Day Returns
-3.2%
NSEI:JMFINANCIL
-2.2%
IN Capital Markets
-1.8%
IN Market
1 Year Returns
-32.5%
NSEI:JMFINANCIL
-36.1%
IN Capital Markets
-1.3%
IN Market
JMFINANCIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JM Financial (JMFINANCIL) -3.2% 6.4% -6.3% -32.5% 64.2% 115.9%
IN Capital Markets -2.2% -4.4% -10.7% -36.1% 27.4% 46.5%
IN Market -1.8% 3.6% -0% -1.3% 31.8% 41.4%
1 Year Return vs Industry and Market
  • JMFINANCIL outperformed the Capital Markets industry which returned -36.1% over the past year.
  • JMFINANCIL underperformed the Market in India which returned -1.3% over the past year.
Price Volatility
JMFINANCIL
Industry
5yr Volatility vs Market

JMFINANCIL Value

 Is JM Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JM Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JM Financial.

NSEI:JMFINANCIL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹74.69 * 15.9%
₹11.86
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. ₹74.69
Discount Rate (Cost of Equity) See below 19.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:JMFINANCIL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.696 (1 + (1- 35%) (191.58%))
1.377
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.377 * 8.6%)
19.39%

Discounted Cash Flow Calculation for NSEI:JMFINANCIL using Excess Returns Model Model

The calculations below outline how an intrinsic value for JM Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NSEI:JMFINANCIL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.9% – 19.39%) * ₹74.69)
₹-2.62
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-2.62 / (19.39% - 7.55%)
₹-22.12
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹74.69 + ₹-22.12
₹52.57
NSEI:JMFINANCIL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹52.72
Current discount Discount to share price of ₹87.10
= -1 x (₹87.10 - ₹52.72) / ₹52.72
-65.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of JM Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JM Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JM Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:JMFINANCIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹6.82
BSE:523405 Share Price ** BSE (2019-06-17) in INR ₹86.85
India Capital Markets Industry PE Ratio Median Figure of 181 Publicly-Listed Capital Markets Companies 15.96x
India Market PE Ratio Median Figure of 2,826 Publicly-Listed Companies 15.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JM Financial.

NSEI:JMFINANCIL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:523405 Share Price ÷ EPS (both in INR)

= 86.85 ÷ 6.82

12.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JM Financial is good value based on earnings compared to the IN Capital Markets industry average.
  • JM Financial is good value based on earnings compared to the India market.
Price based on expected Growth
Does JM Financial's expected growth come at a high price?
Raw Data
NSEI:JMFINANCIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
28.5%per year
India Capital Markets Industry PEG Ratio Median Figure of 11 Publicly-Listed Capital Markets Companies 1.76x
India Market PEG Ratio Median Figure of 522 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

NSEI:JMFINANCIL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.73x ÷ 28.5%

0.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JM Financial is good value based on expected growth next year.
Price based on value of assets
What value do investors place on JM Financial's assets?
Raw Data
NSEI:JMFINANCIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹61.03
BSE:523405 Share Price * BSE (2019-06-17) in INR ₹86.85
India Capital Markets Industry PB Ratio Median Figure of 268 Publicly-Listed Capital Markets Companies 0.61x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 1x
NSEI:JMFINANCIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:523405 Share Price ÷ Book Value per Share (both in INR)

= 86.85 ÷ 61.03

1.42x

* Primary Listing of JM Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JM Financial is overvalued based on assets compared to the IN Capital Markets industry average.
X
Value checks
We assess JM Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. JM Financial has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JMFINANCIL Future Performance

 How is JM Financial expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JM Financial expected to grow at an attractive rate?
  • JM Financial's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • JM Financial's earnings growth is expected to exceed the India market average.
  • JM Financial's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:JMFINANCIL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:JMFINANCIL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 28.5%
NSEI:JMFINANCIL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 35%
India Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
India Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:JMFINANCIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:JMFINANCIL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 46,887 10,470 1
2020-03-31 41,151 8,803 1
NSEI:JMFINANCIL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 21,324 5,722
2018-12-31 22,346 6,393
2018-09-30 22,212 6,592
2018-06-30 21,221 6,469
2018-03-31 20,706 -20,040 6,309
2017-12-31 19,531 5,930
2017-09-30 18,044 5,435
2017-06-30 17,013 5,123
2017-03-31 15,547 -25,456 4,702
2016-12-31 13,831 4,331
2016-09-30 12,647 4,316
2016-06-30 11,754 4,142

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JM Financial's earnings are expected to grow significantly at over 20% yearly.
  • JM Financial's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:JMFINANCIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from JM Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:JMFINANCIL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 12.00 12.00 12.00 1.00
2020-03-31 11.00 11.00 11.00 1.00
NSEI:JMFINANCIL Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 6.82
2018-12-31 7.65
2018-09-30 8.00
2018-06-30 7.95
2018-03-31 7.86
2017-12-31 7.43
2017-09-30 6.83
2017-06-30 6.45
2017-03-31 5.93
2016-12-31 5.48
2016-09-30 5.47
2016-06-30 5.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • JM Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess JM Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JM Financial has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JMFINANCIL Past Performance

  How has JM Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JM Financial's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JM Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • JM Financial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • JM Financial's 1-year earnings growth is negative, it can't be compared to the IN Capital Markets industry average.
Earnings and Revenue History
JM Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JM Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:JMFINANCIL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 21,324.35 5,721.79 4,216.16
2018-12-31 22,345.79 6,393.42 4,264.56
2018-09-30 22,212.04 6,591.97 4,259.04
2018-06-30 21,221.21 6,468.68 4,110.23
2018-03-31 20,706.00 6,309.20 4,041.20
2017-12-31 19,530.70 5,929.70 3,920.70
2017-09-30 18,043.88 5,434.80 3,740.89
2017-06-30 17,012.80 5,122.99 3,523.17
2017-03-31 15,546.90 4,702.00 3,206.20
2016-12-31 13,830.51 4,330.89 3,111.81
2016-09-30 12,646.76 4,315.95 2,939.03
2016-06-30 11,754.18 4,142.00 2,784.80
2016-03-31 11,527.50 4,004.60 2,775.60
2015-12-31 10,808.24 3,796.73 3,054.52
2015-09-30 10,406.61 3,495.89 3,003.07
2015-06-30 10,214.39 3,445.24 3,119.88
2015-03-31 9,451.90 3,305.20 2,479.80
2014-12-31 8,501.31 2,970.01 3,060.94
2014-09-30 7,536.96 2,541.34 2,898.99
2014-06-30 6,603.53 2,123.43 2,638.89
2014-03-31 6,634.90 2,095.30 2,703.70
2013-12-31 6,930.00 2,198.55 2,684.28
2013-09-30 7,087.78 2,198.32 2,770.49
2013-06-30 6,884.05 2,031.49 2,752.25
2013-03-31 6,618.20 1,829.20 2,669.00
2012-12-31 6,407.02 1,539.40 2,594.67
2012-09-30 5,957.06 1,384.95 2,515.68
2012-06-30 5,888.40 1,320.60 2,487.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JM Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • JM Financial used its assets less efficiently than the IN Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if JM Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess JM Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JM Financial has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JMFINANCIL Health

 How is JM Financial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JM Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JM Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JM Financial's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JM Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JM Financial Company Filings, last reported 2 months ago.

NSEI:JMFINANCIL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 77,661.36 139,911.06 12,822.45
2018-12-31 75,488.82 181,537.61 11,947.85
2018-09-30 75,488.82 181,537.61 11,947.85
2018-06-30 57,929.10 146,813.90 14,965.30
2018-03-31 57,929.10 146,813.90 14,965.30
2017-12-31 49,393.40 143,472.90 8,607.10
2017-09-30 47,011.87 138,257.18 21,090.42
2017-06-30 45,020.00 119,290.00
2017-03-31 44,284.90 108,031.60 8,789.20
2016-12-31 41,990.00 87,180.00
2016-09-30 41,330.02 84,014.09 7,699.33
2016-06-30 35,780.20 66,728.60 15,219.40
2016-03-31 35,780.20 66,728.60 15,219.40
2015-12-31 34,093.43 54,224.14 4,635.15
2015-09-30 34,093.43 54,224.14 4,635.15
2015-06-30 31,975.70 47,238.80 11,918.80
2015-03-31 31,975.70 47,238.80 11,918.80
2014-12-31 25,288.87 44,848.74 11,855.01
2014-09-30 25,288.87 44,848.74 11,855.01
2014-06-30 23,621.10 29,926.60 15,083.90
2014-03-31 23,621.10 29,929.60 15,083.90
2013-12-31 23,333.35 25,483.38 11,533.08
2013-09-30 23,333.35 25,483.38 11,533.08
2013-06-30 22,009.50 42,691.40 20,171.50
2013-03-31 22,009.50 41,979.90 20,171.60
2012-12-31 21,819.55 37,952.00 19,942.87
2012-09-30 21,819.55 37,952.00 19,942.87
2012-06-30 20,947.40 32,052.30 21,296.50
  • JM Financial's level of debt (180.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (126.7% vs 180.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on JM Financial's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess JM Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JM Financial has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JMFINANCIL Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.15%
Current annual income from JM Financial dividends. Estimated to be 2.3% next year.
If you bought ₹2,000 of JM Financial shares you are expected to receive ₹23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JM Financial's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • JM Financial's dividend is below the markets top 25% of dividend payers in India (2.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:JMFINANCIL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1449 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:JMFINANCIL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 2.00 1.00
2020-03-31 2.00 1.00
NSEI:JMFINANCIL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-02 1.000 1.146
2019-01-23 1.600 1.917
2018-06-19 1.800 1.871
2018-05-02 1.800 1.343
2018-01-19 1.550 1.094
2017-05-02 1.500 1.089
2016-05-13 1.450 2.161
2016-02-03 1.400 3.597
2015-07-06 1.600 3.715
2015-05-29 1.600 3.523
2014-05-06 1.000 2.305
2014-01-29 0.950 3.633
2013-08-01 1.000 4.003
2013-02-07 0.800 3.911
2012-08-14 0.600 3.364
2011-05-25 0.600 3.840
2010-05-26 0.250 0.807
2010-05-25 0.250 0.809
2009-09-11 0.200 0.499

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of JM Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.4x coverage).
X
Income/ dividend checks
We assess JM Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JM Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JM Financial has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JMFINANCIL Management

 What is the CEO of JM Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vishal Kampani
COMPENSATION ₹14,189,684
TENURE AS CEO 2.7 years
CEO Bio

Mr. Vishal N. Kampani has been Group Managing Director at JM Financial Ltd since August 2018 and served as its Managing Director from October 1, 2016 to August 2018. Mr. Kampani served as the Managing Director of Institutional Securities Group at JM Financial Limited until October 19, 2016. Mr. Kampani serves as Managing Director of JM Financial Products Limited. Mr. Kampani serves as the Chairman and Managing Director at JM Financial Investment. He serves as Co-Head of the Corporate Finance Group at JM Financial Consultants Pvt. Ltd. (earlier known as JM Morgan Stanley Private Limited). Prior to working in India, Mr. Kampani was working with Morgan Stanley Dean Witter at New York, USA. He worked on convertible products as a part of the Equity Capital Markets Services Group. He serves as a Director of JM Financial Asset Management Private Limited and JM Financial Products Limited. Mr. Kampani is a Director of JM Financial Capital Ltd. since April 18, 2017 and serves as its Non-Executive Chairman. Mr. Kampani serves as a Member of Board of Directors of JM Financial Investment Managers Ltd. He has been a Director at JM Financial Limited since February 2016. He served as an Independent Director at Spandana Sphoorty Financial Limited. Mr. Kampani is graduate in M. S. (Finance) from London Business School, University of London and also is Master of Commerce from University of Mumbai.

CEO Compensation
  • Vishal's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Vishal's remuneration is lower than average for companies of similar size in India.
Management Team

Vishal Kampani

TITLE
Group MD & Director
COMPENSATION
₹14M
TENURE
2.7 yrs

Manish Sheth

TITLE
Group Chief Financial Officer
COMPENSATION
₹4M

Anil Salvi

TITLE
Group Head of Human Resources & Administration

Prashant Choksi

TITLE
Group Head of Compliance

Subodh Shinkar

TITLE
MD and CEO of Investment Advisory & Distribution

Atul Mehra

TITLE
MD & Co-CEO of Investment Banking Business
AGE
51

Adi Patel

TITLE
MD & Co-CEO of Investment Banking

Greg Terry

TITLE
Executive Vice Chairman - Asia Pacific Ex-India

Shashwat Belapurkar

TITLE
MD & CEO of Fixed Income & Lending - Commercial Real Estate & Debt Capital Market

Vipul Shah

TITLE
MD & CO- Head of Wealth Group
AGE
49
Board of Directors Tenure

Average tenure and age of the JM Financial board of directors in years:

8
Average Tenure
73
Average Age
  • The tenure for the JM Financial board of directors is about average.
Board of Directors

Nimesh Kampani

TITLE
Non-Executive Chairman
COMPENSATION
₹2M
AGE
72
TENURE
2.8 yrs

Vishal Kampani

TITLE
Group MD & Director
COMPENSATION
₹14M
TENURE
3.3 yrs

Vaddarse Shetty

TITLE
Non-Executive Chairman of JM Financial Asset Reconstruction Company Pvt Ltd
AGE
71

Eknath Kshirsagar

TITLE
Non Executive & Independent Director
COMPENSATION
₹3M
AGE
77
TENURE
15.1 yrs

Vijay Kelkar

TITLE
Non Executive & Independent Director
COMPENSATION
₹3M
AGE
76
TENURE
9.3 yrs

Darius Udwadia

TITLE
Non-Executive & Independent Director
COMPENSATION
₹3M
AGE
79
TENURE
13 yrs

Paul Zuckerman

TITLE
Non Executive & Independent Director
COMPENSATION
₹3M
AGE
73
TENURE
11.7 yrs

Keki Dadiseth

TITLE
Non Executive & Independent Director
COMPENSATION
₹3M
AGE
73
TENURE
6.7 yrs

Jagi Panda

TITLE
Non Executive & Independent Director
COMPENSATION
₹3M
AGE
52
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • JM Financial insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
13. Jun 19 Sell Bhanu Katoch Individual 11. Jun 19 12. Jun 19 -20,000 ₹89.73 ₹-1,781,782
03. Jun 19 Sell Nikhil Chandak Individual 28. May 19 28. May 19 -64,340 ₹91.61 ₹-5,894,500
31. May 19 Sell Bhanu Katoch Individual 29. May 19 29. May 19 -10,000 ₹93.97 ₹-939,662
31. May 19 Sell Bhanu Katoch Individual 30. May 19 30. May 19 -10,000 ₹95.43 ₹-954,300
29. May 19 Sell Vatsal Neelakantan Individual 24. May 19 24. May 19 -15,000 ₹89.91 ₹-1,348,665
29. May 19 Sell Kshitij Neelakantan Individual 24. May 19 24. May 19 -15,000 ₹90.00 ₹-1,349,975
29. May 19 Buy Vishal Kampani Individual 24. May 19 24. May 19 2,094 ₹89.09 ₹186,554
29. May 19 Sell Dipti Neelakantan Individual 24. May 19 24. May 19 -10,000 ₹89.97 ₹-899,663
27. May 19 Buy Karan Uberoi Individual 23. May 19 24. May 19 200,000 ₹90.05 ₹17,868,886
27. May 19 Sell Vatsal Neelakantan Individual 22. May 19 23. May 19 -34,000 ₹88.64 ₹-2,985,839
27. May 19 Sell Kshitij Neelakantan Individual 22. May 19 23. May 19 -32,012 ₹88.48 ₹-2,831,906
27. May 19 Sell Bhanu Katoch Individual 23. May 19 24. May 19 -30,000 ₹89.59 ₹-2,665,911
27. May 19 Buy Vishal Kampani Individual 23. May 19 23. May 19 72,906 ₹88.03 ₹6,417,814
27. May 19 Sell Dipti Neelakantan Individual 22. May 19 23. May 19 -29,000 ₹88.55 ₹-2,555,899
23. May 19 Sell Bhanu Katoch Individual 21. May 19 22. May 19 -11,000 ₹86.01 ₹-932,929
21. May 19 Sell Bhanu Katoch Individual 20. May 19 20. May 19 -30,000 ₹85.43 ₹-2,562,809
16. May 19 Sell Bhanu Katoch Individual 15. May 19 15. May 19 -10,000 ₹81.66 ₹-816,550
15. May 19 Sell Bhanu Katoch Individual 13. May 19 14. May 19 -15,000 ₹79.94 ₹-1,197,992
13. May 19 Sell Bhanu Katoch Individual 10. May 19 10. May 19 -10,000 ₹80.99 ₹-809,929
13. May 19 Sell Dipti Neelakantan Individual 08. May 19 08. May 19 -2,000 ₹84.94 ₹-169,880
10. May 19 Sell Bhanu Katoch Individual 09. May 19 09. May 19 -6,000 ₹82.46 ₹-494,733
09. May 19 Sell Bhanu Katoch Individual 07. May 19 08. May 19 -14,000 ₹85.53 ₹-1,189,144
03. Apr 19 Sell Dipti Neelakantan Individual 01. Apr 19 01. Apr 19 -1,000 ₹94.93 ₹-94,930
03. Apr 19 Sell Vatsal Neelakantan Individual 01. Apr 19 01. Apr 19 -1,000 ₹94.93 ₹-94,930
03. Apr 19 Sell Kshitij Neelakantan Individual 01. Apr 19 01. Apr 19 -1,000 ₹94.93 ₹-94,930
03. Apr 19 Sell Bhanu Katoch Individual 01. Apr 19 02. Apr 19 -15,000 ₹92.15 ₹-1,371,778
01. Apr 19 Sell Vatsal Neelakantan Individual 29. Mar 19 29. Mar 19 -3,000 ₹95.06 ₹-285,190
01. Apr 19 Sell Kshitij Neelakantan Individual 29. Mar 19 29. Mar 19 -3,000 ₹95.10 ₹-285,290
01. Apr 19 Sell Bhanu Katoch Individual 29. Mar 19 29. Mar 19 -2,000 ₹95.05 ₹-190,110
01. Apr 19 Sell Dipti Neelakantan Individual 29. Mar 19 29. Mar 19 -3,252 ₹94.98 ₹-308,886
29. Mar 19 Sell Vatsal Neelakantan Individual 27. Mar 19 28. Mar 19 -3,000 ₹94.40 ₹-281,833
29. Mar 19 Sell Kshitij Neelakantan Individual 27. Mar 19 28. Mar 19 -3,000 ₹868.55 ₹-1,057,338
29. Mar 19 Sell Bhanu Katoch Individual 27. Mar 19 28. Mar 19 -18,000 ₹94.93 ₹-1,646,172
29. Mar 19 Sell Dipti Neelakantan Individual 27. Mar 19 28. Mar 19 -2,748 ₹94.54 ₹-258,301
27. Mar 19 Sell Bhanu Katoch Individual 25. Mar 19 26. Mar 19 -8,000 ₹88.94 ₹-693,235
22. Mar 19 Sell Vatsal Neelakantan Individual 19. Mar 19 20. Mar 19 -6,000 ₹93.95 ₹-562,656
22. Mar 19 Sell Kshitij Neelakantan Individual 19. Mar 19 20. Mar 19 -6,000 ₹93.93 ₹-562,586
22. Mar 19 Sell Bhanu Katoch Individual 19. Mar 19 20. Mar 19 -20,000 ₹93.93 ₹-1,865,854
22. Mar 19 Sell Dipti Neelakantan Individual 19. Mar 19 20. Mar 19 -6,000 ₹93.87 ₹-562,346
19. Mar 19 Sell Vatsal Neelakantan Individual 15. Mar 19 15. Mar 19 -2,000 ₹91.44 ₹-182,880
19. Mar 19 Sell Kshitij Neelakantan Individual 15. Mar 19 15. Mar 19 -2,000 ₹91.44 ₹-182,880
19. Mar 19 Sell Dipti Neelakantan Individual 15. Mar 19 15. Mar 19 -2,000 ₹91.44 ₹-182,880
15. Mar 19 Sell Bhanu Katoch Individual 13. Mar 19 14. Mar 19 -13,500 ₹87.58 ₹-1,154,649
13. Mar 19 Sell Bhanu Katoch Individual 08. Mar 19 11. Mar 19 -13,000 ₹85.96 ₹-1,107,287
08. Mar 19 Sell Bhanu Katoch Individual 07. Mar 19 07. Mar 19 -6,500 ₹90.65 ₹-589,252
07. Mar 19 Sell Bhanu Katoch Individual 05. Mar 19 06. Mar 19 -13,500 ₹86.97 ₹-1,149,998
01. Mar 19 Sell Bhanu Katoch Individual 27. Feb 19 27. Feb 19 -4,000 ₹75.48 ₹-301,909
27. Feb 19 Sell Bhanu Katoch Individual 25. Feb 19 25. Feb 19 -4,000 ₹76.00 ₹-303,990
21. Feb 19 Sell Bhanu Katoch Individual 20. Feb 19 20. Feb 19 -4,000 ₹75.23 ₹-300,936
21. Feb 19 Buy Vishal Kampani Individual 20. Feb 19 20. Feb 19 10,959 ₹76.20 ₹835,052
20. Feb 19 Sell Bhanu Katoch Individual 18. Feb 19 18. Feb 19 -4,000 ₹74.13 ₹-296,514
20. Feb 19 Buy Vishal Kampani Individual 18. Feb 19 18. Feb 19 39,041 ₹74.96 ₹2,926,425
18. Feb 19 Sell Bhanu Katoch Individual 14. Feb 19 14. Feb 19 -4,000 ₹75.96 ₹-303,824
13. Feb 19 Sell Bhanu Katoch Individual 12. Feb 19 12. Feb 19 -2,000 ₹75.23 ₹-150,456
08. Feb 19 Sell Bhanu Katoch Individual 06. Feb 19 06. Feb 19 -2,000 ₹75.46 ₹-150,919
05. Feb 19 Sell Bhanu Katoch Individual 01. Feb 19 04. Feb 19 -4,000 ₹79.88 ₹-312,194
09. Jan 19 Sell Bhanu Katoch Individual 04. Jan 19 07. Jan 19 -4,000 ₹90.19 ₹-359,560
02. Jan 19 Sell Anil Bhatia Individual 28. Dec 18 28. Dec 18 -40,799 ₹91.61 ₹-3,737,750
02. Jan 19 Sell Dipti Neelakantan Individual 31. Dec 18 31. Dec 18 -1,000 ₹93.93 ₹-93,930
01. Jan 19 Sell Bhanu Katoch Individual 28. Dec 18 31. Dec 18 -4,000 ₹92.97 ₹-365,805
01. Jan 19 Sell Dipti Neelakantan Individual 27. Dec 18 28. Dec 18 -6,000 ₹92.60 ₹-549,333
03. Jan 19 Sell Bhanu Katoch Individual 02. Jan 19 02. Jan 19 -2,000 ₹90.24 ₹-180,481
27. Dec 18 Sell Bhanu Katoch Individual 26. Dec 18 26. Dec 18 -2,000 ₹87.04 ₹-174,075
24. Dec 18 Sell Bhanu Katoch Individual 07. Dec 18 21. Dec 18 -4,000 ₹90.94 ₹-348,868
12. Dec 18 Sell Bhanu Katoch Individual 11. Dec 18 11. Dec 18 -2,000 ₹82.81 ₹-165,613
07. Dec 18 Buy Vishal Kampani Individual 05. Dec 18 05. Dec 18 50,000 ₹85.61 ₹4,280,358
05. Dec 18 Sell Bhanu Katoch Individual 30. Nov 18 03. Dec 18 -4,000 ₹86.64 ₹-345,364
29. Nov 18 Sell Bhanu Katoch Individual 28. Nov 18 28. Nov 18 -2,000 ₹85.44 ₹-170,880
27. Nov 18 Sell Bhanu Katoch Individual 26. Nov 18 26. Nov 18 -2,000 ₹86.12 ₹-172,236
26. Nov 18 Buy Vishal Kampani Individual 22. Nov 18 22. Nov 18 150,000 ₹88.46 ₹13,268,703
26. Nov 18 Sell Dipti Neelakantan Individual 22. Nov 18 22. Nov 18 -1,000 ₹88.94 ₹-88,940
22. Nov 18 Buy Vishal Kampani Individual 19. Nov 18 20. Nov 18 50,000 ₹85.11 ₹4,254,193
19. Nov 18 Buy Gunjan Singhal Individual 15. Nov 18 16. Nov 18 12,000 ₹86.43 ₹1,025,240
19. Nov 18 Buy Vishal Kampani Individual 16. Nov 18 16. Nov 18 50,000 ₹86.02 ₹4,300,959
16. Nov 18 Sell Dipti Neelakantan Individual 14. Nov 18 14. Nov 18 -2,000 ₹80.94 ₹-161,880
15. Nov 18 Buy Vishal Kampani Individual 14. Nov 18 14. Nov 18 150,000 ₹80.07 ₹12,011,214
14. Nov 18 Buy Vishal Kampani Individual 12. Nov 18 13. Nov 18 150,000 ₹77.70 ₹11,620,728
12. Nov 18 Buy Vishal Kampani Individual 09. Nov 18 09. Nov 18 150,000 ₹78.56 ₹11,783,593
12. Nov 18 Sell Dipti Neelakantan Individual 07. Nov 18 09. Nov 18 -1,500 ₹78.44 ₹-116,986
05. Nov 18 Sell Dipti Neelakantan Individual 02. Nov 18 02. Nov 18 -500 ₹78.94 ₹-39,470
01. Nov 18 Buy Gunjan Singhal Individual 30. Oct 18 31. Oct 18 5,000 ₹73.54 ₹361,333
01. Nov 18 Sell Dipti Neelakantan Individual 31. Oct 18 31. Oct 18 -1,000 ₹76.45 ₹-76,450
30. Oct 18 Buy Sandeep Dongre Individual 29. Oct 18 29. Oct 18 500 ₹69.82 ₹34,909
19. Sep 18 Sell Bhanu Katoch Individual 18. Sep 18 18. Sep 18 -1,000 ₹108.04 ₹-108,043
12. Sep 18 Sell Bhanu Katoch Individual 10. Sep 18 10. Sep 18 -1,000 ₹116.42 ₹-116,420
27. Jun 18 Buy Ajith Menon Individual 26. Jun 18 26. Jun 18 300 ₹116.83 ₹35,049
27. Jun 18 Buy Nikhil Panjwani Individual 26. Jun 18 26. Jun 18 609 ₹118.58 ₹72,215
25. Jun 18 Buy Siddharth Kasbekar Individual 25. Jun 18 25. Jun 18 100 ₹120.08 ₹12,008
25. Jun 18 Buy Nikhil Panjwani Individual 25. Jun 18 25. Jun 18 3,891 ₹119.34 ₹464,340
X
Management checks
We assess JM Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JM Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JMFINANCIL News

Simply Wall St News

Does JM Financial Limited (NSE:JMFINANCIL) Have A Place In Your Dividend Portfolio?

Could JM Financial Limited (NSE:JMFINANCIL) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. While JM Financial's 1.1% dividend yield is not the highest, we think its lengthy payment history is quite interesting. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see JM Financial has grown its earnings per share at 20% per annum over the past five years.

Simply Wall St -

Before You Buy JM Financial Limited (NSE:JMFINANCIL), Consider Its Volatility

If you're interested in JM Financial Limited (NSE:JMFINANCIL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

At ₹85.70, Is It Time To Put JM Financial Limited (NSE:JMFINANCIL) On Your Watch List?

I find that JM Financial’s ratio of 12.59x is trading slightly below its industry peers’ ratio of 14.97x, which means if you buy JM Financial today, you’d be paying a reasonable price for it. … And if you believe JM Financial should be trading in this range, then there isn’t much room for the share price grow beyond where it’s currently trading. … JMFINANCIL’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Do You Know What JM Financial Limited's (NSE:JMFINANCIL) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to JM Financial Limited's (NSE:JMFINANCIL), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Why Fundamental Investors Might Love JM Financial Limited (NSE:JMFINANCIL)

Attractive stocks have exceptional fundamentals. … In the case of JM Financial Limited (NSE:JMFINANCIL), there's … of dividend payments as well as

Simply Wall St -

Does JM Financial Limited's (NSE:JMFINANCIL) CEO Pay Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Vishal Kampani's Compensation Compare With Similar Sized Companies. … Our data indicates that JM Financial Limited is worth ₹79b, and total annual CEO compensation is ₹14m.

Simply Wall St -

How Much Are JM Financial Limited (NSE:JMFINANCIL) Insiders Spending On Buying Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in JM Financial Limited (NSE:JMFINANCIL). … In the last twelve months there was more buying than selling by JM Financial insiders

Simply Wall St -

How Does JM Financial Limited (NSE:JMFINANCIL) Fare As A Dividend Stock?

Historically, JM Financial Limited (NSE:JMFINANCIL) has paid a dividend to shareholders. … Does JM Financial tick all the boxes of a great dividend stock? … 5 checks you should use to assess a dividend stock

Simply Wall St -

Does JM Financial Limited (NSE:JMFINANCIL) Have A Volatile Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

JM Financial Limited (NSE:JMFINANCIL): 4 Days To Buy Before The Ex-Dividend Date

JM Financial Limited (NSE:JMFINANCIL) will be distributing its dividend of ₹0.50 per share on the 22 February 2019, and will start trading ex-dividend in 4 days time on the 31 January 2019. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate

Simply Wall St -

JMFINANCIL Company Info

Description

JM Financial Limited provides a range of financial products and services to corporations, financial institutions, high net-worth individuals, and retail investors in India and internationally. It operates through four segments: Investment Banking & Securities Business, Fund Based Activities, Alternative Asset Management, and Asset Management. The Investment Banking & Securities Business segment offers advisory and execution services, and wealth advisory services; and distributes financial products in an open architecture environment through a network of franchisees and independent financial distributors. It also provides institutional and non-institutional equity sales, trading, research, broking and distribution, portfolio management, and depository participant services. The Fund Based Activities segment offers finance against securities/commercial real estate to a range of corporates and non-corporate clients; and trades in corporate bonds and government securities, as well as engages in identifies, acquires, and sells down debt assets through a range of structured products. It is also involved in the securitization and reconstruction of financial assets. The Alternative Asset Management segment manages funds of institutional and large non-institutional investors raised under various schemes for investments under mandated charter, such as private equity and real estate fund. The Asset management segment manages mutual fund assets through various schemes; and offers a range of investment options to various investors. The company was founded in 1973 and is based in Mumbai, India.

Details
Name: JM Financial Limited
JMFINANCIL
Exchange: NSEI
Founded: 1973
₹73,029,453,890
840,868,784
Website: http://www.jmfl.com
Address: JM Financial Limited
Cnergy,
7th Floor,
Mumbai,
Maharashtra, 400025,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 523405 Equity Shares Mumbai Stock Exchange IN INR 09. Jan 2002
NSEI JMFINANCIL Equity Shares National Stock Exchange of India IN INR 09. Jan 2002
Number of employees
Current staff
Staff numbers
1,583
JM Financial employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 12:57
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.