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JM Financial (JMFINANCIL) had a P/E of 10.6× on 6 Nov 2026, below the industry P/E of 18.4×, and the shares are 32% below their 52-week high. Sales and net profit grew 19% and 26% a year over 3 years; its ROE of 12% is the lowest among the 7 largest Capital Markets peers. Debt is 1.02× equity, and its dividend yield is 1.5%. It is a small-cap company with a market cap of ₹10,663 Cr, ranked 8th of 219 Capital Markets companies by market cap; the shares fell 34% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹108.00
Day high
₹112.03
Day low
₹104.79
Prev. close
₹108.79
Volume
43.9 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsBehind

    −34.2% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 10.6 vs industry 18.4.

  • GrowthSteady

    Sales +19.1%, profit +26.2% a year over 3 years.

  • ProfitabilityWeak

    ROE 11.8% vs peer median 18.9%.

  • Balance sheetFair

    Debt 1.02× equity, Piotroski 6 of 9.

  • Red flags3 to check

    Quarterly profit down 35.7% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Capital Markets

218 listed peers. Screen the industry

Small cap

₹10,663 Cr, #8 of 219 in its industry by size.

Defensive

Beta 0.43 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹3,369 Cr · profit ₹1,040 Cr
Market cap
₹10,663 Cr
Small cap
P/E
10.6
Industry 18.4
Price to book
1.00
Peers 4.53
Dividend yield
1.54%
ROE
11.8%
Peers 18.9%
ROCE
n/a
Peers 22.1%
Debt to equity
1.02
Debt ₹11,635 Cr
EPS (TTM)
₹10.55
Face value ₹1
OPM (TTM)
47.2%
Net margin 30.9%
Sales growth
−10.3%
Latest quarter vs a year ago
Profit growth
−35.7%
Latest quarter vs a year ago
Price to sales
3.16

Strengths and risks

Strengths

  • Net margin of 30.9%.
  • P/E of 10.6 against an industry P/E of 18.4.
  • Promoter stake up from 56.6% to 58.0%.

Risks to check

  • Quarterly profit down 35.7% on a year ago.
  • Quarterly sales down 10.3% on a year ago.
  • 32% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About JM Financial

JM Financial Limited, together with its subsidiaries, provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally. It operates through Corporate Advisory and Capital Markets; Wealth and Asset Management; Private Markets; and Affordable Home Loans segments. The Corporate Advisory and Capital Markets segment…

Headquarters
Mumbai
Employees
5,250
Sector
Financial Services
ISIN
INE780C01023
Website
jmfl.com

Price range

52 weeks

₹103.00₹164.56

Today

₹104.79₹112.03
Avg volume (3M)
23.4 L
1-year return
minus 34.2%
From 52-week high
minus 32.3%

Peers · Capital Markets

Compare with peersScreen the whole industry
Company
GROWWBillionbrains Garage Ventures215.08minus 3.93%1,33,58550.313.7829.3%21.6%62.9%––0.00%plus 63.8%
MOTILALOFSMotilal Oswal Financial Services1,102.00plus 0.64%66,44825.04.2718.1%18.9%52.4%29.0%26.1%0.54%plus 11.1%
AIILAuthum Investment & Infrastructure570.05plus 0.08%48,41027.63.2915.2%13.1%74.0%44.4%−23.5%0.00%minus 0.7%
ANGELONEAngel One331.00plus 1.49%30,29026.84.5326.9%18.4%39.7%20.3%0.9%1.95%plus 29.5%
CDSLCentral Depository Services (India)1,331.40minus 0.19%27,82655.114.0329.7%26.4%51.3%27.3%18.2%0.96%minus 13.3%
CHOICEINChoice International748.20minus 0.09%16,66862.98.9017.6%15.8%35.3%42.2%53.6%0.00%minus 7.4%
IIFLCAPSIIFL Capital Services349.80plus 0.13%13,03618.83.1522.1%19.5%36.1%19.9%30.9%0.86%plus 4.1%
JMFINANCILJM Financial111.42plus 2.42%10,66310.61.00–11.8%47.2%19.1%26.2%1.54%minus 34.2%
Median of 7 peers–0.08%30,29027.64.5322.1%18.9%51.3%28.2%22.2%0.54%4.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,075901725965813
251248246247258
16.720.422.122.122.3
593400243456323
22.8%23.8%34.4%19.1%29.6%
454313165292240
4.743.271.733.052.50

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.1%
Profit CAGR 3Y
+26.2%
EPS CAGR 3Y
+26.2%
ROE
11.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,0692,6932,7223,498
–+30.2%+1.1%+28.5%
1,1791,5621,305999
41.95363.878.4
9533539971,580
25.6%92.2%22.6%25.5%
5974108211,202
–minus 31.4%+100.4%+46.3%
6.254.298.5812.55

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
95.595.695.695.6
8,0418,3959,63210,562
15,93916,22811,50711,669
5,2955,0453,2694,210
29,37029,76424,50426,537
447499514699
9,24310,28711,82713,332
5242,232540472
19,15716,74611,62312,034
29,37029,76424,50426,537

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−2,3073,6355,569581
−592−2,090−2,475−532
2,160162−4,786−116
−7391,708−1,692−67.8
−125−53.7−34−64.2
−2,4323,5815,535517
−196−86.9−196−402

Shareholding pattern

Source: NSE filings
58.0%
promoters
  • Promoters57.95%
  • Public42.05%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202657.95%42.05%plus 0.92
30 Jun 202657.03%42.97%minus 0.04
31 Mar 202657.07%42.93%plus 0.17
31 Dec 202556.90%43.10%plus 0.30
30 Sep 202556.60%43.40%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you