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JM Financial Ltd.

FinanceFinance - Investment

www.jmfl.com BSE: 523405NSE: JMFINANCIL

₹122.75BSE1.45%

17 Sep, 4:01 PM

₹122.75

₹11.72K Cr

11.27

1.07

11.59%

₹123.10

₹120.85

₹182.60

₹112.30

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Price Performance

Peer Comparison

Name
BAJAJ FINSE BAJAJFINSV	1,862.40	29.41	2,98,367.91	0.08	6,296.67	18.15%	42,036.90	19.13%	11.88
AIIL AIIL	532.00	21.33	45,178.80	0.00	1,108.22	17.52%	1,469.54	20.94%	13.85
CHOLAHLDNG CHOLAHLDNG	1,484.15	10.52	27,868.99	0.09	1,788.99	42.04%	11,113.57	19.55%	10.52
TVSHLTD TVSHLTD	12,902.10	13.25	26,103.66	0.67	1,173.58	73.77%	17,076.18	34.01%	19.39
CGCL CGCL	262.25	22.38	25,232.49	0.08	353.38	102.04%	1,576.48	57.49%	11.68
JSWHL JSWHL	10,915.05	90.38	12,115.30	0.00	24.54	-27.43%	34.58	14.99%	0.58
JM Financial Ltd. JMFINANCIL	122.75	11.27	11,722.76	2.65	368.57	-19.66%	1,200.53	8.03%	11.91
TSFINV TSFINV	445.95	20.34	9,904.72	2.50	124.95	-21.11%	305.58	70.91%	3.47

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2022	Mar 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	859.29	847.18	1,260.70	1,077.05	1,190.51	1,106.14	1,003.92	1,111.34	1,031.28	999.36	949.12	1,200.53
Expenses	279.45	458.87	579.97	462.16	699.64	499.59	425.87	261.12	426.47	436.00	457.72	500.49
	579.84	388.31	680.73	614.89	490.87	606.55	578.05	850.22	604.81	563.36	491.40	700.04
	67.48%	45.84%	54.00%	57.09%	41.23%	54.83%	57.58%	76.50%	58.65%	56.37%	51.77%	58.31%
	17.84	23.98	-831.44	16.82	20.70	14.40	23.29	9.89	13.00	105.22	20.09	24.13
Interest	269.79	346.53	407.25	370.22	343.12	318.00	273.59	250.88	254.22	247.83	246.26	246.56
	10.07	11.78	14.16	16.24	14.85	16.37	16.33	16.67	19.20	20.37	22.13	22.07
	318.12	53.79	-571.34	246.45	154.01	286.55	311.43	593.75	351.35	413.83	245.66	455.37
	25.19%	39.84%	-17.99%	24.13%	6.37%	27.63%	24.54%	22.73%	25.46%	23.05%	34.09%	19.06%
	180.01	57.11	-228.68	170.70	232.16	208.92	209.53	453.81	270.00	312.80	165.36	291.92
	1.89	0.60	-2.39	1.79	2.43	2.19	2.19	4.75	2.82	3.27	1.73	3.05

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	3,707.16	3,271.50	4,760.72	4,377.62	4,091.10
Operating Income (Net)	3,707.16	3,271.50	4,760.72	4,377.62	4,091.10
EXPENDITURE :
Employee Cost	547.81	622.34	795.44	963.30	1,053.93
Operating & Establishment Expenses	297.48	303.78	413.39	478.82	555.25
Administrations & Other Expenses	53.60	95.86	161.97	173.74	151.71
Provisions and Contingencies	396.84	444.93	646.70	481.81	61.49
	1,295.73	1,466.91	2,017.50	2,097.67	1,822.38
Operating Profit (Excl OI)	2,411.43	1,804.59	2,743.22	2,279.95	2,268.72
	56.12	368.40	71.56	85.62	410.56
	2,467.55	2,172.99	2,814.78	2,365.57	2,679.28
Interest	1,081.73	1,178.51	1,561.52	1,304.93	999.19
	37.78	41.87	53.03	63.79	78.37
Profit Before Taxation & Exceptional Items	1,348.04	952.61	1,200.23	996.85	1,601.72
Exceptional Income / Expenses			-846.86		-21.29
	1,348.04	952.61	353.37	996.85	1,580.43
Provision for Tax	355.67	243.85	325.85	224.85	403.55
	992.37	708.76	27.52	772.00	1,176.88
Extra items				0.00	0.00
Minority Interest	-219.23	-111.70	379.09	47.72	0.93
Share of Associate	0.02	0.23	3.23	1.59	24.16
Consolidated Net Profit	773.16	597.29	409.84	821.31	1,201.97
Profit Balance B/F	3,400.28	3,897.87	4,138.02	4,230.73	4,779.68
Appropriations	4,173.44	4,495.16	4,547.86	5,052.04	5,981.65
Equity Dividend %	165.00%	180.00%	200.00%	270.00%	325.00%
	8.10	6.26	4.29	8.59	12.57
Adjusted EPS	8.10	6.26	4.29	8.59	12.57

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	95.41	95.48	95.56	95.58	95.64
Share Warrants & Outstandings	17.71	16.61	18.80	35.97	45.42
Total Reserves	7,573.09	8,024.17	8,376.14	9,596.25	10,516.37
Reserve excluding Revaluation Reserve	7,573.09	8,024.17	8,376.14	9,596.25	10,516.37
	7,686.21	8,136.26	8,490.50	9,727.80	10,657.43
Minority Interest	2,939.43	3,133.59	2,565.53	502.65	700.65
Secured Loans	9,453.08	12,625.45	10,159.81	6,727.39	5,377.47
Deferred Tax Assets / Liabilities	-87.84	-87.37	-102.61	-177.46	-59.47
Other Long Term Liabilities	41.23	65.10	87.24	76.00	89.33
Long Term Trade Payables			1.46
Long Term Provisions	33.48	35.97	32.28	36.43	58.54
Total Non-Current Liabilities	9,439.95	12,639.15	10,178.18	6,662.36	5,465.87
Trade Payables	845.95	1,323.24	1,314.14	1,233.70	2,180.92
Other Current Liabilities	636.60	620.23	936.98	1,325.21	1,094.77
Short Term Borrowings	4,006.86	3,252.17	5,984.99	4,691.88	6,144.39
Short Term Provisions	18.56	20.58	19.24	26.28	33.47
Total Current Liabilities	5,507.97	5,216.22	8,255.35	7,277.07	9,453.55
Total Liabilities	25,573.56	29,125.22	29,489.56	24,169.88	26,277.50
Loans (Non - Current Assets)			15,062.91	9,917.58	9,832.15
Gross Block	561.81	685.40	794.18	833.29	940.03
Less: Accumulated Depreciation	148.10	180.55	222.64	254.25	314.86
Net Block	413.71	504.85	571.54	579.04	625.17
Capital Work in Progress	3.05	7.01	4.43	10.23	159.60
Non Current Investments	597.54	1,055.33	1,251.64	1,441.91	1,953.46
Long Term Investment	597.54	1,055.33	1,251.64	1,441.91	1,953.46
Long Term Loans & Advances	360.80	583.53	551.47	449.75	369.54
Other Non Current Assets			1,030.24	498.60	546.96
Total Non-Current Assets	1,375.10	2,150.72	18,472.23	12,897.11	13,486.88
Currents Investments	3,041.75	2,529.16	3,472.59	4,022.23	4,255.99
Inventories		102.10	142.87	129.90	127.50
Sundry Debtors	499.09	1,215.31	423.76	512.73	1,306.16
Cash and Bank	2,559.87	2,391.66	5,382.16	4,365.98	4,668.93
Other Current Assets	3,184.95	3,931.44	1,595.95	2,241.93	2,432.04
Short Term Loans and Advances	14,912.80	16,804.83
Total Current Assets	24,198.46	26,974.50	11,017.33	11,272.77	12,790.62
Net Current Assets (Including Current Investments)	18,690.49	21,758.28	2,761.98	3,995.70	3,337.07
Total Assets	25,573.56	29,125.22	29,489.56	24,169.88	26,277.50
Contingent Liabilities	57.76	65.28	69.26	84.90	90.75
Total Debt	13,459.94	15,877.62	16,144.80	11,419.27	11,521.86
	80.37	85.04	88.65	101.40	110.96
Adjusted Book Value	80.37	85.04	88.65	101.40	110.96

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	1,348.04	952.61	1,200.23	996.85	1,580.43
Adjustment	-1,079.13	-978.99	-953.91	-890.79	-1,521.32
Changes In working Capital	-3,751.44	-2,882.97	2,750.23	5,081.35	82.24
Cash Flow after changes in Working Capital	-3,482.53	-2,909.35	2,996.55	5,187.41	141.35
Cash Flow from Operating Activities	-3,458.08	-2,307.20	3,635.05	5,568.65	580.73
Cash Flow from Investing Activities	2,613.92	-591.61	-2,089.94	-2,474.51	-532.40
Cash Flow from Financing Activitie	1,280.72	2,159.89	162.45	-4,785.72	-116.14
Net Cash Inflow / Outflow	436.56	-738.92	1,707.56	-1,691.58	-67.81
Opening Cash & Cash Equivalents	826.38	1,262.94	524.02	2,231.58	540.00
Closing Cash & Cash Equivalent	1,262.94	524.02	2,231.58	540.00	472.19

Ratios

Valuation

11.27

1.07

7.30

2.83

10.87

114.75

Profitability

11.59

11.91

4.67

55.46

28.77

Leverage & Liquidity

1.09

1.35

2.58

Returns

2.65

0.16

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	56.43	56.43	56.43	56.50	56.51	56.60	56.90	57.07	57.03
	25.46	23.88	24.21	24.56	24.21	23.99	23.47	23.03	22.44
	18.11	19.69	19.36	18.95	19.28	19.41	19.63	19.90	20.53
	43.57	43.57	43.57	43.50	43.49	43.40	43.10	42.93	42.97
No. of Shareholders	1,63,944	1,62,210	1,89,596	1,87,163	1,73,290	1,77,160	1,76,556	1,72,802	1,75,511

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-14	Board Meeting	Quarterly Results
2026-06-01	AGM
2026-05-29	Ex Dividend	Rs.1.7500 per share(175%)Final Dividend	2026-06-12	2026-06-12

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-06-30	Velayudhan Kuruppathakayil	ESOP	Buy	5,000
2026-06-30	Anuj Kapoor	ESOP	Buy	6,000
2026-06-30	Chirag Negandhi	ESOP	Buy	300,000
2026-06-30	Neha Agarwal	ESOP	Buy	50,000
2026-06-30	Ranganath Char	ESOP	Buy	17,742
2026-06-30	Sonia Dasgupta	ESOP	Buy	50,000
2026-06-30	Adi Rusi Patel	ESOP	Buy	50,000
2026-06-30	Angana Gupta	ESOP	Buy	5,000
2026-04-24	Krishna Rao	ESOP	Buy	13,707
2026-04-24	Pratik Rokade	ESOP	Buy	16,920
2026-04-24	Rushank Jain	ESOP	Buy	16,920
2026-04-24	Venugopal Nyalapelli	ESOP	Buy	9,758
2026-04-24	Devan Kampani	ESOP	Buy	31,936

Sector Overview

FinanceFinance - Investment

JM Financial Ltd. operates in the Finance sector under the Finance - Investment industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Hemant Pandya

Company Secretary & Compliance Officer

—

Nimesh Kampani

Chairman

—

Vishal Kampani

Vice Chairman & Managing Director

₹16.14 Cr

Mar '26

P S Jayakumar