NSE JMFINANCIL · BSE 523405 · Investment Services · NIFTY 500
JM Financial Share Price
JM Financial Overview
Where the price stands, how it has moved and how it sits against its averages.
JM Financial shares last traded at ₹126.01 on the NSE, down 1.41% on the day. That is 31.0% below the 52-week high of ₹182.60 and 12.2% above the 52-week low of ₹112.30. The stock trades at 11.25× earnings, below the sector average of 15.35. Its market value is ₹12,043 Cr.
Price returns
Against the market: 1 Month ▼ −0.62% · 3 Months ▲ +4.12% · 6 Months ▲ +2.99% · This year ▼ −3.25% · 1 Year ▼ −18.97%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 2 of 6
- 300-day average₹130.92 ▼ price 3.8% below
- 100-day average₹127.75 ▼ price 1.4% below
- 20-day average₹127.73 ▼ price 1.3% below
- 50-day average₹126.28 ▼ price 0.2% below
- Today's price₹126.01
- 10-day average₹125.00 ▲ price 0.8% above
- 5-day average₹124.37 ▲ price 1.3% above
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
JM Financial Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹4,017 Cr | ▼ −7.4% | ₹1,202 Cr | 29.9% | ₹12.55 | ₹3.25 |
| FY 2025 | ₹4,338 Cr | ▼ −8.8% | ₹821 Cr | 18.9% | ₹8.58 | ₹2.70 |
| FY 2024 | ₹4,759 Cr | ▲ +45.8% | ₹410 Cr | 8.6% | ₹4.29 | ₹2.00 |
| FY 2023 | ₹3,265 Cr | ▼ −11.9% | ₹597 Cr | 18.3% | ₹6.25 | ₹1.80 |
| FY 2022 | ₹3,707 Cr | ▲ +15.9% | ₹773 Cr | 20.9% | ₹8.09 | ₹1.65 |
| FY 2021 | ₹3,197 Cr | ▼ −6.8% | ₹590 Cr | 18.5% | ₹6.32 | ₹0.50 |
| FY 2020 | ₹3,432 Cr | — | ₹545 Cr | 15.9% | ₹6.45 | ₹0.20 |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹804 Cr | ▼ −0.9% | ₹292 Cr | 36.3% | ₹3.05 |
| Q4 FY26 | ₹811 Cr | ▼ −3.3% | ₹165 Cr | 20.4% | ₹1.72 |
| Q3 FY26 | ₹839 Cr | ▼ −7.5% | ₹313 Cr | 37.3% | ₹3.27 |
| Q2 FY26 | ₹907 Cr | ▲ +2.1% | ₹270 Cr | 29.8% | ₹2.82 |
| Q1 FY26 | ₹889 Cr | ▲ +5.9% | ₹454 Cr | 51.0% | ₹4.74 |
| Q4 FY25 | ₹840 Cr | ▲ +2.1% | ₹210 Cr | 25.0% | ₹2.19 |
| Q3 FY25 | ₹822 Cr | ▼ −20.5% | ₹209 Cr | 25.4% | ₹2.18 |
| Q2 FY25 | ₹1,033 Cr | — | ₹232 Cr | 22.5% | ₹2.43 |
Balance sheet — FY26
- Total assets₹26,537 Cr
- Total liabilities₹15,880 Cr
- Shareholders' equity₹10,657 Cr
- Total debt₹11,367 Cr
- Cash & investments₹472 Cr
- Revenue growth, 5 yr4.67% a year
- EPS growth, 5 yr14.69% a year
- Operating margin (TTM)13.11%
- Net margin (TTM)32.37%
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 3,432.03 | 3,197.47 | 3,707.16 | 3,265.08 | 4,758.95 | 4,338.02 | 4,017.38 |
| Cost of revenue | 1,491.64 | 1,263.13 | 1,296.67 | 1,387.77 | 1,847.56 | 1,638.40 | 1,386.91 |
| Gross profit | 1,940.39 | 1,934.34 | 2,410.49 | 1,877.31 | 2,911.39 | 2,699.62 | 2,630.47 |
| Operating expenses | 2,360.02 | 2,159.67 | 2,410.65 | 2,385.12 | 4,470.59 | 3,446.37 | 2,668.27 |
| Operating income | 1,072.01 | 1,037.80 | 1,296.51 | 879.96 | 288.36 | 891.65 | 1,349.11 |
| Depreciation | 41.04 | 39.75 | 37.78 | 41.87 | 53.03 | 63.79 | 78.37 |
| Profit before tax | 1,093.52 | 1,066.85 | 1,348.04 | 952.61 | 353.37 | 996.85 | 1,580.43 |
| Tax | 315.98 | 260.79 | 355.67 | 243.85 | 325.85 | 224.85 | 403.55 |
| Net profit | 544.98 | 590.14 | 773.16 | 597.29 | 409.84 | 821.31 | 1,201.97 |
| EPS (₹) | 6.45 | 6.32 | 8.09 | 6.25 | 4.29 | 8.58 | 12.55 |
| Dividend per share (₹) | 0.20 | 0.50 | 1.65 | 1.80 | 2.00 | 2.70 | 3.25 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 20,745.52 | 23,514.85 | 25,814.50 | 29,370.44 | 29,763.60 | 24,504.10 | 26,537.22 |
| Current assets | — | — | — | — | — | — | — |
| Cash & short-term investments | 809.90 | 826.38 | 1,262.94 | 524.02 | 2,231.58 | 540.00 | 472.19 |
| Inventory | — | — | — | 102.10 | 142.87 | 129.90 | 127.50 |
| Property, plant & equipment | 388.09 | 362.74 | 355.97 | 446.93 | 498.98 | 513.62 | 699.31 |
| Total liabilities | 15,106.75 | 16,514.95 | 18,128.29 | 21,234.18 | 21,273.10 | 14,776.30 | 15,879.79 |
| Current liabilities | — | — | — | — | — | — | — |
| Total debt | 11,799.10 | 12,405.19 | 13,498.04 | 15,590.13 | 15,854.04 | 11,238.40 | 11,367.15 |
| Total equity | 5,638.77 | 6,999.90 | 7,686.21 | 8,136.26 | 8,490.50 | 9,727.80 | 10,657.43 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 3,164.07 | 969.29 | −3,458.08 | −2,307.20 | 3,635.05 | 5,568.68 | 580.73 |
| From investing | −901.41 | −2,248.76 | 2,613.92 | −591.61 | −2,089.94 | −2,474.51 | −532.40 |
| From financing | −2,204.53 | 1,295.95 | 1,280.72 | 2,159.89 | 162.45 | −4,785.75 | −116.14 |
| Capital expenditure | −9.96 | −6.36 | −17.03 | −124.53 | −53.73 | −33.97 | −64.23 |
| Dividends paid | −45.91 | −17.60 | −95.97 | −196.38 | −86.94 | −196.08 | −401.67 |
| Net change in cash | 58.13 | 16.48 | 436.56 | −738.92 | 1,707.56 | −1,691.58 | −67.81 |
What Analysts Say
Recommendations from 1 analysts who cover JM Financial.
▲ 1 bullish (100.0%) · 0 hold (0.0%) · ▼ 0 bearish (0.0%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | — |
| Buy | 1 | 1 | 1 | 1 | 1 | — |
| Hold | 0 | 0 | 0 | 0 | 0 | — |
| Sell | 0 | 0 | 0 | 0 | 0 | — |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | — |
Analyst ratings are opinions, not a guarantee of returns.
JM Financial vs Peers
Side by side with other investment services companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| JM Financial | ₹126.01 | ▼ −1.41% | ₹12,043 Cr | 11.25 | 1.14 | 8.87% | 32.37% | 2.55% | This stock |
| ICICI Prudential Asset Management Company Ltd | ₹3,170.40 | ▼ −0.11% | ₹1,56,344 Cr | 47.70 | 37.71 | 80.08% | 55.98% | 0.86% | Bullish |
| HDFC Asset Management Company | ₹2,390.00 | ▼ −2.29% | ₹1,02,486 Cr | 39.87 | 12.31 | 29.78% | 69.30% | 2.04% | Bearish |
| Nippon Life India Asset Management | ₹1,137.25 | ▼ −2.47% | ₹72,778 Cr | 50.08 | 16.25 | 28.27% | 56.41% | 1.81% | Moderately Bearish |
| Multi Commodity Exchange Of India | ₹3,427.15 | ▲ +1.64% | ₹87,390 Cr | 52.61 | 16.59 | 18.83% | 57.84% | 0.22% | Bullish |
| Motilal Oswal Financial Services | ₹1,015.30 | ▼ −2.38% | ₹61,154 Cr | 30.83 | 4.52 | 22.40% | 21.18% | 0.62% | Bullish |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
JM Financial Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Valuation Is the price reasonable?
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
The share price is 1.13× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 108 metrics from the data provider
Valuation
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Dividend yield2.55%
- Payout ratio25.86%
- 5-year average dividend₹2.28 a share
- Latest dividend₹1.75 per share · 12 Jun 2026
Corporate calendar
- MeetingAnnual General Meeting
- BoardQuarterly Results
- Dividend₹1.75 per share · 175% · Final dividend
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- Dividend₹1.50 per share · 150% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- MeetingAnnual General Meeting
Show 14 older events
- Dividend₹2.70 per share · 270% · Final dividend
- BoardAudited Results & Dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardQuarterly Results
- MeetingAnnual General Meeting
- BoardQuarterly Results
- Dividend₹2.00 per share · 200% · Final dividend
- MeetingAnnual General Meeting
- Dividend₹0.90 per share · 90% · Final dividend
- Dividend₹0.90 per share · 90% · Interim dividend
- MeetingAnnual General Meeting
- Dividend₹1.15 per share · 115% · Final dividend
- Dividend₹0.50 per share · 50% · Interim dividend
About JM Financial
Investment Services
JM Financial Limited is a diversified financial company. The Company's segments include Corporate Advisory and Capital Markets, Wealth and Asset Management, Private Markets, Affordable home Loans, and Treasury and others. The Corporate Advisory and Capital Markets segment caters to institutional, corporate, promoters, government and high net worth clients and include investment banking, and institutional equities and research. The Wealth and Asset Management segment includes a wealth management business, broking, portfolio management services (PMS), equity & debt AIFs, and a mutual fund business. The Private markets segment comprises private credit (corporate, bespoke, real estate and distressed credit) and investments (private equity funds, real estate investment trust (REIT)). The Affordable Home Loans segment includes the affordable housing finance business.
Key people
- Vishal Nimesh KampaniVice Chairman of the Board, Managing Director
- Nishit ShahChief Financial Officer, Managing Director
- Hemant Vijay PandyaCompliance Officer, Company Secretary
- Adi PatelManaging Director, Executive Director
- Neha AgarwalManaging Director and Head - Equity Capital Markets
- Rajiv AgrawalManaging Director - Real Estate AIF
Company facts
- NSE symbolJMFINANCIL
- BSE code523405
- ISININE780C01023
- IndustryInvestment Services
- IndexNIFTY 500
- Market cap₹12,043 Cr
- Revenue (FY26)₹4,017 Cr
- Net profit (FY26)₹1,202 Cr
In the News
Recent headlines about JM Financial — they open on Mint in a new tab.
- Already up 137% in 1 year still JM Financial sees more upside in this stock | Check target price, shareholding pattern
With a staggering 137% rise in the past year, Acutaas Chemicals continues to draw attention from investors. JM Financial recently reinstated a buy rating with a target price of ₹3,800, indicating more potential growth.
10 Sep 2026 · 3 min read · Mint ↗ - Non-banks drive asset reconstruction purchases amid retail loan stress
Driven by tighter corporate debt supply and flexible pricing from non-banks, debt resolution firms are taking on larger volumes of small-ticket retail loans to free up lender capital.
28 Aug 2026 · 5 min read · Mint ↗ - Paytm shares jump 11% this week, biggest weekly gain in 4 months; what's driving rally?
Paytm's parent, One97 Communications, saw an 11% gain this week, attributed to positive investor sentiment after favourable developments. Bernstein raised its target price to ₹2,200, while JM Financial lifted it to ₹1,950, highlighting potential earnings growth from UPI monetisation.
15 Aug 2026 · 2 min read · Mint ↗ - HAL shares rally 45% since April. Is the stock still attractive after Q1 earnings?
Domestic brokerages maintain a positive outlook on Hindustan Aeronautics after strong June-quarter results. Motilal Oswal and Anand Rathi both retained 'Buy' ratings with a target price of ₹5,800, while JM Financial and InCred have 'Add' and 'Hold' ratings, respectively.
13 Aug 2026 · 2 min read · Mint ↗ - Navin Fluorine shares jump 14% to record high as analysts stay bullish, lift target price after Q1
Navin Fluorine's shares jumped 14% to ₹8.647, following strong quarterly results. Brokerages raised target prices, with Axis Securities lifting it to ₹8,600, while JM Financial also raised its target price on the stock to ₹9,000 from ₹8,200
6 Aug 2026 · 2 min read · Mint ↗ - NBFC stock Aye Finance falls 3% on profit booking; JM Financial, IIFL Capital give buy calls after Q1 results
On a monthly scale, the stock is now nearly 4% down so far in July, looking set to snap its three-month winning streak. From April to June, the stock clocked a solid cumulative gain of 82%.
27 Jul 2026 · 2 min read · Mint ↗ - These value mutual funds delivered the highest returns in 5 years. Should you invest?
Value funds, notably HSBC and ICICI Prudential, have yielded strong returns. Experts suggest that investors adopt a mixed strategy, combining value and growth stocks, to enhance portfolio performance throughout different market cycles.
10 Jul 2026 · 2 min read · Mint ↗ - Kirloskar Oil Engines shares hit 20% upper circuit. JM Financial sees more upside
Kirloskar Oil Engines shares surged 20% after winning a substantial order from HyperNext for 96 units of its 2,500 kVA power systems, enhancing its position in the data centre market dominated by Cummins. JM Financial and Motilal Oswal raised target prices, citing strong growth potential.
22 Jun 2026 · 3 min read · Mint ↗
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