JM Financial Limited

BSE: JMFINANCIL523405ISIN INE780C01023

Financial Services
Holding Company
BSE 500

Share price

₹113.95+1.90 (+1.70%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹168.25
52W low: ₹103.05
Off 52W high: -32.27%
1M return: -7.43%
3M return: -9.64%
6M return: -20.34%
1Y return: -31.15%
20D avg volume: 1,71,535
50 DMA: ₹122.37
200 DMA: ₹126.96

Key ratios Consolidated

Market cap: ₹10,905 Cr
Current price: ₹113.95
52W high / low: ₹168.25 / ₹103.05
Face value: ₹1.00
P/E: 9.82
P/B: 1.02
EPS (TTM): ₹11.61
Book value / share: ₹111.43
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.24
Net debt: ₹2,219 Cr
Interest cover: 2.58
Dividend yield: 2.85%
Dividend / share (TTM): ₹3.25
Payout: 27.99%
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,201	949.12	999.36	1,031	1,111	1,004	1,106	1,191	1,077	1,261	1,236	1,197
	24.13	20.09	126.51	13.00	9.89	23.29	14.40	20.70	16.82	15.42	24.97	16.58
	1,225	969.21	1,126	1,044	1,121	1,027	1,121	1,211	1,094	1,276	1,261	1,214
	769.12	726.11	704.20	699.89	528.67	715.79	833.96	1,058	848.62	1,001	843.84	936.03
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	296.46	199.52	285.08	270.60	298.73	219.62	220.56	291.82	231.30	120.03	246.00	235.99
	246.56	246.26	247.83	254.22	250.88	273.59	318.00	343.12	370.22	407.25	400.29	388.10
	22.07	22.13	20.37	19.20	16.67	16.33	16.37	14.85	16.24	14.16	13.68	13.16
	95.37	120.96	86.36	81.64	75.98	111.26	82.32	91.35	71.21	113.13	135.25	171.93
	455.54	243.10	421.67	344.39	592.56	311.42	286.58	153.60	245.25	274.74	417.12	277.93
	0.00	0.00	-21.29	0.00	0.00	0.00	0.00	0.00	0.00	-846.86	0.00	0.00
	455.54	243.10	400.38	344.39	592.56	311.42	286.58	153.60	245.25	-572.12	417.12	277.93
	86.80	83.74	95.37	89.46	134.98	76.41	—	—	—	—	—	—
	368.57	161.92	318.46	261.89	458.77	235.02	207.39	144.20	186.98	-674.10	322.35	205.94
	3.05	1.73	3.27	2.82	4.75	2.19	2.19	2.43	1.79	-2.39	2.91	2.04
Key metrics
	—	—	—	—	—	—	620.95	511.57	631.71	-150.71	831.09	679.19
	—	—	—	—	—	—	56.10%	43.00%	58.70%	-12.00%	67.20%	56.70%
	30.70%	17.10%	31.90%	25.40%	41.30%	23.40%	18.70%	12.10%	17.40%	-53.50%	26.10%	17.20%
	8.00%	-5.50%	-9.70%	-13.40%	3.20%	-20.40%	-10.50%	-0.60%	—	—	—	—
	-19.70%	-31.10%	53.60%	81.60%	145.40%	134.90%	-35.70%	-30.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY18
Income statement
	4,180	4,091	4,378	4,761	3,265	3,707	3,235
	183.73	169.49	75.21	71.44	77.99	56.12	0.00
	4,364	4,261	4,453	4,832	3,343	3,763	3,235
	2,899	2,659	3,456	3,632	2,390	2,415	1,926
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	1,052	1,054	963.30	795.44	622.34	547.81	—
	994.87	999.19	1,305	1,562	1,179	1,082	1,145
	83.77	78.37	63.79	53.03	41.87	37.78	26.17
	384.33	364.94	356.14	350.47	452.18	399.56	368.95
	1,465	1,602	996.85	1,200	952.61	1,348	1,309
	-21.29	-21.29	0.00	-846.86	0.00	0.00	0.00
	1,443	1,580	996.85	353.37	952.61	1,348	1,309
	355.37	403.55	224.85	—	—	—	438.37
	1,111	1,201	773.59	30.75	708.99	992.39	870.16
	10.87	12.57	8.59	4.29	6.26	8.11	—
Key metrics
	—	—	—	1,968	2,173	2,468	2,479
	—	—	—	41.30%	66.60%	66.60%	76.60%
	26.57%	29.40%	17.70%	0.60%	21.70%	26.80%	26.90%
	-5.25%	-6.50%	-8.00%	45.80%	-11.90%	14.60%	—
	6.26%	55.30%	2,415.70%	-95.70%	-28.60%	14.00%	—
	—	516.50	5,535	—	—	—	—
	—	0.48	7.20	—	—	—	—
	—	0.24	0.27	—	—	—	—
	—	2,219	2,193	—	—	—	—
Balance sheet
	—	26,537	24,504	—	—	—	—
	—	472.19	540.00	—	—	—	—
	—	1,431	646.28	—	—	—	—
	—	127.50	129.90	—	—	—	—
	—	539.71	503.39	—	—	—	—
	—	2,691	2,733	—	—	—	—
	—	11,358	10,230	—	—	—	—
Cash flow
	—	580.73	5,569	—	—	—	—
	—	-532.40	-2,475	—	—	—	—
	—	-116.14	-4,786	—	—	—	—
	—	64.23	33.97	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	82.26	119.37	194.71	275.23	246.26	251.89	209.21	237.47	138.63	191.01	217.52	167.17
	3.44	2.61	242.05	119.93	2.01	4.61	1.61	192.27	1.58	1.64	5.55	98.31
	85.70	121.98	436.76	395.16	248.27	256.50	210.82	429.74	140.21	192.65	223.07	265.48
	82.92	86.78	101.84	113.64	86.09	104.42	124.03	164.72	95.00	125.26	104.94	103.69
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	45.62	39.45	63.36	60.24	60.42	68.75	65.28	67.99	55.15	1.06	75.29	63.80
	1.00	1.09	1.12	1.18	1.26	1.72	1.81	1.88	1.60	1.33	1.34	1.33
	3.16	3.07	3.05	3.05	3.14	4.40	4.33	4.28	3.59	2.63	2.74	2.79
	10.22	14.85	8.58	7.90	7.76	16.74	15.25	9.87	8.96	14.74	9.84	12.19
	2.78	35.20	334.92	281.52	162.18	152.08	86.79	265.02	45.21	67.39	118.13	161.79
	0.00	0.00	-2.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.78	35.20	332.23	281.52	162.18	152.08	86.79	265.02	45.21	67.39	118.13	161.79
	0.28	9.53	44.10	35.63	28.73	17.53	—	—	—	—	—	—
	2.50	25.67	288.13	245.89	133.45	134.55	70.47	299.21	34.51	27.47	89.82	142.47
	0.03	0.27	3.01	2.57	1.40	1.41	0.74	3.13	0.36	0.29	0.94	1.49
Key metrics
	—	—	—	—	—	—	92.93	271.18	50.40	71.35	122.21	165.91
	—	—	—	—	—	—	44.40%	114.20%	36.40%	37.40%	56.20%	99.20%
	3.00%	21.50%	148.00%	89.30%	54.20%	53.40%	33.70%	126.00%	24.90%	14.40%	41.30%	85.20%
	-66.60%	-52.60%	-6.90%	15.90%	77.60%	31.90%	-3.80%	42.10%	—	—	—	—
	-98.10%	-80.90%	308.90%	-17.80%	286.70%	389.80%	-21.50%	110.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY18
Income statement
	671.57	835.57	837.20	717.93	336.04	560.55	114.03
	368.03	366.60	200.07	102.48	152.52	59.08	130.15
	1,040	1,202	1,037	820.41	488.56	619.63	244.18
	385.18	388.35	488.17	410.21	175.27	203.73	94.67
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	208.67	223.47	257.17	183.85	102.90	116.16	—
	4.39	4.65	7.01	5.50	6.13	6.76	34.54
	12.33	12.31	16.60	10.89	10.03	10.69	1.02
	41.55	39.09	50.82	49.27	24.20	22.90	22.35
	654.42	813.82	549.10	410.20	313.29	415.90	149.51
	-2.69	-2.69	0.00	0.00	0.00	0.00	—
	651.73	811.13	549.10	410.20	313.29	415.90	149.51
	89.54	117.99	10.36	—	—	—	13.35
	562.19	693.14	538.74	309.60	273.07	327.78	136.16
	5.88	7.25	5.64	3.24	2.86	3.44	—
Key metrics
	—	—	—	426.59	329.45	433.35	185.07
	—	—	—	59.40%	98.00%	77.30%	162.30%
	83.71%	83.00%	64.40%	43.10%	81.30%	58.50%	119.40%
	-28.92%	-0.20%	16.60%	113.60%	-40.10%	391.60%	—
	-11.84%	28.70%	74.00%	13.40%	-16.70%	140.70%	—
	—	60.61	156.92	—	—	—	—
	—	0.09	0.30	—	—	—	—
	—	0.01	0.01	—	—	—	—
	—	24.40	-22.11	—	—	—	—
Balance sheet
	—	5,091	4,878	—	—	—	—
	—	16.52	75.59	—	—	—	—
	—	71.39	109.69	—	—	—	—
	—	0.00	0.00	—	—	—	—
	—	34.31	46.48	—	—	—	—
	—	40.92	53.48	—	—	—	—
	—	4,759	4,461	—	—	—	—
Cash flow
	—	61.49	161.50	—	—	—	—
	—	295.86	83.57	—	—	—	—
	—	-416.42	-210.55	—	—	—	—
	—	0.88	4.58	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +35.48%
Sales CAGR 5Y: —
Profit CAGR 3Y: +36.41%
Profit CAGR 5Y: —
Sales YoY (TTM): -28.92%
Profit YoY (TTM): -11.84%

Consolidated

Sales CAGR 3Y: +7.81%
Sales CAGR 5Y: —
Profit CAGR 3Y: +19.21%
Profit CAGR 5Y: —
Sales YoY (TTM): -5.25%
Profit YoY (TTM): +6.26%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 57.96%

Quarter	September 2026	June 2026	September 2025
Promoter %	57.96%	57.04%	56.62%

Holder	Type	Holding	Previous	Change
J. M. Financial and Investment Consultancy Services Private Limited	Promoter	24.98%	24.77%	+0.21%
Nimesh Kampani	Promoter	13.11%	13.11%	0.00%
J. M. Assets Management Private Limited	Promoter Group	11.75%	11.36%	+0.39%
Aruna Kampani	Promoter Group	2.82%	2.82%	0.00%
TIMF HOLDINGS	Public	2.36%	2.36%	0.00%
BARON EMERGING MARKETS FUND	Public	2.12%	2.20%	-0.08%
SNK Investments Private Limited	Promoter Group	2.11%	1.95%	+0.16%
QUANT MUTUAL FUND - QUANT SMALL CAP FUND	Public	1.75%	1.75%	0.00%
Vishal Kampani	Promoter Group	1.36%	1.36%	0.00%
THINK INDIA OPPORTUNITIES MASTER FUND LP	Public	1.21%	1.21%	0.00%
ROBECO CAPITAL GROWTH FUNDS - ROBECO QI EMERGING MARKETS ACTIVE EQUITIES	Public	1.19%	1.19%	0.00%
MOTILAL OSWAL (VARIOUS SCHEMES)	Public	1.19%	1.13%	+0.06%
ICICI PRUDENTIAL (VARIOUS SCHEMES)	Public	1.08%	1.54%	-0.46%
VIKRAM SHANKAR PANDIT	Public	1.00%	1.21%	-0.21%
Amishi Akash Gambhir	Promoter Group	0.84%	0.84%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bajaj Finserv Limited	2,81,162	1,755.00	12.87	—	+15.67% TTM	+13.50% TTM	-15.34%
Bajaj Holdings & Investment Limited	1,16,259	10,446.15	12.32	—	-6.95% TTM	+8.58% TTM	-13.49%
Choice International Ltd	16,617	745.90	63.05	17.80%	+33.18% TTM	+39.68% TTM	-7.83%
Edelweiss Financial Services Ltd.	11,548	122.00	16.22	—	+13.96% TTM	+28.73% TTM	+9.81%
JM Financial Limited	10,905	113.95	9.82	—	-5.25% TTM	+6.26% TTM	-31.15%
Kama Holdings Limited	6,896	2,149.05	3.18	—	+12.91% TTM	+50.72% TTM	-27.24%
Rane Holdings Ltd.	2,123	1,486.95	16.64	16.20%	+25.82% TTM	-50.72% TTM	-5.06%
BF Investment Limited	1,501	398.45	3.85	—	+22.65% TTM	+398.66% TTM	-14.60%
Balmer Lawrie Investments Ltd.	1,429	64.38	5.09	—	+8.80% TTM	+3.57% TTM	-18.45%
ABANS FINANCIAL SERVICES LIMITED	1,031	201.30	7.45	11.20%	+427.79% TTM	+18.23% TTM	-0.35%
Max India Limited	827	146.80	-6.85	-20.40%	+61.46% TTM	+19.77% TTM	-30.79%
GFL LIMITED	560	51.00	9.24	—	+10.50% TTM	+205.91% TTM	-18.40%
NISUS FINANCE SERVICES CO LIMITED	437	183.15	—	26.90%	—	—	-47.59%
TAMBOLI INDUSTRIES LIMITED	303	305.30	28.51	11.10%	+14.87% TTM	+39.87% TTM	+103.33%
ALAN SCOTT ENTERPRISES LIMITED	166	291.00	-40.61	-7.60%	+4.60% TTM	-260.15% TTM	—
BIL VYAPAR LIMITED	13	4.20	-387.49	0.00%	—	-100.59% TTM	-63.06%

Filings & corporate actions

Recent announcements

Please find enclosed Investor Presentation4 Nov 2026 · Company Update / Investor Presentation
Please find enclosed intimation of record date for the purpose of Interim Dividend under Regulation 42 of SEBI Listing Regulations4 Nov 2026 · Corp. Action / Record Date
Please find enclosed Press Release of the Company4 Nov 2026 · Company Update / Press Release / Media Release
Please find enclosed intimation regarding declaration of Interim Dividend of Rs. 1.65 per equity share for the financial year 2026-274 Nov 2026 · Corp. Action / Dividend
Please find enclosed intimation regarding declaration of Interim Dividend of Rs. 1.65 per equity share for the financial year 2026-274 Nov 2026 · Corp Action / Dividend Updates
Please find enclosed unaudited financial results4 Nov 2026 · Result / Financial Results
Please find enclosed Outcome of the Board Meeting4 Nov 2026 · Board Meeting / Outcome of Board Meeting
JM Financial Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Update on board meeting - Consideration ....30 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed intimation under Regulation 30 of SEBI Listing Regulations with respect to Earnings call intimation.29 Oct 2026 · Company Update / Analyst / Investor Meet
Please find enclosed intimation regarding incorporation of a wholly owned step-down subsidiary of the Company12 Oct 2026 · Company Update / General
We are enclosing the certificate of compliance under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 as received by us from our Registrar and Transfer Agent ....12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed copy of newspaper advertisement relating to special window for transfer requests of equity shares held in physical mode10 Oct 2026 · Company Update / Newspaper Publication
JM Financial Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....6 Oct 2026 · Board Meeting / Board Meeting
Please find attached intimation under Regulation 30 of SEBI Listing Regulations.28 Sep 2026 · Company Update / Acquisition
Please find enclosed intimation regarding the closure of trading window from Thursday, October 1, 2026, pursuant to SEBI PIT Regulations, 2015.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to the exercise of stock options by the eligible employees under the Employees'' Stock Options Scheme ("ESOS"), the Allotment Committee of the Board at its meeting held today, ....25 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Please find enclosed intimation under Regulation 30 of the SEBI Listing Regulations.10 Sep 2026 · Company Update / General
Please find attached intimation under Regulation 30 of SEBI Listing Regulations with respect to the ESG Rating provided by NSE Sustainability Ratings & Analytics Limited3 Sep 2026 · Company Update / General
Please find enclosed intimation of Credit Rating under Regulation 30 of SEBI Listing Regulations31 Aug 2026 · Company Update / Credit Rating
Please find attached intimation under Regulation 30 of SEBI Listing Regulations with respect to the ESG Rating provided by Crisil ESG Ratings & Analytics Limited25 Aug 2026 · Company Update / General
Please find attached intimation under Regulation 30 of SEBI Listing Regulations with respect to the ESG Rating provided by ESG Risk Assessments & Insights Limited20 Aug 2026 · Company Update / General
Pursuant to Reg.30 of SEBI Listing Regulations, we are enclosing copies of the newspaper advertisements relating to Special Window for re-lodgement of transfer requests of equity sharesheld ....11 Aug 2026 · Company Update / Newspaper Publication
Please find attached transcript of the earnings conference call of the Company held on Tuesday, August 4, 2026.10 Aug 2026 · Company Update / Earnings Call Transcript
Please find enclosed Audio Recording of Earnings Conference Call held today i.e. on August 4, 2026.4 Aug 2026 · Company Update / Analyst / Investor Meet
Please find attached Scrutiniser''s Report4 Aug 2026 · AGM/EGM / AGM
Please find attached the summary of the proceedings of the 41st AGM of the Company held on August 3, 2026 at 4:00 pm4 Aug 2026 · AGM/EGM / AGM
Please find enclosed Investor presentation.3 Aug 2026 · Company Update / Investor Presentation
Please find attached Press Release of the Company3 Aug 2026 · Company Update / Press Release / Media Release
Please find attached financial results for the first quarter ended June 30, 20263 Aug 2026 · Result / Financial Results
Please find attached outcome of Board Meeting3 Aug 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed intimation under Regulation 30 of SEBI Listing Regulations with respect to Earnings call intimation.29 Jul 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30 of SEBI Listing Regulations we wish to inform you that Mr. Chirag Negandhi has ceased to be a Senior Management Person of the Company, with effect from the close ....23 Jul 2026 · Company Update / Change in Management
JM Financial Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/08/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....14 Jul 2026 · Board Meeting / Board Meeting
We are enclosing the certificate of compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 as received by us from KFin Technologies Limited, for the ....14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Reg 30 of SEBI Listing Regulations, we enclosing newspaper advertisement in connection with 41st Annual General Meeting11 Jul 2026 · Company Update / Newspaper Publication
Pursuant to Reg 30 of SEBI Listing Regulations, we enclosing newspaper advertisement in connection with 41st Annual General Meeting11 Jul 2026 · Company Update / Newspaper Publication
Please find enclosed intimation regarding letter to Members providing the weblink and QR code for the Annual Report for FY 2025-26 and Notice of the 41st Annual General Meeting ....10 Jul 2026 · Company Update / General
Please find enclosed Business Responsibility and Sustainability Report of the Company for the financial year 2025-26.10 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed Annual Report of the Company for the financial year 2025-2610 Jul 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed the notice of the 41st Annual General Meeting of JM Financial Limited scheduled to be held on August 3, 202610 Jul 2026 · AGM/EGM / AGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.7500	12 Jun 2026	12 Jun 2026	—
Interim Dividend - Rs. - 1.5000	14 Nov 2025	14 Nov 2025	—
Dividend - Rs. - 2.7000	13 Jun 2025	13 Jun 2025	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
3 Aug 2026 Board Meeting - Financial Results