J

JM Financial Limited

JMFINANCILNSE
Market snapshot · 2026-08-11 15:22 UTC

126.17

₹-1.04 (-0.82%)

MARKET CAP

₹12.07K Cr

STOCK P/E

11.6x

52W HIGH

₹199.80

52W LOW

₹112.00

BOOK VALUE

₹111.44

EPS

₹10.86

ROE

SECTOR

Financials

DEBT/EQUITY

102.44

VOLUME

18.23L

P/B RATIO

1.13x

PEG RATIO

-0.33

Sector

Financials

Themes

Investment Banking & Brokerage
D
Dividend
₹188.25₹170.35₹152.45₹134.55₹116.65VolumeDDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for JMFINANCIL.

1.00 analysts

Price Forecast

Current
₹125.89
High Target
₹165.00
▲ +31.1%
Median Target
₹165.00
▲ +31.1%
Low Target
₹165.00
▲ +31.1%
Now₹125.89High ₹165.00Median ₹165.00Low ₹165.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
1 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹95.27 - ₹166.1180%
6M₹84.84 - ₹186.2480%
12M₹71.99 - ₹218.8580%
Realized vol: +43.4% · Drift: +9.1%

Revenue Forecast

₹ Cr
Jun '26Current₹82.0
Sep 2026 ETrend estimate range
High₹207.9Base₹192.5Low₹177.1
Sep '25: ₹275.0 · Dec '25: ₹195.0 · Mar '26: ₹119.0 · Jun '26: ₹82.0 · Sep '26: ₹192.5 · Dec '26: ₹136.5
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E275.0195.0119.082.0192.5136.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹0.03
Sep 2026 ETrend estimate range
High₹4.11Base₹3.67Low₹3.23
Sep '25: ₹2.57 · Dec '25: ₹3.01 · Mar '26: ₹0.27 · Jun '26: ₹0.03 · Sep '26: ₹3.67 · Dec '26: ₹4.29
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2.573.010.270.033.674.29
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
49%
Analyst Consensus
Positive

From 1 analysts

Mean upside+31.1%

Fundamentals

Weakening

Fundamentals institutional score is 0 using growth durability 0.0.

Valuation

Fairly valued

Valuation institutional score is 62 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 98 using mean target upside 31.1%; dispersion penalty 0; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 49 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. analyst consensus provide support, while fundamentals and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price165 target
Mean Upside+31.1%
Technical Score49%
Fundamental Score0%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 6.1% above historical median. Valuation is stable — currently in the fair zone (z-score: +0.38). Confidence: 74%.

Live forward EPS implies next-12-month EPS of ₹15.00. Applying the stock's normalized valuation corridor produces a fair range of ₹124.50 to ₹188.55, with base value near ₹164.25 (+30.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹15.00

Forward P/E

8.4x

Base Fair Value

₹164.25

Fair Range

₹124.50 - ₹188.55

Upside To Base

+30.4%

Estimate Source

Live forward EPS

Growth Estimate

-35.7%

P/B
Strongly Undervalued

5Y Average

1.30

Current

1.13

Overvalued

1.50

Undervalued

1.11

P/E
Fair

5Y Average

8.78

Current

11.62

Overvalued

12.57

Undervalued

8.30

P/S
Strongly Overvalued

5Y Average

2.70

Current

3.58

Overvalued

3.11

Undervalued

2.30

Peers & Comparison

Sector: Financials · Theme: Investment Banking & Brokerage

Investment Banking & Brokerage Peers5 peers
Avg P/E: 43.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
IIFL FINANCE LIMITED
IIFLInvestment Banking & Brokerage
+31.8%24.2%
12.6x
Undervalued
-71% vs avg
+36.1%
TSF INVESTMENTS LIMITED
TSFINVInvestment Banking & Brokerage
+70.9%44.6%
19.6x
Undervalued
-55% vs avg
-8.5%
CHOICE INTERNATIONAL LTD
CHOICEINInvestment Banking & Brokerage
+34.4%20.2%
73.2x
Premium
+67% vs avg
+7.0%
RELIGARE ENTER. LTD.
RELIGAREInvestment Banking & Brokerage
+22.1%1.0%
87.8x
Premium
+100% vs avg
-8.5%
ANGEL ONE LIMITED
ANGELONEInvestment Banking & Brokerage
+23.0%20.7%
26.0x
Undervalued
-41% vs avg
+17.6%
WHY THESE PEERS

JM FINANCIAL LIMITED trades at a discount (11.6x vs peer avg 43.8x), suggesting potential undervaluation relative to the Investment Banking & Brokerage cohort. Peers include IIFL FINANCE LIMITED, TSF INVESTMENTS LIMITED, CHOICE INTERNATIONAL LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹82 CrJun 2026

Latest net profit

₹2.50 CrJun 2026

Latest EPS

₹0.03Jun 2026

Net margin

4.3%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%20.0%40.0%60.0%80.0%0.00 Cr75 Cr150 Cr225 Cr300 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr70 Cr140 Cr210 Cr280 Cr₹0₹1₹2₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr25 Cr50 Cr75 Cr100 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.00K Cr0.00 Cr2.00K Cr4.00K Cr6.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +142.23167.17217.52191.01118.84225.52194.55225.49246.26275.23194.71119.3782.26
Expenses +77.9299.5797.63121.3070.30138.4095.3275.7781.69109.4197.6782.6278.76
Operating Profit64.3167.60119.8969.7148.5487.1299.23149.72164.57165.8297.0436.753.50
OPM %45.22%40.44%55.12%36.50%40.84%38.63%51.00%66.40%66.83%60.25%49.84%30.79%4.25%
Other Income +2.8198.312.321.641.41182.62-7.887.022.01119.93239.362.613.44
Interest1.501.331.341.331.451.411.391.311.261.181.121.091.00
Depreciation2.732.792.742.632.993.033.063.123.143.053.053.073.16
Profit before tax62.89161.79118.1367.3945.51265.3086.90152.31162.18281.52332.2335.202.78
Tax %20.75%11.94%23.97%59.24%24.17%-12.78%18.91%11.66%17.71%12.66%13.27%27.07%10.07%
Net Profit +49.84142.4789.8227.4734.51299.2170.47134.55133.45245.89288.1325.672.50
EPS in Rs0.521.490.940.290.363.130.741.411.402.573.010.270.03
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +56.51%56.61%56.90%57.07%57.03%
FIIs +17.69%18.38%17.71%17.16%16.95%
DIIs +6.53%5.61%5.76%5.88%5.50%
Public +19.27%19.42%19.64%19.89%20.54%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Aug 10, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 04, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 04, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Outcome of AGM

Aug 04, 2026PDFCompany Reports Open