JM Financial Ltd
JM Financial Ltd is an integrated and diversified financial services group. Its primary businesses include mortgage lending, distressed credit, asset management. It is also engaged in investment banking and the management of private equity funds. [1]
- Market Cap ₹ 9,714 Cr.
- Current Price ₹ 102
- High / Low ₹ 115 / 69.0
- Stock P/E 33.0
- Book Value ₹ 43.0
- Dividend Yield 1.96 %
- ROCE 10.2 %
- ROE 7.74 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 22.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 58.9%
- Company's median sales growth is 20.5% of last 10 years
- Company's working capital requirements have reduced from 61.6 days to 44.4 days
Cons
- Company has a low return on equity of 7.82% over last 3 years.
- Earnings include an other income of Rs.104 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
56 | 86 | 104 | 157 | 162 | 425 | 270 | 300 | 373 | 613 | 552 | 819 | 714 | |
7 | 12 | 16 | 18 | 16 | 157 | 133 | 127 | 138 | 186 | 242 | 394 | 408 | |
Operating Profit | 49 | 74 | 88 | 139 | 146 | 268 | 136 | 174 | 234 | 427 | 310 | 425 | 306 |
OPM % | 87% | 86% | 85% | 88% | 90% | 63% | 51% | 58% | 63% | 70% | 56% | 52% | 43% |
0 | 1 | 1 | 0 | 1 | 1 | 1 | 3 | 2 | 6 | 3 | 1 | 104 | |
Interest | 0 | 0 | 8 | 27 | 40 | 35 | 20 | 8 | 7 | 7 | 6 | 6 | 6 |
Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 12 | 12 | 11 | 10 | 11 | 12 |
Profit before tax | 49 | 75 | 80 | 112 | 107 | 233 | 116 | 156 | 217 | 416 | 297 | 410 | 393 |
Tax % | 8% | 5% | 3% | -0% | 0% | 18% | 4% | 19% | 19% | 21% | 14% | 25% | |
45 | 71 | 78 | 112 | 107 | 192 | 111 | 127 | 175 | 328 | 256 | 310 | 294 | |
EPS in Rs | 0.60 | 0.94 | 1.00 | 1.42 | 1.34 | 2.29 | 1.33 | 1.51 | 1.84 | 3.44 | 2.69 | 3.24 | 3.08 |
Dividend Payout % | 151% | 106% | 135% | 102% | 112% | 79% | 75% | 13% | 27% | 48% | 67% | 62% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 25% |
3 Years: | 30% |
TTM: | 78% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 23% |
3 Years: | 21% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 4% |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 8% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 75 | 76 | 78 | 79 | 79 | 84 | 84 | 84 | 95 | 95 | 95 | 96 |
Reserves | 1,544 | 1,543 | 1,565 | 1,576 | 1,646 | 2,407 | 2,398 | 2,489 | 3,408 | 3,641 | 3,792 | 4,014 |
0 | 0 | 122 | 426 | 207 | 1 | 1 | 1 | 72 | 66 | 61 | 54 | |
153 | 172 | 183 | 191 | 121 | 187 | 174 | 269 | 216 | 234 | 216 | 289 | |
Total Liabilities | 1,773 | 1,791 | 1,949 | 2,272 | 2,053 | 2,679 | 2,657 | 2,843 | 3,790 | 4,037 | 4,164 | 4,452 |
1 | 2 | 2 | 3 | 2 | 6 | 5 | 77 | 69 | 61 | 56 | 48 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1,470 | 1,313 | 1,662 | 1,757 | 1,769 | 2,424 | 2,389 | 2,528 | 3,021 | 3,251 | 3,098 | 3,657 |
301 | 476 | 285 | 512 | 282 | 249 | 263 | 238 | 700 | 725 | 1,009 | 747 | |
Total Assets | 1,773 | 1,791 | 1,949 | 2,272 | 2,053 | 2,679 | 2,657 | 2,843 | 3,790 | 4,037 | 4,164 | 4,452 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | -85 | 19 | -221 | 257 | 179 | -37 | 151 | -352 | 203 | -281 | 518 | |
70 | 240 | -275 | 16 | 101 | -472 | 152 | -88 | -382 | -25 | 398 | -433 | |
-75 | -53 | 72 | 182 | -360 | 309 | -139 | -56 | 729 | -108 | -208 | -99 | |
Net Cash Flow | 0 | 102 | -184 | -23 | -1 | 15 | -24 | 8 | -5 | 70 | -91 | -14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 21 | 14 | 27 | 49 | 17 | 22 | 35 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 21 | 14 | 27 | 49 | 17 | 22 | 35 |
Working Capital Days | -187 | 191 | 49 | 587 | 246 | 120 | 221 | 84 | 136 | 57 | 83 | 44 |
ROCE % | 3% | 5% | 5% | 7% | 7% | 12% | 5% | 6% | 7% | 11% | 8% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
16 Aug - Exercise of stock options by the eligible employees under the employees stock options scheme, the Allotment Committee of the Board , at its meeting held …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Aug - Transcript of the Earnings Conference Call held on August 7, 2024
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 9 Aug
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Aug - The Company has uploaded the audio recording of the earnings conference call held today to discuss its financial performance for the first quarter ended June …
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Aug
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2024Transcript PPT
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Oct 2017Transcript PPT
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May 2017Transcript PPT
Business Segments FY23