JM Financial Ltd.
Snapshot View

106.35 +4.05 ▲4.0%

26 July 2021, 04:00:00 P.M.
Volume: 235,810

Overview View Details

Sector Finance Compare with Sector peers
Industry Finance - Investment Compare with Industry peers
Website http://www.jmfl.com
Financial Indicators
Market Cap 10,140.17 Cr.
Earnings per share (EPS) 6.19 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 17.18 Trailing Twelve Months Ending 2021-03
Industry PE 34.54 Trailing Twelve Months Ending 2021-03
Book Value / Share 73.13 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.45 Calculated using Price: 106.35
Dividend Yield 0.47 Period Ending 2021-03
No. of Shares Subscribed 95.35 Cr. 953,471,512 Shares
FaceValue 1
Company Profile

JM Financial incorporated on January 30, 1986, is a financial services company. The company was incorporated under the name JM Share & Stock Brokers (JMSSB). The name of the company was changed to present one on October 29, 2004. It has pioneered several strategies and transactions for a wide client base spread across geographies and thus developed rich experience and expertise. Every idea is unique to the need of the client and supported by superior execution to deliver maximum benefits. In the course of company’s journey, it has partnered with several top Indian and International corporate houses and gained their trust and confidence. Its well established processes ensure total confidentiality for all its clients, thereby giving them absolute confidence on conflict management and maintenance of confidentiality.

Business area of the company

JM Financial is one of India’s prominent financial services groups, specialising in providing a spectrum of businesses to corporations, financial institutions, high net-worth individuals and retail investors. It is known for its diverse businesses which comprises of (a) Investment Banking, Wealth Management and Securities (IWS) which includes fee and fund based activities for its clients; (b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP); (c) Distressed credit which includes the Asset Reconstruction business and (d) Asset Management which includes the mutual fund business.

Awards & Recognition

  • 2008: Ranked among Top 50 Companies by Great Places To Work Institute.
  • 2009: JM Financial Services has been recognized by Euromoney, amongst the Top 10 Best Private Banking Services.
  • 2010: Best Retail Broking House - Fastest Growing Equity Broking House (Large Firms).
  • 2011: JM Financial wins ’Team of the Year’ in the Indian Investment Banks category.
  • 2012: JM Financial Services honoured as the Best Performing National Financial Advisor – Institutional.
  • 2013: JM Financial Services has been recognized by BSE, amongst the Top 10 performers in the Equity Segment (Retail Trading).
  • 2014: JM Financial Services Limited - Ranked amongst ’India's 100 Best Companies To Work For 2015’ - Overall.
  • 2014: JM Financial Asset Management–Ranked 5th best in the Financial Services Industry category in ’India’s Best Companies to Work For 2015’.
  • 2015: JM Financial Institutional Securities awarded ‘Best Corporate and Institutional Bank –Domestic’ and ‘Best Equity House’.
  • 2015: JM Financial Institutional Securities Limited - awarded the M&A Deal Maker of the Year.
  • 2015: JM Financial Institutional Securities Limited - awarded Highest Independent Honour in India.
  • 2016: JM Financial Services has been recognized by National Stock Exchange, amongst the Top 10 performers in the Cash Segment for the year 2015-16.
  • 2016: JM Financial Institutional Securities has emerged as QIP Dealmaker of the Year in the Business World-PWC I-banking Survey 2016.
  • 2016: JM Financial Services has been recognized by BSE, amongst the Top Performers in Sovereign Gold Bonds.
  • 2017: JM Financial Services - Recognized as ‘India's Best Companies To Work For 2017 - Investments Industry’.
  • 2017: JM Financial Services has been awarded the Market Achievers Award in the Highest IPO Bidding - Non-Institutional Category.
  • 2017: JM Financial Services has been recognized by BSE, amongst the Top Performers in the Equity Broking Segment (Retail Trading).
  • 2018: JM Financial Limited - Ranked 43rd in India’s Great Mid-Size Workplaces.
  • 2018: JM Financial Services has been recognized by BSE Ltd., amongst the Top Performers in the Equity Broking Segment (Retail Trading).
  • 2018: JM Financial awarded for the Best M&A deal (Tata Chemicals US$ 400 million sale of the urea business to Yara International).
  • 2018: JM Financial awarded ‘Best M&A Adviser’.
  • 2019: JM Financial awarded the Best Investment Bank.
  • 2019: JM Financial Services Limited has been Recognized among India’s 20 Best Workplaces in BFSI - 2019 by Great Place to Work.
  • 2019: JM Financial Services has been recognized by BSE, amongst the Top Performers in Primary Market Segment (Debt Public Issue Bids - Members).
  • 2019: JM Financial awarded for the ‘Best IPO’ (Embassy Office Parks REIT US$ 688 million IPO).
  • 2020: JM Financial Asset Management, JM Financial (Institutional Businesses), JM Financial Products (Dwello), JM Financial Home Loans and JM Financial Services accredited as a ‘Great Place to Work-Certified’ by the Great Place to Work Institute.
  • 2020: JM Financial awarded for the CSR Healthcare Project, implemented by JM Financial Foundation in the Dumri Block-Giridih district, Jharkhand.
  • 2020: JM Financial Services has been recognized by BSE, amongst the Top Performers in Primary Market Segment (Equity – IPO/FPO Bids - Members).

Key events and milestones

  • 1973: JM Financial & Investment Consultancy Services (JMFICS), established in Mumbai.
  • 1979-1980: JMFICS filed first offer document for listing securities of an Indian client with FSA, London.
  • 1979-1980: JMFICS became the first to introduce fully convertible debentures in Indian Capital Markets.
  • 1986: JM Financial Share & Stock Brokers, now known as JM Financial (holding company), was incorporated to engage in the business of Stock Broking and Securities.
  • 1986: Regional office set up in Delhi.
  • 1989-1994: JMFICS introduced equity warrants in the Indian Capital Markets.
  • 1989-1994: JM Financial Limited listed on the Bombay, Ahmedabad and Delhi Stock Exchanges.
  • 1989-1994: JMFICS introduced Deep Discount Bond in Indian Capital Markets.
  • 1989-1994: JMFICS managed four transactions of Securities Offerings in excess of Rs. 100 crores each, a size unmatched till then in Indian markets.
  • 1989-1994: JM Financial Asset Management, the first private sector Mutual Fund, commenced operations.
  • 1989-1994: Tied up with CSFB, S. G. Warburg & Co. Morgan Grenfell and DZ, British Investment Banks on informal basis.
  • 1999: Formed a joint venture with Morgan Stanley in the areas of Investment Banking and Securities business.
  • 2002-2006: Managed India’s first IPO through Book Building.
  • 2002-2006: Recorded three firsts in India - first Indian dual tranche FCCB issue, first billion dollar IPO, first conditional IPO.
  • 2002-2006: Launched Private Equity Fund.
  • 2007: Separated from joint venture with Morgan Stanley.
  • 2007: Continued to lead the Indian Investment Banking / Financial Services industry as a 100% Indian Company.
  • 2007: Acquired ASK Securities (renamed as JM Financial Institutional Securities), a institutional securities firm.
  • 2007: Launched Real Estate Fund.
  • 2008-2012: Initiated expansion of business in International Jurisdictions.
  • 2008-2012: Commenced Asset Reconstruction Business.
  • 2008-2012: Expanded operations in Fixed Income Business.
  • 2008-2012: Managed India’s first IDR issue.
  • 2012-2017: Announced partnership in the Real Estate NBFC with an fund, managed by Mr. Vikram Pandit and associates.
  • 2012-2017: Established step down subsidiary in the USA to cater to and service overseas clients/investors.
  • 2012-2017: Received license for Housing Finance from National Housing Bank (NHB).
  • 2012-2017: Commenced SME Business.
  • 2020: Raised Rs 770 crore by issuing shares to a set of investors through qualified institutional placement (QIP).

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.96%
1 Week
-2.88%
1 Month
+16.61%
3 Month
+32.77%
6 Month
+28.06%
1 Year
+37.40%
2 Year
+51.50%
5 Year
+51.17%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 9.02 9.51 15.33 17.33 20.53 19.97 17.36 14.52 12.81
Return on Capital Employed (%) 11.08 10.29 15.05 14.30 14.79 13.69 14.12 13.58 11.85
Return on Assets (%) 2.83 3.11 5.00 4.81 4.61 4.04 3.73 3.58 3.66

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 2,051 2,197 2,543 2,909 3,319 4,555 5,132 5,639 7,000
Non Curr. Liab. 566 555 407 2,637 4,241 10,104 10,184 143 102
Curr. Liab. 4,160 3,013 4,901 4,846 7,875 5,630 4,690 12,468 13,569
Minority Int. 150 165 655 669 1,109 1,918 2,634 2,496 2,676
Equity & Liab. 6,927 5,930 8,505 11,061 16,545 22,206 22,640 20,746 23,347
Non Curr. Assets 1,714 2,225 3,999 5,759 7,417 1,312 1,330 2,323 2,224
Curr. Assets 5,214 3,705 4,505 5,302 9,128 20,894 21,310 18,423 21,123
Misc. Exp. not W/O
Total Assets 6,927 5,930 8,505 11,061 16,545 22,206 22,640 20,746 23,347

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 797 829 1,196 1,495 2,159 3,054 3,549 3,432 3,197
Other Income 245 178 207 190 200 46 20 22 29
Total Income 1,042 1,007 1,403 1,685 2,359 3,100 3,569 3,454 3,227
Total Expenditure -399 -403 -448 -459 -582 -770 -813 -933 -1,009
PBIDT 643 603 955 1,225 1,777 2,330 2,756 2,520 2,217
Interest -377 -308 -420 -512 -782 -1,139 -1,446 -1,386 -1,111
Depreciation -12 -15 -18 -20 -23 -26 -27 -41 -40
Taxation -75 -80 -156 -222 -335 -382 -446 -316 -261
Exceptional Items
PAT 179 200 361 470 637 783 836 778 806

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -402 1,058 -1,717 -918 -2,546 -3,584 773 3,164 969
Cash Fr. Inv. 167 585 -281 264 -366 -708 -148 -901 -2,249
Cash Fr. Finan. 256 -1,594 1,783 1,305 2,424 4,540 -522 -2,205 1,296
Net Change 21 48 -215 651 -488 247 103 58 16
Cash & Cash Eqvt 359 407 192 843 396 649 752 810 826

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 62.01 62.06 62.06 62.05 54.84 54.82 54.81 54.79 54.75
Public 37.99 37.94 37.94 37.95 45.16 45.18 45.19 45.21 45.25
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 17 Jul 2021
Shareholding for the Period Ended June 30 2021
JM Financial Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Sat, 17 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Re: Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 for the quarter ended June 30 2021.

We are enclosing the certificate of compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 as received by us from our Registrar and Share Transfer Agents viz. KFin Technologies Private Limited for the quarter ended June 30 2021.

Kindly acknowledge receipt of the above Certificate.
Sat, 17 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Prashant Choksi
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Mon, 26 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
PSAR Indicating Bearish Reversal PSAR Indicating Bearish Reversal
Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index

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