JM Financial Ltd

JM Financial Ltd

₹ 81.0 -1.04%
29 May 3:00 p.m.
About

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]

Key Points

Business Segments FY23

  • Market Cap 7,745 Cr.
  • Current Price 81.0
  • High / Low 115 / 68.1
  • Stock P/E 25.0
  • Book Value 43.0
  • Dividend Yield 2.48 %
  • ROCE 10.3 %
  • ROE 7.81 %
  • 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 68.1%
  • Company's median sales growth is 20.5% of last 10 years

Cons

  • Company has a low return on equity of 8.01% over last 3 years.
  • Debtor days have increased from 26.4 to 39.5 days.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
127 159 150 154 98 129 66 108 84 142 167 218 191
36 58 44 57 27 70 31 62 63 78 100 98 121
Operating Profit 91 101 106 97 71 59 35 46 21 64 68 120 70
OPM % 72% 64% 71% 63% 73% 45% 53% 43% 25% 45% 40% 55% 36%
6 1 50 2 5 2 62 91 2 3 98 2 2
Interest 2 2 2 2 2 2 2 1 1 2 1 1 1
Depreciation 3 3 3 2 2 3 2 3 3 3 3 3 3
Profit before tax 93 98 152 95 72 56 92 133 19 63 162 118 67
Tax % 26% 23% 16% 24% 25% 23% 9% 9% 39% 21% 12% 24% 59%
69 75 127 72 54 43 84 121 12 50 142 90 27
EPS in Rs 0.72 0.79 1.34 0.75 0.56 0.45 0.88 1.26 0.12 0.52 1.49 0.94 0.29
Raw PDF

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
56 86 104 157 162 425 270 300 373 613 486 718
7 12 16 18 16 157 133 127 138 186 159 394
Operating Profit 49 74 88 139 146 268 136 174 234 427 326 324
OPM % 87% 86% 85% 88% 90% 63% 51% 58% 63% 70% 67% 45%
0 1 1 0 1 1 1 3 2 6 3 102
Interest 0 0 8 27 40 35 20 8 7 7 6 6
Depreciation 0 0 0 0 1 2 2 12 12 11 10 11
Profit before tax 49 75 80 112 107 233 116 156 217 416 313 410
Tax % 8% 5% 3% -0% 0% 18% 4% 19% 19% 21% 13% 25%
45 71 78 112 107 192 111 127 175 328 273 310
EPS in Rs 0.60 0.94 1.00 1.42 1.34 2.29 1.33 1.51 1.84 3.44 2.86 3.24
Dividend Payout % 151% 106% 135% 102% 112% 79% 75% 13% 27% 48% 94% 62%
Compounded Sales Growth
10 Years: 24%
5 Years: 22%
3 Years: 24%
TTM: 48%
Compounded Profit Growth
10 Years: 16%
5 Years: 23%
3 Years: 21%
TTM: 13%
Stock Price CAGR
10 Years: 9%
5 Years: -3%
3 Years: -2%
1 Year: 19%
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 3,721 4,014
0 0 122 426 207 1 1 1 72 66 61 54
153 172 183 191 121 187 174 269 216 234 206 289
Total Liabilities 1,773 1,791 1,949 2,272 2,053 2,679 2,657 2,843 3,790 4,037 4,083 4,452
1 2 2 3 2 6 5 77 69 61 53 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 3,071 3,657
301 476 285 512 282 249 263 238 700 725 959 747
Total Assets 1,773 1,791 1,949 2,272 2,053 2,679 2,657 2,843 3,790 4,037 4,083 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 -265 518
70 240 -275 16 101 -472 152 -88 -382 -25 400 -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 -73 -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 23 39
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 21 14 27 49 17 23 39
Working Capital Days -187 191 49 587 246 120 221 84 136 57 100 61
ROCE % 3% 5% 5% 7% 7% 12% 5% 6% 7% 11% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.75% 54.81% 55.27% 55.42% 55.41% 56.02% 56.02% 56.49% 56.48% 56.47% 56.44% 56.44%
21.75% 21.74% 21.41% 21.83% 21.13% 22.12% 22.14% 21.24% 20.72% 18.82% 17.92% 18.19%
11.80% 10.45% 9.72% 8.78% 8.79% 8.30% 7.35% 7.47% 7.61% 8.06% 8.46% 8.46%
11.71% 13.00% 13.60% 13.97% 14.67% 13.57% 14.49% 14.80% 15.19% 16.66% 17.17% 16.91%
No. of Shareholders 69,79192,69195,17299,22999,90398,30197,86596,9361,06,9891,19,3011,35,1031,58,446

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls