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 ₹ 7,721 Cr.
- Current Price ₹ 80.8
- High / Low ₹ 115 / 59.8
- Stock P/E 11.5
- Book Value ₹ 88.1
- Dividend Yield 2.23 %
- ROCE 8.30 %
- ROE 7.55 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.92 times its book value
- Company has been maintaining a healthy dividend payout of 23.9%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.46% over past five years.
- Company has a low return on equity of 9.09% over last 3 years.
- Debtor days have increased from 80.5 to 135 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
864 | 1,042 | 1,007 | 1,342 | 1,685 | 2,359 | 3,062 | 3,494 | 3,446 | 3,211 | 3,724 | 3,292 | 4,346 | |
383 | 399 | 402 | 448 | 459 | 582 | 767 | 743 | 933 | 1,009 | 1,296 | 1,170 | 1,896 | |
Operating Profit | 482 | 643 | 605 | 895 | 1,225 | 1,777 | 2,295 | 2,751 | 2,513 | 2,202 | 2,429 | 2,122 | 2,449 |
OPM % | 56% | 62% | 60% | 67% | 73% | 75% | 75% | 79% | 73% | 69% | 65% | 64% | 56% |
9 | -0 | -1 | 61 | -0 | -0 | 35 | 6 | 8 | 15 | 39 | 51 | 82 | |
Interest | 296 | 377 | 308 | 420 | 512 | 782 | 1,139 | 1,446 | 1,386 | 1,111 | 1,082 | 1,179 | 1,501 |
Depreciation | 11 | 12 | 15 | 18 | 20 | 23 | 26 | 27 | 41 | 40 | 38 | 42 | 51 |
Profit before tax | 183 | 254 | 280 | 517 | 693 | 972 | 1,165 | 1,283 | 1,094 | 1,067 | 1,348 | 953 | 979 |
Tax % | 33% | 30% | 29% | 30% | 32% | 34% | 33% | 35% | 29% | 24% | 26% | 26% | |
131 | 199 | 225 | 379 | 526 | 649 | 785 | 837 | 778 | 808 | 992 | 709 | 737 | |
EPS in Rs | 2.43 | 2.77 | 4.22 | 5.08 | 5.92 | 7.17 | 6.81 | 6.48 | 6.19 | 8.10 | 6.26 | 7.29 | |
Dividend Payout % | 37% | 37% | 36% | 32% | 29% | 25% | 25% | 15% | 3% | 8% | 20% | 43% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 1% |
3 Years: | -2% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 0% |
3 Years: | 3% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | -2% |
3 Years: | 1% |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 75 | 75 | 76 | 78 | 79 | 79 | 84 | 84 | 84 | 95 | 95 | 95 | 96 |
Reserves | 1,864 | 1,975 | 2,111 | 2,465 | 2,831 | 3,240 | 4,471 | 5,048 | 5,555 | 6,905 | 7,591 | 8,041 | 8,321 |
3,202 | 4,197 | 2,988 | 4,723 | 6,672 | 9,444 | 14,988 | 13,991 | 11,756 | 12,405 | 13,498 | 15,939 | 17,031 | |
564 | 679 | 756 | 1,239 | 1,480 | 3,782 | 2,664 | 3,517 | 3,351 | 3,973 | 4,477 | 5,137 | 6,025 | |
Total Liabilities | 5,705 | 6,927 | 5,930 | 8,505 | 11,061 | 16,545 | 22,206 | 22,640 | 20,746 | 23,378 | 25,661 | 29,213 | 31,471 |
104 | 101 | 228 | 445 | 444 | 474 | 427 | 424 | 450 | 423 | 414 | 505 | 547 | |
CWIP | 0 | 0 | 1 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 7 | 12 |
Investments | 570 | 568 | 495 | 640 | 772 | 2,156 | 2,388 | 2,933 | 4,014 | 5,802 | 3,639 | 3,584 | 4,167 |
5,030 | 6,258 | 5,207 | 7,418 | 9,844 | 13,913 | 19,388 | 19,282 | 16,280 | 17,153 | 21,605 | 25,116 | 26,745 | |
Total Assets | 5,705 | 6,927 | 5,930 | 8,505 | 11,061 | 16,545 | 22,206 | 22,640 | 20,746 | 23,378 | 25,661 | 29,213 | 31,471 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
376 | -402 | 1,058 | -1,717 | -918 | -2,546 | -3,584 | 773 | 3,164 | 969 | -3,458 | -2,449 | |
185 | 167 | 585 | -281 | 264 | -326 | -708 | -148 | -901 | -2,249 | 2,614 | -443 | |
-496 | 256 | -1,594 | 1,783 | 1,305 | 2,424 | 4,540 | -522 | -2,205 | 1,296 | 1,281 | 2,153 | |
Net Cash Flow | 66 | 21 | 48 | -215 | 651 | -448 | 247 | 103 | 58 | 16 | 437 | -739 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 67 | 63 | 71 | 62 | 77 | 182 | 102 | 72 | 34 | 58 | 49 | 135 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 67 | 63 | 71 | 62 | 77 | 182 | 102 | 72 | 34 | 58 | 49 | 135 |
Working Capital Days | 1,176 | 1,072 | 678 | 752 | 601 | 588 | 268 | 295 | 235 | 288 | 230 | 411 |
ROCE % | 9% | 11% | 10% | 14% | 13% | 15% | 13% | 13% | 12% | 10% | 11% | 8% |
Documents
Announcements
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR ) Regulations, 2015 For The Year Ended March 31, 2024 8 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) of the SEBI(Depositories and Participants) Regulations, 2018 for the quarter ended march 31, 2024 We are enclosing the certificate of compliance …
-
Authority For Determining Materiality Of Events/Information
30 Mar - Listing Regulations, please find enclosed list of authorised persons who shall determine the materiality of events/information and make disclosures to stock exchanges, if any.
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
30 Mar - Mr. Mehra has ceased to hold the office as such effective from the close of business hours on March 28, 2024. Consequent to the above, …
- Closure of Trading Window 26 Mar
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
Concalls
-
Feb 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
Aug 2023TranscriptNotesPPT
-
May 2023TranscriptPPT
-
May 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
Jun 2022TranscriptNotesPPT
-
Jun 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Mar 2022TranscriptNotesPPT
-
Mar 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Oct 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
May 2021Transcript PPT
-
May 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
Jan 2021TranscriptNotesPPT
-
Oct 2020TranscriptNotesPPT
-
Oct 2020TranscriptNotesPPT
-
Oct 2020Transcript PPT
-
Jul 2020TranscriptNotesPPT
-
Jun 2020TranscriptNotesPPT
-
Jun 2020Transcript PPT
-
May 2020TranscriptNotesPPT
-
May 2020TranscriptNotesPPT
-
May 2020TranscriptNotesPPT
-
Jan 2020TranscriptNotesPPT
-
Oct 2019Transcript PPT
-
Aug 2019TranscriptNotesPPT
-
May 2019Transcript PPT
-
May 2019TranscriptNotesPPT
-
Apr 2019TranscriptNotesPPT
-
Jan 2019TranscriptNotesPPT
-
Oct 2018Transcript PPT
-
Oct 2018TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
Jul 2018TranscriptNotesPPT
-
May 2018TranscriptPPT
-
Jan 2018TranscriptNotesPPT
-
Oct 2017Transcript PPT
-
May 2017Transcript PPT
Business Segments FY23