JM Financial Ltd (JMFINANCIL) — shareholding pattern, promoter holding, financials and share price
About JM Financial Ltd (JMFINANCIL)
JM Financial Ltd operates in the Holding Company industry, within the Financial Services sector. It trades on the NSE as JMFINANCIL and on the BSE under scrip code 523405. Its ISIN is INE780C01023.
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]
JM Financial is an integrated and diversified financial services group that provides investment banking, institutional equities, wealth management, asset management, private markets, affordable home loans, and treasury services across retail, HNI, institutional and corporate segments through a network of subsidiaries and distribution channels.
Financial momentum is strong: consolidated PAT was Rs.313 crore in Q3FY26 (up 50% YoY) and Rs.1,037 crore for 9MFY26 (up 69% YoY), driven by a 32% YoY rise in fees and commission; operating PAT expanded materially, reflecting improving profitability across Private Markets and Corporate Advisory for JM Financial.
Listed peers in Holding Company: Choice International Ltd, Edelweiss Financial Services Ltd, Kama Holdings Ltd, Pilani Investment & Industries Corporation Ltd, Rane Holdings Ltd, BF Investment Ltd.
Valuation & Returns
10 Jul 2026At ₹124.7 a share on 10 Jul 2026, JM Financial Ltd (JMFINANCIL) was valued at a price-to-earnings ratio of 10.14x against an industry P/E of 19.5x and a price-to-book of 1.23x on a book value of ₹101.65 per share as of Mar 2025. Solomo computes return on equity of 12.1% and return on capital employed of 11.52% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 10.14x
- Industry P/E
- 19.5x
- P/B
- 1.23x
- EPS (TTM)
- ₹12.3
- Book value / share
- ₹101.65
- ROE
- 12.1%
- ROCE
- 11.52%
- ROA
- 4.8%
- Debt / equity
- 1.17x
- Dividend yield
- 2.61%
- EBITDA margin
- 65.74%
- 52-week range
- ₹112.3 – ₹199.75
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, JM Financial Ltd (JMFINANCIL) reported revenue of ₹4,223 crore, net profit of ₹1,201 crore and earnings per share of ₹12.57. That compares with revenue of ₹4,410 crore and net profit of ₹774 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹949 crore and net profit ₹162 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 3,724 | 3,292 | 4,787 | 4,410 | 4,223 |
| Net profit (₹ cr) | 992 | 709 | 31 | 774 | 1,201 |
| EPS (₹) | 8.1 | 6.26 | 4.29 | 8.59 | 12.57 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 42.26% | 26.69% | 14.31% | -7.88% |
| Profit growth | 19.04% | 33.45% | 18.01% | - |
| Stock price CAGR | 9% | 2% | 19% | -26% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 57.03% of JM Financial Ltd (JMFINANCIL) (down 0.04 pp QoQ), foreign institutional investors (FII) hold 16.95% and domestic institutional investors (DII) hold 5.49%. Market capitalisation was ₹11,933 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: TIMF HOLDINGS 2.36%, BARON EMERGING MARKETS FUND 2.2%, QUANT MUTUAL FUND - QUANT SMALL CAP FUND 1.75%, ICICI PRUDENTIAL (VARIOUS SCHEMES) 1.54%, VIKRAM SHANKAR PANDIT 1.21%, THINK INDIA OPPORTUNITIES MASTER FUND LP 1.21%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 57.03% | - | 16.95% | 5.49% | 42.97% |
| Mar 2026 | 57.07% | - | 17.15% | 5.89% | 42.93% |
| Dec 2025 | 56.9% | - | 17.7% | 5.77% | 43.1% |
| Sep 2025 | 56.6% | - | 18.38% | 5.61% | 43.4% |
| Jun 2025 | 56.51% | - | 17.69% | 6.53% | 43.49% |
| Mar 2025 | 56.5% | - | 17.49% | 7.07% | 43.5% |
| Dec 2024 | 56.43% | - | 17.01% | 7.2% | 43.57% |
| Sep 2024 | 56.43% | - | 15.31% | 8.57% | 43.57% |