JM Financial share price
NSE: JMFINANCILBSE: 523405FinanceSmall Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹107.22.
27 Oct: open ₹106.88, high ₹110.09, low ₹106.48
- Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹10,478 Cr494th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 10.07
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.98
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.97%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 1.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 16,31,45351.7% delivered
About JM Financial
JM Financial Limited is a diversified financial services group with its registered office in Mumbai. It serves institutional, corporate, government and ultra-high-net-worth clients, along with individual investors and home loan customers. It was incorporated in 1986.
The business is organised in four segments. Corporate Advisory and Capital Markets covers investment banking, institutional equities and research. Wealth and Asset Management includes the wealth management business, broking, portfolio management services, alternative investment funds and a mutual fund business. Private Markets comprises private credit, which spans corporate, bespoke, real estate and distressed credit, and investments such as private equity funds and real estate investment trusts. Affordable Home Loans is the affordable housing finance business, which began operations in 2017 and lends through 151 branches in India.
The group works through fourteen subsidiary companies, one associate company, a partnership firm and an association of persons. In the year to March 2026, it raised its holding in JM Financial Credit Solutions Limited to 100 per cent, making it a wholly owned subsidiary. In the same year, Bajaj Life Insurance Limited acquired a stake of about 2.1 per cent in JM Financial Home Loans Limited. The company also transferred its private wealth business to JM Financial Services Limited, a wholly owned subsidiary, with effect from April 2025, and set up JM Financial Private Wealth, Inc in Delaware, United States, in November 2025.
Written from the annual report for the year to Mar 2026, filed 10 Jul 2026 and the investor presentation.
Sources for 17 statements, each with its page
- Registered office in Mumbai. Annual report, page 1
- Incorporated in 1986 (CIN year). Annual report, page 1
- Serves institutional, corporate, government and ultra-high-net-worth clients. Annual report, page 4
- Corporate Advisory and Capital Markets includes investment banking, institutional equities and research. Annual report, page 4
- Wealth and Asset Management includes wealth management, broking. Annual report, page 4
- Also PMS, AIFs and mutual fund business. Annual report, page 4
- Private Markets comprises private credit. Annual report, page 4
- Private Markets includes investments such as private equity funds and REITs. Annual report, page 4
- Affordable Home Loans is the affordable housing finance business. Annual report, page 4
- Housing finance began operations in 2017. Annual report, page 46
- 151 branches in India. Annual report, page 46
- Fourteen subsidiaries, one associate, partnership firm, association of persons. Annual report, page 30
- JM Financial Credit Solutions raised to 100%, wholly owned subsidiary. Annual report, page 5
- Bajaj Life acquired 2.1% of JM Financial Home Loans. Annual report, page 5
- Private wealth business transferred to JM Financial Services Limited, wholly owned subsidiary, effective April 1 2025. Annual report, page 30
- Effective date of transfer April 1, 2025. Annual report, page 30
- JM Financial Private Wealth, Inc incorporated in Delaware Nov 10 2025. Annual report, page 30
Results
Consolidated; ₹ crore.JM Financial quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −5.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −5.8%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,201 Crup 26.49%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹369 Crup 127.62%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 30.7%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,191 | 1,106 | 1,004 | 1,111 | 1,031 | 999 | 949 | 1,201 |
| Net profit | 144 | 207 | 235 | 459 | 262 | 318 | 162 | 369 |
| Net margin | 12.1% | 18.7% | 23.4% | 41.3% | 25.4% | 31.9% | 17.1% | 30.7% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,091 Crdown 6.55%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,201 Crup 55.26%
- Net margin
- 29.4%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, the company's revenue for that year, ₹3,235 Cr, differs from its quarters added, ₹3,181 Cr. From the year to Mar 2019, the company's revenue for that year, ₹3,542 Cr, differs from its quarters added, ₹3,631 Cr. From the year to Mar 2023, the company's revenue for that year, ₹3,265 Cr, differs from its quarters added, ₹3,422 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,357 | 3,235 | 3,542 | 3,432 | 3,197 | 3,707 | 3,265 | 4,761 | 4,378 | 4,091 |
| Net profit | 470 | 631 | 837 | 778 | 808 | 992 | 709 | 31 | 774 | 1,201 |
| Net margin | 19.9% | 19.5% | 23.6% | 22.7% | 25.3% | 26.8% | 21.7% | 0.6% | 17.7% | 29.4% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Wealth and Asset ManagementWealth and Asset Management, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,459 Cr32.2%
- Private MarketsPrivate Markets, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,298 Cr28.6%
- Corproate Advisory and Capital MarketsCorproate Advisory and Capital Markets, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹946 Cr20.9%
- Affordable Home LoansAffordable Home Loans, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹455 Cr10.0%
- Treasury and othersTreasury and others, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹376 Cr8.3%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2018, Mar 2019 and Mar 2023: days before it are of the company before the change.JM Financial PE ratio and valuation
At or below today's level on 27% of 2,466 trading days over the last 10 years.
At or below today's level on 29% of 1,856 trading days since Oct 2018.
At or below today's level on 91% of 2,447 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +21.1% | +46.3% | −19.2% | 2.9% |
| 3 years | +26.8% | +26.2% | −1.7% | 2.8% |
| 5 years | +8.8% | +15.2% | −7.9% | 2.8% |
Mutual fund holdings
49 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 42 of the 45 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 49 funds holding JM Financial
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 14
- CutCut. Funds that held fewer shares than at the end of the month before.
- 31
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 3
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
 quant Small Cap Fundquant Mutual Fund | 1,67,14,161 | 0.61% | ₹215.6 Cr |
 Motilal Oswal Small Cap FundMotilal Oswal Mutual Fund | 1,10,34,381 | 1.72% | ₹142.4 Cr |
 ICICI Prudential Dividend Yield FundICICI Prudential Mutual Fund | 54,90,603 | 1.12% | ₹70.8 Cr |
| ICICI Prudential Infrastructure FundICICI Prudential Mutual Fund | 46,95,819 | 0.74% | ₹60.6 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 18,61,278 | 0.07% | ₹24.0 Cr |
 JioBlackRock Flexi Cap FundJio BlackRock Mutual Fund | 13,73,372 | 0.56% | ₹17.7 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 5,96,117 | 0.22% | ₹7.69 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 4,67,762 | 0.22% | ₹6.04 Cr |
 SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 3,02,816 | 0.22% | ₹3.91 Cr |
| Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 2,14,801 | 0.22% | ₹2.77 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.JM Financial insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Employees: no market trade · 18 off-market moves
- Others: no market trade · 3 off-market moves
JM Financial competitors and peers
Holding Company, 15 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to JM Financial in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 Bajaj FinservBAJAJFINSV | 2,68,666 | 26.48 | 3.45 | +14.4% | +6.5% | 13.5% | – | 2.79% | 8.00% | 0.09% |
 Bajaj Holdings & InvestmentBAJAJHLDNG | 1,21,321 | 13.70 | 1.66 | +30.2% | +5.5% | 13.0% | 1.1% | – | – | 1.79% |
 Choice InternationalCHOICEIN | 16,066 | 66.11 | 9.61 | +26.6% | – | 18.0% | 14.7% | – | – | 0.00% |
 Edelweiss Financial ServicesEDELWEISS | 11,624 | 19.31 | 2.51 | +14.0% | +48.0% | 13.3% | 11.3% | – | – | 1.22% |
 Rane HoldingsRANEHOLDIN | 2,142 | 25.37 | 1.86 | +25.8% | – | 7.5% | 9.9% | – | – | 3.13% |
 BF InvestmentBFINVEST | 1,482 | 3.80 | 0.17 | +22.7% | +398.7% | 5.0% | 0.8% | – | – | 2.54% |
 Balmer Lawrie InvestmentsBLIL | 1,390 | 7.75 | 0.97 | +8.8% | +2.4% | 12.7% | 12.7% | – | – | 6.87% |
 Abans Financial ServicesAFSL | 1,030 | 8.03 | 0.82 | +427.8% | +17.1% | 11.0% | 9.7% | – | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.JM Financial dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 12 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.75 |
| 14 Nov 2025 | Interim | ₹1.50 |
| 13 Jun 2025 | Final | ₹2.70 |
| 7 Jun 2024 | Final | ₹2.00 |
| 19 May 2023 | Final | ₹0.90 |
| 24 Nov 2022 | Interim | ₹0.90 |
Latest announcements
Routine notices left out.JM Financial announcements
Oct 2026
Sep 2026
10 Sep · General Updates
3 Sep · General Updates
JM Financial share price by year
Each calendar year to 2025.JM Financial share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 150.10 | +15.5% | 193.02 | 84.06 |
| 2024 | 130.00 | +32.2% | 161.96 | 71.95 |
| 2023 | 98.30 | +37.5% | 102.10 | 58.55 |
| 2022 | 71.50 | −3.9% | 83.50 | 57.85 |
| 2021 | 74.40 | −11.9% | 111.75 | 68.50 |
| 2020 | 84.45 | −10.4% | 121.80 | 57.05 |
| 2019 | 94.20 | +0.4% | 96.10 | 64.95 |
| 2018 | 93.85 | −40.3% | 168.65 | 64.95 |
| 2017 | 157.20 | +137.3% | 186.30 | 67.70 |
| 2016 | 66.25 | +40.2% | 87.70 | 34.45 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 105.75 | 109.20 | 103.00 | 107.22 | 106.55 | 13,02,588 | 39.5% |
| 23 Oct 2026 | 111.69 | 111.69 | 104.60 | 106.19 | 106.11 | 25,83,905 | 48.0% |
| 22 Oct 2026 | 113.96 | 113.96 | 108.50 | 110.97 | 110.58 | 31,03,795 | 42.5% |
| 21 Oct 2026 | 117.88 | 118.63 | 112.98 | 113.96 | 115.04 | 24,01,477 | 48.9% |
| 19 Oct 2026 | 121.90 | 121.90 | 116.78 | 117.24 | 118.40 | 17,23,566 | 64.1% |
| 16 Oct 2026 | 121.00 | 122.47 | 119.05 | 121.38 | 121.13 | 17,09,484 | 38.6% |
| 15 Oct 2026 | 119.50 | 120.79 | 118.61 | 119.88 | 119.71 | 11,21,921 | 39.7% |
| 14 Oct 2026 | 120.27 | 122.03 | 119.38 | 119.69 | 120.67 | 15,94,032 | 48.2% |
| 13 Oct 2026 | 117.76 | 120.80 | 117.21 | 120.37 | 118.71 | 13,22,241 | 38.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 8 Sep 2008 | Bonus | 0.4000 | Holders received 3 bonus shares for every 2 held. |
| 8 Sep 2008 | Split | 0.1000 | Each share became 10. |
Company details
- NSE symbol
- JMFINANCIL
- BSE code
- 523405
- ISIN
- INE780C01023
- Industry
- Finance
- Website
- www.jmfl.com
- CIN
- L67120MH1986PLC038784
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1986
- Registered office
- 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments