JM Financial share news, announcements and annual reports
NSE: JMFINANCILBSE: 523405FinanceSmall Cap
JM Financial Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jul 1991 on BSE, Oct 2006 on NSE
Last close ₹107.78down ₹6.23 (5.46%)BSE ₹107.85
Share price at the NSE close on 30 Oct 2026. Previous close ₹114.01.
30 Oct: open ₹114.01, high ₹114.01, low ₹107.15
52-week range of traded prices to 30 Oct 2026
₹103.00Low, 26 Oct 2026₹173.02High, 30 Oct 2025
- Next results date: the board meets on 4 Nov 2026 to consider: financial results and dividend. 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
- ₹10,315 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
- 9.92
- 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
- 0.97
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 3.02%
- 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
- 18,19,96254.7% delivered
JM Financial share news and announcements
1,083 announcements, routine notices left out, newest first. Page 22 of 22.
May 2008
29 May · Corporate action
Board of Directors of the Company at its meeting held on May 28, 2008, the Board considered and approved, subject to the approval of shareholders, the issue of bonus shares in the ratio of three (3) Shares for every two (2) shares held by the shareholders and to split the face value of the shares of the Company to Re.1 per share from existing Rs.10 per share. Both the above corporate actions will be effected in relation to shares held by shareholders on the "Record Date" to be determined by the Board.29 May · Dividend
Board of Directors of the Company at its meeting held on May 28, 2008 have recommended a dividend of 50% (Rs.5 per share). Further, the Board has also recommended a special dividend of 200% (Rs.20 per share) considering an exceptional income, being the profit on sale of 49% equity stake in Morgan Stanley India Company Private Limited (MSICPL) to Morgan Stanley.6 May · Board meeting
To consider, inter alia, the following : 1) Audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account for the year ended on that date. 2) Recommend the dividend, if any.
Apr 2008
16 Apr · Grant of Options
The Company has granted 445,500 options giving rise to issuance of equivalent number of equity shares of the face value of Rs.10/- each to the eligible employees/directors of the Company and its subsidiaries (the employees). The said options will be vested in the employees in three tranches (1/3rd each) commencing from the completion of third, fourth and fifth year from the date of grant of options viz., April 15, 2008. The options vested in the employees are exercisable within 7 years from the date of grant of the said options7 Apr · Results
The Company shall publish its Audited Financial Results within a period of 3 months of the close of its accounting year ended on March 31, 2008. In View of this, the Company will not publish its Unaudited Financial Results for the last quarter within the stipulated period of one month of the closing of the accounting year
Mar 2008
31 Mar · Updates
Compensation Committee of the Company at its meeting held on March 29, 2008 has decided to cancel the 445,500 stock options granted earlier to the employees/ directors of the Company and its subsidiaries.31 Mar · Business
Press release dated March 29, 2008, titled "JM Financial buys out its joint venture business - JM Financial Ask Securities". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.24 Mar · Management
Mr. Manish Sheth has resigned as Manager of the Company with effect from March 19, 2008. However, Mr. Sheth will continue to be the Chief Financial Officer of the Company.17 Mar · Results
"The chairman has announced the result of postal ballot upon receipt of the Scrutinizer's Report. The Special resolution authorizing the Board of Directors to contribute to the charitable and other funds in excess of the limits prescribed under Section 293(1) (e) of the companies Act, 1956 has been duly passed with requisite majority.3 Mar · Limited Review Report
Auditor's have conducted the limited review of the Unaudited financial results for the three months and nine months ended December 31, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2008
28 Feb · Meeting
Pursuant to section 192A(2) of the Companies act, 1956 read with companies (passing of the resolution by postal ballot) rules 2001,that consent of the shareholders of JM Financial Limited is sought to pass the proposed resolution (as per attachment) by the means of postal ballot. The Board of Directors at its meeting held on January 29, 2008 has appointed Mr. B V Dholkia, Practising Company Secretary, Mumbai as the scrutiniser. The dully completed postal ballot should reach the Scrutinizer on or before March 11,2008.The Scrutinizer will submit his report to the Chairman of the Company after completing the scrutiny of Postal Ballot Forms. The results of the postal ballot will be announced by the Chairman or any other Director of the Company at the Annual General Meeting of the Company. A copy of the notice of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2008
29 Jan · Business
Press release dated January 29, 2008, with respect to Unaudited Financial Results for the quarter ended December 31, 2007". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.7 Jan · Grant of Options
The Company has granted 445,500 options giving rise to issuance of equivalent number of equity shares of the face value of Rs.10/- each to the eligible employees of the Company and/ or its subsidiaries (the employees). The said options will be vested in the employees in three tranches (1/3rd each) commencing from the completion of fourth, fifth and sixth year from the date of grant of options viz., December 27, 2007. The options vested in the employees are exercisable within 7 years from the date of grant of the said options2 Jan · Board meeting
Inter alia, to consider and take on record the Unaudited Financial Results for the third quarter ended December 31, 2007.
Oct 2007
29 Oct · Management
The Board of Directors of the Company has decided to appoint Mr. Paul Sebastian Zuckerman as an additional director on the Board of the Company. Mr. Zuckerman will be an independent director of the Company.29 Oct · Business
Press release dated October 29, 2007, titled "JM Financial Quarterly consolidated Revenues soar by 121.44%, Net Profit by 181.54% Six Months consolidated Revenues soar by 72.76%, Net Profit by 55.12%". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.10 Oct · Board meeting
Meeting on 29 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”5 Oct · Business
Jm Financial Limited had informed the Exchange regarding the 'in-principle' decision to terminate the joint venture with Morgan Stanley that was established in 1999 in the areas of investment banking and securities businesses. The Company has now informed the Exchange vide its letter dated October 05, 2007 that "The Company has today completed the above transaction. Accordingly, the Company has completed the purchase of 49% equity stake of Morgan Stanley in investment banking company viz., JM Financial Consultants Private Ltd. (formerly known as JM Morgan Stanley Private Ltd.) for US $ 20 mn (INR equivalent Rs.79.43 crore). Similarly, the Company has also completed the sale of its 49% equity stake in Morgan Stanley India Company Private Ltd. (formerly known as JM Morgan Stanley Securities Private Ltd.) to Morgan Stanley for US $ 445 mn (INR equivalent Rs.1767.09 crore). With this, the Company now owns 100% of the investment banking company".
Sep 2007
12 Sep · Meeting
Following particulars of the resolutions passed by the members unanimously at the Annual General Meeting held on September 6, 2007 : 1) Declaration of Dividend of Rs. 5 per share for the year ended March 31, 2007. 2) Reappointment of Mr. Nimesh N Kampani and Mr. Ashith N Kampani as Directors of the Company. 3) Appointment of M/s. Khimji Kunverji & Co., Chartered Accountants, as Auditors of the Company. 4) Increase in the ceiling of the remuneration payable to Mr. Manish Sheth, Manager. 5) Approval under Section 314 (1) of the Companies Act, 1956 to Mr Ashith N Kampani, a Director of the Company to hold the office or place of profit under JM Financial Consultants Pvt Ltd, a subsidiary of the Company. 6) Approval under Section 81 (1A) of the Companies Act, 1956 to offer, issue and allot the equity shares of the Company to the Employees under the Employee Stock Option Scheme (ESOS). 7) Approval to extend the benefits of the ESOS to the employees and directors of the subsidiary companies. 8) Approval to offer the maximum number of options that may be granted under ESOS to any one of the Non-Executive Directors of the Company.
Jul 2007
30 Jul · Business
Press release dated July 30, 2007, titled "JM Financial announces unaudited results for the quarter ended June 30, 2007". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.11 Jul · Board meeting
Meeting on 30 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”4 Jul · Business
July 04, 2007, that: "The Board of Directors of JM Financial Limited ("the Company") has at their meeting held today approved, 'in principle', the proposal to enter into a joint venture with ASK Group for acquiring 60% equity stake either by the Company itself or through any of its subsidiaries in ASK Securities Private Limited for an aggregate consideration of Rs.58.14 crore. The joint venture will focus on the Equity Research and Institutional Sales & Trading Businesses. The above transaction is expected to close by second quarter of the Financial Year 2007-08, subject to necessary regulatory approvals". Further, a copy of the press release dated July 04, 2007, titled "JM Financial Inks Joint Venture with ASK Securities - Acquires 60% stake" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.2 Jul · Meeting
Company has announced the Book Closure Dates from August 30, 2007 to September 06, 2007 for determining the shareholders who would be eligible to receive the Dividend @ 50% (Rs. 5/-) per share. Further, the Board of Directors of the Company has decided to convene the Annual General Meeting of the members of the Company on September 06, 2007.
Jun 2007
29 Jun · Business
Press release dated June 29, 2007, titled "JM Financial Yearly consolidated Revenues soar by 92%, Net Consolidated Profit by 36% Proposes dividend of 50% (Rs. 5.00 per share)". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.29 Jun · Dividend
Board of Directors at its meetings held on June 29, 2007 has recommended payment of a dividend of 50% (Rs.5 per share) for the year ended March 31, 2007 as against 25% paid during the previous year.25 Jun · News Verification
News Verification : The media had reports that JM Financial Limited may buy 50% stake in ASK Securities. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. JM Financial Limited has vide its letter inter-alia stated,"We wish to clarify / inform that JM Financial Group keeps on exploring various proposals from time to time. However, if and only if, the proposals that are considered by the Management get crystallized, then only they are placed before the Board of Directors of the Company for their consideration. The intimation / disclosure to the Stock Exchange under the Listing Agreement could only be made after the decision is taken by the Board of Directors to go ahead with any such proposal. As and when the proposal, if any, is approved by the Board, the company will intimate the same to the Exchange."5 Jun · Board meeting
To consider, inter alia, the following: 1) Audited Balance-sheet as at March 31, 2007 and the Profit & Loss Account for the year ended on that date. 2) Recommend the dividend, if any.
Apr 2007
16 Apr · Results
The Company shall publish its Audited Financial Results for the year ended on March 31, 2007 within a period of 3 months of the close of its accounting year i.e., by June 30, 2007. In view of this, the Company will not publish its Unaudited Financial Results for the last quarter within the stipulated period of one month of the closing of its accounting year.
Mar 2007
26 Mar · E-mail ID for Investor Complaints
An email id has been created for the redressal of the investor grievances namely 'shareholdergrievance@jmfinancial.in'.
Feb 2007
22 Feb · Business
Further, a copy of the press release in this regard dated February 22, 2007, titled "JM Financial announces separation from Morgan Stanley in the joint venture for investment banking and securities business" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.22 Feb · Business
February 22, 2007 that: "The Board of Directors of JM Financial Ltd ( the Company) have at their meeting held this morning, approved, in principle, the proposal for separation of interest in the joint venture business with Morgan Stanley. Under the said proposal, subject to all the necessary regulatory approvals, (a) JM Financial Ltd. which owns 51% equity holding currently, will acquire the remaining 49% holding of Morgan Stanley in JM Morgan Stanley Private limited (JMMS), the Investment Banking Company together with its subsidiaries engaged in fixed income, equity broking, wealth management, advisory and distribution businesses of the joint venture for USD 20 mn equivalent to approx Rs 88.5 crore; and (b) sell its 49% holding in JM Morgan Stanley Securities Private Limited (JMMSS), the Institutional equity broking company for USD 445 mn, equivalent to approx. Rs 1970 crore to Morgan Stanley, of which USD 395 mn equivalent to approx. Rs. 1749 crore will be received by the Company on closing of the transaction and balance USD 50 mn equivalent to approx. Rs. 221 cr. will be received by it within 18 months from the date of signing of definitive agreements on completion of certain conditions agreed between the parties. The above transaction is expected to close by first quarter of Financial Year 2007-08. JM Financial and Morgan Stanley have agreed that all existing mandated transactions will be executed by the current joint venture and the partners in the manner currently in practice in a seamless manner keeping the clients interest as utmost priority. The Board also decided that the Company will take steps to build its own strength in the institutional equity broking and research activities at the earliest possible time".
Jan 2007
31 Jan · Business
Press release dated January 31, 2007, titled "JM Financial Quarterly consolidated Revenues soar by 53%, Net Profit by 14% Nine months consolidated Revenues soar by 65%, Net Profit by 50%". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.4 Jan · Board meeting
Meeting on 31 Jan 2007: “Unaudited Financial Results for the quarter ended Dec 31, 06”