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JM Financial Ltd

JMFINANCIL

jmfl.com NSE JMFINANCIL BSE523405 ISIN: INE780C01023
128.15
0.20% (+0.25)
Website

jmfl.com

NSE
NSE

JMFINANCIL

BSE
BSE

523405

ISIN

INE780C01023

Announcement Post Market Close
General :: Credit Rating
Aug 31 2026, 08:47:13 PM

Announcement under Regulation 30 (LODR)-Credit Rating

Please find enclosed intimation of Credit Rating under Regulation 30 of SEBI Listing Regulations

JM Financial Ltd
Since 1973

JM Financial Ltd is a prominent diversified financial services group headquartered in Mumbai, India, with operations spanning across investment banking, wealth management, securities business, alternative investments, asset reconstruction, and lending. Established in 1973, the company has built a comprehensive platform that serves corporates, financial institutions, High Net-Worth Individuals (HNIs), and retail clients. JM Financial is known for its expertise in capital markets, advisory services, and innovative financing solutions, often engaging in marquee deals and high-profile financial restructurings.

Sector
Financial Services Sector
Recent Announcements (…Last 3 Days)
New alerts
J
31 Aug 202620:47:13
General::Credit Rating
Announcement under Regulation 30 (LODR)-Credit Rating

Please find enclosed intimation of Credit Rating under Regulation 30 of SEBI Listing Regulations

J
25 Aug 202619:45:40
General::General
Disclosure Under Regulation 30 Of The SEBI Listing Regulations

Please find attached intimation under Regulation 30 of SEBI Listing Regulations with respect to the ESG Rating provided by Crisil ESG Ratings & Analytics Limited

J
20 Aug 202619:42:58
General::General
Disclosure Under Regulation 30 Of SEBI Listing Regulations

Please find attached intimation under Regulation 30 of SEBI Listing Regulations with respect to the ESG Rating provided by ESG Risk Assessments & Insights Limited

J
11 Aug 202617:30:53
General::Newspaper Publication
Announcement under Regulation 30 (LODR)-Newspaper Publication

Pursuant to Reg.30 of SEBI Listing Regulations, we are enclosing copies of the newspaper advertisements relating to Special Window for re-lodgement of transfer requests of equity sharesheld in physical mode published in Business Standard (English-All Editions) and Sakal(Marathi) today, i.e., August 11, 2026. The content of the newspaper adevrtisements are self explanatory. The same is also being uploaded on the Company''s Website at www.jmfl.com We request you to kindly take the above on your record and disseminate the same on your website, as you may deem appropriate.

J
10 Aug 202614:55:03
General::Earnings Transcript
Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Please find attached transcript of the earnings conference call of the Company held on Tuesday, August 4, 2026.

J
04 Aug 202619:47:09
General::Analyst/Investor Meet
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Please find enclosed Audio Recording of Earnings Conference Call held today i.e. on August 4, 2026.

New alerts
J
04 Aug 202601:37:01
Outcome::AGM
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Please find attached Scrutiniser''s Report

New alerts
J
04 Aug 202600:54:25
Outcome::AGM
Shareholder Meeting / Postal Ballot-Outcome of AGM

Please find attached the summary of the proceedings of the 41st AGM of the Company held on August 3, 2026 at 4:00 pm

J
03 Aug 202621:23:37
General::Investor Presentation
Announcement under Regulation 30 (LODR)-Investor Presentation

Please find enclosed Investor presentation.

J
03 Aug 202614:54:58
General::Press/Media Release
Announcement under Regulation 30 (LODR)-Press Release / Media Release

Please find attached Press Release of the Company

J
03 Aug 202614:48:58
Outcome::Financial Results
Unaudited Financial Results

Please find attached financial results for the first quarter ended June 30, 2026

J
03 Aug 202614:42:49
Outcome::Board Meeting Outcome
Board Meeting Outcome for Outcome Of Board Meeting

Please find attached outcome of Board Meeting

truewealth
JM Financial Ltd
Financial Services SectorSince 1973
About

JM Financial Ltd is a prominent diversified financial services group headquartered in Mumbai, India, with operations spanning across investment banking, wealth management, securities business, alternative investments, asset reconstruction, and lending. Established in 1973, the company has built a comprehensive platform that serves corporates, financial institutions, High Net-Worth Individuals (HNIs), and retail clients. JM Financial is known for its expertise in capital markets, advisory services, and innovative financing solutions, often engaging in marquee deals and high-profile financial restructurings.

Over the decades, JM Financial has evolved from a boutique investment bank into a full-spectrum financial services provider. Its subsidiaries and joint ventures enable it to maintain a strong presence in the institutional, corporate, and retail ecosystem, with a growing focus on both digital initiatives and sustainable financial solutions.

Business Model & Strategy

JM Financial Ltd operates through multiple business segments, including investment banking, wealth and asset management, securities broking, alternative and distressed asset management, and lending to both wholesale and retail clients. The firm's revenue streams are diversified—originating from fee-based advisory services, trading commissions, asset management fees, and interest income from lending portfolios. Strategic investments in technology and digitization enhancement have allowed it to improve operational efficiency and expand market reach.

Key growth vectors include scaling its lending book (with a focus on real estate and structured finance), strengthening its wealth management arm, and growing its alternative asset platforms. The company also leverages cross-selling among its business verticals, manages risk through prudent underwriting, and seeks inorganic opportunities to complement its core strengths.

Management Overview
11 Members
Mr.Nimesh N Kampani
Non-Executive - Non Independent Director-Chairperson
Mr.Vishal N Kampani
Executive Director-MD
Mr.Palamadai Sundararajan Jayakumar
Non-Executive - Independent Director
Mr.Navroz Darius Udwadia
Non-Executive - Independent Director
Ms.Roshini Hemant Bakshi
Non-Executive - Independent Director
Mr.Pradip Manilal Kanakia
Non-Executive - Independent Director
Mr.Sumit Bose
Non-Executive - Independent Director
Mr.Hariharan Ramamurthi Aiyar
Non-Executive - Non Independent Director
Mr.Adi Rusi Patel
Executive Director-MD
Mr.Nishit Shah
Chief Financial Officer
Mr.Hemant Pandya
Company Secretary & Compliance Officer
Awards & Recognition
5 Awards
  • Ranked among the top Indian investment banks for equity and debt issuances by Bloomberg (2023–24)
  • Recognized in 'India's Top BFSI Brand' list by Economic Times (2024)
  • Received ICRA and CRISIL high credit ratings for select group entities (2024)
  • Consistently awarded for Best Structured Finance and M&A advisory in industry journals (2023–24)
  • Improved ESG disclosures and committed to responsible financing, as highlighted in the FY2024 Annual Report
Market Information
NIFTY TOTAL MARKETNIFTY 500NIFTY SMLCAP 250NIFTY MIDSML 400NIFTY500 MULTICAP
ISIN INE780C01023
Sector Financial Services
IndustryHolding Company
Company Timeline

51+ Years of Excellence | 8 Major Milestones

1973

JM Financial founded in Mumbai

1991

Launch of investment banking and capital markets business

1999

Public listing on NSE and BSE

2006

Strategic partnership with Morgan Stanley (terminated in 2007–08)

2008

Foray into alternative asset management and real estate financing

2014

Launch of asset reconstruction and distressed assets platform

2020

Acceleration of digital platforms and retail broking

2024

Expansion of ESG initiatives, realigning group structure for business agility

Coming Soon

The Next Evolution

Contact Information
Registered Office

7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi

Tel: 022-6630 3030,

Fax: 022-6630 3223,

Email: shareholdergrievance@jmfl.com

Website: jmfl.com


Registrars

KFin Technologies Ltd

Tel: 040 - 67161500 / 18003454001

Email: einward.ris@kfintech.com

Corporate Actions
20
PurposeEx DateRecord DateBC StartBC End
Final Dividend
1.75 per share
12 Jun 2026
Friday
12 Jun 2026
Friday
-
-
Interim Dividend
1.50 per share
14 Nov 2025
Friday
14 Nov 2025
Friday
-
-
Dividend
2.70 per share
13 Jun 2025
Friday
13 Jun 2025
Friday
-
-
Final Dividend
2 per share
07 Jun 2024
Friday
-
10 Jun 2024
Monday
14 Jun 2024
Friday
Final Dividend
0.90 per share
19 May 2023
Friday
-
22 May 2023
Monday
25 May 2023
Thursday
Interim Dividend
0.90 per share
24 Nov 2022
Thursday
25 Nov 2022
Friday
-
-
Final Dividend
1.15 per share
07 Jul 2022
Thursday
-
11 Jul 2022
Monday
15 Jul 2022
Friday
Interim Dividend
0.50 per share
17 Feb 2022
Thursday
18 Feb 2022
Friday
-
-
Dividend
0.50 per share
28 May 2021
Friday
-
01 Jun 2021
Tuesday
04 Jun 2021
Friday
Dividend
0.20 per share
15 May 2020
Friday
-
19 May 2020
Tuesday
22 May 2020
Friday
Final Dividend
0.50 per share
10 May 2019
Friday
-
14 May 2019
Tuesday
17 May 2019
Friday
Interim Dividend
0.50 per share
31 Jan 2019
Thursday
02 Feb 2019
Saturday
-
-
Final Dividend
1.10 per share
10 May 2018
Thursday
-
14 May 2018
Monday
18 May 2018
Friday
Interim Dividend
0.70 per share
31 Jan 2018
Wednesday
01 Feb 2018
Thursday
-
-
Final Dividend
0.85 per share
11 May 2017
Thursday
-
15 May 2017
Monday
19 May 2017
Friday
Interim Dividend
0.65 per share
02 Feb 2017
Thursday
03 Feb 2017
Friday
-
-
Final Dividend
0.85 per share
23 May 2016
Monday
-
25 May 2016
Wednesday
27 May 2016
Friday
Interim Dividend
0.60 per share
11 Feb 2016
Thursday
13 Feb 2016
Saturday
-
-
Final Dividend
0.80 per share
08 Jun 2015
Monday
-
10 Jun 2015
Wednesday
12 Jun 2015
Friday
Interim Dividend
0.55 per share
05 Feb 2015
Thursday
07 Feb 2015
Saturday
-
-
.dsf..
Market Cap
₹12,153 Cr.
Curr. Price
₹128
52W High/Low
₹196 / 112
P/E (TTM)
11.73
Book Value
₹118.69
Price To Book Ratio
1.07
Face Value
₹1.00
Dividend Yield
2.55 %
Manage Ratio
11 ratios selected

Date Basis

Time Range

EPS
truewealth
FINANCIALS
Revenue
-6.5%
4,091.1 Cr
3Y +25%
5Y +28%
HIST AVG
Operating Income
-14.3%
1,652.2 Cr
3Y -15%
5Y -13%
HIST AVG
Net Income
+55.3%
1,201.0 Cr
3Y +69%
5Y +49%
HIST AVG
EPS
+46.3%
12.0
3Y +101%
5Y +98%
HIST AVG
Op. Cash Flow
-89.6%
580.0 Cr
3Y +124%
5Y -40%
HIST AVG
JMFINANCIL - Annual Results

Consolidated Figures in Rs. Crores

Annual Results+Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Income + - - - 3,579 3,454 3,227 3,763 3,343 4,832 4,453 4,2614,364
Expenses + - - - 2,296 2,360 2,160 2,415 2,390 3,632 3,456 2,6592,899
Profit + - - - 837 778 808 992 709 31 774 1,2011,111
Tax +---446316261356244326225404355
EPS + - - - 7 6 6 8 6 4 9 133.05
Ratios +-
Cash Flow

Consolidated Figures in Rs. Crores

Annual Cash FlowMar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-
Cash Flow Operating-----969-3,203-2,4493,6355,569581-
Cash Flow Investing------2,2492,616-451-2,090-2,475-532-
Cash Flow Financing-----1,2961,0242,161162-4,786-116-
Cash Increase Decrease-----16437-7391,708-1,692-68-
Net Cash And Cash Equivalent-----8108261,2635242,232540-
Balance Sheet

Consolidated Figures in Rs. Crores

Annual Balance Sheet+Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-
Assets + - - - 22,635 20,746 23,375 25,815 29,370 29,764 24,504 26,537-
Equity And Liabilities + - - - 22,635 20,746 23,375 25,815 29,370 29,764 24,504 26,537-
Shareholding Pattern

Numbers in Percentages

Quarterly SHP

Announcement Date

Mar 2016

12 Apr '16

Mar 2017

31 Mar '17

Mar 2018

31 Mar '18

Mar 2019

09 Apr '19

Mar 2020

11 May '20

Mar 2021

14 Apr '21

Mar 2022

21 Apr '22

Mar 2023

20 Apr '23

Mar 2024

15 Apr '24

Mar 2025

21 Apr '25

Mar 2026

21 Apr '26

-
Goverments ------------
Promoter And Promoter Group - - - 62.07% 62.05% 54.79% 55.42% 56.49% 56.44% 56.50% 57.07%-
Non Institutions ---15.16%12.85%11.63%13.97%14.81%16.92%18.94%19.90%-
FII - - - - - - - 21.24% 18.18% 17.49% 17.15%-
DII - - - - - - - 7.46% 8.46% 7.07% 5.89%-
Total ---100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%-

JM Financial Ltd

Holding Company
Last Updated: June 18, 2025

JM Financial Ltd

JM Financial Ltd is a prominent diversified financial services group headquartered in Mumbai, India, with operations spanning across investment banking, wealth management, securities business, alternative investments, asset reconstruction, and lending. Established in 1973, the company has built a comprehensive platform that serves corporates, financial institutions, High Net-Worth Individuals (HNIs), and retail clients. JM Financial is known for its expertise in capital markets, advisory services, and innovative financing solutions, often engaging in marquee deals and high-profile financial restructurings.

Over the decades, JM Financial has evolved from a boutique investment bank into a full-spectrum financial services provider. Its subsidiaries and joint ventures enable it to maintain a strong presence in the institutional, corporate, and retail ecosystem, with a growing focus on both digital initiatives and sustainable financial solutions.

Financial Services SectorSince 1973
Business Model & Strategy

JM Financial Ltd operates through multiple business segments, including investment banking, wealth and asset management, securities broking, alternative and distressed asset management, and lending to both wholesale and retail clients. The firm's revenue streams are diversified—originating from fee-based advisory services, trading commissions, asset management fees, and interest income from lending portfolios. Strategic investments in technology and digitization enhancement have allowed it to improve operational efficiency and expand market reach.

Key growth vectors include scaling its lending book (with a focus on real estate and structured finance), strengthening its wealth management arm, and growing its alternative asset platforms. The company also leverages cross-selling among its business verticals, manages risk through prudent underwriting, and seeks inorganic opportunities to complement its core strengths.

Management Overview 11 Total Members
logo
Mr.Nimesh N Kampani
Non-Executive - Non Independent Director-Chairperson
logo
Mr.Vishal N Kampani
Executive Director-MD
logo
Mr.Palamadai Sundararajan Jayakumar
Non-Executive - Independent Director
logo
Mr.Navroz Darius Udwadia
Non-Executive - Independent Director
logo
Ms.Roshini Hemant Bakshi
Non-Executive - Independent Director
logo
Mr.Pradip Manilal Kanakia
Non-Executive - Independent Director
logo
Mr.Sumit Bose
Non-Executive - Independent Director
logo
Mr.Hariharan Ramamurthi Aiyar
Non-Executive - Non Independent Director
logo
Mr.Adi Rusi Patel
Executive Director-MD
logo
Mr.Nishit Shah
Chief Financial Officer
logo
Mr.Hemant Pandya
Company Secretary & Compliance Officer
Awards & Recognition 5 Awards
Ranked among the top Indian investment banks for equity and debt issuances by Bloomberg (2023–24)
Recognized in 'India's Top BFSI Brand' list by Economic Times (2024)
Received ICRA and CRISIL high credit ratings for select group entities (2024)
Consistently awarded for Best Structured Finance and M&A advisory in industry journals (2023–24)
Improved ESG disclosures and committed to responsible financing, as highlighted in the FY2024 Annual Report
Market Information
Included In
NIFTY TOTAL MARKETNIFTY 500NIFTY SMLCAP 250NIFTY MIDSML 400NIFTY500 MULTICAP
Details
ISIN: INE780C01023
Sector: Financial Services
Industry: Holding Company
Company Timeline
51+ Years of Excellence
8 Major Milestones
1973
JM Financial founded in Mumbai
1991
Launch of investment banking and capital markets business
1999
Public listing on NSE and BSE
2006
Strategic partnership with Morgan Stanley (terminated in 2007–08)
2008
Foray into alternative asset management and real estate financing
2014
Launch of asset reconstruction and distressed assets platform
2020
Acceleration of digital platforms and retail broking
2024
Expansion of ESG initiatives, realigning group structure for business agility
Coming Soon: The Next Evolution
Contact Information
Registered Office
7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi
Tel: 022-6630 3030,
Fax: 022-6630 3223,
Website: jmfl.com
Registrars
KFin Technologies Ltd
Tel: 040 - 67161500 / 18003454001

Peer Comparison

Part ofNIFTY TOTAL MARKETNIFTY 500NIFTY SMLCAP 250NIFTY MIDSML 400NIFTY500 MULTICAP
S.No.Company NameCMP (₹)Market Cap (₹ Cr)Div Yld (%)NP Qtr (₹ Cr)Qtr Profit Var (%)Sales Qtr (₹ Cr)Qtr Sales Var (%)ROCE (%)ROE (%)Book Value (₹)EPS TTM (₹)TTMPE Ratio (₹)
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Company NameP/E (TTM)EPS (₹)D/ENPMGPMROE (%)ROCE (%)P/B
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