profit from every ₹100 of sales.
₹0₹100
JM Financial
₹114.56-0.45% today
-18.9% in 1 year
1-year low ₹106.191-year high ₹150.10
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹9.12 for every ₹1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What JM Financial sold, what it kept, and what it did with the cash.
Sales went from ₹20.7 billion in 2023 to ₹35.0 billion in 2026, with ₹12.0 billion of profit last year.
SalesProfit
JM Financial handed back 78% of the cash it generated last year.
₹4.0B
Free cash flow 2026₹5.2B
Bought back its own shares–
Paid as dividends₹4.0B
Cash vs. debt₹4.7B vs. ₹116.3B
JM Financial vs. similar companies
JM Financial grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| JM Financial | 9.1× · Cheap | ||
 Morgan Stanley | 17.7× · Fair price | ||
 The Goldman Sachs Group | 15.4× · Fair price | ||
 The Charles Schwab | 18.1× · Fair price | ||
 Interactive Brokers Group | 141.6× · Very expensive |
AI analysis
An AI analyst reads JM Financial's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 20,686 | 26,927 | 27,232 | 34,986 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 5,973 | 4,098 | 8,213 | 12,020 | |
| 6.25 | 4.29 | 8.58 | – | |
| – | – | – | – | |
| – | – | – | – | |
| 28.9% | 15.2% | 30.2% | 34.4% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 293,704 | 297,636 | 245,041 | 265,372 |
| Cash | 5,240 | 22,316 | 5,400 | 4,722 |
| Total debt | 159,395 | 162,277 | 115,074 | 116,346 |
| Total liabilities | 181,006 | 187,076 | 142,737 | 151,791 |
| 81,363 | 84,905 | 97,278 | 106,574 | |
| 955 | 956 | 957 | – | |
| – | – | – | – | |
| 7.3% | 4.8% | 8.4% | 11.3% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -23,072 | 36,351 | 55,687 | 5,807 | |
| 1,245 | 537 | 340 | 642 | |
| -24,317 | 35,813 | 55,347 | 5,165 | |
| Dividends paid | 1,964 | 869 | 1,961 | 4,017 |
| – | – | – | – | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 9.1×
- –
- –
- 1.0×
- 3.1×
- 11.0%
- 3.7%
Profitability
- 34.4%
- –
- –
- –
- –
Growth
- +19.1%
- –
- –
- +0.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 26%of 883
Top 28%of 880
Top 49%of 927
3.7%of the share price, paid each year
On $1,000 invested$37a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
33.4% of its profit
Room to growStretchedMore than it earns: 77.8%
News
Sagicor Financial declares $0.075 dividendSeeking Alpha · Nov 14, 2026‘She has a history of financial mismanagement’: My brother cut our sister out of his will. I’ll get everything. Do I tell her?MarketWatch · Nov 13, 2026Sumitomo Mitsui Financial GAAP EPS of ¥232.59, total operating income of ¥1.43BSeeking Alpha · Nov 13, 2026Huang's exit, AI bubble and financial crisis fears in focus on Web Summit's last dayYahoo Finance · Nov 13, 2026Financial Horror Stories, Vol. 5: The All-Monster EditionYahoo Finance · Nov 12, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about JM Financial
Is JM Financial a good stock to buy?
A strong, very profitable business, and the price looks low. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the JM Financial AI analysis
What does JM Financial do?
JM Financial Limited, together with its subsidiaries, provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally. It is in Capital Markets, based in Mumbai, India.
Does JM Financial pay a dividend?
Yes. At today's price the dividend is 3.7% a year, about 33% of its yearly profit. In 2026 it paid out ₹4.02 billion in dividends.
Is JM Financial stock halal?
No. JM Financial does not pass our halal screen: its debt is 106% of its market value, at or above the 33% limit. How we check
How has JM Financial stock done over the past year?
Down 18.9% over the past twelve months, to ₹114.56. It traded between ₹106.19 and ₹150.10 and is 23.7% below its high.
Who are JM Financial's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with JM Financial's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.