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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
JM Financial Limited is a diversified financial company. The Company's segments include Corporate Advisory and Capital Markets, Wealth and Asset Management, Private Markets, Affordable home Loans, and Treasury and others. The Corporate Advisory and Capital Markets segment…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, steadily growing business, trading cheap versus its own history.
JM Financial is scored on the nbfc / financials framework. It keeps a fat 28.8% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 8%/yr and profit at 18%/yr. Book value has been broadly flat (0.3%/yr). Return on equity is a modest 9.1%. In the latest quarter profit grew 131% versus the prior quarter.
At 9× earnings, the stock sits at the 2nd percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-1%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 9.87 | — | — |
| P/B | 0.96 | — | — |
| EV/EBITDA | 7.05 | 16.2 | better |
| ROE | 9.14 | 4.93 | better |
| ROCE | 10.73 | 44.21 | worse |
| ROA | 4.11 | — | — |
| Quick Ratio | 1.65 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Bajaj Finance | 30.6 | 5.5 | 17.6% |
| Bajaj Finserv | 13.6 | 3.5 | 12.7% |
| Shriram Finance | 17.8 | 2.0 | 11.4% |
Not applicable for this sector.
Revenue declined 7% in the latest year — a break from prior trajectory. 8% CAGR — growing but slowly.
Profit is growing faster than revenue (18% vs 8%) — margin expansion is at work. The latest year saw a +52% swing — check if it's a one-off or structural.
Operating margin has expanded from 29% to 39% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 10% — modest; the capital isn't working hard.
EPS outpaced profit growth — possible buybacks are concentrating earnings into fewer shares. 26% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.5× PAT — reported profit isn't translating into cash, raising earnings quality questions. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 26% sequentially — momentum is building.
Profit jumped 131% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (25% → 31%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 58.0% — majority control intact. Promoters added 1.1pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.