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JM Financial Limited (JMFINANCIL) Fair Value & Analysis

Financial Services · IN · Market cap ₹124B

JF JM Financial Limited JMFINANCIL · NSE
Price₹129.26
Fair Value₹155.91
Upside+20.6%
Quality52/100
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Evidence: High Range ₹116.94 – ₹194.89

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +8.1% over the past month.

Price vs Fair Value (12 months)

₹186.23 ₹110.69 Fair Value ₹155.91 Jul 2025 Jul 2026

12‑month range ₹110.69 – ₹186.23 · fair‑value band ₹116.94 – ₹194.89 · the ₹129.26 price screens below the ₹155.91 fair value. As of Jul 3, 2026.

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Analysis

JM Financial Limited (JMFINANCIL) currently trades at ₹129.26, while our model-based Fair Value estimate is ₹155.91 — implying the stock looks roughly 20.6% undervalued today. We read business quality at 52/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, JM Financial Limited generated revenue of ₹35.0B at a net margin of 34.4%. It earns a return on equity of 11.1%. Net debt stands at ₹67.7B. The stock trades on a trailing P/E of 10.3. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹35.0B
Net margin 34.4%
Return on equity 11.1%
Free cash flow ₹3.4B FY2026
P/E ratio 10.3
Operating margin 33.6%
More key figures
EPS (TTM) ₹12.55
Dividend yield 2.5%
EPS growth (YoY) -21.0%
Net debt ₹67.7B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

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. The company operates through Investment Bank; Mortgage Lending; Alternative & Distressed Credit; and Asset Management, Wealth Management & Securities Business (Platform AWS) segments. The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also provides institutional equities business and research, portfolio management, private equity funds, fixed income, syndication, and finance services. The Mortgage Lending segment offers finance against commercial and residential real estate to a range of corporate and non-corporate clients; housing finance; and lending services to educational institutions. The Alternative & Distressed …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

JM Financial Limited reported revenue of ₹42.6B in FY2026 versus ₹37.5B in FY2022, a compound +3.2%/yr. Reported net income was ₹12.0B in FY2026, compounding +11.7%/yr from FY2022.

Revenue +3.2%/yr
FY22 ₹37.5B
FY23 ₹32.5B
FY24 ₹42.5B
FY25 ₹40.3B
FY26 ₹42.6B
Net income +11.7%/yr
FY22 ₹7.7B
FY23 ₹6.0B
FY24 ₹4.1B
FY25 ₹8.2B
FY26 ₹12.0B

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Frequently asked questions

Is JM Financial Limited (JMFINANCIL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹155.91 versus a price of ₹129.26 — about +21% (undervalued). Model-based estimate, not financial advice.
What is the fair value of JMFINANCIL?
Our model-based fair value for JM Financial Limited is ₹155.91 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹129.26.
What is the quality score of JMFINANCIL?
JM Financial Limited has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of JM Financial Limited (JMFINANCIL)?
JM Financial Limited reported trailing-twelve-month revenue of about ₹35.0B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of JMFINANCIL?
The net profit margin of JM Financial Limited is about 34.4%, meaning it keeps roughly 34.4% of revenue as net income. Based on the latest reported figures.
Does JM Financial Limited pay a dividend?
JM Financial Limited currently shows a dividend yield of about 2.52% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.