JM Financial (JMFINANCIL) | Financial Analysis & Statements
JM Financial Ltd. Mid-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
10.7B
Net Income
4.6B
42.68%
EPS (Diluted)
₹4.74
Balance Sheet Metrics
Total Assets
245.0B
Total Liabilities
142.7B
Shareholders Equity
102.3B
Debt to Equity
1.40
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
JM Financial Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 27.2B | 26.9B | 20.7B | 26.7B | 21.2B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 6.5B | 5.7B | 4.1B | 6.9B | 5.3B |
| Other Operating Expenses | 100.1M | 8.8B | 141.3M | 200.9M | 159.9M |
| Total Operating Expenses | 6.6B | 14.5B | 4.2B | 7.1B | 5.5B |
| Operating Income | - | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 10.0B | 3.5B | 9.5B | 13.5B | 10.7B |
| Income Tax | 2.2B | 3.3B | 2.4B | 3.6B | 2.6B |
| Effective Tax Rate % | 22.6% | 92.2% | 25.6% | 26.4% | 24.4% |
| Net Income | 7.7B | 307.5M | 7.1B | 9.9B | 8.1B |
| Net Margin % | 28.4% | 1.1% | 34.3% | 37.1% | 38.1% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | - |
| EPS (Basic) | ₹8.59 | ₹4.29 | ₹6.26 | ₹8.11 | ₹6.34 |
| EPS (Diluted) | ₹8.58 | ₹4.29 | ₹6.25 | ₹8.09 | ₹6.32 |
| Basic Shares Outstanding | 955730152 | 955173696 | 954615232 | 953556246 | 930293133 |
| Diluted Shares Outstanding | 955730152 | 955173696 | 954615232 | 953556246 | 930293133 |
Income Statement Trend
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JM Financial Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 5.4B | 22.3B | 5.2B | 12.6B | 8.3B |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | - |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | - | - |
| Goodwill | 1.3B | 1.3B | 1.2B | 1.1B | 1.1B |
| Intangible Assets | 232.1M | 245.5M | 124.9M | 83.5M | 85.4M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - |
| Total Non-Current Assets | - | - | - | - | - |
| Total Assets | 245.0B | 297.6B | - | - | - |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 12.3B | 13.1B | 13.2B | 8.5B | 7.6B |
| Short-term Debt | - | - | - | - | - |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | |||||
| Long-term Debt | 115.1B | 162.3B | 159.4B | 135.0B | 124.1B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 142.7B | 187.1B | - | - | - |
| Equity | |||||
| Common Stock | 955.8M | 955.6M | 954.8M | 954.1M | 952.7M |
| Retained Earnings | 47.8B | 42.3B | 41.4B | 39.0B | 34.0B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 102.3B | 110.6B | 112.7B | 106.3B | 96.8B |
| Key Metrics | |||||
| Total Debt | 115.1B | 162.3B | 159.4B | 135.0B | 124.1B |
| Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
JM Financial Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 10.0B | 12.0B | 9.5B | 13.5B | 10.7B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | 51.6B | 27.6B | -33.6B | -38.3B | -397.4M |
| Operating Cash Flow | 55.3B | 29.5B | -33.4B | -33.6B | 9.8B |
| Investing Activities | |||||
| Capital Expenditures | -324.1M | -529.7M | -1.2B | -168.0M | -60.7M |
| Acquisitions | 0 | -132.6M | 73.9M | - | - |
| Investment Purchases | -32.0B | -25.2B | -15.6B | -2.9B | -27.2B |
| Investment Sales | 7.2B | 4.6B | 10.6B | 28.0B | 4.1B |
| Investing Cash Flow | -24.9B | -21.0B | -6.0B | 25.0B | -30.5B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -2.0B | -869.4M | -2.0B | -959.7M | -176.0M |
| Debt Issuance | 46.6B | 204.8B | 125.4B | 14.5B | 6.1B |
| Debt Repayment | -93.3B | -202.5B | -101.8B | -1.3B | -205.4M |
| Financing Cash Flow | -47.9B | 1.6B | 21.6B | 12.8B | 13.0B |
| Free Cash Flow | 55.3B | 35.8B | -24.3B | -34.8B | 9.6B |
| Net Change in Cash | -17.4B | 10.1B | -17.7B | 4.2B | -7.8B |
Cash Flow Trend
JM Financial Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
10.45
Forward P/E
10.71
Price to Book
1.24
Price to Sales
3.66
PEG Ratio
0.30
Profitability Ratios
Profit Margin
35.62%
Operating Margin
46.78%
Return on Equity
8.03%
Return on Assets
3.35%
Financial Health
Debt to Equity
104.10
Beta
0.18
Per Share Data
EPS (TTM)
₹12.81
Book Value per Share
₹107.51
Revenue per Share
₹36.60
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| JMFINANCIL | 132.7B | 10.45 | 1.24 | 8.03% | 35.62% | 104.10 |
| Motilal Oswal | 470.6B | 24.07 | 3.69 | 22.47% | 30.54% | 121.04 |
| Authum Investment | 426.1B | 11.72 | 2.62 | 28.87% | 110.11% | 20.29 |
| Choice International | 156.3B | 62.49 | 8.29 | 11.93% | 22.27% | 49.77 |
| RRP Semiconductor | 131.3B | 2,001.72 | 1,403.88 | 50.07% | 38.06% | 155.68 |
| Indian Energy | 115.6B | 24.07 | 9.24 | 37.77% | 66.24% | 0.30 |
Financial data is updated regularly. All figures are in the company's reporting currency.




