# JM Financial share price today (JM Financial Ltd, NSE: JMFINANCIL)

> JM Financial share price today: ₹111.96 at the NSE close on 3 November 2026, down 31.7% in a year. JM Financial (NSE: JMFINANCIL) is worth ₹10,693 crore, trades at a P/BV of 1.0 and has closed between ₹106.19 and ₹158.85 over the past 52 weeks. > JM Financial Ltd's P/BV is near the low end of its own history, higher than only 24% of past readings, and its quarterly results are still getting worse. JMFINANCIL · Finance - Investment Bankers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jm-financial-ltd

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## Key numbers

- Price: ₹111.96 (−31.7% in a year)
- P/BV: 1.0× (lower than 76% of the last 11 years)
- Revenue (Jun 2026): ₹1,201 Cr (+8.1% on a year ago)
- Profit (Jun 2026): ₹369 Cr (−19.6% on a year ago)
- Net margin: 30.7% (−10.6 points on a year ago)
- ROE: 12%, FY26

The main question: yearly earnings per share moved +46.3% while the share price moved −31.7%. ## What is the JM Financial share price today? JM Financial Ltd's share price was ₹111.96 at the close on 3 November 2026. It has been falling for 41 weeks. That is 12.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹106 and ₹159, and at that close it sat 11% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running. Over the last 11 years the share price moved +180% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at JM Financial this quarter? Three changes stood out: revenue grew again in the June 2026 quarter, foreign funds (FIIs) cut their stake for 4 quarters in a row and highest quarterly revenue in 9 quarters. 1. Revenue grew again in the June 2026 quarter Revenue was ₹1,201 crore, +8.1% on a year earlier (₹1,111 crore), after 3 quarters of decline. 2. Foreign funds (FIIs) cut their stake for 4 quarters in a row From 18.4% to 16.9% of the company by the September 2026 quarter. 3. Highest quarterly revenue in 9 quarters Revenue of ₹1,201 crore in the June 2026 quarter is the highest of the last 9 quarters. ## What are JM Financial's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), JM Financial reported total income of ₹1,201 crore, up 8.1% from ₹1,111 crore a year earlier, and a profit of ₹369 crore, down 19.6% from ₹459 crore. ### JM Financial results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹1,201 crore | ₹1,111 crore | +8.1% |
| Profit | ₹369 crore | ₹459 crore | −19.6% |
| Earnings per share | ₹3.05 | ₹4.75 | −35.8% |
| Net margin | 30.7% | 41.3% | −10.6 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). JM Financial's management discussed these results on a call held on 4 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.)

## What is the JM Financial share price history? JM Financial closed at ₹111.96 on 3 November 2026, down 31.7% from ₹164.02 a year earlier (31 October 2025) and up 32.2% over five years. Its highest weekly close since March 2016 was ₹193.02 on 22 August 2025. ### JM Financial share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹106.19 | +5.4% |
| 1 month ago · 1 Oct 2026 | ₹123.40 | −9.3% |
| 6 months ago · 30 Apr 2026 | ₹139.07 | −19.5% |
| 1 year ago · 31 Oct 2025 | ₹164.02 | −31.7% |
| 3 years ago · 3 Nov 2023 | ₹88.70 | +26.2% |
| 5 years ago · 4 Nov 2021 | ₹84.70 | +32.2% |
| 10 years ago · 4 Nov 2016 | ₹78.60 | +42.4% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹39.95 | +180.3% |
| Highest weekly close since March 2016 · 22 Aug 2025 | ₹193.02 | −42.0% |
| Lowest weekly close since March 2016 · 1 Apr 2016 | ₹38.40 | +191.6% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹158.85 | −29.5% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹106.19 | +5.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on JM Financial? 3 Nov 2026: JM Financial closed at ₹111.96, up 5.4% on the week and down 9.3% on the month. 4 Aug 2026: JM Financial held its results call for April to June 2026. Management guided: Wealth returns and profitability expected to improve this and next year as RM productivity rises; revenue planned above industry growth and hiring selective. ### Earlier

- Results for April to June 2026: Total income up 8.1% and profit down 19.6% on a year earlier. - 12 Jun 2026: ex-date for a dividend of ₹1.75 a share. - 14 Nov 2025: ex-date for an interim dividend of ₹1.50 a share. ## What dividend does JM Financial pay? JM Financial paid ₹3.25 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 2.90% at the ₹111.96 close on 3 November 2026. The last was a dividend of ₹1.75 a share, ex-date 12 June 2026. ### JM Financial dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 12 Jun 2026 | ₹1.75 | Dividend | same day |
| 14 Nov 2025 | ₹1.50 | Interim | same day |
| 13 Jun 2025 | ₹2.70 | Dividend | same day |
| 7 Jun 2024 | ₹2 | Dividend | n/a |
| 19 May 2023 | ₹0.90 | Dividend | n/a |
| 24 Nov 2022 | ₹0.90 | Interim | 25 Nov 2022 |
| 7 Jul 2022 | ₹1.15 | Dividend | n/a |
| 17 Feb 2022 | ₹0.50 | Interim | 18 Feb 2022 |
| 28 May 2021 | ₹0.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. JM Financial Ltd paid out 26% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did JM Financial management say on the latest results call? On the call for April to June 2026, held on 4 August 2026, JM Financial's management guided: Wealth returns and profitability expected to improve this and next year as RM productivity rises; revenue planned above industry growth and hiring selective. > “I am happy to report that, with the cash we have generated and the expected cash flows over the next 6 months, our ARC will be debt-free.”
> Vishal Kampani, on the call for April to June 2026

### What management guided

- AM SIP book and AUM expected back on track over the next couple of quarters through better scheme performance and distributor engagement. - ARC to generate strong recoveries over the next 9 months, including further pre-COVID resolutions and possible real-estate write-backs. - ARC to be debt-free by year-end; residual cash planned at 16-18% IRR going forward. - Private Markets syndication and standard loans to rebuild leverage; loans to grow 15-20% annually toward ₹7,000-8,000 crore within 3 years, D/E 2.0x. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/2456/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 4 August 2026.)

## What to watch in JM Financial's next results? When JM Financial reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: ARC debt-free milestone by year-end - check completion and redeployment of post-resolution cash. - What to check (from the call)
- ARC debt-free milestone by year-end - check completion and redeployment of post-resolution cash. - New wealth RM cohort profitability - check productivity improvement and employee-cost absorption over the coming year. - SIP and non-liquid AUM recovery - check whether distributor-led improvement persists into the next quarter. - CACM activity recovery - check whether July's sharp improvement carries into the next quarterly print. ## Which stock lists is JM Financial on? JM Financial is on 2 of our India lists: 52 week high & low and Dividend stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 2.91](https://www.sectoralpha.in/dividend-stocks-india)

## Is JM Financial profitable? JM Financial Ltd earned ₹369 Cr of net profit in the Jun 2026 quarter, −19.6% on the same quarter a year earlier. Full-year FY26 profit was ₹1,201 Cr. Over 10 years profit has grown 8.6% a year on average. That is 30.7% of the quarter's revenue. The same quarter a year earlier earned ₹459 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹1,201 Cr (+55.2% on the year before). Why profit moved: revenue changed +8.1% on a year earlier and the margin moved −10.6 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +21.2% and revenue −5.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does JM Financial make, and is it growing? JM Financial Ltd reported ₹1,201 Cr of income in the Jun 2026 quarter, +8.1% on the same quarter a year earlier. Over 10 years it has grown 9.6% a year on average. The last full year, FY26, came in at ₹4,223 Cr. The last four reported quarters add to ₹4,180 Cr. FY26 revenue was ₹4,223 Cr, −4.2% on the year before. Recent pace: the last four quarters grew −5.1% on average, against 9.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −5.3%, against −6.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +6.3%, against +420.6% a year (rolling over). ## How much does JM Financial keep from what it earns? JM Financial Ltd's net margin was 30.7% in the Jun 2026 quarter, 10.6 percentage points lower than the same quarter a year ago. Across 13 years it has been between 0.6% and 31.2%. The latest quarter is within that range. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of JM Financial's loans have gone bad? JM Financial Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is JM Financial's loan book growing? JM Financial Ltd's revenue was ₹4,223 Cr in FY26, −4.2% on the year before, so the loan book is not growing. The latest quarter was +8.1% on a year earlier. The net margin on that income is 30.7%, −10.6 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is JM Financial's P/BV ratio, and how does it compare with its own history? JM Financial Ltd's P/BV is 1.0×, near the low end of its own history: it has been lower only 24% of the time. Its usual P/BV (the middle reading) is 1.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about 12% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve. Why the multiple is where it is: over the past year book value grew while the price moved −31.7%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +5.7% a year; about +6.2% a year came from book-value growth and about −0.5 percentage points from the multiple (roughly no change); over 10 years the price moved +3.6% a year; about +10.5% a year came from book-value growth and about −6.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 77% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the JM Financial business getting better or worse? JM Financial Ltd's business is getting worse. Revenue and profit growth are shrinking: revenue growth is −5.3% in the latest quarter, against +18.0% at its best in 12 quarters. This is based on 10 quarters of 3 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does JM Financial earn on its equity and assets? We do not have a clean yearly return-on-equity history for JM Financial Ltd. For an insurer in particular, the usual bank ratios do not fit, so this page does not force them or estimate a series. The revenue, margin and ownership sections show what this company does report. The quarterly return-on-equity and return-on-assets curves, which only the second data source has, are not shown on this page: its two data sources disagree by up to 77% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does JM Financial have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the JM Financial shareholding pattern? Domestic institutions cut their stake in JM Financial Ltd by 3.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 5.1% of the company. Foreign institutions moved +1.6 points over the same period, to 16.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −3.5 points over 8 quarters, to 5.1%; Foreign institutions: +1.6 points over 8 quarters, to 16.9%; Promoters: +1.5 points over 8 quarters, to 58.0%. Why the owners changed: foreign institutions moved +1.6 points and domestic institutions −3.5 points over 8 quarters, while promoters moved +1.5 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is JM Financial from balance-sheet trouble? For JM Financial Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does JM Financial rank in its industry? 53.5 out of 100, rank 1 of 3 in Finance - Investment Bankers, with 58% of the evidence available. JM Financial Ltd scores 53.5 out of 100 against the 3 companies it is compared with in Finance - Investment Bankers, ranking 1. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 11.1 + 17.4 + 17.5 + 7.5 = 53.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is JM Financial compared with? JM Financial ranks 1 of 3 Finance - Investment Bankers companies on the 4-Factor Sector Score, with 53.5 out of 100. 1. JM Financial Ltd this page JMFINANCIL · quiet · Too little evidence to rank firmly · 58% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.1/35 · Income -5.3% · Profit 6.3% · 52% evidence Capital efficiency 17.4/25 · ROA 4.7% · ROE 11.9% · GNPA n/a · 68% evidence Valuation 17.5/20 · P/BV 0.97× · P/BV÷ROE 0.08 · 90% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -13.2% · 1 year -34.3% · 25% evidence · 2 of 12 weeks ahead Exact sum: 11.1 + 17.4 + 17.5 + 7.5 = 53.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 2. [Dam Capital Advisors Ltd](https://www.sectoralpha.in/stocks/dam-capital-advisors-ltd) DAMCAPITAL · quiet · Evidence leans down · 65% evidence 45.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 2.8/35 · Income 0.6% · Profit -11.4% · 86% evidence Capital efficiency 21.5/25 · ROA 16% · ROE 24.6% · GNPA n/a · 72% evidence Valuation 14.1/20 · P/BV 2.76× · P/BV÷ROE 0.11 · 60% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.3% · 1 year -47.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 2.8 + 21.5 + 14.1 + 7.5 = 45.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 3. [Ashika Credit Capital Ltd](https://www.sectoralpha.in/stocks/ashika-credit-capital-ltd) ASHIKA · Too little evidence to rank firmly · 34% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/43.75 · Income n/a · Profit n/a · 7% evidence Capital efficiency 16.7/31.25 · ROA 7.2% · ROE 7.5% · GNPA n/a · 68% evidence Valuation 10.7/25 · P/BV 1.53× · P/BV÷ROE 0.2 · 70% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.4 + 16.7 + 10.7 = 50.8 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Investment Bankers](https://www.sectoralpha.in/sectors/finance-investment-bankers), all 3 compared on one page. ## Which companies are close to JM Financial in size? JM Financial is the largest of 3 Finance - Investment Bankers companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Ashika Credit Capital and Dam Capital Advisors. ### Finance - Investment Bankers companies close in size

1. JM Financial Ltd ₹10,315 crore
2. [Ashika Credit Capital Ltd](https://www.sectoralpha.in/stocks/ashika-credit-capital-ltd) ₹2,952 crore
3. [Dam Capital Advisors Ltd](https://www.sectoralpha.in/stocks/dam-capital-advisors-ltd) ₹905 crore

[All 3 Finance - Investment Bankers companies, largest first](https://www.sectoralpha.in/sectors/finance-investment-bankers#all-companies)

### Companies close in size in other industries

1. [Mahanagar Gas Ltd](https://www.sectoralpha.in/stocks/mahanagar-gas-ltd) ₹10,357 crore · Gas Distribution
2. [Whirlpool of India Ltd](https://www.sectoralpha.in/stocks/whirlpool-of-india-ltd) ₹10,334 crore · Consumer Electronics
3. JM Financial Ltd ₹10,315 crore
4. [Bluestone Jewellery & Lifestyle Ltd](https://www.sectoralpha.in/stocks/bluestone-jewellery-lifestyle-ltd) ₹10,312 crore · Diamond, Gems & Jewellery
5. [Vinati Organics Ltd](https://www.sectoralpha.in/stocks/vinati-organics-ltd) ₹10,286 crore · Speciality Chemicals

## What else do people ask about JM Financial? ### What is JM Financial's share price today? JM Financial Ltd's share price is ₹111.96, −31.7% over the past year. The whole company is worth ₹10,693 Cr on the market. In the last 52 weeks it traded between ₹106 to ₹159; today it is 11% of the way up from the low, 12.8% below its 200-day average (as of 3 November 2026). ### What were JM Financial's latest quarterly results? JM Financial Ltd reported total income of ₹1,201 Cr and net profit of ₹369 Cr for the Jun 2026 quarter. Income rose 8.1% and profit fell 19.6% compared with a year earlier. Earnings per share were ₹3.05. The net margin was 30.7%, 10.6 percentage points lower than a year earlier (as of 3 November 2026). ### What is JM Financial's market cap? JM Financial Ltd's market capitalisation is ₹10,693 Cr at a share price of ₹111.96. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is JM Financial performing? JM Financial Ltd's share price has been falling for 41 weeks. In its latest quarter, income rose 8.1% and profit fell 19.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 3 weeks running (as of 3 November 2026). ### Will JM Financial's share price go up? This page does not forecast JM Financial Ltd's share price. What it shows instead: the share price is ₹111.96, and it has been falling for 41 weeks. Its P/BV of 1.0× is higher than 24% of its own last 11 years (as of 3 November 2026). ### Who owns JM Financial? Promoters own 58.0% of JM Financial Ltd, foreign institutions 16.9%, domestic institutions 5.1% and the public 20.1% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 3.5 percentage points over 8 quarters (as of 3 November 2026). ### Where is JM Financial in its business cycle? JM Financial Ltd's FY26 net margin was 28.4%, against a 13-year range of 0.6% to 31.2%: the middle of its own range, neither a peak nor a low. The latest quarter was 30.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the JM Financial story? The main question: yearly earnings per share moved +46.3% while the share price moved −31.7%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is JM Financial a stock worth studying right now? What the numbers show: JM Financial Ltd's P/BV is near the low end of its own history, higher than only 24% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a JM Financial share price forecast for 2026? What management itself guided: Wealth returns and profitability expected to improve this and next year as RM productivity rises; revenue planned above industry growth and hiring selective. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

This is research, not advice. We’re not SEBI-registered.