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JM Financial Limited (523405) Report Analysis

Corporate Events

Neutral

JM Financial Limited Presents at ICICI Securiti...

2022-11-18 00:00:00

JM Financial Limited Presents at ICICI Securities India Financials Conference, Nov-18-2022 . Venue: Mumbai, India.

Positive

Jm Financial Limited Declares an Interim Divide...

2022-11-14 12:46:00

JM Financial Limited declared an interim dividend of INR 0.90 per share for the financial year 2022-23. The said interim dividend, will be pai...

Neutral

ICICI Securities Limited, ICICI Securities Indi...

2022-11-14 10:15:00

ICICI Securities Limited, ICICI Securities India Financials Conference, Nov 16, 2022. Venue: Mumbai , India.

Positive

JM Financial Limited, 0.90 (INR), Cash Dividend...

2022-11-14 00:00:00

JM Financial Limited, 0.90 (INR), Cash Dividend, Nov-24-2022

Neutral

JM Financial Limited, Q2 2023 Earnings Call, No...

2022-11-11 11:03:00

JM Financial Limited, Q2 2023 Earnings Call, Nov 15, 2022

Neutral

JM Financial Limited, Board Meeting, Nov 14, 2022

2022-10-01 03:35:00

JM Financial Limited, Board Meeting, Nov 14, 2022, at 14:15 Indian Standard Time. Agenda: To consider and approve to consider and approve the ...

Negative

JM Financial Limited Announces Cessation of Directors

2022-07-04 11:41:00

JM Financial Limited informed that the following board members have ceased to be the independent directors of the Company upon completion of t...

Neutral

JM Financial Limited to Report Q2, 2023 Results...

2022-07-01 18:28:00

JM Financial Limited announced that they will report Q2, 2023 results on Nov 14, 2022

Neutral

JM Financial Limited to Report Q1, 2023 Results...

2022-07-01 18:28:00

JM Financial Limited announced that they will report Q1, 2023 results on Aug 02, 2022

Neutral

JM Financial Limited, Board Meeting, Aug 02, 2022

2022-07-01 03:19:00

JM Financial Limited, Board Meeting, Aug 02, 2022, at 13:30 Indian Standard Time. Agenda: To consider and approve the unaudited standalone and...

Neutral

JM Financial Limited - Shareholder/Analyst Call

2022-06-27 15:16:00

AGM

Positive

JM Financial Limited Recommends Final Dividend ...

2022-05-24 13:37:00

JM Financial Limited at the board meeting held on recommended a final dividend of INR 1.15 per share for he financial year 2021-22.

Neutral

JM Financial Limited, Annual General Meeting, A...

2022-05-24 13:27:00

JM Financial Limited, Annual General Meeting, Aug 02, 2022, at 16:00 Indian Standard Time.

Positive

JM Financial Limited, 1.15 (INR), Cash Dividend...

2022-05-24 00:00:00

JM Financial Limited, 1.15 (INR), Cash Dividend, Jul-07-2022

Neutral

JM Financial Limited, 2022 Earnings Call, May 25, 2022

2022-05-23 10:52:00

JM Financial Limited, 2022 Earnings Call, May 25, 2022

Neutral

JM Financial Limited to Report Q4, 2022 Results...

2022-05-04 13:00:00

JM Financial Limited announced that they will report Q4, 2022 results on May 24, 2022

Neutral

JM Financial Limited, Board Meeting, May 24, 2022

2022-05-04 13:00:00

JM Financial Limited, Board Meeting, May 24, 2022, at 14:15 Indian Standard Time. Agenda: To consider audited Standalone Financial Results for...

Neutral

JM Financial Limited, Board Meeting, Apr 22, 2022

2022-04-22 00:00:00

JM Financial Limited, Board Meeting, Apr 22, 2022. Agenda: To consider and approved the amended Code of Practices and Procedures for Fair Disc...

Neutral

JM Financial Limited - Shareholder/Analyst Call

2022-03-29 14:27:00

JM Financial Limited - Shareholder/Analyst Call

Neutral

JM Financial Limited, JM Financial Conference, ...

2022-02-11 13:32:00

JM Financial Limited, JM Financial Conference, Feb 14, 2022 through Feb 15, 2022.

Neutral

JM Financial Limited Presents at Build India, N...

2022-02-10 15:13:00

JM Financial Limited Presents at Build India, New India - Antique's Annual Investor Conference 2022, Feb-10-2022 .

Positive

JM Financial Limited Declares Interim Dividend ...

2022-02-07 11:46:00

JM Financial Limited announced that the Board of Directors have declared an interim dividend of INR 0.50 per share for the financial year 2021...

Negative

JM Financial Limited Approves Appointment of Pr...

2022-02-07 11:25:00

JM Financial Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the company approved the appoint...

Neutral

Antique, Build India, New India - Antique's Ann...

2022-02-02 06:10:00

Antique, Build India, New India - Antique's Annual Investor Conference 2022, Feb 10, 2022.

Neutral

JM Financial Limited to Report Q3, 2022 Results...

2022-01-14 00:00:00

JM Financial Limited announced that they will report Q3, 2022 results on Feb 07, 2022

Neutral

JM Financial Limited, Board Meeting, Feb 07, 2022

2022-01-14 00:00:00

JM Financial Limited, Board Meeting, Feb 07, 2022. Agenda: To consideration of unaudited standalone and consolidated financial results of the ...

Neutral

JM Financial Limited - Special Call

2021-12-30 13:59:00

JM Financial Limited - Special Call

Negative

JM Financial Limited Appoints BSR & Co. LLP as ...

2021-12-16 11:02:00

JM Financial Limited announced appointment of BSR & Co. LLP, Chartered Accountants (Firm registration no. 101248W/W-100022), Mumbai, as the st...

Neutral

JM Financial Limited - Special Call

2021-12-13 14:06:00

JM Financial Limited - Special Call

Negative

JM Financial Limited Announces Appointment of A...

2021-12-10 00:00:00

JM Financial Limited announced that at its board meeting held on December 9, 2021, the board approved the appointment of Mr. Navroz Udwadia an...

Neutral

JM Financial Limited - Special Call

2021-12-06 11:29:00

JM Financial Limited - Special Call

Neutral

JM Financial Limited Presents at ICICI Securities India Financials Conference, Nov-18-2022

2022-11-18 00:00:00

JM Financial Limited Presents at ICICI Securities India Financials Conference, Nov-18-2022 . Venue: Mumbai, India.

Positive

Jm Financial Limited Declares an Interim Dividend for the Financial Year 2022-23, Payable on or After December 12, 2022

2022-11-14 12:46:00

JM Financial Limited declared an interim dividend of INR 0.90 per share for the financial year 2022-23. The said interim dividend, will be paid to those Members whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of shares as on the Record Date, viz., November 25, 2022. The payment of interim dividend shall be made on or after December 12, 2022 but within the stipulated time period.

Neutral

ICICI Securities Limited, ICICI Securities India Financials Conference, Nov 16, 2022

2022-11-14 10:15:00

ICICI Securities Limited, ICICI Securities India Financials Conference, Nov 16, 2022. Venue: Mumbai , India.

Positive

JM Financial Limited, 0.90 (INR), Cash Dividend, Nov-24-2022

2022-11-14 00:00:00

JM Financial Limited, 0.90 (INR), Cash Dividend, Nov-24-2022

Neutral

JM Financial Limited, Q2 2023 Earnings Call, Nov 15, 2022

2022-11-11 11:03:00

JM Financial Limited, Q2 2023 Earnings Call, Nov 15, 2022

Neutral

JM Financial Limited, Board Meeting, Nov 14, 2022

2022-10-01 03:35:00

JM Financial Limited, Board Meeting, Nov 14, 2022, at 14:15 Indian Standard Time. Agenda: To consider and approve to consider and approve the unaudited standalone and consolidated financial results of the Company for the second quarter and half year ended September 30, 2022.

Negative

JM Financial Limited Announces Cessation of Directors

2022-07-04 11:41:00

JM Financial Limited informed that the following board members have ceased to be the independent directors of the Company upon completion of their second term as such, on July 2, 2022. Mr. E A Kshirsagar (DIN: 00121824); Dr. Vijay Kelkar (DIN: 00011991); Mr. Paul Zuckerman (DIN: 00112255); and Mr. Keki Dadiseth (DIN: 00052165).

Neutral

JM Financial Limited to Report Q2, 2023 Results on Nov 14, 2022

2022-07-01 18:28:00

JM Financial Limited announced that they will report Q2, 2023 results on Nov 14, 2022

Neutral

JM Financial Limited to Report Q1, 2023 Results on Aug 02, 2022

2022-07-01 18:28:00

JM Financial Limited announced that they will report Q1, 2023 results on Aug 02, 2022

Neutral

JM Financial Limited, Board Meeting, Aug 02, 2022

2022-07-01 03:19:00

JM Financial Limited, Board Meeting, Aug 02, 2022, at 13:30 Indian Standard Time. Agenda: To consider and approve the unaudited standalone and consolidated financial results of the Company for the first quarter ended June 30, 2022.

Neutral

JM Financial Limited - Shareholder/Analyst Call

2022-06-27 15:16:00

AGM

Positive

JM Financial Limited Recommends Final Dividend for the Financial Year 2021-22

2022-05-24 13:37:00

JM Financial Limited at the board meeting held on recommended a final dividend of INR 1.15 per share for he financial year 2021-22.

Neutral

JM Financial Limited, Annual General Meeting, Aug 02, 2022

2022-05-24 13:27:00

JM Financial Limited, Annual General Meeting, Aug 02, 2022, at 16:00 Indian Standard Time.

Positive

JM Financial Limited, 1.15 (INR), Cash Dividend, Jul-07-2022

2022-05-24 00:00:00

JM Financial Limited, 1.15 (INR), Cash Dividend, Jul-07-2022

Neutral

JM Financial Limited, 2022 Earnings Call, May 25, 2022

2022-05-23 10:52:00

JM Financial Limited, 2022 Earnings Call, May 25, 2022

Neutral

JM Financial Limited to Report Q4, 2022 Results on May 24, 2022

2022-05-04 13:00:00

JM Financial Limited announced that they will report Q4, 2022 results on May 24, 2022

Neutral

JM Financial Limited, Board Meeting, May 24, 2022

2022-05-04 13:00:00

JM Financial Limited, Board Meeting, May 24, 2022, at 14:15 Indian Standard Time. Agenda: To consider audited Standalone Financial Results for the last quarter and financial year ended March 31, 2022; to consider the audited Consolidated Financial Results for the last quarter and financial year ended March 31, 2022; and to consider the recommendation of final Dividend, if any, for the financial year 2021-22.

Neutral

JM Financial Limited, Board Meeting, Apr 22, 2022

2022-04-22 00:00:00

JM Financial Limited, Board Meeting, Apr 22, 2022. Agenda: To consider and approved the amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

Neutral

JM Financial Limited - Shareholder/Analyst Call

2022-03-29 14:27:00

JM Financial Limited - Shareholder/Analyst Call

Neutral

JM Financial Limited, JM Financial Conference, Feb 14, 2022 through Feb 15, 2022

2022-02-11 13:32:00

JM Financial Limited, JM Financial Conference, Feb 14, 2022 through Feb 15, 2022.

Neutral

JM Financial Limited Presents at Build India, New India - Antique's Annual Investor Conference 2022, Feb-10-2022

2022-02-10 15:13:00

JM Financial Limited Presents at Build India, New India - Antique's Annual Investor Conference 2022, Feb-10-2022 .

Positive

JM Financial Limited Declares Interim Dividend for the Financial Year 2021-22, Payable on or Before March 7, 2022

2022-02-07 11:46:00

JM Financial Limited announced that the Board of Directors have declared an interim dividend of INR 0.50 per share for the financial year 2021-22. The said interim dividend, will be paid to the Members of the Company on or before March 7, 2022 whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on February 18, 2022.

Negative

JM Financial Limited Approves Appointment of Pradip Kanakia as Additional Director

2022-02-07 11:25:00

JM Financial Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the company approved the appointment of Mr. Pradip Kanakia as an additional (independent) director with immediate effect.

Neutral

Antique, Build India, New India - Antique's Annual Investor Conference 2022, Feb 10, 2022

2022-02-02 06:10:00

Antique, Build India, New India - Antique's Annual Investor Conference 2022, Feb 10, 2022.

Neutral

JM Financial Limited to Report Q3, 2022 Results on Feb 07, 2022

2022-01-14 00:00:00

JM Financial Limited announced that they will report Q3, 2022 results on Feb 07, 2022

Neutral

JM Financial Limited, Board Meeting, Feb 07, 2022

2022-01-14 00:00:00

JM Financial Limited, Board Meeting, Feb 07, 2022. Agenda: To consideration of unaudited standalone and consolidated financial results of the company for the third quarter and nine months ended December 31, 2021.

Neutral

JM Financial Limited - Special Call

2021-12-30 13:59:00

JM Financial Limited - Special Call

Negative

JM Financial Limited Appoints BSR & Co. LLP as Statutory Auditors

2021-12-16 11:02:00

JM Financial Limited announced appointment of BSR & Co. LLP, Chartered Accountants (Firm registration no. 101248W/W-100022), Mumbai, as the statutory auditors of the Company.

Neutral

JM Financial Limited - Special Call

2021-12-13 14:06:00

JM Financial Limited - Special Call

Negative

JM Financial Limited Announces Appointment of Additional Directors

2021-12-10 00:00:00

JM Financial Limited announced that at its board meeting held on December 9, 2021, the board approved the appointment of Mr. Navroz Udwadia and Ms. Roshini Bakshi as additional (independent) directors with immediate effect.

Neutral

JM Financial Limited - Special Call

2021-12-06 11:29:00

JM Financial Limited - Special Call

Fundamental Summary

According to their recent financial report, which was published on 2022-07-01, JM had several impressive financial metrics that should make them more attractive than their peers going forward. Their growth, value, and income factors performance indicate that company management is focused on the right targets and executing well. We expect that this positive performance will continue in the coming months, and anticipate that JM will maintain good momentum even in a challenging environment. We gave JM a 79 rating and a BUY recommendation.

JM reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 8,771.3 million compared to INR 9,694.9 million a year ago. Net income was INR 1,800.1 million compared to INR 1,744.3 million a year ago. Basic earnings per share from continuing operations was INR 1.89 compared to INR 1.83 a year ago. Diluted earnings per share from continuing operations was INR 1.88 compared to INR 1.83 a year ago.For the six months, revenue was INR 16,828.5 million compared to INR 19,620.4 million a year ago. Net income was INR 3,500.2 million compared to INR 3,775.7 million a year ago. Basic earnings per share from continuing operations was INR 3.67 compared to INR 3.96 a year ago. Diluted earnings per share from continuing operations was INR 3.66 compared to INR 3.95 a year ago.

Business Description

JM provides various integrated and diversified financial services to corporations, financial institutions, high net-worth individuals, and retail customers in India. The company operates through four segments: Investment Bank, Mortgage Lending, Alternative & Distressed Credit, and Asset Management, Wealth Management & Securities Business (Platform AWS). The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also engages in institutional equities business and research, private equity funds, fixed income, syndication, and finance. The Mortgage Lending segment provides finance against commercial and residential real estate to a range of corporates and non-corporate clients. This segment also engages in educational institutions lending and housing finance businesses. The Alternative & Distressed Credit segment provides securitization and reconstruction of financial assets and manages alternative credit funds. The Platform AWS segment provides investment advisory and distribution services, which include equity brokerage, wealth management, and capital market lending for wealth management and broking clients, as well as distributes financial products; and manages mutual fund assets through various schemes. JM was founded in 1973 and is headquartered in Mumbai, India.

Sector Overview

JM is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. JM's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 258.1B 10.4% 58
Liabilities 151.9B 10.9% 76
Price to Book 0.8 -27.0% 79
Cash & Equivalents 12.6B 52.8% 79
Equity 76.9B 9.8% 52
Total Revenues 23.5B 23.3% 48
Parameter Value Change Score
Return on Equity 9.8 7.7% 77
Net Cashflow 4.4B 2549.0% 69
Capital Expenditure -168.0M -176.8% 69
Asset Turnover 0.1 10.3% 88
Free Cashflow Per Share -33.8 -426.2% 68
* All values are TTM

The below chart reflects JM's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While JM's peer average final assessment score stands on 72, JM's score is 79.

  •  523405
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Angel One Limited 133.3B 88 69 76
Buy
84
84 0 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 1 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 2 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 3 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 4 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 5 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 6 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 7 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 8 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 9 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 10 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 11 1
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 12 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 13 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 14 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 15 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 16 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 17 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 18 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 19 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 20 1
BSE Limited 78.2B 79 71 83
Buy
83
83 21 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 22 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 23 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 24 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 25 1

Macro Environment

Positive
80

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which JM Financial Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In our analysis of the current macro environment, as well as the potential risks that could specifically affect JM Financial Limited stock, we concluded that sentiment was largely positive and may lead to short-term price increases. Therefore, we rated the macro environment JM Financial Limited with a score of 80.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. JM's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), JM's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 83.

Bullish 83
Close Price 74.45
52W Low 57.75
52W High 77.75
5D MA 73.94
50D MA 71.1
200D MA 66.63
MACD 1.06
RSI 28.66
STOCH 74.77

Balance Sheet Analysis

While the critical metrics for JM's balance sheet were not overwhelmingly positive, nonetheless, JM's leadership seems to be consistently making smart decisions related to managing their balance sheet. JM publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 0.8 and represents a -27.0% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 79. Also, JM's management was effective in improving its cash and cash equivalents metrics, which now sit at 12.6B. This represents 52.8% change from the last reporting period. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 79. At the same time, one critical balance sheet metric, Equity, was notably weak. JM reported weak equity changes momentum this period. At filing, equity was reported as 76.9B, representing 9.8% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 6.0%. Their equity metrics appear unremarkable relative to their peers. Consequently, their equity movement received a grade of 52. Therefore, it received a score of 77.

Parameter Value Change Score
Assets 258.1B 10.4% 58
Liabilities 151.9B 10.9% 76
Price to Book 0.8 -27.0% 79
Cash & Equivalents 12.6B 52.8% 79
Equity 76.9B 9.8% 52
* All values are TTM

The below chart describes JM's performance as reflected on its balance sheet with respect to its peers. While JM received a balance sheet score of 77, the average of its peers stands on 72.

  •  523405
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 0 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 1 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 2 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 3 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 4 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 5 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 6 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 7 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 8 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 9 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 10 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 11 1
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 12 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 13 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 14 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 15 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 16 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 17 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 18 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 19 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 20 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 21 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 22 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 23 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 24 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 25 1

Income Statement Analysis

JM appears likely to maintain its strong income statement metrics, especially Return Factors. Return factors metrics and ratios were exceptional in this report. JM reported a return on equity (ROE) ratio of 9.8, representing a change of 7.7% from the last report. Its return factor metrics are even more remarkable when compared to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 77. That said, one metric, Revenue Efficiency, stood out as strongly negative. JM reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 23.5B and represented 23.3% change from the previous period. This metric might have a 2.9 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Its revenue efficiency, therefore, received a grade of 48. their income statement received an overall score of 69.

Parameter Value Change Score
Total Revenues 23.5B 23.3% 48
Return on Equity 9.8 7.7% 77
* All values are TTM

The below chart describes JM's performance as reflected on its income statement with respect to its peers. While JM received a income statement score of 69 , the average of its peers stands on 71.

  •  523405
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Angel One Limited 133.3B 46.0 73.0 70.0 69 0 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 1 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 2 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 3 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 4 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 5 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 6 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 7 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 8 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 9 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 10 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 11 1
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 12 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 13 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 14 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 15 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 16 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 17 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 18 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 19 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 20 1
BSE Limited 78.2B 59.0 69.0 78.0 71 21 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 22 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 23 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 24 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 25 1

Cash Flow Analysis

JM appears likely to maintain its cash flow metrics and momentum going forward. JM is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.1, representing a 10.3% change from the previous period. This metric might have a 3.4 percent impact on companies in the same industry and with the same market capitalization. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its asset turnover movement earned a score of 88. Also, JM presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 4.4B, which is a change of 2549.0% from the last filing. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Consequently, their net cash flow movement received a grade of 69. That said, one metric, Free Cash flow, stood out as particularly concerning. JM did a poor job related to generating and maintaining strong free cash flow this period, which stood at -33.8, representing a -426.2% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 5.2 percent by this parameter. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 68. Therefore, their cash flow earned a grade of 78.

Parameter Value Change Score
Net Cashflow 4.4B 2549.0% 69
Capital Expenditure -168.0M -176.8% 69
Asset Turnover 0.1 10.3% 88
Free Cashflow Per Share -33.8 -426.2% 68
* All values are TTM

The below chart describes JM's performance as reflected on its cash flow with respect to its peers. While JM received a cash flow score of 78, the average of its peers stands on 62.

  •  523405
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 0 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 1 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 2 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 3 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 4 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 5 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 6 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 7 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 8 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 9 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 10 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 11 1
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 12 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 13 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 14 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 15 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 16 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 17 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 18 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 19 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 20 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 21 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 22 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 23 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 24 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 25 1

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