Looking for JM Financial share price targets for 2024, 2025 to 2030. To know how the stock will perform in the upcoming years, read the complete technical and fundamental analysis report.
Before going on it’s future targets, We first understand that what he is and what he do?
What is JM Financial Ltd.?
JM Financial Limited is a versatile financial services company, offering a range of services including investment banking, wealth management, and securities activities.
It’s involved in various financial activities such as capital market transactions, mergers and acquisitions, private equity syndication, and corporate finance advisory.
Additionally, it manages funds for institutional and non-institutional investors across different schemes. Established in 1986, it’s led by Mr. Manish Sheth.
Company Profile
| Company Type | Public |
| Traded As | NSE: JMFINANCIL, BSE: 523405 |
| Industry | Financial Services |
| Founded | 1973 (51 years ago) |
| Headquarters | Mumbai, India |
| Key People | Nimesh Kampani (Chairman), Vishal Kampani (Vice Chairman), Atul Mehra (Managing Director), Adi Patel (Managing Director) |
| Services | Investment Banking, Mortgage Lending, Investment Management, Asset Management, Mutual Funds, Exchange-Traded Funds |
| Revenue (₹ billion) | 37.63 (US$470 million) |
| Net Income (₹ billion) | 9.92 (US$120 million) |
| Total Assets (₹ billion) | 258 (US$3.2 billion) |
| Total Equity (₹ billion) | 106 (US$1.3 billion) |
| Number of Employees | 2,405 |
| Website | jmfl.com |
JM Financial Ltd. Fundamental Analysis
| Market Cap (Cr.) | ₹ 8,380.37 |
| Advances (Cr.) | ₹ 0 |
| No. of Shares (Cr.) | 95.56 |
| P/E | 27.73 |
| P/B | 2.05 |
| Face Value (₹) | ₹ 1 |
| Div. Yield (%) | 2.1 |
| Book Value (TTM) (₹) | ₹ 42.72 |
| Operating Revenue (Cr.) | ₹ 336.04 |
| Net Profit (Cr.) | ₹ 273.07 |
| Promoter Holding (%) | 56.44 |
| EPS (TTM) (₹) | ₹ 3.16 |
| Sales Growth (%) | -40.05 |
| ROE (%) | 7.26 |
| ROCE (%) | 8.46 |
JM Financial Ltd. Profit & Loss Report
| JM Financial Ltd. Profit & Loss (Cr.) | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 | MAR 2023 |
|---|---|---|---|---|---|
| Operating Income | 163.96 | 264.06 | 346.51 | 560.55 | 336.04 |
| Other Income | 122.16 | 46.52 | 27.90 | 59.08 | 155.70 |
| Interest | 19.56 | 7.81 | 7.24 | 6.76 | 6.13 |
| Operating Expenses | 133.19 | 123.61 | 142.07 | 189.49 | 160.58 |
| Total Provisions | 17.67 | 22.71 | 8.27 | 7.48 | 11.74 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 115.70 | 156.45 | 216.83 | 415.90 | 313.29 |
| Tax | 4.40 | 29.14 | 41.60 | 88.12 | 40.22 |
| Profit After Tax | 111.30 | 127.31 | 175.23 | 327.78 | 273.07 |
| Adjusted EPS (Rs.) | 1.33 | 1.51 | 1.84 | 3.44 | 2.86 |
| Year | Minimum JM Financial Share Price Target 2024 | Maximum JM Financial Share Price Target 2024 |
|---|---|---|
| 2024 | ₹140.53 | ₹186.37 |
JMFINANCIL’s initial price target for 2024 is estimated at ₹140.53, potentially rising to ₹159.86 by mid-year and reaching ₹186.37 by the end of the year, given favorable market conditions and bullish trends.
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| Year | Minimum JM Financial Share Price Target 2025 | Maximum JM Financial Share Price Target 2025 |
|---|---|---|
| 2025 | ₹185.53 | ₹300.37 |
The projected share price of JMFINANCIL is anticipated to reach ₹185.89 by January 2025. If both macro and microeconomic factors, along with industry trends, remain supportive, the target price could potentially reach ₹300.53 by December 2025.
| Year | Minimum JM Financial Share Price Target 2026 | Maximum JM Financial Share Price Target 2026 |
|---|---|---|
| 2026 | ₹300.50 | ₹490.37 |
According to technical data, JMFINANCIL’s minimum share price target is anticipated to reach Rs. 300.69, while the maximum value could reach Rs. 490.37.
| Year | Minimum JM Financial Share Price Target 2027 | Maximum JM Financial Share Price Target 2027 |
|---|---|---|
| 2027 | ₹485.53 | ₹600.37 |
According to Fibonacci projections, JMFINANCIL’s estimated price target forecast for the first half of 2027 ranges between ₹485 – ₹490. By the second half of 2027, the share price may reach a maximum value of ₹600.37.
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| Year | Minimum JM Financial Share Price Target 2028 | Maximum JM Financial Share Price Target 2028 |
|---|---|---|
| 2028 | ₹602.53 | ₹905.37 |
The initial price target for JM Financial Ltd in 2028 is projected at ₹602.25. With favorable market conditions, the mid-year price target for JM Financial Ltd could reach ₹750.92. By the end of 2028, the price target for JM Financial Ltd is expected to potentially reach ₹905.87, considering bullish market trends.
| Year | Minimum JM Financial Share Price Target 2029 | Maximum JM Financial Share Price Target 2029 |
|---|---|---|
| 2029 | ₹910 | ₹1100 |
The initial price target for JM Financial Ltd in 2029 is projected to be ₹910.05. With favorable market conditions, the mid-year price target for JM Financial Ltd could reach ₹910.76. By the end of 2029, the price target for JM Financial Ltd is expected to potentially reach ₹1100.72, considering bullish market trends.
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| Year | Minimum JM Financial Share Price Target 2030 | Maximum JM Financial Share Price Target 2030 |
|---|---|---|
| 2030 | ₹1110 | ₹1300 |
The initial price target for JM Financial Ltd in 2030 is projected to be ₹1110.62. With favorable market conditions, the mid-year price target for JM Financial Ltd could reach ₹1220.25. By the end of 2030, the price target for JM Financial Ltd is expected to potentially reach ₹1300.26, considering bullish market trends.
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Approximately 2% of India’s population invests in financial assets, indicating significant growth potential for the mutual fund industry, currently at around 7% penetration based on PAN cardholders.
Factors such as increased financial literacy, digitization, and diverse investment mediums contribute to the attractiveness of financial markets.
Key Financials:
Profitability: The company’s profit margin (PAT margin) stands at an impressive 81.26%, reflecting efficient cost control. JM Financial has seen a compounded profit growth of 28.96% over the past 3 years, with a net profit of Rs 273.07 Cr.
EPS Growth: While the company’s revenue figures have been strong, there is a -16.75% decline in the EPS (Earnings Per Share) year-on-year, suggesting a need for scrutiny of management efficiency.
Financial Ratios:
Return on Equity (ROE): The ROE for JM Financial is 7.26%, indicating room for improvement.
P/E Ratio: The current P/E ratio of 20.83 is lower than the 5-year average of 39.98, suggesting potential value at the current share price of Rs 87.70.
P/B Ratio: Trading at a P/B ratio of 2.01 (5-year average: 2.18), JM Financial’s stock valuation can be compared with the market price per share to assess its relative value.
Share Price: At Rs 87.70, using valuation calculators can help determine whether JM Financial’s share price is undervalued or overvalued.
Strengths
- The PAT margin has experienced a significant increase of 22.79%.
- Over the last three years, the company has consistently maintained a robust ROA of 6.79%.
- The company’s current trading position is at 1.50 times the book value.
- The promoters’ shareholding stands at a substantial 56.44%.
Weakness
- There has been a notable 56.95% increase in provisions and contingencies.
Does JM Financial Pays Dividends?
Yes, JM Financial Ltd pays dividends to its shareholders. For the fiscal year 2023-2024, the company paid a dividend of ₹2 per share.
In the quarter ending March 2024, JM Financial Ltd declared a dividend, resulting in a dividend yield of 1.33%.
The company has a history of paying dividends, rewarding shareholders by distributing a portion of its profits.
FAQs
According to analysis, JM Financial share price reach INR 500 at mid of 2027.
Q. What is the P/B and P/E ratios of JM Financial?
The P/E and P/B ratios of JM Financial is 11.71 and 0.97 as of 6 Mar 24.
