JM Financial (JMFINANCIL)

FairStock Score: 63/100 — STEADY

Score breakdown: P/E: 3/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 1/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach JM Financial as a Graham-style bargain hunter and a Buffett-style business appraiser. At ₹126.43, market cap ₹12,099 Cr, it sells for 11.64x earnings and 1.13x book value of ₹111.44. The Graham Number is ₹172.82, offering about 26% margin of safety. That is attractive if the earnings are durable. The Piotroski F-Score of 7/9 and free cash flow of ₹3,094 Cr suggest accounting and cash generation are not fragile. Promoter holding of 56.90% aligns incentives, and a 1.38% dividend yield pays me to wait. However, the latest quarter shows ₹999 Cr sales and ₹318 Cr net profit, while overall sales fell 10.30% and profit fell 35.70%. Five-year revenue CAGR is only 5.06%, so this is not a fast grower. ROE 12.81% and ROCE 9.39% are decent but not exceptional; debt/equity of 1.02 requires watching, especially for a holding company. The Altman Z-Score of 1.21 is a red flag, and EV/EBITDA of 266.79 looks extreme; I would not rely on the DCF intrinsic value of ₹1,732.04 without understanding those cash flows. PEG of 0.25 hints cheapness only if growth stabilizes. FairStock score 63/100 says steady, not wonderful. The low P/B and positive cash flow give some downside cushion, but holding-company discounts can persist. I would call it a slow grower with asset-value support. Buy only at a discount, demand a margin of safety, and monitor promoter actions, debt, and profit recovery.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer