JM Financial Limited Research Report
JM Financial Limited Research Report
|
Industry |
Market Price |
Recommendation |
Target |
Time Horizon |
|
Investment Service |
62.65 |
Buy |
90 |
1.5-Year |
JM Financial Limited - Q4 FY 2022 Review
JM Financial Limited reported net revenue of ₹791.25 crores for the quarter ended June 31, 2022, compared to ₹985.81 crores for Ju 31, 2021. Profit After Tax was ₹198.26 crores for the quarter ended June 31, 2022, as compared to ₹274.47 crores during the corresponding quarter of the previous year, respectively.
JM Financial Limited - Investment Summary
|
CMP (₹) |
62.65 |
|
52 Week H/L |
111.85/57.10 |
|
Market Cap (crores) |
5,981 |
|
Face Value (₹) |
1.00 |
|
Promoter Holding (%) |
55.41 |
|
Non-Promoter Holding (%) |
44.59 |
|
Total (%) |
100.00 |
|
Book Value |
₹111 |
|
EPS TTM |
₹8.09 |
JM Financial Limited - Overview
-
JM Financial Limited is an integrated and diversified financial services group.
-
The company allotted 3,82,803 equity shares under the employees’ stock option scheme as on 21 July 2022.
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The company has 112 branches across thirteen states and two union territories, across 185 cities in India.
-
CRISIL has assigned AA stable and A1+ credit rating for long-term and short-term debt facilities.
Beta: 1.27 |
Alpha: -9.15 |
Risk Reward Ratio: 1.83 |
Margin of Safety: 30% |
JM Financial Limited - Quarterly Summary
|
Quarterly (INR in crores) |
Jun-22 |
Mar-22 |
Dec-21 |
Sep-22 |
Jun-21 |
|
Interest Income |
463.4 |
422.26 |
490.9 |
505.11 |
432.65 |
|
Fees and Commission Income |
164.33 |
185.66 |
220.03 |
200.62 |
210.65 |
|
Brokerage income |
69.12 |
86.7 |
81.7 |
80.36 |
81.78 |
|
Net Gain on Fair Value Changes |
65.79 |
82.03 |
126.18 |
144.31 |
236.07 |
|
Net Gain on Derecognition on Financial Instruments Carried at Amortised Cost |
0 |
2.46 |
0.05 |
0 |
0 |
|
Other Operating Income |
28.61 |
30.33 |
33.48 |
31.84 |
24.66 |
|
Revenue from Operations |
791.25 |
809.44 |
952.34 |
962.24 |
985.81 |
|
|
|
|
|
|
|
|
Other Income |
14.47 |
29.58 |
12.55 |
7.25 |
6.74 |
|
Total income |
805.72 |
839.02 |
964.89 |
969.49 |
992.55 |
|
|
|
|
|
|
|
|
Finance costs |
260.74 |
249.95 |
283.4 |
287.39 |
260.99 |
|
Net Loss on Fair Value Changes |
0.04 |
0 |
0 |
2.46 |
0 |
|
Impairment on Financial Instrument |
32.27 |
50.43 |
75.43 |
113.87 |
108.63 |
|
Employee Benefit Expense |
147.76 |
97.44 |
142.72 |
145.4 |
162.25 |
|
Depreciation and Amortisation Expense |
9.56 |
9.64 |
9.29 |
9.41 |
9.44 |
|
Other Expenses |
96.18 |
110.17 |
104.9 |
93.65 |
90.84 |
|
EBT |
259.17 |
321.39 |
349.15 |
317.31 |
360.4 |
|
|
|
|
|
|
|
|
Tax Expenses |
60.19 |
92.48 |
87.97 |
89.29 |
85.93 |
|
PAT Before Non-Controlling Interest Share in Profit of Associates |
198.26 |
228.91 |
261.18 |
228.02 |
274.47 |
|
|
|
|
|
|
|
|
Share in Profit of Associates |
0.12 |
-0.71 |
0.14 |
0.28 |
0.31 |
|
PAT before Non-Controlling Interest |
198.38 |
228.2 |
261.32 |
228.3 |
274.78 |
|
|
|
|
|
|
|
|
Non-Controlling Interest |
28.37 |
49.61 |
44.11 |
53.87 |
|