JM Financial 2026 Forecast | Price, Valuation & Growth

JM Financial

BSE:523405

Rp 130,20

+ Rp1,50 (1,17%)

130,20 Rp

+Rp1,50 (1,17%)

End-of-day quote: 04/10/2026

JM Financial Stock Value

Analysts currently rate BSE:523405 as sf_Data Unavailable.

JM Financial Company Info

EPS Growth 5Y

-0,63%

Market Cap

Rp123,08 B

Long-Term Debt

Rp67,27 B

Annual earnings

05/30/2026

Dividend

Rp2,99

Dividend Yield

2,30%

Founded

1973

Industry

Financials

Country

India

Website

JM Financial

ISIN Number

INE780C01023

Website

http://www.jmfl.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp160,00

22.89%

Last Update: 04/10/2026

Analysts: N/A

Highest Price Target Rp160,00

Average Price Target Rp160,00

Lowest Price Target Rp160,00

In the last five quarters, JM Financial’s Price Target has risen from Rp109,00 to Rp109,00 - a 0,00% increase. We Are Currently Not Accepting Any New Customers. Enter Your Email To Be Notified When We Accept Customers Again. analysts predict that JM Financial’s share price will increase in the coming year, reaching Rp160,00. This would represent an increase of 22,89%.

Top growth stocks in the financials sector (5Y.)

What does JM Financial do?

JM Financial Limited operates as a financial services company engaged in delivering a wide array of financial solutions tailored to meet the diverse needs of its clients. The company serves various segments, including investment banking, asset management, and securities brokerage while providing a range of services that encompass wealth management and corporate finance advisory. Business Segments The company operates through multiple business segments, each designed to cater to specific market...

Business Segments

The company operates through multiple business segments, each designed to cater to specific market needs while ensuring comprehensive services aligned with strategic objectives. The principal business segments include:

Investment Banking

This segment provides a suite of services focused on mergers and acquisitions, public offerings, private placements, and other advisory services. The company guides clients through complex financial transactions, offering insights and expertise that help navigate regulatory environments and market dynamics.

Asset Management

This segment manages a variety of investment vehicles, including mutual funds, portfolio management services, and alternative investments. It employs a client-centric approach, ensuring that investment strategies align with the financial goals of diverse clientele.

Securities Brokerage

This segment offers trading and brokerage services across equity, debt, and derivative markets. The division is committed to facilitating efficient transactions while providing research and analysis to empower clients in making informed investment decisions.

Wealth Management

This segment delivers personalized financial solutions that encompass financial planning, investment advisory, estate planning, and retirement solutions. Its focus on client relationships fosters trust and ensures tailored financial strategies are developed based on individual needs.

Corporate Finance Advisory

This segment provides advisory services focused on capital restructuring, financial strategy, and investment analysis. The company supports corporate clients in optimizing their capital structure while strategizing for sustainable growth.

Business Strategy

The strategic focus of the company centers on significant expansion within the financial services landscape while maintaining a commitment to client-centric approaches. The company's business strategy is rooted in several core principles that underpin decision-making and operations.

First, the company places paramount importance on enhancing its service offerings to meet evolving client needs. Continuous development and refinement of services ensure alignment with market trends, regulatory changes, and technological advancements.

Second, the company emphasizes building long-term client relationships built on trust, transparency, and tailored solutions. The firm utilizes a consultative approach, engaging deeply with clients to understand their unique financial circumstances, goals, and challenges.

Third, the company actively seeks to expand its market presence. This expansion involves diversifying its product and service portfolio while entering new markets to capture growth opportunities.

Finally, the company is highly conscious of regulatory compliance and governance. By establishing robust internal controls and promoting ethical business practices, the company ensures that it adheres to the highest standards of integrity in all operations.

Products and Services

The company offers a broad spectrum of products and services designed to address the complex needs of clients in the financial sector. Key offerings include:

Investment Banking Services: Mergers and acquisitions advisory, IPOs, and private placements are part of the comprehensive suite of services provided to corporate clients.

Mutual Funds: Various mutual fund schemes cater to different investment objectives, allowing investors to optimize returns based on their risk profiles and financial goals.

Portfolio Management Services: Tailored investment strategies are developed to meet the unique needs of high-net-worth individuals and institutional clients.

Advisory Services: Comprehensive financial advisory services assist clients in making informed decisions regarding capital structure, strategic investments, and financial planning.

Brokerage Services: The firm provides trading platforms and research support across multiple asset classes, enabling effective portfolio management for investors.

Wealth Management: A holistic approach to managing client wealth that incorporates financial planning, investment strategies, and retirement solutions.

Corporate Finance: Strategic consulting services that address the needs of organizations in areas such as mergers, acquisitions, and capital restructuring.

Geographical Markets Served

The company serves a diverse range of geographical markets, offering its services across various regions. The company has a strong presence in major urban centers, facilitating access to comprehensive financial solutions tailored to meet the specific needs of both individual and corporate clients.

Seasonality

Older financial practices and market dynamics often lead to speculative fluctuations within financial performance measurements. However, the company has historically found ways to stabilize its performance across different seasons. Specific segments may experience variance based on market shifts, regulatory changes, and economic cycles, yet the company’s diversified service offerings and strategic approach mitigate significant seasonal impacts.

Customers

The customer base of the companies and individual retail clients, high-net-worth individuals, corporate entities, and institutional investors.

Sales and Marketing

Marketing efforts at the company comprise a mix of digital and traditional marketing strategies tailored to engage potential customers effectively. The company leverages digital platforms to enhance visibility and reach while fostering relationships through networking events and industry partnerships. The sales approach emphasizes personalized interactions and consultative selling, aligning financial solutions with client requirements.

History

The company was founded in 1973. It was incorporated in 1986. The company was formerly known as J.M. Share and Stock Brokers Private Limited and changed its name to JM Financial Limited in 2004.

JM Financial Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Financial Services:** approx. 40% **Investment Banking:** approx. 30% **Asset Management:** approx. 20% **Other Services:** approx. 10% **TOP 3 Markets:** 1. **India:** approx. 60% 2. **USA:** approx. 20% 3. **United Kingdom:** approx. 10% JM Financial Limited generates the majori...

At which locations are the company’s products manufactured?

**Production Sites:** No specific production sites, as JM Financial Limited is primarily active in the financial services sector. JM Financial Limited is a leading financial services company in India, offering a wide range of services including investment banking, asset management, securities tradi...

What strategy does JM Financial pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (2026) **Strategic Orientation:** JM Financial Limited pursues a diversified growth strategy based on several pillars: 1. **Expansion of Service Portfolio:** The company plans to further expand its services in investment banking, asset management, and...

Which raw materials are imported and from which countries?

**Commodities/Materials:** No specific commodities **Import countries:** No specific countries JM Financial Limited is a financial services company and not a manufacturing industry that imports commodities or materials. The company provides services in investment banking, asset management, and fin...

How strong is the company’s competitive advantage?

**Market share:** 8% (estimated, 2026) **Return on equity (ROE):** 14.5% (2025) **Customer retention rate:** 85% (2025) JM Financial Limited has established itself as a significant player in the Indian financial sector in recent years. The company's competitive advantage stems from its s...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 42% (2026, estimated) **Insider Buys/Sells:** No significant transactions reported (2026, estimated) The institutional investor share in JM Financial Limited is estimated to be around 42%. This demonstrates a strong confidence from institutional investors in the co...

What percentage market share does JM Financial have?

**Market share of JM Financial Limited:** Estimate: 2-3% (2026) **Top competitors and their market shares:** 1. **HDFC Securities:** 15% 2. **ICICI Direct:** 12% 3. **Kotak Securities:** 10% 4. **Sharekhan:** 8% 5. **Axis Direct:** 6% 6. **Motilal Oswal:** 5% 7. **Zerodha:** 4% 8. **JM Financial Li...

Is JM Financial stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Return on Equity:** 14.8% (2025) JM Financial Limited recorded solid revenue growth of 8.5% in 2025, indicating strong demand in its core business areas. The profit growth of 10.2% shows that the company was able to increase its effi...

Does JM Financial pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (2025) **Dividend History:** Consistent payout over the last 5 years JM Financial Limited has distributed dividends in recent years, with the dividend yield standing at approximately 2.5% in 2025. The company has maintained a consistent dividend policy over the past five y...

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JM Financial Stock Value

JM Financial Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does JM Financial do?

JM Financial Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

JM Financial Stock Value

JM Financial Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does JM Financial do?

JM Financial Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.