JM Financial Share Price

JM Financial Limited, based in Mumbai, is a diversified financial services company operating in the Indian non-banking financial services sector. The company provides͏ services across investment banking, wealth management, distressed credit, private equity, asset management and securities broking. JM F͏i͏nancial has also established a presence across institutional and retail financial markets through its capital markets and cr͏edit-focused businesses. The JM Financial share price on NSE and BSE indicates how market participa͏nts are reacting to the company’s operating p͏erformance and developments across the financial services industry.  

JM Financial stock price is influenced by factors such as capital market activity, investment banking deal flows, credit cycle conditions, interest rate movements, asset monetisation, and regulatory developments affecting NBFCs and capital market intermediaries. Changes in the business mix, scale in asset management and the performance of credit portfolios impact market sentiment around the company over the longer term. Keeping an eye on these elements also helps in understanding JM Financial share price trends over the longer term.  

JM Financial live share price offers you the last traded price, bid and ask levels, traded volumes and other real-time data. These indicators are a reflection of liquidity, activity of trading and how the market reacts to sector news, earning updates, regulatory changes and overall market economic conditions. Monitori͏ng JM Financial live price allows track short-term volatility and intraday price movements relative to broa͏der indices.  

Also, the monitoring of JM Financial share price today helps the investors to understand the current market sentiments, price movements and trading activities. It allows watching how the stock reacts to quarterly results, changes in capital market conditions, or shifts in the NBFC and financial services sector without suggesting any investment action.  

͏JM Financial Limited Company Fundamentals 

JM Financial Limited Company Background 

JM Financial Limited is an integrated and diversified financial services group, incorporated on 30 January 1987, with a strong presence across India and its headquarters in Mumbai. The Group operates across four core business segments. Its Corporate Advisory and Capital Markets business serves institutional investors, corporates, promoters, government bodies, and ultra-high-net-worth clients, offering investment banking, institutional equities, and research services. The Wealth and Asset Management vertical covers wealth management, broking, portfolio management services, equity and debt AIFs, and mutual funds. Private Markets includes private credit solutions across corporate, bespoke, real estate, and distressed credit, along with investments such as private equity funds and REITs. The Affordable Home Loans segment focuses on providing housing finance to underserved sections. Over the years, the Group has pioneered several innovative strategies, products, and services, building long-term client partnerships based on trust, confidentiality, and robust conflict management. Backed by a skilled and diverse professional team, the Group has earned multiple national and international accolades and remains committed to social responsibility through initiatives in education, healthcare, skill development, entrepreneurship, disaster relief, and animal welfare. 

JM Financials Company Product Lines  

• Corporate Advisory & Capital Markets — Investment banking services such as M&A advisory, capital raising, public and private equity/debt issuances, restructuring and related strategic services.  
• Investment Banking — Comprehensive solutions in mergers & acquisitions, restructuring, IPOs, follow-on offerings, debt & equity syndication, and corporate finance advisory.  
• Institutional Equities — Research-driven institutional broking, equity sales and trading services for domestic and offshore clients.  
• Wealth Management — Personalised advisory and wealth planning services tailored to high-net-worth individuals and families.  
• Portfolio Management Services (PMS) — Dedicated portfolios with tailored investment strategies for long-term growth.  
• Asset Management & Mutual Funds — Products across risk-return spectrums managed by JM Financial Asset Management Ltd.  
• Private Markets — Private credit solutions, bespoke financing, real estate and distressed credit, private equity and related investment vehicles.  
• Affordable Home Loans — Housing finance business focused on underserved customer segments. 

JM Finance Limited Company Revenue Model 

• Advisory & Investment Banking Fees — Fees from M&A, capital structuring, IPOs, rights issues, debt placements and strategic advisory.  
• Broking & Trading Revenue — Brokerage and transaction revenue from equities and institutional services.  
• Asset/Wealth Management Fees — Management and performance fees from mutual funds, PMS and AIFs.  
• Interest Income — Interest earned from lending activities, affordable housing loans, credit products (e.g., mortgages).  
• Investment Income — Returns from proprietary investments, private equity holdings and carried interest from funds. 

JM Financial Limited Geographic Presence 

• Mumbai, India (Registered & Corporate Office).  

Domestic Presence (India): 

• Branches and service locations in major Indian cities, including Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Lucknow, Mumbai, New Delhi, Pune, Surat and others.  

International Presence: 

• Mauritius — JM Financial Overseas Holdings Pvt Ltd, Ebene, Republic of Mauritius.  
• Singapore — JM Financial Singapore Pte Ltd (Singapore).  
• United States — JM Financial Securities, Inc., New York, USA.  
• UAE — Representative office in Dubai (DIFC) 

JM Financial Limited Leadership 

• Mr. Nimesh Kampani – Non-Executive Chairman 
• Mr. Vishal Kampani – Vice Chairman & Managing Director, JM Financial Limited 
• Mr. Adi Patel – Managing Director, JM Financial Limited 
• Mr. Chirag Negandhi – Managing Director, JM Financial Services Limited & JM Financial Limited 
• Ms. Sonia Dasgupta – Managing Director & CEO, Investment Banking 
• Mr. Ankur Jhaveri – Managing Director & CEO, Institutional Equities 
• Mr. Sandeep Jain – Managing Director & CEO, JM Financial Products Limited 
• Mr. Anuj Kapoor – Managing Director & CEO, Private Wealth 
• Mr. Dimplekumar Shah – Managing Director & CEO, Equity Broking, Business Affiliates & Retail Wealth 
• Mr. Amitabh Mohanty – Managing Director & CEO, Asset Management 
• Mr. Srinivasan V – Managing Director & CEO, Asset Reconstruction 
• Mr. Manish Sheth – Managing Director & CEO, Home Loans 
• Mr. Anil Salvi – Managing Director & Group Head – Human Resources 
• Mr. Nishit Shah – Managing Director & Group Chief Financial Officer 

JM Financial Limited Key Milestone 

• 1986 – Incorporated as J.M. Share and Stock Brokers Private Limited 
• 1988 – Became a deemed Public Limited Company 
• 1997 – Entered into a joint venture with Morgan Stanley 
• 2001 – Redeemed debentures and moved towards a zero-debt status 
• 2004 – Renamed as JM Financial Limited 
• 2006 – Amalgamation of J.M. Securities; launch of JM Financial India Fund 
• 2007 – Launched capital-protected Portfolio Management Scheme 
• 2008 – Acquired JM Financial ASK Securities; opened Vizag branch 
• 2010 – Strategic M&A cooperation with Rand Merchant Bank (RMB) 
• 2014 – Received strategic capital investment led by Vikram Pandit 
• 2015 – Investment banking cooperation with Seabury Corporate Finance 
• 2016 – Investments in fintech (Faircent), asset reconstruction, and affordable housing finance 
• 2017 – Expansion in asset management, housing finance, and strategic acquisitions 
• 2018 – Qualified Institutional Placement and increased stake in asset reconstruction business 
• 2019 – Growth in digital platforms, NCD issuances, and asset management scale 
• 2020 – Raised capital through QIP 
• 2021 – Private equity investments, bond platform launch, and fund closings 
• 2023 – Launch of Credit Opportunities Fund; restructuring and demerger completed 
• 2025 – Increased stakes in key subsidiaries; record profitability and AUM growth; private wealth business transferred 

JM Financial Limited Industry Perspective 

JM Financial Limited operates within India’s financial services industry, a broad ecosystem comprising banking, non-bank financial companies (NBFCs), asset and wealth management, capital markets, and insurance — collectively referred to as the Banking, Financial Services & Insurance (BFSI) sector. The Indian financial services sector has witnessed substantial expansion, with the BFSI market capitalization growing over 50-fold in the past 20 years to approximately ₹91 trillion by 2025, reflecting a CAGR of around 22% historically. NBFCs, a core part of this ecosystem alongside investment banking and broking, have seen their net worth grow at a ~15% CAGR since FY10, and their profit after tax expand at about 31.7% CAGR over two decades, underscoring robust underlying credit demand and financial inclusion trends. Wealth and asset management segments are also expanding, with Indian AUM expected to rise rapidly, supported by deepening market participation. Looking forward, the industry’s assets under management are projected to reach over US$1,200 billion by 2030, implying a ~14% CAGR from FY24 to FY30 as digital adoption, retail participation, and financialization of savings accelerate.  

JM Financial is positioned to benefit from the expanding Indian financial services industry through its diversified presence across investment banking, wealth and asset management, capital markets, and credit businesses. Rising financialisation of savings, higher capital market participation, growth in alternative investments, and increasing demand for structured credit and housing finance support business scale. Digital adoption and regulatory maturity further strengthen opportunities across its core operating segments. 

JM Financial Limited Stock Market Presence: Listings & Index Representation

JM Financial Limited was listed in 1994, marking its entry into India’s public equity markets as a diversified financial services company. 

JM Financial Limited is listed on major Indian stock exchanges, including NSE (JMFINANCIL) and BSE (523405). The company forms part of broader market indices such as Nifty 500, Nifty Smallcap 250, and BSE 500, reflecting its participation within India’s listed financial services universe. 

JM Financial share price is tracked by market participants due to its presence across capital markets, asset management, and credit businesses. Inclusion in broad-based indices indicates adequate market capitalisation, public float, and trading liquidity. Listing on both NSE and BSE supports transparent price discovery and enables participation by institutional and retail investors tracking diversified financial services stocks. 

JM Financial Limited Stock Performance and Share Price History 

JM Financial share price on NSE and BSE reflects its position as a diversified non-banking financial services company whose performance remains closely linked to capital market cycles, investment banking activity, asset management inflows, and credit conditions. JM Financial share price movement is often evaluated against benchmark indices such as the Nifty 50, Sensex, and financial services sector indices to assess relative performance. 

Short-term performance data highlights recent volatility. JM Financial share price declined 2.01% in one day, underperforming the Nifty 50 (-0.42%) and Sensex (-0.39%), while the industry posted a marginal gain of 0.06%. Over one week, the stock fell 3.03%, and over one month, it declined 5.87%, reflecting weaker sentiment compared to broader markets. The correction deepened over the three-month (-21.47%) and six-month (-20.44%) periods, significantly lagging both benchmarks and sector indices, indicating pressure from subdued capital market volumes and tighter liquidity conditions. 

Despite short-term weakness, medium- and long-term returns present a different picture. JM Financial share price delivered a 14.84% return over one year, outperforming the Nifty 50 (10.27%) and Sensex (8.65%), though trailing the industry and sector averages. Over three years, JM Financial stock price rose 86.01%, more than double benchmark index returns. Over five years, returns moderated to 60.23%, lagging the Nifty 50 and Sensex, while ten-year returns stand at 262.5%, broadly in line with long-term benchmark performance but well below sector-level expansion. 

Longer-term trends become clearer when viewed through JM Financial share price history and return cycles. The stock witnessed strong upside during 2006–2008, driven by buoyant equity markets, before facing sharp volatility during the global financial crisis, when annual returns fell 78.35% in 2008. Recovery phases followed as capital markets stabilised, with notable rebounds in 2009 (87.25%), 2012 (87.82%), and 2017 (137.71%). From 2018 onwards, JM Financial stock price largely remained range-bound amid NBFC-specific regulatory changes, periodic liquidity stress, and uneven capital market activity. 

Seasonality data further explains these movements. Over the five-year average, JM Financial share price has shown a recurring pattern of weak first-quarter performance (-17.61%), followed by stronger recoveries in Q2 (20.98%) and Q3 (23.34%), with softer outcomes in Q4. Years such as 2024 and 2025 reflect this pattern clearly, where sharp Q1 declines were followed by strong mid-year recoveries, highlighting the stock’s sensitivity to market liquidity, earnings visibility, and risk appetite. 

A deeper return analysis shows that JM Financial share price currently trades about 32.6% below its 52-week high and marginally above recent lows across short-term periods. Over a ten-year horizon, the stock has risen more than 305% from its cycle lows, reinforcing its long-term wealth creation potential despite extended consolidation phases. 

Overall, JM Financial stock price performance mirrors the behaviour of a mid-sized diversified financial services company operating outside the banking framework. Its combination of market-linked revenues and credit exposure has resulted in cycles of sharp expansion and consolidation. JM Financial share price history reflects resilience across market cycles, with movements closely tied to India’s economic growth, capital market development, and regulatory evolution rather than isolated company-specific events 

JM Financial Limited Investor Relevance and Portfolio Role 

JM Financial operates as a diversified financial services company within mid-cap and small-cap oriented portfolios, offering exposure to investment banking, asset management, wealth management, and credit businesses. Inclusion in indices such as Nifty 500 and BSE 500 highlights its relevance within the broader financial services segment. Its business model places it between capital market intermediaries and credit-focused NBFCs. 

JM Financial equity is held by a mix of domestic and global institutional investors, reflecting participation from long-term funds and alternative investment managers. Key institutional holders include JM Financial & Investment Consultancy Services Private Limited, JM Financial Asset Management, Think Investments, TIMF, Baron Capital Group, SNK Investments, quant Money Managers, ICICI Prudential Asset Management, SAIF Partners, and Boston Partners Global Investors. 

Mutual fund and global fund exposure includes Baron Emerging Markets Fund, Quant Small Cap Fund, Robeco QI Emerging Markets Active Equities, Motilal Oswal Small Cap Fund, ICICI Prudential Infrastructure Fund, Vanguard Total International Stock ETF, iShares Core MSCI Emerging Markets ETF, ICICI Prudential Dividend Yield Equity Fund, Vanguard FTSE Emerging Markets ETF, and Government Pension Fund Global. This investor mix reflects JM Financial’s positioning across emerging market and small-cap investment strategies. 

JM Financial share price is also monitored through derivatives activity, where open interest and rollover behaviour reflect expectations around capital market cycles and credit conditions. These indicators highlight how market participants position around earnings announcements and broader financial sector trends. 

Technical indicators such as JM Financial RSI, MACD, and MFI provide insight into short-term momentum in JM Financial stock price. While primarily used for near-term observation, these indicators help assess volatility around market events. 

JM Financial stock price volatility is reflected in its beta metrics. The long-term beta stands at 1.86, indicating higher sensitivity to market movements. Daily beta ranges between 1.45 and 1.53 over one- and three-month periods. Weekly beta values range from 2.10 to 2.52 over one- and two-year periods, while the monthly two-year beta reaches 2.83. These figures show that JM Financial share price tends to move more sharply than the broader market, reflecting its exposure to capital market cycles. 

JM Financial Limited Sectoral Relevance and Peer Positioning 

JM Financial sector relevance comes from its diversified presence across investment banking, asset management, wealth management, and credit solutions, positioning it within India’s miscellaneous financial services segment. Peer comparisons with companies such as Edelweiss Financial Services, Motilal Oswal Financial Services, IIFL Finance, and Aditya Birla Capital focus on business mix, revenue diversification, capital deployment, and regulatory compliance rather than short-term stock movements. 

JM Financial valuation metrics reflect its positioning within the sector. JM Financial P/E ratio stood at 11.19 for FY2025, compared to 17.41 in FY2024, representing a decline of 35.76 percent. The trailing twelve months P/E ratio stands at 11.51. Over the past five years, the highest P/E was 17.41 in FY2024, while the lowest was 8.34 in FY2022. The latest P/E remains below the five-year average of 11.96. 

JM Financial EPS trends show variation over recent years. Earnings per share stood at ₹6.19 in FY2021, rose to ₹8.10 in FY2022, declined to ₹6.26 in FY2023, fell further to ₹4.29 in FY2024, and recovered to ₹8.59 in FY2025. These changes reflect fluctuations in operating income, market-linked revenues, and credit performance. 

JM Financial market cap underscores its standing within India’s listed financial services companies. As of January 16, 2026, the market capitalisation stood at ₹131.69 billion, reflecting a year-on-year increase of 6.27 percent. Market cap history shows expansion from ₹70.93 billion in 2021 to ₹143.55 billion in December 2025, followed by a moderation in early 2026. Since May 2003, market capitalisation has grown significantly, reflecting the long-term expansion of operations. 

JM Financial earnings show income rising over the long term, with total revenue reaching ₹4,377.62 crore in FY2025 compared to ₹3,197.47 crore in FY2021. Net income stood at ₹821.31 crore in FY2025 after fluctuating across previous years. Long-term earnings growth aligns with expansion in financial services offerings and capital market participation. 

Summary 

JM Financial Limited is a diversified financial services company headquartered in Mumbai, operating across investment banking, capital markets, wealth and asset management, private markets, and affordable home loans. The Group serves institutional, corporate, and individual clients across India, with select international offices supporting cross-border activities. Its operations span advisory, broking, lending, and investment management businesses. JM Financial Limited share price reflects market activity, sector conditions, and regulatory developments linked to India’s financial services ecosystem over time across varied market cycles and business segments nationwide presence.