Just Dial Share Price

Just Dial Limited, with its corporate operations in Mumbai, functions as a local search engine and business directory platform in India. The company provides information related to localised services to users through mobile apps, website, and telephone . Just Dial operates a B2B platform called JD Mart for vendor discovery and an end-to-end business management solution for MSMEs . The company has a substantial reach with over 52.8 million active listings spread across more than 250 cities in India . The company also provides JD Pay, a digital payment solution for users and vendors .

Just Dial share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the internet services sector. The company’s financial health depends on active paid listing volumes, revenue from JD Mart platform, collection efficiency, and the performance of its business management solutions segment. Just Dial stock price is influenced by various factors such as earnings, regulatory changes in the digital payment space, competition from other online directories, and MSME digitisation trends. In the longer run, strategies such as AI-powered tool launches, platform expansion, and new product offerings affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the company’s stock price movements.

Just Dial live share price provides real-time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Just Dial live price helps in observing short term price volatility and shows how a stock moves relative to the broader TECK index. Furthermore, monitoring Just Dial share price today helps investors understand real-time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short-term performance, and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. Just Dial stock price movements also reflect broader trends in the Indian internet services industry, along with changes in digital adoption rates among small businesses and merchant onboarding trends.

Just Dial Limited Fundamentals

A. Company Background

Just Dial Limited was incorporated in 1996 in Mumbai, India. The company provides local search, digital listings, and related services that connect users with businesses across various categories. It began as a voice-based local search service accessible through telephone and later expanded into internet, mobile, and app-based platforms. The company is headquartered in Mumbai, Maharashtra, with operations across India.

In 2021, Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited, acquired a controlling stake in the company. Over time, Just Dial has expanded its offerings to include search, listings, advertising, and transaction-enabled services for small and medium enterprises, along with B2B marketplace initiatives.

B. Company Product Lines

• Local Search and Listings
  – Business listings across categories such as healthcare, services, retail, and restaurants
  – Search services available via website, mobile app, and voice

• Advertising and Paid Listings
  – Subscription-based premium listings (e.g., priority visibility for businesses)
  – Digital advertising solutions for local businesses

• B2B Marketplace (JD Mart)
  – Platform connecting manufacturers, wholesalers, and buyers
  – Listings for industrial goods, bulk supplies, and equipment

• Transaction and Engagement Services
  – Features such as appointment booking, inquiries, and customer engagement tools
  – Digital solutions aimed at improving business visibility and customer interaction

C. Company Revenue Model

• Subscription-Based Listings
  – Revenue from paid listings and subscription packages offered to businesses

• Advertising Revenue
  – Income from digital advertisements and promotional visibility on the platform

• Lead Generation Services
  – Revenue from customer inquiries and connections provided to businesses

• B2B Marketplace Revenue
  – Subscription and listing fees from businesses on JD Mart

• Value-Added Services
  – Additional services for customer engagement and business promotion

D. Geographical Presence

• Headquarters
  – Mumbai, Maharashtra, India

• Technology and Operational Centers
  – Presence in major cities including Bengaluru

• Domestic Presence
  – Offices and operations across major Indian cities such as Delhi NCR, Mumbai, Pune, Hyderabad, Kolkata, Chennai, Ahmedabad, Jaipur, Chandigarh, and Coimbatore

• Market Coverage
  – Services available across multiple cities and towns in India through digital platforms

E. Key Milestones

• 1996: Company established as a voice-based local search service in Mumbai

• 2007: Launch of online platform (website)

• 2013: Initial Public Offering (IPO) and listing on Indian stock exchanges

• 2015: Introduction of transaction-enabled services on the platform

• 2020: Launch of JD Mart for B2B marketplace services

• 2021: Acquisition of controlling stake by Reliance Retail Ventures Limited

• 2024–2025: Continued expansion of digital listings and B2B offerings

F. Industry Perspective

India’s digital search and local services industry is driven by increasing internet penetration, smartphone usage, and digital adoption by businesses. Platforms that provide local search and discovery services play a role in connecting consumers with small and medium enterprises across sectors.

The growth of digital advertising, online marketplaces, and B2B platforms has expanded opportunities for service providers. Initiatives such as Digital India and the development of digital commerce infrastructure are supporting the adoption of online platforms by businesses.

At the same time, the industry remains competitive, with multiple platforms offering search, listings, and marketplace services. Companies operating in this segment focus on improving user experience, expanding business listings, and enhancing monetization through subscriptions and advertising services.

Just Dial Limited Stock Market Presence: Listings & Index Representation

Just Dial Limited is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Just Dial share price is available for trading on the NSE under the symbol JUSTDIAL and on the BSE with the scrip code 535648 . The company’s market presence is primarily within the small-cap segment of the market. Due to its size and sector focus, Just Dial share price is generally tracked by investors interested in the internet and technology-enabled services industry. The company was listed on the stock exchanges following its initial public offering in May 2013 at an issue price of Rs 543 per share .

Just Dial is part of several broad-based and sector-specific stock market indices, reflecting its position as a small-cap internet company in India. The company is a constituent of the BSE Teck index and the BSE SmallCap index . In addition, the company is included in the BSE 500 index. The Just Dial stock price is also tracked within broader composite indices like the Nifty 500. These indices capture companies across large, mid, and small-cap segments. The company’s inclusion in the BSE Teck index helps investors track its performance relative to other technology and internet companies in India.

Just Dial Limited Stock Performance and Share Price History

Just Dial share price on NSE reflects its status as a local search and business directory platform serving MSMEs and consumers in India. Performance is driven by active paid listing growth, revenue from JD Mart platform, collection from existing advertisers, and the company’s ability to manage technology and employee costs. Investors compare Just Dial share price today with other internet-based service platforms to gauge relative performance. These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader internet sector strength has also played a role in supporting Just Dial share price.

In addition to operational and sector-led factors, corporate actions such as the change in control can also have a significant impact on Just Dial share price movements. Reliance Retail Ventures Limited acquired sole control of Just Dial from September 1, 2021 . This shows how ownership changes can trigger market interest. While short-term movements reflect events and announcements, longer-term valuation trends are visible through Just Dial share price 52-week high and low, providing context beyond daily or weekly changes. The 52-week high stands at Rs 1,049.85, while the low stands at Rs 480.50 as of April 2026 . Highs indicate strong advertising revenue growth and platform adoption, while lows align with market corrections or sector volatility. These levels capture impacts of internet penetration trends, competition from other platforms, and earnings visibility, providing context for the stock’s historical performance.

Just Dial stock performance reflects the trading behaviour of a small-cap internet company operating within India’s digital services space. The company’s portfolio across local search, B2B platform JD Mart, and digital payment solutions has shaped its Just Dial share price history. The stock delivered returns of 46.7% in 2023 and 61.8% in 2024, but declined by 8.9% in 2025 . The Just Dial share price has shown significant volatility, with the stock currently trading near its 52-week low of Rs 480.50. Over longer investment horizons, the stock has delivered a three-year return of 6.9% and a five-year return of 156.6% . These returns highlight the growth trajectory of the company’s digital platform and its ability to onboard paying advertisers.

Just Dial stock performance over time has closely followed digital adoption among MSMEs and the company’s success in launching new products. The stock showed strong momentum in 2024 following the company’s focus on AI-powered tools and the JD Sixer Pack launch . However, the Just Dial share price has seen a substantial decline from its peak of Rs 1,049.85, falling over 50% from its 52-week high . This decline coincides with weaker financial performance in recent quarters. Despite COVID-19 disruptions, Just Dial shares showed resilience in 2021 and 2022, supported by the company’s shift towards digitising MSMEs. The company launched JD Mart, a B2B platform, and JD Pay, a digital payment solution, to diversify its revenue streams .

Just Dial share price has seen decreases due to several recurring reasons. A decline in active paid listing volumes or a drop in collection from advertisers directly impacts profitability and leads to selling pressure. Changes in government policy, such as modifications in data protection regulations or digital payment guidelines, can also cause the stock to fall. Furthermore, any increase in operational costs like marketing expenses or technology investments without a matching rise in revenue squeezes the company’s margins, making the stock less attractive. Periods of economic slowdown that affect MSME advertising budgets raise concerns about paid listing renewals, leading to a drop in Just Dial share price. The stock is also sensitive to competition from other online directories like Sulekha and Google; if these competitors gain market share, it can lead to a decrease in Just Dial stock price as investors adjust expectations for future revenue growth . Broader market sell-offs in small-cap stocks also pull the price down, regardless of the company’s individual performance. The company reported a 10.19% fall in its net profit at Rs 117.93 crore for the third quarter ended December 31, 2025, compared to Rs 131.31 crore in the same quarter of the previous year . This profit decline led to a drop in Just Dial share price during that period.

Just Dial Limited Investor Relevance and Role in Portfolio

Just Dial is a holding in small-cap and technology-focused portfolios, offering exposure to local search advertising, B2B e-commerce platform JD Mart, and digital payment solutions. Inclusion in the BSE Teck index underscores its importance in India’s internet services space. The company’s asset-light business model, strong brand recall, and backing from Reliance Retail Ventures make it a consideration for long-term allocations.

Just Dial equity is held by a mix of promoters, institutions, and retail investors, reflecting its standing as a small-cap internet company. The promoter group, led by Reliance Retail Ventures Limited, holds a stable stake of approximately 74.15% in the company . Foreign institutional investors hold approximately 5.96% stake as of December 2025, while mutual funds hold around 8.52% . Prominent mutual fund holders include Quant Mutual Fund through its small cap fund, Nippon India Mutual Fund, and DSP Mutual Fund . Retail investors and others constitute around 10.93% of the shareholding . This investor base with majority promoter holding underscores the company’s role as a holding in both domestic and global portfolios focused on digital services.

Beyond fundamentals and ownership, Just Dial stock is monitored for its trading volumes and delivery percentage. These indicators reflect investor interest in the counter. Market participants watch these indicators to gauge sentiment around quarterly results and business announcements. Technical indicators such as Just Dial share price RSI, MACD, and MFI provide additional insight into short-term momentum shifts in the company’s stock price. While these indicators are primarily used for near-term trading decisions, they also help investors and portfolio managers understand broader market sentiment. In the short-term and weekly timeframe, the stock has exhibited price movements that correlate with its industry peers. This consistency suggests that the stock moves in line with sector-specific news.

Just Dial stock price has a beta that reflects its position as a small-cap internet stock with promoter control and business fundamentals tied to digital advertising and MSME digitisation cycles. Over shorter timeframes, such as the one-month period, the stock has shown relatively higher sensitivity to market movements, indicating short-term volatility. During the three-month period, this sensitivity appears more balanced, suggesting a closer alignment with broader market trends. Across longer durations, such as the six-month and one-year periods, the beta trends in a manner that reflects reduced correlation with overall market fluctuations. This shift suggests that over time, the stock behaves with a pattern typical for companies in the internet services sector. Overall, these variations across different timeframes highlight that while Just Dial may experience short-term fluctuations, its longer-term volatility remains within a range that reflects its business characteristics.

Just Dial Limited Sectoral Relevance and Peer Positioning

Just Dial sector relevance stems from its position as a local search engine with over 52.8 million active listings, its B2B platform JD Mart connecting MSMEs with buyers, and its digital payment solution JD Pay for facilitating transactions. Peer comparisons with Info Edge India, Matrimony.com, Sulekha, Google Local Services, and Alibaba’s B2B platforms focus on active listing volumes, paying customer base, revenue mix, and geographical presence rather than short-term stock moves . These benchmarks help investors assess operational scale, efficiency, and market reach. Institutional tracking of MSME digitisation trends, digital advertising spending, and internet penetration further highlights Just Dial positioning within India’s broader internet services market.

Just Dial market cap highlights its position as a small-sized player within India’s internet services and local search sector. The company’s market valuation has seen significant fluctuations over the past three years, reflecting changes in active paid listing growth and investor sentiment. As of March 2026, the market cap stands at approximately Rs 4,467 crore . The market cap serves as a measure of the company’s size relative to other players in the sector. Investors track market cap changes to understand the company’s growth trajectory. The company’s focused approach on digitising MSMEs and its backing from Reliance Retail support its valuation. Just Dial market cap remains an important metric for comparing its scale against peers like Info Edge India.

Just Dial earnings demonstrate the impact of its focus on active paid listings and platform revenue. The company reported total income of Rs 1,528.47 crore for the financial year ended March 31, 2025, compared to Rs 1,348.37 crore in the previous year, representing an increase of 13.36% . The company reported a net profit of Rs 584.20 crore for FY 2024-25, up 61% from Rs 362.85 crore in the previous year . However, in the third quarter of FY 2025-26, net profit fell 10.19% to Rs 117.93 crore despite a 7.01% rise in total income to Rs 390.32 crore . These earnings figures are influenced by collection efficiency and paid listing growth. Just Dial earnings provide a view of how the company converts its user base into financial performance.

Just Dial EPS provides insight into its operational performance and income generation per share. The company’s earnings per share stands at approximately Rs 68.69 as of March 2026 . The company has maintained positive EPS, indicating that its operations are generating profits for shareholders. Just Dial EPS is a metric that helps investors understand the company’s profitability on a per-share basis. This figure is influenced by the company’s ability to convert free users into paid advertisers and manage operating expenses. Tracking EPS helps in assessing the company’s earnings consistency over different market cycles. The EPS has shown variation across quarters, reflecting the seasonal nature of advertising spends and the impact of new product launches on profitability.

Just Dial P/E ratio reflects how investors perceive the company’s earnings relative to its revenue streams from advertising and platform operations. The current P/E ratio stands at approximately 7.65 times, which represents a discount to the industry median . In earlier years, the ratio remained at higher levels, with the P/E reaching significantly elevated figures during periods of strong earnings growth. Following the company’s recent profit decline, the valuation has moderated. Just Dial P/E ratio remains a metric that investors use to compare valuation with peers in the internet services sector. The ratio continues to be influenced by the company’s reported quarterly financial performance and active paid listing growth trends.

Summary

Just Dial Limited operates a local search engine and B2B platform connecting users with businesses across India. The company generates revenue through paid advertising listings from MSMEs on its platform. Just Dial share price reflects the company’s operational performance and trends in the internet services industry. The company is backed by Reliance Retail Ventures Limited, which holds majority control. Just Dial stock price movements are observed within the small-cap TECK segment. The company’s inclusion in benchmark indices like the BSE Teck and BSE SmallCap highlights its exchange-listed status in India .