81.60 -0.80 (-0.97%)
NSEDec 01, 2020 11:34 AM
The 1 reports from 1 analysts offering long term price targets for JM Financial Ltd. have an average target of 65.00. The consensus estimate represents a downside of -20.34% from the last price of 81.60.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-05-12||JM Financial Ltd. +||ICICI Securities Limited||64.25||65.00||64.25 (27.00%)||Target met||Hold|
ICICI Securities Limited
JM Financial is a diversified financial group engaged in various businesses providing a host of services including mortgage lending (wholesale and retail), distress asset management (ARC), investment banking, wealth management & securities (IWS) and AMC. Moderation in advances, witnessed in last several quarters, continued further with ~18% YoY decline to | 11531 crore. Mortgage book comprised | 7342 crore, | 3880 crore towards capital markets, corporate/promoter funding. In capital markets, volume stayed healthy with market share in overall ADTO at 0.85% & 2.13%...
|2019-04-16||JM Financial Ltd. +||LKP Securities||90.00||135.00||90.00 (-9.33%)||Buy|
J M Financial has become a full-fledged financial service conglomerate offering services across the spectrum including lending services, asset management, ARC business, investment banking, wealth management, broking and securities business and private equity. Over the years, its various business segments have achieved decent size and scale and are higher profitable as well. For e.g. mortgage lending business has ROA/ROE of 4.3%/17.4%, AMC's ROE 23%, ARC's IRR is 34%. Management approach to grow assets conservatively but good quality assets has worked well for them. Despite NBFC crisis which has been one of the toughest, asset quality of company has held up well. In nutshell, business model has become more resilient and less volatile and less dependent on uncertain securities business. It is present across all high-growth and important business lines where the size of opportunity is big. More importantly, management bandwidth is strong. Although, recently, Q3FY19 performance has been marred by higher borrowing cost, we are optimistic that growth will resume in FY20 and higher...
|2017-05-23||JM Financial Ltd. +||HDFC Securities||114.00||114.00 (-28.42%)||Results Update|
|2017-04-18||JM Financial Ltd. +||Choice India||102.35||102.35 (-20.27%)||IPO Note|
JM Financial Ltd. (JMF) is one of the prominent financial group, providing the customized range of financial solutions to a range of clients. Like the IIFL and Edelweiss financial services, JFM involves in diversified financial businesses such as investment banking, equity, debt, commodity sales, trading, wealth management,...