NSE: KJMCFIN · BSE: 530235
K J M C FINANCIAL SERV L
Operates as a non-banking financial company (NBFC) listed on BSE (Scrip Code 530235), earning primarily through interest income from lending and trading/investment income. Consolidated revenue from operations for 9M FY26 was Rs 562.66 lakhs, of which interest income was Rs 117.98 lakhs (versus Rs 73.49 lakhs in 9M FY25), with the balance coming from trading and other operating income. During FY26, loans given on the standalone book rose by Rs 897.10 lakhs, while the equity investment portfolio shrank from Rs 16,094.37 lakhs to Rs 9,627.07 lakhs, booking large mark-to-market revaluation losses through Other Comprehensive Income. For the full year, consolidated total income was Rs 838.78 lakhs with profit after tax of Rs 170.85 lakhs. As a financial services business, there is no material cost; employee costs were 14.3% of revenue and other operating expenses were 26.7%, with depreciation at 7.1%. The board is considering raising funds via non-convertible debentures or market-linked debentures on private placement, and consolidated borrowings stood at Rs 1,331.92 lakhs at FY26 end (up from Rs 408.34 lakhs a year earlier). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Trading and investment income, Other operating income. Small, BSE-listed NBFC focused on lending and investment activities
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4 | 3 | 5 | 5 | 7 |
| EBITDA (ex other income) | 1 | 0 | 2 | 2 | 4 |
| margin % | 20.0 | 2.5 | 47.9 | 43.7 | 59.0 |
| Owners' profit | 0 | 0 | 0 | 0 | 2 |
| EPS, as reported (₹) | (1.06) | (1.93) | 1.80 | 1.77 | 3.57 |
| ROE % · ROCE % | (0.6) · — | (1.1) · — | 0.7 · — | 0.5 · — | 1.7 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (1) | (4) | 3 | 1 | (10) |
| Capex | (1) | (0) | (0) | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 1 | 0 | 2 | 2 | 2 | 1 |
| Profit before tax | 1 | 1 | 0 | (1) | 1 | 1 | 0 | (0) |
| Net profit | 1 | 1 | 0 | (0) | 1 | 1 | 0 | (0) |
| EPS (₹) | 1.18 | 1.55 | 0.05 | (1.01) | 2.26 | 1.38 | 0.48 | (0.58) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.4 | 18.1 | 98 of 200 | 51% |
| P/B | 0.3 | 1.1 | 23 of 253 | 91% |
| ROE | 1.7 | 3.1 | 157 of 257 | 39% |
| EBITDA margin | 31.4 | 48.6 | 146 of 249 | 42% |
| Revenue growth | 1805.0 | 12.6 | 7 of 231 | 97% |
| Profit growth | 42.1 | 7.8 | 93 of 251 | 63% |
| Market cap | 28 | 34 | 145 of 268 | 46% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Compliance certificate for securities dematerialization for Q2 FY26-27 | compliance | minimal | — | — |
| 29 Sept 2026 · KJMC Financial Services: 38th AGM results, all 10 resolutions passed | compliance | low | — | — |
| 28 Sept 2026 · 38th AGM held via video conferencing - 10 resolutions tabled for member voting | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed for Q2 and H1 FY26 results | compliance | minimal | — | — |
| 11 Sept 2026 · AGM notice and annual report dispatched to non-registered shareholders | compliance | minimal | — | — |
| 7 Sept 2026 · Newspaper publication of 38th AGM notice | compliance | minimal | — | — |
| 5 Sept 2026 · KJMC Financial announces e-voting facility for 38th AGM on Sept 28, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · KJMC Financial Services fixes record date for FY26 dividend | corporate actions | medium | — | — |
| 5 Sept 2026 · KJMC Financial submits 38th Annual Report for FY26, sets Sep 28 AGM | results | medium | — | — |
| 5 Sept 2026 · 38th AGM on Sept 28, 2026: Dividend, Director Changes, NCD Issue | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.