AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 05.09.2020

-




 

JM FINANCIAL

CMP 83 ENTRY 75 TO 80 STOPLOSS  60 TARGET 130-140 TIME: 12 MONTHS

JM Financial is an integrated and diversified financial services group. The Group's primary businesses include (a) Investment banking,

wealth management and securities business (IWS) which includes fee and fund based activities for its clients (b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP) (c) Distressed credit which includes the Asset Reconstruction business (d) Asset Management which includes the mutual fund business. As of June 30, 2020, the consolidated loan book stood at ~Rs. 108.3 BN, distressed credit business AUM at ~Rs. 114.4 BN, wealth management AUA at ~Rs. 475.8 BN, mutual fund AAUM at ~Rs. 40.5 BN. The Group is headquartered in Mumbai and has a presence across 456 locations spread across 154 cities in India.

It has an equity base of just Rs.95.19 crore that is supported by reserves of around Rs.5502.21 crore. The Promoters hold 54.84%, FIIs hold 25.66%, DIIs hold 7.69% while the other investing public holds 11.81% stake in the company.

For Q1FY21, it posted a PAT of Rs.93.61 crore on income of Rs.686.80 crore and an EPS of Rs.1.01. Company paid 20% dividend for FY20. Currently, the stock trades at a P/E of 15.5x and at 57% discount to its October 2017.

Comments

Post a Comment

Popular posts from this blog

AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 13.06.2021

-
Image
                TOURISM FINANCE CORPORATION OF INDIA CMP 75.6 ENTRY 72 TO 75 STOPLOSS 60 TARGET 175 TIME: 12 MONTHS   Tourism Finance Corporation of India Ltd.(TFCI) is an Indian Financial Institution, setup in 1989 upon the recommendations of the National Committee of Tourism under the aegis of Planning Commission. Established  as a premier tourism financing institution,TFCI has acted as a catalyst in creation of infrastructure in hospitality segment in over 3 decades of its existence. TFCI has also enabled various businesses to channelize their investments into different segments and locations of the tourism industry. Set-up by a group of government organisations like. IFCI, LIC, OIC, SBI, BOI, Canara Bank, etc., TFCI was instrumental in creating many firsts (viz., Indian Railways' Palace on Wheels, Esselworld,spa/wellness resort Ananda in the Himalayas, etc.) in hospitality sector. TFCI has assisted a third of the total capac...
Read more

AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 57 : 13.09.2020

-
Image
  Financial Ratios   Management Efficiency Ratios   Last week we had seen details about Return on Equity (ROE), Return on Capital Employed (ROCE) and Return on Asset (ROA). This week we shall try to understand Liquidity Ratios. Management Efficiency Ratios help us to evaluate the ability of the management to use its assets and manage its liabilities effectively. Commonly used Management Efficiency Ratios include – 1. Fixed Asset Turnover Ratio 2. Working Capital Turnover Ratio 3. Total Asset Turnover Ratio 4. Inventory Turnover Ratio 5. Inventory Number of Days 6. Receivables Turnover Ratio 7. Days of Sales Outstanding Fixed Asset Turnover Ratio: The fixed-asset turnover ratio is the ratio of net sales to the fixed assets of the company. Fixed Asset Turnover Ratio = Net Sales / Average Net Fixed Assets This ratio is used to measure the operating performance of the company, i.e., how efficiently a company is producing sales with its machines a...
Read more

AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 61 : 10.10.2020

-
Image
                           Financial Ratios- Liquidity Ratio As the name indicates, these financial ratios help us to evaluate the ability of the management to use its assets and manage its liabilities effectively. Commonly used Management Efficiency Ratios include –   1. Fixed Asset Turnover Ratio 2. Working Capital Turnover Ratio 3. Total Asset Turnover Ratio 4. Inventory Turnover Ratio 5. Inventory Number of Days 6. Receivables Turnover Ratio 7. Days of Sales Outstanding   Fixed Asset Turnover Ratio: The fixed-asset turnover ratio is the ratio of net sales to the fixed assets of the company. Fixed Asset Turnover Ratio = Net Sales / Average Net Fixed Assets This ratio is used to measure the operating performance of the company, i.e., how efficiently a company is producing sales with its machines and equipment. In general, a higher fixed-asset turnover ratio indicates that a company ha...
Read more