JMD Ventures Ltd (511092)
🎯 Key Takeaways
- JMD Ventures Ltd appears to be a financially distressed entity operating in the financial services space, with persistent losses, negative ROE and ROCE, and negligible revenue generation over recent periods. The company has not demonstrated operational recovery or profitability despite minor fluctuations in balance sheet figures.
- Revenue declined 80.4% QoQ to ₹0 in Q1FY21.
- ⚠️ 1) Persistent losses and negative profitability metrics with no signs of operational improvement. 2) Absence of revenue generation or business activit
📖 The Story
JMD Ventures Ltd appears to be a financially distressed entity operating in the financial services space, with persistent losses, negative ROE and ROCE, and negligible revenue generation over recent periods. The company has not demonstrated operational recovery or profitability despite minor fluctuations in balance sheet figures. Its current market capitalization of ₹22 crore reflects minimal investor confidence or market valuation. The business appears to be in a survival or dormant phase rather than active growth or restructuring.
📰 What's Happening
The most recent disclosed activity is the announcement of its AGM scheduled for September 1, 2026, where it plans to adopt the 2025-26 Directors Report and re-appoint Managing Director Kailash Prasad Purohit. The agenda also includes an increase in authorized share capital, signaling potential intent to raise capital or accommodate future issuances. This suggests limited strategic momentum, with governance updates serving as the primary corporate activity. No operational expansions, new contracts, or business pivots have been disclosed in recent filings.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2019 | Dec 2019 | Mar 2020 | Jun 2020 |
|---|---|---|---|---|
| Revenue | 1 | 0 | 2 | 0 |
| Operating Profit | -1 | -1 | -1 | -0 |
| OPM % | -100.0% | -112.8% | -37.5% | -115.2% |
| Net Profit | -0 | -1 | 0 | -3 |
| EPS | ₹-0.34 | ₹-0.36 | ₹0.30 | ₹-2.24 |
The company has consistently reported near-zero or negative revenue and operating margins over the past several quarters, with recurring net losses and negative EPS. Despite stable equity and reserves on the balance sheet, there has been no improvement in profitability metrics, indicating that cost structures or revenue models remain unsustainable. The lack of revenue recovery or margin improvement suggests ongoing operational headwinds without visible corrective measures from management.
🔮 Management Outlook & What's Next
Management has not provided forward-looking guidance or strategic outlook in the available filings, with disclosures limited to routine governance updates and share capital modifications. There is no public commentary on business recovery, revenue growth, or margin improvement plans. The re-appointment of the Managing Director indicates continuity in leadership but does not signal a clear strategic direction or vision for turning around the business.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2015 | Mar 2015 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|
| Equity Capital | 7 | 7 | 14 | 14 |
| Reserves | 31 | 30 | 20 | 19 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 260 | 183 | 40 | 40 |
| Fixed Assets | 0 | 0 | 1 | 3 |
| Investments | 11 | 1 | 0 | 0 |
| Total Assets | 260 | 183 | 40 | 40 |
The balance sheet shows stable equity and reserves with no debt, suggesting a conservative capital structure but limited reinvestment or buffer for losses. Total assets have declined significantly from ₹183 crore in 2015 to ₹40 crore in recent periods, indicating asset reduction or write-downs. The lack of borrowings provides financial flexibility but also implies minimal capital expenditure or growth initiatives are underway.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2020 |
|---|---|
| Operating | -0 |
| Investing | -0 |
| Financing | 0 |
| Net Cash Flow | -1 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 19.9% | 19.9% | 19.9% | 19.9% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 44.9% | 45.2% | 44.5% | 41.5% |
| # Shareholders | 13,064 | 12,761 | 12,448 | 12,214 |
Promoter holding remains steady at 19.91%, with no evidence of accumulation or dilution. Institutional ownership (FII and DII) is nearly negligible, holding 0% and 0.03% respectively, and has shown a slight downward trend in public float over recent quarters. The growing number of shareholders (from 12,214 to 13,064) suggests retail diffusion without institutional interest, which may indicate speculative or residual interest rather than confidence in fundamentals.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.56 L Cr | 32.2 | 10.4% | 18.1% | 3.82 |
| BAJAJFINSV | 3.15 L Cr | 31.0 | 11.4% | 26.5% | 5.50 |
| SHRIRAMFIN | 2.49 L Cr | 18.7 | 11.5% | 17.1% | 3.80 |
| TATACAP | 1.56 L Cr | 28.6 | 8.4% | 12.3% | 5.28 |
| JIOFIN | 1.56 L Cr | 73.3 | 2.3% | 1.6% | 0.17 |
| CHOLAFIN | 1.55 L Cr | 26.7 | 9.3% | 18.9% | 6.93 |
| ICICIAMC | 1.50 L Cr | 30.0 | 111.5% | 83.6% | 0.00 |
| BAJAJHLDNG | 1.26 L Cr | 14.3 | 12.4% | 12.3% | 0.00 |
| MUTHOOTFIN | 1.17 L Cr | 10.3 | 14.4% | 29.3% | 3.88 |
| SBIFUNDS | 1.16 L Cr | — | — | — | 0.00 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent losses and negative profitability metrics with no signs of operational improvement. 2) Absence of revenue generation or business activity beyond minimal historical levels. 3) Lack of strategic direction or management commentary on future business plans. 4) Minimal institutional interest and low liquidity, increasing vulnerability to price volatility and exit risk.
📋 Recent Filings
-
🟡 Board Meeting 1 September 2026JMD Ventures Ltd announced a book closure from September 20 to 26, 2026 to facilitate its Annual General Meeting, as mandated under Section 91 of the ...
-
🟡 Board Meeting 1 September 2026JMD Ventures approved its FY2025-26 Director's Report, recommended reappointment of Managing Director Kailash Prasad Purohit, increased authorized sha...
-
🔴 annual report 1 September 2026JMD Ventures Limited's 2025-26 Annual Report details a 42nd AGM scheduled for September 26, 2026 via video conferencing, with shareholders to vote on ...
-
🟡 Board Meeting 27 August 2026JMD Ventures announced its AGM agenda for September 1, 2026, including adoption of the 2025-26 Directors Report, re-appointment of Managing Director K...
🧠 Analyst's Read
JMD Ventures Ltd remains a highly opaque and financially fragile entity with no clear path to profitability or value creation. Investors should monitor for any meaningful operational updates or strategic shifts, but current disclosures suggest limited near-term catalysts or transparency into the company's true business status.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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