Just Dial Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹180.38Overvalued by 72.88%vs CMP ₹665.00

P/E (10.9) × ROE (3.4%) × BV (₹600.00) × DY (2.00%)

₹681.94Fairly Valued by 2.55%vs CMP ₹665.00
MoS: +2.5% (Thin)Confidence: 43/100 (Low)Models: 3 Under, 2 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹271.1923%Over (-59.2%)
Graham NumberEarnings₹938.2617%Under (+41.1%)
Earnings PowerEarnings₹349.1611%Over (-47.5%)
DCFCash Flow₹1,591.2411%Under (+139.3%)
Net Asset ValueAssets₹600.447%Fair (-9.7%)
EV/EBITDAEnterprise₹349.379%Over (-47.5%)
Earnings YieldEarnings₹652.107%Fair (-1.9%)
ROCE CapitalReturns₹1,305.829%Under (+96.4%)
Revenue MultipleRevenue₹134.296%Over (-79.8%)
Consensus (9 models)₹681.94100%Fairly Valued
Key Drivers: EPS CAGR 50.3% lifts DCF — verify sustainability. | ROE 3.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 50.3%

*Investments are subject to market risks

Analyst Summary

Just Dial Ltd operates in the Internet & Catalogue Retail segment, current market price is ₹665.00, market cap is 5,655 Cr.. At a glance, stock P/E is 10.9, ROE is 3.38 %, ROCE is 7.01 %, book value is 600, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹681.94, which is broadly in line with the current market price. On operating trend, latest reported sales are about ₹1,142 Cr versus the prior period change of 9.5%, while latest net profit is about ₹584 Cr with a prior-period change of 60.9%. The 52-week range shown on this page is 879/480, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisJust Dial Ltd. is a Public Limited Listed company incorporated on 20/12/1993 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74140M…

This summary is generated from the stock page data available for Just Dial Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

59
Just Dial Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 7.0% WeakROE 3.4% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -2.72% (6mo) SellingDII holding up 0.82% MF buyingPromoter holding at 74.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (5% → 25%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +2% YoY Positive
Industry Rank55/100 · Moderate
P/E 10.9 vs industry 18.2 Cheaper than peersROCE 7.0% vs industry 17.7% Below peersROE 3.4% vs industry 13.5% Below peers3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 7:06 am

Market Cap 5,655 Cr.
Current Price 665
Intrinsic Value₹681.94
High / Low 879/480
Stock P/E10.9
Book Value 600
Dividend Yield0.00 %
ROCE7.01 %
ROE3.38 %
Face Value 10.0
PEG Ratio0.22

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Just Dial Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Just Dial Ltd 5,655 Cr. 665 879/48010.9 6000.00 %7.01 %3.38 % 10.0
Matrimony.com Ltd 1,078 Cr. 521 574/36324.0 99.90.96 %17.4 %15.2 % 5.00
Indiamart Intermesh Ltd 10,501 Cr. 1,746 2,670/1,72219.6 4231.72 %28.6 %21.8 % 10.0
Industry Average5,744.67 Cr977.3318.17374.300.89%17.67%13.46%8.33

All Competitor Stocks of Just Dial Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 221233247261265270281285287289298303306
Expenses 194199210212205200200203201203211216210
Operating Profit 27333749607181828786868795
OPM % 12%14%15%19%23%26%29%29%30%30%29%29%31%
Other Income 71748158759187114771091277364
Interest 2322232233322
Depreciation 891012121212121212121111
Profit before tax 889610692121147154182149180199147146
Tax % 14%13%21%22%24%22%8%15%12%12%20%19%19%
Net Profit 7584837292116141154131158160119118
EPS in Rs 8.939.949.818.4410.8213.6016.6118.1215.4418.5318.7714.0413.87

Last Updated: February 5, 2026, 8:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:10 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4615906687197828929536756478451,0431,1421,196
Expenses 319424523609617663680520649759826807841
Operating Profit 142166144110164229273155-286217335355
OPM % 31%28%22%15%21%26%29%23%-0%10%21%29%30%
Other Income 404980876693140150122142305387373
Interest 000000977891111
Depreciation 17243140363452423032464746
Profit before tax 16519119315619428835225583188466664671
Tax % 27%27%26%22%26%28%23%16%15%13%22%12%
Net Profit 12113914312114320727221471163363584555
EPS in Rs 17.1919.7020.5517.4521.2531.9341.9634.628.4919.3242.6768.7065.21
Dividend Payout % 12%10%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)14.88%2.88%-15.38%18.18%44.76%31.40%-21.32%-66.82%129.58%122.70%60.88%
Change in YoY Net Profit Growth (%)0.00%-12.00%-18.26%33.57%26.57%-13.35%-52.72%-45.50%196.40%-6.88%-61.82%

Just Dial Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:4%
3 Years:21%
TTM:8%
Compounded Profit Growth
10 Years:9%
5 Years:0%
3 Years:150%
TTM:219%
Stock Price CAGR
10 Years:0%
5 Years:16%
3 Years:10%
1 Year:-35%
Return on Equity
10 Years:7%
5 Years:4%
3 Years:4%
Last Year:6%

Last Updated: September 5, 2025, 8:35 am

Balance Sheet

Last Updated: April 29, 2026, 3:44 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 706970676565628484858585
Reserves 6036708369129341,2231,2023,4023,5833,9384,5215,021
Borrowings 00004766355688510085
Other Liabilities 291309360431546468459491601752814853
Total Liabilities 9651,0481,2661,4101,5491,8321,7864,0334,3374,8615,5216,044
Fixed Assets 92139156149126172138134152147143109
CWIP 0990600030000
Investments 7737969651,1431,2911,5531,5123,7984,0514,6084,9685,644
Other Assets 100105136118126107137101103107410292
Total Assets 9651,0481,2661,4101,5491,8321,7864,0334,3374,8615,5216,044

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 18514813622627615313939179259311269
Cash from Investing Activity + -15825-118-137-77-127174-2,187-163-230-290-242
Cash from Financing Activity + -14-1811-84-217-27-2912,109-23-27-29-31
Net Cash Flow 12-8195-17-122-38-72-7-4
Free Cash Flow 1175510420526015013525129282305265
CFO/OP 145%142%145%165%143%81%121%-2,092%229%134%114%96%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow142.00166.00144.00110.00164.00225.00197.0092.00-57.0018.00132.00235.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 000000000000
Inventory Days
Days Payable
Cash Conversion Cycle 000000000000
Working Capital Days -166-166-154-161-181-178-145-190-211-206-192-185
ROCE %27%26%13%19%21%29%30%12%-0%2%5%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 74.31%74.31%74.29%74.18%74.15%74.15%74.15%74.15%74.15%74.15%74.15%74.14%
FIIs 4.88%4.87%5.31%6.95%7.82%7.32%6.57%6.49%5.93%5.96%4.82%3.21%
DIIs 9.36%8.89%8.18%8.86%8.37%8.32%8.92%8.80%9.05%8.96%9.31%9.87%
Public 11.45%11.93%12.21%10.01%9.65%10.18%10.36%10.57%10.87%10.93%11.71%12.76%
No. of Shareholders 84,58579,37276,66073,05476,71381,84879,93981,34484,46083,60482,55782,236

Shareholding Pattern Chart

No. of Shareholders

Just Dial Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 3,767,715 0.92 251.892,156,3272025-12-08 04:52:5674.73%
Nippon India Small Cap Fund 1,688,026 0.17 112.851,627,1572026-02-23 01:40:133.74%
DSP Small Cap Fund 1,543,718 0.64 103.211,491,5622025-12-08 04:52:563.5%
Franklin India Dividend Yield Fund 225,000 0.62 15.04N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 42.7219.329.4933.9242.00
Diluted EPS (Rs.) 42.6719.149.3133.0041.81
Cash EPS (Rs.) 48.1123.1112.0441.4549.97
Book Value[Excl.RevalReserv]/Share (Rs.) 473.13434.90416.96204.31198.39
Book Value[Incl.RevalReserv]/Share (Rs.) 473.13434.90416.96204.31198.39
Revenue From Operations / Share (Rs.) 122.64100.1977.38109.11150.40
PBDIT / Share (Rs.) 61.3827.0014.3549.1963.57
PBIT / Share (Rs.) 55.9623.1810.7842.3555.55
PBT / Share (Rs.) 54.8622.279.9641.1554.17
Net Profit / Share (Rs.) 42.6819.308.4734.6141.95
NP After MI And SOA / Share (Rs.) 42.6819.308.4734.6141.95
PBDIT Margin (%) 50.0526.9418.5445.0742.26
PBIT Margin (%) 45.6223.1413.9338.8136.93
PBT Margin (%) 44.7322.2312.8737.7136.02
Net Profit Margin (%) 34.7919.2610.9431.7127.89
NP After MI And SOA Margin (%) 34.7919.2610.9431.7127.89
Return on Networth / Equity (%) 9.024.432.0316.9321.14
Return on Capital Employeed (%) 11.195.132.4918.9825.67
Return On Assets (%) 7.463.751.7511.9814.86
Asset Turnover Ratio (%) 0.220.200.220.380.57
Current Ratio (X) 7.687.758.360.280.24
Quick Ratio (X) 7.687.758.360.280.24
Interest Coverage Ratio (X) 56.2529.6817.5441.1346.31
Interest Coverage Ratio (Post Tax) (X) 40.1122.2211.3629.9431.56
Enterprise Value (Cr.) 6801.674996.425924.305275.311863.83
EV / Net Operating Revenue (X) 6.525.919.167.811.91
EV / EBITDA (X) 13.0321.9549.3717.334.52
MarketCap / Net Operating Revenue (X) 6.545.939.197.901.95
Price / BV (X) 1.691.371.714.221.48
Price / Net Operating Revenue (X) 6.545.939.197.901.95
EarningsYield 0.050.030.010.040.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Just Dial Ltd and is it undervalued?

As of 04 September 2026, Just Dial Ltd's intrinsic value is ₹681.94, which is 2.55% higher than the current market price of ₹665.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.38 %), book value (₹600), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Just Dial Ltd?

Just Dial Ltd is trading at ₹665.00 as of 04 September 2026, with a FY2026-2027 high of ₹879 and low of ₹480. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,655 Cr..

How does Just Dial Ltd's P/E ratio compare to its industry?

Just Dial Ltd has a P/E ratio of 10.9, which is below the industry average of 18.17. This is broadly in line with or below the industry average.

Is Just Dial Ltd financially healthy?

Key indicators for Just Dial Ltd: ROCE of 7.01 % is on the lower side compared to the industry average of 17.67%; ROE of 3.38 % is below ideal levels (industry average: 13.46%). Dividend yield is 0.00 %.

Is Just Dial Ltd profitable and how is the profit trend?

Just Dial Ltd reported a net profit of ₹584 Cr in Mar 2025 on revenue of ₹1,142 Cr. Compared to ₹71 Cr in Mar 2022, the net profit shows an improving trend.

Does Just Dial Ltd pay dividends?

Just Dial Ltd has a dividend yield of 0.00 % at the current price of ₹665.00. The company is currently not paying meaningful dividends.

Last Updated: August 25, 2026, 7:06 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Just Dial Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE