Just Dial Ltd
JUSTDIAL NSE
Just Dial Ltd
RetailNSE: JUSTDIAL BSE: 535648 E-Services
Key Fundamentals
MicrocapE-ServicesRetailMarket Cap
₹5,674 Cr
Volatility
Moderate
P/E Ratio
11.17
EBITDA
₹522 Cr
Return on Equity
9.02%
Debt to Equity
0.02
Book Value
₹600.42
EPS
₹16.4
52W High
₹878.6
52W Low
₹480.5
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Just Dial Ltd insights
37 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 1.13 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.71% over last 3 years.
- Earnings include an other income of Rs.317 Cr.
Growth Rate
Revenue Growth
36.66% ↗
Net Income Growth
123.05% ↗
Cash Flow Change
44.92% ↗
ROE
103.15% ↗
ROCE
117.70% ↗
EBITDA Margin (Avg.)
67.79% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk high
Just Dial Ltd trades at a PE of 9.4x and 0.92x book value with a market cap of Rs.4,660 Cr, having delivered 30% profit CAGR over 5 years but seen its stock decline 41% over the past year. The company is virtually debt-free but faces concerns around capital allocation, working capital efficiency, and quality of earnings.
Bull Case 8
- Stock trades at 0.92x price-to-book, below its book value, suggesting potential undervaluation on an asset basis
- PE ratio of 9.4x is significantly below broader market multiples, indicating compressed earnings valuation
- Company is almost debt-free, providing financial flexibility and low balance sheet risk
- Compounded profit growth of 30% CAGR over 5 years demonstrates strong earnings recovery trajectory
- TTM profit growth of 93% shows accelerating earnings momentum in the most recent period
- ROE has improved from 5% (5-year average) to 11% in the last year, indicating improving capital efficiency
- Revenue has compounded at 12% CAGR over 5 years and 13% over 3 years, showing consistent top-line growth
- 10-year compounded profit growth of 22% CAGR demonstrates long-term earnings compounding ability
Bear Case 8
- Stock has declined 41% over the past 1 year and delivered negative 11% CAGR over 5 years, reflecting sustained value destruction for shareholders
- Working capital days have surged from 379 days to 1,515 days, signaling severe deterioration in operational efficiency
- Earnings include other income of Rs.313 Cr, raising concerns about quality and sustainability of reported profits
- Company pays zero dividend despite reporting repeated profits, offering no income return to shareholders
- 3-year average ROE of only 7% remains below cost of equity for most investors, indicating subpar capital allocation
- TTM revenue growth has decelerated to 6% from the 3-year CAGR of 13%, suggesting slowing business momentum
- 10-year stock CAGR of -1% shows the company has failed to create any shareholder value over a full market cycle
- 5-year ROE average of just 5% indicates prolonged period of weak return generation on equity capital
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 42d ago Neutral 3
- Promoter group confirms no encumbrance Jul 1
Anita Mani (Promoter Group) declared no encumbrance on Just Dial shares held during FY 2025-26 under SEBI Takeover Regulations.
- Reliance Retail no share pledge Jun 17
Reliance Retail Ventures Limited, promoter of Just Dial, confirmed zero encumbrance on shares held during FY 2025-26 under SEBI regulations.
- Promoter Ramani Iyer no pledge Jun 20
Ramani Iyer declared no encumbrance on Just Dial shares for FY 2024-25, complying with SEBI Takeover Regulations.
TL;DR: No material positive or negative news flow for Just Dial in recent weeks. All three filings are routine SEBI compliance disclosures confirming zero share encumbrance by promoters including Reliance Retail. The absence of pledged shares is a mild governance positive but standard for the company. With no operational or earnings updates, the near-term narrative remains driven by broader market sentiment rather than company-specific catalysts.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 247 | 261 | 265 | 270 | 281 | 285 | 287 | 289 | 298 | 303 | 306 | 307 | 327 |
| Expenses | 210 | 212 | 205 | 200 | 200 | 203 | 201 | 203 | 211 | 216 | 210 | 218 | 240 |
| Operating Profit | 37 | 49 | 60 | 71 | 81 | 82 | 87 | 86 | 86 | 87 | 95 | 89 | 87 |
| OPM % | 15% | 19% | 23% | 26% | 29% | 29% | 30% | 30% | 29% | 29% | 31% | 29% | 27% |
| Other Income | 81 | 58 | 75 | 91 | 87 | 114 | 77 | 109 | 127 | 73 | 64 | 49 | 131 |
| Interest | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 11 | 11 | 11 | 10 |
| PBT | 106 | 92 | 121 | 147 | 154 | 182 | 149 | 180 | 199 | 147 | 146 | 125 | 207 |
| Tax % | 21% | 22% | 24% | 22% | 8% | 15% | 12% | 12% | 20% | 19% | 19% | 20% | 20% |
| Net Profit | 83 | 72 | 92 | 116 | 141 | 154 | 131 | 158 | 160 | 119 | 118 | 100 | 166 |
| EPS in Rs | 9.81 | 8.44 | 10.82 | 13.6 | 16.61 | 18.12 | 15.44 | 18.53 | 18.77 | 14.04 | 13.87 | 11.76 | 19.54 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 590 | 668 | 719 | 782 | 892 | 953 | 675 | 647 | 845 | 1,043 | 1,142 | 1,214 | 1,243 |
| Expenses | 424 | 523 | 609 | 617 | 663 | 680 | 520 | 649 | 759 | 826 | 807 | 856 | 885 |
| Operating Profit | 166 | 144 | 110 | 164 | 229 | 273 | 155 | -2 | 86 | 217 | 335 | 358 | 358 |
| OPM % | 28% | 22% | 15% | 21% | 26% | 29% | 23% | -0.3% | 10% | 21% | 29% | 29% | 29% |
| Other Income | 49 | 80 | 87 | 66 | 93 | 140 | 150 | 122 | 142 | 305 | 387 | 313 | 317 |
| Interest | 0 | 0 | 0 | 0 | 0 | 9 | 7 | 7 | 8 | 9 | 11 | 9 | 8 |
| Depreciation | 24 | 31 | 40 | 36 | 34 | 52 | 42 | 30 | 32 | 46 | 47 | 45 | 44 |
| PBT | 191 | 193 | 156 | 194 | 288 | 352 | 255 | 83 | 188 | 466 | 664 | 616 | 624 |
| Tax % | 27% | 26% | 22% | 26% | 28% | 23% | 16% | 15% | 13% | 22% | 12% | 19% | — |
| Net Profit | 139 | 143 | 121 | 143 | 207 | 272 | 214 | 71 | 163 | 363 | 584 | 497 | 504 |
| EPS in Rs | 19.7 | 20.55 | 17.45 | 21.25 | 31.93 | 41.96 | 34.62 | 8.49 | 19.32 | 42.67 | 68.7 | 58.44 | 59.21 |
| Div. Payout % | 10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 70 | 69 | 70 | 67 | 65 | 65 | 62 | 84 | 84 | 85 | 85 | 85 |
| Reserves | 603 | 670 | 836 | 912 | 934 | 1,223 | 1,202 | 3,402 | 3,583 | 3,938 | 4,521 | 5,021 |
| Borrowings | 0 | 0 | 0 | 0 | 4 | 76 | 63 | 55 | 68 | 85 | 100 | 85 |
| Other Liabilities | 291 | 309 | 360 | 431 | 546 | 468 | 459 | 491 | 601 | 752 | 814 | 853 |
| Total Liabilities | 965 | 1,048 | 1,266 | 1,410 | 1,549 | 1,832 | 1,786 | 4,033 | 4,337 | 4,861 | 5,521 | 6,044 |
| Fixed Assets | 92 | 139 | 156 | 149 | 126 | 172 | 138 | 134 | 152 | 147 | 143 | 109 |
| CWIP | 0 | 9 | 9 | 0 | 6 | 0 | 0 | 0 | 30 | 0 | 0 | 0 |
| Investments | 773 | 796 | 965 | 1,143 | 1,291 | 1,553 | 1,512 | 3,798 | 4,051 | 4,608 | 4,968 | 5,644 |
| Other Assets | 100 | 105 | 136 | 118 | 126 | 107 | 137 | 101 | 103 | 107 | 410 | 292 |
| Total Assets | 965 | 1,048 | 1,266 | 1,410 | 1,549 | 1,832 | 1,786 | 4,033 | 4,337 | 4,861 | 5,521 | 6,044 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 185 | 148 | 136 | 226 | 276 | 153 | 139 | 39 | 179 | 259 | 311 | 269 |
| Investing | -158 | 25 | -118 | -137 | -77 | -127 | 174 | -2,187 | -163 | -230 | -290 | -242 |
| Financing | -14 | -181 | 1 | -84 | -217 | -27 | -291 | 2,109 | -23 | -27 | -29 | -31 |
| Net Cash Flow | 12 | -8 | 19 | 5 | -17 | -1 | 22 | -38 | -7 | 2 | -7 | -4 |
| Free Cash Flow | 117 | 55 | 104 | 205 | 260 | 150 | 135 | 25 | 129 | 282 | 305 | 265 |
| CFO/OP | 145 | 142 | 145 | 165 | 143 | 81 | 121 | -2,092 | 229 | 134 | 114 | 96 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -166 | -154 | -161 | -181 | -178 | -145 | -190 | -211 | -206 | -192 | -185 | -182 |
| ROCE % | 26% | 13% | 19% | 21% | 29% | 30% | 12% | 0% | 2% | 5% | 7% | 7% |
Documents
1
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
7 May - Allotment of Equity Shares pursuant to Employees Stock Option Scheme(s). 7 May - Allotment of Equity Shares pursuant to Employees Stock Option Scheme(s).
2
Announcement under Regulation 30 (LODR)-Change in Management
5 May - Rakesh Ojha, CBO-South and West, resigned effective May 5, 2026. 5 May - Rakesh Ojha, CBO-South and West, resigned effective May 5, 2026.
3
Contact Details Of Key Managerial Personnel Of The Company Authorised Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015
15 Apr - Just Dial updated authorized KMP contact details under Regulation 30(5). 15 Apr - Just Dial updated authorized KMP contact details under Regulation 30(5).
4
Board Meeting Outcome for Board Meeting Outcome For Financial Results For The Financial Year Ended On March 31, 2026
13 Apr - Just Dial approved FY26 audited results; CFO Abhishek Bansal resigns effective April 15, 2026. 13 Apr - Just Dial approved FY26 audited results; CFO Abhishek Bansal resigns effective April 15, 2026.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Apr - Just Dial reported Q4 FY26 revenue ₹307.2 crore, net profit ₹100 crore; FY26 profit ₹497 crore. 13 Apr - Just Dial reported Q4 FY26 revenue ₹307.2 crore, net profit ₹100 crore; FY26 profit ₹497 crore.
Frequently Asked Questions about Just Dial Ltd
What does Just Dial Ltd do?
Justdial is the market leader in local search engine segment in India. The Company provides local search-related services to users across India in a platform-agnostic manner. The multi-platform offering includes App (Android, iOS), mobile website, desktop /PC, voice and text. [1]
Where is Just Dial Ltd (JUSTDIAL) listed?
Just Dial Ltd is listed on the Indian stock exchanges. It is listed on NSE: JUSTDIAL and BSE: 535648. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Just Dial Ltd belong to?
Just Dial Ltd operates in the Retail sector within the E-Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Just Dial Ltd?
Just Dial Ltd has a market capitalisation of approximately ₹5674.05 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Just Dial Ltd?
The Price-to-Earnings (PE) ratio of Just Dial Ltd is 11.17. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Just Dial Ltd?
Over the past 52 weeks, Just Dial Ltd has traded between a low of ₹480.5 and a high of ₹878.6. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Just Dial Ltd?
Just Dial Ltd has a Return on Equity (ROE) of 9.02%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Just Dial Ltd on Tapetide?
On Tapetide, you can view Just Dial Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Justdial is the market leader in local search engine segment in India. The Company provides local search-related services to users across India in a platform-agnostic manner. The multi-platform offering includes App (Android, iOS), mobile website, desktop /PC, voice and text. [1]
Website justdial.com
CEO Mr. Venkatachalam Sthanu-Subramani Mani
Listed 2013-06-05
Face Value ₹ 10
Issued Size 8,50,44,657