JDmart

Mumbai, India Founded: 2021 • Age: 5 yrs Listed
JDmart operates as an online B2B marketplace for multi-category products.
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About JDmart

JDmart is a publicly listed company based in Mumbai (India) founded in 2021. JDmart operates as an online B2B marketplace for multi-category products. It operates on a B2B model. The company has 14,465 employees. Its Indian entity Just Dial Limited reported revenue of ₹1,548 Cr. Its focus areas include E-commerce, Marketplaces, Online Platforms and B2B Trading. Similar companies include IndiaMART, Udaan and Solv; 3 of its 3 listed similar companies have raised funding.

Company details

JDmart jdmart operates as an online b2b marketplace for multi-category products through operating online marketplaces, marketplaces, online platforms, and b2b trading. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.

  • Headquarters Mumbai, India
  • Employees 14,465
  • Stage Public
  • Sectors
    Retail
  • Website jdmart.com
  • Legal Name Just Dial Limited
  • Date of Incorporation 20 Dec, 1993
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Retail → B2B Marketplaces & Wholesale
Key Metrics
  • Market Cap
    ₹5,943 Cr

    JUSTDIAL · NSE

  • Share Price
    ₹691.50

    -1.04% today

  • Revenue
    ₹1,043 Cr

    FY 2023-24 · +23.5% YoY

  • EBITDA
    ₹217 Cr

    Margin 20.8%

  • Net Profit
    ₹139 Cr

    FY 2023-24 · +200.8% YoY

  • P/E (TTM)
    32.5x

    P/B 1.1x

  • ROE
    3.6%

    ROCE 4.7%

  • Debt / Equity
    0.02

    Interest cover 5.5x

  • Employee Count
    14,465

Board of directors of Just Dial Limited (JDmart)

Just Dial Limited is the primary company behind JDmart. The board of Just Dial Limited currently have 9 directors; the longest-serving is Venkatachalam Sthanu Subramani, appointed in 2006. 18 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Venkatachalam Sthanu Subramani
DIN 00202052
Director05 Dec 200619 yrs 10 moJust Dial Limited
Geeta Kalyandas Fulwadaya
DIN 03341926
Director01 Sep 20215 yrs 1 moJust Dial Limited
Ranjit Vasant Pandit
DIN 00782296
Director01 Sep 20215 yrs 1 moJust Dial Limited
Venkatachalam Subramaniam
DIN 00009621
Director01 Sep 20215 yrs 1 moJust Dial Limited
Ashwin Ahamendra Khasgiwala
DIN 00006481
Director01 Sep 20215 yrs 1 moJust Dial Limited
Anshuman Thakur
DIN 03279460
Director13 Jan 20233 yrs 9 moJust Dial Limited
Bhama Krishnamurthy
DIN 02196839
Director01 Apr 20242 yrs 6 moJust Dial Limited
Dipak Chand Jain
DIN 00228513
Director01 Oct 20242 yrsJust Dial Limited
Krishnan Sudarshan
DIN 01029826
Director01 Oct 20242 yrsJust Dial Limited

IPO & Listings of JDmart

JDmart is a publicly listed company on the NSE with ticker symbol JUSTDIAL in India, operating in the E-Commerce/App based Aggregator sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: JUSTDIAL
  • Listed entityJust Dial Limited
  • Exchange sectorE-Commerce/App based Aggregator

Financials of JDmart

Exchange-reported figures of Just Dial Limited, the listed company behind JDmart (NSE: JUSTDIAL).

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹1,043 Cr
+23.5% YoY
EBITDA
₹217 Cr
+152.5% YoY
Profit After Tax
₹139 Cr
+200.8% YoY
Net Worth
₹4,024 Cr
+9.7% YoY
Total Assets
₹4,166 Cr
+9.8% YoY
Total Debt
₹85.31 Cr
+24.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Income statement
Revenue1,043845647675953892782
Revenue growth+23.5%+30.6%-4.2%-29.2%+6.9%+14.0%-
EBITDA21785.75(2.16)155273229164
EBITDA margin+20.8%+10.2%-0.3%+22.9%+28.6%+25.7%+21.0%
Profit before tax46718883.29255352288194
Net profit13946.38(19.79)136194156113
Net profit margin+13.4%+5.5%-3.1%+20.2%+20.4%+17.5%+14.5%
EPS (₹)42.6819.308.4734.6141.9531.9421.25
Balance sheet
Total assets4,1663,7923,5951,3771,3971,036998
Net worth4,0243,6673,4861,2641,288999979
Total debt85.3168.3855.3362.9776.424.200.00
Cash & bank17.6915.5623.3061.5339.6640.6257.67
Net working capital(505)(436)(329)(268)(315)(391)(330)
Cash flow
Cash from operations25917938.96139153276226
Cash from investing(230)(163)(2,187)174(127)(76.59)(137)
Cash from financing(27.21)(23.08)2,109(291)(27.00)(217)(84.20)
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue270265261247233221205186
Revenue growth (YoY)+16.2%+19.7%+27.0%+33.1%+39.5%---
Other income91.2974.8557.9281.4074.1671.2456.50(59.99)
EBITDA70.7360.3748.7736.6933.2027.1716.998.39
EBITDA margin+26.2%+22.8%+18.7%+14.9%+14.3%+12.3%+8.3%+4.5%
Depreciation11.8012.1212.2110.049.008.477.716.98
Interest2.782.172.391.942.612.251.551.26
Profit before tax14712192.0910695.7587.6964.23(59.84)
Tax31.7028.9220.3122.7112.1512.3712.07(11.48)
Net profit11692.0171.7883.4083.6075.3252.16(48.36)
EPS (₹)13.6110.828.449.809.838.876.14(5.69)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,2141,1421,043845647675953
Revenue growth+6.3%+9.5%+23.5%+30.6%-4.2%-29.2%-
EBITDA33633521685.95(2.05)155273
EBITDA margin+27.7%+29.4%+20.8%+10.2%-0.3%+22.9%+28.6%
Profit before tax61666446618883.40255352
Net profit16417914046.56(19.68)136272
Net profit margin+13.5%+15.7%+13.4%+5.5%-3.0%+20.2%+28.6%
EPS (₹)58.4568.7042.6719.328.4834.6141.95
Balance sheet
Total assets5,2454,7764,1663,7923,5951,3771,397
Net worth5,1064,6064,0243,6673,4861,2641,287
Total debt84.5199.8485.3168.3855.3362.9776.42
Cash & bank20931017.6915.5622.5260.7839.10
Net working capital(366)(239)(505)(436)(330)(268)(316)
Cash flow
Cash from operations26931125917939.21139153
Cash from investing(242)(290)(230)(163)(2,187)174(127)
Cash from financing(30.73)(28.84)(27.21)(23.08)2,109(291)(27.00)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue343327307306303298289287
Revenue growth (YoY)+13.1%+9.9%+6.2%+6.4%+6.4%+6.2%--
Other income54.5613148.6284.6373.3012710977.41
Total expenses252240218232216211203201
EBITDA90.6587.4088.7874.1687.0686.4486.0886.60
EBITDA margin+26.4%+26.7%+28.9%+24.3%+28.7%+29.0%+29.8%+30.1%
Depreciation8.9110.4910.8911.1711.2411.7111.8112.01
Interest1.731.781.822.002.113.133.392.83
Profit before tax135207125146147199180149
Tax26.7640.3724.6927.6927.5739.2621.9317.86

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue270265261247233221205186
Revenue growth (YoY)+16.2%+19.7%+27.0%+33.1%+39.5%---
Other income91.2974.8557.9281.4074.1671.2456.50(59.99)
EBITDA70.7360.3748.7736.6933.2027.1716.998.39
EBITDA margin+26.2%+22.8%+18.7%+14.9%+14.3%+12.3%+8.3%+4.5%
Depreciation11.8012.1212.2110.049.008.477.716.98
Interest2.782.172.391.942.612.251.551.26
Profit before tax14712192.0910695.7587.6964.23(59.84)
Tax31.7028.9220.3122.7112.1512.3712.07(11.48)
Net profit11692.0171.7883.4083.6075.3252.16(48.36)
EPS (₹)13.6110.828.449.809.838.876.14(5.69)
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Revenue1,043845647675953892782
Revenue growth+23.5%+30.6%-4.2%-29.2%+6.9%+14.0%-
Other income30514212215014092.9665.84
Total expenses826759649520680663617
Employee cost720651504443533497442
EBITDA21785.75(2.16)155273229164
EBITDA margin+20.8%+10.2%-0.3%+22.9%+28.6%+25.7%+21.0%
Depreciation46.1732.1629.8742.3352.0733.6536.42
Interest9.287.676.847.408.910.130.00
Profit before tax46718883.29255352288194
Tax10425.1112.4640.4879.3481.3150.68
Net profit13946.38(19.79)136194156113
Net profit margin+13.4%+5.5%-3.1%+20.2%+20.4%+17.5%+14.5%
EPS (₹)42.6819.308.4734.6141.9531.9421.25
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Equity & liabilities
Share capital85.0484.3283.6161.8864.9164.7667.39
Reserves & surplus3,9383,5833,4031,2021,223934912
Shareholders' funds (net worth)4,0243,6673,4861,2641,288999979
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.004.200.00
Unsecured loans85.3168.3855.3362.9776.420.000.00
Total debt85.3168.3855.3362.9776.424.200.00
Total liabilities4,1663,7923,5951,3771,3971,036998
Assets
Gross block511500455433406328329
Net block147152134138172126149
Capital work in progress0.0030.160.000.000.005.940.00
Investments4,6084,0513,7981,5111,5521,2911,143
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances17.6915.5623.3061.5339.6640.6257.67
Loans & advances60.9855.9148.9154.2749.6963.3324.71
Total current assets78.6771.4772.2111689.3510482.38
Total current liabilities584508401384405495412
Net working capital(505)(436)(329)(268)(315)(391)(330)
Total assets4,1663,7923,5951,3771,3971,036998
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Opening cash15.5623.2661.4939.6340.5957.5652.57
Net cash from operating activities25917938.96139153276226
Net cash from investing activities(230)(163)(2,187)174(127)(76.59)(137)
Net cash from financing activities(27.21)(23.08)2,109(291)(27.00)(217)(84.20)
Net change in cash2.12(7.70)(38.23)21.86(0.96)(16.97)4.99
Closing cash17.6915.5623.3061.5339.6640.6257.67
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Growth
Sales growth+23.5%+30.6%-4.2%-29.2%+6.9%+14.0%-
EBITDA growth+152.6%+4069.9%-101.4%-43.3%+19.2%+39.2%-
PBT growth+148.4%+125.5%-67.3%-27.6%+22.0%+48.6%+23.9%
Net income growth+200.8%+334.4%-114.5%-29.8%+24.4%+38.1%-
Revenue CAGR (3Y)+15.6%-3.9%-10.1%-4.8%+9.9%+10.1%+9.9%
EBITDA CAGR (3Y)+11.8%-32.0%--2.0%+35.5%+16.7%-0.2%
Profitability & leverage
Net income margin+34.8%+19.3%+11.0%+31.7%+28.6%+23.2%+18.3%
Return on capital employed+4.7%+1.7%-0.5%+12.1%+21.3%+21.4%+16.0%
Return on net worth+3.6%+1.3%-0.8%+10.7%+17.0%+15.8%+12.0%
Debt / equity0.020.020.020.050.040.000.00
Long-term debt / equity0.010.010.020.040.020.000.00
Interest cover5.4514.31-21.356.584.030.070.00
Efficiency & per share
Fixed asset turnover2.432.091.721.902.602.712.48
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)42.6819.308.4734.6141.9531.9421.25
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)473.13434.90416.96204.31198.39154.23145.32
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue343327307306303298289287
Revenue growth (YoY)+13.1%+9.9%+6.2%+6.4%+6.4%+6.2%--
Other income54.5613148.6284.6373.3012710977.41
Total expenses252240218232216211203201
EBITDA90.6587.4088.7874.1687.0686.4486.0886.60
EBITDA margin+26.4%+26.7%+28.9%+24.3%+28.7%+29.0%+29.8%+30.1%
Depreciation8.9110.4910.8911.1711.2411.7111.8112.01
Interest1.731.781.822.002.113.133.392.83
Profit before tax135207125146147199180149
Tax26.7640.3724.6927.6927.5739.2621.9317.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,2141,1421,043845647675953
Revenue growth+6.3%+9.5%+23.5%+30.6%-4.2%-29.2%-
Other income334387305142122150140
Total expenses877807826759649520680
Employee cost727695720651504443533
EBITDA33633521685.95(2.05)155273
EBITDA margin+27.7%+29.4%+20.8%+10.2%-0.3%+22.9%+28.6%
Depreciation45.0147.2646.1732.1629.8742.3352.07
Interest9.0610.519.287.676.847.408.91
Profit before tax61666446618883.40255352
Tax11979.9510425.1112.4640.4879.34
Net profit16417914046.56(19.68)136272
Net profit margin+13.5%+15.7%+13.4%+5.5%-3.0%+20.2%+28.6%
EPS (₹)58.4568.7042.6719.328.4834.6141.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital85.0485.0485.0484.3283.6161.8864.91
Reserves & surplus5,0214,5213,9383,5833,4021,2021,223
Shareholders' funds (net worth)5,1064,6064,0243,6673,4861,2641,287
Secured loans0.000.000.000.000.000.000.00
Unsecured loans84.5199.8485.3168.3855.3362.9776.42
Total debt84.5199.8485.3168.3855.3362.9776.42
Total liabilities5,2454,7764,1663,7923,5951,3771,397
Assets
Gross block539530511500455433406
Net block109143147152134138172
Capital work in progress0.000.000.0030.160.000.000.00
Investments5,6444,9684,6084,0513,7981,5121,553
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances20931017.6915.5622.5260.7839.10
Loans & advances62.3476.3560.9855.9648.9354.3749.70
Total current assets27138778.6771.5271.4511588.80
Total current liabilities637625584508401383405
Net working capital(366)(239)(505)(436)(330)(268)(316)
Total assets5,2454,7764,1663,7923,5951,3771,397
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10.3017.6815.5622.4860.7439.0740.41
Net cash from operating activities26931125917939.21139153
Net cash from investing activities(242)(290)(230)(163)(2,187)174(127)
Net cash from financing activities(30.73)(28.84)(27.21)(23.08)2,109(291)(27.00)
Net change in cash(3.58)(7.38)2.12(6.92)(38.26)21.67(1.34)
Closing cash20931017.6915.5622.5260.7839.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+6.3%+9.5%+23.5%+30.6%-4.2%-29.2%-
EBITDA growth+0.3%+54.9%+151.9%+4292.7%-101.3%-43.3%-
PBT growth-7.2%+42.4%+148.1%+125.5%-67.3%-27.6%+22.1%
Net income growth-8.5%+28.4%+199.9%+336.6%-114.5%-50.0%-
Revenue CAGR (3Y)+12.8%+20.9%+15.6%-3.9%-10.1%-4.8%+9.9%
EBITDA CAGR (3Y)+57.6%-+11.8%-32.0%--2.0%+35.6%
Profitability & leverage
Net income margin+41.0%+51.2%+34.8%+19.3%+11.0%+31.7%+28.6%
Return on capital employed+6.9%+7.0%+4.7%+1.7%-0.5%+12.1%+29.6%
Return on net worth+3.4%+4.2%+3.6%+1.3%-0.8%+10.7%+23.8%
Debt / equity0.020.020.020.020.020.050.04
Long-term debt / equity0.010.020.010.010.020.040.02
Interest cover3.113.655.4514.26-21.436.574.03
Efficiency & per share
Fixed asset turnover2.682.592.432.091.721.902.59
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)58.4568.7042.6719.328.4834.6141.95
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)600.48541.69473.13434.91416.95204.27198.35

Similar companies to JDmart

JDmart has 3 listed similar companies in our database, 3 of them funded. They include IndiaMART, Udaan and Solv.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
IndiaMART
indiamart.com1999Noida, India$37.24M3,623
Online B2B marketplace connecting buyers and suppliers of diverse industrial products
Udaan
udaan.com2016Bengaluru, India$2.7B1,791
Online marketplace offering multi-category products
Solv
solvezy.com2019Bengaluru, India$40M412
A B2B e-commerce platform is operated for MSMEs in India.
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Web traffic of JDmart

The website of JDmart (jdmart.com) receives about 1.4K visits a month.

  • Monthly visits
    1.4K

    ▲ 21.7% vs previous month

Top companies in B2B Marketplaces & Wholesale

2 companies that operate in the same segment as JDmart (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
IndiaMART
Online B2B marketplace connecting buyers and suppliers of diverse industrial products
1999Noida, Uttar Pradesh, IndiaUSD 38.12 MUSD 167.23 M6,100
Infra.Market
Digital procurement and supply solutions for construction materials are facilitated.
2016Thane, Maharashtra, IndiaUSD 783.57 MUSD 1.43 B2,645
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Frequently Asked Questions about JDmart

JDmart was founded in 2021.

JDmart is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

JDmart has 14,465 employees.

The primary company behind JDmart, Just Dial Limited, reported revenue of ₹1,548 Cr for FY 2026, up 6% year on year.

JDmart jdmart operates as an online b2b marketplace for multi-category products through operating online marketplaces, marketplaces, online platforms, and b2b trading. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.

JDmart's top competitors include IndiaMART, Udaan and Solv.

Yes, JDmart is publicly traded on NSE under the ticker symbol JUSTDIAL.

JDmart operates through Just Dial Limited.

The legal entities of JDmart currently have 12 directors, including Manan Yogendra Udani, Venkatachalam Sthanu Subramani, Geeta Kalyandas Fulwadaya and others.

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