Just Dial Share Price History: Growth, Volatility & Financial Insights (2025)

From Local Search Pioneer to Market Leader – Tracing the Journey of Just Dial’s Stock Performance

NEW DELHI (India CSR): In the dynamic landscape of India’s digital economy, Just Dial Ltd has carved a niche as a leading local search engine, connecting millions of users with businesses across the country. Since its founding in 1996, the company has evolved from a telephone-based directory to a robust digital platform, offering services through mobile apps, websites, and voice-based solutions. As of 2025, Just Dial stands as a symbol of innovation and resilience in the tech sector. This article provides an in-depth analysis of Just Dial Ltd’s share price history, exploring its financial performance, key market trends, and the factors shaping its trajectory. Whether you’re an investor, a market enthusiast, or simply curious about this Indian tech giant, this comprehensive overview offers valuable insights into Just Dial’s journey.

Company Overview

Just Dial Ltd, listed on the Bombay Stock Exchange (BSE: 535648) and the National Stock Exchange (NSE: JUSTDIAL), is India’s premier local search engine. The company provides platform-agnostic services, accessible via Android and iOS apps, mobile websites, desktop platforms, voice, and text. With approximately 12,000 employees operating across 250+ cities and covering over 11,000 pincodes, Just Dial has a strong pan-India presence. It derives 70% of its revenue from major cities like Mumbai, Ahmedabad, Hyderabad, Kolkata, Bengaluru, Chennai, and Delhi, with its technology and R&D hub in Bengaluru driving innovation.

Just Dial’s business model focuses on bridging the gap between consumers and local businesses, offering services in categories such as dining, healthcare, home services, and more. The company has also ventured into digital advertising, enabling businesses to reach targeted audiences effectively. As of May 2025, Just Dial’s market capitalization stands at approximately Rs 7,539 crore, reflecting its significant presence in India’s digital ecosystem.

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Table: Just Dial Ltd – Share Price & Financial Overview (2025)

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Share Price History

Just Dial’s share price history reflects a blend of long-term growth and short-term volatility, driven by its operational success and market dynamics. As of May 29, 2025, the stock closed at Rs 885.60, down 1.17% from the previous day’s close of Rs 896.05. Over the past year, the stock has fluctuated between a 52-week high of Rs 1,395 and a low of Rs 700, indicating significant volatility.

The following table provides a snapshot of Just Dial’s recent daily share price performance:

Over the past five years, Just Dial’s stock has delivered a compounded annual growth rate (CAGR) of 18%, showcasing its long-term growth potential. However, the stock experienced a 5% decline over the past year and a 0.88% drop in the last month, though it gained 11.14% over the past three months. The stock’s current valuation, with a price-to-earnings (P/E) ratio of 12.8 and a price-to-book value ratio of 1.63, suggests it is reasonably priced compared to its peers. The trailing 12-month earnings per share (EPS) stands at Rs 68.70, reflecting strong profitability.

Financial Performance

Just Dial’s financial performance has been a cornerstone of its market presence, with consistent revenue growth and improving profitability. In the fiscal year ending March 2025, the company reported a net profit of Rs 584 crore, a 61% increase from the previous year, on revenues of Rs 1,142 crore, up 9.5%. The operating profit margin reached 29%, with a return on equity (ROE) of 13.5% and a return on capital employed (ROCE) of 15.3%, indicating efficient capital utilization.

The company’s quarterly results for FY25 demonstrate steady growth. In Q4 FY25, Just Dial reported a net profit of Rs 158 crore on revenues of Rs 289 crore, with an operating profit margin of 30%. The Q3 FY25 results were particularly strong, with a 43% increase in net profit to Rs 131.31 crore, though sequential profit saw a slight decline.

The following table summarizes Just Dial’s annual financial performance over the past decade:

Just Dial’s financial health is bolstered by its debt-free status and substantial cash reserves of Rs 5,060 crore as of December 2024, which account for nearly 72% of its market capitalization. The company’s operating cash flow of Rs 259.08 crore in FY24 was 0.71 times its reported net profit, indicating solid cash generation, though its working capital days have increased significantly, from 345 days to 1,413 days.

Key Events and Developments

Just Dial’s share price has been influenced by several key events and developments. The company has adapted to changing consumer behaviors, with a notable 41% surge in mental health-related searches in the first 10 months of 2024 compared to 2023, reflecting its role in addressing societal needs. Additionally, Just Dial has focused on supporting small and medium enterprises (SMEs) in tier-2 and tier-3 cities like Meerut and Bhopal, contributing to revenue growth and market expansion.

In Q3 FY25, Just Dial reported a 43% increase in net profit to Rs 131.31 crore, driven by strong operational performance, though sequential profit declined slightly. The company’s efforts in digital advertising and its platform enhancements have strengthened its market position.

Analyst sentiments are mixed, with JM Financial maintaining a buy rating with a target price of Rs 1,220, citing the company’s attractive valuation and cash reserves, while Citi has a sell rating, reflecting concerns about competition and growth challenges. In February 2025, Just Dial’s shares surged 9% amid heavy trading volumes, with Nuvama upgrading its rating to buy.

The company has also seen increased interest from foreign institutional investors (FIIs), with the number of FII/FPI investors rising from 153 to 167 in Q4 2024. Additionally, Just Dial’s focus on niche sectors, such as a 34% growth in demand for wedding services in metropolitan cities, underscores its ability to capitalize on emerging trends.

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Market Analysis

Just Dial’s stock performance is closely tied to trends in India’s digital economy and the local search and advertising sectors. The company’s leadership in the local search market positions it well for future growth, particularly as digital adoption increases in smaller cities. However, it faces competition from other digital platforms and online marketplaces, which could impact its market share.

The stock’s current valuation metrics, including a P/E ratio of 12.8 and a price-to-book value ratio of 1.63, suggest it is fairly valued compared to peers like IndiaMART InterMESH. The high promoter holding of 74.15% provides stability but may limit liquidity for retail investors.

Looking ahead, Just Dial’s focus on innovation, such as enhancing its platform for mobile and voice-based searches, and its expansion into tier-2 and tier-3 markets will be critical for sustaining growth. The company’s debt-free status and substantial cash reserves provide a buffer against market volatility, but investors should remain mindful of competitive pressures and macroeconomic factors.

You Learn

Just Dial Ltd has solidified its position as a leader in India’s local search engine market, with a share price history that reflects both its growth potential and market challenges. The company’s strong financial performance, with a 61% net profit increase in FY25 and a debt-free balance sheet, underscores its resilience. Recent developments, such as its focus on SMEs and digital services, position it well for future growth, though competition and mixed analyst sentiments warrant caution. For investors interested in India’s digital economy, Just Dial remains a compelling stock to watch, offering a blend of stability and opportunity.

FAQs: Just Dial Ltd: A Comprehensive Look at Its Share Price History

1. Who owns Just Dial Ltd as of 2025?

Just Dial is owned by Reliance Retail, a subsidiary of Reliance Industries, which acquired a majority stake in 2021.

2. What is the current share price of Just Dial?

As of May 29, 2025, Just Dial’s share price closed at ₹885.60.

3. Is Just Dial a profitable company?

Yes, Just Dial reported a net profit of ₹584 crore in FY 2024–25, marking a 61% growth from the previous year.

4. Is Just Dial a debt-free company?

Yes, Just Dial is completely debt-free and holds cash reserves of ₹5,060 crore as of December 2024.

5. What is the future growth potential of Just Dial?

Just Dial is expanding in tier-2 and tier-3 cities, enhancing digital services, and has strong financials, making it a stock with long-term growth potential.

(India CSR)