We have brought for you analysis based detailed report for Jio Financial Services share price target 2024, 2025, 2026, 2028, 2030, 2040, 2050. If you are thinking of investing in the stock market then you must take a look at Jio Finance Services share price target.
Jio Financial Services Ltd is a subsidiary of Reliance Industries. In July 2023, Reliance Strategic Investment Limited was renamed Jio Financial Services Limited. It is a company providing financial services such as payment solutions, insurance, and asset management in India. Jio Financial Services and BlackRock (the world’s largest asset manager) will work together to provide financial services in India.
Jio Financial Services listing Date
This company was listed in the stock exchange on 21 August 2023. But in September it was removed from the BSE and FTSE indices.
Jio Financial Services was listed on BSE on 21 August 2023 at Rs 265 per share, and today on 24 April 2024 it has become Rs 379 per share with a growth of 79%. In the last 1 year, 6 months, and 1 month, its stock has seen a growth rate of 50.90%, 80.73%, and 9.70% respectively. It has seen a very slight (0.45%) decline in the last 5 days. With this its market cap has increased to Rs 2.42 trillion (2.42 lakh crore).
Jio Financial Services Share price growth chart
Jio Financial Services Fundamentals
Jio financial services is a significant player in the financial sector with a market cap of ₹2,42,886 crore, indicating strong market presence and investor confidence. The company has shown an impressive sales growth rate of 1432.69% in the last fiscal year, indicating strong expansion and successful business strategies of the company.
The company has consistently made profits for the last several years. The company’s profit for the financial year 23-24 has seen an increase of 1123.90%. Which is a strong indicator of a company’s operational efficiency and financial health.
Jio Financial Services has ROE of 1.5% and ROCE of 2.17% which is relatively low. The 1.58 P/B ratio suggests that the company’s stock is priced fairly compared to its book value, potentially making it an attractive investment opportunity.
Company Name
Jio Financial Services Ltd
Sector
Financial Services
Established
July 22, 1999,
Website
www.jfs.in
Market Cap
₹ 2,42,886 Cr.
Advances
₹ 0 Cr.
No. of Shares
635.33 Cr.
P/E Ratio (TTM)
136.36
P/B Ratio
1.58
52 Week High
Rs 394.70
52 Week Low
Rs 202.80
Face Value
10
Dividend Yield
00.00%
Book Value
₹ 119.02
Net Profit
₹ 382.47 Cr.
Profit Growth
1123.90%
EPS (TTM)
2.53
Sales Growth
1432.69%
ROE
1.15%
ROCE
2.17%
Jio Financial Services Profit/Loss – Last 5 Years Report
Income Report
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 months
12 mths
12 mths
12 mths
12 mths
12 mths
Revenue From Operations [Gross]
638.06
41.63
148.61
295.18
349.25
Revenue From Operations [Net]
638.06
41.63
148.61
295.18
349.25
Total Operating Revenues
638.06
41.63
148.61
295.18
349.25
Other Income
0.00
3.21
35.65
15.63
0.00
Total Revenue
638.06
44.84
184.26
310.81
349.25
Expenses
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 months
12 mths
12 mths
12 mths
12 mths
12 mths
Employee Benefit Expenses
42.73
0.00
0.00
0.00
0.00
Finance Costs
10.27
0.00
0.00
110.57
127.76
Provisions and Contingencies
0.00
-10.06
0.00
0.00
0.00
Depreciation And Amortisation Expenses
12.31
0.00
0.00
0.00
0.00
Other Expenses
51.75
5.56
7.39
82.18
27.66
Total Expenses
117.06
-4.50
7.39
192.75
155.42
Jio Financial Services Profit/Loss
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 months
12 mths
12 mths
12 mths
12 mths
12 mths
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax
521.00
49.34
176.87
118.06
193.83
Profit/Loss Before Tax
521.00
49.34
176.87
118.06
193.83
Tax Expenses
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 months
12 mths
12 mths
12 mths
12 mths
12 mths
Current Tax
138.53
10.00
10.20
3.40
12.90
Deferred Tax
0.00
9.39
-1.37
-8.71
-49.01
Tax For Earlier Years
0.00
-1.30
0.00
0.31
0.00
Total Tax Expenses
138.53
18.09
8.83
-5.00
-36.11
Profit/Loss After Tax
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 months
12 mths
12 mths
12 mths
12 mths
12 mths
Profit/Loss After Tax And Before ExtraOrdinary Items
382.47
31.25
168.04
123.06
229.94
Profit/Loss From Continuing Operations
382.47
31.25
168.04
123.06
229.94
Profit/Loss For The Period
382.47
31.25
168.04
123.06
229.94
Other Additional Information
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 months
12 mths
12 mths
12 mths
12 mths
12 mths
Basic EPS (Rs.)
0.60
60.46
325.13
238.10
1,138.21
Diluted EPS (Rs.)
0.60
60.46
325.13
238.10
444.90
Dividend
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 months
12 mths
12 mths
12 mths
12 mths
12 mths
Equity Share Dividend
0.00
888.92
0.00
0.00
0.00
Equity Dividend Rate (%)
0.00
44,000.00
0.00
0.00
0.00
Jio Financial Services Balance Sheet – Last 5 Years Report
Speaking to ET NOW Swadesh, market expert Dhawni Patel said that Jio Financial Services shares are showing an upward trend. He said that if it crosses Rs 410 then the rise will continue.
1. Jio Financial Services is about to launch its JFS Super App in which all finance related facilities like loan, investment, insurance, payment, digital banking, upi and mutual fund services will be available at one place.
2. Jio Finance is going to create a big headache for fintech startups. Fintech companies like Paytm, phone pay, google pay, Zerodha will have to face tough competition.
4. Public shareholders hold 52.88% stake in Jio Financial Services while promoters hold 47.12%, hence the company has sought shareholders’ approval for foreign investment up to 49%.
Strengths
The net profit of the company for the financial year 2023-24 is ₹ 382.47 crore.
Total shareholder funds has increased significantly between March 2020 and March 2024 indicating strong growth. Total shareholders’ funds in March 2020 stood at Rs 1,936.93 crore. And in March 2024 it was Rs 24,436.81 crore.
The reserves and surplus of any company indicate its financial stability and ability to absorb potential losses. In March 2020, the company had reserves of Rs 1,934.91 crore, which increased to Rs 18,083.53 crore in March 2024.
Jio Financial Services has no long-term borrowings, which reflects the strong position of the company.
Having a debt-free status, the company is free from interest expenses and financial risk.
The company’s current investments have grown rapidly reflecting efficient asset management and liquidity.
Risks
JFS has a fairly high P/E ratio, which suggests the stock may be overvalued. Investors may pay a premium for future growth, which increases the risk if the company fails to meet high growth expectations.
JFS’s ROE and ROCE are relatively low which suggests that the company is not generating high returns on its equity and capital.
The company’s EPS is relatively modest compared to the high P/E ratio.
Jio Financial Services has a P/E ratio of 136.36 which means the stock is trading at a high multiple of its earnings, which could indicate that the stock is overvalued.
Jio Financial Services has demonstrated exceptional growth rates in market capitalization, sales and profits, indicating strong business expansion and improving profitability.The company’s JFS app and its partnership with a big asset manager company like BlackRock indicate strong growth in its stock. However, the company’s low ROE and lack of ROCE present potential risks. A high P/E ratio suggests that the market has high expectations of future growth, which can be risky if the company does not meet these expectations. Investors should consider these strengths and risks when considering Jio Financial Services as an investment.
Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.
Q1: What is the target price of Jio Financial Services in 2024?
Ans: The maximum share price target of Jio financial services for 2024 is likely to be Rs 420 to Rs 450.
Q2: Is it a good time to buy Jio financial services shares?
Ans: Yes, recently the world’s largest asset manager BlackRock has partnered with Jio Financial Services. This means that JFS shares will see an increase.
Q3: What is the share price of Jio Financial Services in 2025?
Ans: The maximum share price target of Jio financial services for 2025 is likely to be Rs 495 to Rs 515.
Q4: What is the share price of Jio Financial Services in 2026?
Ans: The maximum share price target of Jio financial services for 2026 is likely to be Rs 600 to Rs 635.
