Jio Financial Services Share Price Target 2024, 2025, 2026, 2028, 2030, 2040, and 2050

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.

What is Jio Financial Services Ltd

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 Share Price History

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

Equities and Liabilities

Description	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
12 months	12 mths	12 mths	12 mths	12 mths	12 mths
Shareholder’s Funds
Equity Share Capital	6,353.28	2.02	2.02	2.02	2.02
Total Share Capital	6,353.28	2.02	2.02	2.02	2.02
Reserves and Surplus	18,083.53	17,698.64	2,225.70	2,057.97	1,934.91
Total Reserves and Surplus	18,083.53	17,698.64	2,225.70	2,057.97	1,934.91
Total Shareholders Funds	24,436.81	17,700.66	2,227.72	2,059.99	1,936.93
Equity Share Application Money	0.00	6,353.28	0.00	0.00	0.00
Hybrid/Debt/Other Securities	0.00	0.31	0.31	0.00	0.00
Non-Current Liabilities
Deferred Tax Liabilities [Net]	17.18	4.08	0.00	0.00	4.77
Other Long Term Liabilities	3.71	0.10	0.02	0.07	344.84
Long Term Provisions	12.93	1.81	0.00	0.00	17.65
Total Non-Current Liabilities	33.82	5.99	0.02	0.07	367.26
Current Liabilities
Short Term Borrowings	0.00	742.77	0.00	0.00	2,420.25
Trade Payables	2.39	0.00	0.00	0.00	0.04
Other Current Liabilities	1.18	0.09	0.07	0.17	58.96
Total Current Liabilities	3.57	742.86	0.07	0.17	2,479.25
Total Capital And Liabilities	24,474.20	24,803.10	2,228.12	2,060.23	4,783.44

Assets

Description	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
12 months	12 mths	12 mths	12 mths	12 mths	12 mths
Non-Current Assets
Tangible Assets	36.53	38.93	0.00	0.00	0.00
Intangible Assets	0.00	9.87	0.00	0.00	0.00
Fixed Assets	36.53	48.80	0.00	0.00	0.00
Deferred Tax Assets [Net]	0.00	0.00	5.31	3.94	0.00
Other Non-Current Assets	29.25	23.99	40.39	47.34	0.00
Total Non-Current Assets	65.78	72.79	45.70	51.28	0.00
Current Assets
Current Investments	19,719.97	19,400.57	180.90	57.49	206.09
Trade Receivables	0.00	0.00	0.00	0.00	7.65
Cash And Cash Equivalents	4,590.20	5,000.17	0.51	0.36	0.49
Short Term Loans And Advances	92.00	0.00	2,001.00	1,951.09	4,400.15
Other Current Assets	6.25	329.57	0.01	0.01	169.06
Total Current Assets	24,408.42	24,730.31	2,182.42	2,008.95	4,783.44
Total Assets	24,474.20	24,803.10	2,228.12	2,060.23	4,783.44

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
Contingent Liabilities, Commitments
Contingent Liabilities	0.00	3.19	18.77	6.67	7.12

Jio Financial Services Quarterly Report

	Mar 24	Dec 23	Sep 23	Jun 23
Sales +	140.51	134.08	148.90	214.57
Expenses +	36.50	36.34	25.34	18.88
EBITDA	3.06	3.09	3.10	3.06
EBIT	104.01	97.74	123.56	205.96
Net Profit	77.76	70.48	88.76	145.47
Profit Before Tax	104.01	97.74	123.56	195.69
Operating Profit Margin	76.20%	75.20%	85.06%	97.41%
Net Profit Margin	55.34%	52.57%	59.61%	67.80%
Earning Per Share	0.12	0.11	0.14	720.14
Depreciation	5.36	13.66	13.29	13.35
Dividends Per Share	0.00	0.00	0.00	0.00

Jio Financial Services Share Price Target 2024, 2025, 2026, 2028, 2030, 2040, and 2050

Jio Financial Services Share Price Target 2024

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.

Month	Minimum Target (₹)	Maximum Target (₹)
January	210	250
February	255	310
March	310	350
April	356	390
May	380	410
June	390	420
July	398	425
August	405	435
September	415	440
October	416	445
November	420	440
December	425	450

Jio Financial Services Share Price Target 2025

Month	Minimum Target (₹)	Maximum Target (₹)
January	440	460
February	445	465
March	450	470
April	455	475
May	460	480
June	465	485
July	470	490
August	475	495
September	480	500
October	485	505
November	490	510
December	495	515

Jio Financial Services Share Price Target 2026

Month	Minimum Target (₹)	Maximum Target (₹)
January	520	535
February	525	540
March	535	550
April	540	560
May	545	565
June	555	570
July	560	575
August	565	600
September	575	610
October	580	615
November	590	625
December	600	635

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Jio Financial Services Share Price Target 2028

Month	Minimum Target (₹)	Maximum Target (₹)
January	710	725
February	715	730
March	720	740
April	730	745
May	730	750
June	735	755
July	740	760
August	750	770
September	755	775
October	760	785
November	770	795
December	790	805

Jio financial services share prediction: expert opinion

Jio Financial Services Share Price Target 2030

Month	Minimum Target (₹)	Maximum Target (₹)
January	910	935
February	915	945
March	920	950
April	925	955
May	930	960
June	935	965
July	940	970
August	940	975
September	950	985
October	960	990
November	965	990
December	975	1010

Jio Financial Services Share Price Target 2040

Month	Minimum Target (₹)	Maximum Target (₹)
January	1510	1535
February	1515	1545
March	1520	1550
April	1525	1555
May	1530	1560
June	1535	1565
July	1540	1570
August	1540	1575
September	1550	1585
October	1560	1590
November	1575	1597
December	1584	1615

Jio Financial Services Share Price Target 2050

Month	Minimum Target (₹)	Maximum Target (₹)
January	2246	2262
February	2253	2269
March	2257	2274
April	2263	2278
May	2267	2286
June	2271	2289
July	2277	2296
August	2281	2305
September	2287	2309
October	2291	2313
November	2297	2320
December	2304	2328

How to buy Jio Financial Services share price?

Popular platforms for buying Jio Financial services shares are UPstox, Groww, Zerodha and Angleone, from where you can easily buy and sell JFS shares.

Also Read: HCC shares will make you rich, 100% guarantee.

Jio Financial Services Shareholding Pattern

Promoter	47.12%
Other Domestic Institutions	7.86%
Retail and Others	20.83%
Foreign Institutions	19.45%
Mutual funds	4.74%
Total	100.00

Latest News

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.

3. JFS has joined hands with the world’s largest asset manager American company to provide financial services in India. Initially both the companies have set a target of investing $150 million.

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.

Competitors of Jio Financial Services

• Shriram Finance
• Anand Rathi Wealth
• Bajaj Finance
• SBI Cards and Payment Services
• Sundaram Finance
• Muthoot Finance

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Conclusion

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.

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