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
| Market Cap | ₹ 2,42,886 Cr. |
| Advances | ₹ 0 Cr. |
| No. of Shares | 635.33 Cr. |
| P/E Ratio (TTM) | 151.11 |
| P/B Ratio | 1.75 |
| Face Value | 10 |
| Dividend Yield | 00.00% |
| Book Value | ₹ 38.46 |
| Net Profit | ₹ 382.47 Cr. |
| EPS (TTM) | 2.53 |
| Sales Growth | 1432.69% |
| ROE | 1.15% |
| ROCE | 2.17% |
| Profit Growth | 1123.90% |
Jio Financial Services Loss & Profit – Last 5 Years Report
Income Report
| Income | Mar ’24 | Mar ’23 | Mar ’22 | Mar ’21 | Mar ’20 |
|---|---|---|---|---|---|
| 12mths | 12mths | 12mths | 12mths | 12mths | |
| Sales Turnover | 638.06 | 41.63 | 148.61 | 295.18 | 349.25 |
| Net Sales | 638.06 | 41.63 | 148.61 | 295.18 | 349.25 |
| Other Income | 0.00 | 3.21 | 35.65 | 15.63 | 0.00 |
| Total Income | 638.06 | 44.84 | 184.26 | 310.81 | 349.25 |
Expenditure
| Expenditure | Mar ’24 | Mar ’23 | Mar ’22 | Mar ’21 | Mar ’20 |
|---|---|---|---|---|---|
| 12mths | 12mths | 12mths | 12mths | 12mths | |
| Employee Cost | 42.73 | 0.00 | 0.00 | 0.00 | 0.00 |
| Miscellaneous Expenses | 51.75 | -4.50 | 7.39 | 82.18 | 27.66 |
| Total Expenses | 94.48 | -4.50 | 7.39 | 82.18 | 27.66 |
| Operating Profit | 543.58 | 46.13 | 141.22 | 213.00 | 321.59 |
| PBDIT | 543.58 | 49.34 | 176.87 | 228.63 | 321.59 |
| Interest | 10.27 | 0.00 | 0.00 | 110.57 | 127.76 |
| PBDT | 533.31 | 49.34 | 176.87 | 118.06 | 193.83 |
| Depreciation | 12.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax | 521.00 | 49.34 | 176.87 | 118.06 | 193.83 |
| PBT (Post Extra-ord Items) | 521.00 | 49.34 | 176.87 | 118.06 | 193.83 |
| Tax | 138.53 | 18.09 | 8.83 | -5.00 | -36.11 |
| Reported Net Profit | 382.47 | 31.25 | 168.04 | 123.06 | 229.94 |
| Total Value Addition | 94.48 | -4.50 | 7.39 | 82.18 | 27.66 |
| Equity Dividend | 0.00 | 888.92 | 0.00 | 0.00 | 0.00 |
Per share data (annualised)
| Per share data (annualised) | Mar ’24 | Mar ’23 | Mar ’22 | Mar ’21 | Mar ’20 |
|---|---|---|---|---|---|
| 12mths | 12mths | 12mths | 12mths | 12mths | |
| Shares in issue (lakhs) | 63,532.80 | 20.20 | 20.20 | 20.20 | 20.20 |
| Earning Per Share (Rs) | 0.60 | 154.69 | 831.80 | 609.15 | 1,138.20 |
| Equity Dividend (%) | 0.00 | 44,000.00 | 0.00 | 0.00 | 0.00 |
| Book Value (Rs) | 38.46 | 87,618.35 | 11,027.23 | 10,196.96 | 9,587.81 |
Jio Financial Services Balance Sheet – Last 5 Years Report
Sources Of Funds
| Sources Of Funds | Mar ’24 | Mar ’23 | Mar ’22 | Mar ’21 | Mar ’20 |
|---|---|---|---|---|---|
| 12mths | 12mths | 12mths | 12mths | 12mths | |
| Total Share Capital | 6,353.28 | 2.02 | 2.02 | 2.02 | 2.02 |
| Equity Share Capital | 6,353.28 | 2.02 | 2.02 | 2.02 | 2.02 |
| Share Application Money | 0.00 | 6,353.28 | 0.00 | 0.00 | 0.00 |
| Reserves | 18,083.53 | 17,698.64 | 2,225.70 | 2,057.97 | 1,934.91 |
| Networth | 24,436.81 | 24,053.94 | 2,227.72 | 2,059.99 | 1,936.93 |
| Secured Loans | 0.00 | 743.08 | 0.31 | 0.00 | 0.00 |
| Unsecured Loans | 0.00 | 0.00 | 0.00 | 0.00 | 2,420.25 |
| Total Debt | 0.00 | 743.08 | 0.31 | 0.00 | 2,420.25 |
| Total Liabilities | 24,436.81 | 24,797.02 | 2,228.03 | 2,059.99 | 4,357.18 |
Application Of Funds
| Application Of Funds | Mar ’24 | Mar ’23 | Mar ’22 | Mar ’21 | Mar ’20 |
|---|---|---|---|---|---|
| 12mths | 12mths | 12mths | 12mths | 12mths | |
| Gross Block | 36.53 | 66.84 | 0.00 | 0.00 | 0.00 |
| Less: Accum. Depreciation | 0.00 | 18.04 | 0.00 | 0.00 | 0.00 |
| Net Block | 36.53 | 48.80 | 0.00 | 0.00 | 0.00 |
| Investments | 19,719.97 | 19,400.57 | 180.90 | 57.49 | 206.09 |
| Sundry Debtors | 0.00 | 0.00 | 0.00 | 0.00 | 7.65 |
| Cash and Bank Balance | 4,590.20 | 5,000.17 | 0.51 | 0.36 | 0.49 |
| Total Current Assets | 4,590.20 | 5,000.17 | 0.51 | 0.36 | 8.14 |
| Loans and Advances | 127.50 | 353.56 | 2,046.71 | 2,002.38 | 4,569.21 |
| Total CA, Loans & Advances | 4,717.70 | 5,353.73 | 2,047.22 | 2,002.74 | 4,577.35 |
| Current Liabilities | 24.46 | 4.27 | 0.09 | 0.24 | 408.61 |
| Provisions | 12.93 | 1.81 | 0.00 | 0.00 | 17.65 |
| Total CL & Provisions | 37.39 | 6.08 | 0.09 | 0.24 | 426.26 |
| Net Current Assets | 4,680.31 | 5,347.65 | 2,047.13 | 2,002.50 | 4,151.09 |
| Total Assets | 24,436.81 | 24,797.02 | 2,228.03 | 2,059.99 | 4,357.18 |
| Contingent Liabilities | 0.00 | 3.19 | 18.77 | 6.67 | 7.12 |
| Book Value (Rs) | 38.46 | 87,618.35 | 11,027.23 | 10,196.96 | 9,587.81 |
Jio Financial Services Share Price Target 2024, 2025, 2026, 2028, 2030, 2040, 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 |
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.
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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IRFC Share Price Target 2024, 2025, 2026, 2028, 2040 and 2050
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.