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10 Yrs X-Ray 
Valuation 
Analyst Note 
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About
Jio Platforms Ltd (JPL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545004 NSE: JPL Telecommunication - Service Provider | Large Cap | Jio Platforms Share Price
₹1,431.20 8.15 (0.57%)
As on 30-Oct'26 16:59
Jio Platforms Ltd (JPL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545004 NSE: JPL Telecommunication - Service Provider | Large Cap | Jio Platforms Share Price
₹1,431.20 8.15 (0.57%)
As on 30-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹13,17,997 Cr.
Current Price
₹1,431.2
52-Week Low / High
₹1,356 / 1,490
TTM EPS
₹32.7
TTM Sales
₹1,46,885 Cr.
Book Value per Share
₹405.4
P/E Ratio
43.84
Industry PE
44.7
Price to Book (P/B)
3.53
Price to Sales (P/S)
8.97
EV/EBITDA
17.83
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.40%
Outperforms industry median
Return on Capital Employed (ROCE)
12.49%
Underperforms industry median
Return on Assets (ROA)
5.02%
Operating Profit Margin
50%
Net Profit Margin
20.46%
Gross Profit Margin
39.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
36.22%
Operating Profit Growth (1 Year)
-
16.15%
Net Profit Growth (1 Year)
-
15.05%
Asset Quality
Promoter Holding
64.48%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,64,123 Cr.
Equity
₹9,209 Cr.
Face Value
₹10
All Time Low / High
₹1356.40 / 1490.00
Check Before You Invest
Quality
Not GoodValuation
NACheck Valuation charts
Price Trend
Weak
Is Jio Platforms Ltd a good quality company?
Jio Platforms Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Jio Platforms Ltd performance compare with that of its Peers?
Revenue growth of Jio Platforms Ltd vs industry peers?
Jio Platforms Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 2.09%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Jio Platforms Ltd?
Promoters hold 64.48% of the Jio Platforms Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Jio Platforms Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jio Platforms Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 0.5% | 0.6% | 0.8% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -0.9 | - |
Growth Parameters ⓘ |
||||
| Sales ⓘ | 7,571 | 11,868 | 16,167 | 16,167 |
| Sales YoY Gr. | - | 56.8% | 36.2% | - |
| Adj EPS ⓘ | 0.9 | 1.1 | 1.4 | 1.4 |
| YoY Gr. | - | 23% | 33.6% | - |
| BVPS (₹) ⓘ | 233.2 | 234.7 | 236.9 | 262.7 |
| Adj Net Profit ⓘ | 780 | 958 | 1,281 | 1,280 |
| Cash Flow from Ops. ⓘ | 1,018 | 1,215 | 999 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 36.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | 33.6% | ||||
| BVPSⓘ | NA | NA | NA | 1% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 0.4 | 0.5 | 0.6 | 0.6 |
| Op. Profit Mgn % ⓘ | 18.1 | 15.9 | 15.1 | 15.5 |
| Net Profit Mgn % ⓘ | 10.3 | 8.1 | 7.9 | 7.9 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 77 | 97 | 92 |
| Cash Conv. Cycle ⓘ | 0 | -148 | -181 | 36 |
Valuation of Jio Platforms - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Sales | 1,09,558 | 1,28,218 | 1,46,885 |
| Operating Expenses ⓘ + | 55,192 | 65,140 | 73,621 |
| Operating Profit ⓘ | 54,366 | 63,079 | 73,264 |
| Operating Profit Margin (%) | 49.6% | 49.2% | 49.9% |
| Other Income ⓘ + | 625 | 1,115 | 2,999 |
| Interest ⓘ | 4,080 | 4,928 | 8,661 |
| Depreciation ⓘ | 22,103 | 24,138 | 27,249 |
| Profit Before Tax ⓘ | 28,808 | 35,127 | 40,353 |
| Tax ⓘ | 7,374 | 9,007 | 10,300 |
| Profit After Tax | 21,434 | 26,120 | 30,053 |
| PAT Margin (%) | 19.6% | 20.4% | 20.5% |
| Adjusted EPS (₹) | 24.0 | 29.2 | 33.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 2,77,584 | 3,04,299 | 3,35,355 | ||||||||
| Debt + | 50,641 | 68,674 | 66,052 | ||||||||
| Minority Interest | 1135 | 1134 | 1099 | ||||||||
| Trade Payables | 6,443 | 7,656 | 8,932 | ||||||||
| Others Liabilities ⓘ | 2,03,726 | 1,99,430 | 2,04,103 | ||||||||
| Total Liabilities ⓘ | 5,39,529 | 5,81,193 | 6,15,541 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 2,37,156 | 3,61,032 | 4,78,988 | ||||||||
| CWIP ⓘ | 2,35,144 | 1,32,221 | 29,906 | ||||||||
| Investments ⓘ | 6,037 | 22,664 | 30,420 | ||||||||
| Inventories | 119 | 227 | 263 | ||||||||
| Trade Receivables | 2,851 | 2,461 | 2,527 | ||||||||
| Cash Equivalents | 2,911 | 8,424 | 16,947 | ||||||||
| Others Assets ⓘ | 55,311 | 54,164 | 56,490 | ||||||||
| Total Assets ⓘ | 5,39,529 | 5,81,193 | 6,15,541 | ||||||||
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 57,662 | 68,156 | 77,556 |
| Cash Flow From Investing Activity ⓘ + | -56,588 | -63,726 | -43,591 |
| Cash Flow From Financing Activity ⓘ + | 379 | 1,093 | -25,419 |
| Net Cash Flow ⓘ | 1,453 | 5,523 | 8,546 |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.72 | 8.98 | 9.4 | |||||||
| ROCE (%) | 9.89 | 11.27 | 12.49 | |||||||
| Asset Turnover Ratio | 0.24 | 0.27 | 0.29 | |||||||
| PAT to CFO Conversion(x) | 2.69 | 2.61 | 2.58 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 8.10 | 6.50 | 5.30 | |||||||
| Inventory Days | 0.30 | 0.40 | 0.50 | |||||||
| Payable Days | 0 | 0 | 0 | |||||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
Jio Platforms Ltd FAQs
The current trading price of Jio Platforms on 30-Oct-2026 16:59 is ₹1,431.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Oct-2026 the market cap of Jio Platforms stood at ₹13,17,996.5 Cr
The latest P/E ratio of Jio Platforms as of 29-Oct-2026 is 1,028.9.
The latest P/B ratio of Jio Platforms as of 29-Oct-2026 is 5.45.
The 52-week high of Jio Platforms is ₹1,490 and the 52-week low is ₹1,356.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jio Platforms is ₹16,167 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jio Platforms Ltd is a below average quality company.
No data found
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jio Platforms Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Jio Platforms Ltd
Jio Platforms, incorporated on November 15, 2019, is a technology platform, built on proprietary digital technology and pan-India digital connectivity as the foundational layer, driving digital transformation in India. Since its inception, it has played a pivotal role in democratising access to digital connectivity and digital services in India. A combination of mobile, fixed broadband and digital services across a unified platform, together with data and customer personalisation, positions the company as a comprehensive digital gateway for accessing the internet, digital services and emerging technologies, including artificial intelligence (AI).
Its business model is built on a proprietary technology stack that it has designed, developed and deployed inhouse. It has vertically integrated technology capabilities across network, device engineering, software and operating systems, and digital applications. This full-stack ownership helps the company to significantly reduce dependency on third-party vendors, provides structural cost advantages, and enables faster innovation cycles. The company and its subsidiaries have applied for multiple patents, across 4G, 5G, 6G cloud-native core network architectures, AI-driven network automation, and other digital technologies within India and outside India.
Its platform is built on five integrated layers: (i) Digital products and services – its consumer applications and enterprise solutions, (ii) Digital connectivity – including its in-house developed network core, platforms and devices; (iii) Phygital access at scale – its phygital distribution network; (iv) Deep customer insights – the customer data and analytics it processes; and (v) Proprietary technology – comprising its intellectual property portfolio and licensed trademarks.
Business area of the company
The company is mainly engaged in Digital Services, Platform, Application and Software Business.
Products and services of the company
For consumers
- Digital Connectivity (4G, 5G, JioFiber, JioAirFiber): Mobile and fixed broadband services provided by the company’s Material Subsidiary -- Reliance Jio Infocomm (RJIL) to subscribers as per their connectivity plans.
- Digital Entertainment (JioTV+, JioSaavn, JioGames, JioHotstar): Video/music streaming and cloud gaming provided by the company, RJIL and Saavn Media bundled with connectivity plans.
- Cloud and Productivity (JioAICloud, JioPC): Cloud storage and virtual PC services provided by the company to subscribers on bundled or standalone basis.
- Smart Home and IoT (Jio Set-top-box, JioHome): Connected devices enabling home automation. ‘IoT’ (Internet of Things) refers to a network of connected devices and sensors that collect, exchange and act on data with minimal human intervention. Provided by the company and RJIL on device sale or subscription basis.
- AI Products (JioBrain, Google AI Pro): AI assistants and personalised digital experiences provided by the company and Jio Haptik Technologies Limited in partnership with third parties and offered as bundled with the connectivity plans.
For businesses
- Enterprise Connectivity (JioBusiness, Internet Leased Line (ILL), MPLS, VPN): Broadband and leased line connectivity provided by RJIL on a contract-based subscription model.
- Enterprise IoT (JioThings, CPaaS): IoT solutions, or ‘internet of things’ solutions for smart metering, fleet management and industrial monitoring provided by Jio Things and RJIL on device sale or subscription basis.
- Cloud and Security (Managed Wi-Fi, Private 5G, Software-Defined Wide Area Network (SDWAN)79): Enterprise cloud, Wi-Fi, and security solutions provided by the company and RJIL in partnership with Microsoft and Google Cloud on subscription basis.
- Managed Services (Managed Network Operations Centre (NoC), unified communications): End-to-end managed information and communication services provided by the company under contracts.
- Enterprise AI (JioBrain): AI enterprise suite for forecasting, automation and network optimisation provided by the Company on subscription/ usage basis.
Awards, accreditations and recognition
- 2021: ‘CW Innovation Award’ from Computer Weekly in 2021, for the platform ‘ATOM’.
- 2021: ‘Aegis Graham Bell Award’ in the category of 5G innovation and innovation in telecom solution.
- 2022: ‘Small Cell Forum Award 2022’ in the category of outstanding small cell technology in commercial use.
- 2022: ‘Aegis Graham Bell Award’ in the category of innovation in automation.
- 2023: ‘RedHat APAC Innovation Award 2023’ in the category of digital transformation – hybrid cloud infrastructure.
- 2023: ‘Ookla Speedtest Award 2023’ in the category of best mobile network, fastest mobile network, best mobile coverage, top rated mobile network, best mobile video experience, best mobile gaming experience, fastest 5G mobile network, best 5G gaming experience and best 5G video experience.
- 2023: ‘Clarivate South Asia Innovation Award 2023’ in the category of telecommunications.
- 2023: ‘Voice and Data Excellence Award 2023’ in the category of network services – FWA, 5G hyperscale mobility services and hyperlite enterprise services.
- 2023: ‘Small Cell Forum Industry Award 2023’ in the category of excellence in commercial deployment by a service provider.
- 2023: ‘Edge Enablement Award’ at Datacloud Global Awards 2023.
- 2023: Reliance Jio Infocomm received ‘Golden Peacock Award 2023’ for excellence in corporate governance in the telecommunications sector.
- 2024: ‘National Intellectual Property Award 2024’ in the category of top public/ private company for patents filing, grant and commercialization in India in services sector.
- 2024: ‘WIPO IP Enterprises Trophy’ by World Intellectual Property Organisation.
- 2024: Gold Award for ‘Radio and 5G Combo Core – Redefining Connectivity’ at SKOCH DX Awards 2024.
- 2024: Gold Award for ‘JioBrain – providing AI/ML as a service’ at SKOCH DX Awards 2024.
- 2024: Silver Award for ‘OSS/ BSS and Automation Portfolio’ at SKOCH DX Awards 2024.
- 2024: ‘National Award for Excellence – 11th Edition’ in the category of AI in telecoms, cloud infrastructure and edge technologies, innovation in telecom services, 5G and network development.
- 2024: ‘Aegis Graham Bell Award’ in the category of innovation in automation.
- 2024: ‘5G Award’ at World Communication Awards 2024.
- 2024: ‘Clarivate South Asia Innovation Award 2024’ in the category of telecommunication.
- 2024: ‘Edge Impact Award’ at Data Cloud Awards 2024.
- 2024: ‘Telecom Company of the Year Award - India’ at Asian Telecom Awards 2024.
- 2024: Ranked amongst the world’s 25 strongest brand in the Brand Finance Global 500 Report 2024.
- 2024: Recognised as 'Global Leader’ in 5G availability at Opensignal’s 5G Global Mobile Network Experience Awards.
- 2024: Recognised as 'Global Rising Star' for download speed experience, and upload speed experience, 'Regional Winner in South Asia' for download speed experience, and 'Regional Leader in South Asia' for video experience at Opensignal’s Global Mobile Network Experience Awards.
- 2024: ‘Voice & Data Excellence Award 2024’ in the cloud services category to ‘Telco Cloud Suite’.
- 2024: Reliance Jio Infocomm was Certified as ‘Great Place to Work’ organisation by Great Place to Work.
- 2025: ‘National Award for Excellence -12th Edition’ in the category of best technical implementation for AI, best innovation in telecommunication, innovative product – voice (JIO A-SBC, I-SBC), telecom software – ‘5G Radio, Core with IMS’ and best LTE core network product (HSS/HLR).
- 2025: ‘Asia IP Elite Award 2025’ for commitment to world-class IP value creation.
- 2025: ‘Clarivate South Asia Innovation Awards 2025’ in the category of telecommunications.
- 2025: ‘Small Cell Forum Mobile Network Awards 2025’ in the category of outstanding software and services products or technology.
- 2025: ‘Cloud Service Innovator of the Year’ award at Data Cloud Awards 2025.
- 2025: ‘Edge Impact Award’ at Data Cloud Awards 2025.
- 2025: ‘Cloud Computing Award’ at Technology AI Awards 2025.
- 2025: ‘Digital Transformation Award’ at Technology AI Awards 2025.
- 2025: ‘TM Forum Excellence Awards 2025’ in the category of excellence in open digital architecture implementation.
- 2025: ‘Aegis Graham Bell Award’ in the category of innovation in enterprise solution 2025: Recognised as ‘Top 20 Innovative Company’ at CII Industrial Innovation Awards 2025.
- 2025: Reliance Jio Infocomm received ‘Telecom Network Operator of the Year’ at the ET Telecom Awards 2025.
- 2026: ‘Aegis Graham Bell Award’ in the category of innovation in Gen AI – customer experience, sales and GTM intelligence.
- 2026: ‘Golden Peacock Innovative Product/ Service Award 2026’ in the category of telecommunication for ‘JioBrain – agentic AI & autonomous intelligence suite.
- 2026: Reliance Jio Infocomm received ‘Innovative Product Voice & Data’ certificate at 33rd Convergence India Expo 2026 x 11th Smart Future Cities India Expo.
History and milestones
- 2016: Launch of India’s first greenfield all-IP network and 4G services with VoLTE technology.
- 2017: Achievement of 100 million 4G customers in less than 180 days of commercial launch of the company’s services.
- 2017: Launch of ‘JioPhone’, a 4G feature phone with affordable data plans offered to consumers.
- 2017: Achieved market share of 42.67% of broadband customers in India in September 2017, within a year of commercial launch.
- 2018: Awarded the 1st rank in the Change the World Ranking 2018 published by Fortune, amongst a list of global companies.
- 2019: Launch of ‘JioFiber’, a fiber based fixed broadband service.
- 2019: Divestment of fibre and tower assets of RJIL into Jio Digital Fibre Private Limited and Reliance Jio Infratel Private Limited (now Summit Digitel Infrastructure Limited), respectively.
- 2019: Incorporation of the company.
- 2019: RJIL became a wholly-owned subsidiary of the company.
- 2020: Transfer of Identified Liabilities from RJIL to RIL, pursuant to a scheme of arrangement amongst RJIL and certain classes of its creditors.
- 2020: The company raised Rs 1,520,553 million from 13 investors.
- 2021: Launch of ‘JioPhone Next’, affordable smartphone powered by Pragati operating system (OS), an optimized version of Android, developed jointly with Google.
- 2022: RJIL acquired spectrum across 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and in the 26 GHz bands, and acquired right to use spectrum in all 22 circles across India.
- 2022: Launch of India’s first standalone 5G network.
- 2023: Launch of ‘JioBharat’ phone, an entry-level, smart feature-phone for accelerating consumers’ transition from 2G to 4G network.
- 2023: Completed nation-wide roll-out of standalone 5G services in 98% of the census towns of India.
- 2023: Launched ‘JioAirFiber’, a fixed wireless broadband access service.
- 2023: First operator in India to cross 10 million fibre broadband customers.
- 2024: Launch of ‘JioAICloud’, a secure cloud storage service for Indian consumers integrated with AI based functionality like face grouping and editing of photos.
- 2025: Achieved the largest base of fixed wireless access customers in India.
- 2025: Achieved the Total Customer Base exceeding 500 million.
- 2025: Launch of ‘JioPC’, a cloud based native computing solution with pay-as-you-go features.
- 2025: Partnership of the company with Reliance Enterprise Intelligence Limited, a joint venture between Reliance Intelligence Limited (a wholly-owned subsidiary of RIL) and a subsidiary of Meta Platforms Inc., for distribution of enterprise AI products.
- 2025: In partnership with Reliance Intelligence Limited, the company offered access to Google’s AI Pro plan to Jio Unlimited 5G users at no extra cost for 18 months.
- 2026: Achieved Total Customer Base exceeding 280 million for 5G services, creating the third largest 5G customer base in the world.
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