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JIO Financial Services Ltd (JIOFIN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543940 NSE: JIOFIN Finance - NBFC | Large Cap | JIO Financial Serv. Share Price
₹231.40 1.90 (0.83%)
As on 18-Sep'26 16:59
JIO Financial Services Ltd (JIOFIN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543940 NSE: JIOFIN Finance - NBFC | Large Cap | JIO Financial Serv. Share Price
₹231.40 1.90 (0.83%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,52,797 Cr.
Current Price
₹231.4
52-Week Low / High
₹223 / 322
TTM EPS
₹3.1
Book Value per Share
₹210
P/E Ratio
73.94
Lower than its 5-year historical median
Industry PE
26.9
Price to Book (P/B)
1.10
Lower than its 5-year historical median
EV/EBITDA
52.02
Lower than its 5-year historical median
Dividend Yield
0.26%
Profitability Efficiency
Return on Equity (ROE)
1.23%
Underperforms industry median
Return on Capital Employed (ROCE)
2.11%
Underperforms industry median
Return on Assets (ROA)
1.05%
Underperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
17.77%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
1.45%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹4,905 Cr.
Reserves
₹1,32,056 Cr.
Equity
₹6,603.1 Cr.
Face Value
₹10
All Time Low / High
₹198.60 / 394.70
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is JIO Financial Services Ltd a good quality company?
JIO Financial Services Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
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How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does JIO Financial Services Ltd performance compare with that of its Peers?
AUM Growth of JIO Financial Services Ltd vs Industry Peers?
JIO Financial Services Ltd AUM CAGR is 74.87%, compared to the 5-year industry median CAGR of 26.77%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of JIO Financial Services Ltd?
Promoters hold 49.13% of the JIO Financial Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of JIO Financial Services Ltd over the last decade?
Over the last 3 years, the stock has delivered a CAGR of 0.25% 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 Financial Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 943 | 296 | -105 | 349 | 283 | 149 | 41.6 | 638 | 806 | 949 | 1,034 | |
| YoY Gr. Rt. % | - | -68.6% | -135.5% | NA | -19% | -47.5% | -72% | 1432.7% | 26.3% | 17.8% | - | |
| Adj EPS (₹ ) | 2,098.6 | 1,196.5 | -1,988.5 | 1,138.3 | 609.2 | 831.9 | 154.6 | 0.6 | 0.9 | 1.1 | 1.1 | |
| YoY Gr. Rt. % | - | -43% | -266.2% | NA | -46.5% | 36.6% | -81.4% | -99.6% | 43.3% | 24.4% | - | |
| BVPS (₹ ) | 9,240.9 | 10,437.4 | 8,448.9 | 9,587.2 | 10,196.4 | 11,028.3 | 87,627 | 38.5 | 39.3 | 39.9 | 50.5 | |
| YoY Gr. Rt. % | - | 13% | -19.1% | 13.5% | 6.4% | 8.2% | 694.6% | -100% | 2.3% | 1.5% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 9.8 | 6.3 | -10.1 | 5.2 | 3.6 | 7.9 | 0.2 | 1.6 | 2.2 | 2.5 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0.1% | 27.4% | 183.5% | 17.8% | ||||
| Adj EPS | -56.9% | -71.9% | -80.9% | 24.4% | ||||
| BVPS | -45.4% | -67% | -92.3% | 1.5% | ||||
| Share Price | - | - | 0.3% | -27% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 45 | 81.6 | 382.4 | 65.8 | 43.5 | 113.1 | 75.1 | 59.9 | 68.1 | 71.8 | 69 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 25.6 | 12.2 | -21.1 | 12.6 | 6.2 | 7.8 | 0.3 | 1.8 | 2.2 | 2.7 | 2.1 | |
Valuation of JIO Financial Serv. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Income + | 557 | 422 | 2,389 | 3,331 | 70 | 2,283 | 2,472 | 3,866 |
| Exceptional Items ⓘ | 179 | 27 | 1 | 0 | 13 | 429 | 429 | 353 |
| Expenditure ⓘ + | 449 | 384 | 2,359 | 3,322 | 21 | 327 | 525 | 1,983 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29 |
| Profit Before Tax ⓘ | 109 | 38 | 30 | 9 | 49 | 1,956 | 1,947 | 1,912 |
| Taxes ⓘ | 23 | 8 | 6 | 3 | 18 | 351 | 334 | 351 |
| Profit After Tax | 86 | 30 | 24 | 7 | 31 | 1,605 | 1,613 | 1,561 |
| Adjusted EPS (₹) | 425.9 | 148.3 | 117.3 | 33.9 | 154.6 | 2.5 | 2.5 | 2.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 2,846.90% | 0% | 19.70% | 24.40% |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 9,901 | 9,931 | 9,955 | 1,361 | 1,07,767 | 1,39,148 | 1,23,497 | 1,29,897 | ||
| Short term borrowings | 0 | 0 | 0 | 471 | 743 | 0 | 1,972 | 8,770 | ||
| Long Term Borrowings | 589 | 18 | 29 | 0 | 7 | 5,563 | 7,945 | 19,539 | ||
| Current Liabilities | 41 | 81 | 26 | 530 | 803 | 152 | 2,447 | 10,431 | ||
| Trade Payables | 1 | 1 | 6 | 0 | 16 | 16 | 33 | 97 | ||
| Other Liabilities | -1 | -1 | -6 | -471 | 5,594 | -16 | -2,005 | -4,911 | ||
| Total Liabilities ⓘ | 10,542 | 10,041 | 10,019 | 1,892 | 1,14,930 | 1,44,863 | 1,33,888 | 1,63,824 | ||
Assets | ||||||||||
| Non Current Asset + | 8,306 | 7,790 | 8,023 | 1,048 | 98,188 | 1,27,934 | 1,21,862 | 1,46,542 | ||
| Current Asset + | 2,236 | 2,250 | 1,997 | 844 | 16,741 | 16,929 | 12,026 | 17,282 | ||
| Total Assets ⓘ | 10,542 | 10,041 | 10,019 | 1,892 | 1,14,930 | 1,44,863 | 1,33,888 | 1,63,824 | ||
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 30 | -49 | -128 | -414 | 2,055 | -678 | -10,089 | -15,439 |
| Cash Flow From Investing Activity ⓘ | 430 | 659 | -19 | -100 | -1,166 | 1,441 | 6,406 | -5,697 |
| Cash Flow From Financing Activity ⓘ | -5 | -613 | -100 | 462 | -889 | -753 | 3,968 | 21,454 |
| Net Cash Flow ⓘ | 454 | -3 | -246 | -52 | -0 | 11 | 285 | 318 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 425.90 | 148.30 | 117.30 | 33.90 | 154.60 | 2.50 | 2.50 | 2.50 | ||
| DPS (₹) | 0 | 0 | 0 | 0 | 4,400 | 0 | 0.50 | 0.60 | ||
| BVPS (₹) | 49014.2 | 49163.2 | 49282.6 | 6737.1 | 533498.8 | 219 | 194.4 | 204.5 | ||
Performance Ratios | ||||||||||
| ROA (%) | 0.8 | 0.3 | 0.2 | 0.1 | 0.1 | 1.2 | 1.2 | 1.1 | ||
| ROE (%) | 0.9 | 0.3 | 0.2 | 0.1 | 0.1 | 1.3 | 1.2 | 1.2 | ||
| ROCE (%) | 1.1 | 1.1 | 1.2 | 0.8 | 0.1 | 1.6 | 1.5 | 2.1 | ||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.6 | 1.2 | 1.1 | ||
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JIO Financial Services Ltd FAQs
The current trading price of JIO Financial Serv. on 18-Sep-2026 16:59 is ₹231.4.
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 17-Sep-2026 the market cap of JIO Financial Serv. stood at ₹1,52,796.7 Cr
The latest P/E ratio of JIO Financial Serv. as of 17-Sep-2026 is 213.8.
The latest P/B ratio of JIO Financial Serv. as of 17-Sep-2026 is 4.58.
The 52-week high of JIO Financial Serv. is ₹321.6 and the 52-week low is ₹223.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JIO Financial Serv. is ₹1,034 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that JIO Financial Services Ltd is a average quality company.
The key valuation ratios of JIO Financial Services Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of JIO Financial Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About JIO Financial Services Ltd
Jio Financial Services (JFSL) was originally incorporated as Reliance Strategic Investments Private Limited on July 22, 1999 under the Companies Act 1956. Subsequently, the name of the company was changed to Reliance Strategic Investments Limited and a fresh certificate of incorporation was issued on January 14, 2002. The name of the Company was further changed to “Jio Financial Services Limited” and a fresh certificate of incorporation was issued on July 25, 2023. The company is a systemically important non-deposit taking Non-Banking Financial Company registered with the Reserve Bank of India.
It cares about a financially secure and prosperous future for all Indians. Its vision is to digitally deliver range of financial products to promote the financial well-being of the people of India.
Business area of the company
The company operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).
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