Jio Financial Services Ltd
JIOFIN NSE
Jio Financial Services Ltd
Financial Services F&ONSE: JIOFIN BSE: 543940 NBFC
Key Fundamentals
LargecapNBFCFinancial ServicesMarket Cap
1.6L Cr
Volatility
Moderate
P/E Ratio
76.81
EBITDA
₹2,334 Cr
Return on Equity
1.17%
Debt to Equity
0.16
Book Value
₹208.7
EPS
₹2.5
52W High
₹333.7
52W Low
₹223.3
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Jio Financial Services Ltd insights
36 extracted metrics + investor summaries across FY23–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Stock is trading at 1.19 times its book value
- Company is expected to give good quarter
- Promoter holding has increased by 2.01% over last quarter.
Weaknesses
1- Company has a low return on equity of 1.23% over last 3 years.
Growth Rate
Revenue Growth
70.41% ↘
Net Income Growth
-3.21% ↘
Cash Flow Change
-53.03% ↘
ROE
-10.69% ↘
ROCE
13.42% ↘
EBITDA Margin (Avg.)
-13.54% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk high
Jio Financial Services, with a market cap of approximately ₹1.71 lakh crore, is in an early-stage buildout phase across lending, payments, insurance, and asset management. TTM revenue grew 119% and profit grew 29%, but ROE remains low at ~1.2% over 3 years, and the stock has declined 23% over the past year despite rapid operational scaling.
Bull Case 8
- Revenue growing at 119% TTM and compounded sales growth of 328% over 3 years, indicating rapid top-line scaling across business verticals
- Jio Credit AUM surged 163% YoY to ₹30,667 crore as of June 2026, with loan disbursements up 173% YoY to ₹11,252 crore in Q1 FY27
- Bank of America investing up to ₹18,268 crore for 49.9% stake in Jio Credit, validating the lending platform and bringing global expertise
- Q1 FY27 consolidated net profit jumped 155-156% YoY to ₹830 crore, with total income (ex-dividends) up 141% YoY to ₹1,496 crore
- Promoter holding increased by 2.01% over last quarter to 49.13%, signaling promoter confidence and capital commitment via ₹3,956 crore infusion
- Jio BlackRock AMC AUM reached ₹15,200 crore with rising retail participation, adding diversification beyond lending
- Price-to-book ratio of 1.22x is relatively modest for a financial services platform with the Reliance ecosystem backing
- Company expected to deliver a good upcoming quarter based on operational momentum across payments, insurance, and credit businesses
Bear Case 8
- Return on equity of just 1.23% over the last 3 years, indicating the large capital base is not yet generating adequate returns
- Stock has declined 23% over the past 1 year, reflecting market skepticism about near-term profitability relative to valuation
- PE ratio of 81.5x is elevated for a company with sub-2% ROE, leaving limited margin of safety if growth disappoints
- FY26 full-year net profit declined 3.2% YoY to ₹1,561 crore despite 78% growth in total income, as costs grew faster than revenue
- Q4 FY26 net profit fell 14% YoY to ₹272 crore even as revenue surged 106%, showing profitability pressure from investment-phase expenses
- Dividend yield of just 0.23% offers negligible income to shareholders while the company reinvests aggressively
- Most business lines — payments, insurance, broking, AMC — are pre-profitability or early-stage, creating execution and timeline uncertainty
- Intense competition from established NBFCs, banks, fintechs (Bajaj Finance, SBI Cards, Paytm) who already have scale and brand recall in lending and payments
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 20h ago Positives 2
- BofA $1.9B stake in lending arm Aug 13
Bank of America to invest up to ₹18,268 crore for 49.9% stake in Jio Credit Limited through ₹6,613 crore equity and ₹11,655 crore warrants convertible within 18 months. JCL's AUM stood at ₹30,667 crore as of June 30, 2026.
- FY26 dividend record date set Jul 31
Record date fixed at August 10, 2026 for FY25-26 dividend eligibility. AGM scheduled for August 26, 2026.
Neutral 2
- Motilal Oswal conference participation Aug 12
Jio Financial executives to present at Motilal Oswal's 22nd Annual Global Investor Conference on August 17, 2026 in Mumbai.
- FY26 BRSR report filed Aug 3
ESG filing shows 43% reduction in Scope 1 & 2 emissions to 45.22 metric tons and ₹4.61 crore CSR spend for FY26.
TL;DR: Jio Financial Services secured a landmark strategic partnership with Bank of America investing up to ₹18,268 crore in its lending subsidiary, validating its digital lending platform and providing significant growth capital. No material headwinds are visible in recent news flow. The BofA deal, combined with ₹30,667 crore AUM already built in JCL, signals accelerating momentum in the lending business, and the trend is clearly improving heading into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 414 | 608 | 414 | 418 | 418 | 694 | 438 | 493 | 612 | 981 | 901 | 1,019 | 2,004 |
| Expenses | 38 | 66 | 94 | 98 | 74 | 140 | 125 | 155 | 156 | 293 | 346 | 414 | 607 |
| Operating Profit | 376 | 542 | 320 | 320 | 344 | 553 | 313 | 338 | 457 | 688 | 555 | 605 | 1,397 |
| OPM % | 91% | 89% | 77% | 77% | 82% | 80% | 71% | 69% | 75% | 70% | 62% | 59% | 70% |
| Other Income | 67 | 218 | 67 | 78 | 62 | 226 | 70 | 71 | 67 | 238 | 36 | 40 | 0 |
| Interest | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 99 | 136 | 212 | 298 | 418 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 8 | 8 | 9 |
| PBT | 427 | 754 | 381 | 393 | 400 | 773 | 377 | 396 | 419 | 783 | 371 | 339 | 970 |
| Tax % | 22% | 11% | 23% | 21% | 22% | 11% | 22% | 20% | 23% | 11% | 28% | 20% | 14% |
| Net Profit | 332 | 668 | 294 | 311 | 313 | 689 | 295 | 316 | 325 | 695 | 269 | 272 | 830 |
| EPS in Rs | — | 1.05 | 0.46 | 0.49 | 0.49 | 1.08 | 0.46 | 0.5 | 0.51 | 1.09 | 0.42 | 0.43 | 1.26 |
Profit & Loss
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 45 | 1,855 | 2,043 | 3,521 | 4,905 |
| Expenses | 6 | 296 | 495 | 1,208 | 1,660 |
| Operating Profit | 39 | 1,559 | 1,549 | 2,312 | 3,245 |
| OPM % | 88% | 84% | 76% | 66% | 66% |
| Other Income | 10 | 429 | 428 | 374 | 314 |
| Interest | 0 | 10 | 8 | 745 | 1,065 |
| Depreciation | 0 | 22 | 23 | 29 | 33 |
| PBT | 49 | 1,956 | 1,947 | 1,912 | 2,462 |
| Tax % | 37% | 18% | 17% | 18% | — |
| Net Profit | 31 | 1,605 | 1,613 | 1,561 | 2,066 |
| EPS in Rs | — | 2.53 | 2.54 | 2.46 | 3.2 |
| Div. Payout % | 0% | 0% | 20% | 24% | — |
Balance Sheet
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 2 | 6,353 | 6,353 | 6,353 |
| Reserves | 1,14,118 | 1,32,794 | 1,17,143 | 1,27,500 |
| Borrowings | 743 | 0 | 3,970 | 21,768 |
| Other Liabilities | 66 | 5,715 | 6,033 | 7,845 |
| Total Liabilities | 1,14,930 | 1,44,863 | 1,33,500 | 1,63,467 |
| Fixed Assets | 158 | 172 | 180 | 326 |
| CWIP | 38 | 3 | 14 | 105 |
| Investments | 1,08,141 | 1,33,292 | 1,18,910 | 1,33,089 |
| Other Assets | 6,593 | 11,395 | 14,395 | 29,947 |
| Total Assets | 1,14,930 | 1,44,863 | 1,33,500 | 1,63,467 |
Cash Flow
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Operating | 2,055 | -678 | -10,089 | -15,439 |
| Investing | -1,110 | 1,441 | 6,406 | -5,652 |
| Financing | -889 | -753 | 3,968 | 21,454 |
| Net Cash Flow | 56 | 11 | 285 | 363 |
| Free Cash Flow | 2,055 | -678 | -10,089 | -15,439 |
| CFO/OP | 5,231 | -22 | -633 | -656 |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 113 | 3 | 3 | 6 |
| Cash Conversion Cycle | 113 | 3 | 3 | 6 |
| Working Capital Days | 3,644 | 21 | -37 | -112 |
| ROCE % | — | 2% | 1% | 2% |
Documents
1
Announcement under Regulation 30 (LODR)-Acquisition
6 May - On May 6, 2026, invested Rs 300 crore in wholly owned subsidiary JFPSL. 6 May - On May 6, 2026, invested Rs 300 crore in wholly owned subsidiary JFPSL.
2
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
23 Apr - 25 crore shares allotted on warrant conversion to SPTL and JUPL; promoter holding rose to 49.13%. 23 Apr - 25 crore shares allotted on warrant conversion to SPTL and JUPL; promoter holding rose to 49.13%.
3
Joint Venture With Allianz Europe B.V. For General Insurance Business In India
22 Apr - JFSL approved binding 50:50 general insurance JV with Allianz; launch awaits regulatory approvals. 22 Apr - JFSL approved binding 50:50 general insurance JV with Allianz; launch awaits regulatory approvals.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 Apr - Jio Financial and Allianz signed 50:50 general insurance JV; launch awaits statutory and regulatory approvals. 22 Apr - Jio Financial and Allianz signed 50:50 general insurance JV; launch awaits statutory and regulatory approvals.
5
Announcement under Regulation 30 (LODR)-Allotment
21 Apr - On April 21, 2026, Jio Financial allotted 25 crore shares on warrant conversion, raising promoter holding to 49.13%. 21 Apr - On April 21, 2026, Jio Financial allotted 25 crore shares on warrant conversion, raising promoter holding to 49.13%.
1
Update On Institutional Investors Meeting - Motilal OswalS 22Nd Annual Global Investor Conference 2026 17 Aug 2026
General_Announcements
2
Presentation On Item Nos. 6 And 7 Of The Notice Of 3Rd Annual General Meeting (Post Listing) Of The Company 14 Aug 2026
General_Announcements
Frequently Asked Questions about Jio Financial Services Ltd
What does Jio Financial Services Ltd do?
JFSL was originally incorporated as Reliance Strategic Investments Private Limited in July, 1999 under the Companies Act 1956. Jio Financial Services Limited was incorporated in July, 23. JFSL is a NBFC-ND-SI registered with RBI. The company is a holding company and will operate its financial s...
Where is Jio Financial Services Ltd (JIOFIN) listed?
Jio Financial Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: JIOFIN and BSE: 543940. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jio Financial Services Ltd belong to?
Jio Financial Services Ltd operates in the Financial Services sector within the NBFC industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jio Financial Services Ltd?
Jio Financial Services Ltd has a market capitalisation of approximately ₹162965.54 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Jio Financial Services Ltd?
The Price-to-Earnings (PE) ratio of Jio Financial Services Ltd is 76.81. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jio Financial Services Ltd?
Over the past 52 weeks, Jio Financial Services Ltd has traded between a low of ₹223.3 and a high of ₹333.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Jio Financial Services Ltd pay dividends?
Yes, Jio Financial Services Ltd has a dividend yield of 0.24%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Jio Financial Services Ltd?
Jio Financial Services Ltd has a Return on Equity (ROE) of 1.17%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jio Financial Services Ltd on Tapetide?
On Tapetide, you can view Jio Financial Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
JFSL was originally incorporated as Reliance Strategic Investments Private Limited in July, 1999 under the Companies Act 1956. Jio Financial Services Limited was incorporated in July, 23. JFSL is a NBFC-ND-SI registered with RBI. The company is a holding company and will operate its financial services business through its consumer-facing subsidiaries namely Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), and Jio Payment Solutions Limited (JPSL) and joint venture namely Jio Payments Bank Limited (JPBL).[1]