December 6, 2024
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Jio Financial Services Share Price Target 2025, 2026, 2028, 2030, 2040, and 2050

We have brought for you analysis based detailed report for Jio Financial Services share price target 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 NameJio Financial Services Ltd
SectorFinancial Services
EstablishedJuly 22, 1999,
Websitewww.jfs.in
Market Cap₹ 2,42,886 Cr.
Advances₹ 0 Cr.
No. of Shares635.33 Cr.
P/E Ratio (TTM)136.36
P/B Ratio 1.58
52 Week HighRs 394.70
52 Week LowRs 202.80
Face Value10
Dividend Yield00.00%
Book Value₹ 119.02
Net Profit₹ 382.47 Cr.
Profit Growth1123.90%
EPS (TTM) 2.53
Sales Growth1432.69%
ROE1.15%
ROCE2.17%

Jio Financial Services Profit/Loss – Last 5 Years Report

Income Report

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Revenue From Operations [Gross]638.0641.63148.61295.18349.25
Revenue From Operations [Net]638.0641.63148.61295.18349.25
Total Operating Revenues638.0641.63148.61295.18349.25
Other Income0.003.2135.6515.630.00
Total Revenue638.0644.84184.26310.81349.25

Expenses

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Employee Benefit Expenses42.730.000.000.000.00
Finance Costs10.270.000.00110.57127.76
Provisions and Contingencies0.00-10.060.000.000.00
Depreciation And Amortisation Expenses12.310.000.000.000.00
Other Expenses51.755.567.3982.1827.66
Total Expenses117.06-4.507.39192.75155.42

Jio Financial Services Profit/Loss

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax521.0049.34176.87118.06193.83
Profit/Loss Before Tax521.0049.34176.87118.06193.83

Tax Expenses

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Current Tax138.5310.0010.203.4012.90
Deferred Tax0.009.39-1.37-8.71-49.01
Tax For Earlier Years0.00-1.300.000.310.00
Total Tax Expenses138.5318.098.83-5.00-36.11

Profit/Loss After Tax

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Profit/Loss After Tax And Before ExtraOrdinary Items382.4731.25168.04123.06229.94
Profit/Loss From Continuing Operations382.4731.25168.04123.06229.94
Profit/Loss For The Period382.4731.25168.04123.06229.94

Other Additional Information

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Basic EPS (Rs.)0.6060.46325.13238.101,138.21
Diluted EPS (Rs.)0.6060.46325.13238.10444.90

Dividend

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Equity Share Dividend0.00888.920.000.000.00
Equity Dividend Rate (%)0.0044,000.000.000.000.00

Jio Financial Services Balance Sheet – Last 5 Years Report

Equities and Liabilities

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Shareholder’s Funds
Equity Share Capital6,353.282.022.022.022.02
Total Share Capital6,353.282.022.022.022.02
Reserves and Surplus18,083.5317,698.642,225.702,057.971,934.91
Total Reserves and Surplus18,083.5317,698.642,225.702,057.971,934.91
Total Shareholders Funds24,436.8117,700.662,227.722,059.991,936.93
Equity Share Application Money0.006,353.280.000.000.00
Hybrid/Debt/Other Securities0.000.310.310.000.00
Non-Current Liabilities
Deferred Tax Liabilities [Net]17.184.080.000.004.77
Other Long Term Liabilities3.710.100.020.07344.84
Long Term Provisions12.931.810.000.0017.65
Total Non-Current Liabilities33.825.990.020.07367.26
Current Liabilities
Short Term Borrowings0.00742.770.000.002,420.25
Trade Payables2.390.000.000.000.04
Other Current Liabilities1.180.090.070.1758.96
Total Current Liabilities3.57742.860.070.172,479.25
Total Capital And Liabilities24,474.2024,803.102,228.122,060.234,783.44

Assets

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Non-Current Assets
Tangible Assets36.5338.930.000.000.00
Intangible Assets0.009.870.000.000.00
Fixed Assets36.5348.800.000.000.00
Deferred Tax Assets [Net]0.000.005.313.940.00
Other Non-Current Assets29.2523.9940.3947.340.00
Total Non-Current Assets65.7872.7945.7051.280.00
Current Assets
Current Investments19,719.9719,400.57180.9057.49206.09
Trade Receivables0.000.000.000.007.65
Cash And Cash Equivalents4,590.205,000.170.510.360.49
Short Term Loans And Advances92.000.002,001.001,951.094,400.15
Other Current Assets6.25329.570.010.01169.06
Total Current Assets24,408.4224,730.312,182.422,008.954,783.44
Total Assets24,474.2024,803.102,228.122,060.234,783.44

Other Additional Information

DescriptionMar 24Mar 23Mar 22Mar 21Mar 20
12 months12 mths12 mths12 mths12 mths12 mths
Contingent Liabilities, Commitments
Contingent Liabilities0.003.1918.776.677.12

Jio Financial Services Quarterly Report

Mar 24Dec 23Sep 23Jun 23
Sales +140.51134.08148.90214.57
Expenses +36.5036.3425.3418.88
EBITDA 3.063.093.103.06
EBIT 104.0197.74123.56205.96
Net Profit 77.7670.4888.76145.47
Profit Before Tax 104.0197.74123.56195.69
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 0.120.110.14720.14
Depreciation 5.3613.6613.2913.35
Dividends Per Share 0.000.000.000.00

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.

MonthMinimum Target (₹)Maximum Target (₹)
January210250
February255310
March310350
April356390
May380410
June390420
July398425
August405435
September415440
October416445
November420440
December425450

Jio Financial Services Share Price Target 2025

MonthMinimum Target (₹)Maximum Target (₹)
January440460
February445465
March450470
April455475
May460480
June465485
July470490
August475495
September480500
October485505
November490510
December495515

Jio Financial Services Share Price Target 2026

MonthMinimum Target (₹)Maximum Target (₹)
January520535
February525540
March535550
April540560
May545565
June555570
July560575
August565600
September575610
October580615
November590625
December600635

Jio Financial Services Share Price Target 2028

MonthMinimum Target (₹)Maximum Target (₹)
January710725
February715730
March720740
April730745
May730750
June735755
July740760
August750770
September755775
October760785
November770795
December790805

Jio financial services share prediction: expert opinion

Jio Financial Services Share Price Target 2030

MonthMinimum Target (₹)Maximum Target (₹)
January910935
February915945
March920950
April925955
May930960
June935965
July940970
August940975
September950985
October960990
November965990
December9751010

Jio Financial Services Share Price Target 2040

MonthMinimum Target (₹)Maximum Target (₹)
January15101535
February15151545
March15201550
April15251555
May15301560
June15351565
July15401570
August15401575
September15501585
October15601590
November15751597
December15841615
Jio Financial Services Share Price Target 2040

Jio Financial Services Share Price Target 2050

MonthMinimum Target (₹)Maximum Target (₹)
January22462262
February22532269
March22572274
April22632278
May22672286
June22712289
July22772296
August22812305
September22872309
October22912313
November22972320
December23042328
Jio Financial Services Share Price Target 2050

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.

Jio Financial Services Shareholding Pattern

Promoter 47.12%
Other Domestic Institutions 7.86%
Retail and Others20.83%
Foreign Institutions 19.45%
Mutual funds 4.74%
Total100.00

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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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.