Jio Financial Services Ltd

Jio Financial Services Ltd

₹ 380 2.54%
22 Apr 12:35 p.m.
About

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]Jio Financial Serv

Key Points

Group Structure[1]
As of H1FY24, Jio Financial Services Ltd. is the holding company for Jio Finance Ltd., Jio Insurance Broking Ltd., Jio Payments Bank, Jio Payment Solutions Ltd., Reliance Industrial
Investment Holdings Ltd., and Proposed
AMC Business (JV with Blackrock).

  • Market Cap 2,41,107 Cr.
  • Current Price 380
  • High / Low 385 / 203
  • Stock P/E 630
  • Book Value 38.5
  • Dividend Yield 0.00 %
  • ROCE 2.16 %
  • ROE 1.58 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 24.2% CAGR over last 5 years

Cons

  • Stock is trading at 9.96 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.46% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3 35 18 215 149 134 141
0 4 1 6 22 33 33
Operating Profit 3 31 17 209 127 101 107
OPM % 93% 88% 94% 97% 85% 75% 76%
-0 -0 3 -0 -0 -0 -0
Interest -0 -0 -0 10 -0 -0 -0
Depreciation -0 -0 -0 3 3 3 3
Profit before tax 3 31 20 196 124 98 104
Tax % 26% 74% -16% 26% 28% 28% 25%
2 8 23 145 89 70 78
EPS in Rs 0.14 0.11 0.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 -105 349 303 149 45 638
0 16 28 82 7 6 94
Operating Profit 3 -121 322 221 141 39 544
OPM % 94% 92% 73% 95% 88% 85%
0 0 -0 8 35 10 -0
Interest 1 248 128 111 -0 -0 10
Depreciation -0 -0 -0 -0 -0 -0 12
Profit before tax 2 -369 194 118 177 49 521
Tax % -15% -9% -19% -4% 5% 37% 27%
2 -402 230 123 168 31 382
EPS in Rs 0.60
Dividend Payout % -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 28%
TTM: 1323%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 46%
TTM: 1421%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 1%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 2 2 2 2 2 6,353
Reserves 21 1,705 1,935 2,058 2,226 24,052 18,084
Preference Capital -0 0 0 -0 -0 -0
17 2,321 2,420 -0 -0 743 -0
0 72 427 0 0 6 37
Total Liabilities 39 4,100 4,783 2,060 2,228 24,803 24,474
-0 -0 -0 -0 -0 49 37
CWIP -0 -0 -0 -0 -0 -0 -0
Investments 37 3,144 206 57 181 19,401 19,720
2 956 4,577 2,003 2,047 5,354 4,718
Total Assets 39 4,100 4,783 2,060 2,228 24,803 24,474

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 -1 2,434 123 2,055 -283
-0 -2 163 -123 -1,166 1,041
-2 3 -2,597 -0 -889 -753
Net Cash Flow -0 -0 -0 0 -0 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 49 -108 8 -0 -0 -0 -0
Inventory Days -0
Days Payable
Cash Conversion Cycle 49 -108 8 -0 -0 -0 -0
Working Capital Days 189 3,231 -256 57 99 2,862 8
ROCE % -6% 8% 7% 8% 0%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2023Dec 2023Mar 2024
46.77% 47.12% 47.12%
21.58% 19.83% 19.45%
13.64% 12.99% 12.50%
0.13% 0.14% 0.14%
17.86% 19.92% 20.77%
No. of Shareholders 39,83,14440,83,12943,99,041

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents