Jio Financial Services Ltd
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
- Market Cap ₹ 1,92,187 Cr.
- Current Price ₹ 303
- High / Low ₹ 368 / 199
- Stock P/E 119
- Book Value ₹ 194
- Dividend Yield 0.00 %
- ROCE 1.47 %
- ROE 1.23 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
* 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
Financial Services Financial Services Finance Investment Company
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 45 | 1,855 | 2,043 | |
| 6 | 296 | 495 | |
| Operating Profit | 39 | 1,559 | 1,548 |
| OPM % | 88% | 84% | 76% |
| 10 | 429 | 429 | |
| Interest | 0 | 10 | 8 |
| Depreciation | 0 | 22 | 23 |
| Profit before tax | 49 | 1,956 | 1,947 |
| Tax % | 37% | 18% | 17% |
| 31 | 1,605 | 1,613 | |
| EPS in Rs | 2.53 | 2.54 | |
| Dividend Payout % | 0% | 0% | 20% |
| Compounded Sales Growth | |
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| TTM: | 10% |
| Compounded Profit Growth | |
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| TTM: | 1% |
| Stock Price CAGR | |
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| 1 Year: | -14% |
| Return on Equity | |
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| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 2 | 6,353 | 6,353 |
| Reserves | 114,118 | 132,794 | 117,143 |
| 743 | 0 | 3,970 | |
| 66 | 5,715 | 6,043 | |
| Total Liabilities | 114,930 | 144,863 | 133,510 |
| 158 | 172 | 188 | |
| CWIP | 38 | 3 | 7 |
| Investments | 108,141 | 133,292 | 118,910 |
| 6,593 | 11,395 | 14,405 | |
| Total Assets | 114,930 | 144,863 | 133,510 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 2,055 | -678 | -10,083 | |
| -1,110 | 1,441 | 6,406 | |
| -889 | -753 | 3,962 | |
| Net Cash Flow | 56 | 11 | 285 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 113 | 3 | 3 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 113 | 3 | 3 |
| Working Capital Days | 3,644 | 21 | -44 |
| ROCE % | 2% | 1% |
Documents
Announcements
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Update On Institutional Investors'' Meeting
2 Jun - Jio Financial updated on June 2 Bank of America investor meeting, no sensitive info shared.
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Update On Institutional Investors' Meeting
29 May - Jio Financial updated on May 28-29 Citi investor meeting; no unpublished info shared.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report confirms full SEBI compliance for FY ended March 31, 2025.
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Intimation Of Grant Of Certificate Of Registration To Jio Blackrock Mutual Fund By SEBI
27 May - SEBI grants registration to Jio BlackRock Mutual Fund and approves its Asset Management Company.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 May - The Company executives will be participating in the Institutional Investors'' Meeting organised by third party - Bank of America's 2025 India Conference on June 2, …
Annual reports
Concalls
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Apr 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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Apr 2024Transcript PPT
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Apr 2024TranscriptPPT
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
Overview
The financial services business Reliance Industries Ltd got demerged into Jio Financial Services. [1] [2]
In July,24, the company received the final approval from the RBI to become a Core Investment Company - Non-Deposit taking - Systemically important Company from an NBFC. [3]