Jio Financial Services Ltd

Jio Financial Services Ltd

₹ 299 3.02%
22 Feb 12:49 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 1,89,868 Cr.
  • Current Price 299
  • High / Low 301 / 203
  • Stock P/E 7,552
  • Book Value 182
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Earnings include an other income of Rs.10.1 Cr.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023
414 608 414
38 66 94
Operating Profit 376 542 320
OPM % 91% 89% 77%
67 218 67
Interest 10 0 0
Depreciation 5 5 5
Profit before tax 427 754 381
Tax % 22% 11% 23%
332 668 294
EPS in Rs 1.05 0.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
45
6
Operating Profit 39
OPM % 88%
10
Interest 0
Depreciation 0
Profit before tax 49
Tax % 37%
31
EPS in Rs
Dividend Payout % 0%
Compounded Sales Growth
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Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Sep 2023
Equity Capital 2 6,353
Reserves 114,118 109,278
743 0
66 3,967
Total Liabilities 114,930 119,598
158 186
CWIP 38 0
Investments 108,141 112,490
6,593 6,922
Total Assets 114,930 119,598

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
2,055
-1,103
-889
Net Cash Flow 63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
Debtor Days 113
Inventory Days
Days Payable
Cash Conversion Cycle 113
Working Capital Days 3,644
ROCE %

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2023Dec 2023
46.77% 47.12%
21.58% 19.83%
13.64% 12.99%
0.13% 0.14%
17.86% 19.92%
No. of Shareholders 39,83,14440,83,129

* 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