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 ₹ 1,77,257 Cr.
- Current Price ₹ 279
- High / Low ₹ 395 / 237
- Stock P/E 110
- Book Value ₹ 216
- Dividend Yield 0.00 %
- ROCE 1.55 %
- ROE 1.27 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company's working capital requirements have reduced from 1,832 days to 20.6 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Part of BSE Diversified Financials Revenue Growth Index (I BSE 500 BSE 100 BSE 200 BSE Dollex 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 45 | 1,855 | 1,968 | |
| 6 | 296 | 437 | |
| Operating Profit | 39 | 1,559 | 1,531 |
| OPM % | 88% | 84% | 78% |
| 10 | 429 | 435 | |
| Interest | 0 | 10 | 0 |
| Depreciation | 0 | 22 | 22 |
| Profit before tax | 49 | 1,956 | 1,944 |
| Tax % | 37% | 18% | |
| 31 | 1,605 | 1,607 | |
| EPS in Rs | 2.53 | 2.52 | |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 4036% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 6282% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 2 | 6,353 | 6,353 |
| Reserves | 114,118 | 132,794 | 130,791 |
| 743 | 0 | 0 | |
| 66 | 5,715 | 7,078 | |
| Total Liabilities | 114,930 | 144,863 | 144,222 |
| 158 | 172 | 171 | |
| CWIP | 38 | 3 | 0 |
| Investments | 108,141 | 133,292 | 137,439 |
| 6,593 | 11,395 | 6,613 | |
| Total Assets | 114,930 | 144,863 | 144,222 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 2,055 | -678 | |
| -1,110 | 1,441 | |
| -889 | -753 | |
| Net Cash Flow | 56 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 113 | 3 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 113 | 3 |
| Working Capital Days | 3,644 | 21 |
| ROCE % | 2% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio/video recording of Q3 financial results presentation.
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Integrated Filing (Financial)
1d - Jio Financial Services announces Q3 FY2024 financial results.
- Unaudited Financial Results (Consolidated And Standalone) For The Quarter And Nine Months Ended December 31, 2024 1d
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Presentation to analysts on Unaudited Financial results (Consolidated and Standalone) for the quarter and nine months ended December 31, 2024
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Board Meeting Outcome for Unaudited Financial Results (Consolidated And Standalone) For The Quarter And Nine Months Ended December 31, 2024
1d - Unaudited financial results for Q3 and nine months ended December 31, 2024.
Annual reports
Concalls
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Jan 2025TranscriptNotesPPT
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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]