Jio Financial Services Ltd

Jio Financial Services Ltd

₹ 388 1.37%
23 Apr - close price
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 2,46,443 Cr.
  • Current Price 388
  • High / Low 395 / 203
  • Stock P/E 154
  • Book Value 219
  • Dividend Yield 0.00 %
  • ROCE 1.55 %
  • ROE 1.27 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024
414 608 414 418
38 66 94 98
Operating Profit 376 542 320 320
OPM % 91% 89% 77% 77%
67 218 67 78
Interest 10 0 0 0
Depreciation 5 5 5 5
Profit before tax 427 754 381 393
Tax % 22% 11% 23% 21%
332 668 294 311
EPS in Rs 1.05 0.46 0.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
45 1,854
6 296
Operating Profit 39 1,558
OPM % 88% 84%
10 429
Interest 0 10
Depreciation 0 22
Profit before tax 49 1,956
Tax % 37% 18%
31 1,605
EPS in Rs 2.53
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 4034%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 6282%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
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
Equity Capital 2 6,353
Reserves 114,118 132,794
743 0
66 5,715
Total Liabilities 114,930 144,863
158 175
CWIP 38 0
Investments 108,141 133,292
6,593 11,396
Total Assets 114,930 144,863

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
2,055 -678
-1,103 1,441
-889 -753
Net Cash Flow 63 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 4
ROCE %

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