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 ₹ 2,27,543 Cr.
- Current Price ₹ 358
- High / Low ₹ 395 / 203
- Stock P/E 595
- 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 9.31 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
- Closure of Trading Window 1d
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 24 Jun
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
24 Jun - Members on, June 22, 2024, approved through Postal Ballot, alteration to the Objects Clause of the Memorandum of Association of the Company
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Announcement under Regulation 30 (LODR)-Change in Management
19 Jun - The Board at its meeting held today i.e. June 19, 2024 on the recommendation of the Nomination and Remuneration Committee and Risk Management Committee of …
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Media Release
30 May - Media release by the Company, titled "Jio Financial Services Ltd. unveils ''JioFinance'' App in a beta version, marking a significant step forward in its digital …
Annual reports
No data available.
Concalls
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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
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).