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 ₹ 1,93,330 Cr.
- Current Price ₹ 304
- High / Low ₹ 395 / 231
- Stock P/E 368
- Book Value ₹ 39.1
- 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 is expected to give good quarter
- Company has delivered good profit growth of 24.2% CAGR over last 5 years
Cons
- Stock is trading at 7.79 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 1.47% 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
Part of Nifty Total Market BSE 250 LargeMidCap Index BSE 100 LargeCap TMC Index BSE 500 Nifty LargeMidcap 250
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 3 | -105 | 349 | 303 | 149 | 45 | 638 | 791 | |
| 0 | 16 | 28 | 82 | 7 | -4 | 94 | 151 | |
| Operating Profit | 3 | -121 | 322 | 221 | 141 | 49 | 544 | 640 |
| OPM % | 94% | 92% | 73% | 95% | 110% | 85% | 81% | |
| 0 | 0 | 0 | 8 | 35 | 0 | 0 | 0 | |
| Interest | 1 | 248 | 128 | 111 | 0 | 0 | 10 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 12 |
| Profit before tax | 2 | -369 | 194 | 118 | 177 | 49 | 521 | 628 |
| Tax % | -15% | 9% | -19% | -4% | 5% | 37% | 27% | |
| 2 | -402 | 230 | 123 | 168 | 31 | 382 | 525 | |
| EPS in Rs | 0.60 | 0.82 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| TTM: | 90% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 46% |
| TTM: | 98% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 29% |
| 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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 2 | 2 | 2 | 2 | 2 | 6,353 | 6,353 |
| Reserves | 21 | 1,705 | 1,935 | 2,058 | 2,226 | 24,052 | 18,084 | 18,460 |
| 17 | 2,322 | 2,421 | 0 | 0 | 743 | 0 | 0 | |
| 0 | 72 | 426 | 0 | 0 | 6 | 37 | 86 | |
| Total Liabilities | 39 | 4,100 | 4,783 | 2,060 | 2,228 | 24,803 | 24,474 | 24,899 |
| 0 | 0 | 0 | 0 | 0 | 49 | 37 | 31 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 37 | 3,144 | 206 | 57 | 181 | 19,401 | 19,720 | 23,952 |
| 2 | 956 | 4,577 | 2,003 | 2,047 | 5,354 | 4,718 | 917 | |
| Total Assets | 39 | 4,100 | 4,783 | 2,060 | 2,228 | 24,803 | 24,474 | 24,899 |
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 | 2,053 | -283 | ||
| -0 | -2 | 163 | -123 | -1,164 | 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 | 829 | 9 |
| ROCE % | -6% | 8% | 7% | 8% | 0% | 2% |
Documents
Announcements
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Jio Payment Solutions Limited Has Received Certificate Of Authorisation To Operate As An ''Online Payment Aggregator''
29 Oct - JPSL authorized as Online Payment Aggregator by RBI.
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Announcement under Regulation 30 (LODR)-Acquisition
29 Oct - Incorporation of Jio BlackRock Asset Management and Trustee companies.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Oct - Launch of SmartGold investment via JioFinance app.
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Cancellation And Reduction Of The Share Capital Of The Company Consequent To The Forfeiture And Cancellation Of Partly Paid-Up Equity Shares By Reliance Industries Limited
23 Oct - Cancellation of 1,42,565 partly paid-up equity shares.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 Oct - Transcript of Q2 FY2024-25 financial results presentation.
Annual reports
Concalls
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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]