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 ₹ 1,48,457 Cr.
- Current Price ₹ 234
- High / Low ₹ 395 / 217
- Stock P/E 92.4
- 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.
- Stock is trading at 1.08 times its book value
- 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 100 LargeCap TMC Index BSE 250 LargeMidCap Index Nifty LargeMidcap 250 BSE SENSEX 50 Nifty Services Sector
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: | -30% |
| 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 - Intimation
1d - Participation in IIFL's Investors' Conference on February 26.
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Update On Institutional Investors' Meeting
2d - Update on Institutional Investors’ Meeting participation.
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Update On Institutional Investors'' Meeting
17 Feb - Update on Institutional Investors’ Meeting participation.
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Update On Institutional Investors' Meeting
13 Feb - Update on Institutional Investors’ Meeting participation.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Feb - The Company executives will be participating in the Institutional Investors' Meeting organised by third party: 1. Citi's 2025 India Investor Conference on February 13, 2025 …
Annual reports
Concalls
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Jan 2025Transcript PPT
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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]