Jio Financial Services Limited (IN:JIOFIN)
:JIOFIN
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Jio Financial Services Limited
(JIOFIN)
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Rating:55Neutral
Price Target:
₹243.00
▼(-19.47% Downside)
Action:ReiteratedDate:04/21/26
The score is driven primarily by mixed financial quality: strong reported profitability and a conservative balance sheet are offset by low ROE and historically volatile cash generation. Technicals are mildly negative with the stock below key longer-term moving averages and a negative MACD. Valuation is the biggest drag due to the very high P/E and minimal dividend yield.
Positive Factors
Conservative balance sheet
Modest leverage and a large equity base provide durable financial flexibility for a financial-services firm. Low debt reduces refinancing and solvency risk, supports steady regulatory capital readiness, and enables funding of lending growth or strategic investments without straining liquidity.
Negative Factors
Very low ROE
An ROE near 1.2% signals the firm is not efficiently converting its sizeable equity base into shareholder returns. Persistently low ROE can constrain long-term investor returns, raise questions about capital allocation priorities, and limit the compound growth potential of equity capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Modest leverage and a large equity base provide durable financial flexibility for a financial-services firm. Low debt reduces refinancing and solvency risk, supports steady regulatory capital readiness, and enables funding of lending growth or strategic investments without straining liquidity.
Read all positive factors
Jio Financial Services Limited (JIOFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.57T
Dividend Yield0.17%
Average Volume (3M)778.45K
Price to Earnings (P/E)91.1
Beta (1Y)1.43
Revenue Growth70.41%
EPS Growth-3.14%
CountryIN
Employees9
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)2.56
Shares Outstanding6,353,141,600
10 Day Avg. Volume873,636
30 Day Avg. Volume778,448
Financial Highlights & Ratios
PEG Ratio-28.92
Price to Book (P/B)1.06
Price to Sales (P/S)40.14
P/FCF Ratio133.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.6
Revenue Forecast (FY)₹45.64B
Jio Financial Services Limited Business Overview & Revenue Model
Company Description
Jio Financial Services Limited operates as a non-deposit taking non-banking financial company in India. It offers digital financial products and services. The company was formerly known as Reliance Strategic Investments Limited and changed its nam...
How the Company Makes Money
Jio Financial Services Limited makes money primarily through financial-services income streams generated by its subsidiaries/ventures and investment activities. Key revenue sources generally include: (1) Lending/financing income: interest income e...
Jio Financial Services Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.89B | 35.43B | 17.67B | 17.98B | 234.80M | 1.90B |
| Gross Profit | 22.37B | 27.39B | 17.20B | 17.50B | 234.80M | 1.90B |
| EBITDA | 20.00B | 19.41B | 19.77B | 19.88B | 493.40M | 1.77B |
| Net Income | 16.31B | 15.61B | 16.13B | 16.05B | 312.50M | 1.68B |
Balance Sheet | ||||||
| Total Assets | 1.52T | 1.63T | 1.34T | 1.45T | 1.15T | 222.81M |
| Cash, Cash Equivalents and Short-Term Investments | 8.10B | 35.98B | 39.59B | 165.19B | 60.44B | 51.00K |
| Total Debt | 105.06B | 217.68B | 9.83B | 1.31B | 7.43B | 404.00M |
| Total Liabilities | 177.13B | 296.43B | 100.13B | 57.15B | 8.09B | 900.00K |
| Stockholders Equity | 1.35T | 1.34T | 1.23T | 1.39T | 1.14T | 22.28B |
Cash Flow | ||||||
| Free Cash Flow | -46.64B | 10.63B | -101.25B | -6.78B | 20.55B | 12.30M |
| Operating Cash Flow | -46.15B | 11.69B | -100.83B | -6.78B | 20.55B | 12.30M |
| Investing Cash Flow | -55.54B | -223.70B | 64.06B | 14.41B | -11.66B | -12.29M |
| Financing Cash Flow | 98.80B | 214.54B | 39.62B | -7.53B | -8.89B | 0.00 |
Jio Financial Services Limited Technical Analysis
Neutral
301.75
Price Trends
247.57
Negative
269.24
Negative
291.88
Negative
Market Momentum
-1.16
Negative
52.29
Neutral
76.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JIOFIN, the sentiment is Neutral. The current price of 301.75 is above the 20-day moving average (MA) of 237.20, above the 50-day MA of 247.57, and above the 200-day MA of 291.88, indicating a neutral trend. The MACD of -1.16 indicates Negative momentum. The RSI at 52.29 is Neutral, neither overbought nor oversold. The STOCH value of 76.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JIOFIN.
Jio Financial Services Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹1.16T | 33.19 | ― | 0.83% | 13.84% | 15.97% | |
81 Outperform | ₹293.49B | 26.02 | ― | 3.09% | 3.71% | 4.64% | |
77 Outperform | ₹645.58B | 33.33 | ― | 2.14% | 16.36% | 18.30% | |
71 Outperform | ₹298.68B | 63.41 | ― | 0.43% | 27.81% | 32.09% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | ₹420.48B | 33.34 | ― | 1.02% | 21.60% | 11.09% | |
55 Neutral | ₹1.57T | 91.10 | ― | 0.17% | 70.41% | -3.14% |
* Financial Sector Average
IN:JIOFIN
Jio Financial Services Limited
246.40
-13.89
-5.34%
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Jio Financial Services Limited Corporate Events
Jio Financial Services Posts Analyst Call Recording on FY26 Results
Apr 17, 2026
Jio Financial Services Limited has informed stock exchanges that the audio and video recording of its presentation to analysts on the audited consolidated and standalone financial results for the quarter and year ended March 31, 2026, has been mad...
Jio Financial Services to Brief Analysts on FY 2026 Results on April 17
Apr 13, 2026
Jio Financial Services Limited has scheduled an analyst presentation to discuss its financial results for the quarter and full year ended March 31, 2026. The session will be held on April 17, 2026 at 19:30 IST, following a meeting of the company&#...
Jio Financial Arm Boosts Investment in Reliance International Leasing JV
Mar 25, 2026
Jio Leasing Services Limited, a wholly owned subsidiary of Jio Financial Services, has increased its investment in Reliance International Leasing IFSC Private Limited, a 50:50 joint venture with Reliance Strategic Business Ventures. Jio Leasing su...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.