JIO Financial Services Ltd.

•

jfs.inBSE: 543940NSE: JIOFIN

Market Cap₹ 1,52,632 Cr.

Current Price

High / Low₹ 322 / 223

Stock P/E73.9

Book Value₹ 210

Price to Book1.10

Dividend Yield0.26 %

ROCE2.1 %

ROE1.2 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 131.1% CAGR over last 5 years
Asset quality is healthy - gross NPA of just 0.0%
Solid return on assets for a lender - ROA of 2.5%
Promoters have been increasing their shareholding - up 2.0pp over 2 years
Latest quarter profit grew 155.7% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years

CONS

Company has a low return on capital employed of 1.7%
Company has a low return on equity of 1.3% over last 3 years
Equity base is being diluted - shares outstanding up 314411.9%
Operating margins have contracted to 75.1% from 86.9%
Company's return on assets is weak at 1.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY FIN SERVICE NIFTY TOTAL MKT

S.No.	Name
1.	BAJFINANCE	1046.00	32.08	651234.82	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1038.00	21.58	244239.69	1.04	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1849.10	27.46	157925.34	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.95	28.51	154067.52	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	231.15	73.86	152631.62	0.26	830.25	155.73	2004.47	227.28	2.11	69.71
6.	BAJAJHLDNG	10971.00	13.79	122100.11	1.78	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2840.00	10.03	114017.05	1.06	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	400.00	26.68	109501.94	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	311.25	24.51	78010.22	0.88	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	666.00	27.86	63379.43	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	676.50	25.83	56201.25	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	SUNDARMFIN	4702.35	23.54	52244.92	0.85	636.19	33.88	2644.13	23.37	9.35	80.61

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	414	608	414	418	418	694	438	493	612	981	901	1,019	2,004
	38	66	94	98	74	140	125	155	156	293	346	414	1,016
Operating Profit	376	542	320	320	344	553	313	338	514	688	555	605	1,397
OPM %	90.78%	89.14%	77.38%	76.62%	82.30%	79.75%	71.49%	68.52%	83.93%	70.15%	61.60%	59.36%	69.71%
Other Income	0	0	1	0	0	0	11	25	7	21	0	1	0
Interest	10	0	0	0	0	0	0	8	99	136	212	298	418
Depreciation	5	5	5	5	5	6	6	6	6	8	8	8	9
	360	537	315	315	338	548	318	350	388	566	335	300	970
Tax %	26.47%	16.07%	27.80%	26.04%	25.93%	15.41%	25.91%	22.79%	24.34%	15.56%	30.47%	22.13%	14.38%
Net Profit	0	0	0	0	313	689	295	316	325	695	269	272	830
	642	1	0	0	0	1	0	0	1	1	0	0	0

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	378	394	2,387	3,331	57	1,854	2,043	3,513	4,905
	437	310	2,269	3,287	21	246	450	875	2,069
Operating Profit	-59	85	118	45	36	1,608	1,593	2,639	2,837
OPM %	-15.58%	21.51%	4.96%	1.34%	63.55%	86.74%	77.95%	75.11%	57.83%
	179	27	1	0	13	1	36	58	22
Interest	11	74	90	35	0	60	52	1,079	1,065
Depreciation	0	0	0	0	0	22	23	29	33
Profit before Tax	109	38	30	9	49	1,956	1,947	1,912	2,170
Tax %	20.82%	21.05%	20.09%	26.77%	36.66%	17.96%	17.17%	18.35%	18.24%
Net Profit	86	30	24	7	31	1,605	1,613	1,561	1,775
EPS	166.49	58.01	45.86	13.23	60.46	2.53	2.54	2.46	—
Dividend Payout %	—	0.00%	0.00%	0.00%	2846.89%	0.00%	19.70%	24.42%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 8%
3 Years:: 296%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 131%
3 Years:: 268%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -2%
1 Year:: -26%

RETURN ON EQUITY

10 Years:: —
5 Years:: 1%
3 Years:: 1%
Last Year:: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	6,353	6,353	6,353
Minority Interest	10	10	0	0	0	0
	9,899	9,929	1,07,765	1,32,794	1,17,143	1,23,544
	589	18	743	0	4,127	21,813
Trade Payables	1	1	16	16	33	97
	41	81	6,404	5,699	6,231	12,016
Total Liabilities	10,542	10,041	1,14,930	1,44,863	1,33,888	1,63,824
	0	0	158	172	180	326
Capital Work in Progress	0	0	0	0	7	13
	8,373	7,589	1,08,141	1,33,292	1,18,910	1,33,089
	18	26	0	0	0	0
	0	0	0	14	15	61
Cash & Bank	455	452	6,297	10,960	4,072	3,598
	1,696	1,973	334	425	10,704	26,737
Total Assets	10,542	10,041	1,14,930	1,44,863	1,33,888	1,63,824

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	-38	-119	-409	2,047	-678	-10,089	-15,439
Cash from Investing	430	659	-19	-100	-1,166	1,441	6,406	-5,697
Cash from Financing	-5	-613	-100	462	-889	-753	3,968	21,454
	454	-3	-246	-52	-0	11	285	318

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
47.12	47.12	47.12	47.12	47.12	47.12	47.12	47.12	49.13
17.53	16.86	15.60	11.66	12.30	11.85	11.55	12.31	11.27
11.79	11.39	12.43	14.21	14.68	14.78	15.36	14.26	13.27
0.08	0.08	0.08	0.08	0.09	0.09	0.09	0.09	0.09
23.38	24.45	24.64	26.84	25.71	26.07	25.78	26.12	26.16

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

Updates

2026-09-01 - This is further to the disclosure dated August 26, 2026 made by the Company. We wish to inform that the Company executives participated in the Institutional Investors' Meeting - Ashwamedh Elara India Dialogue 2026

2026-08-28

Shareholders meeting

2026-08-28 - The voting results along with the consolidated Scrutinizer's Report in respect of the Third Annual General Meeting (Post Listing) of the Company held on Wednesday, August 26, 2026, are attached

2026-08-26

Change in Director(s)

2026-08-26 - Jio Financial Services Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-26

Change in Auditors

2026-08-26 - Jio Financial Services Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-26

Shareholders meeting

2026-08-26 - Gist of the proceedings of the Third Annual General Meeting (Post Listing) of the Company held today, i.e. Wednesday, August 26, 2026, is attached

2026-08-26

Updates

2026-08-26 - Presentation made to the members during the Third Annual General Meeting (Post Listing) of the Company

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - Please note that the Company executives will be participating in the Institutional Investors Meeting organised by a third party - Ashwamedh Elara India Dialogue 2026 on September 1, 2026 at Mumbai

2026-08-17

Updates

2026-08-17 - This is further to the disclosure dated August 12, 2026 made by the Company. We wish to inform that the Company executives participated in the Institutional Investors Meeting.

2026-08-14

Updates

2026-08-14 - Jio Financial Services Limited has informed the Exchange regarding 'Presentation on Item Nos. 6 and 7 of the notice of 3rd Annual General Meeting (Post Listing) of the Company'.

News

Recent coverage and analyst commentary for JIOFIN

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JIO Financial Services Ltd.

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Free 5nance Account

Name

BAJFINANCE

1046.00

32.08

651234.82

0.57

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1038.00

21.58

244239.69

1.04

3452.77

59.90

13400.43

17.46

11.49

74.63

CHOLAFIN

1849.10

27.46

157925.34

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

TATACAP

362.95

28.51

154067.52

0.16

16281.80

1464.16

88219.30

1051.00

8.66

75.72

JIOFIN

231.15

73.86

152631.62

0.26

830.25

155.73

2004.47

227.28

2.11

69.71

BAJAJHLDNG

10971.00

13.79

122100.11

1.78

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2840.00

10.03

114017.05

1.06

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

400.00

26.68

109501.94

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

311.25

24.51

78010.22

0.88

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

666.00

27.86

63379.43

0.38

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

676.50

25.83

56201.25

0.59

785.20

38.31

4937.90

18.71

9.09

57.98

SUNDARMFIN

4702.35

23.54

52244.92

0.85

636.19

33.88

2644.13

23.37

9.35

80.61

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

414

608

414

418

694

438

493

612

981

901

1,019

2,004

140

125

155

156

293

346

414

1,016

Operating Profit

376

542

320

344

553

313

338

514

688

555

605

1,397

OPM %

90.78%

89.14%

77.38%

76.62%

82.30%

79.75%

71.49%

68.52%

83.93%

70.15%

61.60%

59.36%

69.71%

Other Income

Interest

136

212

298

418

Depreciation

360

537

315

338

548

318

350

388

566

335

300

970

Tax %

26.47%

16.07%

27.80%

26.04%

25.93%

15.41%

25.91%

22.79%

24.34%

15.56%

30.47%

22.13%

14.38%

Net Profit

313

689

295

316

325

695

269

272

830

642

Mar 2011

Mar 2012

Mar 2013

Mar 2014

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

378

394

2,387

3,331

1,854

2,043

3,513

4,905

437

310

2,269

3,287

246

450

875

2,069

Operating Profit

-59

118

1,608

1,593

2,639

2,837

OPM %

-15.58%

21.51%

4.96%

1.34%

63.55%

86.74%

77.95%

75.11%

57.83%

179

Interest

1,079

1,065

Depreciation

Profit before Tax

109

1,956

1,947

1,912

2,170

Tax %

20.82%

21.05%

20.09%

26.77%

36.66%

17.96%

17.17%

18.35%

18.24%

Net Profit

1,605

1,613

1,561

1,775

EPS

166.49

58.01

45.86

13.23

60.46

2.53

2.54

2.46

—

Dividend Payout %

—

0.00%

2846.89%

0.00%

19.70%

24.42%

—

Mar 2011

Mar 2012

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

6,353

Minority Interest

9,899

9,929

1,07,765

1,32,794

1,17,143

1,23,544

589

743

4,127

21,813

Trade Payables

6,404

5,699

6,231

12,016

Total Liabilities

10,542

10,041

1,14,930

1,44,863

1,33,888

1,63,824

158

172

180

326

Capital Work in Progress

8,373

7,589

1,08,141

1,33,292

1,18,910

1,33,089

Cash & Bank

455

452

6,297

10,960

4,072

3,598

1,696

1,973

334

425

10,704

26,737

Total Assets

10,542

10,041

1,14,930

1,44,863

1,33,888

1,63,824

Mar 2011

Mar 2012

Mar 2013

Mar 2014

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-38

-119

-409

2,047

-678

-10,089

-15,439

Cash from Investing

430

659

-19

-100

-1,166

1,441

6,406

-5,697

Cash from Financing

-5

-613

-100

462

-889

-753

3,968

21,454

454

-3

-246

-52

-0

285

318

Mar 2012

Mar 2013

Mar 2014

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

47.12

49.13

17.53

16.86

15.60

11.66

12.30

11.85

11.55

12.31

11.27

11.79

11.39

12.43

14.21

14.68

14.78

15.36

14.26

13.27

0.08

0.09

23.38

24.45

24.64

26.84

25.71

26.07

25.78

26.12

26.16

JIO Financial Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

JIO Financial Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI