Jio Financial Services Limited, or JFSL for short, is an India-based non-banking financial company with a huge reach and a prime focus on making financial services accessible to a very broad stratum of society. JFSL combines its physical and digital infrastructure to offer a wide range of financial products and provides essential financial services to people. Let’s make things simpler by breaking it into Jio financial services share price, company performance, stock analysis, financial metrics, and future outlook.
Jio Financial Services Stock Performance: Jio financial services share price
Latest trade price of JFSL’s stock stands at Rs 316.15, which is 1.62% down compared to the previous closing price. The stock of the company has traded between Rs 314.65 and Rs 325.55 in the last few days. This stock has seen a yearly gain of 38.03%, though it’s had slight fluctuations in the last five days with a -0.23% change. Even though the short-term fluctuations are shown in JFSL, it has performed well over the long period of time, and investors maintain a hopeful perspective toward their future growth.
Key Financial Metrics
| Metric | Value |
|---|---|
| Current Share Price | Rs 316.15 |
| Price Range Today | Rs 314.65 – Rs 325.55 |
| 52-Week High | Rs 394.70 |
| 52-Week Low | Rs 213.90 |
| Market Cap (₹ Cr.) | 2,04,289.90 |
| Dividend Yield (%) | 0.00 |
| Price to Book Ratio (P/B) | 1.47 |
| Debt to Equity Ratio (D/E) | – |
| TTM Price to Earnings Ratio (P/E) | 138.65 |
| Sector P/E | 16.52 |
| Net Profit (Last Quarter) | Rs 689.07 Cr |
| Total Revenue (Mar 2024) | Rs 1,306.25 Cr |
| Operating Income | Rs 989.21 Cr |
| Net Income (Mar 2024) | Rs 1,604.55 Cr |
| Public Holding (%) | 52.88% |
| FII Holding (as of Sep 2024) | 16.79% |
| Mutual Fund Holding (as of Sep 2024) | 6.65% |
Recent Financial Performance
In the latest quarter, Jio Financial Services reported a net profit of Rs 689.07 crores, indicating how the company had been quietly growing in revenue and operating income. Here are some of the key highlights from the company’s financials:
- Revenue Growth: In recent times, the revenues of JFSL have been witnessing a good growth trend. For the quarter ending March 2024, the company has filed the consolidated statement of Rs 1,306.25 crores as its total revenues.
- Operating income: Operating income of JFSL was Rs 989.21 crores. The profitability in their core business has been strong.
- Net income: It reported Rs 1,604.55 crores as net income after taxes that would seem to be good news for the shareholders.
Shareholding Pattern
Understanding the shareholding pattern provides insights into the confidence different groups have in the company.
| Category | Holding (%) |
|---|---|
| Public | 52.88% |
| Foreign Institutional Investors (FII) | 16.79% |
| Mutual Funds | 6.65% |
| Promoters and Promoter Group | 23.68% |
| Others | 0.00% |
Technical Analysis of the Stock
On the technical front, Jio Financial Services stock displays some significant trends:
- Short-Term Trends: The stock is currently showing a bearish trend, meaning it has been declining in the short term.
- Moving Averages: JFSL’s moving averages are slightly declining, with the 50-day moving average at Rs 337.10 and the 100-day at Rs 339.20. These averages indicate a potential downward trend.
- Long-Term Trends: The stock also has a bearish outlook in the long term, which suggests cautious optimism for long-term investors who prefer to wait for favorable buying opportunities.
Competitors of Jio Financial Services
JFSL has several listed peers in the Indian financial market, such as Mankind Pharma, JSW Infrastructure, and the Indian Renewable Energy Development Agency.
| Jio Financial Services | 2,04,289.90 | 316.15 | 138.65 | 394.70 | 213.90 | 0.00 | Strong brand, extensive reach, digital innovation |
| Bajaj Finance | 4,30,000+ | 7,700+ | 34.9 | 8,060 | 5,600 | 0.29 | Diversified loan portfolio, strong risk management |
| Mankind Pharma | 1,06,474.40 | 2,657.95 | 27.2 | 2,882.75 | 1,732.65 | 0.22 | Leading presence in the pharma sector, brand trust |
| HDFC Ltd. | 6,00,000+ | 2,750+ | 21.1 | 3,000+ | 1,900+ | 1.21 | Large market share in housing finance, stable growth |
| JSW Infrastructure | 62,478.76 | 304.55 | 18.5 | 361.00 | 176.90 | 0.18 | Strong infrastructure projects, high growth potential |
Future Outlook and Strategic Moves
Jio Financial Services is going to gain from the high growth of the financial services sector in India. As the Indian government continues to push for digital adoption, the company will be well placed to capture more market share because of upgradation in its product offerings. This is some of the notable developments:
- RBI Approval for Payment Aggregator Business: JFSL recently received approval from RBI to operate as an online payment aggregator. The same would increase the process of digital payments for merchants, hence opening up new revenue streams and falling in line with India’s shift towards a cashless economy.
- BlackRock Partnership: JFSL has partnered with BlackRock to integrate an AMC that is the main source of mutual funds. Through this partnership, JFSL will be able to tap mutual fund interests for investment motives seeking wealth management.
Potential Risks and Investor Considerations
There are some potential risks that investors should consider regarding Jio Financial Services.
- High P/E Ratio: With the high P/E ratio, it might be pricey relative to some peers. This might translate to possible corrections in the stock price if the actual growth does not catch up with the high expectations.
- Volatility in the stock: Given that the company’s stock has been volatile, it might best suit risk-tolerant investors.
- Competition Marketplace: The Indian financial services market is highly competitive, which consists of old players having experience along with new entrants, and this would impact the market share of JFSL.
Conclusion
Jio Financial Services provides an interesting opportunity for investors through diverse financial services as well as it gains strong support from Reliance Industries. Its recent moves including RBI approval as well as its partnership with BlackRock indicate a bright prospect of growth in the trends of digital payments and mutual funds. However, high valuation and market volatility recommend caution to investors who are looking forward to investing in the company. Investment in JFSL will be strategic, especially while it continues to expand further, as progress against its performance and strategic decisions of the company should be continuously monitored.
FAQs About Jio Financial Services Share Price
Jio Financial Services provides financial solutions such as digital payments, lending, and investment options in India.
No, Jio Financial is a non-banking financial company (NBFC), not a traditional bank.
Jio Financial Services trades under the symbol “JIOFIN” on the NSE.
Major investors include public shareholders (52.88%) and FIIs (16.79%) as of September 2024.
Jio Financial’s stock has grown by 38.03% year-to-date, with fluctuations in recent weeks.
