Jio Financial Services Limited
₹204.50-₹2.50 (-1.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,80,779 Cr
- P/E
- 258.0x
- EV / EBITDA
- 330.6x
- Revenue
- ₹806 Cr
- Net margin
- 59.9%
- ROCE
- 2.5%
Price chart
Technical chartScreen technicals →-34.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -5.6%
- 3M
- -17.2%
- 6M
- -17.0%
- 1Y
- -34.0%
- 5Y
- -3.7%
52-week range
Day change -₹2.50 (-1.2%) from ₹207 to ₹205 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in JIOFIN, bought on each weekday since 2023.
AI Summary
Indian StockStrengths1
- Operating margin of 85.3% exceeds Financial Services median (59.5%)
Concerns1
- Low return on equity of 2.2%
Rule-based from financial data. Not advice.
About the company
Jio Financial Services Limited, through its subsidiaries, engages in the business of investing and financing, insurance broking, payment bank and payment aggregator, and payment gateway services in India.
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Jio Financial Services Limited, through its subsidiaries, engages in the business of investing and financing, insurance broking, payment bank and payment aggregator, and payment gateway services in India. The company provides loans, savings accounts, recharges, digital insurance, financial tracking, management tools, digital banking, unified payments interface transactions, bill payments, and insurance advisory; and asset and wealth management, and broking services, as well as operating lease solutions to consumers and businesses through a Device-as-a-Service model. It also provides insurance broking services, such as car, bike, health, term, investment, SMEs, MSMEs, property, cyber risk, commercial lines, corporate, and education. In addition, it offers digital banking services, including zero balance, savings, salary, wallet, and online and offline payment solutions; debit cards; payment systems, including aadhaar enabled payment and domestic money transfer; digital payment solutions. Further, it provides home loan; home loan against balance transfer; loan against property, mutual funds, and shares; solar financing; corporate loans and lease; and distribution of life, non-life, and health insurance products. The company was formerly known as Reliance Strategic Investments Limited and changed its name to Jio Financial Services Limited in July 2023. Jio Financial Services Limited was incorporated in 1999 and is based in Mumbai, India.
- Sector
- Financial Services
- Shares outstanding
- 634 Cr shares
- ISIN
- INE758E01017
- BSE code
- 543940
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,80,779 Cr
- P/E
- 258.0x
- P/B
- 6.2x
- EV / EBITDA
- 330.6x
- EV / Sales
- 281.9x
- P/S
- 283.4x
- Earnings yield
- 0.4%
- 52-week high
- ₹314.80
- 52-week low
- ₹204.50
Profitability
- Operating margin
- 85.3%
- Net margin
- 59.9%
- EBITDA margin
- 85.3%
- ROE
- 2.2%
- ROCE
- 2.5%
- ROA
- 1.6%
- Dividend payout
- 0.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 0.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹806 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹544 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1010.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 43.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹283 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -113.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.3%
Solvency and efficiency
- Current ratio
- 660.46
- Debt / Assets
- 0.00
- Financial leverage
- 1.00
- CFO / Net profit
- -0.74
- Cash / Market cap
- 2.6%
- Cash per share
- ₹7.44
- Asset turnover
- 0.03
- Fixed asset turnover
- 17.24
- Capital intensity
- 0.06
- Debtor days
- 0 days
- Cash conversion cycle
- 0 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹68 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹174 Cr |
| Sales | Operating profit | ₹632 Cr |
| Operating profit | Depreciation | ₹12 Cr |
| Operating profit | Profit before tax | ₹620 Cr |
| Other income | Profit before tax | ₹33 Cr |
| Profit before tax | Tax and other | ₹104 Cr |
| Profit before tax | Net profit | ₹549 Cr |
Revenue and net profit
Revenue grew 26.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹303 Cr | ₹123 Cr |
| FY2022 | ₹149 Cr | ₹168 Cr |
| FY2023 | ₹45 Cr | ₹31 Cr |
| FY2024 | ₹638 Cr | ₹382 Cr |
| FY2025 | ₹806 Cr | ₹549 Cr |
Cash flows
FY2025: -₹1,772 Cr from operations, ₹4.00 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹2,434 Cr | ₹2,597 Cr |
| FY2022 | ₹123 Cr | ₹0 Cr |
| FY2023 | ₹2,053 Cr | ₹889 Cr |
| FY2024 | -₹283 Cr | ₹758 Cr |
| FY2025 | -₹1,772 Cr | ₹4 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹806 Cr+26.3%1Y
- Net profit
- ₹549 Cr+43.7%1Y
- Cash from operations
- -₹1,772 Cr
- Free cash flow
- ₹4 Cr-99.5%1Y
- Revenue CAGR, 5Y
- 12.8%
- EBITDA CAGR, 5Y
- 11.1%
- Net profit CAGR, 5Y
- 10.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹806 Cr | ₹632 Cr | — | ₹549 Cr | -₹1,772 Cr | ₹4 Cr | 2.2% | +26.3% | +43.7% |
Monthly returns
Month-by-month returns of JIOFIN across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹25,096 Cr |
| Equity capital | ₹6,353 Cr |
| Reserves | ₹18,632 Cr |
| Borrowings | ₹0 Cr |
| Other liabilities | ₹110 Cr |
| Assets | ₹25,096 Cr |
| Fixed assets | ₹28 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹22,706 Cr |
| Other assets | ₹2,361 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
JIOFIN trades at 258.0x earnings against a peer median of 26.9x (a 859% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Jio Financial Services LimitedJIOFINthis companyP/E ↑ premium | ₹1.8 L Cr | 258.0x | 6.2x | 2.2% | 330.6x |
| SBI Life Insurance Company LimitedSBILIFE | ₹2.1 L Cr | 85.2x | 11.4x | 14.2% | 95.9x |
| Shriram Finance LimitedSHRIRAMFIN | ₹1.8 L Cr | 20.5x | 3.0x | 17.3% | — |
| HDFC LIFE INSURANCE COMPANY LIMITEDHDFCLIFE | ₹1.6 L Cr | 85.7x | 9.5x | 11.2% | 153.1x |
| Indian Railway Finance CorporationIRFC | ₹1.6 L Cr | 23.2x | 2.8x | 12.3% | 17.9x |
| MUTHOOT FINANCE LIMITEDMUTHOOTFIN | ₹1.6 L Cr | 21.7x | 5.0x | 18.3% | — |
| Bank Of BarodaBANKBARODA | ₹1.6 L Cr | 8.1x | 1.1x | 14.3% | — |
| Tata Capital LimitedTATACAP | ₹1.5 L Cr | 58.3x | — | 9.2% | — |
| Cholamandalam Investment and Finance Company LtdCHOLAFIN | ₹1.4 L Cr | 30.9x | 5.5x | 18.0% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
JIOFIN since 1 January, against earlier years.
Historical volatility
JIOFIN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 73.0% |
| FY2022 | 95.0% |
| FY2023 | 110.0% |
| FY2024 | 85.0% |
| FY2025 | 78.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹806 Cr |
| Costs | |
| Interest | ₹0 Cr |
| Expenses | ₹174 Cr |
| Operating profitOperating Profit | ₹632 Cr |
| Other income and charges | |
| Profit before tax | ₹653 Cr |
| Tax | |
| Net profitNet Profit | ₹549 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹25,096 Cr |
| Equity capitalEquity Capital | ₹6,353 Cr |
| Reserves | ₹18,632 Cr |
| Borrowings | ₹0 Cr |
| Other liabilitiesOther Liabilities | ₹110 Cr |
| AssetsTotal Assets | ₹25,096 Cr |
| Fixed assetsFixed Assets | ₹28 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹22,706 Cr |
| Other assetsOther Assets | ₹2,361 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹1,772 Cr |
| Investing cash flowCash from Investing Activity | ₹1,776 Cr |
| Financing cash flowCash from Financing Activity | ₹0 Cr |
| Change in cashNet Cash Flow | ₹4 Cr |
Learn while you research
Academy chapters picked for Jio Financial Services Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 258.0, learn when high multiples are justified.6 min read
- 04 Growth Investing26% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read