As of 6 Nov 2026, Jio Financial Services trades at 87.9× trailing earnings, above the industry P/E of 25.9×, and the shares are 27% below their 52-week high. It earns ROCE of 1.7% and ROE of 1.3%. Debt is 0.32× equity, and its dividend yield is 0.3%. It is a large-cap company with a market cap of ₹1.6 lakh crore, the largest of 69 Asset Management companies by market cap; the shares fell 24% over the past year.
- ₹226.00
- ₹231.20
- ₹225.29
- ₹229.62
- 2.3 Cr
Health check
- ReturnsBehind
−23.9% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 87.9 vs industry 25.9.
- GrowthStrong
Sales +431.5%, profit +268.2% a year over 3 years.
- ProfitabilityWeak
ROCE 1.7% vs peer median 40.0%.
- Balance sheetFair
Debt 0.32× equity, interest covered 3.6×, Piotroski 4 of 9.
- Red flags3 to check
Return on equity is low at 1.3%.
Large cap
Defensive
Key metrics
- Market cap
- ₹1.6L Cr
- Large cap
- P/E
- 87.9
- Industry 25.9
- Price to book
- 1.19
- Peers 13.47
- Dividend yield
- 0.26%
- ROE
- 1.3%
- Peers 36.4%
- ROCE
- 1.7%
- Peers 40.0%
- Debt to equity
- 0.32
- Debt ₹41,404 Cr
- EPS (TTM)
- ₹2.63
- Face value ₹10
- OPM (TTM)
- 75.8%
- Net margin 42.8%
- Sales growth
- +26.7%
- Latest quarter vs a year ago
- Profit growth
- −53.6%
- Latest quarter vs a year ago
- Price to sales
- 39.62
Strengths and risks
Strengths
- Quarterly sales up 26.7% on a year ago.
- Net margin of 42.8%.
Risks to check
- Return on equity is low at 1.3%.
- Quarterly profit down 53.6% on a year ago.
- P/E of 87.9 against an industry P/E of 25.9.
About Jio Financial Services
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, fixed deposits, digital insurance, financial tracking, management tools, digital banking, UPI bill payments, and insurance advisory; and asset and wealth management, and broking services, as well…
- Headquarters
- Mumbai
- Employees
- 2,000
- Sector
- Financial Services
- ISIN
- INE758E01017
- Website
- jfs.in
Price range
- Avg volume (3M)
- 1.3 Cr
- 1-year return
- minus 23.9%
- From 52-week high
- minus 27.0%
Peers · Asset Management
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIOFINJio Financial Services | 231.20 | plus 0.69% | 1,58,445 | 87.9 | 1.19 | 1.7% | 1.3% | 75.8% | 431.5% | 268.2% | 0.26% | minus 23.9% |
| ICICIAMCICICI Prudential Asset Management Company | 2,935.80 | minus 1.45% | 1,45,104 | 41.1 | 27.16 | 98.3% | 76.2% | 74.1% | 28.9% | 29.6% | 1.44% | plus 13.5% |
| BAJAJHLDNGBajaj Holdings & Investment | 11,044.00 | plus 1.80% | 1,22,913 | 13.2 | 1.67 | – | 11.6% | 78.8% | 19.0% | 25.7% | 1.18% | minus 10.3% |
| HDFCAMCHDFC Asset Management Company | 2,649.80 | plus 0.37% | 1,13,701 | 38.3 | 13.19 | 38.5% | 36.4% | 81.4% | 23.9% | 26.2% | 2.04% | minus 2.3% |
| SBIFUNDSSBI Funds Management | 499.55 | minus 1.30% | 1,01,750 | 33.3 | 13.47 | – | 40.4% | 78.5% | – | – | 0.00% | minus 18.1% |
| NAM-INDIANippon Life India Asset Management | 1,065.20 | minus 0.37% | 68,177 | 42.8 | 14.29 | 40.0% | 35.3% | 67.3% | 26.1% | 28.3% | 2.07% | plus 21.3% |
| 360ONE360 ONE WAM | 1,145.00 | plus 0.36% | 49,107 | 38.7 | 4.50 | 13.5% | 12.7% | 47.3% | 24.0% | 22.7% | 1.18% | plus 5.7% |
| ANANDRATHIAnand Rathi Wealth | 2,373.50 | plus 0.15% | 39,410 | 87.5 | 30.58 | 50.0% | 43.0% | 35.5% | 27.9% | 33.0% | 0.32% | plus 51.9% |
| Median of 7 peers | – | 0.15% | 1,01,750 | 38.7 | 13.47 | 40.0% | 36.4% | 74.1% | 25.0% | 27.2% | 1.18% | 5.7% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 416 | 686 | 864 | 1,795 | 1,535 | |
| −40.4 | 131 | 259 | 378 | 413 | |
| 457 | 555 | 605 | 1,416 | 1,122 | |
| 109.7% | 80.8% | 70.0% | 78.9% | 73.1% | |
| 38.5 | 36.1 | 40 | −19 | −43.8 | |
| 98.8 | 212 | 298 | 418 | 578 | |
| 6.1 | 7.6 | 8 | 9.5 | 11.3 | |
| 28.6 | – | – | – | – | |
| 419 | 371 | 339 | 970 | 489 | |
| 22.5% | 27.5% | 19.6% | 14.4% | 30.4% | |
| 325 | 269 | 272 | 830 | 340 | |
| 0.51 | 0.42 | 0.43 | 1.27 | 0.51 |
Profit & loss
- Sales CAGR 3Y
- +431.5%
- Profit CAGR 3Y
- +268.2%
- EPS CAGR 3Y
- +268.3%
- ROE
- 1.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.2 | 1,171 | 1,347 | 3,185 | |
| – | +5424.3% | +15.1% | +136.4% | |
| −22.7 | 238 | 143 | 865 | |
| 43.8 | 933 | 1,205 | 2,320 | |
| 206.9% | 79.7% | 89.4% | 72.8% | |
| 5.5 | 1,057 | 813 | 403 | |
| – | 10.3 | 7.7 | 745 | |
| – | 21.5 | 22.5 | 29.4 | |
| – | −2.1 | −40.4 | −37.6 | |
| 49.3 | 1,956 | 1,947 | 1,912 | |
| 36.7% | 18.0% | 17.2% | 18.3% | |
| 31.3 | 1,605 | 1,613 | 1,561 | |
| – | +5034.6% | +0.5% | minus 3.2% | |
| 0.05 | 2.53 | 2.54 | 2.46 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2 | 6,353 | 6,353 | 6,353 | |
| 1,14,118 | 1,32,794 | 1,17,143 | 1,27,500 | |
| 743 | – | 3,970 | 21,768 | |
| 66.6 | 5,715 | 6,043 | 7,875 | |
| 1,14,930 | 1,44,863 | 1,33,510 | 1,63,497 | |
| 39.6 | 31.3 | 39.3 | 66.5 | |
| – | – | 6.6 | 12.6 | |
| 3,055 | 74,814 | 1,11,131 | 1,19,984 | |
| 16,335 | 16,519 | 11,764 | 16,827 | |
| 95,501 | 53,499 | 10,569 | 26,607 | |
| 1,14,930 | 1,44,863 | 1,33,510 | 1,63,497 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,055 | −678 | −10,089 | −15,439 | |
| −1,166 | 1,441 | 6,406 | −5,697 | |
| −889 | −753 | 3,968 | 21,454 | |
| −0.3 | 10.6 | 285 | 318 | |
| – | −0.8 | −41.8 | −105 | |
| 2,055 | −678 | −10,131 | −15,544 | |
| −889 | – | – | −318 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 18.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.