On 6 Nov 2026, Jio Platforms was priced at ₹1,406.40, or 40.8× trailing earnings, against an industry P/E of 25.1×. It earns ROCE of 8.9% and ROE of 9.4%. Debt is 0.48× equity. It is a large-cap company with a market cap of ₹13.0 lakh crore, the largest of 25 Software (Infrastructure) companies by market cap; the shares fell 0.8% over the past year.
- ₹1,416.00
- ₹1,416.00
- ₹1,388.10
- ₹1,417.80
- 50.1 L
Health check
- ReturnsIn line
−0.8% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 40.8 vs industry 25.1.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityWeak
ROCE 8.9% vs peer median 10.4%.
- Balance sheetSolid
Debt 0.48× equity, interest covered 5.7×, Piotroski 7 of 9.
- Red flags1 to check
P/E of 40.8 against an industry P/E of 25.1.
Large cap
Market sensitivity
Key metrics
- Market cap
- ₹13.0L Cr
- Large cap
- P/E
- 40.8
- Industry 25.1
- Price to book
- 3.57
- Peers 5.54
- Dividend yield
- 0.00%
- ROE
- 9.4%
- Peers 13.6%
- ROCE
- 8.9%
- Peers 10.4%
- Debt to equity
- 0.48
- Debt ₹1.7L Cr
- EPS (TTM)
- ₹34.45
- Face value ₹10
- OPM (TTM)
- 50.6%
- Net margin 20.4%
- Sales growth
- +11.4%
- Latest quarter vs a year ago
- Profit growth
- +13.7%
- Latest quarter vs a year ago
- Price to sales
- 8.35
- EV/EBITDA 18.9
Strengths and risks
Strengths
- Net margin of 20.4%.
- Positive operating cash flow in each of the last 3 years.
Risks to check
- P/E of 40.8 against an industry P/E of 25.1.
About Jio Platforms
Jio Platforms Limited provides mobile and fixed broadband connectivity along with digital products, services, platforms, and applications across entertainment, gaming, cloud computing, cloud storage, and artificial intelligence in India. The company offers 4G and 5G mobile broadband connectivity, international roaming, eSIM, Wi-Fi calling, JioTunes, and VIP mobile numbers; and broadband services, including JioFiber, an optic fibre-based service, and…
- Headquarters
- Navi Mumbai
- Employees
- 28,163
- Sector
- Technology
- ISIN
- INE0BJO01010
- Website
- jio.com
Price range
- Avg volume (3M)
- 3.9 Cr
- 1-year return
- minus 0.8%
- From 52-week high
- minus 5.6%
Peers · Software - Infrastructure
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JPLJio Platforms | 1,406.40 | minus 0.80% | 12,95,158 | 40.8 | 3.57 | 8.9% | 9.4% | 32.8% | – | – | 0.00% | minus 0.8% |
| PAYTMOne 97 Communications | 1,794.40 | plus 0.72% | 1,14,873 | 136.1 | 6.94 | 3.7% | 5.3% | 8.0% | 1.2% | – | 0.00% | plus 40.5% |
| OFSSOracle Financial Services Software | 10,215.00 | plus 0.64% | 89,010 | 25.0 | 11.57 | 43.2% | 47.4% | 51.6% | 10.4% | 13.5% | 2.64% | plus 21.9% |
| PINELABSPine Labs | 162.45 | plus 0.51% | 18,759 | 116.9 | 3.15 | 3.5% | 3.3% | 17.1% | 21.0% | – | 0.00% | minus 35.3% |
| FRACTALFractal Analytics | 808.85 | minus 0.07% | 14,043 | 38.0 | 4.07 | 10.4% | 13.6% | 16.7% | 18.4% | 12.9% | 0.00% | minus 4.5% |
| E2EE2E Networks | 487.05 | minus 4.97% | 10,007 | 86.8 | 5.54 | −0.5% | 6.9% | 70.9% | 54.8% | – | 0.00% | plus 64.6% |
| MPIMANIPALManipal Payment and Identity Solutions | 312.80 | minus 0.81% | 7,251 | 23.8 | 8.78 | 43.4% | 46.2% | 24.9% | 13.7% | 29.1% | 0.00% | minus 9.4% |
| NEWGENNewgen Software Technologies | 440.70 | minus 2.33% | 6,229 | 25.2 | 3.50 | 20.7% | 18.3% | 25.9% | 17.4% | 19.3% | 1.36% | minus 53.6% |
| Median of 7 peers | – | −0.07% | 14,043 | 38.0 | 5.54 | 10.4% | 13.6% | 24.9% | 17.4% | 16.4% | 0.00% | −4.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 | Sep 26 |
|---|---|---|---|---|
| 35,032 | 36,332 | 39,173 | 40,475 | |
| – | – | +11.8% | +11.4% | |
| 17,545 | 18,229 | 19,327 | 19,574 | |
| 17,487 | 18,103 | 19,846 | 20,902 | |
| 49.9% | 49.8% | 50.7% | 51.6% | |
| 482 | 654 | 793 | 978 | |
| 2,105 | 2,145 | 2,980 | 3,009 | |
| 6,479 | 6,675 | 7,458 | 7,612 | |
| 166 | – | 226 | – | |
| 9,551 | 9,937 | 10,427 | 11,259 | |
| 25.6% | 25.7% | 25.5% | 25.5% | |
| 7,115 | 7,379 | 7,765 | 8,389 | |
| – | – | +9.1% | +13.7% | |
| 7.73 | 8.01 | 8.43 | 9.11 |
Profit & loss
- ROE
- 9.4%
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 1,09,558 | 1,28,218 | 1,46,885 | |
| – | +17.0% | +14.6% | |
| 55,127 | 65,076 | 73,483 | |
| 54,431 | 63,142 | 73,402 | |
| 49.7% | 49.2% | 50.0% | |
| 189 | 864 | 2,359 | |
| 4,048 | 4,905 | 8,653 | |
| 22,103 | 24,138 | 27,249 | |
| 338 | 164 | 494 | |
| 28,808 | 35,127 | 40,353 | |
| 25.6% | 25.6% | 25.5% | |
| 21,422 | 26,110 | 30,064 | |
| – | +21.9% | +15.1% | |
| 23.26 | 28.35 | 32.65 |
Forecast
Balance sheet
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 8,939 | 8,939 | 8,939 | |
| 2,69,347 | 2,96,108 | 3,27,038 | |
| 67,111 | 85,696 | 84,669 | |
| 1,94,183 | 1,90,491 | 1,94,949 | |
| 5,39,580 | 5,81,234 | 6,15,594 | |
| 2,30,688 | 2,47,984 | 2,65,461 | |
| 81,815 | 60,713 | 14,469 | |
| 2,517 | 2,848 | 3,858 | |
| 6,934 | 29,230 | 47,524 | |
| 2,17,626 | 2,40,458 | 2,84,282 | |
| 5,39,580 | 5,81,234 | 6,15,594 |
Cash flow
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 57,662 | 68,156 | 77,556 | |
| −56,588 | −63,726 | −43,591 | |
| 379 | 1,093 | −25,419 | |
| 1,453 | 5,523 | 8,546 | |
| −53,607 | −44,349 | −34,255 | |
| 4,055 | 23,806 | 43,301 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 3.6% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.