Jio Financial Services Share Price Target for 2024, 2025, 2026, 2027, 2028

Jio Financial Services Ltd. (JFS) is an Indian non-banking financial company (NBFC) headquartered in Mumbai, India. It was formerly a subsidiary of Reliance Industries Limited (RIL) but became an independent entity and was listed on the Indian stock exchanges in August 2023. JFS is a systemically important non-deposit taking NBFC registered with the Reserve Bank of India (RBI).


JFS aims to provide comprehensive financial solutions with its infrastructure and physical and digital reach, enabling accessibility and convenience for people from all segments of society, especially those in underserved areas. They focus on offering easy-to-use, transparent financial products that cater to the rapidly evolving financial needs of India.


JFS operates its financial services business through its consumer-facing subsidiaries and a joint venture:

  • Jio Finance Limited (JFL): Provides microfinance, small business loans, gold loans, and consumer loans.
  • Jio Insurance Broking Limited (JIBL): Offers a wide range of insurance products, including life insurance, health insurance, and motor insurance.
  • Jio Payment Solutions Limited (JPSL): Provides digital payment solutions, including mobile wallets, Aadhaar-based payments, and merchant solutions.
  • Jio Payments Bank Limited (JPBL): A joint venture with Axis Bank that offers a variety of banking products and services, including savings accounts, current accounts, and loans.

Jio Financial Services Overview

Description Details
Jio Financial Services Ltd. (JFS) Indian non-banking financial company (NBFC)
Headquarters Mumbai, India
Mission Provide comprehensive financial solutions, accessibility, and convenience
Services Microfinance, small business loans, gold loans, consumer loans, insurance, digital payments, banking
Subsidiaries Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), Jio Payment Solutions Limited (JPSL)
Joint Venture Jio Payments Bank Limited (JPBL) with Axis Bank
Recent Developments Acquired CreditMantri, launched JioMoney app

Jio Financial Services Products

Category Product Description Target Audience
Loans Personal Loans: Salaried & Self-employed Unsecured loans for various purposes Salaried & Self-employed individuals
Consumer Durable Loans: Loans for purchase of electronics, appliances, etc. Consumers buying durables
Microfinance Loans: Small loans for self-employed individuals in rural areas Rural entrepreneurs & microbusinesses
Small Business Loans: Loans for small businesses and entrepreneurs Existing & aspiring business owners
Gold Loans: Loans against pledged gold ornaments Individuals needing quick cash
Auto Loans (coming soon): Vehicle financing for cars and two-wheelers Car & bike buyers
Home Loans (coming soon): Financing for residential property purchase Homebuyers
Insurance Life Insurance: Term life, whole life, unit-linked insurance plans Individuals & families
Health Insurance: Individual & family health insurance plans Individuals & families
Motor Insurance: Two-wheeler & car insurance plans Vehicle owners
Other Insurance (coming soon): Property, travel, etc. Diverse individual needs
Investments & Wealth Management Mutual Funds: Investment in professionally managed portfolios Risk-averse & long-term investors
Stocks & Bonds (coming soon): Direct investment in individual stocks & bonds Experienced & active investors
Digital Payments JioMoney App: Mobile wallet for payments, transfers, recharges Individuals using digital payments
Aadhaar-based Payments: Fast & secure payments using Aadhaar biometric authentication Individuals with Aadhaar cards
Merchant Solutions: Payment processing solutions for businesses Businesses accepting digital payments
Banking (JPBL Joint Venture) Savings Accounts: Manage deposits & earn interest Individuals & families
Current Accounts: For business transactions & everyday needs Businesses & individuals
Loans: Various loan products offered by JPBL Individuals & businesses

Jio Financial Services Share Price Target-

Jio Financial Services Awards and Recognition

Category Award/Recognition Date Description
Digital & Telecom Innovation – Reliance Jio: Digital Enterprise of the Year 2021 Drivers of Digital Awards & Summit
– MyJio App: Silver in Most Effective App for Consumers 2021 The Maddies Awards
– Reliance Jio: Gold Medal in Most Admired Brand of the Year 2021 ACEF-Global Customer Engagement Forum and Awards
– Reliance Jio: Essential Worker Hero of the Year 2021 11th Annual Communications Excellence Awards
– Reliance Jio: D&I Company of the Year in Telecommunications 2021 Diversity & Inclusion Awards
Financial Services (RIL Group) – Reliance Capital: Most Admired Financial Services Company – Broking & Distribution 2023 Asia’s Best Awards
– Reliance Retail: Innovation Award for Financial Inclusion 2022 World Retail Congress
– Reliance Capital: Top 10 Most Trusted Brands in Financial Services 2023 ET Brand Equity Awards

Jio Financial Services Fundamentals

Metric Value Description
Market Capitalization ₹43,241 Cr Total market value of the company’s outstanding shares
Revenue (FY23) ₹148.90 Cr Total income generated in the last financial year (June 30, 2023)
EBITDA (FY23) Not available Earnings before interest, taxes, depreciation, and amortization. Not yet fully established for JFS due to its limited operational history.
EPS (FY23) ₹3.31 Earnings per share for the last financial year
P/E Ratio (FY23) 12.77x Stock price divided by EPS, indicating stock valuation relative to earnings.
P/B Ratio (FY23) 1.5x Stock price divided by book value per share, indicating valuation relative to company assets.
Dividend Yield N/A JFS has not declared any dividends yet.
Debt/Equity Ratio N/A JFS currently has no significant debt, making this ratio inapplicable.
Book Value (FY23) ₹28.21 per share Net assets per share, representing the book value of the company.
Face Value ₹10 per share Nominal value of each share, fixed by the company during its formation.
ROE (FY23) 75.06% Return on equity, measuring the percentage of shareholder equity reinvested into profit.
Debt N/A JFS currently has minimal debt on its balance sheet.

Jio Financial Services Revenue and Net Profit

Period Revenue (Cr) Net Profit (Cr) Year-over-Year (YoY) Revenue Growth
FY23 (Jun 2022 – Jun 2023) 148.90 668.00 N/A (New company in 2023)
Q2 FY23 (Sep 2023) 51.30 230.00 N/A

Jio Financial Services Shareholding Patterns

Shareholder Category Percentage Holding Description
Promoter: Reliance Industries Limited 46.77% Owns majority control of the company
Public: Individual investors, mutual funds, other financial institutions 53.23% Remainder of shares dispersed among various entities
Mutual Funds: 8.05% Investment companies holding a significant portion of shares
Foreign Institutional Investors (FIIs): 21.48% Investors from outside India
Domestic Institutional Investors (DIIs): 18.99% Indian financial institutions excluding FII and mutual funds
Retail Investors: 34.24% Individual investors holding less than 2% of shares each

Jio Financial Services Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Share Price Target (INR) Disclaimer
2024 365 – 375 Short-term target
2025 450 – 500 Long-term target
2026 550 – 600 Longer-term target, based on expected growth
2027 650 – 750 Longer-term target, dependent on market conditions
2028 800 – 1000 Highly speculative, considering long time horizon

Jio Financial Services Share Price Target for 2024

Jio Financial Services Share Price Target for 2024 is 365 – 375.

Jio Financial Services Share Price Target for 2025

Jio Financial Services Share Price Target for 2025 is 450 – 500.

Jio Financial Services Share Price Target for 2026

Jio Financial Services Share Price Target for 2026 is 550 – 600.

Jio Financial Services Share Price Target for 2027

Jio Financial Services Share Price Target for 2027 is  650 – 750.

Jio Financial Services Share Price Target for 2028

Jio Financial Services Share Price Target for 2028 is 800 – 1000.

Jio Financial Services Dividend History

Jio Financial Services Dividend History doesn’t give any dividends.

Jio Financial Services Share Split History

Jio Financial Services Share doesn’t have any share split history.

Future Outlook of Jio Financial Services


  • Strong Parentage: JFS benefits from the backing of Reliance Industries Limited (RIL), a powerhouse conglomerate with strong financial resources, brand recognition, and an extensive network across India.
  • Focus on Underserved Markets: JFS targets financially underserved segments like rural populations and micro-entrepreneurs, presenting a large potential customer base.
  • Digital Innovation: JFS leverages digital technologies and mobile platforms for customer acquisition, product delivery, and operational efficiency.
  • Diversification Strategy: JFS offers a wide range of financial products through subsidiaries and partnerships, reducing risk and catering to diverse needs.
  • Growing Indian Financial Market: The Indian financial services sector is projected to grow significantly in the coming years, offering tailwinds for JFS.

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Risks Associated With Investing in Jio Financial Services

Category Risk Description
Company Specific Limited Operating History: JFS is a new company (Aug 2023) with limited track record to assess its potential for long-term profitability and sustainability.
Unproven Business Model: JFS relies heavily on digital technology and targeting underserved markets, which may not immediately translate to success.
Financial Performance: JFS is yet to establish consistent profitability, leaving room for uncertainty regarding future earnings and dividend potential.
Debt (Limited currently): While JFS currently has minimal debt, its reliance on future borrowing for growth could increase financial risk.
Industry Level Competition: The Indian financial services market is highly competitive, with established players and newer fintech companies, requiring JFS to constantly differentiate itself.
Regulation: The financial services sector is heavily regulated, with changes in regulations potentially impacting JFS’s product offerings and profitability.
Macroeconomic Factors: Economic downturns or market volatility could negatively affect JFS’s loan growth, asset quality, and overall performance.
Investment Specific Volatility: JFS being a new listing, its stock price may experience higher volatility compared to established companies.
Liquidity: JFS’s shareholding is currently concentrated, potentially affecting the ease and speed of buying or selling shares.
Valuation: JFS’s current valuation incorporates high growth expectations, making it susceptible to corrections if growth falls short.

Jio Financial Services Competitors

Segment Main Competitors Strengths Weaknesses
Microfinance Bandhan Bank, Ujjivan Small Finance Bank, Satin Creditcare Network Extensive branch network, strong rural presence, established track record Lower profitability, higher operational costs, reliance on traditional methods
Small Business Loans HDFC Bank, ICICI Bank, Axis Bank Wide range of products and services, brand recognition, strong financial standing Limited focus on small businesses, higher lending rates, complex documentation
Gold Loans Muthoot Finance, Manappuram Finance, Bajaj Finance Extensive branch network, specialized gold loan expertise, high loan-to-value ratio Reliance on physical assets, limited product diversification, vulnerability to gold price fluctuations
Consumer Loans Bajaj Finance, HDFC Bank, SBI Diverse product portfolio, strong brand recognition, established customer base Operational complexity, higher cost of funds, potentially slower growth in saturated market
Digital Payments Paytm, PhonePe, Google Pay Large user base, convenience, integration with various platforms Lack of physical presence, limited financial service offerings, reliance on smartphones
Insurance (Jio Insurance Broking Limited) Policybazaar, Coverfox, Acko Online platforms offering comparison and instant purchase, competitive pricing Limited brand recognition, lack of offline support, reliance on partner insurers

Jio Financial Services Share Price FAQs

Q: Is JFS a good investment?

A: Deciding whether JFS is a good investment depends on your individual risk tolerance and investment goals. Consider factors like the company’s growth potential, its competitive position, the overall market outlook, and your own financial situation before making any investment decisions.

Q: What are the future prospects for the JFS share price?

A: Predicting future share prices is always uncertain. Analysts offer varying estimates based on different assumptions and models. JFS has strong potential due to its focus on underserved markets, digital strategy, and Reliance backing, but competition and unforeseen challenges can also impact its growth.

Q: Where can I find the latest information about JFS share price and news?

A: You can find live updates and historical data on the share price of JFS on various financial websites like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Additionally, news articles, analyst reports, and investor forums can provide further insights and updates on the company and its performance.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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