About Jio Finance
Jio Financial Services Ltd. (JFSL) is a top financial services company in India. It was set up in 1999 and is based in Mumbai, Maharashtra. It was started by Mukesh Ambani and is part of Reliance Industries.
JFSL helps with digital payments and insurance. It also offers many financial services to people all over India.
Jio Finance Share Price Current Market Overview
As of October 21, 2024, Jio Finance’s stock price is ₹327.20. This is a 0.95% drop from the last trading day. Despite this, the company’s market value is still high at ₹207,879.46 crore. Its Trailing Twelve Months Price to Earnings (TTM PE) ratio is 667.76, showing strong market trust in its growth.
The company’s Price to Book (P/B) ratio is 8.51, which is quite high. Jio Finance’s Return on Equity (ROE) for the last year was 1.56%. But, its stock has seen a remarkable 52.75% increase in the past year.
Compared to Max Financial, Jio Finance’s stock price is lower at ₹327.20. Max Financial’s stock price is ₹1,193.25. Max Financial’s market value is ₹41,180.82 crore, much less than Jio Finance. Max Financial’s TTM PE ratio is 108.48, and its Price to Book (P/B) ratio is 9.18, both higher than Jio Finance’s.
| Metric | Jio Finance | Max Financial |
|---|---|---|
| Share Price | ₹327.20 | ₹1,193.25 |
| Change (%) | -0.95% | -0.28% |
| Market Cap (Cr) | ₹207,879.46 | ₹41,180.82 |
| TTM PE Ratio | 667.76 | 108.48 |
| Price to Book (P/B) | 8.51 | 9.18 |
| Return on Equity (ROE) | 1.56% | 8.79% |
| One-year Performance | 52.75% | 28.67% |
Jio Finance Share Price Target 2024 to 2030
Jio Finance is a big name in India’s financial services. People are looking at its share price for 2030. Experts say the jio finance share price target 2024 to 2030 could be between INR 454 and INR 592. This shows a big jump for the company.
Jio Finance Share Price Target 2025
- Expected Price: ₹451.20
- Growth Drivers: Jio Finance leads with its easy-to-use digital banking. It uses the latest tech to give customers a smooth banking experience. This makes it stand out from old-school banks.
- Market Sentiment: Jio Finance teams up with top banks and tech firms. These partnerships help it grow its products and reach more customers.
Jio Finance Share Price Target 2026
- Expected Price: ₹421
- Growth Drivers: The financial services world is tightly regulated. Jio Finance must keep up with these changes to succeed.
Jio Finance Share Price Target 2027
- Expected Price: ₹503
- Growth Drivers: Shifts in jio finance regulatory risks and jio finance financial regulations can greatly affect the company.
Jio Finance Share Price Target 2028
- Expected Price: ₹512
- Growth Drivers: Being a tech-focused company, Jio Finance faces jio finance technology risks.
Jio Finance Share Price Target 2029
- Expected Price: ₹547
- Growth Drivers: The company must keep investing in tech to stay safe and ahead.
Jio Finance Share Price Target 2030
- Expected Price: ₹608
- Growth Drivers: The shareholding pattern of Jio Finance is a big draw for investors.
| Financial Metric | FY2022 | FY2023 |
|---|---|---|
| Revenue | INR 4,765.23 Crore | INR 23,519.67 Crore |
| Net Profit | INR 3.86 Crore | INR 31.25 Crore |
| Total Assets | INR 18,745.12 Crore | INR 24,803.10 Crore |
| Debt-to-Equity Ratio | 0.00 | 0.00 |
| Key Metrics | 2023 | 2024 | 2025 | 2030 |
|---|---|---|---|---|
| Share Price Target | ₹250 – ₹400 | ₹380 – ₹480 | ₹500 – ₹650 | ₹1,400 – ₹1,650 |
| Operating Income (₹ Crore) | ₹41.63 | ₹58.29 | ₹75.95 | ₹150.23 |
| Profit Before Tax (₹ Crore) | ₹49.34 | ₹69.07 | ₹88.80 | ₹175.16 |
| Profit After Tax (₹ Crore) | ₹31.25 | ₹43.72 | ₹56.19 | ₹110.74 |
| Year | Jio Finance Share Price Target |
|---|---|
| 2024 | ₹390.20 – ₹410.10 |
| 2025 | ₹451.20 – ₹465.50 |
| 2026 | ₹526.20 – ₹550.70 |
| 2030 | ₹940.30 – ₹985.80 |
| 2040 | ₹2,290.50 – ₹2,420.40 |
Conclusion
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FAQ
What are the key growth drivers for Jio Finance?
Jio Finance grows thanks to innovation, strong market presence, and a wide range of financial services. The market is very optimistic, expecting Jio Finance to keep growing and making profits for years to come.
What are the financial services offered by Jio Financial Services Ltd.?
Jio Financial Services Ltd. (JFSL) offers digital payments, insurance, and various loans like personal, educational, and home loans.
What is the current market capitalization of Jio Finance?
As of October 3, 2024, Jio Finance's stock price is INR 340.40. Its market capitalization is INR 2.16 Lakh Crore.
What are the key growth drivers for Jio Finance's share price target in 2030?
Growth drivers include expanding digital banking, more customers, partnerships with big banks, new funding products, and better data analytics. Jio Finance is also reaching more rural areas.
What is the market sentiment around Jio Finance?
The market feels very positive about Jio Finance. Investors believe in its future growth. Analysts think it will keep leading the market and growing steadily.
What are the technological innovations and fintech solutions offered by Jio Finance?
Jio Finance uses fintech to improve services like mobile wallets and digital lending. These innovations are making things better for customers and boosting revenue.
How is Jio Finance's strategic focus on rural and underserved markets contributing to its growth?
By serving rural and underserved areas, Jio Finance is reaching a huge, untapped market. This is helping it grow.
What are the potential risks and challenges faced by Jio Finance?
Jio Finance might face regulatory changes, more competition, and tech risks like cyber threats. New technologies could also change how it operates.
What is Jio Finance's financial performance and position?
Jio Finance's finances show steady growth in revenue and profits over three years. Its balance sheet is strong, with no debt and a solid reserve base.