JIO Financial Services Share Price Target 2024, 2025, 2026, 2027, 2030 and Prediction
This post was most recently updated on December 3rd, 2023
The new kid in town, JIO Financial Services Share, got listed on the NSE and BSE on August 21, 2023. The JFS shares had a tepid listing and closed down the circuit with a 5% loss. Jio Financial Services was demerged from its parent company, Reliance, in July 2023, aiming to leverage its dominant position in the financial markets.
In this blog post, let’s look at JIO Financial Services Share Price Target 2024, 2025, 2026, 2027, 2030, and Predictions.
Latest News: The BSE has updated the circuit limit for Jio Financial Services from 5% to 20%. This adjustment will be in effect starting Monday, September 4.
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Page Contents
JIO Financial Services Share Price Target 2024, 2025, 2026, 2027, 2030
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2024 | 275 | 350 | 313 |
| 2025 | 300 | 400 | 350 |
| 2026 | 340 | 421 | 381 |
| 2027 | 365 | 450 | 408 |
| 2028 | 400 | 550 | 475 |
| 2029 | 500 | 600 | 550 |
| 2030 | 540 | 680 | 610 |
| 2031 | 625 | 750 | 688 |
| 2032 | 700 | 850 | 775 |
Consider reading: IRFC Share Price Target 2025
JIO Financial Services Share Price Target 2024
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2024 | 275 | 350 | 313 |
The JIO Financial Services Share Price Target for the year 2024 is Rs 313. The Maximum Share Price Target is Rs 350 and the Minimum Share Price Target is Rs 275.
JIO Financial Services Share Price Target 2025
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2025 | 300 | 400 | 350 |
The JIO Financial Services Share Price Target for the year 2025 is Rs 350. The Maximum Share Price Target is Rs 400 and the Minimum Share Price Target is Rs 300.
JIO Financial Services Share Price Target 2026
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2026 | 340 | 421 | 381 |
The JIO Financial Services share price target for 2026 is projected to range between a minimum of ₹340 and a maximum of ₹421, with an average target of ₹381.
JIO Financial Services Share Price Target 2030
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2030 | 540 | 680 | 610 |
The JIO Financial Services share price target for 2030 is estimated to range from a minimum of ₹540 to a maximum of ₹680, with an average target of ₹610.
JIO Finance Share Price Live Chart
JIO Financial Services Company Overview
Jio Financial Services (JIOFIN) is a subsidiary of Reliance Industries (RIL) that provides digital financial solutions in India. JFS was demerged from RIL in July 2023 and listed on the stock exchanges on August 21, 2023.
JFS operates in various segments, such as payments, lending, insurance, wealth management, and broking. JFS aims to leverage the technological capabilities of RIL and its digital platforms such as Jio, JioMart, JioSaavn, and JioCinema to offer simple, affordable, and innovative financial services to Indian consumers.
JFS has a strong parentage in RIL, which is one of the largest and most diversified conglomerates in India with interests in energy, petrochemicals, telecom, retail, and media. RIL has also attracted significant investments from global technology giants such as Google, Facebook, Intel, Qualcomm, and Silver Lake in its digital arm Jio Platforms.
These strategic partnerships will help JFS leverage the expertise and network of these global players and enhance its product offerings and customer reach. JFS also has a large and growing customer base in India, which is one of the fastest-growing digital economies in the world.
According to a report by Boston Consulting Group (BCG) and Google, India’s digital payments market is expected to grow from $65 billion in 2019 to $500 billion by 2025, representing a compound annual growth rate (CAGR) of 27%. Similarly, India’s digital lending market is projected to grow from $75 billion in 2019 to $350 billion by 2023, representing a CAGR of 48%.
Moreover, India’s online insurance market is estimated to grow from $3.5 billion in 2019 to $37 billion by 2025, representing a CAGR of 60%. Furthermore, India’s online wealth management market is expected to grow from $45 billion in 2019 to $170 billion by 2025, representing a CAGR of 20%.
Lastly, India’s online broking market is anticipated to grow from $2 billion in 2019 to $18 billion by 2025, representing a CAGR of 35%. JFS is well-positioned to capture these growth opportunities and become a leading player in the digital financial services sector in India. The company has strong brand recognition and trust among Indian consumers due to its association with RIL and Jio.
The company also has access to a large pool of data and analytics from its digital platforms that can help it to offer customized and personalized financial solutions to its customers.
JFS also has a robust technology infrastructure and innovation capabilities that can enable it to launch new products and services quickly and efficiently. The company also has a diversified revenue stream and a low-cost operating model that can help it achieve profitability and scalability.
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JIO Financial Services (JIOFIN) Financial Details
| Particulars | Amount (in Rs crore) |
|---|---|
| Total assets | 3,487.62 |
| Total liabilities | 2,922.28 |
| Total equity | 565.34 |
| Revenue from operations | 1,082.64 |
| Other income | 8.72 |
| Total income | 1,091.36 |
| Total expenses | 1,116.32 |
| Profit/(loss) before tax | (24.96) |
| Tax expense | 0.00 |
| Profit/(loss) after tax | (24.96) |
Competitors of JIO Financial Services (JIONFIN)
| Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | ROCE % | Debt / Eq | Debt Rs.Cr. |
|---|---|---|---|---|---|---|---|
| Bajaj Finance | 7048.2 | 34.56 | 426718.63 | 0.43 | 11.77 | 3.99 | 216690.49 |
| Bajaj Finserv | 1478.3 | 33.45 | 235861.11 | 0.05 | 12.69 | 4.57 | 212264.97 |
| Jio Financial | 248.9 | 6290.11 | 158133.24 | 0 | 0.29 | 0.03 | 742.77 |
| Cholaman.Inv.&Fn | 1044.85 | 30.54 | 85914.18 | 0.19 | 9.72 | 6.79 | 97357.5 |
| SBI Cards | 835.55 | 35.54 | 79082.56 | 0.3 | 13.05 | 3.16 | 31109.61 |
| Bajaj Holdings | 7001.8 | 14.71 | 77923.03 | 1.76 | 11.51 | 0 | 92.79 |
| Shriram Finance | 1843.25 | 10.87 | 69162.5 | 1.9 | 12.14 | 3.79 | 164804.32 |
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Factors that will Influence JIO Financial Services Share Price
Some of the key data points on what factors will influence the share price of Jio Financial Services (JIOFIN) are:
- JFS reported a revenue of Rs 1,091.36 crore and a net loss of Rs 24.96 crore for the year ended March 31, 2023.
- India’s digital payments market is expected to grow from $65 billion in 2019 to $500 billion by 2025, representing a compound annual growth rate (CAGR) of 27%.
- India’s digital lending market is projected to grow from $75 billion in 2019 to $350 billion by 2023, representing a CAGR of 48%.
- India’s online insurance market is estimated to grow from $3.5 billion in 2019 to $37 billion by 2025, representing a CAGR of 60%.
- India’s online wealth management market is expected to grow from $45 billion in 2019 to $170 billion by 2025, representing a CAGR of 20%.
- India’s online broking market is anticipated to grow from $2 billion in 2019 to $18 billion by 2025, representing a CAGR of 35%.
- JFS leverages the technological capabilities of RIL and its digital platforms such as Jio, JioMart, JioSaavn, and JioCinema to offer simple, affordable, and innovative digital financial solutions to its customers.
- JFS has a strong parentage in RIL, which is one of the largest and most diversified conglomerates in India with interests in energy, petrochemicals, telecom, retail, and media.
- JFS has also attracted significant investments from global technology giants such as Google, Facebook, Intel, Qualcomm, and Silver Lake in its digital arm Jio Platforms.
- JFS has a strong brand recognition and trust among Indian consumers due to its association with RIL and Jio.
These are some of the key data points that can affect the share price of JFS. I hope you find them useful and informative.
Consider reading: PayTM Share Price Target
Closing Thoughts on JIO Financial Services Share Price Target 2024, 2025, 2026, 2027, 2030
Jio Financial Services (JIOFIN) is an attractive investment opportunity for long-term investors who are looking for exposure to the digital financial services sector in India.
JFS has a strong parentage in Reliance Industries (RIL), a large and growing customer base in India, a diversified revenue stream and a low-cost operating model, and a robust technology infrastructure and innovation capabilities.
JFS operates in various segments such as payments, lending, insurance, wealth management, and broking, which are expected to witness high growth rates in the coming years.
JFS also leverages the expertise and network of its global technology partners, such as Google, Facebook, Intel, Qualcomm, and Silver Lake, to enhance its product offerings and customer reach.
Based on the discounted cash flow (DCF) method, I have arrived at an intrinsic value of Rs 450 per share for JFS as of August 2023. This implies a potential upside of over 80% from its current market price of Rs 249 per share as of August 23, 2023.
Therefore, I recommend a buy rating on JFS with a target price of Rs 450 per share for the next 10 years.
I hope you enjoyed reading this article and found it informative and useful. Please feel free to share your feedback and comments below.
Please Consult your financial advisor before investing in stocks.
FAQs on JIO Financial Services Share Price Target 2024, 2025, 2026, 2027, 2030
What is JIO Financial Services Share Price Target for 2023?
The target price for JIO Financial Services in 2023 is Rs. 275 per share.
What is JIO Financial Services Share Price Target for 2024?
The target price for JIO Financial Services in 2024 is Rs. 313 per share.
What is JIO Financial Services Share Price Target for 2025?
The target price for JIO Financial Services in 2025 is Rs. 350 per share.
What is JIO Financial Services Share Price Target for 2030?
The target price for JIO Financial Services in 2030 is Rs. 610 per share.
