Buy or Sell: Jio Financial Share Price Target 2024, 2025, 2030, 2035 Long-Term Prediction
Today, we are going to estimate the Jio Financial Share Price Target 2024 to 2050 Long Term Prediction. Jio Financial is listed on the NSE under the symbol “JIOFIN” and on the BSE with the code “543940”. let’s analyze the future of Jio Financial shares as well, including whether it’s a good time to buy or sell them today.
Additionally, we will also take into analysis Jio Financial Share Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation at the end of the article.
Overview of Jio Financial
| Name | Jio Financial Services Ltd |
| Industry | Financial Services |
| Founded | 1999 |
| Services | Financial services including payment services insurance broking |
| Country | India |
| Website | jiofinancial.com |
| Profile | Jio_Financial |
Keep an eye on Jio Financial’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Jio Financial’s stock price.
About Jio Financial Company
Jio Financial Services Ltd is a subsidiary of Reliance Industries Ltd, one of India’s largest conglomerates. Jio Financial aims to be a digital-first financial solution company, democratizing financial services for 1.42 billion Indians. The company’s comprehensive suite of products is aimed at meeting the diverse financial needs of customers with an ability to leapfrog traditional legacy systems and leverage new-age cloud-based solutions.
Jio Financial’s product offerings are broadly included under three segments: consumer lending, merchant lending, and micro, small, and medium enterprises (MSMEs). The portfolio is a combination of both secured and unsecured loans, giving due consideration to customer risk profile and business dynamics.
This includes providing financing options for consumer durables and devices sold through retail stores to begin with. In the medium term, Jio Financial will enhance its product suite to include secured loans.
Jio Financial is well-positioned to gain higher traction across all its business segments given its strong parentage and wide customer base of its parent company. The diversified business model is well-placed to fulfil the financial requirements of the customers. The lending demand moving towards consumption & unsecured finance and the current gap in addressing customer requirements are the strong triggers for the shift in the product mix.
Financial of Jio Financial
Conduct a SWOT analysis of Jio Financial Share based on its financials. We will break down the key elements of strengths, weaknesses, opportunities, and threats using the financial data.
Strengths–
Robust Revenue Growth: Jio Financial’s total revenue shows a significant increase from a mere 629 thousand in 3/30/2021 to 211.9 million in the trailing twelve months (TTM) as of 3/30/2023. This indicates a strong market presence and an expanding customer base.
High Operating Income: The operating income has surged to 438.4 million in the TTM, reflecting efficient operational management and cost control.
Strong Net Income: The net income for common stockholders stands impressively at 312.5 million in the TTM, showcasing solid profitability.
Significant Cash Reserves: The end cash position of 632.3 thousand, along with a high operating cash flow of 20.549 million, indicates robust liquidity and financial health.
Weaknesses–
Fluctuating Gross Profit and Operating Expense: The absence of consistent figures for gross profit and operating expenses in some years could indicate potential instability or changes in business strategy.
Tax Provision Concerns: A high tax provision of 180.9 million in the TTM could impact net profits and investor confidence.
Limited Information on Cost of Revenue: The lack of detailed data on the cost of revenue in some periods makes it difficult to assess the company’s cost efficiency accurately.
Opportunities–
Market Expansion: The rapid growth in revenue suggests room for further expansion in new markets or segments.
Leveraging High Net Income: The substantial net income can be reinvested into the business for innovation, research and development, enhancing competitive advantage.
Debt Capital Utilization: With total debt at 7.427 million and net debt at 6.795 million, there’s an opportunity to leverage debt capital for growth-focused initiatives.
Threats–
Competitive Market Landscape: The financial services sector is highly competitive, and Jio Financial must continually innovate to maintain its market position.
Regulatory Changes: Financial institutions are subject to stringent regulatory environments, and any changes could impact operations and profitability.
Economic Fluctuations: Being in the financial sector, Jio Financial’s performance is susceptible to economic downturns, interest rate changes, and other macroeconomic factors.
An effective method for evaluating the Jio Financial share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on Jio Financial.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 03 JAN 2024 | KRChoksey | 290.00 | Buy |
| 01 NOV 2023 | Geojit BNP Paribas | 258.00 | Buy |
The financial services firm KRChoksey published the latest research report on Jio Financial Share Price Target, assigning a ‘buy’ rating with a share price target of Rs. 290 from its current market price of Rs. 235.
The financial year 2023 witnessed Jio Financial Services reporting a commendable net profit of INR 313 Mn. Emphasizing on a digital-first approach, the company is determined to deepen the penetration of financial services, leveraging advanced cloud-based solutions to outpace traditional legacy systems.
This strategy is complemented by Jio Financial’s strong brand equity, which plays a pivotal role in establishing a robust customer base across its diverse business verticals. The company’s capital base is not only robust to sustain its growth trajectory but also serves as a contingency buffer.
Looking ahead to the financial year 2024, we anticipate the company’s lending business to showcase an Assets Under Management (AUM) figure of INR 46 Bn. This projection aligns with the company’s strategy to enhance its product offerings, tailored to meet consumer needs.
The increasing reliance on mobile applications and the shift towards Unified Payments Interface (UPI) based transactions are expected to significantly boost Jio Financial’s transaction volumes. This is further supported by its association with a vast customer network, including over 450 million telecom subscribers and approximately 250 million retail customers.
A notable partnership with Blackrock for the Asset Management Company (AMC) business is anticipated to result in an AUM of around INR 23.3 Bn in FY24, post-license approval and product launch. This optimistic outlook is fueled by the industry’s growth prospects, Jio Financial’s formidable brand presence, and its well-curated product basket.
In recognition of these promising dynamics, we initiate coverage on Jio Financial Services with a ‘BUY’ rating. We have set a target price of INR 290 per share, signifying a 23.2% upside from its current market price (CMP) of INR 235. This valuation is based on a Price/Adjusted Book Value (P/ABV) multiple of 2.0x, factoring in a Holding Company discount of 20.0%.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Jio Financial Share Price Target 2024, 2025, 2030 to 2050 based on our Research knowledge and forecasting.
| Year | Minimum Target Price (₹) | Maximum Target Price (₹) |
|---|---|---|
| 2024 | ₹ 280 | ₹ 310 |
| 2025 | ₹ 320 | ₹ 360 |
| 2026 | ₹ 370 | ₹ 410 |
| 2027 | ₹ 420 | ₹ 470 |
| 2028 | ₹ 480 | ₹ 540 |
| 2029 | ₹ 550 | ₹ 620 |
| 2030 | ₹ 630 | ₹ 710 |
| 2035 | ₹ 900 | ₹ 1000 |
| 2040 | ₹ 1200 | ₹ 1400 |
| 2050 | ₹ 1800 | ₹ 2000 |
Peer Comparison of Jio Financial
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Bajaj Finance | 34.78 | 456290.22 |
| Bajaj Finserv | 36.05 | 267603.70 |
| Jio Financial | 5927.45 | 149016.17 |
| Cholaman.Inv.&Fn | 34.46 | 104164.76 |
| Bajaj Holdings | 16.29 | 90309.23 |
| Shriram Finance | 11.94 | 78479.98 |
| SBI Cards | 31.77 | 73137.29 |
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– As of 3 January 2024, the current share price of Jio Financial is ₹234.75 Check out today’s current share price of Jio Financial in the top.
– According to Google historical data, the price of Jio Financial on 25 AUG 2023 was ₹214.50
– The latest research report from KRChoksey sets a Jio Financial Share Price Target of Rs. 290
– Based on our analysis, the maximum Jio Financial Share Price Target in 2025 is projected to be ₹360.
– Based on our analysis, the maximum Jio Financial Share Price Target in 2027 is projected to be ₹470.
– Based on our analysis, the maximum Jio Financial Share Price Target in 2030 is projected to be ₹710.
– Based on our analysis, the maximum Jio Financial Share Price Target in 2035 is projected to be ₹1000.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices.
Disclaimer– These Share Price Targets for “Jio Financial Share Price Target” are only provided for informational purposes. It does not constitute a recommendation to buy, sell, or hold Jio Financial stock. Investors should conduct their research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
