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Every ratio from the Fundamental Analysis track, computed on a real company and annotated with what the number actually means. Then the three financial statements, so you can do the cash-flow check yourself.
Jio Financial Services Limited, through its subsidiaries, engages in the business of investing and financing, insurance broking, payment bank and payment aggregator, and payment gateway services in India. The company provides loans, savings accounts, recharges, fixed deposits, digital insurance, financial tracking, management tools, digital banking, UPI bill payments, and insurance advisory; and asset and wealth management, and broking services, as well as supply chain and vendor financing and enterprise leasing solutions for devices and cars to corporates, gold, and leasing solutions to individuals and businesses. It also provides insurance broking services, such as car, bike, health, and life insurances. In addition, it offers, wallet, toll processing on national highways, cash management services, and payment solutions such as, AePS, direct benefit transfer; debit cards; payment systems, including aadhaar enabled payment, personalised investment advice, and tax planning and filing. Further, it provides home loan; loan against property, mutual funds, and shares; solar financing; and corporate and supply chain finance. The company was formerly known as Reliance Strategic Investments Limited and changed its name to Jio Financial Services Limited in July 2023. Jio Financial Services Limited was incorporated in 1999 and is based in Mumbai, India.
How the price compares to earnings, assets and cash generation.
You are paying 67.5 years of current profit for each share. The earnings yield is 1.5%. The tracked Banking & Finance median is 20.4× (n=15), so this trades richer than its peers.
The market values the company at 1.0× its accounting net worth. High is normal for asset-light businesses and unusual for banks.
Not available.
Pays 0.28% of the current price out each year. Remember that yield rises when price falls — check the dividend is covered by cash flow.
Based on the next-year earnings estimate — 47.6× against 67.5× trailing. A forward P/E well below trailing is pricing in an earnings jump; treat the forecast with caution.
You pay 37.3× annual sales. Useful when earnings are depressed or negative and P/E breaks down — but a high multiple needs high margins to justify it.
Returns on capital and margins, the numerical shadow of a moat.
Not available.
Not available.
Keeps ₹63.3 of operating profit from every ₹100 of sales. Compare only against companies in the same industry.
Sustained high net margins are evidence that something is stopping competitors from competing the profits away.
Keeps ₹100.0 of gross profit per ₹100 of sales, before operating costs. A high, stable gross margin is the clearest single sign of pricing power.
Leverage and liquidity. This is where fragility shows up first.
A conservative balance sheet that can absorb a downturn without a crisis.
Not available.
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Against cash of ₹3598.29 Cr. Net debt is what matters, not gross borrowings.
Not available.
Revenue and earnings momentum, and how the two compare.
Ask where the growth came from: more volume, higher prices, or an acquisition. They are very different in quality.
Profits are growing slower than sales, meaning margins are compressing. The company may be buying its growth.
EBITDA of — and operating cash flow of —.
Not available.
The figures quoted per share, and how much profit is handed back to owners.
₹3.15 of profit earned per share over the last twelve months. Price divided by this is the trailing P/E.
The accounting net worth behind each share is ₹211.44; price-to-book compares the market price with this.
Pays out 16% of profit as dividends and retains the rest. Above roughly 85% leaves little to reinvest and is hard to sustain through a weak year.
Market cap plus net debt — closer to what an acquirer actually pays. Against a market cap of ₹1,40,317 Cr.
Nine yes/no tests of profitability, funding and efficiency across the last two years; higher is stronger. A test is dropped only where the data is missing, so the score is out of 9.
Reported figures, most recent year first. All values in rupees.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ₹3185.31 Cr | ₹1347.39 Cr | ₹1170.60 Cr | ₹21.19 Cr |
| Cost of revenue | ₹339.79 Cr | ₹189.47 Cr | ₹104.62 Cr | ₹0.00 |
| Gross profit | ₹2845.52 Cr | ₹1157.92 Cr | ₹1065.98 Cr | ₹21.19 Cr |
| Operating expenses | ₹554.55 Cr | -₹24.07 Cr | ₹154.63 Cr | -₹22.65 Cr |
| Operating income | ₹2290.97 Cr | ₹1181.99 Cr | ₹911.35 Cr | ₹43.84 Cr |
| Interest expense | ₹745.09 Cr | ₹7.65 Cr | ₹10.27 Cr | ₹0.00 |
| Pre-tax income | ₹1911.66 Cr | ₹1946.91 Cr | ₹1955.89 Cr | ₹49.34 Cr |
| Tax | ₹350.76 Cr | ₹334.32 Cr | ₹351.34 Cr | ₹18.09 Cr |
| Net profit | ₹1560.90 Cr | ₹1612.59 Cr | ₹1604.55 Cr | ₹31.25 Cr |