Jio Financial Services Limited (JFSL) is the financial services arm of Reliance Industries Limited, India’s largest conglomerate. The company aims to revolutionize financial inclusion by offering a wide array of innovative and technology-driven financial products and services. Its portfolio includes lending, insurance, payments, asset management, and other financial solutions designed to cater to both retail and commercial customers. The Jio Financial Services share price on the NSE as of December 19, 2024, is 311 INR. Here’s an in-depth look at Jio Financial Services share price target from 2025 to 2040.
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Jio Financial Services Company Overview
JFS adopts a customer-centric and technology-driven business model, integrating advanced analytics and AI to enhance product delivery and customer experience. Its offerings are designed to bridge the financial inclusion gap, particularly in underserved regions, by providing innovative, accessible, and affordable solutions. With a commitment to sustainable and inclusive growth, JFS is poised to transform the financial services landscape in India, aligning with the broader vision of accelerating India’s digital transformation.
| Company type | Public |
| Traded as | BSE: 543940 NSE: JIOFIN |
| ISIN Code | NE758E01017 |
| Industry | Finance |
| Founded | 1999 |
| Headquarters | Mumbai, India |
| Area served | India |
| Founder | Mukesh Ambani |
| Key people | Hitesh Sethia (CEO) K. V. Kamath Rajiv Mehrishi Ambani family |
| Services | Financial services company |
| Revenue | ₹638.06 crore (2024) |
| Net Profit | ₹383.47 crore (2024) |
| Total assets | ₹24408.42 crore (2024) |
| Number of employees | 67000 |
| Subsidiaries | Jio Finance Jio Insurance Broking Jio Payment Solutions Jio Leasing Services Jio Payments Bank (82.17%) |
| Website | www.jfs.in |
Jio Financial Services Stock Price Forecast From 2025 to 2040
| Year | Year-High Target (₹) | Year-Low Target (₹) | Year-End Target (₹) |
| 2024 | 370 | 250 | 340 |
| 2025 | 510 | 320 | 465 |
| 2026 | 600 | 430 | 585 |
| 2027 | 740 | 570 | 710 |
| 2028 | 920 | 685 | 880 |
| 2029 | 1030 | 855 | 960 |
| 2030 | 1190 | 910 | 1135 |
| 2035 | 1870 | 1065 | 1750 |
| 2040 | 2535 | 1680 | 2285 |
Technical Analysis for Jio Financial Services
Jio Financial Services Share Price Target For 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹ 485 | ₹ 510 |
Jio Financial Services is set to leverage its extensive reach and technological innovation to deliver strong growth in the financial sector. With its strategic focus on digital financial products and scalable operations, the company is well-positioned to capture market opportunities. For 2025, our analysis projects a first target share price of ₹485, with a second target reaching up to ₹510 by the year-end.
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Jio Financial Services Share Price Target For 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹560 | ₹ 600 |
By 2026, Jio Financial Services is expected to expand its portfolio and deepen its market penetration, particularly in underserved segments. Its continued investment in technology-driven solutions and customer-centric services is likely to boost its valuation. The first target share price for 2026 is projected at ₹560, with a second target of ₹600.
Jio Financial Services Share Price Target For 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹710 | ₹ 740 |
In 2027, Jio Financial Services is anticipated to further strengthen its leadership in the digital finance space, benefiting from robust growth in financial inclusion initiatives and digital adoption. The company’s share price is expected to reach a first target of ₹710, with a second target of ₹740 by year-end, reflecting its growth trajectory.
Jio Financial Services Share Price Target For 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹865 | ₹ 920 |
Jio Financial Services’ consistent focus on innovation and expansion into new financial products could drive significant growth by 2028. With a well-established presence in the sector, the company is forecasted to achieve a first target share price of ₹865 and a second target of ₹920.
Jio Financial Services Share Price Target For 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹970 | ₹ 1030 |
By 2029, Jio Financial Services is likely to capitalize on evolving market trends and its vast digital ecosystem, enabling sustainable growth. Our analysis estimates a first target share price of ₹970, with a second target of ₹1030, showcasing its continued upward momentum.
Jio Financial Services Share Price Target For 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹1100 | ₹ 1190 |
Jio Financial Services is expected to solidify its market leadership by 2030, supported by its innovative financial solutions and strategic partnerships. The projected first target share price stands at ₹1100, with a second target of ₹1190, reflecting the company’s long-term growth potential.
Jio Financial Services Share Price Target For 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹1690 | ₹ 1870 |
By 2035, Jio Financial Services is poised to reach new heights, driven by its commitment to digital transformation and expanding market share. The company’s first target share price is projected at ₹1690, with a second target of ₹1870, highlighting its robust growth outlook.
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Jio Financial Services Share Price Target For 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹2350 | ₹ 2535 |
Looking towards 2040, Jio Financial Services is expected to maintain its leadership position in the financial sector, driven by its ability to adapt to changing market dynamics and leverage emerging opportunities. The first target share price for 2040 is estimated at ₹2350, with a second target of ₹2535, signaling long-term value creation for investors.
Jio Financial Services Limited Peer comparison
| Sector: Finance | Industry: Finance & Investments | |||
| Name | P/E | NP Qtr ₹Cr. | Qtr Profit Var % | Sales Qtr ₹Cr. |
| Bajaj Finance | 26.55 | 4013 | 12.64 | 17090 |
| Bajaj Finserv | 29.98 | 4180 | 8.19 | 33703 |
| Jio Financial | 126 | 689 | 3.13 | 693 |
| Bajaj Holdings | 15.86 | 1510 | -3.67 | 279 |
| Shriram Finance | 13.55 | 2153 | 17.99 | 10089 |
| Cholaman.Inv.&Fn | 26.97 | 967 | 25.22 | 6255 |
| HDFC AMC | 40.48 | 576 | 31.84 | 887 |
Jio Financial Services Limited Fundamentals
| Metric | Value |
| Market Cap | ₹1,98,956 Cr |
| P/E Ratio (TTM) | 123.77 |
| P/B Ratio | 1.45 |
| Industry P/E | 18.75 |
| Debt to Equity | 0.00 |
| ROE | 1.17% |
| EPS (TTM) | 2.53 |
| Dividend Yield | 0.00% |
| 52 Week High | ₹394 |
| 52 Week Low | ₹229 |
| Book Value | 215.86 |
| Face Value | 10 |
Jio Financial Services Limited Financial Results
| Mar 2023 | Mar 2024 | TTM | |
| Sales | 45 | 1,855 | 1,943 |
| Expenses | 6 | 296 | 406 |
| Operating Profit | 39 | 1,559 | 1,537 |
| OPM % | 88% | 84% | 79% |
| Other Income | 10 | 429 | 432 |
| Interest | 0 | 10 | 0 |
| Depreciation | 0 | 22 | 22 |
| Profit before tax | 49 | 1,956 | 1,948 |
| Tax % | 37% | 18% | |
| Net Profit | 31 | 1,605 | 1,606 |
| EPS in Rs | 2.53 | 2.52 |
Jio Financial Services Limited Balance Sheet
| Mar 2023 | Mar 2024 | Sep 2024 | |
| Equity Capital | 2 | 6,353 | 6,353 |
| Reserves | 1,14,118 | 1,32,794 | 1,30,791 |
| Borrowings | 743 | 0 | 0 |
| Other Liabilities | 66 | 5,715 | 7,078 |
| Total Liabilities | 1,14,930 | 1,44,863 | 1,44,222 |
| Fixed Assets | 158 | 172 | 171 |
| CWIP | 38 | 3 | 0 |
| Investments | 1,08,141 | 1,33,292 | 1,37,439 |
| Other Assets | 6,593 | 11,395 | 6,613 |
| Total Assets | 1,14,930 | 1,44,863 | 1,44,222 |
Jio Financial Services Limited Shareholding Pattern
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters | 46.77% | 47.12% | 47.12% | 47.12% | 47.12% |
| FIIs | 21.58% | 19.83% | 19.45% | 17.55% | 16.88% |
| DIIs | 13.64% | 12.99% | 12.50% | 11.79% | 11.39% |
| Government | 0.13% | 0.14% | 0.14% | 0.15% | 0.15% |
| Public | 17.86% | 19.92% | 20.77% | 23.39% | 24.46% |
| No. of Shareholders | 39,83,144 | 40,83,129 | 43,99,041 | 48,02,851 | 48,60,795 |
FAQs
Q.1. What is Jio Finance share price target for 2025?
Ans: The Jio Financial Services share price in 2025 is projected to reach ₹485 as the first target and ₹510 as the second target. These projections are based on the company’s anticipated growth and market dynamics over the short term.
Q.2. What is Jio Finance share price target for 2026?
Ans: In 2026, the share price target for Jio Finance is estimated to be ₹560 as the first target and ₹600 as the second target. These figures highlight the company’s steady progress and increasing investor confidence.
Q.3. What is Jio Finance share price target for 2027?
Ans: For 2027, Jio Finance is expected to achieve a share price target of ₹710 as the first target and ₹740 as the second target. This projection reflects the company’s long-term strategic growth initiatives.
Q.4. What is Jio Finance share price target for 2028?
Ans: By 2028, Jio Finance’s share price is projected to reach ₹865 as the first target and ₹920 as the second target. These values represent the company’s strong financial performance and sustained growth in the market.
Q.5. What is Jio Finance share price prediction for 2029?
Ans: In 2029, the Jio Financial Services share price is anticipated to hit ₹970 as the first target and ₹1030 as the second target. This forecast is based on the company’s robust operational capabilities and market trends.
Q.6. What is Jio Finance share price target for 2030?
Ans: For 2030, Jio Finance is projected to reach ₹1100 as the first target and ₹1190 as the second target. These targets signify the company’s potential to deliver exceptional shareholder value over the decade.
Q.7. What is Jio Finance share price prediction for 2035?
Ans: By 2035, Jio Financial Services share price is expected to attain ₹1690 as the first target and ₹1870 as the second target. These long-term projections underscore the company’s ability to capitalize on future opportunities and maintain strong growth momentum.
Q.8. What is JIOFIN share price target For 2040?
Ans: Looking ahead to 2040, Jio Financial Services share price is forecasted to reach ₹2350 as the first target and ₹2535 as the second target. These targets reflect the company’s sustained market leadership and innovative business strategies.
Q.9. Who is the current CEO of Jio Financial Services?
Ans: Hitesh Kumar Sethia is the current Managing Director and CEO of Jio Financial Services. He officially assumed the role on November 15, 2023, for a three-year term.
Q.10. What was Hitesh Kumar Sethia’s background before becoming CEO?
Ans: Prior to his appointment, Sethia was the Head of Financial Services at Reliance Industries starting in January 2023. Before that, he held leadership roles at ICICI Bank, including heading Transaction Banking and managing international operations in Germany and Hong Kong.
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