--- title: "Jio Platforms (JPL) Share Price, Financials & Research" symbol: "JPL" company: "Jio Platforms" canonical: "https://tapetide.com/stocks/JPL" isin: "INE0BJO01010" nse_symbol: "JPL" generated_at: "2026-11-05T01:31:08.711Z" --- # Jio Platforms (JPL) Canonical page: https://tapetide.com/stocks/JPL ## Key Facts - **Price:** ₹1,421.70 as of 4 Nov 2026, 15:59 IST - **P/E (TTM):** 40.05 as of 4 Nov 2026 - **Promoter holding:** 66.43% in Jun 2026 ## Company - **NSE symbol:** JPL - **ISIN:** INE0BJO01010 - **In the F&O segment:** No ## Latest Price - **Price:** ₹1,421.70 - **Change:** No trade today - **Previous Close:** ₹1,421.70 - **As of:** 4 Nov 2026, 15:59 IST ## Key Fundamentals Price-based figures as of 4 Nov 2026, 15:59 IST · TTM. - **ROCE:** 8.94% - **EPS (TTM):** ₹35.50 - **Book Value:** ₹397.64 - **P/E (TTM):** 40.05 - **P/B:** 3.58 - **ROE:** 8.92% - **Dividend Yield:** 0.00% - **52W High:** ₹1,489.70 - **52W Low:** ₹1,357.00 ## Technical Indicators As of 4 Nov 2026. | Group | Signal | Bearish | Neutral | Bullish | | --- | --- | ---: | ---: | ---: | | Overall | Neutral | 0 | 19 | 0 | | Oscillators | Neutral | 0 | 9 | 0 | | Moving Averages | Neutral | 0 | 10 | 0 | ### Oscillators: Neutral | Name | Value | Signal | | --- | ---: | --- | | RSI (14) | — | Neutral | | MACD (12,26,9) | — | Neutral | | Stochastic (14,3,3) | — | Neutral | | ADX (14) | — | Neutral | | Williams %R (14) | — | Neutral | | ATR (14) | — | Neutral | | ROC (12) | — | Neutral | | Stoch RSI (14) | — | Neutral | | UO (7,14,28) | — | Neutral | ### Moving Averages: Neutral | Name | Value | Signal | | --- | ---: | --- | | SMA (10) | — | Neutral | | EMA (10) | — | Neutral | | SMA (20) | — | Neutral | | EMA (20) | — | Neutral | | SMA (50) | — | Neutral | | EMA (50) | — | Neutral | | SMA (100) | — | Neutral | | EMA (100) | — | Neutral | | SMA (200) | — | Neutral | | EMA (200) | — | Neutral | ### Pivot Points | Level | Classic | Fibonacci | Camarilla | | --- | ---: | ---: | ---: | | R3 | 1,488.14 | 1,471.57 | 1,433.11 | | R2 | 1,471.57 | 1,455.72 | 1,429.31 | | R1 | 1,446.64 | 1,445.92 | 1,425.50 | | PP | 1,430.07 | 1,430.07 | 1,430.07 | | S1 | 1,405.14 | 1,414.22 | 1,417.90 | | S2 | 1,388.57 | 1,404.42 | 1,414.09 | | S3 | 1,363.64 | 1,388.57 | 1,410.29 | ## Analyst Rating Based on 4 analysts. 3 of 4 analysts rate Buy, 1 Hold, 0 Sell. As of 4 Nov 2026. | Rating | Analysts | Share | | --- | ---: | ---: | | Buy | 3 | 75% | | Hold | 1 | 25% | | Sell | 0 | 0% | ## Analyst Forecasts Consensus of analyst estimates, as of 4 Nov 2026. Low and High are the range of the estimates, not a confidence interval. ### EBITDA (annual) FY27 consensus: ₹69,071 Cr (-9.4% vs ₹76,255 Cr in FY26). | Period | Mean | Low | High | | --- | ---: | ---: | ---: | | FY27 | ₹69,071 Cr | ₹8,180 Cr | ₹89,848 Cr | | FY28 | ₹98,765 Cr | ₹95,590 Cr | ₹1,02,284 Cr | ### EPS (annual) FY27 consensus: ₹37.16 (+10.5% vs ₹33.63 in FY26). | Period | Mean | Low | High | | --- | ---: | ---: | ---: | | FY27 | ₹37.16 | ₹34.60 | ₹42.70 | | FY28 | ₹47.95 | ₹44.41 | ₹52.10 | ### Net Income (annual) FY27 consensus: ₹33,649 Cr (+12.0% vs ₹30,053 Cr in FY26). | Period | Mean | Low | High | | --- | ---: | ---: | ---: | | FY27 | ₹33,649 Cr | ₹31,352 Cr | ₹39,277 Cr | | FY28 | ₹43,106 Cr | ₹38,887 Cr | ₹47,932 Cr | ### Price (quarterly) Mar 2027 consensus: ₹1,373.00. | Period | Mean | Low | High | | --- | ---: | ---: | ---: | | Mar 2027 | ₹1,373.00 | ₹1,340.00 | ₹1,435.00 | ### Revenue (annual) FY27 consensus: ₹1,62,555 Cr (+8.5% vs ₹1,49,759 Cr in FY26). | Period | Mean | Low | High | | --- | ---: | ---: | ---: | | FY27 | ₹1,62,555 Cr | ₹1,44,162 Cr | ₹1,73,095 Cr | | FY28 | ₹1,87,716 Cr | ₹1,68,432 Cr | ₹1,95,487 Cr | ### ROA (annual) FY27 consensus: 7.7% (+2.2 pp vs 5.5% in FY26). | Period | Mean | Low | High | | --- | ---: | ---: | ---: | | FY27 | 7.7% | 5.3% | 10.0% | | FY28 | 9.2% | 6.7% | 11.7% | ### ROE (annual) FY27 consensus: 9.4% (+0.5 pp vs 8.9% in FY26). | Period | Mean | Low | High | | --- | ---: | ---: | ---: | | FY27 | 9.4% | 8.7% | 10.6% | | FY28 | 10.7% | 9.9% | 12.1% | ## AI Analysis — Bull vs Bear AI-generated opinion, based on fundamentals. Figures as of 29 Oct 2026. Not investment advice, and not a recommendation to buy, sell or hold. Statements that rate the stock or set a price target are left out of this copy. - **Risk (AI assessment):** High Jio Platforms trades at ₹1,421.6 as of 2026-10-29, implying a market capitalisation of ₹13.60 lakh crore and a trailing P/E of 85.64x. FY26 revenue grew 14.6% year-on-year to ₹1.47 lakh crore with PAT of ~₹30,049 crore, while the subscriber base stood at 533.3 million including 284.9 million 5G users, though total borrowings of ₹70,781 crore and a monthly churn rate of ~1.67% remain areas to watch. ### Bull Case - FY26 revenue grew 14.6% YoY to ₹1,46,885 crore, with EBITDA expanding 38.75% over the preceding two years, indicating strong operating leverage as the 5G build-out matures. - Subscriber base of 533.3 million with ~60% share of India's wireless data traffic provides scale that is difficult for competitors to replicate; net additions of ~8 million were estimated in Q2 FY27 alone. - ARPU has risen from ₹181.7 in FY24 to ₹215.6 by June 2026, with brokerage estimates pointing toward ₹218-219.5 in Q2 FY27, demonstrating pricing power without material subscriber loss. - Capex intensity dropped sharply from 35% of revenue in FY25 to 23% in FY26 — a 36% absolute decline — freeing up significant free cash flow now that the heavy 5G investment cycle is largely behind. - Net debt fell from ₹48,440 crore in March 2024 to ₹27,579 crore in March 2026, and ~₹27,500 crore of IPO proceeds are earmarked for further debt prepayment, potentially bringing the company close to net-debt-free status. - 284.9 million 5G subscribers as of June 2026 represent the fastest 5G ramp-up in the country, positioning the platform for higher-value data and enterprise services. - The stock is trading at ₹1,421.6 versus a 52-week low of ₹1,357, only ~4.6% below its 52-week high of ₹1,489.7, reflecting sustained investor demand since listing. ### Bear Case - A trailing P/E of 85.64x against an EPS of ₹16.6 prices in significant future growth; any miss on ARPU or subscriber targets could trigger a meaningful de-rating. - Total borrowings stood at ₹70,781 crore as of March 2026 — even after applying ~₹27,500 crore of IPO proceeds, over ₹43,000 crore remains on the balance sheet. - ROE of 8.92% and ROCE of 8.94% are modest for a company commanding a ₹13.60 lakh crore market cap, suggesting capital is not yet generating returns commensurate with its valuation premium. - Monthly subscriber churn of ~1.67% implies roughly 8-9 million customers leave every month, requiring continuous acquisition spending to maintain net growth. - Zero dividend yield as of 2026-10-29 means investors are entirely dependent on capital appreciation, with no income cushion during potential drawdowns. - Telecom subsidiary Reliance Jio Infocomm contributes 87.34% of consolidated revenue, leaving diversification into digital services still relatively nascent. - The P/B ratio of 3.58x on book value built largely through heavy capex cycles means any impairment or write-down of network assets would directly erode equity value. - The stock has traded within a narrow 52-week band of ₹1,357–₹1,489.7 (less than 10% width), indicating limited price discovery so far given the recent listing, which raises the risk of wider volatility as lock-ups expire and free float increases. This is AI-generated analysis, not financial advice. Do your own due diligence. ## AI News Digest AI-generated summary of recent news, generated 4 Nov 2026. Not investment advice, and not a recommendation to buy, sell or hold. Statements that rate the stock or set a price target are left out of this copy. **TL;DR:** Jio Platforms delivered a strong post-listing debut with Q2FY27 showing 13.7% profit growth, 250 bps margin expansion, and 300M 5G subscribers. The balance sheet is rapidly deleveraging (net debt down 79% YoY) and free cash flow is surging as capex intensity normalizes. Key risks include stretched valuations at 43.86x P/E, rising finance costs from 5G capitalization, and significant share lock-in expiries through April 2027. The trend is firmly positive near-term with potential index inclusion and tariff hikes as catalysts, though sustaining premium multiples will require demonstrating superior capital returns. ### Headwinds - **Finance costs jumped 40%** (Oct 30): Finance costs surged 40% to ₹3,009 crore in Q2FY27 due to capitalization of 5G assets in March 2026, weighing on bottom-line growth despite strong operating performance. - **ROCE dipped to 11%** (Oct 30): Return on capital employed fell to 11.0% from 12.5% YoY as heavy 5G infrastructure investment expanded the capital base faster than earnings. ROCE of 10.8% and RoNW under 10% remain subdued. - **Lock-in expiries ahead** (Oct 30): Anchor investor lock-ins expire Nov 24 (50%) and Jan 25, 2027 (remaining 50%); pre-IPO shareholders' 299.78 crore shares (32.5% equity) unlock Apr 26, 2027, creating potential supply overhang. - **MTN tech deal stalled** (Nov 4): Previous negotiations with MTN Group for technology licensing collapsed due to disagreements on valuation and licensing terms, highlighting execution risk in international expansion plans. ### Positives - **Strong Q2 earnings, margins expand** (Nov 2): Q2FY27 net profit rose 13.7% to ₹8,387 crore on revenue of ₹47,485 crore (+11.3% YoY). EBITDA grew 16.6% to ₹21,879 crore with margin expanding 250 bps to 51.7%, and incremental margins hit ~88%. - **300M 5G users milestone** (Nov 1): 5G subscriber base crossed 300 million (adding 15M in Q2), making Jio the largest 5G operator outside China. Total customer base reached 542.4 million with monthly churn dropping to 1.6%. - **Blockbuster IPO, ₹30,213 crore raised** (Oct 28): India's largest-ever IPO was subscribed 22-24.5x with ₹7.4 lakh crore demand. Stock listed at ₹1,358 (21.36% premium) and rallied to ₹1,490, gaining 33% from issue price of ₹1,119. - **Net debt slashed 79% YoY** (Nov 1): Net debt fell to ₹8,822 crore from ₹41,161 crore a year ago, with net leverage plummeting to 0.10x from 0.55x. IPO proceeds of up to ₹27,500 crore earmarked for further debt repayment. - **Free cash flow surging** (Oct 30): H1 FY27 free cash flow reached ₹32,130 crore (+98% YoY). EBITDA less capex jumped 52.5% YoY to ₹15,449 crore as capex intensity dropped from 49% of revenue in FY24 to 23% in FY26. - **Nifty 50 entry expected Sep 2027** (Oct 30): Potential Nifty 50 inclusion by Sep 2027 and Sensex by Dec 2027 could trigger ₹36,500 crore in passive fund buying over 11-14 months, 21% more than total IPO proceeds. - **ARPU growth trajectory intact** (Nov 1): ARPU rose to ₹218.80, up 3.5% YoY and 1.5% QoQ, driven organically by customer mix and consumption. Analysts expect ~15% industry tariff hike around Nov-Dec 2026 or Mar 2027. - **Digital services growing fast** (Oct 30): Digital services revenue grew 16% YoY (4% QoQ) with EBITDA up 48% YoY. Fixed broadband reached 30 million homes with JioAirFiber adding 7.3 million customers (+32% YoY). ### Neutral - **Comcast, Charter tech licensing talks** (Nov 4): Jio is in discussions with Comcast and Charter Communications to license its unlicensed band radio (UBR) technology for equity stakes, targeting 10-15 international partnerships. - **India's most widely held stock** (Oct 28): Jio emerged as India's most widely held stock with 79.6 lakh shareholders post-IPO, up from just 104 pre-IPO. The company became the world's fifth-most valuable telecom at $137.3 billion market cap. - **Akash Ambani signals AI, 6G focus** (Oct 28): Management outlined next-decade priorities including AI, cloud computing, connected devices, satellite connectivity, and 6G IP development, positioning Jio as an integrated tech platform beyond telecom. ## Financial Statements No financial statements are available for this company yet. ## Shareholding Pattern ### Quarterly Shareholding Holdings in % of shares; shareholders as a count. | Holder | Jun 2026 | | --- | ---: | | Promoters | 66.43% | | FIIs | 0.00% | | DIIs | 0.00% | | Government | 0.00% | | Public | 0.00% | | Others | 33.57% | | No. of Shareholders | 105 | ## Documents ### Concalls | Month | Call documents | | --- | --- | | 1 Nov 2026 | [Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68edf64b-d06a-430b-b4fb-3f7577fae655.pdf) | | 31 Oct 2026 | [Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e90fc029-4637-4896-ab38-33e0410ef4d4.pdf) | | 30 Oct 2026 | [Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f1a5f39-c1d2-4146-9810-cbe30586532c.pdf) | ### Results | Date | Document | | --- | --- | | 30 Oct 2026 | [Unaudited Financial Results (Consolidated And Standalone) For The Quarter And Half Year Ended September 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e676e9db-6f51-407d-be91-94755536346e.pdf) | ### Exchange filings | Date | Document | Category | | --- | --- | --- | | 30 Oct 2026 | [Board Meeting Outcome for Unaudited Financial Results (Consolidated And Standalone) For The Quarter And Half Year Ended September 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=256e8b05-4481-449e-84f9-aea1b835faef.pdf) | Outcome | | 30 Oct 2026 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93427a91-93d9-43f3-a585-6aa013f331a3.pdf) | General announcements | | 28 Oct 2026 | [Board Meeting Intimation for Considering And Approving The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17614d83-ac96-4e06-bcde-a65a3828e588.pdf) | Intimation | | 28 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa162cf3-499d-4a70-a37d-72c5e12f3ea6.pdf) | General announcements | | 28 Oct 2026 | [Disclosure Under Regulation 30(5) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=746832d6-97db-4603-a452-a61b584951f2.pdf) | General announcements | | 28 Oct 2026 | [Codes Under The Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2541b1a1-0d7c-403a-9ce1-0e39018d281c.pdf) | General announcements | | 28 Oct 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff02997f-cc15-46d1-bff3-f02a0e563324.pdf) | Intimation | ## Frequently Asked Questions about Jio Platforms ### Where is Jio Platforms (JPL) listed? Jio Platforms trades as JPL on the NSE. ### What is the PE ratio of Jio Platforms? Jio Platforms trades at a PE ratio of 40.05 as of 4 Nov 2026, on earnings per share of ₹35.5, against a book value of ₹397.64 per share. ### What is the 52-week high and low of Jio Platforms? Over the last 52 weeks Jio Platforms has traded between ₹1,357 and ₹1,489.7 as of 4 Nov 2026. ### What is the Return on Equity (ROE) of Jio Platforms? Jio Platforms reported a return on equity of 8.92%. ## Company Information - **Listed:** 28 Oct 2026 --- Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time. Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text. For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser. Generated 5 Nov 2026, 07:01 IST.