Case study

JSFB

Jana Small Finance Bank Ltd

Mixed signals1y model +2.8%

Each stock's 10,000-path forecast, rendered as light.

49Score

Jana Small Finance Bank Ltd (JSFB) Stock Analysis & Case Study

Is JSFB a good buy? The data-driven verdict.

Jana Small Finance Bank Ltd (JSFB) trades at ₹549,on the numbers it mixed signals, a Downstox Snapshot Score of 49/100.

On the numbers, Jana Small Finance Bank Ltd (JSFB) mixed signals, a Downstox Snapshot Score of 49/100, weighing fairly valued at 15.3× earnings, ROE of 7.6%, a 53% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

JSFB fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹5,808 Cr
Current price
₹549
P/E ratio
15.3×
P/B ratio
1.30×
Book value
₹421
ROCE
7.5%
ROE
7.6%
Piotroski F-Score
5/8

How JSFB ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for JSFB, as of 9 Aug 2026, so it is not ranked here.

Is JSFB overvalued? JSFB P/E vs peers

JSFB trades at 15.3× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

JSFB share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.4y of JSFB history (16%/yr drift, 41%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
JSFB 2027₹331₹565₹965+3%
JSFB 2028₹277₹580₹1,216+6%
JSFB 2029₹240₹597₹1,483+9%
JSFB 2030₹214₹613₹1,762+12%
JSFB 2031₹197₹630₹2,021+15%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability JSFB goes up, or doubles?

53%
Higher in 1 year
Modelled chance the price is above today in 12 months
56%
Higher in 5 years
Modelled chance the price is above today in 5 years
27%
Doubles in 5 years
Modelled chance of reaching ₹1,099 within 5 years

The bull case for JSFB

  • JSFB's P/E of 15.3x is lower than 73% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Low price-to-book of 1.30×, the market is paying little over the company's net assets.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,483.

The bear case & risks

  • JSFB's return on equity of 7.6% ranks in the 39th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹240.

JSFB volatility & expected range, how bumpy is the ride?

Over the last 2.4 years JSFB compounded at 16%/year with annualized volatility of 41%. That volatility implies a 1-year 80% range of ₹331-₹965, the honest backbone behind any single price target.

JSFB price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.4 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
2.8%
80% range₹331-₹965
P(price ↑)53%
P(price 2×)5%
3-Year Forecast
2029
₹0
Median (P50)
8.6%
80% range₹240-₹1,483
P(price ↑)55%
P(price 2×)19%
5-Year Forecast
2031
₹0
Median (P50)
14.8%
80% range₹197-₹2,021
P(price ↑)56%
P(price 2×)27%

JSFB price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
JSFB simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds JSFB hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the JSFB price target & forecast page.

JSFB Piotroski F-Score: 5/8, how financially strong is it?

5/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. JSFB scores 5/8, mixed financial health.

JSFB MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy JSFB with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox35.00%2.9×
Zerodha34.71%2.9×
Groww34.85%2.9×
Dhan34.71%2.9×
Kotak Neo34.97%2.9×
Paytm Money34.90%2.9×
PocketfulCHEAPEST34.32%2.9×
Fyers34.48%2.9×
Anand Rathi34.71%2.9×
Bajaj Broking40.00%2.5×
Share India34.82%2.9×

Compare every broker on the JSFB MTF page.

About Jana Small Finance Bank Ltd: sector, index & market-cap context

Jana Small Finance Bank Ltd (JSFB) is a small-cap NSE-listed company, with a market capitalisation of ₹5,808 Cr. See more stocks on our screener.

How the JSFB Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Jana Small Finance Bank Ltd's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

JSFB analysis, FAQs

Is Jana Small Finance Bank Ltd (JSFB) a good buy?

On the numbers, Jana Small Finance Bank Ltd (JSFB) mixed signals, a Downstox Snapshot Score of 49/100, weighing fairly valued at 15.3× earnings, ROE of 7.6%, a 53% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is JSFB overvalued or undervalued?

JSFB trades at 15.3× earnings, fairly valued versus the ~22× long-run Nifty average.

What is the JSFB share price target for 2031?

JSFB's probability-weighted 2031 median target is ₹630, with an 80% range of ₹197-₹2,021 (10,000-path Monte-Carlo).

What is the probability JSFB doubles in 5 years?

The modelled probability of JSFB reaching ₹1,099 (2×) within 5 years is 27%.

What is the bull case for JSFB?

JSFB's P/E of 15.3x is lower than 73% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. Low price-to-book of 1.30×, the market is paying little over the company's net assets.

What are the risks in JSFB?

JSFB's return on equity of 7.6% ranks in the 39th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on JSFB