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Stock Analysis

Description

Geojit Financial Services Limited is a leading integrated investment services and wealth management firm, serving retail, HNI, institutional, and NRI clients, with a strong focus on technology-led broking and distribution.

Key Growth Triggers

Strategic transformation into a wealth and distribution-driven platform.
Expansion of Middle East presence and global NRI wealth funnels.
Leveraging GIFT City for international investments and wealth flows.
Conscious investment in sales professionals, technology, and marketing to enhance distribution and client engagement.

Order Book

Currently no data available for Order Book.

Key Red Flags

Significant year-on-year declines in revenue (6.75%) and PAT (62.28%) for Q3 FY26.
Contracting EBITDA (39.60%) and PAT margins YoY.
Historically negative ROE (-3.82%) and ROCE (-2.66%) as per company data.
Continued stake sale by promoter BNP Paribas SA.

Key Dates To Watch

January 16, 2026: Board meeting scheduled to consider and approve the Q3 FY26 financial results.

Corporate Announcements

6th Apr 26

Impact Rating: 2

Geojit Financial Services Ltd. has formally submitted a certificate to BSE Limited and the National Stock Exchange of India Limited, confirming its compliance with SEBI's dematerialisation regulations for the quarter ending March 31, 2026.

27th Mar 26

Impact Rating: 4

Geojit Financial Services will close its trading window for its key personnel and their relatives starting April 1, 2026. This closure is in preparation for the announcement of the company's audited financial results.

11th Mar 26

Impact Rating: 4

Geojit Financial Services announced it held a virtual group meeting with investors and analysts on March 11, 2026. The discussions were based solely on generally available information, adhering to disclosure norms.

7th Mar 26

Impact Rating: 7

Geojit Financial Services Limited has been informed that Crisil Ratings has withdrawn its rating for bank facilities amounting to Rs. 197 crore. The rating, Crisil A1, was reaffirmed and then withdrawn.

5th Mar 26

Impact Rating: 5

Geojit Financial Services Ltd. has informed exchanges about its management's participation in the virtual 'Bharat Connect Conference: Rising Stars March - 2026' on March 11, 2026.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Billionbrains	164.34	62.85	101456.89	0.00	546.93	-27.76	1216.07	24.78	62.57	4061.15	62.31	1824.37	546.93	13.79	20.17	0.05
2.	Motil.Oswal.Fin.	861.55	25.59	51790.46	0.58	362.56	-67.64	1849.11	-34.91	18.67	7769.82	50.20	2024.23	362.42	4.02	7.64	1.22
3.	360 ONE	1149.20	39.57	46573.67	1.04	327.28	18.38	1181.48	51.47	14.91	4011.77	61.06	1177.03	327.28	4.98	6.20	1.47
4.	Nuvama Wealth	1435.00	25.44	26089.19	2.01	253.98	-1.36	1134.71	7.75	20.40	4411.52	53.53	1025.60	254.13	6.83	4.04	2.37
5.	Angel One	2525.40	29.82	22944.64	1.90	268.66	-4.55	1334.90	5.76	25.80	4733.20	33.00	769.38	268.66	3.95	7.78	0.77
6.	IIFL Capital	375.15	19.97	11679.02	0.80	85.15	-58.84	572.08	-11.36	33.27	2309.18	37.47	584.84	84.41	4.14	8.57	0.62
7.	Anand Rathi Shar	632.70	36.58	3968.63	0.00	37.87	77.88	248.10	21.89	21.26	875.27	39.24	108.48	37.87	3.04	3.50	0.93
8.	Geojit Fin. Ser.	73.28	27.92	2045.41	2.05	22.05	28.20	90.45	21.59	-2.66	289.98	-22.11	73.25	22.05	2.06	-2.19	0.05
–	Median: 32 Co.	140.0	21.36	1250.66	0.32	14.36	-23.73	75.69	-4.68	18.3	291.69	36.11	45.07	15.56	2.15	6.23	0.22

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	111	107	105	106	137	145	75	44	74	57	81	61	90
Expenses	70	73	76	75	85	92	96	73	90	83	93	77	102
Operating Profit	42	34	29	31	52	54	-21	-30	-16	-25	-13	-15	-11
Other Income	0	2	6	6	2	2	80	80	85	68	55	48	49
Profit before tax	33	27	25	28	44	44	51	43	61	36	35	24	29
Tax %	24%	21%	4%	26%	25%	24%	9%	4%	11%	11%	15%	26%	24%
Net Profit	25	22	24	21	33	33	46	41	55	32	30	18	22
EPS in Rs	0.91	0.77	0.85	0.76	1.19	1.20	1.65	1.47	1.96	1.14	1.06	0.64	0.79

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	188	285	233	264	329	284	286	405	481	427	350	440	290
Expenses	135	179	170	180	220	213	198	229	263	281	285	339	354
Operating Profit	52	106	64	84	109	71	88	176	218	146	65	101	-64
Other Income	-104	4	3	-7	5	-6	-9	1	2	1	107	105	221
Interest	1	1	1	1	0	2	3	3	5	8	4	5	5
Depreciation	10	8	11	12	12	20	24	22	24	28	25	26	28
Profit before tax	-62	101	55	64	101	43	52	152	191	111	143	174	124
Net Profit	-77	68	36	38	67	25	38	114	143	90	134	157	101
EPS in Rs	-2.91	2.50	1.30	1.39	2.43	0.88	1.36	4.10	5.13	3.21	4.80	5.62	3.63
Dividend Payout %	-3%	60%	66%	77%	70%	97%	95%	73%	50%	40%	27%	27%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	23	23	23	24	24	24	24	24	24	24	24	28	28
Reserves	293	317	332	372	412	384	350	441	539	557	655	967	966
Borrowings	15	25	0	0	0	21	23	36	77	112	359	45	46
Other Liabilities	232	201	162	241	232	294	315	469	565	406	708	135	116
Total Liabilities	563	566	518	636	668	722	711	971	1,205	1,099	1,745	1,174	1,156
Fixed Assets	51	56	58	55	55	86	81	72	81	96	109	104	108
Gross Block	115.39	124.68	132.35	137.00	139.84	99.97	109.59	121.87	145.16	172.00	194.64	179.99	–
Accumulated Depreciation	64.46	68.28	74.34	81.94	84.53	13.65	29.00	49.71	64.22	76.28	85.31	76.37	–
CWIP	0	0	0	0	0	0	0	0	0	5	3	2	1
Investments	38	38	38	100	115	45	62	11	16	18	18	218	238
Other Assets	473	472	421	480	498	591	569	887	1,108	981	1,614	850	809
Total Assets	563	566	518	636	668	722	711	971	1,205	1,099	1,745	1,174	1,156

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-22	41	51	99	37	30	138	-80	76	40	-89	87
Cash from Investing Activity	-48	4	-7	-60	3	47	-33	48	-10	-18	-13	-110
Cash from Financing Activity	7	13	-94	1	-27	-63	-82	-31	-26	-60	173	-49
Net Cash Flow	-63	58	-50	39	13	13	24	-63	40	-38	71	-72

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	202	147	150	185	138	164	92	97	94	83	117	16
Inventory Days	–	–	–	–	–	–	–	–	–	–	–	–
Days Payable	–	–	–	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	202	147	150	185	138	164	92	97	94	83	117	16
Working Capital Days	-57	-70	22	-41	-63	37	-177	-238	-268	-190	-449	-54
ROCE %	13%	29%	15%	20%	24%	12%	16%	34%	34%	18%	-7%	-3%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	54.68%	54.62%	54.61%	54.61%	54.59%	54.59%	54.59%	54.59%	55.05%	55.05%	52.13%	51.73%	38.47%
FIIs	1.88%	1.72%	1.59%	1.68%	2.59%	2.41%	3.37%	3.77%	3.31%	3.42%	3.53%	2.96%	2.58%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.05%	0.04%	0.16%	0.83%	0.83%	10.13%
Public	43.45%	43.67%	43.81%	43.72%	42.82%	43.01%	42.02%	41.60%	41.59%	41.36%	43.49%	44.49%	48.80%