Geojit Financial Services Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,798 Cr
- P/E
- 23.12
- ROE
- 7.32%
- PEG
- -5.90
- Price to sales
- 2.68
- Debt to equity
- 0.10
- 52W high / low
- ₹83.7 / ₹52.5
- Sales growth (5Y)
- 9.64%
- EBITDA margin
- 20.66%
- Net profit margin
- 13.29%
- Promoter holding
- 38.48%
- Sales (last year)
- ₹672 Cr
Geojit Financial Services Limited offers a complete spectrum of financial services including online broking, financial products distribution, portfolio management services, margin funding, etc. [1]
Guidance scorecard · Q2 FY27 call
What Geojit Financial Services Ltd's management guided
and where it ranks in Capital Markets
RevenueQ4 FY26 call
10–20%- Geojit is focused on building a more scalable and future-ready business with a shift towards recurring income streams such as mutual fund distribution, advisory, PMS, and insurance distribution for greater stability.
- The company added around 700 new sales employees in FY '26, with an expectation that new salespeople will start contributing revenue within 12 to 18 months.
- Investments in people and technology are ongoing to support growth and transformation over the next 2 years, with operating leverage expected to improve growth and profitability in the medium term.
- Mutual fund AUM growth is a key focus, aiming to expand trail-bearing AUM aggressively.
- Private Wealth AUM grew ~40% last year, with plans to increase relationship managers by 25 to 30 in FY '27.
2 more points from Geojit Financial Services Ltd's call on revenue
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MarginsQ4 FY26 call
Down 0–2%See what Geojit Financial Services Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Geojit is investing heavily in technology and employees to support its strategic transformation ("Geojit 2.0").
- In FY '26, there was approximately INR54 crores of expenses towards this transformation, including investments in IT infrastructure and operations.
- A focused IT transformation initiative is underway with a planned capex of about INR30 crores over the next 3 years to upgrade digital systems, leverage data, and improve customer experience.
- The company has stopped hiring new field sales staff currently due to geopolitical uncertainties but is focusing on training existing hires.
- No capital raising is planned; transformation costs will be funded through internal resources.
2 more points from Geojit Financial Services Ltd's call on capex
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FundraisingQ4 FY26 call
None plannedSee what Geojit Financial Services Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Ask what Geojit Financial Services Ltd said on the order book →
Full Q4 FY26 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Capital Markets
on management's own guidance
- Nippon Life Ind.Good growth2
- BSEGood growth1
- Motil.Oswal.Fin.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Capital Markets companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | BSE | 20–40% | Flat | ₹1.37L Cr | 48.4 |
| 2 | Nippon Life Ind. | 20–40% | Flat | ₹68,184 Cr | 41.6 |
| 3 | Motil.Oswal.Fin. | 20–40% | Flat | ₹63,771 Cr | 32.2 |
| 4 | 20–40% | Flat | ₹31,481 Cr | 29.1 | |
| 5 | 20–40% | Flat | ₹15,334 Cr | 43.8 | |
| 6 | 20–40% | Flat | ₹12,638 Cr | 51.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Capital Markets rankingFinancials of Geojit Financial Services Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Geojit Financial Services Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 54.59% | 54.59% | 54.59% | 54.59% | 55.05% | 55.05% | 52.13% | 51.73% | 38.47% | 38.47% | 38.47% | 38.47% |
| FIIs + | 2.59% | 2.41% | 3.37% | 3.77% | 3.31% | 3.42% | 3.53% | 2.96% | 2.58% | 1.87% | 1.58% | 1.49% |
| DIIs + | 0.00% | 0.00% | 0.02% | 0.05% | 0.04% | 0.16% | 0.83% | 0.83% | 10.13% | 9.87% | 10.04% | 10.56% |
| Public + | 42.82% | 43.01% | 42.02% | 41.60% | 41.59% | 41.36% | 43.49% | 44.49% | 48.80% | 49.78% | 49.89% | 49.47% |
| No. of Shareholders | 87,021 | 85,751 | 81,025 | 89,954 | 95,863 | 97,472 | 1,01,861 | 1,00,952 | 1,00,619 | 97,309 | 93,852 | 89,282 |
Financials of Geojit Financial Services Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 144 | 152 | 208 | 181 | 218 | 172 | 177 | 144 | 162 | 160 | 182 | 160 | 166 |
| Expenses + | 87 | 94 | 127 | 105 | 124 | 109 | 125 | 106 | 131 | 122 | 151 | 129 | 135 |
| Operating Profit | 57 | 58 | 81 | 76 | 94 | 63 | 52 | 38 | 31 | 38 | 30 | 32 | 30 |
| OPM % | 39% | 38% | 39% | 42% | 43% | 37% | 29% | 27% | 19% | 24% | 17% | 20% | 18% |
| Other Income + | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 9 | 11 | -9 | 8 | 9 | 6 |
| Interest | 3 | 5 | 7 | 9 | 11 | 8 | 5 | 3 | 3 | 2 | 2 | 3 | 3 |
| Depreciation | 7 | 7 | 8 | 7 | 8 | 8 | 8 | 8 | 9 | 10 | 11 | 11 | 12 |
| Profit before tax | 48 | 48 | 66 | 60 | 76 | 48 | 40 | 37 | 30 | 16 | 25 | 26 | 21 |
| Tax % | 25% | 24% | 25% | 25% | 26% | 24% | 23% | 26% | 27% | 20% | 32% | 28% | 25% |
| Net Profit + | 37 | 38 | 52 | 46 | 57 | 37 | 32 | 29 | 23 | 14 | 17 | 20 | 16 |
| EPS in Rs | 1.30 | 1.32 | 1.81 | 1.60 | 2.01 | 1.29 | 1.12 | 0.99 | 0.80 | 0.46 | 0.63 | 0.71 | 0.59 |
Financials of Geojit Financial Services Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 321 | 269 | 301 | 363 | 308 | 306 | 426 | 500 | 447 | 623 | 749 | 675 | 668 |
| Expenses + | 196 | 196 | 200 | 238 | 221 | 204 | 235 | 269 | 292 | 386 | 463 | 510 | 538 |
| Operating Profit | 125 | 73 | 102 | 125 | 87 | 101 | 191 | 231 | 155 | 237 | 285 | 165 | 130 |
| OPM % | 39% | 27% | 34% | 34% | 28% | 33% | 45% | 46% | 35% | 38% | 38% | 24% | 20% |
| Other Income + | 5 | 3 | 4 | 5 | -6 | -4 | 1 | 1 | 1 | 1 | 1 | -8 | 13 |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 5 | 8 | 17 | 32 | 10 | 11 |
| Depreciation | 10 | 13 | 14 | 14 | 21 | 25 | 23 | 25 | 29 | 29 | 31 | 38 | 45 |
| Profit before tax | 120 | 62 | 91 | 115 | 58 | 70 | 165 | 202 | 119 | 192 | 223 | 108 | 88 |
| Tax % | 31% | 29% | 33% | 33% | 48% | 27% | 25% | 26% | 19% | 25% | 25% | 27% | |
| Net Profit + | 82 | 44 | 61 | 78 | 28 | 51 | 127 | 154 | 101 | 149 | 172 | 84 | 68 |
| EPS in Rs | 2.87 | 1.37 | 2.04 | 2.64 | 0.83 | 1.69 | 4.43 | 5.40 | 3.48 | 5.19 | 6.00 | 2.88 | 2.39 |
| Dividend Payout % | 52% | 62% | 53% | 65% | 103% | 76% | 68% | 48% | 37% | 25% | 25% | 52% |
Financials of Geojit Financial Services Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 28 | 28 | 28 |
| Reserves | 445 | 467 | 489 | 534 | 505 | 480 | 568 | 673 | 699 | 808 | 1,131 | 1,173 | 1,167 |
| Borrowings + | 5 | 0 | 6 | 0 | 22 | 23 | 36 | 79 | 114 | 398 | 156 | 123 | 164 |
| Other Liabilities + | 249 | 216 | 300 | 294 | 356 | 381 | 539 | 639 | 484 | 791 | 722 | 810 | 638 |
| Total Liabilities | 722 | 707 | 818 | 852 | 907 | 909 | 1,168 | 1,416 | 1,321 | 2,020 | 2,036 | 2,134 | 1,997 |
| Fixed Assets + | 95 | 97 | 60 | 60 | 90 | 83 | 73 | 85 | 99 | 112 | 116 | 152 | 171 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 4 | 2 | 9 | 3 |
| Investments | 105 | 78 | 165 | 186 | 87 | 105 | 13 | 12 | 11 | 14 | 17 | 117 | 39 |
| Other Assets + | 521 | 531 | 593 | 607 | 731 | 721 | 1,081 | 1,319 | 1,207 | 1,890 | 1,901 | 1,855 | 1,784 |
| Total Assets | 722 | 707 | 818 | 852 | 907 | 909 | 1,168 | 1,416 | 1,321 | 2,020 | 2,036 | 2,134 | 1,997 |
Financials of Geojit Financial Services Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 46 | 48 | 112 | 59 | -24 | 137 | -120 | 83 | 38 | -124 | 167 | 236 |
| Cash from Investing Activity + | 16 | -28 | -75 | -9 | 99 | -30 | 89 | -15 | -16 | -15 | -20 | -144 |
| Cash from Financing Activity + | -8 | -75 | 6 | -37 | -64 | -82 | -31 | -26 | -61 | 210 | -125 | -109 |
| Net Cash Flow | 54 | -55 | 44 | 13 | 11 | 24 | -63 | 42 | -39 | 71 | 22 | -16 |
| Free Cash Flow | 30 | 27 | 103 | 45 | -48 | 125 | -127 | 63 | 15 | -143 | 143 | 183 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 67% | 89% | 134% | 79% | 0% | 156% | -44% | 59% | 44% | -36% | 80% | 165% |
Financials of Geojit Financial Services Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 142 | 147 | 177 | 138 | 155 | 91 | 96 | 92 | 81 | 67 | 56 | 62 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 142 | 147 | 177 | 138 | 155 | 91 | 96 | 92 | 81 | 67 | 56 | 62 |
| Working Capital Days | -23 | 42 | -16 | -40 | 40 | -162 | -221 | -255 | -179 | -250 | -150 | -221 |
| ROCE % | 24% | 12% | 17% | 20% | 11% | 13% | 26% | 27% | 14% | 19% | 19% | 9% |
Guidance history
How Geojit Financial Services Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Down 0–2% | Planned | None planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY25 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
23 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −13.5% | 46% |
| Last 6 months | −0.1% | 55% |
| Last 3 months | −15.7% | 31% |
The price is 56.8% below its all-time high of ₹149.11 (4 Oct 2024). Stocks more than 20% below their peak have their score halved, so 47 became 23.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Geojit Financial Services Ltd: 0.4 × 46 + 0.4 × 55 + 0.2 × 31 = 47, halved to 23 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Geojit Financial Services Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY24 earnings call →
- Q2 FY24 earnings call →
- Q4 FY23 earnings call →
- Q2 FY23 earnings call →
- Q4 FY22 earnings call →
- Q2 FY22 earnings call →
- Q4 FY21 earnings call →
- Q2 FY21 earnings call →
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