Geojit Financial Services financials and balance sheet

NSE: GEOJITFSLBSE: 532285Capital MarketsSmall Cap

Formerly Geojit BNP Paribas Financial Services

₹70.29₹1.67 (2.32%)BSE ₹70.18

Share price at the NSE close on 23 Oct 2026. Previous close ₹71.96.

52-week range of traded prices to 23 Oct 2026

₹50.86Low, 30 Mar 2026₹86.50High, 3 Sep 2026

Next results date: the board meets on 23 Oct 2026 to consider: financial results and other business matters.

Market cap: ₹1,962 Cr1,183rd largest listed
P/E: 27.1
P/E without one-offs: 24.1
P/B: 1.6
Dividend yield: 2.13%
ROE: 6.1%
ROE without one-offs: 6.9%
ROCE: 7.6%
Debt to equity: 0.05
Volume, NSE: 3,77,08351.4% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Geojit Financial Services annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹748 Cr, year to Mar 2025

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue671
Operating expenses−510
Operating profit161
Depreciation−38
Other income+4.9
One-off items−8.9
Finance costs−10
Profit before tax108
Tax−29
Joint ventures+4.2
Net profit84

What the company owns

Plant, investments and other assets₹1,084 Cr
Cash and bank₹936 Cr
Receivables₹114 Cr

What pays for it: net worth and liabilities

Net worth₹1,295 Cr
Other liabilities₹775 Cr
Borrowings₹64 Cr

Geojit Financial Services business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Geojit Financial Services segment results by quarter

Revenue by segment

₹653 CrTotal

Wealth Management₹621 Cr95.2% of total
Other services₹31 Cr4.8% of total

Profit by segment

Wealth Management₹80.4 Cr97.9% of total
Other services₹1.7 Cr2.1% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Wealth Management
Revenue, ₹ crore
621
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
80
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Other services
Revenue, ₹ crore
31
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
2
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	292	310	429	506	446	622	755	653
Company revenue, as in its results	288	305	425	500	439	614	748	671
Revenue	–	–	–	–	–	–	–	621
Profit	–	–	–	–	–	–	–	80
Margin	–	–	–	–	–	–	–	12.9%
Return on capital	–	–	–	–	–	–	–	10.6%
Assets	–	–	–	–	–	–	–	1,577
Liabilities	–	–	–	–	–	–	–	815
Capital employed	–	–	–	–	–	–	–	761
Revenue	–	–	–	–	–	–	–	31
Profit	–	–	–	–	–	–	–	2
Margin	–	–	–	–	–	–	–	5.4%
Return on capital	–	–	–	–	–	–	–	1.3%
Assets	–	–	–	–	–	–	–	151
Liabilities	–	–	–	–	–	–	–	24
Capital employed	–	–	–	–	–	–	–	127
Revenue	275	285	406	480	420	593	721	–
Revenue growth	–	3.5%	42.3%	18.3%	−12.5%	41.2%	21.6%	–
Profit	37	63	156	193	114	185	212	–
Profit growth	–	70.0%	145.4%	24.1%	−41.2%	62.6%	14.8%	–
Margin	13.6%	22.3%	38.4%	40.2%	27.0%	31.2%	29.4%	–
Return on capital	14.2%	16.3%	32.7%	32.3%	18.1%	26.2%	19.3%	–
Assets	565	728	982	1,240	1,145	1,810	1,885	–
Liabilities	302	338	506	642	519	1,104	788	–
Capital employed	263	390	477	597	626	706	1,097	–
Revenue	17	25	23	26	26	29	33	–
Revenue growth	–	51.8%	−7.2%	9.7%	1.5%	13.2%	13.1%	–
Profit	1	11	9	9	5	7	10	–
Profit growth	–	666.9%	−11.0%	−4.1%	−41.6%	35.1%	45.9%	–
Margin	8.4%	42.5%	40.7%	35.6%	20.5%	24.4%	31.5%	–
Return on capital	29.6%	6.0%	5.2%	5.3%	3.1%	3.5%	7.1%	–
Assets	7	181	185	176	176	210	151	–
Liabilities	2	3	3	5	5	5	5	–
Capital employed	5	177	182	170	171	206	146	–
	0	–	–	–	–	–	–	–
Profit	31	–	–	–	–	–	–	–
Assets	0	–	–	–	–	–	–	–
Liabilities	0	–	–	–	–	–	–	–
Capital employed	0	–	–	–	–	–	–	–
Revenue	–	–	–	–	–	–	–	26
Profit	–	–	–	–	–	–	–	26
Assets	–	–	–	–	–	–	–	407
Liabilities	–	–	–	–	–	–	–	0

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Geojit Financial Services quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 11 Jun	Mar 2020Filed 27 Jul	Mar 2021Filed 5 Jun	Mar 2022Filed 30 Apr	Mar 2023Filed 9 May	Mar 2024Filed 8 May	Mar 2025Filed 21 May	Mar 2026Filed 29 Apr
Revenue from operations	274	334	288	305	425	500	439	614	748	671
	200	238	–	204	235	269	292	386	463	510
Materials and goods bought	–	–	0	0	0	0	0	0	0	0
Operating profit before depreciation	74	96	–	101	190	231	148	228	284	161
Operating margin	27.1%	28.9%	–	33.1%	44.6%	46.2%	33.6%	37.1%	38.0%	24.0%
Depreciation and amortisation	14	14	–	25	23	25	29	29	31	38
Operating profit after depreciation	60	82	–	76	166	207	119	199	254	122
Other income	32	34	31	1	2	1	8	10	1	5
Finance costs	1	1	1	3	3	5	8	17	32	10
Profit before one-off items and tax	91	115	69	74	165	202	119	192	223	117
One-off items	0	0	–	−4	0	0	0	0	0	−9
Profit before tax	91	115	69	70	165	202	119	192	223	108
	30	38	–	19	42	52	22	49	56	29
Current tax	–	–	–	19	41	52	24	49	56	31
Deferred tax	–	–	–	0	1	−1	−1	−1	0	−2
Share of profit of joint ventures and associates	0	0	0	0	3	4	5	6	6	4
	56	73	35	51	127	154	101	149	172	84
Belonging to the company's shareholders	56	73	35	47	123	151	97	145	168	80
Belonging to outside owners of subsidiaries	–	–	–	4	3	4	4	5	5	3
Other comprehensive income	–	–	–	0	0	0	0	0	−1	1
Total comprehensive income	–	–	–	51	127	154	101	149	172	85
Net margin	20.5%	21.9%	12.3%	16.6%	29.8%	30.9%	23.0%	24.3%	23.1%	12.5%
Net margin without joint ventures and associates	20.5%	21.9%	12.3%	16.7%	29.0%	30.1%	22.0%	23.3%	22.3%	11.8%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Tax is left blank for the year to Mar 2019: profit before tax less the tax charge stated does not come to the profit after tax the same statement states, so the tax charge is not shown. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2019: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Consolidated, ₹ crore, at 31 March. The last column is the half year to Sep 2026, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2019Filed 11 Jun	Mar 2020Filed 27 Jul	Mar 2021Filed 5 Jun	Mar 2022Filed 30 Apr	Mar 2023Filed 9 May	Mar 2024Filed 8 May	Mar 2025Filed 21 May	Mar 2026Filed 29 Apr	Sep 2026Half yearFiled 23 Oct
	598	567	659	768	798	912	1,243	1,295	1,289
	539	504	592	697	723	832	1,159	1,201	1,195
Share capital	24	24	24	24	24	24	28	28	28
Reserves	515	480	568	673	699	808	1,131	1,173	1,167
Belonging to outside owners of subsidiaries	60	63	67	71	75	80	85	94	94
	0	0	15	48	78	350	111	64	100
Repayable after a year	0	–	–	–	–	–	–	–	5
Repayable within a year	0	–	–	–	–	–	–	–	95
	301	–	–	–	–	–	–	–	644
Trade payables	–	–	–	–	–	–	–	–	61
Other financial liabilities	–	–	–	–	–	–	–	–	470
Other liabilities	284	–	–	–	–	–	–	–	15
Provisions	1	–	–	–	–	–	–	–	2
Tax owed	–	–	–	–	–	–	–	–	0
	4	–	–	–	–	–	–	–	65
Other financial liabilities	–	–	–	–	–	–	–	–	43
Other liabilities	1	–	–	–	–	–	–	–	2
Provisions	2	–	–	–	–	–	–	–	15
Total assets	903	909	1,168	1,415	1,321	2,020	2,036	2,134	1,997
	198	–	–	–	–	–	–	–	305
Plant in use, after depreciation	70	51	45	48	47	46	50	65	–
Plant being built	–	–	0	–	0	0	1	3	–
Intangible assets	14	–	–	–	–	–	–	–	30
Intangible assets being developed	–	–	–	–	–	–	–	–	10
Investments	1	–	–	–	–	–	–	–	0
Stakes in joint ventures and associates	–	–	–	–	–	–	–	–	17
Loans given	119	–	–	–	–	–	–	–	31
Other financial assets	–	–	–	–	–	–	–	–	19
Deferred tax	5	–	–	–	–	–	–	–	11
Other assets	3	–	–	–	–	–	–	–	117
	705	–	–	–	–	–	–	–	1,692
Trade receivables	135	76	113	127	99	114	115	114	113
Cash and cash equivalents	338	136	73	115	76	147	169	153	32
Other bank balances	0	375	664	729	641	926	864	783	717
Current investments	86	–	–	–	–	–	–	–	22
Loans given	67	–	–	–	–	–	–	–	696
Other financial assets	–	–	–	–	–	–	–	–	77
Tax paid in advance	–	–	–	–	–	–	–	–	1
Other assets	78	–	–	–	–	–	–	–	32
Net debt	−424	−511	−723	−796	−640	−723	−922	−872	−672

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March. The last column is the half year to Sep 2026, after the latest full year: the cash flow over its six months.

₹ crore	Mar 2021Filed 5 Jun	Mar 2022Filed 30 Apr	Mar 2023Filed 9 May	Mar 2024Filed 8 May	Mar 2025Filed 21 May	Mar 2026Filed 29 Apr	Sep 2026Half yearFiled 23 Oct
	−120	83	38	−124	167	236	−137
	–	–	–	–	–	–	−117
	–	–	–	–	–	–	−205
Receivables	–	–	–	–	–	–	1
Payables	–	–	–	–	–	–	3
Other working capital	–	–	–	–	–	–	−209
Tax paid	–	–	–	–	–	–	−20
Capital spending	8	20	23	19	25	54	46
Free cash flow	−128	63	15	−143	142	182	−183
	89	−15	−17	−15	−21	−145	37
Plant and property sold	–	–	–	–	–	–	1
	−31	−26	−61	210	−125	−109	−21
Borrowings raised	–	–	–	–	–	–	36
Interest paid	–	–	–	–	–	–	−3
Lease payments	–	–	–	–	–	–	−12
Dividends paid	36	48	72	36	36	42	42
Shares bought back	0	0	0	0	0	0	0
Shares issued	0	3	0	0	199	0	0
Net change in cash	−63	42	−39	71	22	−17	−120

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Geojit Financial Services dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 11 Jun	Mar 2020Filed 27 Jul	Mar 2021Filed 5 Jun	Mar 2022Filed 30 Apr	Mar 2023Filed 9 May	Mar 2024Filed 8 May	Mar 2025Filed 21 May	Mar 2026Filed 29 Apr
Earnings per share	₹2.38	₹3.09	₹1.49	₹1.97	₹5.17	₹6.31	₹4.06	₹6.06	₹6.18	₹2.88
Diluted earnings per share	₹2.38	₹3.03	₹1.48	₹1.97	₹5.17	₹6.30	₹4.06	₹6.06	₹6.17	₹2.88
Dividend per share	₹1.25	₹2.00	₹1.00	₹1.50	₹3.50	₹3.00	₹1.50	₹1.50	₹1.50	₹1.50
Book value per share	–	–	₹22.60	₹21.15	₹24.83	₹29.16	₹30.23	₹34.78	₹41.52	₹43.03
Dividend payout	52.6%	65.0%	67.2%	76.0%	67.7%	47.6%	36.9%	24.8%	25.0%	52.1%
Shareholder yield	–	–	–	–	3.0%	3.0%	7.5%	2.3%	−8.2%	2.9%
Market cap at the year end (₹ crore)	1,392	2,164	989	434	1,197	1,493	954	1,535	1,999	1,467

Ratios

Consolidated, years to March.Geojit Financial Services PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 11 Jun	Mar 2020Filed 27 Jul	Mar 2021Filed 5 Jun	Mar 2022Filed 30 Apr	Mar 2023Filed 9 May	Mar 2024Filed 8 May	Mar 2025Filed 21 May	Mar 2026Filed 29 Apr
Revenue growth	–	22.1%	−13.9%	6.1%	39.2%	17.7%	−12.2%	39.8%	21.8%	−10.3%
Operating profit growth	–	29.9%	–	–	88.0%	21.9%	−36.2%	54.6%	24.8%	−43.4%
Net profit growth	–	30.7%	−51.6%	42.6%	150.1%	22.1%	−34.6%	48.0%	15.5%	−51.5%
Earnings per share growth	–	29.8%	−51.8%	32.2%	162.4%	22.1%	−35.7%	49.3%	2.0%	−53.4%
	–	–	6.6%	9.0%	22.5%	23.4%	13.7%	18.6%	16.8%	6.8%
	–	–	–	2.4 pts	13.5 pts	0.9 pts	−9.7 pts	4.9 pts	−1.8 pts	−10.0 pts
From the net margin	–	–	–	1.6 pts	8.0 pts	0.9 pts	−6.2 pts	0.9 pts	−0.9 pts	−7.8 pts
From asset turnover	–	–	–	0.5 pts	3.6 pts	−1.3 pts	−2.9 pts	2.1 pts	0.1 pts	−1.1 pts
From borrowing	–	–	–	0.3 pts	1.9 pts	1.3 pts	−0.5 pts	1.9 pts	−0.9 pts	−1.0 pts
Return on capital employed	–	–	–	13.4%	24.7%	25.3%	13.6%	15.8%	18.7%	9.0%
Cash conversion	–	–	–	–	−95.1%	53.8%	37.3%	−83.0%	96.7%	282.9%
Interest cover	98.4	112.6	–	26.3	53.8	39.8	14.7	11.8	7.8	12.0
Debt to equity	–	–	0.00	0.00	0.02	0.06	0.10	0.38	0.09	0.05
Receivable days	–	–	171	91	97	92	82	68	56	62
Working capital days	–	–	−26	–	–	–	–	–	–	–
Asset turnover	–	–	0.32	0.34	0.41	0.39	0.32	0.37	0.37	0.32
Assets per rupee of net worth	–	–	1.68	1.74	1.89	2.00	1.93	2.15	2.04	1.77
Sales per rupee of plant	–	–	4.13	5.98	9.55	10.45	9.38	13.39	15.01	10.39
Capital spending to depreciation	–	–	–	–	0.33	0.83	0.79	0.67	0.80	1.40
Plant being built, % of plant in use	–	–	–	–	0.0%	–	0.0%	0.2%	2.4%	4.2%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 3.9%
Cash from operations against operating profit: 146.9%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	9.6%	15.2%
Profit growth, yearly rate	–	−8.2%	−6.1%
Return on equity, average	–	15.9%	14.1%
Return on capital employed, average	–	16.5%	14.5%
Operating margin, average	34.7%	35.8%	33.0%
Net margin, average	21.5%	22.7%	19.9%
Asset turnover, average	–	0.35	0.35
Interest cover, average	41.9	17.2	10.5
Debt to equity, average	–	0.14	0.17

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	400	279	236
Cash from investing	−212	−181	−145
Cash from financing	−110	−23	−109
Capital spending	141	98	54
Dividends paid	233	114	42
Shares bought back	0	0	0
Shares issued for cash	203	200	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	15.23	6.68	5.84	17.25	1.30	−0.37
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	0.00	−0.01	0.19	0.69
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	0.00	–	0.00	0.00	0.04	0.05
Effective tax ratePublished threshold 17.16 per cent	33.01	32.64	41.39	26.89	25.42	25.51	18.90	25.40	25.03	26.63
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−0.98	−6.90	4.65	−1.90	−5.82

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
16 Sep 2026	CARE Ratings Limited (opens in a new tab)	Issuer Rating	CARE A+Review, Re-affirm	Stable
6 Mar 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	WithdrawnReview, Other		117
26 Dec 2025	ICRA Limited (opens in a new tab)	Fund-based/Non-fund based-Others	[ICRA]A+ /[ICRA]A1+Review, Re-affirm	Stable	100
17 Sep 2025	CARE Ratings Limited (opens in a new tab)	Commercial Paper	WithdrawnReview, Other
17 Sep 2025	CARE Ratings Limited (opens in a new tab)	Fund-based-LT/ST	WithdrawnReview, Other

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.