Geojit Financial Services Ltd(GEOJITFSL)

NSE: GEOJITFSLBSE: 532285

₹ 69.25-3.95%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,933 crWebsite: www.geojit.comUpdated: 24 Oct 2026

About

Geojit Financial Services Ltd is an India-based stockbroking and wealth management company offering broking, mutual fund distribution, insurance distribution, portfolio management, and lending services primarily to retail and NRI clients. In FY26 the company reported revenue from operations of ₹671 crores, with total customer assets reaching ₹1.11 lakh crores as of Q1 FY27. The firm has a meaningful NRI franchise in the GCC region and is actively transforming its revenue mix toward recurring, trail-based income.^[1][2][3]

Business segments

Wealth Management contributed 95.2% of FY26 segment revenue at ₹621.38 crores, with an EBIT margin of 12.9%, covering broking, MF distribution, insurance, PMS and lending.^[4]
Other Services contributed 4.8% of FY26 segment revenue at ₹31.12 crores, with an EBIT margin of 5.4%.^[4]

Revenue mix

Transaction-based (broking) revenue fell from ~71% of total revenue in FY22 to ~49% in FY26, while recurring income rose from ~20% to ~37% over the same period.^[2][3]
Kerala accounts for approximately 35% of revenues as of Q2 FY26, down from prior levels as the company expands in other South Indian states.^[5]

Key operating numbers

Total customer assets reached ₹1.11 lakh crores in Q1 FY27.^[2]
Recurring revenue AUM stood at ₹26,638 crores in Q1 FY27.^[2]
Equity MF AUM (ex-overseas) rose to ₹18,501 crores in Q1 FY27; equity net-inflow market share improved to 0.473% from 0.415% in Q4 FY26.^[2]
PMS & AIF combined AUM reached ₹1,778 crores in Q1 FY27, up 23% YoY.^[2]
Lending book (MTF + LAS) grew to ₹755 crores in Q1 FY27, up from ₹641 crores in FY26 and ₹576 crores in FY25.^[2][3]
Monthly SIP collection reached ₹151 crores in March 2026.^[3]
Insurance gross premium collected was ₹103 crores in Q1 FY27; total insurance premium for FY26 was ₹549 crores.^[2][3]

Distribution and clients

Total employee base stood at 3,768 as of FY26 end, after net addition of ~700 employees (650 in sales) during FY26 at an incremental cost of ~₹29 crores.^[3]
Insurance cross-sell penetration among existing clients remains below 5% as of Q1 FY27; the company is focused exclusively on cross-selling to existing clients rather than new client acquisition for insurance.^[2]
GCC NRI AUM is a little shy of $1 billion as of Q1 FY27.^[2]

Products and services

Asset management products include PMS schemes and AIFs; Geojit Yield Plus AIF (Cat III) is ranked 1st among long-short AIFs in India over a 6-month period as of Q1 FY27, currently distributed only to in-house clients.^[2]
Technology platforms include Flip, TraderX, FundsGenie and Smartfolios for client engagement and operational efficiency.^[6]
Private Wealth AUM grew ~40% YoY to ~₹2,400 crores as of Q4 FY26, supported by ~55 relationship managers.^[3]

Expansion and investment

IT transformation investment of ~₹30 crores is planned over three years to improve integration, client experience and data-led decision-making.^[3]
Private Wealth business plans to hire 25 - 30 additional relationship managers in FY27, deepening presence in existing cities rather than expanding to new ones.^[3]
New branches planned in Tier 2 and Tier 3 cities as part of distribution expansion; fresh hiring paused pending geopolitical clarity in the GCC.^[2]
Yield Plus AIF is planned to be opened to third-party distributors and external clients after 11 months of in-house performance track record.^[2]
1 - 2 new PMS schemes plus one AIF through GIFT City route planned for launch in FY27.^[3]

Recent developments

Geojit Private Wealth DIFC Ltd received all licenses and started operations in February 2026 as an external asset manager to private banks in the UAE; client onboarding commenced in Q4 FY26.^[3]
Middle East conflict and higher FCNR deposit rates introduced pressure on the GCC NRI business from March 2026; management paused expansion investments in the region as of Q1 FY27.^[2]
C.J. George announced departure as Managing Director; Jones George to take over as MD from 1 October 2026 under the company's formal succession planning policy.^[2]
Buyback is under active consideration subject to M&A or consolidation opportunities; the company held ~₹1,100 crores cash on its balance sheet as of Q1 FY27.^[2]

Market Cap

₹1,933 Cr

High / Low

₹87 / 52

Stock P/E

26.6

Price / Book

1.6

Book Value

₹43

EPS

₹2.9

No. of Shares

27.91 Cr

ROE

6.8%

Sales

₹671 Cr

Net Profit

₹84 Cr

Promoter holding

38.5%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

Geojit Financial Services Ltd(GEOJITFSL)

About

Business segments

Revenue mix

Key operating numbers

Distribution and clients

Products and services

Expansion and investment

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions