Geojit Financial Services Ltd - Stock Valuation and Financial Performance

BSE: 532285 | NSE: GEOJITFSL | Finance - Stock Broking | Small Cap

Geojit Finl. Service Share Price

108.20 -4.30 -3.82%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Geojit Finl. Service

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Geojit Financial Services stock performance -

mw4me loader
P/E Ratio (SA):
17.57
Market Cap:
3,077.7 Cr.
52-wk low:
54.9
52-wk high:
159.4

Is Geojit Financial Services Ltd an attractive stock to invest in?

1. Is Geojit Financial Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Geojit Financial Services Ltd is a good quality company.

2. Is Geojit Financial Services Ltd undervalued or overvalued?

The key valuation ratios of Geojit Financial Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Geojit Financial Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Geojit Financial Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Geojit Finl. Service:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Geojit Financial Services Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 29.4%15.3%17.2%24.5%10.7%14.1%36.4%36%18.7%23.6%-
Value Creation
Index
1.10.10.20.8-0.20.01.61.60.30.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 272217244304284285404481420589726
Sales YoY Gr.--20.1%12.5%24.4%-6.5%0.4%41.5%19%-12.7%40.5%-
Adj EPS 2.61.41.52.60.91.44.35.43.456.3
YoY Gr.--48.3%7.4%74.7%-63.5%53.8%201.4%25.1%-37.5%49.6%-
BVPS (₹) 13.213.615.116.515.213.917.421.121.825.533.6
Adj Net
Profit
67.635.638.367.524.637.711414389.6134175
Cash Flow from Ops. 40.751.499.137.329.5138-80.276.240.5-89-
Debt/CF from Ops. 0.600000-0.20.61.9-3.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9%15.7%13.4%40.5%
Adj EPS 7.5%40.2%5.4%49.6%
BVPS7.6%10.9%13.7%16.9%
Share Price 12.8% 31.7% 18.3% 72.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
20.710.210.216.35.99.827.62815.721.321.2
Op. Profit
Mgn %
34.321.926.428.525.130.643.445.4333639.7
Net Profit
Mgn %
24.816.415.722.28.613.228.329.721.422.724.1
Debt to
Equity
0.10000000.10.10.50
Working Cap
Days
522533429361403319172159173143368
Cash Conv.
Cycle
10514315613914411053577030129

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.41%

Sales growth is good in last 4 quarters at 60.47%

Return on Equity has declined versus last 3 years average to 21.20%

Net Profit has been subdued in last 3 years 5.35%

Latest Financials - Geojit Financial Services Ltd.

Standalone Consolidated
TTM EPS (₹) 6.3 6.7
TTM Sales (₹ Cr.) 726 748
BVPS (₹.) 33.6 39.3
Reserves (₹ Cr.) 910 1,068
P/BV 3.28 2.81
PE 17.57 16.37
From the Market
52 Week Low / High (₹) 54.92 / 159.35
All Time Low / High (₹) 0.53 / 159.35
Market Cap (₹ Cr.) 3,078
Equity (₹ Cr.) 27.9
Face Value (₹) 1
Industry PE 23.8

Management X-Ray of Geojit Finl. Service:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Geojit Finl. Service

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income289236267334286287406483428600
Interest Income272217244304284285404481420589
Other Income 171922301222810
Expenditure 188182193233235225254291317421
Interest Expense 11102335816
Operating Expenses 184178188225223214244280299398
Provisions 34479877107
Exceptional Items 00-100-8-100000
Profit Before Tax 10155641014352152191111179
Taxes 34192634181438482145
Profit After Tax 68363867253811414390134
Adjusted EPS (₹)2.61.41.52.60.91.44.35.43.45.0
Dividend Payout Ratio (%)60%66%77%70%97%95%73%50%40%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital340355395436408374465562581679
Share Capital 23232424242424242424
Reserves 317332372412384350441539557655
Minority Interest0000000000
Long Term Borrowings75030-3-2-2-3-4-4
Current Liabilities 2241592342283133345036405151,063
Trade Payables21771081022191847
Short term borrowings2500000154878312
Other Liabilities-46-7-7-10-8-10-37-67-96-359
Total Liabilities 6395146336637177069661,2001,0921,737

Assets

Non Current Asset 283201176217274195225351402684
Loan Asset 00005516111217247468
Other Non Current Asset 283201176217219179113134154216
Current Asset 3563144574464435117418496901,053
Current Investment00728725501100
Other Current Asset3563143853594184617408486901,053
Total Assets 6395146336637177069661,2001,0921,737

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4151993730138-807640-89
Cash Flow From Investing Activity 4-7-60347-3348-10-18-13
Cash Flow From Financing Activity 13-941-27-63-82-31-26-60173
Net Cash Flow 58-5039131324-6340-3871
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)3223125646
DPS (₹)2112124322
BVPS (₹)15151718171519232428

Performance Ratios

ROA (%)10.66.26.710.43.65.313.713.27.89.5
ROE (%)20.710.210.216.35.99.827.628.015.721.3
ROCE (%)29.415.317.224.510.714.136.436.018.723.6

Valuation Parameters

Price/Book(x)3.52.13.55.02.51.22.62.71.62.3

Geojit Financial Services Ltd Stock News

Geojit Financial Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Geojit Finl. Service on 21-Nov-2024 16:59 is ₹108.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Geojit Finl. Service stood at ₹3,077.7.
The latest P/E ratio of Geojit Finl. Service as of 21-Nov-2024 16:59 is 17.57.
The latest P/B ratio of Geojit Finl. Service as of 21-Nov-2024 16:59 is 3.28.
The 52-week high of Geojit Finl. Service is ₹159.3 and the 52-week low is ₹54.92.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Geojit Finl. Service is ₹726.4 ( Cr.) .

About Geojit Financial Services Ltd

Geojit BNP Paribas Financial Services was founded as a partnership firm by C J George and Ranajit Kanjilal in 1987. Later in 1993 Ranajit Kanjilal retired from the firm. In 1995 Kerala State Industrial Development Corporation acquired 24% stake in the company, becoming the only instance in India of a government entity participating in the equity of a stock broking company.

Geojit is a charter member of the Financial Planning Standards Board of India and is one of the largest DP brokers in the country.

It has entered into a joint venture to form Barjeel Geojit Securities LLC, Dubai in order to cater financial services in gulf countries.

With a presence in almost all the major states of India, the network of over 540 offices across 300 cities and towns presently covers Andhra Pradesh, Bihar, Chattisgarh, Goa, Gujarat, Haryana, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, New Delhi, Orissa, Punjab, Rajasthan,Tamil Nadu & Pondicherry, Uttar Pradesh, Uttaranchal and West Bengal.

Geojit provides quality services in equity trading through its network of over 450 branches in India, Muscat, Dubai, Sharjah, Kuwait, Bahrain, Abu Dhabi and Ras Al Khaimah.

It has various subsidiary namely Geojit Commodities engaged in commodity trading, Geojit Credits is a Non Banking Financial Company, Geojit Technologies is into software development and services and Geojit Financial Distribution is engaged in insurance referrals and Geojit Financial Management.

Products and services

The company offers wide range of investments options in equity, futures and options, IPOs and mutual funds. The company offers clients daily SMS alerts, market pointers, periodical research reports, stock recommendations and customer meets organized frequently.

It also has online services named Classroom for new investors providing basic information about all investment avenues.

Milestones

1986- C. J. George became member of Cochin Stock Exchange

1987 M/s C. J. George and Co. was set up at Ravipuram, Cochin

1988Company was renamed at M/s Geojit & Co.

1994 Becomes a Public Limited Company named Geojit Securities Ltd.

1995 Kerala State Industrial Development Corporation Ltd. (KSIDC) acquires 24 percent equity stake.
Membership in National Stock Exchange (NSE).
Public Issue.

1996 Launch of Portfolio Management Services with SEBI registration.

1997 Depository Participant (DP) under National Securities Depository Limited.

1999 Membership in Bombay Stock Exchange (BSE).

2000 BSE Listing.
1st broking firm in India to offer online trading facility.
Commences Derivative Trading with NSE.
Integrates the 1st Bank Payment Gateway in the country for Internet Trading.

2001 Becomes India's first DP to launch depository transactions through Internet.
Establishes Joint Venture in the UAE to serve NRI customers.

2002 1st in India to launch an integrated internet trading system for Cash & Derivatives segments.

2003 Geojit Commodities Limited, wholly owned subsidiary, launched Online Futures Trading in agri-commodities, precious metals and in energy futures on multiple commodity exchanges.
National launch of online futures trading in Rubber, Pepper, Gold, Wheat and Rice.
Company renamed as Geojit Financial Services Ltd.

2004 National launch of online futures trading in Cardamom.

2005 NSE Listing.
Geojit Credits, a subsidiary, registers with RBI as a Non Banking Financial Company (NBFC).
National launch of online futures trading in Coffee.

2006 Charter member of the Financial Planning Standards Board of India.

2007 BNP Paribas takes a stake in the company’s equity, making it the single largest shareholder.
Establishes Joint Venture in Saudi Arabia to serve the Saudi national and the NRI.

2008 BNP Paribas Securities India (P) Ltd. – a Joint Venture with BNP Paribas S.A. for Institutional Brokerage.
1st brokerage to offer full Direct Market Access execution in India for institutional clients.

2009 Launch of Property Services division.
Launch of online trading in Currency Derivatives.
Consequent to BNP Paribas becoming the largest stakeholder in Geojit BNP Paribas, company is renamed as Geojit BNP Paribas Financial Services Ltd.

2010 Launch of FLIP(Financial Investment Platform), a new advanced online investment platform.
Launch of state of the art Mobile Trading platform to empower clients to trade from anywhere, even while on the move through the innovative application FLIP- ME.
Barjeel Geojit Securities, its joint venture with the Al Saud group is headquartered in Dubai, in the United Arab Emirates, and owns branches in Abu Dhabi, Ras Al Khaimah, Al Ain, and Sharjah.
Aloula Geojit Capital Co., the joint venture with the Al Johar group in Saudi Arabia is headquartered in Riyadh with branches in Dammam and Jeddah.
BBK Geojit Securities KSC, located in Kuwait, is a joint venture with BBK and JZA.
QBG Geojit Financial Services LLC is the joint venture with Qurum Business Group (QBG) and National Securities Co. and based in Oman.

2011 Geojit BNP Paribas and JZ Associates LLC, Kuwait signed a JV deal with Bank of Bahrain and Kuwait to from BBK Geojit Securities KSC. The agreement was signed by Abdulkarim Bucheery, CEO of BBK, C. J. George and Jassem Hassan Zainal of JZ Associates LLC
Geojit BNP Paribas joined hands with Qurum Business Group and National Securities Company in Oman to form QBG Geojit Securities LLC, Oman. The deal was inked by Sheikh Abdulaziz bin Ahmed Al Hosni, Vice President and Chairman of Qurum Business Group and C. J. George

2012 Qualified Foreign Investors (QFI) Investment services launched

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