Geojit Financial Services Ltd is a prominent Indian investment services company, headquartered in Kochi, Kerala. Established in 1994, Geojit has a long-standing reputation for delivering innovative financial solutions to a diverse clientele. The company has been a pioneer in online trading, launching its digital platform in 2000, which significantly transformed the way investors in India access financial markets. Today, Geojit serves over 14 lakh customers, offering a wide range of financial products and services.
Geojit’s portfolio includes mutual funds, equity and derivatives, commodities, portfolio management services (PMS), and financial planning. The firm has expanded its presence both domestically and internationally, with a notable network of offices in India and the Middle East. As of June 30, 2024, Geojit manages assets worth over ₹1,03,350 crore. Its shareholders include global financial powerhouse BNP Paribas, co-founder C.J. George, and influential investors like Rekha Rakesh Jhunjhunwala and the Kerala State Industrial Development Corporation (KSIDC). This solid backing and its strong digital footprint position Geojit as a leader in India’s evolving financial services industry.
Latest News on Geojit Financial Services Ltd
Geojit Financial Services Ltd has approved a rights issue to raise up to ₹200 crore, offering shares at ₹50 each. Under this plan, shareholders are entitled to one equity share for every six shares held as of the record date. This move is aimed at strengthening the company’s capital base, supporting expansion efforts, and enhancing its digital offerings. By raising fresh capital, Geojit is positioning itself for further growth in India’s competitive financial services sector, while reinforcing its commitment to delivering value to its shareholders.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 54.61% | 54.59% | 54.59% | 54.59% | 54.59% |
| FIIs + | 1.68% | 2.59% | 2.41% | 3.37% | 3.77% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.02% | 0.05% |
| Public + | 43.72% | 42.82% | 43.01% | 42.02% | 41.60% |
| No. of Shareholders | 87,055 | 87,021 | 85,751 | 81,025 | 89,954 |
The shareholding pattern of Geojit Financial Services Ltd over the last five quarters highlights notable trends. As of September 2023, promoters held a majority stake of 54.61%, which remained relatively stable at 54.59% through December 2023, March 2024, June 2024, and September 2024. Foreign Institutional Investors (FIIs) gradually increased their share from 1.68% in September 2023 to 3.77% in September 2024, indicating rising interest from global investors. Domestic Institutional Investors (DIIs) showed a marginal increase in holdings from 0.00% to 0.05% over this period. Meanwhile, public shareholding witnessed a decline from 43.72% in September 2023 to 41.60% by September 2024. The number of shareholders fluctuated, starting at 87,055 in September 2023 and reaching 89,954 by September 2024, reflecting a dynamic shareholder base. This consistent shareholding pattern demonstrates stability and growing institutional confidence in Geojit Financial Services Ltd.
Below are the trading platforms that you can use to purchase Geojit Financial Services Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 149.75 | 130.22 |
| December 2024 | 151.25 | 131.52 |
As we approach the end of 2024, Geojit Financial Services Ltd is expected to see fluctuating price trends. In November 2024, the maximum price is projected to reach ₹149.75, while the minimum could dip to ₹130.22. Moving into December 2024, the maximum price is anticipated to rise slightly to ₹151.25, with a minimum of ₹131.52. These projections reflect potential market movements for Geojit Financial Services Ltd as the year closes.
| When | Maximum Price | Minimum Price |
| January 2025 | 152.76 | 117.51 |
| February 2025 | 154.31 | 118.70 |
| March 2025 | 157.55 | 121.19 |
| April 2025 | 155.99 | 119.99 |
| May 2025 | 151.44 | 116.50 |
| June 2025 | 158.26 | 121.74 |
| July 2025 | 155.16 | 119.35 |
| August 2025 | 159.95 | 123.04 |
| September 2025 | 161.87 | 124.52 |
| October 2025 | 166.08 | 127.76 |
| November 2025 | 170.24 | 130.95 |
| December 2025 | 177.90 | 136.84 |
As we step into 2025, Geojit Financial Services Ltd is expected to experience price fluctuations throughout the year. In January, the maximum price could reach ₹152.76 and the minimum ₹117.51. Notable highs during the year include March at ₹157.55, August at ₹159.95, and November at ₹170.24. Finally, as we step into December, the maximum may rise to ₹177.90 and the minimum ₹136.84.
| When | Maximum Price | Minimum Price |
| January 2026 | 183.23 | 140.95 |
| February 2026 | 178.65 | 137.42 |
| March 2026 | 182.22 | 140.17 |
| April 2026 | 185.94 | 143.03 |
| May 2026 | 184.10 | 141.62 |
| June 2026 | 188.71 | 145.16 |
| July 2026 | 185.01 | 142.31 |
| August 2026 | 190.73 | 146.71 |
| September 2026 | 194.54 | 149.65 |
| October 2026 | 199.60 | 153.54 |
| November 2026 | 204.59 | 157.38 |
| December 2026 | 209.70 | 161.31 |
| When | Maximum Price | Minimum Price |
| January 2027 | 211.80 | 162.92 |
| February 2027 | 217.23 | 167.10 |
| March 2027 | 225.70 | 173.62 |
| April 2027 | 221.28 | 170.21 |
| May 2027 | 214.83 | 165.26 |
| June 2027 | 224.50 | 172.69 |
| July 2027 | 220.10 | 169.31 |
| August 2027 | 226.91 | 174.54 |
| September 2027 | 234.85 | 180.65 |
| October 2027 | 240.95 | 185.35 |
| November 2027 | 246.98 | 189.98 |
| December 2027 | 253.15 | 194.73 |
| When | Maximum Price | Minimum Price |
| January 2028 | 258.22 | 198.63 |
| February 2028 | 264.84 | 203.72 |
| March 2028 | 275.16 | 211.67 |
| April 2028 | 269.77 | 207.52 |
| May 2028 | 261.91 | 201.47 |
| June 2028 | 273.70 | 210.54 |
| July 2028 | 268.33 | 206.41 |
| August 2028 | 276.63 | 212.79 |
| September 2028 | 286.31 | 220.24 |
| October 2028 | 293.76 | 225.97 |
| November 2028 | 301.10 | 231.62 |
| December 2028 | 308.63 | 237.41 |
| When | Maximum Price | Minimum Price |
| January 2029 | 314.80 | 242.15 |
| February 2029 | 322.87 | 248.36 |
| March 2029 | 335.46 | 258.05 |
| April 2029 | 328.89 | 252.99 |
| May 2029 | 319.31 | 245.62 |
| June 2029 | 333.68 | 256.67 |
| July 2029 | 327.13 | 251.64 |
| August 2029 | 337.25 | 259.42 |
| September 2029 | 349.06 | 268.50 |
| October 2029 | 358.13 | 275.49 |
| November 2029 | 367.08 | 282.37 |
| December 2029 | 376.26 | 289.43 |
| When | Maximum Price | Minimum Price |
| January 2030 | 383.79 | 295.22 |
| February 2030 | 393.63 | 302.79 |
| March 2030 | 408.98 | 314.60 |
| April 2030 | 400.96 | 308.43 |
| May 2030 | 389.28 | 299.45 |
| June 2030 | 406.80 | 312.92 |
| July 2030 | 398.82 | 306.79 |
| August 2030 | 411.16 | 316.27 |
| September 2030 | 425.55 | 327.34 |
| October 2030 | 436.61 | 335.85 |
| November 2030 | 447.53 | 344.25 |
| December 2030 | 458.71 | 352.86 |
As we step into 2030, Geojit Financial Services Ltd is projected to experience significant price variations throughout the year. In January, the maximum price is expected to reach ₹383.79, with a minimum of ₹295.22. The stock is anticipated to peak in November at ₹447.53, while the minimum is expected to be ₹344.25. Finally, as we move into December, the maximum price could rise to ₹458.71, with a minimum of ₹352.86.
Financial Condition of Geojit Financial Services Ltd
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 306 | 426 | 500 | 447 | 623 | 760 |
| Expenses + | 204 | 235 | 269 | 292 | 386 | 451 |
| Operating Profit | 101 | 191 | 231 | 155 | 237 | 309 |
| OPM % | 33% | 45% | 46% | 35% | 38% | 41% |
| Other Income + | -4 | 1 | 1 | 1 | 1 | 2 |
| Interest | 3 | 3 | 5 | 8 | 17 | 32 |
| Depreciation | 25 | 23 | 25 | 29 | 29 | 30 |
| Profit before tax | 70 | 165 | 202 | 119 | 192 | 250 |
| Tax % | 27% | 25% | 26% | 19% | 25% | |
| Net Profit + | 51 | 127 | 154 | 101 | 149 | 193 |
| EPS in Rs | 1.69 | 4.43 | 5.4 | 3.48 | 5.19 | 6.74 |
| Dividend Payout % | 76% | 68% | 48% | 37% | 25% |
The financial performance of Geojit Financial Services Ltd has shown a robust trend over the past five fiscal years, with notable growth in key metrics. Sales revenue increased steadily from ₹306 crore in March 2020 to ₹623 crore by March 2024, reflecting a compound growth trend that reached ₹760 crore in the trailing twelve months (TTM). Expenses, too, grew from ₹204 crore in March 2020 to ₹451 crore in the TTM, indicating the company’s expanding operational scale.
Operating profit demonstrated significant improvement, increasing from ₹101 crore in March 2020 to ₹237 crore by March 2024, with the operating profit margin (OPM%) maintaining a healthy range between 33% and 46% during this period. The company’s OPM% stood at 41% in the TTM, showcasing its efficiency in managing costs relative to revenue growth.
Other income remained minor, with a slight increase in the TTM, while interest expenses rose from ₹3 crore in March 2020 to ₹32 crore in the TTM, reflecting greater financial leverage. Depreciation remained stable at around ₹29 crore to ₹30 crore.
Profit before tax increased from ₹70 crore in March 2020 to ₹192 crore by March 2024, with a further rise to ₹250 crore in the TTM. Despite some fluctuations in tax rates, net profit grew from ₹51 crore to ₹149 crore over the same period, reaching ₹193 crore in the TTM. Earnings per share (EPS) followed suit, rising from ₹1.69 in March 2020 to ₹5.19 by March 2024 and ₹6.74 in the TTM.
Geojit Financial Services Ltd has also progressively reduced its dividend payout percentage from 76% in March 2020 to 25% in March 2024, indicating a focus on retaining earnings for future growth. This financial performance reflects the company’s consistent growth and strong operational management.
FAQs
What is Geojit Financial Services current market capitalization?
Geojit Financial Services Ltd current market capitalization is ₹3,418 crore.
The projected share price target for Geojit Financial Services Ltd in 2025 ranges from ₹116.50 to ₹177.90.
The projected share price target for Geojit Financial Services Ltd in 2030 ranges from ₹295.22 to ₹458.71.
What is Geojit Financial Services current price-to-earnings (PE) ratio?
Geojit Financial Services Ltd current price-to-earnings (PE) ratio is 18.2.
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Conclusion
In conclusion, Geojit Financial Services Ltd has become a prominent player in India’s investment sector since 1994, offering a wide range of services like online trading and mutual funds. The approval of a ₹200 crore rights issue signals its commitment to growth and digital enhancement. With a strong financial performance—sales rising from ₹306 crore in 2020 to ₹623 crore in 2024—and positive share price forecasts peaking at ₹458.71 by December 2030, Geojit is well-positioned for continued success and value creation in the market.
What did we learn?
- 1 Latest News on Geojit Financial Services Ltd
- 2 Shareholdings Patterns of Geojit Financial Services Ltd
- 3 How to Purchase Geojit Financial Services Ltd Shares?
- 4 Geojit Financial Services Ltd Share Price Target 2024 – 2030
- 4.1 Geojit Financial Services Ltd Share Price Target 2024
- 4.2 Geojit Financial Services Ltd Share Price Target 2025
- 4.3 Geojit Financial Services Ltd Share Price Prediction 2026
- 4.4 Geojit Financial Services Ltd Share Price Target 2027
- 4.5 Geojit Financial Services Ltd Share Price Prediction 2028
- 4.6 Geojit Financial Services Ltd Share Price Target 2029
- 4.7 Geojit Financial Services Ltd Share Price Target 2030
- 5 Financial Condition of Geojit Financial Services Ltd
- 6 FAQs
- 6.1 What is Geojit Financial Services current market capitalization?
- 6.2 What is the projected share price target for Geojit Financial Services Ltd in 2025?
- 6.3 What is the projected share price target for Geojit Financial Services in 2030?
- 6.4 What is Geojit Financial Services current price-to-earnings (PE) ratio?
- 7 Conclusion
