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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Geojit Financial Services Ltd

About the Company - Geojit Financial Services Ltd

Geojit Financial Services Ltd. is a Public Limited Listed company incorporated on 24/11/1994 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L67120KL1994PLC008403 and registration number is 008403. Currently Company is involved in the business activities of Activities auxiliary to financial service activities, except insurance and pension funding. Company’s Total Operating Revenue is Rs. 480.79 Cr. and Equity Capital is Rs. 23.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & Investments11th Floor, 34/659-P, Civil Line Road, Kochi Kerala 682024mailus@geojit.com
http://www.geojit.com
Management
NamePosition Held
Mr. Ramanathan BupathyChairman(NonExe.&Ind.Director)
Mr. C J GeorgeManaging Director & CEO
Mr. A BalakrishnanExecutive Director
Mr. Satish MenonExecutive Director
Mr. Jones GeorgeExecutive Director
Mr. Punnoose GeorgeNon Executive Director
Mr. Harikishore SubramanianNon Exe. & Nominee Director
Mr. Radhakrishnan NairInd. Non-Executive Director
Mr. Mahesh VyasInd. Non-Executive Director
Mr. Rajan Krishnanath MedhekarInd. Non-Executive Director
Mr. M P Vijay KumarInd. Non-Executive Director
Prof. Sebastian MorrisInd. Non-Executive Director
Mrs. Alice Geevarghese VaidyanInd. Non-Executive Director

Geojit Financial Services Ltd. Share Price Update

Share PriceValue
Today₹78.59
Previous Day₹78.51

Basic Stock Data of Geojit Financial Services Ltd

Market Cap 1,857 Cr.
Current Price 77.6
High / Low90.0/39.1
Stock P/E15.1
Book Value 31.1
Dividend Yield1.96 %
ROCE14.5 %
ROE13.7 %
Face Value 1.00

Data Source: screener.in

Geojit Financial Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales104121121127130123102112114111110144152
Expenses58686467706965727778788794
Operating Profit46535760605437403833325758
OPM %45%44%47%48%46%44%36%36%33%30%29%39%38%
Other Income1100010026622
Interest1111222123235
Depreciation6666667778777
Profit before tax41485153524629313029294848
Tax %26%24%26%26%25%24%26%27%21%1%28%25%24%
Net Profit32373840403622242530223738
EPS in Rs1.281.531.571.661.631.450.890.971.021.190.881.521.54

Geojit Financial Services Ltd Quarterly Chart

Geojit Financial Services Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales250254230321269301363308306426500447479
Expenses191179153196196200238221204235269292319
Operating Profit5975781257310212587101191231155160
OPM %24%30%34%39%27%34%34%28%33%45%46%35%33%
Other Income751-1195345-6-411116
Interest43211112335810
Depreciation14131110131414212523252929
Profit before tax48110-5512062911155870165202119137
Tax %51%20%-40%31%29%33%33%48%27%25%26%19%
Net Profit2387-78824461782851127154101115
EPS in Rs0.853.58-3.213.341.602.383.080.971.975.176.304.064.61
Dividend Payout %88%28%-3%52%62%53%65%103%76%68%48%37%

Geojit Financial Services Ltd Profit & Loss Yearly Chart

Geojit Financial Services Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:4%
3 Years:14%
TTM:15%
Compounded Profit Growth
10 Years:7%
5 Years:6%
3 Years:25%
TTM:19%
Stock Price CAGR
10 Years:14%
5 Years:17%
3 Years:13%
1 Year:75%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:19%
Last Year:14%

Geojit Financial Services Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital23232323232424242424242424
Reserves389446412445467489534505480568673699720
Borrowings417615506022233679114187
Other Liabilities194183273249216300294356381539639484693
Total Liabilities6477297237227078188529079091,1681,4161,3211,624
Fixed Assets335889959760609083738599103
CWIP17300000000050
Investments112107115105781651868710513121111
Other Assets4855615195215315936077317211,0811,3191,2071,510
Total Assets6477297237227078188529079091,1681,4161,3211,624

Geojit Financial Services Ltd Reserves and Borrowings Chart

Geojit Financial Services Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -7-8238464811259-24137-1208338
Cash from Investing Activity -3011-3216-28-75-999-3089-15-16
Cash from Financing Activity -2134-71-8-756-37-64-82-31-26-61
Net Cash Flow-58-36-6654-5544131124-6342-39

Geojit Financial Services Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11610818014214717713815591969281
Inventory Days
Days Payable
Cash Conversion Cycle11610818014214717713815591969281
Working Capital Days61261-7-1842-9-4040-162-221-255-179
ROCE %11%13%12%24%12%17%20%11%13%26%27%14%

Geojit Financial Services Ltd Financial Efficiency Indicators Chart

Geojit Financial Services Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters62.22%62.20%62.19%62.11%62.05%60.64%58.97%56.22%54.68%54.62%54.61%54.61%
FIIs1.62%1.57%1.43%1.56%1.95%2.10%1.99%2.08%1.88%1.72%1.59%1.68%
Public36.17%36.23%36.38%36.33%36.00%37.26%39.04%41.70%43.45%43.67%43.81%43.72%
No. of Shareholders50,10951,47367,66469,52569,69174,33879,32387,82190,96391,76590,16387,055

Geojit Financial Services Ltd Shareholding Pattern Chart

No. of Geojit Financial Services Ltd Shareholders

This stock is not held by any mutual fund

Geojit Financial Services Ltd ROCE Trend

Geojit Financial Services Ltd EPS Trend

Geojit Financial Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)4.066.315.171.970.97
Diluted EPS (Rs.)4.066.305.171.970.96
Cash EPS (Rs.)5.247.346.143.182.13
Book Value[Excl.RevalReserv]/Share (Rs.)33.3632.1227.6323.8124.68
Book Value[Incl.RevalReserv]/Share (Rs.)33.3632.1227.6323.8124.68
Revenue From Operations / Share (Rs.)18.3720.9317.8312.8112.92
PBDIT / Share (Rs.)6.529.728.044.283.72
PBIT / Share (Rs.)5.318.687.063.232.84
PBT / Share (Rs.)4.978.466.932.922.43
Net Profit / Share (Rs.)4.036.315.172.141.26
NP After MI And SOA / Share (Rs.)4.066.305.171.970.96
PBDIT Margin (%)35.4746.4145.0733.3828.80
PBIT Margin (%)28.9141.4739.5925.2122.02
PBT Margin (%)27.0740.4338.8622.8018.77
Net Profit Margin (%)21.9530.1228.9816.679.72
NP After MI And SOA Margin (%)22.1230.1028.9715.407.50
Return on Networth / Equity (%)13.4421.6120.809.334.37
Return on Capital Employeed (%)15.5526.4224.3013.1411.23
Return On Assets (%)7.3510.6410.545.172.54
Total Debt / Equity (X)0.100.060.020.000.00
Asset Turnover Ratio (%)0.330.400.430.350.36
Current Ratio (X)2.342.062.252.452.61
Quick Ratio (X)2.342.062.252.452.61
Dividend Payout Ratio (NP) (%)73.8031.6529.02152.70248.47
Dividend Payout Ratio (CP) (%)56.9127.1924.4099.76130.50
Earning Retention Ratio (%)26.2068.3570.98-52.70-148.47
Cash Earning Retention Ratio (%)43.0972.8175.600.24-30.50
Interest Coverage Ratio (X)19.3144.7361.9635.3035.75
Interest Coverage Ratio (Post Tax) (X)12.9530.0340.8420.1816.10
Enterprise Value (Cr.)389.39768.14541.98-13.89708.01
EV / Net Operating Revenue (X)0.881.541.28-0.042.30
EV / EBITDA (X)2.503.312.83-0.137.98
MarketCap / Net Operating Revenue (X)2.172.992.821.423.20
Retention Ratios (%)26.1968.3470.97-52.70-148.47
Price / BV (X)1.322.142.020.861.86
Price / Net Operating Revenue (X)2.172.992.821.423.20
EarningsYield0.100.100.100.100.02

Geojit Financial Services Ltd Profitability Ratios (%)

Geojit Financial Services Ltd Liquidity Ratios

Geojit Financial Services Ltd Liquidity Ratios (%)

Geojit Financial Services Ltd Interest Coverage Ratios (%)

Geojit Financial Services Ltd Valuation Ratios

Fair Value of Geojit Financial Services Ltd Stock

Fair Value: ₹65.60

The stock is overvalued by 15.47% compared to the current price ₹77.6

*Investments are subject to market risks

Strength and Weakness of Geojit Financial Services Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -40.58, which is a positive sign.
  3. The company has higher reserves (525.15 cr) compared to borrowings (46.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (342.62 cr) and profit (95.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 5.42 and average Dividend Yield of 31.44%.
  2. The stock has a high average Cash Conversion Cycle of 126.92, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Geojit Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE