Key Metrics of Geojit Financial Services
About Geojit Financial Services
Sectors
Company details
- Website
- geojit.com
- Registered office
- 11th Floor, 34/659-p Civil Line Road, Padivattom, Kochi, In-kl, 682024
- Listed
- NSE: GEOJITFSL · ₹67.57
Operational Areas of Geojit Financial Services
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 16 Sep 2026 | CARE | Reaffirmed | A+ | — | Stable | — | View |
| 17 Sep 2025 | CARE | Assigned | A+ | — | Stable | — | View |
| 13 Jan 2025 | CARE | Upgraded (from A) | A+ | A1 | Stable | ₹493 Cr | View |
| 22 Mar 2024 | CARE | Reaffirmed | A | A1 | Stable | ₹493 Cr | View |
| 01 Dec 2023 | CARE | Reaffirmed | A | A1 | Stable | ₹393 Cr | View |
| 11 Jan 2023 | CARE | Assigned | A | A1 | Stable | ₹740 Cr | View |
Credit strengths (CARE, Sep 2026)
+ Long track record in capital market services supported by experienced leadership
GFSL has established a strong presence in the Indian capital markets ecosystem over nearly four decades since its inception in 1987. The company has built a well-recognised franchise in retail broking segment, especially in cash market segment, as reflected in its market share of 0.54% in retail cash segment in FY26. GFSL caters to customers preferring investment over speculative trading activities leading to high cash delivery volumes compared to intraday cash volume. This is reflected from the
+ Comfortable capital structure
On a consolidated basis, GFSL maintains a comfortable capitalisation profile. As on March 31, 2026, the company reported a gearing of 0.20x including non-fund-based debt and 0.05x excluding the same, supported by a TNW of ₹1,245.67 crore. TNW improved to ₹1,245.67 crore as on March 31, 2026, supported by internal accruals. Despite the expansion of its lending business under its non-banking financial company (NBFC) arm, GCPL, the company has kept consolidated leverage within prudent levels.
+ Strengthening revenue diversification with growing recurring income streams
On a consolidated basis, GFSL reported a profit after tax (PAT) of ~₹84 crore on a total income of ~₹676 crore in FY26, compared to a PAT of ₹172 crore on a total income of ₹749 crore in FY25. The decline in profitability was primarily attributable to weaker capital market activity and the resultant moderation in transaction-based revenues across the broking industry and increase operational cost driven by expansions in newer business segments. Despite the near-term pressure on earnings, the com
Credit challenges
− Modest scale of operations and geographic concentration
GFSL’s scale of operations remains modest, as reflected in its retail cash market share of 0.54% in FY26, in line with 0.59% in FY25. As on June 30, 2026, GIL ranked 18th in terms of active client base on the National Stock Exchange (NSE), indicating a stable, despite limited, market presence. Although GFSL has digital presence, it follows a branch led service model with majority branches concentrated in south India. The company’s strategy remains centred on leveraging its sticky retail client b
− Exposure to volatile capital markets, regulatory risk, and intense competition
Despite the progress made in diversifying its revenue profile, GFSL's earnings remain meaningfully linked to capital market activity and investor sentiment. Revenue from equity and equity-related businesses, including brokerage, depository services, and interest income from clients, continued to account for a significant 49% of total income in FY26. Consequently, the company's financial performance remains susceptible to fluctuations in trading volumes, market volatility, investor participation,
Could lead to an upgrade
Factors that could individually or collectively lead to positive rating actions/upgrade: • Significant improvement in market share, geographical diversification , and profitability while maintaining a comfortable capital structure on a sustained basis.
Agency-reported financials (CARE, 16 Sep 2026)
| Metric | March 31, 2025 | March 31, 2026 | Q1FY27 |
|---|---|---|---|
| Total income | ₹749 Cr | ₹676 Cr | ₹169 Cr |
| Profit after tax (PAT) | ₹172 Cr | ₹83.58 Cr | ₹19.83 Cr |
| Tangible net-worth | ₹1,127 Cr | ₹1,246 Cr | ₹1,263 Cr |
| Loan book (margin trading facility) | 433.7% | 468.4% | — |
| Overall Gearing (x) | 0.27× | 0.20× | — |
| Cost-to-income (%) | 68.8% | 82.2% | 84.0% |
| Return on net-worth (RONW) (%) | 17.9% | 7.1% | 6.3% |
| Revenue growth (YoY) | — | −9.8% | — |
| PAT margin | 23.0% | 12.4% | 11.7% |
Borrowings & rated debt
Rated limits over time
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Issuer | Other | — | ₹0 | — | A+ (Stable) | Reaffirmed | CARE |
CARE ratings on record (checked 22 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Commercial Paper (Standalone) | — | Withdrawn |
| Issuer Ratings | — | CARE A+; Stable |
| LT/ST | — | Withdrawn |
Credit assessment · Broking firms
Criteria for Rating of Broking Firms (Dec 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 68% |
| Information on file | 67% · missing: Debt obligations and repayment schedule, Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 68% chance the next rating action is stable or better
- Current rating A+ (investment grade)
Rated limits by facility
Timeline
From the report
Liquidity: Strong As on June 30, 2026, GFSL (on a standalone basis) had no outstanding fund-based borrowings and had free cash and bank balance of ~₹57 crore.
From the report
Liquidity: Strong As on June 30, 2025, GFSL had no outstanding borrowings and had free cash and bank balance of ₹30 crore and undrawn/unutilised sanctions of ₹130 croreon a standalone basis.
From the report
At consolidated level, the unencumbered cash and bank balance was at ₹117 crore as on June 30, 2025.
From the report
Rationale and key rating drivers Upgrade in ratings assigned to the commercial paper program and bank facilities of Geojit Financial Services Limited (GFSL) factors in healthy growth in its revenues and profitability in FY24 and the current year, and the rights issue of ₹200 crore in October 2024 led to a comfortable capitalisation profile.
From the report
Liquidity: Strong As on September 30, 2024, GFSLhad free cash and bank balance of ₹15.55 crore and unutilised OD/BG/WCDL lines of ₹579.78 crores.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Geojit Financial Services
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Larsen & Toubro |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | larsentoubro.com | 1938 | Mumbai, India |
| Part of Life Insurance Corporation of India. | itcportal.com | 1910 | Kolkata, India | |
| Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | arvind.com | — | Ahmedabad, India | |
 Thermax |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | thermaxglobal.com | 1980 | Pune, India |
| Fintech, Broking & Market Infrastructure · Finance | angelone.in | — | Mumbai, Maharashtra, India | |
 Nuvama Wealth Management Limited |
Fintech, Broking & Market Infrastructure · Finance | nuvamawealth.com | — | Mumbai, Maharashtra, India |
 Kirloskar Brothers |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | kirloskarpumps.com | 1888 | Pune, India |
| 360 One Wam Limited | Discovered Companies · Other Industries | — | — | Mumbai, Maharashtra, India |
| HDFC Asset Management Company Limited | Fintech, Broking & Market Infrastructure · Banking & Financial Services | — | — | Mumbai, Maharashtra, India |
 Emami |
Shampoo, Hair Oil & Hair Care · FMCG - Personal & Home Care | emamiltd.in | 1974 | Kolkata, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
company
Filings
No filings on record yet.