Reported Earnings • May 05
Full year 2026 earnings released: EPS: ₹2.88 (vs ₹6.18 in FY 2025) Full year 2026 results: EPS: ₹2.88 (down from ₹6.18 in FY 2025). Revenue: ₹6.66b (down 6.7% from FY 2025). Net income: ₹804.2m (down 52% from FY 2025). Profit margin: 12% (down from 24% in FY 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Declared Dividend • May 01
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 10th July 2026 Payment date: 23rd August 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 60% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.3% EPS decline seen over the last 5 years. Announcement • Apr 22
Geojit Financial Services Limited to Report Fiscal Year 2026 Results on Apr 29, 2026 Geojit Financial Services Limited announced that they will report fiscal year 2026 results on Apr 29, 2026 Reported Earnings • Jan 17
Third quarter 2026 earnings released: EPS: ₹0.46 (vs ₹1.31 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.46 (down from ₹1.31 in 3Q 2025). Revenue: ₹1.58b (down 3.5% from 3Q 2025). Net income: ₹127.3m (down 65% from 3Q 2025). Profit margin: 8.1% (down from 22% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 09
Geojit Financial Services Limited to Report Q3, 2026 Results on Jan 16, 2026 Geojit Financial Services Limited announced that they will report Q3, 2026 results on Jan 16, 2026 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹81.04, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 26x in the Capital Markets industry in India. Total returns to shareholders of 104% over the past three years. Reported Earnings • Oct 21
Second quarter 2026 earnings released: EPS: ₹0.80 (vs ₹2.34 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.80 (down from ₹2.34 in 2Q 2025). Revenue: ₹1.70b (down 18% from 2Q 2025). Net income: ₹223.7m (down 60% from 2Q 2025). Profit margin: 13% (down from 27% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
Geojit Financial Services Limited to Report Q2, 2026 Results on Oct 20, 2025 Geojit Financial Services Limited announced that they will report Q2, 2026 results on Oct 20, 2025 Announcement • Jul 08
Geojit Financial Services Limited to Report Q1, 2026 Results on Jul 15, 2025 Geojit Financial Services Limited announced that they will report Q1, 2026 results on Jul 15, 2025 Reported Earnings • Jul 05
Full year 2025 earnings released: EPS: ₹6.18 (vs ₹5.45 in FY 2024) Full year 2025 results: EPS: ₹6.18 (up from ₹5.45 in FY 2024). Revenue: ₹7.14b (up 20% from FY 2024). Net income: ₹1.68b (up 16% from FY 2024). Profit margin: 24% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 04
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 11 July 2025. Payment date: 24 August 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (1.1%). Declared Dividend • May 23
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 11th July 2025 Payment date: 24th August 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹6.18 (vs ₹6.06 in FY 2024) Full year 2025 results: EPS: ₹6.18 (up from ₹6.06 in FY 2024). Revenue: ₹7.17b (up 20% from FY 2024). Net income: ₹1.68b (up 16% from FY 2024). Profit margin: 23% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹87.28, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 19x in the Capital Markets industry in India. Total returns to shareholders of 110% over the past three years. Announcement • May 14
Geojit Financial Services Limited to Report Q4, 2025 Results on May 21, 2025 Geojit Financial Services Limited announced that they will report Q4, 2025 results on May 21, 2025 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹66.41, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 19x in the Capital Markets industry in India. Total returns to shareholders of 29% over the past three years. New Risk • Feb 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: ₹1.31 (vs ₹1.54 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.31 (down from ₹1.54 in 3Q 2024). Revenue: ₹1.64b (up 11% from 3Q 2024). Net income: ₹358.6m (down 2.8% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jan 22
Geojit Financial Services Limited to Report Q3, 2025 Results on Jan 30, 2025 Geojit Financial Services Limited announced that they will report Q3, 2025 results on Jan 30, 2025 Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹125, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 88% over the past three years. Announcement • Oct 09
Geojit Financial Services Limited to Report First Half, 2025 Results on Oct 17, 2024 Geojit Financial Services Limited announced that they will report first half, 2025 results on Oct 17, 2024 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹139, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 96% over the past three years. Announcement • Oct 07
Geojit Financial Services Limited Announces Board Changes Geojit Financial Services Limited announced following change in the Directorate of the Company: Appointment of Mr. G Pradeepkumar (DIN: 06978792) as Additional Director (Non-executive Independent) w.e.f. 08th October 2024. Mr. M P Vijay Kumar's (DIN: 05170323) stepping down from the position of Independent Director of the Company w.e.f. close of business hours of 07th October 2024. Mr. Pradeepkumar is an accomplished finance professional with extensive experience in overseeing all aspects of financial services and implementing strategic programs within defined cost, budget, and quality parameters. With a distinguished career spanning over two decades, Mr. Pradeepkumar served as the CEO of Union Asset Management Company from March 2010 to March 2024. Prior to this, Mr. Pradeepkumar was the Chief Marketing Officer at IDFC Investment Advisors Limited from December 2005 to March 2010. Mr. Pradeep Kumar holds a Post Graduate Diploma in Business Management (PGDBM) from the Indian Institute of Management, Ahmedabad, and a Bachelor of Technology (BTech) degree from the University of Calicut. Names of listed entities in which Mr. M P Vijayakumar holds directorships, indicating the category of directorship Heritage Food Limited - Independent Director Life Insurance Corporation of India - Independent Director. Reported Earnings • Sep 26
First quarter 2025 earnings released: EPS: ₹1.86 (vs ₹0.88 in 1Q 2024) First quarter 2025 results: EPS: ₹1.86 (up from ₹0.88 in 1Q 2024). Revenue: ₹1.72b (up 51% from 1Q 2024). Net income: ₹445.1m (up 112% from 1Q 2024). Profit margin: 26% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 04
Senior Vice President recently sold ₹1.3m worth of stock On the 28th of August, K. V. Kumar sold around 10k shares on-market at roughly ₹127 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹5.1m. Insiders have been net sellers, collectively disposing of ₹7.6m more than they bought in the last 12 months. New Risk • Sep 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (₹6.3m sold). Announcement • Aug 27
Geojit Financial Services Limited Appoints Binoy Varghese Samuel as Additional Director (Non-Executive Independent) Geojit Financial Services Limited announced the Appointment of Mr. Binoy Varghese Samuel as Additional Director (Non-executive Independent) effective 26 August 2024. Mr. Binoy Varghese Samuel has management experience of over 30 years in different organizations and industries financial services, manufacturing, and general insurance. His experience relates primarily to accounting and financial management roles, corporate affairs, compliance and risk management, project planning and implementation, joint venture negotiations, management reporting and general administration. Mr. Binoy V Samuel retired as Chief Financial Officer of Geojit Financial Services Limited in the year 2015, served as an advisor until 2018. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹121, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 68% over the past three years. Recent Insider Transactions • Aug 25
Insider recently sold ₹5.1m worth of stock On the 22nd of August, Jaya Alexander sold around 45k shares on-market at roughly ₹114 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹6.3m more than they bought in the last 12 months. Announcement • Jul 17
Geojit Financial Services Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 Geojit Financial Services Limited announced that at the AGM held on July 12, 2024 approved final dividend of INR 1.5 per equity share for the financial year ended March 31, 2024. Announcement • Jul 15
Geojit Financial Services Limited Announces Retirement of Independent Directors Geojit Financial Services Limited announced that Mr. R Bupathy and Mr. Mahesh Vyas has retired from the post of the Independent Directors of the Company with effect from close of business hours of July 14, 2024 due to their completion of second term of appointment. Mr. R Bupathy and Mr. Mahesh Vyas were appointed as Non-Executive Independent Directors of the Company for a second term with effect from July 15, 2019 for a period of five years. Announcement • Jul 06
Geojit Financial Services Limited to Report Q1, 2025 Results on Jul 13, 2024 Geojit Financial Services Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Jul 13, 2024 Reported Earnings • Jun 23
Full year 2024 earnings released: EPS: ₹6.06 (vs ₹4.07 in FY 2023) Full year 2024 results: EPS: ₹6.06 (up from ₹4.07 in FY 2023). Revenue: ₹5.96b (up 38% from FY 2023). Net income: ₹1.45b (up 49% from FY 2023). Profit margin: 24% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹103, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 46% over the past three years. Reported Earnings • May 02
Full year 2024 earnings released: EPS: ₹6.06 (vs ₹4.07 in FY 2023) Full year 2024 results: EPS: ₹6.06 (up from ₹4.07 in FY 2023). Revenue: ₹6.07b (up 41% from FY 2023). Net income: ₹1.45b (up 49% from FY 2023). Profit margin: 24% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Declared Dividend • May 02
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 1st July 2024 Payment date: 11th August 2024 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹94.65, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹76.25, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: ₹1.54 (vs ₹1.02 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.54 (up from ₹1.02 in 3Q 2023). Revenue: ₹1.47b (up 32% from 3Q 2023). Net income: ₹368.9m (up 52% from 3Q 2023). Profit margin: 25% (up from 22% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jan 29
Geojit Financial Services Limited Announces Retirement of Rajan K Medhekar as On-Executive Independent Director Geojit Financial Services Limited announced that Mr. Rajan K Medhekar has retired from the post of the Independent Director of the Company with effect from close of business hours of January 29, 2024. Retirement of Mr. Rajan K Medhekar from the post of Non-Executive Independent Director of the Company due to his completion of term of appointment. Mr. Medhekar was appointed as Non- Executive Independent Director of the Company w.e.f. January 30, 2021 for a period of three years. Announcement • Jan 23
Geojit Financial Services Limited to Report Q3, 2024 Results on Jan 31, 2024 Geojit Financial Services Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹79.40, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 56% over the past three years. Announcement • Nov 29
Geojit Financial Services Limited Appoints Rahul Roy Chowdhury as the CEO - Private Wealth Services Geojit Financial Services Limited announced that Mr. Rahul Roy Chowdhury has been appointed as the CEO - Private Wealth Services, with effect from November 29, 2023. Mr. Rahul comes with 17 years of rich experience in Wealth & Investment business. He joins the company from Equirus Wealth where he was the Managing Director and Business Head. He was also associated with Citi Bank as the Vice President & National Head Investment - Sky Business, HSBC Global Asset Management and IndusInd Bank. He has done his PG from IMT Ghaziabad after completing his Bachelor of Engineering. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹1.52 (vs ₹0.97 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.52 (up from ₹0.97 in 2Q 2023). Revenue: ₹1.43b (up 29% from 2Q 2023). Net income: ₹363.6m (up 57% from 2Q 2023). Profit margin: 26% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹64.55, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 86% over the past three years. Announcement • Oct 28
Geojit Financial Services Limited Appoints Gopinath Natarajan as the CEO - Portfolio Management Services Geojit Financial Services Limited informed that Mr. Gopinath Natarajan has been appointed as the CEO - Portfolio Management Services, with effect from October 25, 2023. Mr. Gopinath comes with 25 years of rich experience in Capital market & Asset management industry driving a high-performance culture. He joins from Bridgeweave where he was the Asia Director. He was also associated with YES Securities as Sr President, IIFL Holding as Executive Vice President and with Kotak Securities as their Sr Vice President. He was also the CEO of IIFL Asset Management during 2011-13. Announcement • Oct 24
Geojit Financial Services Limited to Report Q2, 2024 Results on Oct 31, 2023 Geojit Financial Services Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: ₹0.88 (vs ₹0.89 in 1Q 2023) First quarter 2024 results: EPS: ₹0.88 (down from ₹0.89 in 1Q 2023). Revenue: ₹1.14b (up 14% from 1Q 2023). Net income: ₹210.3m (down 1.2% from 1Q 2023). Profit margin: 19% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
Geojit Financial Services Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Geojit Financial Services Limited approves final dividend of INR 1.5 per equity share for the financial year ended March 31, 2023 at its Annual General Meeting held on 14 July 2023. Upcoming Dividend • Jun 26
Upcoming dividend of ₹1.50 per share at 3.2% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 13 August 2023. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (2.2%). Reported Earnings • Jun 25
Full year 2023 earnings released: EPS: ₹4.07 (vs ₹6.31 in FY 2022) Full year 2023 results: EPS: ₹4.07 (down from ₹6.31 in FY 2022). Revenue: ₹4.31b (down 13% from FY 2022). Net income: ₹971.8m (down 36% from FY 2022). Profit margin: 23% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: ₹4.06 (vs ₹6.31 in FY 2022) Full year 2023 results: EPS: ₹4.06 (down from ₹6.31 in FY 2022). Revenue: ₹4.40b (down 11% from FY 2022). Net income: ₹971.8m (down 36% from FY 2022). Profit margin: 22% (down from 30% in FY 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 19
Insider recently bought ₹1.4m worth of stock On the 15th of February, Nikhil Punnoose bought around 31k shares on-market at roughly ₹44.93 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth ₹3.1m. Insiders have collectively bought ₹16m more in shares than they have sold in the last 12 months. Reported Earnings • Jan 25
Third quarter 2023 earnings released: EPS: ₹1.02 (vs ₹1.63 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.02 (down from ₹1.63 in 3Q 2022). Revenue: ₹1.14b (down 11% from 3Q 2022). Net income: ₹242.7m (down 38% from 3Q 2022). Profit margin: 21% (down from 30% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Geojit Financial Services Limited to Report Q3, 2023 Results on Jan 24, 2023 Geojit Financial Services Limited announced that they will report Q3, 2023 results on Jan 24, 2023 Recent Insider Transactions • Dec 14
Non-Executive Director recently bought ₹2.0m worth of stock On the 9th of December, Punnoose George bought around 42k shares on-market at roughly ₹47.24 per share. This trade did not impact their existing holding. In the last 3 months, they made an even bigger purchase worth ₹3.0m. Insiders have collectively bought ₹10m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 04
Non-Executive Director recently bought ₹2.4m worth of stock On the 1st of December, Punnoose George bought around 51k shares on-market at roughly ₹48.01 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹3.0m. Insiders have collectively bought ₹8.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 20
Non-Executive Director recently bought ₹2.8m worth of stock On the 17th of November, Punnoose George bought around 60k shares on-market at roughly ₹46.11 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: ₹0.97 (vs ₹1.66 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.97 (down from ₹1.66 in 2Q 2022). Revenue: ₹1.11b (down 12% from 2Q 2022). Net income: ₹230.9m (down 42% from 2Q 2022). Profit margin: 21% (down from 31% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: ₹0.89 (vs ₹1.57 in 1Q 2022) First quarter 2023 results: EPS: ₹0.89 (down from ₹1.57 in 1Q 2022). Revenue: ₹1.00b (down 17% from 1Q 2022). Net income: ₹212.9m (down 43% from 1Q 2022). Profit margin: 21% (down from 31% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 25
Full year 2022 earnings released: EPS: ₹6.31 (vs ₹5.17 in FY 2021) Full year 2022 results: EPS: ₹6.31 (up from ₹5.17 in FY 2021). Revenue: ₹4.95b (up 17% from FY 2021). Net income: ₹1.51b (up 22% from FY 2021). Profit margin: 30% (up from 29% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 24
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 14 August 2022. Payout ratio is a comfortable 48% and the cash payout ratio is 76%. Trailing yield: 6.1%. Within top quartile of Indian dividend payers (1.9%). Higher than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹53.60, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 83% over the past three years. Reported Earnings • May 01
Full year 2022 earnings released: EPS: ₹6.31 (vs ₹5.17 in FY 2021) Full year 2022 results: EPS: ₹6.31 (up from ₹5.17 in FY 2021). Revenue: ₹4.96b (up 18% from FY 2021). Net income: ₹1.51b (up 22% from FY 2021). Profit margin: 30% (up from 29% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹66.75, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 95% over the past three years. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.63 (up from ₹1.28 in 3Q 2021). Revenue: ₹1.28b (up 24% from 3Q 2021). Net income: ₹388.7m (up 27% from 3Q 2021). Profit margin: 30% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.6%, compared to a 5.6% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS ₹1.66 (vs ₹1.36 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.26b (up 17% from 2Q 2021). Net income: ₹395.2m (up 22% from 2Q 2021). Profit margin: 31% (up from 30% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹74.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 19% over the past three years. Upcoming Dividend • Jul 12
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 19 July 2021. Payment date: 29 August 2021. Trailing yield: 4.7%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.6%). Reported Earnings • Jul 09
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹4.22b (up 40% from FY 2020). Net income: ₹1.23b (up 162% from FY 2020). Profit margin: 29% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹79.05, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 15x in the Capital Markets industry in India. Total returns to shareholders of 3.0% over the past three years. Reported Earnings • May 18
Full year 2021 earnings released: EPS ₹5.17 (vs ₹1.97 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹4.24b (up 40% from FY 2020). Net income: ₹1.23b (up 162% from FY 2020). Profit margin: 29% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₹54.15, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 13x in the Capital Markets industry in India. Total loss to shareholders of 37% over the past three years. Executive Departure • Apr 08
Chief Financial Officer has left the company On the 5th of April, Sanjeev Rajan's tenure as Chief Financial Officer ended after 3.4 years in the role. We don't have any record of a personal shareholding under Sanjeev's name. A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Mar 09
New 90-day high: ₹60.80 The company is up 12% from its price of ₹54.15 on 09 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₹60.80, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.4x. This compares to an average P/E of 13x in the Capital Markets industry in India. Total return to shareholders over the past three years is a loss of 28%.