SMIFS Capital Markets Ltd

SMIFS Cap. Mkt. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SMIFS Capital Markets Ltd

₹ 66.0 3.95%
26 Apr 4:01 p.m.
smifscap.com BSE: 508905
About

Incorporated in 2000, SMIFS Capital Markets Ltd is engaged mainly in merchant banking and trading in government securities and shares[1]

Key Points

Business Overview:[1]
Company is a SEBI registered Category– I Merchant Banker and Underwriter with expertise in corporate finance, merchant banking, corporate advisory services, treasury management, project finance and underwriting. Company also works as Lead Manager / Co-Manager / Advisor to issues, Manager to Open Offers and Buy Back Offer

Website BSE
  • Market Cap ₹ 36.9 Cr.
  • Current Price ₹ 66.0
  • High / Low ₹ 87.0 / 34.9
  • Stock P/E 18.3
  • Book Value ₹ 222
  • Dividend Yield 0.00 %
  • ROCE 0.58 %
  • ROE 0.39 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.30 times its book value
  • Promoter holding has increased by 4.84% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.44% over past five years.
  • Company has a low return on equity of 0.30% over last 3 years.
  • Earnings include an other income of Rs.6.53 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
18.82 22.04 10.04 26.12 17.89 13.04 16.46 15.06 11.26 10.11 12.07 2.87 211.99
19.36 22.17 10.59 26.50 18.35 13.78 16.96 16.38 11.82 11.15 12.90 3.58 212.82
Operating Profit -0.54 -0.13 -0.55 -0.38 -0.46 -0.74 -0.50 -1.32 -0.56 -1.04 -0.83 -0.71 -0.83
OPM % -2.87% -0.59% -5.48% -1.45% -2.57% -5.67% -3.04% -8.76% -4.97% -10.29% -6.88% -24.74% -0.39%
2.95 0.67 0.81 0.90 2.06 0.74 0.60 1.52 0.69 1.58 0.97 0.94 3.04
Interest 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.11 0.10 0.08 0.09 0.09 0.10 0.07 0.07 0.07 0.07 0.07 0.07 0.06
Profit before tax 2.29 0.44 0.18 0.43 1.51 -0.10 0.03 0.13 0.06 0.47 0.07 0.16 2.15
Tax % 32.31% 493.18% 0.00% 34.88% 12.58% 260.00% 100.00% 176.92% -133.33% 40.43% 28.57% 43.75% 26.51%
1.56 -1.73 0.18 0.29 1.33 0.18 0.00 -0.10 0.14 0.28 0.06 0.10 1.58
EPS in Rs 2.79 -3.10 0.32 0.52 2.38 0.32 0.00 -0.18 0.25 0.50 0.11 0.18 2.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
28 31 36 34 40 46 53 49 49 71 70 57 237
24 30 36 33 39 45 52 47 48 70 69 56 240
Operating Profit 5 1 -1 1 1 1 2 1 1 1 1 1 -3
OPM % 17% 3% -2% 4% 4% 3% 3% 3% 2% 2% 1% 1% -1%
1 1 1 0 0 0 0 0 0 2 2 0 7
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 1 1 1 1 0 0 0 0
Profit before tax 5 1 0 1 1 1 1 1 0 3 2 1 3
Tax % 25% 26% 57% 4% 23% 11% -184% 23% 33% 93% 3% 32%
4 1 0 1 1 1 3 1 0 0 2 0 2
EPS in Rs 7.05 1.83 0.38 1.72 1.52 1.54 4.73 1.02 0.23 0.39 3.56 0.82 3.62
Dividend Payout % 20% 77% 266% 58% 49% 65% 21% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 1%
3 Years: 5%
TTM: 325%
Compounded Profit Growth
10 Years: -11%
5 Years: -29%
3 Years: 61%
TTM: 818%
Stock Price CAGR
10 Years: 7%
5 Years: 10%
3 Years: 20%
1 Year: 71%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 100 100 99 99 99 100 105 104 97 99 111 112 119
0 0 0 0 0 0 1 0 0 0 0 0 0
5 6 4 2 2 1 1 1 2 2 7 3 4
Total Liabilities 111 112 109 107 107 106 112 110 105 107 124 121 128
10 9 9 8 8 7 7 7 6 5 4 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 20 14 18 16 21 36 37 32 25 76 85 86 91
81 88 82 83 77 63 67 72 74 26 35 32 33
Total Assets 111 112 109 107 107 106 112 110 105 107 124 121 128

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 -5 2 -2 3 18 -18 -9 -3 45 -4 -7
3 8 -3 4 -3 -3 4 9 3 -45 8 3
-1 -1 -1 -1 -1 -0 -0 -1 -0 -0 -0 -0
Net Cash Flow 0 2 -2 1 -1 14 -14 -1 -0 1 4 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1 10 38 17 36 7 1 0 1 0 0 0
Inventory Days 498 259 136 130 37 1 0 0 0 0 0 0
Days Payable 6 2 0 0 0 0 0 0 0 2 25 0
Cash Conversion Cycle 493 267 174 147 73 8 1 1 1 -2 -24 0
Working Capital Days 329 185 139 113 55 266 338 -2 -9 -6 -17 7
ROCE % 5% 1% 0% 1% 1% 1% 1% 1% 0% 1% 0% 1%

Shareholding Pattern

Numbers in percentages

11 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.37% 45.37% 45.37% 45.37% 45.37% 45.37% 45.37% 45.37% 45.37% 45.37% 45.37% 50.20%
9.85% 9.85% 9.85% 9.85% 9.85% 9.85% 9.85% 9.85% 9.85% 9.85% 9.85% 5.01%
44.78% 44.78% 44.78% 44.78% 44.78% 44.79% 44.79% 44.77% 44.78% 44.77% 44.78% 44.78%
No. of Shareholders 1,2201,2251,2251,3001,3101,3651,3361,3411,3341,7591,5541,595

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports