SMIFS Capital Markets Ltd

₹ 85.8 8.63%

30 Apr - close price

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 ₹ 50.4 Cr.
Current Price ₹ 85.8
High / Low ₹ 111 / 43.6
Stock P/E 27.9
Book Value ₹ 271
Dividend Yield 0.00 %
ROCE 0.58 %
ROE 0.42 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.32 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 0.44% over last 3 years.
Earnings include an other income of Rs.3.87 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	17.94	13.04	16.50	15.10	11.31	10.11	12.11	2.92	212.03	7.05	15.82	6.34	7.38
	18.38	13.78	16.99	16.40	11.86	11.15	12.91	3.63	212.87	6.92	16.31	6.69	7.72
Operating Profit	-0.44	-0.74	-0.49	-1.30	-0.55	-1.04	-0.80	-0.71	-0.84	0.13	-0.49	-0.35	-0.34
OPM %	-2.45%	-5.67%	-2.97%	-8.61%	-4.86%	-10.29%	-6.61%	-24.32%	-0.40%	1.84%	-3.10%	-5.52%	-4.61%
	2.06	0.74	0.60	1.52	0.69	1.58	0.95	0.96	3.04	0.82	1.26	0.91	0.88
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03
Depreciation	0.09	0.10	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.05	0.04	0.16	0.16
Profit before tax	1.53	-0.10	0.04	0.15	0.07	0.47	0.08	0.18	2.13	0.90	0.73	0.39	0.35
Tax %	12.42%	-260.00%	-275.00%	140.00%	-114.29%	40.43%	25.00%	33.33%	26.76%	26.67%	50.68%	38.46%	28.57%
	1.34	0.18	0.15	-0.06	0.15	0.28	0.07	0.12	1.56	0.66	0.36	0.25	0.25
EPS in Rs	2.40	0.32	0.27	-0.11	0.27	0.50	0.13	0.21	2.79	1.18	0.64	0.45	0.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	31.30	27.61	34.32	40.17	46.21	53.43	48.90	49.06	71.18	70.17	57.37	237.27	36.59
	30.25	44.54	33.02	38.76	44.92	51.97	47.62	48.35	69.89	69.47	56.56	236.31	37.64
Operating Profit	1.05	-16.93	1.30	1.41	1.29	1.46	1.28	0.71	1.29	0.70	0.81	0.96	-1.05
OPM %	3.35%	-61.32%	3.79%	3.51%	2.79%	2.73%	2.62%	1.45%	1.81%	1.00%	1.41%	0.40%	-2.87%
	0.68	17.61	0.02	0.00	0.15	0.06	0.04	0.03	2.35	1.75	0.21	2.60	3.87
Interest	0.04	0.03	0.03	0.02	0.02	0.08	0.04	0.03	0.02	0.01	0.00	0.01	0.04
Depreciation	0.36	0.34	0.39	0.30	0.60	0.67	0.62	0.56	0.44	0.36	0.29	0.26	0.41
Profit before tax	1.33	0.31	0.90	1.09	0.82	0.77	0.66	0.15	3.18	2.08	0.73	3.29	2.37
Tax %	26.32%	80.65%	4.44%	22.02%	10.98%	-222.08%	27.27%	53.33%	91.19%	2.88%	30.14%	26.75%
	0.98	0.06	0.86	0.85	0.73	2.48	0.47	0.07	0.28	2.02	0.51	2.41	1.52
EPS in Rs	1.75	0.11	1.54	1.52	1.31	4.44	0.84	0.13	0.50	3.62	0.91	4.32	2.70
Dividend Payout %	79.86%	931.67%	65.00%	49.32%	76.58%	22.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	24%
5 Years:	37%
3 Years:	49%
TTM:	-85%

Compounded Profit Growth
10 Years:	8%
5 Years:	2%
3 Years:	94%
TTM:	-11%

Stock Price CAGR
10 Years:	14%
5 Years:	34%
3 Years:	26%
1 Year:	30%

Return on Equity
10 Years:	1%
5 Years:	0%
3 Years:	0%
Last Year:	0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59
Reserves	100.13	99.20	99.10	99.14	99.79	105.22	103.55	96.00	98.29	109.80	111.51	123.06	153.88
	0.40	0.20	0.08	0.07	0.21	0.52	0.39	0.34	0.18	0.04	0.01	0.09	1.81
	4.82	2.96	1.78	1.64	0.76	0.70	0.97	2.05	1.73	7.29	2.79	3.45	9.13
Total Liabilities	110.94	107.95	106.55	106.44	106.35	112.03	110.50	103.98	105.79	122.72	119.90	132.19	170.41
	9.53	8.91	8.34	7.88	7.53	7.43	6.81	6.38	4.55	3.62	3.35	1.94	3.34
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	7.38	10.85	10.34	19.35	34.23	34.76	29.50	21.37	72.68	81.40	82.04	91.42	129.12
	94.03	88.19	87.87	79.21	64.59	69.84	74.19	76.23	28.56	37.70	34.51	38.83	37.95
Total Assets	110.94	107.95	106.55	106.44	106.35	112.03	110.50	103.98	105.79	122.72	119.90	132.19	170.41

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-7.60	2.24	-0.47	6.76	17.33	-18.84	-8.60	-3.03	45.49	-3.62	-7.01	-4.92
	10.62	-3.13	2.09	-6.62	-2.51	5.06	8.68	2.95	-44.74	7.89	2.59	6.31
	-0.87	-1.15	-0.81	-0.69	-0.39	-0.44	-0.84	-0.08	-0.19	-0.14	-0.04	0.08
Net Cash Flow	2.15	-2.04	0.81	-0.55	14.43	-14.22	-0.75	-0.17	0.57	4.12	-4.45	1.46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	24.14	65.57	25.52	35.71	6.63	0.55	0.37	0.89	1.13	1.92	0.70	0.43
Inventory Days	259.48	135.58	129.98	37.29	0.98	0.46	0.26	0.25	0.17	0.17	0.21	0.03
Days Payable	2.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.37	24.58	0.00	0.00
Cash Conversion Cycle	281.57	201.15	155.51	73.00	7.61	1.01	0.64	1.15	-1.07	-22.49	0.91	0.46
Working Capital Days	252.23	254.75	167.08	70.69	281.75	354.07	16.12	9.15	6.36	-4.11	23.60	0.03
ROCE %	0.88%	-7.34%	0.88%	1.06%	0.70%	0.78%	0.63%	0.15%	0.83%	0.32%	0.63%	0.58%

Shareholding Pattern

Numbers in percentages

5 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	45.37%	45.37%	45.37%	45.37%	45.37%	45.37%	45.37%	50.20%	50.20%	54.86%	52.14%	52.14%
	9.85%	9.85%	9.85%	9.85%	9.85%	9.85%	9.85%	5.01%	5.01%	0.00%	0.00%	0.00%
	44.78%	44.79%	44.79%	44.77%	44.78%	44.77%	44.78%	44.78%	44.79%	45.15%	47.85%	47.86%
No. of Shareholders	1,310	1,365	1,336	1,341	1,334	1,759	1,554	1,595	1,651	1,751	3,275	3,367

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	42.86%	45.37%	45.37%	45.37%	45.37%	45.37%	45.37%	50.20%	52.14%
	9.85%	9.85%	9.85%	9.85%	9.85%	9.85%	9.85%	5.01%	0.00%
	47.30%	44.78%	44.78%	44.78%	44.78%	44.78%	44.77%	44.78%	47.86%
No. of Shareholders	1,337	1,252	1,251	1,241	1,200	1,300	1,341	1,595	3,367

* 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.

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SMIFS Capital Markets Ltd

SMIFS Capital Markets Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports