SMIFS Capital Markets Ltd

SMIFS Capital Markets Ltd

₹ 59.4 1.99%
18 Jun 11:14 a.m.
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

  • Market Cap 33.2 Cr.
  • Current Price 59.4
  • High / Low 87.0 / 37.0
  • Stock P/E 13.8
  • Book Value 230
  • Dividend Yield 0.00 %
  • ROCE 2.68 %
  • ROE 1.96 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.25 times its book value
  • Promoter holding has increased by 4.84% over last quarter.
  • Company's median sales growth is 15.0% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.98% over last 3 years.
  • Earnings include an other income of Rs.5.76 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
22.09 10.09 26.17 17.94 13.04 16.50 15.10 11.31 10.11 12.11 2.92 212.03 7.05
22.21 10.62 26.53 18.38 13.78 16.99 16.40 11.86 11.15 12.91 3.63 212.87 6.92
Operating Profit -0.12 -0.53 -0.36 -0.44 -0.74 -0.49 -1.30 -0.55 -1.04 -0.80 -0.71 -0.84 0.13
OPM % -0.54% -5.25% -1.38% -2.45% -5.67% -2.97% -8.61% -4.86% -10.29% -6.61% -24.32% -0.40% 1.84%
0.67 0.81 0.90 2.06 0.74 0.60 1.52 0.69 1.58 0.95 0.96 3.04 0.82
Interest 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
Depreciation 0.10 0.08 0.09 0.09 0.10 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.05
Profit before tax 0.45 0.20 0.45 1.53 -0.10 0.04 0.15 0.07 0.47 0.08 0.18 2.13 0.90
Tax % 484.44% 0.00% 33.33% 12.42% 260.00% -275.00% 140.00% -114.29% 40.43% 25.00% 33.33% 26.76% 26.67%
-1.72 0.20 0.31 1.34 0.18 0.15 -0.06 0.15 0.28 0.07 0.12 1.56 0.66
EPS in Rs -3.08 0.36 0.56 2.40 0.32 0.27 -0.11 0.27 0.50 0.13 0.21 2.79 1.18
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
31 28 34 40 46 53 49 49 71 70 57 234
30 45 33 39 45 52 48 48 70 69 57 236
Operating Profit 1 -17 1 1 1 1 1 1 1 1 1 -2
OPM % 3% -61% 4% 4% 3% 3% 3% 1% 2% 1% 1% -1%
1 18 0 0 0 0 0 0 2 2 0 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 1 1 1 1 0 0 0 0
Profit before tax 1 0 1 1 1 1 1 0 3 2 1 3
Tax % 26% 81% 4% 22% 11% -222% 27% 53% 91% 3% 30% 27%
1 0 1 1 1 2 0 0 0 2 1 2
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
Dividend Payout % 80% 932% 65% 49% 77% 23% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 24%
5 Years: 37%
3 Years: 49%
TTM: 308%
Compounded Profit Growth
10 Years: 9%
5 Years: 39%
3 Years: 225%
TTM: 373%
Stock Price CAGR
10 Years: 4%
5 Years: 9%
3 Years: 12%
1 Year: 42%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 2%

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
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 100 99 99 99 100 105 104 96 98 110 112 123
0 0 0 0 0 1 0 0 0 0 0 0
5 3 2 2 1 1 1 2 2 7 3 3
Total Liabilities 111 108 107 106 106 112 110 104 106 123 120 132
10 9 8 8 8 7 7 6 5 4 3 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 7 11 10 19 34 35 30 21 73 81 82 91
94 88 88 79 65 70 74 76 29 38 35 39
Total Assets 111 108 107 106 106 112 110 104 106 123 120 132

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
-8 2 -0 7 17 -19 -9 -3 45 -4 -7 -5
11 -3 2 -7 -3 5 9 3 -45 8 3 6
-1 -1 -1 -1 -0 -0 -1 -0 -0 -0 -0 0
Net Cash Flow 2 -2 1 -1 14 -14 -1 -0 1 4 -4 1

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 66 26 36 7 1 0 1 1 2 1 0
Inventory Days 259 136 130 37 1 0 0 0 0 0 0 0
Days Payable 2 0 0 0 0 0 0 0 2 25 0 0
Cash Conversion Cycle 282 201 156 73 8 1 1 1 -1 -22 1 0
Working Capital Days 252 255 167 71 282 354 16 9 6 -4 24 2
ROCE % 1% -7% 1% 1% 1% 1% 1% 0% 1% 0% 1%

Shareholding Pattern

Numbers in percentages

4 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.

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