Emkay Global Financial Services Ltd
₹ 224
-5.67%
02 Feb
- close price
About
Incorporated in 1995, Emkay Global Financial Services Ltd is in the business of providing
capital market services[1]
Key Points
- Market Cap ₹ 577 Cr.
- Current Price ₹ 224
- High / Low ₹ 410 / 162
- Stock P/E 38.4
- Book Value ₹ 88.8
- Dividend Yield 0.67 %
- ROCE 25.6 %
- ROE 28.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 47.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 18.5%
- Debtor days have improved from 148 to 97.5 days.
Cons
- Company has low interest coverage ratio.
- Tax rate seems low
- Contingent liabilities of Rs.269 Cr.
- Earnings include an other income of Rs.18.8 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
Financial Services Financial Services Capital Markets Stockbroking & Allied
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 104 | 95 | 97 | 133 | 128 | 119 | 141 | 180 | 198 | 283 | 339 | 278 | |
| 65 | 77 | 76 | 79 | 103 | 110 | 123 | 122 | 155 | 177 | 234 | 260 | 264 | |
| Operating Profit | 2 | 27 | 19 | 17 | 29 | 18 | -4 | 19 | 25 | 21 | 48 | 79 | 14 |
| OPM % | 4% | 26% | 20% | 18% | 22% | 14% | -4% | 13% | 14% | 10% | 17% | 23% | 5% |
| 1 | -36 | 0 | -3 | 0 | -0 | 0 | 3 | 4 | -0 | 1 | 1 | 19 | |
| Interest | 4 | 3 | 2 | 2 | 2 | 3 | 6 | 3 | 3 | 4 | 6 | 9 | 14 |
| Depreciation | 4 | 4 | 4 | 4 | 5 | 7 | 8 | 7 | 7 | 9 | 9 | 10 | 11 |
| Profit before tax | -5 | -16 | 13 | 7 | 23 | 7 | -18 | 11 | 19 | 7 | 34 | 61 | 7 |
| Tax % | 1% | -1% | 24% | 38% | 21% | 31% | -30% | 30% | 28% | -53% | 28% | 4% | |
| -5 | -16 | 10 | 5 | 18 | 5 | -13 | 8 | 13 | 11 | 24 | 59 | 15 | |
| EPS in Rs | -2.13 | -6.52 | 4.01 | 1.89 | 7.31 | 2.01 | -5.11 | 3.25 | 5.41 | 4.31 | 9.91 | 23.22 | 5.79 |
| Dividend Payout % | 0% | 0% | 25% | 53% | 27% | 50% | 0% | 31% | 23% | 23% | 15% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 23% |
| 3 Years: | 24% |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 47% |
| 3 Years: | 72% |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 24% |
| 3 Years: | 47% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 15% |
| 3 Years: | 18% |
| Last Year: | 29% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 26 |
| Reserves | 98 | 82 | 89 | 94 | 110 | 110 | 96 | 106 | 120 | 127 | 149 | 212 | 205 |
| 27 | 21 | 9 | 29 | 10 | 12 | 10 | 7 | 33 | 18 | 51 | 85 | 127 | |
| 97 | 83 | 82 | 108 | 158 | 135 | 216 | 381 | 511 | 482 | 765 | 808 | 1,061 | |
| Total Liabilities | 247 | 210 | 205 | 255 | 302 | 281 | 346 | 518 | 688 | 651 | 990 | 1,131 | 1,418 |
| 39 | 36 | 34 | 35 | 32 | 35 | 38 | 34 | 31 | 37 | 37 | 37 | 39 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Investments | 35 | 35 | 36 | 34 | 41 | 49 | 49 | 62 | 73 | 54 | 57 | 66 | 73 |
| 173 | 140 | 135 | 186 | 229 | 196 | 259 | 422 | 582 | 560 | 896 | 1,027 | 1,306 | |
| Total Assets | 247 | 210 | 205 | 255 | 302 | 281 | 346 | 518 | 688 | 651 | 990 | 1,131 | 1,418 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 3 | 36 | -17 | 36 | 18 | 58 | 91 | 35 | -69 | -16 | -20 | |
| 0 | 2 | -0 | -2 | -4 | -11 | -10 | -1 | -2 | 34 | 3 | -12 | |
| -16 | -10 | -16 | 18 | -25 | -9 | -14 | -16 | -8 | -10 | 24 | 22 | |
| Net Cash Flow | 5 | -4 | 19 | -1 | 6 | -2 | 34 | 73 | 25 | -45 | 11 | -9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 201 | 142 | 70 | 243 | 241 | 163 | 160 | 167 | 175 | 190 | 157 | 97 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 201 | 142 | 70 | 243 | 241 | 163 | 160 | 167 | 175 | 190 | 157 | 97 |
| Working Capital Days | -95 | -128 | -225 | -220 | -201 | -193 | -429 | -665 | -565 | -430 | -524 | -304 |
| ROCE % | -1% | 16% | 12% | 10% | 17% | 9% | -8% | 10% | 12% | 7% | 20% | 26% |
Documents
Announcements
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Intimation Of Trading Approval Received For 2,78,300 (Two Lakhs Seventy-Eight Thousand Three Hundred) Equity Shares Having Face Value Of Rs. 10/- (Rupees Ten Only) Each Allotted At The Price Of Rs. 239.50/- (Rupees Two Hundred Thirty-Nine And Fifty Paisa Only) (Including A Premium Of Rs. 229.50/- (Rupees Two Hundred Twenty-Nine And Fifty Paisa Only)) Per Equity Share On Conversion Of Warrants Issued On Preferential Basis In Terms Of Chapter V Of SEBI (ICDR) Regulations, 2018.
2d - Trading approval for 278,300 shares allotted to promoter @Rs239.50; listed Feb 1, 2026; lock-in until 31-Jul-2027.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Jan - Unaudited Q3 and nine-months results to 31 Dec 2025: consolidated revenue ₹8,707.65 lakh, PAT ₹430.15 lakh, EPS 1.68.
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Announcement under Regulation 30 (LODR)-Change in Directorate
27 Jan - Raunak Karwa appointed Whole Time Executive Director of Emkay Global, effective 1 Feb 2026 for three years.
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Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015-Amemndment In 'Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information'
27 Jan - Board approved amendment to Code for Fair Disclosure of UPSI, effective Jan 27, 2026; uploaded to website.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
27 Jan - Earning Presentation as on 31st December 2025
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Jan 2026TranscriptAI SummaryPPT
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Dec 2025TranscriptAI SummaryPPT
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Sep 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Oct 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
Business Overview:[1][2][3]
EGFSL is a 360 degree financial services provider of institutional broking, asset management, wealth/ portfolio management, succession planning, investment banking, currency, depository participant, equity
broking, commodity broking, distribution
of financial products and investment banking operations. It has 300+ clients. In FY23, company's PMS+AIF AUMs stood at Rs. 5,984 Mn. and Wealth AUMs at Rs. ** 2,348 Mn.**