Emkay Global Financial Services Ltd

₹ 71.6 -2.52%
27 Jan - close price
About

Emkay Global Financial Services Ltd is engaged in the business of providing Stock Broking Services, Investment Banking, Depository Participant Services and Wealth Management Services.[1]

Key Points

Services Offered
The services that the company offers include equity broking, asset management, wealth management, currency and commodity advisory and broking, and investment banking, and financial education services.[1]

  • Market Cap 176 Cr.
  • Current Price 71.6
  • High / Low 155 / 60.9
  • Stock P/E 18.0
  • Book Value 60.0
  • Dividend Yield 1.75 %
  • ROCE 12.0 %
  • ROE 8.40 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.19 times its book value
  • Company has been maintaining a healthy dividend payout of 18.0%

Cons

  • Company has a low return on equity of 1.70% over last 3 years.
  • Contingent liabilities of Rs.332 Cr.
  • Promoters have pledged 36.5% of their holding.
  • Earnings include an other income of Rs.9.78 Cr.
  • Company has high debtors of 175 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
28.82 29.26 30.96 27.92 37.46 32.05 43.57 44.04 47.36 47.02 39.96 47.56 50.86
29.16 29.37 36.65 27.17 30.37 29.59 36.55 34.65 38.58 38.57 43.58 40.29 44.15
Operating Profit -0.34 -0.11 -5.69 0.75 7.09 2.46 7.02 9.39 8.78 8.45 -3.62 7.27 6.71
OPM % -1.18% -0.38% -18.38% 2.69% 18.93% 7.68% 16.11% 21.32% 18.54% 17.97% -9.06% 15.29% 13.19%
0.65 0.24 -0.50 0.42 0.44 0.96 4.11 0.27 1.25 1.21 6.33 1.09 1.15
Interest 1.77 1.75 1.44 0.98 1.26 1.44 0.67 0.67 4.17 0.70 0.63 0.63 1.05
Depreciation 1.83 2.11 2.06 1.80 1.83 1.88 1.98 1.85 1.86 1.78 1.85 1.94 2.20
Profit before tax -3.29 -3.73 -9.69 -1.61 4.44 0.10 8.48 7.14 4.00 7.18 0.23 5.79 4.61
Tax % 46.20% 29.76% 27.14% 31.06% 42.57% 290.00% 20.28% 22.13% 36.25% 47.35% -517.39% 41.62% 18.66%
Net Profit -1.77 -2.62 -7.06 -1.12 2.56 -0.20 6.77 5.56 2.55 3.78 1.43 3.38 3.75
EPS in Rs -0.72 -1.06 -2.87 -0.45 1.04 -0.08 2.75 2.26 1.04 1.53 0.58 1.37 1.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
115 90 79 67 104 95 97 133 128 119 141 180 185
95 84 74 65 77 76 79 103 110 123 122 155 167
Operating Profit 20 6 5 2 27 19 17 29 18 -4 19 24 19
OPM % 17% 7% 6% 4% 26% 20% 18% 22% 14% -4% 13% 13% 10%
0 -0 0 1 -36 0 -3 0 -0 0 3 5 10
Interest 3 2 3 4 3 2 2 2 3 6 3 3 3
Depreciation 4 5 5 4 4 4 4 5 7 8 7 7 8
Profit before tax 13 -1 -3 -5 -16 13 7 23 7 -18 11 19 18
Tax % 35% 34% -145% -1% 1% 24% 38% 21% 31% 30% 30% 28%
Net Profit 8 -1 -8 -5 -16 10 5 18 5 -13 8 13 12
EPS in Rs 3.41 -0.32 -3.23 -2.13 -6.52 4.01 1.89 7.31 2.01 -5.11 3.25 5.41 5.00
Dividend Payout % 29% -159% 0% 0% 0% 25% 53% 27% 50% 0% 31% 23%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 12%
TTM: 11%
Compounded Profit Growth
10 Years: 36%
5 Years: 11%
3 Years: 24%
TTM: -28%
Stock Price CAGR
10 Years: 13%
5 Years: -20%
3 Years: 3%
1 Year: -45%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 2%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
24 24 24 24 24 24 24 25 25 25 25 25 25
Reserves 113 111 103 98 82 89 94 109 110 96 106 120 123
3 13 39 27 21 9 29 10 12 10 7 33 62
90 75 61 97 83 82 108 158 135 216 381 512 605
Total Liabilities 230 223 228 247 210 205 255 302 281 346 518 689 815
8 48 42 39 36 34 35 32 35 38 34 31 36
CWIP 21 0 0 0 0 0 0 0 0 0 0 2 0
Investments 36 34 34 35 35 36 34 41 49 49 62 73 80
167 141 151 173 140 135 186 229 196 259 422 582 700
Total Assets 230 223 228 247 210 205 255 302 281 346 518 689 815

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
52 10 -32 20 3 36 -17 36 18 58 91 0
-27 -31 11 0 2 -0 -2 -4 -11 -10 -1 0
-20 5 22 -16 -10 -16 18 -25 -9 -14 -16 0
Net Cash Flow 4 -16 1 5 -4 19 -1 6 -2 34 73 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 107 113 106 201 142 70 243 241 163 160 167 175
Inventory Days
Days Payable
Cash Conversion Cycle 107 113 106 201 142 70 243 241 163 160 167 175
Working Capital Days -145 -114 102 52 -56 -190 -111 -173 -193 -429 -665 -565
ROCE % 11% 1% 0% -1% 16% 12% 10% 17% 9% -8% 10% 12%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.55 74.55 74.55 74.55 74.55 74.55 74.51 74.49 74.49 74.49 74.49 74.49
0.00 0.11 0.11 0.11 0.11 0.00 0.48 0.78 0.83 0.81 0.76 0.76
25.44 25.34 25.34 25.34 25.34 25.45 25.01 24.73 24.69 24.70 24.75 24.75

* 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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