Emkay Global Financial Services Ltd

Emkay Global Financial Services Ltd

₹ 220 -1.85%
29 May - close price
About

Incorporated in 1995, Emkay Global Financial Services Ltd is in the business of providing
capital market services[1]

Key Points

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. Company has a track record of 30 years in financial services, 3 business verticals, and Category-I merchant banking status, supported by 19 branches, 544 employees, 39,400+ clients, and ₹193.8bn assets.

  • Market Cap 598 Cr.
  • Current Price 220
  • High / Low 410 / 185
  • Stock P/E 50.3
  • Book Value 118
  • Dividend Yield 0.68 %
  • ROCE 8.69 %
  • ROE 4.35 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.269 Cr.
  • Earnings include an other income of Rs.18.2 Cr.
  • Dividend payout has been low at 10.8% of profits over last 3 years
  • Company has high debtors of 174 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
39.69 40.27 63.49 69.09 80.65 76.54 100.68 72.43 69.31 65.30 63.57 79.49 143.55
50.32 49.06 58.19 58.00 69.36 62.01 72.94 62.00 66.41 61.22 64.31 71.83 127.08
Operating Profit -10.63 -8.79 5.30 11.09 11.29 14.53 27.74 10.43 2.90 4.08 -0.74 7.66 16.47
OPM % -26.78% -21.83% 8.35% 16.05% 14.00% 18.98% 27.55% 14.40% 4.18% 6.25% -1.16% 9.64% 11.47%
7.97 7.04 7.34 8.00 7.76 6.28 6.50 6.42 5.15 4.55 4.49 4.66 4.50
Interest 1.28 0.69 1.48 1.84 2.11 2.17 2.19 2.36 2.29 3.32 3.86 4.87 5.47
Depreciation 2.35 1.92 2.00 2.39 2.59 2.20 2.35 2.50 2.85 2.52 2.88 3.11 3.24
Profit before tax -6.29 -4.36 9.16 14.86 14.35 16.44 29.70 11.99 2.91 2.79 -2.99 4.34 12.26
Tax % -40.70% -1.83% 18.23% 17.03% 37.77% 17.64% 17.31% 17.76% -276.29% 1.08% -29.77% 27.88% 33.77%
-3.73 -4.28 7.50 12.32 8.93 13.53 24.56 9.86 10.96 2.76 -2.11 3.13 8.12
EPS in Rs -1.51 -1.74 3.04 4.99 3.62 5.47 9.89 3.94 4.32 1.08 -0.82 1.21 3.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
104 95 97 133 128 119 141 180 198 283 339 349
77 76 79 103 110 123 122 155 177 234 260 322
Operating Profit 27 19 17 29 18 -4 19 25 21 48 79 27
OPM % 26% 20% 18% 22% 14% -4% 13% 14% 10% 17% 23% 8%
-36 0 -3 0 -0 0 3 4 -0 1 1 18
Interest 3 2 2 2 3 6 3 3 4 6 9 18
Depreciation 4 4 4 5 7 8 7 7 9 9 10 12
Profit before tax -16 13 7 23 7 -18 11 19 7 34 61 16
Tax % -1% 24% 38% 21% 31% -30% 30% 28% -53% 28% 4% 27%
-16 10 5 18 5 -13 8 13 11 24 59 12
EPS in Rs -6.52 4.01 1.89 7.31 2.01 -5.11 3.25 5.41 4.31 9.91 23.22 4.54
Dividend Payout % 0% 25% 53% 27% 50% 0% 31% 23% 23% 15% 17% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 20%
3 Years: 21%
TTM: 3%
Compounded Profit Growth
10 Years: 2%
5 Years: 11%
3 Years: 1%
TTM: -80%
Stock Price CAGR
10 Years: 13%
5 Years: 24%
3 Years: 44%
1 Year: -7%
Return on Equity
10 Years: 9%
5 Years: 13%
3 Years: 15%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 24 24 24 25 25 25 25 25 25 25 25 26
Reserves 82 89 94 110 110 96 106 120 127 149 212 283
21 9 29 10 12 10 7 33 18 51 85 148
83 82 108 158 135 216 381 511 482 765 808 1,239
Total Liabilities 210 205 255 302 281 346 518 688 651 990 1,131 1,697
36 34 35 32 35 38 34 31 37 37 37 37
CWIP 0 0 0 0 0 0 0 2 0 0 0 0
Investments 35 36 34 41 49 49 62 73 54 57 66 70
140 135 186 229 196 259 422 582 560 896 1,027 1,589
Total Assets 210 205 255 302 281 346 518 688 651 990 1,131 1,697

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3 36 -17 36 18 58 91 35 -69 -16 -20 -80
2 -0 -2 -4 -11 -10 -1 -2 34 3 -12 -11
-10 -16 18 -25 -9 -14 -16 -8 -10 24 22 102
Net Cash Flow -4 19 -1 6 -2 34 73 25 -45 11 -9 11
Free Cash Flow 1 34 -22 34 15 53 88 30 -76 -22 -26 -89
CFO/OP 14% 195% -91% 138% 102% -1,354% 497% 148% -317% -28% -16% -244%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 142 70 243 241 163 160 167 175 190 157 97 174
Inventory Days
Days Payable
Cash Conversion Cycle 142 70 243 241 163 160 167 175 190 157 97 174
Working Capital Days -128 -225 -220 -201 -193 -429 -665 -565 -430 -524 -304 -565
ROCE % 16% 12% 10% 17% 9% -8% 10% 12% 7% 20% 26% 9%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Client Base - Institutional Clients
Number

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Research Coverage - Number of Stocks Covered
Number
Wealth Management Assets (including Wealth Assets under Advice/Management)
INR Mn
Distribution Network - Number of Branches
Number
PMS & AIF Assets Under Management (AUM)
INR Mn

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.49% 74.49% 74.49% 74.34% 74.27% 73.89% 73.36% 72.36% 72.03% 71.68% 71.91% 72.20%
0.76% 0.77% 0.76% 1.17% 0.76% 0.77% 0.83% 0.82% 0.85% 0.88% 0.80% 0.84%
0.00% 0.00% 0.00% 0.07% 0.00% 0.00% 0.10% 0.10% 0.01% 0.03% 0.05% 0.01%
24.74% 24.74% 24.74% 24.41% 24.97% 25.34% 25.71% 26.74% 27.11% 27.41% 27.24% 26.93%
No. of Shareholders 14,75313,59312,96111,76612,35411,46912,13211,90011,43612,34911,47011,620

* 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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