Emkay Global Financial Services Ltd

About [ edit ]

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

Key Points [ edit ]
  • Market Cap 195 Cr.
  • Current Price 79.3
  • High / Low 91.0 / 41.6
  • Stock P/E 27.6
  • Book Value 53.1
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 5.63 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 8.27% over past five years.
  • Company has a low return on equity of 0.34% for last 3 years.
  • Contingent liabilities of Rs.170.53 Cr.
  • Earnings include an other income of Rs.5.93 Cr.
  • Company has high debtors of 166.32 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
33.76 34.15 30.33 30.13 30.08 28.82 29.26 30.96 27.92 37.63 32.28 44.61
26.20 28.39 27.44 28.36 28.83 29.16 29.37 36.65 27.17 30.54 29.82 36.55
Operating Profit 7.56 5.76 2.89 1.77 1.25 -0.34 -0.11 -5.69 0.75 7.09 2.46 8.06
OPM % 22.39% 16.87% 9.53% 5.87% 4.16% -1.18% -0.38% -18.38% 2.69% 18.84% 7.62% 18.07%
Other Income 0.28 0.84 0.14 -1.67 0.19 0.65 0.24 -0.50 0.42 0.44 0.96 4.11
Interest 0.75 0.87 0.90 0.90 1.12 1.77 1.75 1.44 0.98 1.26 1.44 1.71
Depreciation 1.50 1.67 1.87 1.92 1.62 1.83 2.11 2.06 1.80 1.83 1.88 1.98
Profit before tax 5.59 4.06 0.26 -2.72 -1.30 -3.29 -3.73 -9.69 -1.61 4.44 0.10 8.48
Tax % 22.72% 23.15% 23.08% 0.74% 13.08% 46.20% 29.76% 27.14% 31.06% 42.57% 290.00% 20.28%
Net Profit 4.32 3.13 0.20 -2.70 -1.13 -1.77 -2.62 -7.06 -1.12 2.56 -0.20 6.77
EPS in Rs 1.76 1.27 0.08 -1.10 -0.46 -0.72 -1.06 -2.87 -0.45 1.04 -0.08 2.75

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
114 115 90 79 67 104 95 97 133 128 119 141
96 95 84 74 65 77 76 79 103 112 123 123
Operating Profit 19 20 6 5 2 27 19 17 29 16 -4 18
OPM % 16% 17% 7% 6% 4% 26% 20% 18% 22% 13% -4% 13%
Other Income 2 0 -0 0 1 -36 0 -3 0 1 0 6
Interest 3 3 2 3 4 3 2 2 2 3 6 5
Depreciation 5 4 5 5 4 4 4 4 5 7 8 7
Profit before tax 13 13 -1 -3 -5 -16 13 7 23 7 -18 11
Tax % 38% 35% 34% -145% -1% 1% 24% 38% 21% 31% 30% 30%
Net Profit 8 8 -1 -8 -5 -16 10 5 18 5 -13 8
EPS in Rs 3.45 3.41 -0.32 -3.23 -2.13 -6.52 4.01 1.89 7.31 2.01 -5.11 3.25
Dividend Payout % 29% 29% -159% 0% 0% 0% 25% 53% 27% 50% 0% 31%
Compounded Sales Growth
10 Years:2%
5 Years:8%
3 Years:2%
TTM:19%
Compounded Profit Growth
10 Years:-2%
5 Years:-6%
3 Years:-27%
TTM:159%
Stock Price CAGR
10 Years:7%
5 Years:6%
3 Years:-13%
1 Year:71%
Return on Equity
10 Years:3%
5 Years:4%
3 Years:0%
Last Year:6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
24 24 24 24 24 24 24 24 25 25 25 25
Reserves 108 113 111 103 98 82 89 94 109 110 96 106
Borrowings 17 3 13 39 27 21 9 29 10 12 10 2
96 90 75 61 97 83 82 108 158 135 216 386
Total Liabilities 245 230 223 228 247 210 205 255 302 281 346 518
8 8 48 42 39 36 34 35 32 35 38 34
CWIP 0 21 0 0 0 0 0 0 0 0 0 0
Investments 36 36 34 34 35 35 36 34 41 49 49 62
201 167 141 151 173 140 135 186 229 196 259 422
Total Assets 245 230 223 228 247 210 205 255 302 281 346 518

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
19 52 10 -32 20 3 36 -17 36 18 58 91
-3 -27 -31 11 0 2 -0 -2 -4 -11 -10 -1
-5 -20 5 22 -16 -10 -16 18 -25 -9 -14 -16
Net Cash Flow 11 4 -16 1 5 -4 19 -1 6 -2 34 73

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 11% 11% 1% 0% -1% 16% 12% 10% 17% 9% -8% 12%
Debtor Days 154 107 113 106 201 142 70 243 241 163 160 166
Inventory Turnover 13.12 21.12 47.67 1.59 0.41 0.37 0.88 9.36 1.40 0.00

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
71.82 71.70 71.70 72.68 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.11 0.11 0.11
0.04 0.05 0.08 0.00 0.01 0.00 0.02 0.00 0.00 0.00 0.00 0.00
0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
27.62 27.72 27.70 26.81 25.43 25.45 25.43 25.44 25.34 25.34 25.34 25.34
0.51 0.51 0.51 0.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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