Emkay Global Financial Services Ltd

Emkay Global Financial Services Ltd

₹ 339 -3.01%
11 Dec 4:00 p.m.
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. 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.**

  • Market Cap 856 Cr.
  • Current Price 339
  • High / Low 370 / 97.4
  • Stock P/E 13.7
  • Book Value 112
  • Dividend Yield 0.44 %
  • ROCE 17.1 %
  • ROE 13.4 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.6% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.7% over last 3 years.
  • Earnings include an other income of Rs.31.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
76 92 52 52 57 54 42 47 71 75 90 82 108
58 65 56 43 47 48 54 52 63 65 78 68 79
Operating Profit 18 27 -4 9 10 6 -12 -6 8 10 12 14 29
OPM % 23% 30% -7% 17% 17% 12% -28% -12% 11% 14% 13% 17% 27%
1 0 1 1 1 2 8 9 8 8 9 7 7
Interest 4 0 1 1 1 1 1 1 1 1 2 2 2
Depreciation 2 2 2 2 2 2 2 2 2 3 3 3 3
Profit before tax 13 26 -6 7 8 5 -7 1 12 15 17 17 31
Tax % 25% 25% -24% 40% 20% -85% -27% 120% 19% 17% 37% 18% 18%
9 19 -5 5 6 9 -5 0 9 12 11 14 26
EPS in Rs 3.80 7.84 -1.89 1.86 2.48 3.55 -2.18 0.14 3.76 4.97 4.28 5.61 10.43
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 TTM
99 82 117 105 109 156 147 135 160 272 215 314 355
99 76 82 82 85 111 124 137 134 217 189 258 289
Operating Profit -0 6 34 24 24 45 23 -3 26 55 25 56 66
OPM % -0% 8% 29% 22% 22% 29% 15% -2% 16% 20% 12% 18% 19%
0 1 -36 0 0 0 3 0 2 1 1 2 32
Interest 6 5 5 4 3 4 7 7 3 3 4 5 6
Depreciation 5 4 4 4 4 5 7 8 8 8 9 10 11
Profit before tax -11 -3 -11 17 16 37 12 -17 17 46 12 44 80
Tax % 31% 40% 49% 28% 26% 22% 31% -29% 32% 24% -12% 27%
-15 -4 -16 12 12 29 9 -13 11 34 14 32 63
EPS in Rs -6.05 -1.62 -6.44 4.92 4.99 11.66 3.55 -5.11 4.52 13.72 5.71 13.14 25.29
Dividend Payout % 0% 0% 0% 20% 20% 17% 28% 0% 22% 9% 18% 11%
Compounded Sales Growth
10 Years: 14%
5 Years: 16%
3 Years: 25%
TTM: 66%
Compounded Profit Growth
10 Years: 26%
5 Years: 32%
3 Years: 39%
TTM: 445%
Stock Price CAGR
10 Years: 21%
5 Years: 42%
3 Years: 46%
1 Year: 192%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 13%
Last Year: 13%

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 Sep 2024
Equity Capital 24 24 24 24 24 25 25 25 25 25 25 25 25
Reserves 109 105 89 98 111 137 142 128 142 176 186 216 254
41 34 35 11 49 34 23 10 17 44 33 52 42
96 110 112 92 116 169 136 218 381 519 488 772 850
Total Liabilities 271 274 261 226 299 365 326 381 565 764 731 1,065 1,171
43 39 36 35 35 33 35 38 34 32 38 43 42
CWIP 0 0 0 0 0 0 0 0 0 2 0 0 0
Investments 1 3 4 11 26 36 28 16 29 34 24 26 41
227 232 221 180 237 296 263 327 501 696 669 996 1,087
Total Assets 271 274 261 226 299 365 326 381 565 764 731 1,065 1,171

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
-5 18 -4 61 -22 30 21 94 -44 60 -63 22
4 -2 3 -8 -15 -8 4 -1 -3 -4 5 -6
-0 -11 -2 -30 35 -20 -27 -26 -3 -7 -7 2
Net Cash Flow -1 5 -3 24 -3 2 -1 66 -51 48 -65 18

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 126 173 169 66 218 208 146 145 152 119 179 145
Inventory Days
Days Payable
Cash Conversion Cycle 126 173 169 66 218 208 146 145 152 119 179 145
Working Capital Days 127 148 52 -121 -9 -71 -134 -353 -564 -372 -380 -463
ROCE % -3% 2% 19% 14% 12% 22% 9% -6% 12% 23% 7% 17%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.34% 74.27% 73.89%
0.78% 0.83% 0.81% 0.76% 0.76% 0.76% 0.76% 0.77% 0.76% 1.17% 0.76% 0.77%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00%
24.73% 24.69% 24.70% 24.75% 24.75% 24.75% 24.74% 24.74% 24.74% 24.41% 24.97% 25.34%
No. of Shareholders 15,45015,35015,76816,04215,52714,92214,75313,59312,96111,76612,35411,469

* 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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