Emkay Global Financial Services Ltd

Emkay Global Financial Services Ltd

₹ 219 5.31%
19 May 4:01 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. 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 585 Cr.
  • Current Price 219
  • High / Low 410 / 185
  • Stock P/E 38.5
  • Book Value 145
  • Dividend Yield 0.72 %
  • ROCE 7.92 %
  • ROE 4.45 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 12.1% over last 3 years.
  • Contingent liabilities of Rs.270 Cr.
  • Earnings include an other income of Rs.19.3 Cr.
  • Dividend payout has been low at 9.76% of profits over last 3 years
  • Company has high debtors of 167 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

Consolidated Figures in Rs. Crores / View Standalone

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
42.15 46.65 70.54 75.20 90.98 82.69 108.02 77.30 71.04 72.97 72.09 87.08 148.39
53.99 52.21 62.98 64.70 78.10 67.61 78.93 67.87 70.93 67.14 70.68 78.82 135.64
Operating Profit -11.84 -5.56 7.56 10.50 12.88 15.08 29.09 9.43 0.11 5.83 1.41 8.26 12.75
OPM % -28.09% -11.92% 10.72% 13.96% 14.16% 18.24% 26.93% 12.20% 0.15% 7.99% 1.96% 9.49% 8.59%
8.30 9.13 7.52 8.19 8.44 6.43 6.78 6.58 5.81 4.78 4.99 4.74 4.82
Interest 1.34 0.83 1.12 1.29 1.66 1.78 1.65 1.84 1.68 2.44 2.80 3.43 4.28
Depreciation 2.44 1.98 2.08 2.68 3.06 2.62 2.79 2.94 3.29 2.91 3.28 3.55 3.69
Profit before tax -7.32 0.76 11.88 14.72 16.60 17.11 31.43 11.23 0.95 5.26 0.32 6.02 9.60
Tax % -27.46% 119.74% 18.94% 16.51% 37.35% 18.47% 17.88% 22.26% -786.32% 8.75% 6.25% 28.07% 41.25%
-5.37 0.34 9.27 12.26 10.56 13.87 25.91 8.57 8.49 4.78 0.46 4.30 5.66
EPS in Rs -2.18 0.14 3.76 4.97 4.28 5.61 10.43 3.43 3.35 1.88 0.18 1.66 2.16
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
117 105 109 156 147 135 160 272 205 316 360 377
82 82 85 111 124 137 134 217 190 261 282 349
Operating Profit 34 24 24 45 23 -3 26 55 15 55 79 28
OPM % 29% 22% 22% 29% 15% -2% 16% 20% 7% 17% 22% 8%
-36 0 0 0 3 0 2 1 11 4 1 19
Interest 5 4 3 4 7 7 3 3 4 5 7 13
Depreciation 4 4 4 5 7 8 8 8 9 10 12 13
Profit before tax -11 17 16 37 12 -17 17 46 12 44 61 21
Tax % 49% 28% 26% 22% 31% -29% 32% 24% -12% 27% 6% 29%
-16 12 12 29 9 -13 11 34 14 32 57 15
EPS in Rs -6.44 4.92 4.99 11.66 3.55 -5.11 4.52 13.72 5.71 13.14 22.40 5.80
Dividend Payout % 0% 20% 20% 17% 28% 0% 22% 9% 18% 11% 18% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 19%
3 Years: 23%
TTM: 5%
Compounded Profit Growth
10 Years: 2%
5 Years: 6%
3 Years: 3%
TTM: -73%
Stock Price CAGR
10 Years: 14%
5 Years: 23%
3 Years: 42%
1 Year: -3%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 12%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 89 98 111 137 142 128 142 176 186 216 278 354
35 11 49 34 23 10 17 44 33 52 68 110
112 92 116 169 136 218 381 519 488 772 862 1,249
Total Liabilities 261 226 299 365 326 381 565 764 731 1,065 1,233 1,740
36 35 35 33 35 38 34 32 38 43 41 40
CWIP 0 0 0 0 0 0 0 2 0 0 0 0
Investments 4 11 26 36 28 16 29 34 24 26 32 39
221 180 237 296 263 327 501 696 669 996 1,160 1,661
Total Assets 261 226 299 365 326 381 565 764 731 1,065 1,233 1,740

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-4 61 -22 30 21 94 -44 60 -63 24 -2 -72
3 -8 -15 -8 4 -1 -3 -4 5 -8 -10 -13
-2 -30 35 -20 -27 -26 -3 -7 -7 2 11 86
Net Cash Flow -3 24 -3 2 -1 66 -51 48 -65 18 -1 1
Free Cash Flow -5 59 -28 28 18 90 -47 55 -71 15 -9 -80
CFO/OP -3% 265% -86% 83% 101% -3,675% -154% 122% -376% 54% 8% -198%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 169 66 218 208 146 145 152 119 188 145 95 167
Inventory Days
Days Payable
Cash Conversion Cycle 169 66 218 208 146 145 152 119 188 145 95 167
Working Capital Days -59 -161 -172 -150 -134 -353 -564 -372 -398 -460 -271 -520
ROCE % 19% 14% 12% 22% 9% -6% 12% 23% 7% 17% 20% 8%

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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