SMC Global Securities Ltd
SMC Global Securities Ltd (SMC) is a well-diversified financial service company in India & Abroad, offering one-stop investment solutions in trading & investments, since 1990. It offers advanced broking services across equity, derivative, currency and commodity asset classes, financial analytics, mortgage advisory, investment banking and executions in cash & future equities. [1]
- Market Cap ₹ 1,232 Cr.
- Current Price ₹ 118
- High / Low ₹ 183 / 99.0
- Stock P/E 11.7
- Book Value ₹ 91.9
- Dividend Yield 2.04 %
- ROCE 15.7 %
- ROE 11.4 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 22.9%
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.4% over last 3 years.
- Company has high debtors of 217 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.
Peer comparison
Sector: Stock/ Commodity Brokers Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
175 | 237 | 224 | 356 | 422 | 440 | 448 | 515 | 680 | 689 | 880 | 924 | |
152 | 191 | 198 | 290 | 339 | 362 | 358 | 376 | 450 | 496 | 584 | 667 | |
Operating Profit | 24 | 46 | 27 | 66 | 82 | 78 | 90 | 139 | 230 | 192 | 296 | 257 |
OPM % | 13% | 19% | 12% | 19% | 20% | 18% | 20% | 27% | 34% | 28% | 34% | 28% |
6 | 5 | 5 | 3 | 3 | 3 | 5 | 6 | 4 | 4 | 4 | 31 | |
Interest | 11 | 12 | 14 | 21 | 33 | 39 | 44 | 28 | 38 | 59 | 95 | 134 |
Depreciation | 4 | 6 | 4 | 4 | 5 | 9 | 14 | 12 | 14 | 17 | 24 | 23 |
Profit before tax | 15 | 33 | 14 | 45 | 48 | 33 | 38 | 105 | 182 | 120 | 180 | 131 |
Tax % | 18% | 34% | 37% | 34% | 32% | 1% | 21% | 29% | 21% | 22% | 22% | 20% |
13 | 22 | 9 | 29 | 33 | 33 | 30 | 75 | 145 | 93 | 141 | 105 | |
EPS in Rs | 1.11 | 1.90 | 0.76 | 2.59 | 2.89 | 2.92 | 2.63 | 6.62 | 12.78 | 8.92 | 13.47 | 10.05 |
Dividend Payout % | 43% | 32% | 79% | 32% | 33% | 33% | 37% | 30% | 19% | 27% | 18% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 16% |
3 Years: | 11% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 29% |
3 Years: | -10% |
TTM: | -25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 11% |
1 Year: | -27% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 21 | 21 | 21 |
Reserves | 504 | 515 | 516 | 533 | 556 | 578 | 588 | 649 | 771 | 747 | 863 | 942 |
69 | 57 | 84 | 208 | 268 | 516 | 86 | 263 | 175 | 410 | 670 | 870 | |
291 | 295 | 443 | 480 | 510 | 818 | 719 | 1,006 | 1,404 | 1,330 | 2,057 | 1,770 | |
Total Liabilities | 886 | 890 | 1,066 | 1,244 | 1,356 | 1,934 | 1,415 | 1,940 | 2,372 | 2,507 | 3,611 | 3,603 |
18 | 13 | 12 | 25 | 28 | 28 | 48 | 48 | 100 | 107 | 105 | 102 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 10 | 27 | 44 |
Investments | 277 | 269 | 317 | 356 | 499 | 468 | 440 | 484 | 553 | 420 | 402 | 386 |
591 | 609 | 737 | 863 | 829 | 1,437 | 927 | 1,408 | 1,719 | 1,970 | 3,077 | 3,071 | |
Total Assets | 886 | 890 | 1,066 | 1,244 | 1,356 | 1,934 | 1,415 | 1,940 | 2,372 | 2,507 | 3,611 | 3,603 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
39 | 98 | -59 | -14 | -177 | 698 | -277 | 240 | -77 | -92 | -111 | ||
3 | -52 | -55 | -36 | 18 | -97 | 12 | -57 | -9 | 1 | 2 | ||
-28 | 8 | 97 | 16 | 193 | -487 | 125 | -154 | 49 | 124 | 72 | ||
Net Cash Flow | 14 | 53 | -17 | -34 | 34 | 114 | -140 | 30 | -36 | 33 | -38 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 426 | 298 | 371 | 353 | 272 | 592 | 138 | 165 | 144 | 158 | 185 | 217 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 426 | 298 | 371 | 353 | 272 | 592 | 138 | 165 | 144 | 158 | 185 | 217 |
Working Capital Days | 128 | 83 | -35 | 33 | -60 | 35 | -314 | -468 | -531 | -491 | -603 | -300 |
ROCE % | 4% | 8% | 5% | 9% | 10% | 7% | 9% | 16% | 23% | 17% | 20% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 May - Transcript of earning call held on 12th May, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 May - Audio recording of Q4 FY25 earnings call released by SMC Global Securities.
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Intimation Regarding Delegation Of Additional Responsibility To Senior Management Personnel
12 May - Mr. Yashpal Chopra appointed Chief Risk Officer in addition to COO role, effective May 11, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
12 May - Mr. Yashpal Chopra appointed Chief Risk Officer in addition to COO role, effective May 11, 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 May - Copy of investor presentation for the Q4 and FY 2025
Annual reports
Concalls
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May 2025Transcript PPT
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Feb 2025TranscriptPPT
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Feb 2025Transcript PPT
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Dec 2024Transcript PPT
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Oct 2024TranscriptNotesPPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Dec 2023TranscriptNotesPPT
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Dec 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Mar 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
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Nov 2022Transcript PPT
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Oct 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Mar 2022TranscriptNotesPPT
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Mar 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Dec 2021TranscriptNotesPPT
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Nov 2021Transcript PPT
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Sep 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
Business Segments
1) Broking, Distribution & Trading (60% in H1 FY25 vs 67% in FY22): [1] [2]
a) Broking: The company is a full-service broker for investments in Stocks, Mutual Funds, Corporate FDs, ETFs, US Stocks, Commodities, Futures & Options, Bonds, etc. Its WOS Moneywise Finvest Ltd operates a discount broking platform under the brand name STOXKART. [3]