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 ₹ 1,420 Cr.
- Current Price ₹ 136
- High / Low ₹ 183 / 95.0
- Stock P/E 9.15
- Book Value ₹ 91.0
- Dividend Yield 1.77 %
- ROCE 20.2 %
- ROE 17.1 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 33.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.2%
Cons
- Company has high debtors of 185 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
176 | 175 | 237 | 224 | 356 | 422 | 440 | 448 | 515 | 680 | 689 | 880 | 968 | |
144 | 152 | 191 | 198 | 290 | 339 | 362 | 358 | 376 | 450 | 496 | 584 | 646 | |
Operating Profit | 32 | 24 | 46 | 27 | 66 | 82 | 78 | 90 | 139 | 230 | 192 | 296 | 322 |
OPM % | 18% | 13% | 19% | 12% | 19% | 20% | 18% | 20% | 27% | 34% | 28% | 34% | 33% |
2 | 6 | 5 | 5 | 3 | 3 | 3 | 5 | 6 | 4 | 4 | 4 | 23 | |
Interest | 16 | 11 | 12 | 14 | 21 | 33 | 39 | 44 | 28 | 38 | 59 | 95 | 121 |
Depreciation | 5 | 4 | 6 | 4 | 4 | 5 | 9 | 14 | 12 | 14 | 17 | 24 | 23 |
Profit before tax | 13 | 15 | 33 | 14 | 45 | 48 | 33 | 38 | 105 | 182 | 120 | 180 | 202 |
Tax % | 28% | 18% | 34% | 37% | 34% | 32% | 1% | 21% | 29% | 21% | 22% | 22% | |
9 | 13 | 22 | 9 | 29 | 33 | 33 | 30 | 75 | 145 | 93 | 141 | 155 | |
EPS in Rs | 0.84 | 1.11 | 1.90 | 0.76 | 2.59 | 2.89 | 2.92 | 2.63 | 6.62 | 12.78 | 8.92 | 13.47 | 14.82 |
Dividend Payout % | 0% | 43% | 32% | 79% | 32% | 33% | 33% | 37% | 30% | 19% | 27% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 18% |
5 Years: | 15% |
3 Years: | 20% |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | 28% |
5 Years: | 34% |
3 Years: | 24% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 18% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 13% |
3 Years: | 16% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 21 | 21 | 21 |
Reserves | 498 | 504 | 515 | 516 | 533 | 556 | 578 | 588 | 649 | 771 | 747 | 863 | 931 |
30 | 69 | 57 | 84 | 208 | 268 | 516 | 86 | 263 | 175 | 410 | 670 | 871 | |
277 | 291 | 295 | 443 | 480 | 510 | 818 | 719 | 1,006 | 1,404 | 1,330 | 2,057 | 2,172 | |
Total Liabilities | 827 | 886 | 890 | 1,066 | 1,244 | 1,356 | 1,934 | 1,415 | 1,940 | 2,372 | 2,507 | 3,611 | 3,996 |
22 | 18 | 13 | 12 | 25 | 28 | 28 | 48 | 48 | 100 | 107 | 105 | 122 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 10 | 27 | 19 |
Investments | 253 | 277 | 269 | 317 | 356 | 499 | 468 | 440 | 484 | 553 | 420 | 402 | 394 |
552 | 591 | 609 | 737 | 863 | 829 | 1,437 | 927 | 1,408 | 1,719 | 1,970 | 3,077 | 3,461 | |
Total Assets | 827 | 886 | 890 | 1,066 | 1,244 | 1,356 | 1,934 | 1,415 | 1,940 | 2,372 | 2,507 | 3,611 | 3,996 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
39 | 98 | -59 | -14 | -177 | 698 | -277 | 240 | -77 | -92 | |||
3 | -52 | -55 | -36 | 18 | -97 | 12 | -57 | -9 | 1 | |||
-28 | 8 | 97 | 16 | 193 | -487 | 125 | -154 | 49 | 124 | |||
Net Cash Flow | 14 | 53 | -17 | -34 | 34 | 114 | -140 | 30 | -36 | 33 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 258 | 426 | 298 | 371 | 353 | 272 | 592 | 138 | 165 | 144 | 158 | 185 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 258 | 426 | 298 | 371 | 353 | 272 | 592 | 138 | 165 | 144 | 158 | 185 |
Working Capital Days | -79 | 128 | 83 | -35 | 33 | -60 | 35 | -314 | -468 | -531 | -491 | -603 |
ROCE % | 5% | 4% | 8% | 5% | 9% | 10% | 7% | 9% | 16% | 23% | 17% | 20% |
Documents
Announcements
-
Disclosure Regarding Dissolution Of SMC & IM Capitals Investment Manager LLP, Joint Venture
6 Nov - Dissolution of SMC & IM Capitals Investment Manager LLP.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Nov - Submission of Q2 FY25 Earnings Conference Call transcript.
-
Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
4 Nov - Disclosure under SEBI regulations for share purchase.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Oct - Audio recording of Q2 FY24-25 earnings call.
-
Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
29 Oct - Disclosure under SEBI regulations for share purchase.
Annual reports
Concalls
-
Nov 2024Transcript PPT REC
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT REC
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Dec 2023TranscriptNotesPPT
-
Dec 2023Transcript PPT
-
Nov 2023TranscriptNotesPPT
-
Sep 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
Mar 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Dec 2022TranscriptNotesPPT
-
Nov 2022Transcript PPT
-
Oct 2022TranscriptNotesPPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
Jun 2022TranscriptNotesPPT
-
May 2022Transcript PPT
-
Mar 2022TranscriptNotesPPT
-
Mar 2022Transcript PPT
-
Feb 2022TranscriptNotesPPT
-
Dec 2021TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Sep 2021Transcript PPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
Business Segments
A) Broking, Distribution & Trading: The co’s broking business comprises brokerage in equities, commodities, currency derivatives, and other securities, clearing services across all major stock exchanges, and depository services. The Distribution business encompasses distributing third-party financial products like Mutual Funds, IPOs, FPOs, Corporate FD Bonds, etc. It also covers wealth and portfolio management services along with providing investment banking services and advisory in real estate and mortgage/loan advisory.
B) Insurance Broking: The subsidiary of the Co, SMC Insurance Brokers Pvt. Ltd. which is a Direct Insurance Broker registered with IRDA, provides a complete array of services in Life Insurance and General Insurance Category including consulting, risk analysis, policy serving and claim settlement assistance.
C) Financing (NBFC): SMC provides financing services through its wholly-owned subsidiary, Moneywise Financial Services Pvt. Ltd. (SMC Finance). SMC Finance offers a wide bouquet of loan products i.e. SME financing, loans against property, unsecured business loans, personal loans, loans against securities, receivable financing, medical equipment finance, IPO finance, etc. to meet the growing credit requirement.[1]