SMC Global Securities Ltd

SMC Global Securities Ltd

₹ 66.2 1.02%
06 May - close price
About

Incorporated in 1994, SMC Global Securities Ltd offers financial services, with operations spanning across Broking, Distribution & Trading, Financing, and also Insurance Broking, supported by their subsidiary companies

Key Points

Business Overview:[1][2][3]
a) Broking, Distribution & Trading:[4]
Company maintains an expansive physical and digital footprint, operating through a network of 2,154 authorized persons across 413 cities and 6,485 financial distributors. The segment has successfully transitioned toward a digital-first model, with online penetration reaching 70% as of 9MFY26. A key competitive advantage is its strategic 3-in-1 alliances with seven major PSU and private banks including PNB, UBI, and Ujjivan Bank. Serving a client base of 1.29 mn, the segment’s strategic priorities include deepening these banking partnerships, upgrading trading platforms to expand digital reach, and utilizing research-driven advisory tools to enhance customer engagement.
b) Insurance Broking:[5]
The insurance vertical operates a robust national distribution network consisting of 8 branches, 495 employees, and 16,420 Point of Sales. This infrastructure is further supported by 381 Motor Insurance Service Providers, ensuring comprehensive coverage across Tier-1 and Tier-2 cities. The business is heavily weighted toward General Insurance, which constitutes 91% of the revenue pie. To serve both B2B and B2C networks, the group leverages a proprietary online portal integrated with advanced Artificial Intelligence capabilities.
c) Financing:[6]
Established in 2008 through the subsidiary Moneywise Financial Services Pvt. Ltd., this segment provides a wide spectrum of specialized financial products, including SME Micro LAP, equipment finance, and onward lending to other NBFCs. The operations are conducted through 38 branches spanning seven states, managing a total of 7,591 loan accounts. The lending portfolio is highly diversified, with the largest concentrations in SME Working Capital Term Loans (WCTL) and SME Loan Against Property (LAP).
d) Discount Broking:
Moneywise Finvest Limited offers a discount broking platform viz. Stoxkart which has cost-effective brokerage plans, advanced trading tools, and strategic market insights. The platform also provides advanced features such as option chain with open interest and trading capabilities through both Trading View and Chart IQ charting interfaces. Further, it delivers detailed stock insights powered by Markets Mojo, covering 2,000 listed companies. Also, in FY24, it has launched the Smart Trader plan. In FY25, the client base stood at 1.17 million
e) Merchant Banking:
SMC Capitals Ltd, their Category I Merchant Banking arm, provides corporate advisory, fund-raising and M&A solutions. It is also a partner with Translink Corporate Finance, which is a global leader in mid-market cross-border M&A services operating in over 35 countries.
f) Wealth Management:
The company offers PMS services, client-centric advisory and relationship management through SMC Investments & Advisors Limited. It serves 11,763 clients, managing an AUM of ₹948 crores as of FY25
g) Broking and Clearing services:
SMC Global IFSC Pvt. Limited provides broking and clearing services on NSEIX, India INX and IIBX to its clients. SMC Global IFSC Pvt. Ltd., in FY25, holds a market share of 48.05% in gold and 36.60% in silver traded at the exchange.
h) Real estate:
It started dealing in GIFT city through SMC Real Estate Advisors Private Limited

  • Market Cap 1,386 Cr.
  • Current Price 66.2
  • High / Low 94.9 / 49.5
  • Stock P/E 17.0
  • Book Value 48.6
  • Dividend Yield 1.81 %
  • ROCE 12.5 %
  • ROE 8.21 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 34.5%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.0% over last 3 years.
  • Company has high debtors of 245 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
162 181 207 216 250 247 255 223 199 246 217 256 250
122 131 146 145 163 167 170 166 164 184 169 180 184
Operating Profit 39 49 61 71 87 81 85 57 35 62 48 76 66
OPM % 24% 27% 30% 33% 35% 33% 33% 26% 17% 25% 22% 30% 26%
2 22 3 5 1 15 2 2 13 9 1 10 10
Interest 18 20 20 25 30 33 34 33 34 38 35 42 44
Depreciation 5 5 7 6 5 6 5 6 6 5 6 6 6
Profit before tax 19 46 36 45 53 57 46 20 7 28 8 38 26
Tax % 23% 14% 23% 23% 26% 19% 25% 23% -15% 18% 25% 18% 21%
14 39 28 35 39 46 35 16 9 23 6 31 21
EPS in Rs 0.69 1.87 1.33 1.66 1.88 2.20 1.67 0.74 0.41 1.09 0.30 1.50 0.99
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
237 224 356 422 440 448 515 680 689 880 951 968
191 198 290 339 362 358 376 450 496 584 667 717
Operating Profit 46 27 66 82 78 90 139 230 192 297 284 251
OPM % 19% 12% 19% 20% 18% 20% 27% 34% 28% 34% 30% 26%
5 5 3 3 3 5 6 4 4 3 4 30
Interest 12 14 21 33 39 44 28 38 59 96 134 159
Depreciation 6 4 4 5 9 14 12 14 17 24 23 22
Profit before tax 33 14 45 48 33 38 105 182 120 180 131 101
Tax % 34% 37% 34% 32% 1% 21% 29% 21% 22% 22% 20% 19%
22 9 29 33 33 30 75 145 93 141 105 81
EPS in Rs 0.95 0.38 1.30 1.45 1.46 1.31 3.31 6.39 4.46 6.73 5.03 3.88
Dividend Payout % 32% 79% 32% 33% 33% 37% 30% 19% 27% 18% 24% 62%
Compounded Sales Growth
10 Years: 16%
5 Years: 13%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: 25%
5 Years: 2%
3 Years: -4%
TTM: -23%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 21%
1 Year: 24%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 12%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 23 23 23 23 23 23 23 23 21 21 21 42
Reserves 515 516 533 556 578 588 649 771 747 863 942 976
57 84 208 268 516 86 263 175 410 670 870 1,309
295 443 480 510 818 719 1,006 1,404 1,330 2,059 1,770 2,212
Total Liabilities 890 1,066 1,244 1,356 1,934 1,415 1,940 2,372 2,507 3,613 3,603 4,539
13 12 25 28 28 48 48 100 107 105 101 98
CWIP 0 0 0 0 0 0 0 1 10 27 45 78
Investments 269 317 356 499 468 440 484 553 420 402 431 462
609 737 863 829 1,437 927 1,408 1,719 1,970 3,079 3,026 3,901
Total Assets 890 1,066 1,244 1,356 1,934 1,415 1,940 2,372 2,507 3,613 3,603 4,539

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
39 98 -59 -14 -177 698 -277 240 -77 -134 -111 -162
3 -52 -55 -36 18 -97 12 -57 -9 1 2 -82
-28 8 97 16 193 -487 125 -154 49 166 72 282
Net Cash Flow 14 53 -17 -34 34 114 -140 30 -36 33 -38 38
Free Cash Flow 36 95 -75 -24 -184 694 -280 179 -102 -163 -138 -207
CFO/OP 106% 401% -71% 6% -218% 782% -184% 120% -28% -35% -28% -57%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 298 371 353 272 592 138 165 144 158 185 211 245
Inventory Days
Days Payable
Cash Conversion Cycle 298 371 353 272 592 138 165 144 158 185 211 245
Working Capital Days -5 -170 -179 -292 -392 -366 -468 -531 -491 -602 -310 -464
ROCE % 8% 5% 9% 10% 7% 9% 16% 23% 17% 20% 16% 12%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Insurance Gross Premium
INR Crores

Log in to view insights

Please log in to see hidden values.

Login
Insurance Policies Issued
Thousands
NBFC Assets Under Management (AUM)
INR Crores
Total Client Base
Thousands
Number of Authorised Persons
Number
Number of Employees
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
67.37% 67.37% 67.39% 67.27% 67.27% 67.28% 67.29% 67.30% 67.30% 67.51% 66.77% 66.72%
1.13% 1.07% 0.92% 0.96% 1.51% 2.42% 2.75% 2.65% 2.55% 2.41% 2.94% 2.40%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.02% 0.03% 0.05% 0.04% 0.01%
31.52% 31.56% 31.70% 31.76% 31.22% 30.28% 29.95% 30.02% 30.11% 30.03% 30.25% 30.88%
No. of Shareholders 15,17216,02620,44124,36126,19928,11629,34329,14627,56226,63026,03125,250

* 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.

Documents

Concalls