SMC Global Securities Ltd

SMC Global Sec. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SMC Global Securities Ltd

₹ 101 -1.23%
01 Dec - close price
smcindiaonline.com BSE: 543263 NSE : SMCGLOBAL
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,054 Cr.
  • Current Price ₹ 101
  • High / Low ₹ 111 / 61.0
  • Stock P/E 8.56
  • Book Value ₹ 94.6
  • Dividend Yield 2.38 %
  • ROCE 15.2 %
  • ROE 12.9 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 1.06 times its book value
  • Company has been maintaining a healthy dividend payout of 19.4%

Cons

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
212 236 262 255 287 281 290 290 300 319 306 311 389
169 191 205 180 204 221 217 220 236 248 243 233 295
Operating Profit 43 45 57 76 83 60 72 71 65 72 63 79 94
OPM % 20% 19% 22% 30% 29% 21% 25% 24% 22% 22% 20% 25% 24%
2 1 3 3 0 4 1 1 1 1 1 1 2
Interest 10 11 14 12 14 15 16 17 20 26 27 33 35
Depreciation 4 4 6 5 5 5 6 5 5 6 6 7 9
Profit before tax 31 31 41 61 65 43 52 49 41 41 31 40 52
Tax % 29% 32% 20% 22% 21% 21% 21% 25% 27% 23% 29% 25% 23%
22 21 33 48 52 34 41 37 30 32 22 30 40
EPS in Rs 1.95 1.87 2.91 4.23 4.55 3.02 3.61 3.27 2.81 3.05 2.07 2.87 3.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
290 292 293 370 422 526 652 757 780 902 1,118 1,218 1,326
262 243 250 289 353 429 516 593 659 706 821 946 1,019
Operating Profit 28 49 43 81 70 97 136 163 122 196 297 271 307
OPM % 10% 17% 15% 22% 16% 18% 21% 22% 16% 22% 27% 22% 23%
1 2 9 5 4 8 -0 3 4 7 3 3 6
Interest 23 17 13 13 18 29 47 64 61 43 58 90 120
Depreciation 10 8 7 11 7 7 9 11 19 18 20 23 28
Profit before tax -3 25 31 63 49 68 79 91 45 143 221 162 164
Tax % -47% 23% 28% 33% 30% 34% 35% 18% 47% 26% 21% 26%
-4 20 23 42 35 45 52 75 24 105 175 120 124
EPS in Rs -0.54 1.75 1.99 3.71 3.05 4.05 4.71 6.61 2.09 9.27 15.41 11.47 11.77
Dividend Payout % 0% 0% 24% 16% 20% 21% 20% 15% 46% 22% 16% 21%
Compounded Sales Growth
10 Years: 15%
5 Years: 13%
3 Years: 16%
TTM: 14%
Compounded Profit Growth
10 Years: 19%
5 Years: 17%
3 Years: 72%
TTM: -13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 27%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 16%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 23 23 23 23 23 23 23 23 23 23 21 21
Reserves 438 468 485 517 544 572 595 658 659 750 903 912 970
149 43 38 68 182 333 523 754 221 494 497 947 1,154
391 361 358 382 613 653 672 916 975 1,120 1,519 1,435 2,210
Total Liabilities 989 895 902 990 1,361 1,581 1,813 2,350 1,877 2,387 2,942 3,315 4,356
40 34 29 22 22 43 37 35 69 64 114 128 143
CWIP 0 0 0 0 0 0 0 0 1 0 1 10 17
Investments 28 38 39 41 43 88 136 195 86 117 171 57 46
921 823 834 927 1,296 1,450 1,641 2,120 1,720 2,207 2,657 3,120 4,151
Total Assets 989 895 902 990 1,361 1,581 1,813 2,350 1,877 2,387 2,942 3,315 4,356

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-25 123 8 -20 -8 -233 -155 805 -393 209 -265
34 -43 -4 -7 -66 55 3 -47 -6 -61 -27
29 -109 -12 89 114 125 150 -596 211 -100 232
Net Cash Flow 38 -29 -8 61 41 -54 -2 162 -189 48 -60

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 267 196 295 235 278 296 232 379 127 133 111 112
Inventory Days
Days Payable
Cash Conversion Cycle 267 196 295 235 278 296 232 379 127 133 111 112
Working Capital Days 109 73 180 209 210 125 -46 33 -209 -250 -308 -265
ROCE % 3% 7% 8% 13% 10% 12% 13% 12% 9% 17% 21% 15%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
62.32% 62.33% 62.33% 62.35% 62.37% 63.88% 67.39% 67.40% 67.40% 67.37% 67.37%
0.07% 0.00% 0.00% 0.00% 0.00% 0.67% 1.15% 1.15% 1.14% 1.13% 1.07%
0.26% 0.26% 0.26% 0.27% 0.27% 0.29% 0.00% 0.00% 0.00% 0.00% 0.00%
37.35% 37.42% 37.41% 37.38% 37.36% 35.16% 31.45% 31.46% 31.46% 31.52% 31.56%
No. of Shareholders 3,88110,78518,49917,92218,88514,95014,56815,71815,52015,17216,026

* 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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Documents

Announcements

Annual reports

Credit ratings

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