Emkay Global Financial Services Ltd

Emkay Global Financial Services Ltd

₹ 172 -3.59%
30 Apr - close price
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. It has 300+ clients. In FY23, company's PMS+AIF AUMs stood at Rs. 5,984 Mn. and Wealth AUMs at Rs. ** 2,348 Mn.**

  • Market Cap 425 Cr.
  • Current Price 172
  • High / Low 185 / 67.8
  • Stock P/E 28.3
  • Book Value 87.8
  • Dividend Yield 0.58 %
  • ROCE 6.88 %
  • ROE 6.86 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of 10.8% over last 3 years.
  • Contingent liabilities of Rs.197 Cr.
  • Promoters have pledged 26.4% of their holding.
  • Earnings include an other income of Rs.33.1 Cr.
  • Company has high debtors of 188 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
38 49 54 76 92 52 52 57 54 42 47 71 75
33 38 39 58 65 56 43 47 48 54 52 63 65
Operating Profit 5 11 15 18 27 -4 9 10 6 -12 -6 8 10
OPM % 13% 22% 28% 23% 30% -7% 17% 17% 12% -28% -12% 11% 14%
1 1 0 1 0 1 1 1 2 8 9 8 8
Interest 1 1 1 4 0 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 3
Profit before tax 3 9 13 13 26 -6 7 8 5 -7 1 12 15
Tax % 33% 30% 23% 25% 25% 24% 40% 20% -85% 27% 120% 19% 17%
1 6 10 9 19 -5 5 6 9 -5 0 9 12
EPS in Rs 0.51 2.49 3.97 3.80 7.84 -1.89 1.86 2.48 3.55 -2.18 0.14 3.76 4.97
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
114 99 82 117 105 109 156 147 135 160 272 205 235
103 99 76 82 82 85 111 124 137 134 217 189 234
Operating Profit 11 -0 6 34 24 24 45 23 -3 26 55 15 1
OPM % 9% -0% 8% 29% 22% 22% 29% 15% -2% 16% 20% 8% 0%
0 0 1 -36 0 0 0 3 0 2 1 11 33
Interest 4 6 5 5 4 3 4 7 7 3 3 4 5
Depreciation 5 5 4 4 4 4 5 7 8 8 8 9 9
Profit before tax 2 -11 -3 -11 17 16 37 12 -17 17 46 12 20
Tax % 35% -31% -40% -49% 28% 26% 22% 31% 29% 32% 24% -12%
1 -15 -4 -16 12 12 29 9 -13 11 34 14 16
EPS in Rs 0.44 -6.05 -1.62 -6.44 4.92 4.99 11.66 3.55 -5.11 4.52 13.72 5.71 6.69
Dividend Payout % 114% 0% 0% 0% 20% 20% 17% 28% 0% 22% 9% 18%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 15%
TTM: 9%
Compounded Profit Growth
10 Years: 12%
5 Years: -13%
3 Years: 46%
TTM: 1%
Stock Price CAGR
10 Years: 25%
5 Years: 14%
3 Years: 39%
1 Year: 131%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 11%
Last Year: 7%

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 24 24 24 24 24 24 25 25 25 25 25 25 25
Reserves 124 109 105 89 98 111 137 142 128 142 176 186 192
37 41 34 35 11 49 34 23 10 17 44 33 39
127 96 110 112 92 116 169 136 218 381 519 488 659
Total Liabilities 312 271 274 261 226 299 365 326 381 565 764 731 914
48 43 39 36 35 35 33 35 38 34 32 38 39
CWIP 0 0 0 0 0 0 0 0 0 0 2 0 0
Investments 3 1 3 4 11 26 36 28 16 29 34 24 27
261 227 232 221 180 237 296 263 327 501 696 669 848
Total Assets 312 271 274 261 226 299 365 326 381 565 764 731 914

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
-24 -5 18 -4 61 -22 30 21 94 -44 60 -63
-22 4 -2 3 -8 -15 -8 4 -1 -3 -4 5
29 -0 -11 -2 -30 35 -20 -27 -26 -3 -7 -7
Net Cash Flow -18 -1 5 -3 24 -3 2 -1 66 -51 48 -65

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 195 126 173 169 66 218 208 146 145 152 119 188
Inventory Days
Days Payable
Cash Conversion Cycle 195 126 173 169 66 218 208 146 145 152 119 188
Working Capital Days 26 127 148 52 -121 -9 -71 -134 -353 -564 -372 -398
ROCE % 3% -3% 2% 19% 14% 12% 22% 9% -6% 12% 23% 7%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.55% 74.51% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.34%
0.00% 0.48% 0.78% 0.83% 0.81% 0.76% 0.76% 0.76% 0.76% 0.77% 0.76% 1.17%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07%
25.45% 25.01% 24.73% 24.69% 24.70% 24.75% 24.75% 24.75% 24.74% 24.74% 24.74% 24.41%
No. of Shareholders 9,94716,13515,45015,35015,76816,04215,52714,92214,75313,59312,96111,766

* 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.

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