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Emkay Global Financial Services Ltd

₹ 287-0.26%
07 Jan – close price
🔗emkayglobal.comâ€ĸBSE: 532737â€ĸNSE: EMKAY
Market Cap₹ 750 Cr.
Current Price₹ 287
High / Low₹ 410
Stock P/E34.5
Book Value₹ 89.9
Dividend Yield0.52 %
ROCE25.6 %
ROE28.7 %
Face Value₹ 10.0
Sales₹ 271 Cr.
OPM6.16 %
Mar Cap₹ 750 Cr.

ABOUT

Incorporated in 1995, Emkay Global Financial Services Ltd is in the business of providingcapital 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, equitybroking, commodity broking, distributionof financial products and investment banking operations. It has 300+ clients. In FY23, company's PMS+AIF AUMs stood atRs. 5,984 Mn. and Wealth AUMs at Rs. ** 2,348 Mn.**

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsCapacity Expansion And ProductsPreferential IssuanceLarge Order ReceiptsLarge Order ReceiptsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Billionbrains162.0553.2999953.030.00471.3412.181018.74-9.4862.574061.1562.311824.37471.34–20.170.05
2.Motil.Oswal.Fin.848.2025.1850967.240.59362.56-67.641849.11-34.9118.677769.8250.202024.23362.423.967.641.22
3.360 ONE1191.8042.8948300.121.01315.4828.511114.9528.8714.913607.0160.011126.22315.485.166.201.47
4.Nuvama Wealth1478.9026.2726939.241.95253.98-1.361134.717.7520.404411.5253.531025.60254.137.044.042.37
5.Angel One2470.6028.7122456.531.94211.73-49.991201.76-20.6625.804660.5132.80782.19211.733.867.780.77
6.IIFL Capital395.5020.9812268.590.7685.15-58.84572.08-11.3633.272309.1837.47584.8484.414.378.570.62
7.Anand Rathi Shar666.1041.944166.840.0028.59-13.68227.08-1.2921.26843.5736.92103.8828.593.203.500.93
8.Emk.Global Fin.287.3534.49750.140.52-2.11-108.5963.57-36.8625.61270.616.1621.75-2.113.205.560.55
–Median: 32 Co.145.022.211321.070.313.75-36.8170.37-17.118.54294.8436.1146.9813.751.936.570.22

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
49.7169.0972.4340.2776.5465.3039.6980.6569.3150.8663.49100.6863.57
Expenses
44.4358.0062.0049.0662.0161.2250.3269.3666.4144.1558.1972.9464.31
Operating Profit
5.2811.0910.43-8.7914.534.08-10.6311.292.906.715.3027.74-0.74
Other Income
1.398.006.427.046.284.557.977.765.151.157.346.504.49
Profit before tax
2.8514.8611.99-4.3616.442.79-6.2914.352.914.619.1629.70-2.99
Tax %
-153.33%17.03%17.76%-1.83%17.64%1.08%-40.70%37.77%-276.29%18.66%18.23%17.31%-29.77%
Net Profit
7.2312.329.86-4.2813.532.76-3.738.9310.963.757.5024.56-2.11
EPS in Rs
2.934.993.94-1.745.471.08-1.513.624.321.523.049.89-0.82

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
671049597133128119141180198283339271
Expenses
65777679103110123122155177234260254
Operating Profit
22719172918-4192521487917
Other Income
1-360-30-0034-01121
Interest
43222363346912
Depreciation
444457877991011
Profit before tax
-5-16137237-1811197346115
Net Profit
-5-16105185-1381311245921
EPS in Rs
-2.13-6.524.011.897.312.01-5.113.255.414.319.9123.228.52
Dividend Payout %
0%0%25%53%27%50%0%31%23%23%15%17%–

Compounded Profit Growth

10 Years:11%
5 Years:47%
3 Years:72%
TTM:-64%

Compounded Sales Growth

10 Years:13%
5 Years:23%
3 Years:24%
TTM:-17%

Return on Equity

10 Years:10%
5 Years:15%
3 Years:18%
Last Year:29%

Stock Price CAGR

10 Years:14%
5 Years:32%
3 Years:57%
1 Year:-9%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
24242424252525252525252526
Reserves
9882899411011096106120127149212205
Borrowings
2721929101210733185185127
Other Liabilities
9783821081581352163815114827658081,061
Total Liabilities
2472102052553022813465186886519901,1311,418
Fixed Assets
39363435323538343137373739
Gross Block
66.0466.1463.3663.2363.6442.2850.3450.6948.5060.2165.5172.19–
Accumulated Depreciation
27.2130.2628.8628.1231.226.9512.6516.7917.2522.8428.5235.08–
CWIP
0000000020000
Investments
35353634414949627354576673
Other Assets
1731401351862291962594225825608961,0271,306
Total Assets
2472102052553022813465186886519901,1311,418

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
20336-173618589135-69-16-20
Cash from Investing Activity
02-0-2-4-11-10-1-2343-12
Cash from Financing Activity
-16-10-1618-25-9-14-16-8-102422
Net Cash Flow
5-419-16-2347325-4511-9

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
2011427024324116316016717519015797
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
2011427024324116316016717519015797
Working Capital Days
-95-128-225-220-201-193-429-665-565-430-524-304
ROCE %
-1%16%12%10%17%9%-8%10%12%7%20%26%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
74.49%74.49%74.49%74.49%74.49%74.34%74.27%73.89%73.36%72.36%72.03%71.68%
FIIs
0.76%0.76%0.76%0.77%0.76%1.17%0.76%0.77%0.83%0.82%0.85%0.88%
DIIs
0.00%0.00%0.00%0.00%0.00%0.07%0.00%0.00%0.10%0.10%0.01%0.03%
Public
24.75%24.75%24.74%24.74%24.74%24.41%24.97%25.34%25.71%26.74%27.11%27.41%

* The classifications might have changed from Sep'2022 onwards.ℹī¸

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Emkay Global Allots Over 1.47 Lakh Shares Under ESOP Schemes

10th April 2026, 10:44 pm

Emkay Global Financial Services Confirms SEBI Dematerialisation Compliance for Q4FY26

9th April 2026, 7:35 pm

Emkay Global Financial Services to Close Trading Window from April 1, 2026

30th March 2026, 8:35 pm

Emkay Global Financial Services Secures Trading Approval for 2.78 Lakh Shares from NSE & BSE

25th March 2026, 1:23 am

Emkay Global Shareholders Approve Appointment of Raunak Karwa as Whole-Time Director

23rd March 2026, 7:57 pm

Published by Other Websites

External media mentions & references

Dolly Khanna Buys Stake in Rain Industries, Stock Soars 6%

9th April 2026, 1:41 pm

Emkay: Iran War to Sink Rupee to 96/$, Fuel Inflation, Widen Deficit

24th March 2026, 10:10 pm

India Eyes Better US Trade Terms Post Tariff Verdict

23rd February 2026, 6:05 pm

Super Investors Buy Indian Mid-Caps Amid Market Turbulence

27th January 2026, 6:56 am

India's Earnings Season Kicks Off Amid Market Volatility

24th January 2026, 11:15 am

News Articles

Editorial & research coverage

Super Investors Buy Indian Mid-Caps Amid Market Turbulence
Super Investors Buy Indian Mid-Caps Amid Market Turbulence

27th January 2026, 6:56 am

India's Earnings Season Kicks Off Amid Market Volatility
India's Earnings Season Kicks Off Amid Market Volatility

24th January 2026, 11:15 am

RBI's Rate Riddle: Inflation Low, Rupee Plunges – What's Next for Indian Markets?
RBI's Rate Riddle: Inflation Low, Rupee Plunges – What's Next for Indian Markets?

5th December 2025, 7:28 am

Emkay Global PAT Tumbles 50% YoY Amidst Severe Margin Crunch
Emkay Global PAT Tumbles 50% YoY Amidst Severe Margin Crunch

Documents

Announcements

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Allotment

18 Dec - Allotment of 4,420 NCDs aggregating INR 44.20 crore, two-year tenor, to be listed on BSE.

Announcement under Regulation 30 (LODR)-Allotment

12 Dec - 2,78,300 warrants converted to 2,78,300 shares on Dec 12, 2025; Rs.4,99,89,637.50 received for conversion of warrants.

Announcement under Regulation 30 (LODR)-Newspaper Publication

11 Dec - Newspaper Publication-Special Window for re-lodgment of transfer requests of physical shares

Announcement under Regulation 30 (LODR)-Newspaper Publication

11 Dec - Notice of Postal Ballot published in Newspaper.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

7 Aug 2025 from icra

Rating update

25 Jul 2025 from icra

Rating update

22 Oct 2024 from icra

Rating update

17 Apr 2024 from icra

Rating update

6 Apr 2023 from icra

Rating update

6 Apr 2022 from icra

Concalls

Dec 2025

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Oct 2025

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Sep 2025

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Aug 2025

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Jun 2025

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May 2025

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Jan 2025

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Oct 2024

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May 2024

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Oct 2023

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Nov 2022

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Oct 2021

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Stock Analysis

Description

Incorporated in 1995, Emkay Global Financial Services Ltd is in the business of providing capital market services. It operates as a 360-degree financial services provider, offering institutional broking, asset management, wealth/portfolio management, investment banking, and other related financial services to over 300 clients.

Key Growth Triggers

In Q1 FY26, the company achieved robust 37% YoY growth in Assets Under Management (AUM) across its PMS, AIF, and Wealth Management businesses, reaching ₹14,689 Mn and ₹2,00,517 Mn respectively.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Recent financial performance in Q1 and Q2 FY26 showed significant year-on-year declines in revenue and PAT, with standalone PAT turning into a loss and consolidated PAT dropping sharply by 98.8% YoY in Q2 FY26.
  2. Operating and net profit margins experienced sharp compression in recent quarters.
  3. H1FY26 cash flow from operations was negative.
  4. Historical data indicates contingent liabilities of Rs. 269 Cr. and a tax rate that seems low.

Key Dates To Watch

  1. Board Meeting for Q3 FY26 & 9MFY26 results: January 27, 2026.
  2. Trading Window Closure ends: January 29, 2026.

Corporate Announcements

10th Apr 26
Impact Rating: 8
Emkay Global approved allotting 35,250 shares under ESOP-2007 and 1,12,418 shares under ESOP-2018. Total issued shares will reach 2,63,36,731, and the company's issued share capital will stand at ₹26.34 crore.
9th Apr 26
Impact Rating: 3
Emkay Global Financial Services Limited has provided a confirmation certificate from its registrar, MUFG Intime India, to the stock exchanges regarding SEBI dematerialisation compliance for the quarter ended March 31, 2026.
30th Mar 26
Impact Rating: 5
As per SEBI regulations, Emkay Global Financial Services is closing its trading window for designated individuals, including directors and promoters, from April 1, 2026. This restriction will last until 48 hours post-announcement of financial results.
24th Mar 26
Impact Rating: 8
Trading approval granted by NSE and BSE for Emkay Global Financial Services Limited to list 2,78,300 equity shares, issued at Rs. 239.50 each, on preferential basis upon warrant conversion.
23rd Mar 26
Impact Rating: 6
Emkay Global Financial Services Limited shareholders passed a special resolution approving Mr. Raunak Karwa's appointment as Whole-Time Director, designated Executive Director, for three years, including remuneration, via postal ballot.