Nexome Capital Markets reported a significant 870% jump in net profit to ₹11.57 crore for FY26. The company also recommended a dividend of ₹1.50 per share and successfully raised ₹22.04 crore via a rights issue.
Nexome Capital Markets Reports Strong FY26 Profit, Recommends Dividend
Nexome Capital Markets Ltd. announced a Profit after Tax of ₹11.57 crore for the fiscal year ended March 31, 2026, a substantial increase from ₹1.18 crore in the previous year. The company also proposed a final dividend of ₹1.50 per equity share.
Reader Takeaway: Profit surge and dividend payout look positive, but management notes cautious outlook due to macro headwinds.
What just happened
Nexome Capital Markets Ltd. (formerly SMIFS Capital Markets Limited) has reported a robust financial performance for the fiscal year ended March 31, 2026. Profit after tax surged to ₹11.57 crore from ₹1.18 crore in FY25. Profit before tax also saw a significant jump to ₹15.67 crore from ₹2.06 crore.
The company successfully raised ₹22.04 crore through a rights issue at ₹75 per share. Additionally, it incorporated a new subsidiary, Nexome Wealth Management Limited, to expand its services.
Why this matters
This significant profit growth and dividend recommendation are positive indicators for shareholders. The successful rights issue strengthens the company's capital base, supporting its expansion plans. The incorporation of a wealth management subsidiary signals diversification and a move into a potentially high-growth area.
However, the management's cautious outlook for FY27, citing macroeconomic challenges like geopolitical tensions, currency depreciation, and inflation, warrants attention. This suggests potential headwinds that could impact future performance.
The backstory
Nexome Capital Markets, previously known as SMIFS Capital Markets Limited, officially changed its name effective April 17, 2025. During the year, the Ajay Kumar Kayan Group was reclassified from 'Promoter/Promoter Group' to 'Public' category.
What changes now
The company is set to expand its service offerings with the new wealth management subsidiary. The capital raised will likely fuel further growth initiatives or strengthen its balance sheet. Shareholders can anticipate a dividend payout, subject to approval.
Risks to watch
Management has highlighted several risks including geopolitical instability in the Middle East, potential energy shocks, Rupee depreciation, and persistent inflation. These factors could lead to a tighter monetary policy, impacting the company's operating environment and private capital expenditure cycles.
Peer comparison
(No direct peer comparison data available in the filing.)
Context metrics (time-bound)
- Profit after Tax (FY26): ₹11.57 crore (vs. ₹1.18 crore in FY25)
- Rights Issue Proceeds: ₹22.04 crore
- Dividend Recommendation: ₹1.50 per share
- Net worth (as of March 31, 2026): ₹146.04 crore
What to track next
Investors should closely monitor Nexome Capital Markets' ability to navigate the macroeconomic uncertainties mentioned by the management. The performance of the new wealth management subsidiary and the company's response to inflationary pressures and currency volatility will be key areas to watch.