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

₹ 166 3.07%
01 Jul 4:01 p.m.
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 ₹ 1,740 Cr.
  • Current Price ₹ 166
  • High / Low ₹ 183 / 66.3
  • Stock P/E 12.4
  • Book Value ₹ 84.4
  • Dividend Yield 1.43 %
  • ROCE 20.2 %
  • ROE 17.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 33.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.2%

Cons

  • Company has high debtors of 185 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.

Peer comparison

Sector: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
151 164 160 158 168 168 179 171 162 181 207 216 250
105 106 116 110 118 117 131 126 122 131 146 145 163
Operating Profit 46 58 44 48 50 51 47 45 39 49 61 71 87
OPM % 30% 35% 28% 30% 30% 30% 26% 26% 24% 27% 30% 33% 35%
9 2 15 1 2 9 1 1 2 22 3 5 1
Interest 9 8 8 11 11 12 14 16 18 20 20 24 30
Depreciation 4 3 3 4 4 4 4 5 5 5 7 6 5
Profit before tax 41 49 47 34 38 45 31 26 19 46 36 45 53
Tax % 18% 21% 19% 24% 21% 20% 25% 22% 23% 14% 23% 23% 26%
34 39 38 26 30 36 23 20 14 39 28 35 39
EPS in Rs 2.97 3.46 3.35 2.32 2.63 3.16 2.22 1.90 1.38 3.74 2.66 3.31 3.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
176 175 237 224 356 422 440 448 515 680 689 880
144 152 191 198 290 339 362 358 376 450 496 584
Operating Profit 32 24 46 27 66 82 78 90 139 230 192 296
OPM % 18% 13% 19% 12% 19% 20% 18% 20% 27% 34% 28% 34%
2 6 5 5 3 3 3 5 6 4 4 4
Interest 16 11 12 14 21 33 39 44 28 38 59 95
Depreciation 5 4 6 4 4 5 9 14 12 14 17 24
Profit before tax 13 15 33 14 45 48 33 38 105 182 120 180
Tax % 28% 18% 34% 37% 34% 32% 1% 21% 29% 21% 22% 22%
9 13 22 9 29 33 33 30 75 145 93 141
EPS in Rs 0.84 1.11 1.90 0.76 2.59 2.89 2.92 2.63 6.62 12.78 8.92 13.47
Dividend Payout % 0% 43% 32% 79% 32% 33% 33% 37% 30% 19% 27% 18%
Compounded Sales Growth
10 Years: 18%
5 Years: 15%
3 Years: 20%
TTM: 28%
Compounded Profit Growth
10 Years: 28%
5 Years: 34%
3 Years: 24%
TTM: 52%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 28%
1 Year: 115%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 16%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 23 23 23 23 23 23 23 23 23 23 21 21
Reserves 498 504 515 516 533 556 578 588 649 771 747 863
30 69 57 84 208 268 516 86 263 175 410 670
277 291 295 443 480 510 818 719 1,006 1,404 1,330 2,057
Total Liabilities 827 886 890 1,066 1,244 1,356 1,934 1,415 1,940 2,372 2,507 3,611
22 18 13 12 25 28 28 48 48 100 107 105
CWIP 0 0 0 0 0 0 0 0 0 1 10 27
Investments 253 277 269 317 356 499 468 440 484 553 420 402
552 591 609 737 863 829 1,437 927 1,408 1,719 1,970 3,077
Total Assets 827 886 890 1,066 1,244 1,356 1,934 1,415 1,940 2,372 2,507 3,611

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
39 98 -59 -14 -177 698 -277 240 -77 -92
3 -52 -55 -36 18 -97 12 -57 -9 1
-28 8 97 16 193 -487 125 -154 49 124
Net Cash Flow 14 53 -17 -34 34 114 -140 30 -36 33

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 258 426 298 371 353 272 592 138 165 144 158 185
Inventory Days
Days Payable
Cash Conversion Cycle 258 426 298 371 353 272 592 138 165 144 158 185
Working Capital Days -79 128 83 -35 33 -60 35 -314 -468 -531 -491 -603
ROCE % 5% 4% 8% 5% 9% 10% 7% 9% 16% 23% 17% 20%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.33% 62.33% 62.35% 62.37% 62.95% 67.39% 67.40% 67.40% 67.37% 67.37% 67.39% 67.27%
0.00% 0.00% 0.00% 0.00% 0.00% 1.15% 1.15% 1.14% 1.13% 1.07% 0.92% 0.96%
0.00% 0.00% 0.00% 0.00% 0.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.26% 0.26% 0.27% 0.27% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
37.42% 37.41% 37.38% 37.36% 36.22% 31.45% 31.46% 31.46% 31.52% 31.56% 31.70% 31.76%
No. of Shareholders 10,78518,49917,92218,88515,34014,56815,71815,52015,17216,02620,44124,361

* 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

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