Emkay Global Financial Services Ltd

Emkay Global Financial Services Ltd

₹ 288 -1.99%
21 Nov - 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 720 Cr.
  • Current Price 288
  • High / Low 320 / 97.4
  • Stock P/E 12.1
  • Book Value 84.4
  • Dividend Yield 0.52 %
  • ROCE 20.7 %
  • ROE 15.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 32.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.5%

Cons

  • Stock is trading at 3.42 times its book value
  • Company has a low return on equity of 10.7% over last 3 years.
  • Earnings include an other income of Rs.30.0 Cr.
  • Company has high debtors of 157 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
47 47 40 48 51 50 40 40 63 69 80 76 101
39 39 44 40 44 44 50 49 58 58 69 62 73
Operating Profit 9 8 -4 7 7 5 -11 -9 5 11 11 14 28
OPM % 19% 18% -9% 15% 13% 11% -27% -22% 8% 16% 13% 18% 28%
1 1 6 1 1 1 8 7 7 8 8 7 6
Interest 4 1 1 1 1 1 1 1 1 2 2 2 2
Depreciation 2 2 2 2 2 2 2 2 2 2 3 2 2
Profit before tax 4 7 0 6 5 3 -6 -4 9 15 14 16 30
Tax % 36% 47% -517% 42% 19% -153% -41% -2% 18% 17% 38% 18% 17%
3 4 1 3 4 7 -4 -4 8 12 9 14 25
EPS in Rs 1.04 1.53 0.58 1.37 1.52 2.93 -1.51 -1.74 3.04 4.99 3.62 5.47 9.89
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 TTM
79 67 104 95 97 133 128 119 141 180 198 283 325
74 65 77 76 79 103 110 123 122 155 177 234 262
Operating Profit 5 2 27 19 17 29 18 -4 19 25 21 49 63
OPM % 6% 4% 26% 20% 18% 22% 14% -4% 13% 14% 10% 17% 19%
0 1 -36 0 -3 0 -0 0 3 4 -0 0 30
Interest 3 4 3 2 2 2 3 6 3 3 4 6 8
Depreciation 5 4 4 4 4 5 7 8 7 7 9 9 10
Profit before tax -3 -5 -16 13 7 23 7 -18 11 19 7 34 75
Tax % 145% 1% -1% 24% 38% 21% 31% -30% 30% 28% -53% 28%
-8 -5 -16 10 5 18 5 -13 8 13 11 24 59
EPS in Rs -3.23 -2.13 -6.52 4.01 1.89 7.31 2.01 -5.11 3.25 5.41 4.31 9.91 23.97
Dividend Payout % 0% 0% 0% 25% 53% 27% 50% 0% 31% 23% 23% 15%
Compounded Sales Growth
10 Years: 15%
5 Years: 17%
3 Years: 26%
TTM: 69%
Compounded Profit Growth
10 Years: 21%
5 Years: 32%
3 Years: 53%
TTM: 658%
Stock Price CAGR
10 Years: 18%
5 Years: 34%
3 Years: 41%
1 Year: 150%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 11%
Last Year: 15%

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 Sep 2024
Equity Capital 24 24 24 24 24 25 25 25 25 25 25 25 25
Reserves 103 98 82 89 94 110 110 96 106 120 127 149 185
39 27 21 9 29 10 12 10 7 33 18 51 63
61 97 83 82 108 158 135 216 381 511 482 765 854
Total Liabilities 228 247 210 205 255 302 281 346 518 688 651 990 1,127
42 39 36 34 35 32 35 38 34 31 37 37 37
CWIP 0 0 0 0 0 0 0 0 0 2 0 0 0
Investments 34 35 35 36 34 41 49 49 62 73 54 57 64
151 173 140 135 186 229 196 259 422 582 560 896 1,025
Total Assets 228 247 210 205 255 302 281 346 518 688 651 990 1,127

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
-32 20 3 36 -17 36 18 58 91 35 -69 -17
11 0 2 -0 -2 -4 -11 -10 -1 -2 34 4
22 -16 -10 -16 18 -25 -9 -14 -16 -8 -10 24
Net Cash Flow 1 5 -4 19 -1 6 -2 34 73 25 -45 11

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 106 201 142 70 243 241 163 160 167 175 190 157
Inventory Days
Days Payable
Cash Conversion Cycle 106 201 142 70 243 241 163 160 167 175 190 157
Working Capital Days 102 52 -56 -190 -111 -173 -193 -429 -665 -565 -430 -524
ROCE % 0% -1% 16% 12% 10% 17% 9% -8% 10% 12% 7% 21%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.34% 74.27% 73.89%
0.78% 0.83% 0.81% 0.76% 0.76% 0.76% 0.76% 0.77% 0.76% 1.17% 0.76% 0.77%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00%
24.73% 24.69% 24.70% 24.75% 24.75% 24.75% 24.74% 24.74% 24.74% 24.41% 24.97% 25.34%
No. of Shareholders 15,45015,35015,76816,04215,52714,92214,75313,59312,96111,76612,35411,469

* 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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