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

₹ 146 -3.17%
22 Jul 3:23 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 ₹ 1,529 Cr.
  • Current Price ₹ 146
  • High / Low ₹ 183 / 66.3
  • Stock P/E 8.23
  • Book Value ₹ 105
  • Dividend Yield 1.62 %
  • ROCE 18.0 %
  • ROE 18.5 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 20.2% CAGR over last 5 years
  • Company's median sales growth is 16.1% of last 10 years

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
262 255 287 281 290 290 300 318 304 311 389 428 510
205 180 204 221 217 220 236 246 241 233 295 315 371
Operating Profit 57 76 83 60 72 71 65 72 63 79 94 113 139
OPM % 22% 30% 29% 21% 25% 24% 22% 22% 21% 25% 24% 26% 27%
3 3 0 4 1 1 1 1 1 1 2 3 1
Interest 14 12 14 15 16 17 20 26 27 33 35 40 47
Depreciation 6 5 5 5 6 5 5 6 6 7 9 8 8
Profit before tax 41 61 65 43 52 49 41 41 31 40 52 67 85
Tax % 20% 22% 21% 21% 21% 25% 27% 23% 29% 25% 23% 23% 22%
33 48 52 34 41 37 30 32 22 30 40 52 66
EPS in Rs 2.91 4.23 4.55 3.02 3.61 3.27 2.81 3.05 2.07 2.87 3.78 4.93 6.30
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
292 293 370 422 526 652 757 780 902 1,118 1,212 1,642
243 250 289 353 429 516 593 659 706 821 941 1,213
Operating Profit 49 43 81 70 97 136 163 122 196 297 271 429
OPM % 17% 15% 22% 16% 18% 21% 22% 16% 22% 27% 22% 26%
2 9 5 4 8 -0 3 4 7 3 3 3
Interest 17 13 13 18 29 47 64 61 43 58 90 155
Depreciation 8 7 11 7 7 9 11 19 18 20 23 32
Profit before tax 25 31 63 49 68 79 91 45 143 221 162 244
Tax % 23% 28% 33% 30% 34% 35% 18% 47% 26% 21% 26% 23%
20 23 42 35 45 52 75 24 105 175 120 188
EPS in Rs 1.75 1.99 3.71 3.05 4.05 4.71 6.61 2.09 9.27 15.41 11.47 17.89
Dividend Payout % 0% 24% 16% 20% 21% 20% 15% 46% 22% 16% 21% 13%
Compounded Sales Growth
10 Years: 19%
5 Years: 17%
3 Years: 22%
TTM: 35%
Compounded Profit Growth
10 Years: 24%
5 Years: 20%
3 Years: 21%
TTM: 57%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 17%
1 Year: 105%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 468 485 517 544 572 595 658 659 750 903 912 1,075
43 38 68 182 333 523 754 221 494 497 944 1,467
361 358 382 613 653 672 916 975 1,120 1,519 1,431 2,184
Total Liabilities 895 902 990 1,361 1,581 1,813 2,350 1,877 2,387 2,942 3,307 4,747
34 29 22 22 43 37 35 69 64 114 130 135
CWIP 0 0 0 0 0 0 0 1 0 1 10 27
Investments 38 39 41 43 88 136 195 86 117 171 57 70
823 834 927 1,296 1,450 1,641 2,120 1,720 2,207 2,657 3,110 4,513
Total Assets 895 902 990 1,361 1,581 1,813 2,350 1,877 2,387 2,942 3,307 4,747

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
123 8 -20 -8 -233 -155 805 -393 209 -260 -193
-43 -4 -7 -66 55 3 -47 -6 -61 -31 -29
-109 -12 89 114 125 150 -596 211 -100 231 317
Net Cash Flow -29 -8 61 41 -54 -2 162 -189 48 -60 96

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 196 295 235 278 296 232 379 127 133 111 113 116
Inventory Days
Days Payable
Cash Conversion Cycle 196 295 235 278 296 232 379 127 133 111 113 116
Working Capital Days 73 180 209 210 125 -46 33 -209 -250 -308 -270 -318
ROCE % 7% 8% 13% 10% 12% 13% 12% 9% 17% 21% 15% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
62.33% 62.35% 62.37% 62.95% 67.39% 67.40% 67.40% 67.37% 67.37% 67.39% 67.27% 67.27%
0.00% 0.00% 0.00% 0.00% 1.15% 1.15% 1.14% 1.13% 1.07% 0.92% 0.96% 1.51%
0.00% 0.00% 0.00% 0.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.26% 0.27% 0.27% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
37.41% 37.38% 37.36% 36.22% 31.45% 31.46% 31.46% 31.52% 31.56% 31.70% 31.76% 31.22%
No. of Shareholders 18,49917,92218,88515,34014,56815,71815,52015,17216,02620,44124,36126,199

* 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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