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Emkay Global Financial Services Ltd (EMKAY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532737 NSE: EMKAY Finance - Stock Broking | Small Cap | EmkayGlobal Finl.Ser Share Price

₹297.20 0.35 (0.12%)

As on 04-Jun'26 16:59

Emkay Global Financial Services Ltd (EMKAY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532737 NSE: EMKAY Finance - Stock Broking | Small Cap | EmkayGlobal Finl.Ser Share Price

₹297.20 0.35 (0.12%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹809 Cr.
Current Price
₹297.2
52-Week Low / High
₹185 / 410
TTM EPS
₹4.4
TTM Sales
₹346 Cr.
Book Value per Share
₹121.6
P/E Ratio
68.00
Higher than its 5-year historical median
Industry PE
48.3
Price to Book (P/B)
2.44
Higher than its 5-year historical median
Price to Sales (P/S)
2.34
Higher than its 5-year historical median
EV/EBITDA
-0.29
Higher than its 5-year historical median
Dividend Yield
1.88%
Profitability Efficiency
Return on Equity (ROE)
29.67%
Outperforms industry median
Return on Capital Employed (ROCE)
27.39%
Outperforms industry median
Return on Assets (ROA)
5.47%
Operating Profit Margin
18.2%
Net Profit Margin
18.68%
Gross Profit Margin
22.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.52%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
182.5%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
140.74%
Asset Quality
Promoter Holding
72.21%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹304 Cr.
Equity
₹27.2 Cr.
Face Value
₹10
All Time Low / High
₹11.12 / 409.90

Emkay Global Financial Services stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Emkay Global Financial Services Ltd a good quality company?
Emkay Global Financial Services Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Emkay Global Financial Services Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Emkay Global Financial Services Ltd vs industry peers?
Emkay Global Financial Services Ltd revenue CAGR is 21.65%, compared to the industry median CAGR of 16.32%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Emkay Global Financial Services Ltd?
Promoters hold 72.21% of the Emkay Global Financial Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Emkay Global Financial Services Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.7% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Emkay Global Financial Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12%7.2%17.3%7.4%-8.7%11.2%15.6%7.7%22.3%27.4%-
Value Creation
Index
-0.1-0.50.2-0.5-1.6-0.20.1-0.50.61.0-

Growth Parameters

Sales 92.393.8132127118143175186253315346
Sales YoY Gr.-1.6%41%-3.9%-6.8%20.5%22.8%6.3%36.1%24.5%-
Adj EPS 41.97.32-5.13.35.44.39.923.24.4
YoY Gr.--52.9%286.8%-72.5%-354.2%NA65.6%-20%129.4%134.3%-
BVPS (₹) 46.548.454.653.847.350.855.15867.491121.6
Adj Net
Profit
9.84.617.94.9-12.6813.310.624.558.912
Cash Flow from Ops. 36.2-1735.51857.8-15.834.7-68.7-16.3-19.5-
Debt/CF from Ops. 0.3-1.70.30.60.1000-2.2-3.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.6%21.7%21.7%24.5%
Adj EPS 21.6%NA62.6%134.3%
BVPS7.7%14%18.2%35.1%
Share Price 16.4% 30.5% 59.2% 21.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.9414.23.7-10.16.610.27.615.829.74.1
Op. Profit
Mgn %
16.615.221.913.3-1.414.311.65.17.918.27.9
Net Profit
Mgn %
10.64.913.63.9-10.65.67.65.79.718.73.4
Debt to
Equity
0.10.20.10.10.10000.20.30
Working Cap
Days
246252259241220271399501462539743
Cash Conv.
Cycle
-114-115-100-83-149-215-155-91-113-199119

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 9697133130123147181199283341
Interest Income9294132127118143175186253315
Other Income 32331162224
Exceptional Items 3313456123025
Expenditure + 8386110121140137165190249279
Interest Expense 2223633469
Operating Expenses 7781105114123128160184241266
Provisions 32331162224
Exceptional Items 0-30-2-113-1-1-0
Profit Before Tax 137237-18111973461
Taxes 3352-535-4102
Profit After Tax 105185-13813112459
Adjusted EPS (₹)4.01.97.32.0-5.13.35.44.39.923.2
Dividend Payout Ratio (%)24.90%52.90%27.40%49.80%0%30.70%23.10%23.20%15.10%17.20%

Valuation of EmkayGlobal Finl.Ser - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +114118134134120131145151173237
Share Capital 24242525252525252525
Reserves 899410911096106120127149212
Short term borrowings929101080003520
Long Term Borrowings2222-31045253067
Current Liabilities 89135166144224385513485802846
Trade Payables49669267122117136117209203
Other Liabilities-58-95-102-77-130-117-136-117-244-223
Total Liabilities 2052553022813415267026611,0061,150

Assets

Non Current Asset +8279828792110125118130138
Loan Asset 00001014916
Other Non Current Asset 8279828791110125114120123
Current Asset +1231762201932494165775438761,011
Current Investment0000000000
Other Current Asset1231762201932494165775438761,011
Total Assets 2052553022813415267026611,0061,150

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 36-17361858-1635-69-16-20
Cash Flow From Investing Activity -0-2-4-11-10-0-2343-12
Cash Flow From Financing Activity -1618-25-9-14-13-8-102422
Net Cash Flow 19-16-234-2925-4511-9

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)41.907.302-5.103.305.404.309.9023.20
DPS (₹)1121011.3011.504
BVPS (₹)46.548.454.653.847.350.855.15867.491

Performance Ratios

ROA (%)4.72.06.41.7-4.01.92.21.62.95.5
ROE (%)8.94.014.23.7-10.16.610.27.615.829.7
ROCE (%)12.07.217.37.4-8.711.215.67.722.327.4

Valuation Parameters

Price/Book(x)1.21.72.72.00.51.31.91.11.72.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *26.4326.430.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Emkay Global Financial Services Ltd FAQs

The current trading price of EmkayGlobal Finl.Ser on 04-Jun-2026 16:59 is ₹297.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of EmkayGlobal Finl.Ser stood at ₹809.3 Cr

The latest P/E ratio of EmkayGlobal Finl.Ser as of 03-Jun-2026 is 68.00.

The latest P/B ratio of EmkayGlobal Finl.Ser as of 03-Jun-2026 is 2.44.

The 52-week high of EmkayGlobal Finl.Ser is ₹409.9 and the 52-week low is ₹185.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of EmkayGlobal Finl.Ser is ₹346 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Emkay Global Financial Services Ltd is a average quality company.

The key valuation ratios of Emkay Global Financial Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Emkay Global Financial Services Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Emkay Global Financial Services Ltd

Emkay Global Financial Services, formerly known as Emkay Share and Stock Brokers, was established by two enterprising chartered accountants -- Krishnakumar Karwa and Prakash Kacholia -- on January 24, 1995. The company subsequently got listed on the BSE and the NSE in 2006.

Emkay Global Financial Services, a truly Indian, dynamic and visionary firm, and a trusted name in the financial services arena, offers the entire gamut of advisory services under one roof. Right from investing, trading, research and financial planning to portfolio management services, it provides its clients with integrated, robust and reliable solutions to satisfy all their financial needs.

The company has extensive research capabilities, high degree of integrity and confidentiality in carrying out client transactions, superior technology backed systems and strong domain expertise in both, the cash and derivatives segments, makes it the preferred investment house for all categories of investors.

Over and above broking services, it has been successfully distributing savings/investment instruments, such as mutual fund schemes, saving bonds, IPOs, etc.

It caters to the financial needs of institutional as well as retail clients and high net worth individuals. The company’s ever expanding and diversified customer base gives it the strength and confidence to weather the volatility of the stock market. It also enables it to maintain high levels of customer service during volatile times. It meets the support needs of this investor base through execution skills driven by an experienced sales team and research-backed advice generated by a team of highly experienced analysts.

The journey that it has embarked upon has enabled it to grow into a Rs 1,300 million plus net worth company, with over 350 retail outlets spread across the length and breadth of India. It invites everyone to join it on this very rewarding journey and reap the benefits of a resurgent India.

Business area of the company

  • Equity and derivatives broking (retail and institutional)
  • Equity research
  • Corporate advisory
  • Depository services
  • Wealth management and portfolio management services
  • Insurance broking
  • Investment banking
  • Commodities research and broking
  • E-broking
  • Mutual fund distribution
  • IPOs

Subsidiary

Emkay Commotrade

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