Emkay Global Financial Services Ltd - Stock Valuation and Financial Performance

BSE: 532737 | NSE: EMKAY | Finance - Stock Broking | Small Cap

EmkayGlobal Finl.Ser Share Price

117 4.40 3.91%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on EmkayGlobal Finl.Ser

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Emkay Global Financial Services stock performance -

mw4me loader
P/E Ratio (SA):
23.54
Market Cap:
278 Cr.
52-wk low:
61.6
52-wk high:
170.2

Is Emkay Global Financial Services Ltd an attractive stock to invest in?

1. Is Emkay Global Financial Services Ltd a good quality company?

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

2. Is Emkay Global Financial Services Ltd undervalued or overvalued?

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

3. Is Emkay Global Financial Services Ltd a good buy now?

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

10 Year X-Ray of EmkayGlobal Finl.Ser:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1.5%-10.1%9%4.6%13.5%5.1%-6.1%7.9%11.1%9.3%-
Value Creation
Index
-1.1-1.7-0.4-0.70.0-0.6-1.4-0.4-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 67.699.892.393.8132127118143175186211
Sales YoY Gr.-47.6%-7.5%1.6%41%-3.9%-6.8%20.5%22.8%6.3%-
Adj EPS -2.1-6.541.97.32-5.13.35.44.34.8
YoY Gr.-NANA-52.9%286.8%-72.5%-354.2%NA65.6%-20%-
BVPS (₹) 50.243.646.548.454.653.847.350.855.15866.3
Adj Net
Profit
-5.2-15.99.84.617.94.9-12.6813.310.612
Cash Flow from Ops. 20.42.736.2-1735.51857.8-15.834.7-68.7-
Debt/CF from Ops. 1.37.60.3-1.70.30.60.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.9%7.1%16.3%6.3%
Adj EPS NA-10%NA-20%
BVPS1.6%1.2%7%5.4%
Share Price 23.7% 2.7% 19.3% 83.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-4.2-13.98.9414.23.7-10.16.610.27.67.7
Op. Profit
Mgn %
1.51916.615.221.913.3-1.414.311.65.1-1.4
Net Profit
Mgn %
-7.7-1610.64.913.63.9-10.65.67.65.75.6
Debt to
Equity
0.20.20.10.20.10.10.1000-
Working Cap
Days
577366246252259241220271399501638
Cash Conv.
Cycle
-103-103-114-115-100-83-149-215-155-91122

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.28%

Sales growth is good in last 4 quarters at 12.49%

Return on Equity has declined versus last 3 years average to 7.70%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Emkay Global Financial Services Ltd.

Standalone Consolidated
TTM EPS (₹) 4.8 6.7
TTM Sales (₹ Cr.) 211 233
BVPS (₹.) 66.3 92.8
Reserves (₹ Cr.) 139 204
P/BV 1.70 1.21
PE 23.54 16.84
From the Market
52 Week Low / High (₹) 61.55 / 170.15
All Time Low / High (₹) 11.12 / 400.95
Market Cap (₹ Cr.) 278
Equity (₹ Cr.) 24.7
Face Value (₹) 10
Industry PE 25.3

Management X-Ray of EmkayGlobal Finl.Ser:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *26.4326.4326.4326.4336.5136.5136.5136.5136.5126.43
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of EmkayGlobal Finl.Ser

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income701089697133130123147181199
Interest Income681009294132127118143175186
Other Income 28331345612
Expenditure 75888386110121140137165190
Interest Expense 4322236334
Operating Expenses 66787781105114123128160184
Provisions 57323311622
Exceptional Items 0-360-30-2-113-1
Profit Before Tax -5-16137237-1811197
Taxes 003352-535-4
Profit After Tax -5-16105185-1381311
Adjusted EPS (₹)-2.1-6.54.01.97.32.0-5.13.35.44.3
Dividend Payout Ratio (%)0%0%25%53%27%50%0%31%23%23%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital123107114118134134120131145151
Share Capital 24242424252525252525
Reserves 9882899410911096106120127
Minority Interest0000000000
Long Term Borrowings222222-3104525
Current Liabilities 12210289135166144224385513485
Trade Payables514249669267122117136117
Short term borrowings272192910108000
Other Liabilities-78-63-58-95-102-77-130-117-136-117
Total Liabilities 247210205255302281341526702661

Assets

Non Current Asset 88868279828792110125119
Loan Asset 0000001014
Other Non Current Asset 88868279828791110125114
Current Asset 158124123176220193249416577543
Current Investment0000000000
Other Current Asset158124123176220193249416577543
Total Assets 247210205255302281341526702661

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 20336-17361858-1635-69
Cash Flow From Investing Activity 020-2-4-11-100-234
Cash Flow From Financing Activity -16-10-1618-25-9-14-13-8-10
Net Cash Flow 5-419-16-234-2925-45
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)-2-74272-5354
DPS (₹)0011210111
BVPS (₹)50444748555447515558

Performance Ratios

ROA (%)-2.2-7.04.72.06.41.7-4.01.92.21.6
ROE (%)-4.2-13.98.94.014.23.7-10.16.610.27.6
ROCE (%)-0.6-9.612.07.217.37.4-8.711.215.67.7

Valuation Parameters

Price/Book(x)0.31.31.21.72.72.00.51.31.91.1

Emkay Global Financial Services Ltd Stock News

Emkay Global Financial Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of EmkayGlobal Finl.Ser on 28-Mar-2024 16:01 is ₹117.0.
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 28-Mar-2024 16:01 the market cap of EmkayGlobal Finl.Ser stood at ₹278.0.
The latest P/E ratio of EmkayGlobal Finl.Ser as of 28-Mar-2024 16:01 is 23.54.
The latest P/B ratio of EmkayGlobal Finl.Ser as of 28-Mar-2024 16:01 is 1.70.
The 52-week high of EmkayGlobal Finl.Ser is ₹170.2 and the 52-week low is ₹61.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of EmkayGlobal Finl.Ser is ₹210.8 ( Cr.) .

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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