SMC Global Securities Ltd - Stock Valuation and Financial Performance

BSE: 543263 | NSE: SMCGLOBAL | Finance - Stock Broking | Small Cap

SMC Global Sec. Share Price

124.20 1.00 0.81%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on SMC Global Sec.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

SMC Global Securities stock performance -

mw4me loader
P/E Ratio (SA):
11.24
Market Cap:
1,305.1 Cr.
52-wk low:
61
52-wk high:
145

Is SMC Global Securities Ltd an attractive stock to invest in?

1. Is SMC Global Securities Ltd a good quality company?

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

2. Is SMC Global Securities Ltd undervalued or overvalued?

The key valuation ratios of SMC Global Securities Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is SMC Global Securities Ltd a good buy now?

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

10 Year X-Ray of SMC Global Sec.:

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.
SMC Global Securities 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 % 3.5%5%3%6.4%6.9%6.2%6.7%12%18.4%12.9%-
Value Creation
Index
-0.8-0.6-0.8-0.6-0.5-0.6-0.5-0.20.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 175239225356406425422501670679609
Sales YoY Gr.-36.4%-6%58.3%14%4.7%-0.7%18.8%33.6%1.4%-
Adj EPS 1.11.90.82.62.902.66.612.88.911.1
YoY Gr.-71.2%-60%240.8%11.6%-100%NA151.7%93.1%-30.2%-
BVPS (₹) 46.547.547.649.251.1053.959.470.173.481.9
Adj Net
Profit
12.621.58.629.332.73329.774.914593.4116
Cash Flow from Ops. -20.639.297.6-58.6-14.1-177698-277240-77.5-
Debt/CF from Ops. -3.41.50.9-3.6-19.1-2.90.1-0.90.6-5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.3%10.9%17.2%1.4%
Adj EPS 26.1%25.3%50.3%-30.2%
BVPS5.2%7.5%10.8%4.6%
Share Price - - 21.5% 76.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.44.11.65.45.85.64.911.719.81214.3
Op. Profit
Mgn %
13.920.712.817.926.514.814.925.132.826.936.1
Net Profit
Mgn %
7.293.88.38.17.87.11521.613.819.1
Debt to
Equity
0.10.10.20.40.50.90.10.40.20.5-
Working Cap
Days
775616690507456612562267255317861
Cash Conv.
Cycle
31731422511169229122-190-275-221214

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.20%

Net Profit is growing at healthy rate in last 3 years 50.25%

Sales growth is good in last 4 quarters at 16.16%

Return on Equity has declined versus last 3 years average to 14.30%

Latest Financials - SMC Global Securities Ltd.

Standalone Consolidated
TTM EPS (₹) 11.1 13.7
TTM Sales (₹ Cr.) 609 1,273
BVPS (₹.) 81.9 99.6
Reserves (₹ Cr.) 836 1,022
P/BV 1.52 1.25
PE 11.24 9.13
From the Market
52 Week Low / High (₹) 61.00 / 145.00
All Time Low / High (₹) 61.00 / 145.00
Market Cap (₹ Cr.) 1,305
Equity (₹ Cr.) 20.9
Face Value (₹) 2
Industry PE 25.3

Management X-Ray of SMC Global Sec.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.982.982.988.6513.1121.3725.6225.6313.6113.61
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of SMC Global Sec.

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
Income181244229362426444454521684693
Interest Income175239225356406425422501670679
Other Income 6556201932201414
Expenditure 166211216317377410416416502573
Interest Expense 11121421333944283859
Operating Expenses 150187190284301365371383461510
Provisions 51211134462433
Exceptional Items 0000000000
Profit Before Tax 15331445483338105182120
Taxes 3115151508303826
Profit After Tax 13229293333307514593
Adjusted EPS (₹)1.11.90.82.62.92.92.66.612.88.9
Dividend Payout Ratio (%)43%32%79%32%33%33%37%30%19%27%

Balance Sheet

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

Equity and Liabilities

Equity Capital526538538556578600610671793768
Share Capital 23232323232323232321
Reserves 504515516533556578588649771747
Minority Interest0000000000
Long Term Borrowings10-2-32-3-12-465277
Current Liabilities 3513605286817731,3247981,2761,5551,684
Trade Payables8272234183184204297398636377
Short term borrowings69578320726851565237112316
Other Liabilities-151-129-317-390-451-719-362-635-748-693
Total Liabilities 8888961,0641,2391,3481,9121,4041,9532,4012,529

Assets

Non Current Asset 358313351403540529569587721594
Loan Asset 0000000000
Other Non Current Asset 358313351403540529569587721594
Current Asset 5305847138358081,3838351,3661,6801,935
Current Investment5796200000
Other Current Asset5245777048308061,3838351,3661,6801,935
Total Assets 8888961,0641,2391,3481,9121,4041,9532,4012,529

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -213998-59-14-177698-277240-77
Cash Flow From Investing Activity -253-52-55-3610-9712-57-9
Cash Flow From Financing Activity 38-2889716193-487125-15449
Net Cash Flow -71453-17-3426114-14030-37
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)12133337139
DPS (₹)0111111222
BVPS (₹)47484849515354597073

Performance Ratios

ROA (%)1.52.40.92.62.52.01.84.56.63.8
ROE (%)2.44.11.65.45.85.64.911.719.812.0
ROCE (%)4.57.54.69.510.07.49.116.823.717.1

Valuation Parameters

Price/Book(x)0.00.00.00.00.00.00.01.21.11.0

SMC Global Securities Ltd Stock News

SMC Global Securities Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SMC Global Sec. on 28-Mar-2024 16:01 is ₹124.2.
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 28-Mar-2024 16:01 the market cap of SMC Global Sec. stood at ₹1,305.1.
The latest P/E ratio of SMC Global Sec. as of 28-Mar-2024 16:01 is 11.24.
The latest P/B ratio of SMC Global Sec. as of 28-Mar-2024 16:01 is 1.52.
The 52-week high of SMC Global Sec. is ₹145.0 and the 52-week low is ₹61.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SMC Global Sec. is ₹609.2 ( Cr.) .

About SMC Global Securities Ltd

Established in 1990, SMC Global Securities Ltd. is a diversified financial services company in India offering brokerage services across the asset classes of equities (cash and derivatives), commodities and currency, investment banking, wealth management, distribution of third party financial products, research, financing, depository services, insurance broking (life & non-life), clearing services, mortgage advisory and real estate advisory services to corporates, institutions, high net worth individuals and other retail clients.

Business area of the company

The company is one of the leading financial services companies providing Broking, Distribution of mutual funds & IPOs, Insurance Broking, depository services, equity research services, Financing, Real Estate & Wealth Advisory, Commodity Broking, NRI & FPI services, Investment Banking with nearly over 550+ cities across India and UAE. The company provides these services through on line and off line distribution channel.

Awards

2018

  • Company of the year (Financial Services)
  • Best performing retail broker nortern region
  • Franchisor of the year - Business Services
  • Best broker with In-House Research in Bullion
  • Best fastest growing commercial NBFC of the year
  • Best financial services provider
  • Corporate brokerage house of the year

2019

  • Premier depository participant in gold category
  • Fastest Growing MFI North In BSE Star MF Online
  • Broking house non-agricultural commodities of the year
  • Corporate broker of the year- national
  • Business excellence award (order of merit)

Milestones

  • 1990: Mr. Subhash, C. Aggarwal & Mr. Mahesh, C. Gupta took the membership of DSE.
  • 1995: Company started providing a trading platform for Equities to its clients.
  • 1995: Engaged in ‘Arbitrage’ operations employing both proprietary & client funds, for monetizing the market mis-pricings.
  • 2000: SMC started providing services of Depository Participant.
  • 2000: Started trading & clearing services for Futures and Options segment.
  • 2003: Providing trading platforms to clients for trading in commodities.
  • 2005: (Equity & Commodities) Fundamental & Technical Research.
  • 2006: Distribution of IPOs & Mutual Fund products.
  • 2006: Distribution of Life and General Insurance Products.
  • 2007: Business NRI Trading and Advisory Services.
  • 2007: Institutional Trading and Advisory Services.
  • 2008: Facility to trade online in Equities, Derivatives & Commodities.
  • 2008: Client based Portfolio & Wealth Management Services.
  • 2008: Fund raising through IPO, Debt & PE routes.
  • 2008: Providing trading platforms to clients for trading in currency.
  • 2008: Providing Margin funding & IPO financing to clients.
  • 2010: Corporate Desk for Currency & Commodity Hedging.
  • 2014: Providing broking services for Real Estate, Mortgage and Loan Advisory.
  • 2016: SMC established overseas office in United States vide its Wholly Owned Subsidiary SMC Global USA Inc.
  • 2016: SMC became Point of- presence (POP) for National Pension System (NPS).
  • 2016: Act as a Stock broker and clearing member on derivative segment of India International Exchange.
  • 2017: Enroll a new distribution partner ‘POS’ approved by IRDA for selling General Insurance & Life Insurance products.
  • 2018: An online portal that gives consumers access to all types of loans, cards and investment products in India.
  • 2020-2021: NCDEX felicitated SMC Global Securities Limited for their contribution towards developing the retail segment participation on the Exchange.
  • 2021: The equity shares of the Company were listed on nationwide trading platforms of NSE and BSE on February 24, 2021. The Company has been ranked among top 1000 listed entities of India as per its market capitalization of March 31, 2021.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.