As of 6 Nov 2026, Emkay Global Financial Services trades at 14.9× trailing earnings, below the industry P/E of 18.4×, and the shares are 22% below their 52-week high. Sales and net profit grew 21% and 2.6% a year over 3 years; its ROCE of 7.1% is the lowest among the 7 largest Capital Markets peers. Debt is 0.38× equity, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹708 Cr, ranked 33rd of 219 Capital Markets companies by market cap; the shares fell 15% over the past year.
- ₹260.85
- ₹260.85
- ₹249.00
- ₹260.85
- 53K
Health check
- ReturnsBehind
−15.0% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 14.9 vs industry 18.4.
- GrowthSteady
Sales +21.4%, profit +2.6% a year over 3 years.
- ProfitabilityWeak
ROCE 7.1% vs peer median 22.1%.
- Balance sheetStretched
Debt 0.38× equity, interest covered 3.1×, Piotroski 2 of 9.
- Red flags1 to check
Interest coverage of only 0.8×.
Small cap
Defensive
Key metrics
- Market cap
- ₹708 Cr
- Small cap
- P/E
- 14.9
- Industry 18.4
- Price to book
- 1.55
- Peers 4.53
- Dividend yield
- 0.59%
- ROE
- 13.4%
- Peers 18.9%
- ROCE
- 7.1%
- Peers 22.1%
- Debt to equity
- 0.38
- Debt ₹169 Cr
- EPS (TTM)
- ₹17.02
- Face value ₹10
- OPM (TTM)
- 16.6%
- Net margin 10.5%
- Sales growth
- +109.1%
- Latest quarter vs a year ago
- Profit growth
- +6643.4%
- Latest quarter vs a year ago
- Price to sales
- 1.49
Strengths and risks
Strengths
- Quarterly profit up 6643.4% on a year ago.
- Quarterly sales up 109.1% on a year ago.
- Promoter stake up from 71.7% to 72.9%.
Risks to check
- Interest coverage of only 0.8×.
About Emkay Global Financial Services
Emkay Global Financial Services Limited, together with its subsidiaries, provides various financial services in India. It operates through two segments, Advisory and Transactional Services; and Financing and Investment Activities. The company offers stock broking, financing, depository participant, asset and wealth management, financial products distribution, investment advisory, proprietary investments, securities trading, and exempt financial advisory…
- Headquarters
- Mumbai
- Employees
- 470
- Sector
- Financial Services
- ISIN
- INE296H01011
- Website
- emkayglobal.com
Price range
- Avg volume (3M)
- 66K
- 1-year return
- minus 15.0%
- From 52-week high
- minus 22.2%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| EMKAYEmkay Global Financial Services | 253.65 | minus 2.76% | 708 | 14.9 | 1.55 | 7.1% | 13.4% | 8.7% | 21.4% | 2.6% | 0.59% | minus 15.0% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 70.6 | 84.9 | 147 | 84 | 148 | |
| 69.2 | 76.7 | 135 | 72.6 | 103 | |
| 1.4 | 8.3 | 12.8 | 11.4 | 44.7 | |
| 2.0% | 9.7% | 8.7% | 13.6% | 30.3% | |
| 5 | 4.7 | 4.8 | 4.6 | 5.3 | |
| 2.8 | 3.4 | 4.3 | 4.3 | 5.8 | |
| 3.3 | 3.6 | 3.7 | 3 | 3.3 | |
| 0.3 | 6 | 9.6 | 8.7 | 41 | |
| 6.1% | 28.0% | 41.3% | 8.2% | 24.2% | |
| 0.5 | 4.3 | 5.7 | 9.1 | 31 | |
| 0.18 | 1.59 | 2.05 | 3.07 | 10.34 |
Profit & loss
- Sales CAGR 3Y
- +21.4%
- Profit CAGR 3Y
- +2.6%
- EPS CAGR 3Y
- −1.0%
- ROE
- 13.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 195 | 270 | 317 | 350 | |
| – | +38.4% | +17.2% | +10.4% | |
| 186 | 253 | 276 | 342 | |
| 9 | 17.1 | 40.5 | 7.8 | |
| 4.6% | 6.3% | 12.8% | 2.2% | |
| 15 | 38.6 | 36.5 | 36.7 | |
| 2.3 | 3.5 | 4.6 | 10 | |
| 9.2 | 9.8 | 11.6 | 13.4 | |
| 0.1 | −0 | −0 | 0.1 | |
| 12.5 | 42.4 | 60.7 | 21.2 | |
| −11.6% | 27.8% | 6.3% | 28.9% | |
| 14.1 | 32.4 | 56.8 | 15.2 | |
| – | +130.5% | +75.2% | minus 73.3% | |
| 5.68 | 12.74 | 21.95 | 5.51 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.6 | 24.7 | 25.4 | 26.2 | |
| 186 | 216 | 278 | 354 | |
| 22.6 | 41.7 | 55.3 | 100 | |
| 498 | 783 | 875 | 1,259 | |
| 731 | 1,065 | 1,233 | 1,740 | |
| 37.5 | 41.3 | 40.5 | 39.7 | |
| – | – | 0.3 | 0.3 | |
| 90 | 31.3 | 50.4 | 58.8 | |
| 420 | 807 | 1,005 | 1,394 | |
| 183 | 185 | 137 | 247 | |
| 731 | 1,065 | 1,233 | 1,740 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −63.4 | 24 | −2.1 | −71.7 | |
| 5.1 | −8.1 | −10.1 | −13.2 | |
| −6.9 | 2.4 | 10.9 | 85.9 | |
| −65.2 | 18.3 | −1.4 | 1 | |
| −7.8 | −8.6 | −6.9 | −8.8 | |
| −71.2 | 15.4 | −9 | −80.5 | |
| −3.1 | −2.5 | −3.7 | −10.2 |
Shareholding pattern
- Promoters72.89%
- Public27.11%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.89% | 27.11% | plus 0.06 | |
| 30 Jun 2026 | 72.83% | 27.17% | plus 0.62 | |
| 31 Mar 2026 | 72.21% | 27.79% | plus 0.30 | |
| 31 Dec 2025 | 71.91% | 28.09% | plus 0.23 | |
| 30 Sep 2025 | 71.68% | 28.32% | – |
Major shareholders
Filings & events
News
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