Emkay Global Financial Services Ltd
NSE: EMKAY BSE: 532737Finance
Incorporated in 1995, Emkay Global Financial Services Ltd is in the business of providing capital market services[1]
₹213
52W: ₹185 — ₹410
PE 47.8 · Book ₹118 · +81% vs bookMarket Cap₹569 Cr
Stock P/E47.8Price to Earnings
ROCE8.69%Return on Capital
ROE4.35%Return on Equity
Div. Yield0.69%Face Value ₹10
Strengths
- +Company is expected to give good quarter
Weaknesses
- −Company has low interest coverage ratio.
- −Contingent liabilities of Rs.269 Cr.
- −Earnings include an other income of Rs.18.2 Cr.
- −Dividend payout has been low at 10.8% of profits over last 3 years
- −Company has high debtors of 174 days.
Shareholding Pattern
Promoters72.2%
FIIs0.84%
DIIs0.01%
Public26.93%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.27% | 73.89%▼0.4 | 73.36%▼0.5 | 72.36%▼1.0 | 72.03%▼0.3 | 71.68%▼0.3 | 71.91%▲0.2 | 72.2%▲0.3 |
| FIIs | 0.76% | 0.77%▲0.0 | 0.83%▲0.1 | 0.82%▼0.0 | 0.85%▲0.0 | 0.88%▲0.0 | 0.8%▼0.1 | 0.84%▲0.0 |
| DIIs | 0% | 0% | 0.1%▲0.1 | 0.1% | 0.01%▼0.1 | 0.03%▲0.0 | 0.05%▲0.0 | 0.01%▼0.0 |
| Public | 24.97% | 25.34%▲0.4 | 25.71%▲0.4 | 26.74%▲1.0 | 27.11%▲0.4 | 27.41%▲0.3 | 27.24%▼0.2 | 26.93%▼0.3 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 69.09 | 80.65 | 76.54 | 100.68 | 72.43 | 69.31 | 65.3 | 63.57 | 79.49 | 143.55 |
| Expenses | 58 | 69.36 | 62.01 | 72.94 | 62 | 66.41 | 61.22 | 64.31 | 71.83 | 127.08 |
| Operating Profit | 11.09 | 11.29 | 14.53 | 27.74 | 10.43 | 2.9 | 4.08 | -0.74 | 7.66 | 16.47 |
| OPM % | 16.05% | 14% | 18.98% | 27.55% | 14.4% | 4.18% | 6.25% | -1.16% | 9.64% | 11.47% |
| Net Profit | 12.32 | 8.93 | 13.53 | 24.56 | 9.86 | 10.96 | 2.76 | -2.11 | 3.13 | 8.12 |
| EPS ₹ | 4.99 | 3.62 | 5.47 | 9.89 | 3.94 | 4.32 | 1.08 | -0.82 | 1.21 | 3.1 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹349Cr, up 2.9% YoY. OPM at 8%.
Debt Position
Borrowings at ₹148Cr. Debt-to-equity ratio: 0.52x. Moderate leverage.
Institutional Flow
DIIs: 0.01% (+0.01pp change). FIIs: 0.84% (+0.08pp change). Promoters hold 72.2%.
Margin & Efficiency
ROCE declining from 16% (Mar 2015) to 9% (Mar 2026). Working capital days: -565.
Valuation
PE 47.8x with 8.69% ROCE. Price is 81% above book value of ₹118. Dividend yield: 0.69%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5m - Newspaper Publication for Audited Financial Results for the 4th Quarter and financial year ended 31st March 2026
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - CARE report for quarter ended 31 Mar 2026 shows Rs 66.88 crore utilized, no deviation.
- Announcement under Regulation 30 (LODR)-Change in Management 2d - Mr. Bhalchandra Raul retires 15 May 2026; Mr. Nishant Shirke appointed Company Secretary from 16 May 2026.
- Change In Senior Management And Key Managerial Personnel 2d - Mr. Bhalchandra Raul superannuates on 15 May 2026; Mr. Nishant S. Shirke takes over from 16 May 2026.
- Announcement under Regulation 30 (LODR)-Cessation 2d - Bhalchandra Raul retires May 15, 2026; Nishant Shirke appointed Company Secretary and Compliance Officer from May 16, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse