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Emkay Global Financial Services Limited

Emkay Global Financial Services Limited

EMKAY.BO
Emkay Global Financial Services LimitedIN flagBombay Stock Exchange
259.30
INR
-4.55
- -
6.99BMarket Cap
Emkay Global Financial Services Limited
EMKAY.BO
(Bombay Stock Exchange)

Recent

price

259.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
51.74
40.5
35.2
30.46
42.04
42.17
39.31
58.86
55.55
51.05
56.56
104.05
79.28
109.64
132.27
144.01
144.6
Revenue per Share
4.85
0.44
-6.05
-1.62
-6.44
4.92
4.99
11.68
3.55
-5.12
4.52
13.72
5.71
13.16
22.8
5.92
5.94
Basic EPS, GAAP
7.11
-20.12
-2.37
6.82
-2.15
24.02
-11.31
11.4
7.4
36.27
-19.07
22.3
-28.92
6.25
-3.59
-31.35
- -
Free Cash Flow per Basic Share
1.16
1.16
0.58
- -
- -
1.2
0.01
1.2
2.41
1.2
- -
1
1.25
1
1.49
3.98
- -
Dividend per Share
0.01
22.12
16.07
14.26
7.55
11.04
15.8
25.99
26.87
20.51
24.76
36.81
37.05
48.59
68.71
10.2
10.24
Book Value per Share
60.04
60.33
54.39
52.87
46.41
50.16
54.75
65.93
67.76
61.79
67.36
81.31
85.16
97.12
121.1
148.05
148.66
Tangible Book Value per Share
24
24
24
24
24
24
24
25
25
25
25
25
25
25
25
26
26
Basic Weighted Avg Shares
1,264
990
860
744
1,027
1,030
961
1,442
1,366
1,257
1,392
2,563
1,953
2,703
3,297
3,698
3,698
Sales/Revenue/Turnover
116.9
-2.03
-12.06
5.27
23.78
18.25
18.64
24.13
5.5
-14.82
8.43
15.87
-0.1
2.69
12.93
4.01
4.01
Operating Margin (%)
39
50
55
42
43
36
41
47
71
77
76
76
92
98
116
134
134
Depreciation Expense
118
11
-148
-39
-157
120
122
286
87
-126
111
338
141
324
568
152
152
Net Income, GAAP
35.1
35.21
- -
- -
- -
27.76
25.77
21.56
31.34
- -
31.85
24.33
- -
27.79
6.28
28.86
28.86
Effective Tax Rate (%)
9.37
1.08
-17.18
-5.3
-15.31
11.68
12.69
19.84
6.4
-10.02
7.99
13.19
7.21
12
17.24
4.11
4.11
Profit Margin (%)
- -
814
731
719
611
672
676
804
944
800
440
817
776
1,706
2,599
8,874
8,874
Working Capital
47
1
- -
- -
- -
- -
- -
- -
- -
- -
26
22
48
61
520
1,003
1,003
LT Debt
1,487
1,483
1,336
1,296
1,138
1,229
1,351
1,625
1,671
1,528
1,664
2,006
2,104
2,409
3,032
3,807
3,807
Total Equity
61.12
-0.79
- -
- -
- -
10.47
8.8
14.67
2.7
- -
4.66
15.45
- -
2.04
12.44
2.51
2.51
Return on Invested Capital (%)
47.16
5.77
- -
- -
- -
29.78
21.57
33.47
13.16
- -
18.14
38.41
- -
25.37
32.66
13.84
13.84
Return on Capital (%)
97.32
3.95
-31.67
-10.65
-59.02
52.97
37.17
55.94
13.48
-21.6
19.98
44.59
15.47
30.74
39.05
15.4
15.4
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
610
- -
917
LT Finance Leases
96
- -
86
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
- -
26
Market Capitalization
7,885
7,244
4,880

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
9,186
- -
11,390
Cash, Cash Equivalents & STI
7,329
- -
9,166
Accounts Receivable, Net
1,431
- -
1,721
Inventories
- -
- -
- -
Total Current Liabilities
3,869
- -
2,515
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.47%
18.27%
25.56%
Free Cash Flow
-7.26%
14.54%
799.13%
Net Income, GAAP
-8.82%
55.53%
-73.25%
Sales/Revenue/Turnover
17.36%
26.55%
12.15%
Total Cash Common Dividend
- -
42.86%
175.16%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
422
664
648
970
2,703
2025
786
1,042
766
703
3,297
2026
669
706
849
1,474
3,698

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
3.76
4.97
- -
13.16
2025
5.63
10.49
3.45
3.4
22.8
2026
1.88
0.18
1.68
2.2
5.92

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
1.49
2026
- -
- -
- -
- -
3.98
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Business
Emkay Global Financial Services Limited, founded in 1995 and headquartered in Mumbai, India, provides a comprehensive range of capital market services through its two primary segments of Advisory and Transactional Services and Financing and Investment Activities. The company offers institutional equity, currency, and commodity broking; retail equity broking; investment banking including private equity, qualified institutional placements, rights issues, and corporate advisory; asset management through portfolio management services and alternative investment funds with PMS and AIF AUMs of Rs 5,984 million and wealth management AUMs of Rs 2,348 million as of FY23; depository participant services; distribution of financial products; and succession planning services to over 300 institutional clients including foreign institutional investors, mutual funds, banks, corporates, and high-net-worth individuals primarily in western and southern India. Recent developments include the allotment of 9,500,000 convertible warrants at Rs 239.50 each on October 24, 2025, following NSE and BSE in-principle approvals, to raise up to Rs 227.525 crore over 18 months with Rs 56.88 crore already received representing 25% upfront; issuance of 25,660 equity shares under ESOP schemes in September 2025; strategic advisory roles such as co-advising Anant Raj's INR 11,000 million qualified institutional placement in October 2025 alongside DAM Capital Advisors; and a significant capital infusion of Rs 227.5 crore in 2025 through Kirti Doshi acquiring a 21% stake alongside promoter investments to bolster the balance sheet and fund growth initiatives in broking, investment banking, and wealth management.