Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 70.54 | 75.20 | 90.98 | 82.69 | 108.02 | 77.30 | 71.04 | 72.97 | 72.09 | 87.08 | 148.39 | 91.91 |
| Expenses | 62.98 | 64.70 | 78.10 | 67.61 | 78.93 | 67.87 | 70.93 | 67.14 | 70.68 | 78.82 | 135.64 | 80.49 |
| Operating Profit | 7.56 | 10.50 | 12.88 | 15.08 | 29.09 | 9.43 | 0.11 | 5.83 | 1.41 | 8.26 | 12.75 | 11.42 |
| OPM % | 10.72% | 13.96% | 14.16% | 18.24% | 26.93% | 12.20% | 0.15% | 7.99% | 1.96% | 9.49% | 8.59% | 12.43% |
| Other Income | 7.52 | 8.19 | 8.44 | 6.43 | 6.78 | 6.58 | 5.81 | 4.78 | 4.99 | 4.74 | 4.82 | 4.61 |
| Interest | 1.12 | 1.29 | 1.66 | 1.78 | 1.65 | 1.84 | 1.68 | 2.44 | 2.80 | 3.43 | 4.28 | 4.29 |
| Depreciation | 2.08 | 2.68 | 3.06 | 2.62 | 2.79 | 2.94 | 3.29 | 2.91 | 3.28 | 3.55 | 3.69 | 3.01 |
| Profit before tax | 11.88 | 14.72 | 16.60 | 17.11 | 31.43 | 11.23 | 0.95 | 5.26 | 0.32 | 6.02 | 9.60 | 8.73 |
| Tax % | 18.94% | 16.51% | 37.35% | 18.47% | 17.88% | 22.26% | -786.32% | 8.75% | 6.25% | 28.07% | 41.25% | 8.25% |
| Net Profit | 9.27 | 12.26 | 10.56 | 13.87 | 25.91 | 8.57 | 8.49 | 4.78 | 0.46 | 4.30 | 5.66 | 9.11 |
| EPS in Rs | 3.76 | 4.97 | 4.28 | 5.61 | 10.43 | 3.43 | 3.35 | 1.88 | 0.18 | 1.66 | 2.16 | 3.33 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 105 | 109 | 156 | 147 | 135 | 160 | 272 | 205 | 316 | 360 | 396 | 399 |
| Expenses | 82 | 85 | 111 | 124 | 137 | 134 | 217 | 190 | 261 | 282 | 348 | 366 |
| Operating Profit | 24 | 24 | 45 | 23 | -3 | 26 | 55 | 15 | 55 | 79 | 47 | 34 |
| OPM % | 22% | 22% | 29% | 15% | -1.9% | 16% | 20% | 7% | 17% | 22% | 12% | 8% |
| Other Income | 0 | 0 | 0 | 3 | 0 | 2 | 1 | 11 | 4 | 1 | 0 | 19 |
| Interest | 4 | 3 | 4 | 7 | 7 | 3 | 3 | 4 | 5 | 7 | 13 | 15 |
| Depreciation | 4 | 4 | 5 | 7 | 8 | 8 | 8 | 9 | 10 | 12 | 13 | 14 |
| Profit before tax | 17 | 16 | 37 | 12 | -17 | 17 | 46 | 12 | 44 | 61 | 21 | 25 |
| Tax % | 28% | 26% | 22% | 31% | -29% | 32% | 24% | -12% | 27% | 6% | 29% | |
| Net Profit | 12 | 12 | 29 | 9 | -13 | 11 | 34 | 14 | 32 | 57 | 15 | 20 |
| EPS in Rs | 4.92 | 4.99 | 11.66 | 3.55 | -5.11 | 4.52 | 13.72 | 5.71 | 13.14 | 22.40 | 5.80 | 7.33 |
| Dividend Payout % | 20% | 20% | 17% | 28% | -0% | 22% | 9% | 18% | 11% | 18% | 26% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | 20% | 25% | 21% | ||
| Compounded Profit Growth | 3% | 7% | 3% | -59% | ||
| Stock Price CAGR | 16% | 20% | 48% | -14% | ||
| Return on Equity | 10% | 12% | 12% | 5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 26 |
| Reserves | 89 | 98 | 111 | 137 | 142 | 128 | 142 | 176 | 186 | 216 | 278 | 354 |
| Borrowings | 35 | 11 | 49 | 34 | 23 | 10 | 17 | 44 | 33 | 52 | 68 | 110 |
| Other Liabilities | 112 | 92 | 116 | 169 | 136 | 218 | 381 | 519 | 488 | 772 | 862 | 1,249 |
| Total Liabilities | 261 | 226 | 299 | 365 | 326 | 381 | 565 | 764 | 731 | 1,065 | 1,233 | 1,740 |
| Fixed Assets | 36 | 35 | 35 | 33 | 35 | 38 | 34 | 32 | 38 | 43 | 41 | 40 |
| CWIP | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 2 | -0 | -0 | 0 | 0 |
| Investments | 4 | 11 | 26 | 36 | 28 | 16 | 29 | 34 | 24 | 26 | 32 | 38 |
| Other Assets | 221 | 180 | 237 | 296 | 263 | 327 | 501 | 696 | 669 | 996 | 1,160 | 1,662 |
| Total Assets | 261 | 226 | 299 | 365 | 326 | 381 | 565 | 764 | 731 | 1,065 | 1,233 | 1,740 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -4 | 61 | -22 | 30 | 21 | 94 | -44 | 60 | -63 | 24 | -2 | -72 |
| Cash from Investing Activity | 3 | -8 | -15 | -8 | 4 | -1 | -3 | -4 | 5 | -8 | -10 | -13 |
| Cash from Financing Activity | -2 | -30 | 35 | -20 | -27 | -26 | -3 | -7 | -7 | 2 | 11 | 86 |
| Net Cash Flow | -3 | 24 | -3 | 2 | -1 | 66 | -51 | 48 | -65 | 18 | -1 | 1 |
| Free Cash Flow | -5 | 59 | -28 | 28 | 18 | 90 | -47 | 55 | -71 | 15 | -9 | -80 |
| CFO/OP | -3% | 265% | -86% | 83% | 101% | -3,675% | -154% | 122% | -376% | 54% | 8% | -118% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 169 | 66 | 218 | 208 | 146 | 145 | 152 | 119 | 188 | 145 | 95 | 159 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 169 | 66 | 218 | 208 | 146 | 145 | 152 | 119 | 188 | 145 | 95 | 159 |
| Working Capital Days | -59 | -161 | -172 | -150 | -134 | -353 | -564 | -372 | -398 | -460 | -271 | -508 |
| ROCE % | 19% | 14% | 12% | 22% | 9% | -6% | 12% | 23% | 7% | 17% | 20% | 8% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.49% | 74.49% | 74.34% | 74.27% | 73.89% | 73.36% | 72.36% | 72.03% | 71.68% | 71.91% | 72.20% | 72.83% |
| FIIs | 0.77% | 0.76% | 1.17% | 0.76% | 0.77% | 0.83% | 0.82% | 0.85% | 0.88% | 0.80% | 0.84% | 0.75% |
| DIIs | 0.00% | 0.00% | 0.07% | 0.00% | 0.00% | 0.10% | 0.10% | 0.01% | 0.03% | 0.05% | 0.01% | 0.01% |
| Public | 24.74% | 24.74% | 24.41% | 24.97% | 25.34% | 25.71% | 26.74% | 27.11% | 27.41% | 27.24% | 26.93% | 26.43% |
| No. of Shareholders | 13,593 | 12,961 | 11,766 | 12,354 | 11,469 | 12,132 | 11,900 | 11,436 | 12,349 | 11,470 | 11,620 | 11,843 |
Fundamentals
Market Cap₹ 788 Cr.
Current Price₹ 283
Stock P/E40.4
Book Value₹ 145
ROCE8.01 %
ROE4.52 %
Dividend Yield0.53 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)-59%
Consolidated figures.
Valuation
Market capRs 751 Cr
Enterprise valueRs -54 Cr
P/E (TTM)38.46x
Price to book1.97x
Price to sales1.88x
EV / EBITDA-1.02x
EV / EBIT-1.37x
EV / sales-0.14x
Earnings yield2.60%
Dividend yield0.52%
P/E, 3-year average16.91x
P/B, 3-year average1.42x
P/E, 5-year average13.91x
P/B, 5-year average1.26x
Profitability
Operating margin (excl. other income)11.94%
Operating margin (incl. other income)12.03%
EBITDA margin13.27%
Pre-tax margin6.18%
Net profit margin4.89%
Net margin, latest quarter9.91%
ROE4.45%
ROCE7.92%
ROA1.02%
ROE, 3-year average13.24%
ROCE, 3-year average15.51%
ROA, 3-year average3.19%
ROE, 5-year average13.00%
ROCE, 5-year average15.28%
ROA, 5-year average3.31%
Tax rate28.87%
Other income / net worth0.09%
Growth
Sales growth (latest year)9.75%
Profit growth (latest year)-73.25%
Sales CAGR, 3 years24.54%
Sales CAGR, 5 years19.81%
Profit CAGR, 3 years2.58%
Profit CAGR, 5 years6.43%
Sales growth QoQ-38.06%
Profit growth QoQ60.95%
Sales growth YoY (latest quarter)25.96%
Profit growth YoY (latest quarter)90.59%
Per share
EPS (TTM)Rs 7.46
EPS (latest year)Rs 5.80
EPS (latest quarter)Rs 3.48
EPS, 3-year averageRs 13.78
EPS, 5-year averageRs 12.15
Book value per shareRs 145.35
Sales per shareRs 152.53
Cash flow per shareRs -27.39
Free cash flow per shareRs -30.55
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 2.33
Dividend per share, 5-year averageRs 1.85
Dividends
Dividend payout25.86%
Dividend payout, 3-year average18.37%
Dividend payout, 5-year average16.34%
Efficiency
Asset turnover0.23x
Fixed asset turnover9.95x
Inventory turnover91.77x
Inventory days4 days
Debtor days159 days
Debtors turnover2.30x
Cash conversion cycle159 days
Working capital days-508 days
Leverage
Total debtRs 110 Cr
Cash and bankRs 916 Cr
Net debtRs -805 Cr
Debt to equity0.29x
Net debt / EBITDA-15.19x
Interest coverage2.67x
Owners' fund to total sources21.88%
Debt to assets6.35%
Cash flow
Cash from Operating Activity (latest year)Rs -72 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs 86 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -80 Cr
FCFE (approx.: FCF + change in debt)Rs -38 Cr
Cash from ops / profit, 5 years-0.35x
Statement figures
Net sales (TTM)Rs 399 Cr
Net sales (latest year)Rs 396 Cr
Sales (latest quarter)Rs 92 Cr
Operating profit excl. other income (latest year)Rs 47 Cr
Operating profit (latest quarter)Rs 11 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 53 Cr
PBDT (TTM)Rs 38 Cr
Profit before tax (TTM)Rs 25 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 20 Cr
Net profit (latest year)Rs 15 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 14 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 84 Cr
Total expenditure (latest year)Rs 348 Cr
Total income (latest year)Rs 396 Cr
Share capitalRs 26 Cr
ReservesRs 354 Cr
Shareholders' fundsRs 381 Cr
Total assetsRs 1,740 Cr
Net blockRs 40 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 38 Cr
ReceivablesRs 172 Cr
InventoryRs 1 Cr
Other liabilitiesRs 1,249 Cr
Shares outstanding (crore)2.62
Ownership
Promoter holding72.83% (+0.80 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 38.5 is at the 90th percentile of its own 8.4-year range
(median 19.1, low 5.0, high 55.9).
P/B 1.97 is at the 68th percentile (median 1.64).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | EMKAY | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +5.2% | -2.8% | +8.0 pts |
| 1 month | +8.6% | -6.8% | +15.4 pts |
| 3 months | +10.7% | -7.6% | +18.3 pts |
| 6 months | +52.3% | +0.4% | +51.9 pts |
| 1 year | -16.0% | -9.9% | -6.1 pts |
| 2 years | +44.1% | -13.6% | +57.7 pts |
| 3 years | +231.0% | +14.2% | +216.8 pts |
| 5 years | +150.4% | +27.9% | +122.5 pts |
Red flags
F-score 1 of 8| explain | Weak cash conversion Cash from operations was -48% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 83% vs sales +10% in 2026 |
| explain | Debt up, profit down Borrowings up 62% while net profit fell in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹92 Cr +26.0% vs Jun 2025.
Net profit ₹9 Cr +90.6%.
Against our estimate for Jun 2026: sales -21.3%, profit +78.3% in line. Our estimate for Sep 2026: sales Rs 115 Cr, profit Rs 5 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Billionbrains Garage Ventures Ltd | 115,133 | 47.2 | 37.3 % |
| Motilal Oswal Financial Services Ltd | 60,069 | 30.3 | 12.7 % |
| 360 ONE WAM Ltd | 41,983 | 33.3 | 12.1 % |
| Nuvama Wealth Management Ltd | 30,484 | 28.2 | 17.5 % |
| Angel One Ltd | 25,014 | 24.2 | 14.8 % |
| IIFL Capital Services Ltd | 10,878 | 19.1 | 21.1 % |
| Share India Securities Ltd | 4,492 | 12.4 | 18.4 % |
| Anand Rathi Share & Stock Brokers Ltd | 3,156 | 21.4 | 19.8 % |
| Monarch Networth Capital Ltd | 2,714 | 15.0 | 27.6 % |
| Geojit Financial Services Ltd | 2,138 | 27.5 | 9.02 % |
| SMC Global Securities Ltd | 1,948 | 17.9 | 11.4 % |
| 5paisa Capital Ltd | 1,429 | 32.3 | 9.94 % |
| Dolat Algotech Ltd | 1,151 | 8.00 | 16.3 % |
| Dam Capital Advisors Ltd | 1,101 | 15.2 | 35.4 % |
| Systematix Corporate Services Ltd | 1,030 | 8.49 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-03 | Dividend - Rs 1.50 Per Share | |
| 2025-08-04 | Dividend - Rs 1.50 Per Share & Special Dividend Rs 2.50 Per Share | |
| 2024-08-01 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2023-08-03 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2022-07-29 | Annual General Meeting/Dividend - Rs 1.25 Per Share | |
| 2021-07-29 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2020-08-20 | Annual General Meeting | |
| 2019-08-02 | Annual General Meeting/Dividend - Rs 1 Per Share | |
| 2018-08-01 | Annual General Meeting/Final Dividend Rs 1.50 Per Share/Special Dividend Re 0.50 Per Share | |
| 2017-07-28 | Annual General Meeting/Dividend Re 1 Per Share | |
| 2016-07-27 | Annual General Meeting | |
| 2016-03-22 | Interim Dividend - Re 1/- Per Share | |
| 2015-07-30 | Annual General Meeting | |
| 2014-08-01 | Annual General Meeting | |
| 2013-07-22 | Annual General Meeting | |
| 2012-07-24 | Annual General Meeting And Dividend Re.0.50 Per Share | |
| 2011-07-20 | Annual General Meeting And Dividend Re.1/- Per Share | |
| 2010-08-17 | Annual General Meeting And Dividend Re.1/- Per Share | |
| 2009-08-28 | Annual General Meeting | |
| 2008-08-21 | Agm/Dividend - 17.50% | |
| 2007-07-16 | Agm/Dividend-12.5% | |
| 2006-07-07 | Agm/Dividend-10% |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Resignation | Resignation of Director/KMP/SMP |
| 2026-09-30 | Change in Management | Change in Senior Management Personnel |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Emkay Global Financial Services Ltd?
Emkay Global Financial Services Ltd (EMKAY) has a market capitalisation of Rs 788 Cr. at the 2026-10-01 close.
What is the P/E ratio of Emkay Global Financial Services Ltd?
Emkay Global Financial Services Ltd trades at a P/E of 40.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Emkay Global Financial Services Ltd's latest quarterly results?
In the Jun 2026 quarter, Emkay Global Financial Services Ltd sales was Rs 92 Cr (+26.0% vs Jun 2025) and net profit was Rs 9 Cr.
What is the 52-week high and low of Emkay Global Financial Services Ltd?
The 52-week high is Rs 370.90 and the 52-week low is Rs 186.00.