MarketFriction

SMC Global Securities Ltd

NSE SMCGLOBAL · BSE 543263 · Stockbroking & Allied
₹99.06 +4.85%
NSE close2026-10-01
52 week range54.44 - 107.00
Market cap₹1,948 Cr.
P/E17.9
Price band 20% Delivery 19.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales389428509448451455421425440495517515
Expenses295315371322332344358325356393427408
Operating Profit94113139126119112631008410290107
OPM %24%26%27%28%26%25%15%24%19%21%17%21%
Other Income231212412141
Interest354047515251535651575756
Depreciation988877877775
Profit before tax52678569615663828392947
Tax %23%23%22%23%25%21%33%22%25%21%27%21%
Net Profit40526653464443021312137
EPS in Rs1.892.473.152.532.162.080.181.420.991.461.011.75
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4225266527577809021,1181,2121,6421,7781,8781,967
Expenses3534295165936597068219411,2131,3551,5001,584
Operating Profit7097136163122196297271429423378383
OPM %16%18%21%22%16%22%27%22%26%24%20%19%
Other Income48-0347333667
Interest1829476461435890155207222221
Depreciation779111918202332302827
Profit before tax4968799145143221162244192135143
Tax %30%34%35%18%47%26%21%26%23%24%23%
Net Profit3545527524105175120188147103110
EPS in Rs1.522.032.363.301.044.637.715.738.946.964.875.21
Dividend Payout %20%21%20%15%46%22%16%21%13%17%25%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%16%16%12%
Compounded Profit Growth12%-1%-5%-11%
Stock Price CAGR%19%33%34%
Return on Equity12%14%13%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232323232323232321212142
Reserves5175445725956586597509039121,0751,1961,262
Borrowings681823335237542214944979441,4671,6952,036
Other Liabilities3826136536729169751,1201,5191,4312,1842,0092,404
Total Liabilities9901,3611,5811,8132,3501,8772,3872,9423,3074,7474,9215,744
Fixed Assets22224337356964114130135127122
CWIP0000010110274579
Investments41438813619586117171577099174
Other Assets9271,2961,4501,6412,1201,7202,2072,6573,1104,5134,6505,368
Total Assets9901,3611,5811,8132,3501,8772,3872,9423,3074,7474,9215,744
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-20-8-233-155805-393194-260-19324-73
Cash from Investing Activity-7-66553-47-6-61-31-29-24-35
Cash from Financing Activity89114125150-596211-8523131724110
Net Cash Flow6141-54-2162-18948-6096242
Free Cash Flow-25-37-243-164797-399130-291-222-3-118
CFO/OP2%15%-142%-79%683%-190%83%-81%-35%16%-9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days235278296232379127133139113116136161
Inventory Days
Days Payable
Cash Conversion Cycle235278296232379127133139113116136161
Working Capital Days14354-102-302-306-279-250-280-270-318-173-232
ROCE %13%10%12%13%12%9%17%21%15%18%15%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.37%67.39%67.27%67.27%67.28%67.29%67.30%67.30%67.51%66.77%66.72%66.71%
FIIs1.07%0.92%0.96%1.51%2.42%2.75%2.65%2.55%2.41%2.94%2.40%2.14%
DIIs0.00%0.00%0.00%0.00%0.00%0.01%0.02%0.03%0.05%0.04%0.01%0.00%
Public31.56%31.70%31.76%31.22%30.28%29.95%30.02%30.11%30.03%30.25%30.88%31.14%
No. of Shareholders16,02620,44124,36126,19928,11629,34329,14627,56226,63026,03125,25025,147

Fundamentals

Market Cap₹ 1,948 Cr.
Current Price₹ 93.0
Stock P/E17.9
Book Value₹ 62.3
ROCE11.4 %
ROE8.07 %
Dividend Yield1.29 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-11%
Consolidated figures.
Valuation
Market capRs 2,074 Cr
Enterprise valueRs 1,369 Cr
P/E (TTM)19.06x
Price to book1.59x
Price to sales1.05x
EV / EBITDA3.50x
EV / EBIT3.76x
EV / sales0.70x
Earnings yield5.25%
Dividend yield1.21%
P/E, 3-year average6.22x
P/B, 3-year average0.65x
P/E, 5-year average4.86x
P/B, 5-year average0.56x
Profitability
Operating margin (excl. other income)20.13%
Operating margin (incl. other income)20.45%
EBITDA margin19.85%
Pre-tax margin7.26%
Net profit margin5.53%
Net margin, latest quarter7.10%
ROE8.09%
ROCE11.39%
ROA1.91%
ROE, 3-year average13.05%
ROCE, 3-year average14.66%
ROA, 3-year average3.19%
ROE, 5-year average14.52%
ROCE, 5-year average16.01%
ROA, 5-year average3.99%
ROIC (approx.)46.66%
Tax rate23.26%
Other income / net worth0.46%
Growth
Sales growth (latest year)5.62%
Profit growth (latest year)-29.98%
Sales CAGR, 3 years15.71%
Sales CAGR, 5 years15.80%
Profit CAGR, 3 years-5.28%
Profit CAGR, 5 years-0.55%
Sales growth QoQ-0.36%
Profit growth QoQ73.48%
Sales growth YoY (latest quarter)21.22%
Profit growth YoY (latest quarter)22.97%
Per share
EPS (TTM)Rs 5.20
EPS (latest year)Rs 4.87
EPS (latest quarter)Rs 1.75
EPS, 3-year averageRs 12.22
EPS, 5-year averageRs 12.71
Book value per shareRs 62.27
Sales per shareRs 93.94
Cash flow per shareRs -3.48
Free cash flow per shareRs -5.64
Dividend per share (latest year)Rs 1.20
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.16
Dividends
Dividend payout24.63%
Dividend payout, 3-year average18.43%
Dividend payout, 5-year average18.36%
Efficiency
Asset turnover0.33x
Fixed asset turnover15.40x
Inventory turnover217.32x
Inventory days2 days
Debtor days161 days
Debtors turnover2.27x
Cash conversion cycle161 days
Working capital days-232 days
Leverage
Total debtRs 2,036 Cr
Cash and bankRs 2,741 Cr
Net debtRs -706 Cr
Debt to equity1.56x
Net debt / EBITDA-1.81x
Interest coverage1.65x
Owners' fund to total sources22.70%
Debt to assets35.44%
Cash flow
Cash from Operating Activity (latest year)Rs -73 Cr
Cash from Investing Activity (latest year)Rs -35 Cr
Cash from Financing Activity (latest year)Rs 110 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -118 Cr
FCFE (approx.: FCF + change in debt)Rs 223 Cr
Cash from ops / profit, 5 years-0.42x
Statement figures
Net sales (TTM)Rs 1,967 Cr
Net sales (latest year)Rs 1,878 Cr
Sales (latest quarter)Rs 515 Cr
Operating profit excl. other income (latest year)Rs 378 Cr
Operating profit (latest quarter)Rs 107 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 391 Cr
PBDT (TTM)Rs 170 Cr
Profit before tax (TTM)Rs 143 Cr
Tax (latest year)Rs 31 Cr
Net profit (TTM)Rs 109 Cr
Net profit (latest year)Rs 102 Cr
Net profit (latest quarter)Rs 37 Cr
Depreciation (TTM)Rs 27 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 221 Cr
Cost of goods sold (latest year)Rs 1,006 Cr
Total expenditure (latest year)Rs 1,500 Cr
Total income (latest year)Rs 1,884 Cr
Share capitalRs 42 Cr
ReservesRs 1,262 Cr
Shareholders' fundsRs 1,304 Cr
Total assetsRs 5,744 Cr
Net blockRs 122 Cr
Capital work in progressRs 79 Cr
InvestmentsRs 174 Cr
ReceivablesRs 827 Cr
InventoryRs 5 Cr
Other liabilitiesRs 2,404 Cr
Shares outstanding (crore)20.94
Ownership
Promoter holding66.71% (-0.59 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 19.1 is at the 91th percentile of its own 5.8-year range (median 8.4, low 4.3, high 46.6).
P/B 1.59 is at the 94th percentile (median 1.10).
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.
PeriodSMCGLOBALNifty 50Difference
1 week+16.4%-2.8% +19.2 pts
1 month+24.4%-6.8% +31.2 pts
3 months+42.7%-7.6% +50.3 pts
6 months+78.2%+0.4% +77.8 pts
1 year+40.4%-9.9% +50.3 pts
2 years+20.5%-13.6% +34.1 pts
3 years+152.9%+14.2% +138.7 pts
5 years+160.0%+27.9% +132.1 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -56% of net profit over the last 3 years
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 2026
Sales ₹515 Cr +21.2% vs Jun 2025. Net profit ₹37 Cr +23.3%.

Activity

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DateClientSideQtyPrice
2026-09-29Qe Securities LlpSELL1,339,79196.17
2026-09-29Qe Securities LlpBUY1,322,59495.93
2026-09-29Arihant Capital Markets LimitedSELL1,971,85398.26
2026-09-29Arihant Capital Markets LimitedBUY1,971,85398.11
2026-09-29Alphagrep Securities Private LimitedSELL1,659,02897.09
2026-09-29Alphagrep Securities Private LimitedBUY1,659,02897.09
Ex-dateActionFactor
2026-06-15Dividend - Re 0.60 Per Share
2026-02-06Interim Dividend - Re 0.60 Per Share
2025-11-14Bonus 1:10.5000
2025-06-13Dividend - Rs 1.20 Per Share
2025-02-05Interim Dividend - Rs 1.20 Per Share
2024-06-07Dividend - Rs 1.2 Per Share
2024-06-07Annual General Meeting
2024-02-13Interim Dividend - Rs 1.20 Per Share
2023-06-16Dividend - Rs 1.20 Per Share
2023-06-16Annual General Meeting
2022-11-14Interim Dividend - Rs 1.20 Per Share
2022-06-09Dividend - Rs 1.20 Per Share
2021-11-15 Interim Dividend - Rs 1.20 Per Share
2021-07-15 Dividend - Re 0.80 Per Share
DateTypeWhat it says
2026-10-01AcquisitionAcquisition
2026-09-28UpdatesSMC Global Securities Limited has informed the Exchange regarding Prospectus For NCD Issuance - SMC Global Securities Limited..
2026-09-28Issue of SecuritiesIssue of Securities
2026-09-28Committee Meeting UpdatesOutcome of Committee Meeting held on September 28, 2026.
2026-09-24AcquisitionAcquisition
2026-09-16UpdatesDraft Prospectus For NCD Issuance - SMC Global Securities Limited.
2026-09-16Issue of SecuritiesIssue of Securities
2026-09-15Committee Meeting UpdatesOutcome of Committee Meeting held on September 15, 2026.
2026-09-12Regulatory actionAction(s) initiated or orders passed
2026-07-31Concall / analyst meetTranscript
2026-07-27Concall / analyst meetLink of Recording
2026-07-27Concall / analyst meetPresentation
2026-07-26ResignationResignation of Mr Mr. Nikhil Mehta as Other of the company w.e.f. May 30, 2026.
2026-07-26ResignationResignation of Director/KMP/SMP
2026-07-26General UpdatesGeneral Updates
2026-07-26General UpdatesGeneral Updates
2026-07-26Issue of SecuritiesIssue of Securities
2026-07-26Board meeting outcomeOutcome of Board Meeting held on July 26, 2026.
2026-07-26Board meeting outcomeSmc Global Securities Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20Concall / analyst meetSchedule of meet
2026-06-29General UpdatesGeneral Updates
2026-06-29Shareholder meetingVoting results.
2026-06-26Shareholder meetingProceedings of Annual General Meeting held on Jun 26, 2026
2026-06-12Concall / analyst meetSchedule of meet
2026-06-04Shareholder meetingNotice of Annual General Meeting to be held on Jun 26, 2026
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.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03