EMKAY

Emkay Global Financial Services Limited

Diversified capital markets and wealth management services provider

Financial Services›Financial Services›Capital Markets›Stockbroking & Allied

emkayglobal.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹277.20
Market cap
758 Cr
Stock P/E
38.8
P/B
1.91
Dividend yield
1.4%
ROE (FY26)
4.0%
ROCE (FY26)
7.1%
Operating margin (FY26)
3.9%
Debt / equity (FY26)
0.27

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Emkay Global (Emkay Global Financial Services) is a Mumbai-based capital-markets group that offers broking, investment banking, wealth management and portfolio management (PMS) and alternative investment fund (AIF) products to institutions and wealthy individuals.

Company snapshot

19thBy market cap

Ranked among 31 companies in Stockbroking & Allied.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 106.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Advisory, Transactional & Other Related Activities
106.0%
279 Cr53 Cr—
Financing and Investment Activities
2.7%
7 Cr6 Cr—

Shares add up to 109% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.27x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr3 Cr2 Cr2 Cr4 Cr5 Cr6 Cr
Other income8 Cr8 Cr9 Cr7 Cr7 Cr7 Cr6 Cr5 Cr5 Cr5 Cr5 Cr5 Cr
Net operating income9 Cr10 Cr10 Cr9 Cr8 Cr10 Cr8 Cr7 Cr7 Cr9 Cr10 Cr10 Cr
Employee cost37 Cr37 Cr47 Cr41 Cr49 Cr38 Cr43 Cr43 Cr42 Cr50 Cr54 Cr52 Cr
Other expenses18 Cr19 Cr20 Cr19 Cr21 Cr20 Cr20 Cr17 Cr21 Cr21 Cr23 Cr20 Cr
Provisions & contingencies————————————
Depreciation2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr3 Cr
Profit before tax12 Cr15 Cr17 Cr17 Cr32 Cr11 Cr1 Cr5 Cr0.48 Cr6 Cr10 Cr10 Cr
Tax %19.4%16.5%37.0%18.5%17.8%22.6%-732.2%8.6%4.1%28.1%41.2%7.3%
Net profit9 Cr12 Cr11 Cr14 Cr26 Cr9 Cr8 Cr5 Cr0.46 Cr4 Cr6 Cr9 Cr
EPS (₹)₹3.76₹4.98₹4.29₹5.63₹10.49₹3.45₹3.40₹1.88₹0.18₹1.68₹2.20₹3.39

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income———5 Cr5 Cr5 Cr6 Cr6 Cr10 Cr14 CrSign in free for the trailing twelve months
Other income4 Cr1 Cr1 Cr2 Cr3 Cr3 Cr12 Cr33 Cr25 Cr19 CrSign in free for the trailing twelve months
Net operating income4 Cr1 Cr1 Cr7 Cr8 Cr8 Cr18 Cr39 Cr35 Cr33 CrSign in free for the trailing twelve months
Employee cost48 Cr63 Cr68 Cr75 Cr87 Cr110 Cr115 Cr151 Cr171 Cr189 CrSign in free for the trailing twelve months
Other expenses37 Cr50 Cr57 Cr37 Cr28 Cr83 Cr47 Cr73 Cr81 Cr83 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation4 Cr5 Cr5 Cr8 Cr8 Cr8 Cr9 Cr10 Cr12 Cr13 CrSign in free for the trailing twelve months
Profit before tax16 Cr36 Cr—-17 Cr17 Cr45 Cr13 Cr45 Cr61 Cr21 CrSign in free for the trailing twelve months
Tax %25.8%21.6%—28.0%33.2%24.9%-11.8%27.5%6.3%28.7%Sign in free for the trailing twelve months
Net profit12 Cr29 Cr14 Cr-13 Cr11 Cr34 Cr14 Cr32 Cr57 Cr15 CrSign in free for the trailing twelve months
EPS (₹)₹4.99₹11.68₹5.89₹-5.12₹4.52₹13.76₹5.76₹13.16₹22.80₹5.92Sign in free for the trailing twelve months
Dividend payout %————0.0%7.3%21.9%7.6%6.5%67.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr26 Cr
Reserves111 Cr137 Cr146 Cr128 Cr142 Cr176 Cr186 Cr216 Cr278 Cr354 Cr
Borrowings49 Cr34 Cr—10 Cr12 Cr44 Cr33 Cr43 Cr59 Cr102 Cr
Other liabilities116 Cr169 Cr155 Cr218 Cr387 Cr520 Cr488 Cr782 Cr871 Cr1,258 Cr
Total liabilities299 Cr365 Cr325 Cr381 Cr565 Cr764 Cr731 Cr1,065 Cr1,233 Cr1,740 Cr
Fixed assets (net)34 Cr32 Cr31 Cr30 Cr29 Cr28 Cr30 Cr32 Cr32 Cr31 Cr
CWIP0.29 Cr0.05 Cr—0.27 Cr0.12 Cr2 Cr0 Cr0 Cr0.25 Cr0.32 Cr
Investments26 Cr36 Cr31 Cr16 Cr29 Cr34 Cr24 Cr26 Cr32 Cr38 Cr
Loans & advances———19 Cr28 Cr40 Cr51 Cr40 Cr18 Cr39 Cr
Inventories3 Cr0.25 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables65 Cr89 Cr59 Cr53 Cr67 Cr89 Cr105 Cr125 Cr94 Cr172 Cr
Cash & bank115 Cr141 Cr136 Cr99 Cr149 Cr95 Cr29 Cr48 Cr46 Cr47 Cr
Other assets55 Cr66 Cr68 Cr163 Cr263 Cr477 Cr491 Cr794 Cr1,011 Cr1,411 Cr
Total assets299 Cr365 Cr325 Cr381 Cr565 Cr764 Cr731 Cr1,065 Cr1,233 Cr1,740 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-22 Cr30 Cr16 Cr96 Cr61 Cr59 Cr-63 Cr22 Cr-2 Cr-72 Cr
Cash from investing-15 Cr-8 Cr4 Cr-1 Cr-3 Cr-3 Cr5 Cr-6 Cr-10 Cr-13 Cr
Cash from financing35 Cr-20 Cr-21 Cr-26 Cr-6 Cr-7 Cr-7 Cr2 Cr11 Cr86 Cr
Net cash flow-3 Cr2 Cr-1 Cr68 Cr52 Cr48 Cr-65 Cr18 Cr-1 Cr1 Cr
Free cash flow (OCF − Capex)-28 Cr28 Cr13 Cr91 Cr58 Cr54 Cr-71 Cr14 Cr-9 Cr-80 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.7%20.1%12.7%-6.5%12.3%19.7%6.9%17.5%18.7%7.1%
ROE %9.0%17.7%8.5%-8.2%6.7%16.8%6.7%13.5%18.7%4.0%
Debtor days225207144146150119189162102166
Inventory days10100000000
Days payable236227————————
Cash conversion cycle-1-18144146150119189162102166
Debt / equity0.360.210.00130.060.070.220.160.180.190.27
Current ratio1.421.411.65———————
Net debt / EBITDA-3.32—-5.46—-4.94-0.940.26-0.200.231.92