Emkay Global Financial Services Limited (IN:EMKAY)
:EMKAY
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Emkay Global Financial Services Limited
(EMKAY)
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Rating:60Neutral
Price Target:
₹256.00
▼(-10.72% Downside)
Action:ReiteratedDate:04/09/26
The score is supported primarily by solid financial performance (especially balance-sheet strength and operating margins), but is pulled down by weak technicals (downtrend and negative momentum) and an expensive valuation (high P/E with low dividend yield).
Positive Factors
Balance Sheet Strength
Low leverage and a stable equity ratio provide lasting financial flexibility for a capital-markets firm. Conservatively financed balance sheets reduce refinancing and regulatory risk, support underwriting capacity, and allow management to invest in business development or absorb market stress without eroding capital.
Negative Factors
Declining Revenue
A substantial revenue decline reduces scale and weakens competitive position in relationship-driven capital markets. Persisting top-line contraction constrains ability to invest in research and distribution, pressures per-client economics, and can erode market share absent structural business fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Low leverage and a stable equity ratio provide lasting financial flexibility for a capital-markets firm. Conservatively financed balance sheets reduce refinancing and regulatory risk, support underwriting capacity, and allow management to invest in business development or absorb market stress without eroding capital.
Read all positive factors
Emkay Global Financial Services Limited (EMKAY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.84B
Dividend Yield0.56%
Average Volume (3M)13.47K
Price to Earnings (P/E)42.7
Beta (1Y)0.55
Revenue Growth-16.11%
EPS Growth-70.25%
CountryIN
Employees513
SectorServices
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)1.66
Shares Outstanding26,189,062
10 Day Avg. Volume1,542
30 Day Avg. Volume13,470
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.78
Price to Sales (P/S)1.70
P/FCF Ratio-60.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Emkay Global Financial Services Limited Business Overview & Revenue Model
Company Description
Emkay Global Financial Services Limited, through its subsidiaries, provides stock broking, investment banking, portfolio management, and wealth management services in India. The company offers institutional equities, private wealth management and ...
How the Company Makes Money
null...
Emkay Global Financial Services Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.73B | 3.17B | 2.70B | 1.95B | 2.56B | 1.39B |
| Gross Profit | 670.14M | 1.04B | 668.71M | 512.43M | 1.26B | 374.62M |
| EBITDA | 365.93M | 769.90M | 556.69M | 240.65M | 552.82M | 265.98M |
| Net Income | 222.94M | 568.31M | 324.39M | 140.76M | 338.04M | 111.33M |
Balance Sheet | ||||||
| Total Assets | 15.42B | 12.33B | 10.65B | 7.31B | 7.64B | 5.65B |
| Cash, Cash Equivalents and Short-Term Investments | 7.33B | 10.05B | 8.07B | 4.20B | 4.76B | 3.36B |
| Total Debt | 706.48M | 551.45M | 417.18M | 375.70M | 263.32M | 253.28M |
| Total Liabilities | 12.40B | 9.30B | 8.24B | 5.21B | 5.63B | 3.98B |
| Stockholders Equity | 3.02B | 3.03B | 2.41B | 2.10B | 2.01B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | -220.73M | -89.52M | 135.22M | -712.57M | 549.34M | 580.89M |
| Operating Cash Flow | -175.44M | -20.90M | 221.69M | -634.19M | 597.42M | 607.72M |
| Investing Cash Flow | -80.15M | -101.47M | -62.36M | 50.73M | -40.20M | -30.00M |
| Financing Cash Flow | -76.21M | 108.77M | 24.10M | -69.00M | -72.85M | -57.00M |
Emkay Global Financial Services Limited Technical Analysis
Positive
286.75
Price Trends
226.74
Positive
252.57
Negative
259.32
Negative
Market Momentum
0.93
Negative
62.08
Neutral
79.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EMKAY, the sentiment is Positive. The current price of 286.75 is above the 20-day moving average (MA) of 213.79, above the 50-day MA of 226.74, and above the 200-day MA of 259.32, indicating a neutral trend. The MACD of 0.93 indicates Negative momentum. The RSI at 62.08 is Neutral, neither overbought nor oversold. The STOCH value of 79.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:EMKAY.
Emkay Global Financial Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹8.05B | 14.33 | ― | 0.78% | -8.73% | -16.84% | |
65 Neutral | ₹1.53B | 27.05 | ― | ― | -6.18% | -16.00% | |
60 Neutral | ₹5.84B | 42.74 | ― | 0.56% | -16.11% | -70.25% | |
58 Neutral | ₹2.49B | 9.79 | ― | ― | 11.01% | -9.91% | |
56 Neutral | ₹700.81M | -0.73 | ― | 0.42% | -37.23% | -545.59% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:EMKAY
Emkay Global Financial Services Limited
223.00
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11.76%
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Emkay Global Financial Services Limited Corporate Events
Emkay Global Posts Higher Q3 Revenue but Lower Profit Year-on-Year
Jan 28, 2026
Emkay Global Financial Services Limited has published its consolidated unaudited financial results for the quarter and nine months ended 31 December 2025, reporting a rise in quarterly total income from operations to ₹8,707.65 lakh compared ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.