Emkay Global Financial Services Limited (EMKAY) AI Stock Analysis

• Market Cap: ₹6.76B
• Dividend Yield: 0.56%
• Average Volume (3M): 13.47K
• Price to Earnings (P/E): 29.9
• Beta (1Y): 0.45
• Revenue Growth: -19.22%
• EPS Growth: -65.09%
• Country: IN
• Employees: 513
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): 0.18
• Shares Outstanding: 25,632,463
• 10 Day Avg. Volume: 1,542
• 30 Day Avg. Volume: 13,470
• PEG Ratio: 0.13
• Price to Book (P/B): 1.78
• Price to Sales (P/S): 1.51
• P/FCF Ratio: -60.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹310.00 ▲(8.11% Upside)

Emkay Global Financial Services Limited's overall stock score is primarily influenced by its solid financial performance, despite challenges in revenue growth and cash flow management. The technical analysis indicates a bearish trend, and the valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and resilience, allowing the company to withstand market fluctuations and invest in growth opportunities.

Operational Efficiency

Healthy EBIT and EBITDA margins indicate effective cost management and operational efficiency, which can sustain profitability even in challenging market conditions.

Effective Use of Shareholder Funds

Strong return on equity demonstrates the company's ability to generate profits from shareholders' investments, enhancing investor confidence and supporting long-term growth.

Negative Factors

Revenue Growth Challenges

Negative revenue growth indicates potential difficulties in expanding market share or product adoption, which could impact future profitability and market position.

Cash Flow Management Issues

Negative free cash flow growth suggests challenges in generating sufficient cash from operations, which may affect the company's ability to fund growth initiatives or manage debt.

Net Profit Margin Fluctuations

Fluctuating net profit margins can indicate instability in cost control or revenue streams, potentially affecting the company's ability to maintain consistent profitability over time.

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 investment banking, commodities, currency derivatives, and retail broking services. It also provides investment solutions, such as portfolio creation, investment planning, portfolio monitoring, transactional support, MIS and information support, and advisory services; and estate and succession planning. It serves institutional investors, mutual funds, hedge funds, banks, insurance companies, private equity firms, corporate houses, small and medium sized enterprises, and high net worth individuals. The company was formerly known as Emkay Share and Stock Brokers Private Limited and changed its name to Emkay Global Financial Services Limited in June 2008. Emkay Global Financial Services Limited was incorporated in 1995 and is based in Mumbai, India.

How the Company Makes Money

EMKAY generates revenue primarily through brokerage fees earned from trading activities in equities, commodities, and derivatives. The company charges commissions on trades executed by its clients, which constitute a significant portion of its income. Additionally, EMKAY earns revenue from advisory services provided to clients regarding investments and asset management, where fees are charged based on assets under management (AUM) or performance-based metrics. The firm also benefits from interest income generated from margin financing provided to clients, allowing them to leverage their investments. Furthermore, strategic partnerships with financial institutions and technology platforms enhance EMKAY's service offerings and client reach, contributing to its overall revenue growth.

Emkay Global Financial Services Limited Financial Statement Overview

Summary

Emkay Global Financial Services Limited exhibits a solid financial position with strong profitability and efficient operations. However, challenges in revenue growth and cash flow management need to be addressed to maintain long-term financial health. The balance sheet remains a strong point, providing stability and resilience against market fluctuations.

Income Statement

Emkay Global Financial Services Limited shows a mixed performance in its income statement. The company has maintained a strong gross profit margin, indicating effective cost management. However, the net profit margin has seen fluctuations, and the recent revenue growth rate is negative, suggesting potential challenges in revenue generation. The EBIT and EBITDA margins are healthy, reflecting operational efficiency, but the decline in revenue growth is a concern.

Balance Sheet

The balance sheet of Emkay Global is robust, with a low debt-to-equity ratio indicating conservative leverage. The return on equity is strong, showcasing effective use of shareholder funds. The equity ratio is stable, reflecting a solid financial foundation. Overall, the company maintains a healthy balance sheet with manageable debt levels and good equity utilization.

Cash Flow

Cash flow analysis reveals some weaknesses, particularly in free cash flow growth, which has been negative. The operating cash flow to net income ratio is concerning, indicating potential issues in cash generation from operations. However, the free cash flow to net income ratio is strong, suggesting that the company is still able to generate cash relative to its net income. Overall, cash flow management needs improvement to ensure sustainability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.06B	3.17B	2.70B	1.95B	2.56B	1.39B
Gross Profit	920.13M	1.04B	668.71M	512.43M	1.26B	374.62M
EBITDA	660.74M	769.90M	556.69M	240.65M	552.82M	265.98M
Net Income	477.42M	568.31M	324.39M	140.76M	338.04M	111.33M
Balance Sheet
Total Assets	0.00	12.33B	10.65B	7.31B	7.64B	5.65B
Cash, Cash Equivalents and Short-Term Investments	0.00	10.05B	8.07B	4.20B	4.76B	3.36B
Total Debt	0.00	551.45M	417.18M	375.70M	263.32M	253.28M
Total Liabilities	-3.03B	9.30B	8.24B	5.21B	5.63B	3.98B
Stockholders Equity	3.03B	3.03B	2.41B	2.10B	2.01B	1.66B
Cash Flow
Free Cash Flow	0.00	-89.52M	135.22M	-712.57M	549.34M	580.89M
Operating Cash Flow	0.00	-20.90M	221.69M	-634.19M	597.42M	607.72M
Investing Cash Flow	0.00	-101.47M	-62.36M	50.73M	-40.20M	-30.00M
Financing Cash Flow	0.00	108.77M	24.10M	-69.00M	-72.85M	-57.00M

Emkay Global Financial Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 286.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EMKAY, the sentiment is Negative. The current price of 286.75 is above the 20-day moving average (MA) of 270.64, above the 50-day MA of 284.64, and above the 200-day MA of 252.13, indicating a neutral trend. The MACD of -2.55 indicates Negative momentum. The RSI at 38.66 is Neutral, neither overbought nor oversold. The STOCH value of 26.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EMKAY.

Emkay Global Financial Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARROWGREEN	74 Outperform	₹7.34B	14.41	―	0.78%	4.16%	-5.39%
INDBANK	71 Outperform	₹1.61B	24.61	―	―	-18.35%	-43.75%
EMKAY	64 Neutral	₹6.76B	29.86	―	0.56%	-19.22%	-65.09%
DHRUV	63 Neutral	₹830.74M	12.32	―	0.42%	-9.83%	-5.90%
ALANKIT	57 Neutral	₹2.82B	14.94	―	―	19.69%	-33.44%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Emkay Global Financial Services Limited Corporate Events

Emkay Global Announces ₹54 Crore NCD Issuance

Emkay Global Financial Services Limited has announced the issuance of Non-Convertible Debentures (NCDs) totaling ₹54 crore. These senior, unsecured, listed, rated, transferable, and redeemable debentures will be issued on a private placement basis to eligible investors, with a maturity period of two years and a fixed interest rate. The issuance is part of the company’s strategy to strengthen its financial position and enhance its market offerings.

Emkay Global Approves ₹54 Crore NCD Issuance

Emkay Global Financial Services Limited announced the approval of issuing Non-Convertible Debentures (NCDs) worth ₹54 crore. These senior, unsecured, and listed NCDs will be issued on a private placement basis to eligible investors, with a fixed interest rate determined through bidding on the BSE’s Electronic Book Provider platform. The debentures are set to mature in December 2027, with half-yearly interest payments and a bullet repayment at maturity. This strategic move aims to strengthen the company’s financial structure and enhance its market positioning.

Emkay Global to Issue ₹54 Crore NCDs to Boost Financial Position

Emkay Global Financial Services Limited has announced the issuance of Non-Convertible Debentures (NCDs) worth ₹54 crores, approved by its Management Committee. These senior, unsecured, and listed NCDs will be issued on a private placement basis to eligible investors and are set to be listed on the Wholesale Debt Market Segment of BSE Limited. The debentures, rated [ICRA] BBB+ (Positive), have a fixed interest rate with half-yearly interest payments and a bullet repayment at maturity in December 2027. This move is expected to enhance Emkay Global’s financial positioning by leveraging debt markets for capital, potentially impacting its operational capabilities and market competitiveness.

Emkay Global Secures Approval for Convertible Warrants Issuance

Emkay Global Financial Services Limited has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited to issue and allot up to 95,00,000 convertible warrants on a preferential basis. This strategic move is set to raise substantial capital, potentially enhancing the company’s financial position and market competitiveness. The approval is subject to compliance with various regulatory conditions, and the company is advised to strengthen internal controls to ensure adherence to trading regulations, which could impact the listing of the shares.