SMC Global Securities Ltd. (India) (IN:SMCGLOBAL)
:SMCGLOBAL
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SMC Global Securities Ltd. (India)
(SMCGLOBAL)
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Rating:58Neutral
Price Target:
₹68.00
▼(-25.78% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily held back by volatile cash generation and increased leverage on the balance sheet, despite strong recent revenue growth. Technicals are neutral-to-soft versus key moving averages, while valuation (P/E ~13.76 and ~1.82% yield) provides partial support.
Positive Factors
Revenue Growth
Sustained top-line momentum and a ~27% FY2026 jump support durable fee income in a broking business. Persistent revenue expansion improves ability to invest in platform, absorb volatile trading volumes, and underpin long-term earnings potential even if margins fluctuate.
Negative Factors
Increased Leverage
Material balance-sheet leverage increases financial risk and reduces flexibility to withstand trading downturns or tighter funding conditions. Higher debt raises interest and rollover exposure, constraining capital allocation and making results more sensitive to market stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line momentum and a ~27% FY2026 jump support durable fee income in a broking business. Persistent revenue expansion improves ability to invest in platform, absorb volatile trading volumes, and underpin long-term earnings potential even if margins fluctuate.
Read all positive factors
SMC Global Securities Ltd. (India) (SMCGLOBAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.16B
Dividend Yield0.7%
Average Volume (3M)5.64K
Price to Earnings (P/E)13.8
Beta (1Y)1.14
Revenue Growth5.45%
EPS Growth-29.94%
CountryIN
Employees2,767
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)9.34
Shares Outstanding209,400,000
10 Day Avg. Volume4,652
30 Day Avg. Volume5,641
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.89
Price to Sales (P/S)0.62
P/FCF Ratio2.47
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
SMC Global Securities Ltd. (India) Business Overview & Revenue Model
Company Description
SMC Global Securities Limited, together with its subsidiaries, provides various financial services in India and internationally. The company operates through three segments: Broking, Distribution, and Trading; Insurance Broking Services; and Finan...
How the Company Makes Money
SMC Global Securities Ltd. primarily makes money by earning fees and commissions linked to client activity in capital markets. Key revenue streams typically include: (1) Brokerage and transaction income: commissions/fees charged for executing clie...
SMC Global Securities Ltd. (India) Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.84B | 18.83B | 14.95B | 14.26B | 10.73B | 9.91B |
| Gross Profit | 2.92B | 6.38B | 2.89B | 3.52B | 2.48B | 2.62B |
| EBITDA | 3.11B | 1.63B | 4.19B | 4.22B | 2.65B | 2.93B |
| Net Income | 977.75M | 1.02B | 1.46B | 1.87B | 1.20B | 1.74B |
Balance Sheet | ||||||
| Total Assets | 52.42B | 57.44B | 49.21B | 47.48B | 33.07B | 29.42B |
| Cash, Cash Equivalents and Short-Term Investments | 23.04B | 27.41B | 24.02B | 25.36B | 9.96B | 8.05B |
| Total Debt | 19.97B | 20.36B | 16.95B | 14.67B | 9.44B | 4.97B |
| Total Liabilities | 39.82B | 44.38B | 37.01B | 36.50B | 23.72B | 20.15B |
| Stockholders Equity | 12.58B | 13.04B | 12.17B | 10.96B | 9.33B | 9.26B |
Cash Flow | ||||||
| Free Cash Flow | -2.27B | 4.72B | -4.47B | -2.23B | 447.81M | 1.30B |
| Operating Cash Flow | -2.12B | 5.17B | 235.37M | -1.93B | 771.48M | 1.94B |
| Investing Cash Flow | -145.68M | 448.51M | -1.99B | -286.65M | -310.07M | -625.01M |
| Financing Cash Flow | 1.87B | 2.82B | 1.86B | 3.16B | 2.31B | -292.16M |
SMC Global Securities Ltd. (India) Technical Analysis
Negative
91.62
Price Trends
64.90
Negative
73.42
Negative
70.89
Negative
Market Momentum
-0.72
Positive
44.00
Neutral
31.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SMCGLOBAL, the sentiment is Negative. The current price of 91.62 is above the 20-day moving average (MA) of 65.06, above the 50-day MA of 64.90, and above the 200-day MA of 70.89, indicating a bearish trend. The MACD of -0.72 indicates Positive momentum. The RSI at 44.00 is Neutral, neither overbought nor oversold. The STOCH value of 31.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SMCGLOBAL.
SMC Global Securities Ltd. (India) Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹5.14B | 8.12 | ― | 0.93% | 18.27% | 19.34% | |
61 Neutral | ₹17.28B | 8.75 | ― | ― | 16.07% | 32.15% | |
59 Neutral | ₹7.54B | 7.31 | ― | ― | 2.33% | -21.22% | |
58 Neutral | ₹13.16B | 13.76 | ― | 0.70% | 5.45% | -29.94% | |
50 Neutral | ₹14.43B | 10.79 | ― | 2.64% | 0.44% | 68.14% |
* Financial Sector Average
IN:SMCGLOBAL
SMC Global Securities Ltd. (India)
62.60
5.40
9.45%
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134.85
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225.00
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IN:ESAFSFB
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27.90
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IN:SURYODAY
Suryoday Small Finance Bank Limited
162.65
36.30
28.73%
SMC Global Securities Ltd. (India) Corporate Events
SMC Global Securities Releases Q4 FY26 Investor Presentation
May 3, 2026
SMC Global Securities Ltd. notified the stock exchanges that it has released its investor presentation for the fourth quarter of the financial year 2025-26 in compliance with SEBI’s disclosure regulations. The presentation, made available on...
SMC Global Securities Releases Q4 FY26 Investor Presentation
May 3, 2026
SMC Global Securities Ltd. has released its investor presentation for the fourth quarter of financial year 2025-26, in compliance with SEBI’s disclosure regulations. The presentation, made available to stock exchanges and on the company̵...
SMC Global Securities Publishes FY 2026 Audited Results and Newspaper Notices
May 3, 2026
SMC Global Securities Ltd. has published audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, and has advertised these results in leading Hindi and English newspapers. The company has also ...
SMC Global Securities Revamps Disclosure Authority, Names New CFO from July 2026
May 2, 2026
SMC Global Securities has updated its governance framework for stock exchange disclosures by authorizing key managerial personnel to assess the materiality of events under SEBI Listing Regulations. The board has empowered Director and CEO Ajay Gar...
SMC Global Securities to Appoint New CFO as Veteran Finance Chief Retires
May 2, 2026
SMC Global Securities has announced a planned change in its finance leadership, with the Board approving the appointment of Rohit Nayyar as Chief Financial Officer, Key Managerial Personnel and Senior Management Personnel effective 1 July 2026. Th...
SMC Global Securities Gets Clean Audit Opinion on FY26 Results
May 2, 2026
SMC Global Securities Ltd. has announced that its statutory auditor, M/s P C Bindal Co, has issued an unmodified opinion on the company’s standalone and consolidated financial results for the quarter and year ended 31 March 2026. The clean ...
SMC Global Securities Appoints New Internal Auditor for FY 2026-27
May 2, 2026
SMC Global Securities Ltd. has appointed M/s Aadit Sanyam Associates, Chartered Accountants, as the company’s Internal Auditor for the financial year 2026-27, following approval by the Board of Directors at its meeting on 2 May 2026. The ap...
SMC Global Securities Closes Trading Window Ahead of FY26 Results
Mar 24, 2026
SMC Global Securities Ltd. has announced the closure of its trading window for designated persons and their immediate relatives from 1 April 2026 until 48 hours after the announcement of its audited standalone and consolidated financial results fo...
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.