SMC Global Securities Ltd. (India) (SMCGLOBAL) AI Stock Analysis

• Market Cap: ₹14.38B
• Dividend Yield: 1.7%
• Average Volume (3M): 8.78K
• Price to Earnings (P/E): 11.7
• Beta (1Y): 0.85
• Revenue Growth: -1.20%
• EPS Growth: -41.78%
• Country: IN
• Employees: 2,767
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 2.84
• Shares Outstanding: 104,700,000
• 10 Day Avg. Volume: 3,491
• 30 Day Avg. Volume: 8,776
• PEG Ratio: -0.35
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.63
• P/FCF Ratio: -2.51
• 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: ₹156.00
• Price Target Upside: 10.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ₹156.00 ▲(10.64% Upside)

The overall stock score of 71 reflects strong financial performance and attractive valuation, offset by weak technical indicators. The company's robust revenue growth and stable balance sheet are significant strengths, but challenges in cash flow management and bearish market momentum are notable risks.

SMC Global Securities Ltd. (India) Business Overview & Revenue Model

Company Description

SMC Global Securities Ltd. (SMCGLOBAL) is a diversified financial services company in India, offering a wide range of products and services in the sectors of brokerage, investment banking, wealth management, and financial advisory. The company's core services include stock and commodities trading, investment advisory, portfolio management, and insurance broking. With a robust presence across India, SMC Global Securities caters to a diverse client base, including retail investors, corporate entities, and high-net-worth individuals.

How the Company Makes Money

SMC Global Securities Ltd. generates revenue through multiple streams within the financial services sector. The primary source of income is brokerage fees from trading activities in equities, commodities, and currency markets conducted by retail and institutional clients. Additionally, the company earns fees from investment banking services, including underwriting and advisory services for mergers and acquisitions. Wealth management and portfolio management services contribute to revenue through management and advisory fees. SMC Global also earns commissions from distributing financial products like mutual funds and insurance policies. The company's earnings are supported by strategic partnerships with financial institutions and technology providers, enhancing its service offerings and operational efficiency.

SMC Global Securities Ltd. (India) Financial Statement Overview

Summary

SMC Global Securities Ltd. demonstrates strong revenue growth and operational efficiency, as evidenced by solid EBIT and EBITDA margins. While the balance sheet is stable, cash flow management is a concern due to negative free cash flow and operational deficits, which could impact long-term liquidity.

Income Statement

The income statement shows strong revenue growth, with a consistent increase in total revenue from 2020 to 2025. The gross profit margin has been healthy, indicating efficient cost management. However, net profit margin has seen fluctuations, with a recent decline due to increased expenses impacting net income. The EBIT and EBITDA margins are solid, showcasing good operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with increasing total assets and stockholders' equity over the years. The debt-to-equity ratio remains moderate, suggesting balanced leverage. However, there is a concern with the relatively high total liabilities. The equity ratio is decent, indicating a solid equity base.

Cash Flow

Cash flow analysis reveals challenges, with negative free cash flow in recent periods largely due to high capital expenditures and operating cash flow deficits. The operating cash flow to net income ratio is negative, highlighting potential liquidity management issues. While there have been periods of cash flow growth, sustainability remains a concern.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.31B	17.86B	14.20B	12.19B	9.78B	8.10B
Gross Profit	6.53B	2.89B	3.45B	5.73B	2.29B	1.84B
EBITDA	4.12B	2.42B	3.78B	2.41B	2.74B	1.81B
Net Income	2.08B	1.46B	1.87B	1.20B	1.74B	1.05B
Balance Sheet
Total Assets	0.00	49.21B	47.47B	33.07B	29.42B	23.87B
Cash, Cash Equivalents and Short-Term Investments	0.00	19.76B	25.63B	14.48B	922.46M	9.77B
Total Debt	0.00	16.95B	14.67B	9.61B	4.97B	4.92B
Total Liabilities	-11.84B	37.01B	36.49B	23.72B	20.15B	16.13B
Stockholders Equity	11.84B	12.17B	10.96B	9.33B	9.26B	7.73B
Cash Flow
Free Cash Flow	0.00	-4.47B	-2.23B	447.81M	1.30B	-4.02B
Operating Cash Flow	0.00	-4.18B	-1.93B	771.48M	1.94B	-3.90B
Investing Cash Flow	0.00	-1.99B	-286.65M	-3.34B	-625.01M	-115.96M
Financing Cash Flow	0.00	1.86B	4.63B	3.17B	-845.33M	2.14B

SMC Global Securities Ltd. (India) Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 141.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SMCGLOBAL, the sentiment is Neutral. The current price of 141 is below the 20-day moving average (MA) of 145.20, below the 50-day MA of 143.70, and above the 200-day MA of 129.31, indicating a neutral trend. The MACD of -2.31 indicates Positive momentum. The RSI at 40.80 is Neutral, neither overbought nor oversold. The STOCH value of 13.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SMCGLOBAL.

SMC Global Securities Ltd. (India) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMCGLOBAL	71 Outperform	₹14.38B	11.74		1.70%	-1.20%	-41.78%
Sector *	69 Neutral	CHF15.52B	15.81	13.20%	3.77%	0.77%	28.86%
BIRLAMONEY	69 Neutral	₹9.61B	13.15		―	4.68%	22.23%
SUNDARMHLD	69 Neutral	$15.79B	―		1.30%	-46.15%	-22.72%
CSLFINANCE	68 Neutral	₹7.02B	9.73		0.85%	21.83%	7.14%

SMC Global Securities Ltd. (India) Corporate Events

SMC Global Securities Releases Q1 FY26 Earnings Presentation

SMC Global Securities Ltd. has released its earnings presentation for the first quarter of the fiscal year 2026, ending on June 30, 2025. This announcement is part of their compliance with SEBI Listing Regulations and is aimed at providing stakeholders with insights into the company’s financial performance for the quarter. The presentation is available on the company’s website, reflecting their commitment to transparency and communication with investors.

SMC Global Securities Releases Q1 FY26 Earnings Presentation

SMC Global Securities Ltd. has released its earnings presentation for the first quarter of the fiscal year 2026, ending on June 30, 2025. This announcement, in compliance with SEBI regulations, provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

SMC Global Securities Ltd. Reports Full Utilization of NCD Proceeds

SMC Global Securities Ltd. announced the issuance of Non-Convertible Debentures (NCDs), which were listed on BSE Limited. The company confirmed that the funds raised, amounting to approximately 120.3 crore INR, have been fully utilized as intended, with no deviations or variations in their use. This move is in line with SEBI regulations, ensuring transparency and adherence to disclosure requirements, which could reinforce investor confidence and support the company’s financial strategies.