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

• Market Cap: ₹13.23B
• Dividend Yield: 0.7%
• Average Volume (3M): 5.64K
• Price to Earnings (P/E): 15.6
• Beta (1Y): 1.23
• Revenue Growth: -5.03%
• EPS Growth: -54.73%
• Country: IN
• Employees: 2,767
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.46
• Shares Outstanding: 209,400,000
• 10 Day Avg. Volume: 4,652
• 30 Day Avg. Volume: 5,641
• PEG Ratio: -0.17
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.38
• P/FCF Ratio: -1.26
• 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: 66 Neutral
• Price Target: ₹60.00 ▼(-34.51% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is primarily supported by solid financial performance (growth and operating margins, with a stable balance sheet), but is materially weighed down by weak cash flow quality and clear bearish technical signals (below key DMAs and negative MACD). Valuation appears reasonable and the dividend yield provides modest support.

Positive Factors

Solid EBIT / EBITDA margins

Consistently strong EBIT and EBITDA margins indicate durable operational efficiency in the brokerage business. High operating margins provide a buffer against volatile trading volumes, support reinvestment in platform capabilities, and help sustain profitability through market cycles.

Negative Factors

Negative free cash flow

Persistent negative free cash flow and operating cash flow shortfalls signal structural liquidity stress. The company may need external funding or draw on reserves to finance capex and client-credit activities, limiting strategic flexibility and increasing financing costs over the medium term.

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...

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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 through fees and commissions tied to its brokerage and investment-services activities. Key revenue streams typically include: (1) Brokerage income: commissions/fees earned from executing client trad...

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SMC Global Securities Ltd. primarily makes money through fees and commissions tied to its brokerage and investment-services activities. Key revenue streams typically include: (1) Brokerage income: commissions/fees earned from executing client trad...

SMC Global Securities Ltd. (India) Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	14.84B	14.95B	14.26B	10.73B	9.91B	8.23B
Gross Profit	2.92B	2.89B	3.52B	2.48B	2.62B	2.08B
EBITDA	3.11B	4.19B	4.22B	2.65B	2.93B	1.98B
Net Income	977.75M	1.46B	1.87B	1.20B	1.74B	1.05B
Balance Sheet
Total Assets	52.42B	49.21B	47.48B	33.07B	29.42B	23.87B
Cash, Cash Equivalents and Short-Term Investments	23.04B	24.02B	25.36B	9.96B	8.05B	10.97B
Total Debt	19.97B	16.95B	14.67B	9.44B	4.97B	4.92B
Total Liabilities	39.82B	37.01B	36.50B	23.72B	20.15B	16.13B
Stockholders Equity	12.58B	12.17B	10.96B	9.33B	9.26B	7.73B
Cash Flow
Free Cash Flow	-2.27B	-4.47B	-2.23B	447.81M	1.30B	-4.02B
Operating Cash Flow	-2.12B	235.37M	-1.93B	771.48M	1.94B	-3.90B
Investing Cash Flow	-145.68M	-1.99B	-286.65M	-310.07M	-625.01M	-115.96M
Financing Cash Flow	1.87B	1.86B	3.16B	2.31B	-292.16M	2.11B

SMC Global Securities Ltd. (India) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 91.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 64.06, above the 50-day MA of 72.66, and above the 200-day MA of 72.21, indicating a bearish trend. The MACD of -3.76 indicates Negative momentum. The RSI at 44.82 is Neutral, neither overbought nor oversold. The STOCH value of 66.42 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SMCGLOBAL	66 Neutral	₹13.23B	15.62	―	0.70%	-5.03%	-54.73%
CSLFINANCE	66 Neutral	₹5.58B	8.12	―	0.93%	17.32%	13.66%
BIRLAMONEY	62 Neutral	₹7.06B	14.15	―	―	-6.37%	-24.10%
SURYODAY	51 Neutral	₹14.65B	10.24	―	―	―	―
ESAFSFB	44 Neutral	₹12.37B	48.24	―	2.64%	-8.71%	-2192.08%

SMC Global Securities Ltd. (India) Corporate Events