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Emkay Global Financial Services Limited (EMKAY) AI Stock Analysis
Emkay Global Financial Services Limited
(NSE:EMKAY)
The score is primarily held back by deteriorating profitability/returns and volatile cash-flow history despite strong recent revenue growth and a low-leverage balance sheet. Technically the setup is mixed with neutral momentum signals, and valuation is a notable headwind due to a high P/E and low dividend yield.
Emkay Global Financial Services Limited (EMKAY) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 7.21B
- Dividend Yield
- 0.57%
- Average Volume (3M)
- 5,236
- Price to Earnings (P/E)
- 14.4
- Beta (1Y)
- 0.96
- Revenue Growth
- 58.43%
- EPS Growth
- 107.34%
- Country
- India
- Employees
- 470
- Sector
- General
- Sector Strength
- 55
- Industry
- Financial - Capital Markets
Emkay Global Financial Services Limited Business Overview & Revenue Model
Company Description
Emkay Global Financial Services Limited, an Indian firm headquartered in Mumbai, was founded in 1995. Through its various subsidiaries, the company provides a comprehensive range of financial services across India, encompassing stock brokerage, inves...
How the Company Makes Money
EMKAY primarily generates revenue from fees and commissions linked to capital-markets intermediation and advisory services. Key revenue streams typically include: (1) Brokerage and transaction-based income: commissions/fees earned when clients (retai...
Emkay Global Financial Services Limited Financial Statement Overview
Summary
Strong FY2026 revenue growth (~45% YoY) and a conservative leverage profile support the score, but a sharp drop in profitability (net margin ~3.8% vs ~17.9% prior year; ROE ~4.0% vs ~18.7%) and historically volatile earnings/cash conversion keep financial quality only moderate.
Income Statement
58NeutralBalance Sheet
72PositiveCash Flow
54Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.08B | 3.96B | 3.17B | 2.70B | 1.95B | 2.56B |
| Gross Profit | 2.55B | 2.79B | 1.04B | 668.71M | 512.43M | 1.26B |
| EBITDA | 453.04M | 347.51M | 769.90M | 556.69M | 240.65M | 552.82M |
| Net Income | 195.25M | 152.01M | 568.31M | 324.39M | 140.76M | 338.04M |
Balance Sheet | ||||||
| Total Assets | 0 | 17.40B | 12.33B | 10.65B | 7.31B | 7.64B |
| Cash, Cash Equivalents and Short-Term Investments | 0 | 13.94B | 10.05B | 8.07B | 4.20B | 4.76B |
| Total Debt | 0 | 1.00B | 551.45M | 417.18M | 375.70M | 263.32M |
| Total Liabilities | -3.81B | 13.59B | 9.30B | 8.24B | 5.21B | 5.63B |
| Stockholders Equity | 3.81B | 3.81B | 3.03B | 2.41B | 2.10B | 2.01B |
Cash Flow | ||||||
| Free Cash Flow | -220.73M | 3.08B | -89.52M | 135.22M | -712.57M | 549.34M |
| Operating Cash Flow | -175.44M | 3.17B | -20.90M | 221.69M | -634.19M | 597.42M |
| Investing Cash Flow | -80.15M | -4.11B | -101.47M | -62.36M | 50.73M | -40.20M |
| Financing Cash Flow | -76.21M | 948.55M | 108.77M | 24.10M | -69.00M | -72.85M |
Emkay Global Financial Services Limited Technical Analysis
Price Trends
Market Momentum
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 264.30 is below the 20-day moving average (MA) of 270.73, above the 50-day MA of 262.54, and above the 200-day MA of 247.04, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 32.76 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
Overall Rating
IN:ANGELONE79Outperform
IN:MONARCH74Outperform
IN:SMCGLOBAL73Outperform
IN:SHAREINDIA66Neutral
IN:GEOJITFSL59Neutral- IN:EMKAY55Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:ANGELONE | 79Outperform | INR 258.83B | 22.87 | ― | 2.23% | 21.45% | 46.53% |
| IN:MONARCH | 74Outperform | INR 27.90B | 15.02 | ― | 0.29% | 7.26% | 13.10% |
| IN:SMCGLOBAL | 73Outperform | INR 18.99B | 16.59 | ― | 1.30% | 17.97% | 18.76% |
| IN:SHAREINDIA | 66Neutral | INR 38.48B | 10.26 | ― | 1.06% | 14.54% | 14.60% |
| IN:GEOJITFSL | 59Neutral | INR 18.05B | 28.63 | ― | 2.20% | 2.10% | -43.37% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:EMKAY | 55Neutral | INR 6.91B | 14.40 | ― | 0.57% | 58.43% | 107.34% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:EMKAY | Emkay Global Financial Services Limited | 264.30 | -43.78 | -14.21% | |
| IN:ANGELONE | Angel One Limited | 289.50 | 43.39 | 17.63% | |
| IN:GEOJITFSL | Geojit Financial Services Ltd | 68.38 | -2.73 | -3.83% | |
| IN:MONARCH | Monarch Networth Capital Limited | 343.30 | 34.84 | 11.29% | |
| IN:SHAREINDIA | Share India Securities Ltd | 170.60 | -12.72 | -6.94% | |
| IN:SMCGLOBAL | SMC Global Securities Ltd. (India) | 92.69 | 26.67 | 40.39% |
Emkay Global Financial Services Limited Corporate Events
Emkay Global Boosts Employee Ownership With Share Allotment and New ESOP Grants
Emkay Global Financial Services Limited has approved the allotment of 10,800 equity shares under its Employee Stock Option Plan 2007 to staff who exercised their options, marginally increasing its paid-up equity share capital and reinforcing employee...
Emkay Global Expands ESOP, Allots Shares and Grants 24,000 New Options
Emkay Global Financial Services Limited has approved the allotment of 10,800 equity shares to employees exercising options under its 2007 stock option plan, marginally increasing the company’s paid-up share capital to 27,936,380 equity shares....
Emkay Global Gets NSE Nod to List Shares From Promoter Warrant Conversion
Emkay Global Financial Services Limited has received in-principle listing approval from the National Stock Exchange of India for 100,000 equity shares of Rs 10 each, issued following the conversion of an equivalent number of preferential warrants hel...
Emkay Global Confirms SEBI Compliance on Depository Processes for Q2 FY27
Emkay Global Financial Services Limited has reported that its registrar and share transfer agent, MUFG Intime India Private Limited, has issued a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2...
Emkay Global secures NSE, BSE nod for promoter warrant conversion
Emkay Global Financial Services has received trading approvals from the National Stock Exchange of India and BSE Limited for 50,000 equity shares issued to promoter Prakash Kacholia upon conversion of preferential warrants. The shares will be admitte...
Emkay Global Boosts Equity Capital With Fresh Promoter Warrant Conversion
Emkay Global Financial Services has increased its equity base through the allotment of 100,000 shares following the conversion of warrants by promoter Prakash Kacholia. The move, approved by the management committee on September 21, 2026, lifts the c...
Emkay Global Seeks Shareholder Nod for Appointment of Independent Director via Postal Ballot
Emkay Global Financial Services Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Rajesh Shah as a Non-Executive Independent Director for a five-year term starting 19 August 2026. The company is con...
Emkay Global Clears INR 50 Crore NCD Issue with BSE Listing Plan
Emkay Global Financial Services Limited’s management committee has approved a private placement of up to 5,000 rated, listed, senior, unsecured, transferable, redeemable, taxable non-convertible debentures with a face value of INR 1,00,000 each...
Emkay Global boosts equity capital through promoter warrant conversion
Emkay Global Financial Services has increased its equity base by allotting 50,000 new shares to promoter Prakash Kacholia following the conversion of an equivalent number of warrants. The shares, issued at a balance subscription price of Rs 179.625 p...
Emkay Global Plans NCD Issue, Closes Trading Window Ahead of Committee Meet
Emkay Global Financial Services Limited has scheduled a meeting of its Management Committee on August 21, 2026 to consider and approve the issuance of non-convertible debentures on a private placement basis. The planned debenture issue underscores th...
Emkay Global’s Independent Director Dr. Satish Ugrankar Steps Down After Completing Term
Emkay Global Financial Services has announced that independent director Dr. Satish Ugrankar has completed his second consecutive five-year term on the company’s board as of August 9, 2026. With the end of his tenure, he has stepped down from th...
Emkay Global announces completion of independent director’s tenure
Emkay Global Financial Services has announced that Dr. Satish Ugrankar has completed his second consecutive five-year term as a non-executive independent director, effective 9 August 2026. With the end of his tenure, he also steps down as chairperson...
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.
Date of analysis: Oct 30, 2026