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SMC Global Securities Ltd. (India)
(SMCGLOBAL)
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Rating:62Neutral
Price Target:
₹90.00
▲(19.22% Upside)
Action:Reiterated
Date:09/08/26
The score is mainly constrained by financial performance: profitability pressure in the latest year, higher leverage, and historically volatile cash flows offset strong revenue growth and the FY2026 cash flow rebound. Technicals are supportive with an uptrend and positive momentum, while valuation looks reasonable with a moderate P/E and modest dividend yield.
Positive Factors
Strong Revenue Growth
Steady revenue expansion, including a substantial FY2026 increase, indicates continued demand for the company’s brokerage, trading, distribution, and related financial services. Sustained top-line growth can broaden operating scale and support longer-term investment in client acquisition and platforms.
Negative Factors
Recent Profitability Pressure
Falling net income despite stronger revenue signals pressure on earnings conversion and raises questions about near-term margin sustainability. If gross-profit compression persists, additional revenue growth may produce less incremental profit and weaken the company’s ability to compound earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Steady revenue expansion, including a substantial FY2026 increase, indicates continued demand for the company’s brokerage, trading, distribution, and related financial services. Sustained top-line growth can broaden operating scale and support longer-term investment in client acquisition and platforms.
Read all positive factors
SMC Global Securities Ltd. (India) (SMCGLOBAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.89B
Dividend Yield1.39%
Average Volume (3M)21.94K
Price to Earnings (P/E)13.9
Beta (1Y)1.27
Revenue Growth12.02%
EPS Growth-11.03%
CountryIN
Employees2,767
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)7.28
Shares Outstanding209,400,000
10 Day Avg. Volume31,738
30 Day Avg. Volume21,941
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 Ltd., together with its associated firms, delivers a comprehensive suite of financial services, operating both domestically in India and internationally. The company's business activities are structured across three primary d...
How the Company Makes Money
SMC Global Securities Ltd. primarily makes money through fees and commissions earned by facilitating client transactions and distributing financial products. Key revenue streams typically include: (1) Brokerage/transaction income: commissions and ...
SMC Global Securities Ltd. (India) Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.83B | 14.95B | 14.26B | 10.73B | 9.91B |
| Gross Profit | 6.38B | 2.89B | 3.52B | 2.48B | 2.62B |
| EBITDA | 1.63B | 4.19B | 4.22B | 2.65B | 2.93B |
| Net Income | 1.02B | 1.46B | 1.87B | 1.20B | 1.74B |
Balance Sheet | |||||
| Total Assets | 57.44B | 49.21B | 47.48B | 33.07B | 29.42B |
| Cash, Cash Equivalents and Short-Term Investments | 26.15B | 24.02B | 25.36B | 9.96B | 8.05B |
| Total Debt | 20.36B | 16.95B | 14.67B | 9.44B | 4.97B |
| Total Liabilities | 44.38B | 37.01B | 36.50B | 23.72B | 20.15B |
| Stockholders Equity | 13.04B | 12.17B | 10.96B | 9.33B | 9.26B |
Cash Flow | |||||
| Free Cash Flow | 4.72B | -4.47B | -2.23B | 447.81M | 1.30B |
| Operating Cash Flow | 5.17B | 235.37M | -1.93B | 771.48M | 1.94B |
| Investing Cash Flow | 448.51M | -1.99B | -286.65M | -310.07M | -625.01M |
| Financing Cash Flow | 2.82B | 1.86B | 3.16B | 2.31B | -292.16M |
SMC Global Securities Ltd. (India) Technical Analysis
Positive
75.49
Price Trends
79.00
Positive
72.46
Positive
73.03
Positive
Market Momentum
1.48
Negative
67.85
Neutral
65.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SMCGLOBAL, the sentiment is Positive. The current price of 75.49 is below the 20-day moving average (MA) of 80.94, below the 50-day MA of 79.00, and above the 200-day MA of 73.03, indicating a bullish trend. The MACD of 1.48 indicates Negative momentum. The RSI at 67.85 is Neutral, neither overbought nor oversold. The STOCH value of 65.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SMCGLOBAL.
SMC Global Securities Ltd. (India) Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹171.25B | 66.47 | ― | ― | 28.51% | 27.16% | |
69 Neutral | ₹106.42B | 18.52 | ― | 0.89% | -4.46% | -19.71% | |
62 Neutral | ₹17.89B | 13.89 | ― | 1.39% | 12.02% | -11.03% | |
62 Neutral | ₹273.98B | 26.87 | ― | 1.65% | 9.28% | 3.02% | |
60 Neutral | ₹611.96B | 31.18 | ― | 0.58% | 14.81% | -29.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹10.41B | 25.02 | ― | ― | -1.44% | -31.76% |
* General Sector Average
IN:SMCGLOBAL
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SMC Global Securities Ltd. (India) Corporate Events
SMC Global Securities Board Clears Q1 FY27 Results and Rs 150 Crore NCD Issue
Jul 26, 2026
SMC Global Securities Ltd., a listed Indian financial services and brokerage company with active participation in equity and debt markets, reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, fo...
SMC Global Board Clears Q1 Results and Rs 150 Crore NCD Fundraise
Jul 26, 2026
SMC Global Securities Ltd. reported that its board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, reinforcing its disclosure obligations as a listed financial services firm. The releas...
SMC Global Securities to Raise Up to Rs 150 Crore via NCD Issue
Jul 26, 2026
SMC Global Securities Ltd. has approved a plan to raise funds via a public issue of secured, rated, listed, redeemable, non-convertible debentures with a face value of Rs. 1,000 each. The Board has cleared a base issue size of Rs. 7,500 lakhs and ...
SMC Global Securities Announces Change in SEBI Compliance Officer
Jul 26, 2026
SMC Global Securities Ltd. has announced a change in its designated compliance officer under the SEBI (Prohibition of Insider Trading) Regulations, 2015, following a board decision on 26 July 2026. Mr. Rahul Yadav has been appointed to replace Mr....
SMC Global Securities Names New Compliance Officer for Insider Trading Oversight
Jul 26, 2026
SMC Global Securities Ltd., a listed Indian financial services and brokerage firm with equity and various debenture series traded on BSE and NSE, operates under SEBI regulations that govern market conduct and compliance in the securities industry....
SMC Global Securities Announces Resignation of Treasury and Debt Solutions Vice President
Jul 26, 2026
SMC Global Securities Ltd., a listed Indian financial services firm focused on securities and debt market operations, has reported a change in its senior management overseeing treasury and debt solutions. The company is regulated under SEBI’...
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.