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

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SMC Global Securities Ltd. (India)

(NSE:SMCGLOBAL)

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Rating:74Outperform

Price Target:INR 107.00▲(11.81% Upside)

Action:reiterated

Date:10/06/26

Overall score is driven mainly by solid financial performance, with strong revenue growth and cash flow recovery offset by high leverage and compressed margins. Technicals support the positive outlook through a clear uptrend, but elevated momentum readings signal a stretched move. Valuation is fair with a modest dividend, creating a balanced risk–reward profile rather than a deep value opportunity.

Positive Factors

Revenue growthSteady revenue expansion, including a roughly 27% FY2026 increase, indicates continued business activity across the company’s capital-markets services. If maintained, this growth can broaden the earnings base, support operating investment, and reinforce its market position over coming quarters.

Negative Factors

Higher leverageThe sharp increase in debt-to-equity indicates a materially more leveraged capital structure, which reduces financial flexibility over the next several quarters. Higher leverage can constrain investment choices and make the company more sensitive to tighter funding conditions or weaker capital-market activity.

SMC Global Securities Ltd. (India) (SMCGLOBAL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 20.03B
Dividend Yield: 1.26%
Average Volume (3M): 262.77K
Price to Earnings (P/E): 17.2
Beta (1Y): 0.92
Revenue Growth: 17.97%
EPS Growth: 18.76%
Country: India
Employees: 2,767
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

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 divi...

SMC Global Securities Ltd. (India) Financial Statement Overview

Summary

Score balances strong 27% FY2026 revenue growth and a sharp operating cash flow turnaround with rising debt-to-equity (up to ~1.56) and net margin compression from 17.6% to ~5.4%, indicating resilient but risk-aware fundamentals.

Income Statement

88Very Positive

Balance Sheet

65Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	20.39B	18.83B	14.95B	14.26B	10.73B	9.91B
Gross Profit	6.43B	6.38B	2.89B	3.52B	2.48B	2.62B
EBITDA	2.43B	1.63B	4.19B	4.22B	2.65B	2.93B
Net Income	1.16B	1.02B	1.46B	1.87B	1.20B	1.74B
Balance Sheet
Total Assets	57.01B	57.44B	49.21B	47.48B	33.07B	29.42B
Cash, Cash Equivalents and Short-Term Investments	24.06B	26.15B	24.02B	25.36B	9.96B	8.05B
Total Debt	22.49B	20.36B	16.95B	14.67B	9.44B	4.97B
Total Liabilities	43.40B	44.38B	37.01B	36.50B	23.72B	20.15B
Stockholders Equity	13.58B	13.04B	12.17B	10.96B	9.33B	9.26B
Cash Flow
Free Cash Flow	0	4.72B	-54.99M	-2.23B	447.81M	1.30B
Operating Cash Flow	0	5.17B	235.37M	-1.93B	771.48M	1.94B
Investing Cash Flow	0	448.51M	-268.12M	-286.65M	-310.07M	-625.01M
Financing Cash Flow	0	2.82B	244.55M	3.16B	2.31B	-998.55M

SMC Global Securities Ltd. (India) Technical Analysis

Technical Analysis SentimentPositive

Last Price95.70

Price Trends

50DMA94.37Positive

100DMA85.86Positive

200DMA77.11Positive

Market Momentum

MACD-0.61Positive

RSI49.04Neutral

STOCH70.13Neutral

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 95.70 is below the 20-day moving average (MA) of 96.86, above the 50-day MA of 94.37, and above the 200-day MA of 77.11, indicating a neutral trend. The MACD of -0.61 indicates Positive momentum. The RSI at 49.04 is Neutral, neither overbought nor oversold. The STOCH value of 70.13 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SMCGLOBAL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:IIFLCAPS	75Outperform	INR 111.95B	18.06	―	0.85%	7.60%	3.87%
IN:SMCGLOBAL	74Outperform	INR 20.04B	17.23	―	1.26%	17.97%	18.76%
IN:5PAISA	65Neutral	INR 10.59B	29.33	―	―	8.94%	-23.92%
IN:MOTILALOFS	65Neutral	INR 735.63B	27.22	―	0.49%	44.44%	32.75%
IN:ANGELONE	64Neutral	INR 319.38B	27.52	―	1.85%	21.45%	46.53%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:CHOICEIN	54Neutral	INR 162.16B	61.28	―	―	33.57%	22.48%

* General Sector Average

Performance Comparison

IN:SMCGLOBAL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SMCGLOBAL	SMC Global Securities Ltd. (India)	95.70	32.58	51.62%
IN:5PAISA	5paisa Capital Ltd.	338.80	23.00	7.28%
IN:ANGELONE	Angel One Limited	349.00	71.09	25.58%
IN:CHOICEIN	Choice International Limited	727.90	-61.65	-7.81%
IN:IIFLCAPS	IIFL Capital Services Ltd	354.80	44.84	14.47%
IN:MOTILALOFS	Motilal Oswal Financial Services Limited	1220.00	243.78	24.97%

SMC Global Securities Ltd. (India) Corporate Events

SMC Global Securities schedules Q2 FY26 earnings call with investors and analysts

Oct 22, 2026

SMC Global Securities Ltd. has scheduled an earnings conference call with investors and analysts on 27 October 2026 at 5:00 p.m. IST to discuss its unaudited financial results and operational performance for the quarter ended 30 September 2026. Senio...

SMC Global Securities Advances Closure of Rs 150 Crore NCD Issue

Oct 8, 2026

SMC Global Securities has announced that its Non-Convertible Debenture Committee approved the early closure of its public issue of secured, rated, listed, redeemable non-convertible debentures, which had a base issue size of Rs. 7,500 lakh with an eq...

SMC Global Securities Files Draft Prospectus for Rs 150 Crore NCD Public Issue

Sep 15, 2026

SMC Global Securities Ltd., a listed Indian financial services and securities firm, participates actively in the domestic capital markets with equity and multiple debenture series traded on BSE and NSE. The company leverages public issues of non-conv...

SMC Global Subsidiary Settles SEBI Case Over NSEL Trades

Sep 12, 2026

SMC Global Securities Ltd. disclosed that its wholly owned subsidiary Pulin Comtrade Limited, formerly SMC Comtrade Limited, has received a settlement order from the Securities and Exchange Board of India. The order arises from regulatory proceedings...

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.

Date of analysis: Oct 06, 2026

SMC Global Securities Ltd. (India) AI Stock Analysis