SMC Global Securities Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Capital Markets | Market Cap: ₹1.7K Cr
The company expects approximately 15% growth in AUM during the next financial year (FY27), aiming for 15%-20% growth in AUM, driven by the transition towards secured products and new product lines. The company expects a 15%-20% growth in AUM in the NBFC segment in the upcoming year, with gradual growth resuming after a calibration phase (Page 9, 11).
From SMC Global Securities Ltd's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Price
₹79.7
Market Cap
₹1.7K Cr
P/E Ratio
15.3
How does SMC Global Securities Ltd rank in Capital Markets?
Compare SMC Global Securities Ltd against every Capital Markets company this quarter on revenue, margins and earnings-call signals.
SMC Global Securities Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹517 Cr, net profit ₹21 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company expects approximately 15% growth in AUM during the next financial year (FY27), aiming for 15%-20% growth in AUM, driven by the transition towards secured products and new product lines. (Page 9, 13)
- →Insurance broking segment anticipates strong, double-digit growth, with around 15% growth expected next year, supported by both physical and digital selling, and contributions from the reinsurance segment. (Page 12, 13)
- →Disbursements in the NBFC segment are expected to increase above INR 800 crores from INR 614 crores currently, driven by focused secured products like micro-LAP, gold loan, and asset finance, despite a calibrated reduction in unsecured and large-ticket loans. (Page 12)
- →Stoxkart (broking platform) showed 150% revenue growth in FY26 and expects continued contribution to overall growth. (Page 9)
- →Cross-selling insurance products via broking and digital channels is a key growth driver moving forward. (Page 10)
📈 Profitability & Margins
- →The company expects a 15%-20% growth in AUM in the NBFC segment in the upcoming year, with gradual growth resuming after a calibration phase (Page 9, 11).
- →In insurance broking, a 15% growth is anticipated over the next financial year, aided by reinsurance segment contribution and focus on both physical and digital selling (Page 13).
- →Disbursements in the financing business are expected to increase from INR 614 crores to over INR 800 crores next year (Page 12).
- →FY26 reported consolidated EPS was INR 4.87 (diluted), down from INR 13.92 in FY25 due mainly to capital base increase and deliberate calibration in financing (Page 6).
- →The company is focused on rebuilding return metrics and cost optimization going into FY27 (Page 7).
- →Fee-based businesses like broking and insurance are expected to provide stable, growing revenue streams offsetting pressures on financing profits (Page 6).
🏗️ Capital Expenditure Plans
💰 Fundraising & Capital Structure
- →The company has raised fresh borrowings through NCDs in the current financial year:
- → - NBFC raised about INR 25 crores of fresh NCDs.
- → - Broking Entity raised about INR 150 crores of fresh NCDs.
- →This borrowing diversification is aimed at reducing reliance on bank borrowings and aligns with RBI's intent to reduce dependency on banks.
- →The company maintains a well-diversified borrowing mix with bank borrowings forming 85% of the mix in FY26 (up from 79% in FY25).
- →Debt-to-equity ratio stands at 1.53x consolidated level, with a strong capital adequacy ratio (CRAR) of 43.2% at NBFC.
- →No specific mention of new fundraising through equity in the transcript.
- →The overall approach indicates a cautious, diversified debt strategy without immediate plans for equity fundraising.
📋 Order Book & Pipeline
Key Metrics
Continue your research
What SMC Global Sec.'s management said in earlier quarters
Others in Capital Markets this season
- Indian Energy Ex (Q4 FY26)
FY26 electricity volume rose 17% YoY to 141 billion units, with RTM volumes growing 41% and green market volumes up 23% YoY, indicating strong growth momentum…
- IIFL Capital (Q4 FY26)
The company is well capitalized with sufficient "dry powder" for growth, with net worth increasing from INR1,000 crores to over INR3,000 crores in 4 years…
- Prudent Corp. (Q4 FY26)
Health insurance fresh premium grew 35%, life insurance by 28%, with confidence in continued growth despite regulatory yield adjustments. Key concall takeaways…
- National Securities Depository Ltd (Q4 FY26)
Digital payments via Payments Bank have grown 6x in UPI volumes, with deposits crossing INR 500 crores and over 4 million customers, indicating potential in…
Frequently Asked Questions
What were SMC Global Securities Ltd Q4 FY26 results?
The company expects approximately 15% growth in AUM during the next financial year (FY27), aiming for 15%-20% growth in AUM, driven by the transition towards secured products and new product lines. The company expects a 15%-20% growth in AUM in the NBFC segment in the upcoming year, with gradual growth resuming after a calibration phase (Page 9, 11).
What is SMC Global Securities Ltd share price analysis?
SMC Global Securities Ltd currently shows a neutral. The stock trades at a P/E of 15.3 with a market cap of ₹1,664 Cr. Investors should review the full earnings analysis for detailed insights.
Is SMC Global Securities Ltd planning capital expenditure?
The transcript does not explicitly mention any specific current or future capex, capital investment, or strategic investment details.
Keep SMC Global Securities Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.