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SMC Global Securities Q2 FY27 Share Price & Earnings Call Analysis

₹92.66+2.69% today
Market cap
₹1,933 Cr
P/E
17.77
ROE
8.07%
PEG
-3.40
Price to sales
0.98
Debt to equity
1.56
52W high / low
₹139 / ₹55.6
Sales growth (5Y)
15.80%
EBITDA margin
19.48%
Net profit margin
5.48%
Promoter holding
66.71%
Sales (last year)
₹1,967 Cr

Incorporated in 1994, SMC Global Securities Ltd offers financial services, with operations spanning across Broking, Distribution & Trading, Financing, and also Insurance Broking, supported by their subsidiary companies

Guidance scorecard · Q2 FY27 call

What SMC Global Securities Ltd's management guided
and where it ranks in Capital Markets

#8of 22 in
Capital Markets
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • The company targets a revenue CAGR of around 20% over the next five years, aiming to grow from current revenues of over Rs. 2,000 crores to approximately Rs. 6,000-8,000 crores by year five.
  • NBFC AUM growth is projected at a CAGR of 20-25%, with a focus on secured retail products and a gradual improvement expected after an initial transition period.
  • Broking and distribution businesses expect steady growth driven by strong client acquisition, expanding mutual fund AUM (which grew ~11.5% in Q1 FY27), and growth in cash market and delivery segments.
  • Insurance broking shows strong momentum, with general/non-life insurance being key growth contributors.

2 more points from SMC Global Securities Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what SMC Global Securities Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Significant investments are being made in technology, AI, automation, and infrastructure to enhance digital capabilities.
  • Development of user-friendly products and apps with reasonable charges to remain competitive.
  • AI initiatives already launched include a proprietary AI-based chatbot and an AI-based algo platform.
  • AI capabilities are being integrated into the mobile app to provide AI-generated insights, script analysis, and trend monitoring.
  • Focus on improving technology and utilizing AI for all products to drive growth.
  • Investments in distribution capacity and technology infrastructure are ongoing, especially in the insurance broking segment to support upcoming opportunities.

2 more points from SMC Global Securities Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what SMC Global Securities Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what SMC Global Securities Ltd said on the order book →

Full Q1 FY27 analysis
Full Capital Markets ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Capital Markets
on management's own guidance

  1. Nippon Life Ind.Good growth
    2
  2. BSEGood growth
    1
  3. Motil.Oswal.Fin.Good growth
    3
See all potential multibaggersWhere does SMC Global Securities Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Capital Markets companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1BSE20–40%Flat₹1.37L Cr48.4
2Nippon Life Ind.20–40%Flat₹68,184 Cr41.6
3Motil.Oswal.Fin.20–40%Flat₹63,771 Cr32.2
420–40%Flat₹31,481 Cr29.1
520–40%Flat₹15,334 Cr43.8
620–40%Flat₹12,638 Cr51.6

Sign up free to see every company in the sector ranking and track SMC Global Securities Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Capital Markets ranking

Financials of SMC Global Securities Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

SMC Global Securities Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +67.39%67.27%67.27%67.28%67.29%67.30%67.30%67.51%66.77%66.72%66.71%66.62%
FIIs +0.92%0.96%1.51%2.42%2.75%2.65%2.55%2.41%2.94%2.40%2.14%2.56%
DIIs +0.00%0.00%0.00%0.00%0.01%0.02%0.03%0.05%0.04%0.01%0.00%0.00%
Public +31.70%31.76%31.22%30.28%29.95%30.02%30.11%30.03%30.25%30.88%31.14%30.82%
No. of Shareholders20,44124,36126,19928,11629,34329,14627,56226,63026,03125,25025,14726,484

Financials of SMC Global Securities Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +389428509448451455421425440495517515532
Expenses +295315371322332344358325356393427408431
Operating Profit94113139126119112631008410290107101
OPM %24%26%27%28%26%25%15%24%19%21%17%21%19%
Other Income +2312124121412
Interest35404751525153565157575660
Depreciation9888778777756
Profit before tax5267856961566382839294738
Tax %23%23%22%23%25%21%33%22%25%21%27%21%25%
Net Profit +4052665346444302131213728
EPS in Rs1.892.473.152.532.162.080.181.420.991.461.011.751.33

Financials of SMC Global Securities Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +3704225266527577809021,1181,2121,6421,7781,8782,059
Expenses +2893534295165936597068219411,2131,3551,5001,659
Operating Profit817097136163122196297271429423378400
OPM %22%16%18%21%22%16%22%27%22%26%24%20%19%
Other Income +548-0347333668
Interest131829476461435890155207222230
Depreciation11779111918202332302825
Profit before tax634968799145143221162244192135153
Tax %33%30%34%35%18%47%26%21%26%23%24%23%
Net Profit +423545527524105175120188147103117
EPS in Rs1.861.522.032.363.301.044.637.715.738.946.964.875.55
Dividend Payout %16%20%21%20%15%46%22%16%21%13%17%25%

Financials of SMC Global Securities Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital23232323232323232121214242
Reserves5175445725956586597509039121,0751,1961,2621,316
Borrowings +681823335237542214944979441,4671,6952,0362,249
Other Liabilities +3826136536729169751,1201,5191,4312,1842,0092,4042,094
Total Liabilities9901,3611,5811,8132,3501,8772,3872,9423,3074,7474,9215,7445,701
Fixed Assets +22224337356964114130135127122124
CWIP000001011027457997
Investments41438813619586117171577099174154
Other Assets +9271,2961,4501,6412,1201,7202,2072,6573,1104,5134,6505,3685,327
Total Assets9901,3611,5811,8132,3501,8772,3872,9423,3074,7474,9215,7445,701

Financials of SMC Global Securities Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-20-8-233-155805-393194-260-19324-73
Cash from Investing Activity +-7-66553-47-6-61-31-29-24-35
Cash from Financing Activity +89114125150-596211-8523131724110
Net Cash Flow6141-54-2162-18948-6096242
Free Cash Flow-25-37-243-164797-399130-291-222-3-118
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit2%15%-142%-79%683%-190%83%-81%-35%16%-9%

Financials of SMC Global Securities Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days235278296232379127133139113116136161
Inventory Days
Days Payable
Cash Conversion Cycle235278296232379127133139113116136161
Working Capital Days14354-102-302-306-279-250-280-270-318-173-232
ROCE %13%10%12%13%12%9%17%21%15%18%15%11%

Guidance history

How SMC Global Securities Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →20–40%Flat———
Q2 FY26 call →0–10%Flat———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

91out of 100

Momentum score · price trend

91 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+62.2%88%
Last 6 months+67.4%93%
Last 3 months+34.8%93%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For SMC Global Securities Ltd: 0.4 × 88 + 0.4 × 93 + 0.2 × 93 = 91.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What SMC Global Securities Ltd's management said in earlier quarters

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