Emkay Global Financial Services
- Market cap
- ₹ 693 Cr.
- P/E
- 41.2x
- P/B
- 1.76x
- 52-week range
- 186 – 335
- ROE
- 5%
- ROCE
- 8%
- Dividend yield
- 0.6%
- Debt / equity
- 0.29
- Sector
- Capital Markets
- Industry
- Stockbroking & Allied
- Listed on
- NSE, BSE
About
Emkay Global Financial Services Limited is an India-based financial services company, which offers a range of transactional and advisory services encompassing equity, debt, currency, and commodities. The Company operates through two segments, namely Advisory and Transactional Services, and Financing and Investment Activities. The Advisory and Transactional Services segment consists of broking and distribution of securities, investment banking, and other related financial intermediation services. The Financing and Investment Activities segment engages in non-banking financing activities. Its subsidiaries include Emkay Fincap Limited, Emkay Commotrade Limited, Emkay Wealth Advisory Limited, and Emkay Investment Managers Limited, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Stockbroking & Allied: 42 companies →Emkay Global Financial Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)41.2 against a typical 20: pricier than most peers (1st = cheapest).35th of 42
- Sales growth+26% against a typical +18.8% from a year earlier.15th of 41
- Profit growth+90.6% against a typical +10% from a year earlier.2nd of 35
- Share price, 3 months+19.1% against a typical −2.7%.5th of 40
- Size₹ 692.8 Cr. market value against a typical ₹ 435.9 Cr. (1st = largest).18th of 39
Latest announcements
Exchange filings and their impact on the company.
- 28 Oct 2026Outcome of Board MeetingHigh impactVery positiveRecord Q2 with revenue doubling and PAT of Rs 31 cr drives sharp earnings and net-worth upgrade.
Emkay Global reported very strong Q2 FY27 results with consolidated revenue of Rs 151.3 crore, up from Rs 72.1 crore a year ago, and net profit of Rs 31 crore versus Rs 0.5 crore last year. Half-year profit of Rs 40.1 crore already exceeds full FY26 profit of Rs 15.2 crore, driven by fees and commission income. The board also approved moving its wealth and investment-manager subsidiaries under new wholly owned Emkay Capital and transferring the wealth business on slump sale, alongside a Rs 50 crore NCD issue and conversion of 20 lakh promoter warrants.
- Promoter converted 1 lakh warrants to shares, adding small capital with negligible dilution.
Emkay Global received NSE listing approval on 16 October 2026 for 1,00,000 equity shares of Rs 10 each. The shares were issued on conversion of equivalent preferential warrants to promoter Prakash Kacholia. The conversion brings in a small amount of fresh capital with negligible dilution and no change to operations.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB+ | Stable | 3 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 3 Aug 2026 | ▼ Outlook cut | [ICRA]BBB+ Outlook Positive → Stable | — | ICRA | ₹ 2,600 Cr. | |
| 7 Aug 2025 | Reaffirmed | [ICRA]BBB+ | — | ICRA | ₹ 400 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 28 Oct 2026 | Warrant conversion | Allotted | ₹ 8.08 Cr. | ₹ 239.5 | +19.73% | |
| 16 Oct 2026 | Warrant conversion | Allotted | — | — | — |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2026 |
| 21 Aug 2026 | Fund Raising | To consider Fund Raising |
| 27 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 15 May 2026 | Fund Raising | To consider Fund Raising by Issuance of Non-Convertible Debentures |
| 27 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 9 Dec 2025 | Fund Raising | To consider Fund Raising |
| 31 Oct 2025 | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 71 | 75 | 91 | 83 | 108 | 77 | 71 | 73 | 72 | 87 | 148 | 92 |
| Expenses | 63 | 65 | 78 | 68 | 79 | 68 | 71 | 67 | 71 | 79 | 136 | 80 |
| Operating Profit | 8 | 11 | 13 | 15 | 29 | 9 | 0 | 6 | 1 | 8 | 13 | 11 |
| OPM % | 10.7% | 14% | 14.2% | 18.2% | 26.9% | 12.2% | 0.2% | 8% | 2% | 9.5% | 8.6% | 12.4% |
| Other Income | 8 | 8 | 8 | 6 | 7 | 7 | 6 | 5 | 5 | 5 | 5 | 5 |
| Interest | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 4 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 |
| Profit before tax | 12 | 15 | 17 | 17 | 31 | 11 | 1 | 5 | 0 | 6 | 10 | 9 |
| Tax % | 18.9% | 16.5% | 37.4% | 18.5% | 17.9% | 22.3% | −786.3% | 8.8% | 6.3% | 28.1% | 41.3% | 8.3% |
| Net Profit | 9 | 12 | 11 | 14 | 26 | 9 | 8 | 5 | 0 | 4 | 6 | 9 |
| EPS in Rs | 3.76 | 4.97 | 4.28 | 5.61 | 10.43 | 3.43 | 3.35 | 1.88 | 0.18 | 1.66 | 2.16 | 3.33 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 20%
- 3 Years
- 25%
- TTM
- 21%
- 10 Years
- 3%
- 5 Years
- 7%
- 3 Years
- 3%
- TTM
- −59%
- 10 Years
- 14%
- 5 Years
- 15%
- 3 Years
- 46%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 12%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Emkay Global Financial Services | ₹ 286.75 | ₹ 693 Cr. | 41.2x | 1.8x | 5% | — |
| ICICI Prudential Asset Management Company Ltd | ₹ 2,655.00 | ₹ 1,30,928 Cr. | 47.7x | 37.7x | — | 56% |
| HDFC Asset Management Company | ₹ 2,250.00 | ₹ 96,542 Cr. | 39.9x | 12.3x | — | 69.3% |
| Nippon Life India Asset Management | ₹ 922.10 | ₹ 59,010 Cr. | 50.1x | 16.3x | 34.5% | 56.4% |
| Multi Commodity Exchange Of India | ₹ 3,017.00 | ₹ 76,931 Cr. | 52.6x | 16.6x | 37.9% | 57.8% |
| Motilal Oswal Financial Services | ₹ 925.00 | ₹ 55,715 Cr. | 30.8x | 4.5x | 15.6% | 21.2% |
Management
- Saket Agarwal
- Chief Financial Officer
- Siddhesh Vinay Sardesai
- Chief Digital and Technology Officer
- Nishant S. Shirke
- Compliance Officer, Company Secretary
- Prakash Ramswaroop Kacholia
- Managing Director, Executive Director
- Krishna K. Karwa
- Managing Director, Executive Director
- Raunak Krishnakum Karwa
- Whole Time Director
- Manish Sonthalia
- Whole-Time Director
- Sujit Sureshchandra Kadakia
- Chief Business Officer
Prices are delayed and for information only. Nothing on this page is investment advice.