SMC Global Securities

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated A by CRISIL.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 21% and profit rose 23% from a year earlier.
• DilutionRaise plannedNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 67%, down from 67% in Jun 2025.
• ValuationExpensive vs its pastThe share trades at 16.3 times its yearly earnings (P/E), pricier than 91% of the time in the last 5 years. Its usual P/E is about 8.

SMC Global Securities 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)16.3 against a typical 20: cheaper than most peers (1st = cheapest).17th of 42
• Sales growth+21.2% against a typical +18.8% from a year earlier.18th of 41
• Profit growth+23.3% against a typical +10% from a year earlier.15th of 35
• Share price, 3 months+12.5% against a typical −2.7%.7th of 40
• Size₹ 2,009.4 Cr. market value against a typical ₹ 435.9 Cr. (1st = largest).10th of 39

Exchange filings and their impact on the company.

• 26 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −2.6% on 27 Oct
  Strong H1 with 21% revenue and 28% profit growth points to 10-15% higher revenue and ~25% higher profit over next year.

  SMC Global Securities reported September quarter consolidated income of Rs 534.9 cr, up 21% from last year, with net profit of Rs 28.2 cr, up 34%. For the half year, income was Rs 1050.5 cr and profit was Rs 65 cr, up 28%. The company also raised Rs 150 cr through listed NCDs in October and plans up to Rs 106 cr from preferential warrants, supporting growth in broking, financing and insurance businesses.

  Full analysisFiling
• 14 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −5.9% on 15 Oct
  Board approves Rs 106 cr preferential warrants to non-promoters to boost growth capital.

  SMC Global's board on Oct 14, 2026 approved a preferential issue of up to 1 crore fully convertible warrants at Rs 106 each, raising up to Rs 106 crore from three non-promoters. The warrants convert into one equity share each within 18 months, subject to shareholder approval at the EGM on Nov 6, 2026. The funds will strengthen the capital base for its broking and financing business with about 4.8% dilution.

  Full analysisFiling
• 13 Oct 2026Committee Meeting UpdatesLow impactPositivePrice +2.7% that day
  SMC allotted Rs 150 cr of 9.5-10% secured NCDs to fund its receivables/MTF book.

  SMC Global Securities allotted 15 lakh secured, rated, listed NCDs of Rs 1,000 each on October 13, 2026, raising Rs 150 crore through a public issue that was oversubscribed. The NCDs carry coupons of 9.5% for 2 years, 9.75% for 3 years and 10% for 5 years and are secured by trade receivables and margin funding book. The money expands its interest-earning funding book with a small spread after interest cost and no equity dilution.

  Full analysisFiling
• 8 Oct 2026Committee Meeting UpdatesLow impactPositivePrice −2.2% that day
  SMC to close its up to Rs 150 cr NCD issue early on Oct 9, signalling strong demand.

  SMC Global Securities said its NCD committee approved early closure of its public issue of secured redeemable non-convertible debentures on October 9, 2026, versus the scheduled October 16 close. The issue is for up to Rs 75 crore plus a Rs 75 crore greenshoe, totalling up to Rs 150 crore of Rs 1,000 face-value NCDs. Early closure points to healthy investor demand and will add modest debt funding to support the company's lending and broking business.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Subhash Chand Aggarwal

Executive Chairman of the Board, Managing Director

Vinod Kumar Jamar

President, Group Chief Financial Officer

Ajay Garg

Chief Executive Officer, Executive Director

Mahesh Chand Gupta

Executive Vice Chairman of the Board, Managing Director

Yashpal Chopra

Chief Operating Officer

Suman Kumar

Executive Vice President - Corporate Affairs and Legal, Compliance Officer, General Counsel, Company Secretary

Ganesh Badhani

Chief Information Security Officer

Shruti Aggarwal

Whole Time Director - Tech, Strategy and Innovation