Emkay Global Financial Services (EMKAY)₹256.65−0.37%Stockbroking & Allied
In the Sep 2026 quarter (consolidated), Emkay Global Financial Services reported sales of ₹152 Cr, up 109.8% from Sep 2025, and net profit of ₹31.04 Cr. For the year to Mar 2026, sales were ₹397 Cr and net profit ₹15.03 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 75.27 | 91.37 | 83.35 | 108 | 77.34 | 71.22 | 73.31 | 72.29 | 87.35 | 148 | 92.35 | 152 |
| Expenses | 65.20 | 78.27 | 68.29 | 79.34 | 68.28 | 71.21 | 67.25 | 71.23 | 79.34 | 137 | 80.33 | 107 |
| Operating Profit | 10.03 | 13.05 | 15.05 | 29.07 | 9.03 | 0.00 | 6.02 | 1.01 | 8.03 | 13.05 | 11.04 | 45.13 |
| OPM % | 14.0% | 14.0% | 18.0% | 27.0% | 12.0% | 0.1% | 8.0% | 2.0% | 9.0% | 9.0% | 12.0% | 30.0% |
| Other Income | 7.99 | 7.98 | 5.99 | 6.98 | 6.98 | 5.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 |
| Interest | 1.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 3.01 | 3.01 | 4.01 | 4.01 | 6.01 |
| Depreciation | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 4.01 | 4.01 | 3.01 | 3.01 |
| Profit before tax | 15.03 | 17.05 | 17.04 | 31.10 | 11.03 | 1.01 | 5.01 | 0.00 | 6.02 | 10.02 | 9.03 | 41.07 |
| Tax % | 17.1% | 37.1% | 18.1% | 18.1% | 22.1% | −785.9% | 9.1% | 6.0% | 28.1% | 41.1% | 8.1% | 24.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 12.02 | 11.02 | 14.02 | 26.05 | 9.02 | 8.02 | 5.01 | 0.00 | 4.01 | 6.01 | 9.02 | 31.04 |
| EPS (Rs) | 4.99 | 4.29 | 5.62 | 10.46 | 3.44 | 3.36 | 1.89 | 0.19 | 1.67 | 2.17 | 3.34 | 11.13 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 105 | 109 | 157 | 147 | 135 | 161 | 273 | 206 | 317 | 361 | 397 | 480 |
| Expenses | 82.30 | 85.31 | 111 | 124 | 138 | 135 | 218 | 191 | 262 | 283 | 349 | 404 |
| Operating Profit | 24.08 | 24.07 | 45.14 | 23.08 | −3.01 | 26.08 | 55.17 | 15.05 | 55.21 | 79.25 | 47.17 | 77.25 |
| OPM % | 22.0% | 22.0% | 29.0% | 15.0% | −1.9% | 16.0% | 20.0% | 7.0% | 17.0% | 22.0% | 12.0% | 16.1% |
| Other Income | 0.00 | 0.00 | 0.00 | 2.99 | 0.00 | 1.99 | 0.99 | 10.98 | 3.99 | 0.99 | 0.00 | 19.96 |
| Interest | 4.01 | 3.01 | 4.01 | 7.01 | 7.01 | 3.01 | 3.01 | 4.01 | 5.01 | 7.01 | 13.01 | 17.04 |
| Depreciation | 4.01 | 4.01 | 5.01 | 7.01 | 8.01 | 8.01 | 8.01 | 9.02 | 10.01 | 12.01 | 13.01 | 14.04 |
| Profit before tax | 17.03 | 16.04 | 37.10 | 12.04 | −17.04 | 17.05 | 46.14 | 12.02 | 44.13 | 61.19 | 21.04 | 66.14 |
| Tax % | 28.1% | 26.1% | 22.1% | 31.1% | −28.9% | 32.1% | 24.1% | −11.9% | 27.1% | 6.0% | 29.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | 0.00 | 0.00 | 0.00 |
| Net Profit | 12.02 | 12.02 | 29.04 | 9.02 | −13.04 | 11.02 | 34.05 | 14.03 | 32.06 | 57.12 | 15.03 | 50.08 |
| EPS (Rs) | 4.94 | 5.00 | 11.70 | 3.56 | −5.12 | 4.54 | 13.75 | 5.73 | 13.18 | 22.47 | 5.82 | 18.31 |
| Dividend payout % | 20.0% | 20.0% | 17.0% | 28.0% | 0.0% | 22.0% | 9.0% | 18.0% | 11.0% | 18.0% | 26.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24.03 | 24.07 | 24.03 | 25.07 | 25.07 | 25.03 | 25.05 | 25.01 | 25.04 | 25.04 | 25.02 | 25.99 |
| Reserves | 89.02 | 98.18 | 111 | 137 | 142 | 128 | 142 | 176 | 186 | 216 | 277 | 353 |
| Borrowings | 35.04 | 11.02 | 49.06 | 34.07 | 23.04 | 9.99 | 17.01 | 43.96 | 33.02 | 52.02 | 67.92 | 110 |
| Other Liabilities | 113 | 92.44 | 117 | 170 | 137 | 219 | 383 | 521 | 490 | 776 | 866 | 1,255 |
| Total Liabilities | 262 | 227 | 300 | 366 | 327 | 382 | 567 | 766 | 733 | 1,069 | 1,236 | 1,744 |
| Fixed Assets | 36.11 | 35.09 | 35.09 | 33.10 | 35.11 | 38.15 | 34.12 | 32.08 | 38.14 | 43.14 | 41.13 | 40.12 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.01 | 11.01 | 26.04 | 36.10 | 28.05 | 16.04 | 29.06 | 34.07 | 24.07 | 26.06 | 32.08 | 38.06 |
| Other Assets | 222 | 181 | 238 | 297 | 264 | 328 | 503 | 698 | 671 | 999 | 1,163 | 1,666 |
| Inventories | 2.01 | 5.02 | 3.01 | 0.00 | 0.00 | 2.01 | 0.00 | 1.01 | 1.01 | 1.01 | 0.00 | 1.01 |
| Trade receivables | 53.97 | 18.99 | 64.97 | 88.95 | 57.92 | 52.92 | 66.92 | 88.97 | 105 | 125 | 93.84 | 172 |
| Cash & equivalents | 76.97 | 110 | 115 | 141 | 137 | 214 | 336 | 413 | 349 | 583 | 539 | 916 |
| Total Assets | 262 | 227 | 300 | 366 | 327 | 382 | 567 | 766 | 733 | 1,069 | 1,236 | 1,744 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −4.01 | 61.07 | −22.02 | 30.01 | 21.02 | 94.08 | −44.01 | 60.01 | −62.99 | 24.02 | −2.01 | −72.06 |
| Cash from investing activity | 2.99 | −7.99 | −14.96 | −7.99 | 3.99 | −0.99 | −2.99 | −3.99 | 4.99 | −7.98 | −9.98 | −12.97 |
| Cash from financing activity | −1.99 | −29.91 | 34.91 | −19.95 | −26.93 | −25.92 | −2.99 | −6.98 | −6.99 | 1.99 | 10.98 | 85.75 |
| Net cash flow | −2.99 | 23.93 | −2.99 | 1.99 | −0.99 | 65.82 | −50.89 | 47.89 | −64.79 | 17.95 | −0.99 | 0.99 |
| Capex | 1.53 | 2.50 | 5.22 | 1.85 | 3.01 | 4.96 | 2.69 | 4.82 | 7.87 | 8.68 | 6.88 | 8.78 |
| Free cash flow | −5.01 | 59.06 | −28.03 | 28.03 | 18.02 | 90.10 | −47.08 | 55.13 | −71.15 | 15.01 | −9.01 | −80.11 |
| CFO / OP % | −3.0% | 265.0% | −86.0% | 82.9% | 100.9% | −3,675.1% | −154.1% | 122.0% | −376.1% | 53.9% | 8.0% | −118.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 168 | 65 | 217 | 207 | 145 | 144 | 151 | 118 | 187 | 144 | 94 | 158 |
| Cash conversion cycle | 169 | 66 | 218 | 208 | 146 | 145 | 152 | 119 | 188 | 145 | 95 | 159 |
| Working capital days | −59 | −161 | −172 | −150 | −134 | −353 | −564 | −372 | −398 | −460 | −271 | −508 |
| ROCE % | 19.0% | 14.0% | 12.1% | 22.0% | 9.1% | −6.0% | 12.1% | 23.1% | 7.0% | 17.1% | 20.0% | 8.0% |
For the Sep 2026 quarter, Emkay Global Financial Services reported sales of ₹152 Cr, up 109.8% year on year and net profit of ₹31.04 Cr. The operating margin was 30.0%.
Emkay Global Financial Services' sales for the year to Mar 2026 were ₹397 Cr; over the last twelve months they were ₹480 Cr.
Net profit for the year to Mar 2026 was ₹15.03 Cr, and ₹50.08 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.31.
Emkay Global Financial Services reported borrowings of ₹110 Cr at Mar 2026, against cash and equivalents of ₹916 Cr.
Cash from operations was −₹72.06 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹80.11 Cr.