Operates in India's capital markets with FY26 revenue of Rs 376.96 crore, dominated by its Advisory, Transactional and other related activities segment which generated Rs 391.97 crore (97.4% share) covering broking, advisory and transactional services to clients. The Financing and Investment Activities segment contributed Rs 10.44 crore (2.6% share) but produced a higher EBIT of Rs 8.70 crore versus Rs 12.49 crore from the larger advisory segment. As of Q1 FY27, the firm runs nine asset management strategies that all reportedly outperformed benchmarks, and the wealth management vertical — to be housed in a new wholly owned subsidiary — is being structurally separated from the core. Employee costs are the largest input at 50% of FY26 revenue, with other operating expenses at 21.9%. Capital structure includes ICRA BBB+ rated non-convertible debentures within total rated facilities of Rs 1,000 crore and a standalone debt-equity ratio of 0.45. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Advisory, Transactional and other related activities (97%), Financing and Investment Activities (3%). Asset-light, people-driven stockbroking, advisory and wealth management
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 271 | 203 | 282 | 336 | 377 |
| EBITDA (ex other income) | 54 | 14 | 25 | 54 | 28 |
| margin % | 19.8 | 6.7 | 8.7 | 16.1 | 7.5 |
| Owners' profit | 34 | 14 | 32 | 57 | 15 |
| EPS, as reported (₹) | 13.76 | 5.76 | 13.16 | 22.80 | 5.92 |
| ROE % · ROCE % | 16.8 · — | 6.7 · — | 13.5 · — | 18.7 · — | 4.0 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 59 | (63) | 22 | (2) | (72) |
| Capex | (5) | (8) | (9) | (7) | (9) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 108 | 76 | 71 | 73 | 72 | 87 | 148 | 92 |
| Profit before tax | 31 | 11 | 1 | 5 | 0 | 6 | 10 | 9 |
| Net profit | 26 | 9 | 8 | 5 | 0 | 4 | 6 | 9 |
| EPS (₹) | 10.49 | 3.45 | 3.40 | 1.88 | 0.18 | 1.68 | 2.20 | 3.39 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Advisory, Transactional and other related activities | 155 | 38.1 |
| Financing and Investment Activities | 8 | 2.0 |
| Advisory, Transactional and other related services | 91 | 22.3 |
| (a) Advisory, Transactional & Other Related Activities | 75 | 18.6 |
| (b) Financing and Investment Activities | 2 | 0.6 |
| Advisory Transactional and other ativities | 75 | 18.4 |
| Total, before eliminations | 407 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Promoter Prakash Kacholia's 50,000 warrants get listing approval from NSE and BSE | capital market events | low | — | — |
| 11 Sept 2026 · Emkay Global seeks shareholder approval to appoint Independent Director via postal ballot | compliance | minimal | — | — |
| 10 Sept 2026 · Postal Ballot to appoint Rajesh Shah as Independent Director for 5 years | management changes | medium | — | — |
| 9 Sept 2026 · Emkay Global allots 1.5 lakh shares on warrant conversion to promoter | fund raising | medium | — | — |
| 9 Sept 2026 · Emkay Global gets NSE and BSE trading nod for 1 lakh promoter shares | capital market events | low | — | — |
| 7 Sept 2026 · Emkay Global allots 50 crore rupees worth of NCDs at 11.50 percent coupon | fund raising | medium | — | — |
| 4 Sept 2026 · Emkay Global appoints Nikhil Sharma as CISO | management changes | medium | — | — |
| 2 Sept 2026 · Newspaper notice on dematerialisation of physical shares | compliance | minimal | — | — |
| 24 Aug 2026 · Emkay Global incorporates wholly owned subsidiary Emkay Capital | strategic transactions | medium | — | — |
| 21 Aug 2026 · Allotment of 50000 shares on warrant conversion to promoter | fund raising | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BILLIONBRAINS GARAGE VN L | 1,24,828 | 50.3 | 12.93 | 42.5 | 21.6 | 28.9 | — | 67.8 |
| MOTILAL OSWAL FIN LTD | 61,810 | 31.2 | 4.77 | 14.5 | 14.5 | — | 20.9 | 57.7 |
| 360 ONE WAM LIMITED | 44,371 | 35.0 | 4.51 | 15.5 | 12.4 | — | 22.0 | 66.8 |
| NUVAMA WEALTH MANAGE LTD | 31,853 | 15.0 | 7.73 | 12.7 | 25.2 | — | — | 53.0 |
| ANGEL ONE LIMITED | 27,862 | 5.2 | 4.53 | 15.1 | 14.9 | — | 32.4 | 34.2 |
| IIFL CAPITAL SERVICES LTD | 10,617 | 18.4 | 3.46 | 9.9 | 18.4 | — | 25.1 | 50.0 |
| SHARE IND. SECURITIES LTD | 4,335 | 11.9 | 1.63 | 6.5 | 12.2 | — | 26.8 | 45.5 |
| ANAND RATHI SH N STK BR L | 3,101 | 19.5 | 2.30 | 10.1 | 9.6 | 11.5 | — | 31.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 33.7 | 15.4 | 32 of 37 | 14% |
| P/B | 1.8 | 1.8 | 20 of 40 | 51% |
| ROE | 4.0 | 9.6 | 31 of 40 | 23% |
| Debt / Equity | 0.0 | 0.0 | 1 of 40 | 36% |
| EBITDA margin | 17.4 | 31.2 | 31 of 39 | 21% |
| Revenue growth | 25.9 | 22.4 | 12 of 35 | 68% |
| Profit growth | 90.4 | 13.4 | 6 of 38 | 87% |
| Market cap | 686 | 507 | 19 of 42 | 56% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
