Operates a diversified financial services platform across equity broking and distribution, insurance broking, and non-banking lending. Broking, Distribution and Trading generated 56.0% of FY26 segment revenue at Rs 1,089.22 cr with EBIT of Rs 239.35 cr; the segment spans retail broking, mutual fund distribution, wealth management and the Stoxkart subscription-based discount broking platform, serving 13.8 lakh broking accounts with DP AUA of Rs 1.65 lakh cr and mutual fund AUM of Rs 4,787 cr backed by 92,129 active SIPs. Insurance broking contributed 34.3% of segment revenue at Rs 667.53 cr but only Rs 14.29 cr of EBIT, reflecting upfront investment in a composite broker upgrade and distribution build-out; the unit placed gross premium of Rs 759 cr across 2.7 lakh policies, using 492 employees, 16,747 POS agents and 3,652 agents. Financing activities (NBFC) made up 9.7% of segment revenue at Rs 188.94 cr with EBIT of Rs 102.21 cr, lending against gold and micro-LAP with AUM of Rs 1,025 cr across 40 branches in 7 states and a secured-retail share of 75% of book. Employee costs at 19.7% of revenue are the largest operating line, followed by other operating expenses at 7.7% and depreciation at 1.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Broking, Distribution and Trading (56%), Insurance Broking (34%), Financing activities (10%). Diversified, asset-light financial services platform across broking, insurance distribution and NBFC lending
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,106 | 1,217 | 1,638 | 1,776 | 1,877 |
| EBITDA (ex other income) | 285 | 270 | 425 | 419 | 376 |
| margin % | 25.7 | 22.2 | 25.9 | 23.6 | 20.1 |
| Owners' profit | 174 | 120 | 188 | 146 | 102 |
| EPS, as reported (₹) | 15.43 | 11.25 | 17.89 | 13.92 | 4.87 |
| ROE % · ROCE % | 18.8 · — | 12.9 · — | 17.1 · — | 12.0 · — | 7.9 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 209 | (265) | (193) | 24 | (73) |
| Capex | (64) | (30) | (29) | (29) | (45) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 451 | 455 | 421 | 425 | 865 | 495 | 517 | 515 |
| Profit before tax | 61 | 56 | 6 | 38 | 66 | 39 | 29 | 47 |
| Net profit | 46 | 44 | 4 | 30 | 51 | 31 | 21 | 37 |
| EPS (₹) | 4.33 | 4.17 | 0.36 | 2.84 | 4.81 | 1.46 | 1.01 | 1.75 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Broking, Distribution and Trading | 287 | 12.0 |
| Insurance Broking | 208 | 8.7 |
| Financing activities | 240 | 10.0 |
| Broking, distribution and trading | 1,077 | 45.1 |
| Insurance broking services | 575 | 24.1 |
| Total, before eliminations | 2,387 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Aug 2026 · SMC Global redeems NCDs worth about Rs 33.52 crore at maturity | credit debt | medium | — | — |
| 31 Jul 2026 · SMC Global Q1 FY27: PAT up 22% YoY to Rs 36.7 cr; insurance revenue up 44% | investor communications | medium | — | — |
| 27 Jul 2026 · Audio recording of Q1 FY27 earnings call uploaded | investor communications | low | — | — |
| 27 Jul 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 27 Jul 2026 · SMC Global publishes Q1 FY27 results in Jansatta and Financial Express | compliance | minimal | — | — |
| 27 Jul 2026 · SMC Global Q1 FY27: Revenue Rs 515 Cr, PAT Rs 36.7 Cr, up 21% YoY | investor communications | medium | — | — |
| 26 Jul 2026 · Board clears Q1 results, plans Rs 150 cr NCD public issue | credit debt | medium | — | — |
| 26 Jul 2026 · Resignation of VP Treasury and Debt Solutions Desk | management changes | medium | — | — |
| 26 Jul 2026 · SMC Global appoints Rahul Yadav as Compliance Officer under SEBI PIT rules | management changes | medium | — | — |
| 26 Jul 2026 · Compliance Officer change under SEBI Insider Trading rules | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 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) | 9.6 | 15.4 | 11 of 37 | 72% |
| P/B | 1.4 | 1.8 | 17 of 40 | 59% |
| ROE | 7.9 | 9.6 | 22 of 40 | 46% |
| Debt / Equity | 0.0 | 0.0 | 1 of 40 | 36% |
| EBITDA margin | 20.9 | 31.2 | 29 of 39 | 26% |
| Revenue growth | 21.2 | 22.4 | 19 of 35 | 47% |
| Profit growth | 22.7 | 13.4 | 17 of 38 | 57% |
| Market cap | 1809 | 507 | 12 of 42 | 73% |
| 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.
