Emkay Global Financial Services Ltd was incorporated on January 24, 1995, as a private limited company with the name Emkay Share and Stock Brokers Pvt Ltd. In October 2005, it was converted into a public limited company and renamed Emkay Share and Stock Brokers Ltd. The company was formerly known as Emkay Share and Stock Brokers Private Limited and changed its name to Emkay Global Financial Services Limited in June 2008. Based in Mumbai, India, Emkay Global Financial Services Limited is a 360-degree financial services provider.
The company offers institutional broking, asset management, wealth/portfolio management, succession planning, investment banking, currency services, depository participant services, equity broking, commodity broking, distribution of financial products, and investment banking operations. It has established itself as a comprehensive financial services provider catering to a diverse clientele over nearly three decades of operations.
Emkay Global operates through multiple business verticals, offering a complete spectrum of financial services. Through its subsidiaries, Emkay Global Financial Services Limited provides stock broking, investment banking, portfolio management, and wealth management services in India. The company offers institutional equities, non-institutional equities, equity research, commodities, currency derivatives, fixed income products, and investment banking services, which include merchant banking, IPO advisory, equity capital markets, and M&A advisory services.
The wealth management division offers comprehensive solutions including client risk profiling, analyzing existing portfolios, asset allocation, investment planning, portfolio creation, portfolio monitoring, transactional support, MIS and information support, and advisory services; alongside estate and succession planning. Additionally, the company offers financial education through FinLearn Academy. Emkay Investment Managers Limited (EIML) is the Asset Management arm of Emkay Global Financial Services Ltd, acting as a SEBI-registered portfolio management and investment advisory company that offers diverse investment opportunities for clients seeking long-term outperformance (3-5 years+). Its clients include marquee Family Offices, HNIs, Corporates, NRIs, Insurance Companies, Trusts, and PE firms.
The company serves a distinguished and diversified clientele that includes institutional investors, mutual funds, hedge funds, banks, insurance companies, private equity firms, corporate houses, small and medium-sized enterprises, and high net worth individuals. This broad client base demonstrates the company's ability to cater to various segments of the financial services market. It has over 300 clients.
Emkay Wealth Management is positioned as a leader in the financial services space, with a strong record of building wealth for clients for over two decades. It offers the entire spectrum of financial services backed by one of the strongest and highly awarded research teams in the country.
In FY23, the company's PMS+AIF AUMs stood at Rs. 5,984 Million and Wealth AUMs at Rs. 2,348 Million. Additionally, the company currently manages assets exceeding INR 1,500 Crore. These figures reflect its significant presence in the asset management space and its ability to attract and retain client assets across different investment products.
For the financial year ended March 2025, net profit rose by 75.18% to Rs 56.83 crore, compared to Rs 32.44 crore during the previous year ended March 2024. Sales increased by 18.06% to Rs 333.35 crore in the year ended March 2025, against Rs 282.36 crore during the previous year ended March 2024.
However, the most recent quarterly performance showed some challenges. Net profit of Emkay Global Financial Services declined by 19.60% to Rs 8.49 crore in the quarter ended March 2025, compared to Rs 10.56 crore during the previous quarter ended March 2024. Sales declined by 22.02% to Rs 70.38 crore in the quarter ended March 2025, against Rs 90.25 crore during the previous quarter ended March 2024.
• Revenue (FY25): Rs 333.35 crore
• Net Profit (FY25): Rs 56.83 crore
• Market Capitalization: ₹579.97 Cr (as of 2nd July 2025)
• P/E Ratio: 10.21
• Dividend Yield: 1.70%
• Quarterly Net Profit (Mar 2025): Rs 8.49 crore (down 19.60% YoY)
• Quarterly Sales (Mar 2025): Rs 70.38 crore (down 22.02% YoY)
Emkay Global Financial Services Ltd had a market capitalization of ₹523 Cr as on 20-May-2025. As per Value Research classification, it is a Small Cap company. The stock has shown reasonable performance with a return of 24.12% in the last 3 years.
The company's valuation metrics appear attractive compared to peers. The P/B ratio of Emkay Global Financial Services Ltd is 1.81 times as on 20-May-2025, representing a 54% discount to its peers' median range of 3.95 times. The P/E ratio of Emkay Global Financial Services Ltd is 8.87 times as on 20-May-2025, showing a 71% discount to its peers' median range of 30.91 times.
The stock has demonstrated significant volatility. The 52-week high for Emkay Global Financial Services Ltd (EMKAY) was ₹369.80 and the 52-week low was ₹154.65.
Promoter holding in Emkay Global Financial Services Ltd decreased to 72.35% as of Mar 2025 from 74.27% as of Jun 2024. The promoter holding remains substantial, indicating strong management commitment while allowing for some public participation in the company's growth story.
The company has demonstrated consistent growth in revenue over the years. Over the last 5 years, revenue has grown at a yearly rate of 21.73%, which is higher than the industry average of 20.12%, indicating the company's ability to outperform industry benchmarks. Over the last 5 years, its market share increased from 0.51% to 0.54%, showing gradual market share expansion in the competitive financial services landscape.
Emkay Global Financial Services continues to strengthen its position in the Indian financial services sector through its diversified service offerings, experienced management team, and strong research capabilities, positioning itself well for future growth in India's expanding capital markets.
