SMC Global Securities Ltd, incorporated in 1994, is a diversified financial services company based in New Delhi that offers comprehensive financial solutions across multiple segments including broking, distribution, trading, and financing services. The company operates as a Trading and Clearing Member of NSE, BSE, MSEI and NCDEX and holds Depository Participants registration of Central Depository Services India Limited and National Securities Depository Limited.
Under the leadership of Chairman Subhash Chand Aggarwal, the company was listed on February 24, 2021, and has established itself as a significant player in India's financial services sector. As of recent data, SMC Global Securities holds a market capitalization of approximately ₹1,607 crores, with promoter holding at 67.3%.
This primary segment comprises brokerage income earned on secondary market transactions done on behalf of clients, services rendered as depository participant, clearing services, research support services, proprietary trading in securities, commodities, derivatives and portfolio management services. The company provides services across equity derivative, currency and commodity asset classes with its own brand of gold and silver coins.
Through SMC Insurance Brokers Pvt. Ltd, the company sells insurance policies, leveraging a digital-first servicing approach to both B2B and B2C networks, AI-driven distribution and a vast POSP/MISP network. This segment provides a complete array of services in life insurance and general insurance category.
Moneywise Financial Services Pvt. Ltd serves as their NBFC arm which provides lending products, including SME loans, supply chain financing, and gold loans, with asset management and risk control measures, supporting small businesses and self-employed individuals.
The company offers Portfolio Management Services (PMS), client-centric advisory and relationship management through SMC Investments & Advisors Limited, serving 11,763 clients and managing an Assets Under Management (AUM) of ₹948 crores as of FY25. SMC Capitals Ltd, their Category I Merchant Banking arm, provides corporate advisory, fund-raising and M&A solutions, partnering with Translink Corporate Finance, a global leader in mid-market cross-border M&A services operating in over 35 countries.
The company has 10 subsidiaries and one joint venture, with an international presence through its wholly owned subsidiary SMC Comex International DMCC which is a member of Dubai Gold and Commodity Exchange DGCX. SMC Global IFSC Pvt. Limited provides broking and clearing services on NSEIX, India INX and IIBX to its clients, holding a market share of 48.05% in gold and 36.60% in silver traded at the exchange in FY25.
SMC Global Securities Ltd's net profit fell 94.35% to ₹3.73 crores in Q4 FY25 compared to the same period last year. The company reported revenue of ₹425.38 crores as of March 2025 (Q4 FY25) with a net profit of ₹4.09 crores.
Sales declined 17.26% to ₹421.47 crore in the quarter ended March 2025 as against ₹509.42 crore during the previous quarter ended March 2024. However, the company demonstrated resilience amid geopolitical tensions and regulatory changes, achieving consolidated revenue growth of 8.4% year-over-year, with total revenue reaching ₹1,775.7 crore for the fiscal year.
For the full year, net profit declined 22.21% to ₹145.69 crore in the year ended March 2025 as against ₹187.28 crore during the previous year ended March 2024. Sales rose 8.38% to ₹1775.74 crore in the year ended March 2025 as against ₹1638.41 crore during the previous year ended March 2024.
• Q4 FY25 Performance: Net Profit of ₹3.73 crores, Revenue of ₹425.38 crores
• FY25 Performance: Net Profit of ₹145.69 crores, Sales of ₹1775.74 crores
• Market Capitalization: ₹1,607 crores (approx.)
• Promoter Holding: 67.3%
• 52-week High: ₹183
• 52-week Low: ₹101
• P/E Ratio: 13.57
• P/B Ratio: 1.48
SMC Global Securities announced that the Board of Directors at its meeting held on May 11, 2025, recommended a final dividend of ₹1.2 per equity share (i.e., 60%), subject to the approval of shareholders. The company had earlier declared an interim dividend of ₹1.2 per equity share in January 2025. The current dividend yield is approximately 1.76% to 1.90%.
Despite challenges in the NBFC segment, including rising non-performing assets, there is cautious optimism for a 20% increase in Assets Under Management in FY'26, bolstered by favorable market conditions. The stock broking segment has faced decreased trading volumes due to new regulations, yet improving market sentiment and institutional buying signal potential recovery. The management's focus on leveraging a diversified business model and enhancing operational efficiency positions the company for future growth as market conditions stabilize.
SMC Global Securities Ltd continues to strengthen its position in India's financial services sector through its diversified business model, technological investments, and strategic partnerships across multiple financial verticals, indicating a robust strategy for navigating future market dynamics and securing sustained growth.
