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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
SMC Global Securities Limited is a diversified financial services company. The Company’s segments include broking, distribution and trading; insurance broking services, and financing activities. The Broking, Distribution and Trading segment comprises brokerage dealing in…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, priced for perfection.
SMC Global Securities is scored on the nbfc / financials framework. It keeps a slim 5.5% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 16%/yr and profit at -5%/yr. Book value has grown 12%/yr. Return on equity is a modest 8.6%. In the latest quarter profit fell 23% versus the prior quarter.
At 19× earnings, the stock sits at the 80th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 16.76 | 21.76 | better |
| P/B | 1.45 | 3.34 | better |
| EV/EBITDA | 4.41 | — | — |
| ROE | 8.55 | — | — |
| ROCE | 10.52 | 5.66 | better |
| ROA | 2.06 | 0.5 | better |
| Quick Ratio | 1.24 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Groww | 50.1 | 11.7 | 23.3% |
| Motilal Oswal Fin | 24.6 | 4.3 | 17.4% |
| 360 One Wam | 39.3 | 3.9 | 12.0% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 16% CAGR over 3 years — steady double-digit compounder.
Revenue is outpacing profit (16% vs -5%) — costs are rising faster than the top line.
Operating margin has compressed from 13% to 7% — costs or competition are eating into profitability.
ROE at 8% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-5% vs -24%) — share dilution is eroding per-share value. -24% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (7% spread) — a predictable, non-seasonal revenue stream.
Profit fell 23% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 66.6% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.