Emkay Global Financial Services Ltd

BSE: EMKAY532737ISIN INE296H01011

Financial Services
Stockbroking & Allied

BSE listing

Share price

₹245.35-2.25 (-0.91%)

as of 18 Sep 2026

52W high: ₹409.90
52W low: ₹185.30
Off 52W high: -40.14%
1M return: +2.36%
3M return: -15.37%
6M return: +11.22%
1Y return: -4.64%
20D avg volume: 1,982
50 DMA: ₹246.41
200 DMA: ₹249.23

Key ratios Consolidated

Market cap: ₹670.54 Cr
Current price: ₹245.35
52W high / low: ₹409.90 / ₹185.30
Face value: ₹10.00
P/E: 34.34
P/B: —
EPS (TTM): ₹7.14
Book value / share: —
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-47.49 Cr
Interest cover: 2.63
Dividend yield: 0.61%
Dividend / share (TTM): ₹1.50
Payout: 21.01%
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	91.92	148.39	87.08	72.09	72.98	71.04	—
	4.61	4.82	4.74	4.99	4.78	5.81	—
	87.80	143.60	85.80	76.76	72.50	75.90	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	51.61	54.18	50.05	41.88	42.53	42.68	—
	4.29	4.28	3.43	2.80	2.44	1.68	—
	3.01	3.69	3.55	3.28	2.91	3.29	—
	19.72	22.91	21.31	21.26	17.19	20.25	—
	8.73	9.60	6.01	0.32	5.25	0.95	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	8.73	9.60	6.01	0.32	5.25	0.95	—
	0.72	3.96	1.68	0.02	0.45	-7.47	—
	9.11	5.66	4.30	0.46	4.78	8.48	—
	3.39	2.20	1.68	0.18	1.88	3.40	—
Key metrics
	9.90%	3.80%	4.90%	0.60%	6.50%	11.90%	—
	26.00%	108.90%	—	—	—	—	—
	90.60%	-33.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	399.48	376.96	336.17	—
	19.16	19.33	25.07	—
	393.96	375.10	300.51	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	197.72	188.64	170.86	—
	14.80	12.96	6.96	—
	13.53	13.43	11.64	—
	85.20	82.67	81.01	—
	24.66	21.19	60.73	—
	0.00	0.00	0.00	—
	24.66	21.19	60.73	—
	6.38	6.12	3.82	—
	19.53	15.20	56.83	—
	7.45	5.92	22.80	—
Key metrics
	4.89%	4.00%	16.90%	—
	—	12.10%	—	—
	—	-73.30%	—	—
	—	-80.49	-8.95	—
	—	-4.72	-0.04	—
	—	0.00	0.00	—
	—	-47.49	-46.47	—
Balance sheet
	—	1,740	1,233	—
	—	47.49	46.47	—
	—	172.07	94.13	—
	—	0.00	0.00	—
	—	31.45	31.56	—
	—	0.00	0.00	—
	—	380.67	303.17	—
Cash flow
	—	-71.73	-2.09	—
	—	-13.18	-10.15	—
	—	85.92	10.88	—
	—	8.76	6.86	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	83.00	143.56	79.48	63.57	65.30	69.31	—
	4.43	4.50	4.66	4.49	4.55	5.51	—
	80.45	135.80	79.81	71.04	67.07	71.54	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	45.02	47.57	44.47	36.64	37.57	35.80	—
	5.57	5.47	4.87	3.86	3.32	2.29	—
	2.62	3.24	3.11	2.88	2.52	2.85	—
	20.42	22.18	21.69	21.49	17.54	21.54	—
	6.98	12.25	4.34	-2.99	2.79	3.27	—
	0.00	0.00	0.00	0.00	0.00	-0.36	—
	6.98	12.25	4.34	-2.99	2.79	2.91	—
	0.34	4.14	1.21	-0.88	0.03	-8.04	—
	6.65	8.12	3.13	-2.11	2.76	10.96	—
	2.48	3.16	1.23	-0.83	1.09	4.40	—
Key metrics
	8.00%	5.70%	3.90%	-3.30%	4.20%	15.80%	—
	27.10%	107.10%	—	—	—	—	—
	140.90%	-25.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	369.61	348.99	315.35	—
	18.08	18.20	24.30	—
	367.10	350.80	278.25	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	173.70	166.26	149.03	—
	19.77	17.52	9.00	—
	11.85	11.75	9.91	—
	85.78	82.90	83.04	—
	20.58	16.39	61.40	—
	0.00	0.00	-0.36	—
	20.58	16.39	61.04	—
	4.81	4.49	2.13	—
	15.79	11.90	58.91	—
	6.04	4.64	23.64	—
Key metrics
	4.27%	3.40%	18.70%	—
	—	10.70%	—	—
	—	-79.80%	—	—
	—	-88.78	-26.18	—
	—	-6.76	-0.33	—
	—	0.13	0.08	—
	—	15.20	5.75	—
Balance sheet
	—	1,697	1,131	—
	—	24.80	14.25	—
	—	166.84	90.56	—
	—	0.00	0.00	—
	—	30.30	29.91	—
	—	40.00	20.00	—
	—	309.56	237.14	—
Cash flow
	—	-80.43	-19.51	—
	—	-11.05	-11.59	—
	—	102.02	21.97	—
	—	8.35	6.67	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 72.83%

Holder	Type	Holding	Previous	Change
Krishna Kumar Karwa	Promoter	22.58%	—	—
Prakash Kacholia	Promoter	18.48%	—	—
Emkay Corporate Services Private Limited	Promoter	17.75%	—	—
Priti Prakash Kacholia	Promoter Group	6.88%	—	—
Raunak Karwa	Promoter Group	6.40%	—	—
Nirav Mahendra Sheth	Public	1.40%	—	—
Sanjiv Dhireshbhai Shah	Public	1.39%	—	—
Rajiv P Shroff	Public	1.29%	—	—
Yatin Kumar Singh	Public	1.13%	—	—
Mahi Madhusudan Kela	Public	1.06%	—	—
Murlidhar Karwa (HUF) (Krishna Kumar Karwa being Karta)	Promoter Group	0.37%	—	—
Krishna Kumar Karwa (HUF) (Krishna Kumar Karwa being Karta)	Promoter Group	0.37%	—	—
Nidhi Kacholia	Promoter Group	0.00%	—	—
Prakash Kacholia (HUF) ( Prakash Kacholia being Karta)	Promoter Group	0.00%	—	—
Soumya Karwa	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Receipt of In-Principle approval from stock exchanges for listing of 50,000 Equity Shares pursuant to conversion of warrants by way of preferential issue11 Sep 2026 · Company Update / General
Newspaper advertisement of Notice of Postal Ballot11 Sep 2026 · Company Update / Newspaper Publication
Intimation regarding Postal Ballot Notice to approve the appointment of Mr. Rajesh Shah as Non Executive Independent Director of the Company for a period of 5 years with effect from 19th August, 2026.10 Sep 2026 · AGM/EGM / Postal Ballot
Allotment of 1,50,000 equity shares of Rs.10/- each upon conversion of warrants at its Management Committee meeting held on 09.09.20269 Sep 2026 · Company Update / Allotment of Equity Shares
Intimation of receipt of trading approval letters for listing of Equity Shares from stock exchanges9 Sep 2026 · Company Update / General
Allotment of Non-Convertible Debentures7 Sep 2026 · Company Update / Allotment of Equity Shares
Appointment of Mr. Nikhil Sharma as Chief Information and Security Officer (CISO)4 Sep 2026 · Company Update / Change in Management
Newspaper Publication2 Sep 2026 · Company Update / Newspaper Publication
Intimation regarding incorporation of Wholly owned Subsidiary Company24 Aug 2026 · Company Update / Acquisition
Intimation of Allotment of 50,000 equity shares pursuant to conversion of warrants at its Management meeting held on 21st August, 202621 Aug 2026 · Company Update / Allotment of Equity Shares
Outcome of Management Committee for Issuance of Non-Convertible Debentures21 Aug 2026 · Company Update / Raising of Funds
Outcome of Management Committee Meeting for Issuance of Non-Convertible Debentures21 Aug 2026 · Board Meeting / Outcome of Board Meeting
Appointment of Mr. Rajesh Shah as an Additional Non Executive Independent Director of the Company.18 Aug 2026 · Company Update / General
Appointment of Mr. Rajesh Shah as an Additional Non-Executive Independent Director of the Company.18 Aug 2026 · Company Update / Change in Directorate
Trading window closure18 Aug 2026 · Insider Trading / SAST / Closure of Trading Window
Emkay Global Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/08/2026 ,inter alia, to consider and approve Issuance of ....18 Aug 2026 · Board Meeting / Board Meeting
Evoting results and Scrutinizer Report12 Aug 2026 · AGM/EGM / AGM
Proceedings of 32nd AGM10 Aug 2026 · Company Update / General
Outcome of AGM10 Aug 2026 · AGM/EGM / AGM
Completion of term of Dr. Satish Ugrankar as Non executive Independent Director of the Company.9 Aug 2026 · Company Update / General
Completion of term of Dr. Satish Ugrankar as Non Executive Independent Director of the Company.9 Aug 2026 · Company Update / Change in Directorate
Receipt of In-Principle approval from National Stock Exchange of India Limited for Listing of 100000 Equity Shares pursuant to conversion of warrants by way of preferential issue.4 Aug 2026 · Company Update / General
Intimation of credit rationale4 Aug 2026 · Company Update / Credit Rating
Intimation of Credit Rating1 Aug 2026 · Company Update / Credit Rating
Receipt of In-Principle approval from BSE Limited for Listing of Equity Shares pursuant to conversion of warrants by way of preferential issue.31 Jul 2026 · Company Update / General
Intimation of Allotment of 1,00,000 Equity Shares pursuant to conversion of warrants at its Management meeting held on 29th July, 2026.29 Jul 2026 · Company Update / Allotment of Equity Shares
Newspaper Publication- Financial Results for quarter ended 30th June, 202628 Jul 2026 · Company Update / Newspaper Publication
Monitoring Agency Report27 Jul 2026 · Company Update / Monitoring Agency Report
Update27 Jul 2026 · Company Update / General
Update27 Jul 2026 · Company Update / General
Earning Presentation27 Jul 2026 · Company Update / Investor Presentation
Update27 Jul 2026 · Company Update / General
Statement of Deviation27 Jul 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Financial Results for Quarter Ended 30th June 202627 Jul 2026 · Result / Financial Results
Outcome of Board Meeting dated 27th July, 202627 Jul 2026 · Board Meeting / Outcome of Board Meeting
Emkay Global Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/07/2026 ,inter alia, to consider and approve Intimation ....22 Jul 2026 · Board Meeting / Board Meeting
Intimation of receipt of trading approval for listing of equity shares pursuant to conversion of warrants on prefrential issue basis under Chapter V of SEBI (ICDR) Regulations, 2018 is enclosed.22 Jul 2026 · Company Update / General
Completion of Dispatch of Notice of AGM and Annual Report.18 Jul 2026 · Company Update / Newspaper Publication
Newspaper clipping - Intimation of AGM17 Jul 2026 · Company Update / Newspaper Publication
Fixation of Record Date17 Jul 2026 · Corp. Action / Record Date

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.5000	3 Aug 2026	3 Aug 2026	—
Final Dividend - Rs. - 1.5000	4 Aug 2025	4 Aug 2025	—
Special Dividend - Rs. - 2.5000	4 Aug 2025	4 Aug 2025	—
Final Dividend - Rs. - 1.5000	1 Aug 2024	—	—

Board meetings

27 Jul 2026 Board Meeting - Financial Results