- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0006051

About Emkay Global Financial Services Limited
Data last updated:
Emkay Global Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 24 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1995PLC084899. Its GSTIN is 27AAACE0994L1ZC (Maharashtra). The company holds 19 GST registrations, of which 18 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532737 and NSE: EMKAY.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹27.93 Cr. It was formerly known as Emkay Share and Stock Brokers Private Limited and Emkay Share and Stock Brokers Limited. It is led by directors including Prakash Ramswaroop Kacholia (Managing Director) and Krishna Kumar Karwa (Managing Director).
Its last annual general meeting (AGM) was held on 10 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 7th Floor The Ruby Senapati Bapat Marg Dadar(West), Mumbai, Maharashtra, India – 400028.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹395.57 Cr, a growth of 9.7% compared to the previous year. For the same year it recorded a net profit of ₹15.44 Cr (net margin 3.9%) and EBITDA of ₹46.86 Cr (EBITDA margin 11.8%). The net worth stands at ₹380.67 Cr (up 25.6% YoY). Total assets are valued at ₹491.12 Cr (up 32.2% YoY).
The company has about 358 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Emkay. As per MCA filings, the company has open charges of ₹813.08 Cr and satisfied charges of ₹512.25 Cr on record. Court records list 69 cases involving the company, including 51 filed by the company and 18 filed against it; 14 cases are pending. The company has 42 deals on record (29 market trades, 13 secondary share transfers); the latest was in April 2024. Its 3 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 1 larger and 2 smaller; the largest is Findoc Investmart Private Limited with revenue of ₹362 Cr.
Emkay Global Financial Services Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0006051). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website emkayglobal.com.
Company details
Name history
Emkay Global Financial Services has undergone 2 name changes throughout its history. The company was previously known as Emkay Share And Stock Brokers Private Limited, and Emkay Share And Stock Brokers Limited. The current legal name is Emkay Global Financial Services Limited.
| Company Name | Status |
|---|---|
| Emkay Global Financial Services Limited | Current |
| Emkay Share And Stock Brokers Private Limited | Previous |
| Emkay Share And Stock Brokers Limited | Previous |
CIN history
Emkay Global Financial Services has one previous CIN (Corporate Identification Number): U67120MH1995PTC084899. The current CIN is L67120MH1995PLC084899, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120MH1995PLC084899 | Current |
| U67120MH1995PTC084899 | Previous |
Recognitions & Rankings of Emkay Global Financial Services
Contact details
Emkay Global Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is emkayglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7th Floor The Ruby Senapati Bapat Marg Dadar(West), Mumbai, Maharashtra, India – 400028
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Emkay Global Financial Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Emkay Global Financial Services operates one associated brand: Emkay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Full-service corporate advisory services are provided by Emkay. | emkayglobal.com |
Business activity
The main business activity of Emkay Global Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Emkay Global Financial Services Limited, buy the company report.
Financials of Emkay Global Financial Services Limited
FY 2025-26 filings availableEmkay Global Financial Services Limited reported revenue of ₹395.57 Cr (up 9.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 396 | 360 | 316 | 205 | 272 | 160 | 135 |
| Revenue growth | +9.8% | +14.1% | +54.3% | -24.8% | +69.9% | +19.1% | - |
| EBITDA | 46.86 | 78.52 | 58.15 | 15.25 | 55.30 | 26.39 | (2.77) |
| EBITDA margin | +11.9% | +21.8% | +18.4% | +7.5% | +20.3% | +16.5% | -2.1% |
| Profit before tax | 21.19 | 60.73 | 43.96 | 12.49 | 46.07 | 17.36 | (16.78) |
| Net profit | 15.44 | 56.84 | 29.76 | 14.09 | 33.89 | 11.14 | (12.45) |
| Net profit margin | +3.9% | +15.8% | +9.4% | +6.9% | +12.5% | +7.0% | -9.3% |
| EPS (₹) | 5.80 | 22.40 | 13.14 | 5.71 | 13.72 | 4.52 | (5.12) |
| Balance sheet | |||||||
| Total assets | 491 | 372 | 293 | 243 | 245 | 183 | 163 |
| Net worth | 381 | 303 | 241 | 210 | 201 | 166 | 153 |
| Total debt | 110 | 68.35 | 52.03 | 32.97 | 44.12 | 17.02 | 9.77 |
| Cash & bank | 916 | 539 | 583 | 349 | 413 | 336 | 214 |
| Net working capital | 366 | 271 | 185 | 125 | 135 | 88.17 | 83.63 |
| Cash flow | |||||||
| Cash from operations | (71.73) | (2.09) | 24.05 | (63.42) | 59.74 | (44.27) | 94.23 |
| Cash from investing | (13.17) | (10.14) | (8.12) | 5.06 | (4.02) | (3.01) | (1.27) |
| Cash from financing | 85.92 | 10.88 | 2.41 | (6.90) | (7.29) | (3.41) | (26.48) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 151 | 91.92 | 148 | 87.08 | 72.09 | 72.97 | 71.04 | 77.30 |
| Revenue growth (YoY) | +110.0% | +26.0% | +108.9% | +12.7% | -33.3% | -11.8% | - | - |
| Other income | 5.35 | 4.61 | 4.82 | 4.74 | 4.99 | 4.78 | 5.81 | 6.58 |
| EBITDA | 44.73 | 11.42 | 12.76 | 8.26 | 1.41 | 5.82 | 0.11 | 9.43 |
| EBITDA margin | +29.7% | +12.5% | +8.7% | +9.6% | +2.0% | +8.0% | +0.2% | +12.3% |
| Depreciation | 3.31 | 3.01 | 3.69 | 3.55 | 3.28 | 2.91 | 3.29 | 2.94 |
| Interest | 5.76 | 4.29 | 4.28 | 3.43 | 2.80 | 2.44 | 1.68 | 1.84 |
| Profit before tax | 41.01 | 8.73 | 9.61 | 6.02 | 0.32 | 5.25 | 0.95 | 11.23 |
| Tax | 9.93 | 0.72 | 3.96 | 1.69 | 0.02 | 0.46 | (7.47) | 2.50 |
| Net profit | 31.08 | 8.01 | 5.65 | 4.33 | 0.30 | 4.79 | 8.42 | 8.73 |
| EPS (₹) | 10.34 | 3.07 | 2.05 | 1.59 | 0.18 | 1.82 | 3.28 | 3.31 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 367 | 339 | 283 | 198 | 180 | 141 | 119 |
| Revenue growth | +8.2% | +19.9% | +42.9% | +10.2% | +27.4% | +18.5% | - |
| EBITDA | 45.26 | 79.34 | 48.30 | 19.58 | 24.67 | 18.63 | (5.12) |
| EBITDA margin | +12.3% | +23.4% | +17.1% | +9.9% | +13.7% | +13.2% | -4.3% |
| Profit before tax | 16.38 | 61.04 | 34.00 | 6.98 | 18.55 | 11.41 | (18.00) |
| Net profit | 12.15 | 58.91 | 24.48 | 11.69 | 11.56 | 6.95 | (11.87) |
| Net profit margin | +3.3% | +17.4% | +8.7% | +5.9% | +6.4% | +4.9% | -10.0% |
| EPS (₹) | 4.54 | 23.22 | 9.91 | 4.32 | 5.40 | 3.26 | (5.11) |
| Balance sheet | |||||||
| Total assets | 458 | 323 | 224 | 169 | 177 | 137 | 130 |
| Net worth | 310 | 237 | 173 | 151 | 144 | 131 | 120 |
| Total debt | 148 | 85.52 | 51.06 | 17.68 | 32.79 | 6.66 | 9.77 |
| Cash & bank | 863 | 477 | 528 | 302 | 347 | 294 | 177 |
| Net working capital | 306 | 196 | 122 | 68.81 | 69.27 | 37.75 | 37.17 |
| Cash flow | |||||||
| Cash from operations | (80.43) | (19.38) | (16.27) | (68.70) | 34.68 | 90.54 | 57.84 |
| Cash from investing | (11.04) | (11.71) | 3.12 | 34.19 | (1.61) | (1.37) | (9.52) |
| Cash from financing | 102 | 21.97 | 23.89 | (10.30) | (7.92) | (15.79) | (13.95) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 142 | 83.00 | 144 | 79.49 | 63.57 | 65.30 | 69.31 | 72.43 |
| Revenue growth (YoY) | +122.6% | +27.1% | +107.1% | +9.8% | -36.9% | -14.7% | - | - |
| Other income | 4.43 | 4.43 | 4.50 | 4.66 | 4.49 | 4.55 | 5.51 | 6.42 |
| Total expenses | 97.22 | 72.26 | 127 | 71.83 | 64.31 | 61.23 | 66.76 | 61.99 |
| EBITDA | 44.29 | 10.74 | 16.46 | 7.66 | (0.74) | 4.07 | 2.55 | 10.44 |
| EBITDA margin | +31.4% | +13.0% | +11.5% | +9.7% | -1.2% | +6.3% | +3.7% | +14.6% |
| Depreciation | 2.87 | 2.62 | 3.24 | 3.11 | 2.88 | 2.52 | 2.85 | 2.50 |
| Interest | 7.14 | 5.57 | 5.47 | 4.87 | 3.86 | 3.32 | 2.29 | 2.36 |
| Profit before tax | 38.71 | 6.98 | 12.25 | 4.34 | (2.99) | 2.78 | 2.92 | 12.00 |
| Tax | 9.16 | 0.34 | 4.14 | 1.21 | (0.89) | 0.03 | (8.04) | 2.13 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 151 | 91.92 | 148 | 87.08 | 72.09 | 72.97 | 71.04 | 77.30 |
| Revenue growth (YoY) | +110.0% | +26.0% | +108.9% | +12.7% | -33.3% | -11.8% | - | - |
| Other income | 5.35 | 4.61 | 4.82 | 4.74 | 4.99 | 4.78 | 5.81 | 6.58 |
| EBITDA | 44.73 | 11.42 | 12.76 | 8.26 | 1.41 | 5.82 | 0.11 | 9.43 |
| EBITDA margin | +29.7% | +12.5% | +8.7% | +9.6% | +2.0% | +8.0% | +0.2% | +12.3% |
| Depreciation | 3.31 | 3.01 | 3.69 | 3.55 | 3.28 | 2.91 | 3.29 | 2.94 |
| Interest | 5.76 | 4.29 | 4.28 | 3.43 | 2.80 | 2.44 | 1.68 | 1.84 |
| Profit before tax | 41.01 | 8.73 | 9.61 | 6.02 | 0.32 | 5.25 | 0.95 | 11.23 |
| Tax | 9.93 | 0.72 | 3.96 | 1.69 | 0.02 | 0.46 | (7.47) | 2.50 |
| Net profit | 31.08 | 8.01 | 5.65 | 4.33 | 0.30 | 4.79 | 8.42 | 8.73 |
| EPS (₹) | 10.34 | 3.07 | 2.05 | 1.59 | 0.18 | 1.82 | 3.28 | 3.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 396 | 360 | 316 | 205 | 272 | 160 | 135 |
| Revenue growth | +9.8% | +14.1% | +54.3% | -24.8% | +69.9% | +19.1% | - |
| Other income | 0.72 | 0.81 | 0.52 | 10.70 | 1.51 | 1.60 | 0.56 |
| Total expenses | 349 | 282 | 258 | 190 | 217 | 134 | 137 |
| Employee cost | 189 | 171 | 151 | 115 | 109 | 86.92 | 75.35 |
| EBITDA | 46.86 | 78.52 | 58.15 | 15.25 | 55.30 | 26.39 | (2.77) |
| EBITDA margin | +11.9% | +21.8% | +18.4% | +7.5% | +20.3% | +16.5% | -2.1% |
| Depreciation | 13.43 | 11.64 | 9.80 | 9.18 | 7.58 | 7.63 | 7.72 |
| Interest | 12.96 | 6.96 | 4.91 | 4.28 | 3.16 | 3.00 | 6.85 |
| Profit before tax | 21.19 | 60.73 | 43.96 | 12.49 | 46.07 | 17.36 | (16.78) |
| Tax | 6.12 | 3.82 | 11.78 | (1.46) | 11.22 | 5.53 | (4.90) |
| Net profit | 15.44 | 56.84 | 29.76 | 14.09 | 33.89 | 11.14 | (12.45) |
| Net profit margin | +3.9% | +15.8% | +9.4% | +6.9% | +12.5% | +7.0% | -9.3% |
| EPS (₹) | 5.80 | 22.40 | 13.14 | 5.71 | 13.72 | 4.52 | (5.12) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.19 | 25.37 | 24.69 | 24.64 | 24.64 | 24.62 | 24.62 |
| Reserves & surplus | 301 | 278 | 216 | 186 | 176 | 142 | 128 |
| Shareholders' funds (net worth) | 381 | 303 | 241 | 210 | 201 | 166 | 153 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 12.55 | 14.97 | 10.99 | 10.00 | 4.00 |
| Unsecured loans | 110 | 68.35 | 39.48 | 18.00 | 33.13 | 7.02 | 5.77 |
| Total debt | 110 | 68.35 | 52.03 | 32.97 | 44.12 | 17.02 | 9.77 |
| Total liabilities | 491 | 372 | 293 | 243 | 245 | 183 | 163 |
| Assets | |||||||
| Gross block | 84.82 | 78.68 | 72.56 | 64.66 | 52.89 | 51.08 | 47.15 |
| Net block | 39.75 | 41.37 | 42.79 | 38.01 | 32.09 | 34.46 | 38.14 |
| Capital work in progress | 0.45 | 0.38 | 0.00 | 0.00 | 1.78 | 0.29 | 0.27 |
| Investments | 37.97 | 31.94 | 26.16 | 23.68 | 34.24 | 28.83 | 15.55 |
| Inventories | 0.91 | 0.36 | 1.30 | 0.72 | 1.47 | 0.00 | 1.63 |
| Sundry debtors | 172 | 94.13 | 125 | 105 | 88.76 | 66.90 | 53.43 |
| Cash & bank balances | 916 | 539 | 583 | 349 | 413 | 336 | 214 |
| Loans & advances | 526 | 499 | 247 | 158 | 151 | 66.90 | 32.69 |
| Total current assets | 1,615 | 1,133 | 957 | 613 | 654 | 470 | 302 |
| Total current liabilities | 1,249 | 862 | 772 | 488 | 519 | 381 | 218 |
| Net working capital | 366 | 271 | 185 | 125 | 135 | 88.17 | 83.63 |
| Total assets | 491 | 372 | 293 | 243 | 245 | 183 | 163 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 46.47 | 47.82 | 29.49 | 94.73 | 46.30 | 96.99 | 30.51 |
| Net cash from operating activities | (71.73) | (2.09) | 24.05 | (63.42) | 59.74 | (44.27) | 94.23 |
| Net cash from investing activities | (13.17) | (10.14) | (8.12) | 5.06 | (4.02) | (3.01) | (1.27) |
| Net cash from financing activities | 85.92 | 10.88 | 2.41 | (6.90) | (7.29) | (3.41) | (26.48) |
| Net change in cash | 1.02 | (1.36) | 18.34 | (65.26) | 48.44 | (50.70) | 66.48 |
| Closing cash | 916 | 539 | 583 | 349 | 413 | 336 | 214 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.8% | +14.1% | +54.3% | -24.8% | +69.9% | +19.1% | - |
| EBITDA growth | -40.3% | +35.0% | +281.3% | -72.4% | +109.6% | +1052.7% | - |
| PBT growth | -65.1% | +38.2% | +252.0% | -72.9% | +165.4% | +9998.0% | - |
| Net income growth | -72.8% | +91.0% | +111.2% | -58.4% | +204.2% | +189.5% | - |
| Revenue CAGR (3Y) | +24.5% | +9.8% | +25.4% | +15.0% | +22.9% | +0.8% | +7.4% |
| EBITDA CAGR (3Y) | +45.4% | +12.4% | +30.1% | - | +34.9% | -16.5% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.8% | +15.8% | +10.2% | +6.8% | +12.8% | +7.4% | -8.8% |
| Return on capital employed | +7.9% | +20.4% | +18.2% | +6.9% | +23.0% | +11.8% | -5.6% |
| Return on net worth | +4.4% | +20.9% | +14.3% | +6.8% | +19.0% | +7.4% | -7.4% |
| Debt / equity | 0.26 | 0.22 | 0.19 | 0.19 | 0.17 | 0.08 | 0.10 |
| Long-term debt / equity | 0.26 | 0.20 | 0.13 | 0.12 | 0.11 | 0.05 | 0.10 |
| Interest cover | 38.77 | 10.41 | 10.16 | 70.51 | 6.62 | 15.99 | -65.30 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.85 | 4.78 | 4.61 | 3.67 | 5.27 | 3.29 | 3.10 |
| Inventory turnover | 624.08 | 435.23 | 313.43 | 196.78 | 372.46 | 198.56 | 165.80 |
| Debtors turnover | 2.98 | 3.29 | 2.75 | 2.22 | 3.52 | 2.69 | 2.41 |
| EPS (₹) | 5.80 | 22.40 | 13.14 | 5.71 | 13.72 | 4.52 | (5.12) |
| Dividend per share (₹) | 1.50 | 4.00 | 1.50 | 1.00 | 1.25 | 1.00 | 0.00 |
| Book value per share (₹) | 124.90 | 119.51 | 97.54 | 85.38 | 81.42 | 67.59 | 62.08 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 142 | 83.00 | 144 | 79.49 | 63.57 | 65.30 | 69.31 | 72.43 |
| Revenue growth (YoY) | +122.6% | +27.1% | +107.1% | +9.8% | -36.9% | -14.7% | - | - |
| Other income | 4.43 | 4.43 | 4.50 | 4.66 | 4.49 | 4.55 | 5.51 | 6.42 |
| Total expenses | 97.22 | 72.26 | 127 | 71.83 | 64.31 | 61.23 | 66.76 | 61.99 |
| EBITDA | 44.29 | 10.74 | 16.46 | 7.66 | (0.74) | 4.07 | 2.55 | 10.44 |
| EBITDA margin | +31.4% | +13.0% | +11.5% | +9.7% | -1.2% | +6.3% | +3.7% | +14.6% |
| Depreciation | 2.87 | 2.62 | 3.24 | 3.11 | 2.88 | 2.52 | 2.85 | 2.50 |
| Interest | 7.14 | 5.57 | 5.47 | 4.87 | 3.86 | 3.32 | 2.29 | 2.36 |
| Profit before tax | 38.71 | 6.98 | 12.25 | 4.34 | (2.99) | 2.78 | 2.92 | 12.00 |
| Tax | 9.16 | 0.34 | 4.14 | 1.21 | (0.89) | 0.03 | (8.04) | 2.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 367 | 339 | 283 | 198 | 180 | 141 | 119 |
| Revenue growth | +8.2% | +19.9% | +42.9% | +10.2% | +27.4% | +18.5% | - |
| Other income | 0.39 | 0.61 | 0.73 | 0.67 | 4.09 | 3.34 | 0.82 |
| Total expenses | 322 | 260 | 234 | 178 | 155 | 122 | 124 |
| Employee cost | 166 | 149 | 129 | 107 | 102 | 81.37 | 71.18 |
| EBITDA | 45.26 | 79.34 | 48.30 | 19.58 | 24.67 | 18.63 | (5.12) |
| EBITDA margin | +12.3% | +23.4% | +17.1% | +9.9% | +13.7% | +13.2% | -4.3% |
| Depreciation | 11.75 | 9.91 | 8.91 | 8.84 | 7.34 | 7.48 | 7.62 |
| Interest | 17.52 | 9.00 | 6.12 | 4.43 | 2.87 | 3.08 | 6.08 |
| Profit before tax | 16.38 | 61.04 | 34.00 | 6.98 | 18.55 | 11.41 | (18.00) |
| Tax | 4.48 | 2.14 | 9.54 | (3.66) | 5.23 | 3.40 | (5.42) |
| Net profit | 12.15 | 58.91 | 24.48 | 11.69 | 11.56 | 6.95 | (11.87) |
| Net profit margin | +3.3% | +17.4% | +8.7% | +5.9% | +6.4% | +4.9% | -10.0% |
| EPS (₹) | 4.54 | 23.22 | 9.91 | 4.32 | 5.40 | 3.26 | (5.11) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.19 | 25.37 | 24.69 | 24.64 | 24.64 | 24.62 | 24.62 |
| Reserves & surplus | 230 | 212 | 149 | 127 | 120 | 106 | 95.65 |
| Shareholders' funds (net worth) | 310 | 237 | 173 | 151 | 144 | 131 | 120 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.00 |
| Unsecured loans | 148 | 85.52 | 51.06 | 17.68 | 32.79 | 6.66 | 5.77 |
| Total debt | 148 | 85.52 | 51.06 | 17.68 | 32.79 | 6.66 | 9.77 |
| Total liabilities | 458 | 323 | 224 | 169 | 177 | 137 | 130 |
| Assets | |||||||
| Gross block | 78.71 | 72.19 | 65.51 | 60.21 | 48.50 | 50.69 | 50.34 |
| Net block | 36.77 | 37.11 | 36.99 | 37.37 | 31.25 | 33.90 | 37.69 |
| Capital work in progress | 0.45 | 0.38 | 0.00 | 0.00 | 1.78 | 0.29 | 0.10 |
| Investments | 70.31 | 66.01 | 56.63 | 54.02 | 73.46 | 62.19 | 49.08 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 1.47 | 0.00 | 1.63 |
| Sundry debtors | 167 | 90.56 | 121 | 103 | 86.00 | 64.42 | 52.22 |
| Cash & bank balances | 863 | 477 | 528 | 302 | 347 | 294 | 177 |
| Loans & advances | 516 | 436 | 237 | 146 | 145 | 59.48 | 22.29 |
| Total current assets | 1,545 | 1,004 | 887 | 551 | 580 | 418 | 253 |
| Total current liabilities | 1,239 | 808 | 764 | 482 | 511 | 381 | 216 |
| Net working capital | 306 | 196 | 122 | 68.81 | 69.27 | 37.75 | 37.17 |
| Total assets | 458 | 323 | 224 | 169 | 177 | 137 | 130 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 14.25 | 23.38 | 12.64 | 57.45 | 32.30 | 61.68 | 27.31 |
| Net cash from operating activities | (80.43) | (19.38) | (16.27) | (68.70) | 34.68 | 90.54 | 57.84 |
| Net cash from investing activities | (11.04) | (11.71) | 3.12 | 34.19 | (1.61) | (1.37) | (9.52) |
| Net cash from financing activities | 102 | 21.97 | 23.89 | (10.30) | (7.92) | (15.79) | (13.95) |
| Net change in cash | 10.55 | (9.13) | 10.74 | (44.81) | 25.15 | 73.38 | 34.37 |
| Closing cash | 863 | 477 | 528 | 302 | 347 | 294 | 177 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.2% | +19.9% | +42.9% | +10.2% | +27.4% | +18.5% | - |
| EBITDA growth | -43.0% | +64.3% | +146.7% | -20.6% | +32.4% | +463.9% | - |
| PBT growth | -73.2% | +79.5% | +387.1% | -62.4% | +62.6% | +9998.0% | - |
| Net income growth | -79.4% | +140.7% | +109.4% | +1.1% | +66.3% | +158.6% | - |
| Revenue CAGR (3Y) | +22.8% | +23.6% | +26.1% | +18.5% | +12.0% | +2.1% | +7.2% |
| EBITDA CAGR (3Y) | +32.2% | +47.6% | +37.4% | - | +19.8% | -14.1% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.2% | +17.4% | +8.7% | +5.4% | +7.4% | +5.7% | -10.6% |
| Return on capital employed | +8.7% | +25.6% | +20.4% | +7.2% | +12.0% | +9.7% | -8.6% |
| Return on net worth | +4.4% | +28.7% | +15.1% | +7.9% | +8.4% | +5.5% | -9.9% |
| Debt / equity | 0.43 | 0.33 | 0.21 | 0.17 | 0.14 | 0.07 | 0.08 |
| Long-term debt / equity | 0.32 | 0.25 | 0.17 | 0.17 | 0.14 | 0.07 | 0.08 |
| Interest cover | 52.28 | 12.96 | 15.54 | 41.25 | 16.56 | 27.62 | -47.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.87 | 4.93 | 4.51 | 3.65 | 3.70 | 2.86 | 2.59 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 270.12 | 249.80 | 177.02 | 146.90 |
| Debtors turnover | 2.85 | 3.21 | 2.53 | 2.10 | 2.44 | 2.47 | 2.19 |
| EPS (₹) | 4.54 | 23.22 | 9.91 | 4.32 | 5.40 | 3.26 | (5.11) |
| Dividend per share (₹) | 1.50 | 4.00 | 1.50 | 1.00 | 1.25 | 1.00 | 0.00 |
| Book value per share (₹) | 97.75 | 93.48 | 70.23 | 61.39 | 58.64 | 53.10 | 48.85 |
To see the full year-wise statements and ratios of Emkay Global Financial Services Limited, buy the company report.
Board of directors of Emkay Global Financial Services Limited
Emkay Global Financial Services has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Ramswaroop Kacholia Also directs: Amanecer Capital Partners LLP, West Coast Paper Mills Limited, Emkay Capital Private Limited and 3 more | Managing Director | 01 Oct 2010 | 16 Years 1 Months | Current |
| Krishna Kumar Karwa Also directs: Emkay Capital Private Limited, Emkay Fincap Limited, Emkay Corporate Services Private Limited and 1 more | Managing Director | 01 Oct 2010 | 16 Years 1 Months | Current |
| Sushil Kumar Saboo Also directs: Tushar Investment Company, Satnam Apartmemnts Limited, Nandita Advisors Private Limited and 2 more | Director | 15 Oct 1995 | 31 Years 0 Months | Current |
| Bharat Kumar Singh Also directs: Emkay Fincap Limited, Emkay Commotrade Limited, Emkay Investment Managers Limited and 2 more | Director | 29 Jan 2018 | 8 Years 9 Months | Current |
| Hutokshi Rohinton Wadia Also directs: Emkay Fincap Limited | Director | 25 May 2022 | 4 Years 5 Months | Current |
| Ajay Mahajan | Director | 01 Dec 2025 | 0 Years 11 Months | Current |
Peer comparison
Emkay Global Financial Services Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Emkay Global Financial Services Limitedthis company | ₹395.57 Cr (FY 2026) | ₹15.44 Cr | 3.9% | 9.7% | 358 | Mumbai, Maharashtra, India |
| Findoc Investmart Private Limited | ₹362 Cr (FY 2025) | -5.0% | Gandhinagar, Gujarat, India | |||
| Macquarie Capital Securities (India) Private Limited | ₹353.62 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Adroit Financial Services Private Limited | ₹353.49 Cr (FY 2024) | -11.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Emkay Global Financial Services Limited, buy the company report.
Auditor
Emkay Global Financial Services Limited is audited by S. R. Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 72.80%, foreign institutional investors hold 0.80%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 72.80% | 72.20% | 71.90% | 71.70% |
| Public | 27.20% | 27.80% | 28.10% | 28.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2026 | 101403296 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 01 Sep 2026 | 101384557 | Others | ₹20 Cr | Open | |
| 17 Jun 2026 | 101329138 | Others | ₹10 Lakh | Open | |
| 15 Jun 2026 | 101311169 | Others | ₹53 Cr | Open | |
| 30 Apr 2026 | 101292712 | Others | ₹1.25 Cr | Open |
To see the full charge records of Emkay Global Financial Services Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Emkay Global Financial Services Limited has 42 deals on record (29 market trades, 13 secondary share transfers); the latest was in April 2024.
Deals on record (5 of 42)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2024 | Market trade | ₹5.4 Cr | Buyer: NK Securities Research Private Limited , an individual Seller: NK Securities Research Private Limited , an individual |
| Dec 2023 | Market trade | ₹9.44 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited , an individual Seller: Graviton Research Capital LLP , Hrti Private Limited , an individual |
| Dec 2023 | Market trade | ₹2.38 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2023 | Market trade | ₹1.83 Cr | Buyer: Clover Infotech Private Limited |
| Aug 2021 | Market trade | ₹1.81 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Emkay Global Financial Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Emkay Global Financial Services Limited has 69 court cases on record: 51 filed by Emkay Global Financial Services, 18 filed against it. 14 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 6 | 9 |
| District courts | 31 | 9 | 5 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 69)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by Assistant Commissioner of Income Tax Circle and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Unknown and 2 others | Pending |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against M/S Darshana Trading Private Ltd and 2 Ors | Disposed |
| High Court, West Bengal | Arbitration matter | Filed against the company by CKJ Investments Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Darshana Trading Private Ltd. and 2 others | Disposed |
To see the full case history of Emkay Global Financial Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Emkay Global Financial Services Limited was last rated by Icra on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Emkay Global Financial Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Emkay Global Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Emkay Global Financial Services has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Emkay Commotrade Limited | U51110MH2006PLC158675 | |
| Emkay Fincap Limited | U65990MH2005PLC153310 | |
| Emkayglobal Financial Services Ifsc Private Limited | U65999GJ2018PTC102945 | |
| Emkay Investment Managers Limited | U67190MH2010PLC203819 | |
| Emkay Wealth Advisory Limited | U74110MH2007PLC168496 |
To see the full group structure of Emkay Global Financial Services Limited, buy the company report.
Employees & EPFO
Emkay Global Financial Services Limited has a workforce of 358 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Emkay Global Financial Services has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE0994L1ZC | Maharashtra | Active | 01 Jul 2017 |
| 27AAACE0994L2ZB | Maharashtra | Active | 02 Aug 2017 |
| 36AAACE0994L2ZC | Telangana | Active | 29 Jun 2017 |
| 06AAACE0994L1ZG | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Emkay Global Financial Services Limited, buy the company report.
Recent activity
Emkay Global Financial Services Limited has 21 board changes on record since 1995: 15 appointments and 6 cessations. The latest: Rajesh Kailashchandra Shah was appointed as Additional Director on 19 Aug 2026.
60 earlier events are in the company report.
News
Frequently asked questions
Emkay Global Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 24 January 1995 (31+ years old) and is registered under CIN L67120MH1995PLC084899. Listed on BSE: 532737 and NSE: EMKAY.
Emkay Global Financial Services reported revenue of ₹395.57 Cr for FY 2025-26 (up 9.7% YoY) based on consolidated financials.
Emkay Global Financial Services has 8 current directors:
- Prakash Ramswaroop Kacholia - Managing Director
- Krishna Kumar Karwa - Managing Director
- Raunak Krishnakumar Karwa - Whole-Time Director
- Sushil Kumar Saboo - Director
- Bharat Kumar Singh - Director
- Hutokshi Rohinton Wadia - Director
- Ajay Mahajan - Director
- Rajesh Kailashchandra Shah - Additional Director
The latest financial statements of Emkay Global Financial Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 10 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Emkay Global Financial Services is 27AAACE0994L1ZC, registered in Maharashtra. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACE0994L2ZB (Maharashtra), 36AAACE0994L2ZC (Telangana), 06AAACE0994L1ZG (Haryana).
The CIN (Corporate Identification Number) of Emkay Global Financial Services is L67120MH1995PLC084899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Emkay Global Financial Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 532737) and NSE (symbol: EMKAY).
Emkay Global Financial Services has 69 court cases on record: 51 filed by the company and 18 filed against it. 14 are pending. Most are in the high courts.
Emkay Global Financial Services was incorporated on 24 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Emkay Global Financial Services has 42 deals on record (29 market trades, 13 secondary share transfers); the latest was in April 2024.
The peers of Emkay Global Financial Services by revenue are Findoc Investmart Private Limited, Macquarie Capital Securities (India) Private Limited, Adroit Financial Services Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).

