Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Emkay Global Financial Services Ltd

EMKAY
Finance - Capital Markets - Brokers

Emkay Global Financial Services Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: the price moved +2.7% in a year while annual EPS moved −74.1% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (5 weeks in) while the P/BV sits at the 61st percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +90.6% year on year, with the the net margin at 9.9%. What settles it: whether earnings grow into a price that has already moved.

Stage
Deteriorating
partial read
Price
₹242
+2.7% 1Y
P/BV
1.7×
61st pctile
of its own 10-year range
Revenue (Jun 26)
₹91.9 Cr
+26.0% YoY
Profit (Jun 26)
₹9.1 Cr
+90.6% YoY
Net margin
9.9%
+3.3 pp YoY
ROE
5%
FY26
ROA
1.02%
latest
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Emkay Global Financial Services Ltd trades at ₹242, in a confirmed uptrend and 5 weeks into that stage. That is −3.3% against its own 200-day average. It sits at 29% of a 52-week range of ₹195 to ₹356. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a confirmed uptrend — week 5 of stage 2, confirmed. At ₹242 it trades −3.3% versus its 200-day average and sits at 29% of its 52-week range (₹195–₹356).

Jul 26: ₹242 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−3.3% versus the 200-day line, week 5 of stage 2
Price50-day avg200-day avg
S2S4S2S4₹379₹297₹216₹134₹52.3₹242₹250Jul 23May 24Feb 25Nov 25Jul 26
S2S4S2S4₹379₹297₹216₹134₹52.3₹242₹250Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (538 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +360% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-24) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.

Emkay Global Financial Services Ltd trades at 1.7× P/BV, mid-range by its own standards (61st percentile). Its long-run median P/BV is 1.4×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/BV of 1.7× is mid-range by its own standards (61st percentile), against a long-run median of 1.4× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

The honest context for that discount: a bank earning about 5% on its equity is worth less per rupee of book, and the market has priced that in rather than overlooked it. The discount closes only if the returns themselves improve.

P/BV 1.7× vs a 1.4× long-run median P/BV, weekly (left axis); book value per share, weekly (right axis). 10.4-year window; brief peaks above 4.2× shown pinned at the top. The book value / share bars are red where the reading is lower than the quarter before.
mid-range by its own standards (61st percentile)
P/BVMedianBook value / share (quarterly)
4.5×₹1543.4×₹1152.3×₹76.81.2×₹38.40.1×₹0.0×1.70×₹142Mar 16Dec 18Jul 21Feb 24Jul 26
4.5×₹1543.4×₹1152.3×₹76.81.2×₹38.40.1×₹0.0×1.70×₹142Mar 16Jul 21Jul 26
P/BV
1.7×
61st percentile of 10y

🚨 Why the multiple sits where it does: over the past year book value grew while the price moved +2.7% — price and book moved together, holding the multiple in its range.

The price move, decomposed: over 5y, of the +15.5%/yr price move, ~+15.5%/yr came from book-value growth and ~+0.0 pp from the multiple (roughly flat); over 10y, of the +12.1%/yr price move, ~+10.7%/yr came from book-value growth and ~+1.4 pp from the multiple (expanding). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the book-value line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

03 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Emkay Global Financial Services Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −59.1% latest against +382.3% at its 12-quarter best). The read is built from 8 quarters across 3 curves, on partial evidence.

Growth, year by year: revenue +10.0% in FY26, profit −73.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
78%245%50%114%23%−18%−4.7%−149%−32%−281%%%10%−73.7%FY16FY21FY26
78%245%50%114%23%−18%−4.7%−149%−32%−281%%%10%−73.7%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit rolling over
RevenueProfitEPS
74%330%49%221%25%113%0.0%4.4%−25%−104%%%21.3%−59.1%−61.6%Sep 23Dec 24Jun 26
74%330%49%221%25%113%0.0%4.4%−25%−104%%%21.3%−59.1%−61.6%Sep 23Dec 24Jun 26
Revenue growth
Rising
latest +21.3% · span −17.8% to +67.0%
Profit growth
Recovering
latest −59.1% · span −73.3% to +382.3%
EPS growth
Recovering
latest −61.6% · span −74.2% to +379.9%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+10.0%+24.5%+19.9%+14.2%
Profit−73.7%+2.3%+6.4%+2.3%
EPS−74.1%+0.5%+5.1%+1.7%
Share price+2.7%+45.2%+15.5%+12.1%
Revenue YoY (Jun 26)
+26.0%
latest quarter vs a year ago
Profit YoY (Jun 26)
+90.6%
latest quarter vs a year ago
Revenue 10y
14.2%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

25.0/100 — rank 15 of 16 in Finance - Capital Markets - Brokers · 80% evidence confidence

Emkay Global Financial Services Ltd scores 25.0 out of 100 against the 16 companies it is compared with in Finance - Capital Markets - Brokers, ranking 15. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 9.9 + 5.9 + 2.8 + 6.4 = 25. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.

05 · Revenue

Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.

Emkay Global Financial Services Ltd reported ₹91.9 Cr of income in the Jun 26 quarter, +26.0% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 14.2% a year. The last full year, FY26, came in at ₹396 Cr. The last four reported quarters add to ₹399 Cr.

FY26 revenue came in at ₹396 Cr (+10.0% on the year), capping 10 years at 14.2% compound. The latest quarter (Jun 26) printed ₹91.9 Cr, +26.0% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹396 Cr (+10.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
14.2% a year over 10 years
RevenueYoY growth
42878%32150%21423%107−4.7%0−32%₹ Cr%₹39610%FY16FY21FY26
42878%32150%21423%107−4.7%0−32%₹ Cr%₹39610%FY16FY21FY26
Jun 26: ₹91.9 Cr (+26.0% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
160128%12084%8041%40−2.0%0−45%₹ Cr%₹9226%Sep 23Dec 24Jun 26
160128%12084%8041%40−2.0%0−45%₹ Cr%₹9226%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +28.6% growth against the decade's 14.2% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +21.3% over the last 4 quarters against +11.8%/yr over the last 8 — accelerating; TTM profit −59.1% vs −34.8%/yr — rolling over.

06 · Net margin

Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.

Emkay Global Financial Services Ltd's net margin is 9.9% in the Jun 26 quarter, +3.3 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged −13.7% to 18.6%. The current quarter sits inside that band.

The latest quarter's net margin is 9.9%, +3.3 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged −13.7%–18.6%.

Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

FY26: 3.8% Net margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −13.7–18.6% band over 13 years
net marginYoY change (pp)
21%28%12%17%2.4%4.7%−6.9%−7.1%−16%−19%%%3.8%−12%FY14FY20FY26
21%28%12%17%2.4%4.7%−6.9%−7.1%−16%−19%%%3.8%−12%FY14FY20FY26
Jun 26: 9.9% net margin (+3.3 pp YoY) Quarterly net margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Net profit as a share of total revenue, per quarter.
Net marginYoY change (pp)
26%28%19%14%12%0.0%5.5%−13%−1.3%−27%%%9.9%3.3%Sep 23Dec 24Jun 26
26%28%19%14%12%0.0%5.5%−13%−1.3%−27%%%9.9%3.3%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Emkay Global Financial Services Ltd earned ₹9.1 Cr of net profit in the Jun 26 quarter, +90.6% year on year. Full-year FY26 profit was ₹15.0 Cr. The 10-year compound rate is 2.3%. That is 9.9% of the quarter's revenue. The same quarter a year earlier earned ₹4.8 Cr.

Jun 26 profit was ₹9.1 Cr, +90.6% year on year. On the full year, FY26 printed ₹15.0 Cr (−73.7%), and the 10-year compound rate is 2.3%.

FY26 profit ₹15.0 Cr (−73.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
2.3% a year over 10 years
Net profitYoY growth
63245%42114%22−18%2−149%−19−281%₹ Cr%₹15−73.7%FY16FY21FY26
63245%42114%22−18%2−149%−19−281%₹ Cr%₹15−73.7%FY16FY21FY26
Jun 26: ₹9.1 Cr (+90.6% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
284,306%213,123%141,941%7758%0−424%₹ Cr%₹990.6%Sep 23Dec 24Jun 26
284,306%213,123%141,941%7758%0−424%₹ Cr%₹990.6%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +26.0% and the margin +3.3 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit −22.7% vs revenue +28.6%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Asset quality — the ladder

Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.

Loan-book quality history is not available for Emkay Global Financial Services Ltd, so this section names the gap rather than estimating a ratio. No gross or net non-performing-asset series is filed in a form this page can read, and none is inferred from the profit line. The income, margin and return sections above carry the evidence this business does report.

We do not hold quarterly loan-book quality numbers for this bank, so this section states that plainly rather than working around it.

Why: loan-book quality is the engine room of a bank, and its drivers — slippages, recoveries, provisioning — sit below what we hold for this name; the sections around it carry the reads we can stand behind.

09 · The loan book

The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.

Emkay Global Financial Services Ltd's revenue grew +10.0% in FY26 to ₹396 Cr, so the book is growing. The latest quarter ran +26.0% year on year. The net margin on that income is 9.9%, +3.3 percentage points against a year ago.

FY26 revenue was ₹396 Cr, +10.0% on the year, and the latest quarter ran +26.0% year on year. The net margin on that revenue is 9.9% this quarter (+3.3 pp YoY) — growth with a widening margin on it.

FY26: revenue ₹396 Cr (+10.0% YoY) with the net margin at 3.8% Revenue by fiscal year, ₹ Cr (bars, left); net margin, % (line, right). 11-year window. A bar is red when it is lower than the year before.
RevenueNet margin
42821%32113%2144.5%107−3.7%0−12%₹ Cr%₹3963.8%FY16FY18FY21FY23FY26
42821%32113%2144.5%107−3.7%0−12%₹ Cr%₹3963.8%FY16FY21FY26

The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.

10 · Returns on equity and assets

Returns on equity and assets Two numbers usually rate a lender: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys.

A clean annual return-on-equity ladder is not held for Emkay Global Financial Services Ltd. For an insurer especially the standard bank ratios are not the right lens, so this page does not force them onto the filings rather than estimating a series it cannot support.

We do not hold a clean annual return-on-equity series for Emkay Global Financial Services Ltd — for an insurer especially, the standard bank ratios are not the right lens, so this page does not force them. The revenue, margin and ownership sections above and below are the reads we stand behind.

11 · Debt

Debt

For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.

A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 1.4 points of Emkay Global Financial Services Ltd over 8 quarters, the biggest move on the register. That takes promoters to 72.8% of the company. Foreign institutions moved +0.0 points over the same window, to 0.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −1.4 points over 8 quarters to 72.8%; Foreign institutions: +0.0 points over 8 quarters to 0.8%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

🚨 Why the register moved: promoters drove it (−1.4 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −2.1 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
80%59%37%16%−5.9%%72.2%0.8%0.0%26.9%Mar 24Mar 25Mar 26
80%59%37%16%−5.9%%72.2%0.8%0.0%26.9%Mar 24Mar 25Mar 26
Promoters cut 1.4 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
80%59%37%16%−6.0%%72.8%0.8%0.0%26.4%Jun 23Dec 24Jun 26
80%59%37%16%−6.0%%72.8%0.8%0.0%26.4%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Emkay Global Financial Services Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.

The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.

14 · Related companies · Finance - Capital Markets - Brokers
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Indo Thai Securities LtdINDOTHAI 76.4/100Favorable setup76% evidence ASLEEP 32.5/35 Income 100% · PAT 100% 86% evidence 19.4/25 ROA 17.6% · ROE 28.6% · GNPA — 72% evidence 12.9/20 P/BV 4.11× · P/BV÷ROE 0.14 70% evidence 11.6/20 RS sector 27.7% · RS bench -24.3% · 1Y 13.8%0 of 10 weeks ahead 70% evidence
Exact sum: 32.5 + 19.4 + 12.9 + 11.6 = 76.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Paisalo Digital LtdPAISALO 66.2/100Favorable setup96% evidence LEADER 22.6/35 Income 22.3% · PAT 19.1% 88% evidence 18.9/25 ROA 3.8% · ROE 14.3% · GNPA 0.7% 100% evidence 4.7/20 P/BV 3.61× · P/BV÷ROE 0.25 100% evidence 20.0/20 RS sector 50.8% · RS bench 65.2% · 1Y 118.9%12 of 12 weeks ahead 100% evidence
Exact sum: 22.6 + 18.9 + 4.7 + 20 = 66.2 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3Monarch Networth Capital LtdMONARCH 61.9/100Mixed-positive evidence78% evidence TURNING 19.5/35 Income 13.8% · PAT 20.7% 75% evidence 19.6/25 ROA 11.5% · ROE 20.5% · GNPA — 72% evidence 13.2/20 P/BV 3.17× · P/BV÷ROE 0.15 100% evidence 9.6/20 RS sector -14.3% · RS bench 23.2% · 1Y 6.5%10 of 11 weeks ahead 70% evidence
Exact sum: 19.5 + 19.6 + 13.2 + 9.6 = 61.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Share India Securities LtdSHAREINDIA 58.7/100Mixed-positive evidence76% evidence TURNING 18.0/35 Income 14.7% · PAT 17.8% 86% evidence 15.7/25 ROA 7.1% · ROE 13% · GNPA — 72% evidence 15.5/20 P/BV 1.48× · P/BV÷ROE 0.11 70% evidence 9.5/20 RS sector -13.8% · RS bench 15.5% · 1Y 3.8%4 of 11 weeks ahead 70% evidence
Exact sum: 18 + 15.7 + 15.5 + 9.5 = 58.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Choice International LtdCHOICEIN 56.6/100Mixed-positive evidence61% evidence TURNING 24.1/35 Income 23% · PAT 46% 45% evidence 17.8/25 ROA 7.7% · ROE 16.1% · GNPA — 68% evidence 3.6/20 P/BV 10.97× · P/BV÷ROE 0.68 70% evidence 11.1/20 RS sector -3.1% · RS bench 7.2% · 1Y 9.5%4 of 10 weeks ahead 70% evidence
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6Anand Rathi Share & Stock Brokers LtdARSSBL 55.5/100Mixed-positive evidence62% evidence ASLEEP 21.0/35 Income 16.9% · PAT 35.4% 86% evidence 13.3/25 ROA 1.8% · ROE 14% · GNPA — 72% evidence 11.2/20 P/BV 2.38× · P/BV÷ROE 0.17 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —4 of 10 weeks ahead 0% evidence
Exact sum: 21 + 13.3 + 11.2 + 10 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Angel One LtdANGELONE 48.4/100Mixed-negative evidence88% evidence FADING 14.1/35 Income 9.1% · PAT 3.9% 86% evidence 16.3/25 ROA 3.8% · ROE 15.6% · GNPA — 72% evidence 7.9/20 P/BV 4.43× · P/BV÷ROE 0.28 100% evidence 10.1/20 RS sector -2.1% · RS bench 8.1% · 1Y 9.6%9 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 16.3 + 7.9 + 10.1 = 48.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8SMC Global Securities LtdSMCGLOBAL 47.5/100Mixed-negative evidence80% evidence TURNING 13.0/35 Income 12.3% · PAT -11.3% 81% evidence 11.5/25 ROA 1.8% · ROE 8.1% · GNPA — 68% evidence 12.2/20 P/BV 1.3× · P/BV÷ROE 0.16 100% evidence 10.8/20 RS sector -4.4% · RS bench 11.9% · 1Y 10%5 of 10 weeks ahead 70% evidence
Exact sum: 13 + 11.5 + 12.2 + 10.8 = 47.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9IIFL Capital Services LtdIIFLCAPS 46.7/100Mixed-negative evidence67% evidence LEADER 11.9/35 Income 2.1% · PAT -19% 52% evidence 15.2/25 ROA — · ROE 20.2% · GNPA — 34% evidence 9.4/20 P/BV 3.43× · P/BV÷ROE 0.17 100% evidence 10.2/20 RS sector -6.4% · RS bench 3.8% · 1Y 10.1%11 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 15.2 + 9.4 + 10.2 = 46.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Meghna Infracon Infrastructure Ltd538668 46.2/100Thin evidence · provisional58% evidence FADING 14.8/35 Income 15.8% · PAT -42.8% 45% evidence 15.8/25 ROA — · ROE 21.9% · GNPA — 34% evidence 3.0/20 P/BV 58.02× · P/BV÷ROE 2.65 70% evidence 12.6/20 RS sector 5.6% · RS bench 16.8% · 1Y 26.7%10 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 15.8 + 3 + 12.6 = 46.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Summit Securities LtdSUMMITSEC 41.4/100Mixed-negative evidence67% evidence ASLEEP 23.5/35 Income 30.2% · PAT 54.4% 45% evidence 6.2/25 ROA 1.1% · ROE 1.1% · GNPA — 68% evidence 8.6/20 P/BV 0.19× · P/BV÷ROE 0.17 70% evidence 3.1/20 RS sector -27.3% · RS bench -18.7% · 1Y -27.6%0 of 12 weeks ahead 100% evidence
Exact sum: 23.5 + 6.2 + 8.6 + 3.1 = 41.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -27.3% and the one-year return is -27.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
12Geojit Financial Services LtdGEOJITFSL 34.7/100Adverse evidence61% evidence TURNING 9.0/35 Income -5.5% · PAT -52.3% 52% evidence 10.8/25 ROA — · ROE 7.3% · GNPA — 34% evidence 7.4/20 P/BV 1.78× · P/BV÷ROE 0.24 100% evidence 7.5/20 RS sector -16.6% · RS bench 4.5% · 1Y 2.4%10 of 10 weeks ahead 70% evidence
Exact sum: 9 + 10.8 + 7.4 + 7.5 = 34.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
135paisa Capital Ltd5PAISA 30.5/100Adverse evidence80% evidence TURNING 8.6/35 Income -1.8% · PAT -26.7% 81% evidence 11.2/25 ROA 2.3% · ROE 7% · GNPA — 68% evidence 4.5/20 P/BV 2.53× · P/BV÷ROE 0.36 100% evidence 6.2/20 RS sector -18.5% · RS bench 2.7% · 1Y -10%3 of 10 weeks ahead 70% evidence
Exact sum: 8.6 + 11.2 + 4.5 + 6.2 = 30.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Arihant Capital Markets LtdARIHANTCAP 28.9/100Adverse evidence80% evidence TURNING 6.7/35 Income 3.6% · PAT -26.4% 81% evidence 11.7/25 ROA 2.8% · ROE 7.7% · GNPA — 68% evidence 6.5/20 P/BV 1.95× · P/BV÷ROE 0.25 100% evidence 4.0/20 RS sector -20.8% · RS bench -9.7% · 1Y -22.8%2 of 10 weeks ahead 70% evidence
Exact sum: 6.7 + 11.7 + 6.5 + 4 = 28.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Emkay Global Financial Services Ltdthis pageEMKAY 25.0/100Adverse evidence80% evidence TURNING 9.9/35 Income 21.3% · PAT -59.1% 81% evidence 5.9/25 ROA 0.9% · ROE 4.5% · GNPA — 68% evidence 2.8/20 P/BV 1.67× · P/BV÷ROE 0.37 100% evidence 6.4/20 RS sector -11.5% · RS bench -7.4% · 1Y -3.5%5 of 10 weeks ahead 70% evidence
Exact sum: 9.9 + 5.9 + 2.8 + 6.4 = 25 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Billionbrains Garage Ventures LtdGROWW 54.8/100Thin evidence · provisional41% evidence ASLEEP 24.7/35 Income 37.7% · PAT 30.9% 52% evidence 16.3/25 ROA — · ROE 28.8% · GNPA — 34% evidence 3.8/20 P/BV 12.6× · P/BV÷ROE 0.44 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —8 of 12 weeks ahead 0% evidence
Exact sum: 24.7 + 16.3 + 3.8 + 10 = 54.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Emkay Global Financial Services Ltd's share price today?

Emkay Global Financial Services Ltd trades at ₹242, +2.7% over the past year. The company is valued at ₹668 Cr. The stock sits at 29% of its 52-week range of ₹195–₹356, −3.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 5 weeks in. — as of 31 July 2026.

What were Emkay Global Financial Services Ltd's latest quarterly results?

Emkay Global Financial Services Ltd reported total income of ₹91.9 Cr and net profit of ₹9.1 Cr for the Jun 26 quarter. Income rose 26.0% and profit rose 90.6% year on year. Earnings per share were ₹3.33. The net margin was 9.9%, 3.3 pp higher than a year earlier. — as of 31 July 2026.

What is Emkay Global Financial Services Ltd's revenue?

Emkay Global Financial Services Ltd reported revenue of ₹91.9 Cr in the Jun 26 quarter, +26.0% year on year. For the full FY26 fiscal year, revenue was ₹396 Cr (+10.0%). Over the last 10 years revenue compounded at 14.2% a year. — as of 31 July 2026.

What is Emkay Global Financial Services Ltd's profit?

Emkay Global Financial Services Ltd earned ₹9.1 Cr of net profit in the Jun 26 quarter, +90.6% year on year. Full-year FY26 profit was ₹15.0 Cr. The net margin ran 9.9% in the latest quarter. — as of 31 July 2026.

What is Emkay Global Financial Services Ltd's market cap?

Emkay Global Financial Services Ltd's market capitalisation is ₹668 Cr at a share price of ₹242. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Emkay Global Financial Services Ltd's P/BV ratio?

Emkay Global Financial Services Ltd trades at a P/BV of 1.7×, at the 61st percentile of its own 10-year range, against a long-run median of 1.4×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Emkay Global Financial Services Ltd pay a dividend?

Yes — Emkay Global Financial Services Ltd's dividend payout was 26% of profit in FY26, and it recorded a payout in 10 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.

Is Emkay Global Financial Services Ltd overvalued?

On its own history, Emkay Global Financial Services Ltd looks mid-range against its own history: its P/BV of 1.7× sits at the 61st percentile of its 10-year range (long-run median 1.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is Emkay Global Financial Services Ltd growing?

Yes — Emkay Global Financial Services Ltd is growing: latest-quarter revenue +26.0% year on year, profit +90.6%, and the the net margin +3.3 pp at 9.9%. The 10-year compound rates are 14.2% (revenue) and 2.3% (profit). The earnings engine currently reads: improving — as of 31 July 2026.

How is Emkay Global Financial Services Ltd performing?

Emkay Global Financial Services Ltd is in a confirmed uptrend, 5 weeks in. Its latest quarter's income rose 26.0% and profit rose 90.6% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is Emkay Global Financial Services Ltd in?

Deteriorating — profit and EPS growth are shrinking (profit growth −59.1% latest against +382.3% at its 12-quarter best). The read comes from the last 12 quarters of growth (revenue growth +21.3% latest, profit growth −59.1% latest, eps growth −61.6% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is Emkay Global Financial Services Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 5 of stage 2), trading −3.3% versus its 200-day average and at 29% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Emkay Global Financial Services Ltd beating the market?

Not lately — on a trailing-13-week view Emkay Global Financial Services Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-24), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +360% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.

Will Emkay Global Financial Services Ltd's share price go up?

This page publishes no price forecast for Emkay Global Financial Services Ltd. What it measures instead: the share price is ₹242, the price is in a confirmed uptrend 5 weeks in. Its P/BV of 1.7× sits at the 61st percentile of its own 10-year range. — as of 31 July 2026.

Who owns Emkay Global Financial Services Ltd?

Promoters hold 72.8% of Emkay Global Financial Services Ltd, foreign institutions 0.8%, domestic institutions 0.0% and the public 26.4% (latest quarter). The biggest move on the register over the last two years: Promoters cut 1.4 points over 8 quarters. — as of 31 July 2026.

Is Emkay Global Financial Services Ltd's loan book healthy?

We do not hold quarterly loan-book quality numbers for Emkay Global Financial Services Ltd, so this page says that plainly. The cleanest available reads are revenue growth (+10.0% in FY26) and the net margin on it (9.9%) — as of 31 July 2026.

Where is Emkay Global Financial Services Ltd in its business cycle?

Emkay Global Financial Services Ltd's FY26 net margin was 3.8%, against a 13-year band of −13.7%–18.6%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 9.9%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Emkay Global Financial Services Ltd story?

The sharpest disagreement: the price moved +2.7% in a year while annual EPS moved −74.1% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Emkay Global Financial Services Ltd a stock worth studying right now?

This is not investment advice. The machine read: Emkay Global Financial Services Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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