SMC Global Securities Ltd (SMCGLOBAL) — share price & stock analysis
Profits are still 45% below their best year, the share price is running behind the results.
SMC Global Securities Ltd (SMCGLOBAL) trades at ₹70.7 as of 1 July 2026, down 8.0% over the past year — trailing NIFTY 500 for 1 week. The machine reads this as shrinking, fairly priced: profits are still 45% below their best year, the share price is running behind the results. It trades at a P/BV of 1.1× (the 62nd percentile of its own range); the price is in Stage 4 — declining, 12 weeks in; the business cycle reads CYCLICAL / EXPANSION. Fundamentals-momentum score: 83/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹1,481 Cr
- P/BV
- 1.13×
- ROE
- 8.1%
- vs own 10-yr valuation
- 62nd pctile
- Book value / share
- ₹62.3
- EPS (TTM)
- ₹4.84
- 10-yr median P/BV
- 1.1×
- Revenue (FY26)
- ₹1,878 Cr
- Profit after tax (FY26)
- ₹103 Cr
- Weinstein stage
- Stage 4 (12 weeks)
- Data as of
- 1 July 2026
Profits breathe with a cycle here — profit drawdowns of ~68% along the way. Swings like that are normal for this business, not news.net_profit
Where the clock stands now: earnings sit at 48% of their historical range, margins are near the bottom of their band, and the market pays mid-range (62nd percentile). That reads as EXPANSION — the middle of the cycle with margins still near their own lows — if margins mean-revert upward there is fuel left; if they don’t, growth has to do all the work.net_profit
One tension to hold: profits are compounding while margins sit near the bottom of their own historical band. That cuts both ways — there is recovery left to collect if margins climb back, but it also means today’s growth is being earned on thin economics.
3 of the 4 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROE 8% — below what a bank must earn to create value; the spread is near its 13-year low. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, lending and bad loans count double.
The business grew faster than the stock
Since Mar 2021, earnings per share grew 367% while the stock is up 104%. The business has outrun its own share price.pricettm_eps
But the cheapness has a reason: a bank earning about 8% on its equity is worth less per rupee of book, and the market has repriced what that is worth — it hasn’t overlooked it. The gap closes only if the returns themselves improve.roe
Today’s P/BV of 1.1× is the middle of its own range against its own history since 2021 (62nd percentile) — neither a bargain nor a stretch, by its own standards.pb_ratio
Data: Price, EPS and valuation (sampled — full series in the embedded dataset)
| Period | Price (₹) | EPS (TTM) (₹) | P/BV (×) |
|---|---|---|---|
| Mar 21 | 34.8 | – | – |
| Apr 21 | 34.5 | 1.0 | – |
| May 21 | 33.6 | 1.0 | – |
| Jul 21 | 38.8 | – | 1.1 |
| Aug 21 | 45.5 | 4.6 | 1.3 |
| Sep 21 | 37.4 | 5.5 | 1.1 |
| Oct 21 | 39.3 | 5.5 | 1.0 |
| Nov 21 | 38.4 | 6.7 | 1.0 |
| Dec 21 | 36.5 | 6.8 | 1.0 |
| Jan 22 | 41.1 | 7.4 | 1.1 |
| Mar 22 | 36.5 | 7.3 | 0.9 |
| Apr 22 | 42.1 | 7.4 | 1.2 |
| May 22 | 39.9 | 7.7 | 1.2 |
| Jun 22 | 44.0 | 7.7 | 1.1 |
| Jul 22 | 44.5 | 7.7 | 1.1 |
| Aug 22 | 43.4 | 7.2 | 1.1 |
| Sep 22 | 39.1 | 7.3 | 1.0 |
| Nov 22 | 42.4 | 6.4 | 1.1 |
| Dec 22 | 40.1 | 6.4 | 0.9 |
| Jan 23 | 38.7 | 6.3 | 0.9 |
| Feb 23 | 38.0 | 6.3 | 0.9 |
| Mar 23 | 37.0 | 6.4 | 0.9 |
| Apr 23 | 37.7 | 6.4 | 0.9 |
| Jun 23 | 37.1 | 5.6 | 0.9 |
| Jul 23 | 37.0 | 5.7 | 0.8 |
| Aug 23 | 37.5 | 5.4 | 0.8 |
| Sep 23 | 39.8 | 5.4 | 0.9 |
| Oct 23 | 44.0 | 5.4 | 0.9 |
| Nov 23 | 51.0 | 5.9 | 1.1 |
| Dec 23 | 50.7 | 5.9 | 1.1 |
| Feb 24 | 54.5 | 6.8 | 1.1 |
| Mar 24 | 63.0 | 6.9 | 1.3 |
| Apr 24 | 72.8 | – | 1.6 |
| May 24 | 83.4 | 9.0 | 1.9 |
| Jun 24 | 86.0 | 9.0 | 1.6 |
| Jul 24 | 79.1 | 9.0 | 1.5 |
| Aug 24 | 73.2 | 10.0 | 1.4 |
| Oct 24 | 73.6 | 10.1 | 1.3 |
| Nov 24 | 72.2 | 10.3 | 1.3 |
| Dec 24 | 75.1 | 10.3 | 1.3 |
| Jan 25 | 63.8 | 10.3 | 1.1 |
| Feb 25 | 59.2 | 9.9 | 1.1 |
| Mar 25 | 52.1 | – | 0.9 |
| May 25 | 55.0 | – | 1.1 |
| Jun 25 | 58.8 | 7.0 | 1.1 |
| Jul 25 | 76.5 | 7.0 | 1.5 |
| Aug 25 | 69.1 | 5.9 | 1.2 |
| Sep 25 | 70.6 | 5.8 | 1.2 |
| Oct 25 | 68.2 | – | 1.1 |
| Nov 25 | 61.8 | 4.7 | 1.0 |
| Jan 26 | 92.1 | 4.7 | 1.5 |
| Feb 26 | 84.1 | 4.0 | 1.4 |
| Feb 26 | 76.8 | 4.0 | 1.3 |
| Apr 26 | 61.8 | 4.0 | 1.0 |
| May 26 | 65.5 | 4.9 | 1.1 |
| Jun 26 | 59.9 | 4.9 | 1.0 |
| Jun 26 | 73.2 | 4.9 | 1.2 |
| Jul 26 | 70.7 | 4.8 | 1.1 |
Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/BV — what the market pays per rupee of book value; the dotted line is its long-run median (1.1×).
The price is in a downtrend — fighting it is expensive
STAGE 4 · DECLINING · 12 WEEKSPrice trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 4: declining — 12 weeks so far, confirmed.stage
The price is below its falling 200-day average — history says most of the damage in stocks happens here. Cheap can get cheaper in Stage 4.dma_200
Trailing NIFTY 500 for 1 week — relative strength is the market’s live opinion, and right now it is against it.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Feb 21 | 52.6 | 47.8 | 48.0 | 4 |
| Apr 21 | 35.6 | 45.6 | 41.2 | 4 |
| May 21 | 35.5 | 43.2 | 37.6 | 4 |
| Jul 21 | 38.8 | 41.9 | 38.2 | 4 |
| Aug 21 | 40.7 | 42.7 | 42.8 | 4 |
| Sep 21 | 37.5 | 41.5 | 39.6 | 4 |
| Nov 21 | 38.0 | 40.7 | 38.4 | 4 |
| Dec 21 | 36.6 | 40.1 | 38.2 | 4 |
| Jan 22 | 41.1 | 39.8 | 39.0 | 4 |
| Mar 22 | 36.6 | 39.4 | 38.2 | 4 |
| Apr 22 | 41.3 | 39.5 | 39.3 | 4 |
| Jun 22 | 45.5 | 40.1 | 41.5 | 2 |
| Jul 22 | 44.9 | 41.5 | 44.2 | 2 |
| Aug 22 | 43.4 | 42.0 | 43.9 | 2 |
| Oct 22 | 39.6 | 41.8 | 41.8 | 2 |
| Nov 22 | 39.5 | 41.4 | 40.7 | 4 |
| Dec 22 | 38.4 | 40.9 | 39.8 | 4 |
| Feb 23 | 37.4 | 40.3 | 38.7 | 4 |
| Mar 23 | 37.0 | 39.6 | 37.9 | 4 |
| May 23 | 37.8 | 39.0 | 37.4 | 4 |
| Jun 23 | 38.3 | 38.6 | 37.4 | 4 |
| Jul 23 | 37.2 | 38.2 | 37.1 | 4 |
| Sep 23 | 40.5 | 38.3 | 38.3 | 4 |
| Oct 23 | 44.0 | 38.9 | 40.2 | 2 |
| Dec 23 | 50.4 | 41.0 | 45.8 | 2 |
| Jan 24 | 53.8 | 43.8 | 50.1 | 2 |
| Feb 24 | 71.5 | 48.0 | 58.2 | 2 |
| Apr 24 | 65.8 | 51.6 | 61.3 | 2 |
| May 24 | 83.4 | 57.9 | 72.8 | 2 |
| Jun 24 | 80.6 | 63.9 | 79.6 | 2 |
| Aug 24 | 73.5 | 67.1 | 77.1 | 2 |
| Sep 24 | 82.3 | 69.3 | 76.5 | 2 |
| Nov 24 | 71.8 | 71.1 | 76.3 | 2 |
| Dec 24 | 75.1 | 71.8 | 75.1 | 2 |
| Jan 25 | 61.3 | 70.6 | 68.9 | 4 |
| Mar 25 | 58.1 | 67.6 | 61.7 | 4 |
| Apr 25 | 56.1 | 64.7 | 57.3 | 4 |
| May 25 | 58.7 | 62.7 | 57.0 | 4 |
| Jul 25 | 76.5 | 64.9 | 68.1 | 4 |
| Aug 25 | 67.8 | 66.6 | 70.0 | 2 |
| Oct 25 | 70.1 | 67.1 | 69.4 | 2 |
| Nov 25 | 66.7 | 67.4 | 68.5 | 2 |
| Dec 25 | 88.0 | 68.8 | 73.5 | 3 |
| Feb 26 | 84.1 | 72.1 | 78.6 | 2 |
| Mar 26 | 64.8 | 72.8 | 74.8 | 2 |
| May 26 | 65.1 | 70.1 | 66.8 | 4 |
| Jun 26 | 72.2 | 69.0 | 65.2 | 4 |
| Jul 26 | 70.7 | 69.3 | 67.9 | 4 |
Profits have now fallen two years running
Over 12 years, income went from ₹293 Cr to ₹1,878 Cr (about 17% a year), and profit from ₹23.0 Cr to ₹103 Cr.revenuenet_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY14 | 293 |
| FY15 | 370 |
| FY16 | 422 |
| FY17 | 526 |
| FY18 | 652 |
| FY19 | 757 |
| FY20 | 780 |
| FY21 | 902 |
| FY22 | 1,118 |
| FY23 | 1,212 |
| FY24 | 1,642 |
| FY25 | 1,778 |
| FY26 | 1,878 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY14 | 23 |
| FY15 | 42 |
| FY16 | 35 |
| FY17 | 45 |
| FY18 | 52 |
| FY19 | 75 |
| FY20 | 24 |
| FY21 | 105 |
| FY22 | 175 |
| FY23 | 120 |
| FY24 | 188 |
| FY25 | 147 |
| FY26 | 103 |
Data: Spread % by year
| Period | Spread % (%) |
|---|---|
| FY14 | 95.6 |
| FY15 | 96.5 |
| FY16 | 95.7 |
| FY17 | 94.5 |
| FY18 | 92.8 |
| FY19 | 91.5 |
| FY20 | 92.2 |
| FY21 | 95.2 |
| FY22 | 94.8 |
| FY23 | 92.6 |
| FY24 | 90.6 |
| FY25 | 88.4 |
| FY26 | 88.2 |
The loan book is working — interest income jumped 23%
Mar 26 income was ₹517 Cr, up 23% on a year ago. A bank grows by lending more and charging well — this line is both together.revenue
Data: Quarterly interest + fee income
| Period | Income (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 311 | – |
| Sep 23 | 389 | – |
| Dec 23 | 428 | – |
| Mar 24 | 509 | – |
| Jun 24 | 448 | 44.1 |
| Sep 24 | 451 | 15.9 |
| Dec 24 | 455 | 6.3 |
| Mar 25 | 421 | -17.3 |
| Jun 25 | 425 | -5.1 |
| Sep 25 | 440 | -2.4 |
| Dec 25 | 495 | 8.8 |
| Mar 26 | 517 | 22.8 |
The squeeze is easing — the spread bottomed at 87% and is mending
Of every ₹100 of interest the bank earns, ₹11 goes straight out as interest on deposits and borrowings. It keeps ₹89 — up 2 points from a year ago.revenueinterest_expense
The visible arc: squeezed from 89% down to 87% (Jun 25) as deposits repriced faster than loans, and recovering since. The direction matters more than the level now.interest_expense
Data: Share of interest income kept, quarterly
| Period | Spread kept (%) |
|---|---|
| Jun 23 | 89.4 |
| Sep 23 | 91.0 |
| Dec 23 | 90.7 |
| Mar 24 | 90.8 |
| Jun 24 | 88.6 |
| Sep 24 | 88.5 |
| Dec 24 | 88.8 |
| Mar 25 | 87.4 |
| Jun 25 | 86.8 |
| Sep 25 | 88.4 |
| Dec 25 | 88.5 |
| Mar 26 | 89.0 |
Profit exploded 425% year on year
Mar 26 profit was ₹21.0 Cr, up 425% on last year — earnings per share of ₹1.01.net_profiteps
Where the growth comes from matters: this year it is the lending engine — net interest income — doing the lifting, not one-off provision releases. That is the more durable kind.revenue
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 30.0 | – |
| Sep 23 | 40.0 | – |
| Dec 23 | 52.0 | – |
| Mar 24 | 66.0 | – |
| Jun 24 | 53.0 | 76.7 |
| Sep 24 | 46.0 | 15.0 |
| Dec 24 | 44.0 | -15.4 |
| Mar 25 | 4.0 | -93.9 |
| Jun 25 | 30.0 | -43.4 |
| Sep 25 | 21.0 | -54.3 |
| Dec 25 | 31.0 | -29.5 |
| Mar 26 | 21.0 | 425.0 |
The biggest force in the bridge: lending more.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 4 |
| More interest income | +96 |
| Costlier deposits | −4 |
| Running costs & provisions | −69 |
| Fees & other income | 0 |
| Tax | −6 |
| PAT Mar 26 | 21 |
Priced mid-range against its own history
Today you pay ₹1.13 for every ₹1 of book value, against a long-run median of ₹1.10. It has traded cheaper than this only 62% of the time since 2021.pb_ratio
Data: Price-to-book over time (weekly) (sampled — full series in the embedded dataset)
| Period | P/BV (x) |
|---|---|
| Jun 21 | 1.1 |
| Jul 21 | 1.4 |
| Sept 21 | 1.1 |
| Oct 21 | 1.0 |
| Nov 21 | 1.0 |
| Jan 22 | 1.0 |
| Feb 22 | 1.0 |
| Apr 22 | 1.2 |
| May 22 | 1.2 |
| Jun 22 | 1.1 |
| Aug 22 | 1.1 |
| Sept 22 | 1.0 |
| Oct 22 | 1.0 |
| Dec 22 | 0.9 |
| Jan 23 | 0.9 |
| Mar 23 | 0.9 |
| Apr 23 | 0.9 |
| May 23 | 0.9 |
| Jul 23 | 0.8 |
| Aug 23 | 0.9 |
| Sept 23 | 0.9 |
| Nov 23 | 0.9 |
| Dec 23 | 1.1 |
| Feb 24 | 1.1 |
| Mar 24 | 1.3 |
| Apr 24 | 1.6 |
| Jun 24 | 1.7 |
| Jul 24 | 1.4 |
| Aug 24 | 1.4 |
| Oct 24 | 1.3 |
| Nov 24 | 1.3 |
| Jan 25 | 1.2 |
| Feb 25 | 1.0 |
| Mar 25 | 0.9 |
| May 25 | 1.0 |
| Jun 25 | 1.3 |
| Aug 25 | 1.3 |
| Sept 25 | 1.2 |
| Oct 25 | 1.1 |
| Dec 25 | 1.2 |
| Jan 26 | 1.4 |
| Feb 26 | 1.4 |
| Mar 26 | 1.0 |
| May 26 | 1.1 |
| Jun 26 | 1.1 |
| Jul 26 | 1.1 |
The owners aren’t moving
Promoters hold 66.7%, essentially unchanged. Foreign funds own 2.4%, domestic funds 0.0%.promoters_pctfiis_pctdiis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) | Domestic funds (%) |
|---|---|---|---|
| Jun 23 | 67.4 | 1.1 | 0.0 |
| Sep 23 | 67.4 | 1.1 | 0.0 |
| Dec 23 | 67.4 | 0.9 | 0.0 |
| Mar 24 | 67.3 | 1.0 | 0.0 |
| Jun 24 | 67.3 | 1.5 | 0.0 |
| Sep 24 | 67.3 | 2.4 | 0.0 |
| Dec 24 | 67.3 | 2.8 | 0.0 |
| Mar 25 | 67.3 | 2.7 | 0.0 |
| Jun 25 | 67.3 | 2.6 | 0.0 |
| Sep 25 | 67.5 | 2.4 | 0.1 |
| Dec 25 | 66.8 | 2.9 | 0.0 |
| Mar 26 | 66.7 | 2.4 | 0.0 |
- Promoters are not selling. Their stake has moved 0.5 points or less in 8 quarters — it sits at 66.7%.promoters_pct
- Funding costs are not blowing up — interest paid has stayed near 11% of income all through.interest_expense
Strong on the data — worth the deeper look if the story keeps its promises
The numbers lean positive, and the discount to the delivery has a reason — the market prices what this level of profitability is worth.
Best thing in the data: profit rising (₹4.0 Cr → ₹21.0 Cr).net_profit
One dissent worth hearing: our catalysts lens reads negative — “3 earnings trigger(s): operating_leverage, product_mix_shift, asset_quality_improvement. 2 risk factor(s): NBFC revenue compression from cautious lending, Fundi”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does SMC Global Securities Ltd do?
Incorporated in 1994, SMC Global Securities Ltd offers financial services, with operations spanning across Broking, Distribution & Trading, Financing, and also Insurance Broking, supported by their subsidiary companies. It is listed in the Finance - Capital Markets - Brokers sector with a market capitalisation of ₹1,481 Cr.
What is SMC Global Securities Ltd's share price?
As of 1 July 2026, SMC Global Securities Ltd trades at ₹70.7, down 8.0% over the past year, with a market capitalisation of ₹1,481 Cr. Trailing NIFTY 500 for 1 week. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is SMC Global Securities Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates SMC Global Securities Ltd's intrinsic value at ₹30.0 per share under base assumptions (bear ₹30.0, bull ₹30.0), against the current price of ₹70.7 — a 56% premium to model value. The current price already implies roughly 7% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
Is SMC Global Securities Ltd stock overvalued or undervalued?
SMC Global Securities Ltd trades at a P/BV of 1.1× — the 62nd percentile of its own 5.3-year trading range (median 1.1×), which is above the middle of its own historical range. The business grew faster than the stock. Since Mar 2021, earnings per share grew 367% while the stock is up 104%. The business has outrun its own share price.
What did SMC Global Securities Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 income was ₹517 Cr, up 23% on a year ago. A bank grows by lending more and charging well — this line is both together. Mar 26 profit was ₹21.0 Cr, up 425% on last year — earnings per share of ₹1.01. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is SMC Global Securities Ltd growing?
The loan book is working — interest income jumped 23%. Mar 26 income was ₹517 Cr, up 23% on a year ago. A bank grows by lending more and charging well — this line is both together.
Are SMC Global Securities Ltd's profits growing?
Profit exploded 425% year on year. Mar 26 profit was ₹21.0 Cr, up 425% on last year — earnings per share of ₹1.01.
How much of its interest income does SMC Global Securities Ltd keep?
The squeeze is easing — the spread bottomed at 87% and is mending. Of every ₹100 of interest the bank earns, ₹11 goes straight out as interest on deposits and borrowings. It keeps ₹89 — up 2 points from a year ago.
What is SMC Global Securities Ltd's long-term growth record?
Revenue grew from ₹293 Cr in FY14 to ₹1,878 Cr in FY26 — a 16.7% compound annual growth rate over 12 years. Profit after tax compounded at 13.3% over the same period (₹23 Cr → ₹103 Cr).
Is SMC Global Securities Ltd stock in an uptrend?
The price is in a downtrend — fighting it is expensive. SMC Global Securities Ltd is in Stage 4 — declining, 12 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is SMC Global Securities Ltd stock falling?
The price is down 8% over the past year and the chart is in Weinstein Stage 4 (declining) — trading below its 200-day average, with the P/BV at the 62nd percentile of its own range. Since Mar 2021, earnings per share grew 367% while the stock is up 104%. The business has outrun its own share price.
Is SMC Global Securities Ltd beating the NIFTY 500?
No — trailing NIFTY 500 for 1 week, as of 1 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is SMC Global Securities Ltd in its business cycle?
The data reads SMC Global Securities Ltd as a cyclical business currently in its expansion phase — earnings at 48% of their own historical range, valuation at the 62nd percentile. Profits breathe with a cycle here — profit drawdowns of ~68% along the way. Swings like that are normal for this business, not news.
Who owns SMC Global Securities Ltd — what is the promoter holding?
Promoters hold 66.7%, essentially unchanged. Foreign funds own 2.4%, domestic funds 0.0%. Shareholding is from Screener's quarterly filings data.
What is the bull case for SMC Global Securities Ltd?
Profits are still 45% below their best year, the share price is running behind the results. Best thing in the data: profit rising (₹4.0 Cr → ₹21.0 Cr). The loan book is working — interest income jumped 23%.
What is the bear case for SMC Global Securities Ltd — what could break the story?
Two quarters of profit reversing would kill this story. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is SMC Global Securities Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: strong on the data — worth the deeper look if the story keeps its promises. The numbers lean positive, and the discount to the delivery has a reason — the market prices what this level of profitability is worth. Across the 7-model scorecard the composite research signal is study deeper at 66% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.