BSE: 508905 | NSE: | Finance - Investment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that SMIFS Capital Markets Ltd is a below average quality company.
The key valuation ratios of SMIFS Capital Markets Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SMIFS Capital Markets Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 34.1 | 39.9 | 41.2 | 50.6 | 44.2 | 44.8 | 68.5 | 67.1 | 52.8 | 234 | 241 | |
| YoY Gr. Rt. % | - | 16.9% | 3.2% | 22.9% | -12.7% | 1.4% | 52.8% | -2.1% | -21.2% | 342.9% | - | |
| Adj EPS (₹ ) | 1.7 | 1.5 | 1.5 | 4.7 | 1 | 0.2 | 0.4 | 3.6 | 0.8 | 4.3 | 4.9 | |
| YoY Gr. Rt. % | - | -11.1% | 0.7% | 209.2% | -78.4% | -76.5% | 62.5% | 812.8% | -77% | 426.8% | - | |
| BVPS (₹ ) | 176.8 | 177.4 | 188.2 | 198.2 | 195.4 | 184 | 187.8 | 208.4 | 211.3 | 232.1 | 276.2 | |
| YoY Gr. Rt. % | - | 0.4% | 6.1% | 5.3% | -1.4% | -5.8% | 2.1% | 11% | 1.4% | 9.8% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0.9 | 0.8 | 0.8 | 2.5 | 0.5 | 0.1 | 0.2 | 1.7 | 0.4 | 1.9 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 23.8% | 39.6% | 50.6% | 342.9% | ||||||||
| Adj EPS | 10.9% | 33.5% | 122.9% | 426.8% | ||||||||
| BVPS | 3.1% | 3.5% | 7.3% | 9.8% | ||||||||
| Share Price | 15.6% | 24.6% | 30.2% | 84.4% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 2.8 | 2.1 | 2.1 | 5.2 | 1.3 | 0.3 | 0.3 | 3 | 0.9 | 1 | 1.2 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 1 | 0.9 | 0.8 | 2.5 | 0.5 | 0.1 | 0.2 | 1.8 | 0.4 | 2 | 2.2 | |
Return on Equity has increased versus last 3 years average to 1.90%
Total Income has increased 50.62 CAGR in last 3 years
Net Profit has increased 122.92 CAGR in last 3 years
Total income growth is good in last 4 quarters
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.9 | 4.1 |
| TTM Sales (₹ Cr.) | 241 | 234 |
| BVPS (₹.) ⓘ | 276.2 | 274.5 |
| Reserves (₹ Cr.) ⓘ | 126 | 155 |
| P/BV ⓘ | 0.34 | 0.34 |
| PE ⓘ | 19.15 | 22.93 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 43.61 / 110.93 |
| All Time Low / High (₹) | 3.67 / 200.00 |
| Market Cap (₹ Cr.) | 55.2 |
| Equity (₹ Cr.) | 5.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 34.24 | 39.96 | 46.28 | 53.31 | 48.76 | 48.91 | 73.34 | 71.73 | 57.39 | 239.68 |
| Interest Income | 34.14 | 39.91 | 41.18 | 50.62 | 44.19 | 44.81 | 68.46 | 67.05 | 52.82 | 233.94 |
| Other Income ⓘ | 0.10 | 0.06 | 5.10 | 2.69 | 4.57 | 4.10 | 4.87 | 4.68 | 4.57 | 5.74 |
| Expenditure ⓘ | 33.24 | 38.86 | 45.31 | 52.38 | 48.02 | 48.70 | 70.22 | 69.68 | 56.71 | 236.39 |
| Interest Expense ⓘ | 0.03 | 0.02 | 0.02 | 0.08 | 0.04 | 0.03 | 0.02 | 0.01 | 0 | 0.01 |
| Operating Expenses ⓘ | 32.92 | 37.92 | 44.98 | 52.13 | 46.67 | 47.31 | 68.48 | 69.46 | 55.71 | 235.93 |
| Provisions | 0.29 | 0.92 | 0.31 | 0.17 | 1.31 | 1.36 | 1.72 | 0.21 | 1 | 0.45 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1.10 | 0.97 | 0.93 | 0.75 | 0.21 | 3.12 | 2.05 | 0.68 | 3.29 |
| Taxes ⓘ | 0.05 | 0.25 | 0.11 | -1.71 | 0.18 | 0.08 | 2.90 | 0.06 | 0.22 | 0.88 |
| Profit After Tax | 0.96 | 0.85 | 0.86 | 2.64 | 0.57 | 0.13 | 0.22 | 1.99 | 0.46 | 2.41 |
| Adjusted EPS (₹) | 1.7 | 1.5 | 1.5 | 4.7 | 1.0 | 0.2 | 0.4 | 3.6 | 0.8 | 4.3 |
| Dividend Payout Ratio (%) | 58% | 49% | 65% | 21% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 104.97 | 105.01 | 105.09 | 110.67 | 109.11 | 102.75 | 104.88 | 116.40 | 118 | 129.60 |
| Share Capital ⓘ | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 |
| Reserves ⓘ | 99.39 | 99.42 | 99.50 | 105.08 | 103.53 | 97.16 | 99.29 | 110.81 | 112.42 | 124.02 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | -4.33 | -4.29 | -0.54 | -2.33 | -2.33 | -2.90 | -0.88 | 2.09 | 2.13 | 2.39 |
| Current Liabilities | 2.09 | 1.54 | 1.09 | 0.92 | 1.04 | 2.18 | 1.84 | 5.24 | 0.84 | 1.29 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0.42 | 4.43 | 0 | 0 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -0.42 | -4.43 | 0 | 0 |
| Total Liabilities ⓘ | 102.74 | 102.26 | 105.63 | 109.26 | 107.82 | 102.03 | 105.84 | 123.73 | 120.97 | 133.28 |
Assets | ||||||||||
| Non Current Asset | 87.48 | 92.61 | 55.33 | 57.74 | 106.49 | 100.64 | 104.41 | 116.77 | 118.40 | 130.81 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 87.48 | 92.61 | 55.33 | 57.74 | 106.49 | 100.64 | 104.41 | 116.77 | 118.40 | 130.81 |
| Current Asset | 15.26 | 9.65 | 50.30 | 51.52 | 1.33 | 1.39 | 1.43 | 6.96 | 2.57 | 2.47 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Asset | 15.26 | 9.65 | 50.30 | 51.52 | 1.33 | 1.39 | 1.43 | 6.96 | 2.57 | 2.47 |
| Total Assets ⓘ | 102.74 | 102.26 | 105.63 | 109.26 | 107.82 | 102.03 | 105.84 | 123.73 | 120.97 | 133.28 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2.06 | 3.45 | 17.70 | -18.13 | -8.60 | -3.04 | 45.49 | -3.63 | -7.02 | -6.64 |
| Cash Flow From Investing Activity ⓘ | 3.65 | -3.30 | -2.90 | 4.36 | 8.68 | 2.95 | -44.74 | 7.89 | 2.59 | 8.06 |
| Cash Flow From Financing Activity ⓘ | -0.80 | -0.68 | -0.39 | -0.44 | -0.84 | -0.08 | -0.19 | -0.14 | -0.04 | 0.04 |
| Net Cash Flow ⓘ | 0.80 | -0.53 | 14.40 | -14.21 | -0.75 | -0.18 | 0.56 | 4.12 | -4.47 | 1.46 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 2 | 2 | 2 | 5 | 1 | 0 | 0 | 4 | 1 | 4 |
| DPS (₹) | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 177 | 177 | 188 | 198 | 195 | 184 | 188 | 208 | 211 | 232 |
Performance Ratios | ||||||||||
| ROA (%) | 0.9 | 0.8 | 0.8 | 2.5 | 0.5 | 0.1 | 0.2 | 1.7 | 0.4 | 1.9 |
| ROE (%) | 1.0 | 0.9 | 0.8 | 2.5 | 0.5 | 0.1 | 0.2 | 1.8 | 0.4 | 2.0 |
| ROCE (%) | 1.1 | 1.1 | 1.0 | 0.9 | 0.7 | 0.2 | 3.0 | 1.9 | 0.6 | 2.7 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.1 | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
SMIFS Capital Markets is a SEBI registered Merchant Banker and Underwriter. The company has an experienced team of professionals with demonstrated skills in all areas of corporate finance, merchant banking, corporate advisory services, treasury management and project finance. But most importantly, the strength of SMIFS Capital Markets lies in the professionalism and integrity of employees. The company has associates in all the major metros of the country viz., Kolkata, Chennai, New Delhi, Banglore & Hyderabad and branch at Mumbai.
Areas of operations of the company:
Merchant Banking and Corporate Finance- SCML has handled 174 issues in the capacity of Lead Manager / Co-Manager / Advisor to issues, Merchant Banker to Open Offers and Manager to Buy Back Offers which includes those of prestigious clients like (India) Mukta Arts Ltd., Pritish Nandy Communications Ltd., and Moving Picture Company Ltd.
SCML is active in the mergers & acquisitions business by assisting corporate bodies in identifying suitable buyers / sellers of companies / businesses e.g. SCML represented India Cements Limited for sale of its cements plant and also represented Hindustan Sanitaryware for acquiring a division. The company has recently been involved in restructuring of Birla VXL Limited. The company has also underwritten many public and rights issues.
Further, SCML is also actively involved in providing assistance to corporate bodies through Syndication of Loans from various bodies Corporate/Banks and Financial Institutions. SCML has arranged sizeable amount of term loan for Project Finance and Construction Finance.
SCML clientele includes Foreign Institutional Investors (FII), Indian Financial Institutions (IFI) and High Net-worth Individuals (HNI). The company is active in placement of shares and has arranged/mobilized funds by placement of shares with private equity funds, FII, IFI and HNI. For Example the company has placed sizeable equity of MTR Foods Limited with J. P. Morgan Chase private equity fund, placed shares of SICAL with Llyod George Investment Management (Bermuda) Limited, placed shares of Sintex Industries Limited with various Foreign Institutional Investors and Mutual Funds.
Marketing Services SCML is a marketing associate to almost all Mutual Funds in India. It is also a marketing associate of a large number of Corporate Fixed Deposit Schemes, as also of various other debt Instruments issued by Financial Institutions. SCML has excellent relationship with some of the leading Foreign Institutional Investors, Indian Mutual funds and Indian Financial Institutions.
Services offered by the company:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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