Smc Global Securities Limited has informed the Exchange about Investor Presentation
g- smc
Moneywise. Be wise.
SMC GLOBAL SECURITIES LIMITED
Member: NSE + BSE * MSE * NCDEX « ICEX * MCX
Clearing & Trading Member : Cash, F&O, Currency, Debt & Commodity SEBI Regn. No. : INZ 000199438 « Research Analyst No. : INH100001849 « Investment Adviser No. : INA100012491
Regd. Office : 11/6B, Shanti Chamber, Pusa Read, New Delhi-110005 Ph : +91-11-30111000, 40753333 E-mail : smc@smcindiaonline.com Website : www.smcindiaonline.com
Fax : +91-11-25754365 « CIN No. : L74899DL1994PLC063609
Date: 19.05.2023
Listing Operations BSE Limited, P J Towers, Dalal Street, Mumbai -400001, India
Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, (E) Mumbai - 400051
Scrip Code: 543263
Symbol: SMCGLOBAL
Dear Sir(s),
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule Ill Part A (15), please find enclosed the copy of Earnings Presentation for the quarter and year ending 31.03.2023.
You are requested to kindly take note of the same.
Thanking you,
For SMC Global Securities Limited
Suman Kumar E.V.P. (Corporate Affairs & Legal), Company Secretary & Compliance Officer (Membership No. F5824)
MUMBAI OFFICE
: A Wing, 401/402, Lotus Corporate Park, Graham Firth Steel Compound, Off Western Express Highway, Jay Coach Signal, Goregaon East
Mumbai-400063 Ph : +91-22-67341600, 66481818 Fax : +91-22-67341697 E-mail : smcmumbai@smcindiaonline.com
KOLKATA OFFICE:
18, Rabindra Sarani, Poddar Court, Gate No. 4, 5th Floor, Kolkata - 700001 Ph : +91-33-66127000 Fax : +91-33-66127004 E-mail : smckolkata@smcindiaonline.com
=!
A SEI Initiative
ARAN
er
Earnings Presentation Q4-FY23/ FY23
SMC at a Glance
Branches Across India 143 Including 1 in Dubai
Cities Covered 452
Employees 3,925
Sub-brokers / Authorised Persons 2,548
Network of Financial Distributors 6,928
Client Demat A/Cs 9,37,026
Clearing & Settlement trading members 324
Cumulative AUM/AUA under Mutual Funds INR 29.92 Bn
Running SIPs 69,130
Insurance Policies sold 9,57,635
Insurance Premium INR 27,166 Mn
NBFC AUM INR 9,012 Mn
Ratings: Short Term- ICRA A1+ Long Term- ICRA A (STABLE)
Earnings Presentation
Consolidated Net worth
INR 9,327Mn
5 Year Revenue CAGR* 13.43%
5 Year PAT CAGR* 18.79%
Net D/E 0.94x
• •
All numbers as of Q4-FY23 *Numbers as of FY23
2
SMC Group Overview
•
SMC Global Securities Ltd was established in 1994 by founders Mr. Subhash C. Aggarwal and Mr. Mahesh C. Gupta.
• Over the years, the company has grown into a diversified financial services company offering brokerage services, investment banking, wealth management, insurance broking, clearing & distribution of depository services, financial advisory services to corporates, institutions, high net worth individuals and other retail clients.
financing, fixed income securities,
financial products,
•
•
•
•
•
The company has launched various innovative digital capabilities and best-in-class products and services.
technology-enabled
Through a strong network of approx. 2,548 Sub Brokers and Authorized Persons the company’s footprint spreads over 452 cities across India.
The company is governed by strong board including 6 independent directors and is run by a highly qualified and experienced management team.
SMC has had a consistent growth track record and is well poised to get larger share of the ever-growing capital markets in India.
The company’s vision is to be a global organization having a dominant position in financial & investment services through customer centric approach.
Consolidated Revenue (INR Mn) & EBITDA (%)
9,013
21.67%
7,785
15.24%
11,169
26.42%
12,167
22.18%
FY20
FY21
FY22
FY23
FY23 Revenue Pie (%)
11%
28%
61%
Broking, Distribution & Trading
Insurance
NBFC
Earnings Presentation
3
Business Structure
SMC Global Securities Ltd.
Insurance Broking
Broking, Distribution & Trading
Financing
Life Insurance
Equity, Commodity, Currency & Full-Service Broking
Clearing Services
Financial Products Distribution
Wealth Management
SME – Loan Against Property (LAP)
SME – Working Capital Term Loan (WCTL)
Proprietary Trading
Fixed Income
Discount Broking
Portfolio Management
SME-Asset Finance
Onward Lending
General Insurance
Investment Banking
Real Estate/ Mortgage Advisory
Institutional Broking
Research Services
Capital Market Funding (CMF)
Gold Loan
Gift City (IFSC)
Earnings Presentation
4
India INX
NSE IFSC
IIBX
Key Strengths
•
Top Management of SMC has Over 30 Years of experience in industry
• Well established and deeply penetrated national brand with strong reputation and good recall
•
•
•
•
Group has extensive corporate relationships
An ever-growing database of corporate and retail clients
Innovative use of digital technology-enabled capabilities, best-in-class products and services
Strong network of approx. 2,548 Authorized persons and Sub-brokers, with a footprint covering over 452 cities across India
• Wide range of financial products under one roof
•
SMC has earned trust that cements “One Transaction Lifetime Relationship,” the belief that centers on managing, growing and protecting the investment of our clients for generations
Earnings Presentation
5
Broking, Distribution & Trading
•
•
•
•
•
•
•
Broking business comprises of brokerage, including discount brokerage “Stoxkart,” dealing in equities, commodities, currency derivatives and other securities on behalf of customers, clearing services across all major stock exchanges and depository services.
Distribution business encompasses distributing third-party financial products like Mutual Funds, IPOs, FPOs, Corporate FD’s and Bonds and various other capital market products.
This segment also covers wealth and portfolio management services along with providing investment banking services and advisory in real estate and mortgage / loan advisory.
The company also houses proprietary arbitrage trading through a new generation algorithmic trading/HFT.
Procurement and placements of debt instruments like G-Secs for various corporate clients is carried out under the fixed income desk.
SMC has banking tie ups with leading institutions like Punjab National Bank, Union Bank of India, Indian Overseas Bank, Karur Vysya Bank, Dhanlaxmi Bank as execution partners for broking services.
SMC has tied up with PNB for new brokerage plan "Discount Brokerage".
Increasing Online Penetration
69%
50%
43%
41%
Authorised Persons / Sub-Brokers
2,574
2,513
2,548
2,230
Segment Revenue* (INR Mn)
7,719
7,678
6,075
4,756
FY20
FY21
FY22
FY23
*includes other income
FY23 Revenue Pie (%)
36%
64%
50%
57%
59%
31%
FY20
Earnings Presentation
FY21
Online
FY22 Offline
FY23
FY20
FY21
FY22
FY23
Broking & Trading
Others
6
Insurance Broking
•
•
•
•
•
SMC Insurance Brokers Pvt. Ltd. which is a Direct Insurance Broker registered with IRDAI (Insurance Regulatory and Development Authority of India) provides a complete array of services in Life Insurance and General Insurance Category including consulting, risk analysis, policy serving and claim settlement assistance.
SMC is one of the largest players in India in the General Insurance Retail Broking as well as for Life Insurance in India.
It provides these services through 8 branches across the country with more than 578 employees, 13,672 Point of Sales (POSs) and 294 Motor insurance Service Providers (MISPs) servicing a retail customer base of more than 9,50,000 a year.
The company operates independently of insurance companies, representing clients and rendering impartial advice to protect client’s interests.
Customers taking insurance through SMC benefit by lower premium and/or better quality of insurance cover, expert consultancy, practical pre-sale advice and efficient post-sale services.
Segment Revenue* (INR Mn.)
3,482
2,207
2,452
2,760
FY20
FY23 *Revenue recognition changed from net to gross basis from FY18.
FY21
FY22
No. of Policies (In Thousands)
676
739
958
802
FY20
FY21
FY22
FY23
Earnings Presentation
7
NBFC – Middle Layer
•
In the year 2008, SMC started providing financing services through its wholly owned subsidiary, Moneywise Financial Services Pvt. Ltd. (SMC Finance).
• During the year, the Company offered wide spectrum of financial products like SME- LAP (Loan against property), SME-Onward-lending (to NBFC/MFI), SME Equipment finance (Medical & Industrial equipment’s), SMEWCTL (Unsecured business loans), Gold Loans and Loan against securities. The Company has also entered into its first Co-lending tie-up with Central Bank of India in Q4 FY' 2023.
•
• The Company has ventured into Gold loan business during the year and also opened its first
dedicated Gold loan branch in January 2023.
Gold Loan
CMF
Consumable Durables
Retail DAs
Onward Lending
SME Assets
SME LAP
SME WCTL
Total
AUM (INR Mn)
Tenure (Months)
Rate of Interest (Range) (%)
124
6
178
3
14
6
293
12
1,504
24
608
60
2,043
120
4,248
9,012
36
10 – 18
18 – 20
18 – 20
15 – 18
14.5 – 16.5
13 – 15
10 – 15
18 – 20
No. of Clients
7,168
322
9,153
9,316
47
41
124
2,171
28,342
* All numbers as of Q4-FY23 Earnings Presentation
Segment Revenue (INR Mn)
1,370
985
878
827
FY20
FY21
FY22
FY23
FY23 Lending Portfolio
1%
7% 3%
23%
17%
2%
47%
SME-Loan Against Property (LAP) Consumer Durable Loans Onward Lending Direct Assignment
SME-Working Capital Term Loan (WCTL) Capial Market Funding (CMF) SME-Asset Finance Gold Loan
8
Q4-FY23/FY23 SMC Global Financial Overview
9
Q4-FY23/FY23 Key Financial Highlights
Q4-FY23 Consolidated Financial Highlights
FY23 Consolidated Financial Highlights
Revenue INR 3,056 Mn
EBITDA INR 626 Mn
EBITDA Margin 20.48%
Revenue INR 12,167 Mn
EBITDA INR 2,699 Mn
EBITDA Margin 22.18%
PAT INR 219 Mn
PAT Margin 7.17%
Diluted EPS INR 2.11
PAT INR 1,204 Mn
PAT Margin 9.90%
Diluted EPS INR 11.25
Q4-FY23 Standalone Financial Highlights
FY23 Standalone Financial Highlights
Revenue INR 1,617 Mn
EBITDA INR 392 Mn
EBITDA Margin 24.24%
Revenue INR 6,792 Mn
EBITDA INR 1,821 Mn
EBITDA Margin 26.81%
PAT INR 144 Mn
PAT Margin 8.91%
Diluted EPS INR 1.40
PAT INR 934 Mn
PAT Margin 13.75%
Diluted EPS INR 8.72
Earnings Presentation
10
Q4-FY23/FY23 Key Operational Highlights
General:
•
Income from operations grew by about 6% Y-o-Y in Q4-FY23 and by 9% Y-o-Y in FY23
• Decline in EBITDA margins was due to Y-o-Y decrease in Investment Income by Rs. 319 Mn and Y-o-Y decrease in net gain on proprietary trading income by Rs. 260 Mn in FY23
• Consolidated Book value per share increased to Rs. 89.1 as of FY23 from Rs. 81.9 as of FY22
• Debt equity ratio stood at 0.98x
• Company is focusing on improving technological strength
Broking, Distribution & Trading:
• Revenue decreased by 3.56% Y-o-Y in Q4-FY23 and by 0.53 % Y-o-Y in FY23
• Number of Branches increased Y-o-Y from 83 to 119 as on March 2023
Insurance:
• Revenue grew by 22% Y-o-Y in Q4-FY23 and by 26% Y-o-Y in FY23
• EBIT increased by 45% in Q4-FY23 and by 14% in FY23
Financing:
• Loan AUM increased by 31% Y-o-Y to INR 9,012 Mn in FY23 from INR 6,904 Mn in the same period in corresponding year
• Revenue increased by 24% Y-o-Y in Q4 FY23 and by 39% Y-o-Y in FY23
• EBIT increased by 11% Y-o-Y in Q4 FY23 and by 65% Y-o-Y in FY23
• GNPA & NNPA as on 31st March 2023 decreased to 2.27% & 1.44%, respectively from 2.83% & 1.99%, respectively in March 2022
• Disbursement has increased by 99% Y-o-Y in FY23 to INR 8,583 Mn from INR 4,310 Mn in the same period in corresponding year
Earnings Presentation
11
Quarterly Consolidated Income Statement
Particulars (INR Mn)
Operational Income
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Interest
PBT
Tax
Profit After tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Basic & Diluted EPS (INR)
Earnings Presentation
Q4-FY23
Q4-FY22
3,056
2,430
626
2,897
2,172
725
20.48%
25.03%
14
64
269
307
88
219
6
56
160
515
106
409
Y-o-Y
5.5%
11.9%
(13.7)%
(455) Bps
NA
14.3%
68.1%
(40.4)%
(17.0)%
(46.5)%
Q3-FY23
3,191
2,476
715
Q-o-Q
(4.2)%
(1.9)%
(12.4)%
22.41%
(193) Bps
14
61
255
413
93
320
0.0%
4.9%
5.5%
(25.7)%
(5.4)%
(31.6)%
7.17%
14.12%
(695) Bps
10.03%
(286) Bps
2
221
2.11
(16)
393
3.62
NA
(43.8)%
(41.7)%
7
327
3.05
(71.4)%
(32.4)%
(30.8)%
12
Annual Consolidated Income Statement
Particulars (INR Mn)
Operational Income
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Interest
PBT
Tax
Profit After tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Basic & Diluted EPS (INR)
Earnings Presentation
FY23
12,167
9,468
2,699
22.18%
41
227
893
1,620
416
1,204
9.90%
50
1,254
11.25
FY22
11,169
8,218
2,951
26.42%
39
201
575
2,214
468
1,746
15.63%
16
1,762
15.43
Y-o-Y
8.9%
15.2%
(8.5)%
(424) Bps
5.1%
12.9%
55.3%
(26.8)%
(11.1)%
(31.0)%
(573) Bps
NA
(28.8)%
(27.1)%
13
Quarterly Standalone Income Statement
Q4-FY23
Q4-FY22
Particulars (INR Mn)
Operational Income
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Interest
PBT
Tax
Profit After tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Basic & Diluted EPS (INR)
Earnings Presentation
1,617
1,225
392
24.24%
22
49
178
187
43
144
8.91%
(1)
143
1.40
1,684
1,180
504
29.93%
17
40
106
375
77
298
Y-o-Y
(4.0)%
3.8%
(22.2)%
(569) Bps
29.4%
22.5%
67.9%
(50.1)%
(44.2)%
(51.7)%
Q3-FY23
1,706
1,257
449
Q-o-Q
(5.2)%
(2.5)%
(12.7)%
26.31%
(207) Bps
12
46
159
257
58
199
83.3%
6.5%
11.9%
(27.2)%
(25.9)%
(27.6)%
17.70%
(879) Bps
11.66%
(275) Bps
(21)
277
2.63
(95.2)%
(48.4)%
(46.8)%
-
199
1.92
NA
(28.1)%
(27.1)%
14
Annual Standalone Income Statement
Particulars (INR Mn)
Operational Income
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Interest
PBT
Tax
Profit After tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Basic & Diluted EPS (INR)
FY23
6,792
4,971
1,821
26.81%
136
170
588
1,199
265
934
13.75%
(3)
931
8.72
FY22
6,699
4,503
2,196
32.78%
142
144
372
1,822
376
1,446
21.59%
(2)
1,444
12.78
Y-o-Y
1.4%
10.4%
(17.1)%
(597) Bps
(4.2)%
18.1%
58.1%
(34.2)%
(29.5)%
(35.4)%
(784) Bps
50.0%
(35.5)%
(31.8)%
Earnings Presentation
15
Quarterly Consolidated Segmental Performance
BROKING, DISTRIBUTION & TRADING (INR MN)
INSURANCE BROKING (INR MN)
FINANCING (INR MN)
1,891
1,905
1,823
957
953
782
395
358
289
Q4-FY22
Q3-FY23
Q4-FY23
Q4-FY22
Q3-FY23
Q4-FY23
Q4-FY22
Q3-FY23
Q4-FY23
466
382
332
36
22
52
264
174
192
R E V E N U E
E B I T
Q4-FY22
Q3-FY23
Q4-FY23
Q4-FY22
Q3-FY23
Q4-FY23
Q4-FY22
Q3-FY23
Q4-FY23
Earnings Presentation
16
FY23 Assets Under Management
Broking DP AUA (INR Bn)
495
527
248
154
Mutual Funds AUM (INR Bn)
30
31
30
25
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
Wealth AUM/AUA (INR Mn)
5,400
4,400
6,097
3,080
NBFC AUM (INR Mn)
9,012
6,904
5,142
5,829
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
Earnings Presentation
17
Key Business Trends – Broking & Insurance
Broking Clients (in Thousands)* 736
673
602
544
Broking
Average Daily Turnover in Broking (INR Bn)
StoxKart Clients (in Thousands)
2,911
194
1,410
534
627
106
45
8
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
*Represents SMC Global Securities’ clients only; exclusive of StoxKart clients.
Insurance Policies Issued (In Thousands)
676
739
958
802
Insurance
Point Of Sales (POS)
11,100
12,000
13,672
8,000
Insurance Gross Premium (INR Mn)
27,166
15,826
17,364
20,840
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
FY20
FY21
FY22
Earnings Presentation
FY23
18
FY23 NBFC Business in numbers
91 Channel Partners 9 Branches
Employees 261
Number of Lenders 16
Collection Efficiency close to 99%
Net Worth INR 4,002 Mn
Loan AUM INR 9,012 Mn
Cumulative Loans Disbursed INR 22 Bn+
NNPA % 1.44%
ROTA % 4.54%
Revenue INR 1,371 Mn
Total Borrowings/Leverage Ratio INR 5,765 Mn / 1.44x
Secured Loans % 49%
Earnings Presentation
OPEX to AUM 5.94%
Cost of Borrowing % / NIM % 9.57% / 12.44%
Credit Cost-ANR / PCR 0.66% / 37.02%
19 19
FY23 Key Business Trends - NBFC
Lending Portfolio 1%
7% 3%
17%
2%
23%
47%
3,260
2,810
4,310
Disbursements (INR Mn)
8,583
NII (INR Mn) & NIM (%)
SME-Loan Against Property (LAP) Consumer Durable Loans Onward Lending Direct Assignment
SME-Working Capital Term Loan (WCTL) Capial Market Funding (CMF) SME-Asset Finance Gold Loan
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
GNPA % & NNPA %
CRAR %
990
12.44%
1,000
900
800
700
600
500
400
300
200
100
607
11.10%
618
11.50%
636
10.30%
PAT (INR Mn)
361
185
169
224
61%
58%
51%
40%
6.17%
3.66%
4.21%
2.55%
2.83%
1.99%
FY20
FY21
GNPA%
FY22
NNPA %
2.27%
1.44%
FY23
Earnings Presentation
20
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
Historical Consolidated Income Statement
Particulars (INR Mn)
Operational Income
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Interest
Profit (Loss) from Joint Venture
PBT
Tax
Profit After tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Basic & Diluted EPS (INR)
Earnings Presentation
FY20
7,785
6,599
1,186
15.23%
56
192
599
-
451
212
239
3.07%
(63)
176
2.11
FY21
9,013
7,060
1,953
21.67%
69
180
424
7
1,425
375
1,050
11.65%
27
1,077
9.28
FY22
11,169
8,218
2,951
26.42%
39
201
575
-
2,214
468
1,746
15.63%
16
1,762
15.43
FY23
12,167
9,468
2,699
22.18%
41
227
893
-
1,620
416
1,204
9.90%
50
1,254
11.25
21
Historical Consolidated Balance Sheet
Particulars (INR Mn)
ASSETS
Non-Financial Assets
Inventories
Current tax assets (net)
Deferred tax assets (net)
Assets held for sale
Property, plant and equipment
Capital work - in - progress
Right of use assets
Other intangible assets
Intangible assets under development
Other non-financial assets
Sub-Total Non-Financial Assets
Financial Assets Cash and cash equivalents (incl. Other Bank balance) Receivables
Loans
Investments
Other financial assets
Sub-Total Financial Assets
TOTAL ASSETS
Earnings Presentation
FY21
FY22
FY23
Particulars (INR Mn)
FY21
FY22
FY23
132
224
317
24
268
-
350
17
1
345
365
223
40
790
-
330
18
12
242
1,575
276
2,399
10,975
12,819
3,339
5,758
1,171
1,056
22,299
23,874
3,458
7,800
1,706
1,243
27,026
29,425
52
290
304
42
895
89
355
29
11
350
2,417
14,599
3,904
10,828
570
831
30,732
33,149
EQUITY AND LIABILITIES
Equity
Share Capital
Other Equity
Non-controlling interest
Total Equity
Non-Financial Liabilities
Current tax liabilities (net)
Provisions
Other non-financial liabilities
Sub-Total Non-Financial Liabilities
Financial Liabilities
Trade Payables
Lease Liabilities
Debt Securities
Borrowings
Other Financial Liabilities
Sub-Total Financial Liabilities
Sub-Total Liabilities
TOTAL EQUITY AND LIABILITIES
226
7,501
16
7,743
15
234
166
415
226
9,035
16
9,277
-
268
262
530
209
9,118
24
9,351
43
293
338
674
4,843
7,108
4,740
338
783
3,821
5,931
15,716
16,131
23,874
329
702
3,939
7,540
19,618
20,148
29,425
362
637
8,476
8,909
23,124
23,798
33,149
22
Historical Standalone Income Statement
Particulars (INR Mn)
Operational Income
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Interest
PBT
Tax
Profit After tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Basic & Diluted EPS (INR)
Earnings Presentation
FY20
4,219
3,587
632
14.98%
310
139
427
376
79
297
7.04%
(61)
236
2.63
FY21
5,013
3,760
1,253
FY22
6,699
4,503
2,196
FY23
6,792
4,971
1,821
25.00%
32.78%
26.81%
197
118
280
1,052
303
749
14.94%
26
775
6.62
142
144
372
1,822
376
1,446
21.59%
(2)
1,444
12.78
136
170
588
1,199
265
934
13.75%
(3)
931
8.72
23
Historical Standalone Balance Sheet
Particulars (INR Mn)
ASSETS
Non-Financial Assets
Inventories
Current tax assets (net)
Deferred tax assets (net)
Property, plant and equipment
Right of use assets
Capital work - in - progress
Other intangible assets
Intangible assets under development
Other non-financial assets
Sub-Total Non-financial Assets
Financial Assets
Cash and cash equivalent (incl. Other Bank balance)
FY21
FY22
FY23
132
163
80
210
263
-
8
-
137
993
237
212
21
741
246
-
8
8
2
106
104
807
254
89
13
11
125
1,598
139
1,525
Particulars (INR Mn)
EQUITY AND LIABILITIES
Equity
Share Capital
Other Equity
Total Equity
Non-Financial Liabilities
Current Tax Liabilities (net)
Provisions
Other non-financial liabilities
Sub-Total Non-Financial Liabilities
Financial Liabilities
Trade Payables
10,413
11,933
13,678
Lease Liabilities
Receivables
Loans
Investments
Other financial assets
Sub-Total Financial Assets
TOTAL ASSETS
Earnings Presentation
2,374
128
4,841
656
18,412
19,405
2,725
1,091
5,527
842
22,118
23,716
3,106
1,887
4,202
675
23,548
25,073
Debt Securities
Borrowings
Other Financial Liabilities
Sub-Total Financial Liabilities
Sub-Total Liabilities
FY21
FY22
FY23
226
6,489
6,715
-
128
80
208
226
7,706
7,932
-
158
123
281
209
7,471
7,680
16
193
193
402
3,979
6,356
3,766
247
-
2,384
5,872
12,482
12,690
237
-
1,510
7,400
15,503
15,784
252
-
3,846
9,127
16,991
17,393
TOTAL EQUITY AND LIABILITIES
19,405
23,716
25,073
24
Historical Consolidated Financial Performance
Revenue (INR Mn)
EBITDA (INR Mn) & EBITDA Margin (%)
PAT (INR Mn) & PAT MARGIN (%)
11,169
12,167
7,785
9,013
3,200
2,800
2,400
2,000
1,600
1,200
800
400
-
1,953
1,186
15.23%
21.67%
2,951
2,699
26.42%
22.18%
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
Net Worth (INR Mn)
9,261
9,327
7,727
6,831
ROE %
18.82%
13.56%
12.88%
1,746
15.63%
1,050
11.65%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
1,204
9.90%
FY21
FY22
FY23
ROCE %
19.74%
14.90%
13.61%
239
3.07%
FY20
11.18%
FY20
FY21
FY22
FY23
3.50%
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
Earnings Presentation
25
Capital Market Highlights
1 Year Stock Performance (as on 31st March, 2023)
SMC
Sensex
20%
15%
10%
5%
0%
-5%
-10%
-15%
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Price Data (As on 31st March, 2023)
Shareholding Pattern (As on 31st March, 2023)
Face Value
Book Value per Share
CMP
52 Week H/L
Market Cap (INR Mn)
No. of Share outstanding (Mn)
Avg. Trading Volume ('000)
Avg. Net Turnover (INR Mn)
Earnings Presentation
2.00
89.09
71.52
95.40/68.10
7,488.14
104.70
154.17
13.11
Public 31.46%
FII 1.14%
Promoters 67.40%
26
Disclaimer
SMC Global Securities Disclaimer:
No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of SMC Global Securities Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.
This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.
Valorem Advisors Disclaimer:
Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.
For further information please contact our Investor Relations Representatives:
Valorem Advisors Mr. Anuj Sonpal, CEO Tel: +91-22-49039500 Email: smcglobal@valoremadvisors.com
Earnings Presentation
27