Emkay Global Financial Services Limited

INR 19,204

3 Business Verticals Category 1 Merchant Banker 500+ Employees Pan India 40,000 Client Base INR 19,204 Crs Total Assets 19 Branches across India 200+ Companies under research coverage INR 303+ Crs

INR 303

INR 19,204 Crs Total Assets 19 Branches across India 200+ Companies under research coverage INR 303+ Crs Net Worth 19% 3Y PAT CAGR 7%+ 3Y Revenue CAGR 21% ROE All figures as on FY25 basis 2 COM

19%

ssets 19 Branches across India 200+ Companies under research coverage INR 303+ Crs Net Worth 19% 3Y PAT CAGR 7%+ 3Y Revenue CAGR 21% ROE All figures as on FY25 basis 2 COMPANY OVERVIEW 3 CO

7%

es across India 200+ Companies under research coverage INR 303+ Crs Net Worth 19% 3Y PAT CAGR 7%+ 3Y Revenue CAGR 21% ROE All figures as on FY25 basis 2 COMPANY OVERVIEW 3 COMPANY OVERVIEW

21%

+ Companies under research coverage INR 303+ Crs Net Worth 19% 3Y PAT CAGR 7%+ 3Y Revenue CAGR 21% ROE All figures as on FY25 basis 2 COMPANY OVERVIEW 3 COMPANY OVERVIEW • Established in 1995

rs,

se in Futures & Options trading. • It serves a diverse clientele comprising institutional investors, mutual funds, hedge funds, banks, insurance companies, private equity firms, corporate houses, smal

16.89%

ngapore and Dubai. Operational Revenue (INR Mn) & PAT Margins (%) 2,712 2,030 3,362 2,864 16.89% 12.46% 6.95% 11.35% FY22 FY23 FY24 FY25 Revenue PAT Margins Operational Revenue MIX (%) (

12.46%

and Dubai. Operational Revenue (INR Mn) & PAT Margins (%) 2,712 2,030 3,362 2,864 16.89% 12.46% 6.95% 11.35% FY22 FY23 FY24 FY25 Revenue PAT Margins Operational Revenue MIX (%) (As on FY

6.95%

i. Operational Revenue (INR Mn) & PAT Margins (%) 2,712 2,030 3,362 2,864 16.89% 12.46% 6.95% 11.35% FY22 FY23 FY24 FY25 Revenue PAT Margins Operational Revenue MIX (%) (As on FY25) Ot

11.35%

rational Revenue (INR Mn) & PAT Margins (%) 2,712 2,030 3,362 2,864 16.89% 12.46% 6.95% 11.35% FY22 FY23 FY24 FY25 Revenue PAT Margins Operational Revenue MIX (%) (As on FY25) Others, 8%

8%

5% FY22 FY23 FY24 FY25 Revenue PAT Margins Operational Revenue MIX (%) (As on FY25) Others, 8% Wealth Management, 28% Asset Management, 6% Capital Markets, 58% 4 THE JOURNEY Commenced

28%

5 Revenue PAT Margins Operational Revenue MIX (%) (As on FY25) Others, 8% Wealth Management, 28% Asset Management, 6% Capital Markets, 58% 4 THE JOURNEY Commenced equity broking on BSE

“We are far from being a discount brokerage because we realize that clients need to be taken care of as family – they need the right guidance and not just a tool to accomplish their financial goals.”

“Revenue Split FY25 innovative research and deep Emkay offers industry expertise, through an award-winning equity research team that unlocks investor value by identifying promising mid-tier companies early, driving strong returns and offering diverse quantitative analysis.”

“The PMS and AIF industry has been expanding at a CAGR of approximately 33%, with total assets growing from INR 1 lakh crore to INR 18.87 lakh crore over the past decade.”

“Absolute returns since inception – 513.7% 1 year return – 11.5% Emkay SMID Cap Growth Engine Portfolio focuses on small-cap and mid-cap investments aiming for long term capital appreciation.”

“Aiming for long-term capital appreciation over a 3–5 years horizon, the fund targets a universe of ~150 mid-cap and ~3,500 ranked small-cap companies.”

“overall financial household wealth for the country in the next few years (as per the McKinsey Global Wealth report) Expect an increase in the penetration in of professional wealth services UHNI / HNI segment.”

“• The challenges of money management are well understood, and expert guidance is offered to help clients meet their financial goals and maximize returns on investment.”

“Revenue (INR Mn) 840 949 580 544 FY22 FY23 FY24 FY25 Number of Clients Portfolio Mix (%) (FY25) 37,851 37,091 34,410 33,615 7% 3% 12% 78% FY22 FY23 FY24 FY25 Direct Equity Mutual Fund AIF/PMS Others 34 ADVANTAGE EMKAY WEALTH offers secure, Emkay customized financial solutions to help clients achieve sustained growth.”

Focus

1

Research capabilities

1

Corporate Governance

1

Sustainability

1

Human Capital

1

Technology

1

Three research approaches

1

Omnichannel Trading Ecosystem

1

Based on five key themes

1

Valorem Advisors Disclaimer

1

Focus

2 The one thing that hasn’t changed since our humble beginnings in 1995 is the focus on every relationship we have established. We are far from being a discount brokerage because we realize that clients need to be taken care of as family – they need the right guidance and not just a tool to accomplish their financial goals. Strong Promoters & Board: 3 Pioneered by first-generation entrepreneurs Mr. Krishna Kumar Karwa and Mr. Prakash Kacholia, who come with strong and relevant education and experience, and backed by a Board of visionaries with remarkable track record, our corporate governance and management capabilities continue to remain robust. 4 Significant

Research capabilities

The institutional research covers 200+ companies. We cover 37 out of the 50 NIFTY constituents and 28 out of the 30 SENSEX constituents. Our research has won accolades from major International bodies including Asia money and Institutional Investor. 8 KEY DIFFERENTIATORS

Corporate Governance

We ensure full transparency and accountability while conducting our business in a highly professional and ethical manner. We continuously monitor our governance practices and strive to pursue holistic growth and realize our responsibility towards our stakeholders and environment.

Sustainability

In the wealth creation journey, we are with our clients for the long haul. Our approach, philosophy and frameworks are all directed towards achievement of the financial goals of our clients by delivering consistent and sustainable returns. A disciplined and fundamentals-driven approach means every portfolio stays strong during the toughest of times and reaps the benefits of compounding.

Human Capital

Our team forms the nucleus of our essence. They are the pillars that give us stability, agility and proactiveness. We are committed to focusing on their health, safety and skill advancement, and providing them with a collaborative and holistic working environment.

Technology

Technology is one of the key cornerstones of our business and we have proactively invested in digital assets over the years. With technology at the core of our business, we will keep leveraging on it to offer value addition to clients at each step. 9 INFRASTRUCTURE & SECURITY Robust Infrastructure • Scaled up & for reliability with continuous improvisations in performance fine-tuned hardware • Hyper-converge platform improvising the capacity with presence in Global Standard Data Centers across Mumbai. • High-spec servers for a faster trading experience & and multi-stream broadcast • Multiple trading platforms catering to various business requirements Securing our Enterprise • Security measures and infrastructure operations. to fortify safeguard our our • Continuous monitoring of the platforms with the Security Operations Center as per regulatory guidelines • Advanced Threat Detection Systems and Response system correlating various inputs across the landscape • Fully compliant with regu