SMC Global Securities (NSE:SMCGLOBAL) ROE %: 6.47% (As of Mar. 2026) — 50% Below Median


NSE:SMCGLOBAL SMC Global Securities Ltd NSE:SMCGLOBAL
73 GF Score
Price ₹70.24
GF Value ₹69.84
Valuation Fairly Valued
! 6 Warning Signs
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What is SMC Global Securities ROE %?

SMC Global Securities NSE:SMCGLOBAL -0.97% 73 ROE % is 6.47% as of Mar. 2026, which is 50% below its 10-year median of 12.92. GuruFocus rates NSE:SMCGLOBAL with a GF Score™ of 73/100 and a GF Value™ of ₹69.84 (Fairly Valued). The stock has 6 warning signs investors should review. Among 794 Capital Markets companies, SMC Global Securities ranks better than 57.43% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SMC Global Securities's annualized net income for the quarter that ended in Mar. 2026 was ₹843 Mil. SMC Global Securities's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹13,040 Mil. Therefore, SMC Global Securities's annualized ROE % for the quarter that ended in Mar. 2026 was 6.47%.

The historical rank and industry rank for SMC Global Securities's ROE % or its related term are showing as below:

NSE:SMCGLOBAL' s ROE % Range Over the Past 10 Years
Min: 3.46   Med: 12.92   Max: 20.53
Current: 8.1

During the past 7 years, SMC Global Securities's highest ROE % was 20.53%. The lowest was 3.46%. And the median was 12.92%.

NSE:SMCGLOBAL's ROE % is ranked better than
57.43% of 794 companies
in the Capital Markets industry
Industry Median: 5.995 vs NSE:SMCGLOBAL: 8.10

SMC Global Securities  (NSE:SMCGLOBAL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=843.316/13039.796
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(843.316 / 20851.684)*(20851.684 / 57436.373)*(57436.373 / 13039.796)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.04 %*0.363*4.4047
=ROA %*Equity Multiplier
=1.47 %*4.4047
=6.47 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=843.316/13039.796
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (843.316 / 1172.684) * (1172.684 / 3296.54) * (3296.54 / 20851.684) * (20851.684 / 57436.373) * (57436.373 / 13039.796)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7191 * 0.3557 * 15.81 % * 0.363 * 4.4047
=6.47 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


SMC Global Securities ROE % Related Terms


SMC Global Securities ROE % Historical Data

* Premium members only.

The historical data trend for SMC Global Securities's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SMC Global Securities ROE % Chart

SMC Global Securities Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 20.53 12.92 18.46 12.60 8.09

SMC Global Securities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.22 9.77 6.57 9.71 6.47

NSE:SMCGLOBAL vs MS, GS, SCHW: ROE % Comparison

For the Capital Markets subindustry, SMC Global Securities's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SMC Global Securities ROE % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SMC Global Securities's ROE % distribution charts can be found below:

* The bar in red indicates where SMC Global Securities's ROE % falls into.


NSE:SMCGLOBAL
73GF Score
SMC Global Securities Ltd NSE:SMCGLOBAL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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SMC Global Securities ROE % Calculation

SMC Global Securities's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=1020.13/( (12171.714+13039.796)/ 2 )
=1020.13/12605.755
=8.09 %

SMC Global Securities's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=843.316/( (0+13039.796)/ 1 )
=843.316/13039.796
=6.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 6.47% mean?
SMC Global Securities (NSE:SMCGLOBAL) has a ROE % of 6.47% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SMC Global Securities and its competitors. This is 50% below median its historical median of 12.92. Over the past decade, SMC Global Securities' ROE % has ranged from 3.46 to 20.53. According to the industry distribution chart, SMC Global Securities ranks #338 out of 794 companies in the Capital Markets industry, placing it in the top 42.6%.
Is SMC Global Securities' ROE % too high?
SMC Global Securities' current ROE % of 6.47% is 50% below median its 10-year median of 12.92. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 20.53. The Capital Markets industry median ROE % is 6.00. SMC Global Securities' value of 6.47% is 7.9% above this industry median. Based on the distribution chart, SMC Global Securities ranks #338 out of 794 companies in the Capital Markets industry, which is above the industry midpoint. Overall, SMC Global Securities has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SMC Global Securities' ROE % compare to MS and GS?
According to the Capital Markets industry distribution chart, SMC Global Securities ranks #338 out of 794 companies for ROE %. This puts SMC Global Securities in the upper half of its industry. The industry median ROE % is 6.00. SMC Global Securities' value of 6.47% is 7.9% above this benchmark. Historically, SMC Global Securities' own ROE % has ranged from 3.46 to 20.53 over the past decade. While the company's 10-year median is 12.92 vs. the industry median of 6.00, SMC Global Securities has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Capital Markets company?
The median ROE % among Capital Markets companies is 6.00, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SMC Global Securities's current ROE % of 6.47% is 7.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SMC Global Securities and its competitors. For the Capital Markets industry, the median ROE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMC Global Securities's current ROE % is 6.47%, which is 50% below median its own 10-year median of 12.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMC Global Securities stock overvalued right now?
Based on GuruFocus' analysis, SMC Global Securities (NSE:SMCGLOBAL) is currently considered Fairly Valued. The stock's GF Value™ is ₹69.84, compared to a current price of ₹70.24 — trading 0.6% above its estimated fair value. The current ROE % is 6.47%, which is 50% below median its 10-year median of 12.92 and 7.9% above the Capital Markets industry median of 6.00. SMC Global Securities' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For SMC Global Securities (NSE:SMCGLOBAL), the current ROE % is 6.47% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SMC Global Securities (NSE:SMCGLOBAL) Overvalued in 2026?

Based on GuruFocus' analysis, SMC Global Securities stock appears to be overvalued. The current stock price of ₹70.24 is trading 0.6% above its estimated GF Value™ of ₹69.84. GuruFocus considers SMC Global Securities to be Fairly Valued.

Key valuation signals for NSE:SMCGLOBAL:

  • ROE %: 6.47% (50% below median its 10-year median of 12.92)
  • GF Value™: ₹69.84 vs. price of ₹70.24 (0.6% above fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 7.9% above the Capital Markets median (#338 of 794)

No single metric tells the full story. See the NSE:SMCGLOBAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SMC Global Securities Business Description

Other Exchanges 543263:India
Address Pusa Road, 11/6-B, Shanti Chamber, New Delhi, IND, 110005
SMC Global Securities Ltd is a diversified financial services company in India. It provides broking, distribution and trading services, including brokerage services in equity, derivative, commodity and currency segments on stock exchanges in India and abroad, clearing services, depository participant services, fund management, wealth management, distribution of financial products such as mutual funds and initial public offerings, financing, mortgage and loan advisory, real estate brokerage, and investment banking services for middle-class to high-net-worth individuals. Its primary business segments are Broking, Distribution and Trading, Insurance Broking Services, and Financing Activities. The company generates the majority of its revenue from the Broking, Distribution and Trading segment.
73GF Score

Get the complete analysis for NSE:SMCGLOBAL

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹70.24
Price
₹69.84
GF Value