EMS Ltd.
•₹ 394.35-2.63%
2026-08-21
PROS
- Company has delivered good profit growth of 20.5% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 30.1%
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.1%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 24.3% CAGR over last 5 years
CONS
- Recent results are weak - TTM profit is down 59.6% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.18x)
- Equity base is being diluted - shares outstanding up 372.6%
- Operating margins have contracted to 26.3% from 32.2%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 1595.20 | 1087.26 | 43212.30 | 1005.52 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | EMSLIMITED | 395.15 | 32.21 | 2194.30 | 0.38 | 15.49 | -59.30 | 157.24 | -34.18 | 26.98 | 16.56 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 138 | 211 | 200 | 245 | 206 | 233 | 245 | 270 | 239 | 172 | 200 | 120 | 157 | |
| 106 | 154 | 153 | 178 | 156 | 165 | 174 | 205 | 185 | 136 | 170 | 102 | 138 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 8 | 6 | 1 | 2 | 2 | 3 | 2 | 2 | 5 | 3 | 3 | 2 |
| Interest | 2 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 5 |
| Depreciation | 1 | 1 | 1 | 3 | 2 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 2 |
| 31 | 62 | 51 | 64 | 49 | 67 | 70 | 63 | 51 | 36 | 27 | 15 | 21 | |
| Tax % | 25.41% | 26.50% | 25.94% | 25.78% | 24.79% | 26.33% | 27.51% | 25.15% | 25.14% | 22.73% | 29.01% | 61.31% | 26.51% |
| Net Profit | 0 | 0 | 0 | 0 | 37 | 50 | 51 | 47 | 38 | 28 | 19 | 6 | 15 |
| 5 | 9 | 7 | 9 | 7 | 9 | 9 | 8 | 7 | 5 | 3 | 1 | 0 | |
| Equity Capital | 47 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 47 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 138
- 106
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- 31
- Tax %
- 25.41%
- Net Profit
- 0
- 5
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 211
- 154
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 2
- Depreciation
- 1
- 62
- Tax %
- 26.50%
- Net Profit
- 0
- 9
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 200
- 153
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 1
- 51
- Tax %
- 25.94%
- Net Profit
- 0
- 7
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 245
- 178
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 3
- 64
- Tax %
- 25.78%
- Net Profit
- 0
- 9
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 206
- 156
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 49
- Tax %
- 24.79%
- Net Profit
- 37
- 7
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 233
- 165
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 67
- Tax %
- 26.33%
- Net Profit
- 50
- 9
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 245
- 174
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 3
- 70
- Tax %
- 27.51%
- Net Profit
- 51
- 9
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 270
- 205
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 3
- 63
- Tax %
- 25.15%
- Net Profit
- 47
- 8
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 239
- 185
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 3
- 51
- Tax %
- 25.14%
- Net Profit
- 38
- 7
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 172
- 136
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 3
- Depreciation
- 2
- 36
- Tax %
- 22.73%
- Net Profit
- 28
- 5
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 200
- 170
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 3
- 27
- Tax %
- 29.01%
- Net Profit
- 19
- 3
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 120
- 102
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 3
- 15
- Tax %
- 61.31%
- Net Profit
- 6
- 1
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 157
- 138
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 2
- 21
- Tax %
- 26.51%
- Net Profit
- 15
- 0
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 56
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 326 | 331 | 360 | 538 | 793 | 966 | 651 | |
| 230 | 232 | 247 | 388 | 589 | 712 | 546 | |
| Operating Profit | 103 | 104 | 116 | 155 | 220 | 270 | — |
| OPM % | 32 | 32 | 32 | 29 | 28 | 28 | — |
| Other Income | 7 | 5 | 3 | 5 | 16 | 16 | 13 |
| Interest | 3 | 4 | 6 | 4 | 6 | 11 | 15 |
| Depreciation | 2 | 2 | 3 | 3 | 7 | 10 | 10 |
| 98 | 98 | 108 | 148 | 207 | 249 | 99 | |
| Tax % | 26 | 27 | 27 | 26 | 26 | 26 | 31 |
| Net Profit | 72 | 72 | 79 | 109 | 153 | 184 | 69 |
| EPS | 62 | 61 | 67 | 23 | 27 | 33 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 7 | 5 | — |
| Minority Interest | 0 | -0 | -1 | -1 | -0 | -0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 15 | 15 | 17 | 23 | 27 | 33 | — |
| Minority Interest | 0 | -0 | -1 | -1 | -0 | -0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 15 | 15 | 17 | 23 | 27 | 33 | — |
Mar 2020
- 326
- 230
- Operating Profit
- 103
- OPM %
- 32
- Other Income
- 7
- Interest
- 3
- Depreciation
- 2
- 98
- Tax %
- 26
- Net Profit
- 72
- EPS
- 62
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2021
- 331
- 232
- Operating Profit
- 104
- OPM %
- 32
- Other Income
- 5
- Interest
- 4
- Depreciation
- 2
- 98
- Tax %
- 27
- Net Profit
- 72
- EPS
- 61
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2022
- 360
- 247
- Operating Profit
- 116
- OPM %
- 32
- Other Income
- 3
- Interest
- 6
- Depreciation
- 3
- 108
- Tax %
- 27
- Net Profit
- 79
- EPS
- 67
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2023
- 538
- 388
- Operating Profit
- 155
- OPM %
- 29
- Other Income
- 5
- Interest
- 4
- Depreciation
- 3
- 148
- Tax %
- 26
- Net Profit
- 109
- EPS
- 23
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 23
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 23
Mar 2024
- 793
- 589
- Operating Profit
- 220
- OPM %
- 28
- Other Income
- 16
- Interest
- 6
- Depreciation
- 7
- 207
- Tax %
- 26
- Net Profit
- 153
- EPS
- 27
- Dividend Payout %
- 7
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 27
Mar 2025
- 966
- 712
- Operating Profit
- 270
- OPM %
- 28
- Other Income
- 16
- Interest
- 11
- Depreciation
- 10
- 249
- Tax %
- 26
- Net Profit
- 184
- EPS
- 33
- Dividend Payout %
- 5
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 33
TTM
- 651
- 546
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 15
- Depreciation
- 10
- 99
- Tax %
- 31
- Net Profit
- 69
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 24%
- 3 Years:
- 39%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 20%
- 3 Years:
- 33%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -28%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 24%
- 3 Years:
- 23%
- Last Year:
- 21%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - |
| Equity Capital | 12 | 12 | 12 | 47 | 56 | 56 |
| 218 | 290 | 371 | 444 | 743 | 920 | |
| 2 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 39 | 40 | 43 | 15 | 8 | 15 |
| 36 | 36 | 78 | 133 | 164 | 174 | |
| Total Liabilities | 308 | 378 | 504 | 639 | 970 | 1,165 |
| ASSETS | - | - | - | - | - | - |
| 24 | 29 | 43 | 44 | 72 | 69 | |
| Capital Work in Progress | 0 | 3 | 0 | 4 | 0 | 0 |
| 0 | 0 | 2 | 2 | 10 | 18 | |
| 43 | 35 | 54 | 105 | 89 | 48 | |
| 0 | 0 | 0 | 0 | 243 | 377 | |
| Cash & Bank | 53 | 68 | 90 | 121 | 111 | 162 |
| 186 | 243 | 315 | 362 | 445 | 491 | |
| Total Assets | 308 | 378 | 504 | 639 | 970 | 1,165 |
| Total Debt | 15 | 3 | 4 | 45 | 71 | 86 |
| Net Working Capital | 164 | 234 | 267 | 323 | 503 | 658 |
| Contingent Liabilities | 90 | 139 | 188 | 252 | 288 | 196 |
| Book Value per Share | 195.74 | 256.95 | 325.86 | 104.41 | 143.73 | 175.70 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 15 | 3 | 4 | 45 | 71 | 86 |
| Net Working Capital | 164 | 234 | 267 | 323 | 503 | 658 |
| Contingent Liabilities | 90 | 139 | 188 | 252 | 288 | 196 |
| Book Value per Share | 195.74 | 256.95 | 325.86 | 104.41 | 143.73 | 175.70 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2020
- Equity Capital
- 12
- 218
- 2
- Trade Payables
- 39
- 36
- Total Liabilities
- 308
- 24
- Capital Work in Progress
- 0
- 0
- 43
- 0
- Cash & Bank
- 53
- 186
- Total Assets
- 308
- Total Debt
- 15
- Net Working Capital
- 164
- Contingent Liabilities
- 90
- Book Value per Share
- 195.74
- Face Value
- 10.00
- Total Debt
- 15
- Net Working Capital
- 164
- Contingent Liabilities
- 90
- Book Value per Share
- 195.74
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 12
- 290
- 0
- Trade Payables
- 40
- 36
- Total Liabilities
- 378
- 29
- Capital Work in Progress
- 3
- 0
- 35
- 0
- Cash & Bank
- 68
- 243
- Total Assets
- 378
- Total Debt
- 3
- Net Working Capital
- 234
- Contingent Liabilities
- 139
- Book Value per Share
- 256.95
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 234
- Contingent Liabilities
- 139
- Book Value per Share
- 256.95
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 12
- 371
- 0
- Trade Payables
- 43
- 78
- Total Liabilities
- 504
- 43
- Capital Work in Progress
- 0
- 2
- 54
- 0
- Cash & Bank
- 90
- 315
- Total Assets
- 504
- Total Debt
- 4
- Net Working Capital
- 267
- Contingent Liabilities
- 188
- Book Value per Share
- 325.86
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 267
- Contingent Liabilities
- 188
- Book Value per Share
- 325.86
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 47
- 444
- 0
- Trade Payables
- 15
- 133
- Total Liabilities
- 639
- 44
- Capital Work in Progress
- 4
- 2
- 105
- 0
- Cash & Bank
- 121
- 362
- Total Assets
- 639
- Total Debt
- 45
- Net Working Capital
- 323
- Contingent Liabilities
- 252
- Book Value per Share
- 104.41
- Face Value
- 10.00
- Total Debt
- 45
- Net Working Capital
- 323
- Contingent Liabilities
- 252
- Book Value per Share
- 104.41
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 56
- 743
- 0
- Trade Payables
- 8
- 164
- Total Liabilities
- 970
- 72
- Capital Work in Progress
- 0
- 10
- 89
- 243
- Cash & Bank
- 111
- 445
- Total Assets
- 970
- Total Debt
- 71
- Net Working Capital
- 503
- Contingent Liabilities
- 288
- Book Value per Share
- 143.73
- Face Value
- 10.00
- Total Debt
- 71
- Net Working Capital
- 503
- Contingent Liabilities
- 288
- Book Value per Share
- 143.73
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 56
- 920
- 0
- Trade Payables
- 15
- 174
- Total Liabilities
- 1,165
- 69
- Capital Work in Progress
- 0
- 18
- 48
- 377
- Cash & Bank
- 162
- 491
- Total Assets
- 1,165
- Total Debt
- 86
- Net Working Capital
- 658
- Contingent Liabilities
- 196
- Book Value per Share
- 175.70
- Face Value
- 10.00
- Total Debt
- 86
- Net Working Capital
- 658
- Contingent Liabilities
- 196
- Book Value per Share
- 175.70
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 47 | 36 | 28 | 4 | -116 | 34 | |
| Cash from Investing | -27 | -8 | -12 | -21 | -83 | 19 |
| Cash from Financing | -6 | -11 | -5 | 38 | 176 | 1 |
| 15 | 16 | 11 | 21 | -23 | 54 | |
| Free Cash Flow | 47 | 28 | 14 | -3 | -146 | 28 |
| OCF / Net Profit | 0.65 | 0.50 | 0.35 | 0.04 | -0.76 | 0.18 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -80 |
| OCF / Net Profit | 0.65 | 0.50 | 0.35 | 0.04 | -0.76 | 0.18 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -80 |
Mar 2020
- 47
- Cash from Investing
- -27
- Cash from Financing
- -6
- 15
- Free Cash Flow
- 47
- OCF / Net Profit
- 0.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.65
- Cumulative 5-Year FCF
- 0
Mar 2021
- 36
- Cash from Investing
- -8
- Cash from Financing
- -11
- 16
- Free Cash Flow
- 28
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- 0
Mar 2022
- 28
- Cash from Investing
- -12
- Cash from Financing
- -5
- 11
- Free Cash Flow
- 14
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 0
Mar 2023
- 4
- Cash from Investing
- -21
- Cash from Financing
- 38
- 21
- Free Cash Flow
- -3
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 0
Mar 2024
- -116
- Cash from Investing
- -83
- Cash from Financing
- 176
- -23
- Free Cash Flow
- -146
- OCF / Net Profit
- -0.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.76
- Cumulative 5-Year FCF
- 0
Mar 2025
- 34
- Cash from Investing
- 19
- Cash from Financing
- 1
- 54
- Free Cash Flow
- 28
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- -80
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- -80
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - |
| EPS (₹) | 61.62 | 61.21 | 66.44 | 22.91 | 27.44 | 33.05 |
| Book Value (₹) | 195.74 | 256.95 | 325.86 | 104.41 | 143.73 | 175.70 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 1.50 |
| Cash EPS (₹) | 15.75 | 15.67 | 17.31 | 23.88 | 28.67 | 34.83 |
| PROFITABILITY | - | - | - | - | - | - |
| Operating Margin % | 31.56% | 31.56% | 32.22% | 28.82% | 25.70% | 26.31% |
| Net Margin % | 22.24% | 21.74% | 21.91% | 20.23% | 19.24% | 19.03% |
| ROE % | 31.49% | 27.04% | 23.03% | 24.92% | 23.69% | 20.72% |
| ROCE % | 41.34% | 37.33% | 32.80% | 32.89% | 30.33% | 26.98% |
| 23.55% | 20.98% | 17.88% | 19.05% | 18.98% | 17.22% | |
| EFFICIENCY | - | - | - | - | - | - |
| Debtor Days | 44 | 73 | 106 | 81 | 84 | 117 |
| Inventory Days | 48 | 43 | 45 | 54 | 44 | 26 |
| Payable Days | -861 | 1941 | 67 | 30 | 8 | 6 |
| 953 | -1825 | 84 | 105 | 121 | 137 | |
| FINANCIAL HEALTH | - | - | - | - | - | - |
| Debt to Equity (x) | 0.06x | 0.01x | 0.01x | 0.09x | 0.09x | 0.09x |
| Interest Coverage (x) | 34.89x | 23.05x | 19.74x | 39.50x | 33.88x | 22.87x |
| 3.76x | 4.54x | 3.49x | 5.14x | 6.65x | 8.15x | |
| GROWTH | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 1.55% | 8.83% | 49.52% | 47.42% | 21.75% |
| Operating Profit Growth % | 0.00% | 1.57% | 11.09% | 33.78% | 41.57% | 22.94% |
| Net Profit Growth % | 0.00% | -0.72% | 9.65% | 38.05% | 40.25% | 20.38% |
| 0.00% | 0.00% | 0.00% | 0.00% | 19.77% | 20.45% | |
| VALUATION | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 14.64x | 18.70x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 2.79x | 3.52x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.50% | 0.24% |
| 0.00x | 0.00x | 0.00x | 0.00x | 9.97x | 12.43x |
Mar 2020
- EPS (₹)
- 61.62
- Book Value (₹)
- 195.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.75
- Operating Margin %
- 31.56%
- Net Margin %
- 22.24%
- ROE %
- 31.49%
- ROCE %
- 41.34%
- 23.55%
- Debtor Days
- 44
- Inventory Days
- 48
- Payable Days
- -861
- 953
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 34.89x
- 3.76x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 61.21
- Book Value (₹)
- 256.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.67
- Operating Margin %
- 31.56%
- Net Margin %
- 21.74%
- ROE %
- 27.04%
- ROCE %
- 37.33%
- 20.98%
- Debtor Days
- 73
- Inventory Days
- 43
- Payable Days
- 1941
- -1825
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 23.05x
- 4.54x
- Revenue Growth %
- 1.55%
- Operating Profit Growth %
- 1.57%
- Net Profit Growth %
- -0.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 66.44
- Book Value (₹)
- 325.86
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 17.31
- Operating Margin %
- 32.22%
- Net Margin %
- 21.91%
- ROE %
- 23.03%
- ROCE %
- 32.80%
- 17.88%
- Debtor Days
- 106
- Inventory Days
- 45
- Payable Days
- 67
- 84
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 19.74x
- 3.49x
- Revenue Growth %
- 8.83%
- Operating Profit Growth %
- 11.09%
- Net Profit Growth %
- 9.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 22.91
- Book Value (₹)
- 104.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 23.88
- Operating Margin %
- 28.82%
- Net Margin %
- 20.23%
- ROE %
- 24.92%
- ROCE %
- 32.89%
- 19.05%
- Debtor Days
- 81
- Inventory Days
- 54
- Payable Days
- 30
- 105
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 39.50x
- 5.14x
- Revenue Growth %
- 49.52%
- Operating Profit Growth %
- 33.78%
- Net Profit Growth %
- 38.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 27.44
- Book Value (₹)
- 143.73
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 28.67
- Operating Margin %
- 25.70%
- Net Margin %
- 19.24%
- ROE %
- 23.69%
- ROCE %
- 30.33%
- 18.98%
- Debtor Days
- 84
- Inventory Days
- 44
- Payable Days
- 8
- 121
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 33.88x
- 6.65x
- Revenue Growth %
- 47.42%
- Operating Profit Growth %
- 41.57%
- Net Profit Growth %
- 40.25%
- 19.77%
- P/E (x)
- 14.64x
- P/B (x)
- 2.79x
- Dividend Yield %
- 0.50%
- 9.97x
Mar 2025
- EPS (₹)
- 33.05
- Book Value (₹)
- 175.70
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 34.83
- Operating Margin %
- 26.31%
- Net Margin %
- 19.03%
- ROE %
- 20.72%
- ROCE %
- 26.98%
- 17.22%
- Debtor Days
- 117
- Inventory Days
- 26
- Payable Days
- 6
- 137
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 22.87x
- 8.15x
- Revenue Growth %
- 21.75%
- Operating Profit Growth %
- 22.94%
- Net Profit Growth %
- 20.38%
- 20.45%
- P/E (x)
- 18.70x
- P/B (x)
- 3.52x
- Dividend Yield %
- 0.24%
- 12.43x
Documents
Announcements
- General Updates
2026-08-20 - Ems Limited has informed the Exchange about Receipt of Lowest Bidder (L-1) Status received from Public Health engineering department, Government of Rajasthan for work of approximately 222 Crores
- Bagging/Receiving of orders/contracts
2026-08-20 - Ems Limited has informed the Exchange about Bagging/Receiving of orders/contracts, Receipt of Letter of Acceptance (LOA) from UP Jal Nigam (Urban), Varanasi
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jun 2026
Feb 2026