MarketFriction

EMA India Ltd

BSE 522027 · Industrial Products
₹589.55 +2.00%
BSE close2026-10-01
Market cap₹58.4 Cr.

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.000.000.000.000.000.000.000.000.000.000.000.00
Expenses0.090.100.120.130.090.150.210.120.130.230.610.32
Operating Profit-0.09-0.10-0.12-0.13-0.09-0.15-0.21-0.12-0.13-0.23-0.61-0.32
OPM %
Other Income0.00-0.020.000.000.000.000.020.007.930.110.010.00
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.010.010.010.010.010.010.010.000.000.000.000.00
Profit before tax-0.10-0.13-0.13-0.14-0.10-0.16-0.20-0.127.80-0.12-0.60-0.32
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%11.54%0.00%-20.00%0.00%
Net Profit-0.11-0.14-0.13-0.15-0.11-0.16-0.20-0.126.90-0.12-0.48-0.32
EPS in Rs-1.09-1.39-1.29-1.49-1.09-1.59-1.99-1.1968.66-1.19-4.78-3.18
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales0.981.290.070.010.000.000.000.000.000.000.000.00
Expenses1.432.170.630.520.570.430.570.500.440.511.101.29
Operating Profit-0.45-0.88-0.56-0.51-0.57-0.43-0.57-0.50-0.44-0.51-1.10-1.29
OPM %-45.92%-68.22%-800.00%-5,100.00%
Other Income0.170.170.130.350.130.120.230.00-0.02-0.058.068.05
Interest0.010.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.130.060.030.030.070.060.060.060.060.060.000.00
Profit before tax-0.42-0.77-0.46-0.19-0.51-0.37-0.40-0.56-0.52-0.626.966.76
Tax %-33.33%301.30%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%11.21%
Net Profit-0.28-3.08-0.46-0.20-0.51-0.37-0.40-0.56-0.52-0.626.185.98
EPS in Rs-2.79-30.65-4.58-1.99-5.07-3.68-3.98-5.57-5.17-6.1761.4959.51
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%%%
Compounded Profit Growth%%%-72%
Stock Price CAGR38%118%206%134%
Return on Equity%%%-196%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1.011.011.011.011.011.011.011.011.011.011.011.01
Reserves4.243.961.300.890.46-0.25-0.65-1.06-1.62-2.13-2.753.43
Borrowings0.090.000.000.000.000.000.200.460.831.201.770.00
Other Liabilities0.340.440.370.170.240.240.300.250.330.400.270.36
Total Liabilities5.685.412.682.071.711.000.860.660.550.480.304.80
Fixed Assets0.700.540.320.240.680.550.470.410.350.260.070.00
CWIP0.000.000.000.000.000.000.000.000.000.000.000.27
Investments1.070.921.431.550.730.200.140.000.000.000.000.00
Other Assets3.913.950.930.280.300.250.250.250.200.220.234.53
Total Assets5.685.412.682.071.711.000.860.660.550.480.304.80
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.33-0.330.01-0.55-0.43-0.63-0.37-0.34-0.44-0.37-0.601.82
Cash from Investing Activity0.340.330.220.050.450.570.170.140.000.000.097.85
Cash from Financing Activity0.00-0.010.000.000.000.000.200.260.370.370.57-1.77
Net Cash Flow0.01-0.010.23-0.500.02-0.060.000.07-0.070.000.067.91
Free Cash Flow-0.08-0.200.28-0.47-0.86-0.52-0.36-0.34-0.44-0.37-0.519.55
CFO/OP62%73%-2%98%82%111%86%60%88%84%118%-165%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days22.6622.350.000.000.00
Inventory Days610.231,392.4161.471,703.33202.780.00
Days Payable17.1167.5911.530.000.00
Cash Conversion Cycle615.781,347.1649.951,703.330.00
Working Capital Days236.62312.86-2.83156.43-1,095.00
ROCE %-11.64%-10.86%-25.00%-25.65%-30.86%-56.50%-74.24%-129.90%-177.78%-333.33%-1,036.36%-48.32%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters48.81%48.81%48.81%48.81%48.81%48.81%48.81%48.81%48.81%48.83%48.83%48.83%
DIIs0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public51.12%51.12%51.11%51.12%51.12%51.12%51.11%51.12%51.13%51.11%51.09%51.10%
No. of Shareholders1,9251,9231,9051,9181,9331,9321,8911,8831,8121,7481,7431,825

Fundamentals

Market Cap₹ 58.4 Cr.
Current Price₹ 578
Book Value₹ 44.2
ROCE-48.3 %
ROE-196 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)%
Compounded Profit Growth (TTM)-72%
Standalone figures.
Valuation
Market capRs 59 Cr
Enterprise valueRs 55 Cr
P/E (TTM)9.91x
Price to book13.34x
EV / EBITDA8.14x
EV / EBIT8.14x
Price to cash flow32.55x
Earnings yield10.09%
P/E, 3-year average6.98x
P/B, 3-year average-0.12x
P/E, 5-year average6.98x
P/B, 5-year average-11.93x
Profitability
ROE457.78%
ROCE311.41%
ROA242.35%
ROE, 3-year average187.08%
ROCE, 3-year average-387.51%
ROA, 3-year average-5.86%
ROE, 5-year average94.58%
ROCE, 5-year average-284.56%
ROA, 5-year average-32.56%
ROIC (approx.)2728.37%
Tax rate11.21%
Other income / net worth181.53%
Per share
EPS (TTM)Rs 59.50
EPS (latest year)Rs 61.49
EPS (latest quarter)Rs -3.18
EPS, 3-year averageRs 16.72
EPS, 5-year averageRs 8.12
Book value per shareRs 44.18
Cash flow per shareRs 18.11
Free cash flow per shareRs 95.02
Efficiency
Creditor days0 days
Cash conversion cycle0 days
Working capital days-1095 days
Leverage
Cash and bankRs 4 Cr
Net debtRs -4 Cr
Net debt / EBITDA-0.62x
Owners' fund to total sources92.50%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs 8 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 8 Cr
Free cash flow (latest year)Rs 10 Cr
Cash from ops / profit, 5 years0.02x
Statement figures
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 6 Cr
Net profit (latest quarter)Rs -0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total income (latest year)Rs 8 Cr
Share capitalRs 1 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 5 Cr
Capital work in progressRs 0 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.10
Ownership
Promoter holding48.83% (+0.02 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 13.34 is at the 93th percentile (median 0.94).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period522027Nifty 50Difference
1 week-0.2%-2.8% +2.6 pts
1 month-15.3%-6.8% -8.6 pts
3 months-31.3%-7.6% -23.7 pts
3 years+2871.5%+14.2% +2857.3 pts
5 years+4724.5%+27.9% +4696.6 pts

Red flags

F-score 5 of 6
explainWeak cash conversion Cash from operations was 17% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 91% of total assets in 2026
lookProfit leans on other income Other income was 116% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of EMA India Ltd?

EMA India Ltd (522027) has a market capitalisation of Rs 58.4 Cr. at the 2026-10-01 close.

What were EMA India Ltd's latest quarterly results?

In the Jun 2026 quarter, EMA India Ltd sales was Rs 0 Cr with a net loss of Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03