MarketFriction

Emami Ltd

NSE EMAMILTD · BSE 531162 · Personal Care
₹372.65 -1.69%
NSE close2026-10-01
52 week range361.15 - 567.50
Market cap₹16,633 Cr.
P/E22.0
Nifty 500Smallcap 250 Price band 20% Delivery 64.6%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8659968919068911,0499639047991,1529251,039
Expenses632682682692645715744692622768739815
Operating Profit233314209214246334219212177384186225
OPM %27%32%24%24%28%32%23%23%22%33%20%22%
Other Income11111110221521222192318
Interest233222323336
Depreciation464648444546444445454243
Profit before tax196276169178220301194187150345164195
Tax %8%6%13%16%4%7%16%12%1%7%13%29%
Net Profit180261147151211279162164148319143139
EPS in Rs4.095.923.413.504.876.393.723.763.407.323.283.15
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3582,4882,5312,6952,6552,8813,1923,4063,5783,8093,7803,915
Expenses1,6701,7291,8121,9701,9702,0002,2542,5502,6322,7962,8202,943
Operating Profit6887597197256858809388559461,014960972
OPM %29%31%28%27%26%31%29%25%26%27%25%25%
Other Income443119254669906941687572
Interest545834212113571091114
Depreciation255309311325336367335247186178177176
Profit before tax423424393403374569688670791894846854
Tax %14%20%22%25%19%20%-22%6%8%10%8%
Net Profit363340306303302455837627724803775750
EPS in Rs8.007.506.776.686.6710.2319.0214.5016.5818.4817.7617.15
Dividend Payout %44%47%52%60%60%78%42%55%48%54%56%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%6%4%3%
Compounded Profit Growth6%11%5%-7%
Stock Price CAGR-4%-8%-11%-29%
Return on Equity26%31%28%26%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232323234545444444444444
Reserves1,2081,5891,7321,9912,0311,7781,7182,0322,2592,4032,6512,880
Borrowings36671473326110210101282919490162
Other Liabilities410409376458633644656692703728741745
Total Liabilities1,6762,6922,6032,7982,8192,6782,5203,0503,0963,2693,5253,831
Fixed Assets4531,9181,9941,8021,6801,4591,1321,3441,2451,114984886
CWIP296722303686368151
Investments501104128314187156255303293442676834
Other Assets6936044606529151,0551,1261,4001,5511,7061,8502,108
Total Assets1,6762,6922,6032,7982,8192,6782,5203,0503,0963,2693,5253,831
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity534562730588554531922644749779896801
Cash from Investing Activity-237-1,313-306-276-26-231-224-234-122-210-345-174
Cash from Financing Activity-215502-496-324-428-405-688-402-608-563-500-554
Net Cash Flow82-249-72-12100-106981965272
Free Cash Flow426430448465421383890164719750852770
CFO/OP116%96%105%93%89%89%115%84%101%98%107%101%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days182014222942293744504333
Inventory Days596883878810211812110010294128
Days Payable9011285109115135138138124143133153
Cash Conversion Cycle-13-2412129101920948
Working Capital Days-16-54-62-32-67-3028302521
ROCE %61%30%23%22%19%18%29%31%28%32%32%28%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.84%54.84%54.84%54.84%54.84%54.84%54.84%54.84%54.84%54.84%54.84%54.84%
FIIs11.90%12.86%13.46%14.02%14.38%14.11%12.11%11.89%10.93%9.03%8.57%7.87%
DIIs25.21%23.94%22.06%21.61%21.51%21.70%23.68%24.06%25.00%26.72%26.91%27.00%
Public8.05%8.35%9.63%9.53%9.27%9.36%9.38%9.21%9.22%9.40%9.67%10.28%
No. of Shareholders79,21682,15191,33497,2581,27,8971,28,7251,29,0021,26,5991,26,7761,29,0771,27,6151,31,617

Fundamentals

Market Cap₹ 16,633 Cr.
Current Price₹ 381
Stock P/E22.0
Book Value₹ 67.0
ROCE28.1 %
ROE26.2 %
Dividend Yield2.62 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)-7%
Consolidated figures.
Valuation
Market capRs 16,266 Cr
Enterprise valueRs 16,018 Cr
P/E (TTM)21.74x
Price to book5.56x
Price to sales4.16x
EV / EBITDA15.34x
EV / EBIT18.45x
EV / sales4.09x
Price to cash flow20.32x
Earnings yield4.60%
Dividend yield2.68%
P/E, 3-year average26.48x
P/B, 3-year average7.64x
P/E, 5-year average25.54x
P/B, 5-year average7.86x
Profitability
Operating margin (excl. other income)25.39%
Operating margin (incl. other income)27.37%
EBITDA margin26.67%
Pre-tax margin21.82%
Net profit margin19.12%
Net margin, latest quarter13.22%
ROE27.60%
ROCE29.20%
ROA21.08%
ROE, 3-year average29.81%
ROCE, 3-year average31.86%
ROA, 3-year average22.52%
ROE, 5-year average32.47%
ROCE, 5-year average31.38%
ROA, 5-year average23.70%
ROIC (approx.)29.73%
Tax rate8.37%
Other income / net worth2.56%
Growth
Sales growth (latest year)-0.78%
Profit growth (latest year)-3.87%
Sales CAGR, 3 years3.53%
Sales CAGR, 5 years5.58%
Profit CAGR, 3 years6.62%
Profit CAGR, 5 years11.26%
Sales growth QoQ12.33%
Profit growth QoQ-4.07%
Sales growth YoY (latest quarter)14.95%
Profit growth YoY (latest quarter)-16.38%
Per share
EPS (TTM)Rs 17.14
EPS (latest year)Rs 17.76
EPS (latest quarter)Rs 3.15
EPS, 3-year averageRs 17.60
EPS, 5-year averageRs 17.27
Book value per shareRs 66.99
Sales per shareRs 89.68
Cash flow per shareRs 18.34
Free cash flow per shareRs 17.64
Dividend per share (latest year)Rs 10.00
Dividend per share, 3-year averageRs 9.33
Dividend per share, 5-year averageRs 8.80
Dividends
Dividend payout56.30%
Dividend payout, 3-year average52.90%
Dividend payout, 5-year average51.19%
Efficiency
Asset turnover0.99x
Fixed asset turnover4.26x
Inventory turnover3.03x
Inventory days120 days
Debtor days33 days
Debtors turnover11.01x
Creditor days153 days
Cash conversion cycle8 days
Working capital days21 days
Leverage
Total debtRs 162 Cr
Cash and bankRs 410 Cr
Net debtRs -248 Cr
Debt to equity0.06x
Net debt / EBITDA-0.24x
Interest coverage60.68x
Current ratio (filing 2026-03-31)2.31x
Quick ratio (filing 2026-03-31)1.83x
Trade payables (filing 2026-03-31)Rs 477 Cr
Owners' fund to total sources76.33%
Debt to assets4.23%
Cash flow
Cash from Operating Activity (latest year)Rs 801 Cr
Cash from Investing Activity (latest year)Rs -174 Cr
Cash from Financing Activity (latest year)Rs -554 Cr
Net Cash Flow (latest year)Rs 72 Cr
Free cash flow (latest year)Rs 770 Cr
FCFE (approx.: FCF + change in debt)Rs 842 Cr
Cash from ops / profit, 5 years1.03x
Sales to cash flow4.72x
Statement figures
Net sales (TTM)Rs 3,915 Cr
Net sales (latest year)Rs 3,780 Cr
Sales (latest quarter)Rs 1,039 Cr
Operating profit excl. other income (latest year)Rs 960 Cr
Operating profit (latest quarter)Rs 225 Cr
Other income (TTM)Rs 72 Cr
EBITDA (TTM)Rs 1,044 Cr
PBDT (TTM)Rs 1,030 Cr
Profit before tax (TTM)Rs 854 Cr
Tax (latest year)Rs 71 Cr
Net profit (TTM)Rs 748 Cr
Net profit (latest year)Rs 775 Cr
Net profit (latest quarter)Rs 137 Cr
Depreciation (TTM)Rs 176 Cr
Depreciation (latest quarter)Rs 43 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 1,211 Cr
Total expenditure (latest year)Rs 2,820 Cr
Total income (latest year)Rs 3,854 Cr
Share capitalRs 44 Cr
ReservesRs 2,880 Cr
Shareholders' fundsRs 2,924 Cr
Total assetsRs 3,831 Cr
Net blockRs 886 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 834 Cr
ReceivablesRs 343 Cr
InventoryRs 400 Cr
Other liabilitiesRs 745 Cr
Shares outstanding (crore)43.65
Ownership
Promoter holding54.84% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.7 is at the 5th percentile of its own 9.4-year range (median 42.4, low 18.6, high 85.3).
P/B 5.56 is at the 5th percentile (median 9.59).
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.
PeriodEMAMILTDNifty 50Difference
1 week-4.6%-2.8% -1.8 pts
1 month-1.1%-6.8% +5.7 pts
3 months-11.3%-7.6% -3.7 pts
6 months-5.3%+0.4% -5.7 pts
1 year-34.6%-9.9% -24.7 pts
2 years-51.2%-13.6% -37.6 pts
3 years-30.8%+14.2% -45.0 pts
5 years-34.6%+27.9% -62.5 pts
109 mutual fund schemes hold about ₹3,929 Cr. Over three months 11 bought more and 18 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.74%613 -4%
Nippon India Multi Cap Fund0.74%419 -2%
SBI Large & Midcap Fund0.56%237 -2%
DSP Aggressive Hybrid Fund1.45%170 +2%
DSP ELSS Tax Saver Fund0.95%158 +1%
Franklin India Small Cap Fund0.96%141 -1%
DSP Large & Mid Cap Fund0.68%125 -1%
HDFC Small Cap Fund0.29%123 -2%
DSP Flexi Cap Fund0.96%119 +268%
Aditya Birla SL Large Cap Fund0.37%110 -25%
HDFC Mid Cap Fund0.10%109 -62%
Franklin India Mid Cap Fund0.83%108 -3%
Sundaram Mid Cap Fund0.69%103 -4%
Sundaram Mid Cap Fund0.69%100 -4%
Bandhan Value Fund0.91%91 +10%
DSP Midcap Fund0.39%82 -22%
Bandhan Flexi Cap Fund0.95%72 +16%
UTI Value Fund0.72%69 +0%
UTI Large & Mid Cap Fund0.94%61 -3%
HDFC Large & Mid Cap Fund0.19%57 -2%
Bandhan ELSS-Tax Saver Fund0.81%56 +30%
Bandhan Small Cap Fund0.16%54 +42%
Kotak Multi Asset Allocation Fund0.26%40 -5%
SBI Multi Asset Allocation Fund(A0.17%36 -6%
UTI Aggressive Hybrid Fund0.53%36 -30%

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 80% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 30% vs sales -1% in 2026
lookAuditor change Auditor change 2026-05-21: Emami Limited has informed the Exchange regarding Change in Auditors of the company.
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 ₹1,039 Cr +14.9% vs Jun 2025. Net profit ₹139 Cr -15.2%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Godrej Consumer Products Ltd87,49342.118.8 %
Dabur India Ltd67,48134.020.3 %
Colgate-Palmolive (India) Ltd48,55235.5108 %
Cupid Ltd38,72628233.9 %
Gillette India Ltd22,69434.090.7 %
Procter & Gamble Hygiene and Health Care Ltd22,30528.2157 %
Honasa Consumer Ltd14,39957.019.2 %
Bajaj Consumer Care Ltd6,43928.930.0 %
Anondita Medicare Ltd2,08562.343.8 %
Recode Studios Ltd45440.574.1 %
Radix Industries (India) Ltd20369.219.6 %
Macobs Technologies Ltd18965.311.0 %
H. R. Hygiene Products Ltd15613.730.4 %
Thrive Future Habitats Limited100-7.67 %
Aakaar Medical Technologies Ltd9514.318.5 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-02-10Interim Dividend - Rs 6 Per Share
2025-11-14Interim Dividend - Rs 4 Per Share
2025-05-22Special Dividend - Rs 2 Per Share
2025-02-04Interim Dividend - Rs 4 Per Share
2024-11-18Interim Dividend - Rs 4 Per Share
2024-02-16Interim Dividend - Rs 4 Per Share
2023-11-15Interim Dividend - Rs 4 Per Share
2023-08-14Annual General Meeting
2023-04-12Buy Back
2023-02-13Interim Dividend - Rs 4 Per Share
2022-11-18Interim Dividend - Rs 4 Per Share
2022-09-01Annual General Meeting
2022-02-10Interim Dividend - Rs 4 Per Share
2021-11-08 Interim Dividend - Rs 4 Per Share
2021-09-21 Annual General Meeting
2021-02-04 Interim Dividend - Rs 4.00 Per Share
2020-11-12 Interim Dividend - Rs 4 Per Share
2020-09-10 Annual General Meeting
2020-03-26 Interim Dividend - Rs 2 Per Share
2019-11-14 Interim Dividend - Rs 2 Per Share
2019-07-31 Annual General Meeting/Dividend - Rs 4 Per Share
2018-07-25 Annual General Meeting
2018-06-21 Bonus 1:1/Dividend- Rs 7 Per Share0.5000
2017-07-26 Annual General Meeting/Dividend-Rs 5.25 Per Share
2017-03-14 Interim Dividend Rs 1.75 Per Share (Purpose Revised)
2016-07-26 Annual General Meeting/Dividend - Rs.7/- Per Share
2015-07-28Annual General Meeting/Dividend Rs 3/- Per Share
2014-09-19Interim Dividend Rs.4/- Per Share (Purpose Revised)
2014-08-01Annual General Meeting / Final Dividend - Rs 4/- Per Share
2014-01-24Interim Dividend Rs.3/- Per Share
2013-08-01Annual General Meeting
2013-06-26Bonus 1:2 And Dividend Rs.8/- Per Share0.6667
2012-08-02Annual General Meeting/Final Dividend Rs.4/- Per Share/Special Dividend Rs.4/- Per Share
2011-08-05Annual General Meeting And Dividend Rs.3.50 Per Share
2010-07-21Dividend Rs.6/- Per Share And Face Value Split From Rs.2/- To Re.1/-0.5000
2009-12-22Div-Rs.4.50/Schm Of Arrng
2008-08-18Agm/Dividend - 225%
2007-09-20Agm/Final Dividend-50%
2007-03-22Div - Int 100% + Spl 50% Purpose Revised
2006-08-18Agm/Dividend-100%
DateTypeWhat it says
2026-09-19Public Announcement - BuybacPublic Announcement - Buyback of Shares
2026-09-17Board meeting outcomeOutcome of Board Meeting held on September 17, 2026.
2026-08-31Shareholder meetingWith copy of minutes of Annual General Meeting held on August 25, 2026
2026-08-29Change in ManagementChange in Management
2026-08-26Change in ManagementChange in Management
2026-08-26Shareholder meetingVoting results.
2026-08-25General UpdatesChairmans Speech delivered at the 43rd AGM
2026-08-25Shareholder meetingSummary Proceedings of the 43rd AGM of Emami Limited held on 25th August, 2026
2026-08-10Concall / analyst meetTranscript
2026-08-04Concall / analyst meetLink of Recording
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Emami reports resilient 15% topline growth".
2026-08-04Board meeting outcomeEmami Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30UpdatesBRSR for FY 2025-26.
2026-07-30Shareholder meetingNotice of 43rd Annual General Meeting to be held on August 25, 2026
2026-07-15Concall / analyst meetSchedule of meet
2026-06-12AcquisitionUpdate on Acquisition of IncNut Digital Private Limited.
2026-06-01AcquisitionUpdates on Acquisition of IncNut Digital Private Limited.
2026-05-25Concall / analyst meetTranscript
2026-05-21Concall / analyst meetLink of Recording
2026-05-21Investor PresentationInvestor Presentation
2026-05-21Press ReleaseA press release dated May 21, 2026, titled "Emami Reports Q4FY26 Results; Core Domestic Portfolio Remains Resilient Amid External Headwinds".
2026-05-21Change in AuditorsChange in Auditors of the company.
2026-05-21Change in ManagementRe-appointment of Shri H. V. Agarwal, subject to approval of shareholders at the ensuing AGM.
2026-05-21Board meeting outcomeEmami Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-282
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-05-12NCLTEMAMI REALTY LIMITED & ANR Vs
2020-02-21CESTATEMAMI CEMENT LIMITED ---VS.--- RAIPUR
2020-01-09CESTATEMAMI CEMENT LIMITED ---VS.--- RAIPUR
2019-11-13CESTATEMAMI CEMENT LIMITED ---VS.--- RAIPUR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Emami Ltd?

Emami Ltd (EMAMILTD) has a market capitalisation of Rs 16,633 Cr. at the 2026-10-01 close.

What is the P/E ratio of Emami Ltd?

Emami Ltd trades at a P/E of 22.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Emami Ltd's latest quarterly results?

In the Jun 2026 quarter, Emami Ltd sales was Rs 1,039 Cr (+14.9% vs Jun 2025) and net profit was Rs 139 Cr.

What is the 52-week high and low of Emami Ltd?

The 52-week high is Rs 567.50 and the 52-week low is Rs 361.15.

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