MarketFriction

Emkay Taps & Cutting Tools Ltd

NSE EMKAYTOOLS · Industrial Products
₹98.60 +0.72%
NSE close2026-10-01
52 week range83.10 - 154.00
Market cap₹99.0 Cr.
IPO 2015 · -70% since Price band 20% Delivery 25.0%

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 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales19.8136.4632.9237.8844.5444.0748.9154.540.8241.0432.130.46
Expenses13.4419.7317.9019.3321.0124.1524.8930.463.5742.5233.221.76
Operating Profit6.3716.7315.0218.5523.5319.9224.0224.08-2.75-1.48-1.09-1.30
OPM %32.16%45.89%45.63%48.97%52.83%45.20%49.11%44.15%-335.37%-3.61%-3.39%-282.61%
Other Income2.766.609.234.643.3513.0716.5428.2743.26-7.594.458.36
Interest0.030.020.040.070.050.090.060.160.000.070.070.00
Depreciation1.681.691.581.761.541.571.301.310.120.120.110.11
Profit before tax7.4221.6222.6321.3625.2931.3339.2050.8840.39-9.263.186.95
Tax %18.46%17.81%17.76%22.10%23.84%20.65%21.28%19.34%13.22%-11.12%26.73%16.83%
Net Profit6.0617.7718.6016.6619.2624.8630.8741.0335.05-8.242.345.78
EPS in Rs5.6616.6117.3815.5718.0023.2328.8538.3532.76-7.702.195.40
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales44.1449.1252.6555.6964.1650.6556.1970.7088.58103.2741.8532.58
Expenses27.4132.2433.8832.7835.4730.2933.0637.0945.1055.0946.0734.95
Operating Profit16.7316.8818.7722.9128.6920.3623.1333.6143.4848.18-4.22-2.37
OPM %37.90%34.36%35.65%41.14%44.72%40.20%41.16%47.54%49.09%46.65%-10.08%-7.27%
Other Income2.474.672.136.20-12.581.449.3613.8716.4244.8135.6612.81
Interest0.150.220.400.480.350.110.070.150.170.300.070.08
Depreciation2.642.222.843.162.932.993.373.333.112.610.240.22
Profit before tax16.4119.1117.6625.4712.8318.7029.0544.0056.6290.0831.1310.14
Tax %33.94%26.48%32.96%21.91%58.92%24.12%17.97%19.86%22.06%20.18%13.85%20.02%
Net Profit10.8414.0511.8519.895.2714.2023.8335.2644.1371.9026.828.11
EPS in Rs10.0413.0110.9718.424.9313.2722.2732.9541.2467.2025.077.58
Dividend Payout %0.00%0.00%0.00%2.68%10.12%3.01%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-4%-10%-28%-22%
Compounded Profit Growth%%%61%
Stock Price CAGR%7%-23%-34%
Return on Equity9%7%3%-1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1.781.781.781.7810.6710.6710.6710.6710.6710.6710.6710.67
Reserves56.2570.5882.68102.1597.88111.09135.08170.34215.25288.24277.02285.13
Borrowings1.672.265.104.272.863.360.003.275.736.484.000.00
Other Liabilities7.186.127.689.6516.5711.1913.0619.1725.1932.057.153.62
Total Liabilities66.8880.7497.24117.85127.98136.31158.81203.45256.84337.44298.84299.42
Fixed Assets13.9416.3918.1516.9917.1120.9519.0619.0316.4513.852.151.96
CWIP0.000.000.530.001.440.080.080.000.000.000.000.00
Investments30.6136.3548.5570.8065.0478.3698.65144.10187.47254.75282.94288.08
Other Assets22.3328.0030.0130.0644.3936.9241.0240.3252.9268.8413.759.38
Total Assets66.8880.7497.24117.85127.98136.31158.81203.45256.84337.44298.84299.42
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7.825.1911.7019.2113.7717.9315.2532.1425.4424.9019.28-4.88
Cash from Investing Activity-4.03-5.88-14.89-17.31-11.27-17.25-12.41-34.85-27.71-22.9719.257.63
Cash from Financing Activity-2.860.482.50-1.67-2.29-0.72-3.403.152.320.53-40.69-4.07
Net Cash Flow0.93-0.21-0.690.240.21-0.04-0.570.440.052.46-2.16-1.32
Free Cash Flow6.810.586.6317.809.3412.5413.7729.6724.9224.7630.74-4.91
CFO/OP87%65%90%113%73%114%91%119%88%91%-590%200%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days78.9781.9692.3499.1693.92100.46117.2589.8380.9384.081.050.34
Inventory Days612.16546.40827.12604.72680.64634.67193.98416.69517.61349.830.000.00
Days Payable150.3380.82146.00210.61172.9697.8484.88156.66155.3491.04
Cash Conversion Cycle540.79547.55773.46493.27601.61637.29226.34349.86443.20342.871.050.34
Working Capital Days114.61144.16134.77110.57140.74158.32181.1793.1388.4794.7612.4765.65
ROCE %29.81%28.78%21.90%26.82%11.98%15.90%15.56%19.10%20.54%19.32%-0.35%0.12%
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Promoters74.57%74.57%74.57%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
Public25.43%25.43%25.44%25.01%25.01%25.01%25.01%25.00%25.01%25.01%25.01%25.01%
No. of Shareholders106961071351451592253383981,1401,3981,314

Fundamentals

Market Cap₹ 99.0 Cr.
Current Price₹ 92.8
Book Value₹ 276
ROCE0.12 %
ROE-1.30 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-22%
Compounded Profit Growth (TTM)61%
Standalone figures.
Valuation
Market capRs 105 Cr
Enterprise valueRs 105 Cr
P/E (TTM)12.97x
Price to book0.36x
Price to sales3.23x
EV / EBITDA10.05x
EV / EBIT10.27x
EV / sales3.22x
Earnings yield7.71%
P/E, 3-year average9.90x
P/B, 3-year average0.87x
P/E, 5-year average7.21x
P/B, 5-year average0.77x
Profitability
Operating margin (excl. other income)-7.27%
Operating margin (incl. other income)32.04%
EBITDA margin32.04%
Pre-tax margin31.12%
Net profit margin24.89%
ROE2.78%
ROCE3.48%
ROA2.71%
ROE, 3-year average13.11%
ROCE, 3-year average15.86%
ROA, 3-year average11.78%
ROE, 5-year average16.52%
ROCE, 5-year average20.33%
ROA, 5-year average14.80%
ROIC (approx.)2.77%
Tax rate20.02%
Other income / net worth4.33%
Growth
Sales growth (latest year)-22.15%
Profit growth (latest year)-69.76%
Sales CAGR, 3 years-28.35%
Sales CAGR, 5 years-10.33%
Profit CAGR, 3 years-43.15%
Profit CAGR, 5 years-19.39%
Per share
EPS (TTM)Rs 7.60
EPS (latest year)Rs 7.60
EPS, 3-year averageRs 33.37
EPS, 5-year averageRs 34.90
Book value per shareRs 277.19
Sales per shareRs 30.53
Cash flow per shareRs -4.57
Free cash flow per shareRs -4.60
Efficiency
Asset turnover0.11x
Fixed asset turnover16.62x
Debtor days0 days
Debtors turnover1086.00x
Creditor days91 days
Cash conversion cycle0 days
Working capital days66 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.03x
Interest coverage127.75x
Owners' fund to total sources98.79%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs 8 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -5 Cr
Cash from ops / profit, 5 years0.52x
Statement figures
Net sales (TTM)Rs 33 Cr
Net sales (latest year)Rs 33 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 10 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 10 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 8 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 33 Cr
Total expenditure (latest year)Rs 35 Cr
Total income (latest year)Rs 45 Cr
Share capitalRs 11 Cr
ReservesRs 285 Cr
Shareholders' fundsRs 296 Cr
Total assetsRs 299 Cr
Net blockRs 2 Cr
InvestmentsRs 288 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)1.07
Ownership
Promoter holding74.99% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 13.0 is at the 61th percentile of its own 9.2-year range (median 10.5, low 3.4, high 77.5).
P/B 0.36 is at the 5th percentile (median 1.57).
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.
PeriodEMKAYTOOLSNifty 50Difference
1 week+5.5%-2.8% +8.2 pts
1 month+3.8%-6.8% +10.6 pts
3 months+5.3%-7.6% +12.9 pts
6 months+2.2%+0.4% +1.8 pts
1 year-33.7%-9.9% -23.8 pts
2 years-89.5%-13.6% -75.9 pts
3 years-80.4%+14.2% -94.6 pts
5 years-41.3%+27.9% -69.2 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 37% of net profit over the last 3 years
lookProfit leans on other income Other income was 126% 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

Mar 2026
Sales ₹0 Cr -99.2% vs Mar 2024. Net profit ₹6 Cr -85.9%.
Against our estimate for Mar 2026: sales -99.3%, profit -78.7% miss.

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.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded

Quick answers

What is the market cap of Emkay Taps & Cutting Tools Ltd?

Emkay Taps & Cutting Tools Ltd (EMKAYTOOLS) has a market capitalisation of Rs 99.0 Cr. at the 2026-10-01 close.

What were Emkay Taps & Cutting Tools Ltd's latest quarterly results?

In the Mar 2026 quarter, Emkay Taps & Cutting Tools Ltd sales was Rs 0 Cr (-99.2% vs Mar 2024) and net profit was Rs 6 Cr.

What is the 52-week high and low of Emkay Taps & Cutting Tools Ltd?

The 52-week high is Rs 154.00 and the 52-week low is Rs 83.10.

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