EMS LIMITED
₹280.25-₹9.60 (-3.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,151 Cr
- P/E
- 13.3x
- EV / EBITDA
- 9.5x
- Revenue
- ₹941 Cr
- Net margin
- 20.9%
- ROCE
- 24.8%
Price chart
Technical chartScreen technicals →-47.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -16.9%
- 3M
- -27.0%
- 6M
- -19.2%
- 1Y
- -47.5%
- 5Y
- +4.7%
52-week range
Day change -₹9.60 (-3.3%) from ₹290 to ₹280 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in EMSLIMITED, bought on each weekday since 2023.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 17.9%
Concerns1
- Operating margin declining for 3 consecutive years (29.0% → 27.0% → 26.0%)
Rule-based from financial data. Not advice.
About the company
EMS Limited constructs, designs, and installs water, wastewater, and domestic waste treatment facilities in India. It provides electrical transmission and distribution, road and allied works, operation and maintenance of water and wastewater treatment plants, and water supply scheme projects for government authorities. The company also offers turnkey services in water and wastewater collection, treatment, disposal, and manufactures own items which are used for construction purposes. EMS Limited was founded in 1998 and is based in Ghaziabad, India.
- Sector
- Energy
- Shares outstanding
- 5.5 Cr shares
- ISIN
- INE0OV601013
- BSE code
- 543983
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,151 Cr
- P/E
- 13.3x
- P/B
- 2.1x
- EV / EBITDA
- 9.5x
- EV / Sales
- 2.8x
- P/S
- 3.0x
- Earnings yield
- 7.5%
- 52-week high
- ₹537.95
- 52-week low
- ₹257.90
Profitability
- Operating margin
- 27.1%
- Net margin
- 20.9%
- EBITDA margin
- 29.2%
- ROE
- 19.1%
- ROCE
- 24.8%
- ROA
- 17.6%
- Dividend payout
- 7.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 7.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹941 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 30.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹210 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 44.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹73.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -417.4%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹56.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 54.4%
Solvency and efficiency
- Current ratio
- 11.41
- Debt / Equity
- 0.00
- Debt / Assets
- 0.00
- Debt / EBITDA
- 0.00
- Interest coverage
- 97.50
- Financial leverage
- 1.09
- CFO / Net profit
- -0.49
- Cash / Market cap
- 35.2%
- Cash per share
- ₹136.55
- Asset turnover
- 0.84
- Fixed asset turnover
- 9.22
- Capital intensity
- 0.11
- Debtor days
- 121 days
- Cash conversion cycle
- 121 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹19 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹694 Cr |
| Sales | Operating profit | ₹247 Cr |
| Operating profit | Interest | ₹4 Cr |
| Operating profit | Depreciation | ₹8 Cr |
| Operating profit | Profit before tax | ₹235 Cr |
| Other income | Profit before tax | ₹11 Cr |
| Profit before tax | Tax and other | ₹65 Cr |
| Profit before tax | Net profit | ₹182 Cr |
Revenue and net profit
Revenue grew 30.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹307 Cr | ₹70 Cr |
| FY2022 | ₹338 Cr | ₹75 Cr |
| FY2023 | ₹484 Cr | ₹103 Cr |
| FY2024 | ₹719 Cr | ₹150 Cr |
| FY2025 | ₹941 Cr | ₹182 Cr |
Cash flows
FY2025: ₹30.0 Cr from operations, ₹53.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2022 | ₹17 Cr | ₹11 Cr |
| FY2023 | ₹23 Cr | ₹4 Cr |
| FY2024 | -₹73 Cr | -₹155 Cr |
| FY2025 | ₹30 Cr | ₹53 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹941 Cr+30.9%1Y
- Net profit
- ₹182 Cr+21.3%1Y
- Cash from operations
- ₹30 Cr
- Free cash flow
- ₹53 Cr
- Revenue CAGR, 5Y
- 17.9%
- EBITDA CAGR, 5Y
- 15.5%
- Net profit CAGR, 5Y
- 15.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹941 Cr | ₹247 Cr | — | ₹182 Cr | ₹30 Cr | ₹53 Cr | 18.9% | +30.9% | +21.3% |
Monthly returns
Month-by-month returns of EMSLIMITED across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,061 Cr |
| Equity capital | ₹56 Cr |
| Reserves | ₹906 Cr |
| Borrowings | ₹13 Cr |
| Other liabilities | ₹86 Cr |
| Assets | ₹1,061 Cr |
| Fixed assets | ₹81 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹26 Cr |
| Other assets | ₹953 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
EMSLIMITED trades at 13.3x earnings against a peer median of 24.8x (a 46% discount).
Not shown (no positive earnings and no EV / Sales): Prabha Energy Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| EMS LIMITEDEMSLIMITEDthis companyP/E ↓ discount | ₹2,151 Cr | 13.3x | 2.1x | 19.1% | 9.5x |
| STERLING AND WILSON RENEWABLE ENERGY LIMITEDSWSOLAR | ₹4,730 Cr | 15.6x | 10.1x | 3.2% | 12.6x |
| PTC India LtdPTC | ₹4,693 Cr | 10.8x | 1.0x | 8.9% | 7.2x |
| ELLENBARRIE INDUSTRIAL GASES LIMITEDELLEN | ₹3,959 Cr | 45.4x | 4.3x | 11.0% | 49.4x |
| TRUALT BIOENERGY LIMITEDTRUALT | ₹3,168 Cr | 27.6x | — | 13.0% | 19.1x |
| GK ENERGY LIMITEDGKENERGY | ₹2,857 Cr | 19.6x | 3.7x | 64.3% | 52.3x |
| INSOLATION ENERGY LIMITEDINA | ₹2,766 Cr | 41.1x | 6.3x | 5.9% | 348.0x |
| Deep Industries LimitedDEEPINDS | ₹2,416 Cr | 14.5x | 1.7x | 8.3% | 14.0x |
| Prabha Energy LimitedPRABHA | ₹2,288 Cr | — | 5.3x | -0.2% | -2284.2x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
EMSLIMITED since 1 January, against earlier years.
Historical volatility
EMSLIMITED's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 31.0% |
| FY2022 | 31.0% |
| FY2023 | 29.0% |
| FY2024 | 27.0% |
| FY2025 | 26.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹941 Cr |
| Costs | |
| Interest | ₹4 Cr |
| Expenses | ₹693 Cr |
| Operating profitOperating Profit | ₹247 Cr |
| Other income and charges | |
| Profit before tax | ₹247 Cr |
| Tax | |
| Net profitNet Profit | ₹182 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,061 Cr |
| Equity capitalEquity Capital | ₹56 Cr |
| Reserves | ₹906 Cr |
| Borrowings | ₹13 Cr |
| Other liabilitiesOther Liabilities | ₹86 Cr |
| AssetsTotal Assets | ₹1,061 Cr |
| Fixed assetsFixed Assets | ₹81 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹26 Cr |
| Other assetsOther Assets | ₹953 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹30 Cr |
| Investing cash flowCash from Investing Activity | ₹23 Cr |
| Financing cash flowCash from Financing Activity | ₹2 Cr |
| Change in cashNet Cash Flow | ₹56 Cr |
Learn while you research
Academy chapters picked for EMS LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing31% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read