EMA India Ltd
Incorporated in 1971, EMA India Ltd manufactures Machine Tools for Automotive and other industries[1]
- Market Cap ₹ 42.9 Cr.
- Current Price ₹ 425
- High / Low ₹ 425 / 86.5
- Stock P/E
- Book Value ₹ 51.0
- Dividend Yield 0.00 %
- ROCE -1,036 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 8.34 times its book value
- Company has low interest coverage ratio.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.94 | 1.45 | 0.98 | 1.29 | 0.07 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 2.37 | 1.97 | 1.43 | 2.17 | 0.63 | 0.52 | 0.57 | 0.43 | 0.57 | 0.50 | 0.44 | 0.51 | 0.61 | |
| Operating Profit | -0.43 | -0.52 | -0.45 | -0.88 | -0.56 | -0.51 | -0.57 | -0.43 | -0.57 | -0.50 | -0.44 | -0.51 | -0.61 |
| OPM % | -22.16% | -35.86% | -45.92% | -68.22% | -800.00% | -5,100.00% | |||||||
| 0.16 | 0.15 | 0.17 | 0.17 | 0.13 | 0.35 | 0.13 | 0.12 | 0.23 | 0.00 | -0.02 | -0.05 | 7.95 | |
| Interest | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.13 | 0.16 | 0.13 | 0.06 | 0.03 | 0.03 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.02 |
| Profit before tax | -0.41 | -0.53 | -0.42 | -0.77 | -0.46 | -0.19 | -0.51 | -0.37 | -0.40 | -0.56 | -0.52 | -0.62 | 7.32 |
| Tax % | -41.46% | -50.94% | -33.33% | 301.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| -0.23 | -0.26 | -0.28 | -3.08 | -0.46 | -0.20 | -0.51 | -0.37 | -0.40 | -0.56 | -0.52 | -0.62 | 6.42 | |
| EPS in Rs | -2.29 | -2.59 | -2.79 | -30.65 | -4.58 | -1.99 | -5.07 | -3.68 | -3.98 | -5.57 | -5.17 | -6.17 | 63.89 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| TTM: | -200% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 194% |
| 3 Years: | 164% |
| 1 Year: | 249% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Reserves | 4.75 | 4.24 | 3.96 | 1.30 | 0.89 | 0.46 | -0.25 | -0.65 | -1.06 | -1.62 | -2.13 | -2.75 | 4.11 |
| 0.07 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.46 | 0.83 | 1.20 | 1.77 | 0.00 | |
| 0.48 | 0.34 | 0.44 | 0.37 | 0.17 | 0.24 | 0.24 | 0.30 | 0.25 | 0.33 | 0.40 | 0.27 | 1.16 | |
| Total Liabilities | 6.31 | 5.68 | 5.41 | 2.68 | 2.07 | 1.71 | 1.00 | 0.86 | 0.66 | 0.55 | 0.48 | 0.30 | 6.28 |
| 1.27 | 0.70 | 0.54 | 0.32 | 0.24 | 0.68 | 0.55 | 0.47 | 0.41 | 0.35 | 0.26 | 0.07 | 0.00 | |
| CWIP | 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 |
| Investments | 1.14 | 1.07 | 0.92 | 1.43 | 1.55 | 0.73 | 0.20 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 4.63 |
| 3.90 | 3.91 | 3.95 | 0.93 | 0.28 | 0.30 | 0.25 | 0.25 | 0.25 | 0.20 | 0.22 | 0.23 | 1.65 | |
| Total Assets | 6.31 | 5.68 | 5.41 | 2.68 | 2.07 | 1.71 | 1.00 | 0.86 | 0.66 | 0.55 | 0.48 | 0.30 | 6.28 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.95 | -0.33 | -0.33 | 0.01 | -0.55 | -0.43 | -0.63 | -0.37 | -0.34 | -0.44 | -0.37 | -0.60 | |
| 0.53 | 0.34 | 0.33 | 0.22 | 0.05 | 0.45 | 0.57 | 0.17 | 0.14 | 0.00 | 0.00 | 0.09 | |
| 0.00 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.26 | 0.37 | 0.37 | 0.57 | |
| Net Cash Flow | -0.42 | 0.01 | -0.01 | 0.23 | -0.50 | 0.02 | -0.06 | 0.00 | 0.07 | -0.07 | 0.00 | 0.06 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24.46 | 22.66 | 22.35 | 0.00 | 0.00 | 0.00 | ||||||
| Inventory Days | 606.75 | 610.23 | 1,392.41 | 61.47 | 1,703.33 | 202.78 | 0.00 | |||||
| Days Payable | 47.40 | 17.11 | 67.59 | 11.53 | 0.00 | 0.00 | ||||||
| Cash Conversion Cycle | 583.81 | 615.78 | 1,347.16 | 49.95 | 1,703.33 | 0.00 | ||||||
| Working Capital Days | 203.20 | 236.62 | 312.86 | -2.83 | 156.43 | -1,095.00 | ||||||
| ROCE % | -8.15% | -11.64% | -10.86% | -25.00% | -25.65% | -30.86% | -56.50% | -74.24% | -129.90% | -177.78% | -333.33% | -1,036.36% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Nov - Notice of Postal Ballot and E-voting
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
22 Nov - Postal ballot (24 Nov–23 Dec 2025) for domicile shift, explosives object addition, RPTs Rs30m–40m, loans/guarantees up to Rs25Cr.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Nov - Newspaper publication of the Unaudited Standalone Financial Results for the quarter and half year ended 30th September, 2025.
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Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2025
14 Nov - Approved Q2 results; MD appointment subject to shareholder approval; CFO resigned; going-concern note; Kanpur land sale recognized.
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Board Meeting Outcome for Outcome Of The Meeting Of Board Held On Friday, November 14, 2025
14 Nov - Approved Q2 results; MD appointment; two resignations; sale of Kanpur property; going-concern warning; postal ballot.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Product Profile:[1]
a) Medium Frequency and High Frequency Equipment:
Power ratings from 1 Kw to 1130 Kw and frequencies ranging from 500 Hz to 450 KHz for
b) Custom- built Machines:
These are manufactured for applications like Induction Hardening, Partial Heating, Annealing, Tempering, Softening, Brazing, Heating for Shrink Fitting and Billet Heating
c) Generators:
Solid State Generators with Thyristors, IGBT Transistorized Convertors, etc.
d) Export:
Company exports Induction Heating and Hardening Equipment and Accessories along with Honing Machines and Honing Stones.