EMA Partners India Ltd
Incorporated in 2003, EMA Partners India Limited is an executive search firm offering specialized hiring solutions.[1]
- Market Cap ₹ 235 Cr.
- Current Price ₹ 101
- High / Low ₹ 159 / 87.0
- Stock P/E
- Book Value ₹ 44.2
- Dividend Yield 0.00 %
- ROCE -0.37 %
- ROE -0.94 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 122 to 63.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.73% over last 3 years.
- Company's cost of borrowing seems high
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 15.04 | 14.87 | 14.36 | 10.94 | |
| 10.72 | 11.39 | 13.02 | 11.30 | |
| Operating Profit | 4.32 | 3.48 | 1.34 | -0.36 |
| OPM % | 28.72% | 23.40% | 9.33% | -3.29% |
| 1.03 | 0.75 | 1.79 | 4.52 | |
| Interest | 0.38 | 0.16 | 0.15 | 0.48 |
| Depreciation | 0.66 | 0.65 | 0.73 | 1.25 |
| Profit before tax | 4.31 | 3.42 | 2.25 | 2.43 |
| Tax % | 28.54% | 18.71% | 26.67% | 18.52% |
| 3.08 | 2.77 | 1.65 | 1.97 | |
| EPS in Rs | 61.60 | 65.50 | 39.02 | 0.85 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| TTM: | -24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -148% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.05 | 0.04 | 0.04 | 11.62 |
| Reserves | 27.94 | 28.22 | 29.87 | 91.04 |
| 3.43 | 0.14 | 6.55 | 0.59 | |
| 4.07 | 4.47 | 3.91 | 5.75 | |
| Total Liabilities | 35.49 | 32.87 | 40.37 | 109.00 |
| 8.96 | 8.53 | 9.65 | 17.12 | |
| CWIP | 0.00 | 0.00 | 7.50 | 0.00 |
| Investments | 8.73 | 10.25 | 10.00 | 21.00 |
| 17.80 | 14.09 | 13.22 | 70.88 | |
| Total Assets | 35.49 | 32.87 | 40.37 | 109.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0.81 | 5.57 | 0.78 | -1.67 | |
| -1.84 | -1.72 | -7.91 | -62.84 | |
| -0.49 | -5.79 | 6.29 | 63.32 | |
| Net Cash Flow | -1.52 | -1.94 | -0.84 | -1.18 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 141.49 | 138.19 | 165.47 | 63.06 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 141.49 | 138.19 | 165.47 | 63.06 |
| Working Capital Days | 45.87 | 53.51 | 84.64 | 106.43 |
| ROCE % | 11.67% | 5.89% | -0.37% |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 October 2025 - Regulation 74(5) certificate dated 06-10-2025: no rematerialisation requests for quarter ended 30-09-2025.
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Trading Window
30 September 2025 - Trading window closed from Oct 1, 2025; reopens 48 hours after H1 (Sep 30, 2025) unaudited results announcement.
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Shareholders meeting
30 September 2025 - 22nd AGM (26 Sep 2025): all three resolutions passed; scrutinizer report and voting results filed.
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General Updates
26 September 2025 - Acquired 5,35,000 shares of James Douglas for Rs.9.84 crore via rights issue on Sep 26, 2025.
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Shareholders meeting
26 September 2025 - 22nd AGM (26 Sep 2025): adopted FY2024-25 financials; MD reappointed; independent director regularized.
Annual reports
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
Business Model[1]
EMA Partners India Limited is an executive search firm specializing in leadership hiring solutions across multiple sectors. The business is supported by its subsidiaries operating in different geographies and serving distinct market segments.
Services Offered[2]
1. C-Suite and Board-Level Hiring: Through "EMA Partners" for India, the Middle East, and Singapore.
2. Mid to Senior-Level Hiring: Via "James Douglas Professional Search" in India and the Middle East.
3. Entry to Mid-Level Hiring: Using the "MyRCloud" AI-powered recruitment platform.
4. Consultancy: Leadership and HR consulting services through inactive subsidiaries (reassessing market opportunities).