EMA Partners India Ltd
Incorporated in 2003, EMA Partners India Limited is an executive search firm offering specialized hiring solutions.[1]
- Market Cap ₹ 211 Cr.
- Current Price ₹ 91.0
- High / Low ₹ 159 / 83.0
- Stock P/E 45.8
- Book Value ₹ 45.7
- 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 a low return on equity of 2.73% over last 3 years.
- Earnings include an other income of Rs.6.29 Cr.
* 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 | TTM | |
|---|---|---|---|---|---|
| 15.04 | 14.87 | 14.36 | 10.94 | 20.73 | |
| 10.72 | 11.39 | 13.02 | 11.30 | 19.66 | |
| Operating Profit | 4.32 | 3.48 | 1.34 | -0.36 | 1.07 |
| OPM % | 28.72% | 23.40% | 9.33% | -3.29% | 5.16% |
| 1.03 | 0.75 | 1.79 | 4.52 | 6.29 | |
| Interest | 0.38 | 0.16 | 0.15 | 0.48 | 0.22 |
| Depreciation | 0.66 | 0.65 | 0.73 | 1.25 | 1.34 |
| Profit before tax | 4.31 | 3.42 | 2.25 | 2.43 | 5.80 |
| Tax % | 28.54% | 18.71% | 26.67% | 18.52% | |
| 3.08 | 2.77 | 1.65 | 1.97 | 4.62 | |
| EPS in Rs | 61.60 | 65.50 | 39.02 | 0.85 | 1.98 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 590% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.04 | 0.04 | 11.62 | 11.62 |
| Reserves | 27.94 | 28.22 | 29.87 | 91.04 | 94.62 |
| 3.43 | 0.14 | 6.55 | 0.59 | 0.46 | |
| 4.07 | 4.47 | 3.91 | 5.75 | 9.80 | |
| Total Liabilities | 35.49 | 32.87 | 40.37 | 109.00 | 116.50 |
| 8.96 | 8.53 | 9.65 | 17.12 | 17.12 | |
| CWIP | -0.00 | -0.00 | 7.50 | -0.00 | 0.06 |
| Investments | 8.73 | 10.25 | 10.00 | 21.00 | 28.99 |
| 17.80 | 14.09 | 13.22 | 70.88 | 70.33 | |
| Total Assets | 35.49 | 32.87 | 40.37 | 109.00 | 116.50 |
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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Analysts/Institutional Investor Meet/Con. Call Updates
25 November 2025 - Uploaded Nov 17, 2025 earnings call transcript; H1 FY26 revenue Rs40.50cr, EBITDA Rs8.00cr, PAT Rs7.10cr.
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General Updates
24 November 2025 - Granted 20,000 ESOPs at Rs.89 exercise price under ESOS 2025 on Nov 24, 2025.
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Press Release
24 November 2025 - Melvin Lee appointed Managing Partner of EMA Partners Singapore, effective 24 Nov 2025.
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General Updates
24 November 2025 - Melvin Lee appointed Managing Partner of EMA Partners Singapore, effective 24 November 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
17 November 2025 - Audio recording of Nov 17, 2025 earnings call uploaded for H1 ended Sep 30, 2025; link provided.
Annual reports
Concalls
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Nov 2025Transcript PPT
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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).