EMA Partners India Ltd
Incorporated in 2003, EMA Partners India Limited is an executive search firm offering specialized hiring solutions.[1]
- Market Cap ₹ 201 Cr.
- Current Price ₹ 86.6
- High / Low ₹ 133 / 75.5
- Stock P/E 15.6
- Book Value ₹ 62.9
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 10.4 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 86.3 to 65.0 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.6.74 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 57 | 50 | 67 | 74 | 75 | |
| 43 | 46 | 51 | 61 | 64 | |
| Operating Profit | 14 | 4 | 17 | 13 | 12 |
| OPM % | 25% | 8% | 25% | 18% | 16% |
| 1 | 1 | 2 | 5 | 7 | |
| Interest | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 14 | 4 | 17 | 16 | 16 |
| Tax % | 17% | 25% | 12% | 21% | |
| 11 | 3 | 15 | 12 | 13 | |
| EPS in Rs | 225.40 | 72.59 | 337.43 | 5.42 | 5.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.04 | 0.04 | 12 | 12 |
| Reserves | 39 | 40 | 54 | 126 | 135 |
| 4 | 1 | 8 | 1 | 1 | |
| 15 | 13 | 15 | 16 | 8 | |
| Total Liabilities | 58 | 53 | 77 | 154 | 155 |
| 10 | 9 | 13 | 20 | 20 | |
| CWIP | 0 | 0 | 8 | 0 | 0 |
| Investments | 7 | 8 | 9 | 44 | 31 |
| 41 | 35 | 47 | 91 | 103 | |
| Total Assets | 58 | 53 | 77 | 154 | 155 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 8 | 3 | 12 | 13 | |
| -3 | -1 | -18 | -79 | |
| -1 | -6 | 7 | 63 | |
| Net Cash Flow | 4 | -4 | 1 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 89 | 92 | 102 | 65 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 89 | 92 | 102 | 65 |
| Working Capital Days | 7 | 21 | 34 | 24 |
| ROCE % | 9% | 32% | 13% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
28 January 2026 - One-on-one investor meeting with Invicta Capserv on Feb 2, 2026 at 4:00 PM; CMD attending.
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Reply to Clarification- Financial results
20 January 2026 - Submitted deviation statement for H1 ended Sep 30, 2025; INR 5,947.24 Lacs raised; no deviations; utilized INR 1,830.72 Lacs.
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Clarification - Financial Results
13 January 2026 - Exchange has sought clarification from EMA Partners India Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 January 2026 - Registrar's certificate stating no rematerialisation requests for quarter ended 31 Dec 2025 (dated Jan 08, 2026).
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Analysts/Institutional Investor Meet/Con. Call Updates
18 December 2025 - Virtual analyst/institutional investor meeting scheduled 23-Dec-2025 at 4:00 PM.
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).