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 ₹ 90.9
- High / Low ₹ 125 / 65.2
- Stock P/E 17.2
- Book Value ₹ 66.1
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE 8.45 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.5% over last 3 years.
- Working capital days have increased from 105 days to 256 days
* 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
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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 | Mar 2026 | |
|---|---|---|---|---|---|
| 57 | 50 | 67 | 74 | 87 | |
| 43 | 46 | 51 | 61 | 73 | |
| Operating Profit | 14 | 4 | 17 | 13 | 14 |
| OPM % | 25% | 8% | 25% | 18% | 16% |
| 1 | 1 | 2 | 5 | 3 | |
| Interest | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 14 | 4 | 17 | 16 | 15 |
| Tax % | 17% | 25% | 12% | 21% | 18% |
| 11 | 3 | 15 | 12 | 12 | |
| EPS in Rs | 225.40 | 72.59 | 337.43 | 5.42 | 5.30 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 60% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.04 | 0.04 | 12 | 12 |
| Reserves | 39 | 40 | 54 | 126 | 142 |
| 4 | 1 | 8 | 1 | 1 | |
| 15 | 13 | 15 | 16 | 16 | |
| Total Liabilities | 58 | 53 | 77 | 154 | 171 |
| 10 | 9 | 13 | 20 | 20 | |
| CWIP | -0 | -0 | 8 | -0 | 0 |
| Investments | 7 | 8 | 9 | 44 | 46 |
| 41 | 35 | 47 | 91 | 105 | |
| Total Assets | 58 | 53 | 77 | 154 | 171 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 8 | 3 | 12 | 13 | -1 | |
| -3 | -1 | -18 | -79 | 28 | |
| -1 | -6 | 7 | 63 | -1 | |
| Net Cash Flow | 4 | -4 | 1 | -4 | 27 |
| Free Cash Flow | 7 | 2 | 0 | 11 | -4 |
| CFO/OP | 81% | 100% | 77% | 122% | 43% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 89 | 92 | 102 | 65 | 106 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 89 | 92 | 102 | 65 | 106 |
| Working Capital Days | 7 | 21 | 34 | 24 | 256 |
| ROCE % | 9% | 32% | 13% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Fee Earners Headcount Number |
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| Operating revenue per fee earning employee INR Lakhs |
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| Executive Search Professionals Headcount Number |
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| New Client Contribution % |
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| Number of Clients Number |
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| Repeat Business Contribution % |
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| Assignments per Employee (Projected Steady State) Number |
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| Employee Productivity (Projected Steady State) INR Mn per year |
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| Indian Executive Search Market Share % |
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| Number of Offices Number |
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| Presence - Number of Countries Number |
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| Total Group Headcount Number |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
30 April 2026 - Transcript of FY26 earnings call; board approved ₹7.25 crore buyback at ₹100 per share.
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Public Announcement - Buyback of Shares
25 April 2026 - Public announcement of EMA Partners India’s equity share buyback published on 25 April 2026.
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Buyback
25 April 2026 - EMA Partners India approves buyback of up to 7,25,000 shares at ₹100 each; record date April 30, 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
24 April 2026 - Audio recording of April 24, 2026 earnings call for audited half-year and FY2026 results uploaded.
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Analysts/Institutional Investor Meet/Con. Call Updates
24 April 2026 - Investor presentation for FY26 earnings call includes proposed 7.25 crore buyback of 725,000 shares at ₹100 each.
Annual reports
Concalls
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Apr 2026Transcript PPT REC
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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).