Embassy Developments Ltd
The Co. has a presence in residential real estate development from Affordable to Premium & Uber-luxury space. It mainly focuses on the construction and development of residential, commercial and SEZ projects across the Indian metro cities. Geographically, the Company’s strategic focus is in key markets of MMR and NCR Region. [1] [2]
- Market Cap ₹ 11,601 Cr.
- Current Price ₹ 83.7
- High / Low ₹ 164 / 83.4
- Stock P/E
- Book Value ₹ 82.4
- Dividend Yield 0.00 %
- ROCE 3.78 %
- ROE 5.20 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 1.02 times its book value
- Company's median sales growth is 56.5% of last 10 years
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.79% over last 3 years.
- Promoters have pledged or encumbered 33.6% of their holding.
- Earnings include an other income of Rs.42.6 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 85 | 36 | 17 | 27 | 82 | 117 | 363 | 6 | 0 | 3 | 1,069 | 2,111 | 1,168 | |
| 60 | 31 | 47 | 44 | 38 | 73 | 293 | 22 | 18 | 23 | 1,065 | 1,814 | 1,089 | |
| Operating Profit | 25 | 4 | -29 | -17 | 45 | 44 | 70 | -17 | -18 | -20 | 4 | 297 | 80 |
| OPM % | 29% | 12% | -170% | -61% | 54% | 37% | 19% | -277% | -724% | 0% | 14% | 7% | |
| 302 | 283 | 408 | 398 | 301 | 438 | 191 | 41 | 10 | -347 | 17 | 56 | 43 | |
| Interest | 167 | 274 | 304 | 363 | 361 | 330 | 302 | 160 | 46 | 27 | 407 | 286 | 280 |
| Depreciation | 3 | 5 | 3 | 1 | 1 | 1 | 10 | 4 | 2 | 2 | 7 | 14 | 20 |
| Profit before tax | 157 | 9 | 72 | 17 | -16 | 150 | -51 | -139 | -55 | -396 | -393 | 52 | -178 |
| Tax % | 8% | -152% | 9% | -3% | 22% | 29% | 69% | 0% | 2% | 0% | -13% | -405% | |
| 145 | 23 | 66 | 17 | -20 | 106 | -85 | -140 | -56 | -397 | -342 | 264 | -174 | |
| EPS in Rs | 3.41 | 0.54 | 1.42 | 0.36 | -0.42 | 2.35 | -1.88 | -3.07 | -1.24 | -7.32 | -6.31 | 2.16 | -1.29 |
| Dividend Payout % | 88% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 50% |
| 5 Years: | 42% |
| 3 Years: | % |
| TTM: | -26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 49% |
| 3 Years: | 85% |
| TTM: | -155% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 7% |
| 3 Years: | -1% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -1% |
| 3 Years: | -1% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 85 | 85 | 92 | 96 | 95 | 90 | 91 | 90 | 91 | 108 | 108 | 244 | 274 |
| Reserves | 5,646 | 5,674 | 6,300 | 6,072 | 6,828 | 6,452 | 6,358 | 6,232 | 6,247 | 6,632 | -842 | 9,927 | 11,020 |
| 1,771 | 2,829 | 3,074 | 3,454 | 3,212 | 4,007 | 2,296 | 523 | 516 | 148 | 4,199 | 2,643 | 2,360 | |
| 91 | 127 | 92 | 110 | 58 | 110 | 107 | 18 | 25 | 4 | 3,819 | 3,146 | 2,526 | |
| Total Liabilities | 7,593 | 8,715 | 9,558 | 9,732 | 10,193 | 10,659 | 8,852 | 6,863 | 6,878 | 6,891 | 7,285 | 15,960 | 16,180 |
| 10 | 7 | 5 | 3 | 2 | 2 | 20 | 1 | 5 | 4 | 160 | 2,069 | 2,102 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 0 |
| Investments | 4,825 | 5,042 | 5,238 | 6,211 | 6,895 | 6,097 | 3,838 | 3,793 | 3,854 | 3,201 | 3,691 | 11,070 | 10,594 |
| 2,757 | 3,667 | 4,316 | 3,518 | 3,295 | 4,559 | 4,994 | 3,068 | 3,018 | 3,687 | 3,434 | 2,812 | 3,484 | |
| Total Assets | 7,593 | 8,715 | 9,558 | 9,732 | 10,193 | 10,659 | 8,852 | 6,863 | 6,878 | 6,891 | 7,285 | 15,960 | 16,180 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -64 | 13 | -483 | 385 | -57 | 26 | 111 | -13 | 6 | 17 | 70 | 580 | |
| -312 | -756 | 547 | -845 | 720 | -31 | 1,897 | 1,946 | 47 | -455 | -337 | 858 | |
| 431 | 765 | 521 | -173 | -693 | 18 | -2,020 | -1,941 | -47 | 438 | 189 | -1,413 | |
| Net Cash Flow | 55 | 22 | 585 | -633 | -31 | 13 | -12 | -8 | 5 | -1 | -77 | 25 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 3 | 4 | 61 | 25 | 8 | 18 | 0 | 0 | 0 | 93 | 2 | |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 3 | 4 | 61 | 25 | 8 | 18 | 0 | 0 | 0 | 93 | 2 | |
| Working Capital Days | 6,873 | 23,308 | 48,236 | 17,455 | 4,825 | 6,642 | 2,643 | 160,589 | 453,499 | -377 | -298 | |
| ROCE % | 5% | 4% | 3% | 4% | 3% | 5% | 3% | 0% | -0% | 0% | 0% | 4% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
1d - Allotment of 48,22,891 shares on Nov 17, 2025; INR 40.33 crore received.
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Intimation Pursuant To SEBI Circular No. SEBI/HO/MIRSD/MIRSD-Pod/P/CIR/2025/97 Dated July 02, 2025 - Special Window For Re-Lodgement Of Transfer Requests Of Physical Shares
14 Nov - Published reminder for SEBI special-window (Jul7-Jan6) Nov14; KFin reported NIL re-lodgements Sep–Oct 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper publication with respect to the opening of the special window for re-lodgement of transfer requests of physical shares. For further information, please refer the …
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Investor Update For The Quarter And Half Year Ended September 30, 2025
6 Nov - Q2/H1FY26 update: pre-sales ₹409Cr, collections ₹359Cr, Kotak sanction ₹1,370Cr, FY26 guidance ₹5,000Cr.
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Disclosure As per Regulation 32 Of SEBI
(LODR) Regulations, 2015, As Amended
('SEBI LODR Regulations')
6 Nov - CARE monitoring report (06-Nov-2025): ₹3,908.14 crore preferential issue utilization largely in line; ₹552.66 crore pending contingency funds.
Annual reports
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Financial Year 2025
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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 2013
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Financial Year 2012
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Concalls
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Aug 2025TranscriptNotesPPT
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Jun 2025TranscriptNotesPPT
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May 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Jun 2022TranscriptPPT
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Feb 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
Project Portfolio
The company has a total of 16 projects in 6 cities with a built-up area of 12.3 Mn Sq. ft (10.5 Residential and 1.8 Commercial). [1]