Embassy Developments Ltd
₹ 59.1
4.75%
12 Jun
- close price
About
Incorporated in 2006, Embassy Developments Ltd is a real estate developer of residential, commercial, and SEZ projects.[1]
Key Points
- Market Cap ₹ 8,213 Cr.
- Current Price ₹ 59.1
- High / Low ₹ 128 / 39.4
- Stock P/E
- Book Value ₹ 71.0
- Dividend Yield 0.00 %
- ROCE -2.38 %
- ROE -9.10 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.83 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -8.81% over last 3 years.
- Promoters have pledged 68.2% of their holding.
- Working capital days have increased from 652 days to 1,526 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.
Loading peers table ...
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,641 | 2,959 | 2,320 | 4,503 | 4,944 | 3,271 | 1,521 | 1,445 | 587 | 1,188 | 2,180 | 1,732 | |
| 2,030 | 2,062 | 1,667 | 1,197 | 3,897 | 2,472 | 1,341 | 1,446 | 942 | 1,182 | 1,887 | 2,205 | |
| Operating Profit | 611 | 898 | 653 | 3,306 | 1,047 | 799 | 180 | -1 | -356 | 6 | 293 | -474 |
| OPM % | 23% | 30% | 28% | 73% | 21% | 24% | 12% | -0% | -61% | 1% | 13% | -27% |
| 95 | 137 | 518 | 229 | 278 | 90 | 140 | 96 | -167 | 29 | 210 | 173 | |
| Interest | 336 | 501 | 561 | 744 | 464 | 481 | 228 | 110 | 28 | 556 | 461 | 549 |
| Depreciation | 20 | 69 | 71 | 97 | 17 | 31 | 17 | 12 | 12 | 7 | 15 | 48 |
| Profit before tax | 351 | 464 | 539 | 2,694 | 844 | 378 | 75 | -27 | -563 | -527 | 27 | -897 |
| Tax % | 23% | 31% | 34% | 12% | 40% | 68% | 94% | 409% | 8% | -8% | -643% | -3% |
| 271 | 321 | 357 | 2,360 | 504 | 121 | 5 | -137 | -608 | -517 | 194 | -872 | |
| EPS in Rs | 5.84 | 6.41 | 8.30 | 49.99 | 11.19 | 2.65 | 0.09 | -3.00 | -11.23 | -9.18 | 1.63 | -6.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 3% |
| 3 Years: | 43% |
| TTM: | -21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -977% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -12% |
| 3 Years: | -2% |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -9% |
| 3 Years: | -9% |
| Last Year: | -9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85 | 92 | 87 | 95 | 90 | 91 | 90 | 91 | 108 | 108 | 244 | 278 |
| Reserves | 7,085 | 3,901 | 3,956 | 2,850 | 2,860 | 3,467 | 3,392 | 3,324 | 3,122 | -1,555 | 9,077 | 9,590 |
| 6,544 | 8,903 | 9,410 | 7,648 | 7,033 | 2,737 | 1,223 | 1,329 | 693 | 7,749 | 4,594 | 5,322 | |
| 3,130 | 5,226 | 5,115 | 9,487 | 6,209 | 4,992 | 4,051 | 3,007 | 2,664 | 3,637 | 6,572 | 6,348 | |
| Total Liabilities | 16,844 | 18,122 | 18,568 | 20,080 | 16,192 | 11,287 | 8,757 | 7,751 | 6,587 | 9,939 | 20,488 | 21,538 |
| 112 | 112 | 3,787 | 952 | 189 | 135 | 86 | 96 | 83 | 3,737 | 6,089 | 6,188 | |
| CWIP | 127 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 1 |
| Investments | 5,829 | 2,989 | 875 | 3,859 | 2,568 | 132 | 145 | 269 | 157 | 867 | 98 | 165 |
| 10,776 | 15,021 | 13,904 | 15,269 | 13,434 | 11,020 | 8,526 | 7,385 | 6,347 | 5,335 | 14,291 | 15,185 | |
| Total Assets | 16,844 | 18,122 | 18,568 | 20,080 | 16,192 | 11,287 | 8,757 | 7,751 | 6,587 | 9,939 | 20,488 | 21,538 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2,830 | 973 | 639 | -891 | -1,159 | -432 | 853 | -248 | -343 | 690 | 1,461 | 44 | |
| -81 | 235 | -541 | 155 | 1,784 | 1,768 | 971 | 280 | 661 | -490 | 574 | -79 | |
| 3,315 | -695 | -834 | 2,057 | -1,695 | -1,890 | -1,791 | -64 | -331 | -244 | -1,971 | 629 | |
| Net Cash Flow | 403 | 513 | -735 | 1,321 | -1,071 | -555 | 33 | -31 | -13 | -44 | 64 | 595 |
| Free Cash Flow | -2,882 | 934 | 607 | -1,100 | -1,196 | -440 | 854 | -248 | -343 | 599 | 1,407 | 44 |
| CFO/OP | -429% | 125% | 138% | -20% | -107% | -40% | 444% | 25,878% | 121% | 11,557% | 512% | -9% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22 | 408 | 602 | 1 | 20 | 9 | 72 | 69 | 47 | 72 | 9 | 5 |
| Inventory Days | 10,926 | 2,377 | 5,051 | 2,595 | 2,824 | |||||||
| Days Payable | 432 | 217 | 320 | 126 | 212 | |||||||
| Cash Conversion Cycle | 22 | 408 | 11,096 | 1 | 2,180 | 4,740 | 2,541 | 69 | 47 | 72 | 9 | 2,617 |
| Working Capital Days | 692 | 836 | 1,095 | -56 | 219 | 384 | 764 | 789 | 2,186 | -505 | 935 | 1,526 |
| ROCE % | 6% | 7% | 7% | 27% | 13% | 11% | 5% | 2% | -7% | 1% | 3% | -2% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pre-Sales Value INR Cr |
|
|||||||||||
| Total Development Portfolio msf |
||||||||||||
| New Sales Area (Area Sold) msf |
||||||||||||
| Total Collections INR Cr |
||||||||||||
| Total Land Bank Acres |
||||||||||||
Requires Premium
Requires Premium
Extracted by Screener AI
Documents
Announcements
-
Voluntary Strike-Off Of Non-Operational Wholly Owned Subsidiary Of The Company
2d - DPDL, a non-operational wholly owned subsidiary, was voluntarily struck off and dissolved on June 10, 2026.
-
Intimation Pursuant To Regulation 7(2)(B) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 - Release Of Pledge On Equity Shares Held By Promoter Group.
9 Jun - Promoter group released pledge on 2 crore equity shares worth Rs 117.26 crore.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 May
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 May - Please find attached herewith the transcript of earnings conference call held on May 21, 2026
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report for FY2026 shows no qualifications, adverse remarks, or non-compliance.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
May 2026Transcript PPT
-
May 2026TranscriptPPT
-
Feb 2026Transcript PPT REC
-
Nov 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
Jun 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Feb 2025TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Jun 2024TranscriptAI SummaryPPT
-
Apr 2024TranscriptAI SummaryPPT
-
Oct 2023TranscriptAI SummaryPPT
-
Aug 2023TranscriptAI SummaryPPT
-
Aug 2023TranscriptAI SummaryPPT
-
Feb 2023TranscriptAI SummaryPPT
-
Jun 2022TranscriptPPT
-
Feb 2022TranscriptAI SummaryPPT
-
Jan 2022TranscriptAI SummaryPPT
-
May 2021TranscriptPPTREC
-
Nov 2017TranscriptAI SummaryPPT
-
Sep 2017TranscriptAI SummaryPPT
Business Overview:[1][2]
a) EDL (formerly known as Equinox India Developments Limited and earlier Indiabulls
Real Estate Limited) is a part of the Embassy Group.
b) Headquartered in Bengaluru, it has
delivered over 75 million sq. ft. of premium
real estate across India’s major cities and
select international markets.
c) It has introduced India’s 1st publicly
listed Real Estate Investment Trust -
Embassy REIT and were instrumental
in bringing WeWork to India.
d) The company is a real estate developer which specializes in the construction and development of residential, commercial, and Special Economic Zone projects across Indian cities, with a strategic focus on Bengaluru, the Mumbai Metropolitan Region, and the National Capital Region.