Emkay Taps & Cutting Tools Ltd
Incorporated in 1995, Emkay Taps & Cutting Tools Ltd manufactures Taps & Cutting Tools and does production of Power through Windmill[1]
- Market Cap ₹ 101 Cr.
- Current Price ₹ 95.0
- High / Low ₹ 216 / 83.1
- Stock P/E 12.5
- Book Value ₹ 276
- Dividend Yield 0.00 %
- ROCE 3.48 %
- ROE 2.78 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.34 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -10.3% over past five years.
- Company has a low return on equity of 5.71% over last 3 years.
- Earnings include an other income of Rs.12.8 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44.14 | 49.12 | 52.65 | 55.69 | 64.16 | 50.65 | 56.19 | 70.70 | 88.58 | 103.27 | 41.85 | 32.59 | |
| 27.41 | 32.24 | 33.88 | 32.78 | 35.47 | 30.29 | 33.06 | 37.09 | 45.10 | 55.09 | 46.07 | 34.97 | |
| Operating Profit | 16.73 | 16.88 | 18.77 | 22.91 | 28.69 | 20.36 | 23.13 | 33.61 | 43.48 | 48.18 | -4.22 | -2.38 |
| OPM % | 37.90% | 34.36% | 35.65% | 41.14% | 44.72% | 40.20% | 41.16% | 47.54% | 49.09% | 46.65% | -10.08% | -7.30% |
| 2.47 | 4.67 | 2.13 | 6.20 | -12.58 | 1.44 | 9.36 | 13.87 | 16.42 | 44.81 | 35.66 | 12.81 | |
| Interest | 0.15 | 0.22 | 0.40 | 0.48 | 0.35 | 0.11 | 0.07 | 0.15 | 0.17 | 0.30 | 0.07 | 0.07 |
| Depreciation | 2.64 | 2.22 | 2.84 | 3.16 | 2.93 | 2.99 | 3.37 | 3.33 | 3.11 | 2.61 | 0.24 | 0.22 |
| Profit before tax | 16.41 | 19.11 | 17.66 | 25.47 | 12.83 | 18.70 | 29.05 | 44.00 | 56.62 | 90.08 | 31.13 | 10.14 |
| Tax % | 33.94% | 26.48% | 32.96% | 21.91% | 58.92% | 24.12% | 17.97% | 19.86% | 22.06% | 20.18% | 13.85% | 20.02% |
| 10.84 | 14.05 | 11.85 | 19.89 | 5.27 | 14.20 | 23.83 | 35.26 | 44.13 | 71.90 | 26.82 | 8.11 | |
| EPS in Rs | 10.04 | 13.01 | 10.97 | 18.42 | 4.93 | 13.27 | 22.27 | 32.95 | 41.24 | 67.20 | 25.07 | 7.58 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 2.68% | 10.12% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -10% |
| 3 Years: | -28% |
| TTM: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -14% |
| 3 Years: | -37% |
| TTM: | 872% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | -23% |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 6% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 1.78 | 1.78 | 1.78 | 1.78 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 |
| Reserves | 56.25 | 70.58 | 82.68 | 102.15 | 97.88 | 111.09 | 135.08 | 170.34 | 215.25 | 288.24 | 277.02 | 285.13 |
| 1.67 | 2.26 | 5.10 | 4.27 | 2.86 | 3.36 | 0.00 | 3.27 | 5.73 | 6.48 | 4.00 | 0.00 | |
| 7.18 | 6.12 | 7.68 | 9.65 | 16.57 | 11.19 | 13.06 | 19.17 | 25.19 | 32.05 | 7.15 | 3.62 | |
| Total Liabilities | 66.88 | 80.74 | 97.24 | 117.85 | 127.98 | 136.31 | 158.81 | 203.45 | 256.84 | 337.44 | 298.84 | 299.42 |
| 13.94 | 16.39 | 18.15 | 16.99 | 17.11 | 20.95 | 19.06 | 19.03 | 16.45 | 13.85 | 2.15 | 1.96 | |
| CWIP | 0.00 | 0.00 | 0.53 | 0.00 | 1.44 | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 30.61 | 36.35 | 48.55 | 70.80 | 65.04 | 78.36 | 98.65 | 144.10 | 187.47 | 254.75 | 282.94 | 288.08 |
| 22.33 | 28.00 | 30.01 | 30.06 | 44.39 | 36.92 | 41.02 | 40.32 | 52.92 | 68.84 | 13.75 | 9.38 | |
| Total Assets | 66.88 | 80.74 | 97.24 | 117.85 | 127.98 | 136.31 | 158.81 | 203.45 | 256.84 | 337.44 | 298.84 | 299.42 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.82 | 5.19 | 11.70 | 19.21 | 13.77 | 17.93 | 15.25 | 32.14 | 25.44 | 24.90 | 19.28 | -4.88 | |
| -4.03 | -5.88 | -14.89 | -17.31 | -11.27 | -17.25 | -12.41 | -34.85 | -27.71 | -22.97 | 19.25 | 7.63 | |
| -2.86 | 0.48 | 2.50 | -1.67 | -2.29 | -0.72 | -3.40 | 3.15 | 2.32 | 0.53 | -40.69 | -4.07 | |
| Net Cash Flow | 0.93 | -0.21 | -0.69 | 0.24 | 0.21 | -0.04 | -0.57 | 0.44 | 0.05 | 2.46 | -2.16 | -1.32 |
| Free Cash Flow | 6.81 | 0.58 | 6.63 | 17.80 | 9.34 | 12.54 | 13.77 | 29.67 | 24.92 | 24.76 | 30.74 | -4.91 |
| CFO/OP | 87% | 65% | 90% | 113% | 73% | 114% | 91% | 119% | 88% | 91% | -590% | 199% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 78.97 | 81.96 | 92.34 | 99.16 | 93.92 | 100.46 | 117.25 | 89.83 | 80.93 | 84.08 | 1.05 | 0.34 |
| Inventory Days | 612.16 | 546.40 | 827.12 | 604.72 | 680.64 | 634.67 | 193.98 | 416.69 | 517.61 | 349.83 | 0.00 | 0.00 |
| Days Payable | 150.33 | 80.82 | 146.00 | 210.61 | 172.96 | 97.84 | 84.88 | 156.66 | 155.34 | 91.04 | ||
| Cash Conversion Cycle | 540.79 | 547.55 | 773.46 | 493.27 | 601.61 | 637.29 | 226.34 | 349.86 | 443.20 | 342.87 | 1.05 | 0.34 |
| Working Capital Days | 114.61 | 144.16 | 134.77 | 110.57 | 140.74 | 158.32 | 181.17 | 93.13 | 88.47 | 94.76 | 12.47 | 65.52 |
| ROCE % | 29.81% | 28.78% | 21.90% | 26.82% | 11.98% | 15.90% | 15.56% | 19.10% | 20.54% | 19.32% | -0.35% | 3.48% |
Insights
In beta| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Foreign Exchange Earned INR Crores |
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| Permanent Employees count |
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| HSS Taps Capacity Utilization % |
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| HSS Taps Installed Capacity Lacs Nos |
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| HSS Taps Production Volume Lacs Nos |
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| Wind Power Installed Capacity MW |
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Extracted by Screener AI
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 July 2026 - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; entire shareholding held in demat form.
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Reasons for Delayed/Non-submission of Financial Results
29 May 2026 - Emkay Taps and Cutting Tools Limited has informed about reasons for the delayed submission of Financial Results.
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Outcome of Board Meeting
29 May 2026 - Board approved audited standalone results for half-year and year ended March 31, 2026; auditor issued unmodified opinion.
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Disclosure under SEBI Takeover Regulations
30 April 2026 - Promoter Ajayprakash Kanoria հայտնում no share encumbrance during FY 2025-26.
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Structural Digital Database
17 April 2026 - Submitted Structured Digital Database compliance certificate for FY ended March 31, 2026.
Business Overview:[1][2]
ETCTL manufactures high-speed steel (HSS) threading taps and cutting tools, mainly for the automobile and auto ancillary industries. It also owns and operates wind-mills in Rajasthan and Karnataka.