EMS Ltd

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EMS Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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EMS Ltd

₹ 315 -0.52%
13 Nov - close price
ems.co.in BSE: 543983 NSE: EMSLIMITED
About

EMS Limited is a multi-disciplinary EPC company, headquartered in Delhi that specializes in providing turnkey services in water and wastewater collection, treatment and disposal. EMS provides complete, single-source services from engineering and design to construction and installation of water, wastewater and domestic waste treatment facilities.[1]

Key Points

Business Segments[1]
a) Contractor (82% in Q1 FY27 vs 91% in Q1 FY26):
i) Water & Sewerage Projects:[2] [3]
The company provides water and sewerage infrastructure solutions, including sewerage networks, water and wastewater treatment plants, water supply systems and related EPC and O&M services. It focuses on expanding its WWSP, WSSP and IWTP project execution capabilities, with most STPs and CETPs adopting ZLD-compliant treatment processes that enable reuse of treated water across various applications. The company has scaled its STP treatment capability from an initial 4 MLD project to 80 MLD.

Website BSE NSE
  • Market Cap ₹ 1,747 Cr.
  • Current Price ₹ 315
  • High / Low ₹ 481 / 256
  • Stock P/E 28.6
  • Book Value ₹ 194
  • Dividend Yield 0.48 %
  • ROCE 12.8 %
  • ROE 8.85 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Dividend payout has been low at 7.13% of profits over last 3 years
  • Company has high debtors of 223 days.
  • Working capital days have increased from 268 days to 401 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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Part of BSE 1000 BSE Utilities

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
196 177 234 204 231 242 266 211 144 169 84 126 161
141 132 169 154 163 172 204 160 109 142 68 102 128
Operating Profit 55 45 65 50 68 70 62 51 35 27 15 23 33
OPM % 28% 25% 28% 24% 29% 29% 23% 24% 24% 16% 18% 19% 21%
8 6 0 2 2 3 2 2 4 2 3 2 3
Interest 1 0 1 1 1 1 1 2 1 2 3 3 3
Depreciation 1 1 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 61 50 62 49 67 69 61 50 36 25 14 20 31
Tax % 26% 26% 26% 25% 26% 28% 25% 25% 23% 30% 61% 27% 25%
45 37 46 37 50 50 46 37 28 18 5 15 23
EPS in Rs 8.07 6.63 8.34 6.63 8.92 9.04 8.23 6.73 5.05 3.20 0.95 2.71 4.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
316 307 338 484 719 942 607 539
221 212 232 344 525 693 477 440
Operating Profit 95 95 106 140 195 250 129 99
OPM % 30% 31% 31% 29% 27% 27% 21% 18%
7 5 4 5 15 9 12 10
Interest 3 4 6 3 2 4 8 12
Depreciation 1 1 2 2 5 8 8 7
Profit before tax 98 95 102 140 203 247 126 90
Tax % 26% 27% 27% 26% 26% 26% 30%
72 70 75 103 150 182 88 61
EPS in Rs 15.29 14.86 15.99 21.96 27.00 32.82 15.93 10.99
Dividend Payout % 0% 0% 0% 0% 7% 5% 9%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 8%
TTM: -38%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: -5%
TTM: -62%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -9%
1 Year: -35%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 17%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 12 12 12 47 56 56 56 56
Reserves 220 289 365 433 729 906 983 1,021
17 1 2 0 1 13 77 80
75 59 108 73 68 86 103 152
Total Liabilities 324 361 486 553 854 1,061 1,219 1,309
29 33 34 39 78 81 79 83
CWIP 0 0 0 4 0 0 0 0
Investments 3 3 10 10 19 26 26 30
292 324 442 500 757 953 1,114 1,196
Total Assets 324 361 486 553 854 1,061 1,219 1,309

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
17 23 -73 36 -84
-6 -19 -82 20 8
-5 -4 156 -0 -1
Net Cash Flow 7 -0 1 56 -77
Free Cash Flow 16 15 -95 29 -86
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 17% 45% -16% 39% -38%

Ratios

Standalone / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 41 95 137 107 121 146 223
Inventory Days 74 64 27 173
Days Payable 64 59 7 22
Cash Conversion Cycle 51 100 137 107 121 166 375
Working Capital Days 132 189 199 168 210 194 401
ROCE % 36% 32% 33% 31% 28% 13%

Insights

In beta
Mar 2022 Jul 2023 Mar 2025 Mar 2026
Unexecuted Order Book
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Total Employees
Count
Number of Active EPC Projects
Count
Number of Engineers
Count
Number of States of Project Presence
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
69.70% 69.70% 69.70% 69.70% 69.70% 69.70% 69.70% 69.70% 69.70% 69.70% 69.70% 69.70%
4.09% 2.78% 0.88% 0.75% 0.66% 0.19% 0.17% 0.15% 0.21% 0.41% 0.14% 0.44%
1.45% 1.43% 1.58% 1.08% 0.40% 0.61% 0.40% 0.35% 0.04% 0.04% 0.05% 0.02%
24.75% 26.08% 27.84% 28.46% 29.24% 29.51% 29.72% 29.79% 30.05% 29.84% 30.10% 29.83%
No. of Shareholders 38,76743,84158,97194,8551,14,5611,28,0711,29,9771,28,7061,24,1171,19,0861,20,7311,18,809

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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