EMS Ltd
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]
- Market Cap ₹ 3,131 Cr.
- Current Price ₹ 564
- High / Low ₹ 1,017 / 528
- Stock P/E 17.1
- Book Value ₹ 173
- Dividend Yield 0.27 %
- ROCE 28.4 %
- ROE 20.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 20.6% CAGR over last 5 years
Cons
* 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
Utilities Utilities Other Utilities Waste Management
Part of BSE SmallCap BSE Allcap BSE Utilities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|
316 | 307 | 338 | 484 | 719 | 943 | 951 | |
221 | 212 | 232 | 344 | 525 | 694 | 699 | |
Operating Profit | 95 | 95 | 106 | 140 | 195 | 250 | 251 |
OPM % | 30% | 31% | 31% | 29% | 27% | 26% | 26% |
7 | 5 | 4 | 5 | 15 | 9 | 9 | |
Interest | 3 | 4 | 6 | 3 | 2 | 4 | 4 |
Depreciation | 1 | 1 | 2 | 2 | 5 | 8 | 8 |
Profit before tax | 98 | 95 | 102 | 140 | 203 | 247 | 248 |
Tax % | 26% | 26% | 27% | 26% | 26% | 26% | |
72 | 70 | 75 | 103 | 150 | 182 | 183 | |
EPS in Rs | 27.00 | 32.82 | 32.92 | ||||
Dividend Payout % | 0% | 0% | 0% | 0% | 7% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 41% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 34% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -29% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 22% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 47 | 56 | 56 |
Reserves | 220 | 290 | 365 | 433 | 729 | 906 |
17 | 1 | 2 | 0 | 1 | 13 | |
75 | 69 | 108 | 73 | 68 | 86 | |
Total Liabilities | 324 | 372 | 486 | 553 | 854 | 1,061 |
29 | 0 | 34 | 39 | 78 | 81 | |
CWIP | 0 | 0 | 0 | 4 | 0 | 0 |
Investments | 3 | 4 | 10 | 10 | 19 | 26 |
292 | 368 | 442 | 500 | 757 | 953 | |
Total Assets | 324 | 372 | 486 | 553 | 854 | 1,061 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
17 | 23 | -73 | 30 | |||
-6 | -19 | -69 | 23 | |||
-5 | -4 | 156 | 2 | |||
Net Cash Flow | 7 | -0 | 14 | 56 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 41 | 109 | 137 | 107 | 121 | 146 |
Inventory Days | 74 | |||||
Days Payable | 64 | |||||
Cash Conversion Cycle | 51 | 109 | 137 | 107 | 121 | 146 |
Working Capital Days | 132 | 203 | 199 | 168 | 184 | 194 |
ROCE % | 36% | 32% | 33% | 31% | 28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 Sep - Earning Call Transcript held on September 03, 2025 to discuss the Financial Results for the Quarter ended June 30, 2025.
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Letter To Members Providing Web Link And QR Code For Accessing Annual Report 2024-25
6 Sep - Integrated Annual Report and 15th AGM on Sept 29, 2025; e-voting Sept 26–28, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Sep - Copies of the newspaper advertisement regarding Notice of 15th Annual General Meeting , cut off and Remote e-voting published on September 06, 2025
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Reg. 34 (1) Annual Report.
5 Sep - AGM on Sep 27, 2025; Integrated Annual Report FY2024-25 filed; FY24-25 revenue ₹94,061.93 lakh, net profit ₹18,227.44 lakh.
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Business Responsibility and Sustainability Reporting (BRSR)
5 Sep - Filed Business Responsibility & Sustainability Report (BRSR) for FY 2024-25 on September 05, 2025.
Annual reports
Concalls
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Sep 2025TranscriptPPT
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Jun 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPTREC
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Feb 2024TranscriptPPT
Business Divisions FY25
1) Water & Sewerage Projects (70%): [1] The company provides Sewage solutions, Water Supply Systems, Water and Waste Treatment Plants, and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWSPs include Sewage Treatment Plants (STPs) along with Sewage Network Schemes and Common Effluent Treatment Plants (CETPs) and WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for the supply of water. [2] with an 80 MLD capacity i.e. the maximum capacity of Minimal Liquid Discharge for STPs. [3]