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 ₹ 2,948 Cr.
- Current Price ₹ 531
- High / Low ₹ 1,017 / 529
- Stock P/E 16.0
- Book Value ₹ 176
- Dividend Yield 0.38 %
- ROCE 26.6 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 20.4% CAGR over last 5 years
Cons
- Debtor days have increased from 112 to 141 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
Utilities Utilities Other Utilities Waste Management
Part of BSE SmallCap BSE Allcap BSE Utilities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|
326 | 331 | 360 | 538 | 793 | 972 | 987 | |
230 | 232 | 247 | 388 | 589 | 715 | 729 | |
Operating Profit | 96 | 99 | 113 | 150 | 204 | 258 | 259 |
OPM % | 30% | 30% | 31% | 28% | 26% | 27% | 26% |
7 | 5 | 3 | 5 | 16 | 9 | 9 | |
Interest | 3 | 4 | 6 | 4 | 6 | 8 | 7 |
Depreciation | 2 | 2 | 3 | 3 | 7 | 10 | 10 |
Profit before tax | 98 | 98 | 107 | 148 | 207 | 249 | 251 |
Tax % | 26% | 27% | 27% | 26% | 26% | 26% | |
72 | 72 | 79 | 109 | 153 | 184 | 185 | |
EPS in Rs | 27.44 | 33.05 | 33.24 | ||||
Dividend Payout % | 0% | 0% | 0% | 0% | 7% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 39% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 33% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -37% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 22% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 47 | 56 | 56 |
Reserves | 218 | 290 | 368 | 444 | 743 | 920 |
16 | 4 | 4 | 45 | 71 | 86 | |
62 | 73 | 119 | 103 | 101 | 104 | |
Total Liabilities | 308 | 378 | 503 | 639 | 970 | 1,165 |
31 | 36 | 51 | 54 | 94 | 96 | |
CWIP | 0 | 3 | 0 | 4 | 0 | 0 |
Investments | 0 | 0 | 1 | 2 | 10 | 18 |
276 | 340 | 451 | 579 | 866 | 1,052 | |
Total Assets | 308 | 378 | 503 | 639 | 970 | 1,165 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
47 | 36 | 23 | 4 | -116 | 34 | |
-27 | -8 | -15 | -21 | -70 | 19 | |
-6 | -11 | 3 | 38 | 176 | 1 | |
Net Cash Flow | 15 | 16 | 11 | 21 | -9 | 54 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 44 | 103 | 160 | 84 | 112 | 141 |
Inventory Days | ||||||
Days Payable | ||||||
Cash Conversion Cycle | 44 | 103 | 160 | 84 | 112 | 141 |
Working Capital Days | 125 | 183 | 219 | 137 | 156 | 186 |
ROCE % | 37% | 33% | 33% | 29% | 27% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8h - An Earnings Conference call for investors and analysts will be held on Wednesday, September 03, 2025 at 12:00 PM to discuss the Financial Performance for …
-
Intimation Regarding Postponement Of Earning Conference Call To Discuss The Unaudited Financial Results For The Quarter Ended June 30 2025
19 Aug - Earnings conference call scheduled 19 Aug 2025 at 2:30pm postponed; new date/time to be notified.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
14 Aug - EMS Limited awarded Rs.104.05 crore UP Jal Nigam water infrastructure contract for 24 months.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Aug - EMS Limited has submitted the Newspapers copies of Extract of Unaudited Financial Results for the Quarter ended June 30, 2025
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Aug - Earnings call scheduled for Q1 FY2026 results on August 19, 2025 at 2:30 PM.
Concalls
-
Jun 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024TranscriptPPTREC
-
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]