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

₹ 332 -1.68%
01 Oct - 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 ₹ 1,841 Cr.
  • Current Price ₹ 332
  • High / Low ₹ 580 / 256
  • Stock P/E 27.0
  • Book Value ₹ 190
  • Dividend Yield 0.45 %
  • ROCE 12.8 %
  • ROE 8.91 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Dividend payout has been low at 7.01% of profits over last 3 years
  • Company has high debtors of 193 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 Utilities BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
138 211 200 245 206 233 245 270 239 173 200 120 157
106 154 153 178 156 165 174 205 185 136 170 102 131
Operating Profit 32 57 47 68 50 69 71 65 54 37 31 18 26
OPM % 23% 27% 23% 28% 24% 29% 29% 24% 23% 21% 15% 15% 17%
1 8 6 1 2 2 3 2 2 4 3 3 2
Interest 2 2 1 2 1 1 1 2 3 3 3 4 5
Depreciation 1 1 1 3 2 2 3 3 3 2 3 3 2
Profit before tax 31 62 51 64 49 67 70 63 51 36 27 15 21
Tax % 25% 26% 26% 26% 25% 26% 27% 25% 25% 23% 29% 61% 26%
23 45 37 47 37 50 51 47 38 28 19 6 15
EPS in Rs 4.82 8.15 6.72 8.53 6.68 8.94 9.09 8.39 6.82 5.09 3.39 1.01 2.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
326 331 360 538 793 972 731 652
230 232 247 388 589 712 588 539
Operating Profit 96 99 113 150 204 261 143 112
OPM % 30% 30% 31% 28% 26% 27% 20% 17%
7 5 3 5 16 9 12 12
Interest 3 4 6 4 6 11 16 15
Depreciation 2 2 3 3 7 10 10 10
Profit before tax 98 98 107 148 207 249 129 99
Tax % 26% 27% 27% 26% 26% 26% 29%
72 72 79 109 153 184 91 69
EPS in Rs 61.64 61.17 66.51 22.91 27.44 33.05 16.30 12.28
Dividend Payout % 0% 0% 0% 0% 7% 5% 9%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 11%
TTM: -34%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: -6%
TTM: -63%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 3%
1 Year: -42%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 17%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12 12 12 47 56 56 56
Reserves 218 290 368 444 743 920 1,000
16 4 4 45 71 86 154
62 73 119 103 101 104 121
Total Liabilities 308 378 503 639 970 1,165 1,331
31 36 51 54 94 96 123
CWIP 0 3 0 4 0 0 37
Investments 0 0 1 2 10 18 10
276 340 451 579 866 1,052 1,160
Total Assets 308 378 503 639 970 1,165 1,331

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
47 36 23 4 -116 36 -15
-27 -8 -15 -21 -83 19 -60
-6 -11 3 38 176 -2 -2
Net Cash Flow 15 16 11 21 -23 54 -77
Free Cash Flow 21 27 9 -4 -140 30 -88
CFO/OP 50% 36% 20% 31% -36% 38% 14%

Ratios

Consolidated / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 44 103 160 84 112 141 193
Inventory Days 27 163
Days Payable 8 24
Cash Conversion Cycle 44 103 160 84 112 160 333
Working Capital Days 125 183 219 137 180 186 297
ROCE % 37% 33% 33% 29% 27% 13%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Unexecuted Order Book
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Number of Active EPC Projects
Count
Number of Engineers
Count
Number of States of Project Presence
Count
Total Employees
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
7.23% 4.09% 2.78% 0.88% 0.75% 0.66% 0.19% 0.17% 0.15% 0.21% 0.41% 0.14%
1.78% 1.45% 1.43% 1.58% 1.08% 0.40% 0.61% 0.40% 0.35% 0.04% 0.04% 0.05%
21.28% 24.75% 26.08% 27.84% 28.46% 29.24% 29.51% 29.72% 29.79% 30.05% 29.84% 30.10%
No. of Shareholders 46,76538,76743,84158,97194,8551,14,5611,28,0711,29,9771,28,7061,24,1171,19,0861,20,731

* 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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