EMS Ltd
EMS Ltd (EMSLIMITED) last reported results for the quarter ended Jun 2026, with sales of ₹157 crore and net profit of ₹15 crore. The stock last traded at ₹333, a market capitalisation of ₹1,849 crore, on a P/E of 27.1. Over the past 52 weeks the stock has ranged between ₹256 and ₹559. Figures are as of 6 Oct 2026 and are not real time.
EMS Ltd share price and key metrics
- Current price
- ₹333
- Market cap
- ₹1,849 cr
- Stock P/E
- 27.1
- Book value
- ₹190
- ROE
- 8.91%
- ROCE
- 12.8%
- Dividend yield
- 0.44%
- 52w high / low
- 559/256
Metrics as of 6 Oct 2026. Not real time.
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EMS Ltd growth and returns
- 10 Years
- %
- 5 Years
- 17%
- 3 Years
- 11%
- TTM
- -34%
- 10 Years
- %
- 5 Years
- 5%
- 3 Years
- -6%
- TTM
- -63%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 0%
- 1 Year
- -41%
- 10 Years
- %
- 5 Years
- 18%
- 3 Years
- 17%
- Last Year
- 9%
EMS Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹157 cr, down 34.3% from ₹239 cr a year earlier. Net profit was ₹15 cr, down 60.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 233 | 245 | 270 | 239 | 173 | 200 | 120 | 157 |
| Expenses | 165 | 174 | 205 | 185 | 136 | 170 | 102 | 131 |
| Operating profit | 69 | 71 | 65 | 54 | 37 | 31 | 18 | 26 |
| OPM % | 29% | 29% | 24% | 23% | 21% | 15% | 15% | 17% |
| Other income | 2 | 3 | 2 | 2 | 4 | 3 | 3 | 2 |
| Interest | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 5 |
| Depreciation | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 2 |
| Profit before tax | 67 | 70 | 63 | 51 | 36 | 27 | 15 | 21 |
| Tax % | 26% | 27% | 25% | 25% | 23% | 29% | 61% | 26% |
| Net profit | 50 | 51 | 47 | 38 | 28 | 19 | 6 | 15 |
| EPS (₹) | 8.94 | 9.09 | 8.39 | 6.82 | 5.09 | 3.39 | 1.01 | 2.79 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
EMS Ltd annual results
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 326 | 331 | 360 | 538 | 793 | 972 | 731 | 652 |
| Operating profit | 96 | 99 | 113 | 150 | 204 | 261 | 143 | 112 |
| OPM % | 30% | 30% | 31% | 28% | 26% | 27% | 20% | 17% |
| Net profit | 72 | 72 | 79 | 109 | 153 | 184 | 91 | 69 |
| EPS (₹) | 61.64 | 61.17 | 66.51 | 22.91 | 27.44 | 33.05 | 16.30 | 12.28 |
TTM is the trailing twelve months to the most recent quarter.
EMS Ltd balance sheet
| ₹ crore | 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 |
| Borrowings | 16 | 4 | 4 | 45 | 71 | 86 | 154 |
| Other liabilities | 62 | 73 | 119 | 103 | 101 | 104 | 121 |
| Total liabilities | 308 | 378 | 503 | 639 | 970 | 1,165 | 1,331 |
| Fixed assets | 31 | 36 | 51 | 54 | 94 | 96 | 123 |
| CWIP | 0 | 3 | 0 | 4 | 0 | 0 | 37 |
| Investments | 0 | 0 | 1 | 2 | 10 | 18 | 10 |
| Other assets | 276 | 340 | 451 | 579 | 866 | 1,052 | 1,160 |
| Total assets | 308 | 378 | 503 | 639 | 970 | 1,165 | 1,331 |
As reported by the company. Total assets equal total liabilities by construction.
EMS Ltd cash flow
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 47 | 36 | 23 | 4 | -116 | 36 | -15 |
| Cash from investing | -27 | -8 | -15 | -21 | -83 | 19 | -60 |
| Cash from financing | -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 / operating profit | 50% | 36% | 20% | 31% | -36% | 38% | 14% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
EMS Ltd operating ratios
| Per year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 37% | 33% | 33% | 29% | 27% | 13% |
| 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 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
EMS Ltd shareholding pattern
Promoters held 69.70% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.14% and DIIs 0.05%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 69.70% | 69.70% | 69.70% | 69.70% | 69.70% | 69.70% | 69.70% | 69.70% |
| FIIs | 0.75% | 0.66% | 0.19% | 0.17% | 0.15% | 0.21% | 0.41% | 0.14% |
| DIIs | 1.08% | 0.40% | 0.61% | 0.40% | 0.35% | 0.04% | 0.04% | 0.05% |
| Public | 28.46% | 29.24% | 29.51% | 29.72% | 29.79% | 30.05% | 29.84% | 30.10% |
| No. of shareholders | 94,855 | 1,14,561 | 1,28,071 | 1,29,977 | 1,28,706 | 1,24,117 | 1,19,086 | 1,20,731 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Cruxal coverage of EMS Ltd
EMS Ltd shares rise 6.4% on Rs 218.65 crore Rajasthan sewerage L-1 win
EMS Ltd shares were trading 6.4% higher at Rs 396 after the company was declared L-1 for a Rs 21,864.75 lakh Rajasthan sewerage and STP project with 10-year O&M, boosting order book visibility.
EMS Ltd4 min
EMS Ltd shares rise 5.4% on Rs 42.2 crore NHAI toll collection order wins
EMS Ltd shares climbed 5.4% after the company was declared H‑1 bidder by NHAI for two one‑year toll fee collection contracts worth about Rs 4,221.83 lakh.
EMS Ltd5 minEMS Ltd corporate filings
- EMS Limited receives LOA for Rs. 12,980.13 lakh sewerage project in Jodhpur, signaling potential near-term revenue recognition and order book expansionCompany Updatehigh impact
Cruxal's analysis: EMS Limited has been awarded a sewerage work contract in Jodhpur with an estimated value…
Read the full analysis - Compliance certificate under Regulation 74(5) of SEBI (DP) Regulations for the Quarter ended September 30, 2026Company Updatelow impact
- EMS Limited Announces Successful Conclusion of 16th AGM and Approval of Final Dividend of INR 1.50 per ShareAGM/EGMlow impact
Cruxal's analysis: EMS Limited has successfully concluded its 16th Annual General Meeting held on September…
Read the full analysis - Intimation of Closure of Trading Window for the Quarter and Half Year ended September 30, 2026Insider Trading / SASTlow impact
- EMS Limited Announces Proceedings of 16th Annual General Meeting and Proposes Final Dividend of INR 1.50 per ShareAGM/EGMlow impact
Cruxal's analysis: EMS Limited has concluded its 16th Annual General Meeting held on September 26, 2026…
Read the full analysis - EMS Limited secures NHAI contract for user fee collection worth 28 crore 38 lakh 88 thousandCompany Updatemedium impact
Cruxal's analysis: EMS Limited has received a Letter of Award (LOA) from the National Highways Authority of…
Read the full analysis - EMS Limited emerges as L-1 bidder for Rs. 218.65 Crore Rajasthan sewerage projectCompany Updatemedium impact
Cruxal's analysis: EMS Limited has been declared the Lowest Bidder (L-1) for a sewerage project in Rajasthan…
Read the full analysis - EMS Limited announces 16th Annual General Meeting, E-voting details, and Record DateCompany Updatelow impact
Cruxal's analysis: EMS Limited has published a newspaper notice regarding its 16th Annual General Meeting…
Read the full analysis - EMS Limited secures L-1 status for Rajasthan sewerage project worth 218.65 croreCompany Updatehigh impact
Cruxal's analysis: EMS Limited has been declared the lowest bidder (L-1) by the Directorate of Local Bodies…
Read the full analysis - EMS Ltd releases Integrated Annual Report for FY 2025-26Company Updatelow impact
Cruxal's analysis: EMS Ltd has provided shareholders with access to its Integrated Annual Report for the…
Read the full analysis - EMS Limited submits Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: EMS Limited has filed its Business Responsibility and Sustainability Report (BRSR) for…
Read the full analysis - EMS Limited releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: EMS Limited has filed its Annual Report for the financial year 2025-26, dated September…
Read the full analysis - EMS Limited announces 16th AGM for September 26, 2026, with final dividend declaration and director re-appointmentAGM/EGMlow impact
Cruxal's analysis: EMS Limited has issued a notice for its 16th Annual General Meeting to be held on…
Read the full analysis - EMS Ltd declared H-1 bidder by NHAI for infrastructure projectCompany Updatemedium impact
Cruxal's analysis: EMS Ltd has been declared the Highest Bidder (H-1) by the National Highways Authority of…
Read the full analysis - EMS Limited secures NHAI contract for User Fee Agency services worth 19.91 croreCompany Updatemedium impact
Cruxal's analysis: EMS Limited has received a Letter of Award from the National Highways Authority of India…
Read the full analysis - EMS Ltd announces 16th Annual General Meeting scheduled for September 26, 2026Company Updatelow impact
Cruxal's analysis: EMS Ltd has issued a public notice regarding its 16th Annual General Meeting (AGM), which…
Read the full analysis - EMS Limited announces record date for final dividend and schedules 16th Annual General MeetingOtherslow impact
Cruxal's analysis: EMS Limited has formally fixed Saturday, September 19, 2026, as the record date for the…
Read the full analysis - EMS Ltd: Promoter Ramveer Singh releases 4,30,000 pledged sharesCompany Updatelow impact
Cruxal's analysis: Promoter Mr. Ramveer Singh has released 4,30,000 pledged shares previously held with Tata…
Read the full analysis - EMS Ltd declared L-1 bidder for Rs 222 crore project by Government of RajasthanCompany Updatemedium impact
Cruxal's analysis: EMS Ltd has been identified as the Lowest Bidder (L-1) by the Public Health Engineering…
Read the full analysis - EMS Limited secures 105.82 crore sewerage infrastructure contract from UP Jal NigamCompany Updatehigh impact
Cruxal's analysis: EMS Limited has received a Letter of Acceptance (LOA) from UP Jal Nigam (Urban)…
Read the full analysis
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