About
Embassy Developments Limited operates as a real estate company in India. The company engages in developing real estate, specializing in the construction and development of residential, commercial, and special economic zone (SEZ) projects. The company was formerly known as Equinox India Developments Limited and changed its name to Embassy Developments Limited in February 2025. Embassy Developments Limited was incorporated in 2006 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap8,000 Cr
P/E—
Div Yield0.00 %
Book Value₹71.00
52w High₹106.00
52w Low₹39.40
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.00 | 96.00 | 41.00 | 166.00 | 119.00 | 589.00 | 295.00 | 406.00 | 823.00 | 344.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 86.00 | 176.00 | 103.00 | 192.00 | 132.00 | 532.00 | 233.00 | 353.00 | 699.00 | 329.00 | 3.00 | 12.00 | 3.00 |
| Operating Profit | -73.00 | -80.00 | -63.00 | -26.00 | -13.00 | 57.00 | 62.00 | 53.00 | 124.00 | 14.00 | -3.00 | -12.00 | -3.00 |
| OPM % | -567.00 | -84.00 | -155.00 | -15.00 | -11.00 | 10.00 | 21.00 | 13.00 | 15.00 | 4.20 | — | — | — |
| Other Income | 14.00 | 45.00 | 7.00 | 48.00 | 7.00 | -15.00 | 4.00 | 1.00 | 67.00 | 8.00 | 8.00 | 10.00 | 10.00 |
| Depreciation | 8.00 | 7.00 | 11.00 | 7.00 | 6.00 | 5.00 | 3.00 | 5.00 | 2.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| Interest | 22.00 | 40.00 | 14.00 | 56.00 | 78.00 | 87.00 | 59.00 | 64.00 | 77.00 | 105.00 | 5.00 | 6.00 | 4.00 |
| Profit before tax | -90.00 | -83.00 | -81.00 | -42.00 | -90.00 | -50.00 | 4.00 | -14.00 | 113.00 | -84.00 | 0.00 | -8.00 | 2.00 |
| Tax % | 1.00 | -4.00 | -9.00 | -3.00 | -2.00 | -6.00 | 34.00 | -2.00 | -187.00 | -48.00 | 15.00 | 0.00 | 1.00 |
| Net Profit | -90.00 | -80.00 | -74.00 | -40.00 | -89.00 | -47.00 | 3.00 | -14.00 | 323.00 | -43.00 | 0.00 | -9.00 | 2.00 |
| EPS in Rs | -0.65 | -0.57 | -0.53 | -0.30 | -0.65 | -0.39 | 0.05 | -0.22 | 5.08 | -0.80 | -0.01 | -0.16 | 0.04 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 412.00 | 2,107.00 | 1,069.00 | 3.00 | 0.00 | 6.00 | 363.00 | 117.00 | 82.00 | 27.00 | 17.00 | 36.00 |
| Expenses | 603.00 | 1,814.00 | 1,065.00 | 23.00 | 18.00 | 22.00 | 293.00 | 73.00 | 38.00 | 44.00 | 47.00 | 31.00 |
| Operating Profit | -191.00 | 293.00 | 4.00 | -20.00 | -18.00 | -17.00 | 70.00 | 44.00 | 45.00 | -17.00 | -29.00 | 4.00 |
| OPM % | -46.00 | 14.00 | 0.40 | -724.00 | — | -277.00 | 19.00 | 37.00 | 54.00 | -61.00 | -170.00 | 12.00 |
| Other Income | 115.00 | 61.00 | 17.00 | -347.00 | 10.00 | 41.00 | 191.00 | 438.00 | 301.00 | 398.00 | 408.00 | 283.00 |
| Interest | 189.00 | 288.00 | 407.00 | 27.00 | 46.00 | 160.00 | 302.00 | 330.00 | 361.00 | 363.00 | 304.00 | 274.00 |
| Depreciation | 31.00 | 14.00 | 7.00 | 2.00 | 2.00 | 4.00 | 10.00 | 1.00 | 1.00 | 1.00 | 3.00 | 5.00 |
| Profit before tax | -296.00 | 52.00 | -393.00 | -396.00 | -55.00 | -139.00 | -51.00 | 150.00 | -16.00 | 17.00 | 72.00 | 9.00 |
| Tax % | -4.00 | -405.00 | -13.00 | 0.00 | 2.00 | 0.00 | 69.00 | 29.00 | 22.00 | -3.00 | 9.00 | -152.00 |
| Net Profit | -283.00 | 264.00 | -342.00 | -397.00 | -56.00 | -140.00 | -85.00 | 106.00 | -20.00 | 17.00 | 66.00 | 23.00 |
| EPS in Rs | -2.04 | 2.16 | -6.31 | -7.32 | -1.24 | -3.07 | -1.88 | 2.35 | -0.42 | 0.36 | 1.42 | 0.54 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 278.00 | 244.00 | 108.00 | 108.00 | 91.00 | 90.00 | 91.00 | 90.00 | 95.00 | 96.00 | 92.00 | 85.00 |
| Reserves | 11,022.00 | 9,927.00 | -842.00 | 6,632.00 | 6,247.00 | 6,232.00 | 6,358.00 | 6,452.00 | 6,828.00 | 6,072.00 | 6,300.00 | 5,674.00 |
| Borrowings | 1,978.00 | 2,696.00 | 4,199.00 | 148.00 | 516.00 | 523.00 | 2,296.00 | 4,007.00 | 3,212.00 | 3,454.00 | 3,074.00 | 2,829.00 |
| Other Liabilities | 2,680.00 | 3,093.00 | 3,819.00 | 4.00 | 25.00 | 18.00 | 107.00 | 110.00 | 58.00 | 110.00 | 92.00 | 127.00 |
| Total Liabilities | 15,959.00 | 15,959.00 | 7,285.00 | 6,891.00 | 6,878.00 | 6,863.00 | 8,852.00 | 10,659.00 | 10,193.00 | 9,732.00 | 9,558.00 | 8,715.00 |
| Fixed Assets | 2,062.00 | 2,069.00 | 160.00 | 4.00 | 5.00 | 1.00 | 20.00 | 2.00 | 2.00 | 3.00 | 5.00 | 7.00 |
| CWIP | 0.00 | 9.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 9,597.00 | 11,070.00 | 3,691.00 | 3,201.00 | 3,854.00 | 3,793.00 | 3,838.00 | 6,097.00 | 6,895.00 | 6,211.00 | 5,238.00 | 5,042.00 |
| Other Assets | 4,300.00 | 2,811.00 | 3,434.00 | 3,687.00 | 3,018.00 | 3,068.00 | 4,994.00 | 4,559.00 | 3,295.00 | 3,518.00 | 4,316.00 | 3,667.00 |
| Total Assets | 15,959.00 | 15,959.00 | 7,285.00 | 6,891.00 | 6,878.00 | 6,863.00 | 8,852.00 | 10,659.00 | 10,193.00 | 9,732.00 | 9,558.00 | 8,715.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -178.00 | 580.00 | 70.00 | 17.00 | 6.00 | -13.00 | 111.00 | 26.00 | -57.00 | 385.00 | -483.00 | 13.00 |
| Cash from Investing Activity | 34.00 | 858.00 | -337.00 | -455.00 | 47.00 | 1,946.00 | 1,897.00 | -31.00 | 720.00 | -845.00 | 547.00 | -756.00 |
| Cash from Financing Activity | 352.00 | -1,413.00 | 189.00 | 438.00 | -47.00 | -1,941.00 | -2,020.00 | 18.00 | -693.00 | -173.00 | 521.00 | 765.00 |
| Net Cash Flow | 209.00 | 25.00 | -77.00 | -1.00 | 5.00 | -8.00 | -12.00 | 13.00 | -31.00 | -633.00 | 585.00 | 22.00 |
| Free Cash Flow | -199.00 | 564.00 | 62.00 | 16.00 | 6.00 | -13.00 | 111.00 | 25.00 | -57.00 | 385.00 | -484.00 | 10.00 |
| CFO/OP % | 90.00 | 201.00 | 1,989.00 | 108.00 | 57.00 | 423.00 | 128.00 | 82.00 | -92.00 | -2,364.00 | 1,580.00 | 1,013.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5.00 | 2.00 | 93.00 | 0.00 | — | 0.00 | 0.00 | 18.00 | 8.00 | 25.00 | 61.00 | 4.00 |
| Cash Conversion Cycle | 5.00 | 2.00 | 93.00 | 0.00 | — | 0.00 | 0.00 | 18.00 | 8.00 | 25.00 | 61.00 | 4.00 |
| Working Capital Days | 127.00 | -296.00 | -377.00 | 453,499.00 | — | 160,589.00 | 2,643.00 | 6,642.00 | 4,825.00 | 17,455.00 | 48,236.00 | 23,308.00 |
| ROCE % | -1.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 5.00 | 3.00 | 4.00 | 3.00 | 4.00 |
Corporate Actions
26 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 20 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 25 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 23 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 23 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 24 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 24 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 16 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2014 | — | — | — | Annual General Meeting |
| Dividend | 06 May 2014 | 07 May 2014 | — | 1.00 | |
| Dividend | 31 Oct 2013 | 01 Nov 2013 | — | 1.00 | |
| Other | 20 Sep 2013 | — | — | — | Annual General Meeting |
| Dividend | 05 Aug 2013 | 06 Aug 2013 | — | 1.00 | |
| Other | 05 Aug 2013 | 06 Aug 2013 | — | — | Interim Dividend - Re 1 Per Equity Share |
| Dividend | 07 May 2013 | 08 May 2013 | — | 2.00 | |
| Other | 07 May 2013 | 08 May 2013 | — | — | Interim Dividend Rs. 2 Per Equity Share |
| Other | 21 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 07 Dec 2011 | 08 Dec 2011 | — | — | Scheme of Arrangement |
| Dividend | 22 Sep 2011 | — | — | 0.30 | |
| Other | 21 Apr 2011 | 25 Apr 2011 | — | — | Scheme of Arrangement |
| Other | 22 Sep 2010 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2009 | — | — | — | Annual General Meeting |
| Dividend | 27 Aug 2008 | — | — | 13.50 | |
| Other | 06 Sep 2007 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update7 Dec 2023 from infomerics
-
Rating update7 Jun 2023 from infomerics
-
Rating update31 Mar 2023 from infomerics
-
Rating update22 Sep 2022 from infomerics
-
Rating update15 Sep 2022 from infomerics
-
Rating update2 Aug 2022 from brickwork