About
EMS Limited constructs, designs, and installs water, wastewater, and domestic waste treatment facilities in India. It provides electrical transmission and distribution, road and allied works, operation and maintenance of water and wastewater treatment plants, and water supply scheme projects for government authorities. The company also offers turnkey services in water and wastewater collection, treatment, disposal, and manufactures own items which are used for construction purposes. EMS Limited was founded in 1998 and is based in Ghaziabad, India.
Key Metrics
as of Sep 2026Market Cap2,127 Cr
P/E31.20
Div Yield0.39 %
Book Value₹190.00
52w High₹595.00
52w Low₹256.00
Face Value₹10.00
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 | 126.00 | 84.00 | 169.00 | 144.00 | 211.00 | 266.00 | 242.00 | 231.00 | 204.00 | 234.00 | 177.00 | 196.00 | 113.00 |
| Expenses | 102.00 | 68.00 | 142.00 | 109.00 | 160.00 | 204.00 | 172.00 | 163.00 | 154.00 | 169.00 | 132.00 | 141.00 | 83.00 |
| Operating Profit | 23.00 | 15.00 | 27.00 | 35.00 | 51.00 | 62.00 | 70.00 | 68.00 | 50.00 | 65.00 | 45.00 | 55.00 | 30.00 |
| OPM % | 19.00 | 18.00 | 16.00 | 24.00 | 24.00 | 23.00 | 29.00 | 29.00 | 24.00 | 28.00 | 25.00 | 28.00 | 27.00 |
| Other Income | 2.00 | 3.00 | 2.00 | 4.00 | 2.00 | 2.00 | 3.00 | 2.00 | 2.00 | 0.00 | 6.00 | 8.00 | 1.00 |
| Depreciation | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 |
| Interest | 3.00 | 3.00 | 2.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 |
| Profit before tax | 20.00 | 14.00 | 25.00 | 36.00 | 50.00 | 61.00 | 69.00 | 67.00 | 49.00 | 62.00 | 50.00 | 61.00 | 29.00 |
| Tax % | 27.00 | 61.00 | 30.00 | 23.00 | 25.00 | 25.00 | 28.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 | 26.00 |
| Net Profit | 15.00 | 5.00 | 18.00 | 28.00 | 37.00 | 46.00 | 50.00 | 50.00 | 37.00 | 46.00 | 37.00 | 45.00 | 22.00 |
| EPS in Rs | 2.71 | 0.95 | 3.20 | 5.05 | 6.73 | 8.23 | 9.04 | 8.92 | 6.63 | 8.34 | 6.63 | 8.07 | 4.66 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 608.00 | 941.00 | 719.00 | 484.00 | 338.00 | 307.00 | 316.00 |
| Expenses | 479.00 | 693.00 | 525.00 | 344.00 | 232.00 | 212.00 | 221.00 |
| Operating Profit | 129.00 | 247.00 | 195.00 | 140.00 | 106.00 | 95.00 | 95.00 |
| OPM % | 21.00 | 26.00 | 27.00 | 29.00 | 31.00 | 31.00 | 30.00 |
| Other Income | 12.00 | 11.00 | 15.00 | 5.00 | 4.00 | 5.00 | 7.00 |
| Interest | 7.00 | 4.00 | 2.00 | 3.00 | 6.00 | 4.00 | 3.00 |
| Depreciation | 8.00 | 8.00 | 5.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Profit before tax | 126.00 | 247.00 | 203.00 | 140.00 | 102.00 | 95.00 | 98.00 |
| Tax % | 30.00 | 26.00 | 26.00 | 26.00 | 27.00 | 27.00 | 26.00 |
| Net Profit | 88.00 | 182.00 | 150.00 | 103.00 | 75.00 | 70.00 | 72.00 |
| EPS in Rs | 15.93 | 32.82 | 27.00 | 21.96 | 63.97 | 59.42 | 61.16 |
| Dividend Payout % | 9.00 | 5.00 | 7.00 | 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 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 56.00 | 56.00 | 56.00 | 47.00 | 12.00 | 12.00 | 12.00 |
| Reserves | 983.00 | 906.00 | 729.00 | 433.00 | 365.00 | 289.00 | 220.00 |
| Borrowings | 77.00 | 13.00 | 1.00 | 0.00 | 2.00 | 1.00 | 17.00 |
| Other Liabilities | 103.00 | 86.00 | 68.00 | 73.00 | 108.00 | 59.00 | 75.00 |
| Total Liabilities | 1,219.00 | 1,061.00 | 854.00 | 553.00 | 486.00 | 361.00 | 324.00 |
| Fixed Assets | 79.00 | 81.00 | 78.00 | 39.00 | 34.00 | 33.00 | 29.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 |
| Investments | 26.00 | 26.00 | 19.00 | 10.00 | 10.00 | 3.00 | 3.00 |
| Other Assets | 1,114.00 | 953.00 | 757.00 | 500.00 | 442.00 | 324.00 | 292.00 |
| Total Assets | 1,219.00 | 1,061.00 | 854.00 | 553.00 | 486.00 | 361.00 | 324.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Cash from Operating Activity | -84.00 | 30.00 | -73.00 | 23.00 | 17.00 |
| Cash from Investing Activity | 8.00 | 23.00 | -82.00 | -19.00 | -6.00 |
| Cash from Financing Activity | -1.00 | 2.00 | 156.00 | -4.00 | -5.00 |
| Net Cash Flow | -77.00 | 56.00 | 1.00 | 0.00 | 7.00 |
| Free Cash Flow | -86.00 | 24.00 | -95.00 | 15.00 | 16.00 |
| CFO/OP % | -38.00 | 37.00 | -16.00 | 45.00 | 17.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 223.00 | 146.00 | 121.00 | 107.00 | 137.00 | 95.00 | 41.00 |
| Inventory Days | 173.00 | — | — | — | — | 64.00 | 74.00 |
| Days Payable | 22.00 | — | — | — | — | 59.00 | 64.00 |
| Cash Conversion Cycle | 374.00 | 146.00 | 121.00 | 107.00 | 137.00 | 100.00 | 51.00 |
| Working Capital Days | 400.00 | 194.00 | 210.00 | 168.00 | 199.00 | 189.00 | 132.00 |
| ROCE % | 13.00 | 28.00 | 31.00 | 33.00 | 32.00 | 36.00 | — |
Corporate Actions
3 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Sep 2025 | 19 Sep 2025 | — | 1.50 | |
| Dividend | 20 Sep 2024 | 20 Sep 2024 | — | 1.00 | |
| Dividend | 24 Nov 2023 | 24 Nov 2023 | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update28 Apr from crisil
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Rating update13 Mar 2025 from crisil
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Rating update6 Jan 2025 from icra
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Rating update31 Jan 2024 from icra