WEBSITE BSE:522027 NSE: EMA INDIA Inc. Year: 1971 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
Last updated: 10:31
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1. Business Overview
Ema India Ltd. operates within the Engineering - Industrial Equipments sector in India. The company is primarily involved in designing, manufacturing, supplying, and potentially servicing various types of equipment, machinery, components, or systems used in industrial applications. Its core business model is likely Business-to-Business (B2B), catering to other manufacturing firms, infrastructure projects, power generation companies, and various process industries. The company generates revenue through direct sales of its manufactured equipment, spare parts, and potentially through providing installation, maintenance, or project-based engineering services.
2. Key Segments / Revenue Mix
Specific details regarding Ema India Ltd.'s key business segments or revenue contribution mix are not publicly available. However, based on its industry, potential segments could include:
Product Manufacturing: Sales of standard or customized industrial equipment (e.g., pumps, valves, process machinery, material handling systems, specialized components).
Project Engineering/EPC: Executing engineering, procurement, and construction (EPC) contracts for industrial projects.
Aftermarket Services: Sales of spare parts, repairs, maintenance contracts, and technical support.
Without specific financial reporting, a detailed breakdown is not possible.
3. Industry & Positioning
The Engineering - Industrial Equipments sector in India is diverse, encompassing a wide range of products and services. It is generally characterized by cyclicality, being closely tied to industrial capital expenditure (CAPEX) cycles, infrastructure development, and overall economic growth. The industry includes a mix of large multinational corporations, established domestic players, and numerous small to mid-sized specialized firms. Competition is often based on product quality, technical specifications, customization capabilities, pricing, delivery timelines, and after-sales service. Without specific market share data or competitive benchmarking, Ema India Ltd.'s precise positioning cannot be determined, but it likely competes on specific product offerings or regional strengths within this broader, fragmented market.
4. Competitive Advantage (Moat)
Without specific details about Ema India Ltd.'s operations, assessing a durable competitive advantage (moat) is challenging. Potential moats in this industry, which the company may possess, include:
Specialized Expertise: Niche technical know-how or patented designs for specific types of industrial equipment.
Strong Customer Relationships: Long-standing relationships with key industrial clients, leading to repeat business.
Efficient Manufacturing: Cost-effective production processes or supply chain management that allow for competitive pricing.
After-Sales Service Network: A robust service and support network that reduces downtime for customers and increases switching costs.
Brand Reputation: A strong reputation for quality, reliability, or timely delivery within its specific product categories.
However, without concrete evidence, it is difficult to confirm the existence or strength of such advantages for Ema India Ltd.
5. Growth Drivers
Key factors that could drive growth for Ema India Ltd. over the next 3-5 years include:
Government Initiatives: "Make in India" campaigns, Production Linked Incentive (PLI) schemes, and increased public spending on infrastructure and industrial development.
Industrial CAPEX Cycle: Resumption and acceleration of capital expenditure by manufacturing, power, and process industries in India.
Modernization & Automation: Demand for newer, more efficient, and automated industrial equipment to enhance productivity and reduce operational costs.
Sectoral Demand: Growth in core sectors like renewable energy, logistics, chemicals, metals, and automotive, which require industrial equipment.
Export Opportunities: Expansion into international markets for its specialized products, if applicable.
6. Risks
Ema India Ltd., like other companies in its sector, faces several risks:
Economic Cyclicality: High dependence on industrial CAPEX, making the company susceptible to economic slowdowns, recession, and changes in government policy or industrial spending.
Raw Material Price Volatility: Fluctuations in the prices of steel, non-ferrous metals, and other components can impact manufacturing costs and margins.
Intense Competition: High competition from both domestic and international players can lead to pricing pressure and margin erosion.
Technological Obsolescence: Rapid advancements in industrial technology could render existing products less competitive if the company fails to innovate.
Supply Chain Disruptions: Global or domestic supply chain issues can affect production schedules and lead to delays.
Working Capital Management: The nature of project-based business can lead to extended credit cycles and strain on working capital.
Regulatory & Environmental Compliance: Evolving environmental and industrial regulations may require significant investments in compliance.
7. Management & Ownership
Specific information regarding the promoters, key management personnel, and detailed ownership structure of Ema India Ltd. is not readily available. In typical Indian companies, a promoter group usually holds a significant equity stake, providing long-term strategic direction. The quality and experience of the management team are crucial for navigating the cyclical and competitive engineering sector, ensuring operational efficiency, fostering innovation, and maintaining strong customer relationships. Without specific details, an assessment of management quality or ownership dynamics cannot be made.
8. Outlook
Ema India Ltd. operates in a sector poised for potential growth driven by India's broader industrialization and infrastructure push. The "Make in India" impetus and increasing industrial CAPEX present significant opportunities for equipment manufacturers. However, the company also faces inherent challenges typical of the engineering sector, including cyclical demand, intense competition, and volatility in raw material prices. Its ability to capitalize on growth drivers will depend on factors such as its technological capabilities, product diversification, cost efficiency, market penetration, and strength of customer relationships. The long-term outlook will be shaped by its capacity for innovation, operational execution, and effective management of industry-specific risks.
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Market Cap ₹68 Cr.
Stock P/E -110.1
P/B 15.3
Current Price ₹676.7
Book Value ₹ 44.1
Face Value 10
52W High ₹676.7
Dividend Yield 0%
52W Low ₹ 86.5
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 0 |
| Profit Before Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 8 | -0 | -1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -0 |
| Profit After Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 7 | -0 | -0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 7 | -0 | -0 |
| Adjusted Earnings Per Share | -1.4 | -1.3 | -1.4 | -1.1 | -1.6 | -2 | -1.2 | 68.6 | -1.2 | -4.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 2 | 1 | 2 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 1 |
| Operating Profit | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | -0 | 8 |
| Profit Before Tax | -1 | -0 | -1 | -0 | -0 | -1 | -0 | -0 | -1 | -1 | -1 | 7 |
| Provision for Tax | -0 | -0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | -0 | -0 | -3 | -0 | -0 | -1 | -0 | -0 | -1 | -1 | -1 | 7 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | -3 | -0 | -0 | -1 | -0 | -0 | -1 | -1 | -1 | 7 |
| Adjusted Earnings Per Share | -2.6 | -2.7 | -30.7 | -4.6 | -2 | -5.1 | -3.7 | -4 | -5.5 | -5.1 | -6.1 | 61.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -100% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 350% | 217% | 125% | 37% |
| ROE Average | 0% | 0% | -68% | -47% |
| ROCE Average | -1323% | -621% | -401% | -193% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 5 | 5 | 2 | 2 | 1 | 1 | 0 | -0 | -1 | -1 | -2 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -2 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 |
| Total Liabilities | 4 | 3 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 0 |
| Fixed Assets | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 3 | 3 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 4 | 3 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 0 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -0 | -0 | 0 | -1 | -0 | -1 | -0 | -0 | -0 | -0 | -1 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Financing Activities | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 1 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | -1 | 0 | -0 | -0 | 0 | -0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -2.55 | -2.73 | -30.69 | -4.58 | -1.95 | -5.09 | -3.68 | -4 | -5.54 | -5.13 | -6.15 |
| CEPS(Rs) | -0.91 | -1.47 | -30.09 | -4.24 | -1.61 | -4.42 | -3.05 | -3.38 | -4.94 | -4.54 | -5.57 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 52.16 | 49.43 | 22.96 | 18.85 | 14.54 | 7.53 | 3.51 | -0.58 | -6.11 | -11.24 | -17.38 |
| Core EBITDA Margin(%) | -32.28 | -42.16 | -63.64 | -658.22 | -3525.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT Margin(%) | -33.32 | -37.69 | -55.21 | -550.08 | -1352.53 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre Tax Margin(%) | -33.54 | -38.63 | -55.45 | -554.23 | -1353.22 | 0 | 0 | 0 | 0 | 0 | 0 |
| PAT Margin (%) | -16.2 | -25.6 | -223.46 | -554.23 | -1353.22 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Profit Margin (%) | -5.79 | -13.83 | -219.09 | -512.46 | -1116.33 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROA(%) | -6.49 | -8.32 | -106.91 | -19.39 | -10.37 | -37.8 | -39.73 | -52.8 | -92.59 | -100.61 | -158.24 |
| ROE(%) | -4.66 | -5.37 | -84.8 | -21.93 | -11.7 | -46.16 | -66.59 | -272.58 | 0 | 0 | 0 |
| ROCE(%) | -9.45 | -7.83 | -20.93 | -21.75 | -11.69 | -46.16 | -56.29 | -84.16 | -180.06 | -360.17 | -1322.7 |
| Receivable days | 26.1 | 25.67 | 7.59 | 4.16 | 12.33 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 270.6 | 357.13 | 156.62 | 652.41 | 3474.99 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 37.65 | 52.09 | 13.88 | 144.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0.4 | 0 | 0.91 | 1.4 | 1.17 | 0.44 | 1.87 | -47.82 | -3.89 | -2.56 | -7.47 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.29 | 0.7 | 1.21 | 34.06 | 113.64 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Core EBITDA(x) | -5.16 | -2.49 | -2.22 | -6.19 | -10.19 | -0.84 | -2.8 | -9.28 | -6.48 | -9.43 | -27.42 |
| Net Sales Growth(%) | -25.2 | -32.37 | 31.79 | -94.06 | -81.13 | -100 | 0 | 0 | 0 | 0 | 0 |
| EBIT Growth(%) | -31.76 | 23.46 | -88.83 | 39.99 | 57.11 | -160.99 | 28 | -9.02 | -38.45 | 7.35 | -19.85 |
| PAT Growth(%) | -10.12 | -6.94 | -1025.21 | 85.06 | 57.41 | -160.86 | 27.83 | -8.76 | -38.45 | 7.35 | -19.85 |
| EPS Growth(%) | -10.12 | -6.94 | -1025.21 | 85.06 | 57.41 | -160.86 | 27.83 | -8.76 | -38.45 | 7.35 | -19.85 |
| Debt/Equity(x) | 0.02 | 0 | 0 | 0 | 0 | 0 | 0.57 | -7.94 | -1.35 | -1.06 | -1.01 |
| Current Ratio(x) | 6.29 | 5.72 | 6.22 | 10.21 | 4 | 1.76 | 0.72 | 0.32 | 0.15 | 0.12 | 0.1 |
| Quick Ratio(x) | 3.87 | 3.39 | 5.8 | 9.42 | 3.46 | 1.18 | 0.45 | 0.25 | 0.11 | 0.09 | 0.1 |
| Interest Cover(x) | -146.57 | -40.18 | -226.18 | -132.68 | -1941.75 | 0 | -423.48 | 0 | 0 | 0 | 0 |
| Total Debt/Mcap(x) | 0.04 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.17 | 0.35 | 0.41 | 0.14 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 48.81 | 48.81 | 48.81 | 48.81 | 48.81 | 48.81 | 48.81 | 48.81 | 48.83 | 48.83 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Public | 51.12 | 51.12 | 51.12 | 51.12 | 51.12 | 51.12 | 51.12 | 51.12 | 51.1 | 51.1 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
* The pros and cons are machine generated.
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