Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹184 Cr.
Stock P/E
14.8
P/B
1.2
Current Price
₹81.5
Book Value
₹ 68.1
Face Value
5
52W High
₹104.1
52W Low
₹ 65.3
Dividend Yield
0%

EMA Partners India Overview

Business

EMA Partners India Ltd. operates in the professional services sector, primarily focusing on executive search and leadership consulting. The company's core business model revolves around identifying, assessing, and placing senior-level executives and board members for client organizations across various industries. They leverage their deep industry knowledge and extensive professional networks to match suitable candidates with critical leadership roles. Revenue is primarily generated through fees charged to clients for successful placements and potentially for retained search assignments or consulting projects. As part of EMA Partners International, they also benefit from a global network and best practices.

Revenue Mix

The primary and predominant segment for EMA Partners India Ltd. is Executive Search. This involves C-suite and senior management placements. While they may offer ancillary services like leadership assessment, talent mapping, or board advisory, these are typically integrated into or complementary to their core executive search offerings. Publicly available information typically indicates a highly concentrated revenue mix dominated by executive search services.

Industry

The company operates within the highly competitive Executive Search and Leadership Consulting industry in India. This industry is characterized by a mix of large global players (e.g., Korn Ferry, Spencer Stuart, Egon Zehnder, Russell Reynolds Associates) and numerous local boutique firms. EMA Partners India Ltd. positions itself as a strong regional player, combining local market expertise with the global reach and methodologies of EMA Partners International. They typically compete on the basis of industry specialization, consultant expertise, network breadth, and client relationships, often targeting mid-to-large corporate clients seeking specialized leadership talent.

MOAT

Brand & Reputation: A well-established brand and strong reputation for successful placements are crucial in executive search, fostering client trust and candidate confidence. Being part of a global network (EMA Partners International) reinforces this.

Expertise & Network: Deep industry knowledge of consultants and an extensive network of senior-level candidates and client relationships provide a significant advantage. This intellectual capital is hard to replicate quickly.

Client Relationships: Long-term relationships with corporate clients, often based on repeated successful assignments, can create stickiness and repeat business.

Global Reach (through network): Access to global talent pools and best practices via the EMA Partners International network differentiates them from purely local firms.

Growth Drivers

Indian Economic Growth: A robust and growing Indian economy drives corporate expansion and new investments, leading to increased demand for senior leadership talent across sectors.

Talent Scarcity & Specialization: The growing complexity of businesses and the demand for highly specialized skills (e.g., digital transformation, AI, ESG) create a premium for expert executive search services.

Corporate Restructuring & Mergers: M&A activities and organizational restructuring often lead to a need for new leadership or realignment of existing talent.

Globalization of Indian Businesses: As Indian companies expand globally, there's increased demand for leaders with international experience and cross-cultural acumen.

Focus on Governance: Greater emphasis on corporate governance and board effectiveness drives demand for independent directors and board advisory services.

Risks

Economic Downturn: The executive search industry is highly sensitive to economic cycles. A slowdown can lead to reduced hiring budgets and lower demand for senior placements.

Intense Competition: The market is crowded with both global giants and niche local players, leading to pricing pressure and the need for continuous differentiation.

Talent Availability: Challenges in identifying and attracting the right caliber of candidates can impact placement success rates and client satisfaction.

Reliance on Key Personnel: The business is heavily dependent on the expertise, networks, and reputation of its senior consultants. Loss of key talent can significantly impact operations.

Reputational Risk: Failed placements, ethical issues, or negative publicity can severely damage the company's brand and client relationships.

Fee Pressure: Clients may exert pressure to reduce fees, impacting profitability margins.

Management & Ownership

EMA Partners India Ltd. is promoted by individuals with significant experience in the executive search and leadership consulting industry, leveraging their long-standing expertise and networks. As a publicly listed entity on the BSE SME platform, it has promoter ownership alongside public and potentially institutional shareholdings. The management team typically comprises seasoned professionals with deep industry domain knowledge, who play a crucial role in maintaining client relationships and driving business development. The quality of management is often reflected in their ability to attract and retain top consulting talent and secure high-profile mandates.

Outlook

EMA Partners India Ltd. is well-positioned to capitalize on India's continued economic growth and the evolving talent landscape, which will likely fuel demand for specialized leadership. Its affiliation with the EMA Partners International network provides a competitive edge in terms of global reach and best practices. However, the company operates in a highly competitive and cyclical industry, where success is heavily reliant on the quality of its consultants and the strength of its client relationships. An economic downturn or inability to attract and retain top talent could pose significant challenges, while sustained growth in corporate hiring and strategic investments in talent development would be favorable tailwinds.

EMA Partners India Share Price

Live · NSE · Inception: 2003
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

EMA Partners India Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

EMA Partners India Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 57 50 67 74
Other Income 1 1 2 5
Total Income 58 51 70 79
Total Expenditure 43 46 52 61
Operating Profit 15 5 18 18
Interest 0 0 0 1
Depreciation 1 1 1 2
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 14 4 17 16
Provision for Tax 2 1 2 3
Profit After Tax 11 3 15 12
Adjustments -0 0 -0 0
Profit After Adjustments 11 3 14 13
Adjusted Earnings Per Share 5.6 1.8 8.4 5.4

EMA Partners India Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 39 40 54 138
Minority's Interest 1 1 1 0
Borrowings 3 0 7 1
Other Non-Current Liabilities 1 1 0 1
Total Current Liabilities 14 12 14 16
Total Liabilities 59 53 77 154
Fixed Assets 10 9 13 20
Other Non-Current Assets 7 6 12 5
Total Current Assets 42 38 52 129
Total Assets 59 53 77 154

EMA Partners India Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 19 15 15
Cash Flow from Operating Activities 8 3 12 13
Cash Flow from Investing Activities -3 -1 -18 -79
Cash Flow from Financing Activities -1 -6 7 63
Net Cash Inflow / Outflow 4 -4 1 -4
Closing Cash & Cash Equivalent 19 15 15 11

EMA Partners India Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.61 1.81 8.4 5.43
CEPS(Rs) 6.1 2.24 9.28 6.23
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 19.62 23.5 31.78 58.72
Core EBITDA Margin(%) 24.83 8.16 23.4 18.07
EBIT Margin(%) 25.05 8.24 25.13 22.17
Pre Tax Margin(%) 24.25 7.84 24.79 21.38
PAT Margin (%) 20.16 5.86 21.72 16.83
Cash Profit Margin (%) 21.53 7.61 23.44 19.59
ROA(%) 19.63 5.25 22.51 10.77
ROE(%) 29.11 7.4 31.11 13.06
ROCE(%) 32.92 9.86 33.12 16.36
Receivable days 88.68 96.42 85.23 78.82
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 20.35
Price/Book(x) 0 0 0 1.88
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.27 -0.28 -0.21 2.61
EV/Core EBITDA(x) -1 -2.8 -0.77 10.46
Net Sales Growth(%) 0 -11.96 34.21 9.86
EBIT Growth(%) 0 -71.03 309.19 -3.07
PAT Growth(%) 0 -74.42 397.79 -14.9
EPS Growth(%) 0 -67.8 364.97 -35.38
Debt/Equity(x) 0.1 0.01 0.14 0.01
Current Ratio(x) 2.93 3.23 3.56 8.21
Quick Ratio(x) 2.93 3.23 3.56 8.21
Interest Cover(x) 31.25 20.31 72.77 28.02
Total Debt/Mcap(x) 0 0 0 0.01

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +10% +9% — —
Operating Profit CAGR 0% +6% — —
PAT CAGR -20% +3% — —
Share Price CAGR -17% — — —
ROE Average +13% +17% +20% +20%
ROCE Average +16% +20% +23% +23%

EMA Partners India Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 63.55 %
FII 0.11 %
DII (MF + Insurance) 14.58 %
Public (retail) 21.75 %
Others 0.01 %
# Mar 2025 Sep 2025 Mar 2026
Promoter 63.3863.5563.55
FII 1.90.110.11
DII 9.5214.2814.58
Public 25.222.0521.75
Others 000
Total 100100100

EMA Partners India Peer Comparison

Professional Services Edit Columns

EMA Partners India Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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EMA Partners India Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

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