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Emami Overview

Emami Ltd is a FMCG company. The Company is engaged in production and advertising personal care and healthcare merchandise. The Company's operating segments are Home Care and Personal. Its portfolio of household brand names which includes Zandu Balm, Navratna, Kesh King, Zandu Pancharishta, Boro Plus, Navratna, Fair and Handsome, fast relief, 7oils in one, Diamond shine, Emami golden beauty, Emami naturally fair, Mentho Plus Balm, Emami Emasol, Creme21 and others. It also offers BoroPlus Hygiene variety, EMASOL Home Hygiene, BoroPlus Organic Al...Read More

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Emami Key Financials

Market Cap ₹21786 Cr.

Stock P/E 27.1

P/B 6.7

Current Price ₹499.1

Book Value ₹ 74.5

Face Value 1

52W High ₹655.4

Dividend Yield 2%

52W Low ₹ 470

Emami Share Price

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Volume
Price

Emami Quarterly Price

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Emami Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 865 996 891 906 891 1049 963 904 799 1152
Other Income 11 17 11 10 22 15 21 22 21 19
Total Income 876 1013 902 917 912 1064 984 926 820 1171
Total Expenditure 631 681 680 690 640 711 744 690 620 768
Operating Profit 245 332 222 227 272 354 241 236 200 403
Interest 2 3 3 2 2 2 3 2 3 3
Depreciation 46 46 48 44 45 46 44 45 45 45
Exceptional Income / Expenses 0 -6 0 0 0 0 0 0 0 -10
Profit Before Tax 196 277 171 180 225 306 194 189 152 345
Provision for Tax 16 15 22 28 9 22 32 23 2 26
Profit After Tax 181 262 148 153 216 283 163 166 150 319
Adjustments -2 -3 1 -0 -3 -4 -1 -2 -2 0
Profit After Adjustments 179 258 149 153 213 279 162 164 148 319
Adjusted Earnings Per Share 4.1 5.9 3.4 3.5 4.9 6.4 3.7 3.8 3.4 7.3

Emami Profit & Loss

#(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 2217 2358 2488 2531 2695 2655 2881 3187 3406 3578 3809 3818
Other Income 182 109 89 96 35 57 70 95 69 47 68 83
Total Income 2400 2468 2577 2627 2730 2712 2951 3282 3475 3625 3877 3901
Total Expenditure 1768 1736 1787 1888 1967 1964 1997 2235 2543 2629 2784 2822
Operating Profit 632 732 790 739 762 748 953 1048 932 996 1093 1080
Interest 5 54 58 34 21 21 13 5 7 10 9 11
Depreciation 34 255 309 311 325 336 367 335 247 186 178 179
Exceptional Income / Expenses 0 0 0 0 -10 -11 0 -5 0 -6 0 -10
Profit Before Tax 592 423 424 393 403 374 569 688 670 791 894 880
Provision for Tax 107 60 84 86 101 71 114 -149 42 67 91 83
Profit After Tax 485 363 340 306 303 302 455 837 627 724 803 798
Adjustments 0 0 0 1 1 1 -0 2 12 -1 4 -5
Profit After Adjustments 486 364 340 307 303 303 455 839 640 724 806 793
Adjusted Earnings Per Share 10.7 8 7.5 6.8 6.7 6.7 10.2 19 14.5 16.6 18.5 18.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 6% 7% 6%
Operating Profit CAGR 10% 1% 8% 6%
PAT CAGR 11% -1% 22% 5%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -13% 7% 0% -0%
ROE Average 31% 30% 32% 27%
ROCE Average 34% 32% 32% 29%

Emami Balance Sheet

#(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 1231 1612 1755 2014 2076 1824 1763 2077 2303 2447 2695
Minority's Interest 5 4 1 1 -0 -1 -1 -2 10 11 -1
Borrowings 2 300 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 53 42 65 70 63 64 58 -216 -290 -375 -463
Total Current Liabilities 387 735 782 714 680 792 700 916 724 759 779
Total Liabilities 1676 2692 2603 2798 2819 2678 2520 2774 2746 2842 3010
Fixed Assets 453 1918 1940 1746 1625 1405 1079 1290 1192 1062 933
Other Non-Current Assets 80 269 222 351 344 240 314 411 267 362 343
Total Current Assets 1143 505 441 701 849 1033 1127 1073 1287 1418 1734
Total Assets 1676 2692 2603 2798 2819 2678 2520 2774 2746 2842 3010

Emami Cash Flow

#(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 268 350 101 28 16 116 11 20 28 47 53
Cash Flow from Operating Activities 534 562 730 588 554 531 922 644 749 779 896
Cash Flow from Investing Activities -234 -1306 -297 -279 -23 -228 -227 -235 -113 -205 -340
Cash Flow from Financing Activities -215 502 -496 -324 -428 -405 -688 -402 -608 -563 -500
Net Cash Inflow / Outflow 85 -243 -64 -15 103 -102 6 7 28 11 56
Closing Cash & Cash Equivalent 350 101 28 16 116 11 20 28 47 53 105

Emami Ratios

# 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) 10.7 8.01 7.5 6.77 6.68 6.68 10.23 19.02 14.5 16.58 18.48
CEPS(Rs) 11.45 13.61 14.29 13.6 13.83 14.09 18.48 26.55 19.83 20.85 22.47
DPS(Rs) 7 7 7 7 4 4 8 8 8 8 10
Book NAV/Share(Rs) 27.11 35.5 38.66 44.36 45.73 40.24 39.65 47.07 52.2 56.05 61.74
Core EBITDA Margin(%) 19.92 25.97 27.74 25.3 26.99 26.01 30.66 29.88 25.33 26.54 26.91
EBIT Margin(%) 26.48 19.89 19.05 16.8 15.77 14.86 20.21 21.75 19.88 22.38 23.71
Pre Tax Margin(%) 26.25 17.63 16.76 15.45 14.97 14.07 19.75 21.59 19.66 22.1 23.47
PAT Margin (%) 21.51 15.14 13.45 12.05 11.23 11.39 15.79 26.25 18.42 20.24 21.07
Cash Profit Margin (%) 23.03 25.78 25.66 24.29 23.3 24.05 28.52 36.75 25.68 25.43 25.75
ROA(%) 32.6 16.62 12.84 11.34 10.77 11 17.49 31.61 22.73 25.92 27.44
ROE(%) 44.89 25.55 20.2 16.26 14.79 15.5 25.36 43.58 28.65 30.49 31.23
ROCE(%) 53.44 26.87 21.36 18.69 18.77 18.7 29.94 33.04 28.7 32.76 34.28
Receivable days 14.64 17.71 16.45 18.17 25.21 36.05 34.2 31.65 39.41 46.35 45.3
Inventory Days 21.66 21.1 23.8 26.8 28.15 32.06 34.54 37.68 36.74 33.23 30.26
Payable days 78.67 99.31 100 96.16 105.46 128.28 132.6 129.16 123.94 135.51 136.04
PER(x) 46.99 58.11 70.33 78.92 59.88 25.43 47.67 23.55 24.72 25.88 31.37
Price/Book(x) 18.54 13.11 13.65 12.04 8.75 4.22 12.3 9.51 6.87 7.65 9.39
Dividend Yield(%) 0.7 0.75 0.66 0.66 1 2.35 1.64 1.79 2.23 1.87 1.73
EV/Net Sales(x) 10.15 9.2 9.79 9.68 6.7 2.94 7.43 6.24 4.61 5.19 6.59
EV/Core EBITDA(x) 35.61 29.64 30.83 33.14 23.7 10.43 22.46 19 16.85 18.65 22.95
Net Sales Growth(%) 21.78 6.36 5.5 1.7 6.48 -1.48 8.5 10.65 6.86 5.06 6.46
EBIT Growth(%) 29.2 -20.21 1.01 -11.37 -0.48 -7.12 47.55 19.05 -2.33 18.3 12.79
PAT Growth(%) 20.63 -25.21 -6.35 -9.91 -1.23 -0.08 50.41 84 -25.01 15.42 10.86
EPS Growth(%) 20.66 -25.14 -6.36 -9.78 -1.27 0.06 53.03 85.92 -23.77 14.33 11.46
Debt/Equity(x) 0.03 0.42 0.27 0.16 0.05 0.12 0.05 0.13 0.03 0.03 0.02
Current Ratio(x) 2.96 0.69 0.56 0.98 1.25 1.3 1.61 1.17 1.78 1.87 2.22
Quick Ratio(x) 2.63 0.48 0.33 0.71 0.92 1 1.18 0.78 1.32 1.44 1.83
Interest Cover(x) 116.24 8.82 8.3 12.44 19.85 18.78 43.87 136.62 91.58 80.26 96.73
Total Debt/Mcap(x) 0 0.03 0.02 0.01 0.01 0.03 0 0.01 0 0 0

Emami Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 54.84 54.84 54.84 54.84 54.84 54.84 54.84 54.84 54.84 54.84
FII 11.91 12.86 13.46 14.02 14.38 14.11 12.11 11.89 10.93 9.03
DII 25.21 23.95 22.07 21.61 21.5 21.7 23.67 24.06 25.01 26.73
Public 8.03 8.34 9.63 9.52 9.27 9.35 9.38 9.2 9.21 9.39
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Emami News

Emami Pros & Cons

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 135.51 to 136.04days.
  • Stock is trading at 6.7 times its book value.
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