Emami Realty Limited (EMAMIREAL)

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Emami Realty Limited (EMAMIREAL) · mywealthgrid

About

Emami Realty Limited operates in residential and commercial real estate projects within the consumer discretionary sector. A small-cap realty player with market cap ₹389.43 crore, the company has declined sharply, returning -31.09% over the past year across a 52-week range of ₹52.76–₹126.42.

Face value: ₹2

Market cap

₹349 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

-17.5%

Debt / equity

—

OPM

-157.6%

EPS (TTM)

₹-29.9

Book value

₹-47.7

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Operating losses are severe and widening: OPM of -157.61% overall, reaching -541.92% in Dec 2025, indicating costs far exceed revenue generation
Unprofitability is eroding capital: net losses of ₹16.79–₹65.89 crore per quarter on revenues of ₹4.89–₹73.09 crore; EPS negative at -3.27 to -15.03 across all quarters, destroying shareholder value
Revenue base is too small to cover costs: outside Mar 2026 (₹73 crore), typical quarterly revenue is ₹4–10 crore against losses of ₹16–37 crore; verify whether Mar 2026 was a one-time project or sustainable volume
Stock has declined 31% in one year from ₹126.42 high; verify cash burn runway and whether company has sufficient capital or debt headroom

Generated analysis · source review pending

Growth drivers

Mar 2026 revenue spike to ₹73 crore (versus typical ₹4–10 crore) demonstrates project execution capability; verify whether project pipeline sustains similar revenue volumes in quarters ahead
Real estate sector recovery would unlock market demand for residential and commercial projects; verify sector absorption rates, inventory levels, and policy support from government/RBI
Project completions would improve revenue recognition and cost absorption, moving toward margin recovery; verify project status and timelines
Improved financing availability and buyer affordability would accelerate absorption; verify lending environment, interest rate trends, and buyer purchasing power in operating geographies

Generated analysis · source review pending

2,496 historical price candles were omitted because the exchange source has not been verified.

₹67.1+0.3%1Y

Quick read

rule-based

Pros

+High promoter holding of 73.4% with no pledge

Cons

−Low return on equity of -167% (3-yr avg)
−Revenue shrank over the last 5 years (-13% a year)
−Weak interest coverage of -1.2×

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 0
Growth: 0
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	896	186	197	96	61	82	93
COGS	706	4	9	-49	-30	-72	-245
Gross profit	189	182	188	—	—	—	—
	174	66	147	173	200	240	485
	15	116	41	-28	-109	-85	-147
OPM %	1.7%	62.2%	21%	-28.8%	-177.9%	-103.8%	-157.5%
Depreciation	2	2	1	1	1	1	2
Interest	371	253	68	58	95	113	97
	187	145	45	35	38	53	28
Profit before tax	-171	6	17	-52	-168	-147	-218
Tax	-57	6	2	-14	-45	-21	-28
Tax %	-33.1%	90.5%	13.5%	-26%	-26.8%	-14.1%	-13%
	-114	1	15	-39	-123	-126	-189
PAT margin %	-12.8%	0.3%	7.7%	-40.2%	-200%	-153.4%	-203.4%
EPS (₹)	-41	0.2	4	-10.2	-32.5	-33.4	-43.5
EPS adjusted (₹)	-30.2	0.2	4	-10.2	-32.5	-33.4	-43.2
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	6	6	8	8	8	8	8	8	9
Reserves	14	9	154	157	106	105	120	80	-43	-169	-257
Minority interest	—	0	—	—	—	0	—	—	—	—	—
	909	905	1,527	1,917	2,181	1,671	1,526	1,587	1,914	1,904	2,001
	778	783	1,044	1,316	705	184	213	300	395	434	548
Total equity & liabilities	1,707	1,702	2,730	3,396	3,000	1,968	1,867	1,974	2,274	2,176	2,302
	1	1	2	1	2	22	27	27	28	28	28
CWIP	—	—	—	—	—	—	—	0	—	—	0
Investments	175	133	178	195	265	121	127	128	131	140	157
	1,531	1,568	2,550	3,199	2,733	1,826	1,714	1,819	2,115	2,008	2,116
Total assets	1,707	1,702	2,730	3,396	3,000	1,968	1,867	1,974	2,274	2,176	2,302

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	21.1%	97.6%	95.6%	—	—	—	—
EBITDA margin %	1.7%	62.2%	21%	-31.4%	-178.1%	-103.8%	-157.6%
EBIT margin %	1.5%	61.3%	20.4%	-32.7%	-180.1%	-105.4%	-159.3%
PAT margin %	-12.8%	0.3%	7.7%	-40.2%	-200%	-153.4%	-203.4%
Working capital
Receivable days	29	75	26	48	70	44	27
Inventory days	399	69,748	34,815	2,623	2,002	2,204	1,947
Payable days	0	1,389	189	11	11	7	8
NWC days	428	68,434	34,652	2,659	2,061	2,241	1,966
Leverage
Current ratio	1.29	1.17	1.15	1.82	1.51	1.42	1.16
Debt to EBITDA	141.92	14.42	37.06	—	—	—	—
Debt to equity	19.23	14.86	11.98	18.2	-53.66	-11.77	-8.07
Interest coverage	0.5	1	1.3	0.1	-0.8	-0.3	-1.2
Asset turnover	0.3	0.09	0.11	0.05	0.03	0.04	0.04
Return ratios
Return on assets %	-3.8%	0%	0.8%	-2%	-5.4%	-5.8%	-8.2%
Return on capital employed %	21.2%	39.2%	22.4%	0.5%	-7.8%	-4%	-17.5%
Return on equity %	-100.9%	0.5%	11.8%	-44.3%	344.5%	78.1%	76.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.46%	63.46%	63.46%	63.46%	63.46%	63.46%	63.46%	68.45%	68.45%	68.45%	68.45%	73.42%
	0.02%	0.01%	0.07%	0.19%	0.07%	0.15%	0%	0%	0.04%	0%	0%	0%
	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.08%	0.08%	0.08%	0.08%	0.07%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	36.42%	36.43%	36.37%	36.25%	36.37%	36.29%	36.44%	31.47%	31.43%	31.47%	31.47%	26.51%
No. of shareholders	—	—	—	—	—	—	—	—	26,224	26,050	25,748	25,731

Promoter holding up 9.96 percentage points since Sep 2023.

10 deals · 15 Dec 2022 – 27 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Apr 2026	ADITYA DEORAH	Bulk	NSE	Sell	2,28,368	₹102.10	₹2.33 Cr
11 Dec 2024	LAROIA MONA	Bulk	NSE	Buy	2,00,000	₹157.16	₹3.14 Cr
5 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,55,697	₹144.43	₹3.69 Cr
5 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,55,697	₹144.42	₹3.69 Cr
20 Oct 2023	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	2,22,384	₹91.68	₹2.04 Cr
20 Oct 2023	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	80,914	₹91.30	₹0.74 Cr
16 Dec 2022	VEENA RAJESH SHAH	Bulk	NSE	Sell	2,86,515	₹83.90	₹2.40 Cr
16 Dec 2022	VEENA RAJESH SHAH	Bulk	NSE	Buy	2,86,515	₹84.18	₹2.41 Cr
15 Dec 2022	VEENA RAJESH SHAH	Bulk	NSE	Sell	3,71,548	₹84.71	₹3.15 Cr
15 Dec 2022	VEENA RAJESH SHAH	Bulk	NSE	Buy	3,71,548	₹82.64	₹3.07 Cr

1–10 of 10

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Amit Kiran DebNon-Executive - Independent Director-Chairperson
Ms. Ishani RayNon-Executive - Independent Director
Mr. Basant Kumar ParakhNon-Executive - Non Independent Director
Mr. Rajesh BansalExecutive Director
Mr. Nitesh Kumar GuptaExecutive Director
Mr. Rajendra AgarwalPresident Finance& Chief Financial Officer
Mrs. Payel AgarwalCompany Secretary and Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Emami Realty Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

30 Sept 2026, 2:49 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	21.1%	97.6%	95.6%	—	—	—	—
EBITDA margin %	1.7%	62.2%	21%	-31.4%	-178.1%	-103.8%	-157.6%
EBIT margin %	1.5%	61.3%	20.4%	-32.7%	-180.1%	-105.4%	-159.3%
PAT margin %	-12.8%	0.3%	7.7%	-40.2%	-200%	-153.4%	-203.4%
Working capital
Receivable days	29	75	26	48	70	44	27
Inventory days	399	69,748	34,815	2,623	2,002	2,204	1,947
Payable days	0	1,389	189	11	11	7	8
NWC days	428	68,434	34,652	2,659	2,061	2,241	1,966
Leverage
Current ratio	1.29	1.17	1.15	1.82	1.51	1.42	1.16
Debt to EBITDA	141.92	14.42	37.06	—	—	—	—
Debt to equity	19.23	14.86	11.98	18.2	-53.66	-11.77	-8.07
Interest coverage	0.5	1	1.3	0.1	-0.8	-0.3	-1.2
Asset turnover	0.3	0.09	0.11	0.05	0.03	0.04	0.04
Return ratios
Return on assets %	-3.8%	0%	0.8%	-2%	-5.4%	-5.8%	-8.2%
Return on capital employed %	21.2%	39.2%	22.4%	0.5%	-7.8%	-4%	-17.5%
Return on equity %	-100.9%	0.5%	11.8%	-44.3%	344.5%	78.1%	76.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

Date	Category	Subject	Filing
30 Sept 2026, 2:49 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 2:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
29 Sept 2026, 2:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 11:18 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
11 Sept 2026, 6:26 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')	PDF
11 Sept 2026, 6:07 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
8 Sept 2026, 4:10 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 6:07 pm	Corp. Action Book Closure	Book Closure For The Purpose Of AGM	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	237	-266	-190	-184	583	-165	117	73	-36	-75	-196
	-212	56	-131	-164	-16	1,204	93	-67	-189	184	96
	-21	183	187	25	-562	-1,041	-213	-0	232	-124	103
Net cash flow	4	-27	-134	-324	6	-2	-3	6	7	-15	3
Free cash flow	235	-266	-190	-187	583	-169	117	72	-37	-76	-198
CFO / Operating profit %	—	—	—	—	—	-142.5%	284.5%	—	—	—	—

Emami Realty Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Return on equity

Emami Realty Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1