Ems Limited operates in waste management, utilities. ₹2,012.99 Cr market cap, ₹83–₹200 Cr quarterly revenue, 19% operating margins. Promoter-held 69.7%.
Generated analysis · source review pending
Generated analysis · source review pending
743 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 37.2% | 33.3% | 30.9% | 31.4% | 31% |
| EBITDA margin % | 31.3% | 27.9% | 25.7% | 26% | 19.2% |
| EBIT margin % | 30.6% | 27.2% | 24.9% | 25% | 17.8% |
| PAT margin % | 21.9% | 20.2% | 19.2% | 19% | 12.4% |
| Working capital | |||||
| Receivable days | 118 | 37 | 112 | 142 | 193 |
| Inventory days | 87 | 107 | 59 | 27 | 163 |
| Payable days | 69 | 16 | 5 | 8 | 24 |
| NWC days | 136 | 128 | 165 | 161 | 332 |
| Leverage | |||||
| Current ratio | 3.49 | 5.41 | 6.14 | 8.15 | 5.14 |
| Debt to EBITDA | 0.03 | 0.3 | 0.35 | 0.34 | 1.1 |
| Debt to equity | 0.01 | 0.09 | 0.09 | 0.09 | 0.15 |
| Interest coverage | 19.7 | 39.5 | 33.9 | 30.5 | 10.8 |
| Asset turnover | 0.71 | 0.84 | 0.82 | 0.83 | 0.55 |
| Return ratios | |||||
| Return on assets % | 15.6% | 17% | 15.7% | 15.8% | 6.9% |
| Return on capital employed % | 28.5% | 31.6% | 29.5% | 26.3% | 12.7% |
| Return on equity % | 20.6% | 22.2% | 19.1% | 18.8% | 8.6% |
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.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | |
| 7.23% | 4.09% | 2.78% | 0.88% | 0.76% | 0.66% | 0.19% | 0.17% | 0.15% | 0.21% | 0.41% | 0.14% | |
| 1.78% | 1.45% | 1.43% | 1.58% | 1.08% | 0.4% | 0.61% | 0.4% | 0.35% | 0.04% | 0.04% | 0.05% | |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 21.29% | 24.76% | 26.09% | 27.84% | 28.46% | 29.24% | 29.5% | 29.73% | 29.8% | 30.05% | 29.85% | 30.11% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 1,28,706 | 1,24,117 | 1,19,086 | 1,20,731 |
Promoter holding up 0 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 2 Sept 2026 | MICROCURVES TRADING PRIVATE LIMITED | Bulk | NSE | Buy | 4,67,743 | ₹399.52 | ₹18.69 Cr |
| 2 Sept 2026 | MICROCURVES TRADING PRIVATE LIMITED | Bulk | NSE | Sell | 4,67,743 | ₹399.77 | ₹18.70 Cr |
| 2 Sept 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | Bulk | NSE | Sell | 4,09,097 | ₹397.62 | ₹16.27 Cr |
| 2 Sept 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | Bulk | NSE | Buy | 4,01,057 | ₹397.31 | ₹15.93 Cr |
| 2 Sept 2026 | QE SECURITIES LLP | Bulk | NSE | Buy | 3,11,303 | ₹395.49 | ₹12.31 Cr |
| 2 Sept 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | Bulk | NSE | Buy | 3,05,307 | ₹397.66 | ₹12.14 Cr |
| 2 Sept 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | Bulk | NSE | Sell | 3,05,307 | ₹397.87 | ₹12.15 Cr |
| 2 Sept 2026 | QE SECURITIES LLP | Bulk | NSE | Sell | 2,92,163 | ₹399.33 | ₹11.67 Cr |
| 25 Jun 2026 | HRTI PRIVATE LIMITED | Bulk | NSE | Sell | 3,17,403 | ₹422.71 | ₹13.42 Cr |
| 25 Jun 2026 | HRTI PRIVATE LIMITED | Bulk | NSE | Buy | 2,85,714 | ₹422.60 | ₹12.07 Cr |
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
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.
Documents link to external sources (exchange filings, company investor pages).
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under Regulation 30 (LODR)-Newspaper Publication
Announcement Under Regulation 30 (LODR)- Receipt Of Lowest Bidder (L-1) Status Awarded By Government Of Rajasthan
Announcement Under Regulation 30 (LODR)
Business Responsibility and Sustainability Reporting (BRSR)
| Date | Category | Subject | Filing |
|---|---|---|---|
| 28 Sept 2026, 5:46 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Scrutinizer''s Report | |
| 28 Sept 2026, 2:00 pm | Insider Trading / SAST Closure of Trading Window | Closure of Trading Window | |
| 9 Sept 2026, 12:32 pm | Company Update Award of Order / Receipt of Order | Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order | |
| 3 Sept 2026, 10:04 am | Company Update Press Release / Media Release | Announcement under Regulation 30 (LODR)-Press Release / Media Release | |
| 2 Sept 2026, 5:30 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication | |
| 1 Sept 2026, 7:29 pm | Company Update General | Announcement Under Regulation 30 (LODR)- Receipt Of Lowest Bidder (L-1) Status Awarded By Government Of Rajasthan | |
| 1 Sept 2026, 5:02 pm | Company Update General | Announcement Under Regulation 30 (LODR) | |
| 1 Sept 2026, 12:02 pm | Others Business Responsibility and Sustainability Reporting (BRSR) | Business Responsibility and Sustainability Reporting (BRSR) |
2 schemes
| Shares | ||||||
|---|---|---|---|---|---|---|
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 2,202 | 0.08 | 0.18% | 0.004% | +260 |
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 49 | 0 | 0% | 0% | -0 |
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Refex Industries LimitedREFEXREFEX | ₹3,722 Cr | ₹3,884 Cr | ₹2,853 Cr | ₹427 Cr | 15.7% | ₹246 Cr | 9% | 23.2% | 15% | 65 |
| Ems LimitedEMSLIMITEDEMSLIMITED | ₹1,840 Cr | ₹1,994 Cr | ₹651 Cr | ₹111 Cr | 19.2% | ₹68 Cr | 12.4% | 12.7% | 8.9% | 332 |
| Antony Waste Handling Cell LimitedAWHCLAWHCL | ₹1,009 Cr | ₹1,435 Cr | ₹1,067 Cr | ₹187 Cr | 19.5% | ₹58 Cr | 8.7% | 11.6% | 10.8% | -3,362 |
| Eco Recycling LtdECORECOECORECO | ₹750 Cr | ₹750 Cr | ₹48 Cr | ₹29 Cr | 59.7% | ₹24 Cr | 49.3% | — | — | — |
| Concord Enviro Systems LimitedCEWATERCEWATER | ₹525 Cr | ₹676 Cr | ₹541 Cr | ₹16 Cr | 6.6% | ₹-7 Cr | 3.5% | 8.2% | 3.6% | 244 |
| VVIP Infratech LtdVVIPILVVIPIL | ₹357 Cr | — | ₹346 Cr | ₹72 Cr | 20.7% | ₹30 Cr | 8.7% | — | — | — |
| Organic Recycling Systems LtdORGANICRECORGANICREC | ₹209 Cr | ₹244 Cr | ₹44 Cr | ₹7 Cr | 15% | ₹4 Cr | 9.2% | 2.8% | 2.7% | 297 |
| Race Eco Chain LimitedRACERACE | ₹196 Cr | ₹286 Cr | ₹653 Cr | ₹15 Cr | 2.3% | ₹8 Cr | 1.2% | 16.9% | 10% | 43 |
| GEM Enviro Management LtdGEMENVIROGEMENVIRO | ₹81 Cr | — | ₹96 Cr | ₹5 Cr | 5.6% | ₹5 Cr | 4.9% | — | — | — |
| EP Biocomposites LtdEPBIOEPBIO | ₹15 Cr | — | ₹14 Cr | ₹2 Cr | 16.4% | ₹1 Cr | 10.7% | — | — | — |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| 360 | 538 | 793 | 966 | 733 | |
| COGS | 226 | 359 | 548 | 662 | 506 |
| Gross profit | 134 | 179 | 245 | 303 | 227 |
| 21 | 29 | 41 | 52 | 86 | |
| 113 | 150 | 204 | 251 | 140 | |
| OPM % | 31.3% | 27.9% | 25.7% | 26% | 19.2% |
| Depreciation | 3 | 3 | 7 | 10 | 10 |
| Interest | 6 | 4 | 6 | 8 | 13 |
| 3 | 5 | 16 | 16 | 12 | |
| Profit before tax | 108 | 148 | 207 | 249 | 129 |
| Tax | 29 | 39 | 54 | 65 | 38 |
| Tax % | 26.8% | 26.4% | 26.2% | 26.2% | 29.4% |
| 79 | 109 | 153 | 184 | 91 | |
| PAT margin % | 21.9% | 20.2% | 19.2% | 19% | 12.4% |
| EPS (₹) | 67.1 | 23.2 | 29.4 | 33.1 | 16.3 |
| EPS adjusted (₹) | 66.4 | 22.9 | 27.4 | 33.1 | 16.3 |
| 0% | 0% | 6.8% | 4.5% | 9.2% | |
| Annual report | — | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 12 | 47 | 56 | 56 | 56 |
| Reserves | — | 293 | 371 | 444 | 743 | 920 | 1,000 |
| Minority interest | — | 0 | 1 | 2 | 2 | 3 | 3 |
| — | 3 | 4 | 45 | 71 | 86 | 154 | |
| 15 | 68 | 117 | 103 | 99 | 101 | 118 | |
| Total equity & liabilities | 27 | 376 | 505 | 641 | 970 | 1,165 | 1,331 |
| 27 | 29 | 43 | 44 | 72 | 69 | 93 | |
| CWIP | — | 3 | 0 | 4 | 0 | 0 | 37 |
| Investments | — | 8 | 10 | 12 | 32 | 45 | 40 |
| — | 336 | 452 | 581 | 866 | 1,052 | 1,160 | |
| Total assets | 27 | 376 | 505 | 641 | 970 | 1,165 | 1,331 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Contractor | 633.83 | 141.69 | 1,232.23 | 173.36 | 1,058.87 | 13.38 |
| Manufacturing of flex sheets and paper products | 98.92 | 0.78 |
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| 28 | -12 | -116 | 34 | -15 | |
| -12 | -5 | -70 | 19 | -60 | |
| -5 | 38 | 176 | 1 | -2 | |
| Net cash flow | 11 | 21 | -9 | 54 | -77 |
| Free cash flow | 19 | -21 | -149 | 27 | -88 |
| CFO / Operating profit % | 24.5% | -8.2% | -56.9% | 13.4% | -10.6% |
| 98.45 |
| 99.04 |
| — |
| — |
₹ crore by fiscal year