Emami (EMAMILTD) had a P/E of 22.7× on 6 Nov 2026, below the industry P/E of 28.7×, and the shares are 30% below their 52-week high. Sales and net profit grew 3.7% and 6.6% a year over 3 years, with ROCE of 29% and ROE of 26%. It carries very little debt, and its dividend yield is 2.6%. It is a small-cap company with a market cap of ₹16,619 Cr, ranked 9th of 34 Household & Personal Products companies by market cap; the shares fell 28% over the past year.
- ₹385.00
- ₹392.90
- ₹380.10
- ₹388.05
- 5.5 L
Health check
- ReturnsBehind
−27.8% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 22.7 vs industry 28.7.
- GrowthSlow
Sales +3.7%, profit +6.6% a year over 3 years.
- ProfitabilityAverage
ROCE 28.6% vs peer median 30.8%.
- Balance sheetSolid
Debt 0.08× equity, interest covered 77.0×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹16,619 Cr
- Small cap
- P/E
- 22.7
- Industry 28.7
- Price to book
- 5.78
- Peers 24.59
- Dividend yield
- 2.58%
- ROE
- 25.5%
- Peers 27.3%
- ROCE
- 28.6%
- Peers 30.8%
- Debt to equity
- 0.08
- Debt ₹231 Cr
- EPS (TTM)
- ₹17.05
- Face value ₹1
- OPM (TTM)
- 24.2%
- Net margin 17.7%
- Sales growth
- +36.2%
- Latest quarter vs a year ago
- Profit growth
- −2.8%
- Latest quarter vs a year ago
- Price to sales
- 3.95
- EV/EBITDA 16.6
Strengths and risks
Strengths
- Return on equity of 25.5%.
- Return on capital employed of 28.6%.
- Practically debt-free.
- Dividend yield of 2.58%.
- Quarterly sales up 36.2% on a year ago.
About Emami
Emami Limited, together with its subsidiaries, manufactures and markets personal and healthcare products in India and internationally. The company offers antiseptic creams, body lotions, soaps, aloe vera gels, petroleum jellies, prickly heat powders, and all-season creams under the BoroPlus brand; cool oils and talcs under the Navratna brand; ayurvedic products for pain management, immunity, digestive health, and bone and joint health, as well as pain…
- Headquarters
- Kolkata
- Employees
- 3,097
- Sector
- Consumer Defensive
- ISIN
- INE548C01032
- Website
- emamiltd.in
Price range
- Avg volume (3M)
- 14.7 L
- 1-year return
- minus 27.8%
- From 52-week high
- minus 29.7%
Analyst consensus
Next results expected around 4 Feb 2027
Peers · Household & Personal Products
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HINDUNILVRHindustan Unilever | 1,998.40 | plus 0.83% | 4,69,542 | 44.4 | 9.62 | 22.2% | 21.6% | 23.1% | 2.3% | 14.1% | 2.05% | minus 19.0% |
| MARICOMarico | 897.75 | plus 1.13% | 1,16,527 | 57.7 | 24.59 | 38.8% | 44.9% | 17.4% | 11.8% | 10.6% | 0.45% | plus 23.8% |
| GODREJCPGodrej Consumer Products | 851.00 | minus 1.36% | 87,097 | 44.0 | 6.90 | 21.3% | 16.0% | 20.2% | 4.6% | 3.0% | 2.35% | minus 25.8% |
| DABURDabur India | 380.35 | minus 1.21% | 67,477 | 33.4 | 5.87 | 20.8% | 17.2% | 18.5% | 4.5% | 3.5% | 2.17% | minus 25.5% |
| COLPALColgate Palmolive (India) | 1,679.00 | minus 0.53% | 45,666 | 33.5 | 28.23 | 107.4% | 85.1% | 30.1% | 4.9% | 8.2% | 2.86% | minus 23.0% |
| CUPIDCupid | 338.90 | minus 0.69% | 45,571 | 338.9 | 100.95 | 30.8% | 27.3% | 35.4% | 31.2% | 50.8% | 0.00% | plus 607.7% |
| GILLETTEGillette India | 7,406.50 | minus 0.17% | 24,134 | 36.1 | 25.50 | 84.6% | 68.2% | 30.2% | – | – | 2.43% | minus 15.3% |
| EMAMILTDEmami | 387.20 | minus 0.22% | 16,619 | 22.7 | 5.78 | 28.6% | 25.5% | 24.2% | 3.7% | 6.6% | 2.58% | minus 27.8% |
| Median of 7 peers | – | −0.53% | 67,477 | 44.0 | 24.59 | 30.8% | 27.3% | 23.1% | 4.7% | 9.4% | 2.17% | −19.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 799 | 1,152 | 925 | 1,039 | 1,088 | |
| 620 | 768 | 738 | 813 | 865 | |
| 179 | 384 | 187 | 226 | 222 | |
| 22.4% | 33.4% | 20.2% | 21.8% | 20.4% | |
| 19.6 | 19.2 | 22.8 | 16.9 | 22.7 | |
| 2.6 | 2.9 | 3.2 | 5.6 | 6.1 | |
| 45.3 | 45.3 | 42.3 | 42.8 | 45.3 | |
| – | −10.2 | – | – | – | |
| 150 | 345 | 164 | 195 | 194 | |
| 1.2% | 7.4% | 12.7% | 28.6% | 24.9% | |
| 148 | 319 | 143 | 137 | 144 | |
| 3.40 | 7.32 | 3.28 | 3.15 | 3.30 |
Profit & loss
- Sales CAGR 3Y
- +3.7%
- Profit CAGR 3Y
- +6.6%
- EPS CAGR 3Y
- +7.0%
- ROE
- 25.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,362 | 3,530 | 3,765 | 3,745 | |
| – | +5.0% | +6.7% | minus 0.5% | |
| 2,499 | 2,579 | 2,740 | 2,781 | |
| 863 | 951 | 1,025 | 965 | |
| 25.7% | 26.9% | 27.2% | 25.8% | |
| 14 | 20 | 17.7 | 37.7 | |
| 7.4 | 10 | 9.3 | 11.1 | |
| 247 | 186 | 178 | 177 | |
| 47.4 | 15.4 | 38.3 | 32.2 | |
| 670 | 791 | 894 | 846 | |
| 6.3% | 8.4% | 10.2% | 8.4% | |
| 640 | 724 | 806 | 775 | |
| – | +13.1% | +11.5% | minus 3.9% | |
| 14.50 | 16.55 | 18.48 | 17.76 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 44.1 | 43.7 | 43.7 | 43.7 | |
| 2,259 | 2,403 | 2,651 | 2,880 | |
| 90.5 | 94 | 89.8 | 162 | |
| 717 | 739 | 749 | 751 | |
| 3,110 | 3,280 | 3,534 | 3,836 | |
| 656 | 620 | 589 | 575 | |
| 7.6 | 9.7 | 16.6 | 3.1 | |
| 189 | 164 | 140 | 276 | |
| 299 | 409 | 744 | 903 | |
| 1,959 | 2,077 | 2,044 | 2,080 | |
| 3,110 | 3,280 | 3,534 | 3,836 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 749 | 779 | 896 | 801 | |
| −113 | −205 | −340 | −181 | |
| −608 | −563 | −500 | −554 | |
| 28.4 | 10.6 | 56.1 | 64.9 | |
| −40.5 | −40.6 | −44.6 | −43.3 | |
| 708 | 738 | 851 | 757 | |
| −353 | −349 | −349 | −524 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 28.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.