EMS (EMSLIMITED) share price, P/E, ROE & financials

EMS (EMSLIMITED) had a P/E of 24.7× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 41% below their 52-week high. Sales grew 11% a year over 3 years while net profit fell 5.6%; its ROCE of 11% is the second-lowest among the 7 largest Engineering & Construction peers. Debt is 0.15× equity, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹1,684 Cr, ranked 47th of 156 Engineering & Construction companies by market cap; the shares fell 39% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹303.25
Day high: ₹306.50
Day low: ₹294.45
Prev. close: ₹304.25
Volume: 1 L

Health check

6 to check

ReturnsBehind
−39.5% over a year, better than 1 of 7 peers.
Price tagPricier
P/E 24.7 vs industry 16.4.
GrowthSlow
Sales +10.8%, profit −5.6% a year over 3 years.
ProfitabilityWeak
ROCE 11.3% vs peer median 19.9%.
Balance sheetStretched
Debt 0.15× equity, interest covered 41.9×, Piotroski 2 of 9.
Red flags4 to check
Quarterly profit down 59.1% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹1,684 Cr, #47 of 156 in its industry by size.

Defensive

Beta 0.51 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹651 Cr · profit ₹68 Cr

Market cap: ₹1,684 Cr; Small cap
P/E: 24.7; Industry 16.4
Price to book: 1.60; Peers 4.92
Dividend yield: 0.49%
ROE: 8.9%; Peers 17.9%
ROCE: 11.3%; Peers 19.9%
Debt to equity: 0.15; Debt ₹154 Cr
EPS (TTM): ₹12.27; Face value ₹10
OPM (TTM): 17.1%; Net margin 10.5%
Sales growth: −34.2%; Latest quarter vs a year ago
Profit growth: −59.1%; Latest quarter vs a year ago
Price to sales: 2.59; EV/EBITDA 15.8

Risks to check

Quarterly profit down 59.1% on a year ago.
Quarterly sales down 34.2% on a year ago.
P/E of 24.7 against an industry P/E of 16.4.
41% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About EMS

EMS Limited constructs, designs, and installs water, wastewater, and domestic waste treatment facilities in India. It provides electrical transmission and distribution, road and allied works, operation and maintenance of water and wastewater treatment plants, and water supply scheme projects for government authorities. The company also offers turnkey services in water and wastewater collection, treatment, disposal, and manufactures own items which are…

Headquarters: Ghaziabad
Employees: 624
Sector: Industrials
ISIN: INE0OV601013
Website: ems.co.in

Price range

52 weeks

₹256.05₹511.95

Today

₹294.45₹306.50

Avg volume (3M): 3.7 L
1-year return: minus 39.5%
From 52-week high: minus 40.8%

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
LTLarsen & Toubro	4,117.70	plus 1.67%	5,66,549	31.7	19.6	14.6%	9.6%	1.05	16.1%	plus 3.2%
RVNLRail Vikas Nigam	193.34	minus 0.18%	40,312	44.9	56.9	11.0%	4.3%	0.49	0.2%	minus 40.5%
CEMPROCemindia Projects	1,323.30	plus 2.79%	24,405	36.4	24.2	37.1%	10.4%	0.35	25.5%	plus 49.2%
KPILKalpataru Projects International	1,370.80	minus 0.04%	23,410	19.7	10.1	19.9%	8.3%	0.46	18.4%	plus 4.3%
NBCCNBCC (India)	78.00	minus 2.90%	21,060	26.5	19.8	34.3%	6.1%	0.00	12.9%	minus 29.5%
ENGINERSINEngineers India	292.70	minus 1.94%	16,451	18.3	21.5	28.1%	21.2%	0.00	5.7%	plus 51.1%
WABAGVA Tech Wabag	1,988.20	plus 6.57%	12,434	29.4	20.8	16.3%	10.9%	0.09	9.9%	plus 33.2%
EMSLIMITEDEMS	303.20	minus 0.35%	1,684	24.7	12.6	11.3%	17.1%	0.15	10.8%	minus 39.5%
Median of 7 peers	–	−0.04%	23,410	29.4	20.8	19.9%	9.6%	0.35	12.9%	4.3%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
239	172	200	120	157
185	136	170	102	131
54.1	36.2	30.7	18.3	26
22.7%	21.0%	15.3%	15.2%	16.6%
2.3	5.4	2.5	3.1	2.1
3.1	2.7	3.5	4.1	4.9
2.5	2.5	2.6	2.6	2.1
50.8	36.4	27.2	14.8	21.1
25.1%	22.7%	29.0%	61.3%	26.5%
37.9	28.2	18.8	5.6	15.5
6.82	5.08	3.39	1.01	2.79

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +10.8%
Profit CAGR 3Y: −5.6%
EPS CAGR 3Y: −5.6%
ROE: 8.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
538	793	972	733
–	+47.4%	+22.6%	minus 24.7%
389	588	712	589
149	205	261	143
27.7%	25.8%	26.8%	19.6%
1.3	2.9	0.5	−0.9
0.1	0	3	3.2
2.6	6.5	9.6	10.2
0	5.6	0.3	0.1
148	207	249	129
26.4%	26.2%	26.2%	29.4%
108	152	184	90.5
–	+41.5%	+20.4%	minus 50.7%
19.39	29.38	33.05	16.30

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
47	55.5	55.5	55.5
444	743	920	1,000
45.4	70.7	86	154
103	101	104	121
639	970	1,165	1,331
42.6	79.1	73.4	132
4	13	11	53.4
0.6	10.6	17.5	18.2
84.9	94	108	29.7
507	773	956	1,097
639	970	1,165	1,331

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4.2	−116	36.2	−14.9
−21.4	−82.8	19.2	−59.9
37.8	176	−1.8	−2.2
20.6	−22.5	53.6	−77.1
−8.7	−32.9	−6.3	−72.8
−4.5	−149	29.9	−87.7
–	−5.6	−5.6	−8.3

Shareholding pattern

Source: NSE filings

69.7%

promoters

Promoters69.70%
Public30.30%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	69.70%	30.30%	0.00
30 Jun 2026	69.70%	30.30%	0.00
31 Mar 2026	69.70%	30.30%	0.00
31 Dec 2025	69.70%	30.30%	0.00
30 Sep 2025	69.70%	30.30%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you