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    Engineering & Construction
EMS Limited

EMS Limited

EMSLIMITED.NS
EMS LimitedIN flagNational Stock Exchange of India
410.05
INR
+7.50
- -
22.77BMarket Cap
EMS Limited
EMSLIMITED.NS
(National Stock Exchange of India)

Recent

price

410.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
58.64
59.55
64.8
96.9
152.93
175.13
- -
131.86
Revenue per Share
13.04
12.95
14.21
19.39
29.38
33.05
- -
16.3
Basic EPS, GAAP
3.79
4.94
1.51
-0.81
-28.68
5.38
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
1.07
1
- -
- -
Dividend per Share
40.91
53.86
67.95
87.81
123.57
147.48
- -
10
Book Value per Share
41.42
54.38
67.57
87.7
153.13
175.04
- -
187.94
Tangible Book Value per Share
56
56
56
56
52
56
- -
56
Basic Weighted Avg Shares
3,256
3,307
3,598
5,381
7,933
9,725
7,327
7,322
Sales/Revenue/Turnover
29.02
29.38
30.57
27.26
24.99
25.52
17.77
17.63
Operating Margin (%)
16
17
22
26
65
96
102
102
Depreciation Expense
724
719
789
1,077
1,524
1,835
905
905
Net Income, GAAP
26.31
26.76
26.57
26.39
26.17
26.19
29.43
29.41
Effective Tax Rate (%)
22.24
21.74
21.93
20.01
19.21
18.87
12.35
12.36
Profit Margin (%)
1,642
2,337
3,062
3,206
4,985
6,503
6,543
6,543
Working Capital
132
32
37
454
704
831
1,052
1,052
LT Debt
2,300
3,021
3,811
4,928
8,005
9,783
10,583
10,583
Total Equity
- -
25.1
22.76
23.29
20.43
18.42
7.9
7.84
Return on Invested Capital (%)
- -
26.48
23.05
23.24
24.35
23.37
17.71
17.71
Return on Capital (%)
- -
27.33
23.34
24.9
27
25.14
20.7
20.7
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
52
- -
490
LT Borrowings
1,596
- -
1,052
LT Finance Leases
1
- -
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
56
- -
56
Market Capitalization
30,115
24,076
14,430

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
8,069
- -
8,123
Cash, Cash Equivalents & STI
1,632
- -
923
Accounts Receivable, Net
3,988
- -
3,874
Inventories
1,025
- -
2,256
Total Current Liabilities
1,014
- -
1,580
Payables & Accruals
- -
- -
- -
ST Debt
52
- -
490
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
29.66%
8.17%
Free Cash Flow
- -
493.7%
-393.49%
Net Income, GAAP
- -
11.5%
-50.68%
Sales/Revenue/Turnover
- -
20.74%
-24.65%
Total Cash Common Dividend
- -
- -
50%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,380
2,105
1,996
2,453
7,933
2025
2,063
2,335
2,453
2,698
9,725
2026
2,389
1,725
2,004
1,205
7,327

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.1
9.39
7.37
- -
29.38
2025
6.68
8.94
9.13
8.42
33.05
2026
6.82
5.08
3.39
1.01
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.07
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
- -
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Business
EMS Limited operates as a multi-disciplinary Engineering, Procurement, and Construction (EPC) firm, delivering comprehensive, single-source solutions for water and wastewater infrastructure across India. The company undertakes the entire project lifecycle, from initial design and engineering through construction and installation of facilities for water supply, sewage networks, and treatment, along with their subsequent operation and maintenance. Additionally, it extends its expertise to electrical transmission and distribution projects, as well as general building and road works. The firm, established in 1998, primarily serves government bodies and municipalities, focusing on urban infrastructure development and environmental sustainability. Its main office is situated in Ghaziabad, Uttar Pradesh, India.