1. India Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
EMS Ltd.

EMS Ltd.

294.80
INR
-5.90
(-1.96%)
12.36EPS
33.52P/E
22.84BMarket Cap
Nov 14Next Earn
EMS Ltd.
NSE:EMSLIMITED
(National Stock Exchange of India)

Recent

price

294.80

P/E

ratio

33.52

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
INR
58.64
59.55
64.8
96.9
152.93
175.13
131.95
117.15
Revenue per Share
13.04
12.95
14.21
19.39
29.38
33.05
16.3
12.27
Basic EPS, GAAP
3.79
4.94
1.51
-0.81
-28.68
5.38
-15.8
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
1.07
1
1.5
- -
Dividend per Share
41.42
54.37
68.46
88.37
143.73
175.7
190.06
- -
Book Value per Share
41.42
54.36
67.4
87.32
142.61
174.57
187.43
- -
Tangible Book Value per Share
56
56
56
56
52
56
56
56
Basic Weighted Avg Shares
3,256
3,307
3,599
5,381
7,933
9,725
7,327
6,506
Sales/Revenue/Turnover
29.02
29.38
30.57
27.26
24.99
25.83
18.18
15.6
Operating Margin (%)
16
17
22
26
65
96
102
98
Depreciation Expense
724
719
789
1,077
1,524
1,835
905
681
Net Income, GAAP
26.31
26.76
26.57
26.39
26.17
26.19
29.43
30.98
Effective Tax Rate (%)
22.24
21.74
21.93
20.01
19.21
18.87
12.35
10.47
Profit Margin (%)
1,642
2,337
3,062
3,206
4,985
6,495
6,507
- -
Working Capital
132
32
37
454
704
831
1,052
- -
LT Debt
2,300
3,021
3,811
4,928
8,005
9,783
10,583
- -
Total Equity
- -
25.1
22.76
23.29
21.01
18.67
8.03
- -
Return on Invested Capital (%)
- -
26.2
22.86
23.09
21.58
19.17
8.09
- -
Return on Capital (%)
- -
27.04
23.14
24.73
23.65
20.69
8.91
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
490
- -
LT Borrowings
- -
1,052
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
56
56
56
Market Capitalization
24,098
14,430
22,840

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
8,123
- -
Cash, Cash Equivalents & STI
- -
297
- -
Accounts Receivable, Net
- -
3,874
- -
Inventories
- -
2,257
- -
Total Current Liabilities
- -
1,616
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
490
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,063
2,335
2,453
2,698
9,725
2026
2,389
1,725
2,004
1,205
7,327
2027
1,572
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.68
8.94
9.13
8.42
33.05
2026
6.82
5.08
3.39
1.01
16.3
2027
2.79
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
1.5
2027
- -
- -
- -
- -
- -
Similar Companies
Larsen & Toubro Limited (NSE:LT)
Engineers India Limited (NSE:ENGINERSIN)
Tekfen Holding Anonim Sirketi (BIST:TKFEN)
Enka Insaat ve Sanayi A.S. (BIST:ENKAI)
Quanta Services, Inc. (NYSE:PWR)
Sterling Infrastructure, Inc. (NASDAQ:STRL)
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.