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Ema India Ltd (522027)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522027 NSE: Engineering - Industrial Equipments | Small Cap | Ema India Share Price

₹827.85 -14.70 (-1.74%)

As on 03-Jul'26 16:59

Ema India Ltd (522027)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522027 NSE: Engineering - Industrial Equipments | Small Cap | Ema India Share Price

₹827.85 -14.70 (-1.74%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹83 Cr.
Current Price
₹827.9
52-Week Low / High
₹87 / 877
TTM EPS
₹61.5
TTM Sales
₹0 Cr.
Book Value per Share
₹44.1
P/E Ratio
13.46
Industry PE
57.8
Price to Book (P/B)
18.76
Higher than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
-81.59
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-1322.70%
Underperforms industry median
Return on Assets (ROA)
-158.24%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
48.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3 Cr.
Equity
₹1 Cr.
Face Value
₹10
All Time Low / High
₹1.65 / 876.75

Ema India stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Ema India Ltd a good quality company?
Ema India Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ema India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ema India Ltd vs industry peers?
Ema India Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 12.49%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Ema India Ltd?
Promoters hold 48.83% of the Ema India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ema India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 38.4% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ema India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -7.8%-20.9%-21.8%-11.7%-46.2%-56.3%-84.2%-180.1%-360.2%-1,322.7%-
Value Creation
Index
-1.6-2.5-2.6-1.8-4.3-5.0NANANANA-

Growth Parameters

Sales 11.30.100000000
Sales YoY Gr.-31.6%-93.8%-87.5%-100%NANANANANA-
Adj EPS -3.8-31.7-5.1-4.2-6-4.5-4.1-5.5-5-5.561.5
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 49.42318.914.57.53.5-0.6-6.1-11.2-17.444.1
Adj Net
Profit
-0.4-3.2-0.5-0.4-0.6-0.5-0.4-0.6-0.5-0.66
Cash Flow from Ops. -0.30-0.6-0.4-0.6-0.4-0.3-0.4-0.4-0.6-
Debt/CF from Ops. -00.3000-0.5-1.4-1.9-3.3-3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%NANANA
Adj EPS NANANANA
BVPS-189%-218.2%NANA
Share Price 41.9% 143.2% 247.4% 744.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-7.4-87.5-24.5-25.4-53.9-82.3-277.1165.557.338.4459.8
Op. Profit
Mgn %
-46-67.9-711.9-3525.1000000NAN
Net Profit
Mgn %
-38.6-246.2-670.7-2941000000INF
Debt to
Equity
000000.6-7.9-1.4-1.1-10
Working Cap
Days
4622241,3656,0800000000
Cash Conv.
Cycle
3721576473,4870000000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0.981.290.080.01000000
Operating Expenses + 1.432.170.620.530.580.440.570.500.430.54
Manufacturing Costs0.160.170.080.050.050.040.040.040.040.02
Material Costs0.270.950.030000.09000
Employee Cost 0.700.670.320.290.290.250.250.240.240.24
Other Costs 0.310.380.200.180.240.150.190.220.160.28
Operating Profit -0.45-0.88-0.55-0.51-0.58-0.44-0.57-0.50-0.43-0.54
Operating Profit Margin (%) -46.0%-67.9%-711.0%-3,525.1%------
Other Income + 0.170.180.120.350.190.140.23000
Exceptional Items 0000-0.06000-0.02-0.02
Interest 0.01000000000
Depreciation 0.130.060.030.030.070.060.060.060.060.06
Profit Before Tax -0.41-0.77-0.46-0.20-0.51-0.37-0.40-0.56-0.52-0.62
Tax -0.142.3200000000
Profit After Tax -0.27-3.08-0.46-0.20-0.51-0.37-0.40-0.56-0.52-0.62
PAT Margin (%) -27.9%-238.0%-599.0%-1,353.2%------
Adjusted EPS (₹)-2.7-30.7-4.6-2.0-5.1-3.7-4.0-5.5-5.1-6.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Ema India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4.972.311.891.460.760.35-0.06-0.61-1.13-1.75
Share Capital 1.011.011.011.011.011.011.011.011.011.01
Reserves 3.961.300.890.46-0.25-0.65-1.06-1.62-2.13-2.75
Debt +000000.200.460.831.201.77
Long Term Debt0000000000
Short Term Debt000000.200.460.831.201.77
Minority Interest0000000000
Trade Payables0.050.0200000000
Others Liabilities -1.930.350.180.250.240.310.260.330.410.28
Total Liabilities 3.092.682.071.7110.860.660.540.480.30

Fixed Assets

Net Fixed Assets +0.540.320.240.680.550.470.410.350.260.05
Gross Block0.542.542.042.360.550.470.411.681.680.63
Accumulated Depreciation02.221.801.680001.331.420.59
CWIP 0000000000
Investments 0.921.431.550.730.200.140000
Inventories1.030.160.140.140.140.140.050.050.050
Trade Receivables0.06000000000
Cash Equivalents 0.320.540.040.060.0100.0700.010.07
Others Assets 0.230.230.100.110.100.110.130.150.160.19
Total Assets 3.092.682.071.7110.860.660.540.480.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.330.01-0.55-0.43-0.63-0.37-0.34-0.44-0.37-0.60
PBT -0.41-0.77-0.46-0.20-0.51-0.37-0.40-0.56-0.49-0.64
Adjustment -0.01-0.08-0.04-0.29-0.11-0.060.050.060.060.13
Changes in Working Capital 0.10.86-0.050.07-00.060.010.060.07-0.09
Tax Paid -0-0.01-0-0.01000000
Cash Flow From Investing Activity + 0.330.220.050.450.570.170.14000.09
Capex 0.130.260.08-0.420.110.010000.09
Net Investments 0.20-0.05-0.030.870.460.170.14000
Others 0000000000
Cash Flow From Financing Activity + -0.01-0-0-0-00.200.260.370.370.57
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000.260.370.370.57
Interest Paid -0.01-0-0-0-0-00000
Dividend Paid 0000000000
Others 000000.200000
Net Cash Flow -0.010.23-0.500.02-0.06-00.07-0.0700.06

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-5.37-84.8-21.93-11.7-46.16-66.59N/AN/AN/AN/A
ROCE (%)-7.83-20.93-21.75-11.69-46.16-56.29N/AN/AN/AN/A
Asset Turnover Ratio0.320.480.030.01000000
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days25.707.604.2012.30000000
Inventory Days357.10156.60652.403,475000000
Payable Days52.1013.90144.500000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ema India Ltd FAQs

The current trading price of Ema India on 03-Jul-2026 16:59 is ₹827.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Jul-2026 the market cap of Ema India stood at ₹83.20 Cr

The latest P/E ratio of Ema India as of 02-Jul-2026 is 13.46.

The latest P/B ratio of Ema India as of 02-Jul-2026 is 18.76.

The 52-week high of Ema India is ₹876.8 and the 52-week low is ₹86.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ema India is ₹0.00 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ema India Ltd is a below average quality company.

The key valuation ratios of Ema India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ema India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ema India Ltd

Ema India was founded by Late Hari Bhargava alongwith his son, Pradip Bhargava, Promoter and Managing Director of the Company. A joint venture agreement was signed in the year 1971 with EMA Electromaschinen Schultz GmbH & Co KG, Germany, to manufacture State of Art Induction Heating Equipments. With the pioneering efforts of introducing these equipments for the first time in India, today Ema India Limited has achieved the distinction of being a market leader of this field by supplying over 1,000 equipments so far. 

Prior to this, Conventional heating Furnaces were in operation. With the advantages of being very fast, non-polluting, more efficient, excellent process control capabilities and lesser space requirements, Induction Heating has established itself as a popular system of operation.   Ema India designs and manufactures world class induction heating and melting equipment for various industries and applications throughout the world.

Ema manufactures both Medium Frequency and High Frequency Equipments in power ratings from 1 Kw to 1130 Kw and frequencies ranging from 500 Hz to 450 KHz for every possible application. EMA can design and manufacture custom-built Machine for applications like Induction Hardening, Partial Heating, Annealing, Tempering, Softening, Brazing, Heating for Shrink Fitting and Billet Heating.

To keep pace with the latest technological trend, EMA has switched over from Motor Generators to Solid State Generators with Thyristors and the latest being IGBT Transistorised Convertors. Commencing with the Conventional Relay Controls for the machine operations, EMA has established its supremacy by introducing PLC’s  and CNC’s for the equipment controls with technological advancements.

The untiring efforts of Technical personnel of EMA have regularly contributed to various developments to meet the challenges of specific customer requirements. The R & D Department of EMA is always looking for new avenues for Induction Heating/Hardening applications.

EMA has also successfully manufactured and supplied close to 140 Honing Machines during its joint venture with Gehring Germany from 1986-2006, and been a leading manufacturer and supplier of Diamond & CBN Honing Stones in a joint venture with Diato GmbH, Germany (part of Gehring Group worldwide) through Diato India Private Limited.

On the export front, EMA has established itself as the pioneer in Export of Induction Heating and Hardening Equipments and Accessories as well as Honing Machines and Honing Stones.

Products range of the company includes:

  • Induction Hardening Systems
  • Induction Heating Equipment Induction
  • Tempering & Annealing Equipment
  • Induction Shrink Fitting Equipment
  • Customized Induction Hardening Machines
  • Induction Brazing Equipment
  • Small Billet Heaters
  • High & Medium Frequency Converters with IGBT's
  • Frequency Converters with Thyristors
  • Medium Frequency Transformers
  • High Frequency Transformers
  • Coaxial Transformers / Coaxial Cables
  • Automation for Loading / Unloading Components
  • Piston Ring OD Lapping Machines and other SPMs
  • Inductors, Quenches and Water Cooled Power Cables
  • Re-cooling & Refrigeration Unit for Water & Quench Medium

Clientele:

Bajaj, BEML, Birla Yamha, BPL, CAFOMA, Force, Hero Honda, GM, LML, Honda, Mico, NRB, Rane, Subros, Suzuki, Tafe, Mahindra and many more.

Achievements/ recognition:

ISO 9001:2000 for manufacturing and servicing of induction hardening, heating machines & heat treating equipment with related Accessories

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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