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Ema India Ltd. Stock Analysis

Small Cap
Evaluated by 67 users | BSE: 522027 | NSE: |
Engineering - Industrial Equipments
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -10%-10.14%-26.01%-10.11%-4.92%-6.11%-7.21%-87.4%-24.4%-25.42%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3.34.34.93.31.91.511.30.10
Y-o-Y Gr. Rt.-30.8%13.8%-31.6%-41.9%-25.3%-32.4%31.6%-93.8%-87.5%
Adjusted EPS (Rs.) -8.92-8.34-21.05-7.53-3.11-3.42-3.77-31.68-5.13-4.24
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) 73.3864.4466.6759.5957.2752.1649.4322.9618.8514.54
Adjusted Net Profit -0.9-0.8-2.1-0.8-0.3-0.3-0.4-3.2-0.5-0.4
Net Op. Cash Flow (Rs. Cr.) -0.3-0.7-1.9-0.2-1-0.3-0.30-0.6-0.4
Debt to Cash Flow from Ops -4.59-1.84-0.75-2.87-0.07-0.28-0.010.3100
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Ema India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -47.5%-65.1%-78.3%-87.5%
Adjusted EPS NANANANA
Book Value per Share -16.5-24-33.5-22.9
Share Price -25% -38% -52.7% -69.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -11.4-11.99-31.98-11.93-5.33-6.25-7.42-87.54-24.54-25.42
Operating Profit Margin (%) -41.89-29.26-64.84-27.24-22.65-35.2-45.99-67.91-711.93-3525.1
Net Profit Margin (%) -27.32-19.52-43.35-22.65-16.12-23.67-38.58-246.17-670.7-2940.95
Debt to Equity 0.160.20.210.120.010.020000
Working Capital Days 4793332522232853544622241,3656,080
Cash Conversion Cycle 4433022231862292833721576473,487
Entity Percentage Holding
Promoters 48.81%
Institutions 0.08%
Non-Institutions 51.11%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ema India's performance infers:

Ema India earnings have grown by 0%, whereas share price has depreciated -38% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ema India share prices over the last 10 years. Here is what we found out:

Ema India share price has depreciated -26.1% annually over the past ten years.

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

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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