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Last Updated: January 2, 2026, 7:15 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531162 | NSE: EMAMILTD

Emami Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 2, 2026, 7:15 pm

Market Cap 22,809 Cr.
Current Price 523
High / Low 655/498
Stock P/E30.3
Book Value 67.1
Dividend Yield1.53 %
ROCE32.4 %
ROE30.2 %
Face Value 1.00
PEG Ratio-15.85

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Emami Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Honasa Consumer Ltd 9,520 Cr. 293 334/19076.5 38.80.00 %7.44 %5.51 % 10.0
Ambica Agarbathies Aroma & Industries Ltd 42.4 Cr. 25.5 37.0/23.383.2 65.20.00 %7.49 %0.45 % 10.0
Ador Multi Products Ltd 115 Cr. 120 149/23.4 32.50.00 %11.4 %3.09 % 10.0
Kaya Ltd 608 Cr. 403 488/204 60.90.00 %2.50 %% 10.0
Jyothy Labs Ltd 10,436 Cr. 284 423/26828.5 55.81.23 %24.6 %19.0 % 1.00
Industry Average70,621.43 Cr1,916.1259.48112.700.75%29.21%23.91%4.94

All Competitor Stocks of Emami Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 8149838368268659968919068911,049963904799
Expenses 621689636636632682682692645715744692622
Operating Profit 193294199190233314209214246334219212177
OPM % 24%30%24%23%27%32%24%24%28%32%23%23%22%
Other Income 427148111111102215212221
Interest 2212233222323
Depreciation 48476446464648444546444445
Profit before tax 186251148150196276169178220301194187150
Tax % 3%7%4%9%8%6%13%16%4%7%16%12%1%
Net Profit 180233142137180261147151211279162164148
EPS in Rs 4.175.383.273.144.095.923.413.504.876.393.723.763.40

Last Updated: January 1, 2026, 9:04 pm

Below is a detailed analysis of the quarterly data for Emami Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Sales, as of Sep 2025, the value is 799.00 Cr.. The value appears to be declining and may need further review. It has decreased from 904.00 Cr. (Jun 2025) to 799.00 Cr., marking a decrease of 105.00 Cr..
  • For Expenses, as of Sep 2025, the value is 622.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 692.00 Cr. (Jun 2025) to 622.00 Cr., marking a decrease of 70.00 Cr..
  • For Operating Profit, as of Sep 2025, the value is 177.00 Cr.. The value appears to be declining and may need further review. It has decreased from 212.00 Cr. (Jun 2025) to 177.00 Cr., marking a decrease of 35.00 Cr..
  • For OPM %, as of Sep 2025, the value is 22.00%. The value appears to be declining and may need further review. It has decreased from 23.00% (Jun 2025) to 22.00%, marking a decrease of 1.00%.
  • For Other Income, as of Sep 2025, the value is 21.00 Cr.. The value appears to be declining and may need further review. It has decreased from 22.00 Cr. (Jun 2025) to 21.00 Cr., marking a decrease of 1.00 Cr..
  • For Interest, as of Sep 2025, the value is 3.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2.00 Cr. (Jun 2025) to 3.00 Cr., marking an increase of 1.00 Cr..
  • For Depreciation, as of Sep 2025, the value is 45.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 44.00 Cr. (Jun 2025) to 45.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Sep 2025, the value is 150.00 Cr.. The value appears to be declining and may need further review. It has decreased from 187.00 Cr. (Jun 2025) to 150.00 Cr., marking a decrease of 37.00 Cr..
  • For Tax %, as of Sep 2025, the value is 1.00%. The value appears to be improving (decreasing) as expected. It has decreased from 12.00% (Jun 2025) to 1.00%, marking a decrease of 11.00%.
  • For Net Profit, as of Sep 2025, the value is 148.00 Cr.. The value appears to be declining and may need further review. It has decreased from 164.00 Cr. (Jun 2025) to 148.00 Cr., marking a decrease of 16.00 Cr..
  • For EPS in Rs, as of Sep 2025, the value is 3.40. The value appears to be declining and may need further review. It has decreased from 3.76 (Jun 2025) to 3.40, marking a decrease of 0.36.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:25 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,7002,0762,3582,4882,5312,6952,6552,8813,1923,4063,5783,8093,715
Expenses 1,2551,5361,6701,7291,8121,9701,9702,0002,2542,5502,6322,7962,773
Operating Profit 4455416887597197256858809388559461,014942
OPM % 26%26%29%31%28%27%26%31%29%25%26%27%25%
Other Income 53914431192546699069416879
Interest 555458342121135710910
Depreciation 3534255309311325336367335247186178179
Profit before tax 457592423424393403374569688670791894832
Tax % 12%18%14%20%22%25%19%20%-22%6%8%10%
Net Profit 402485363340306303302455837627724803754
EPS in Rs 8.8710.708.007.506.776.686.6710.2319.0214.5016.5818.4817.27
Dividend Payout % 39%33%44%47%52%60%60%78%42%55%48%54%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)20.65%-25.15%-6.34%-10.00%-0.98%-0.33%50.66%83.96%-25.09%15.47%10.91%
Change in YoY Net Profit Growth (%)0.00%-45.80%18.82%-3.66%9.02%0.65%50.99%33.29%-109.05%40.56%-4.56%

Emami Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:7%
3 Years:6%
TTM:4%
Compounded Profit Growth
10 Years:3%
5 Years:21%
3 Years:-1%
TTM:10%
Stock Price CAGR
10 Years:0%
5 Years:11%
3 Years:8%
1 Year:-26%
Return on Equity
10 Years:26%
5 Years:31%
3 Years:30%
Last Year:30%

Last Updated: September 5, 2025, 3:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 23232323234545444444444444
Reserves 9091,2081,5891,7321,9912,0311,7781,7182,0322,2592,4032,6512,887
Borrowings 383667147332611021010128291949072
Other Liabilities 333410409376458633644656692703728741668
Total Liabilities 1,3021,6762,6922,6032,7982,8192,6782,5203,0503,0963,2693,5253,671
Fixed Assets 3964531,9181,9941,8021,6801,4591,1321,3441,2451,114984917
CWIP 122967223036863681518
Investments 296501104128314187156255303293442676858
Other Assets 5996936044606529151,0551,1261,4001,5511,7061,8501,878
Total Assets 1,3021,6762,6922,6032,7982,8192,6782,5203,0503,0963,2693,5253,671

Below is a detailed analysis of the balance sheet data for Emami Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 44.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 44.00 Cr..
  • For Reserves, as of Sep 2025, the value is 2,887.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,651.00 Cr. (Mar 2025) to 2,887.00 Cr., marking an increase of 236.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 72.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 90.00 Cr. (Mar 2025) to 72.00 Cr., marking a decrease of 18.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 668.00 Cr.. The value appears to be improving (decreasing). It has decreased from 741.00 Cr. (Mar 2025) to 668.00 Cr., marking a decrease of 73.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 3,671.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,525.00 Cr. (Mar 2025) to 3,671.00 Cr., marking an increase of 146.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 917.00 Cr.. The value appears to be declining and may need further review. It has decreased from 984.00 Cr. (Mar 2025) to 917.00 Cr., marking a decrease of 67.00 Cr..
  • For CWIP, as of Sep 2025, the value is 18.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Mar 2025) to 18.00 Cr., marking an increase of 3.00 Cr..
  • For Investments, as of Sep 2025, the value is 858.00 Cr.. The value appears strong and on an upward trend. It has increased from 676.00 Cr. (Mar 2025) to 858.00 Cr., marking an increase of 182.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 1,878.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,850.00 Cr. (Mar 2025) to 1,878.00 Cr., marking an increase of 28.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 3,671.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,525.00 Cr. (Mar 2025) to 3,671.00 Cr., marking an increase of 146.00 Cr..

Notably, the Reserves (2,887.00 Cr.) exceed the Borrowings (72.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +428534562730588554531922644749779896
Cash from Investing Activity +-140-237-1,313-306-276-26-231-224-234-122-210-345
Cash from Financing Activity +-301-215502-496-324-428-405-688-402-608-563-500
Net Cash Flow-1382-249-72-12100-1069819652

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow407.00505.0017.00286.00393.00615.00475.00779.00656.00764.00852.00-89.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days171820142229422937445043
Inventory Days76596883878810211812110010294
Days Payable779011285109115135138138124143133
Cash Conversion Cycle16-13-241212910192094
Working Capital Days-7-16-54-62-32-67-30283025
ROCE %50%61%30%23%22%19%18%29%31%28%32%32%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters54.27%54.27%54.52%54.84%54.84%54.84%54.84%54.84%54.84%54.84%54.84%54.84%
FIIs11.14%11.01%11.46%11.90%12.86%13.46%14.02%14.38%14.11%12.11%11.89%10.93%
DIIs27.02%26.92%26.22%25.21%23.94%22.06%21.61%21.51%21.70%23.68%24.06%25.00%
Public7.58%7.81%7.81%8.05%8.35%9.63%9.53%9.27%9.36%9.38%9.21%9.22%
No. of Shareholders90,28597,04389,95579,21682,15191,33497,2581,27,8971,28,7251,29,0021,26,5991,26,776

Shareholding Pattern Chart

No. of Shareholders

Emami Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 12,874,798 1 683.0112,274,7982025-12-15 01:38:084.89%
Kotak Midcap Fund 9,156,279 0.8 485.7411,495,2252025-12-15 01:38:08-20.35%
HDFC Mid Cap Fund 7,419,485 0.43 393.6N/AN/AN/A
SBI Large & Midcap Fund 6,500,000 0.93 344.836,500,0002025-04-22 15:56:580%
Nippon India Multi Cap Fund 6,221,481 0.66 330.055,721,4812025-12-15 01:38:088.74%
DSP Aggressive Hybrid Fund 4,679,374 2.05 248.24N/AN/AN/A
DSP ELSS Tax Saver Fund 4,345,045 1.31 230.54,224,3692025-12-07 16:58:212.86%
DSP Mid Cap Fund 4,058,472 1.08 215.35,265,7422025-12-07 16:58:21-22.93%
Aditya Birla Sun Life Large Cap Fund 3,979,053 0.67 211.093,753,6962025-12-15 01:38:086%
DSP Large & Mid Cap Fund 3,434,700 1.06 182.213,406,3652025-12-15 01:38:080.83%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 18.4816.5514.5018.8810.23
Diluted EPS (Rs.) 18.4816.5514.5018.8810.23
Cash EPS (Rs.) 22.7420.9320.0026.8818.58
Book Value[Excl.RevalReserv]/Share (Rs.) 61.7456.3052.4347.0239.63
Book Value[Incl.RevalReserv]/Share (Rs.) 61.7456.3052.4347.0239.63
Revenue From Operations / Share (Rs.) 87.2781.9777.2072.3664.80
PBDIT / Share (Rs.) 25.0522.8321.1223.7521.45
PBIT / Share (Rs.) 20.9618.5715.5116.1613.19
PBT / Share (Rs.) 20.7518.2015.3515.9312.89
Net Profit / Share (Rs.) 18.6616.6714.3919.3010.32
NP After MI And SOA / Share (Rs.) 18.4816.5814.5019.0210.23
PBDIT Margin (%) 28.6927.8427.3532.8133.09
PBIT Margin (%) 24.0222.6420.0922.3320.35
PBT Margin (%) 23.7722.2019.8722.0119.89
Net Profit Margin (%) 21.3820.3418.6426.6615.93
NP After MI And SOA Margin (%) 21.1720.2218.7726.2815.78
Return on Networth / Equity (%) 29.9229.5727.7740.4025.79
Return on Capital Employeed (%) 33.2232.1428.6833.2832.22
Return On Assets (%) 22.8222.0620.5627.4418.04
Total Debt / Equity (X) 0.020.020.030.120.05
Asset Turnover Ratio (%) 1.121.121.001.071.04
Current Ratio (X) 2.221.871.781.171.61
Quick Ratio (X) 1.831.441.320.781.18
Inventory Turnover Ratio (X) 12.062.362.432.722.65
Dividend Payout Ratio (NP) (%) 43.2948.2655.1842.3878.20
Dividend Payout Ratio (CP) (%) 35.4638.3939.7930.2943.27
Earning Retention Ratio (%) 56.7151.7444.8257.6221.80
Cash Earning Retention Ratio (%) 64.5461.6160.2169.7156.73
Interest Coverage Ratio (X) 117.0999.86126.05206.5171.83
Interest Coverage Ratio (Post Tax) (X) 88.2474.5486.90169.8335.58
Enterprise Value (Cr.) 18251.7018339.380.0019900.1021407.37
EV / Net Operating Revenue (X) 4.795.130.006.237.43
EV / EBITDA (X) 16.7018.410.0019.0022.46
MarketCap / Net Operating Revenue (X) 4.855.160.006.197.53
Retention Ratios (%) 56.7051.7344.8157.6121.79
Price / BV (X) 6.857.550.009.5112.30
Price / Net Operating Revenue (X) 4.855.160.006.197.53
EarningsYield 0.040.030.000.040.02

After reviewing the key financial ratios for Emami Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 18.48. This value is within the healthy range. It has increased from 16.55 (Mar 24) to 18.48, marking an increase of 1.93.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 18.48. This value is within the healthy range. It has increased from 16.55 (Mar 24) to 18.48, marking an increase of 1.93.
  • For Cash EPS (Rs.), as of Mar 25, the value is 22.74. This value is within the healthy range. It has increased from 20.93 (Mar 24) to 22.74, marking an increase of 1.81.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 61.74. It has increased from 56.30 (Mar 24) to 61.74, marking an increase of 5.44.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 61.74. It has increased from 56.30 (Mar 24) to 61.74, marking an increase of 5.44.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 87.27. It has increased from 81.97 (Mar 24) to 87.27, marking an increase of 5.30.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 25.05. This value is within the healthy range. It has increased from 22.83 (Mar 24) to 25.05, marking an increase of 2.22.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 20.96. This value is within the healthy range. It has increased from 18.57 (Mar 24) to 20.96, marking an increase of 2.39.
  • For PBT / Share (Rs.), as of Mar 25, the value is 20.75. This value is within the healthy range. It has increased from 18.20 (Mar 24) to 20.75, marking an increase of 2.55.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 18.66. This value is within the healthy range. It has increased from 16.67 (Mar 24) to 18.66, marking an increase of 1.99.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 18.48. This value is within the healthy range. It has increased from 16.58 (Mar 24) to 18.48, marking an increase of 1.90.
  • For PBDIT Margin (%), as of Mar 25, the value is 28.69. This value is within the healthy range. It has increased from 27.84 (Mar 24) to 28.69, marking an increase of 0.85.
  • For PBIT Margin (%), as of Mar 25, the value is 24.02. This value exceeds the healthy maximum of 20. It has increased from 22.64 (Mar 24) to 24.02, marking an increase of 1.38.
  • For PBT Margin (%), as of Mar 25, the value is 23.77. This value is within the healthy range. It has increased from 22.20 (Mar 24) to 23.77, marking an increase of 1.57.
  • For Net Profit Margin (%), as of Mar 25, the value is 21.38. This value exceeds the healthy maximum of 10. It has increased from 20.34 (Mar 24) to 21.38, marking an increase of 1.04.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 21.17. This value exceeds the healthy maximum of 20. It has increased from 20.22 (Mar 24) to 21.17, marking an increase of 0.95.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 29.92. This value is within the healthy range. It has increased from 29.57 (Mar 24) to 29.92, marking an increase of 0.35.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 33.22. This value is within the healthy range. It has increased from 32.14 (Mar 24) to 33.22, marking an increase of 1.08.
  • For Return On Assets (%), as of Mar 25, the value is 22.82. This value is within the healthy range. It has increased from 22.06 (Mar 24) to 22.82, marking an increase of 0.76.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.02. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.02.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.12. There is no change compared to the previous period (Mar 24) which recorded 1.12.
  • For Current Ratio (X), as of Mar 25, the value is 2.22. This value is within the healthy range. It has increased from 1.87 (Mar 24) to 2.22, marking an increase of 0.35.
  • For Quick Ratio (X), as of Mar 25, the value is 1.83. This value is within the healthy range. It has increased from 1.44 (Mar 24) to 1.83, marking an increase of 0.39.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 12.06. This value exceeds the healthy maximum of 8. It has increased from 2.36 (Mar 24) to 12.06, marking an increase of 9.70.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 43.29. This value is within the healthy range. It has decreased from 48.26 (Mar 24) to 43.29, marking a decrease of 4.97.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 35.46. This value is within the healthy range. It has decreased from 38.39 (Mar 24) to 35.46, marking a decrease of 2.93.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 56.71. This value is within the healthy range. It has increased from 51.74 (Mar 24) to 56.71, marking an increase of 4.97.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 64.54. This value is within the healthy range. It has increased from 61.61 (Mar 24) to 64.54, marking an increase of 2.93.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 117.09. This value is within the healthy range. It has increased from 99.86 (Mar 24) to 117.09, marking an increase of 17.23.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 88.24. This value is within the healthy range. It has increased from 74.54 (Mar 24) to 88.24, marking an increase of 13.70.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 18,251.70. It has decreased from 18,339.38 (Mar 24) to 18,251.70, marking a decrease of 87.68.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.79. This value exceeds the healthy maximum of 3. It has decreased from 5.13 (Mar 24) to 4.79, marking a decrease of 0.34.
  • For EV / EBITDA (X), as of Mar 25, the value is 16.70. This value exceeds the healthy maximum of 15. It has decreased from 18.41 (Mar 24) to 16.70, marking a decrease of 1.71.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.85. This value exceeds the healthy maximum of 3. It has decreased from 5.16 (Mar 24) to 4.85, marking a decrease of 0.31.
  • For Retention Ratios (%), as of Mar 25, the value is 56.70. This value is within the healthy range. It has increased from 51.73 (Mar 24) to 56.70, marking an increase of 4.97.
  • For Price / BV (X), as of Mar 25, the value is 6.85. This value exceeds the healthy maximum of 3. It has decreased from 7.55 (Mar 24) to 6.85, marking a decrease of 0.70.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.85. This value exceeds the healthy maximum of 3. It has decreased from 5.16 (Mar 24) to 4.85, marking a decrease of 0.31.
  • For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.04, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Emami Ltd as of January 2, 2026 is: ₹498.72

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of January 2, 2026, Emami Ltd is Overvalued by 4.64% compared to the current share price ₹523.00

Intrinsic Value of Emami Ltd as of January 2, 2026 is: ₹489.19

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of January 2, 2026, Emami Ltd is Overvalued by 6.46% compared to the current share price ₹523.00

Last 5 Year EPS CAGR: -1.91%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 31.25%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -7.50, which is a positive sign.
  3. The company has higher reserves (1,937.54 cr) compared to borrowings (199.54 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.31 cr) and profit (577.69 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 5.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Emami Ltd:
    1. Net Profit Margin: 21.38%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 33.22% (Industry Average ROCE: 29.21%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 29.92% (Industry Average ROE: 23.91%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 88.24
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.83
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 30.3 (Industry average Stock P/E: 59.48)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.02
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Emami Ltd. is a Public Limited Listed company incorporated on 11/03/1983 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L63993WB1983PLC036030 and registration number is 036030. Currently Company is involved in the business activities of Manufacture of `ayurvedic' or `unani' pharmaceutical preparation. Company's Total Operating Revenue is Rs. 3123.55 Cr. and Equity Capital is Rs. 43.65 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Personal CareEmami Tower, 687, Anandapur, Kolkata West Bengal 700107Contact not found
Management
NamePosition Held
Mr. R S AgarwalChairman Emeritus
Mr. R S GoenkaNon Executive Chairman
Mr. Harsha V AgarwalVice Chairman & Mng.Director
Mr. Mohan GoenkaVice Chairman & Whole Time Dir
Mr. Sushil K GoenkaWhole Time Director
Mrs. Priti A SurekaWhole Time Director
Mr. Prashant GoenkaWhole Time Director
Mr. Aditya V AgarwalNon Executive Director
Mr. C K DhanukaIndependent Director
Ms. Mamta BinaniIndependent Director
Mr. Rajiv KhaitanIndependent Director
Ms. Avani V DavdaIndependent Director
Mr. Anjanmoy ChatterjeeIndependent Director
Mr. Anjani Kumar AgrawalIndependent Director
Mr. Debabrata SarkarIndependent Director
Mr. Anand RathiIndependent Director

FAQ

What is the intrinsic value of Emami Ltd?

Emami Ltd's intrinsic value (as of 02 January 2026) is ₹498.72 which is 4.64% lower the current market price of ₹523.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹22,809 Cr. market cap, FY2025-2026 high/low of ₹655/498, reserves of ₹2,887 Cr, and liabilities of ₹3,671 Cr.

What is the Market Cap of Emami Ltd?

The Market Cap of Emami Ltd is 22,809 Cr..

What is the current Stock Price of Emami Ltd as on 02 January 2026?

The current stock price of Emami Ltd as on 02 January 2026 is ₹523.

What is the High / Low of Emami Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Emami Ltd stocks is ₹655/498.

What is the Stock P/E of Emami Ltd?

The Stock P/E of Emami Ltd is 30.3.

What is the Book Value of Emami Ltd?

The Book Value of Emami Ltd is 67.1.

What is the Dividend Yield of Emami Ltd?

The Dividend Yield of Emami Ltd is 1.53 %.

What is the ROCE of Emami Ltd?

The ROCE of Emami Ltd is 32.4 %.

What is the ROE of Emami Ltd?

The ROE of Emami Ltd is 30.2 %.

What is the Face Value of Emami Ltd?

The Face Value of Emami Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Emami Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE