About the Company - Emami Ltd
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. 2866.87 Cr. and Equity Capital is Rs. 44.12 Cr. for the Year ended 31/03/2022.
Management |
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Name | Position Held |
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Mr. R S Agarwal | Chairman Emeritus |
Mr. R S Goenka | Non Executive Chairman |
Mr. Harsha V Agarwal | Vice Chairman & Mng.Director |
Mr. Mohan Goenka | Vice Chairman & Whole Time Dir |
Mr. Prashant Goenka | Independent Director |
Mr. Sushil K Goenka | Independent Director |
Mrs. Priti A Sureka | Independent Director |
Mr. C K Dhanuka | Independent Director |
Ms. Mamta Binani | Independent Director |
Mr. K N Memani | Independent Director |
Mr. Y P Trivedi | Independent Director |
Mr. Aditya V Agarwal | Independent Director |
Mr. P K Khaitan | Independent Director |
Mr. S B Ganguly | Independent Director |
Mr. Debabrata Sarkar | Independent Director |
Mr. Amit Kiran Deb | Independent Director |
Emami Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹499.40 |
Previous Day | ₹500.10 |
Basic Stock Data of Emami Ltd
Market Cap | 22,461 Cr. |
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Current Price | 510 |
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High / Low | 583/341 |
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Stock P/E | 32.6 |
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Book Value | 54.6 |
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Dividend Yield | 1.56 % |
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ROCE | 28.0 % |
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ROE | 28.3 % |
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Face Value | 1.00 |
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Emami Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 735 | 934 | 731 | 661 | 787 | 971 | 770 | 773 | 814 | 983 | 836 | 826 | 865 |
Expenses | 479 | 594 | 569 | 493 | 514 | 633 | 612 | 604 | 621 | 689 | 636 | 636 | 632 |
Operating Profit | 256 | 339 | 161 | 168 | 273 | 338 | 158 | 169 | 193 | 294 | 199 | 190 | 233 |
OPM % | 35% | 36% | 22% | 25% | 35% | 35% | 21% | 22% | 24% | 30% | 24% | 23% | 27% |
Other Income | 8 | 9 | 46 | 11 | 38 | 17 | 25 | 6 | 42 | 7 | 14 | 8 | 11 |
Interest | 2 | 1 | 5 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 |
Depreciation | 115 | 94 | 83 | 83 | 84 | 84 | 83 | 88 | 48 | 47 | 64 | 46 | 46 |
Profit before tax | 147 | 253 | 120 | 95 | 226 | 269 | 98 | 85 | 186 | 251 | 148 | 150 | 196 |
Tax % | 19% | 17% | 27% | 18% | 18% | 18% | -262% | 14% | 3% | 7% | 4% | 9% | 8% |
Net Profit | 118 | 209 | 88 | 78 | 185 | 220 | 354 | 73 | 180 | 233 | 142 | 137 | 180 |
EPS in Rs | 2.66 | 4.70 | 1.97 | 1.75 | 4.17 | 4.95 | 8.07 | 1.67 | 4.17 | 5.38 | 3.27 | 3.12 | 4.05 |
Emami Ltd Quarterly Chart
Emami Ltd Profit & Loss
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 1,370 | 1,595 | 1,700 | 2,076 | 2,358 | 2,488 | 2,531 | 2,695 | 2,655 | 2,881 | 3,187 | 3,406 | 3,509 |
Expenses | 1,096 | 1,252 | 1,255 | 1,536 | 1,670 | 1,729 | 1,812 | 1,970 | 1,970 | 2,000 | 2,249 | 2,550 | 2,594 |
Operating Profit | 274 | 343 | 445 | 541 | 688 | 759 | 719 | 725 | 685 | 880 | 938 | 855 | 916 |
OPM % | 20% | 22% | 26% | 26% | 29% | 31% | 28% | 27% | 26% | 31% | 29% | 25% | 26% |
Other Income | 58 | 54 | 53 | 91 | 44 | 31 | 19 | 25 | 46 | 69 | 90 | 69 | 40 |
Interest | 15 | 7 | 5 | 5 | 54 | 58 | 34 | 21 | 21 | 13 | 5 | 7 | 8 |
Depreciation | 19 | 22 | 35 | 34 | 255 | 309 | 311 | 325 | 336 | 367 | 335 | 247 | 203 |
Profit before tax | 299 | 369 | 457 | 592 | 423 | 424 | 393 | 403 | 374 | 569 | 688 | 670 | 745 |
Tax % | 13% | 15% | 12% | 18% | 14% | 20% | 22% | 25% | 19% | 20% | -22% | 6% | |
Net Profit | 259 | 315 | 402 | 485 | 363 | 340 | 306 | 303 | 302 | 455 | 837 | 627 | 691 |
EPS in Rs | 5.70 | 6.93 | 8.87 | 10.70 | 8.00 | 7.50 | 6.77 | 6.68 | 6.67 | 10.23 | 19.02 | 14.50 | 15.82 |
Dividend Payout % | 47% | 38% | 39% | 33% | 44% | 47% | 52% | 60% | 60% | 78% | 42% | 55% | |
Emami Ltd Profit & Loss Yearly Chart
Emami Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 8% |
5 Years:: | 6% |
3 Years:: | 9% |
TTM:: | 5% |
Emami Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 7% |
5 Years:: | 11% |
3 Years:: | 28% |
TTM:: | -17% |
Emami Ltd Growth
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Stock Price CAGR |
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10 Years:: | 8% |
5 Years:: | 4% |
3 Years:: | 5% |
1 Year:: | 8% |
Emami Ltd Growth
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Return on Equity |
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10 Years:: | 27% |
5 Years:: | 25% |
3 Years:: | 31% |
Last Year:: | 28% |
Emami Ltd Balance Sheet
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
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Equity Capital | 15 | 15 | 23 | 23 | 23 | 23 | 23 | 45 | 45 | 44 | 44 | 44 | 44 |
Reserves | 692 | 762 | 909 | 1,208 | 1,589 | 1,732 | 1,991 | 2,031 | 1,778 | 1,718 | 2,032 | 2,259 | 2,362 |
Borrowings | 156 | 115 | 38 | 36 | 671 | 473 | 326 | 110 | 210 | 101 | 282 | 91 | 107 |
Other Liabilities | 315 | 324 | 333 | 410 | 409 | 376 | 458 | 633 | 644 | 656 | 692 | 703 | 806 |
Total Liabilities | 1,177 | 1,216 | 1,302 | 1,676 | 2,692 | 2,603 | 2,798 | 2,819 | 2,678 | 2,520 | 3,050 | 3,096 | 3,319 |
Fixed Assets | 408 | 397 | 396 | 453 | 1,918 | 1,994 | 1,802 | 1,680 | 1,459 | 1,132 | 1,344 | 1,245 | 1,176 |
CWIP | 77 | 47 | 12 | 29 | 67 | 22 | 30 | 36 | 8 | 6 | 3 | 6 | 3 |
Investments | 80 | 163 | 296 | 501 | 104 | 128 | 314 | 187 | 156 | 255 | 303 | 293 | 434 |
Other Assets | 612 | 609 | 599 | 693 | 604 | 460 | 652 | 915 | 1,055 | 1,126 | 1,400 | 1,551 | 1,706 |
Total Assets | 1,177 | 1,216 | 1,302 | 1,676 | 2,692 | 2,603 | 2,798 | 2,819 | 2,678 | 2,520 | 3,050 | 3,096 | 3,319 |
Emami Ltd Reserves and Borrowings Chart
Emami Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 343 | 323 | 428 | 534 | 562 | 730 | 588 | 554 | 531 | 922 | 644 | 749 |
Cash from Investing Activity | -133 | -130 | -140 | -237 | -1,313 | -306 | -276 | -26 | -231 | -224 | -234 | -122 |
Cash from Financing Activity | -145 | -188 | -301 | -215 | 502 | -496 | -324 | -428 | -405 | -688 | -402 | -608 |
Net Cash Flow | 65 | 5 | -13 | 82 | -249 | -72 | -12 | 100 | -106 | 9 | 8 | 19 |
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Emami Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 27 | 26 | 17 | 18 | 20 | 14 | 22 | 29 | 42 | 29 | 37 | 44 |
Inventory Days | 65 | 58 | 76 | 59 | 68 | 83 | 87 | 88 | 102 | 118 | 122 | 100 |
Days Payable | 61 | 52 | 77 | 90 | 112 | 85 | 109 | 115 | 135 | 138 | 139 | 126 |
Cash Conversion Cycle | 31 | 32 | 16 | -13 | -24 | 12 | 1 | 2 | 9 | 10 | 19 | 18 |
Working Capital Days | -7 | -7 | -6 | -13 | 3 | -37 | 15 | 9 | 36 | 9 | 31 | 37 |
ROCE % | 35% | 42% | 50% | 61% | 30% | 23% | 22% | 19% | 18% | 29% | 31% | 28% |
Emami Ltd Financial Efficiency Indicators Chart
Emami Ltd Share Holding Pattern
Month | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Promoters | 53.86% | 53.86% | 53.86% | 53.86% | 53.86% | 54.27% | 54.27% | 54.27% | 54.27% | 54.27% | 54.52% | 54.84% |
FIIs | 9.62% | 10.52% | 12.49% | 12.71% | 12.52% | 12.72% | 11.47% | 11.25% | 11.14% | 11.01% | 11.46% | 11.90% |
DIIs | 27.37% | 26.39% | 24.48% | 24.17% | 25.49% | 24.32% | 26.47% | 27.02% | 27.02% | 26.92% | 26.22% | 25.21% |
Public | 9.16% | 9.24% | 9.17% | 9.26% | 8.14% | 8.69% | 7.80% | 7.47% | 7.58% | 7.81% | 7.81% | 8.05% |
No. of Shareholders | 87,152 | 82,090 | 81,508 | 82,193 | 83,257 | 86,242 | 89,971 | 85,460 | 90,285 | 97,043 | 89,955 | 79,216 |
Emami Ltd Shareholding Pattern Chart
No. of Emami Ltd Shareholders
Emami Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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DSP Mid Cap Fund | 9672104 | 3.41 | 493.18 |
HDFC Mid-Cap Opportunities Fund - Regular Plan | 6869485 | 0.73 | 350.28 |
Mirae Asset Emerging Bluechip Fund | 5914912 | 1.07 | 301.6 |
Kotak Emerging Equity Fund - Regular Plan | 5780127 | 0.87 | 294.73 |
SBI Large & Midcap Fund | 4700000 | 1.53 | 239.65 |
DSP Tax Saver Fund | 3859741 | 1.68 | 196.81 |
Aditya Birla Sun Life Frontline Equity Fund | 3677474 | 0.82 | 187.51 |
Franklin India Prima Fund | 3676225 | 2.21 | 187.45 |
Mirae Asset Midcap Fund | 3619839 | 1.57 | 184.58 |
DSP Flexi Cap Fund | 3542028 | 2.04 | 180.61 |
Emami Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Basic EPS (Rs.) | 14.50 | 18.88 | 10.23 | 6.67 | 6.68 |
Diluted EPS (Rs.) | 14.50 | 18.88 | 10.23 | 6.67 | 6.68 |
Cash EPS (Rs.) | 20.00 | 26.88 | 18.58 | 14.23 | 13.88 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 52.43 | 47.02 | 39.63 | 40.22 | 45.73 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 52.43 | 47.02 | 39.63 | 40.22 | 45.73 |
Revenue From Operations / Share (Rs.) | 77.20 | 72.36 | 64.80 | 58.58 | 59.32 |
PBDIT / Share (Rs.) | 21.12 | 23.75 | 21.45 | 16.50 | 16.79 |
PBIT / Share (Rs.) | 15.51 | 16.16 | 13.19 | 9.08 | 9.62 |
PBT / Share (Rs.) | 15.35 | 15.93 | 12.89 | 8.38 | 8.94 |
Net Profit / Share (Rs.) | 14.39 | 19.30 | 10.32 | 6.80 | 6.71 |
NP After MI And SOA / Share (Rs.) | 14.50 | 19.02 | 10.23 | 6.68 | 6.68 |
PBDIT Margin (%) | 27.35 | 32.81 | 33.09 | 28.16 | 28.30 |
PBIT Margin (%) | 20.09 | 22.33 | 20.35 | 15.49 | 16.22 |
PBT Margin (%) | 19.87 | 22.01 | 19.89 | 14.29 | 15.06 |
Net Profit Margin (%) | 18.64 | 26.66 | 15.93 | 11.61 | 11.31 |
NP After MI And SOA Margin (%) | 18.77 | 26.28 | 15.78 | 11.40 | 11.26 |
Return on Networth / Equity (%) | 27.77 | 40.40 | 25.79 | 16.60 | 14.60 |
Return on Capital Employeed (%) | 28.68 | 33.28 | 32.22 | 21.80 | 20.38 |
Return On Assets (%) | 20.56 | 27.44 | 18.04 | 11.30 | 10.74 |
Total Debt / Equity (X) | 0.03 | 0.12 | 0.05 | 0.11 | 0.05 |
Asset Turnover Ratio (%) | 1.00 | 1.07 | 1.04 | 0.90 | 0.92 |
Current Ratio (X) | 1.78 | 1.17 | 1.61 | 1.30 | 1.25 |
Quick Ratio (X) | 1.32 | 0.78 | 1.18 | 0.99 | 0.92 |
Inventory Turnover Ratio (X) | 2.43 | 2.72 | 2.65 | 3.17 | 3.65 |
Dividend Payout Ratio (NP) (%) | 55.18 | 42.38 | 78.20 | 119.88 | 52.39 |
Dividend Payout Ratio (CP) (%) | 39.79 | 30.29 | 43.27 | 56.80 | 25.27 |
Earning Retention Ratio (%) | 44.82 | 57.62 | 21.80 | -19.88 | 47.61 |
Cash Earning Retention Ratio (%) | 60.21 | 69.71 | 56.73 | 43.20 | 74.73 |
Interest Coverage Ratio (%) | 126.05 | 206.51 | 71.83 | 35.58 | 35.61 |
Interest Coverage Ratio (Post Tax) (%) | 86.90 | 169.83 | 35.58 | 16.18 | 15.70 |
Enterprise Value (Cr.) | 0.00 | 19900.10 | 21407.37 | 7794.39 | 18063.66 |
EV / Net Operating Revenue (X) | 0.00 | 6.23 | 7.43 | 2.94 | 6.71 |
EV / EBITDA (X) | 0.00 | 19.00 | 22.46 | 10.43 | 23.70 |
MarketCap / Net Operating Revenue (X) | 0.00 | 6.19 | 7.53 | 2.90 | 6.74 |
Retention Ratios (%) | 44.81 | 57.61 | 21.79 | -19.88 | 47.60 |
Price / BV (X) | 0.00 | 9.51 | 12.30 | 4.22 | 8.75 |
Price / Net Operating Revenue (X) | 0.00 | 6.19 | 7.53 | 2.90 | 6.74 |
EarningsYield | 0.00 | 0.04 | 0.02 | 0.03 | 0.01 |
Emami Ltd Profitability Ratios (%)
Emami Ltd Liquidity Ratios
Emami Ltd Liquidity Ratios (%)
Emami Ltd Interest Coverage Ratios (%)
Emami Ltd Valuation Ratios
Fair Value of Emami Ltd Stock
Fair Value: ₹511.59
The stock is undervalued by 0.31% compared to the current price ₹510
*Investments are subject to market risks
Strength and Weakness of Emami Ltd Stock
Strength | Weakness |
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The stock has a low average Working Capital Days, which is a positive sign. The company has shown consistent growth in sales and profit over the years. | The stock has a low average ROCE, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable. The company has higher borrowings compared to reserves, which may suggest financial risk. |