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Last Updated: April 2, 2026, 2:52 am
Author: Getaka|Social: XLinkedIn

Emami Realty Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹60.59Fairly Valued by 4.11%vs CMP ₹58.20

P/E (15.0) × ROE (15.0%) × BV (₹33.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹24.06Overvalued by 58.66%vs CMP ₹58.20
MoS: -141.9% (Negative)Confidence: 69/100 (Moderate)Models: All 2: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹27.2663%Over (-53.2%)
Revenue MultipleRevenue₹18.7238%Over (-67.8%)
Consensus (2 models)₹24.06100%Overvalued
Key Drivers: EPS CAGR -55.0% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -55.0% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

37
Emami Realty Ltd scores 37/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health26/100 · Weak
ROCE 1.9% WeakROE 0.0% WeakD/E 13.40 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 68.5% Stable
Earnings Quality30/100 · Weak
OPM contracting (-5% → -137%) DecliningWorking capital: 2,508 days Capital intensive
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +65% YoY AcceleratingOPM: -263.0% (down 205.0% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 1.9% vs industry 16.4% Below peers3Y sales CAGR: -25% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Emami Realty Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 36.6 | ROCE 1.9% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 13.40x | IntCov 0.0x | Current 1.17x | Borrow/Reserve N/A
Cash Flow Reliability
86/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-126 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.04 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +50.0% | Q NP +29.4% | Q OPM +414.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-58.7%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.04 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-174Latest shareholder count minus previous count
Quarterly Sales Change+50.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+29.4%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+414.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:52 am

Market Cap 255 Cr.
Current Price 58.2
Intrinsic Value₹24.06
High / Low 136/48.2
Stock P/E
Book Value 33.0
Dividend Yield0.00 %
ROCE1.92 %
ROE%
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Emami Realty Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Emami Realty Ltd 255 Cr. 58.2 136/48.2 33.00.00 %1.92 %% 2.00
Shradha Infraprojects Ltd 250 Cr. 30.8 72.1/26.311.9 19.81.62 %9.54 %12.7 % 2.00
Gayatri Projects Ltd 270 Cr. 14.4 14.9/5.601.30 77.00.00 %7.99 %% 2.00
Atal Realtech Ltd 279 Cr. 22.7 32.6/13.271.5 5.660.00 %10.8 %6.74 % 2.00
Univastu India Ltd 222 Cr. 61.8 107/56.014.3 24.30.00 %26.6 %15.8 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Emami Realty Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 141326137241756571469
Expenses 151661221837949966834733
Operating Profit -0-3-34-9-11-13-76-4-3-9-70-41-24
OPM % -1%-22%-130%-71%-167%-53%-437%-68%-58%-15%-509%-677%-263%
Other Income -15195615131314131388
Interest 1717914232929272730292325
Depreciation 0000000000000
Profit before tax -18-14-24-19-29-27-93-18-18-26-85-56-41
Tax % -23%-25%-26%-25%-26%-38%-24%-25%-24%-25%-6%-9%-14%
Net Profit -14-11-15-14-21-17-70-14-13-19-80-51-36
EPS in Rs -3.71-2.83-4.04-3.79-5.64-4.46-18.60-3.65-3.51-5.14-21.05-11.59-8.11

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 02824211691,04118619796618234
Expenses -24-13197-67-101-75930171155126166168195
Operating Profit 254145681021431111541-30-105-85-161
OPM % 18,892%147%19%7,349%6,960%209%11%8%21%-31%-170%-104%-477%
Other Income 2145861121171281871454535335337
Interest 5196137163216269371152685895113101
Depreciation 0110012211111
Profit before tax -6-11-71632-76617-55-168-147-226
Tax % 2%0%1%23%-40%74%-32%91%13%-25%-27%-14%
Net Profit 812-41340-52115-39-123-126-203
EPS in Rs 3.115.05-1.745.191.490.18-18.540.223.97-10.21-32.48-33.36-49.25
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)50.00%-133.33%425.00%-69.23%-100.00%101.92%1400.00%-360.00%-215.38%-2.44%
Change in YoY Net Profit Growth (%)0.00%-183.33%558.33%-494.23%-30.77%201.92%1298.08%-1760.00%144.62%212.95%

Emami Realty Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:-40%
3 Years:-25%
TTM:54%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-33%
Stock Price CAGR
10 Years:10%
5 Years:20%
3 Years:17%
1 Year:3%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

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

Balance Sheet

Last Updated: December 10, 2025, 2:37 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555666688889
Reserves 28419221381418810512080-43-169-154
Borrowings 7299191,1951,5562,0262,5572,4541,6711,5281,5871,9161,9051,910
Other Liabilities 399526497563569689427186212299393432485
Total Liabilities 1,1611,4901,7072,1452,7393,3932,9741,9681,8671,9742,2742,1762,251
Fixed Assets 11111359717258525049363634
CWIP 0000000000000
Investments 1131921759217819526590104105122132116
Other Assets 1,0371,2881,5191,9952,4903,1252,6501,8261,7141,8192,1152,0082,101
Total Assets 1,1611,4901,7072,1452,7393,3932,9741,9681,8671,9742,2742,1762,251

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 55-147236-274-190-177583-26611873-36-75
Cash from Investing Activity + -32632-21245-142-247-161,20493-67-189184
Cash from Financing Activity + 275114-21204187100-562-940-214-0232-124
Net Cash Flow 4-24-25-146-3246-2-367-15
Free Cash Flow 55-148236-279-202-179573-26911272-27-76
CFO/OP 226%-362%528%-395%-187%-123%527%-1,740%287%-242%34%88%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-704.00-878.0044.0067.00100.00141.00109.0014.0040.00-31.00-106.00-86.00

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 Days 0010080257526487044
Inventory Days 4064,705
Days Payable 1015
Cash Conversion Cycle 0010080422752648704,734
Working Capital Days 169,6695,619576212,960143,4901,4001923733562,9493,5972,508
ROCE %8%10%12%13%12%11%11%4%5%0%-4%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.45%63.45%63.45%63.45%63.45%63.46%63.46%63.46%63.46%68.45%68.45%68.45%
FIIs 0.09%0.10%0.02%0.01%0.07%0.19%0.07%0.15%0.00%0.00%0.04%0.00%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.09%0.09%0.09%0.08%0.08%0.08%
Public 36.43%36.42%36.52%36.52%36.45%36.34%36.37%36.29%36.43%31.46%31.43%31.47%
No. of Shareholders 31,09030,65030,49131,76130,93330,53230,55828,20227,54926,80526,22426,050

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -33.36-32.48-10.213.970.16
Diluted EPS (Rs.) -33.36-32.48-10.213.970.16
Cash EPS (Rs.) -33.00-32.20-10.544.250.77
Book Value[Excl.RevalReserv]/Share (Rs.) -44.73-11.4321.0233.6738.98
Book Value[Incl.RevalReserv]/Share (Rs.) -44.73-11.4321.0233.6739.57
Revenue From Operations / Share (Rs.) 21.7516.2425.4051.9266.74
PBDIT / Share (Rs.) -8.61-18.921.3122.8293.30
PBIT / Share (Rs.) -8.97-19.250.9822.5392.72
PBT / Share (Rs.) -38.84-44.42-14.454.582.29
Net Profit / Share (Rs.) -33.36-32.52-10.863.960.20
NP After MI And SOA / Share (Rs.) -33.35-32.48-10.213.970.21
PBDIT Margin (%) -39.58-116.535.1443.94139.79
PBIT Margin (%) -41.23-118.533.8843.39138.93
PBT Margin (%) -178.59-273.54-56.908.823.43
Net Profit Margin (%) -153.38-200.29-42.767.630.30
NP After MI And SOA Margin (%) -153.37-200.01-40.177.650.32
Return on Networth / Equity (%) 0.000.00-48.5411.790.56
Return on Capital Employeed (%) -4.12-8.370.3722.1368.61
Return On Assets (%) -5.80-5.40-1.950.800.03
Long Term Debt / Equity (X) -5.57-20.0010.891.712.07
Total Debt / Equity (X) -11.25-44.2419.9411.9813.40
Asset Turnover Ratio (%) 0.030.020.050.080.07
Current Ratio (X) 1.421.511.821.151.17
Quick Ratio (X) 0.670.840.890.580.64
Inventory Turnover Ratio (X) 0.080.000.000.000.00
Interest Coverage Ratio (X) -0.28-0.750.081.271.03
Interest Coverage Ratio (Post Tax) (X) -0.11-0.290.291.221.00
Enterprise Value (Cr.) 2335.162287.621803.921741.841554.95
EV / Net Operating Revenue (X) 28.3737.2218.768.868.34
EV / EBITDA (X) -71.67-31.94364.4320.175.97
MarketCap / Net Operating Revenue (X) 5.326.462.441.150.59
Price / BV (X) -2.59-9.182.951.781.03
Price / Net Operating Revenue (X) 5.326.462.441.150.59
EarningsYield -0.28-0.30-0.160.060.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Emami Realty Ltd. is a Public Limited Listed company incorporated on 04/01/2008 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L45400WB2008PLC121426 and registration number is 121426. Currently Company is involved in the business activities of Construction of buildings. Company's Total Operating Revenue is Rs. 76.70 Cr. and Equity Capital is Rs. 7.57 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringAcropolis, 13th Floor, Kolkata West Bengal 700107Contact not found
Management
NamePosition Held
Mr. Amit Kiran DebChairman
Dr. Nitesh Kumar GuptaManaging Director & CEO
Mr. Rajesh BansalWhole Time Director
Mr. Basant Kumar ParakhDirector
Mr. Debasish BhaumikDirector
Ms. Ishani RayDirector

FAQ

What is the intrinsic value of Emami Realty Ltd and is it undervalued?

As of 05 April 2026, Emami Realty Ltd's intrinsic value is ₹24.06, which is 58.66% lower than the current market price of ₹58.20, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹33.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Emami Realty Ltd?

Emami Realty Ltd is trading at ₹58.20 as of 05 April 2026, with a FY2026-2027 high of ₹136 and low of ₹48.2. The stock is currently near its 52-week low. Market cap stands at ₹255 Cr..

How does Emami Realty Ltd's P/E ratio compare to its industry?

Emami Realty Ltd has a P/E ratio of , which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Emami Realty Ltd financially healthy?

Key indicators for Emami Realty Ltd: ROCE of 1.92 % is on the lower side compared to the industry average of 16.37%; ROE of % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is Emami Realty Ltd profitable and how is the profit trend?

Emami Realty Ltd reported a net profit of ₹-126 Cr in Mar 2025 on revenue of ₹82 Cr. Compared to ₹15 Cr in Mar 2022, the net profit shows a declining trend.

Does Emami Realty Ltd pay dividends?

Emami Realty Ltd has a dividend yield of 0.00 % at the current price of ₹58.20. The company is currently not paying meaningful dividends.

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 Realty 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
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