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

Emkay Taps & Cutting Tools Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.94Overvalued by 87.09%vs CMP ₹92.50

P/E (15.0) × ROE (0.4%) × BV (₹271.00) × DY (2.00%)

Defaults: P/E=15

₹261.52Undervalued by 182.72%vs CMP ₹92.50
MoS: +64.6% (Strong)Confidence: 54/100 (Moderate)Models: 6 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5.7321%Over (-93.8%)
Graham NumberEarnings₹390.9819%Under (+322.7%)
Earnings PowerEarnings₹358.2612%Under (+287.3%)
DCFCash Flow₹247.8815%Under (+168%)
Net Asset ValueAssets₹271.818%Under (+193.8%)
Earnings YieldEarnings₹250.708%Under (+171%)
ROCE CapitalReturns₹566.5010%Under (+512.4%)
Revenue MultipleRevenue₹58.836%Over (-36.4%)
Consensus (8 models)₹261.52100%Undervalued
Key Drivers: EPS CAGR -52.1% drags value — could be higher if earnings stabilize. | ROE 0.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -52.1% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

42
Emkay Taps & Cutting Tools Ltd scores 42/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 0.4% WeakROE 0.4% WeakD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
OPM contracting (48% → 18%) DecliningWorking capital: 12 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -27% YoY DecliningProfit (4Q): -23% YoY DecliningOPM: -3.4% (down 52.5% YoY) Margin pressure
Industry Rank20/100 · Weak
ROCE 0.4% vs industry 37.7% Below peersROE 0.4% vs industry 16.9% Below peers3Y sales CAGR: -16% 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.

Share Price and Basic Stock Data

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

Market Cap 98.7 Cr.
Current Price 92.5
Intrinsic Value₹261.52
High / Low 480/83.1
Stock P/E
Book Value 271
Dividend Yield0.00 %
ROCE0.35 %
ROE0.36 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Emkay Taps & Cutting Tools Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
KPT Industries Ltd 128 Cr. 376 1,028/33510.1 2180.80 %25.5 %22.5 % 5.00
Miven Machine Tools Ltd 19.7 Cr. 65.7 112/58.9 19.90.00 %%% 10.0
Incon Engineers Ltd 6.19 Cr. 14.3 16.4/9.31 1.250.00 %64.2 %% 10.0
Hittco Tools Ltd 7.26 Cr. 11.0 16.0/8.41 4.250.00 %3.21 %0.29 % 10.0
Harshil Agrotech Ltd 34.5 Cr. 0.37 3.86/0.31 1.270.00 %17.4 %16.4 % 1.00
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of Emkay Taps & Cutting Tools Ltd

Quarterly Result

MetricSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 27.2723.4019.8136.4632.9237.8844.5444.0748.9154.540.8241.0432.13
Expenses 14.8215.5413.4419.7317.9019.3321.0124.1524.8930.463.5742.5233.22
Operating Profit 12.457.866.3716.7315.0218.5523.5319.9224.0224.08-2.75-1.48-1.09
OPM % 45.65%33.59%32.16%45.89%45.63%48.97%52.83%45.20%49.11%44.15%-335.37%-3.61%-3.39%
Other Income 0.820.622.766.609.234.643.3513.0716.5428.2743.26-7.594.45
Interest 0.030.020.030.020.040.070.050.090.060.160.000.070.07
Depreciation 1.421.561.681.691.581.761.541.571.301.310.120.120.11
Profit before tax 11.826.907.4221.6222.6321.3625.2931.3339.2050.8840.39-9.263.18
Tax % 29.44%14.93%18.46%17.81%17.76%22.10%23.84%20.65%21.28%19.34%13.22%-11.12%26.73%
Net Profit 8.335.866.0617.7718.6016.6619.2624.8630.8741.0335.05-8.242.34
EPS in Rs 7.795.485.6616.6117.3815.5718.0023.2328.8538.3532.76-7.702.19

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:24 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 29.7544.1449.1252.6555.6964.1650.6556.1970.7088.58103.2741.8573.17
Expenses 18.4327.4132.2433.8832.7835.4730.2933.0637.0945.1055.0946.0775.74
Operating Profit 11.3216.7316.8818.7722.9128.6920.3623.1333.6143.4848.18-4.22-2.57
OPM % 38.05%37.90%34.36%35.65%41.14%44.72%40.20%41.16%47.54%49.09%46.65%-10.08%-3.51%
Other Income 0.262.474.672.136.20-12.581.449.3613.8716.4244.8135.66-3.14
Interest 0.030.150.220.400.480.350.110.070.150.170.300.070.14
Depreciation 2.572.642.222.843.162.932.993.373.333.112.610.240.23
Profit before tax 8.9816.4119.1117.6625.4712.8318.7029.0544.0056.6290.0831.13-6.08
Tax % 36.08%33.94%26.48%32.96%21.91%58.92%24.12%17.97%19.86%22.06%20.18%13.85%
Net Profit 5.7410.8414.0511.8519.895.2714.2023.8335.2644.1371.9026.82-5.90
EPS in Rs 11.9610.0413.0110.9718.424.9313.2722.2732.9541.2467.2025.07-5.51
Dividend Payout % 0.00%0.00%0.00%0.00%2.68%10.12%3.01%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)88.85%29.61%-15.66%67.85%-73.50%169.45%67.82%47.96%25.16%62.93%-62.70%
Change in YoY Net Profit Growth (%)0.00%-59.24%-45.27%83.51%-141.35%242.95%-101.63%-19.85%-22.81%37.77%-125.63%

Emkay Taps & Cutting Tools 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:-1%
5 Years:-4%
3 Years:-16%
TTM:-59%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-103%
Stock Price CAGR
10 Years:%
5 Years:45%
3 Years:11%
1 Year:-58%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:10%
Last Year:0%

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 0.851.781.781.781.7810.6710.6710.6710.6710.6710.6710.6710.67
Reserves 48.7156.2570.5882.68102.1597.88111.09135.08170.34215.25288.24277.02279.36
Borrowings 1.861.672.265.104.272.863.360.003.275.736.484.000.00
Other Liabilities 6.707.186.127.689.6516.5711.1913.0619.1725.1932.057.153.61
Total Liabilities 58.1266.8880.7497.24117.85127.98136.31158.81203.45256.84337.44298.84293.64
Fixed Assets 15.5713.9416.3918.1516.9917.1120.9519.0619.0316.4513.852.152.07
CWIP 0.000.000.000.530.001.440.080.080.000.000.000.000.00
Investments 24.4030.6136.3548.5570.8065.0478.3698.65144.10187.47254.75282.94286.39
Other Assets 18.1522.3328.0030.0130.0644.3936.9241.0240.3252.9268.8413.755.18
Total Assets 58.1266.8880.7497.24117.85127.98136.31158.81203.45256.84337.44298.84293.64

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7.847.825.1911.7019.2113.7717.9315.2532.1425.4424.9019.28
Cash from Investing Activity + -7.79-4.03-5.88-14.89-17.31-11.27-17.25-12.41-34.85-27.71-22.9719.25
Cash from Financing Activity + 0.00-2.860.482.50-1.67-2.29-0.72-3.403.152.320.53-40.69
Net Cash Flow 0.050.93-0.21-0.690.240.21-0.04-0.570.440.052.46-2.16
Free Cash Flow 7.726.810.586.6317.809.3412.5413.7729.6724.9224.7630.74
CFO/OP 92%87%65%90%113%73%114%91%119%88%91%-590%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow9.4615.0614.6213.6718.6425.8317.0023.1330.3437.7541.70-8.22

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 9179829299941001179081841
Inventory Days 4846125468276056816351944175183500
Days Payable 8415081146211173988515715591
Cash Conversion Cycle 4915415487734936026372263504433431
Working Capital Days 13211514413511114115818193889512
ROCE %19%30%29%22%27%12%16%16%19%21%19%-0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Promoters 74.57%74.57%74.57%74.57%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
Public 25.44%25.43%25.43%25.44%25.01%25.01%25.01%25.01%25.00%25.01%25.01%25.01%
No. of Shareholders 87106961071351451592253383981,1401,398

Shareholding Pattern Chart

No. of Shareholders

Emkay Taps & Cutting Tools 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 24Mar 23
FaceValue 10.0010.00
Basic EPS (Rs.) 67.3841.35
Diluted EPS (Rs.) 67.3841.35
Cash EPS (Rs.) 69.8244.27
Book Value[Excl.RevalReserv]/Share (Rs.) 280.10211.71
Book Value[Incl.RevalReserv]/Share (Rs.) 280.10211.71
Revenue From Operations / Share (Rs.) 96.9483.04
PBDIT / Share (Rs.) 87.0756.11
PBIT / Share (Rs.) 84.6253.19
PBT / Share (Rs.) 84.4153.06
Net Profit / Share (Rs.) 67.3841.35
NP After MI And SOA / Share (Rs.) 67.3841.35
PBDIT Margin (%) 89.8167.56
PBIT Margin (%) 87.2964.05
PBT Margin (%) 87.0763.89
Net Profit Margin (%) 69.5049.79
NP After MI And SOA Margin (%) 69.5049.79
Return on Networth / Equity (%) 24.0519.53
Return on Capital Employeed (%) 30.1525.01
Return On Assets (%) 21.3017.18
Total Debt / Equity (X) 0.020.02
Current Ratio (X) 1.801.76
Quick Ratio (X) 1.371.19
Interest Coverage Ratio (X) 412.78419.60
Interest Coverage Ratio (Post Tax) (X) 320.41310.23
Enterprise Value (Cr.) 696.36318.17
EV / Net Operating Revenue (X) 6.733.59
EV / EBITDA (X) 7.495.31
MarketCap / Net Operating Revenue (X) 6.703.54
Price / BV (X) 2.321.39
Price / Net Operating Revenue (X) 6.703.54
EarningsYield 0.100.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Emkay Taps and Cutting Tools Ltd. is a Public Limited Listed company incorporated on 27/07/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29220MH1995PLC091091 and registration number is 091091. Currently Company is involved in the business activities of Manufacture of machine tools for turning, drilling, milling, shaping, planning, boring, grinding etc.. Company's Total Operating Revenue is Rs. 41.87 Cr. and Equity Capital is Rs. 10.67 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - GeneralB-27 & B-27/1, M.I.D.C. Industrial Area, Nagpur Maharashtra 440016Contact not found
Management
NamePosition Held
Mr. Ajayprakash KanoriaChairman & M.D & CEO
Mrs. Alka KanoriaWhole Time Director
Mr. Mahesh MorInd. Non-Executive Director
Mr. Ravindra LoiyaInd. Non-Executive Director
Mr. P C RamchandranInd. Non-Executive Director

FAQ

What is the intrinsic value of Emkay Taps & Cutting Tools Ltd and is it undervalued?

As of 13 April 2026, Emkay Taps & Cutting Tools Ltd's intrinsic value is ₹261.52, which is 182.72% higher than the current market price of ₹92.50, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (0.36 %), book value (₹271), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Emkay Taps & Cutting Tools Ltd?

Emkay Taps & Cutting Tools Ltd is trading at ₹92.50 as of 13 April 2026, with a FY2026-2027 high of ₹480 and low of ₹83.1. The stock is currently near its 52-week low. Market cap stands at ₹98.7 Cr..

How does Emkay Taps & Cutting Tools Ltd's P/E ratio compare to its industry?

Emkay Taps & Cutting Tools Ltd has a P/E ratio of , which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is Emkay Taps & Cutting Tools Ltd financially healthy?

Key indicators for Emkay Taps & Cutting Tools Ltd: ROCE of 0.35 % is on the lower side compared to the industry average of 37.74%; ROE of 0.36 % is below ideal levels (industry average: 16.87%). Dividend yield is 0.00 %.

Is Emkay Taps & Cutting Tools Ltd profitable and how is the profit trend?

Emkay Taps & Cutting Tools Ltd reported a net profit of ₹27 Cr in Mar 2025 on revenue of ₹42 Cr. Compared to ₹35 Cr in Mar 2022, the net profit shows a declining trend.

Does Emkay Taps & Cutting Tools Ltd pay dividends?

Emkay Taps & Cutting Tools Ltd has a dividend yield of 0.00 % at the current price of ₹92.50. 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 Emkay Taps & Cutting Tools 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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