EMS Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of EMS Ltd and is it undervalued?

As of 22 April 2026, EMS Ltd's intrinsic value is 311.48, which is 9.68% higher than the current market price of 284.00, suggesting the stock is undervalued. Calculated using the PE ratio method factoring in ROE (20.7 %), book value (187), dividend yield (0.53 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of EMS Ltd?

EMS Ltd is trading at 284.00 as of 22 April 2026, with a FY2026-2027 high of 695 and low of 256. The stock is currently near its 52-week low. Market cap stands at 1,575 Cr..

Q: Is EMS Ltd financially healthy?

Key indicators: ROCE of 26.9 % indicates efficient capital utilization. Dividend yield is 0.53 %.

Q: Is EMS Ltd profitable and how is the profit trend?

EMS Ltd reported a net profit of 184 Cr in Mar 2025 on revenue of 966 Cr. Compared to 79 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹373.58Undervalued by 31.54%vs CMP ₹284.00

P/E (12.0) × ROE (20.7%) × BV (₹187.00) × DY (0.53%)

₹311.48Fairly Valued by 9.68%vs CMP ₹284.00

MoS: +8.8% (Thin)Confidence: 48/100 (Moderate)Models: 4 Under, 5 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹355.72	23%	Under (+25.3%)
Graham Number	Earnings	₹315.71	14%	Under (+11.2%)
Earnings Power	Earnings	₹196.90	11%	Over (-30.7%)
DCF	Cash Flow	₹206.10	14%	Over (-27.4%)
Net Asset Value	Assets	₹187.89	7%	Over (-33.8%)
EV/EBITDA	Enterprise	₹446.29	9%	Under (+57.1%)
Earnings Yield	Earnings	₹236.90	7%	Over (-16.6%)
ROCE Capital	Returns	₹596.16	9%	Under (+109.9%)
Revenue Multiple	Revenue	₹174.19	6%	Over (-38.7%)
Consensus (9 models)		₹311.48	100%	Fairly Valued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.8%

*Investments are subject to market risks

Analyst Summary

EMS Ltd operates in the Water Supply & Management segment, NSE: EMSLIMITED | BSE: 543983, current market price is ₹284.00, market cap is 1,575 Cr.. At a glance, stock P/E is 12.0, ROE is 20.7 %, ROCE is 26.9 %, book value is 187, dividend yield is 0.53 %. The latest intrinsic value estimate is ₹311.48, which is about 9.7% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹966 Cr versus the prior period change of 21.8%, while latest net profit is about ₹184 Cr with a prior-period change of 20.3%. The 52-week range shown on this page is 695/256, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisEMS Ltd. is a Public Limited Listed company incorporated on 21/12/2010 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L45205DL2010PLC2116…

This summary is generated from the stock page data available for EMS Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

EMS Ltd scores 51/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health88/100 · Strong

ROCE 26.9% ExcellentROE 20.7% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding up 0.02% (6mo) Slight increaseDII holding down 0.57% MF sellingPromoter holding at 69.7% Stable

Earnings Quality30/100 · Weak

OPM contracting (30% → 26%) DecliningWorking capital: 187 days Capital intensive

Quarterly Momentum15/100 · Weak

Revenue (4Q): -5% YoY DecliningProfit (4Q): -29% YoY DecliningOPM: 15.0% (down 14.0% YoY) Margin pressure

Industry Rank60/100 · Moderate

P/E 12.0 vs industry 12.0 In-lineROCE 26.9% vs industry 26.9% Average3Y sales CAGR: 39% High growth

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, 4:33 am

Market Cap	1,575 Cr.
Current Price	284
Intrinsic Value	₹311.48
High / Low	695/256
Stock P/E	12.0
Book Value	187
Dividend Yield	0.53 %
ROCE	26.9 %
ROE	20.7 %
Face Value	10.0
PEG Ratio	-2.51

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for EMS Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
EMS Ltd	1,575 Cr.	284	695/256	12.0	187	0.53 %	26.9 %	20.7 %	10.0
Industry Average	1,575.00 Cr	284.00		12.00	187.00	0.53%	26.90%	20.70%	10.00

All Competitor Stocks of EMS Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	151	190	138	211	200	245	206	233	245	270	239	173	200
Expenses	109	143	106	154	153	178	156	165	174	205	185	136	170
Operating Profit	43	48	32	57	47	68	50	69	71	65	54	37	31
OPM %	28%	25%	23%	27%	23%	28%	24%	29%	29%	24%	23%	21%	15%
Other Income	1	2	1	8	6	1	2	2	3	2	2	4	3
Interest	1	1	2	2	1	2	1	1	1	2	3	3	3
Depreciation	1	1	1	1	1	3	2	2	3	3	3	2	3
Profit before tax	42	48	31	62	51	64	49	67	70	63	51	36	27
Tax %	28%	25%	25%	26%	26%	26%	25%	26%	27%	25%	25%	23%	29%
Net Profit	30	36	23	45	37	47	37	50	51	47	38	28	19
EPS in Rs				8.15	6.72	8.53	6.68	8.94	9.09	8.39	6.82	5.09	3.39

Last Updated: March 3, 2026, 10:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:46 am

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	326	331	360	538	793	966	883
Expenses	230	232	247	388	589	712	696
Operating Profit	96	99	113	150	204	254	187
OPM %	30%	30%	31%	28%	26%	26%	21%
Other Income	7	5	3	5	16	16	11
Interest	3	4	6	4	6	11	11
Depreciation	2	2	3	3	7	10	10
Profit before tax	98	98	107	148	207	249	177
Tax %	26%	27%	27%	26%	26%	26%
Net Profit	72	72	79	109	153	184	132
EPS in Rs					27.44	33.05	23.69
Dividend Payout %	0%	0%	0%	0%	7%	5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	0.00%	9.72%	37.97%	40.37%	20.26%
Change in YoY Net Profit Growth (%)	0.00%	9.72%	28.25%	2.39%	-20.11%

EMS Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

Growth

Last Updated: September 5, 2025, 3:21 pm

Balance Sheet

Last Updated: March 3, 2026, 12:56 am

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12	12	12	47	56	56	56
Reserves	218	290	368	444	743	920	986
Borrowings	16	4	4	45	71	86	165
Other Liabilities	62	73	119	103	101	104	111
Total Liabilities	308	378	503	639	970	1,165	1,317
Fixed Assets	31	36	51	54	94	96	126
CWIP	0	3	0	4	0	0	37
Investments	0	0	1	2	10	18	10
Other Assets	276	340	451	579	866	1,052	1,143
Total Assets	308	378	503	639	970	1,165	1,317

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	47	36	23	4	-116	34
Cash from Investing Activity +	-27	-8	-15	-21	-83	19
Cash from Financing Activity +	-6	-11	3	38	176	1
Net Cash Flow	15	16	11	21	-23	54
Free Cash Flow	21	27	9	-4	-140	27
CFO/OP	50%	36%	20%	31%	-36%	38%

Free Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	80.00	95.00	109.00	105.00	133.00	168.00

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

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	44	103	160	84	112	142
Inventory Days
Days Payable
Cash Conversion Cycle	44	103	160	84	112	142
Working Capital Days	125	183	219	137	180	187
ROCE %		37%	33%	33%	29%	27%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	69.70%	69.70%	69.70%	69.70%	69.70%	69.70%	69.70%	69.70%	69.70%	69.70%
FIIs	7.23%	4.09%	2.78%	0.88%	0.75%	0.66%	0.19%	0.17%	0.15%	0.21%
DIIs	1.78%	1.45%	1.43%	1.58%	1.08%	0.40%	0.61%	0.40%	0.35%	0.04%
Public	21.28%	24.75%	26.08%	27.84%	28.46%	29.24%	29.51%	29.72%	29.79%	30.05%
No. of Shareholders	46,765	38,767	43,841	58,971	94,855	1,14,561	1,28,071	1,29,977	1,28,706	1,24,117

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Navi Flexi Cap Fund	106,000	2.13	5.6	30,000	2025-10-17 02:28:48	253.33%
Navi Aggressive Hybrid Fund	33,737	1.41	1.78	56,737	2025-11-03 11:37:17	-40.54%
Navi Large & Midcap Fund	10,500	0.17	0.55	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	33.05	29.38	23.16	67.27	61.24
Diluted EPS (Rs.)	33.05	29.38	23.16	67.27	61.24
Cash EPS (Rs.)	34.83	28.67	23.88	69.32	62.68
Book Value[Excl.RevalReserv]/Share (Rs.)	175.70	144.16	104.86	324.36	257.09
Book Value[Incl.RevalReserv]/Share (Rs.)	175.70	144.16	104.86	324.36	257.09
Revenue From Operations / Share (Rs.)	173.93	142.86	114.50	306.26	281.45
PBDIT / Share (Rs.)	48.09	39.55	33.00	98.52	88.83
PBIT / Share (Rs.)	46.35	38.37	32.28	96.37	87.36
PBT / Share (Rs.)	44.84	37.24	31.46	91.48	83.57
Net Profit / Share (Rs.)	33.09	27.49	23.16	67.17	61.20
NP After MI And SOA / Share (Rs.)	33.05	27.44	22.91	66.51	61.18
PBDIT Margin (%)	27.64	27.68	28.82	32.16	31.56
PBIT Margin (%)	26.65	26.85	28.19	31.46	31.03
PBT Margin (%)	25.77	26.06	27.47	29.87	29.69
Net Profit Margin (%)	19.02	19.24	20.22	21.93	21.74
NP After MI And SOA Margin (%)	19.00	19.20	20.01	21.71	21.73
Return on Networth / Equity (%)	18.81	19.09	21.94	20.55	23.80
Return on Capital Employeed (%)	23.98	24.18	26.92	28.74	32.87
Return On Assets (%)	15.75	15.70	16.78	15.55	19.00
Long Term Debt / Equity (X)	0.08	0.08	0.09	0.01	0.01
Total Debt / Equity (X)	0.08	0.08	0.09	0.01	0.01
Asset Turnover Ratio (%)	0.90	0.98	0.94	0.00	0.90
Current Ratio (X)	8.15	6.14	5.41	3.82	4.54
Quick Ratio (X)	7.63	5.14	4.06	3.32	4.00
Inventory Turnover Ratio (X)	14.10	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	3.02	3.64	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	2.87	3.49	0.00	0.00	0.00
Earning Retention Ratio (%)	96.98	96.36	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	97.13	96.51	0.00	0.00	0.00
Interest Coverage Ratio (X)	31.66	34.95	40.38	20.15	23.44
Interest Coverage Ratio (Post Tax) (X)	22.79	25.29	29.34	14.74	17.15
Enterprise Value (Cr.)	3358.69	2183.92	0.00	0.00	0.00
EV / Net Operating Revenue (X)	3.48	2.75	0.00	0.00	0.00
EV / EBITDA (X)	12.58	9.94	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	3.55	2.81	0.00	0.00	0.00
Retention Ratios (%)	96.97	96.35	0.00	0.00	0.00
Price / BV (X)	3.52	2.79	0.00	0.00	0.00
Price / Net Operating Revenue (X)	3.55	2.81	0.00	0.00	0.00
EarningsYield	0.05	0.06	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

EMS Ltd. is a Public Limited Listed company incorporated on 21/12/2010 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L45205DL2010PLC211609 and registration number is 211609. Currently Company is involved in the business activities of Water collection, treatment and supply. Company's Total Operating Revenue is Rs. 940.62 Cr. and Equity Capital is Rs. 55.53 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Water Supply & Management	701, DLF Tower A, Jasola, New Delhi Delhi 110025	Contact not found

Management
Name	Position Held
Mr. Ramveer Singh	Chairman & Director
Mr. Ashish Tomar	Managing Director & CFO
Mrs. Kritika Tomar	Whole Time Director
Ms. Swati Jain	Ind. Non-Executive Director
Mr. Mukesh Garg	Ind. Non-Executive Director
Mrs. Chetna	Ind. Non-Executive Director
Mr. Achal Kapoor	Ind. Non-Executive Director

FAQ

What is the intrinsic value of EMS Ltd and is it undervalued?

As of 22 April 2026, EMS Ltd's intrinsic value is ₹311.48, which is 9.68% higher than the current market price of ₹284.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (20.7 %), book value (₹187), dividend yield (0.53 %), and 5-year EPS CAGR.

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

EMS Ltd is trading at ₹284.00 as of 22 April 2026, with a FY2026-2027 high of ₹695 and low of ₹256. The stock is currently near its 52-week low. Market cap stands at ₹1,575 Cr..

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

EMS Ltd has a P/E ratio of 12.0, which is below the industry average of 12.00. This is broadly in line with or below the industry average.

Is EMS Ltd financially healthy?

Key indicators for EMS Ltd: ROCE of 26.9 % indicates efficient capital utilization; ROE of 20.7 % shows strong shareholder returns. Dividend yield is 0.53 %.

Is EMS Ltd profitable and how is the profit trend?

EMS Ltd reported a net profit of ₹184 Cr in Mar 2025 on revenue of ₹966 Cr. Compared to ₹79 Cr in Mar 2022, the net profit shows an improving trend.

Does EMS Ltd pay dividends?

EMS Ltd has a dividend yield of 0.53 % at the current price of ₹284.00. The company pays dividends, though the yield is modest.