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Embassy Developments Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹22.85Overvalued by 52.98%vs CMP ₹48.60

P/E (15.0) × ROE (2.5%) × BV (₹73.80) × DY (2.00%)

Defaults: P/E=15

₹39.80Overvalued by 18.11%vs CMP ₹48.60
MoS: -22.1% (Negative)Confidence: 38/100 (Low)Models: 2 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹23.1231%Over (-52.4%)
Graham NumberEarnings₹52.0323%Fair (+7.1%)
Net Asset ValueAssets₹73.3812%Under (+51%)
Earnings YieldEarnings₹16.3012%Over (-66.5%)
ROCE CapitalReturns₹66.6712%Under (+37.2%)
Revenue MultipleRevenue₹15.599%Over (-67.9%)
Consensus (6 models)₹39.80100%Overvalued
Key Drivers: ROE 2.5% is below cost of equity. | Wide model spread (₹16–₹73) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.2% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Embassy Developments Ltd operates in the Construction & Contracting segment, NSE: EMBDL | BSE: 532832, current market price is ₹48.60, market cap is 6,794 Cr.. At a glance, ROE is 2.53 %, ROCE is 3.19 %, book value is 73.8, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹39.80, around 18.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,180 Cr versus the prior period change of 83.5%, while latest net profit is about ₹194 Cr with a prior-period change of 137.5%. The 52-week range shown on this page is 128/39.4, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisEmbassy Developments Ltd. is a Public Limited Listed company incorporated on 04/04/2006 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is…

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

Investment Snapshot

51
Embassy Developments Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 3.2% WeakROE 2.5% WeakD/E 0.35 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money70/100 · Strong
FII holding up 9.37% (6mo) AccumulatingPromoter holding at 42.7% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-31% → 7%) ImprovingWorking capital: 935 days Capital intensive
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +36% YoY AcceleratingOPM: -72.0% (down 101.0% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 3.2% vs industry 13.1% Below peersROE 2.5% vs industry 12.5% Below peers3Y sales CAGR: 15% Moderate

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: May 5, 2026, 12:18 am

Market Cap 6,794 Cr.
Current Price 48.6
Intrinsic Value₹39.90
High / Low 128/39.4
Stock P/E
Book Value 73.8
Dividend Yield0.00 %
ROCE3.19 %
ROE2.53 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Embassy Developments Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Embassy Developments Ltd 6,794 Cr. 48.6 128/39.4 73.80.00 %3.19 %2.53 % 2.00
Hindustan Construction Company Ltd 5,855 Cr. 22.4 31.5/13.635.2 4.170.00 %25.2 %0.70 % 1.00
Patel Engineering Ltd 2,842 Cr. 28.7 44.8/22.07.50 39.60.00 %15.4 %10.4 % 1.00
Peninsula Land Ltd 560 Cr. 16.9 46.0/13.8 6.210.00 %4.26 %12.3 % 2.00
Tantia Constructions Ltd 362 Cr. 23.4 38.8/19.43.59 19.90.00 %17.2 %36.4 % 1.00
Industry Average3,282.60 Cr28.0015.4328.740.00%13.05%12.47%1.40

All Competitor Stocks of Embassy Developments Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 13310819696101380490475325889681493212
Expenses 378463254119134372514399231881692545365
Operating Profit -245-355-58-23-338-2476948-11-52-152
OPM % -185%-328%-29%-24%-33%2%-5%16%29%1%-2%-11%-72%
Other Income 15-14-6161211226824265134447
Interest 31134150115101106139160135113
Depreciation 33333225357920
Profit before tax -236-373-677-16-28-122-73-27-11129-165-152-239
Tax % 0%1%0%11%36%-26%-272%5%134%5%1%0%-2%
Net Profit -237-376-679-18-38-99121-34-27123-166-153-234
EPS in Rs -4.38-6.94-12.55-0.34-0.71-1.831.93-0.54-0.331.06-1.21-1.11-1.68

Last Updated: March 4, 2026, 9:06 am

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,7362,6412,9592,3204,5034,9443,2711,5211,4455871,1882,1802,276
Expenses 1,2252,0302,0621,6671,1973,8972,4721,3411,4469421,1821,8872,483
Operating Profit 5116118986533,3061,047799180-1-3566293-207
OPM % 29%23%30%28%73%21%24%12%-0%-61%1%13%-9%
Other Income 64951375182292789014096-16729210370
Interest 22033650156174446448122811028556461548
Depreciation 2120697197173117121271541
Profit before tax 3343514645392,69484437875-27-563-52727-426
Tax % 39%23%31%34%12%40%68%94%409%8%-8%-643%
Net Profit 2032713213572,3605041215-137-608-517194-429
EPS in Rs 5.285.846.418.3049.9911.192.650.09-3.00-11.23-9.181.63-2.94
Dividend Payout % 57%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)33.50%18.45%11.21%561.06%-78.64%-75.99%-95.87%-2840.00%-343.80%14.97%137.52%
Change in YoY Net Profit Growth (%)0.00%-15.05%-7.24%549.85%-639.71%2.65%-19.88%-2744.13%2496.20%358.76%122.56%

Embassy Developments 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:-2%
5 Years:-8%
3 Years:15%
TTM:101%
Compounded Profit Growth
10 Years:-3%
5 Years:4%
3 Years:48%
TTM:78%
Stock Price CAGR
10 Years:4%
5 Years:9%
3 Years:2%
1 Year:-27%
Return on Equity
10 Years:7%
5 Years:-4%
3 Years:-5%
Last Year:3%

Last Updated: September 5, 2025, 7:05 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 858592879590919091108108244274
Reserves 6,7897,0853,9013,9562,8502,8603,4673,3923,3243,122-1,5559,0779,984
Borrowings 2,9776,5448,9039,4107,6487,0332,7371,2231,3296937,7494,5944,714
Other Liabilities 3,6173,1305,2265,1159,4876,2094,9924,0513,0072,6643,6376,5725,885
Total Liabilities 13,46916,84418,12218,56820,08016,19211,2878,7577,7516,5879,93920,48820,857
Fixed Assets 3041121123,7879521891358696833,7376,0895,929
CWIP 8812701000000090
Investments 5,5665,8292,9898753,8592,56813214526915786798298
Other Assets 7,51010,77615,02113,90415,26913,43411,0208,5267,3856,3475,33514,29114,630
Total Assets 13,46916,84418,12218,56820,08016,19211,2878,7577,7516,5879,93920,48820,857

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 578-2,830973639-891-1,159-432853-248-343-971,461
Cash from Investing Activity + -1,337-81235-5411551,7841,76897128066196507
Cash from Financing Activity + 5293,315-695-8342,057-1,695-1,890-1,791-64-331-8-1,971
Net Cash Flow -230403513-7351,321-1,071-55533-31-13-10-3
Free Cash Flow 551-2,882934607-1,100-1,196-440854-248-343-1001,461
CFO/OP 129%-429%125%138%-20%-107%-40%444%25,878%121%-1,450%498%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow509.00605.00890.00644.00-4.00-6.00797.00179.00-2.00-1,049.00-1.00289.00

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 21224086021209726947729
Inventory Days 6,71110,9262,3775,0512,595
Days Payable 209432217320126
Cash Conversion Cycle 6,5222240811,09612,1804,7402,5416947729
Working Capital Days 6116928361,095-562193847647892,186-505935
ROCE %6%6%7%7%27%13%11%5%2%-7%1%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%43.36%42.44%42.66%42.65%
FIIs 21.43%22.58%23.59%23.11%24.58%28.90%30.14%29.78%15.93%28.13%26.65%25.30%
DIIs 1.37%0.89%1.07%1.78%0.41%3.42%5.02%5.38%3.52%3.66%3.63%3.38%
Public 77.10%76.41%75.23%75.01%74.89%67.60%64.75%64.73%37.14%25.75%27.01%28.63%
Others 0.11%0.11%0.11%0.11%0.11%0.09%0.09%0.09%0.05%0.04%0.04%0.04%
No. of Shareholders 3,14,1583,06,4383,16,6653,12,3563,04,7623,59,4793,14,9992,95,3332,73,9682,70,3602,73,4382,68,704

Shareholding Pattern Chart

No. of Shareholders

Embassy Developments 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
Quant Multi Cap Fund 22,852,575 2.03 151.35N/AN/AN/A
Quant Small Cap Fund 7,962,774 0.19 52.74N/AN/AN/A
Quant ELSS Tax Saver Fund 5,188,813 0.29 34.37N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 2.76-19.20-11.29-3.000.10
Diluted EPS (Rs.) 2.65-19.20-11.29-3.000.10
Cash EPS (Rs.) 1.78-18.98-11.00-2.760.48
Book Value[Excl.RevalReserv]/Share (Rs.) 76.2843.0359.9266.2467.96
Book Value[Incl.RevalReserv]/Share (Rs.) 76.2843.0359.9266.2467.96
Revenue From Operations / Share (Rs.) 17.847.6510.8431.8933.69
PBDIT / Share (Rs.) 4.34-6.90-8.952.107.09
PBIT / Share (Rs.) 4.22-7.11-9.171.836.71
PBT / Share (Rs.) 0.22-18.90-10.40-0.591.67
Net Profit / Share (Rs.) 1.66-19.19-11.23-3.030.10
NP After MI And SOA / Share (Rs.) 1.63-19.20-11.24-3.020.09
PBDIT Margin (%) 24.35-90.17-82.506.5821.05
PBIT Margin (%) 23.67-92.91-84.575.7419.92
PBT Margin (%) 1.25-247.17-95.89-1.864.94
Net Profit Margin (%) 9.30-250.93-103.54-9.500.31
NP After MI And SOA Margin (%) 9.15-251.00-103.68-9.460.28
Return on Networth / Equity (%) 2.14-44.60-18.83-4.570.14
Return on Capital Employeed (%) 3.84-11.97-12.362.097.47
Return On Assets (%) 0.97-17.76-9.34-1.760.04
Long Term Debt / Equity (X) 0.260.110.050.110.12
Total Debt / Equity (X) 0.480.120.070.430.35
Asset Turnover Ratio (%) 0.160.060.000.000.00
Current Ratio (X) 1.942.062.451.871.72
Quick Ratio (X) 0.230.240.510.410.40
Inventory Turnover Ratio (X) 0.250.000.000.000.00
Interest Coverage Ratio (X) 1.15-40.39-17.510.861.41
Interest Coverage Ratio (Post Tax) (X) 1.50-43.29-19.58-0.241.02
Enterprise Value (Cr.) 18267.996459.172772.455791.044557.11
EV / Net Operating Revenue (X) 8.3815.614.724.013.00
EV / EBITDA (X) 34.41-17.31-5.7360.9014.23
MarketCap / Net Operating Revenue (X) 6.4915.164.503.182.41
Price / BV (X) 1.522.690.811.541.20
Price / Net Operating Revenue (X) 6.4915.164.503.182.41
EarningsYield 0.01-0.16-0.23-0.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Embassy Developments Ltd. is a Public Limited Listed company incorporated on 04/04/2006 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L45101HR2006PLC095409 and registration number is 148314. Currently Company is involved in the business activities of Management consultancy activities. Company's Total Operating Revenue is Rs. 2112.36 Cr. and Equity Capital is Rs. 244.39 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
RealtyOffice No 01-1001, WeWork, Blue One Square Udyog Vihar, Gurgaon Haryana 122016Contact not found
Management
NamePosition Held
Mr. Jitendra VirwaniChairman (Non - Executive) & Non Independent Direc
Mr. Aditya VirwaniManaging Director
Mr. Sachin ShahExecutive Director & CEO
Mr. Rajesh KaimalExecutive Director & CFO
Mr. K G KrishnamurthyIndependent Director
Mr. Shyamm MariwalaIndependent Director
Mr. Javed TapiaIndependent Director
Ms. Tarana LalwaniIndependent Woman Director

FAQ

What is the intrinsic value of Embassy Developments Ltd and is it undervalued?

As of 05 May 2026, Embassy Developments Ltd's intrinsic value is ₹39.80, which is 18.11% lower than the current market price of ₹48.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.53 %), book value (₹73.8), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Embassy Developments Ltd is trading at ₹48.60 as of 05 May 2026, with a FY2026-2027 high of ₹128 and low of ₹39.4. The stock is currently near its 52-week low. Market cap stands at ₹6,794 Cr..

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

Embassy Developments Ltd has a P/E ratio of , which is below the industry average of 15.43. This is broadly in line with or below the industry average.

Is Embassy Developments Ltd financially healthy?

Key indicators for Embassy Developments Ltd: ROCE of 3.19 % is on the lower side compared to the industry average of 13.05%; ROE of 2.53 % is below ideal levels (industry average: 12.47%). Dividend yield is 0.00 %.

Is Embassy Developments Ltd profitable and how is the profit trend?

Embassy Developments Ltd reported a net profit of ₹194 Cr in Mar 2025 on revenue of ₹2,180 Cr. Compared to ₹-137 Cr in Mar 2022, the net profit shows an improving trend.

Does Embassy Developments Ltd pay dividends?

Embassy Developments Ltd has a dividend yield of 0.00 % at the current price of ₹48.60. The company is currently not paying meaningful dividends.

Last Updated: May 5, 2026, 12:18 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532832 | NSE: EMBDL
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 Embassy Developments 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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