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EMS Ltd.
(EMSLIMITED)
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Rating:58Neutral
Price Target:
₹291.00
▼(-27.98% Downside)
Action:Reiterated
Date:10/12/26
The score is held back primarily by inconsistent and often negative operating/free cash flow and a recent FY2026 revenue and margin downturn. Technicals add pressure with a strong downtrend despite oversold readings. A moderate P/E and low dividend yield provide limited valuation support.
Positive Factors
Low Leverage
Conservative leverage gives EMS Ltd. financial flexibility while it executes infrastructure projects and manages uneven cash conversion. A growing equity base and limited debt burden reduce balance-sheet stress, helping the company fund operations and withstand periods of weaker profitability.
Negative Factors
Unreliable Cash Generation
Recurring negative operating and free cash flow shows that reported profits have not consistently translated into cash. Working-capital and project-timing pressures can constrain self-funded growth, increase reliance on financing, and make earnings quality less dependable over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Conservative leverage gives EMS Ltd. financial flexibility while it executes infrastructure projects and manages uneven cash conversion. A growing equity base and limited debt burden reduce balance-sheet stress, helping the company fund operations and withstand periods of weaker profitability.
Read all positive factors
EMS Ltd. (EMSLIMITED) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.56B
Dividend Yield0.53%
Average Volume (3M)7.84K
Price to Earnings (P/E)22.9
Beta (1Y)1.36
Revenue Growth-33.85%
EPS Growth-63.10%
CountryIN
Employees624
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)12.27
Shares Outstanding55,530,807
10 Day Avg. Volume7,974
30 Day Avg. Volume7,845
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)1.37
Price to Sales (P/S)1.97
P/FCF Ratio-10.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EMS Ltd. Business Overview & Revenue Model
Company Description
EMS Limited focuses on the engineering, construction, and implementation of systems for water, wastewater, and liquid domestic waste purification. The company is also a leading provider of comprehensive, integrated solutions, encompassing the full...
EMS Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
82
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.51B | 7.33B | 9.66B | 7.93B | 5.38B | 3.60B |
| Gross Profit | 1.43B | 1.73B | 2.63B | 2.19B | 1.85B | 1.31B |
| EBITDA | 1.17B | 1.53B | 2.67B | 2.13B | 1.55B | 1.10B |
| Net Income | 681.28M | 905.30M | 1.84B | 1.52B | 1.09B | 789.28M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.31B | 11.65B | 9.70B | 6.39B | 5.03B |
| Cash, Cash Equivalents and Short-Term Investments | 589.51M | 589.51M | 1.08B | 848.95M | 1.21B | 899.24M |
| Total Debt | 0.00 | 1.54B | 859.90M | 706.55M | 453.96M | 37.76M |
| Total Liabilities | -10.58B | 2.72B | 1.87B | 1.70B | 1.49B | 1.21B |
| Stockholders Equity | 10.58B | 10.55B | 9.76B | 7.98B | 4.88B | 3.80B |
Cash Flow | ||||||
| Free Cash Flow | -1.04B | -1.35B | 276.24M | -1.49B | -45.01M | 83.58M |
| Operating Cash Flow | -311.54M | -623.61M | 339.68M | -1.16B | 41.98M | 226.37M |
| Investing Cash Flow | -511.71M | -721.87M | 103.26M | -695.24M | -214.18M | -147.79M |
| Financing Cash Flow | 719.34M | 574.93M | 92.88M | 1.76B | 378.41M | 27.64M |
EMS Ltd. Technical Analysis
Negative
404.05
Price Trends
347.75
Negative
369.81
Negative
347.76
Negative
Market Momentum
-18.49
Positive
23.30
Positive
14.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EMSLIMITED, the sentiment is Negative. The current price of 404.05 is above the 20-day moving average (MA) of 310.29, above the 50-day MA of 347.75, and above the 200-day MA of 347.76, indicating a bearish trend. The MACD of -18.49 indicates Positive momentum. The RSI at 23.30 is Positive, neither overbought nor oversold. The STOCH value of 14.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EMSLIMITED.
EMS Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹38.11B | 14.02 | ― | 1.24% | 18.73% | ― | |
61 Neutral | ₹68.39B | 17.48 | ― | 0.07% | 15.79% | 22.69% | |
58 Neutral | ₹15.56B | 22.89 | ― | 0.53% | -33.85% | -63.10% | |
57 Neutral | ₹67.61B | 34.51 | ― | 0.65% | 19.79% | -16.99% | |
57 Neutral | ₹10.60B | 5.78 | ― | 0.45% | 74.28% | 47.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹20.35B | -1.63 | ― | 1.78% | -38.23% | -10.95% |
* General Sector Average
IN:EMSLIMITED
EMS Ltd.
280.25
-246.33
-46.78%
IN:BGRENERGY
BGR Energy Systems Limited
282.00
-154.95
-35.46%
IN:GVPIL
GE Power India Ltd.
566.85
265.62
88.18%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
919.55
47.42
5.44%
IN:KPEL
K.P. Energy Ltd.
156.30
-262.51
-62.68%
IN:POWERMECH
Power Mech Projects Ltd.
2,163.15
-330.26
-13.25%
EMS Ltd. Corporate Events
EMS Limited Files SEBI Depository Compliance Certificate for September Quarter
Oct 3, 2026
EMS Limited has submitted a compliance certificate to the BSE and National Stock Exchange, confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The filing ...
EMS Ltd. closes trading window ahead of upcoming unaudited results
Sep 28, 2026
EMS Ltd. has announced that its trading window for dealing in company shares will be closed for all designated persons and their immediate relatives from October 1, 2026, until 48 hours after the announcement of its unaudited financial results for...
EMS Limited bags Rs 105.82 crore sewerage contract from UP Jal Nigam in Varanasi
Aug 20, 2026
EMS Limited has received a Letter of Acceptance from UP Jal Nigam (Urban), Varanasi for a major sewerage project in the Ramnagar zone extended area of Nagar Nigam Varanasi. The domestic contract, awarded with EMS as the lowest bidder, covers surve...
EMS Limited Wins Rs. 222 Crore Rajasthan Water Infrastructure Bid
Aug 20, 2026
EMS Limited has secured lowest bidder status from the Public Health Engineering Department of the Government of Rajasthan for a major water infrastructure project in Udaipur district. The contract covers design, construction and commissioning of a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.