ALFA Finder| Management target | Revenue 20.0% |
|---|
| Revenue growth | Revenue +23% consolidated; standalone operating income +28%; sequential +30%. |
|---|---|
| Margins | EBITDA margin 22.3%; profit growth outpacing revenue; no peer margin data given. |
| Order book | ₹3,152 Cr unexecuted; ₹900 Cr added in Q2; ~40% execution factor cited. |
| Demand visibility | Strong government water/sewage demand; ~₹1 lakh Cr/yr execution need cited; payment delays. |
| Management confidence | Balanced to optimistic; hedged language ('hopeful', 'expect'); concedes monsoon setback. |
Growth
Revenue +23% (consolidated), standalone operating income +28%; ~30% sequential revenue and ~50% EBITDA/PAT rise vs Q1, off a weak base.
Outlook
Guides ~20% revenue growth over 2-3 years; ~₹1,200 Cr revenue in coming years; EBITDA margin ~25% by Q4.
Risks
Receivables ~₹450 Cr (≈2.8x quarterly revenue) with 6+ month delays; 67% of revenue from Uttarakhand, monsoon-exposed.
Last quarter's promises, checked
Delivered
- No capex plan → no own capex, machinery only (= BEAT)
Partly delivered
- FY27 rev ₹900–950 Cr → H1 ₹318 Cr; H2 needs ₹582–632 Cr (= PARTIAL)
- EBITDA ~25%, PAT ~15% → Q2 22.3%, 14.2% (= PARTIAL)
- FY27 growth ≥50% → Q2 YoY +23% (= PARTIAL)
Missed
- Q2 rev +30–35% vs Q1 → +2.3% (₹160.9 vs ₹157.2 Cr consol.) (= MISS)
- ~120 WC days → receivables ~₹450 Cr ≈255 days of qtr rev (= MISS)
Earnings Call Transcript filed with BSE, NSE: EMSLIMITED. Summary written with AI assistance from the document.
EMS Ltd: key numbers
- Share price
- ₹314.65
- Market cap
- ₹1,747 Cr
- Revenue (annual)
- ₹732.8 Cr
- Net profit (annual)
- ₹90.53 Cr
- P/E (TTM)
- 27.6×Sector 21.5×
- Promoter holding
- 69.70%+0.00% QoQ
- FII holding
- 0.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from EMS Ltd
All →EMS Q2 FY27 Results: Net Profit ₹23.4 Cr, Down 16.7% YoY
EMS Ltd reported revenue from operations of ₹193.9 Cr (+11.8% YoY) and net profit of ₹23.4 Cr (-16.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹23.4 Cr · -16.7% YoY
EMS Board Meeting Date
EMS Limited will consider unaudited standalone and consolidated half-year results at a board meeting on 12 November 2026. Trading window stays closed until 14 November 2026.
EMS Bags ₹129.8 Cr Order from Municipal Corporation Jodhpur
EMS Ltd received an LOA from Municipal Corporation Jodhpur for sewerage work under AMRUT 2.0 valued at ₹129.80 Crore. Execution period is 24 months.
- Value
- ₹129.8 Cr
- From
- Municipal Corporation Jodhpur
- Execution
- 24 months
EMS Other Announcement
EMS Limited filed its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.
EMS Annual General Meeting
EMS Ltd conducted its 16th Annual General Meeting on September 26, 2026, approving financial statements, director reappointment, and a final dividend of ₹1.50 per share.
EMS Bags ₹218.7 Cr Order
EMS Limited received L-1 status from the Government of Rajasthan for a sewerage project worth ₹218.65 Crore. The order spans 18 months for municipal work.
- Value
- ₹218.7 Cr
- Execution
- 18 Months