āagman

Not investment advice. Data and computed figures, for information only.

Emami Ltd

NSE: EMAMILTD
₹373.60
−₹4.60 (−1.22%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹16,126 Cr
CMP
₹373.60
52-wk High / Low
₹556 / 361
P/E
21.3
P/B
5.5
Book Value
₹67.0
Div Yield
2.71%
ROCE
28.0%
ROE
26.2%
Face Value
₹1
D/E
0.06

Price−31.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹164
√(22.5 × EPS × book value per share)
ROIC
23.2%
vs 13.1% sector median
Cash flow to profit
1.03
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−180
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
11.1%
ROE × earnings retention ratio
ROE stability
5.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.70DII +0.09
Latest quarter vs the previous one
Cash-accrual divergence
−0.7%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 28% vs the 2026 sector median of 19%)
+Borrowings are down 75.9% since FY2016 (671 to 162)
+Promoter holding rose by 0.6pp over the last year
+PE of 21.3x is below the sector median of 34.6x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 32.8% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8268659968919068911,0499639047991,1529251,039
Expenses636632682682692645715744692622768739815
Operating Profit190233314209214246334219212177384186225
OPM %23.0%26.9%31.5%23.5%23.6%27.6%31.8%22.7%23.5%22.2%33.3%20.1%21.7%
Other Income811111110221521222192318
Interest2233222323336
Depreciation46464648444546444445454243
Profit before tax150196276169178220301194187150345164195
Net Profit137180261147151211279162164148319143139
EPS (₹)3.144.095.923.413.504.876.393.723.763.407.323.283.15

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0762,3582,4882,5312,6952,6552,8813,1923,4063,5783,8093,7803,915
Expenses1,5361,6701,7291,8121,9701,9702,0002,2542,5502,6322,7962,8202,943
Operating Profit5416887597197256858809388559461,014960972
OPM %26.1%29.2%30.5%28.4%26.9%25.8%30.5%29.4%25.1%26.4%26.6%25.4%24.8%
Other Income91443119254669906941687572
Interest5545834212113571091114
Depreciation34255309311325336367335247186178177176
Profit before tax592423424393403374569688670791894846854
Net Profit485363340306303302455837627724803775750
EPS (₹)10.708.007.506.776.686.6710.2319.0214.5016.5818.4817.7617.15

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital232323234545444444444444—
Reserves1,2081,5891,7321,9912,0311,7781,7182,0322,2592,4032,6512,880—
Borrowings36671473326110210101282919490162—
Other Liabilities410409376458633644656692703728741745—
Total Liabilities1,6762,6922,6032,7982,8192,6782,5203,0503,0963,2693,5253,831—
Fixed Assets4531,9181,9941,8021,6801,4591,1321,3441,2451,114984886—
CWIP296722303686368151—
Investments501104128314187156255303293442676834—
Other Assets6936044606529151,0551,1261,4001,5511,7061,8502,108—
Total Assets1,6762,6922,6032,7982,8192,6782,5203,0503,0963,2693,5253,831—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity428534562730588554531922644749779896801
Cash from Investing Activity−140−237−1,313−306−276−26−231−224−234−122−210−345−174
Cash from Financing Activity−301−215502−496−324−428−405−688−402−608−563−500−554
Net Cash Flow−1382−249−72−12100−106981965272

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %50.061.030.023.022.019.018.029.031.028.032.032.028.0
ROE %————————————26.2
EPS (₹)8.8710.708.007.506.776.686.6710.2319.0214.5016.5818.4817.76
Book Value (₹)————————————67.0
Face Value (₹)————————————1
P/E————————————21.3
Div Yield %————————————2.71
NPM %23.622.415.113.512.011.111.215.425.518.020.020.720.1
OPM %26.026.029.031.028.027.026.031.029.025.026.027.025.0
D/E0.040.030.420.270.160.050.120.060.140.040.040.030.06
P/B————————————5.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+5.0%
5 years+6.0%
3 years+4.0%
TTM+3.0%
Compounded profit growth
10 years+6.0%
5 years+11.0%
3 years+5.0%
TTM−7.0%
Stock price CAGR
10 years−4.0%
5 years−7.0%
3 years−11.0%
Last year−32.0%
Return on equity
10 years26.0%
5 years31.0%
3 years28.0%
Last year26.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.74%72.74%72.74%62.74%52.74%53.86%54.27%54.27%54.84%54.84%54.84%54.84%
FIIs15.60%15.60%13.06%11.31%7.00%10.52%12.72%11.01%13.46%12.11%8.57%7.87%
DIIs2.74%2.74%5.45%17.39%31.47%26.39%24.32%26.92%22.06%23.68%26.91%27.00%
Government0.00%0.00%0.03%0.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public8.92%8.92%8.72%8.52%8.80%9.24%8.69%7.81%9.63%9.38%9.67%10.28%
No. of shareholders44,30444,30447,26170,23783,10382,09086,24297,04391,3341,29,0021,27,6151,31,617
Change since Jun 2023 (pp)
Promoters −17.90FIIs −7.73DIIs +24.26Public +1.36

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Closure of Buy BackAnnouncement under Regulation 30 (LODR)-Daily Buy Back of equity sharesCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Daily Buy Back of equity sharesAnnouncement under Regulation 30 (LODR)-Daily Buy Back of equity shares
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingAug 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026PPT

Corporate actions

As of 10 Feb 2026
10 Feb 2026DIVIDENDInterim Dividend - Rs 6 Per Share—
14 Nov 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
22 May 2025DIVIDENDSpecial Dividend - Rs 2 Per Share—
4 Feb 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
18 Nov 2024DIVIDENDInterim Dividend - Rs 4 Per Share—
16 Feb 2024DIVIDENDInterim Dividend - Rs 4 Per Share—
15 Nov 2023DIVIDENDInterim Dividend - Rs 4 Per Share—
13 Feb 2023DIVIDENDInterim Dividend - Rs 4 Per Share—
18 Nov 2022DIVIDENDInterim Dividend - Rs 4 Per Share—
10 Feb 2022DIVIDENDInterim Dividend - Rs 4 Per Share—
8 Nov 2021DIVIDEND Interim Dividend - Rs 4 Per Share—
4 Feb 2021DIVIDEND Interim Dividend - Rs 4.00 Per Share—
12 Nov 2020DIVIDEND Interim Dividend - Rs 4 Per Share—
26 Mar 2020DIVIDEND Interim Dividend - Rs 2 Per Share—
14 Nov 2019DIVIDEND Interim Dividend - Rs 2 Per Share—
31 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 4 Per Share—
21 Jun 2018BONUS Bonus 1:1/Dividend- Rs 7 Per Share—
26 Jul 2017DIVIDEND Annual General Meeting/Dividend-Rs 5.25 Per Share—
14 Mar 2017DIVIDEND Interim Dividend Rs 1.75 Per Share (Purpose Revised)—
26 Jul 2016DIVIDEND Annual General Meeting/Dividend - Rs.7/- Per Share—
28 Jul 2015DIVIDENDAnnual General Meeting/Dividend Rs 3/- Per Share—
19 Sep 2014DIVIDENDInterim Dividend Rs.4/- Per Share (Purpose Revised)—
1 Aug 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 4/- Per Share—
24 Jan 2014DIVIDENDInterim Dividend Rs.3/- Per Share—
26 Jun 2013BONUSBonus 1:2 And Dividend Rs.8/- Per Share—
2 Aug 2012DIVIDENDAnnual General Meeting/Final Dividend Rs.4/- Per Share/Special Dividend Rs.4/- Per Share—
5 Aug 2011DIVIDENDAnnual General Meeting And Dividend Rs.3.50 Per Share—
21 Jul 2010SPLITDividend Rs.6/- Per Share And Face Value Split From Rs.2/- To Re.1/-2 : 1
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman