āagman

Embassy Developments Ltd

NSE: EMBDL
₹51.60
−₹2.08 (−3.87%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹7,671 Cr
CMP
₹51.60
52-wk High / Low
₹97 / 51
P/B
0.8
Book Value
₹71.0
Div Yield
0.00%
ROCE
−2.0%
ROE
−9.2%
Face Value
₹2
D/E
0.54

Price−53.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
ROIC
−3.3%
vs 4.1% sector median
Cash flow to profit
−0.05
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−5,875
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
16.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.02FII +0.57DII +0.00
Latest quarter vs the previous one
Cash-accrual divergence
−4.4%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 40.2% since FY2016 (8903 to 5322)
Watch-outs
−Latest ROCE of -2% trails the sector median of 7%
−Price trades below its 200-day moving average (0.7x)
−Price is 46.6% below its 52-week high
−Annualised volatility of 45.3% is in the high band (≥45%)
−Piotroski F-Score of 2/9 is in the weak band (≤3)

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
Sales19696101380490475325889681493213342217
Expenses254119134372514399231881692545365604347
Operating Profit−58−23−338−2476948−11−52−152−261−131
OPM %−29.6%−24.0%−32.7%2.1%−4.9%16.0%28.9%0.9%−1.6%−10.5%−71.4%−76.3%−60.4%
Other Income−61612112268242661344476925
Interest134150115101106139160135113140119
Depreciation3332253579201313
Profit before tax−677−16−28−122−73−27−11129−165−152−238−345−238
Net Profit−679−18−38−99121−34−27123−166−153−233−323−234
EPS (₹)−12.55−0.34−0.71−1.831.93−0.54−0.331.06−1.21−1.11−1.67−2.33−1.68

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
Sales2,6412,9592,3204,5034,9443,2711,5211,4455874142,1801,7321,265
Expenses2,0302,0621,6671,1973,8972,4721,3411,4469428391,8872,2051,861
Operating Profit6118986533,3061,047799180−1−356−425293−473−596
OPM %23.1%30.3%28.1%73.4%21.2%24.4%11.8%−0.1%−60.6%−102.7%13.4%−27.3%−47.1%
Other Income951375182292789014096−167−577210173185
Interest336501561744464481228110289461550507
Depreciation20697197173117121211154854
Profit before tax3514645392,69484437875−27−563−1,02327−897−973
Net Profit2713213572,3605041215−137−608−1,038194−872−944
EPS (₹)5.846.418.3049.9911.192.650.09−3.00−11.23−19.171.63−6.28−6.79

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital8592879590919091108108244278—
Reserves7,0853,9013,9562,8502,8603,4673,3923,3243,1222,2209,0779,590—
Borrowings6,5448,9039,4107,6487,0332,7371,2231,3296937324,6075,322—
Other Liabilities3,1305,2265,1159,4876,2094,9924,0513,0072,6642,8556,5526,338—
Total Liabilities16,84418,12218,56820,08016,19211,2878,7577,7516,5875,91520,48121,528—
Fixed Assets1121123,787952189135869683726,0896,188—
CWIP12701000000091—
Investments5,8292,9898753,8592,56813214526915715898165—
Other Assets10,77615,02113,90415,26913,43411,0208,5267,3856,3475,68514,28415,175—
Total Assets16,84418,12218,56820,08016,19211,2878,7577,7516,5875,91520,48121,528—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−2,830973639−891−1,159−432853−248−343−971,46144
Cash from Investing Activity−81235−5411551,7841,76897128066196574−74
Cash from Financing Activity3,315−695−8342,057−1,695−1,890−1,791−64−331−8−1,971629
Net Cash Flow403513−7351,321−1,071−55533−31−13−1064600

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.07.07.027.013.011.05.02.0−7.0−11.04.0−2.0
ROE %———————————−9.2
EPS (₹)5.846.418.3049.9911.192.650.09−3.00−11.23−19.171.63−6.79
Book Value (₹)———————————71.0
Face Value (₹)———————————2
P/E————————————
Div Yield %———————————0.00
NPM %9.910.412.649.99.73.60.3−8.9−144.8—8.1−45.8
OPM %23.030.028.073.021.024.012.0−0.1−61.0−103.013.0−27.0
D/E0.912.232.332.602.380.770.350.390.210.310.490.54
P/B———————————0.8

Growth

As of 18 Oct 2026
Compounded sales growth
10 years−5.0%
5 years+3.0%
3 years+43.0%
TTM−47.0%
Compounded profit growth
TTM−1,334.0%
Stock price CAGR
10 years−4.0%
5 years−19.0%
3 years−12.0%
Last year−41.0%
Return on equity
10 years3.0%
5 years−7.0%
3 years−7.0%
Last year−9.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters50.35%50.35%0.00%0.00%0.00%0.00%0.00%43.36%42.44%42.66%42.65%42.65%42.65%42.67%
FIIs18.08%18.08%23.11%24.58%28.90%30.14%29.78%15.93%28.13%26.65%25.30%24.05%23.43%24.00%
DIIs2.72%2.72%1.78%0.41%3.42%5.02%5.38%3.52%3.66%3.63%3.38%3.25%3.02%3.02%
Government——————————————
Public28.86%28.86%75.01%74.89%67.60%64.75%64.73%37.14%25.75%27.01%28.63%29.99%30.85%30.26%
No. of shareholders87,59687,5963,12,3563,04,7623,59,4793,14,9992,95,3332,73,9682,70,3602,73,4382,68,7042,62,1322,57,1372,51,052
Change since Jun 2023 (pp)
Promoters −7.68FIIs +5.92DIIs +0.30Public +1.40

Documents

As of 18 Oct 2026
Announcements
Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-AllotmentAnnouncement under Regulation 30 (LODR)-Credit Rating
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 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026TranscriptFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025PPT

Corporate actions

As of 6 May 2014
6 May 2014DIVIDENDThird Interim Dividend - Rs.1/- Per Share—
31 Oct 2013DIVIDENDInterim Dividend - Re.1/- Per Share—
5 Aug 2013DIVIDENDInterim Dividend - Re 1 Per Equity Share—
7 May 2013DIVIDENDInterim Dividend Rs. 2 Per Equity Share—
7 Dec 2011DEMERGERScheme Of Arrangement—
22 Sep 2011DIVIDENDAnnual General Meeting/Dividend Re 0.30 Per Share—
21 Apr 2011DEMERGERScheme Of Arrangement—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman