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EMS (EMSLIMITED)₹309.10−0.23%Waste Management
In the Jun 2026 quarter (consolidated), EMS reported sales of ₹158 Cr, down 34.3% from Jun 2025, and net profit of ₹14.96 Cr, down 60.5% year on year. For the year to Mar 2026, sales were ₹736 Cr and net profit ₹90.70 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 212 | 201 | 246 | 207 | 234 | 246 | 271 | 240 | 174 | 200 | 120 | 158 |
| Expenses | 154 | 153 | 178 | 156 | 165 | 174 | 205 | 185 | 136 | 170 | 102 | 131 |
| Operating Profit | 57.15 | 47.14 | 68.16 | 50.17 | 69.24 | 71.25 | 65.15 | 54.12 | 37.10 | 31.10 | 18.05 | 26.06 |
| OPM % | 27.1% | 23.0% | 28.1% | 24.0% | 29.1% | 29.1% | 24.1% | 23.1% | 21.1% | 15.1% | 15.1% | 17.0% |
| Other Income | 8.01 | 5.99 | 0.99 | 1.99 | 1.99 | 2.99 | 1.99 | 1.99 | 4.01 | 3.01 | 2.99 | 2.01 |
| Interest | 2.01 | 1.01 | 2.01 | 1.01 | 1.01 | 1.01 | 2.01 | 3.01 | 3.01 | 3.01 | 4.01 | 5.01 |
| Depreciation | 0.99 | 1.01 | 2.99 | 2.01 | 2.01 | 3.01 | 2.99 | 3.01 | 2.01 | 3.01 | 3.01 | 1.99 |
| Profit before tax | 62.20 | 51.11 | 64.17 | 49.10 | 67.16 | 70.20 | 63.18 | 51.11 | 36.07 | 27.06 | 15.03 | 21.06 |
| Tax % | 26.0% | 26.0% | 26.0% | 25.0% | 26.0% | 27.0% | 25.0% | 25.0% | 23.0% | 29.0% | 61.0% | 26.0% |
| Net Profit | 44.87 | 36.90 | 46.89 | 36.92 | 49.86 | 50.86 | 46.83 | 37.89 | 27.90 | 18.94 | 5.98 | 14.96 |
| EPS (Rs) | 8.14 | 6.71 | 8.52 | 6.67 | 8.93 | 9.08 | 8.38 | 6.81 | 5.08 | 3.38 | 1.00 | 2.78 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 327 | 332 | 361 | 540 | 795 | 968 | 736 | 652 |
| Expenses | 230 | 232 | 246 | 387 | 588 | 711 | 591 | 538 |
| Operating Profit | 96.20 | 99.21 | 113 | 150 | 204 | 255 | 140 | 112 |
| OPM % | 30.0% | 30.0% | 31.1% | 28.1% | 26.1% | 26.1% | 19.1% | 17.2% |
| Other Income | 6.99 | 4.99 | 3.01 | 5.01 | 15.99 | 15.99 | 11.99 | 12.02 |
| Interest | 3.01 | 4.01 | 6.01 | 4.01 | 6.01 | 11.01 | 13.01 | 15.04 |
| Depreciation | 1.99 | 1.99 | 2.99 | 2.99 | 6.99 | 9.99 | 10.01 | 10.02 |
| Profit before tax | 98.28 | 98.23 | 107 | 148 | 208 | 250 | 129 | 99.22 |
| Tax % | 26.0% | 27.0% | 27.1% | 26.0% | 26.0% | 26.0% | 29.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 5.01 | 0.00 | 0.00 | — |
| Net Profit | 71.83 | 71.78 | 78.74 | 109 | 153 | 183 | 90.70 | 67.78 |
| EPS (Rs) | 61.56 | 61.14 | 66.45 | 22.86 | 27.42 | 33.03 | 16.27 | 12.24 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 7.0% | 5.0% | 9.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 12.01 | 12.01 | 12.02 | 47.10 | 56.08 | 56.14 | 56.08 |
| Reserves | 218 | 290 | 369 | 445 | 744 | 922 | 1,002 |
| Borrowings | 16.07 | 4.01 | 4.01 | 45.19 | 71.33 | 86.39 | 155 |
| Other Liabilities | 62.30 | 73.35 | 120 | 103 | 101 | 105 | 122 |
| Total Liabilities | 309 | 379 | 504 | 641 | 972 | 1,168 | 1,334 |
| Fixed Assets | 31.08 | 36.09 | 51.16 | 54.13 | 94.26 | 96.27 | 123 |
| CWIP | 0.00 | 2.99 | 0.00 | 3.99 | 0.00 | 0.00 | 36.87 |
| Investments | 0.00 | 0.00 | 1.01 | 2.01 | 10.01 | 18.02 | 10.02 |
| Other Assets | 276 | 341 | 452 | 581 | 868 | 1,055 | 1,163 |
| Inventories | 42.84 | 34.87 | 53.84 | 105 | 88.75 | 47.86 | 225 |
| Trade receivables | 38.94 | 92.89 | 158 | 124 | 243 | 377 | 387 |
| Cash & equivalents | 53.15 | 68.18 | 90.15 | 121 | 111 | 162 | 59.14 |
| Total Assets | 309 | 379 | 504 | 641 | 972 | 1,168 | 1,334 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 46.98 | 36.02 | 22.99 | 4.01 | −116 | 33.99 | −14.99 |
| Cash from investing activity | −27.03 | −8.01 | −15.02 | −21.04 | −83.10 | 19.04 | −60.11 |
| Cash from financing activity | −5.99 | −10.97 | 2.99 | 37.93 | 176 | 0.99 | −1.99 |
| Net cash flow | 15.01 | 16.01 | 11.01 | 21.02 | −23.01 | 54.04 | −77.10 |
| Capex | 25.92 | 7.97 | 13.95 | 8.97 | 32.90 | 5.98 | 72.80 |
| Free cash flow | 21.01 | 26.99 | 9.01 | −4.01 | −140 | 27.01 | −88.09 |
| CFO / OP % | 50.0% | 36.0% | 20.0% | 31.0% | −36.0% | 38.0% | 14.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 44 | 103 | 160 | 84 | 112 | 142 | 193 |
| Cash conversion cycle | 45 | 104 | 161 | 85 | 113 | 143 | 194 |
| Working capital days | 126 | 184 | 220 | 138 | 181 | 188 | 298 |
| ROCE % | — | 37.0% | 33.0% | 33.0% | 29.0% | 27.0% | 13.0% |
For the Jun 2026 quarter, EMS reported sales of ₹158 Cr, down 34.3% year on year and net profit of ₹14.96 Cr, down 60.5% year on year. The operating margin was 17.0%.
EMS' sales for the year to Mar 2026 were ₹736 Cr; over the last twelve months they were ₹652 Cr.
Net profit for the year to Mar 2026 was ₹90.70 Cr, and ₹67.78 Cr over the last twelve months. Earnings per share over the same trailing period were ₹12.24.
EMS reported borrowings of ₹155 Cr at Mar 2026, against cash and equivalents of ₹59.14 Cr.
Cash from operations was −₹14.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹88.09 Cr.