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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
EMS Limited is an India-based engineering, procurement, and construction (EPC) company. The Company is engaged in the business of sewerage solution provider, water supply system, water and waste treatment plants, electrical transmission and distribution, road and allied…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fairly priced — but flagged on governance.
EMS LIMITED is scored on the general / industrial framework. It keeps a healthy 12.2% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.16×) — worth a closer look. Free cash flow is worth about -4.5% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at -6%/yr. Book value itself has compounded 29%/yr — the hallmark of a genuine compounder. Return on equity is a modest 8.6%. In the latest quarter profit grew 171% versus the prior quarter.
At 19× earnings, the stock sits at the 44th percentile of its own 3.2-year range — the middle of where it has historically traded. Today's price implies ~12%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-0.22 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 24.51 | 22.25 | worse |
| P/B | 1.59 | 2.6 | better |
| EV/EBITDA | 14.35 | 30.35 | better |
| ROE | 8.58 | 6.19 | better |
| ROCE | 11.71 | 29.33 | worse |
| ROA | 5.16 | 3.28 | better |
| Quick Ratio | 3.71 | 11.27 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Larsen & Toubro | 27.1 | 5.0 | 15.8% |
| RVNL | 44.7 | 4.1 | 8.9% |
| ACME Solar Holdings | 36.9 | 3.3 | 9.1% |
Revenue is on a 2-year growth streak. 11% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Revenue is outpacing profit (11% vs -6%) — costs are rising faster than the top line. The latest year saw a -50% swing — check if it's a one-off or structural.
Operating margin has compressed from 27% to 17% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 9% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 13pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-6% vs -11%) — share dilution is eroding per-share value. -11% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 29% sequentially — momentum is building. Wide quarterly swings (39% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 26% below earlier ones.
Profit jumped 171% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (16% → 10%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.2y median.
Promoters hold 69.7% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.