EMS LIMITED

BSE: EMSLIMITED543983ISIN INE0OV601013

Utilities
Waste Management
BSE 1000

Share price

₹304.15+15.05 (+5.21%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹526.15
52W low: ₹256.50
Off 52W high: -42.19%
1M return: -7.31%
3M return: -25.25%
6M return: -17.15%
1Y return: -39.52%
20D avg volume: 8,344
50 DMA: ₹342.14
200 DMA: ₹347.24

Key ratios Consolidated

Market cap: ₹1,689 Cr
Current price: ₹304.15
52W high / low: ₹526.15 / ₹256.50
Face value: ₹10.00
P/E: 24.61
P/B: 1.60
EPS (TTM): ₹12.36
Book value / share: ₹190.06
ROE: —
ROCE: 12.10%
Operating margin: —
Net margin: —
Debt / equity: 0.15
Net debt: ₹137.01 Cr
Interest cover: 10.75
Dividend yield: 0.49%
Dividend / share (TTM): ₹1.50
Payout: 12.14%
Cash conversion cycle: 289.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	157.24	120.50	200.35	172.47	238.89	265.83	245.29	233.47	206.28	245.26	199.56	210.52
	2.11	3.07	2.53	5.39	2.33	6.25	2.63	2.03	2.25	0.67	6.25	7.63
	159.34	123.57	202.88	177.86	241.22	272.07	247.92	235.50	208.53	245.93	205.81	218.16
	138.27	108.80	175.72	141.44	190.38	209.38	178.13	168.10	159.12	182.08	155.27	156.43
	120.99	207.87	140.05	138.16	171.91	165.54	167.03	106.34	170.63	96.61	165.03	144.96
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	10.01	12.06	11.66	10.55	9.68	8.29	8.39	7.44	7.06	7.60	4.68	4.26
	4.93	4.06	3.48	2.65	3.05	1.86	1.36	0.78	0.96	1.77	1.20	1.65
	2.14	2.55	2.63	2.48	2.55	2.52	2.56	2.38	2.16	2.67	1.35	1.28
	8.79	12.43	11.54	8.60	9.24	5.85	4.55	3.80	4.73	4.47	3.75	3.71
	21.08	14.77	27.16	36.42	50.84	62.70	69.79	67.41	49.41	63.85	50.54	61.73
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	21.08	14.77	27.16	36.42	50.84	62.70	69.79	67.41	49.41	63.85	50.54	61.73
	5.59	9.05	7.88	8.28	12.78	15.77	19.20	17.75	12.25	16.46	13.11	16.36
	15.49	5.71	19.28	28.14	38.06	46.92	50.59	49.65	37.16	47.38	37.43	45.36
	2.79	1.01	3.39	5.08	6.82	8.39	9.09	8.94	6.68	9.14	7.37	9.39
Key metrics
	28.15	21.38	33.27	41.55	56.44	67.08	73.71	70.57	52.53	68.29	53.09	64.66
	17.90%	17.70%	16.60%	24.10%	23.60%	25.20%	30.10%	30.20%	25.50%	27.80%	26.60%	30.70%
	9.90%	4.70%	9.60%	16.30%	15.90%	17.70%	20.60%	21.30%	18.00%	19.30%	18.80%	21.50%
	—	1.60%	—	3.20%	—	6.00%	—	—	—	—	—	—
	-34.20%	-54.70%	-18.30%	-26.10%	15.80%	8.40%	22.90%	10.90%	—	—	—	—
	-59.30%	-87.80%	-61.90%	-43.30%	2.40%	-1.00%	35.20%	9.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	650.56	732.75	965.83	793.31
	13.10	12.25	15.87	15.76
	663.65	745.00	981.70	809.07
	564.23	615.78	732.72	602.28
	607.07	656.73	621.84	531.93
	0.00	0.00	0.00	—
	44.28	43.95	31.17	26.09
	15.12	13.25	8.44	6.28
	9.80	10.21	9.62	6.53
	41.36	42.51	21.16	15.34
	99.43	129.22	248.98	206.79
	0.00	0.00	0.00	0.00
	99.43	129.22	248.98	206.79
	30.80	38.02	65.20	54.13
	68.62	91.19	183.78	152.66
	12.27	16.30	33.05	29.38
Key metrics
	124.35	152.68	267.04	219.60
	19.11%	20.80%	27.60%	27.70%
	10.55%	12.40%	19.00%	19.20%
	—	12.10%	24.00%	—
	-33.85%	-24.10%	21.70%	—
	-62.95%	-50.40%	20.40%	—
	—	-87.74	27.20	—
	—	-0.16	0.18	—
	—	0.15	0.09	—
	—	137.01	-8.38	—
	—	289.2	155.1	—
Balance sheet
	—	1,331	1,165	—
	—	812.29	749.54	—
	—	17.24	94.30	—
	—	387.41	376.79	—
	—	225.57	48.12	—
	—	107.04	126.40	—
	—	78.86	62.46	—
	—	32.62	14.64	—
	—	158.02	91.94	—
	—	154.25	85.92	—
	—	49.00	2.94	—
	—	105.25	82.98	—
	—	1,058	978.31	—
Cash flow
	—	-14.90	33.54	—
	—	-59.92	19.19	—
	—	-2.23	0.85	—
	—	72.84	6.34	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	125.72	83.66	168.75	144.41	211.32	262.87	242.40	231.62	203.72	233.94	176.89	195.74
	2.07	2.79	2.39	4.33	2.20	4.72	2.58	1.98	2.22	0.47	6.22	7.60
	127.79	86.45	171.15	148.74	213.53	267.59	244.98	233.60	205.95	234.41	183.11	203.34
	107.33	72.81	145.65	112.43	163.42	206.52	175.74	166.38	156.94	171.99	133.34	142.48
	95.65	185.34	119.84	115.88	152.05	167.00	167.18	106.89	170.54	92.42	146.55	133.90
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	8.45	10.59	10.13	9.19	8.37	8.02	8.09	7.16	6.75	7.49	4.27	3.90
	3.47	2.67	2.09	1.12	1.54	0.62	1.36	0.78	0.96	0.70	0.15	0.59
	1.59	1.94	1.96	1.87	1.88	2.21	2.21	2.05	1.83	2.31	1.05	0.99
	3.08	3.64	3.95	3.13	2.73	3.34	2.67	2.14	3.29	3.13	2.04	2.19
	20.46	13.64	25.50	36.31	50.10	61.07	69.24	67.22	49.00	62.42	49.77	60.86
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	20.46	13.64	25.50	36.31	50.10	61.07	69.24	67.22	49.00	62.42	49.77	60.86
	5.44	8.36	7.72	8.28	12.72	15.36	19.06	17.69	12.16	16.08	12.96	16.07
	15.03	5.28	17.78	28.03	37.38	45.72	50.19	49.53	36.84	46.34	36.81	44.79
	2.71	0.95	3.20	5.05	6.73	8.23	9.04	8.92	6.63	8.93	7.27	9.29
Key metrics
	25.52	18.25	29.55	39.30	53.52	63.90	72.81	70.05	51.79	65.43	50.97	62.44
	20.30%	21.80%	17.50%	27.20%	25.30%	24.30%	30.00%	30.20%	25.40%	28.00%	28.80%	31.90%
	12.00%	6.30%	10.50%	19.40%	17.70%	17.40%	20.70%	21.40%	18.10%	19.80%	20.80%	22.90%
	—	1.50%	—	3.50%	—	6.30%	—	—	—	—	—	—
	-40.50%	-68.20%	-30.40%	-37.70%	3.70%	12.40%	37.00%	18.30%	—	—	—	—
	-59.80%	-88.50%	-64.60%	-43.40%	1.50%	-1.30%	36.30%	10.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	522.54	608.10	940.62	719.36
	11.58	11.70	11.51	15.37
	534.13	619.80	952.13	734.73
	438.22	494.26	705.60	532.15
	516.71	572.29	611.60	476.42
	0.00	0.00	0.00	—
	38.36	38.28	30.01	24.85
	9.35	7.42	3.72	2.18
	7.36	7.65	8.30	5.29
	13.80	14.23	11.45	9.63
	95.91	125.55	246.53	202.59
	0.00	0.00	0.00	—
	95.91	125.55	246.53	202.59
	29.80	37.08	64.26	52.63
	66.12	88.47	182.27	149.96
	11.91	15.93	32.82	28.91
Key metrics
	112.62	140.62	258.55	210.06
	21.55%	23.10%	27.50%	29.20%
	12.65%	14.50%	19.40%	20.80%
	—	12.30%	25.50%	—
	-44.89%	-35.40%	30.80%	—
	-63.83%	-51.50%	21.50%	—
	—	-86.31	24.12	—
	—	-0.95	0.17	—
	—	0.07	0.01	—
	—	63.10	-77.56	—
	—	328.9	160.3	—
Balance sheet
	—	1,219	1,061	—
	—	861.37	737.13	—
	—	13.89	90.95	—
	—	371.01	376.99	—
	—	202.45	48.12	—
	—	199.19	117.72	—
	—	48.56	53.77	—
	—	25.48	12.03	—
	—	140.11	78.33	—
	—	76.99	13.39	—
	—	49.00	2.94	—
	—	27.99	10.45	—
	—	1,039	961.06	—
Cash flow
	—	-83.92	30.46	—
	—	7.56	23.06	—
	—	-0.70	2.40	—
	—	2.39	6.34	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -44.89%
Profit YoY (TTM): -63.83%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -33.85%
Profit YoY (TTM): -62.95%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.71%

Holder	Type	Holding	Previous	Change
RAMVEER SINGH	Promoter	67.85%	—	—
SUMMIT CONSTRUCTIONS PRIVATE LIMITED	Promoter Group	1.80%	—	—
ASHISH TOMAR	Promoter	0.02%	—	—
KRITIKA TOMAR	Promoter Group	0.01%	—	—
NIRMALA TOMAR	Promoter Group	0.01%	—	—
SAKSHI TOMAR PARIHAR	Promoter Group	0.01%	—	—
GAJENDRA PARIHAR	Promoter Group	0.01%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
SFC Environmental Technologies Ltd	3,984	406.75	—	—	—	—	—
Refex Industries Limited	3,051	222.30	11.63	21.00%	+47.93% TTM	+69.81% TTM	-40.68%
EMS LIMITED	1,689	304.15	24.61	12.10%	-33.85% TTM	-62.95% TTM	-39.52%
Antony Waste Handling Cell Limited	871	306.80	12.52	11.50%	+11.83% TTM	-32.02% TTM	-40.65%
Eco Recycling Limited	777	402.75	32.44	26.70%	+31.79% TTM	+18.31% TTM	-32.59%
Concord Enviro Systems Limited	466	225.05	-29.68	7.80%	-1.19% TTM	-133.28% TTM	-52.73%
VVIP Infratech Limited	397	159.00	—	16.90%	—	—	+4.95%
ORGANIC RECYCLING SYSTEMS LIMITED	342	219.25	—	16.00%	—	—	+31.52%
RACE ECO CHAIN LIMITED	181	105.00	22.89	19.70%	+4.43% TTM	+2.06% TTM	-50.08%
GEM Enviro Management Limited	86	38.22	—	12.20%	—	—	-29.22%
EP BIOCOMPOSITES LIMITED S	15	88.00	10.15	16.30%	—	—	-31.25%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

In continuation to our intimation dated August 17th, 2026, we are pleased to inform about receipt of Letter of Award from Municipal Corporation Jodhpur for Sewerage Work8 Oct 2026 · Company Update / Award of Order / Receipt of Order
Compliance certificate under Regulation 74(5) of SEBI (DP) Regulations for the Quarter ended September 30, 20263 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Voting Results and Scrutinizer''s Report of 16th Annual General Meeting of the company28 Sep 2026 · AGM/EGM / AGM
Intimation of Closure of Trading Window for the Quarter and Half Year ended September 30, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Summary of Proceedings of 16th Annual General Meeting of the company26 Sep 2026 · AGM/EGM / AGM
Intimation of Receipt of Letter of Award (LOA) from National Highways Authority of India9 Sep 2026 · Company Update / Award of Order / Receipt of Order
Press Release titled "EMS Limited emerges as Lowest Bidder (L-1) for Rs. 218.65 Crore, Rajasthan Sewerage Project"3 Sep 2026 · Company Update / Press Release / Media Release
Newspaper Publication of 16th Annual General Meeting of EMS Limited, Details of E-voting and Record Date2 Sep 2026 · Company Update / Newspaper Publication
Intimation of Receipt of Lowest Bidder (L-1) Status awarded by Government of Rajasthan for Sewerage work1 Sep 2026 · Company Update / General
Letter to members providing weblink and QR code for accessing Integrated Annual report for FY 2025-261 Sep 2026 · Company Update / General
EMS Limited has submitted Business Responsibility and Sustainability Report (BRSR) for the FY 2025-261 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report of EMS Limited for the FY 2025-261 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 16th Annual General Meeting (AGM) of the company to be held on Saturday, September 26, 20261 Sep 2026 · AGM/EGM / AGM
Intimation of Receipt of Highest Bidder (H-1) Status received from National Highways Authority of India (NHAI)31 Aug 2026 · Company Update / General
Intimation of Receipt of Letter of Award (LOA) from National Highways Authority of India29 Aug 2026 · Company Update / Award of Order / Receipt of Order
Pursuant to Regulation 30 and 47 of SEBI (LODR) Regulations, 2015, we are enclosing herewith the copies of Newspaper Publication for giving public Notice to members intimating that 16th ....29 Aug 2026 · Company Update / Newspaper Publication
Intimation of Re-appointment of Cost Auditors of the company for the FY 2026-2725 Aug 2026 · Company Update / Change in Management
Record Date for Eligibility of members to receive Final Dividend for the FY 2025-26 is Saturday, September 19, 202625 Aug 2026 · Corp. Action / Record Date
Outcome of Board Meeting for Re-appointment of Cost Auditor, Fixation of Record Date for Dividend and other matters25 Aug 2026 · Others / Outcome without intimation
In compliance with regulation 31(1) & 31(2) of SEBI(SAST) Regulations, 2011, and relevant SEBI circular, Mr. Ramveer Singh has disclosed the details regarding Release of 4,30,000 Pledged ....21 Aug 2026 · Company Update / General
Intimation of Receipt of Lowest Bidder (L-1) Status received from Public Health Engineering Department, Government of Rajasthan for work of approximately 222 Crores.20 Aug 2026 · Company Update / General
In continuation to our intimation dated July 13, 2026, we are pleased to inform about Receipt of Letter of Acceptance (LOA) from UP Jal Nigam (Urban), Varanasi for Sewerage Work20 Aug 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Receipt of Lowest Bidder (L-1) Status received from Public Health Engineering Department, Government of Rajasthan for Construction work of 190 Crores19 Aug 2026 · Company Update / General
Transcript of Earnings Conference Call held on August 13, 2026 for quarter ended June 30, 202619 Aug 2026 · Company Update / Earnings Call Transcript
Intimation of Receipt of Highest Bidder (H-1) Status received from National Highways Authority of India for 2 work orders18 Aug 2026 · Company Update / General
Intimation of Receipt of Lowest Bidder L1 Status from Municipal Corporation Jodhpur for Sewerage Work.17 Aug 2026 · Company Update / General
Outcome of Investor''s Meet (Audio Recording) to discuss Standalone and Consolidated Unaudited Financial Results of the company for the Quarter ended June 30, 202613 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication of Standalone and consolidated Unaudited Financial Results of the company for the quarter ended June 30, 202613 Aug 2026 · Company Update / Newspaper Publication
Press Release on Standalone and Consolidated Unaudited Financial Results of the company for the Quarter ended June 30, 202612 Aug 2026 · Company Update / Press Release / Media Release
Standalone and Consolidated Unaudited Financial Results of the company for the Quarter ended June 30, 202612 Aug 2026 · Result / Financial Results
Outcome of Board Meeting to consider and Approve Standalone and consolidated Unaudited Financial Results of the company for the Quarter ended June 30, 202612 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Investor''s Meet to discuss the Financial Results for the Quarter ended June 30, 20266 Aug 2026 · Company Update / Analyst / Investor Meet
EMS Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Prior Intimation of Board Meeting to be ....5 Aug 2026 · Board Meeting / Board Meeting
In continuation to our intimation dated May 29th, 2024, we would like to inform that EMS Limited has entered into a Share Purchase Agreement (SPA) to further acquire 14% Shares (140 Shares) ....31 Jul 2026 · Company Update / Acquisition
Intimation of Receipt of Letter of Intent (LOI) from Delhi Jal Board for Sewerage Work31 Jul 2026 · Company Update / Award of Order / Receipt of Order
Appointment of Internal Auditors and Re-appointment of Tax Auditors for the Financial Year 2026-2725 Jul 2026 · Company Update / Change in Management
Outcome of Board Meeting for Appointment of Internal Auditors and Re-appointment of Tax Auditors for Financial Year 2026-2725 Jul 2026 · Others / Outcome without intimation
In continuation to our intimation dated June 06, 2026, regarding Receipt of L 1 Status, we wish to inform about Receipt of Letter of Acceptance (LOA) from UP Jal Nigam (urban), Varanasi15 Jul 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Receipt of L1 Status from UP Jal Nigam (Urban), Varanasi13 Jul 2026 · Company Update / General
Intimation of Receipt of Lowest Bidder L-1 Status awarded by Delhi Jal Board for Sewerage Work7 Jul 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.5000	18 Sep 2026	19 Sep 2026	—
Final Dividend - Rs. - 1.5000	19 Sep 2025	19 Sep 2025	—
Final Dividend - Rs. - 1.0000	20 Sep 2024	20 Sep 2024	—

Board meetings

12 Aug 2026 Board Meeting - Financial Results