BSE: 522027 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ema India Ltd is a below average quality company.
The key valuation ratios of Ema India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ema India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -9.5% | -7.8% | -20.9% | -21.8% | -11.7% | -46.2% | -56.3% | -84.2% | -180.1% | -360.2% | - |
| Value Creation Index ⓘ | -1.7 | -1.6 | -2.5 | -2.6 | -1.8 | -4.3 | -5.0 | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1.5 | 1 | 1.3 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | -32.4% | 31.6% | -93.8% | -87.5% | -100% | NA | NA | NA | NA | - |
| Adj EPS ⓘ | -3.4 | -3.8 | -31.7 | -5.1 | -4.2 | -6 | -4.5 | -4.1 | -5.5 | -5 | -5.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 52.2 | 49.4 | 23 | 18.9 | 14.5 | 7.5 | 3.5 | -0.6 | -6.1 | -11.2 | -13.8 |
| Adj Net Profit ⓘ | -0.3 | -0.4 | -3.2 | -0.5 | -0.4 | -0.6 | -0.5 | -0.4 | -0.6 | -0.5 | -1 |
| Cash Flow from Ops. ⓘ | -0.3 | -0.3 | 0 | -0.6 | -0.4 | -0.6 | -0.4 | -0.3 | -0.4 | -0.4 | - |
| Debt/CF from Ops. ⓘ | -0.3 | -0 | 0.3 | 0 | 0 | 0 | -0.5 | -1.4 | -1.9 | -3.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | -100% | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -184.3% | -195% | -247.4% | NA | ||||
| Share Price | 14% | 78.3% | 67.6% | 342.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -6.3 | -7.4 | -87.5 | -24.5 | -25.4 | -53.9 | -82.3 | -277.1 | 165.5 | 57.3 | 41.7 |
| Op. Profit Mgn % ⓘ | -35.2 | -46 | -67.9 | -711.9 | -3525.1 | 0 | 0 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | -23.7 | -38.6 | -246.2 | -670.7 | -2941 | 0 | 0 | 0 | 0 | 0 | -INF |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | -7.9 | -1.4 | -1.1 | - |
| Working Cap Days ⓘ | 354 | 462 | 224 | 1,365 | 6,080 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 283 | 372 | 157 | 647 | 3,487 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Equity has increased versus last 3 years average to 41.70%
Sales growth has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -5.2 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | -13.8 | - |
| Reserves (₹ Cr.) ⓘ | -2 | - |
| P/BV ⓘ | -6.34 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 19.15 / 87.34 |
| All Time Low / High (₹) | 1.65 / 246.50 |
| Market Cap (₹ Cr.) | 8.8 |
| Equity (₹ Cr.) | 1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.45 | 0.98 | 1.29 | 0.08 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 1.96 | 1.43 | 2.17 | 0.62 | 0.53 | 0.58 | 0.44 | 0.57 | 0.50 | 0.43 |
| Manufacturing Costs | 0.17 | 0.16 | 0.17 | 0.08 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 |
| Material Costs | 0.64 | 0.27 | 0.95 | 0.03 | 0 | 0 | 0 | 0.09 | 0 | 0 |
| Employee Cost | 0.70 | 0.70 | 0.67 | 0.32 | 0.29 | 0.29 | 0.25 | 0.25 | 0.24 | 0.24 |
| Other Costs ⓘ | 0.45 | 0.31 | 0.38 | 0.20 | 0.18 | 0.24 | 0.15 | 0.19 | 0.22 | 0.16 |
| Operating Profit ⓘ | -0.51 | -0.45 | -0.88 | -0.55 | -0.51 | -0.58 | -0.44 | -0.57 | -0.50 | -0.43 |
| Operating Profit Margin (%) | -35.2% | -46.0% | -67.9% | -711.0% | -3,525.1% | - | - | - | - | - |
| Other Income ⓘ | 0.15 | 0.17 | 0.18 | 0.12 | 0.35 | 0.19 | 0.14 | 0.23 | 0 | 0 |
| Interest ⓘ | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.16 | 0.13 | 0.06 | 0.03 | 0.03 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -0.06 | 0 | 0 | 0 | -0.02 |
| Profit Before Tax ⓘ | -0.53 | -0.41 | -0.77 | -0.46 | -0.20 | -0.51 | -0.37 | -0.40 | -0.56 | -0.52 |
| Tax ⓘ | -0.27 | -0.14 | 2.32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0.26 | -0.27 | -3.08 | -0.46 | -0.20 | -0.51 | -0.37 | -0.40 | -0.56 | -0.52 |
| PAT Margin (%) | -17.7% | -27.9% | -238.0% | -599.0% | -1,353.2% | - | - | - | - | - |
| Adjusted EPS (₹) | -2.6 | -2.7 | -30.7 | -4.6 | -2.0 | -5.1 | -3.7 | -4.0 | -5.5 | -5.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5.24 | 4.97 | 2.31 | 1.89 | 1.46 | 0.76 | 0.35 | -0.06 | -0.61 | -1.13 |
| Share Capital ⓘ | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Reserves ⓘ | 4.24 | 3.96 | 1.30 | 0.89 | 0.46 | -0.25 | -0.65 | -1.06 | -1.62 | -2.13 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0.09 | 0 | 0 | 0 | 0 | 0 | 0.20 | 0.46 | 0.83 | 1.20 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0.09 | 0 | 0 | 0 | 0 | 0 | 0.20 | 0.46 | 0.83 | 1.20 |
| Trade Payables | 0.03 | 0.05 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | -1.86 | -1.93 | 0.35 | 0.18 | 0.25 | 0.24 | 0.31 | 0.26 | 0.33 | 0.41 |
| Total Liabilities ⓘ | 3.50 | 3.09 | 2.68 | 2.07 | 1.71 | 1 | 0.86 | 0.66 | 0.54 | 0.48 |
Fixed Assets | ||||||||||
| Gross Block | 3.22 | 0.54 | 2.54 | 2.04 | 2.36 | 0.55 | 0.47 | 0.41 | 1.68 | 1.68 |
| Accumulated Depreciation | 2.52 | 0 | 2.22 | 1.80 | 1.68 | 0 | 0 | 0 | 1.33 | 1.42 |
| Net Fixed Assetsⓘ | 0.70 | 0.54 | 0.32 | 0.24 | 0.68 | 0.55 | 0.47 | 0.41 | 0.35 | 0.26 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1.07 | 0.92 | 1.43 | 1.55 | 0.73 | 0.20 | 0.14 | 0 | 0 | 0 |
| Inventories | 1.07 | 1.03 | 0.16 | 0.14 | 0.14 | 0.14 | 0.14 | 0.05 | 0.05 | 0.05 |
| Trade Receivables | 0.09 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Equivalents | 0.32 | 0.32 | 0.54 | 0.04 | 0.06 | 0.01 | 0 | 0.07 | 0 | 0.01 |
| Others Assetsⓘ | 0.24 | 0.23 | 0.23 | 0.10 | 0.11 | 0.10 | 0.11 | 0.13 | 0.15 | 0.16 |
| Total Assets ⓘ | 3.50 | 3.09 | 2.68 | 2.07 | 1.71 | 1 | 0.86 | 0.66 | 0.54 | 0.48 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.33 | -0.33 | 0.01 | -0.55 | -0.43 | -0.63 | -0.37 | -0.34 | -0.44 | -0.37 |
| PBT ⓘ | -0.53 | -0.41 | -0.77 | -0.46 | -0.20 | -0.51 | -0.37 | -0.40 | -0.56 | -0.49 |
| Adjustment ⓘ | 0.05 | -0.01 | -0.08 | -0.04 | -0.29 | -0.11 | -0.06 | 0.05 | 0.06 | 0.06 |
| Changes in Working Capital ⓘ | 0.17 | 0.1 | 0.86 | -0.05 | 0.07 | -0 | 0.06 | 0.01 | 0.06 | 0.07 |
| Tax Paid ⓘ | -0.01 | 0 | -0.01 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0.34 | 0.33 | 0.22 | 0.05 | 0.45 | 0.57 | 0.17 | 0.14 | 0 | 0 |
| Capex | 0.25 | 0.13 | 0.26 | 0.08 | -0.42 | 0.11 | 0.01 | 0 | 0 | 0 |
| Net Investments | 0.09 | 0.20 | -0.05 | -0.03 | 0.87 | 0.46 | 0.17 | 0.14 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | -0.01 | 0 | 0 | 0 | 0 | 0.20 | 0.26 | 0.37 | 0.37 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.26 | 0.37 | 0.37 |
| Interest Paid ⓘ | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.20 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.01 | -0.01 | 0.23 | -0.50 | 0.02 | -0.06 | 0 | 0.07 | -0.07 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -4.66 | -5.37 | -84.8 | -21.93 | -11.7 | -46.16 | -66.59 | N/A | N/A | N/A |
| ROCE (%) | -9.45 | -7.83 | -20.93 | -21.75 | -11.69 | -46.16 | -56.29 | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.4 | 0.32 | 0.48 | 0.03 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 26 | 26 | 8 | 4 | 12 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 271 | 357 | 157 | 652 | 3,475 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 38 | 52 | 14 | 145 | 0 | 0 | 0 | 0 | 0 | 0 |
Ema India was founded by Late Hari Bhargava alongwith his son, Pradip Bhargava, Promoter and Managing Director of the Company. A joint venture agreement was signed in the year 1971 with EMA Electromaschinen Schultz GmbH & Co KG, Germany, to manufacture State of Art Induction Heating Equipments. With the pioneering efforts of introducing these equipments for the first time in India, today Ema India Limited has achieved the distinction of being a market leader of this field by supplying over 1,000 equipments so far.
Prior to this, Conventional heating Furnaces were in operation. With the advantages of being very fast, non-polluting, more efficient, excellent process control capabilities and lesser space requirements, Induction Heating has established itself as a popular system of operation. Ema India designs and manufactures world class induction heating and melting equipment for various industries and applications throughout the world.
Ema manufactures both Medium Frequency and High Frequency Equipments in power ratings from 1 Kw to 1130 Kw and frequencies ranging from 500 Hz to 450 KHz for every possible application. EMA can design and manufacture custom-built Machine for applications like Induction Hardening, Partial Heating, Annealing, Tempering, Softening, Brazing, Heating for Shrink Fitting and Billet Heating.
To keep pace with the latest technological trend, EMA has switched over from Motor Generators to Solid State Generators with Thyristors and the latest being IGBT Transistorised Convertors. Commencing with the Conventional Relay Controls for the machine operations, EMA has established its supremacy by introducing PLC’s and CNC’s for the equipment controls with technological advancements.
The untiring efforts of Technical personnel of EMA have regularly contributed to various developments to meet the challenges of specific customer requirements. The R & D Department of EMA is always looking for new avenues for Induction Heating/Hardening applications.
EMA has also successfully manufactured and supplied close to 140 Honing Machines during its joint venture with Gehring Germany from 1986-2006, and been a leading manufacturer and supplier of Diamond & CBN Honing Stones in a joint venture with Diato GmbH, Germany (part of Gehring Group worldwide) through Diato India Private Limited.
On the export front, EMA has established itself as the pioneer in Export of Induction Heating and Hardening Equipments and Accessories as well as Honing Machines and Honing Stones.
Products range of the company includes:
Clientele:
Bajaj, BEML, Birla Yamha, BPL, CAFOMA, Force, Hero Honda, GM, LML, Honda, Mico, NRB, Rane, Subros, Suzuki, Tafe, Mahindra and many more.
Achievements/ recognition:
ISO 9001:2000 for manufacturing and servicing of induction hardening, heating machines & heat treating equipment with related Accessories
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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