Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹473Cr
Construction - Factories/Offices/Commercial
Rev Gr TTM
Revenue Growth TTM
-60.82%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

EMAMIREAL
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -39.8 | -69.4 | -52.9 | 86.7 | -33.6 | -58.3 | -11.2 | 136.3 | -21.7 | 10.7 | 52.8 | -91.5 |
| 61 | 22 | 18 | 37 | 94 | 9 | 9 | 66 | 83 | 47 | 33 | 31 |
Operating Profit Operating ProfitCr |
| -130.3 | -70.6 | -166.7 | -52.9 | -436.7 | -67.6 | -58.0 | -15.3 | -509.0 | -677.4 | -262.9 | -541.9 |
Other Income Other IncomeCr | 19 | 5 | 6 | 15 | 13 | 13 | 14 | 13 | 13 | 8 | 8 | 7 |
Interest Expense Interest ExpenseCr | 9 | 14 | 23 | 29 | 29 | 27 | 27 | 30 | 29 | 23 | 25 | 24 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -24 | -19 | -29 | -27 | -93 | -18 | -18 | -26 | -85 | -56 | -41 | -44 |
| -6 | -5 | -7 | -10 | -23 | -5 | -4 | -7 | -5 | -5 | -6 | -6 |
|
Growth YoY PAT Growth YoY% | -520.6 | -1,118.4 | -52.0 | -57.4 | -296.6 | 3.8 | 37.7 | -15.5 | -12.9 | -267.6 | -168.0 | -91.5 |
| -67.6 | -110.2 | -315.5 | -69.6 | -404.3 | -254.5 | -221.3 | -34.0 | -583.3 | -845.3 | -388.1 | -762.4 |
| -4.0 | -3.8 | -5.6 | -4.5 | -18.6 | -3.6 | -3.5 | -5.2 | -21.1 | -11.9 | -11.9 | -8.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 20,880.0 | 771.7 | -99.6 | 57.0 | 4,570.1 | 1,419.0 | -82.1 | 5.4 | -51.1 | -36.1 | 33.9 | -59.0 |
| -13 | 197 | -67 | -101 | -75 | 930 | 171 | 155 | 126 | 171 | 168 | 195 |
Operating Profit Operating ProfitCr |
| 146.9 | 18.5 | 7,293.6 | 6,972.0 | 208.9 | 10.6 | 8.2 | 21.0 | -31.4 | -178.1 | -103.8 | -476.9 |
Other Income Other IncomeCr | 45 | 86 | 112 | 117 | 128 | 187 | 145 | 45 | 35 | 38 | 53 | 37 |
Interest Expense Interest ExpenseCr | 96 | 137 | 163 | 216 | 269 | 371 | 152 | 68 | 58 | 95 | 113 | 101 |
Depreciation DepreciationCr | 1 | 1 | 0 | 0 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| -11 | -7 | 16 | 3 | 2 | -76 | 6 | 17 | -55 | -168 | -147 | -226 |
| 0 | 0 | 4 | -1 | 1 | -24 | 6 | 2 | -14 | -45 | -21 | -23 |
|
| -73.2 | 36.0 | 286.7 | -71.4 | -86.6 | -10,825.5 | 101.1 | 2,578.6 | -374.1 | -199.4 | -2.6 | -61.1 |
| -38.0 | -2.8 | 1,348.1 | 245.3 | 0.7 | -5.0 | 0.3 | 7.6 | -42.8 | -200.3 | -153.4 | -602.9 |
| 5.0 | -1.7 | 5.2 | 1.3 | 0.2 | -41.0 | 0.2 | 4.0 | -10.2 | -32.5 | -33.4 | -53.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 5 | 5 | 5 | 6 | 6 | 8 | 8 | 8 | 8 | 8 | 8 | 9 |
| 41 | 9 | 22 | 138 | 141 | 88 | 105 | 110 | 72 | -51 | -177 | -154 |
Current Liabilities Current LiabilitiesCr | 719 | 1,007 | 1,164 | 1,620 | 2,516 | 2,048 | 1,590 | 1,482 | 981 | 1,403 | 1,354 | 1,476 |
Non Current Liabilities Non Current LiabilitiesCr | 725 | 685 | 954 | 975 | 730 | 831 | 265 | 258 | 906 | 906 | 984 | 920 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 1,166 | 1,407 | 1,724 | 2,213 | 2,796 | 2,616 | 1,867 | 1,698 | 1,784 | 2,119 | 1,926 | 1,993 |
Non Current Assets Non Current AssetsCr | 324 | 300 | 421 | 526 | 597 | 358 | 101 | 169 | 190 | 155 | 250 | 258 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -147 | 237 | -274 | -190 | -177 | 583 | -266 | 118 | 73 | -36 | -75 |
Investing Cash Flow Investing Cash FlowCr | 32 | -212 | 45 | -131 | -247 | -16 | 1,204 | 93 | -67 | -189 | 184 |
Financing Cash Flow Financing Cash FlowCr | 114 | -21 | 204 | 187 | 100 | -562 | -940 | -214 | 0 | 232 | -124 |
|
Free Cash Flow Free Cash FlowCr | -148 | 236 | -279 | -202 | -179 | 581 | -269 | 118 | 72 | -27 | -76 |
| 1,398.4 | -3,504.8 | -2,172.9 | -5,279.6 | -36,551.8 | -1,126.3 | -47,460.7 | 785.1 | -177.3 | 29.2 | 59.7 |
CFO To EBITDA CFO To EBITDA% | -361.9 | 527.9 | -401.6 | -185.8 | -123.3 | 527.8 | -1,734.9 | 285.9 | -241.5 | 32.8 | 88.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 94 | 83 | 206 | 582 | 322 | 78 | 112 | 227 | 235 | 397 | 438 |
Price To Earnings Price To Earnings | 7.7 | 0.0 | 16.3 | 185.8 | 640.3 | 0.0 | 181.6 | 15.1 | 0.0 | 0.0 | 0.0 |
Price To Sales Price To Sales | 3.4 | 0.3 | 221.1 | 396.2 | 4.7 | 0.1 | 0.6 | 1.1 | 2.4 | 6.5 | 5.3 |
Price To Book Price To Book | 2.1 | 5.8 | 7.8 | 5.0 | 2.3 | 0.8 | 1.0 | 1.9 | 3.0 | -9.2 | -2.6 |
| 21.5 | 21.8 | 20.5 | 20.6 | 15.6 | 20.3 | 115.4 | 42.3 | -59.8 | -20.9 | -27.4 |
Profitability Ratios Profitability Ratios |
| 1,036.6 | 96.8 | 23,058.1 | 18,204.3 | 511.9 | 27.3 | 97.7 | 95.6 | 150.9 | 148.1 | 188.1 |
| 146.9 | 18.5 | 7,293.6 | 6,972.0 | 208.9 | 10.6 | 8.2 | 21.0 | -31.4 | -178.1 | -103.8 |
| -38.0 | -2.8 | 1,348.1 | 245.3 | 0.7 | -5.0 | 0.3 | 7.6 | -42.8 | -200.3 | -153.4 |
| 10.2 | 14.1 | 14.6 | 13.0 | 13.1 | 13.0 | 8.9 | 5.2 | 0.2 | -3.9 | -2.0 |
| -23.2 | -47.1 | 47.5 | 2.5 | 0.3 | -54.4 | 0.5 | 12.7 | -51.7 | 284.5 | 74.6 |
| -0.7 | -0.4 | 0.6 | 0.1 | 0.0 | -1.7 | 0.0 | 0.8 | -2.1 | -5.4 | -5.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Emami Realty Ltd., incorporated in 2008, is the real estate arm of the diversified Emami Group, founded by Mr. R. S. Goenka and Mr. R. S. Agarwal. The company has established a strong pan-India presence across residential, commercial, and retail real estate, with over **37 million square feet** of development across West Bengal, Tamil Nadu, Andhra Pradesh, Maharashtra, Odisha, Uttar Pradesh, Jharkhand, and Sri Lanka. Known for landmark projects such as **Emami City, Emami Tejomaya, Montana, and Urbana**, the company has built a brand synonymous with **quality, innovation, and timely delivery**.
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### **Strategic Focus & Business Model**
- **Core Philosophy**: Deliver the right project at the right location, price, and time.
- **Differentiators**: Meticulous planning, premium architecture, reliable execution, and a strong emphasis on **customer trust and brand monetization**.
- **Land & Development Strategy**: Treats land acquisition and property development as distinct verticals—balancing capital-intensive land investments with efficient, technology-driven project execution.
- **Geographic Diversification**: Expanded beyond Kolkata into emerging markets in South and Central India, reducing regional concentration risk and enhancing scalability.
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### **Recent Developments (September 2025)**
- Launched **Emami Aamod**, a luxury residential project in **New Alipore, Kolkata**, reinforcing its strategy of targeting high-value, landmark developments in prime urban micro-markets.
- Inaugurated a **Shiv Parvati Temple at Emami Nature, Jhansi**, underscoring the company’s focus on **community development and spiritual wellness** as part of its holistic living philosophy.
- Projects like **Emami Aastha (Joka)** and **Emami Business Bay (Sector V, Kolkata)** continue to gain strong market acceptance, reflecting confidence in the company’s **design, execution, and delivery standards**.
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### **Emami Aamod – Flagship Project (Launched Nov 2024)**
- **Location**: James Long Sarani, New Alipore, Kolkata.
- **Size**: 4-acre development with four towers.
- **Units**: Spacious, air-conditioned **3 BHK and 4 BHK** apartments with servant rooms; flexible internal layouts allow unit conversion.
- **Unique Features**:
- **1-acre Aqua Serenity Lake** with **India’s first rhythmic musical fountain** in a residential complex—designed for both aesthetic appeal and enhanced water aeration for hygiene.
- Private cabanas, panoramic **180-degree lake views**, and balconies in every room.
- **Over 35 luxury amenities**, including Vastu-compliant designs, **EV charging stations**, and **VRV (Variable Refrigerant Volume) air conditioning**.
- **10-tier security system** to ensure safety and premium lifestyle.
- **Accessibility**: Situated on a **24-meter-wide congestion-free road**, close to top healthcare, educational, and retail hubs.
- **Revenue Potential**: Expected to generate **₹850 crore** in sales.
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### **Operational Excellence & Digital Transformation**
Emami Realty leverages advanced digital tools to boost efficiency, transparency, and customer experience:
- **Falcon Bricks**: Digital quality monitoring and structural integrity tracking.
- **Sales Force CRM**: End-to-end lead and channel partner management with **OTP-based sales tracking** for transparency.
- **Birla Pivot**: For procurement optimization and cost control.
- **AI & AR/VR**: AI-powered chatbots for instant customer queries; **virtual site tours** and **VR-based experience centers** for immersive project visualization.
- **Chat-Based Customer Support**: Real-time updates and engagement throughout the buyer journey.
- **Forest-Themed Experience Center** at Emami Aastha—featuring interactive touch-panel models and VR walkthroughs—sets a new benchmark in customer engagement.
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### **Project Performance & Sales Traction**
*(As of March 31, 2025)*
- **Emami Business Bay (Kolkata)**: **97% booking rate**.
- **Emami Aastha (Joka, Kolkata)**: **80% booking rate**.
- **Emami Nature (Jhansi)**: Achieved **96% inventory booking** in earlier cycles (433 units sold).
- **Total Sales Value (FY 2024–25)**: ₹**245 crores** across all projects.
- **Cumulative Booking Success**:
- **Emami City (Kolkata)**: >99% sold.
- **Emami Tejomaya (Tamil Nadu)**: >99% sold.
- **Emami Aerocity (Coimbatore)**: >82% sold.
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### **Financial Health & Governance**
- **Debt Reduction**: Operating debt reduced by **30%** (from ₹83 crores in FY22–23 to ₹56 crores in FY23–24), supported by robust **cash flows from operations**.
- **Financial Discipline**: Lean operations, strong project management, and centralized digital governance ensure **timely delivery and stakeholder value**.
- Progressing toward **debt-free status** with improved credit ratings.
- As of FY23, had **developed 4.5 million sq. ft.** of real estate, with **22 million sq. ft.** in the pipeline.
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### **Competitive Strengths**
1. **Strong Brand Legacy**: Backed by the 45+ year-old Emami Group with diversified interests in FMCG, healthcare, and retail.
2. **Strategic Partnerships**: Collaborations with world-renowned firms like **Moshe Safdie (architect)** and **L&T** for design and construction excellence.
3. **Land Bank Monetization**: Focus on converting owned land and JV partnerships into high-yield developments.
4. **Innovation Leadership**: Early adopter of AI, AR/VR, digital sales platforms, and eco-friendly technologies (e.g., VRV, EV charging).
5. **Resilient Business Model**: Proven ability to launch innovative offers (e.g., *‘Never Ever Offer’*, *‘Live Now Pay Later’*) during market downturns to drive sales.
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