EMAMIREAL
Emami Realty financials
- Market cap
- ₹376 Cr
- Sector
- Realty
What Emami Realty Ltd does
Emami Realty develops and sells real estate comprising residential and commercial units as well as plotted and other land, executing projects directly and through subsidiaries and joint ventures. Revenue and profit are recognised under the project-completion method, i.e. only on receipt of the occupancy certificate for a given project or phase, with a typical project cycle of 4-6 years. The company has emerged as one of the prominent real estate developers in Eastern India, with projects also being developed via joint-venture and joint-development arrangements in other regions of the country.
Segments
- Residential development
- Commercial development
- Plotted land development
- Geographic footprint
- Eastern India base (Kolkata) with projects/JVs in Jhansi (UP), Thiruporur (Tamil Nadu), Mumbai, Odisha and Hyderabad
- Named development projects / land parcels
- 6 (Emami Nature; Emami Tejomaya; planned Buda, Jhansi project; AVANTE JV, Mumbai; residential JV, Govindpur, Odisha; JV land, Hyderabad)
- Emami Nature township land parcel
- ~100 acres, developed in 2 phases (Khailar, Jhansi)
- Emami Tejomaya project land parcel
- 8.57 acres (Thiruporur, Tamil Nadu)
- Typical project development cycle
- 4-6 years (project-completion revenue recognition)
Quarterly results
Q1 FY27: revenue up 0.0%, net profit up 66.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 57 | 14 | 6 | 9 +50% | 5 −91% | 73 +421% | 6 +0% |
| EBITDA | -3 | -9 | -70 | -41 | -24 −700% | -26 −189% | -56 +20% | -4 +90% |
| Net profit | -13 | -19 | -80 | -51 | -36 −177% | -37 −95% | -66 +18% | -17 +67% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −40.2% 1Y
1Y: ₹116.69 on 10 Sept 2025 → ₹69.8. High ₹118.6 (11 Sept 2025), low ₹52.76 (24 Mar 2026).
Financials, as filed
Revenue fell 1.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to -158.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹96 Cr | ₹61 Cr | ₹82 Cr | ₹93 Cr |
| Operating profit | ₹-30 Cr | ₹-109 Cr | ₹-86 Cr | ₹-147 Cr |
| Operating margin | -31.2% | -178.7% | -104.9% | -158.1% |
| Interest | ₹59 Cr | ₹95 Cr | ₹113 Cr | ₹97 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Net profit | ₹-39 Cr | ₹-122 Cr | ₹-126 Cr | ₹-190 Cr |
| Net margin | -40.6% | -200.0% | -153.7% | -204.3% |
| Cash from operations | ₹73 Cr | ₹-36 Cr | ₹-75 Cr | ₹-196 Cr |
| Free cash flow | ₹72 Cr | ₹-27 Cr | ₹-76 Cr | ₹-194 Cr |
| ROCE | 0.0% | -4.0% | -2.0% | -7.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹105 Cr | ₹120 Cr | ₹80 Cr | ₹-43 Cr | ₹-154 Cr | ₹-257 Cr |
| Borrowings | ₹1.7k Cr | ₹1.5k Cr | ₹1.6k Cr | ₹1.9k Cr | ₹1.9k Cr | ₹2.0k Cr |
| Other liabilities | ₹186 Cr | ₹212 Cr | ₹299 Cr | ₹393 Cr | ₹485 Cr | ₹547 Cr |
| Total liabilities | ₹2.0k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.3k Cr | ₹2.3k Cr | ₹2.3k Cr |
| Fixed assets | ₹52 Cr | ₹50 Cr | ₹49 Cr | ₹36 Cr | ₹34 Cr | ₹33 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹90 Cr | ₹104 Cr | ₹105 Cr | ₹122 Cr | ₹116 Cr | ₹152 Cr |
| Other assets | ₹1.8k Cr | ₹1.7k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹2.1k Cr | ₹2.1k Cr |
| Total assets | ₹2.0k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.3k Cr | ₹2.3k Cr | ₹2.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +4.97 pp while the public trimmed −4.96 pp. The shareholder count shrank 4% to 25,731.
- Promoters
- 73.4%
- DIIs
- 0.1%
- Public
- 26.5%
Since Jun 2025
- Promoters +4.97 pp
- Public −4.96 pp
- DIIs −0.01 pp
How it drifted, 12 quarters
Over this window the public fell from 36.5% to 26.5% — −10.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 63.5%, FIIs 0.0%, DIIs 0.0%, Public 36.5%.Dec '23: Promoters 63.5%, FIIs 0.0%, DIIs 0.0%, Public 36.5%.Mar '24: Promoters 63.5%, FIIs 0.1%, DIIs 0.0%, Public 36.5%.Jun '24: Promoters 63.5%, FIIs 0.2%, DIIs 0.0%, Public 36.3%.Sep '24: Promoters 63.5%, FIIs 0.1%, DIIs 0.1%, Public 36.4%.Dec '24: Promoters 63.5%, FIIs 0.1%, DIIs 0.1%, Public 36.3%.Mar '25: Promoters 63.5%, DIIs 0.1%, Public 36.4%.Jun '25: Promoters 68.5%, DIIs 0.1%, Public 31.5%.Sep '25: Promoters 68.5%, FIIs 0.0%, DIIs 0.1%, Public 31.4%.Dec '25: Promoters 68.5%, DIIs 0.1%, Public 31.5%.Mar '26: Promoters 68.5%, DIIs 0.1%, Public 31.5%.Jun '26: Promoters 73.4%, DIIs 0.1%, Public 26.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Diwakar Finvest Private Limited +3.10 pp 34.15% held
- Suraj Finvest Private Limited +2.93 pp 33.60% held
- Radheshyam Goenka +0.61 pp 0.61% held
- Mohan Goenka +0.25 pp 0.31% held
- Manish Goenka +0.22 pp 0.31% held
- Jayant Goenka +0.15 pp 0.15% held
- Sachin Goenka +0.15 pp 0.15% held
- Usha Agarwal +0.08 pp 0.09% held
The same filing shows 8 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Emami Realty Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Diwakar Finvest Private Limited | 34.15% | +3.10 pp |
| Suraj Finvest Private Limited | 33.60% | +2.93 pp |
| Priti A Sureka | 2.24% | −0.42 pp |
| Bpc Tradecom Private Limited | 1.88% | −0.35 pp |
| Lalita Steel Industries P Ltd | 1.73% | −0.32 pp |
| Radheshyam Goenka | 0.61% | +0.61 pp |
| Rajkumar Goenka | 0.50% | −0.41 pp |
| Santosh Goenka | 0.47% | −1.12 pp |
| Manish Goenka | 0.31% | +0.22 pp |
| Mohan Goenka | 0.31% | +0.25 pp |
| Indu Goenka | 0.23% | −0.45 pp |
| Jayant Goenka | 0.15% | +0.15 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Emami Realty Ltd
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