EMMBI

Emmbi Industries financials

Market cap
₹171 Cr
Sector
Capital Goods

What Emmbi Industries Limited does

Emmbi Industries Limited, established in 1994, is a processor of polymers manufacturing woven polymer products such as FIBC (flexible intermediate bulk containers), industrial packaging, container liners, pond liners, mulch films and advanced composites, sold to pharmaceutical, FMCG, chemicals, food, construction and automobile customers in India and across 70+ export countries. In 2016 the company launched a B2C initiative, 'Avana', comprising water-management and agri-polymer products (pond liners, tarpaulins, crop covers, threads) sold to farmers. Manufacturing is carried out across fully fungible extrusion and weaving units that can be shared between the B2B and B2C product lines, giving flexibility during sectoral slowdowns.

Segments

  • Export Packaging
  • Domestic Packaging
  • Avana Consumer Durables
  • Avana Consumer Goods
Manufacturing units
10, fully fungible across Extrusion & Weaving (Export Packaging, Domestic Packaging, Avana Consumer Durables, Avana Consumer Goods)
Cumulative installed capacity
29,840 MTPA (FY24)
Export presence
70+ countries
Patents
13 filed (6 granted, others in process)
B2C multi-brand outlets
1,000+ (Maharashtra & neighbouring states)
R&D engineering team
35+ engineers
Founded 1994Headquarters Mumbai, Maharashtra Company website

Quarterly results

Q1 FY27: revenue up 10.1%, net profit up 13.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue103 103 108 104 122 +19%112 +9%115 +7%115 +10%
EBITDA10 10 10 10 12 +21%11 +14%11 +7%10 +3%
Net profit2 2 2 2 3 +72%1 −36%2 +42%2 +14%
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 −15.0% 1Y

₹60₹80₹100Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹104.59 on 10 Sept 2025 → ₹88.95. High ₹115.46 (17 Nov 2025), low ₹60.59 (30 Mar 2026).

Financials, as filed

Revenue grew 6.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 9.6%.

Year endingFY23FY24FY25FY26
Revenue₹371 Cr₹377 Cr₹404 Cr₹454 Cr
Operating profit₹37 Cr₹37 Cr₹39 Cr₹43 Cr
Operating margin10.1%9.9%9.6%9.6%
Interest₹16 Cr₹17 Cr₹18 Cr₹19 Cr
Depreciation₹10 Cr₹11 Cr₹12 Cr₹12 Cr
Net profit₹8 Cr₹10 Cr₹7 Cr₹8 Cr
Net margin2.2%2.6%1.6%1.8%
Cash from operations₹38 Cr₹28 Cr₹25 Cr₹9 Cr
Free cash flow₹14 Cr₹8 Cr₹6 Cr₹-3 Cr
ROCE9.0%8.0%8.0%9.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹18 Cr₹18 Cr₹18 Cr₹18 Cr₹19 Cr₹19 Cr
Reserves₹117 Cr₹136 Cr₹143 Cr₹152 Cr₹178 Cr₹180 Cr
Borrowings₹136 Cr₹144 Cr₹147 Cr₹156 Cr₹165 Cr₹176 Cr
Other liabilities₹55 Cr₹57 Cr₹59 Cr₹62 Cr₹75 Cr₹82 Cr
Total liabilities₹326 Cr₹355 Cr₹366 Cr₹388 Cr₹437 Cr₹458 Cr
Fixed assets₹137 Cr₹152 Cr₹162 Cr₹176 Cr₹183 Cr₹181 Cr
Capital work in progress₹4 Cr₹0 Cr₹5 Cr₹0 Cr₹0 Cr₹1 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹185 Cr₹203 Cr₹200 Cr₹212 Cr₹254 Cr₹276 Cr
Total assets₹326 Cr₹355 Cr₹366 Cr₹388 Cr₹437 Cr₹458 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

The ownership split has held steady since Jun 2025. The shareholder count shrank 11% to 12,398.

Promoters
63.0%
Public
37.1%

Since Jun 2025

  • FIIs −0.02 pp
  • Promoters +0.01 pp
  • Public +0.01 pp

How it drifted, 12 quarters

Over this window promoters went from 58.9% to 63.0% — +4.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 58.9%, FIIs 0.3%, DIIs 1.9%, Public 39.0%.Dec '23: Promoters 58.9%, FIIs 0.3%, DIIs 1.9%, Public 39.0%.Mar '24: Promoters 59.2%, FIIs 0.2%, DIIs 1.2%, Public 39.4%.Jun '24: Promoters 59.8%, FIIs 0.1%, DIIs 1.2%, Public 38.8%.Sep '24: Promoters 59.7%, FIIs 0.1%, Public 40.2%.Dec '24: Promoters 61.4%, FIIs 0.2%, Public 38.4%.Mar '25: Promoters 61.4%, FIIs 0.1%, Public 38.5%.Jun '25: Promoters 62.9%, FIIs 0.0%, Public 37.0%.Sep '25: Promoters 62.9%, Public 37.1%.Dec '25: Promoters 62.9%, Public 37.1%.Mar '26: Promoters 63.0%, Public 37.1%.Jun '26: Promoters 63.0%, Public 37.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Emmbi Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Makarand Moreshwar Appalwar 19.96%unchanged
Rinku Makrand Appalwar 12.31%unchanged
Kitec Industries (India) Private Ltd 8.76%unchanged
Emmbi Laboratories Pvt Ltd 8.64%unchanged
Maithili Appalwar 5.55%unchanged
Maithili Agrotech Private Limited 5.52%unchanged
Dheeraj Kumar Lohia 1.51%unchanged
Mitravinda Moreshwar Appalwar 1.26%unchanged
Jawahar Harakhchand Shah 1.15%unchanged
Avinash R Laddha 0.96%unchanged

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.

What the price assumes

Expensive

To justify its price of ₹89, this stock must grow earnings at 11% every year for 7 years. Our analysis caps realistic growth at ~-3%. At that growth it is worth ₹40 — downside of 55%.

Growth the price implies
11.4% a year
for 7 years, fading to 4%
It has actually compounded at
-0.6% a year
net profit, FY23–FY26 · EPS -3.3%
The gap
0.1 pp
-55% downside if it only repeats history
Price today ₹88.95 Value at the reference growth ₹39.98

Change the assumptions yourself →

Learn to analyse Emmbi Industries Limited

Guides on how to read this kind of business and the numbers that matter.