Emami Realty Limited (EMAMIREAL) AI Stock Analysis

• Market Cap: ₹3.55B
• Dividend Yield: N/A
• Average Volume (3M): 2.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.73
• Revenue Growth: 62.06%
• EPS Growth: -51.93%
• Country: IN
• Employees: 115
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -8.11
• Shares Outstanding: 43,833,890
• 10 Day Avg. Volume: 1,311
• 30 Day Avg. Volume: 2,256
• PEG Ratio: -1.33
• Price to Book (P/B): -2.82
• Price to Sales (P/S): 5.54
• P/FCF Ratio: -5.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ₹78.00 ▼(-7.99% Downside)

Emami Realty Limited is facing significant financial challenges, with declining revenues, persistent losses, and a heavily leveraged balance sheet. The technical indicators suggest a bearish trend, and the valuation metrics are unattractive due to negative earnings and lack of dividends. These factors collectively result in a low overall stock score.

Positive Factors

Revenue Growth

Despite financial distress, the company shows strong revenue growth, indicating potential market demand and successful project execution.

Diverse Revenue Streams

A diverse revenue model through sales, leasing, and partnerships provides resilience against market fluctuations and enhances financial stability.

Strategic Collaborations

Strategic collaborations expand project reach and resource access, potentially improving profitability and competitive positioning in the market.

Negative Factors

High Leverage

High leverage and negative equity indicate financial instability, posing risks to long-term sustainability and limiting growth opportunities.

Negative Cash Flows

Consistent negative cash flows highlight liquidity issues, challenging the company's ability to fund operations and invest in growth.

Operational Inefficiencies

Operational inefficiencies reflected in negative margins suggest difficulties in managing costs and generating profits, impacting long-term viability.

Emami Realty Limited Business Overview & Revenue Model

Company Description

Emami Realty Limited engages in the construction and real estate development business in India. It undertakes projects in residential, commercial, and retail sectors. The company was formerly known as Emami Infrastructure Limited and changed its name to Emami Realty Limited in October 2018. Emami Realty Limited was incorporated in 2006 and is based in Kolkata, India.

How the Company Makes Money

Emami Realty generates revenue through multiple channels, predominantly from the sale of residential and commercial properties. The company's revenue model is built around the development of real estate projects, where it earns income from property sales, leasing, and rental agreements. Additionally, Emami Realty may engage in joint ventures and partnerships with other developers and investors, which can enhance its project reach and profitability. The company also benefits from strategic collaborations that enable access to land and resources, further contributing to its financial performance. Factors such as market demand, location of developments, and economic conditions significantly influence its revenue streams.

Emami Realty Limited Financial Statement Overview

Summary

Emami Realty Limited is experiencing significant financial distress, with declining revenues, persistent losses, a heavily leveraged balance sheet, and negative cash flows. The company faces challenges in improving profitability and financial stability, with immediate attention needed to address high debt levels and operational inefficiencies.

Income Statement

Emami Realty Limited has experienced declining revenues from 2020 to 2025, with total revenue dropping from 10.37 billion to 823.1 million. The net profit margin has been negative, reflecting ongoing losses, and the company has struggled with negative EBIT and EBITDA margins, indicating operational inefficiencies and challenges in generating profit.

Balance Sheet

The balance sheet reveals a concerning level of leverage with a negative equity, indicating the company is highly indebted with liabilities exceeding assets. The debt-to-equity ratio is irrelevant as equity is negative, and stockholder equity has deteriorated significantly over the years, posing a risk to financial stability.

Cash Flow

Cash flow analysis shows negative operating cash flows in recent years, indicating challenges in generating cash from operations. Free cash flow is also negative, highlighting liquidity issues, although there was improvement in investing cash flow in 2025. The inability to consistently generate positive free cash flow is a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	828.87M	823.10M	614.60M	961.50M	1.92B	1.82B
Gross Profit	25.82M	37.30M	-766.80M	-195.60M	767.80M	758.90M
EBITDA	-742.86M	-325.80M	-690.60M	56.50M	1.72B	2.61B
Net Income	-1.63B	-1.26B	-1.23B	-386.30M	150.40M	6.10M
Balance Sheet
Total Assets	0.00	21.76B	22.74B	19.74B	18.67B	19.68B
Cash, Cash Equivalents and Short-Term Investments	308.50M	4.59B	1.08B	478.30M	206.80M	788.20M
Total Debt	0.00	19.05B	19.16B	15.87B	15.28B	16.73B
Total Liabilities	1.62B	23.38B	23.09B	18.87B	17.40B	18.55B
Stockholders Equity	-1.62B	-1.62B	-356.80M	871.80M	1.27B	1.13B
Cash Flow
Free Cash Flow	0.00	-764.20M	-371.20M	721.70M	1.12B	-2.69B
Operating Cash Flow	0.00	-754.00M	-359.50M	729.20M	1.18B	-2.66B
Investing Cash Flow	0.00	1.84B	-1.89B	-665.70M	926.40M	12.04B
Financing Cash Flow	0.00	-1.24B	2.32B	-4.70M	-2.13B	-9.40B

Emami Realty Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 84.77
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EMAMIREAL, the sentiment is Negative. The current price of 84.77 is below the 20-day moving average (MA) of 90.86, below the 50-day MA of 98.24, and below the 200-day MA of 108.65, indicating a bearish trend. The MACD of -4.13 indicates Positive momentum. The RSI at 36.30 is Neutral, neither overbought nor oversold. The STOCH value of 15.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EMAMIREAL.

Emami Realty Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PANSARI	66 Neutral	₹4.97B	48.81	―	―	-10.59%	101.05%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NILAINFRA	63 Neutral	₹3.73B	16.17	―	―	64.41%	22.85%
SUMIT	51 Neutral	₹3.45B	29.83	―	―	-36.78%	-26.62%
EXCEL	47 Neutral	₹2.05B	1,208.33	―	―	181.64%	-93.08%
EMAMIREAL	39 Underperform	₹3.55B	―	―	―	62.06%	-51.93%

Emami Realty Limited Corporate Events

Emami Realty Initiates Postal Ballot for Shareholder Resolutions

Emami Realty Limited has announced a Postal Ballot Notice seeking shareholder approval through remote e-voting for certain resolutions. This move aligns with regulatory compliance and emphasizes the company’s commitment to engaging shareholders in decision-making processes, potentially impacting its governance and operational strategies.

Emami Realty’s Strategic Related Party Transactions Approved

Emami Realty Limited has announced that its Board of Directors has approved entering into Related Party Transactions with Orbit Projects Private Limited and Swanhousing & Infra Private Limited, exceeding the materiality threshold set by SEBI regulations. These transactions are subject to shareholder approval, and the company plans to seek this through a postal ballot or e-voting process, indicating a strategic move to strengthen its operational capabilities and partnerships.

Emami Realty Announces Resignation of VP – Projects

Emami Realty Limited announced the resignation of Mr. Sunil Kumar Pathak as Vice President – Projects, effective October 13, 2025. However, his last working date has been extended, allowing him to continue in his role until this date. This change is attributed to personal reasons, and the company has communicated this update to the relevant stock exchanges, ensuring compliance with SEBI regulations.