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Emami Realty Limited (IN:EMAMIREAL)
:EMAMIREAL
India Market

Emami Realty Limited (EMAMIREAL) AI Stock Analysis

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IN:EMAMIREAL

Emami Realty Limited

(EMAMIREAL)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
₹56.00
▼(-31.34% Downside)
Action:ReiteratedDate:03/26/26
The score is primarily weighed down by weak financial performance (declining revenue, persistent losses, negative equity, and negative operating/free cash flow). Technical indicators also reflect a downtrend with negative momentum, while valuation metrics are not supportive due to a negative P/E and no dividend yield data.
Positive Factors
Asset-backed real estate development model
Emami Realty's core business is project-driven real estate development with asset-backed units and potential leasing streams. This business model provides durable, tangible asset value and predictable project-based revenue recognition over development cycles, supporting medium-term recovery.
Negative Factors
Steep revenue decline 2020–2025
Revenue collapsed from 10.37bn to 823.1m between 2020 and 2025, eroding scale and pricing power. This structural top-line deterioration impairs fixed-cost absorption, weakens margins and makes funding and completing projects materially harder without sustained revenue recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-backed real estate development model
Emami Realty's core business is project-driven real estate development with asset-backed units and potential leasing streams. This business model provides durable, tangible asset value and predictable project-based revenue recognition over development cycles, supporting medium-term recovery.
Read all positive factors

Emami Realty Limited (EMAMIREAL) vs. iShares MSCI India ETF (INDA)

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 n...
How the Company Makes Money
Emami Realty Limited primarily makes money through revenue generated from real estate development projects. Key revenue streams typically include (1) sale of real estate units (e.g., apartments or other developed properties) to customers, where re...

Emami Realty Limited Financial Statement Overview

Summary
Financials indicate significant distress: revenues have fallen sharply over 2020–2025, profitability remains negative (loss-making with negative EBIT/EBITDA), equity is negative (liabilities exceed assets), and operating/free cash flows have been negative in recent years, raising liquidity and solvency risk.
Income Statement
15
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
25
Negative
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue860.56M823.10M614.60M961.50M1.92B1.82B
Gross Profit20.28M37.30M-766.80M-195.60M767.80M758.90M
EBITDA-1.00B-325.80M-690.60M56.50M1.72B2.61B
Net Income-1.85B-1.26B-1.23B-386.30M150.40M6.10M
Balance Sheet
Total Assets22.51B21.76B22.74B19.74B18.67B19.68B
Cash, Cash Equivalents and Short-Term Investments4.42B4.59B1.08B478.30M206.80M788.20M
Total Debt19.10B19.05B19.16B15.87B15.28B16.73B
Total Liabilities23.96B23.38B23.09B18.87B17.40B18.55B
Stockholders Equity-1.45B-1.62B-356.80M871.80M1.27B1.13B
Cash Flow
Free Cash Flow-579.97M-764.20M-371.20M721.70M1.12B-2.69B
Operating Cash Flow-578.82M-754.00M-359.50M729.20M1.18B-2.66B
Investing Cash Flow-9.57M1.84B-1.89B-665.70M926.40M12.04B
Financing Cash Flow599.35M-1.24B2.32B-4.70M-2.13B-9.40B

Emami Realty Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price81.56
Price Trends
50DMA
64.55
Negative
100DMA
73.76
Negative
200DMA
92.08
Negative
Market Momentum
MACD
-1.48
Negative
RSI
55.59
Neutral
STOCH
79.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EMAMIREAL, the sentiment is Neutral. The current price of 81.56 is above the 20-day moving average (MA) of 57.92, above the 50-day MA of 64.55, and below the 200-day MA of 92.08, indicating a neutral trend. The MACD of -1.48 indicates Negative momentum. The RSI at 55.59 is Neutral, neither overbought nor oversold. The STOCH value of 79.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:EMAMIREAL.

Emami Realty Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
₹3.32B20.1764.41%22.85%
67
Neutral
₹4.95B30.89-10.59%101.05%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
54
Neutral
₹8.27B119.394.65%-154.71%
54
Neutral
₹2.18B68.77-36.78%-26.62%
45
Neutral
₹1.47B-189.52181.64%-93.08%
42
Neutral
₹2.98B-2.3862.06%-51.93%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:EMAMIREAL
Emami Realty Limited
67.97
-58.53
-46.27%
IN:EXCEL
Excel Realty N Infra Ltd
1.04
0.28
36.84%
IN:NILAINFRA
Nila Infrastructures Limited
8.42
-0.73
-7.98%
IN:PANSARI
Pansari Developers Ltd.
283.95
128.95
83.19%
IN:PROZONER
Prozone Realty Ltd
54.22
22.23
69.49%
IN:SUMIT
Sumit Woods Ltd.
48.13
-40.26
-45.55%

Emami Realty Limited Corporate Events

India Ratings Affirms Emami Realty’s Long-Term Bank Facilities at ‘IND A-/Stable’
Jan 12, 2026
Emami Realty Limited announced that India Ratings and Research has affirmed the company’s long-term bank loan facilities rating at ‘IND A-/Stable’ while noting a reduction in the rated loan size to INR 3,650 million from INR 4,10...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 26, 2026