---
title: "EMA Partners India Ltd (EMAPARTNER) — Share Price, Financials & Analysis"
symbol: "EMAPARTNER"
company: "EMA Partners India Ltd"
canonical: "https://tapetide.com/stocks/EMAPARTNER"
isin: "INE0ZOL01023"
nse_symbol: "EMAPARTNER"
sector: "Commercial Services"
industry: "Consulting Services"
market_cap_cr: 180.17
generated_at: "2026-09-13T18:32:37.273Z"
---

# EMA Partners India Ltd (EMAPARTNER)

Canonical page: https://tapetide.com/stocks/EMAPARTNER

## Company

- **NSE Symbol:** EMAPARTNER
- **ISIN:** INE0ZOL01023
- **Sector:** Commercial Services
- **Industry:** Consulting Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-01-24
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** emapartners.in

## About

Incorporated in 2003, EMA Partners India Limited is an executive search firm offering specialized hiring solutions.[1]

## Latest Price

- **Price:** ₹82.7
- **Change:** +2.7 (+3.38%)
- **Open:** ₹80
- **Day High:** ₹83
- **Day Low:** ₹80
- **Previous Close:** ₹80
- **Volume:** 14000
- **As Of:** 2026-09-11T10:01:39+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:29.744985Z.

- **Market Cap:** ₹180.17 Cr
- **Classification:** SME
- **P/E (reported):** 15.1
- **Book Value:** ₹66.12
- **Price to Book:** 1.21
- **Dividend Yield:** 0%
- **ROE:** 9.05%
- **ROCE:** 11.8%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹87.36 Cr
- **Net Income:** ₹10.31 Cr
- **EBITDA:** ₹14.37 Cr
- **52-Week High:** ₹104.4
- **52-Week Low:** ₹65.25
- **RSI (14):** 43.95

## Tapetide Score

- **Score:** 61 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 90.4 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 85.12 | 9% |
| growth | 59.17 | 9% |
| momentum | 69.63 | 12% |
| ownership | 58 | 24% |
| quality | 72.23 | 22% |
| valuation | 45.47 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Promoter holding has increased by 2.21% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.5% over last 3 years.
- Working capital days have increased from 105 days to 256 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 6.04% | 364.71% | — |
| ebitda margin growth | -31.9% | -39.42% | -38.95% |
| net income growth | -16.85% | 60% | -10.35% |
| revenue growth | 10.58% | 20% | 8.57% |
| roce | -56.51% | 19.31% | 20.24% |
| roe | -65.98% | 14.3% | 25% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 29 | 38 | 39 | 35 | 41 | 47 |
| Expenses | 22 | 29 | 30 | 31 | 33 | 40 |
| Operating Profit | 7 | 10 | 9 | 4 | 8 | 7 |
| OPM % | 23 | 25 | 24 | 11 | 19 | 14 |
| Other Income | 0 | 1 | 1 | 4 | 2 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 10 | 9 | 7 | 9 | 6 |
| Tax % | 12 | 13 | 24 | 18 | 21 | 15 |
| Net Profit | 6 | 9 | 7 | 6 | 7 | 5 |
| EPS in Rs | 131.71 | 205.96 | 3.81 | 2.5 | 3.06 | 2.24 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 57 | 50 | 67 | 74 | 87 |
| Expenses | 43 | 46 | 51 | 61 | 73 |
| Operating Profit | 14 | 4 | 17 | 13 | 14 |
| OPM % | 25 | 8 | 25 | 18 | 16 |
| Other Income | 1 | 1 | 2 | 5 | 3 |
| Interest | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 14 | 4 | 17 | 16 | 15 |
| Tax % | 17 | 25 | 12 | 21 | 18 |
| Net Profit | 11 | 3 | 15 | 12 | 12 |
| EPS in Rs | 225.4 | 72.59 | 337.43 | 5.42 | 5.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.05 | 0.04 | 0.04 | 12 | 12 |
| Reserves | 39 | 40 | 54 | 126 | 142 |
| Borrowings | 4 | 1 | 8 | 1 | 1 |
| Other Liabilities | 15 | 13 | 15 | 16 | 16 |
| Total Liabilities | 58 | 53 | 77 | 154 | 171 |
| Fixed Assets | 10 | 9 | 13 | 20 | 20 |
| CWIP | 0 | 0 | 8 | 0 | 0 |
| Investments | 7 | 8 | 9 | 44 | 46 |
| Other Assets | 41 | 35 | 47 | 91 | 105 |
| Total Assets | 58 | 53 | 77 | 154 | 171 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 8 | 3 | 12 | 13 | -1 |
| Cash from Investing Activity | -3 | -1 | -12 | -79 | 28 |
| Cash from Financing Activity | -1 | -6 | 7 | 63 | -1 |
| Net Cash Flow | 4 | -4 | 7 | -4 | 27 |
| Free Cash Flow | 7 | 2 | 0 | 11 | -4 |
| CFO/OP | 81 | 100 | 78 | 122 | 43 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 89 | 92 | 102 | 65 | 106 |
| Cash Conversion Cycle | 89 | 92 | 102 | 65 | 106 |
| Working Capital Days | 7 | 21 | 34 | 24 | 256 |
| ROCE % | — | 9 | 32 | 13 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 63.38% | 63.55% | 63.55% |
| FIIs | 1.9% | 0% | 0.11% |
| DIIs | 2.5% | 2.5% | 14.58% |
| Government | 0% | 0% | 0% |
| Public | 13.12% | 19.29% | 12.05% |
| Others | 19.1% | 14.65% | 9.7% |
| No. of Shareholders | 1377 | 1196 | 1105 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 5 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 83.54 | Sell |
| EMA (10) | 83.33 | Sell |
| SMA (20) | 83.65 | Sell |
| EMA (20) | 83.36 | Sell |
| SMA (50) | 82.51 | Buy |
| EMA (50) | 83.48 | Sell |
| SMA (100) | 85.54 | Sell |
| EMA (100) | 84.07 | Sell |
| SMA (200) | 84.02 | Sell |
| EMA (200) | 84.57 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.95 | Neutral |
| MACD (12,26,9) | 0.1 | Sell |
| Stochastic (14,3,3) | 19.43 | Buy |
| ADX (14) | 29.42 | Buy |
| Williams %R (14) | -71.33 | Neutral |
| ATR (14) | 4.35 | High Volatility |
| ROC (12) | -6.87 | Sell |
| Stoch RSI (14) | 31.23 | Neutral |
| UO (7,14,28) | 50.11 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 March 2026 - One-on-one meeting on 12 Mar 2026 10:00 AM with Sixteenth Street Capital; CMD to represent; no UPSI. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 March 2026 - One-on-one meeting on 12 Mar 2026 10:00 AM with Sixteenth Street Capital; CMD to represent; no UPSI.](https://nsearchives.nseindia.com/corporate/EMAIN_09032026153426_Intimation_of_Investor_Meet.pdf) |
| 8 May 2026 - Published newspaper advertisement for corrigendum to buyback letter of offer on May 8, 2026. | [Buyback 8 May 2026 - Published newspaper advertisement for corrigendum to buyback letter of offer on May 8, 2026.](https://nsearchives.nseindia.com/corporate/EMAIN_08052026114457_Newpaper_Ad_Corrigendum_LOF_sd.pdf) |
| 8 May 2026 - Newspaper ad issued May 8, 2026 for buyback corrigendum in Business Standard and Navshakti. | [Copy of Newspaper Publication 8 May 2026 - Newspaper ad issued May 8, 2026 for buyback corrigendum in Business Standard and Navshakti.](https://nsearchives.nseindia.com/corporate/EMAIN_08052026115002_Newpaper_Ad_Corrigendum_LOF_sd.pdf) |
| 8 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no rematerialisation requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no rematerialisation requests received.](https://nsearchives.nseindia.com/corporate/EMAIN_08042026204952_Disclosure_Certificate_74_5__March_2026.pdf) |
| 7 May 2026 - Corrigendum to buyback letter of offer for up to 7,25,000 shares at ₹100, totaling ₹725 lakh. | [Buyback 7 May 2026 - Corrigendum to buyback letter of offer for up to 7,25,000 shares at ₹100, totaling ₹725 lakh.](https://nsearchives.nseindia.com/corporate/EMAIN_07052026194259_Intimation_Corrigendum_to_LOF.pdf) |
| 6 May 2026 - Newspaper publication confirms May 6, 2026 dispatch of buyback letter of offer. | [Buyback 6 May 2026 - Newspaper publication confirms May 6, 2026 dispatch of buyback letter of offer.](https://nsearchives.nseindia.com/corporate/EMAIN_06052026162130_Intimation_Newspaper_advertisement_LOF_sd.pdf) |
| 6 May 2026 - Newspaper publication confirms dispatch of buyback Letter of Offer on May 6, 2026. | [Copy of Newspaper Publication 6 May 2026 - Newspaper publication confirms dispatch of buyback Letter of Offer on May 6, 2026.](https://nsearchives.nseindia.com/corporate/EMAIN_06052026161609_Intimation_Newspaper_advertisement_LOF_sd.pdf) |
| 6 July 2026 - EMA Partners subscribed to 66,691 Taggd shares for ₹7.61 crore on July 6, 2026. | [General Updates 6 July 2026 - EMA Partners subscribed to 66,691 Taggd shares for ₹7.61 crore on July 6, 2026.](https://nsearchives.nseindia.com/corporate/EMAIN_06072026231550_Disclosure_under_Reg_30_Subscription_of_Shares.pdf) |
| 5 Sep - Newspaper ads confirm annual report dispatch and 23rd AGM notice for 28 Sept 2026. | [Copy of Newspaper Publication 5 Sep - Newspaper ads confirm annual report dispatch and 23rd AGM notice for 28 Sept 2026.](https://nsearchives.nseindia.com/corporate/EMAIN_05092026130708_Intimation_of_Post_dispatch_of_Annual_Report_sd.pdf) |
| 5 May 2026 - EMA Partners launches ₹725 lakh buyback of 7.25 lakh shares at ₹100; opens May 7, closes May 13. | [Buyback 5 May 2026 - EMA Partners launches ₹725 lakh buyback of 7.25 lakh shares at ₹100; opens May 7, closes May 13.](https://nsearchives.nseindia.com/corporate/EMAIN_05052026201838_Intimation_to_NSE_LOF_05052026_sd.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31466_EMAPARTNER_2025_2026_A_5573386_04092026222958.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28085_EMAPARTNER_2024_2025_A_10353291_01092025193642.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/EMAIN_25112025185329_Intimation_of_Earnings_Call_Transcript.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/EMAIN_30052025123431_EarningsCall_Transcript_23052025.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/EMAIN_07022025184844_Intimation_of_Investor_Meet_transcript_dated_05022025.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:32:37.273Z.