---
title: "EMCO Ltd (EMCO) — Share Price, Financials & Analysis"
symbol: "EMCO"
company: "EMCO Ltd"
canonical: "https://tapetide.com/stocks/EMCO"
nse_symbol: "EMCO"
sector: "Industrials"
industry: "Electrical Equipment"
generated_at: "2026-09-13T19:28:51.923Z"
---

# EMCO Ltd (EMCO)

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

## Company

- **NSE Symbol:** EMCO
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** emcoindia.com

## About

EMCO is engaged in the power industry, the company manufactures range of transformers. The Companys products include transformers, substation and transmission towers and lines which constitutes of generation, transmission, distribution and manufacture of power equipment viz Generation Equipment and T&D Equipment.

## Latest Price

- **Price:** ₹1.95
- **Change:** 0 (0%)
- **Open:** ₹1.9
- **Day High:** ₹1.95
- **Day Low:** ₹1.85
- **Previous Close:** ₹1.95
- **Volume:** 0
- **As Of:** 2021-10-26T04:53:48+00:00

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.07 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Earnings include an other income of Rs.36.1 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -91% | 28% | 16% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 94 | 40 | 37 | 42 | 15 | 8 | 1 | 4 | 0 | 1 | 3 | 2 |
| Expenses | 89 | 54 | 55 | 325 | 84 | 43 | 426 | 543 | 2 | 1 | 4 | 15 |
| Operating Profit | 5 | -14 | -18 | -283 | -70 | -35 | -425 | -538 | -2 | 0 | -1 | -14 |
| OPM % | 5 | -34 | -49 | -675 | -479 | -441 | -52467 | -12288 | — | 12 | -47 | -764 |
| Other Income | 0 | 0 | 0 | 0 | -17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 30 | 35 | 36 | 56 | 59 | 47 | 46 | 96 | 63 | 62 | 65 | 64 |
| Depreciation | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 |
| Profit before tax | -29 | -53 | -58 | -343 | -149 | -85 | -474 | -637 | -65 | -62 | -66 | -78 |
| Tax % | -33 | -29 | -29 | -30 | 184 | 0 | 0 | -4 | 0 | 0 | 0 | 1 |
| Net Profit | -19 | -38 | -41 | -241 | -424 | -85 | -474 | -611 | -65 | -62 | -66 | -79 |
| EPS in Rs | -2.84 | -5.59 | -6 | -35.52 | -62.42 | -12.47 | -69.87 | -90.03 | -9.59 | -9.18 | -9.74 | -11.56 |

### Profit & Loss

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 832 | 912 | 806 | 841 | 346 | 213 | 28 | 6 | 0 | 0 |
| Expenses | 737 | 804 | 724 | 746 | 410 | 522 | 1096 | 22 | 16 | 11 |
| Operating Profit | 95 | 109 | 82 | 96 | -64 | -309 | -1068 | -17 | -16 | -11 |
| OPM % | 11 | 12 | 10 | 11 | -18 | -145 | -3855 | -279 | — | — |
| Other Income | 6 | 0 | 12 | -30 | 9 | 0 | -16 | 0 | 302 | 36 |
| Interest | 71 | 83 | 122 | 145 | 161 | 157 | 248 | 255 | 0 | 0 |
| Depreciation | 20 | 20 | 20 | 18 | 17 | 16 | 12 | 0 | 0 | 0 |
| Profit before tax | 11 | 6 | -48 | -98 | -233 | -482 | -1344 | -271 | 286 | 25 |
| Tax % | 35 | 46 | -48 | -30 | -31 | -30 | 19 | 0 | 0 | 0 |
| Net Profit | 7 | 3 | -25 | -69 | -160 | -339 | -1593 | -272 | 286 | 25 |
| EPS in Rs | 1.09 | 0.48 | -3.71 | -10.16 | -23.59 | -49.94 | -234.56 | -40.07 | 42.09 | 3.69 |
| Dividend Payout % | 9 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 5 | 5 |
| Reserves | 558 | 568 | 521 | 453 | 293 | -73 | -1666 | -1938 | 241 | 186 |
| Borrowings | 487 | 577 | 804 | 945 | 919 | 883 | 1395 | 1436 | 0 | 0 |
| Other Liabilities | 550 | 500 | 357 | 267 | 401 | 520 | 411 | 626 | 6 | 22 |
| Total Liabilities | 1608 | 1660 | 1696 | 1678 | 1627 | 1344 | 153 | 138 | 252 | 213 |
| Fixed Assets | 295 | 289 | 270 | 230 | 219 | 204 | 0 | 0 | 0 | 0 |
| CWIP | 1 | 1 | 8 | 4 | 2 | 1 | 0 | 0 | 0 | 0 |
| Investments | 10 | 85 | 121 | 121 | 121 | 107 | 7 | 7 | 14 | 14 |
| Other Assets | 1302 | 1285 | 1297 | 1323 | 1285 | 1032 | 147 | 131 | 238 | 199 |
| Total Assets | 1608 | 1660 | 1696 | 1678 | 1627 | 1344 | 153 | 138 | 252 | 213 |

### Cash Flow

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 51 | -4 | 77 | -18 | 64 | -8 | -226 | — | -175 | 33 |
| Cash from Investing Activity | -32 | 3 | -35 | 28 | 2 | 2 | 20 | — | 131 | 1 |
| Cash from Financing Activity | -16 | 19 | -63 | 6 | -74 | -4 | 205 | — | 81 | -80 |
| Net Cash Flow | 4 | 18 | -22 | 16 | -7 | -10 | -1 | — | 36 | -46 |
| Free Cash Flow | 42 | -20 | 60 | 7 | 59 | -8 | -208 | — | -175 | 33 |
| CFO/OP | 48 | -3 | 99 | -17 | -105 | 0 | 21 | — | 1119 | -300 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 252 | 241 | 278 | 278 | 601 | 562 | 490 | 1962 | — | — |
| Inventory Days | 145 | 105 | 122 | 80 | 193 | 160 | 22 | 254 | 0 | — |
| Days Payable | 225 | 178 | 143 | 101 | 217 | 221 | 482 | 6301 | — | — |
| Cash Conversion Cycle | 172 | 167 | 257 | 256 | 577 | 500 | 31 | -4085 | — | — |
| Working Capital Days | 101 | 119 | 100 | 53 | -144 | -1063 | -22106 | -119781 | — | — |
| ROCE % | 8 | 8 | 6 | 6 | -5 | -32 | -381 | — | — | 11 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 45.33% | 45.24% | 45.24% | 45.24% | 45.24% |
| FIIs | 0.08% | 0.1% | 0.1% | 0.1% | 0.1% |
| DIIs | 2.39% | 1.22% | 0.57% | 0.57% | 0.57% |
| Public | 52.2% | 53.44% | 54.09% | 54.09% | 54.09% |
| No. of Shareholders | 24597 | 25825 | 24655 | 24087 | 24308 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 45.33% | 45.28% | 45.24% | 45.24% | 45.24% | 45.24% | 45.24% | 45.24% | 45.24% | 45.24% | 45.24% | 45.24% |
| FIIs | 0.08% | 0.07% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| DIIs | 0.66% | 3.46% | 1.22% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.6% | 0.57% | 0.57% |
| Government | 0% | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 53.93% | 51.09% | 53.44% | 54.09% | 54.09% | 54.09% | 54.09% | 54.09% | 54.09% | 54.06% | 54.09% | 54.09% |
| No. of Shareholders | 26283 | 26197 | 25825 | 25661 | 25150 | 24782 | 24655 | 24505 | 24446 | 24200 | 24087 | 24308 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 64.67 | Buy |
| EMA (10) | 64.8 | Buy |
| SMA (20) | 65.81 | Sell |
| EMA (20) | 65.98 | Sell |
| SMA (50) | 70.26 | Sell |
| EMA (50) | 69.38 | Sell |
| SMA (100) | 74.39 | Sell |
| EMA (100) | 73.57 | Sell |
| SMA (200) | 80.03 | Sell |
| EMA (200) | 81.27 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.63 | Neutral |
| MACD (12,26,9) | -1.71 | Buy |
| Stochastic (14,3,3) | 21.69 | Neutral |
| ADX (14) | 38.09 | Buy |
| Williams %R (14) | -70 | Neutral |
| ATR (14) | 4.88 | High Volatility |
| ROC (12) | -2.98 | Sell |
| Stoch RSI (14) | 86.5 | Sell |
| UO (7,14,28) | 39.55 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1293_EMCO_2012_2013_02092013114355.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_EMCO_2011_2012_18082012020304.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_EMCO_2010_2011_20062012105012.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_EMCO_2009_2010_18082010121500.zip) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5040080318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5040080317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5040080316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5040080315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5040080314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5040080313.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 2026-09-13T19:28:51.923Z.