---
title: "Emkay Taps & Cutting Tools Ltd (EMKAYTOOLS) — Share Price, Financials & Analysis"
symbol: "EMKAYTOOLS"
company: "Emkay Taps & Cutting Tools Ltd"
canonical: "https://tapetide.com/stocks/EMKAYTOOLS"
isin: "INE332S01011"
nse_symbol: "EMKAYTOOLS"
sector: "Power"
industry: "Power Generation"
market_cap_cr: 101.16
generated_at: "2026-09-13T20:16:17.679Z"
---

# Emkay Taps & Cutting Tools Ltd (EMKAYTOOLS)

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

## Company

- **NSE Symbol:** EMKAYTOOLS
- **ISIN:** INE332S01011
- **Sector:** Power
- **Industry:** Power Generation
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2015-08-13
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** etctl.com

## About

Incorporated in 1995, Emkay Taps & Cutting Tools Ltd manufactures Taps & Cutting Tools and does production of Power through Windmill[1]

## Latest Price

- **Price:** ₹94.5
- **Change:** -0.3 (-0.32%)
- **Open:** ₹94.5
- **Day High:** ₹94.5
- **Day Low:** ₹94.5
- **Previous Close:** ₹94.8
- **Volume:** 150
- **As Of:** 2026-09-11T05:29:01+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:29.656983Z.

- **Market Cap:** ₹101.16 Cr
- **Classification:** SME
- **P/E (reported):** 12.5
- **Book Value:** ₹277.2
- **Price to Book:** 0.34
- **Dividend Yield:** 0%
- **ROE:** 24.05%
- **ROCE:** 30.15%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹148.3 Cr
- **Net Income:** ₹71.9 Cr
- **EBITDA:** ₹92.9 Cr
- **52-Week High:** ₹169
- **52-Week Low:** ₹83.1
- **RSI (14):** 51.65

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Average Quality, Undemanding Price
- **What it means:** The financials sit mid-range rather than strong, and the multiple is not demanding. Nothing here stands out in either direction, so the read comes down to which single pillar you weight most and whether the next results move it off the middle.
- **Pillar profile:** Quality: Average · Valuation: Cheap · Momentum: Flat
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.81 | 9% |
| growth | 11 | 9% |
| momentum | 55.49 | 12% |
| ownership | 50 | 24% |
| quality | 55.41 | 22% |
| valuation | 61.03 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.34 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -10.3% over past five years.
- Company has a low return on equity of 3.27% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -2% | -21.53% | 14.94% |
| ebitda margin growth | 9.93% | — | — |
| net income growth | 63.04% | — | — |
| revenue growth | 41.24% | -28% | -10% |
| roce | 20.5% | — | — |
| roe | 23.14% | — | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 19.81 | 36.46 | 32.92 | 37.88 | 44.54 | 44.07 | 48.91 | 54.54 | 0.82 | 41.04 | 32.13 | 0.46 |
| Expenses | 13.44 | 19.73 | 17.9 | 19.33 | 21.01 | 24.15 | 24.89 | 30.46 | 3.57 | 42.52 | 33.22 | 1.76 |
| Operating Profit | 6.37 | 16.73 | 15.02 | 18.55 | 23.53 | 19.92 | 24.02 | 24.08 | -2.75 | -1.48 | -1.09 | -1.3 |
| OPM % | 32.16 | 45.89 | 45.63 | 48.97 | 52.83 | 45.2 | 49.11 | 44.15 | -335.37 | -3.61 | -3.39 | -282.61 |
| Other Income | 2.76 | 6.6 | 9.23 | 4.64 | 3.35 | 13.07 | 16.54 | 28.27 | 43.26 | -7.59 | 4.45 | 8.36 |
| Interest | 0.03 | 0.02 | 0.04 | 0.07 | 0.05 | 0.09 | 0.06 | 0.16 | 0 | 0.07 | 0.07 | 0 |
| Depreciation | 1.68 | 1.69 | 1.58 | 1.76 | 1.54 | 1.57 | 1.3 | 1.31 | 0.12 | 0.12 | 0.11 | 0.11 |
| Profit before tax | 7.42 | 21.62 | 22.63 | 21.36 | 25.29 | 31.33 | 39.2 | 50.88 | 40.39 | -9.26 | 3.18 | 6.95 |
| Tax % | 18.46 | 17.81 | 17.76 | 22.1 | 23.84 | 20.65 | 21.28 | 19.34 | 13.22 | -11.12 | 26.73 | 16.83 |
| Net Profit | 6.06 | 17.77 | 18.6 | 16.66 | 19.26 | 24.86 | 30.87 | 41.03 | 35.05 | -8.24 | 2.34 | 5.78 |
| EPS in Rs | 5.66 | 16.61 | 17.38 | 15.57 | 18 | 23.23 | 28.85 | 38.35 | 32.76 | -7.7 | 2.19 | 5.4 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 52.65 | 55.69 | 64.16 | 50.65 | 56.19 | 70.7 | 88.58 | 103.27 | 41.85 | 32.58 |
| Expenses | 33.88 | 32.78 | 35.47 | 30.29 | 33.06 | 37.09 | 45.1 | 55.09 | 46.07 | 34.95 |
| Operating Profit | 18.77 | 22.91 | 28.69 | 20.36 | 23.13 | 33.61 | 43.48 | 48.18 | -4.22 | -2.37 |
| OPM % | 35.65 | 41.14 | 44.72 | 40.2 | 41.16 | 47.54 | 49.09 | 46.65 | -10.08 | -7.27 |
| Other Income | 2.13 | 6.2 | -12.58 | 1.44 | 9.36 | 13.87 | 16.42 | 44.81 | 35.66 | 12.81 |
| Interest | 0.4 | 0.48 | 0.35 | 0.11 | 0.07 | 0.15 | 0.17 | 0.3 | 0.07 | 0.08 |
| Depreciation | 2.84 | 3.16 | 2.93 | 2.99 | 3.37 | 3.33 | 3.11 | 2.61 | 0.24 | 0.22 |
| Profit before tax | 17.66 | 25.47 | 12.83 | 18.7 | 29.05 | 44 | 56.62 | 90.08 | 31.13 | 10.14 |
| Tax % | 32.96 | 21.91 | 58.92 | 24.12 | 17.97 | 19.86 | 22.06 | 20.18 | 13.85 | 20.02 |
| Net Profit | 11.85 | 19.89 | 5.27 | 14.2 | 23.83 | 35.26 | 44.13 | 71.9 | 26.82 | 8.11 |
| EPS in Rs | 10.97 | 18.42 | 4.93 | 13.27 | 22.27 | 32.95 | 41.24 | 67.2 | 25.07 | 7.58 |
| Dividend Payout % | 0 | 2.68 | 10.12 | 3.01 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.78 | 1.78 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 | 10.67 |
| Reserves | 82.68 | 102.15 | 97.88 | 111.09 | 135.08 | 170.34 | 215.25 | 288.24 | 277.02 | 285.13 |
| Borrowings | 5.1 | 4.27 | 2.86 | 3.36 | 0 | 3.27 | 5.73 | 6.48 | 4 | 0 |
| Other Liabilities | 7.68 | 9.65 | 16.57 | 11.19 | 13.06 | 19.17 | 25.19 | 32.05 | 7.15 | 3.62 |
| Total Liabilities | 97.24 | 117.85 | 127.98 | 136.31 | 158.81 | 203.45 | 256.84 | 337.44 | 298.84 | 299.42 |
| Fixed Assets | 18.15 | 16.99 | 17.11 | 20.95 | 19.06 | 19.03 | 16.45 | 13.85 | 2.15 | 1.96 |
| CWIP | 0.53 | 0 | 1.44 | 0.08 | 0.08 | 0 | 0 | 0 | 0 | 0 |
| Investments | 48.55 | 70.8 | 65.04 | 78.36 | 98.65 | 144.1 | 187.47 | 254.75 | 282.94 | 288.08 |
| Other Assets | 30.01 | 30.06 | 44.39 | 36.92 | 41.02 | 40.32 | 52.92 | 68.84 | 13.75 | 9.38 |
| Total Assets | 97.24 | 117.85 | 127.98 | 136.31 | 158.81 | 203.45 | 256.84 | 337.44 | 298.84 | 299.42 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11.7 | 19.21 | 13.77 | 17.93 | 15.25 | 32.14 | 25.44 | 24.9 | 19.28 | -4.88 |
| Cash from Investing Activity | -14.89 | -17.31 | -11.27 | -17.25 | -12.41 | -34.85 | -27.71 | -22.97 | 19.25 | 7.63 |
| Cash from Financing Activity | 2.5 | -1.67 | -2.29 | -0.72 | -3.4 | 3.15 | 2.32 | 0.53 | -40.69 | -4.07 |
| Net Cash Flow | -0.69 | 0.24 | 0.21 | -0.04 | -0.57 | 0.44 | 0.05 | 2.46 | -2.16 | -1.32 |
| Free Cash Flow | 6.63 | 17.8 | 9.34 | 12.54 | 13.77 | 29.67 | 24.92 | 24.76 | 30.74 | -4.91 |
| CFO/OP | 90 | 113 | 73 | 114 | 91 | 119 | 88 | 91 | -590 | 200 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 92.34 | 99.16 | 93.92 | 100.46 | 117.25 | 89.83 | 80.93 | 84.08 | 1.05 | 0.34 |
| Inventory Days | 827.12 | 604.72 | 680.64 | 634.67 | 193.98 | 416.69 | 517.61 | 349.83 | 0 | 0 |
| Days Payable | 146 | 210.61 | 172.96 | 97.84 | 84.88 | 156.66 | 155.34 | 91.04 | — | — |
| Cash Conversion Cycle | 773.46 | 493.27 | 601.61 | 637.29 | 226.34 | 349.86 | 443.2 | 342.87 | 1.05 | 0.34 |
| Working Capital Days | 134.77 | 110.57 | 140.74 | 158.32 | 181.17 | 93.13 | 88.47 | 94.76 | 12.47 | 65.65 |
| ROCE % | 21.9 | 26.82 | 11.98 | 15.9 | 15.56 | 19.1 | 20.54 | 19.32 | -0.35 | 0.12 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.57% | 74.57% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 14.41% | 14.4% | 14.03% | 13.99% | 13.62% | 12.69% | 13.06% | 13.44% | 14.65% | 14.52% |
| Others | 11.02% | 11.04% | 10.98% | 11.02% | 11.39% | 12.31% | 11.95% | 11.56% | 10.36% | 10.49% |
| No. of Shareholders | 96 | 107 | 135 | 145 | 159 | 225 | 338 | 1140 | 1398 | 1314 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 6 / 7 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 94.72 | Sell |
| EMA (10) | 94.73 | Sell |
| SMA (20) | 94.03 | Buy |
| EMA (20) | 94.13 | Buy |
| SMA (50) | 93.25 | Buy |
| EMA (50) | 94.3 | Buy |
| SMA (100) | 98.15 | Sell |
| EMA (100) | 97.99 | Sell |
| SMA (200) | 103.04 | Sell |
| EMA (200) | 122.56 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.1 | Neutral |
| MACD (12,26,9) | 0.66 | Buy |
| Stochastic (14,3,3) | 42 | Neutral |
| ADX (14) | 18.74 | Neutral |
| Williams %R (14) | -60 | Neutral |
| ATR (14) | 4.38 | High Volatility |
| ROC (12) | 3.68 | Buy |
| Stoch RSI (14) | 46.02 | Neutral |
| UO (7,14,28) | 49.17 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Mr. Palathayi Cheriath Ramchandran retires as Independent Director on 9 September 2026 after completing second term. | [Retirement 9 Sep - Mr. Palathayi Cheriath Ramchandran retires as Independent Director on 9 September 2026 after completing second term.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_09092026143208_Intimation_of_Retirement_of_ID.pdf) |
| 9 April 2026 - Q4 FY26 Regulation 74(5) certificate confirms no rematerialisation or demat requests; all shares held in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Q4 FY26 Regulation 74(5) certificate confirms no rematerialisation or demat requests; all shares held in demat form.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_09042026125124_Intimation_Letter_and_Certificate.pdf) |
| 8 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; entire shareholding held in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; entire shareholding held in demat form.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_08072026164120_Intimation_and_Certificate.pdf) |
| 7 January 2026 - RTA confirms Reg.74(5) not applicable; all shares dematerialised for quarter ended 31-Dec-2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - RTA confirms Reg.74(5) not applicable; all shares dematerialised for quarter ended 31-Dec-2025.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_07012026152905_Intimation_to_NSE_and_Certificate.pdf) |
| 31 Aug - Sachin Damodhar Dhannawat appointed Additional Non-Executive Independent Director for 5 years from 31 August 2026. | [Appointment 31 Aug - Sachin Damodhar Dhannawat appointed Additional Non-Executive Independent Director for 5 years from 31 August 2026.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_31082026131301_Intimation_of_Appointment_of_ID.pdf) |
| 31 Aug - Board appointed independent director; approved annual report, scheduled 31st AGM on September 25, 2026, and book closure. | [Outcome of Board Meeting 31 Aug - Board appointed independent director; approved annual report, scheduled 31st AGM on September 25, 2026, and book closure.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_31082026130901_1__Outcome_of_Board_Meeting.pdf) |
| 31 Aug - 31st AGM on 25 September 2026; appoint Sachin Dhannawat as independent director. | [Shareholders meeting 31 Aug - 31st AGM on 25 September 2026; appoint Sachin Dhannawat as independent director.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_31082026131902_2__Covering_Page_of_Notice_and_AR_Notice.pdf) |
| 30 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after H1 results (30 Sep 2025). | [Trading Window 30 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after H1 results (30 Sep 2025).](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_30092025115916_INTIMATION.pdf) |
| 30 Apr - Promoter Ajayprakash Kanoria հայտնում no share encumbrance during FY 2025-26. | [Disclosure under SEBI Takeover Regulations 30 Apr - Promoter Ajayprakash Kanoria հայտնում no share encumbrance during FY 2025-26.](https://nsearchives.nseindia.com/corporate/team_sandeshc_15042026131924_31.pdf) |
| 29 May - Emkay Taps and Cutting Tools Limited has informed about reasons for the delayed submission of Financial Results. | [Reasons for Delayed/Non-submission of Financial Results 29 May - Emkay Taps and Cutting Tools Limited has informed about reasons for the delayed submission of Financial Results.](https://nsearchives.nseindia.com/corporate/EMKAYTOOLS_29052026164939_Delayed_filing_of_financials_reason.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30861_EMKAYTOOLS_2025_2026_A_5653965_31082026133120.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27614_EMKAYTOOLS_2024_2025_A_5156189_23082025181037.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24905_EMKAYTOOLS_2023_2024_10082024185644.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22937_EMKAYTOOLS_2022_2023_25082023165443_08252023170001.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20788_EMKAYTOOLS_2021_2022_23082022144452_08232022150002.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_18752_EMKAYTOOLS_2020_2021_17082021155332_17082021160002.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17062_EMKAYTOOLS_2019_2020_01092020134322_01092020140004.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15208_EMKAYTOOLS_2018_2019_14082019134143_14082019150003.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13432_EMKAYTOOLS_2017_2018_15092018174421.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_11079_EMKAYTOOLS_2016_2017_12082017190622.zip) |

---

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 2026-09-13T20:16:17.679Z.