EMA Partners India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹197 Cr
- P/E
- 15.49
- ROE
- 8.75%
- PEG
- 0.25
- Price to sales
- 2.27
- Debt to equity
- 0.00
- 52W high / low
- ₹103 / ₹68.8
- EBITDA margin
- 16.61%
- Net profit margin
- 14.58%
- Promoter holding
- 65.76%
- Sales (last year)
- ₹87 Cr
Incorporated in 2003, EMA Partners India Limited is an executive search firm offering specialized hiring solutions.[1]
Guidance scorecard · Q1 FY27 call
What EMA Partners India Ltd's management guided
and where it ranks in Commercial Services & Supplies
Commercial Services & Supplies
RevenueQ4 FY26 call
10–20%- Core business is expected to grow at an 18% to 20% CAGR over the next few years.
- Long-term revenue target for FY27 is around INR 100 crore (organic growth basis).
- Growth driven by a combination of increasing number of jobs closed and higher ticket sizes, particularly in Executive Search.
- New business segments (James Douglas, MyRCloud) are positioned for rapid scale-up targeting significant addressable markets (TAM ~ INR 10,500 crores by 2029-30 for mid-to-senior level hiring).
- New businesses expected to turn EBITDA positive within the current financial year, contributing to overall growth.
- The company focuses on solutions selling with a strong brand and extensive client network to acquire higher-end, better-fee paying customers.
2 more points from EMA Partners India Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what EMA Partners India Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company is making ongoing investments primarily in new businesses, especially the James Douglas business and MyRCloud platform.
- Investments are largely focused on hiring and ramping up teams (around 30 fresh resources hired across India and the Middle East).
- These investments are front-loaded employee costs flowing through the P&L rather than capital expenditures.
2 more points from EMA Partners India Ltd's call on capex
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FundraisingQ4 FY26 call
See what EMA Partners India Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- EMA Partners worked with over 160 clients during the year, indicating an active client base.
- The company has ramped up new businesses (James Douglas in India and Middle East) with around 30 new hires.
- Early signs of operating leverage indicate that revenue growth is outpacing employee cost growth in new verticals.
- The company is positive about growth prospects in both core Executive Search and new mid-to-senior level hiring businesses.
2 more points from EMA Partners India Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,470 Cr | 162.7 | |
| 2 | 40%+ | Up 2%+ | ₹41 Cr | 6.6 | |
| 3 | 40%+ | Flat | ₹556 Cr | 40.0 | |
| 4 | 40%+ | Flat | ₹102 Cr | 10.4 | |
| 5 | 20–40% | Up 2%+ | ₹3,473 Cr | 40.9 | |
| 6 | 20–40% | Up 0–2% | ₹872 Cr | 13.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingFinancials of EMA Partners India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of EMA Partners India Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of EMA Partners India Ltd
Profit & Loss
Annual income statement trend
| 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 | 225.40 | 72.59 | 337.43 | 5.42 | 5.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of EMA Partners India Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of EMA Partners India Ltd
Cash Flows
Operating, investing and financing cash movement
| 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 | -18 | -79 | 28 |
| Cash from Financing Activity + | -1 | -6 | 7 | 63 | -1 |
| Net Cash Flow | 4 | -4 | 1 | -4 | 27 |
| Free Cash Flow | 7 | 2 | 0 | 11 | -4 |
| CFO/OP | 81% | 100% | 77% | 122% | 43% |
Financials of EMA Partners India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 89 | 92 | 102 | 65 | 106 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 89 | 92 | 102 | 65 | 106 |
| Working Capital Days | 7 | 21 | 34 | 24 | 256 |
| ROCE % | 9% | 32% | 13% | 10% |
Guidance history
How EMA Partners India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY25 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What EMA Partners India Ltd's management said in earlier quarters
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