Embassy Developments Ltd
NSE: EMBDL · Residential, Commercial Projects · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,136 cr vs borrowings ₹5,218 cr (FY26): borrowings are higher by ₹4,081 cr.
- Borrowings rose in each of the last 3 years (₹256 cr → ₹5,218 cr).
- Operating profit covered interest -0.9x in the last 12 months.
- 57.42% of the promoters' shares are pledged (24.5% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Debtor days went from 56 (FY24) to 5 (FY26).
- No dividend in the last 5 financial years.
- Price ₹48.20 on 2026-10-26: -50.1% from the 52-week high, +22.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 246 | 278 | 889 | 681 | 493 | 212 | 342 | 217 |
| EBITDA | -1 | 3 | -20 | -11 | -52 | -157 | -257 | -131 |
| OPM % | -0.4% | 1.1% | -2.2% | -1.6% | -10.5% | -73.8% | -75.1% | -60.3% |
| Other income | 41 | 31 | 293 | 13 | 44 | 52 | 65 | 25 |
| Net profit | 24 | 22 | 123 | -166 | -153 | -233 | -324 | -234 |
| EPS (₹) | 0.38 | 0.35 | 1.06 | -1.29 | -1.12 | -1.68 | -2.33 | -1.69 |
| Revenue YoY | +100.5% | -23.7% | -61.5% | -68.2% | ||||
| Profit YoY | -735.2% | -1,151.6% | -363.3% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,445 | 587 | 414 | 2,180 | 1,732 | 1,265 |
| EBITDA | -1 | -585 | -1,057 | 136 | -473 | -596 |
| Net profit | -137 | -608 | -1,038 | 206 | -873 | -944 |
| EPS (₹) | -3.00 | -11.29 | -19.20 | 1.69 | -6.43 | -6.82 |
| Revenue growth | -59.4% | -29.5% | +426.8% | -20.6% | -39.6% | |
| Profit growth | – | – | – | -523.1% | -28,154.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +43.4% | +2.6% | -39.6% |
| Net profit | – | – | -28,154.3% |
| EPS | – | – | – |
| Share price | – | -37.0% (2y) | -44.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,656 | 2,753 | 9,321 | 9,868 |
| Borrowings | – | 256 | 302 | 4,526 | 5,218 |
| Cash & equivalents | – | 184 | 141 | 483 | 1,136 |
| Total assets | – | 6,507 | 5,847 | 20,491 | 21,538 |
| Fixed assets | – | 23 | 13 | 94 | 147 |
| Capital work in progress | – | 0 | 0 | 9 | 1 |
| Investments | – | 111 | 146 | 0 | 0 |
| Receivables | – | 76 | 63 | 52 | 23 |
| Inventory | – | 4,822 | 4,783 | 12,058 | 12,433 |
| Payables | – | 430 | 395 | 906 | 932 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -248 | -343 | -97 | 1,461 | 44 |
| Cash from investing | 280 | 661 | 96 | 507 | -79 |
| Cash from financing | -64 | -331 | -8 | -1,971 | 629 |
| Capex | 1 | 1 | 2 | 0 | 44 |
| Free cash flow | -248 | -344 | -100 | 1,461 | 1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -16.6% | -37.7% | 2.2% | -8.8% |
| ROCE % | – | -13.7% | -33.2% | 3.5% | -2.3% |
| Debtor days | – | 47 | 56 | 9 | 5 |
| Inventory days | – | 2,746 | 3,510 | 2,746 | 2,824 |
| Payable days | – | 245 | 290 | 206 | 212 |
| Cash conversion cycle (days) | – | 2,548 | 3,276 | 2,549 | 2,617 |
| Working capital days | – | 2,251 | 2,471 | 1,016 | 1,740 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 42.68% |
| FIIs | 24.01% |
| DIIs | 3.03% |
| of which Mutual funds | 2.70% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 30.25% |
| Quarter | May 2025 | May 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 41.72% | 42.96% | 42.44% | 42.66% | 42.65% | 42.65% | 42.65% | 42.68% |
| Promoter group | % |
|---|---|
| JV Holding Private Limited | 17.49% |
| Embassy Property Developments Private Limited | 13.94% |
| Bellanza Developers Private Limited | 7.48% |
| OMR Investments LLP | 2.21% |
| Aditya Virwani | 0.49% |
| Karan Virwani | 0.49% |
| Neel Virwani | 0.49% |
| Jitendra Mohandas Virwani | 0.10% |
| Public holders above 1% | % |
|---|---|
| NCL SG Holdings PTE Ltd | 7.96% |
| Florence Investment Ltd | 5.99% |
| Quant Mutual Fund | 2.59% |
| Baillie Gifford Pacific Fund A SUB Fund of Baillie | 2.59% |
| WWD Pearl Ltd | 1.34% |
| Micro Labs Limited | 1.29% |
| Brep Asia SG City View Holding (NQ) PTE. Ltd. | 1.03% |
2,51,052 shareholders. Pledged: 57.42% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| EMBDL | ₹6,700 cr | – | 0.7x | -9.8% | -3.1% | -47.1% | +43.4% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-25 | Other | Annual General Meeting |
| 2022-09-23 | Other | Annual General Meeting |
| 2021-09-23 | Other | Annual General Meeting |
| 2020-09-24 | Other | Annual General Meeting |
| 2019-09-24 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-21 | Other | Annual General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2014-05-06 | Dividend | Third Interim Dividend - Rs.1/- Per Share |
| 2013-10-31 | Dividend | Interim Dividend - Re.1/- Per Share |
| 2013-09-20 | Other | Annual General Meeting |
| 2013-08-05 | Dividend | Interim Dividend - Re 1 Per Equity Share |
| 2013-05-07 | Dividend | Interim Dividend Rs. 2 Per Equity Share |
| 2012-09-21 | Other | Annual General Meeting |
| 2011-12-07 | Restructuring | Scheme Of Arrangement |
| 2011-09-22 | Dividend | Annual General Meeting/Dividend Re 0.30 Per Share |
| 2011-04-21 | Restructuring | Scheme Of Arrangement |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Real Estate: Real Estate and Construction Activities
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | EMBDL |
| BSE code | 532832 |
| ISIN | INE069I01010 |
| Face value | ₹2.0 |
| Incorporated | 2006-04-04 |
| Website | https://embassyindia.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.