Emami Realty Ltd (EMAMIREAL)
Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹75.27 |
| Market Cap | ₹391.66 Cr |
| P/E Ratio | 0 |
| ROCE | -1.92% |
| ROE | 270.74% |
| Dividend Yield | 0% |
| Profit Growth | -91.47% |
| Debt/Equity | — |
| Sales Growth | 435.1% |
| Promoter Holding | 68.45% |
| 52-Week Range | ₹48.2 — ₹115.3 |
| Sector | Realty |
| Book Value | ₹-56.58 |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
Let me start with what the figures actually say. Emami Realty has a market capitalisation of ₹289 Cr, but a negative book value of ₹-33 per share. That means liabilities exceed assets, so the equity cushion is gone. The P/E is meaningless at 0.00, and the reported ROE of 270.74% is an arithmetic distortion of negative equity, not evidence of profitability. In the latest quarter, revenue was ₹5 Cr and the net loss was ₹37 Cr. Sales and profit growth have both collapsed by over 91% year-on-year. This is a capital-consuming enterprise, not a compounding machine. The ROCE of -1.92% and Piotroski F-Score of 2/9 tell the same story: weak operations and poor financial health. A business without positive book value, without earnings, and with negative operating returns has no moat. Real estate is competitive, cyclical, and execution-heavy; nothing here protects returns from competition or capital erosion. The only positives I can find in the data are promoter holding of 68.45%, which aligns insiders with outside shareholders, and a price near the lower part of the 52-week range of ₹48.20 to ₹129.00, meaning many hopes have already been dashed. But a low price is not a margin of safety. Graham would demand net current assets or tangible book value behind the share price; here book value is negative. This is not a valuation exercise—it is a turnaround speculation. I cannot call myself an investor in a business whose current path is burning cash and destroying value. Unless management raises equity, sells projects, or materially reduces losses, the levers of value creation are absent. I would watch from a safe distance.
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Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer