Energy Mission Machineries (India) Ltd. (EMMIL)
SME CapPower stocks · SME cap · NSE
Energy Mission Machineries (India) Limited (EMMIL) is a leading Indian manufacturer of high-precision sheet metal forming machines, established in 2011 and headquartered in Ahmedabad. The company offers 30+ product variants, has installed over 7,250 machines globally, and has a manufacturing capacity of 1,500 machines per annum.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Bad · 2/100PAT -14% YoY · margin compression · Rev +23% YoY · +12% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹85 Cr | +23.2% | +11.8% |
| EBITDA | ₹11 Cr | +0.0% | +0.0% |
| Operating margin | 13.0% | -100 bps | -200 bps |
| PAT | ₹6 Cr | -14.3% | +0.0% |
| PAT margin | 7.1% | -63 bps | -83 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
EMMIL reported highest-ever FY26 consolidated revenue of ₹160.85 Cr, up 6.43% YoY, with EBITDA growing 9.41% to ₹23.16 Cr. PAT increased marginally by 0.63% to ₹11.93 Cr. Capacity expanded to 1,500 machines p.a., and the EM Press Form plant became operational in June 2026.
EMMIL delivered modest top-line growth in FY26, achieving its highest-ever revenue, supported by capacity expansion and a robust order book. While PAT growth was minimal, the operational improvements, including backward integration and reduced manufacturing cycle, suggest potential for margin expansion. The strategic roadmap for international expansion and continued capacity utilization supports the long-term thesis.
Product Revenue Mix
Latest issuer-disclosed distribution across 6 reported categories.
Expanded Manufacturing Capacity
Capacity expanded from 900 to 1,500 machines p.a. by July 2025, expected to drive revenue growth with controlled cost escalation.
Backward Integration
EM Press Form Solutions Pvt. Ltd. (operational June 2026) aims to reduce job-work and logistics costs, improving efficiency and profitability.
International Market Expansion
Energy Mission USA Inc. provides a strategic gateway to the American market with localized sales and service, supporting export growth.
Fast-Growing Product Segments
Hydraulic Press M/c grew +80% (FY24-FY26), 4-Roll CNC Plate Rolling +52%, and Hydraulic Shearing M/c +39%, driving overall growth.
Manufacturing Capacity Expansion
Expanded manufacturing capacity from 900 to 1,500 machines per annum as of July 2025.
EM Press Form Plant Commissioning
EM Press Form Solutions Pvt. Ltd., a 5,000 sq. mtr. backward-integration facility, became operational in June 2026.
Industry Growth
Operating in an industry growing at 12–15% CAGR with strong import-substitution upside.
Robust Order Book
Robust order book of ₹47.23 Cr provides healthy revenue visibility heading into FY27.
Working Capital Management
Mixed working-capital trends in FY26, with inventory days rising and creditor days falling, pressured liquidity despite positive operating cash flow.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The investor presentation explicitly states that all half-yearly and full-year financial figures are compared year-over-year, which is standard for assessing performance trends in manufacturing businesses.
Consolidated Revenue
FY26 Consolidated Revenue: ₹160.85 Cr, ▲ +6.43% YoY.
Consolidated EBITDA
FY26 Consolidated EBITDA: ₹23.16 Cr, ▲ +9.41% YoY. EBITDA margin at 14.40%.
Consolidated PAT
FY26 Consolidated PAT: ₹11.93 Cr, ▲ +0.63% YoY. PAT margin at 7.42%.
Order Book
Robust order book of ₹47.23 Cr provides healthy revenue visibility. Sales orders grew 16% in the first two months of FY26 vs FY25.
Strategic Growth & Backward Integration
Chairman states the company is scaling capacity, deepening backward integration, and expanding globally through subsidiaries for sustainable, profitable growth.
Operational Efficiency
Managing Director emphasizes integrating production in-house, tightening quality control, and continuous process improvement to lower costs and raise precision.
FY27-FY29 Revenue Target
Management targets 18–20% Revenue CAGR for the three-year period from FY27 to FY29.
FY27-FY29 Margin Targets
Management targets 15% EBITDA Margin and 8% PAT Margin for the three-year period from FY27 to FY29.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue CAGR | 6.43% YoY (FY26) | Achievement of 18–20% Revenue CAGR (FY27–FY29 target). |
| EBITDA Margin | 14.40% (FY26) | Improvement towards the 15% EBITDA Margin target (FY27–FY29). |
| PAT Margin | 7.42% (FY26) | Improvement towards the 8% PAT Margin target (FY27–FY29). |
| Operating Cash Flow | ₹14.76 Cr (FY26) | Sustained positive operating cash flow and further improvement in cash generation. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
25Bearishfull bear SMA stack · MACD − · near 52W low
Technical chart
EMMILdaily · 1Y · AUTO-14.8%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 45.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 45 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 42% off 52W high · 9% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 54 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 54 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 54.0%.
- Valuation contributes 23/30 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Quality is weaker at 3/20; verify the latest quarterly trend.
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 52nd percentile of the scored universe and 61st percentile within Power. Main check: cash conversion is weak at 43/100.
Healthy Trust Lite: Promoter holding is 73.8%. Key concern: Only 1 years of positive FCF.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Power: 61st pctile, median 65 · SME: 66th pctile, median 64
5 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 73.8%.
- ▸Promoter pledge is zero.
- ▸OPM spread across recent quarters is 4%.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -7%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 11.40
- P/B
- 1.41
- EV/EBITDA
- 6.15
- Market Cap
- 136.00Cr
Profitability
- ROE
- 13.20%
- ROCE
- 16.30%
- ROA
- 7.74%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 17.20%
- EPS 5Y
- 19.68%
- Revenue 3Y
- 17.00%
- EPS 3Y
- 17.00%
Balance Sheet
- Debt/Equity
- 0.31
- Interest Coverage
- 7.67×
- Altman Z
- 3.90
- Book Value
- 84.90
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 15.00 Cr
- EPS TTM
- 10.53
Shareholding
- Promoter Hold
- 73.76%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 10%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Power, ranked by similarity
Peers
Business-comparable names in Power, ranked by similarity
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.