Emkay Tools Ltd
ETLEmkay Tools Ltd's earnings have outrun its stock. EPS grew +32.0% in a year against a +20.8% price move.
Biggest watch item: the price is already 25 weeks into its uptrend — timing risk, not thesis risk.
The price is in a confirmed uptrend (25 weeks in) while the P/E sits at the 45th percentile of its own 1-year range. Underneath, the last four quarters read improving — profit +36.0% year on year, and 97% of the last 2 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Emkay Tools Ltd trades at ₹1,057, in a confirmed uptrend and 25 weeks into that stage. That is +11.4% against its own 200-day average. It sits at 84% of a 52-week range of ₹805 to ₹1,104. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks.
Today the stock is in a confirmed uptrend — week 25 of stage 2, confirmed. At ₹1,057 it trades +11.4% versus its 200-day average and sits at 84% of its 52-week range (₹805–₹1,104).
Against the market, two honest reads. Cumulative: over the last 1.2 years the stock moved +20% while the NIFTY 500 moved −3% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 6 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Emkay Tools Ltd's story is not scored yet against the markers our research file set on 31 May 2026. Where it sits in its own cycle: INSUFFICIENT_DATA. Still open: Related-party transaction with Nagpur Tools (RPT limit 15 Cr) approved at FY25 AGM — independence from EMKAYTOOLS ecosystem is unverified at this stage.
Our read, 31 May 2026. A demerger-fresh tools manufacturer with ROCE above 70% and OPM expanding to 57% — but 2-year data history and opaque governance make this a Bronze-conviction speculative entry.
From the numbers. The PE cycle analysis is marked INSUFFICIENT_DATA in the context bundle (cycle_count=0, data_sufficiency=LIMITED, quality_score=1 per C009). ETL has a 2-year trading history; 10-year PE cycle analysis is not computable.…
From the price. Price stage 2, week 25 — above its 200-day line, relative strength rising.
From the research. A demerger-fresh tools manufacturer with ROCE above 70% and OPM expanding to 57% — but 2-year data history and opaque governance make this a Bronze-conviction speculative entry.
🚨 Where they disagree. The PE cycle analysis is marked INSUFFICIENT_DATA in the context bundle (cycle_count=0, data_sufficiency=LIMITED, quality_score=1 per C009). ETL has a 2-year trading history; 10-year PE cycle analysis is not computable. Current PE 18.6x on EPS 55.03 (FY26) and current price ~1,024 Rs. At P/B 7.8x on Book Value 131 Rs — elevated vs the manufacturing sector median. Without a cycle reference, there is no contrarian compression signal to act on. The stock must be evaluated on absolute growth/return metrics alone.
What is proven. A demerger-fresh tools manufacturer with ROCE above 70% and OPM expanding to 57% — but 2-year data history and opaque governance make this a Bronze-conviction speculative entry.
What is not proven yet. Related-party transaction with Nagpur Tools (RPT limit 15 Cr) approved at FY25 AGM — independence from EMKAYTOOLS ecosystem is unverified at this stage.
Layer 1 read, 22 August 2026 — KEEP. Cleanest cheap-and-turning setup here — real cash profits at 19 times — but nobody has ever explained the 57% margin. Emkay Tools earns a 57% operating margin and 71% on capital with no debt, profit up from 44 to 59 crores in FY26, and the shares have gone nowhere for a year at 19 times earnings — cheap in absolute terms, not just against its own short history. I checked whether those profits are the real thing rather than interest income or a tax break, and they are: other income is under a crore in every reported period, tax is a normal 25-26%, and 97 paise of every rupee of profit becomes cash. What I cannot do is explain WHY the margin is that high — the company has never held an earnings call, the document itself leaves three explanations open including demerger accounting, and there is an unanswered…
What would change Layer 1’s mind. This row predates the schema-1.4 WHY contract and has no falsification line of its own, so I set one. The single observation that flips this: the H1 FY27 half-year due around November 2026. If revenue comes in at or above 90 crores with operating margin holding at or above 52%, the margin is proven structural rather than a demerger artifact and — combined with a first earnings call or a related-party disclosure showing actual dealings well inside the 15 crore limit — this becomes a genuine P1.…
Layer 2 read, 22 August 2026 — BENCH. The numbers look excellent, but no outside evidence explains whether the 57% margin can last. The latest half-year profit, sales and operating margin improved, and cash flow also rose. But the external short-history model requires backlog and margin-quality proof, while ETL has no call, no social evidence and no sector bundle.
What would change Layer 2’s mind. Advance if the FY27 H1 filing and first-party explanation show revenue at or above 90 Cr, operating margin at or above 52%, and related-party purchases priced on normal commercial terms.
The test written in advance. Advance if the FY27 H1 filing and first-party explanation show revenue at or above 90 Cr, operating margin at or above 52%, and related-party purchases priced on normal commercial terms. — the thesis as written as stated by the next result — from our Layer 2 read of 22 Aug 2026.
What the company does. ETL generated Revenue 144 Cr / PAT 59 Cr / OPM 56% in FY26 (vs Revenue 117 Cr / PAT 44 Cr / OPM 53% in FY25), per C001–C004. ROCE of 71% is exceptional for a manufacturing company; zero debt and net-cash balance sheet (Investments 77 Cr vs Borrowings 0 Cr) per C005–C007. Critical unknowns: 2-year listing history, no concall transcripts, Related-Party Transaction with parent EMKAYTOOLS (Nagpur Tools RPT up to 15 Cr approved at AGM, per C014), and PE cycle is INSUFFICIENT_DATA — conviction is Bronze and scores are capped.
Sources: our stock research file (31 May 2026) · quarterly results through Mar 26. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Emkay Tools Ltd reported ₹82.0 Cr of revenue in the Mar 26 quarter, +30.2% year on year. That is the 2nd straight quarter of year-on-year growth. Over 1 years it has compounded at 23.1% a year. The last full year, FY26, came in at ₹144 Cr. The last four reported quarters add to ₹261 Cr.
Why this happened. Inventory Days fell from 489 to 380 days, Days Payable extended from 108 to 142 days, Working Capital Days fell from 138 to 104 days per C008. The high inventory days reflect the nature of precision-tap manufacturing (many SKUs, long lead times). The improvement direction is positive but absolute levels remain high — a risk that working-capital cycles back up if demand slows or customer payment terms tighten.
FY26 revenue came in at ₹144 Cr (+23.1% on the year), capping 1 years at 23.1% compound. The latest quarter (Mar 26) printed ₹82.0 Cr, +30.2% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +22.5% growth against the decade's 23.1% — the current year is running in line with its own long-run rate.
FY26-Q2. revenue ₹62 Cr and profit ₹24 Cr as reported.
FY26-Q4. revenue ₹82 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Emkay Tools Ltd's operating margin is 57.0% in the Mar 26 quarter, +3.0 percentage points against the same quarter a year ago.
Why this happened. IMARC Group estimates India's metal-cutting-tools market at USD 162.8 Mn in 2024, growing to USD 274 Mn by 2033 at 5.51% CAGR, driven by automotive (40% of demand), aerospace, and PLI-scheme-driven domestic manufacturing per C023. The India machine-tools market is larger at USD 1.83 Bn in 2025, growing at 7.49% CAGR to USD 3.51 Bn by 2034 per C024. Thread-cutting taps are consumable inputs to all precision manufacturing — demand is non-cyclical at the product level. However, ETL is an SME player competing against global leaders (Sandvik, Kennametal, ISCAR) that hold 20%+ combined global market share per C025. ETL's competitive moat is local-market relationships and custom solutions (per…
The latest quarter's operating margin is 57.0%, +3.0 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged 53.0%–56.0%.
Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
FY26-Q2. revenue ₹62 Cr and profit ₹24 Cr as reported.
FY26-Q4. revenue ₹82 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Emkay Tools Ltd earned ₹34.0 Cr of net profit in the Mar 26 quarter, +36.0% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹59.0 Cr. The 1-year compound rate is 34.1%. That is 41.5% of the quarter's revenue.
Mar 26 profit was ₹34.0 Cr, +36.0% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹59.0 Cr (+34.1%), and the 1-year compound rate is 34.1%.
FY26-Q2. revenue ₹62 Cr and profit ₹24 Cr as reported.
FY26-Q4. revenue ₹82 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 2 fiscal years 97% of Emkay Tools Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹65.0 Cr of operating cash against ₹59.0 Cr of profit. After ₹5.0 Cr of capital spending, ₹60.0 Cr was left as free cash.
FY26: operating cash of ₹65.0 Cr against reported profit of ₹59.0 Cr, leaving free cash of ₹60.0 Cr after ₹5.0 Cr of capital spending. Across the last 2 fiscal years the conversion rate is 97% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 97%: the cash cycle tightened 139 days between FY25 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 1.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Emkay Tools Ltd's cash conversion cycle runs 331 days in FY26, down from 470 days in FY25. Capital spending ran ₹5.0 Cr over the last 1 years. At FY26 sales of ₹144 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹131 Cr sits inside the business at any moment.
FY26: debtors at 92 days, inventory at 380 days — roughly 12.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 331 days, tighter than FY25's 470.
The full loop: cash goes out to suppliers and production on day 0; stock waits 380 days to sell; customers pay about 92 days after that; and suppliers themselves are paid at 142 days — netting out to the 331-day cycle.
In money terms: at FY26 sales of ₹144 Cr, each day of the cycle holds about ₹0.4 Cr — so the 331-day loop keeps roughly ₹131 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹5.0 Cr over the last 1 fiscal years against ₹3.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Emkay Tools Ltd earns a ROCE of 71% in FY26. Return on invested capital clears the cost of that capital by +30.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 41.0% net margin on 0.81× asset turns.
FY26 ROCE is 71%.
Why the return is what it is — the wiring (FY26): 41.0% net margin × 0.81× asset turns × 1.27× balance-sheet leverage ≈ 42.2% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 42.3% − 12.0% = a +30.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Emkay Tools Ltd carries ₹0.0 Cr of borrowings against ₹140 Cr of equity in FY26, a debt-to-equity of 0.00. Over 1 years borrowings went from ₹1.0 Cr to ₹0.0 Cr. Capital spending ran ₹5.0 Cr across the last 1 of those years.
FY26: borrowings of ₹0.0 Cr against equity of ₹140 Cr — a debt-to-equity of 0.00. Over 1 years borrowings went from ₹1.0 Cr to ₹0.0 Cr while capital spending ran ₹5.0 Cr in just the last 1 — the build-out is being paid for out of cash, not debt.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Emkay Tools Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.
Why this happened. ETL's Manufacturing of Taps & Cutting Tools segment generated Segment Revenue 14,508 Cr (in lakhs = 145 Cr) and Segment Results 7,833 Cr (in lakhs = 78 Cr) for FY26 per C020. This single-segment simplicity is the business case: high-margin consumable tools, asset-light manufacturing, repeat-purchase industrial customers. The demerger enables direct capital allocation to this business without EMKAYTOOLS' windmill segment drag. The risk: at 2 years post-demerger, it is unclear whether the high margins are structural or were artificially elevated during transition.
The register over the last two years — .
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Emkay Tools Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Emkay Tools Ltd trades at 19.2× P/E, mid-range by its own standards (45th percentile). Its long-run median P/E is 19.6×, measured across 1.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 19.2× is mid-range by its own standards (45th percentile), against a long-run median of 19.6× measured over 1.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +32.0% against a +20.8% price move — earnings outran the price, pushing the multiple DOWN its own range.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Emkay Tools Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +23.1% | — | — | — |
| Profit | +34.1% | — | — | — |
| EPS | +32.0% | — | — | — |
| Share price | +20.8% | — | — | — |
4-Factor Sector Score
63.5/100 — rank 1 of 1 in Machine Tools - Others · 47% evidence confidence · provisional, ranked below fully-evidenced peers
Emkay Tools Ltd scores 63.5 out of 100 against the 1 companies it is compared with in Machine Tools - Others, ranking 1. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 19.5 + 21.5 + 10 + 12.5 = 63.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Emkay Tools Ltdthis pageETL | 63.5/100Thin evidence · provisional47% evidence | BREAKING OUT | 19.5/35 Revenue — · PAT — · OPM change 3 pp 26% evidence | 21.5/25 ROCE 70.7% · OPM 57% 95% evidence | 10.0/20 P/E 19.2× · PEG — 0% evidence | 12.5/20 RS sector 0% · RS bench 14.2% · 1Y 19.5%4 of 12 weeks ahead 70% evidence |
| Exact sum: 19.5 + 21.5 + 10 + 12.5 = 63.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Emkay Tools Ltd's share price today?
Emkay Tools Ltd trades at ₹1,057, +20.8% over the past year. The company is valued at ₹1,128 Cr. The stock sits at 84% of its 52-week range of ₹805–₹1,104, +11.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 25 weeks in. — as of 18 September 2026.
What were Emkay Tools Ltd's latest quarterly results?
Emkay Tools Ltd reported revenue of ₹82.0 Cr and net profit of ₹34.0 Cr for the Mar 26 quarter. Revenue rose 30.2% and profit rose 36.0% year on year. Earnings per share were ₹32.20. The operating margin was 57.0%, 3.0 pp higher than a year earlier. — as of 18 September 2026.
What is Emkay Tools Ltd's revenue?
Emkay Tools Ltd reported revenue of ₹82.0 Cr in the Mar 26 quarter, +30.2% year on year. For the full FY26 fiscal year, revenue was ₹144 Cr (+23.1%). Over the last 1 years revenue compounded at 23.1% a year. — as of 18 September 2026.
What is Emkay Tools Ltd's profit?
Emkay Tools Ltd earned ₹34.0 Cr of net profit in the Mar 26 quarter, +36.0% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹59.0 Cr. The operating margin ran 57.0% in the latest quarter. — as of 18 September 2026.
What is Emkay Tools Ltd's market cap?
Emkay Tools Ltd's market capitalisation is ₹1,128 Cr at a share price of ₹1,057. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 18 September 2026.
What is Emkay Tools Ltd's P/E ratio?
Emkay Tools Ltd trades at a P/E of 19.2×, at the 45th percentile of its own 1-year range, against a long-run median of 19.6×. This is a comparison with the stock's own history, not a value call — as of 18 September 2026.
Does Emkay Tools Ltd pay a dividend?
No — Emkay Tools Ltd has recorded a dividend payout of 0% of profit in each of its last 2 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 18 September 2026.
Is Emkay Tools Ltd overvalued?
On its own history, Emkay Tools Ltd looks mid-range: its P/E of 19.2× sits at the 45th percentile of its 1-year range (long-run median 19.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 18 September 2026.
Is Emkay Tools Ltd growing?
Yes — Emkay Tools Ltd is growing: latest-quarter revenue +30.2% year on year, profit +36.0%, and the margin +3.0 pp at 57.0%. The 1-year compound rates are 23.1% (revenue) and 34.1% (profit). The earnings engine currently reads: improving — as of 18 September 2026.
How is Emkay Tools Ltd performing?
Emkay Tools Ltd is in a confirmed uptrend, 25 weeks in. Its latest quarter's revenue rose 30.2% and profit rose 36.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 18 September 2026.
Is Emkay Tools Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 25 of stage 2), trading +11.4% versus its 200-day average and at 84% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 18 September 2026.
Is Emkay Tools Ltd beating the market?
On recent form, yes — Emkay Tools Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.2 years the stock moved +20% against the NIFTY 500's −3% — ahead of the index over the full window. — as of 18 September 2026.
Will Emkay Tools Ltd's share price go up?
This page publishes no price forecast for Emkay Tools Ltd. What it measures instead: the share price is ₹1,057, the price is in a confirmed uptrend 25 weeks in. Its P/E of 19.2× sits at the 45th percentile of its own 1-year range. — as of 18 September 2026.
Who owns Emkay Tools Ltd?
Promoters hold 75.0% of Emkay Tools Ltd, foreign institutions null%, domestic institutions null% and the public 25.0% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 18 September 2026.
Does Emkay Tools Ltd have too much debt?
No — Emkay Tools Ltd's debt-to-equity is 0.00. FY26 borrowings were ₹0.0 Cr against equity of ₹140 Cr. The returns on this page are earned, not borrowed — as of 18 September 2026.
What is Emkay Tools Ltd's capex?
Emkay Tools Ltd spent ₹5.0 Cr on capital expenditure over the last 1 fiscal year, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹5.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 18 September 2026.
What is Emkay Tools Ltd's cash flow?
Emkay Tools Ltd generated ₹65.0 Cr of operating cash flow in FY26 and ₹60.0 Cr of free cash flow after ₹5.0 Cr of capital spending. Reported profit that year was ₹59.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 18 September 2026.
Is Emkay Tools Ltd's profit real cash?
Yes — over the last 2 fiscal years, 97% of Emkay Tools Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹65.0 Cr against reported profit of ₹59.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 18 September 2026.
Where is Emkay Tools Ltd in its business cycle?
Emkay Tools Ltd's FY26 operating margin was 56.0%, against a 2-year band of 53.0%–56.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 57.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 18 September 2026.
What could break the Emkay Tools Ltd story?
Biggest watch item: the price is already 25 weeks into its uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 18 September 2026.
Is Emkay Tools Ltd a stock worth studying right now?
This is not investment advice. The machine read: Emkay Tools Ltd's earnings have outrun its stock. EPS grew +32.0% in a year against a +20.8% price move. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 18 September 2026.
Not SEBI Registered !! Not Investment advice !!