EMS share price surged 7.69% to ₹401.05 after the company received the lowest bidder (L-1) status awarded by Directorate of Local Bodies, Government of Rajasthan for Sewerage Work. According to reports, the estimated order value (including GST) is approximately ₹218.65 crore, representing a significant contract win for the company. The project involves sewerage and septage management, including sewer systems with sewage treatment plants and the laying, jointing, testing and commissioning of sewerage systems across six urban local bodies in Ganganagar, Hanuman Nagar and Churu districts. The scope also includes a one-year defect liability period and 10 years of operations and maintenance, with the project scheduled to be executed over 18 months. The company has stated it will provide further updates upon receipt of the Letter of Award (LOA) for the project.
As of the latest announcement, EMS Limited's current order book stands at ₹3,100 crore, with orders worth ₹750 crore at L1 stages where Letter of Intent (LoI) are expected to be received soon. According to CFO Ashish Tomar speaking with NDTV Profit, the company expects order inflows worth ₹1,200 crore including the first and second quarter of FY27. The company's bidding pipeline is in excess of ₹4,000 crore, and Tomar expects to convert a handsome amount of this pipeline to work orders. As per the latest reports, this consistent order inflow highlights EMS's competitiveness in the water and wastewater EPC segment across multiple states.
EMS Limited's Q1 FY27 standalone operating revenue rose to ₹125.72 crore, demonstrating strong sequential growth compared to ₹83.66 crore in Q4 FY6. The company's sequential standalone net profit surged by 184.66% to ₹15.03 crore in Q1 FY7 from ₹5.28 crore in Q4 FY6. CFO Ashish Tomar expects FY27 revenue to grow about 25%, with much faster growth thereafter. The ₹218.65 crore Rajasthan project, along with multiple recent L-1 project wins totaling over ₹1,800 crore, significantly improves EMS Limited's long-term revenue visibility. Tomar expects the company's net profit margins to be higher than 15% by the end of this year, and EBITDA margin around 20% for full FY7. The company has no capex planned for this year.
On operational improvements, CFO Ashish Tomar informed that EMS's working capital cycle is at roughly around 120 days now, and expects it to come down to industry average of 90 days by end of this year. The company is actively participating in projects from Odisha, Andhra Pradesh and Chhattisgarh for future expansion. As of June 30, 2026, the company's order book stood at ₹2,328.91 crore, demonstrating strong project pipeline visibility. The continuous inflow of municipal orders across Northwest India highlights EMS Limited's competitiveness in the water and wastewater EPC segment, with the ₹218.65 crore contract with an 18-month execution phase providing robust short-term top-line support.
As of the latest trading session, EMS Limited share price stands at ₹387.00, representing a 0.27% increase from the previous close as reported by NDTV Profit. The stock was trading at ₹387.00 apiece on the BSE at 3:15 PM. Over the past year, EMS Limited has achieved a return of -29.94%, while the return in the last month alone has been -10.12%. The company's market capitalization stands at ₹2,223.20 crore as of the current trading session.
