Embassy Developments Limited

NSE: EMBDL · Realty

₹51.71-2.29%06 Nov 2026

Ask the data

Instant answers about Embassy Developments Limited — computed from its filings, no language model

Market cap₹7,188 cr

Current price₹51.71

High / Low₹94 / ₹39

P/E—

P/B0.77

Book value₹67.4

ROE-11.3%

ROCE-3.8%

Debt / equity0.67

Dividend yield—

EPS (TTM)₹-7.64

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4,944	3,271	1,521	1,445	587	414	2,180	1,732
EBITDA	1,042	801	180	-1	-546	-428	164	-474
Operating margin	21.1%	24.5%	11.8%	-0.1%	-93.0%	-103.5%	7.5%	-27.3%
Interest	464	481	228	110	28	9	461	549
Depreciation	17	31	17	12	12	11	15	48
Profit before tax	840	379	75	-27	-563	-1,023	27	-897
Tax	339	257	70	110	45	16	-176	-23
Net profit	504	121	4	-137	-608	-1,038	206	-873
EPS ₹	11.04	0.00	0.10	-3.00	-11.29	-19.20	1.69	-6.43
Operating cash flow	—	—	—	-248	-343	-97	1,461	44
Capex	—	—	—	1	1	2	0	44
Dividend paid	—	—	—	0	0	0	0	0
Total assets	—	—	—	—	6,507	5,847	20,491	21,538
Equity	—	—	—	—	3,656	2,753	9,321	9,868

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,040	1,271	1,822	837	1,086	1,232	116	48	20	722	732	520	349	323	253	152	194	133	108	196	96	101	21	387	246	278	889	681	493	212	342	217	292
Operating profit	243	388	166	255	515	125	-80	-53	-41	129	145	41	22	-56	-8	-36	91	-245	-355	-58	-23	-33	-314	-31	-1	3	8	-11	-52	-152	-261	-131	-150
Operating margin	23.3%	30.5%	9.1%	30.5%	47.5%	10.2%	-68.7%	-111.1%	-205.7%	17.9%	19.9%	7.8%	6.4%	-17.5%	-3.2%	-24.1%	46.9%	-184.5%	-328.2%	-29.4%	-23.9%	-32.9%	-1495.6%	-8.0%	-0.4%	1.1%	0.9%	-1.6%	-10.6%	-71.7%	-76.2%	-60.3%	-51.3%
Other income	19	17	219	33	16	85	35	47	31	35	28	12	32	33	20	13	9	15	25	13	12	11	19	16	41	31	293	13	44	52	65	25	19
Interest	104	114	145	159	154	87	81	78	63	53	34	29	28	29	24	17	6	3	1	1	3	4	2	5	4	5	139	160	135	113	140	119	136
Depreciation	3	4	3	8	9	7	7	7	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	2	5	7	9	20	13	13	14
Profit before tax	156	286	237	54	369	116	-144	-91	-78	108	136	21	23	-55	-16	-44	90	-236	-373	-677	-16	-28	-301	-22	34	27	129	-165	-152	-239	-345	-238	-281
Tax	61	81	123	174	65	67	-34	3	-2	27	42	16	18	32	44	8	34	0	3	2	2	10	1	6	10	4	6	1	0	-5	-19	0	-7
Net profit	76	202	109	-119	301	49	-110	-95	0	81	94	5	6	-87	-60	-52	57	-237	-376	-680	-18	-39	-302	-28	24	22	123	-166	-153	-233	-324	-234	-271
EPS ₹	1.68	4.49	2.41	-2.64	6.65	1.08	-2.42	-2.08	-1.67	1.77	2.09	0.10	0.12	-1.92	-1.31	-0.98	1.04	-4.37	-6.94	-12.55	-0.34	-0.71	-5.58	-0.49	0.38	0.35	1.06	-1.29	-1.12	-1.68	-2.33	-1.69	-1.95
Revenue YoY	—	—	—	—	4.3%	-3.1%	-93.6%	-94.3%	-98.1%	-41.4%	529.2%	985.9%	1633.6%	-55.3%	-65.4%	-70.8%	-44.4%	-58.8%	-57.2%	29.3%	-50.4%	-24.4%	-80.6%	97.7%	155.3%	177.0%	4130.8%	75.8%	100.5%	-23.7%	-61.5%	-68.2%	-40.7%
Profit YoY	—	—	—	—	296.7%	-75.7%	-201.1%	—	-100.0%	63.8%	—	—	—	-208.2%	-163.3%	-1191.6%	920.8%	—	—	—	-132.6%	—	—	—	—	—	—	—	-735.2%	-1151.6%	-363.3%	—	—

Earlier results (standalone, Sep '07 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Embassy Developments Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	139	355	85	36	17	27	82
Operating profit	67	246	24	4	-19	-17	45
Operating margin	48.1%	69.2%	28.8%	12.0%	-109.5%	-61.2%	54.5%
Other income	80	234	303	283	378	398	301
Interest	126	135	167	274	298	363	361
Depreciation	3	3	3	5	3	1	1
Profit before tax	18	341	157	9	58	17	-16
Tax	5	73	13	-14	2	-0	4
Net profit	13	269	145	23	55	17	-20

Quarters

showing latest 8 of 41 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†
Revenue	6	6	29	10	15	15	5	2	2	6	62	37	34	25	48	32	180	72	26	77	20	18	19	27	12	12	7	4	5	4	4	4	6	8	7	6	8	58	6	10	5
Operating profit	-3	-4	16	1	5	4	-3	-11	-5	3	46	24	21	6	33	6	115	56	13	62	7	-2	6	14	6	2	-2	-3	-0	-7	-5	-8	-8	-2	-2	-5	-2	51	-5	1	-11
Operating margin	-48.7%	-63.0%	56.6%	13.8%	34.4%	28.0%	-68.8%	-506.2%	-292.5%	51.4%	73.5%	66.4%	61.3%	25.5%	69.3%	19.3%	63.9%	78.0%	48.5%	80.3%	32.7%	-12.9%	33.6%	50.0%	53.7%	20.5%	-22.9%	-67.4%	-4.0%	-155.1%	-108.0%	-189.6%	-147.5%	-19.5%	-28.8%	-76.1%	-21.1%	87.3%	-81.4%	8.4%	-227.5%
Other income	31	530	26	24	35	23	30	30	21	1	3	18	15	27	8	30	33	32	55	114	88	129	43	43	51	64	82	86	89	129	77	83	103	100	102	93	65	91	71	74	54
Interest	1	0	1	14	29	17	20	11	11	0	0	13	32	31	31	32	32	32	39	32	35	44	47	41	54	65	74	81	86	74	64	75	89	92	95	87	92	100	86	83	69
Depreciation	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0
Profit before tax	27	525	41	10	10	9	6	7	4	3	48	29	3	1	10	4	115	56	28	143	59	82	1	15	3	1	5	1	2	48	7	0	6	6	5	1	-30	41	-20	-8	-26
Tax	4	115	13	4	4	2	0	1	-1	0	16	9	1	0	3	1	26	16	9	22	8	0	1	4	0	0	1	-16	-0	3	-1	0	2	2	0	-4	-0	4	1	-1	2
Net profit	23	410	28	7	7	7	6	6	5	3	31	20	2	1	7	3	89	39	19	121	51	82	1	11	2	1	3	17	2	45	8	0	4	4	4	5	-29	38	-21	-7	-28
EPS ₹	0.93	19.32	1.02	0.11	0.11	0.11	0.06	0.05	0.12	0.07	0.78	0.49	0.05	0.02	0.16	0.07	1.91	0.87	0.44	2.85	1.20	1.94	0.01	0.26	0.05	0.01	0.07	0.40	0.05	0.99	0.17	0.00	0.09	0.07	0.09	0.11	-0.62	0.79	-0.44	-0.15	-0.59
Revenue YoY	—	—	—	—	126.8%	139.8%	-52.2%	-84.5%	-87.2%	20.3%	2652.4%	1872.7%	512.5%	-59.9%	30.8%	—	425.7%	188.7%	-46.2%	143.6%	-88.6%	-75.1%	-25.8%	-64.6%	-42.4%	-32.8%	-61.5%	-84.5%	-59.3%	-64.6%	-41.2%	-6.4%	15.7%	89.3%	66.3%	59.3%	35.7%	616.9%	-13.1%	65.9%	-36.2%
Profit YoY	—	—	—	—	-69.8%	-98.3%	-12.4%	-13.4%	-28.2%	-50.0%	427.7%	301.0%	-33.6%	-97.6%	-65.8%	—	4414.6%	5067.1%	182.3%	3671.0%	-42.8%	109.1%	-97.2%	-91.1%	-95.4%	-99.2%	484.9%	57.1%	-13.3%	7158.1%	159.0%	-99.4%	113.4%	-92.2%	-45.6%	4581.8%	-781.9%	964.9%	-576.0%	-239.0%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	-3.3%	-6.9%	-16.6%	-33.8%	-43.1%	-36.5%	-37.7%	-14.1%	-7.6%	-6.2%	1.5%	0.0%	-1.7%	-4.2%	-8.9%	-9.6%	-11.3%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	1.0%	-3.1%	-13.7%	-30.3%	-39.1%	-32.8%	-33.2%	-11.6%	-6.2%	-5.0%	2.3%	2.4%	1.9%	0.8%	-2.3%	-3.1%	-3.8%
Net margin	5.4%	9.8%	6.8%	3.7%	5.9%	-11.0%	-13.7%	5.3%	9.0%	8.0%	0.9%	-9.5%	-18.0%	-15.5%	-39.9%	-103.7%	-195.8%	-245.8%	-222.1%	-251.1%	-64.1%	-45.8%	-30.5%	7.8%	0.2%	-7.4%	-18.8%	-50.6%	-74.6%	-99.9%
EBITDA margin	21.2%	26.4%	21.3%	25.0%	20.4%	-3.5%	-5.0%	11.8%	13.7%	14.5%	7.9%	-0.1%	-7.3%	-1.1%	-27.2%	-93.0%	-89.8%	-127.7%	-93.6%	-103.5%	-66.3%	-50.3%	-36.8%	-1.2%	-0.0%	-2.2%	-9.1%	-27.6%	-47.2%	-65.2%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	0.16	0.16	0.07	0.07	0.09	0.09	0.11	0.11	0.08	0.08	0.49	0.49	0.45	0.45	0.53	0.53	0.67
Interest coverage	2.40	2.65	2.42	1.82	1.63	0.36	0.25	1.33	2.05	3.01	2.05	0.75	0.06	0.67	-3.02	-19.36	-104.81	-173.12	-142.23	-109.69	-27.02	-21.41	-15.84	2.10	1.08	0.63	0.22	-0.64	-0.92	-1.17
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	0.12	0.09	0.09	0.10	0.09	0.09	0.07	0.10	0.09	0.11	0.09	0.10	0.11	0.11	0.08	0.06	0.05

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	108	108	108	108	127	244	274	278	278
Other equity / reserves	4,157	3,547	2,936	2,645	4,440	9,077	9,984	9,590	9,091
Total equity	4,265	3,656	3,044	2,753	4,567	9,321	10,258	9,868	9,369
Borrowings	680	256	265	302	364	4,526	4,636	5,218	6,277
Current liabilities	3,004	2,494	2,487	2,636	2,837	7,062	5,639	5,997	5,471
Non-current liabilities	447	346	316	446	1,074	4,102	4,954	5,560	7,313
Total assets	7,728	6,507	5,859	5,847	8,491	20,491	20,857	21,538	22,248
Property, plant & equipment	30	23	19	13	13	94	126	147	139
Capital work-in-progress	—	0	0	0	0	9	0	1	37
Investments	688	157	174	158	15	98	104	165	302
Inventories	5,250	4,822	4,748	4,783	6,964	12,058	12,063	12,433	12,850
Receivables	148	76	85	63	42	52	53	23	25
Cash & equivalents	22	37	31	27	28	179	773	779	680

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	0	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹139 cr1%

CWIP

₹37 cr0%

Investments

₹302 cr1%

Inventories

₹12,850 cr58%

Receivables

₹25 cr0%

Cash & equivalents

₹680 cr3%

Other assets

₹8,215 cr37%

Peer comparison

largest in Realty · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
DLF Ltd.	1,86,365	752.90	40.8	4.09	10.0%
Lodha Developers Ltd.	1,17,829	1,179.00	27.1	4.66	17.2%
Phoenix Mills Ltd.	77,076	2,154.90	59.2	8.47	14.3%
Prestige Estates Projects Ltd.	70,161	1,629.00	75.2	4.21	5.6%
Oberoi Realty Ltd.	63,230	1,739.00	47.6	3.31	7.0%
Godrej Properties Ltd.	54,473	1,809.30	40.4	2.81	7.0%
Brigade Enterprises Ltd.	18,210	558.15	25.1	2.55	10.1%
Anant Raj Ltd.	16,032	445.45	26.8	2.65	9.9%
Sobha Ltd.	13,640	1,275.40	71.4	2.88	4.0%
Aditya Birla Real Estate Ltd.	11,933	1,068.40	15.7	2.61	16.6%
Embassy Developments Limited	7,188	51.71	—	0.77	-11.3%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-9.6%

6 months-26.1%

1 year-45.6%

3Y CAGR-12.5%

5Y CAGR-22.9%

10Y CAGR-4.3%

50-day avg₹55.73

200-day avg₹59.33

RSI (14)41

FAQs

What is the share price of Embassy Developments Limited?

Embassy Developments Limited (EMBDL) closed at ₹51.71 on NSE on 06 Nov 2026.

What is the market cap of Embassy Developments Limited?

₹7,188 crore at the latest close.

How fast is Embassy Developments Limited growing?

Embassy Developments Limited: revenue has compounded at 43.4% a year over three years. Latest-quarter revenue is down 40.7% year on year.

How profitable is Embassy Developments Limited?

On a trailing-twelve-month basis return on equity is -11.3%, return on capital employed -3.8%, operating margin -65.2%, net margin -99.9%.

How much debt does Embassy Developments Limited have?

Embassy Developments Limited is moderately geared: debt to equity is 0.67 with borrowings of ₹6,277 cr against cash of ₹680 cr (balance sheet of 2026-09-30). Operating profit covers interest -1.2 times.

Financials parsed from Embassy Developments Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.