EMBDLRealty

Embassy Developments Limited

Residential, Commercial Projects · ISIN INE069I01010 · BSE 532832 · NSE EQ · FV ₹2
Last price
₹55
+2.29%today
What this company does

Embassy Developments Limited operates in Residential, Commercial Projects, part of the Realty sector. It booked ₹217 cr of revenue in its latest quarter (Q1 FY27) and kept -108.1% of sales as profit.

In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 412–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns4

How much profit it earns on the money it employs

Balance sheet30

How much it owes, and whether earnings cover the interest

Cash quality70

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation87

What today's price implies, against our models or its peers

Governance & risk47

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 43%
Watch-outs
! Currently loss-making
! Thin -108.1% net margin
! Sales down 68% vs last year
! 64.9% of promoter stake pledged
! Low -9.5% return on equity

What if I invest in EMBDL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹55 +2.29%
latest close · 2026-09-17
1-year return
-59.2%
52-wk low ₹5352-wk high ₹196
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.77Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-9.5%Loss
WeakFairStrong ▸15%
Return on capital-3.1%Loss
WeakFairStrong
Net margin-108.1%Loss
ThinDecentStrong
EBITDA margin-49.0%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.52Moderate
LowModerateHigh ▸1
Interest cover-1.0×Risky
RiskyOkayStrong ▸5×
Current ratio2.38Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹7,633 cr
Book value
₹71
EPS
₹-1.69
latest quarter
Net debt
₹4,439 cr
owes more than its cash
Enterprise value
₹12,071 cr
EBITDA
₹-425 cr
annualised
EBIT
₹-476 cr
annualised
Operating margin
-55.0%
Return on assets
-4.4%
Earnings yield
P/S
8.80
Sales / share
₹6.2
Tax rate
Face value
₹2
Shares
139.0 cr
Working capital
₹8,258 cr
Current assets
₹14,255 cr
Current liabilities
₹5,997 cr
Delivery %
49.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹217 cr
Other Income₹25 cr
Total Income₹241 cr
Cost of Materials₹205 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹77 cr
Finance Costs₹119 cr
Depreciation & Amortisation₹13 cr
Other Expenses₹65 cr
Total Expenses₹479 cr
Profit before Tax₹-238 cr
Tax Expense₹28.9 L
Share of JV / Associates₹4 cr
Net Profit₹-234 cr
Net margin on total income-97.1%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹205 cr42.9%
Employee benefit expense₹77 cr16.1%
Finance costs₹119 cr24.7%
Depreciation & amortisation₹13 cr2.7%
Other expenses₹65 cr13.5%
Tax expense₹28.9 L0.1%
Total income ₹241 cr

The company made a net loss of ₹234 cr this quarter — income covered only 50 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue212 cr342 cr217 cr
Total income264 cr407 cr241 cr
Expenses498 cr756 cr479 cr
Profit before tax-239 cr-345 cr-238 cr
Tax-5 cr-19 cr28.9 L
Net profit (owners' share)-233 cr-324 cr-234 cr
Net margin (owners' share, on revenue)-109.8%-94.5%-108.1%
EPS (₹)-1.68-2.33-1.69
YoY (latest quarter): total income -65.2% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹21,538 cr
Shareholder equity
₹9,868 cr
parent shareholders
Total debt
₹5,218 cr
Cash
₹779 cr
Cash flow · H1 FY26
Operating
₹269 cr
Investing
₹1 cr
Financing
₹325 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹640₹1.58 L cr49.8
Lodha Developers Limited₹1,103₹1.10 L cr20.1
The Phoenix Mills Limited₹1,872₹66,957 cr56.4
Oberoi Realty Limited₹1,741₹63,292 cr29.1
Prestige Estates Projects Limited₹1,440₹62,025 cr65.7
Godrej Properties Limited₹1,678₹50,551 cr36.1
Anant Raj Limited₹597₹21,482 cr35.9
Brigade Enterprises Limited₹621₹20,251 cr25.3
Horizon Industrial Parks Limited₹52₹12,779 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 6 May 2014
ActionDetailEx-date
Dividend₹1 / share6 May 2014
Dividend₹1 / share31 Oct 2013
Dividend₹1 / share5 Aug 2013
Dividend₹2 / share7 May 2013
Who owns it · 2026-06-30
64.9% pledged
Promoter
42.6%
FII / Foreign
23.4%
DII / Domestic
3.0%
Retail / others
30.9%
Promoter stake up 42.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtEmbassy Property Developments Private Limited · Promoter Group3.36 cr · ₹205.6 cr31 Jul 26
BoughtShadaan Khan · Employees/Designated Employees50,000 · ₹19.7 L30 Mar 26
BoughtRajesh Kaimal · Director26,000 · ₹10.3 L30 Mar 26
Bulk / block deals
short · NSE115 Sep 26
short · NSE131 Aug 26
short · NSE110 Aug 26
Stake changes
SoldCatalyst Trusteeship Limited acting as Debenture Trustee on behalf of Debenture holders→ 16.14% · 3.36 cr31 Jul 26
SoldCatalyst Trusteeship Limited→ 8.28% · 3.00 cr14 Jul 26
BoughtCatalyst Trusteeship Limited→ 10.55% · 4.35 cr27 Mar 26
Promoter pledges
ReleasedDeustche Investments India Ltd1.00 cr · 2.21% held14 Jun 19
ReleasedDeutsche Investments india Pv tLtd1.00 cr · 2.21% held14 Jun 19
ReleasedDeustche Investments India PVt Ltd1.00 cr · 2.21% held14 Jun 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 8 Sep 2026
See the official result
1
Approval and adoption of the audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
39.92 cr votes for, 7,135 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr. Jitendra Virwani (DIN: 00027674), Chairman & Non-Executive Director, who retires by rotation and being eligible, has offered himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
39.87 cr votes for, 5.06 L against · 0% of mutual funds and other big investors said no
3
Approval of remuneration of the Cost Auditors for the financial year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
39.91 cr votes for, 1.32 L against · 0% of mutual funds and other big investors said no
4
Approval for revision in remuneration of Mr. Rajesh Kaimal (DIN: 03158687), Chief Financial Officer (CFO) & Executive Director of the Company
Backed by 79% of shareholders other than promotersneeded 75%
31.65 cr votes for, 8.27 cr against · 23% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 42.7% between them · as of 2026-06-30
JV Holding Private Limited17.49%
Embassy Property Developments Private Limited13.94%
Bellanza Developers Private Limited7.48%
OMR Investments LLP2.21%
Aditya Virwani0.49%
Karan Virwani0.49%
Neel Virwani0.49%
Jitendra Mohandas Virwani0.07%
Business done with them
FY2025 · 1 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.1% of its ₹2,180 cr revenue.
JV HOLDING PRIVATE LIMITED
Other payments to them · Income and expenses
also owns 17.49% of the company
₹2 cr
company paid

The company also transacted with 1 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹351 cr raised in May 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 91% of what it set aside. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

100% acquisition of the entity that owns Embassy Residency
100%
of what was set aside
100% acquisition of the entity that owns rights to Embassy East Avenue
spent more than set aside
100%
of what was set aside
Acquisition of Embassy Eden
100%
of what was set aside
100% acquisition of the entity that owns FSI rights in Blu Annex
spent more than set aside
100%
of what was set aside
Discharge of existing obligations towards Sky Forest Projects Private Limited
100%
of what was set aside
Growth initiatives (acquisition of future assets/ projects by the Company or its subsidiaries)
67%
of what was set aside
General corporate purposes
budget changed
100%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹335 cr raised in Mar 2025 by selling shares to selected investors

As of Mar 2025, the company says it has spent 54% of what it set aside. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

100% acquisition of the entity that owns Embassy Residency
100%
of what was set aside
100% acquisition of the entity that owns rights to Embassy East Avenue
spent more than set aside
100%
of what was set aside
Acquisition of Embassy Eden
4%
of what was set aside
100% acquisition of the entity that owns FSI rights in Blu Annex
spent more than set aside
100%
of what was set aside
Discharge of existing obligations towards Sky Forest Projects Private Limited
100%
of what was set aside
Growth initiatives (acquisition of future assets/ projects by the Company or its subsidiaries)
48%
of what was set aside
General corporate purposes
budget changed
5%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.