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◆ConcernTier 1

Emkay Tools LtdNSE:ETL

Capital Goods · ₹1,110 Cr market cap · covered for 1 quarter since Q4 2026

Current view Q4 2026

Fast-growing, debt-free tap-and-tool maker with unusually high profit margins from premium products. But the stock looks expensive versus its sales and assets, and its listing is too new to trust the track record yet.

Latest exchange filings last 5 · 5 after Q4 2026

Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.

AI concall report · Q4 2026

The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.

✨ Read the report ↗

Growth Q4 2026

Metric This year vs lastYoY · vs Q4 2025 vs the quarter beforeQoQ, sequential · vs Q3 2026
Sales▲ +30.2%+32.3%
Operating profit▲ +38.2%+38.2%
EPS▲ +39.9%+41.0%
PAT▲ +36.0%+41.7%

Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +30.2%, which is ≥ 20% → Tier 1.

QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.

Multibagger potential

No score — no price data. The eight growth columns arrive with the quarter's Excel import; until then a number here would be invented.

How it compares with its rivals Capital Goods · 6 of 130 listed

These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.

Company PriceP/ESizeROCE Profitlast qtr Saleslast qtr
Emkay Tools ₹1,050 19.1× ₹1,120 Cr 70.7% +40.0% +31.7%
Indo-MIM ₹1,051 80.5× ₹51,975 Cr 25.0% +31.6% +9.4%
Aditya Infotech ₹3,468 85.9× ₹41,021 Cr 28.6% +332.5% +89.5%
Syrma SGS Tech. ₹1,743 90.6× ₹33,616 Cr 16.8% +101.2% +68.3%
Honeywell Auto ₹35,725 56.5× ₹31,581 Cr 16.9% +20.9% +1.8%
Jyoti CNC Auto. ₹1,055 74.5× ₹23,982 Cr 21.3% −20.0% +24.0%

Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.

Business quality to Mar 2026

Are the margins widening? yes — widening, and steadily operating margin 51% → 57% over 18 months
Did the profit turn into cash? most of it arrived as cash 106% last year, 93% over three · free cash flow ₹61 cr, positive in 2 of 2 years
Is the growth borrowed? essentially debt-free ₹0 cr — 0.00× its own equity (was 0.01×)
Is it being collected? collection is steady 92 days to collect, up 2 in a year · cash cycle 331 days
Who has been buying? promoter stake unchanged on record promoters 75.0%
What does it earn on its capital? earns a high return on the capital it employs ROCE 70.7% · ROE 52.5%

Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.

Screener's own checklist not mine, not the score

In its favour

  • Company has reduced debt.
  • Company is almost debt free.

Against it

  • Stock is trading at 7.99 times its book value

Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.