EMS Limited

EMS Limited's order book is rapidly expanding, fueled by a series of significant contract wins in the water infrastructure and highway sectors. Recent awards include a substantial ₹2,224.6 crore water treatment plant project in Rajasthan, a ₹1,058 crore sewerage contract in Varanasi, and a ₹1,908.6 crore water treatment plant project in Kota, demonstrating strong momentum in the company’s core business. These developments, alongside H-1 status for two NHAI toll plaza operation projects, have bolstered the order book to ₹2,329 crore, while Q1 FY27 revenue increased by 50% year-over-year, signaling robust growth potential. Management anticipates continued expansion, targeting a return to historical profitability margins by the end of the fiscal year, though near-term execution may be affected by regional weather and political factors.