Emkay Taps & Cut

Why is Emkay Taps & Cutting Tools Ltd falling/rising?

As of 19-Jul, the stock price of Emkay Taps & Cutting Tools Ltd is stable at 95.00, with a recent 1.06% increase over the past week but a significant year-to-date decline of 15.93%. Declining investor participation and historical losses indicate a bearish trend despite short-term performance.

As of 19-Jul, the stock price of Emkay Taps & Cutting Tools Ltd is currently at 95.00, with no change from the previous day. The stock has shown a mixed performance over different time periods. In the past week, it has increased by 1.06%, outperforming the Sensex, which rose by 0.53%. However, over the longer term, the stock has experienced significant declines, with a year-to-date drop of 15.93% and a staggering 51.28% decrease over the past year.<BR><BR>Today's trading performance is described as inline with the sector, but there are concerning signs regarding investor participation. The delivery volume on July 16 fell by 68.75% compared to the 5-day average, indicating a decline in investor interest. Additionally, while the stock is trading above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the longer term.<BR><BR>Overall, the combination of declining investor participation and significant historical losses contributes to the stock's current price stability, despite a slight recent uptick.

Which are the latest news on Emkay Taps & Cut?

What does Emkay Taps & Cut do?

Emkay Taps & Cutting Tools Ltd manufactures taps and cutting tools in the industrial sector and is a micro-cap company with a market cap of INR 99 Cr. It was incorporated in 1995 and became a public limited company in 2015.

Overview:<BR>Emkay Taps & Cutting Tools Ltd specializes in the manufacturing of taps and cutting tools within the industrial manufacturing sector and operates as a micro-cap company.<BR><BR>History:<BR>The company was originally incorporated on July 27, 1995, as Emkay Taps and Cutting Tools Private Limited. It later converted to a Public Limited Company, with the name changed to Emkay Taps and Cutting Tools Limited on April 24, 2015. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 99 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 13.00 <BR>Industry P/E: 37 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 2.74% <BR>Price to Book: 0.34 <BR><BR>Contact Details:<BR>Address: P No B-27 and B-27/1, MIDC Hingna Indl Estate Nagpur Maharashtra : 440016 <BR>Phone: 91-7104-237584 <BR>Email: emkaytapsandtools.com <BR>Website: http://www.emkaytapsandtools.com

Who are in the management team of Emkay Taps & Cut?

The management team of Emkay Taps & Cut includes Ajayprakash Kanoria (Chairman, Managing Director & CEO), Alka Ajayprakash Kanoria (Whole-time Director), and three Independent Non-Executive Directors: Mahesh Mor, Ravindra Loiya, and P C Ramchandran.

The management team of Emkay Taps & Cut includes the following individuals:<BR><BR>1. **Ajayprakash Kanoria** - Chairman, Managing Director & CEO<BR>2. **Alka Ajayprakash Kanoria** - Whole-time Director<BR>3. **Mahesh Mor** - Independent Non-Executive Director<BR>4. **Ravindra Loiya** - Independent Non-Executive Director<BR>5. **P C Ramchandran** - Independent Non-Executive Director<BR><BR>If you need more specific information about their roles or contributions, feel free to ask!

Who are the peers of the Emkay Taps & Cut?

Emkay Taps & Cut's peers include Lakshya Powertec, Holmarc Opto, Banka Bioloo, Womancart, and others. Emkay has excellent capital structure but below-average growth and the lowest 1-year return at -60.38% compared to its peers.

Peers: The peers of Emkay Taps & Cut are Lakshya Powertec, Holmarc Opto, Banka Bioloo, Womancart, Rapicut Carbides, Galaxy Agrico, Lippi Systems, Cenlub Industrie, Shri Balaji, and Meera Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shri Balaji, while Average management risk is found at Lakshya Powertec, Holmarc Opto, Womancart, Cenlub Industrie, and Meera Industries. Below Average management risk is noted for Banka Bioloo, Rapicut Carbides, Galaxy Agrico, Lippi Systems. Growth is Excellent at Lakshya Powertec and Womancart, Average at Holmarc Opto, and Below Average at Emkay Taps & Cut, Banka Bioloo, Rapicut Carbides, Galaxy Agrico, Lippi Systems, Cenlub Industrie, and Meera Industries. Capital Structure is Excellent at Emkay Taps & Cut and Cenlub Industrie, Good at Lakshya Powertec, Holmarc Opto, Womancart, and Shri Balaji, while Below Average is seen at Banka Bioloo, Rapicut Carbides, Galaxy Agrico, Lippi Systems.<BR><BR>Return Snapshot: Banka Bioloo has the highest 1-year return at 22.93%, while Emkay Taps & Cut has the lowest at -60.38%. Emkay Taps & Cut's return is significantly lower than all peers. Additionally, Womancart, Rapicut Carbides, Galaxy Agrico, Lippi Systems, Cenlub Industrie, and Meera Industries all have a six-month return of 0.00%.

How has been the historical performance of Emkay Taps & Cut?

Emkay Taps & Cut experienced significant growth from March 2023 to March 2024, with net sales rising to 103.45 crore and profit after tax increasing to 71.90 crore. The company reported a robust operating profit margin of 46.5% and total assets growing to 337.44 crore.

Answer:<BR>The historical performance of Emkay Taps & Cut shows significant growth in various financial metrics from March 2023 to March 2024.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2024, Emkay Taps & Cut reported net sales of 103.45 crore, an increase from 88.62 crore in the previous year. The total operating income mirrored this growth, rising to 103.45 crore from 88.62 crore. Total expenditure, excluding depreciation, also increased to 55.35 crore from 45.16 crore, primarily driven by higher raw material costs and manufacturing expenses. Operating profit before interest, depreciation, and tax (PBDIT) rose to 92.91 crore from 59.88 crore, reflecting a robust operating profit margin of 46.5%, slightly down from 49.04%. Profit before tax surged to 90.08 crore, up from 56.62 crore, leading to a profit after tax of 71.90 crore compared to 44.13 crore the previous year, resulting in a PAT margin of 69.5%. On the balance sheet, total assets increased to 337.44 crore from 256.84 crore, with shareholder's funds rising to 298.91 crore from 225.92 crore. Cash flow from operating activities was 24.00 crore, slightly down from 25.00 crore, while net cash inflow increased to 2.00 crore from no inflow the previous year. Overall, the company demonstrated strong financial performance with significant increases in sales, profits, and assets.

How big is Emkay Taps & Cut?

As of 24th July, Emkay Taps & Cutting Tools Ltd has a market capitalization of 226.00 Cr, classifying it as a Micro Cap company. Shareholder's Funds are 298.91 Cr, and Total Assets are 337.44 Cr, but recent quarterly performance data is unavailable.

As of 24th July, Emkay Taps & Cutting Tools Ltd has a market capitalization of 226.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent quarterly performance data is not available, so there are no figures for Net Sales or Net Profit for the latest four quarters.<BR><BR>In the balance sheet snapshot for the period ending March 2024, Shareholder's Funds are reported at 298.91 Cr, and Total Assets amount to 337.44 Cr.

Who are the top shareholders of the Emkay Taps & Cut?

The top shareholder of Emkay Taps & Cut is Ajayprakash Murlidhar Kanoria Huf, holding 38.37%. The highest public shareholder is Rahim Mansoor Khan at 7.39%, with individual investors owning a total of 13.44%.

The top shareholders of Emkay Taps & Cut include the promoters, with Ajayprakash Murlidhar Kanoria Huf holding the largest stake at 38.37%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Rahim Mansoor Khan, who owns 7.39%. Additionally, individual investors collectively hold 13.44% of the shares.

Is Emkay Taps & Cut overvalued or undervalued?

As of June 2, 2025, Emkay Taps & Cut is considered risky and overvalued due to its low PE ratio of 10.79, alarming EV to EBITDA ratio of -69.20, and poor stock performance, with a year-to-date decline of 43.08% compared to the Sensex's gain of 6.22%.

As of 2 June 2025, the valuation grade for Emkay Taps & Cut has moved from does not qualify to risky, indicating a shift in the perception of its financial health. The company is currently assessed as overvalued, particularly given its PE ratio of 10.79, which is relatively low compared to the industry average, and an alarming EV to EBITDA ratio of -69.20, suggesting significant operational inefficiencies. Additionally, the ROE stands at 8.97%, which, while positive, does not compensate for the negative returns indicated by the ROCE of -1.48%.<BR><BR>When compared to peers, Emkay Taps & Cut's valuation appears concerning; for instance, its PE ratio is lower than many competitors in the industrial manufacturing sector, which typically enjoy higher multiples. The company's recent stock performance has been notably poor, with a year-to-date decline of 43.08%, contrasting sharply with the Sensex's gain of 6.22% in the same period. This further reinforces the notion that Emkay Taps & Cut is currently overvalued, as the market seems to be pricing in significant risks that are not adequately reflected in its financial ratios.

What is the technical trend for Emkay Taps & Cut?

As of June 3, 2025, Emkay Taps & Cut shows a bearish trend with moderate strength, supported by bearish signals from Bollinger Bands, moving averages, and the KST, despite a mildly bullish weekly MACD.

As of 3 June 2025, the technical trend for Emkay Taps & Cut has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD indicates a mildly bullish signal, but the monthly MACD is bearish, suggesting a divergence in time frames. The Bollinger Bands are bearish on both weekly and monthly charts, reinforcing the bearish outlook. Daily moving averages are also bearish, and the KST shows a mildly bearish trend on a monthly basis. The OBV is mildly bearish on both weekly and monthly time frames. Overall, the combination of these indicators points to a bearish sentiment in the market.

When is the next results date for Emkay Taps & Cut?

No Upcoming Board Meetings

What is the bonus history of the Emkay Taps & Cut?

Emkay Taps & Cutting Tools Ltd issued a notable bonus of 5:1 on September 24, 2018, meaning shareholders received 5 additional shares for every 1 share held, with a record date of September 25, 2018.

Emkay Taps & Cutting Tools Ltd has a bonus history that includes a notable bonus issue of 5:1, which was announced with an ex-date of September 24, 2018. The record date for this bonus was September 25, 2018. This means that for every 1 share held, shareholders received 5 additional shares. If you have any more questions about the company or its financial activities, feel free to ask!

Has Emkay Taps & Cut declared dividend?

Emkay Taps & Cutting Tools Ltd has declared a 4% dividend, amounting to 0.4 per share, with an ex-date of March 19, 2020. Despite the dividend declaration, the dividend yield is 0%, and total returns have varied significantly, showing negative returns in the short term and positive returns over the long term.

Emkay Taps & Cutting Tools Ltd has declared a 4% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 4%<BR>- Amount per share: 0.4<BR>- Ex-date: 19 Mar 20<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -45.15%, the dividend return was 0%, resulting in a total return of -45.15%.<BR><BR>For the 1-year period, the price return was -67.62%, the dividend return was 0%, leading to a total return of -67.62%.<BR><BR>Over the 2-year period, the price return was -28.84%, with a dividend return of 0%, resulting in a total return of -28.84%.<BR><BR>In the 3-year period, the price return was 57.21%, the dividend return was 0%, culminating in a total return of 57.21%.<BR><BR>For the 4-year period, the price return was 108.0%, the dividend return was 0%, leading to a total return of 108.0%.<BR><BR>In the 5-year period, the price return was 210.8%, with a dividend return of 0%, resulting in a total return of 210.8%.<BR><BR>Overall, while Emkay Taps & Cutting Tools Ltd has declared a dividend, the dividend yield remains at 0%. The total returns show significant fluctuations over the periods, with negative returns in the short term and substantial positive returns over the longer term.