EMA Partners India IPO Review

EMA Partners India has been serving local and international businesses across all industry sectors, since 2003. The firm has been instrumental in helping its clients recruit thousands of leaders who have made a deep impact in their organizations and society at large. EMA partners is also a provider of leadership assessment and other advisory services to their clients. Their expertise lies in assessing, hiring and developing leaders at the Board, C-Suite and Senior Executive level across industries.

They are a professionally governed company led by senior management team with extensive industry experience. Their Managing Director and co-founder, Mr. Krishnan Sudarshan, has 20+ years of experience in executive search & recruitment and has significantly contributed to the Company's growth both within and outside India and actively managing key client relationships. Their co-founder and whole-time director, Mr. Subramanian Krishnaprakash, brings 20+ years of executive search experience. He manages domestic and cross-border assignments across various industries and functions, specializing in niche technical searches and partnering with private equity investors to build leadership teams. Their senior management team has a cumulative experience of 134+ years with an average tenure in the Company of around 12 years.

The Revenues from operations for the period ended on Jul 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,632.90 Lakh, ₹ 6,883.45 Lakh, ₹ 5,106.16 Lakh and ₹ 5,786.52 Lakh respectively. The EBITDA for the period ended on Jul 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 679.68 Lakh, ₹ 1,802.42 Lakh, ₹ 562.69 Lakh, and ₹ 1,503.10 Lakh, respectively. The Profit after Tax for the period ended on Jul 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 437.22 Lakh, ₹ 1,427.30 Lakh, ₹ 307.07 Lakh, and ₹ 1,127.06 Lakh respectively. This indicate a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 8.4 and post-issue EPS of ₹ 6.14 for FY24. The pre-issue P/E ratio is 14.76x, while the post-issue P/E ratio is 20.20x against the Industry P/E ratio is 40x. The company's ROCE for FY24 is 31.70%, ROE for FY24 is 29.50% and RoNW 30.63%. The Annualised EPS based on the latest financial data is ₹ 7.71 and PE ratio is 16.08x. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of EMA Partners India showing potential listing gains of 0.00%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the EMA Partners India Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.