Embassy Developments Ltd (EMBDL) — shareholding pattern, promoter holding, financials and share price
About Embassy Developments Ltd (EMBDL)
Embassy Developments Ltd operates in the Residential, Commercial Projects industry, within the Realty sector. It trades on the NSE as EMBDL and on the BSE under scrip code 532832. Its ISIN is INE069I01010.
Incorporated in 2006, Embassy Developments Ltd is a real estate developer of residential, commercial, and SEZ projects. [1]
Embassy Developments Limited is a publicly listed real estate developer formed by merging the legacy Indiabulls Real Estate platform with Embassy Group development assets and Blackstone partnership, operating residential and commercial development projects across eight cities with a portfolio of over 38 million square feet and a large, multi‑year landbank of c.3,100 acres.
The merged entity reports a substantial development pipeline and order visibility: management states total GDV of c. Rs. 52,000 crores, a three‑year near‑term GDV aggregation of c. Rs. 41,000 crores on fully paid land, and RERA approvals for projects worth ~Rs. 13,500 crores, providing strong visibility into launches and cash flows over the next few years.
Listed peers in Residential, Commercial Projects: SignatureGlobal India Ltd, Mahindra Lifespace Developers Ltd, Max Estates Ltd, Ganesh Housing Ltd, Sri Lotus Developers & Realty Ltd, Kalpataru Ltd.
Valuation & Returns
10 Jul 2026At ₹66.12 a share on 10 Jul 2026, Embassy Developments Ltd (EMBDL) was valued at a price-to-book of 3.34x on a book value of ₹19.8 per share as of Mar 2024. Solomo computes return on equity of -31.88% and return on capital employed of -11.49% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- Industry P/E
- 33.91x
- P/B
- 3.34x
- EPS (TTM)
- ₹-6.31
- Book value / share
- ₹19.8
- ROE
- -31.88%
- ROCE
- -11.49%
- ROA
- -15.01%
- Debt / equity
- 0.11x
- Dividend yield
- 0%
- EBITDA margin
- -17.5%
- 52-week range
- ₹39.38 – ₹121.85
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Embassy Developments Ltd (EMBDL) reported revenue of ₹1,732 crore, net profit of ₹-872 crore and earnings per share of ₹-6.28. That compares with revenue of ₹2,180 crore and net profit of ₹194 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹342 crore and net profit ₹-323 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,445 | 587 | 414 | 2,180 | 1,732 |
| Net profit (₹ cr) | -137 | -608 | -1,038 | 194 | -872 |
| EPS (₹) | -3 | -11.23 | -19.17 | 1.63 | -6.28 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 70.46% | 42.24% | - | 426.81% |
| Profit growth | 16.75% | - | - | 119.54% |
| Stock price CAGR | -3% | -15% | -2% | -45% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 42.65% of Embassy Developments Ltd (EMBDL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 23.43% and domestic institutional investors (DII) hold 3.02%. Promoters have pledged 64.9% of their holding. Market capitalisation was ₹9,195 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2010.
Largest disclosed public shareholders in Jun 2026: NCL SG Holdings Pte Ltd 7.96%, FLORENCE INVESTMENT LTD 5.99%, BAILLIE GIFFORD PACIFIC FUND A SUB FUND OF BAILLIE 2.64%, QUANT MUTUAL FUND 2.59%, HUF 1.67%, WWD PEARL LTD 1.34%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 42.65% | 64.9% | 23.43% | 3.02% | 57.31% |
| Mar 2026 | 42.65% | 68.2% | 24.06% | 3.26% | 57.31% |
| Dec 2025 | 42.65% | 47.7% | 25.3% | 3.38% | 57.31% |
| Sep 2025 | 42.66% | 33.6% | 26.65% | 3.64% | 57.29% |
| Jun 2025 | 42.44% | 33.9% | 28.13% | 3.66% | 57.52% |
| Mar 2025 | 43.36% | - | 15.93% | 3.53% | 56.59% |
| Dec 2024 | 0% | - | 29.79% | 5.38% | 99.91% |
| Sep 2024 | 0% | - | 30.14% | 5.02% | 99.91% |