Emerald Finance Ltd (EMERALD) – Share Price & Analysis

Price ₹52.51, Market Cap 197.68 (Cr), P/E 13.66x. Score: 77.5/100.

Financial Ratios PE Ratio Shareholding Dividend Quarterly Results Financial Statements

Emerald Finance Ltd Stock Price Today (NSE: EMERALD)

Emerald Finance Ltd

EMERALDNon Banking Financial Company (NBFC)

₹52.51+₹1.41 (+2.76%)

As on 07 Aug 2026, 11:14 am ISTMarket Closed

Fundamental Score

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Emerald Finance Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Emerald Finance Ltd share price today is ₹52.51, up +2.76% on NSE/BSE as of 7 August 2026. Emerald Finance Ltd (EMERALD) is a Small-cap company in the Non Banking Financial Company (NBFC) sector with a market capitalisation of ₹197.68 (Cr). The 52-week high for EMERALD share price is ₹97.00 and the 52-week low is ₹45.23. At a P/E ratio of 13.66x, EMERALD is currently trading below its industry average P/E of 22.18x. The company has a Return on Equity (ROE) of 15.98% and a debt-to-equity ratio of 0.18.

Emerald Finance Ltd Share Price Chart — NSE/BSE Historical Performance

No data

High

₹59.95

Low

₹45.23

Volume

49.1K

Change

-8.21%

Emerald Finance Ltd — Last 10 Trading Days

Date	Open	High	Low	Close	Volume
7 Aug 26	₹50.81	₹52.98	₹50.06	₹52.51	41.62K (Cr)
6 Aug 26	₹53.37	₹53.37	₹51.00	₹51.10	15.22K (Cr)
5 Aug 26	₹53.31	₹53.31	₹50.55	₹51.73	32.19K (Cr)
4 Aug 26	₹52.94	₹53.70	₹51.09	₹53.32	65.11K (Cr)
3 Aug 26	₹52.00	₹53.70	₹50.00	₹51.28	39.68K (Cr)
31 Jul 26	₹50.01	₹51.99	₹49.10	₹50.89	30.88K (Cr)
30 Jul 26	₹50.35	₹51.84	₹48.50	₹49.10	54.67K (Cr)
29 Jul 26	₹53.50	₹53.50	₹50.52	₹51.27	48.26K (Cr)
28 Jul 26	₹51.49	₹54.00	₹50.20	₹52.61	37.87K (Cr)
27 Jul 26	₹51.58	₹51.84	₹45.23	₹49.93	1.75L (Cr)

Emerald Finance Ltd — Last 12 Months Price History

Month	Open	High	Low	Close	Change
Aug 2026	₹52.00	₹53.70	₹50.00	₹52.51	+0.98%
Jul 2026	₹53.97	₹59.95	₹45.23	₹50.89	-5.71%
Jun 2026	₹59.00	₹61.80	₹52.00	₹53.97	-8.53%
May 2026	₹65.39	₹68.00	₹55.03	₹57.66	-11.82%
Apr 2026	₹49.29	₹73.70	₹48.12	₹64.11	+30.07%
Mar 2026	₹62.00	₹63.79	₹45.50	₹46.31	-25.31%
Feb 2026	₹68.50	₹71.39	₹60.25	₹63.13	-7.84%
Jan 2026	₹80.29	₹83.89	₹64.00	₹69.03	-14.02%
Dec 2025	₹83.39	₹84.00	₹72.00	₹79.50	-4.66%
Nov 2025	₹84.98	₹93.00	₹80.11	₹80.44	-5.34%
Oct 2025	₹77.00	₹97.00	₹74.01	₹83.97	+9.05%
Sept 2025	₹74.65	₹87.00	₹70.04	₹75.44	+1.06%

AI Research Briefing

Micro-cap NBFC betting its future on the unproven early wage access model; watch for execution and credit quality.

Research Confidence

6.0/10Moderate

MICRO-CAP DARK HORSEConsolidation - 1M: -5.11%, 3M: 8.08%, 6M: -7.04%Fair - P/E of 23.09x vs Industry P/E of 22.03x

WHAT'S HAPPENING NOW (last 2-4 weeks)

Emerald Finance has been actively expanding its Early Wage Access (EWA) program through partnerships. They've recently tied up with Ebix Corporate Services Pvt Ltd (April 9, 2026), Capital Depot in Chandigarh (April 7, 2026), and Punjab Angels Network (April 1, 2026). Shares saw a 3.86% rise on April 6, 2026, following news of EWA expansion.

CORE STORY (THE REAL GAME)

Emerald Finance is pivoting towards becoming a fintech player focused on early wage access for MSME employees, leveraging technology for efficient loan disbursement and recovery.

WHAT IS DRIVING THE STOCK

EWA Partnerships: The market is reacting positively to Emerald's expansion of its EWA program, viewing it as a growth driver.

YoY Growth: Q3 FY26 results showed a 36.36% YoY increase in revenue and a 61.29% YoY increase in net profit.

BULL vs BEAR

Bull:EWA is a high-growth market. Emerald's early mover advantage and partnerships will drive significant revenue growth.

Bear:Micro/SME cap NBFCs face high credit risk and liquidity crunches. Operational challenges and delinquencies have impacted the company. The stock hit a 52-week low recently.

WHAT MARKET IS PRICING

The market is pricing in rapid growth from the EWA program. If adoption is slower than expected or credit quality deteriorates, the stock will correct sharply.

BOTTOM LINE

Emerald Finance is a micro-cap NBFC attempting a high-risk, high-reward pivot to early wage access; liquidity risk is ever-present, and execution is everything.

Why Now

EWA partnerships gaining traction
Q3 FY26 YoY profit growth of 61.29%
Strategic shift towards digital lending

Potential Catalysts

Successful onboarding of new employers for EWA
Significant increase in EWA loan disbursements
Improvement in asset quality and reduction in NPAs

Key Risks

Micro/SME cap: high liquidity risk
Operational challenges and delinquencies reported
High credit risk in unsecured lending to MSMEs

Institutional Activity

FII reduced stake by 4.22%

Macro Context

NBFC sector benefiting from RBI's focus on growth, but faces risks from potential global instability

Order Book / Expansion

Partnerships with Ebix Corporate Services, Capital Depot, and Punjab Angels Network to offer Early-Wage-Access program

Cash Flow Quality

No - Free Cash Flow 5Y: ₹-44.48 Cr

3–6 Month Outlook

EWA program's success will determine the company's trajectory. Monitor loan book growth, asset quality, and partnership integrations over the next 6 months.

Primary Thesis Risk

EWA model fails to gain traction, leading to credit losses and liquidity issues.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Average

Return on Equity (ROE)

15.98%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

21.20%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

63.92%

Average operating profit margin over 5 years

Dividend Yield

0.26%

Annual dividend as % of current share price

Emerald Finance Ltd Valuation Check

Excellent

Price to Earnings (P/E)

13.66x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

22.18x

Average P/E of all peers in this sector

Market-cap Classification

Small-cap

Higher growth potential with higher volatility.

Market Capitalisation

197.68 (Cr)

Total market value of all outstanding shares

Shareholding Pattern

Excellent

Promoter Holding

59.70%

% shares held by company founders/management

Poor

FII Holding

1.78%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

58.20%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

51.16%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

41.73%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

54.10%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

59.54%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.18x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

8.57x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-58.00 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Emerald Finance Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of EMERALD across key market metrics for learning purposes.

Positive Indicators

13 factors identified

Strong Return on Equity (15.98%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (21.20%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Strong Operating Margins (63.92%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Attractive Valuation (P/E: 13.66 vs Industry: 22.18)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (58.20%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (51.16%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Consistent Growth Track Record (41.73% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (54.10% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (59.54% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.18)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (8.57x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (59.70%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

2 factors identified

Negative Free Cash Flow (₹-58.00 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 1.78%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Emerald Finance Ltd vs Non Banking Financial Company (NBFC) Peers

Peer Comparison - Non Banking Financial Company (NBFC)

Compare Emerald Finance Ltd with 10 other companies in the same sector

11 companies

Company Info	Fundamental Overall score	Valuation Price metrics	Profitability Return metrics		Financial Health Debt management	Growth 5Y performance		Dividend Yield %
Company Company name	Score Bull Run comprehensive fundamental score based on 20+ metrics	Price Current trading price of the stock	Market Cap Total value of all shares in the market	P/E Price per share divided by earnings per share	ROE Net income divided by shareholder equity	ROCE Earnings before interest and tax divided by capital employed	Debt/Eq Total debt divided by total equity	Profit 5Y Average annual profit growth over 5 years	Sales 5Y Average annual sales growth over 5 years	Dividend Annual dividend per share divided by price per share
Emerald Finance LtdEmerald Finance...Selected✓ EMERALD • 538882	77.5/100	₹52.51₹53	₹197.68₹197.68	13.66Average 13.7 Average	15.98%Good 15.98% Good	21.20%Excellent 21.20% Excellent	0.18Excellent 0.2 Excellent	59.54%Excellent 59.54% Excellent	41.73%Excellent 41.73% Excellent	0.26%
Bajaj Finance LtdBajaj Finance L... BAJFINANCE • 500034	62.4/100	₹1141.20₹1141	₹635919.89₹635919.89	33.08Average 33.1 Average	18.25%Good 18.25% Good	10.87%Average 10.87% Average	3.82Poor 3.8 Poor	34.15%Excellent 34.15% Excellent	25.18%Excellent 25.18% Excellent	0.53%
Shriram Finance LtdShriram Finance... SHRIRAMFIN • 511218	48.8/100	₹1046.70₹1047	₹243379.83₹243379.83	24.27Average 24.3 Average	16.39%Good 16.39% Good	11.49%Average 11.49% Average	3.80Poor 3.8 Poor	32.03%Excellent 32.03% Excellent	22.54%Excellent 22.54% Excellent	1.04%
Cholamandalam Investment and Finance Company LimitedCholamandalam I... CHOLAFIN • 511243	65.8/100	₹1849.90₹1850	₹153802.44₹153802.44	29.36Average 29.4 Average	19.35%Good 19.35% Good	9.71%Poor 9.71% Poor	6.93Poor 6.9 Poor	28.05%Excellent 28.05% Excellent	26.56%Excellent 26.56% Excellent	0.11%
Muthoot Finance LtdMuthoot Finance... MUTHOOTFIN • 533398	73.9/100	₹3119.60₹3120	₹121113.00₹121113.00	11.44Average 11.4 Average	30.92%Excellent 30.92% Excellent	15.77%Good 15.77% Good	3.88Poor 3.9 Poor	22.71%Excellent 22.71% Excellent	22.03%Excellent 22.03% Excellent	0.99%
L&T Finance LtdL&T Finance Ltd... LTF • 533519	55.2/100	₹311.25₹311	₹78301.66₹78301.66	24.45Average 24.4 Average	11.22%Average 11.22% Average	8.40%Poor 8.40% Poor	3.94Poor 3.9 Poor	32.35%Excellent 32.35% Excellent	6.05%Good 6.05% Good	0.88%
HDB Financial Services LimitedHDB Financial S... HDBFS • 544429	54.3/100	₹686.35₹686	₹62415.22₹62415.22	22.61Average 22.6 Average	13.94%Average 13.94% Average	9.09%Poor 9.09% Poor	4.80Poor 4.8 Poor	45.37%Excellent 45.37% Excellent	10.99%Good 10.99% Good	0.53%
SBI Cards and Payment Services LtdSBI Cards and P... SBICARD • 543066	43.9/100	₹660.15₹660	₹60979.59₹60979.59	28.14Average 28.1 Average	14.69%Average 14.69% Average	10.10%Average 10.10% Average	2.80Poor 2.8 Poor	17.08%Excellent 17.08% Excellent	16.43%Excellent 16.43% Excellent	0.39%
Sundaram Finance LtdSundaram Financ... SUNDARMFIN • 590071	29.5/100	₹4665.60₹4666	₹50074.63₹50074.63	23.75Average 23.8 Average	15.01%Good 15.01% Good	9.44%Poor 9.44% Poor	4.68Poor 4.7 Poor	12.69%Good 12.69% Good	13.23%Good 13.23% Good	0.89%
Authum Investment & Infrastructure LtdAuthum Investme... AIIL • 539177	23.9/100	₹539.30₹539	₹42560.25₹42560.25	22.04Average 22.0 Average	13.13%Average 13.13% Average	13.67%Average 13.67% Average	0.23Excellent 0.2 Excellent	— —	— —	0.04%
Poonawalla Fincorp LtdPoonawalla Finc... POONAWALLA • 524000	54.9/100	₹463.55₹464	₹41881.04₹41881.04	77.14Average 77.1 Average	5.86%Poor 5.86% Poor	7.51%Poor 7.51% Poor	4.68Poor 4.7 Poor	24.33%Excellent 24.33% Excellent	23.97%Excellent 23.97% Excellent	0.00%

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By Bull Run Score

By Return on Equity

Muthoot Finance Ltd share price30.92%
Cholamandalam Investment and Finance Company Limited share price19.35%
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By Market Cap

Bajaj Finance Ltd share price635919.89 Cr
Shriram Finance Ltd share price243379.83 Cr
Cholamandalam Investment and Finance Company Limited share price153802.44 Cr
Muthoot Finance Ltd share price121113.00 Cr
L&T Finance Ltd share price78301.66 Cr

Emerald Finance Ltd PE Ratio History

Historical price-to-earnings ratio for EMERALD — last 5 years

Year	EPS (₹)	Price (₹)	P/E Ratio
FY 2025	₹2.57	₹79.50	30.9x
FY 2024	₹1.37	₹125.90	91.7x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Emerald Finance Ltd Quarterly Performance

Latest quarterly metrics for EMERALD — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

51.16%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

58.20%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

41.73%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

59.54%

Compounded annual net profit growth over 5 years

Emerald Finance Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for EMERALD — calculated from daily price history

Neutral — RSI 38

Momentum is balanced — neither overbought nor oversold.

SMA 50

₹56

▼ Price below SMA 50 — Short-term bearish

SMA 200

₹67

▼ Price below SMA 200 — Long-term downtrend

30-Day Avg Volume

44K shares/day

Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Emerald Finance Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Emerald Finance Ltd (EMERALD) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Emerald Finance Ltd

About EMERALD (Emerald Finance Ltd)

Emerald Finance Ltd (EMERALD) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Non Banking Financial Company (NB...FC) sector with a current market capitalisation of ₹197.68 (Cr). Emerald Finance Ltd has delivered a Return on Equity (ROE) of 15.98% and a ROCE of 21.20%. The debt-to-equity ratio stands at 0.18, reflecting the company's capital structure. Investors tracking EMERALD share price can monitor key metrics including P/E ratio, promoter holding of 59.70%, and quarterly earnings growth.