| Market Cap | ₹363.86 CrSmall Cap |
|---|---|
| P/E Ratio TTM | 295.99xSector 27.89x |
| 1-Year Return | 156.41%Price Performance |
| Deal value | ₹1.97 Cr |
| Share of market cap | 0.5% |
| Share of annual revenue | 83.5% |
Key highlights
- Acquisition of 17,93,712 equity shares at a face value of ₹10 each
- Net purchase value of the transaction stands at ₹1,97,30,832
- Transaction executed via preferential allotment through warrant conversion
- Total promoter group holding reached 70,09,684 shares post-conversion
- The acquisition represents 6.24 percent of the total post-issue paid-up capital
Preferential Conversion Bolsters Promoter Stake
Jatinkumar Tulsibhai Patel, Managing Director of Emrock Corporation, executed the conversion of warrants into equity shares on November 3, 2026, consolidating promoter ownership. The deal value of ₹1.97 crore is significant relative to the company's annual operations, representing approximately 83.5 percent of its TTM revenue of ₹2.36 crore. This equity infusion comes as the stock maintains a 156.41 percent price appreciation over the last twelve months.
While the current TTM price-to-earnings ratio of 295.99x is elevated compared to the industry average of 36.55x, the move reflects a direct capital commitment from the leadership during a period of high momentum.
Capital Structure and Shareholding Shifts
- Post-acquisition equity capital expanded to 2,87,55,491 shares of ₹10 each
- Acquirer holding with Persons Acting in Concert reached 70,09,684 shares
- Individual acquisition volume of 17.93 lakh shares settled on November 3 2026
- Transaction brings the total group stake to 24.38 percent of diluted capital
- Company formerly operated under the name Vaghani Techno-build Limited
Business Operations and Solar Strategic Interests
Emrock Corporation, categorized within the food and beverages sector, has recently diversified into renewable energy commitments. As of October 23, 2026, the company confirmed solar power supply commitments totaling 40 MW to Uttar Gujarat Vij Company Ltd. Financially, the company reported an operating revenue of ₹0.45 crore for the quarter ended June 30, 2026, reflecting a year-on-year growth of 203.11 percent.
However, net profit for the same period saw a sharp decline of 96.74 percent compared to the previous year. The promoter group's overall holding was last recorded at 74.63 percent, indicating a highly concentrated ownership structure ahead of this new equity issuance.
What to watch next
- Board meeting to consider and approve Q2 and H1 FY27 financial results on November 4, 2026
- Execution milestones for the 40 MW solar power supply commitment to UGVCL
- Impact of expanded equity base on Basic EPS, currently standing at 0.78 TTM
| Share price | ₹230 |
|---|---|
| Market capitalisation | ₹363.86 Cr |
| Revenue (annual) | ₹2.06 Cr |
| Net profit (annual) | ₹1.21 Cr |
| Revenue (latest quarter) | ₹0.45 Cr-52.28% vs previous quarter |
| Net profit (latest quarter) | ₹0.19 Cr-53.66% vs previous quarter |
| P/E (TTM) | 295.99×Sector 27.89× |
| Promoter holding | 74.63%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Emrock Corporation Ltd disclosing a change in shareholding under SAST Regulation 29(2). Market figures from a third-party data provider.
