| Market Cap | ₹329.6 CrSmall Cap |
|---|---|
| P/E TTM | 268.1Sector 35.2 |
| 1-Year Return | 136.8%Price Performance |
| Deal value | ₹1.5 Cr |
| Share of market cap | 0.5% |
| Share of annual revenue | 63.6% |
Key highlights
- Promoter Arjunkumar Patel converted 13,60,000 warrants into equity shares on October 30, 2026
- The total transaction value was ₹1.50 crore, based on a net purchase value of ₹1,49,60,000
- Post-conversion individual shareholding reached 53,74,031 shares or 25.21% of diluted capital
- Transaction value represents 63.6% of the company's trailing twelve-month revenue of ₹2.36 crore
- Equity share capital expanded to ₹21.32 crore following the warrant conversion exercise
Details of the Warrant Conversion and Stake Change
Arjunkumar Jagdishbhai Patel, a promoter and Whole Time Director of Emrock Corporation Ltd, has converted 13,60,000 warrants into equity shares of face value ₹10 each. This acquisition, finalized on October 30, 2026, was conducted at a net purchase value of ₹1.50 crore. Following this conversion, Patel's individual holding in shares carrying voting rights increased from 40,14,031 to 53,74,031 shares.
While his absolute share count rose, his percentage holding shifted from 25.37% to 25.21% due to the expansion of the company's total paid-up equity capital to 2,13,20,000 shares. This transaction highlights continued promoter commitment amid a broader capital restructuring for the target company.
Financial Context and Quarterly Performance
The ₹1.50 crore warrant conversion represents a significant 63.6% of Emrock Corporation's trailing twelve-month revenue of ₹2.36 crore. For the quarter ended June 30, 2026, the company reported operating revenue of ₹0.45 crore, marking a 203.11% increase compared to the same period the previous year. However, net profit for the same quarter declined by 96.74% year-on-year to ₹0.19 crore.
Despite the profit volatility, operating margins improved to 49.84% from 35.2% a year ago. The company currently carries a market capitalization of ₹329.61 crore, with its stock trading at a price-to-earnings multiple of 268.13, significantly higher than the industry average of 35.19.
Strategic Pivot into Renewable Energy Infrastructure
- Signed 25-year Power Purchase Agreements for 12 MW solar power projects with UGVCL on October 23, 2026
- Total solar power supply commitments reached 40 MW as of late October 2026
- Targeting commercial operation of a 24 MW AC solar PV project in Gujarat by May 24, 2027
- Commissioning of a 1,600 TPA Bio-CNG plant at subsidiary Emrock Energy scheduled for June 30, 2027
- Scheduled board meeting on November 04, 2026, to approve financial results for Q2 and H1 FY27
| Date | Announcement | Amount |
|---|---|---|
| 23 Oct 2026 | Confirmation of 25-year Power Purchase Agreements with UGVCL for 12 MW solar power projectsSource: vyqon.in | – |
What to watch next
- Board meeting to consider and approve Q2 FY27 financial results on November 04, 2026
- Commercial operation of 24 MW AC solar PV project across Gujarat by May 24, 2027
- Commissioning of 1,600 TPA Bio-CNG plant at Emrock Energy by June 30, 2027
| Share price | ₹208.35 |
|---|---|
| Market capitalisation | ₹329.61 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) | 268.13×Sector 22.77× |
| 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 announcing the conversion of warrants into equity shares by a promoter. Market figures from a third-party data provider.
