EMS Limited order book rises to Rs 3,152.78 crore by September

EMS Limited reported an order book of Rs 3,152.78 crore, including operations and maintenance, on September 30, 2026, up Rs 763.38 crore from Rs 2,389.40 crore on September 30, 2025. EMS Ltd disclosed water, sewerage and highway user-fee contracts, awards and L1-status bids during the September 2026 quarter.

What lifted EMS Ltd's order book by September 2026?

EMS Ltd said its order book, including operations and maintenance (O&M), was Rs 3,152.78 crore at September 30, 2026, compared with Rs 2,389.40 crore a year earlier. The increase of Rs 763.38 crore coincided with nine disclosed contract, letter or bid-status developments during the quarter ended September 30, 2026.

The reported backlog includes O&M commitments as well as construction work. The Rs 218.65 crore Rajasthan sewerage project includes 10 years of O&M after an 18-month execution period, while the Kota and Udaipur water schemes include five years of O&M after a one-year defect-liability period.

Which new projects had the largest disclosed values?

EMS Ltd's largest disclosed item was a Rs 222.4582 crore L1-status water-infrastructure project in Udaipur from Rajasthan's Public Health Engineering Department. The scope includes intake wells, water treatment plants (WTPs) with total proposed capacity of 76.5 million litres a day, pumping stations and about 185.4 kilometres of distribution pipeline.

The next-largest item was an Rs 218.65 crore L1-status sewerage project spanning six urban local bodies in Rajasthan's Ganganagar, Hanumangarh and Churu districts. It covers sewerage systems, sewage treatment plants (STPs), and the laying, jointing, testing and commissioning of networks, with an 18-month execution period.

The stated values do not use a uniform tax basis. The Udaipur, six-local-body, Kota, Delhi and Jodhpur values include goods and services tax, while the two Varanasi packages exclude it. The Jodhpur value also excludes approximately Rs 6.90 crore of O&M, which the company disclosed separately.

What work is covered by the Rajasthan projects?

EMS Ltd's Rs 190.8627 crore Kota project includes a 100 million litres a day WTP near Shivaji Park, an 800-kilolitre break-pressure tank and 10,665 metres of clear-water rising main. Its work also covers distribution systems in Kota North zones 12, 15 and 16, plus a 1,500-kilolitre clear-water reservoir, pump house and 1,500-kilolitre overhead service reservoir.

The Rs 222.4582 crore Udaipur scheme has a broader network scope than the Kota project, covering water treatment capacity of 76.5 million litres a day and around 185.4 kilometres of distribution pipeline. It also includes supervisory control and data acquisition systems, electrical and instrumentation work, road restoration and geographic-information-system as-built drawings under the Udaipur water-supply augmentation scheme.

The Rs 129.8013 crore Jodhpur project differs by focusing on sewerage rather than water supply. It covers new sewer lines in left-out areas and redesigning and rejuvenating old or damaged sewer lines and lateral sewerage systems in Jodhpur City over 24 months.

Which projects had awards or letters rather than L1 status?

EMS Ltd said it received a letter of award for Rs 102.8476 crore of sewer-network and house-connection work in four Varanasi wards: Shivpurwa, Tulasipur, Birdopur and Kajipura. The work is part of a programme covering 18 problematic wards in Nagar Nigam Varanasi.

The Rs 105.8165 crore Ramnagar Zone package in Varanasi had both L1 status and a letter of award during the September 2026 quarter. Its scope includes a 10 million litres a day STP with co-treatment plant, a sewage pumping station, rising main, sewer network and sewer house connections.

Delhi Jal Board's Rs 158.2857 crore Tikri Kalan sewer-line work had L1 status and a letter of intent, with a stated 15-month execution period. Separately, EMS Ltd reported H1 status and a letter of award for the Rs 19.9127 crore Bartana Fee Plaza user-fee agency assignment in Haryana, excluding tax collected at source.

How did quarterly performance change alongside the pipeline?

EMS Ltd reported consolidated revenue from operations of Rs 193.90 crore in the quarter ended September 30, 2026, up from Rs 157.24 crore in the quarter ended June 30, 2026. Consolidated earnings before interest, tax, depreciation and amortisation rose to Rs 38.70 crore from Rs 28.14 crore across the same quarters.

Consolidated profit after tax increased to Rs 23.42 crore in the September 2026 quarter from Rs 15.49 crore in the June 2026 quarter. On a standalone basis, EMS Ltd reported operating income of Rs 160.89 crore, earnings before interest, tax, depreciation and amortisation of Rs 35.82 crore, and profit after tax of Rs 22.92 crore for the September quarter.

Construction remained the principal consolidated segment by revenue in the September 2026 quarter. Contractor revenue was Rs 165.33 crore, compared with Rs 27.46 crore from flex sheets and paper products and Rs 99.78 lakh from ready-mix concrete, according to the segment disclosure.

Conclusion

EMS Ltd's reported order book increased by Rs 763.38 crore year on year to Rs 3,152.78 crore at September 30, 2026, including O&M. The disclosed additions included awarded Varanasi work, a Delhi letter of intent, a Haryana user-fee agency award and multiple water and sewerage projects in Rajasthan at L1 status.

The next disclosed milestones to watch are whether the Rs 222.4582 crore Udaipur, Rs 218.65 crore six-local-body Rajasthan, Rs 190.8627 crore Kota and Rs 129.8013 crore Jodhpur L1-status projects progress to awards. EMS Ltd also identified execution periods of 15 months for Tikri Kalan, 18 months for the six-local-body project and 24 months for the Kota, Udaipur and Jodhpur schemes.