
About Equinox India Developments
Equinox India Developments is a publicly listed company based in Mumbai (India) founded in 2005. Residential and commercial properties are developed in India. The company has 404 employees. Its Indian entity Embassy Developments Limited reported revenue of ₹1,906 Cr. Equinox India Developments offers products and services including Residential Townships, Commercial Spaces, and Special Economic Zones. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Its competitors include Lodha Group and Godrej Properties.
Company details
Equinox India Developments was established in 2005 and is based in Mumbai, India. Operations are centered on the real estate sector, where residential and commercial properties are developed. Services encompass project planning, construction, and management for various urban developments. Focus is placed on the Indian market, particularly in the Mumbai region, with activities supporting both housing and business infrastructure needs.
- Headquarters Mumbai, India
- Employees 404
- Stage Public
- SectorsReal Estate & Construction
- Website equinoxindia.com
- Social LinkedIn X Facebook
- Legal Name Embassy Developments Limited
- Market Cap₹7,491 Cr
EMBDL · NSE
- Share Price₹53.51
+1.65% today
- Revenue₹1,732 Cr
FY 2025-26 · -20.5% YoY
- EBITDA−₹474 Cr
Margin -27.4%
- Net Profit−₹882 Cr
FY 2025-26 · -6297.5% YoY
- Debt / Equity0.52
Interest cover -105.4x
- Latest Funding Round$1.2M (USD), Post-IPO
Apr 2024
- InvestorsSociété Générale
& 6 more
- Employee Count404
Associated legal entities of Equinox India Developments
Equinox India Developments operates through Embassy Developments Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Embassy Developments Limited Listed CIN L45101HR2006PLC095409 | Active | 04 Apr 2006 | Gurugram, Haryana | ₹1,906 Cr | 1 | 11 | View details |
Products & Services of Equinox India Developments
Equinox India Developments offers a comprehensive portfolio of products and services, including Residential Townships, Commercial Spaces, and Special Economic Zones.
Develops luxury housing projects with amenities like parks.
Provides office and retail areas in urban centers.
Creates business zones for industrial and commercial use.
Funding Insights of Equinox India Developments
- Total Rounds 6
- Last Round Post-IPO — $1.2M
- Investors Count 7
All 6 funding rounds of Equinox India Developments with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $1.2M | Post-IPO | – | – | |
| Apr 2022 | $113.37M | Post-IPO | – | – | |
| Nov 2021 | $10.07M | Post-IPO | – | – | – |
| Nov 2020 | Post-IPO | – | – | ||
| Jun 2017 | $77.35M | Post-IPO | – | – | – |
| Jun 2012 | Post-IPO | – | – |
7 investors in total: 7 institutional.
Investors in Equinox India Developments
Equinox India Developments has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Société Générale, Morgan Stanley and Authum Investment & Infrastructure.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Diversified investments in infrastructure and other sectors are managed. | 1982 | authum.com | Mumbai, India | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Full-service corporate advisory is provided to global clients. | 1864 | societegenerale.com | Paris, France | |
Diversified investment management services are provided by the firm. | 1908 | bailliegifford.com | Edinburgh, United Kingdom | |
Provider of stock trading services | Mumbai, India | |||
Real estate projects including apartments, villas, and offices are developed. | 1993 | embassyindia.com | Bengaluru, India |
Investor details for Equinox India Developments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Embassy Developments Limited (Equinox India Developments)
Embassy Developments Limited is the primary company behind Equinox India Developments. The board of Embassy Developments Limited currently have 8 directors; the longest-serving is Kulumani Gopalratnam Krishnamurthy, appointed in 2021. 31 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kulumani Gopalratnam Krishnamurthy DIN 00012579 | Director | 09 Nov 2021 | 5 yrs | Embassy Developments Limited |
| Sachin Shah DIN 00387166 | Whole-time director | 27 Feb 2023 | 3 yrs 8 mo | Embassy Developments Limited |
| Javed Tapia DIN 00056420 | Director | 27 Feb 2023 | 3 yrs 8 mo | Embassy Developments Limited |
| Shyamm Mariwala DIN 00350235 | Director | 01 Mar 2023 | 3 yrs 8 mo | Embassy Developments Limited |
| Tarana Lalwani DIN 01940572 | Director | 01 Mar 2023 | 3 yrs 8 mo | Embassy Developments Limited |
| Jitendra Mohandas Virwani DIN 00027674 | Director | 25 Jan 2025 | 1 yr 9 mo | Embassy Developments Limited |
| Rajesh Kaimal DIN 03158687 | Whole-time director | 25 Feb 2025 | 1 yr 8 mo | Embassy Developments Limited |
| Aditya Virwani DIN 06480521 | Managing Director | 25 Feb 2025 | 1 yr 8 mo | Embassy Developments Limited |
IPO & Listings of Equinox India Developments
Equinox India Developments is a publicly listed company on the NSE with ticker symbol EMBDL in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date23 Mar 2007
- Listed onNSE: EMBDL · BSE: 532832
- Listed entityEmbassy Developments Limited
- Exchange sectorFinance
- ISININE069I01010
- Share price₹55.46 (+0.74% on the day) · 2026-10-14
- Market capitalisation₹7,649 Cr
- Price to earnings29.4
- EPS (diluted, trailing year)₹-6.81
- Volume (last session)1,773,965
Financials of Equinox India Developments
Exchange-reported figures of Embassy Developments Limited, the listed company behind Equinox India Developments (NSE: EMBDL).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,732 | 2,180 | 414 | 587 | 1,445 | 1,521 | 3,271 |
| Revenue growth | -20.5% | +426.7% | -29.5% | -59.4% | -5.0% | -53.5% | - |
| EBITDA | (474) | 135 | (1,057) | (585) | (1.49) | 180 | 720 |
| EBITDA margin | -27.4% | +6.2% | -255.5% | -99.6% | -0.1% | +11.8% | +22.0% |
| Profit before tax | (897) | 27.31 | (1,023) | (563) | (26.99) | 75.20 | 378 |
| Net profit | (882) | (13.78) | (418) | (403) | (140) | 4.22 | 144 |
| Net profit margin | -50.9% | -0.6% | -101.0% | -68.6% | -9.7% | +0.3% | +4.4% |
| EPS (₹) | (6.28) | 1.63 | (19.20) | (11.24) | (3.02) | 0.10 | 2.65 |
| Balance sheet | |||||||
| Total assets | 16,637 | 14,556 | 3,250 | 4,113 | 4,936 | 4,899 | 6,494 |
| Net worth | 9,868 | 9,321 | 2,753 | 3,656 | 3,415 | 3,482 | 3,558 |
| Total debt | 5,322 | 4,607 | 307 | 268 | 1,329 | 1,223 | 2,737 |
| Cash & bank | 1,002 | 415 | 129 | 137 | 121 | 197 | 375 |
| Net working capital | 10,102 | 8,045 | 2,829 | 3,672 | 4,213 | 4,229 | 5,540 |
| Cash flow | |||||||
| Cash from operations | 44.48 | 1,461 | (97.28) | (343) | (248) | 853 | (432) |
| Cash from investing | (73.94) | 574 | 95.59 | 661 | 280 | 971 | 1,768 |
| Cash from financing | 629 | (1,971) | (8.46) | (331) | (63.81) | (1,791) | (1,890) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 292 | 217 | 342 | 213 | 494 | 681 | 889 | 325 |
| Revenue growth (YoY) | -40.8% | -68.2% | -61.5% | -34.6% | +3.9% | +39.0% | - | - |
| Other income | 18.96 | 24.53 | 68.78 | 51.62 | 43.44 | 13.13 | 294 | 3.85 |
| EBITDA | (150) | (131) | (261) | (156) | (51.41) | (10.76) | (20.18) | 94.02 |
| EBITDA margin | -51.3% | -60.3% | -76.2% | -73.5% | -10.4% | -1.6% | -2.3% | +28.9% |
| Depreciation | 13.72 | 12.98 | 12.61 | 20.02 | 8.53 | 6.71 | 5.42 | 2.80 |
| Interest | 136 | 119 | 140 | 113 | 135 | 160 | 139 | 106 |
| Profit before tax | (281) | (238) | (345) | (238) | (152) | (165) | 129 | (11.23) |
| Tax | (7.48) | 0.29 | (19.30) | (5.06) | 0.48 | 0.84 | 6.22 | 15.00 |
| Net profit | (273) | (238) | (326) | (233) | (152) | (166) | 123 | (26.23) |
| EPS (₹) | (1.95) | (1.69) | (2.33) | (1.68) | (1.12) | (1.29) | 0.90 | (0.33) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 412 | 2,107 | 1,070 | 2.78 | 0.00 | 5.96 | 363 |
| Revenue growth | -80.4% | +96.9% | - | - | -100.0% | -98.4% | - |
| EBITDA | (191) | 264 | 3.61 | (406) | (17.80) | (16.54) | (11.49) |
| EBITDA margin | -46.4% | +12.5% | +0.3% | - | - | -277.5% | -3.2% |
| Profit before tax | (296) | 52.30 | (393) | (396) | (55.26) | (139) | (50.53) |
| Net profit | (299) | 222 | (342) | (15.43) | (57.00) | (141) | (45.94) |
| Net profit margin | -72.7% | +10.5% | -32.0% | -555.0% | - | -2370.8% | -12.7% |
| EPS (₹) | (2.04) | 2.16 | (6.32) | (7.33) | (1.25) | (3.09) | (1.88) |
| Balance sheet | |||||||
| Total assets | 13,312 | 12,890 | 3,472 | 6,888 | 6,854 | 6,845 | 8,745 |
| Net worth | 11,300 | 10,171 | (734) | 6,740 | 6,338 | 6,322 | 6,449 |
| Total debt | 1,978 | 2,696 | 4,199 | 148 | 516 | 523 | 2,296 |
| Cash & bank | 314 | 110 | 78.75 | 67.20 | 18.26 | 60.49 | 256 |
| Net working capital | 1,855 | (379) | 77.21 | 3,667 | 2,901 | 2,982 | 4,709 |
| Cash flow | |||||||
| Cash from operations | (178) | 580 | 70.39 | 16.69 | 5.54 | (12.79) | 111 |
| Cash from investing | 34.41 | 858 | (337) | (455) | 47.36 | 1,946 | 1,897 |
| Cash from financing | 352 | (1,413) | 189 | 438 | (47.49) | (1,941) | (2,020) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.69 | 12.95 | 95.81 | 40.52 | 165 | 119 | 589 | 295 |
| Revenue growth (YoY) | -55.5% | -89.1% | -83.7% | -86.3% | -59.3% | -85.6% | - | - |
| Other income | 16.30 | 14.17 | 44.69 | 9.67 | 48.58 | 6.79 | 12.63 | 3.80 |
| Total expenses | 104 | 86.41 | 176 | 106 | 192 | 132 | 560 | 233 |
| EBITDA | (30.37) | (73.46) | (80.23) | (65.32) | (26.39) | (13.38) | 28.72 | 62.29 |
| EBITDA margin | -41.2% | -567.3% | -83.7% | -161.2% | -15.9% | -11.3% | +4.9% | +21.1% |
| Depreciation | 8.01 | 7.85 | 7.06 | 11.04 | 7.43 | 5.60 | 4.65 | 2.81 |
| Interest | 42.62 | 22.43 | 40.40 | 14.33 | 56.31 | 78.17 | 86.85 | 58.92 |
| Profit before tax | (64.70) | (89.57) | (83.00) | (81.02) | (41.55) | (90.36) | (50.15) | 4.36 |
| Tax | (0.89) | 0.72 | (3.18) | (7.06) | (1.08) | (1.57) | (2.86) | 1.48 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 292 | 217 | 342 | 213 | 494 | 681 | 889 | 325 |
| Revenue growth (YoY) | -40.8% | -68.2% | -61.5% | -34.6% | +3.9% | +39.0% | - | - |
| Other income | 18.96 | 24.53 | 68.78 | 51.62 | 43.44 | 13.13 | 294 | 3.85 |
| EBITDA | (150) | (131) | (261) | (156) | (51.41) | (10.76) | (20.18) | 94.02 |
| EBITDA margin | -51.3% | -60.3% | -76.2% | -73.5% | -10.4% | -1.6% | -2.3% | +28.9% |
| Depreciation | 13.72 | 12.98 | 12.61 | 20.02 | 8.53 | 6.71 | 5.42 | 2.80 |
| Interest | 136 | 119 | 140 | 113 | 135 | 160 | 139 | 106 |
| Profit before tax | (281) | (238) | (345) | (238) | (152) | (165) | 129 | (11.23) |
| Tax | (7.48) | 0.29 | (19.30) | (5.06) | 0.48 | 0.84 | 6.22 | 15.00 |
| Net profit | (273) | (238) | (326) | (233) | (152) | (166) | 123 | (26.23) |
| EPS (₹) | (1.95) | (1.69) | (2.33) | (1.68) | (1.12) | (1.29) | 0.90 | (0.33) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,732 | 2,180 | 414 | 587 | 1,445 | 1,521 | 3,271 |
| Revenue growth | -20.5% | +426.7% | -29.5% | -59.4% | -5.0% | -53.5% | - |
| Other income | 174 | 367 | 54.95 | 61.70 | 96.59 | 141 | 170 |
| Total expenses | 2,206 | 2,044 | 1,471 | 1,171 | 1,446 | 1,342 | 2,551 |
| Employee cost | 263 | 107 | 73.19 | 105 | 77.14 | 52.07 | 114 |
| EBITDA | (474) | 135 | (1,057) | (585) | (1.49) | 180 | 720 |
| EBITDA margin | -27.4% | +6.2% | -255.5% | -99.6% | -0.1% | +11.8% | +22.0% |
| Depreciation | 47.87 | 14.76 | 11.32 | 12.13 | 12.15 | 17.25 | 30.76 |
| Interest | 550 | 461 | 9.24 | 27.64 | 110 | 228 | 481 |
| Profit before tax | (897) | 27.31 | (1,023) | (563) | (26.99) | 75.20 | 378 |
| Tax | (23.04) | (176) | 15.56 | 44.92 | 110 | 70.47 | 257 |
| Net profit | (882) | (13.78) | (418) | (403) | (140) | 4.22 | 144 |
| Net profit margin | -50.9% | -0.6% | -101.0% | -68.6% | -9.7% | +0.3% | +4.4% |
| EPS (₹) | (6.28) | 1.63 | (19.20) | (11.24) | (3.02) | 0.10 | 2.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 278 | 244 | 533 | 533 | 90.60 | 90.31 | 90.93 |
| Reserves & surplus | 9,590 | 8,476 | 2,220 | 3,122 | 2,899 | 2,967 | 3,042 |
| Shareholders' funds (net worth) | 9,868 | 9,321 | 2,753 | 3,656 | 3,415 | 3,482 | 3,558 |
| Minority interest | 96.06 | 5.56 | 11.99 | 11.69 | 10.91 | 11.46 | 11.05 |
| Secured loans | 3,209 | 2,910 | 267 | 256 | 1,310 | 1,223 | 2,699 |
| Unsecured loans | 2,113 | 1,697 | 39.13 | 12.49 | 19.17 | 0.70 | 37.90 |
| Total debt | 5,322 | 4,607 | 307 | 268 | 1,329 | 1,223 | 2,737 |
| Total liabilities | 16,637 | 14,556 | 3,250 | 4,113 | 4,936 | 4,899 | 6,494 |
| Assets | |||||||
| Gross block | 6,329 | 6,185 | 155 | 181 | 196 | 187 | 231 |
| Net block | 6,188 | 6,089 | 72.21 | 82.83 | 96.46 | 85.97 | 135 |
| Capital work in progress | 0.70 | 9.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 165 | 97.70 | 158 | 157 | 269 | 145 | 132 |
| Inventories | 12,433 | 12,051 | 4,850 | 4,902 | 5,521 | 6,186 | 7,056 |
| Sundry debtors | 22.84 | 51.54 | 62.93 | 76.02 | 273 | 300 | 80.15 |
| Cash & bank balances | 1,002 | 415 | 129 | 137 | 121 | 197 | 375 |
| Loans & advances | 663 | 546 | 451 | 1,030 | 1,113 | 1,403 | 2,821 |
| Total current assets | 14,121 | 13,064 | 5,493 | 6,146 | 7,028 | 8,086 | 10,333 |
| Total current liabilities | 4,019 | 5,019 | 2,664 | 2,474 | 2,814 | 3,858 | 4,793 |
| Net working capital | 10,102 | 8,045 | 2,829 | 3,672 | 4,213 | 4,229 | 5,540 |
| Total assets | 16,637 | 14,556 | 3,250 | 4,113 | 4,936 | 4,899 | 6,494 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 179 | 115 | 36.74 | 50.00 | 81.16 | 48.17 | 603 |
| Net cash from operating activities | 44.48 | 1,461 | (97.28) | (343) | (248) | 853 | (432) |
| Net cash from investing activities | (73.94) | 574 | 95.59 | 661 | 280 | 971 | 1,768 |
| Net cash from financing activities | 629 | (1,971) | (8.46) | (331) | (63.81) | (1,791) | (1,890) |
| Net change in cash | 600 | 63.72 | (10.15) | (13.26) | (31.16) | 32.99 | (555) |
| Closing cash | 1,002 | 415 | 129 | 137 | 121 | 197 | 375 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -20.5% | +426.7% | -29.5% | -59.4% | -5.0% | -53.5% | - |
| EBITDA growth | -449.7% | +112.8% | -80.8% | - | -100.8% | -75.0% | - |
| PBT growth | - | +9998.0% | -81.8% | -1984.7% | - | -80.1% | -55.2% |
| Net income growth | -6297.5% | +96.7% | -3.8% | -187.3% | -3420.4% | -97.1% | - |
| Revenue CAGR (3Y) | +43.4% | +14.7% | -35.2% | -43.6% | -33.6% | -30.4% | +12.1% |
| EBITDA CAGR (3Y) | -6.8% | - | - | - | - | -62.1% | +3.7% |
| Profitability & leverage | |||||||
| Net income margin | -50.5% | +9.3% | -250.9% | -103.6% | -9.5% | +0.3% | +3.7% |
| Return on capital employed | 0.0% | +3.1% | 0.0% | 0.0% | 0.0% | +3.4% | +7.9% |
| Return on net worth | 0.0% | -0.1% | 0.0% | 0.0% | 0.0% | +0.1% | +2.2% |
| Debt / equity | 0.52 | 0.41 | 0.09 | 0.23 | 0.37 | 0.56 | 1.15 |
| Long-term debt / equity | 0.27 | 0.18 | 0.07 | 0.07 | 0.11 | 0.20 | 0.58 |
| Interest cover | -105.36 | 381.85 | -0.86 | -4.63 | -806.01 | 140.28 | 69.84 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.28 | 0.69 | 2.46 | 3.11 | 7.55 | 7.28 | 13.16 |
| Inventory turnover | 0.14 | 0.26 | 0.08 | 0.11 | 0.25 | 0.23 | 0.39 |
| Debtors turnover | 46.57 | 38.08 | 5.96 | 3.36 | 5.04 | 8.00 | 18.70 |
| EPS (₹) | (6.28) | 1.63 | (19.20) | (11.24) | (3.02) | 0.10 | 2.65 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 70.99 | 71.36 | 43.03 | 59.71 | 66.00 | 67.71 | 68.91 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.69 | 12.95 | 95.81 | 40.52 | 165 | 119 | 589 | 295 |
| Revenue growth (YoY) | -55.5% | -89.1% | -83.7% | -86.3% | -59.3% | -85.6% | - | - |
| Other income | 16.30 | 14.17 | 44.69 | 9.67 | 48.58 | 6.79 | 12.63 | 3.80 |
| Total expenses | 104 | 86.41 | 176 | 106 | 192 | 132 | 560 | 233 |
| EBITDA | (30.37) | (73.46) | (80.23) | (65.32) | (26.39) | (13.38) | 28.72 | 62.29 |
| EBITDA margin | -41.2% | -567.3% | -83.7% | -161.2% | -15.9% | -11.3% | +4.9% | +21.1% |
| Depreciation | 8.01 | 7.85 | 7.06 | 11.04 | 7.43 | 5.60 | 4.65 | 2.81 |
| Interest | 42.62 | 22.43 | 40.40 | 14.33 | 56.31 | 78.17 | 86.85 | 58.92 |
| Profit before tax | (64.70) | (89.57) | (83.00) | (81.02) | (41.55) | (90.36) | (50.15) | 4.36 |
| Tax | (0.89) | 0.72 | (3.18) | (7.06) | (1.08) | (1.57) | (2.86) | 1.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 412 | 2,107 | 1,070 | 2.78 | 0.00 | 5.96 | 363 |
| Revenue growth | -80.4% | +96.9% | - | - | -100.0% | -98.4% | - |
| Other income | 116 | 89.76 | 17.37 | 38.98 | 10.48 | 41.22 | 272 |
| Total expenses | 603 | 1,843 | 1,067 | 409 | 17.80 | 22.50 | 374 |
| Employee cost | 150 | 90.43 | 54.32 | 14.77 | 6.98 | 2.45 | 2.08 |
| EBITDA | (191) | 264 | 3.61 | (406) | (17.80) | (16.54) | (11.49) |
| EBITDA margin | -46.4% | +12.5% | +0.3% | - | - | -277.5% | -3.2% |
| Depreciation | 31.14 | 13.99 | 6.55 | 2.22 | 1.87 | 3.88 | 9.61 |
| Interest | 189 | 288 | 407 | 27.26 | 46.07 | 160 | 302 |
| Profit before tax | (296) | 52.30 | (393) | (396) | (55.26) | (139) | (50.53) |
| Tax | (12.88) | (212) | (51.02) | 0.51 | 1.15 | 0.36 | 34.82 |
| Net profit | (299) | 222 | (342) | (15.43) | (57.00) | (141) | (45.94) |
| Net profit margin | -72.7% | +10.5% | -32.0% | -555.0% | - | -2370.8% | -12.7% |
| EPS (₹) | (2.04) | 2.16 | (6.32) | (7.33) | (1.25) | (3.09) | (1.88) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 278 | 244 | 108 | 108 | 90.60 | 90.31 | 90.93 |
| Reserves & surplus | 11,022 | 9,325 | (842) | 6,632 | 6,247 | 6,232 | 6,358 |
| Shareholders' funds (net worth) | 11,300 | 10,171 | (734) | 6,740 | 6,338 | 6,322 | 6,449 |
| Secured loans | 519 | 1,555 | 1,282 | 0.00 | 375 | 393 | 2,160 |
| Unsecured loans | 1,459 | 1,141 | 2,917 | 148 | 141 | 129 | 136 |
| Total debt | 1,978 | 2,696 | 4,199 | 148 | 516 | 523 | 2,296 |
| Total liabilities | 13,312 | 12,890 | 3,472 | 6,888 | 6,854 | 6,845 | 8,745 |
| Assets | |||||||
| Gross block | 2,142 | 2,119 | 192 | 8.95 | 23.47 | 20.35 | 49.99 |
| Net block | 2,062 | 2,069 | 160 | 3.57 | 5.39 | 1.39 | 20.14 |
| Capital work in progress | 0.00 | 9.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 9,597 | 11,070 | 3,691 | 3,201 | 3,854 | 3,793 | 3,838 |
| Inventories | 795 | 712 | 1,694 | 0.90 | 0.90 | 0.90 | 0.90 |
| Sundry debtors | 6.14 | 13.10 | 271 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 314 | 110 | 78.75 | 67.20 | 18.26 | 60.49 | 256 |
| Loans & advances | 3,086 | 1,546 | 1,303 | 3,603 | 2,906 | 2,938 | 4,558 |
| Total current assets | 4,201 | 2,381 | 3,347 | 3,671 | 2,925 | 2,999 | 4,816 |
| Total current liabilities | 2,346 | 2,759 | 3,270 | 3.44 | 24.18 | 17.76 | 107 |
| Net working capital | 1,855 | (379) | 77.21 | 3,667 | 2,901 | 2,982 | 4,709 |
| Total assets | 13,312 | 12,890 | 3,472 | 6,888 | 6,854 | 6,845 | 8,745 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 104 | 78.75 | 156 | 11.87 | 6.46 | 14.81 | 26.49 |
| Net cash from operating activities | (178) | 580 | 70.39 | 16.69 | 5.54 | (12.79) | 111 |
| Net cash from investing activities | 34.41 | 858 | (337) | (455) | 47.36 | 1,946 | 1,897 |
| Net cash from financing activities | 352 | (1,413) | 189 | 438 | (47.49) | (1,941) | (2,020) |
| Net change in cash | 209 | 25.01 | (77.08) | (1.09) | 5.41 | (8.35) | (11.68) |
| Closing cash | 314 | 110 | 78.75 | 67.20 | 18.26 | 60.49 | 256 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -80.4% | +96.9% | - | - | -100.0% | -98.4% | - |
| EBITDA growth | -172.3% | +7218.0% | +100.9% | -2179.4% | -7.6% | -44.0% | - |
| PBT growth | - | +9998.0% | +0.8% | -617.0% | +60.3% | -175.6% | - |
| Net income growth | -235.2% | +164.7% | -2119.4% | +72.9% | +59.7% | -207.6% | - |
| Revenue CAGR (3Y) | +429.3% | - | +464.2% | -80.3% | -100.0% | -58.3% | +137.2% |
| EBITDA CAGR (3Y) | -22.2% | - | - | +228.1% | - | - | -11.7% |
| Profitability & leverage | |||||||
| Net income margin | -68.7% | +12.5% | -31.9% | - | - | -2342.6% | -23.5% |
| Return on capital employed | 0.0% | +3.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | +4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.22 | 0.73 | 0.72 | 0.05 | 0.08 | 0.22 | 0.49 |
| Long-term debt / equity | 0.10 | 0.48 | 0.52 | 0.00 | 0.02 | 0.05 | 0.20 |
| Interest cover | -85.16 | 114.97 | -13,854.42 | -6.68 | -234.21 | -783.84 | -1,429.38 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.19 | 1.82 | 10.64 | 0.17 | 0.00 | 0.17 | 9.70 |
| Inventory turnover | 0.55 | 1.75 | 1.26 | 3.09 | 0.00 | 6.62 | 10.05 |
| Debtors turnover | 42.85 | 14.81 | 7.89 | 0.00 | 0.00 | 0.00 | 123.21 |
| EPS (₹) | (2.04) | 2.16 | (6.32) | (7.33) | (1.25) | (3.09) | (1.88) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 81.30 | 78.32 | (13.56) | 124.57 | 139.90 | 140.01 | 141.85 |
Timeline of Equinox India Developments
4 dated milestones of Equinox India Developments across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Equinox India Developments is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
- Funding Latest funding round, Post-IPO, of $1.2M.
Competitors of Equinox India Developments
Equinox India Developments has 2 listed competitors in our database. They include Lodha Group and Godrej Properties.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lodhagroup.com | 1980 | Mumbai, India | 4,846 | Developer of residential and commercial real estate properties | ||
| godrejproperties.com | 1990 | Mumbai, India | 408 | Residential and commercial properties are developed by Godrej Properties. |
Detailed competitors of Equinox India Developments
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Web traffic of Equinox India Developments
Websites that share an audience with Equinox India Developments (equinoxindia.com).
Websites whose visitors overlap most with Equinox India Developments. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| embassyindia.com | 23% | 50K | #703,187 | View details |
Top companies in Real Estate Developers & Builders
3 companies that operate in the same segment as Equinox India Developments (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of luxury residential properties | 1992 | Mumbai, Maharashtra, India | USD 158.42 M | USD 55.39 M | 1,046 | |
Residential and commercial properties are developed by Godrej Properties. | 1990 | Mumbai, Maharashtra, India | USD 546.88 M | 6,030 | ||
Premium residential building development services are provided. | 1980 | Mumbai, Maharashtra, India | USD 152.4 M | USD 658.36 M | 1,322 |
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Related news about Equinox India Developments
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Frequently Asked Questions about Equinox India Developments
Equinox India Developments was founded in 2005 and raised its 1st funding round 7 years after it was founded.
Equinox India Developments is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Equinox India Developments has 404 employees.
The primary company behind Equinox India Developments, Embassy Developments Limited, reported revenue of ₹1,906 Cr for FY 2026, down 21% year on year.
Equinox India Developments was established in 2005 and is based in Mumbai, India. Operations are centered on the real estate sector, where residential and commercial properties are developed. Services encompass project planning, construction, and management for various urban developments. Focus is placed on the Indian market, particularly in the Mumbai region, with activities supporting both housing and business infrastructure needs.
Equinox India Developments's top competitors include Godrej Properties and Lodha Group.
Equinox India Developments offers Residential Townships, Commercial Spaces, and Special Economic Zones.
Yes, Equinox India Developments is publicly traded on NSE under the ticker symbol EMBDL.
Equinox India Developments has 7 investors. Key investors include Société Générale, Morgan Stanley, Authum Investment & Infrastructure, Baillie Gifford, and Embassy Group.
Equinox India Developments operates through Embassy Developments Limited.
The legal entities of Equinox India Developments currently have 9 directors, including Kulumani Gopalratnam Krishnamurthy, Jitendra Mohandas Virwani, Shyamm Mariwala and others.
