Emami Realty Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- July 3, 2026
- Posted by: Chaitanya Auti
- Category: News
Emami Realty Rs 68.50 (5 Oct 2026). 52-week range Rs 48.20 to Rs 115.30. Q1 FY27 net loss Rs 16.8 cr. Net worth negative.
Quick Answer
The Emami Realty share price target for 2026 is Rs 60 to Rs 78, which is between 12 percent below and 14 percent above the latest price of Rs 68.50, with bull and bear cases of Rs 95 to Rs 115 and Rs 45 to Rs 55. Emami Realty reported a Q1 FY27 net loss of Rs 16.82 crore, narrower than Rs 50.80 crore a year earlier, on revenue of only Rs 9.66 crore, and its net worth is negative with book value of about minus Rs 44 per share. FY26 consolidated net loss was Rs 189.47 crore, the stock is down about 37 percent in a year, and it spiked to Rs 115.30 in May before falling back. Because there are no earnings and net worth is negative, these ranges are event-based Univest scenarios tied to debt resolution and project execution, and no brokerage target was available as of 5 October 2026.
The Emami Realty share price target for 2026 is Rs 60 to Rs 78 in the Univest base case, with the stock at Rs 68.50 as of about 2:42 PM IST on 5 October 2026. That is 40.6 percent below its 52-week high of Rs 115.30 and 42.1 percent above its 52-week low of Rs 48.20, and the stock moved down 37.3 percent over the past year. Emami Realty is a Kolkata-based real estate developer and part of the Emami Group. It has only about Rs 356 crore of market capitalisation, negative net worth and trades on thin volume.
Three things changed since the last update: 82 lakh shares were allotted on warrant conversion in April, Q1 FY27 results on 13 August showed a narrower loss, and the stock fell about 40 percent from its May high of Rs 115.30. This Emami Realty stock analysis covers the Emami Realty share price today, the Emami Realty share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Emami Realty buy or sell view.
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What Is the Emami Realty Share Price Target for 2026?
The 2026 target for Emami Realty shares is Rs 60 to Rs 78 in the Univest base case, which is -12.4% to +13.9% against the latest price. The bull case is Rs 95 to Rs 115 and the bear case is Rs 45 to Rs 55. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Emami Realty Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | Trigger | Target Multiple | Price Target (Rs) | Move vs Rs 68.50 |
|---|---|---|---|---|
| Bull Case | Debt resolved, projects on track | Event-based | 95 to 115 | +38.7% to +67.9% |
| Base Case | Losses narrow, no new capital | Trading range | 60 to 78 | -12.4% to +13.9% |
| Bear Case | Losses persist | Event-based | 45 to 55 | -34.3% to -19.7% |
Earnings-based valuation does not apply because the company makes losses and has negative net worth, so the scenarios are anchored on the stock’s range of Rs 48.20 to Rs 115.30 and on events. The bull case needs debt resolution and project sales, the base case assumes the loss keeps narrowing, and the bear case assumes losses and funding stress continue. The PE multiple does not apply because the company has losses, and no reliable EPS estimate exists. Those assumptions set the Emami Realty share price target range around the current price.
Emami Realty Company Overview and Share Price Today as of 5 October 2026
Emami Realty share price today is Rs 68.50 on the NSE at about 2:42 PM IST on 5 October 2026, and it changes through the session. The market capitalisation is Rs 356 crore, and the company has a negative net worth, so valuation ratios do not apply. The Univest base case Emami Realty share price target of Rs 60 to Rs 78 is -12.4% to +13.9% from here. The table below sets out the key numbers behind the Emami Realty share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | EMAMIREAL | BSE code 533218 |
| Sector | Real estate | Per Univest sector classification |
| Latest Price (NSE) | Rs 68.50 | 5 Oct 2026, 2:42 PM IST |
| 52-Week High | Rs 115.30 | CMP is 40.6% below |
| 52-Week Low | Rs 48.20 | CMP is 42.1% above |
| 1-Year Return | About -37% | Weekly close Rs 109.28 on 3 Oct 2025 to Rs 68.50 |
| Market Capitalisation | Rs 356 crore | Micro cap developer |
| Trailing P/E | Not applicable (loss-making) | Industry P/E about 47.7x |
| P/B Ratio | Not applicable (negative net worth) | Book value Rs -44.52 per share |
| EPS (TTM) | Rs -29.89 | Trailing twelve months |
| Return on Equity | Not applicable (negative net worth) | Debt to equity Not applicable (negative net worth) |
| Dividend Yield | Nil | No dividend |
| 12-Month Target (Base Case) | Rs 60 to Rs 78 | Univest base case |
| Bull Case | Rs 95 to Rs 115 | +38.7% to +67.9% |
| Bear Case | Rs 45 to Rs 55 | -34.3% to -19.7% |
Track live price, fundamentals and results for Emami Realty on the Univest Screener.
How Did Emami Realty Perform in Q1 FY27?
Emami Realty reported a Q1 FY27 net loss of Rs 16.82 crore against Rs 50.80 crore, and total revenue fell 32.5 percent to Rs 9.66 crore. Revenue from operations was Rs 5.67 crore, and some entities’ accounts were not final. Together these Q1 FY27 numbers anchor the Emami Realty share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Net Loss | Rs 16.82 crore | Against Rs 50.80 crore a year ago |
| Total Revenue | Rs 9.66 crore | Down 32.5% |
| Revenue from Operations | Rs 5.67 crore | Small project income |
| FY26 Net Loss | Rs 189.47 crore | Against Rs 126.24 crore in FY25 |
| Book Value per Share | About minus Rs 44.52 | Negative net worth |
| Warrant Conversion | 82 lakh shares | Allotted on 8 April 2026 |
The narrower loss follows large provisions for doubtful debts in earlier periods, and the company noted that expenses are not comparable. SEBI fined the company Rs 2 lakh for disclosure lapses, a demerger committee was dissolved and the board approved delisting from the Calcutta Stock Exchange. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Emami Realty share price target.
Why Is Emami Realty Share Price Down 37 Percent in a Year?
Emami Realty shares are down about 37 percent in a year because losses are large, revenue is tiny and net worth is negative. The stock fell from Rs 109.28 in early October 2025 to Rs 48.20 in the week of 23 March 2026.
A spike of 33 percent in the week of 20 April, with 14.8 lakh shares traded the next week, took it to Rs 115.30 in May, but it has since fallen about 40 percent. The sources we checked do not tie the spike to a single cause. The Emami Realty share price target scenarios below account for that move.
Key Catalysts for the Emami Realty Share Price Target in 2026
4 catalysts matter most for the Emami Realty share price target, and sector tailwinds in Real estate are part of the case. Together they decide whether the base case is reached.
1. Narrowing Losses
The Q1 FY27 loss narrowed to Rs 16.82 crore from Rs 50.80 crore. A further fall would move the base case toward Rs 78. If it plays out, the Emami Realty share price target moves toward the top of the base range.
2. Warrant Conversion
82 lakh shares were issued on warrant conversion linked to unsecured loans, which reduces debt-like claims. Lower claims help the balance sheet. Strength here would support the upper end of the Emami Realty share price target.
3. Project Sales
Revenue depends on project sales and handovers, and any pickup would lift income from a very small base. Sales are the main driver of the bull case. Delivery on this point keeps the Emami Realty share price target on track.
4. Group Support
The Emami Group is the promoter and has supported the company through loans and warrants. Continued support lowers the risk of a funding crisis. Better news here would lift the Emami Realty share price target toward the bull case.
What Are the Key Risks to the Emami Realty Share Price Target?
The main risks are negative net worth, funding stress, tiny revenue and thin trading. Each can pull the Emami Realty share price target lower.
Negative Net Worth
Book value is about minus Rs 44 per share and debt is large against equity. A funding shortfall would hit the stock hard. If it materialises, the Emami Realty share price target would slip toward the bear case.
Large Recurring Losses
FY26 net loss was Rs 189.47 crore against revenue of Rs 93 crore. Losses of this size can erode further value. This is the main downside risk to the Emami Realty share price target.
Tiny Revenue
Revenue from operations was only Rs 5.67 crore in Q1. A project delay can cut it further. A worsening here would cut the Emami Realty share price target toward the low end of the range.
Thin Trading and Governance
Only about 6,000 shares traded on the NSE today, and SEBI fined the company for disclosure lapses. Thin trading makes exits difficult. Watch it closely, because it can pull the Emami Realty share price target lower quickly.
Emami Realty Stock Analysis: Support and Resistance Levels for the Share Price Target
Emami Realty stock analysis on weekly charts shows a range of Rs 65 to Rs 75 since late August, with the stock near the middle.
The first support level is Rs 65.3 to Rs 66, the lows of the weeks of 28 and 7 September. Below that, Rs 48.20 is the 52-week low from March, and a close under Rs 65 would weaken the base.
The first resistance level is Rs 69.9 to Rs 71.4, the highs of the weeks of 14, 21 and 28 September. Above that, Rs 74.5 to Rs 78 marks the earlier ranges, and Rs 83 to Rs 90 the June levels. These levels come from weekly price action, are not trade recommendations, and frame the near-term Emami Realty share price target.
Emami Realty Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Emami Realty Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 65 and Rs 72, from the September lows to the weekly highs. A close above Rs 72 would put Rs 75 in play, while a break under Rs 65 would put Rs 60 in play. Debt news and project sales are the triggers. This range anchors the near-term Emami Realty share price target.
12-Month and 2027 Emami Realty Share Price Target
The 12-month target price is Rs 60 to Rs 78, valued on the current trading range with losses narrowing, which is Rs 60 to Rs 78. The range across scenarios runs from Rs 45 in the bear case to Rs 115 in the bull case.
Long-Term Emami Realty Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 90 to Rs 150. This assumes the loss ends, net worth turns positive and project sales recover. Without that, the range does not apply. This is the long-term Emami Realty share price target in the Univest scenarios.
Bull Case and Bear Case for Emami Realty Share Price Target
Bull Case Rs 95 to Rs 115
The bull case of Rs 95 to Rs 115 for the Emami Realty share price target needs debt resolution, a visible project pipeline and a return toward the May high. It is +38.7% to +67.9% from the latest price.
Bear Case Rs 45 to Rs 55
The bear case of Rs 45 to Rs 55 for the Emami Realty share price target assumes losses persist and funding stress rises, and sits below the Rs 48.20 low. It is -34.3% to -19.7% from the latest price.
Is Emami Realty a Good Buy at Rs 68.50? Emami Realty Buy or Sell View
Whether Emami Realty is a buy at Rs 68.50 depends on horizon and risk appetite. The base case implies -12 to 14 percent from here, the stock has no earnings and negative net worth, and the outcome depends on events. The Emami Realty share price target range is the starting point for that decision.
Only investors who accept very high risk and thin liquidity may track the stock, and they may treat Rs 65 as the level to watch. Most investors may prefer to wait for positive net worth before taking a position. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Emami Realty buy or sell view is educational.
How to Invest in Emami Realty Shares
Step 1: Check the live price, valuation and the latest Emami Realty share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Emami Realty share price target.
Step 3: Search for EMAMIREAL on the NSE or 533218 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 45 is bearable.
Step 5: Track losses, debt resolution and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Emami Realty share price target.
Conclusion
Emami Realty closed at Rs 68.50 against a Univest base case share price target of Rs 60 to Rs 78, a bull case of Rs 95 to Rs 115 and a bear case of Rs 45 to Rs 55. Q1 FY27 delivered a narrower net loss of Rs 16.82 crore on revenue of Rs 9.66 crore, with net worth still negative. The main risks are negative net worth, recurring losses and thin trading.
The stock is 40.6 percent below its 52-week high, so the base case implies roughly -12 to 14 percent from here. The triggers to watch are debt news, the Q2 FY27 results and the Rs 65 and Rs 72 levels. Re-check the Emami Realty share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Emami Realty live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Emami Realty Share Price Target 2026
What is the Emami Realty share price target for 2026?
Ans. The Emami Realty share price target for 2026 is Rs 60 to Rs 78 in the Univest base case, with a bull case of Rs 95 to Rs 115 and a bear case of Rs 45 to Rs 55. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. These are estimates and can change after the Q2 FY27 results.
What is the Emami Realty share price target for 2027?
Ans. The Emami Realty share price target for 2027 is Rs 60 to Rs 78 in the base case, valued on the current trading range with losses narrowing, which is Rs 60 to Rs 78. The scenario range runs from Rs 45 to Rs 115.
Is Emami Realty a good buy at Rs 68.50?
Ans. Whether Emami Realty is a good buy at Rs 68.50 depends on your horizon, risk appetite and how you read the Emami Realty share price target. The Q1 FY27 loss narrowed, but net worth is negative, revenue is tiny and trading is thin, so the stock is highly speculative. Consult a SEBI-registered advisor before investing.
What are the key risks to the Emami Realty share price target?
Ans. The key risks to the Emami Realty share price target are negative net worth, large recurring losses, tiny revenue and thin trading and governance. Book value is about minus Rs 44 per share and debt is large against equity. A funding shortfall would hit the stock hard.
What are the key catalysts for the Emami Realty share price target?
Ans. The key catalysts for the Emami Realty share price target are narrowing losses, warrant conversion, project sales and group support. The Q1 FY27 loss narrowed to Rs 16.82 crore from Rs 50.80 crore. A further fall would move the base case toward Rs 78.
Where can I track Emami Realty share price today and Emami Realty share price target updates?
Ans. You can track the live Emami Realty share price, results and any change to the Emami Realty share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Emami Realty’s 52-week high and low?
Ans. Emami Realty’s 52-week high is Rs 115.30 and its 52-week low is Rs 48.20, based on weekly NSE data. At Rs 68.50 the stock is 40.6 percent below the high and 42.1 percent above the low. Both levels frame the Emami Realty share price target.
How to buy Emami Realty shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for EMAMIREAL on the NSE or 533218 on the BSE, and place a limit order near your entry price, using the Emami Realty share price target range as a guide. Size the position so a fall to Rs 45 is bearable, and check the live price on the Univest Screener first.