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Empire Inds Overview

Empire Industries Ltd is engaged in manufacturing and advertising and marketing operations that cover the area of system tools, business equipment, vending, meals, real estate and glass containers for prescribed drugs. The Company's segments consist of Manufacturing, which includes production glass bottles; Trading, Business Support Service, Consultancy and Commission, and Others. Its geographical segments consist of Domestic and International. It is also engaged in the production of Amber Glass Bottles for the pharmaceutical industry; represen...Read More

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Empire Inds Key Financials

Market Cap ₹549 Cr.

Stock P/E 15.9

P/B 1.6

Current Price ₹915

Book Value ₹ 560.1

Face Value 10

52W High ₹1275

Dividend Yield 2.73%

52W Low ₹ 811.1

Empire Inds Share Price

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Volume
Price

Empire Inds Quarterly Price

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Empire Inds Peer Comparison

Empire Inds Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 154 153 152 152 163 176 186 167 180 189
Other Income 3 15 5 3 4 5 3 3 5 5
Total Income 156 168 157 155 167 180 190 170 185 193
Total Expenditure 135 146 129 135 144 158 170 151 159 171
Operating Profit 22 22 28 19 23 23 20 19 26 22
Interest 8 5 8 5 7 7 8 5 8 6
Depreciation 4 4 4 4 4 4 5 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 10 12 15 11 11 12 6 10 14 12
Provision for Tax 2 2 3 1 2 1 2 1 1 1
Profit After Tax 8 10 13 10 10 11 4 10 12 11
Adjustments 0 -0 0 -0 0 0 0 0 0 -0
Profit After Adjustments 8 10 13 10 10 11 4 10 12 11
Adjusted Earnings Per Share 13.4 17 21 16.1 16.3 17.5 7.4 16 20.6 17.6

Empire Inds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 354 385 405 473 526 575 490 544 682 606 677 722
Other Income 5 5 6 27 33 19 23 10 15 25 15 16
Total Income 359 390 411 500 559 593 514 554 696 631 692 738
Total Expenditure 291 324 338 411 467 500 447 485 603 542 607 651
Operating Profit 68 66 73 89 91 93 67 69 93 89 85 87
Interest 9 10 14 16 20 32 35 27 33 27 27 27
Depreciation 12 10 9 13 11 15 19 15 17 16 17 17
Exceptional Income / Expenses 0 0 0 0 0 -6 0 0 0 0 0 0
Profit Before Tax 46 47 50 60 61 40 13 28 43 46 40 42
Provision for Tax 12 16 16 13 17 6 -1 4 7 9 6 5
Profit After Tax 34 31 34 47 44 34 13 24 36 37 34 37
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 34 31 34 47 44 34 13 24 36 37 34 37
Adjusted Earnings Per Share 56.9 51.1 56.8 77.8 73.1 57 22 39.5 59.2 61.7 57.4 61.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 8% 3% 7%
Operating Profit CAGR -4% 7% -2% 2%
PAT CAGR -8% 12% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% 8% 8% -6%
ROE Average 11% 12% 10% 16%
ROCE Average 15% 16% 14% 17%

Empire Inds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 137 150 183 212 237 234 247 256 283 300 314
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 43 66 69 92 120 162 135 136 104 59 68
Other Non-Current Liabilities 86 90 147 93 114 154 120 127 132 118 146
Total Current Liabilities 153 200 144 191 205 234 211 188 219 247 223
Total Liabilities 419 506 544 587 677 784 713 707 740 724 751
Fixed Assets 135 217 215 217 213 317 303 352 317 315 304
Other Non-Current Assets 94 8 9 67 124 99 97 31 25 45 57
Total Current Assets 190 280 320 303 341 369 313 324 398 364 389
Total Assets 419 506 544 587 677 784 713 707 740 724 751

Empire Inds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 33 32 77 90 78 37 26 43 49 68 75
Cash Flow from Operating Activities 40 34 48 20 -13 40 103 53 79 75 92
Cash Flow from Investing Activities -17 -3 -3 -49 -34 -45 -4 -2 29 -15 17
Cash Flow from Financing Activities -23 13 -24 17 5 -5 -82 -45 -89 -52 -59
Net Cash Inflow / Outflow -1 44 21 -12 -41 -11 17 6 19 7 50
Closing Cash & Cash Equivalent 32 76 98 78 37 26 43 49 68 75 125

Empire Inds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 56.89 51.08 56.79 77.79 73.06 56.96 22.01 39.49 59.21 61.67 57.42
CEPS(Rs) 77.61 67.23 71.72 98.68 90.85 81.93 53.76 63.92 87.81 89.12 86.16
DPS(Rs) 24 24 25 25 25 25 25 25 25 25 25
Book NAV/Share(Rs) 227.27 249.7 305.27 353.49 395.63 389.52 411.74 426.18 472.35 500.36 523.43
Core EBITDA Margin(%) 17.18 15.4 13.01 13.05 11.18 12.97 8.82 10.84 11.52 10.58 10.29
EBIT Margin(%) 15.15 14.21 12.38 16.03 15.35 12.5 9.7 10.05 11.14 11.95 9.94
Pre Tax Margin(%) 12.6 11.77 9.74 12.61 11.61 7 2.59 5.08 6.27 7.54 5.91
PAT Margin (%) 9.35 7.73 6.59 9.8 8.33 5.95 2.69 4.36 5.21 6.11 5.09
Cash Profit Margin (%) 12.76 10.17 8.33 12.43 10.36 8.55 6.58 7.05 7.73 8.82 7.64
ROA(%) 8.55 6.63 6.49 8.25 6.93 4.68 1.76 3.34 4.91 5.06 4.67
ROE(%) 26.68 21.42 20.46 23.62 19.5 14.51 5.49 9.43 13.18 12.68 11.22
ROCE(%) 24.57 21.69 21.25 21.59 18.85 14.53 9.47 11.45 16.33 15.87 14.68
Receivable days 59.79 63.31 54.46 64.2 72.07 71.56 72.93 70.43 85.15 106.86 81.08
Inventory Days 66 85.16 81.72 88.95 86.37 103.63 117.52 80.99 58.38 64.93 54.52
Payable days 93.56 117.94 100.23 62.54 45.53 48.7 48.09 41.22 41.99 59.03 48.78
PER(x) 29.8 31.12 30.55 24.55 12.46 8.9 28.65 15.15 10.32 14.46 18.23
Price/Book(x) 7.46 6.37 5.68 5.4 2.3 1.3 1.53 1.4 1.29 1.78 2
Dividend Yield(%) 1.42 1.51 1.44 1.31 2.75 4.93 3.96 4.18 4.09 2.8 2.39
EV/Net Sales(x) 3.04 2.64 2.65 2.62 1.39 0.98 1.15 0.97 0.68 1.02 0.94
EV/Core EBITDA(x) 15.91 15.38 14.7 13.97 7.98 6.06 8.43 7.61 4.97 6.92 7.56
Net Sales Growth(%) 12.89 8.73 5.21 16.81 11.18 9.22 -14.7 10.97 25.28 -11.09 11.71
EBIT Growth(%) -5.38 1.86 13.57 19.31 5.79 -11.07 -33.8 15.02 38.84 -4.58 -7.14
PAT Growth(%) -5.82 -10.21 11.17 36.99 -6.08 -22.03 -61.35 79.39 49.93 4.16 -6.9
EPS Growth(%) -5.82 -10.21 11.17 36.99 -6.08 -22.03 -61.35 79.39 49.93 4.16 -6.9
Debt/Equity(x) 0.69 0.93 0.71 0.86 0.95 1.25 0.94 0.87 0.6 0.53 0.46
Current Ratio(x) 1.24 1.4 2.21 1.59 1.66 1.58 1.48 1.72 1.81 1.47 1.75
Quick Ratio(x) 0.71 0.88 1.34 1.03 0.96 0.8 0.85 1.15 1.31 1.05 1.31
Interest Cover(x) 5.94 5.83 4.7 4.69 4.1 2.27 1.36 2.02 2.29 2.71 2.47
Total Debt/Mcap(x) 0.09 0.15 0.12 0.16 0.41 0.96 0.61 0.62 0.46 0.3 0.23

Empire Inds Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.55 72.55 72.55 72.55 72.55 72.55 72.55 72.55 72.55 72.55
FII 0 0 0 0 0 0 0 0 0 0
DII 6.38 6.38 6.37 5.96 5.95 5.95 5.95 5.95 5.95 5.95
Public 21.07 21.07 21.07 21.49 21.49 21.49 21.49 21.49 21.49 21.49
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Empire Inds News

Empire Inds Pros & Cons

Pros

  • Debtor days have improved from 59.03 to 48.78days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
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