Empire Inds

₹1100.5 32.1 | 3%

WEBSITE BSE:509525 NSE : EMPIRE IND. 06 Dec, 16:00

Market Cap ₹660 Cr.

Stock P/E 17.8

P/B 2.2

Current Price ₹1100.5

Book Value ₹ 509.5

Face Value 10

52W High ₹1227.7

Dividend Yield 2.27%

52W Low ₹ 800

Edit Ratio

Empire Inds Research see more...

Overview Inc. Year: 1900Industry: Glass

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; representing various overseas manufacturers of precision device gear, measuring gadgets, testing machines, designing and advertising and marketing of industrial equipment; importing frozen and chilled foods and distributing it to accommodations and restaurant; supplying office area on leave and license foundation to multinational organizations and banks; developing land admeasuring to approximately 30 acres at Ambernath, and presenting customizable work space solutions to clients.

Empire Inds Share Price

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Peer Comparison

Empire Inds Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	148	184	172	178	148	154	153	152	152	163
Other Income	2	2	6	4	2	3	15	5	3	4
Total Income	150	186	178	182	150	156	168	157	155	167
Total Expenditure	132	165	156	151	132	135	146	129	135	144
Operating Profit	18	22	22	31	18	22	22	28	19	23
Interest	7	8	7	11	6	8	5	8	5	7
Depreciation	4	4	4	4	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	9	10	16	8	10	12	15	11	11
Provision for Tax	1	1	2	2	2	2	2	3	1	2
Profit After Tax	6	8	8	14	6	8	10	13	10	10
Adjustments	0	0	0	0	0	0	-0	0	0	0
Profit After Adjustments	6	8	8	14	6	8	10	13	10	10
Adjusted Earnings Per Share	9.9	13	13.7	22.6	10.2	13.4	17	21	16.1	16.3

Empire Inds Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	314	354	385	405	473	526	575	490	544	682	606	620
Other Income	7	5	5	6	27	33	19	23	10	15	25	27
Total Income	320	359	390	411	500	559	593	514	554	696	631	647
Total Expenditure	254	291	324	338	411	467	500	447	485	603	542	554
Operating Profit	67	68	66	73	89	91	93	67	69	93	89	92
Interest	11	9	10	14	16	20	32	35	27	33	27	25
Depreciation	8	12	10	9	13	11	15	19	15	17	16	16
Exceptional Income / Expenses	0	0	0	0	0	0	-6	0	0	0	0	0
Profit Before Tax	48	46	47	50	60	61	40	13	28	43	46	49
Provision for Tax	11	12	16	16	13	17	6	-1	4	7	9	8
Profit After Tax	36	34	31	34	47	44	34	13	24	36	37	43
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	36	34	31	34	47	44	34	13	24	36	37	43
Adjusted Earnings Per Share	60.4	56.9	51.1	56.8	77.8	73.1	57	22	39.5	59.2	61.7	70.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-11%	7%	3%	7%
Operating Profit CAGR	-4%	10%	-0%	3%
PAT CAGR	3%	42%	-3%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	11%	15%	9%	3%
ROE Average	13%	12%	11%	18%
ROCE Average	16%	15%	14%	19%

Empire Inds Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	120	137	150	183	212	237	234	247	256	283	300
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	41	43	66	69	92	120	162	135	136	104	59
Other Non-Current Liabilities	72	86	90	147	93	114	154	120	127	132	118
Total Current Liabilities	147	153	200	144	191	205	234	211	188	219	250
Total Liabilities	380	419	506	544	587	677	784	713	707	740	727
Fixed Assets	134	135	217	215	217	213	317	303	352	317	315
Other Non-Current Assets	83	94	8	9	67	124	99	97	31	25	45
Total Current Assets	162	190	280	320	303	341	369	313	324	398	367
Total Assets	380	419	506	544	587	677	784	713	707	740	727

Empire Inds Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	45	33	32	77	90	78	37	26	43	49	68
Cash Flow from Operating Activities	8	40	34	48	20	-13	40	103	53	79	75
Cash Flow from Investing Activities	-42	-17	-3	-3	-49	-34	-45	-4	-2	29	-15
Cash Flow from Financing Activities	22	-23	13	-24	17	5	-5	-82	-45	-89	-52
Net Cash Inflow / Outflow	-12	-1	44	21	-12	-41	-11	17	6	19	7
Closing Cash & Cash Equivalent	33	32	76	98	78	37	26	43	49	68	75

Empire Inds Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	60.41	56.89	51.08	56.79	77.79	73.06	56.96	22.01	39.49	59.21	61.67
CEPS(Rs)	74.01	77.61	67.23	71.72	98.68	90.85	81.93	53.76	63.92	87.81	89.12
DPS(Rs)	24	24	24	25	25	25	25	25	25	25	25
Book NAV/Share(Rs)	199.26	227.27	249.7	305.27	353.49	395.63	389.52	411.74	426.18	472.35	500.36
Core EBITDA Margin(%)	18.51	17.18	15.4	13.01	13.05	11.18	12.97	8.82	10.84	11.52	10.58
EBIT Margin(%)	18.07	15.15	14.21	12.38	16.03	15.35	12.5	9.7	10.05	11.14	11.95
Pre Tax Margin(%)	14.75	12.6	11.77	9.74	12.61	11.61	7	2.59	5.08	6.27	7.54
PAT Margin (%)	11.21	9.35	7.73	6.59	9.8	8.33	5.95	2.69	4.36	5.21	6.11
Cash Profit Margin (%)	13.73	12.76	10.17	8.33	12.43	10.36	8.55	6.58	7.05	7.73	8.82
ROA(%)	10.39	8.55	6.63	6.49	8.25	6.93	4.68	1.76	3.34	4.91	5.05
ROE(%)	32.99	26.68	21.42	20.46	23.62	19.5	14.51	5.49	9.43	13.18	12.68
ROCE(%)	30.63	24.57	21.69	21.25	21.59	18.85	14.53	9.47	11.45	16.33	15.87
Receivable days	64.45	59.79	63.31	54.46	64.2	72.07	71.56	72.93	70.43	85.15	107.83
Inventory Days	41.81	66	85.16	81.72	88.95	86.37	103.63	117.52	80.99	58.38	64.93
Payable days	92.73	93.56	117.94	100.23	62.54	45.53	48.7	48.09	41.22	41.99	59.03
PER(x)	8.04	29.8	31.12	30.55	24.55	12.46	8.9	28.65	15.15	10.32	14.46
Price/Book(x)	2.44	7.46	6.37	5.68	5.4	2.3	1.3	1.53	1.4	1.29	1.78
Dividend Yield(%)	4.94	1.42	1.51	1.44	1.31	2.75	4.93	3.96	4.18	4.09	2.8
EV/Net Sales(x)	1.14	3.04	2.64	2.65	2.62	1.39	0.98	1.15	0.97	0.68	1.02
EV/Core EBITDA(x)	5.35	15.91	15.38	14.7	13.97	7.98	6.06	8.43	7.61	4.97	6.92
Net Sales Growth(%)	12.06	12.89	8.73	5.21	16.81	11.18	9.22	-14.7	10.97	25.28	-11.09
EBIT Growth(%)	4.79	-5.38	1.86	13.57	19.31	5.79	-11.07	-33.8	15.02	38.84	-4.58
PAT Growth(%)	3.17	-5.82	-10.21	11.17	36.99	-6.08	-22.03	-61.35	79.39	49.93	4.16
EPS Growth(%)	3.17	-5.82	-10.21	11.17	36.99	-6.08	-22.03	-61.35	79.39	49.93	4.16
Debt/Equity(x)	0.84	0.69	0.93	0.71	0.86	0.95	1.25	0.94	0.87	0.6	0.53
Current Ratio(x)	1.1	1.24	1.4	2.21	1.59	1.66	1.58	1.48	1.72	1.81	1.47
Quick Ratio(x)	0.75	0.71	0.88	1.34	1.03	0.96	0.8	0.85	1.15	1.31	1.04
Interest Cover(x)	5.43	5.94	5.83	4.7	4.69	4.1	2.27	1.36	2.02	2.29	2.71
Total Debt/Mcap(x)	0.34	0.09	0.15	0.12	0.16	0.41	0.96	0.61	0.62	0.46	0.3

Empire Inds Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
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	12.1	10.44	8.94	8.55	7.48	6.45	6.38	6.38	6.37	5.96
Public	15.35	17	18.51	18.89	19.96	20.99	21.07	21.07	21.07	21.49
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44
FII	0	0	0	0	0	0	0	0	0	0
DII	0.07	0.06	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04
Public	0.09	0.1	0.11	0.11	0.12	0.13	0.13	0.13	0.13	0.13
Others	0	0	0	0	0	0	0	0	0	0
Total	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6

Pros

Company has reduced debt.

Cons

Company has a low return on equity of 12% over the last 3 years.
Debtor days have increased from 41.99 to 59.03days.
The company has delivered a poor profit growth of -3% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Empire Inds

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Empire Inds Research see more...

Overview Inc. Year: 1900Industry: Glass

Empire Inds Share Price

Alert Data

Quarterly Price

Peer Comparison

Empire Inds Quarterly Results

Empire Inds Profit & Loss

Growth Rates

Empire Inds Balance Sheet

Empire Inds Cash Flow

Empire Inds Ratios

Empire Inds Shareholding Pattern

Empire Inds News

IPO

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