IT - Hardware · Founded 1981 · www.empowerindia.in · BSE 504351 · NSE EMPOWER · ISIN INE507F01023
No Notes Added Yet
Business
Empower India Ltd. operates in the IT - Hardware sector in India. As an IT hardware company, its core business likely involves the design, manufacturing, assembly, distribution, and sale of various information technology hardware products. This could include personal computers, servers, storage devices, networking equipment, peripherals, and potentially components for these systems. The company generates revenue primarily through the direct sale of these hardware products to enterprise clients (B2B), government agencies, educational institutions, and potentially retail consumers (B2C), often complemented by after-sales service and support contracts.
Revenue Mix
Specific segment information for Empower India Ltd. is not provided. However, a typical IT Hardware company might have segments such as:
Computing Devices: (e.g., Desktops, Laptops, Workstations)
Servers & Storage: (e.g., Enterprise servers, data storage solutions)
Networking & Communications: (e.g., Routers, Switches, Wi-Fi equipment)
Peripherals & Accessories: (e.g., Printers, Monitors, Keyboards)
Services: (e.g., Installation, maintenance, support contracts)
The revenue mix would depend on the company's strategic focus, whether it's more geared towards enterprise solutions, consumer electronics, or specific hardware components.
Industry
The IT Hardware industry in India is dynamic and highly competitive, characterized by the presence of large multinational corporations (MNCs) as well as numerous domestic manufacturers, assemblers, and distributors. The market is fragmented across various product categories and price points. Empower India Ltd.'s positioning within this landscape would depend on its specific product portfolio, target customer base (e.g., value segment, premium segment, niche enterprise solutions), and distribution capabilities. Without specific details, it could be a local assembler leveraging cost advantages, a distributor of imported hardware, or a manufacturer with specific intellectual property in certain hardware components. The industry is also influenced by government procurement policies and initiatives like "Make in India."
MOAT
Without specific company details, potential competitive advantages (moats) for an IT Hardware company in India could include:
Distribution Network: A robust and widespread distribution and service network across India could provide a significant advantage, especially in reaching Tier 2/3 cities and rural markets.
Cost Efficiency: Ability to manufacture or assemble hardware at a lower cost due to local sourcing, efficient supply chain management, or economies of scale, allowing for competitive pricing.
Brand Recognition: While harder to build against global giants, a strong local brand in specific product categories or customer segments could foster loyalty.
Customer Relationships & Switching Costs: For enterprise clients, integrated solutions and deep relationships can create switching costs due to setup complexity, training, and compatibility issues.
Growth Drivers
Key factors that can drive growth for Empower India Ltd. over the next 3-5 years include:
Digital India & Government Initiatives: Continued government push for digitalization, e-governance, and smart city projects drives demand for IT hardware.
Enterprise IT Spending: Increasing adoption of cloud computing, data analytics, AI, and cybersecurity solutions by businesses necessitates upgrades and expansion of underlying hardware infrastructure.
Consumer Demand: A growing middle class, rising disposable incomes, and increasing internet penetration fuel demand for personal computing devices and peripherals.
Work-from-Home/Hybrid Models: Continued prevalence of remote work trends necessitates upgrades to personal and enterprise hardware for employees.
Data Center Expansion: Growth in data consumption and cloud services leads to higher demand for servers, storage, and networking equipment.
"Make in India" Push: Government policies promoting domestic manufacturing can create opportunities through incentives and preferential procurement.
Risks
Key business risks for Empower India Ltd. include:
Intense Competition: Facing stiff competition from well-established global players and aggressive domestic rivals, leading to pricing pressure and margin erosion.
Technological Obsolescence: Rapid advancements in technology can quickly render existing hardware obsolete, requiring continuous R&D investment and inventory management.
Supply Chain Disruptions: Reliance on global supply chains for components can lead to shortages, price volatility, and production delays (e.g., semiconductor shortages).
Currency Fluctuations: A significant portion of components might be imported, making the company vulnerable to adverse foreign exchange rate movements.
Economic Slowdown: A downturn in the Indian economy could lead to reduced IT spending by businesses and consumers.
Regulatory Changes: Changes in government policies, import duties, or electronics manufacturing schemes could impact profitability.
Management & Ownership
Information regarding the promoters, specific management team, and ownership structure of Empower India Ltd. is not provided. In India, promoter groups often play a significant role in the strategic direction and operations of companies. The quality of management, including their vision, execution capabilities, and ability to navigate a competitive and rapidly evolving industry, would be crucial for the company's success. Ownership structure would typically include the promoter group, institutional investors, and public shareholders.
Outlook
The outlook for Empower India Ltd. is largely tied to the broader growth trajectory of India's digital economy and the IT hardware market. The company benefits from strong secular tailwinds such as increasing digitalization, enterprise IT spending, and government initiatives. Its ability to carve out a sustainable niche, whether through cost leadership, a robust distribution network, or specialized product offerings, will be key. However, the industry is marked by intense competition, rapid technological change, and global supply chain vulnerabilities, which can put significant pressure on margins and require constant innovation. Success will depend on effective management of these challenges, prudent capital allocation, and a clear strategy to differentiate itself in a crowded market.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 87 | 38 | 46 | 24 | 16 | 27 | 35 | 48 | 44 | 37 |
| Other Income | 3 | 0 | 0 | 1 | 5 | 2 | 0 | 1 | 14 | 2 |
| Total Income | 90 | 38 | 46 | 25 | 21 | 28 | 35 | 49 | 59 | 39 |
| Total Expenditure | 88 | 36 | 44 | 24 | 21 | 28 | 32 | 47 | 45 | 38 |
| Operating Profit | 3 | 2 | 2 | 1 | 0 | 0 | 3 | 1 | 14 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 2 | 2 | 1 | 0 | 0 | 3 | 1 | 14 | 1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 2 | 2 | 2 | 1 | -0 | 0 | 3 | 1 | 14 | 1 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Adjustments | 2 | 2 | 2 | 1 | -0 | 0 | 3 | 1 | 14 | 1 |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0.1 | 0 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 103 | 90 | 28 | 1 | 0 | 0 | 6 | 10 | 117 | 124 | 153 | 164 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 | 17 | 17 |
| Total Income | 103 | 90 | 28 | 1 | 0 | 0 | 6 | 10 | 120 | 129 | 170 | 182 |
| Total Expenditure | 103 | 85 | 28 | 1 | 0 | 0 | 6 | 10 | 113 | 124 | 152 | 162 |
| Operating Profit | 0 | 5 | 0 | 0 | -0 | -0 | -0 | 0 | 7 | 6 | 18 | 19 |
| Interest | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -13 | -8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 0 | -0 | 0 | -13 | -8 | -0 | 0 | 7 | 6 | 18 | 19 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | 0 | -0 | 0 | -13 | -8 | -0 | 0 | 7 | 5 | 18 | 19 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | 0 | -0 | 0 | -13 | -8 | -0 | 0 | 7 | 5 | 18 | 19 |
| Adjusted Earnings Per Share | -0 | 0 | -0 | 0 | -0.1 | -0.1 | -0 | 0 | 0.1 | 0 | 0.2 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 23% | 148% | 0% | 4% |
| Operating Profit CAGR | 200% | 0% | 0% | 0% |
| PAT CAGR | 260% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | 9% | 60% | 12% |
| ROE Average | 6% | 3% | 2% | 0% |
| ROCE Average | 5% | 3% | 2% | 1% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 364 | 355 | 338 | 338 | 267 | 259 | 293 | 293 | 300 | 304 | 322 |
| Minority's Interest | 28 | 39 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 |
| Borrowings | 43 | 42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 35 | 48 | 218 | 200 | 194 | 2 | 4 | 6 | 16 | 63 | 107 |
| Total Liabilities | 470 | 484 | 556 | 539 | 461 | 261 | 297 | 298 | 316 | 367 | 429 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 461 | 475 | 371 | 368 | 292 | 255 | 291 | 293 | 301 | 309 | 323 |
| Total Current Assets | 8 | 8 | 186 | 171 | 169 | 6 | 6 | 6 | 15 | 58 | 106 |
| Total Assets | 470 | 484 | 556 | 539 | 461 | 261 | 297 | 298 | 316 | 367 | 429 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 4 | 3 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 39 |
| Cash Flow from Operating Activities | 8 | 5 | -10 | -1 | 14 | -23 | -16 | -1 | -6 | 18 | -36 |
| Cash Flow from Investing Activities | -31 | -7 | -34 | 5 | -15 | 189 | 189 | 1 | 8 | 0 | -10 |
| Cash Flow from Financing Activities | 25 | 1 | 42 | -4 | 0 | -166 | -166 | 1 | -1 | 21 | 15 |
| Net Cash Inflow / Outflow | 2 | -0 | -2 | 0 | -1 | -0 | 8 | 0 | 1 | 39 | -31 |
| Closing Cash & Cash Equivalent | 4 | 3 | 1 | 1 | 0 | 0 | 8 | 0 | 1 | 39 | 8 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0 | 0 | -0 | 0 | -0.12 | -0.07 | -0 | 0 | 0.06 | 0.04 | 0.15 |
| CEPS(Rs) | -0 | 0 | 0 | 0 | -0.12 | -0.07 | -0 | 0 | 0.06 | 0.04 | 0.15 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 3.13 | 3.05 | 2.91 | 2.91 | 2.29 | 2.22 | 2.52 | 2.52 | 2.58 | 2.62 | 2.77 |
| Core EBITDA Margin(%) | -0.07 | 5.91 | 0.22 | -19.58 | -520.57 | 0 | -1.37 | 1.87 | 3.24 | -0.01 | 0.86 |
| EBIT Margin(%) | -0.13 | 5.79 | 0.01 | 5.85 | 0 | 0 | -1.37 | 2.12 | 6.01 | 4.49 | 11.8 |
| Pre Tax Margin(%) | -0.14 | 0.15 | -0.2 | 4.36 | 0 | 0 | -1.38 | 2.06 | 6 | 4.49 | 11.8 |
| PAT Margin (%) | -0.2 | 0.05 | -0.21 | 3.26 | 0 | 0 | -1.38 | 1.64 | 5.92 | 4.21 | 11.74 |
| Cash Profit Margin (%) | -0.05 | 0.18 | 0.22 | 3.26 | 0 | 0 | -1.38 | 1.64 | 5.92 | 4.21 | 11.74 |
| ROA(%) | -0.05 | 0.01 | -0.01 | 0.01 | -2.68 | -2.12 | -0.03 | 0.05 | 2.25 | 1.53 | 4.52 |
| ROE(%) | -0.06 | 0.01 | -0.02 | 0.01 | -4.44 | -2.91 | -0.03 | 0.05 | 2.33 | 1.73 | 5.75 |
| ROCE(%) | -0.04 | 1.3 | 0 | 0.01 | -2.86 | -2.21 | -0.03 | 0.07 | 2.36 | 1.78 | 5.29 |
| Receivable days | 27.07 | 2.19 | 68.83 | 2105.92 | 0 | 0 | 0 | 0 | 14.02 | 7.9 | 48.56 |
| Inventory Days | 12.89 | 17.15 | 63.95 | 2063.11 | 0 | 0 | 296.72 | 194.96 | 17.26 | 25.1 | 59.52 |
| Payable days | 137.56 | 161.8 | 612.33 | 0 | 0 | 0 | 174.79 | 168.33 | 33.39 | 82.67 | 133.52 |
| PER(x) | 0 | 1293.76 | 0 | 633.33 | 0 | 0 | 0 | 221.43 | 51.85 | 33.48 | 6.65 |
| Price/Book(x) | 0.11 | 0.16 | 0.17 | 0.07 | 0.08 | 0.07 | 0.06 | 0.12 | 1.2 | 0.57 | 0.37 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.78 | 1.06 | 8.05 | 204.33 | 3363.11 | 0 | 2.73 | 3.78 | 3.06 | 1.26 | 0.96 |
| EV/Core EBITDA(x) | 3309.98 | 17.94 | 1834.7 | 3495.74 | -646.04 | -171.93 | -199.93 | 178.37 | 50.98 | 28.08 | 8.15 |
| Net Sales Growth(%) | -4.45 | -11.93 | -68.92 | -96.74 | -93.89 | -100 | 0 | 52.92 | 1100.05 | 6.08 | 23.79 |
| EBIT Growth(%) | 22.55 | 3896.09 | -99.96 | 2447.62 | 0 | 43.04 | 98.86 | 336.78 | 3305.78 | -20.77 | 225.47 |
| PAT Growth(%) | -235.58 | 121 | -233.63 | 150.59 | 0 | 43.05 | 98.85 | 282 | 4225.84 | -24.51 | 245.16 |
| EPS Growth(%) | -238.46 | 121.04 | -232.02 | 160 | 0 | 43.07 | 98.78 | 275 | 4142.86 | -24.58 | 245.54 |
| Debt/Equity(x) | 0.12 | 0.12 | 0.5 | 0.49 | 0.62 | 0 | 0 | 0 | 0 | 0.07 | 0.11 |
| Current Ratio(x) | 0.23 | 0.18 | 0.85 | 0.85 | 0.87 | 2.67 | 1.34 | 1.04 | 0.91 | 0.92 | 0.99 |
| Quick Ratio(x) | 0.12 | 0.08 | 0.83 | 0.83 | 0.84 | 0.17 | 0.09 | 0.1 | 0.56 | 0.75 | 0.63 |
| Interest Cover(x) | -25.27 | 1.03 | 0.04 | 3.93 | -2631.51 | -5460.07 | -108.75 | 36.14 | 2192.47 | 0 | 0 |
| Total Debt/Mcap(x) | 1.05 | 0.74 | 2.98 | 7.51 | 7.51 | 0 | 0 | 0.02 | 0 | 0.12 | 0.3 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 |
| FII | 0.25 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 84.73 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 |
| FII | 0.29 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 98.61 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +23% | +148% | — | +4% |
| Operating Profit CAGR | +200% | — | — | — |
| PAT CAGR | +260% | — | — | — |
| Share Price CAGR | -29% | +9% | +60% | +12% |
| ROE Average | +6% | +3% | +2% | 0% |
| ROCE Average | +5% | +3% | +2% | +1% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 | 15.02 |
| FII | 0.25 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 84.73 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 | 84.96 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 |
| FII | 0.29 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 98.61 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 | 98.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 | 116.38 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
Your relationship manager will connect with you shortly.