Empire Industries Ltd
₹ 910
-3.27%
17 Feb
- close price
About
Incorporated in 1900, Empire Industries Ltd manufactures container glass, trades in frozen foods, and does indenting and property development[1]
Key Points
- Market Cap ₹ 546 Cr.
- Current Price ₹ 910
- High / Low ₹ 1,275 / 880
- Stock P/E 14.8
- Book Value ₹ 542
- Dividend Yield 2.75 %
- ROCE 14.4 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 42.1%
- Company's working capital requirements have reduced from 32.5 days to 18.6 days
Cons
- The company has delivered a poor sales growth of 3.33% over past five years.
- Tax rate seems low
- Company has a low return on equity of 12.1% over last 3 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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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 248 | 352 | 385 | 405 | 473 | 526 | 575 | 490 | 544 | 682 | 606 | 677 | 722 | |
| 251 | 290 | 324 | 338 | 411 | 467 | 500 | 447 | 485 | 603 | 542 | 607 | 652 | |
| Operating Profit | -4 | 63 | 61 | 67 | 62 | 59 | 75 | 43 | 59 | 79 | 64 | 70 | 70 |
| OPM % | -2% | 18% | 16% | 17% | 13% | 11% | 13% | 9% | 11% | 12% | 11% | 10% | 10% |
| 70 | 5 | 5 | 6 | 27 | 33 | 12 | 23 | 10 | 14 | 25 | 15 | 16 | |
| Interest | 11 | 9 | 10 | 14 | 16 | 20 | 32 | 35 | 27 | 33 | 27 | 27 | 26 |
| Depreciation | 8 | 12 | 10 | 9 | 13 | 11 | 15 | 19 | 15 | 17 | 16 | 17 | 17 |
| Profit before tax | 48 | 46 | 47 | 50 | 60 | 61 | 40 | 13 | 28 | 43 | 46 | 40 | 42 |
| Tax % | 24% | 26% | 34% | 32% | 22% | 28% | 15% | -4% | 14% | 17% | 19% | 14% | |
| 36 | 34 | 31 | 34 | 47 | 44 | 34 | 13 | 24 | 36 | 37 | 34 | 37 | |
| EPS in Rs | 60.42 | 56.90 | 51.08 | 56.78 | 77.78 | 73.07 | 56.97 | 22.02 | 39.48 | 59.20 | 61.67 | 57.42 | 61.71 |
| Dividend Payout % | 40% | 42% | 47% | 44% | 32% | 34% | 44% | 114% | 63% | 42% | 41% | 44% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 3% |
| 3 Years: | 8% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 0% |
| 3 Years: | 13% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 114 | 131 | 144 | 177 | 206 | 231 | 228 | 241 | 250 | 277 | 294 | 308 | 319 |
| 100 | 94 | 139 | 130 | 182 | 225 | 321 | 259 | 232 | 183 | 168 | 150 | 182 | |
| 160 | 188 | 217 | 231 | 193 | 214 | 229 | 207 | 219 | 274 | 256 | 286 | 301 | |
| Total Liabilities | 380 | 419 | 506 | 544 | 587 | 677 | 784 | 713 | 707 | 740 | 724 | 751 | 809 |
| 134 | 135 | 217 | 215 | 217 | 213 | 317 | 303 | 352 | 317 | 315 | 304 | 299 | |
| CWIP | 70 | 84 | 0 | 0 | 57 | 103 | 72 | 75 | 9 | 9 | 0 | 0 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 29 | 11 | 59 |
| 175 | 199 | 289 | 329 | 313 | 361 | 395 | 335 | 346 | 412 | 380 | 435 | 448 | |
| Total Assets | 380 | 419 | 506 | 544 | 587 | 677 | 784 | 713 | 707 | 740 | 724 | 751 | 809 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 40 | 34 | 48 | 20 | -13 | 40 | 103 | 53 | 79 | 75 | 92 | |
| -42 | -17 | -3 | -3 | -49 | -34 | -45 | -4 | -2 | 29 | -15 | 17 | |
| 22 | -23 | 13 | -24 | 17 | 5 | -5 | -82 | -45 | -89 | -52 | -59 | |
| Net Cash Flow | -12 | -1 | 44 | 21 | -12 | -41 | -11 | 17 | 6 | 19 | 7 | 50 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 89 | 61 | 74 | 68 | 71 | 80 | 70 | 64 | 83 | 104 | 97 | 76 |
| Inventory Days | 189 | 236 | 239 | 318 | 265 | 241 | 286 | 254 | 252 | 161 | 180 | 137 |
| Days Payable | 81 | 122 | 125 | 63 | 62 | 50 | 51 | 34 | 41 | 58 | 51 | 55 |
| Cash Conversion Cycle | 197 | 175 | 188 | 323 | 274 | 272 | 305 | 284 | 294 | 207 | 226 | 158 |
| Working Capital Days | -30 | 4 | 3 | 70 | 20 | 65 | 65 | 40 | 56 | 56 | 23 | 19 |
| ROCE % | 31% | 24% | 22% | 21% | 17% | 14% | 14% | 9% | 11% | 16% | 15% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Newspaper Publication of Financial Results for the quarter and nine months ended 31st December, 2025
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Announcement under Regulation 30 (LODR)-Change in RTA
11 Feb - Board approved change of RTA from Bigshare to NDML; effective date to be communicated.
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Board Meeting Outcome for Outcome Of Board Meeting For Consideration Of Unaudited Financial Results For The Quarter & Nine Months Ended 31St December, 2025
11 Feb - Board approved Q3/9M FY2026 results; Rs50.55Cr Gabon receivable; Rs21.18Cr provision this quarter.
-
Board Meeting Intimation for Consideration Of Unaudited Financial Results For The Quarter & Nine Months Ended 31St December, 2025 & Closure Of Trading Window
29 Jan - Board meeting Feb 11, 2026 to consider unaudited quarter and nine-month results ended 31 Dec 2025; trading window closed.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jan
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Services Offered:[1]
a) Manufacture of Amber Glass
Bottles for the Pharmaceutical
Industry.
b) Representing a number of foreign manufacturers of Precision Machine
Tools, Measuring Instruments, Testing Machines, designing and marketing of
Industrial Equipment.
c) Imports Frozen & Chilled Foods
from around the Globe and distribute
it to leading Hotels & Restaurants.
d) Provides office space on Leave
and License basis to multinational
companies and banks.
e) Developing residential, commercial
and industrial galas on the land measuring
35 Acres at Ambernath with NOC from MIDC.
f) Provides customizable co-sharing of office space solutions to clients to run their business without increasing start-up costs and overhead expenses.