Empire Industries Ltd
₹ 1,085
2.24%
08 Aug
- 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 ₹ 651 Cr.
- Current Price ₹ 1,085
- High / Low ₹ 1,599 / 922
- Stock P/E 18.9
- Book Value ₹ 523
- Dividend Yield 2.30 %
- ROCE 14.4 %
- ROE 11.2 %
- 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.
- Company's cost of borrowing seems high
* 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.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
Upcoming result date: 13 August 2025
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
248 | 352 | 385 | 405 | 473 | 526 | 575 | 490 | 544 | 682 | 606 | 677 | |
251 | 290 | 324 | 338 | 411 | 467 | 500 | 447 | 485 | 603 | 542 | 607 | |
Operating Profit | -4 | 63 | 61 | 67 | 62 | 59 | 75 | 43 | 59 | 79 | 64 | 70 |
OPM % | -2% | 18% | 16% | 17% | 13% | 11% | 13% | 9% | 11% | 12% | 11% | 10% |
70 | 5 | 5 | 6 | 27 | 33 | 12 | 23 | 10 | 14 | 25 | 15 | |
Interest | 11 | 9 | 10 | 14 | 16 | 20 | 32 | 35 | 27 | 33 | 27 | 27 |
Depreciation | 8 | 12 | 10 | 9 | 13 | 11 | 15 | 19 | 15 | 17 | 16 | 17 |
Profit before tax | 48 | 46 | 47 | 50 | 60 | 61 | 40 | 13 | 28 | 43 | 46 | 40 |
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 | |
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 |
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: | 14% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | -5% |
5 Years: | 14% |
3 Years: | 15% |
1 Year: | 2% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
100 | 94 | 139 | 130 | 182 | 225 | 321 | 259 | 232 | 183 | 168 | 150 | |
160 | 188 | 217 | 231 | 193 | 214 | 229 | 207 | 219 | 274 | 259 | 286 | |
Total Liabilities | 380 | 419 | 506 | 544 | 587 | 677 | 784 | 713 | 707 | 740 | 727 | 751 |
134 | 135 | 217 | 215 | 217 | 213 | 317 | 303 | 352 | 317 | 315 | 304 | |
CWIP | 70 | 84 | -0 | 0 | 57 | 103 | 72 | 75 | 9 | 9 | 0 | 0 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 1 | 29 | 11 |
175 | 199 | 289 | 329 | 313 | 361 | 395 | 335 | 346 | 412 | 383 | 435 | |
Total Assets | 380 | 419 | 506 | 544 | 587 | 677 | 784 | 713 | 707 | 740 | 727 | 751 |
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 | 98 | 76 |
Inventory Days | 189 | 236 | 239 | 318 | 265 | 241 | 286 | 254 | 252 | 161 | 180 | 113 |
Days Payable | 81 | 122 | 125 | 63 | 62 | 50 | 51 | 34 | 41 | 58 | 51 | 45 |
Cash Conversion Cycle | 197 | 175 | 188 | 323 | 274 | 272 | 305 | 284 | 294 | 207 | 228 | 143 |
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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Mr. Joydeep Chakraborty Has Been Appointed As Divisional Director Of Empire Industrial Equipment, A Division Of Empire Industries Limited
1 Aug - Appointment of Joydeep Chakraborty as Divisional Director of Empire Industrial Equipment on Aug 1, 2025.
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Announcement under Regulation 30 (LODR)-Cessation
31 Jul - Divisional Director Mr. M N Srinivasan superannuated effective July 31, 2025.
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Board Meeting Intimation for Consideration Of Unaudited Financial Results For The Quarter Ended 30Th June, 2025 & Closure Of Trading Window
22 Jul - Board meeting on Aug 13, 2025, to consider Q1 unaudited results; trading window closed from July 1, 2024.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jul - Compliance certificate for securities dematerialization for quarter ended June 30, 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
10 Jul - CRISIL reaffirms Empire Industries' fixed deposit rating at CA-/S Stable for Rs.116 crore.
Annual reports
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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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Financial Year 2010
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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.