Empire Industries Ltd

Empire Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Empire Industries Ltd

₹ 1,060 -2.22%
18 Apr - close price
empiremumbai.com BSE: 509525
About

Empire Industries Limited is engaged in the business of manufacturing container glass, trading in frozen foods, indenting and property development. [1]

Key Points

Company History
Mr S.C Malhotra acquired Empire Dyeing Co Ltd in 1963. The Co was well known for decades as the leading textile processing house in India, having operations limited to only bleaching, dyeing and finishing of cotton products. In 1975, the Co’s name changed to Empire Industries Ltd[1]

Website BSE
  • Market Cap ₹ 636 Cr.
  • Current Price ₹ 1,060
  • High / Low ₹ 1,247 / 650
  • Stock P/E 16.7
  • Book Value ₹ 475
  • Dividend Yield 2.36 %
  • ROCE 15.5 %
  • ROE 12.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 73.0%

Cons

  • The company has delivered a poor sales growth of 7.57% over past five years.
  • Company has a low return on equity of 9.28% over last 3 years.
  • Earnings include an other income of Rs.24.2 Cr.
  • Debtor days have increased from 83.8 to 104 days.

* 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

Sector: Diversified Industry: Diversified - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
130 130 97 112 143 192 148 184 172 178 148 154 153
122 128 89 100 130 167 132 165 156 151 132 135 146
Operating Profit 8 2 8 12 13 25 16 20 16 27 16 19 7
OPM % 6% 1% 9% 11% 9% 13% 11% 11% 9% 15% 11% 12% 5%
6 15 5 1 1 3 2 2 6 4 2 3 15
Interest 8 10 6 6 6 10 7 8 7 11 6 8 5
Depreciation 4 6 4 3 4 4 4 4 4 4 4 4 4
Profit before tax 2 0 4 4 5 15 7 9 10 16 8 10 12
Tax % 39% -777% 10% 18% 30% 9% 17% 14% 22% 15% 25% 20% 16%
1 4 4 3 4 13 6 8 8 14 6 8 10
EPS in Rs 2.10 6.42 5.85 5.65 5.83 22.17 9.92 13.02 13.67 22.62 10.20 13.43 17.03
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Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
241 278 248 352 385 405 473 526 575 490 544 682 632
183 223 251 290 324 338 411 467 500 447 485 603 563
Operating Profit 59 55 -4 63 61 67 62 59 75 43 59 79 68
OPM % 24% 20% -2% 18% 16% 17% 13% 11% 13% 9% 11% 12% 11%
5 8 70 5 5 6 27 33 12 23 10 14 24
Interest 6 9 11 9 10 14 16 20 32 35 27 33 29
Depreciation 7 7 8 12 10 9 13 11 15 19 15 17 17
Profit before tax 50 47 48 46 47 50 60 61 40 13 28 43 46
Tax % 25% 25% 24% 26% 34% 32% 22% 28% 15% -4% 14% 17%
37 35 36 34 31 34 47 44 34 13 24 36 38
EPS in Rs 61.67 58.55 60.42 56.90 51.08 56.78 77.78 73.07 56.97 22.02 39.48 59.20 63.28
Dividend Payout % 39% 41% 40% 42% 47% 44% 32% 34% 44% 114% 63% 42%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 6%
TTM: -9%
Compounded Profit Growth
10 Years: 0%
5 Years: 0%
3 Years: -1%
TTM: 8%
Stock Price CAGR
10 Years: 6%
5 Years: 5%
3 Years: 20%
1 Year: 49%
Return on Equity
10 Years: 15%
5 Years: 11%
3 Years: 9%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 76 94 114 131 144 177 206 231 228 241 250 277 279
58 62 100 94 139 130 182 225 321 259 232 183 195
143 156 160 188 217 231 193 214 229 207 219 274 267
Total Liabilities 284 318 380 419 506 544 587 677 784 713 707 740 747
137 134 134 135 217 215 217 213 317 303 352 317 310
CWIP 0 38 70 84 0 0 57 103 72 75 9 9 13
Investments 0 0 0 0 0 0 0 0 0 0 0 1 2
147 146 175 199 289 329 313 361 395 335 346 412 423
Total Assets 284 318 380 419 506 544 587 677 784 713 707 740 747

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
35 35 8 40 34 48 20 -13 40 103 53 79
-46 -23 -42 -17 -3 -3 -49 -34 -45 -4 -2 29
4 -13 22 -23 13 -24 17 5 -5 -82 -45 -89
Net Cash Flow -7 -1 -12 -1 44 21 -12 -41 -11 17 6 19

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 78 70 89 61 74 68 71 80 70 64 83 104
Inventory Days 123 110 189 236 239 318 265 241 286 254 252 161
Days Payable 111 114 81 122 125 63 62 50 51 34 41 58
Cash Conversion Cycle 91 66 197 175 188 323 274 272 305 284 294 207
Working Capital Days -30 -9 58 57 73 124 90 132 142 113 114 92
ROCE % 46% 37% 31% 24% 22% 21% 17% 14% 14% 9% 11% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55%
12.49% 12.49% 12.32% 12.14% 12.10% 10.45% 8.93% 8.55% 7.48% 6.45% 6.38% 6.38%
14.96% 14.96% 15.12% 15.30% 15.35% 17.01% 18.50% 18.89% 19.95% 20.99% 21.06% 21.07%
No. of Shareholders 5,5965,7025,5685,5935,9706,6636,5616,5146,6226,7196,8336,908

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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