Empee Distilleries Ltd

Empee Distilleries Limited is engaged in Indian-Made Foreign Liquor (IMFL) business.

  • Market Cap: 9.28 Cr.
  • Current Price: 4.60
  • 52 weeks High / Low 7.45 / 2.45
  • Book Value: 82.65
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: -0.98 %
  • ROE: -24.08 %
  • Sales Growth (3Yrs): -23.05 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.06 times its book value
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of -13.19% over past five years.
Company has a low return on equity of -14.06% for last 3 years.
Contingent liabilities of Rs.54.68 Cr.
Promoters have pledged 99.90% of their holding.
Debtor days have increased from 97.56 to 123.94 days.
Promoter holding has decreased over last 3 years: -13.62%

Peer comparison Sector: Alcoholic Beverages // Industry: Breweries & Distilleries

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
186.61 145.57 187.31 84.69 93.92 18.66 24.03 2.39 1.98 1.13 0.85 0.79
181.72 139.74 185.21 88.16 96.69 24.80 59.41 2.29 2.23 2.04 1.78 1.63
Operating Profit 4.89 5.83 2.10 -3.47 -2.77 -6.14 -35.38 0.10 -0.25 -0.91 -0.93 -0.84
OPM % 2.62% 4.00% 1.12% -4.10% -2.95% -32.90% -147.23% 4.18% -12.63% -80.53% -109.41% -106.33%
Other Income -20.47 0.28 0.14 0.18 -0.03 3.51 2.49 0.00 0.00 0.55 2.16 0.01
Interest 9.37 8.12 9.41 10.22 12.03 11.29 13.01 0.00 0.00 0.00 0.00 0.00
Depreciation 2.36 3.14 -1.54 0.80 4.97 1.77 1.77 1.84 1.79 1.68 1.68 1.68
Profit before tax -27.31 -5.15 -5.63 -14.31 -19.80 -15.69 -47.67 -1.74 -2.04 -2.04 -0.45 -2.51
Tax % 75.76% -0.00% -1.24% 7.06% -165.45% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Net Profit -6.62 -5.15 -5.69 -13.30 -52.55 -15.68 -47.67 -1.74 -2.04 -2.04 -0.45 -2.51
EPS in Rs -3.28 -2.55 -2.82 -6.59 -26.05 -7.77 -23.63 -0.86 -1.01 -1.01 -0.22 -1.24
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Sep 2006 Sep 2007 Jun 2008 Mar 2009 Mar 2010 Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
127.14 166.51 158.81 193.81 266.03 287.28 464.86 270.05 502.95 320.93 241.63 229.14 4.75
115.73 140.68 142.24 173.67 226.07 246.82 397.54 236.62 461.38 281.39 254.63 227.26 7.68
Operating Profit 11.41 25.83 16.57 20.14 39.96 40.46 67.32 33.43 41.57 39.54 -13.00 1.88 -2.93
OPM % 8.97% 15.51% 10.43% 10.39% 15.02% 14.08% 14.48% 12.38% 8.27% 12.32% -5.38% 0.82% -61.68%
Other Income 11.21 11.79 6.29 6.12 2.82 9.04 8.92 5.59 2.99 1.86 30.07 0.57 2.72
Interest 3.47 5.96 4.64 7.06 10.47 15.27 26.59 23.60 35.11 25.04 30.36 39.96 0.00
Depreciation 1.46 1.81 2.06 4.59 6.09 6.26 10.25 9.68 11.78 12.98 2.75 7.37 6.83
Profit before tax 17.69 29.85 16.16 14.61 26.22 27.97 39.40 5.74 -2.33 3.38 -16.04 -44.88 -7.04
Tax % 13.06% 32.66% 30.01% 30.73% 34.82% 24.20% 42.13% -93.21% -18.03% 48.82% -221.07% -70.90%
Net Profit 15.38 20.10 11.31 10.12 17.09 21.20 22.80 11.09 -2.75 1.72 -51.51 -76.70 -7.04
EPS in Rs 6.80 5.96 7.97 10.33 7.89 5.67 0.00 0.91 0.00 0.00 -3.48
Dividend Payout % 0.00% 0.00% 84.04% 93.92% 66.74% 44.83% 8.34% 17.14% -0.00% 0.00% -0.00% -0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:3.24%
5 Years:-13.19%
3 Years:-23.05%
TTM:-96.58%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:92.59%
Stock Price CAGR
10 Years:-29.29%
5 Years:-35.68%
3 Years:-50.94%
1 Year:-30.83%
Return on Equity
10 Years:%
5 Years:-8.15%
3 Years:-14.06%
Last Year:-24.08%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Sep 2006 Sep 2007 Jun 2008 Mar 2009 Mar 2010 Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Dec 2019
14.20 14.20 19.01 19.01 19.01 19.01 19.01 19.01 19.01 19.01 65.30 55.80 20.18
Reserves 55.99 59.80 234.13 233.13 236.87 246.87 267.26 275.94 284.17 285.69 295.60 218.71 146.58
Borrowings 41.55 77.58 46.95 64.96 87.76 145.74 148.20 135.66 131.07 113.24 120.36 118.16 137.70
37.83 39.26 54.35 62.16 62.65 85.78 130.13 156.82 233.49 244.27 275.54 355.67 336.58
Total Liabilities 149.57 190.84 354.44 379.26 406.29 497.40 564.60 587.43 667.74 662.21 711.68 712.72 641.04
46.38 41.31 85.09 88.77 88.10 95.30 104.13 184.92 192.40 178.57 314.04 307.80 295.60
CWIP 7.42 36.23 4.42 8.90 13.10 53.34 83.65 3.82 0.00 0.00 0.00 0.00 0.00
Investments 16.67 8.07 45.13 103.71 185.02 67.05 228.89 279.97 279.97 279.97 184.65 184.65 184.65
79.10 105.23 219.80 177.88 120.07 281.71 147.93 118.72 195.37 203.67 212.99 220.27 160.79
Total Assets 149.57 190.84 354.44 379.26 406.29 497.40 564.60 587.43 667.74 662.21 711.68 712.72 641.04

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Sep 2006 Sep 2007 Jun 2008 Mar 2009 Mar 2010 Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-16.36 -3.96 -80.53 89.80 86.21 47.92 93.98 100.04 29.43 46.54 -53.03 0.00
-6.16 -27.67 -51.09 -90.37 -90.92 -74.47 -62.77 -61.88 -4.00 -0.05 26.97 0.00
21.52 30.56 137.37 0.41 -0.67 29.86 -34.00 -39.38 -24.61 -44.62 23.02 0.00
Net Cash Flow -1.00 -1.07 5.75 -0.16 -5.38 3.31 -2.79 -1.22 0.82 1.88 -3.04 0.00

Ratios Standalone Figures in Rs. Crores / View Consolidated

Sep 2006 Sep 2007 Jun 2008 Mar 2009 Mar 2010 Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 22.54% 10.10% 9.25% 11.11% 9.91% 15.60% 6.78% 7.58% 6.67% 1.42% -0.98%
Debtor Days 33.96 37.86 41.07 42.47 29.58 38.29 42.20 61.35 38.72 75.39 93.35 123.94
Inventory Turnover 6.12 6.33 6.46 7.99 7.95 11.27 5.54 8.27 3.46 2.36 2.54

Shareholding pattern in percentages

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
61.41 57.86 57.86 57.86 56.51 54.15 54.07 47.79 47.79 47.79 47.79 47.79
0.00 4.66 4.66 4.66 4.66 4.66 4.66 4.66 4.66 4.66 4.66 4.66
0.20 0.19 0.08 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.13
38.40 37.30 37.40 37.42 38.76 41.12 41.20 47.48 47.48 47.48 47.48 47.42