Is Empire Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Empire Industries Ltd is a good quality company .

Is Empire Industries undervalued or overvalued?

The key valuation ratios of Empire Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Empire Industries share price return in the past 10 years?

Empire Industries Ltd share price has appreciated 2.5% annually (CAGR) over the past ten years.

Is Empire Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Empire Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Empire Industries?

The latest standalone P/E ratio of Empire Industries as of 31-Dec-2024 is 18.35.

What is the P/B ratio of Empire Industries?

The latest standalone P/B ratio of Empire Industries as of 31-Dec-2024 is 2.54.

What is the 52-week high and low of Empire Industries?

The 52-week high of Empire Industries is Rs. 1599.00 and the 52-week low is Rs. 800.00.

Empire Industries Ltd - Stock Valuation and Financial Performance

Name: Empire Industries
Brand: Empire Industries

BSE: 509525 | NSE: | Glass | Small Cap

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Empire Inds Share Price

₹1,275 -19.40 -1.50%
as on 31-Dec'24 09:49

10 Year X-Ray of Empire Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	24.6%	21.7%	21.3%	21.6%	18.9%	14.5%	9.5%	11.5%	16.3%	15.9%	-
Value Creation Index ⓘ	0.8	0.6	0.5	0.5	0.4	0.0	-0.3	-0.2	0.2	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	354	385	405	473	526	575	490	544	682	606	620
Sales YoY Gr.	-	8.7%	5.2%	16.8%	11.2%	9.2%	-14.7%	11%	25.3%	-11.1%	-
Adj EPS ⓘ	56.7	49.3	55.7	56.2	49.4	52	20.5	37.7	54.3	59	70.5
YoY Gr.	-	-13%	13%	0.9%	-12.2%	5.3%	-60.6%	83.8%	44.3%	8.6%	-
BVPS (₹) ⓘ	227.3	249.7	305.3	353.5	395.6	389.5	411.7	426.2	472.4	500.4	509.5
Adj Net Profit ⓘ	34	29.6	33.4	33.7	29.6	31.2	12.3	22.6	32.6	35.4	42
Cash Flow from Ops. ⓘ	39.6	34.4	48.2	19.9	-12.6	39.7	103	52.8	79.1	74.7	-
Debt/CF from Ops. ⓘ	2.4	4.1	2.7	9.1	-17.9	7.4	2.2	4.2	2.1	2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.2%	2.9%	7.3%	-11.1%
Adj EPS ⓘ	0.4%	3.6%	42.3%	8.6%
BVPSⓘ	9.2%	4.8%	6.7%	5.9%
Share Price	2.5%	12.4%	22.7%	36.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	26.6	20.7	20.1	17.1	13.2	13.2	5.1	9	12.1	12.1	14
Op. Profit Mgn % ⓘ	17.7	15.9	16.7	13.1	11.2	13	8.8	10.8	11.5	10.6	10.5
Net Profit Mgn % ⓘ	9.6	7.7	8.3	7.1	5.6	5.4	2.5	4.2	4.8	5.8	6.8
Debt to Equity ⓘ	0.7	0.9	0.7	0.9	1	1.3	0.9	0.9	0.6	0.5	0.2
Working Cap Days ⓘ	153	173	156	176	190	217	242	195	169	193	112
Cash Conv. Cycle ⓘ	84	88	88	130	137	153	167	136	125	148	36

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.00%

Net Profit is growing at healthy rate in last 3 years 42.27%

Debt to equity has declined versus last 3 years average to 0.53

Sales growth has been subdued in last 3 years 7.32%

Sales growth is not so good in last 4 quarters at -4.10%

Latest Financials - Empire Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	70.5	6.5
TTM Sales (₹ Cr.)	620	57.2
BVPS (₹.) ⓘ	509.5	0
Reserves (₹ Cr.) ⓘ	300	21
P/BV ⓘ	2.54	0.00
PE ⓘ	18.35	197.85

From the Market
52 Week Low / High (₹)	800.00 / 1599.00
All Time Low / High (₹)	2.05 / 2598.00
Market Cap (₹ Cr.)	777
Equity (₹ Cr.)	6
Face Value (₹)	10
Industry PE ⓘ	43.2

Management X-Ray of Empire Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Empire Inds

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Empire Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	354	385	405	473	526	575	490	544	682	606
Operating Expenses ⓘ	291	324	338	411	467	500	447	485	603	542
Manufacturing Costs	53	47	49	116	86	99	103	125	143	121
Material Costs	124	149	146	145	218	233	192	157	249	215
Employee Cost	64	67	73	81	92	105	93	100	116	128
Other Costs ⓘ	50	61	70	70	72	64	60	103	96	78
Operating Profit ⓘ	63	61	67	62	59	75	43	59	78	64
Operating Profit Margin (%)	17.7%	15.9%	16.6%	13.1%	11.2%	13.0%	8.8%	10.8%	11.5%	10.6%
Other Income ⓘ	5	5	6	27	33	19	23	10	15	25
Interest ⓘ	9	10	14	16	20	32	35	27	33	27
Depreciation ⓘ	12	10	9	13	11	15	19	15	17	16
Exceptional Items ⓘ	0	0	0	0	0	-6	0	0	0	0
Profit Before Tax ⓘ	46	47	50	60	61	40	13	28	43	46
Tax ⓘ	12	16	16	13	17	6	-1	4	7	9
Profit After Tax	34	31	34	47	44	34	13	24	36	37
PAT Margin (%)	9.6%	8.0%	8.4%	9.9%	8.3%	5.9%	2.7%	4.4%	5.2%	6.1%
Adjusted EPS (₹)	56.9	51.1	56.8	77.8	73.1	57.0	22.0	39.5	59.2	61.7
Dividend Payout Ratio (%)	42%	47%	44%	32%	34%	44%	114%	63%	42%	41%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	137	150	183	212	237	234	247	256	283	300
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	131	144	177	206	231	228	241	250	277	294
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	94	139	130	182	217	282	216	205	158	150
Long Term Debt	43	66	69	92	120	162	135	136	104	59
Short Term Debt	51	73	61	90	97	119	81	69	54	91
Trade Payables	42	55	25	25	30	32	18	17	40	30
Others Liabilities ⓘ	146	162	206	169	193	236	232	228	258	247
Total Liabilities ⓘ	419	506	544	587	677	784	713	707	740	727
Fixed Assets
Gross Block	217	308	314	320	323	409	417	470	444	456
Accumulated Depreciation	82	91	99	103	110	93	114	118	127	141
Net Fixed Assetsⓘ	135	217	215	217	213	317	303	352	317	315
CWIP ⓘ	84	0	0	57	103	72	75	9	9	0
Investmentsⓘ	0	0	0	0	0	0	0	0	1	29
Inventories	80	105	127	105	144	183	133	108	110	106
Trade Receivables	59	79	76	92	116	109	86	124	195	164
Cash Equivalents	33	77	98	86	42	32	48	53	74	79
Others Assetsⓘ	26	28	28	30	60	72	67	62	34	34
Total Assets ⓘ	419	506	544	587	677	784	713	707	740	727

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	40	34	48	20	-13	40	103	53	79	75
PBT ⓘ	46	47	50	60	61	40	13	28	43	46
Adjustment ⓘ	23	21	22	10	12	35	40	39	59	20
Changes in Working Capital ⓘ	-4	-11	-8	-37	-72	-27	52	-6	-39	19
Tax Paid ⓘ	-15	-13	-16	-14	-14	-9	-2	-8	16	-10
Cash Flow From Investing Activity ⓘ	-17	-3	-3	-49	-34	-45	-4	-2	29	-15
Capex	-19	-6	-7	-54	-37	-48	-7	-9	24	-11
Net Investments	0	0	0	0	0	0	0	0	0	-27
Others ⓘ	2	3	4	5	4	3	3	7	6	23
Cash Flow From Financing Activityⓘ	-23	13	-24	17	5	-5	-82	-45	-89	-52
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	-12	-17	-20	-30	-33	-27	-33	-27
Dividend Paid ⓘ	-17	-32	-3	-15	-15	-30	0	-4	-4	-15
Others ⓘ	-6	45	-8	49	40	55	-49	-13	-52	-10
Net Cash Flow ⓘ	-1	44	21	-12	-41	-11	17	6	19	7

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.68	21.42	20.46	23.62	19.5	14.51	5.49	9.43	13.18	12.68
ROCE (%)	24.57	21.69	21.25	21.59	18.85	14.53	9.47	11.45	16.33	15.87
Asset Turnover Ratio	0.91	0.86	0.98	0.84	0.83	0.79	0.66	0.77	0.94	0.83
PAT to CFO Conversion(x)	1.18	1.1	1.41	0.43	-0.3	1.18	7.92	2.21	2.19	2.03
Working Capital Days
Receivable Days	60	63	54	64	72	72	73	70	85	108
Inventory Days	66	85	82	89	86	104	118	81	58	65
Payable Days	94	118	100	63	46	49	48	41	42	59

Empire Industries Ltd Stock News

Empire Industries Ltd FAQs

What is the share price of Empire Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Empire Inds on 31-Dec-2024 09:49 is ₹1,275.

What is the market cap of Empire Inds?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-2024 09:49 the market cap of Empire Inds stood at ₹776.6.

What is the P/E ratio of Empire Inds?

The latest P/E ratio of Empire Inds as of 31-Dec-2024 09:49 is 18.35.

What is the P/B ratio of Empire Inds?

The latest P/B ratio of Empire Inds as of 31-Dec-2024 09:49 is 2.54.

What is the 52-week high and low of Empire Inds?

The 52-week high of Empire Inds is ₹1,599 and the 52-week low is ₹800.0.

What is the TTM revenue of Empire Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Empire Inds is ₹619.9 ( Cr.) .

About Empire Industries Ltd

Empire Industries is a 105 year old public limited company -- a multi-faceted conglomerate with interests in diverse businesses and associated with several international partners in each operating division.

The company has business interests in machine tools, industrial equipments, vending, foods, real estate and glass containers for pharmaceuticals.

Like most businesses in India during the British rule, Empire too, was part of a British company. Indiaâ€™s independence, threw open new business opportunities for Indian Entrepreneurs and India awoke to life and freedom. The Empire Dyeing & Manufacturing Company, Bombay.

Empire Industries is a well diversified group of enterprises, whose manufacturing and marketing operations cover the areas of machine tools, industrial equipments, vending, foods, real estate and glass containers for pharmaceuticals.

As an agency house, representing some of the worldâ€™s best known manufacturers and by virtue of its own strengths in manufacturing and marketing, Empire Industries is associated with many major national and international organizations. Repeated renewal of contracts by these organizations reflects the strong faith that they have in Groupâ€™s products and services. This has helped in Groupâ€™s growth. The turnover is Rs 8 billion.

With marketing offices all over the country, a manufacturing unit in Mumbai and an employee strength of 1000, Empire Industries is looking at tomorrow with one unified aim â€“ â€œexcellence in all its activitiesâ€.

They realize that they are in business to create and keep a customer. At Empire, they concentrate on delivering best to the customer, what they consider to be of value.

The company believes that the customer is the foundation of their existence. Concern and responsibility for him permeates all areas of their organization. To achieve this, they empower their managers. They give them status, position, prominence and authority, but also emphasize their responsibilities. They emphasize that no employee of Empire Industries should ever knowingly do harm.

Different divisions of the company are:

Vitrum MFTM â€“ Vitrum Glass is an acknowledged and well respected leader in the manufacture and marketing of world quality amber glass containers for the pharmaceutical Industry both in India and abroad. Vitrumâ€™s fully automated plant produces one million glass containers daily, on fully automatic eight section double gob machines and is located in the heart of Mumbai, at Vikhroli. The glass containers are of capacities ranging from 5ml. to 500ml.
Empire MFTM-EMT-MFTM Division is engaged in sales and service of high quality advanced technology â€“ Metal Forming, Testing and Metrology Equipments and Project Consultancy for Engineering Industries.
Empire MCAT-EMT-MCAT - The division has a strong representation of world-class manufacturers of Metal Cutting Tools for Turning, Milling, Mill Turn Centers, Boring, Drilling, Surface, Center less, Double Disc Grinding, Roll Grinding, EDT Machines, Profiling and High Precision Class Broaching - each characterized with state of the art technology.
Empire Indusrial equipment- This division offers reliable, high-quality equipments and also provides flawless installation service support to world-renowned manufacturers in industries like ports, oil & gas pipelines, power generation, refineries, petrochemicals, chemicals, fertilizers, pharmaceuticals, metallurgical, forging, etc.
Empire Real Estate- This division manages and maintains Empire's existing property and develops new properties that are leased to various renowned companies.
Empire Vending- Recently, the concept of vending has been rated as one of the top 25 business ideas or innovations in India by leading CEOs, MDs and leaders of all industries. Empire launched its first snack vending machine in Oct. 2006 and has now, a pan-India presence (across Mumbai, Delhi, Bangalore, Pune, Jaipur and Hyderabad) of 400 vending machines that vend both food and non-food products like jewellery, stationery, cosmetics, apparels, mobile accessories, dry snacks, beverages, etc.
Empire Food- There is an ever-growing need for quality foods by top institutions like hotels, restaurants and catering chains. Empire Industries decided to enter the marine food segment by importing quality marine foods from abroad and marketing the same in India.