Empire Industries Ltd - Stock Valuation and Financial Performance

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. India’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 world’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 Group’s products and services. This has helped in Group’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 – “excellence in all its activities”.

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 – 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. Vitrum’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 – 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.