MarketFriction

Empire Industries Ltd

NSE EMPIND · BSE 509525 · Diversified
₹1,059.20 +0.20%
NSE close2026-10-01
52 week range1,002.10 - 1,248.00
Market cap₹631 Cr.
P/E11.2
Price band 20% Delivery 70.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales154153152152163176186167180189195184
Expenses135146129135144158170151159171162164
Operating Profit19723161918161521173320
OPM %12%4.5%15%11%12%10%9%9%12%9%17%11%
Other Income3155345335556
Interest8585778586105
Depreciation444444544444
Profit before tax10121511111261014122417
Tax %20%16%17%9%13%9%32%7%10%12%21%17%
Net Profit8101310101141012111914
EPS in Rs13.4317.0321.0016.1516.3517.537.4016.0320.6517.6331.5823.62
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales385405473526575490544682606677731748
Expenses324338411467500447485603542607644657
Operating Profit616762597543597964708791
OPM %16%17%13%11%13%9%11%12%11%10%12%12%
Other Income5627331223101425151821
Interest101416203235273327272828
Depreciation10913111519151716171617
Profit before tax475060614013284346406067
Tax %34%32%22%28%15%-4%14%17%19%14%14%
Net Profit313447443413243637345256
EPS in Rs51.0856.7877.7873.0756.9722.0239.4859.2061.6757.4285.9293.48
Dividend Payout %47%44%32%34%44%114%63%42%41%44%29%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%8%2%8%
Compounded Profit Growth5%32%15%64%
Stock Price CAGR-4%6%-1%-5%
Return on Equity13%12%13%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666666666666
Reserves131144177206231228241250277294308345
Borrowings94139130182225321259232183168150172
Other Liabilities188217231193214229207219274256286292
Total Liabilities419506544587677784713707740724751815
Fixed Assets135217215217213317303352317315304301
CWIP840057103727599002
Investments000000001291160
Other Assets199289329313361395335346412380435453
Total Assets419506544587677784713707740724751815
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity40344820-13401035379759259
Cash from Investing Activity-17-3-3-49-34-45-4-229-1517-51
Cash from Financing Activity-2313-24175-5-82-45-89-52-59-20
Net Cash Flow-14421-12-41-1117619750-13
Free Cash Flow202849-34-50-99644103648646
CFO/OP87%77%96%54%2%66%242%103%80%132%133%86%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6174687180706483104977668
Inventory Days236239318265241286254252161180137186
Days Payable12212563625051344158515555
Cash Conversion Cycle175188323274272305284294207226158199
Working Capital Days4370206565405656231936
ROCE %24%22%21%17%14%14%9%11%16%15%14%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%
DIIs6.45%6.38%6.38%6.37%5.95%5.95%5.95%5.95%5.95%5.95%5.95%5.95%
Public20.99%21.06%21.07%21.07%21.49%21.50%21.49%21.50%21.50%21.49%21.49%21.48%
No. of Shareholders6,7196,8336,9087,0447,5177,2877,3097,2217,6037,7037,5827,635

Fundamentals

Market Cap₹ 631 Cr.
Current Price₹ 1,046
Stock P/E11.2
Book Value₹ 586
ROCE18.0 %
ROE15.6 %
Dividend Yield2.39 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)64%
Standalone figures.
Valuation
Market capRs 636 Cr
Enterprise valueRs 688 Cr
P/E (TTM)11.33x
Price to book1.81x
Price to sales0.85x
EV / EBITDA6.16x
EV / EBIT7.23x
EV / sales0.92x
Price to cash flow10.77x
Earnings yield8.83%
Dividend yield2.36%
P/E, 3-year average14.13x
P/B, 3-year average1.73x
P/E, 5-year average13.57x
P/B, 5-year average1.58x
Profitability
Operating margin (excl. other income)11.86%
Operating margin (incl. other income)14.33%
EBITDA margin14.93%
Pre-tax margin8.96%
Net profit margin7.50%
Net margin, latest quarter7.72%
ROE15.49%
ROCE17.89%
ROA6.58%
ROE, 3-year average13.13%
ROCE, 3-year average15.94%
ROA, 3-year average5.44%
ROE, 5-year average12.40%
ROCE, 5-year average14.95%
ROA, 5-year average4.91%
ROIC (approx.)20.20%
Tax rate14.27%
Other income / net worth5.14%
Growth
Sales growth (latest year)8.01%
Profit growth (latest year)49.64%
Sales CAGR, 3 years2.37%
Sales CAGR, 5 years8.32%
Profit CAGR, 3 years13.22%
Profit CAGR, 5 years31.30%
Sales growth QoQ-6.02%
Profit growth QoQ-25.22%
Sales growth YoY (latest quarter)10.07%
Profit growth YoY (latest quarter)47.30%
Per share
EPS (TTM)Rs 93.48
EPS (latest year)Rs 85.92
EPS (latest quarter)Rs 23.62
EPS, 3-year averageRs 68.33
EPS, 5-year averageRs 60.74
Book value per shareRs 585.78
Sales per shareRs 1,246.65
Cash flow per shareRs 98.35
Free cash flow per shareRs 76.67
Dividend per share (latest year)Rs 25.00
Dividend per share, 3-year averageRs 25.00
Dividend per share, 5-year averageRs 25.00
Dividends
Dividend payout29.10%
Dividend payout, 3-year average37.73%
Dividend payout, 5-year average43.75%
Efficiency
Asset turnover0.90x
Fixed asset turnover2.43x
Inventory turnover2.79x
Inventory days131 days
Debtor days68 days
Debtors turnover5.37x
Creditor days55 days
Cash conversion cycle199 days
Working capital days36 days
Leverage
Total debtRs 172 Cr
Cash and bankRs 120 Cr
Net debtRs 52 Cr
Debt to equity0.49x
Net debt / EBITDA0.47x
Interest coverage3.38x
Owners' fund to total sources43.12%
Debt to assets21.10%
Cash flow
Cash from Operating Activity (latest year)Rs 59 Cr
Cash from Investing Activity (latest year)Rs -51 Cr
Cash from Financing Activity (latest year)Rs -20 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs 46 Cr
FCFE (approx.: FCF + change in debt)Rs 68 Cr
Cash from ops / profit, 5 years1.96x
Sales to cash flow12.39x
Statement figures
Net sales (TTM)Rs 748 Cr
Net sales (latest year)Rs 731 Cr
Sales (latest quarter)Rs 184 Cr
Operating profit excl. other income (latest year)Rs 87 Cr
Operating profit (latest quarter)Rs 20 Cr
Other income (TTM)Rs 21 Cr
EBITDA (TTM)Rs 112 Cr
PBDT (TTM)Rs 84 Cr
Profit before tax (TTM)Rs 67 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 56 Cr
Net profit (latest year)Rs 52 Cr
Net profit (latest quarter)Rs 14 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 28 Cr
Cost of goods sold (latest year)Rs 399 Cr
Total expenditure (latest year)Rs 644 Cr
Total income (latest year)Rs 749 Cr
Share capitalRs 6 Cr
ReservesRs 345 Cr
Shareholders' fundsRs 351 Cr
Total assetsRs 815 Cr
Net blockRs 301 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 60 Cr
ReceivablesRs 136 Cr
InventoryRs 143 Cr
Other liabilitiesRs 292 Cr
Shares outstanding (crore)0.60
Ownership
Promoter holding72.55% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.3 is at the 21th percentile of its own 9.4-year range (median 16.4, low 7.2, high 41.8).
P/B 1.81 is at the 42th percentile (median 1.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodEMPINDNifty 50Difference
1 week+0.7%-2.8% +3.5 pts
1 month-12.4%-6.8% -5.6 pts
3 years-1.6%+14.2% -15.8 pts
5 years+34.1%+27.9% +6.2 pts

Red flags

F-score 6 of 8
lookInventory outrunning sales Inventory grew 48% vs sales +8% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹184 Cr +10.2% vs Jun 2025. Net profit ₹14 Cr +40.0%.
Against our estimate for Jun 2026: sales +3.8%, profit +24.9% in line. Our estimate for Sep 2026: sales Rs 194 Cr, profit Rs 14 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-09Dividend - Rs 25 Per Share & Special Dividend Rs 25 Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Empire Industries Ltd?

Empire Industries Ltd (EMPIND) has a market capitalisation of Rs 631 Cr. at the 2026-10-01 close.

What is the P/E ratio of Empire Industries Ltd?

Empire Industries Ltd trades at a P/E of 11.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Empire Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Empire Industries Ltd sales was Rs 184 Cr (+10.2% vs Jun 2025) and net profit was Rs 14 Cr.

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

The 52-week high is Rs 1,248.00 and the 52-week low is Rs 1,002.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03