Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.20 | 17.12 | 87.00 | 38.00 | 45.72 | 23.72 | 16.09 | 26.55 | 34.70 | 47.81 | 44.30 | 37.38 |
| Expenses | 8.55 | 13.76 | 87.63 | 35.88 | 43.58 | 23.50 | 20.95 | 28.25 | 31.87 | 47.44 | 44.50 | 37.80 |
| Operating Profit | 0.65 | 3.36 | -0.63 | 2.12 | 2.14 | 0.22 | -4.86 | -1.70 | 2.83 | 0.37 | -0.20 | -0.42 |
| OPM % | 7.07% | 19.63% | -0.72% | 5.58% | 4.68% | 0.93% | -30.21% | -6.40% | 8.16% | 0.77% | -0.45% | -1.12% |
| Other Income | 0.00 | 0.00 | 3.23 | 0.00 | 0.00 | 0.83 | 5.11 | 1.87 | 0.00 | 0.70 | 14.20 | 1.91 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.65 | 3.36 | 2.60 | 2.12 | 2.14 | 1.05 | 0.25 | 0.17 | 2.83 | 1.07 | 14.00 | 1.49 |
| Tax % | 0.00% | 0.00% | 3.85% | 0.00% | 0.00% | 0.00% | 136.00% | 0.00% | 0.00% | 0.00% | 0.43% | 0.00% |
| Net Profit | 0.65 | 3.36 | 2.50 | 2.12 | 2.14 | 1.05 | -0.09 | 0.17 | 2.83 | 1.07 | 13.94 | 1.49 |
| EPS in Rs | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | -0.00 | 0.00 | 0.02 | 0.01 | 0.12 | 0.01 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 103 | 90 | 28 | 1 | 0 | 0 | 6 | 10 | 117 | 124 | 153 | 164 |
| Expenses | 103 | 85 | 28 | 1 | 0 | 0 | 6 | 10 | 113 | 124 | 152 | 162 |
| Operating Profit | -0 | 5 | 0 | -0 | -0 | -0 | -0 | 0 | 4 | -0 | 1 | 3 |
| OPM % | -0.1% | 6% | 0.2% | -20% | -483% | -1.4% | 1.9% | 3.2% | -0.0% | 0.9% | 1.6% | |
| Other Income | 0 | 0 | 0 | 0 | -13 | -8 | 0 | 0 | 3 | 6 | 17 | 17 |
| Interest | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 0 | -0 | 0 | -13 | -15 | -0 | 0 | 7 | 6 | 18 | 19 |
| Tax % | 43% | 69% | 0% | 25% | 0% | 0% | 0% | 20% | 1% | 6% | 0% | |
| Net Profit | -0 | 0 | -0 | 0 | -13 | -8 | -0 | 0 | 7 | 5 | 18 | 19 |
| EPS in Rs | -0.00 | 0.00 | -0.00 | 0.00 | -0.12 | -0.07 | -0.00 | 0.00 | 0.06 | 0.04 | 0.15 | 0.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 4% | % | 151% | 46% | ||
| Compounded Profit Growth | 56% | 178% | 383% | 491% | ||
| Stock Price CAGR | 13% | 63% | 21% | -28% | ||
| Return on Equity | 1% | 2% | 3% | 6% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 |
| Reserves | 222 | 247 | 239 | 222 | 222 | 151 | 142 | 176 | 176 | 183 | 188 | 206 |
| Borrowings | 0 | 43 | 42 | 170 | 166 | 166 | 0 | 0 | 1 | 0 | 21 | 36 |
| Other Liabilities | 43 | 63 | 86 | 48 | 34 | 28 | 2 | 4 | 5 | 16 | 42 | 71 |
| Total Liabilities | 381 | 470 | 484 | 556 | 539 | 461 | 261 | 297 | 298 | 316 | 367 | 430 |
| Fixed Assets | 0 | 107 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 272 | 256 | 254 | 273 | 273 | 230 | 197 | 208 | 207 | 200 | 193 | 207 |
| Other Assets | 109 | 107 | 116 | 283 | 265 | 231 | 64 | 89 | 92 | 116 | 174 | 223 |
| Total Assets | 381 | 470 | 484 | 556 | 539 | 461 | 261 | 297 | 298 | 316 | 367 | 430 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 15 | 8 | 5 | -10 | -1 | 14 | -23 | -16 | -1 | -6 | 18 | -36 |
| Cash from Investing Activity | -17 | -31 | -7 | -34 | 5 | -15 | 189 | 189 | 1 | 8 | 0 | -10 |
| Cash from Financing Activity | 0 | 25 | 1 | 42 | -4 | -0 | -166 | -166 | 1 | -1 | 21 | 15 |
| Net Cash Flow | -2 | 2 | -0 | -2 | 0 | -1 | -0 | 8 | 0 | 1 | 39 | -31 |
| Free Cash Flow | 15 | 3 | -2 | 104 | -1 | -1 | 2 | 10 | 0 | 1 | 18 | -36 |
| CFO/OP | 5,511% | -11,771% | 101% | -14,343% | 667% | -4,862% | 21,200% | 17,511% | -663% | -167% | -92,450% | -2,711% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 2 | 2 | 131 | 202 | 0 | 0 | 0 | 14 | 3 | 95 | |
| Inventory Days | 12 | 14 | 19 | 69 | 2,144 | 301 | 206 | 19 | 33 | 94 | ||
| Days Payable | 145 | 124 | 183 | 628 | 14,156 | 236 | 178 | 52 | 118 | 171 | ||
| Cash Conversion Cycle | -83 | -108 | -162 | -429 | -11,809 | 0 | 66 | 28 | -19 | -82 | 18 | |
| Working Capital Days | -83 | -108 | -171 | -430 | -12,053 | -152,935 | 79 | 1 | -7 | -130 | -22 | |
| ROCE % | -0% | 1% | 0% | 0% | -0% | -2% | -0% | 0% | 2% | 2% | 5% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% | 15.02% |
| FIIs | 0.00% | 0.00% | 0.25% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 84.98% | 84.99% | 84.72% | 84.96% | 84.95% | 84.95% | 84.95% | 84.96% | 84.96% | 84.95% | 84.97% | 84.95% |
| No. of Shareholders | 21,188 | 65,900 | 1,11,333 | 2,22,262 | 2,97,249 | 3,41,735 | 3,46,858 | 3,42,677 | 3,34,870 | 3,20,397 | 3,13,360 | 3,05,382 |
Fundamentals
Market Cap₹ 198 Cr.
Current Price₹ 1.70
Stock P/E10.2
Book Value₹ 2.77
ROCE5.29 %
ROE5.75 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)46%
Compounded Profit Growth (TTM)491%
Consolidated figures.
Valuation
Market capRs 179 Cr
Enterprise valueRs 207 Cr
P/E (TTM)9.27x
Price to book0.56x
Price to sales1.09x
EV / EBITDA10.67x
EV / EBIT10.67x
EV / sales1.26x
Earnings yield10.79%
P/E, 3-year average30.66x
P/B, 3-year average0.71x
P/E, 5-year average79.36x
P/B, 5-year average0.46x
Profitability
Operating margin (excl. other income)0.86%
Operating margin (incl. other income)11.79%
EBITDA margin11.81%
Pre-tax margin11.81%
Net profit margin11.77%
Net margin, latest quarter3.99%
ROE5.75%
ROCE5.29%
ROA4.52%
ROE, 3-year average3.27%
ROCE, 3-year average3.14%
ROA, 3-year average2.77%
ROE, 5-year average1.97%
ROCE, 5-year average1.89%
ROA, 5-year average1.66%
ROIC (approx.)5.51%
Tax rate0.44%
Other income / net worth5.20%
Growth
Sales growth (latest year)23.80%
Profit growth (latest year)245.02%
Sales CAGR, 3 years150.73%
Profit CAGR, 3 years382.83%
Sales growth QoQ-15.62%
Profit growth QoQ-89.31%
Sales growth YoY (latest quarter)40.79%
Profit growth YoY (latest quarter)776.47%
Per share
EPS (TTM)Rs 0.17
EPS (latest year)Rs 0.15
EPS (latest quarter)Rs 0.01
EPS, 3-year averageRs 0.09
EPS, 5-year averageRs 0.05
Book value per shareRs 2.77
Sales per shareRs 1.41
Cash flow per shareRs -0.31
Free cash flow per shareRs -0.31
Efficiency
Asset turnover0.36x
Inventory turnover3.90x
Inventory days94 days
Debtor days95 days
Debtors turnover3.84x
Creditor days171 days
Cash conversion cycle18 days
Working capital days-22 days
Leverage
Total debtRs 36 Cr
Cash and bankRs 8 Cr
Net debtRs 28 Cr
Debt to equity0.11x
Net debt / EBITDA1.43x
Owners' fund to total sources75.08%
Debt to assets8.41%
Cash flow
Cash from Operating Activity (latest year)Rs -36 Cr
Cash from Investing Activity (latest year)Rs -10 Cr
Cash from Financing Activity (latest year)Rs 15 Cr
Net Cash Flow (latest year)Rs -31 Cr
Free cash flow (latest year)Rs -36 Cr
FCFE (approx.: FCF + change in debt)Rs -21 Cr
Cash from ops / profit, 5 years-1.37x
Statement figures
Net sales (TTM)Rs 164 Cr
Net sales (latest year)Rs 153 Cr
Sales (latest quarter)Rs 37 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 17 Cr
EBITDA (TTM)Rs 19 Cr
PBDT (TTM)Rs 19 Cr
Profit before tax (TTM)Rs 19 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 19 Cr
Net profit (latest year)Rs 18 Cr
Net profit (latest quarter)Rs 1 Cr
Cost of goods sold (latest year)Rs 151 Cr
Total expenditure (latest year)Rs 152 Cr
Total income (latest year)Rs 170 Cr
Share capitalRs 116 Cr
ReservesRs 206 Cr
Shareholders' fundsRs 322 Cr
Total assetsRs 430 Cr
InvestmentsRs 207 Cr
ReceivablesRs 40 Cr
InventoryRs 39 Cr
Other liabilitiesRs 71 Cr
Shares outstanding (crore)116.38
Ownership
Promoter holding15.02% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.3 is the lowest in its own 2.5-year history
(median 35.0, low 9.3, high 378.2).
P/B 0.56 is at the 70th percentile (median 0.10).
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.
| Period | EMPOWER | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -21.4% | -2.8% | -18.6 pts |
| 1 month | -23.4% | -6.8% | -16.6 pts |
| 3 months | -30.9% | -7.6% | -23.3 pts |
| 3 years | +58.8% | +14.2% | +44.6 pts |
| 5 years | +926.7% | +27.9% | +898.8 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -82% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 13% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 4438% vs sales +24% in 2026 |
| look | Inventory outrunning sales Inventory grew 246% vs sales +24% in 2026 |
| look | Profit leans on other income Other income was 93% of pre-tax profit 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 2026Sales ₹37 Cr +40.8% vs Jun 2025.
Net profit ₹1 Cr +776.5%.
Against our estimate for Jun 2026: sales -12.0%, profit -32.5% in line. Our estimate for Sep 2026: sales Rs 56 Cr, profit Rs 3 Cr (how).
Activity
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| Coforge Ltd | 76,291 | 39.8 | 23.5 % |
| Mphasis Ltd | 41,138 | 21.2 | 22.1 % |
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| KPIT Technologies Ltd | 14,247 | 22.8 | 26.3 % |
| IDream Film Infrastructure Company Ltd | 13,309 | % | |
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No bulk or block deals on record.
No corporate actions on record.
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.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months
Quick answers
What is the market cap of Empower India Ltd?
Empower India Ltd (EMPOWER) has a market capitalisation of Rs 198 Cr. at the 2026-10-01 close.
What is the P/E ratio of Empower India Ltd?
Empower India Ltd trades at a P/E of 10.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Empower India Ltd's latest quarterly results?
In the Jun 2026 quarter, Empower India Ltd sales was Rs 37 Cr (+40.8% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Empower India Ltd?
The 52-week high is Rs 2.82 and the 52-week low is Rs 1.30.