Empire Industries Ltd

Empire Industries Ltd

₹ 995 -1.97%
21 Nov - close price
About

Incorporated in 1900, Empire Industries Ltd manufactures container glass, trades in frozen foods, and does indenting and property development[1]

Key Points

Services Offered:[1]
a) Manufacture of Amber Glass
Bottles for the Pharmaceutical
Industry.
b) Representing a number of foreign manufacturers of Precision Machine
Tools, Measuring Instruments, Testing Machines, designing and marketing of
Industrial Equipment.
c) Imports Frozen & Chilled Foods
from around the Globe and distribute
it to leading Hotels & Restaurants.
d) Provides office space on Leave
and License basis to multinational
companies and banks.
e) Developing residential, commercial
and industrial galas on the land measuring
35 Acres at Ambernath with NOC from MIDC.
f) Provides customizable co-sharing of office space solutions to clients to run their business without increasing start-up costs and overhead expenses.

  • Market Cap 597 Cr.
  • Current Price 995
  • High / Low 1,228 / 800
  • Stock P/E 14.1
  • Book Value 510
  • Dividend Yield 2.51 %
  • ROCE 15.4 %
  • ROE 12.6 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 48.7%

Cons

  • The company has delivered a poor sales growth of 2.86% over past five years.
  • Company has a low return on equity of 11.6% over last 3 years.
  • Earnings include an other income of Rs.26.5 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Diversified Industry: Diversified - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
111.95 143.10 192.06 147.88 184.10 171.99 177.62 147.64 153.53 152.85 152.01 151.67 163.41
99.77 129.96 166.80 131.63 164.58 156.02 150.73 131.93 134.76 145.89 129.31 135.30 144.12
Operating Profit 12.18 13.14 25.26 16.25 19.52 15.97 26.89 15.71 18.77 6.96 22.70 16.37 19.29
OPM % 10.88% 9.18% 13.15% 10.99% 10.60% 9.29% 15.14% 10.64% 12.23% 4.55% 14.93% 10.79% 11.80%
1.48 1.40 2.70 1.71 2.09 6.20 4.47 2.03 2.93 14.76 5.05 3.07 3.65
Interest 6.08 5.71 9.61 6.69 8.34 7.31 10.89 5.56 7.54 5.27 8.41 4.88 7.48
Depreciation 3.44 3.83 3.76 4.07 4.21 4.41 4.47 4.06 4.11 4.23 4.07 3.88 4.16
Profit before tax 4.14 5.00 14.59 7.20 9.06 10.45 16.00 8.12 10.05 12.22 15.27 10.68 11.30
Tax % 18.12% 30.00% 8.77% 17.36% 13.80% 21.53% 15.19% 24.63% 19.90% 16.37% 17.42% 9.36% 13.27%
3.39 3.50 13.30 5.95 7.81 8.20 13.57 6.12 8.06 10.22 12.60 9.69 9.81
EPS in Rs 5.65 5.83 22.17 9.92 13.02 13.67 22.62 10.20 13.43 17.03 21.00 16.15 16.35
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
278 248 352 385 405 473 526 575 490 544 682 606 620
223 251 290 324 338 411 467 500 447 485 603 542 555
Operating Profit 55 -4 63 61 67 62 59 75 43 59 79 64 65
OPM % 20% -2% 18% 16% 17% 13% 11% 13% 9% 11% 12% 11% 11%
8 70 5 5 6 27 33 12 23 10 14 25 27
Interest 9 11 9 10 14 16 20 32 35 27 33 27 26
Depreciation 7 8 12 10 9 13 11 15 19 15 17 16 16
Profit before tax 47 48 46 47 50 60 61 40 13 28 43 46 49
Tax % 25% 24% 26% 34% 32% 22% 28% 15% -4% 14% 17% 19%
35 36 34 31 34 47 44 34 13 24 36 37 42
EPS in Rs 58.55 60.42 56.90 51.08 56.78 77.78 73.07 56.97 22.02 39.48 59.20 61.67 70.53
Dividend Payout % 41% 40% 42% 47% 44% 32% 34% 44% 114% 63% 42% 41%
Compounded Sales Growth
10 Years: 9%
5 Years: 3%
3 Years: 7%
TTM: -5%
Compounded Profit Growth
10 Years: 0%
5 Years: 4%
3 Years: 41%
TTM: 18%
Stock Price CAGR
10 Years: 1%
5 Years: 6%
3 Years: 10%
1 Year: 5%
Return on Equity
10 Years: 14%
5 Years: 11%
3 Years: 12%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 94 114 131 144 177 206 231 228 241 250 277 294 300
62 100 94 139 130 182 225 321 259 232 183 168 209
156 160 188 217 231 193 214 229 207 219 274 259 281
Total Liabilities 318 380 419 506 544 587 677 784 713 707 740 727 795
134 134 135 217 215 217 213 317 303 352 317 315 311
CWIP 38 70 84 0 0 57 103 72 75 9 9 0 0
Investments 0 0 0 0 0 0 0 0 0 0 1 29 46
146 175 199 289 329 313 361 395 335 346 412 383 438
Total Assets 318 380 419 506 544 587 677 784 713 707 740 727 795

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
35 8 40 34 48 20 -13 40 103 53 79 75
-23 -42 -17 -3 -3 -49 -34 -45 -4 -2 29 -15
-13 22 -23 13 -24 17 5 -5 -82 -45 -89 -52
Net Cash Flow -1 -12 -1 44 21 -12 -41 -11 17 6 19 7

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 70 89 61 74 68 71 80 70 64 83 104 98
Inventory Days 110 189 236 239 318 265 241 286 254 252 161 180
Days Payable 114 81 122 125 63 62 50 51 34 41 58 51
Cash Conversion Cycle 66 197 175 188 323 274 272 305 284 294 207 228
Working Capital Days -9 58 57 73 124 90 132 142 113 114 92 84
ROCE % 37% 31% 24% 22% 21% 17% 14% 14% 9% 11% 16% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55% 72.55%
12.32% 12.14% 12.10% 10.45% 8.93% 8.55% 7.48% 6.45% 6.38% 6.38% 6.37% 5.95%
15.12% 15.30% 15.35% 17.01% 18.50% 18.89% 19.95% 20.99% 21.06% 21.07% 21.07% 21.49%
No. of Shareholders 5,5685,5935,9706,6636,5616,5146,6226,7196,8336,9087,0447,517

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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