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Empee Distilleries Ltd Stock Analysis

Small Cap
Evaluated by 370 users | BSE: 532920 | NSE: EDL |
Breweries & Distilleries
Empee Distilleries started over two decades ago in a small way in Chennai for manufacturing Indian made foreign liquor (IMFL); it has now expanded substantially with state-of-the-art manufacturing facilities not only in Tamil Nadu but also in Kerala, Karnataka and Andhra Pradesh. The...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Jun'08Mar'09Mar'10Mar'11Sep'12Sep'13Mar'15Mar'16Mar'17Mar'18
Return on Capital Employed 6.44%4.88%7.43%7.37%9.79%6.38%5.05%4.52%2.38%-11.02%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 486588571591665578608611499512
Y-o-Y Gr. Rt.-21%-2.9%3.4%12.6%-13.1%5.2%0.5%-18.3%2.5%
Adjusted EPS (Rs.) 7.937.18.999.0285.83-0.970.91-5.41-38.02
Y-o-Y Gr. Rt.--10.5%26.6%0.3%-11.3%-27.1%-116.6%NA-694.5%NA
Book Value per Share (Rs.) 165.47164.79125.59130.9394.6146.58100.67151.91134.3110.7
Adjusted Net Profit 15.113.517.117.115.211.1-1.81.7-10.9-76.7
Net Op. Cash Flow (Rs. Cr.) -10794.486.247.962.798.519.646.5-530
Debt to Cash Flow from Ops -0.580.921.023.041.581.384.452.43-3.120
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Empee Distilleries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 0.6%-5.1%-5.6%2.5%
Adjusted EPS -219%-236.6%NANA
Book Value per Share -4.43.23.2-17.6
Share Price -26% -40% -49.5% 58%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'08Mar'09Mar'10Mar'11Sep'12Sep'13Mar'15Mar'16Mar'17Mar'18
Return on Equity (%) 6.9146.736.578.263.81-0.920.57-3.69-29.19
Operating Profit Margin (%) 4.544.567.036.856.755.784.566.471.350.85
Net Profit Margin (%) 3.12.292.992.92.281.92-0.30.28-2.19-14.99
Debt to Equity 0.20.280.370.590.550.490.460.390.610.69
Working Capital Days 103105628251544380103104
Cash Conversion Cycle 14151315-2-22-16-3211
Entity Percentage Holding
Promoters 47.79%
Institutions 4.79%
Non-Institutions 47.42%
Pledged *99.9199.9199.9199.9199.9199.9099.9099.9099.9099.90
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Empee Distilleries Ltd's performance infers:

Empee Distilleries Ltd earnings have declined by -236.6%, whereas share price has depreciated -40% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Empee Distilleries Ltd share prices over the last 10 years. Here is what we found out:

Empee Distilleries Ltd share price has depreciated -27.8% annually over the past ten years.

Empee Distilleries started over two decades ago in a small way in Chennai for manufacturing Indian made foreign liquor (IMFL); it has now expanded substantially with state-of-the-art manufacturing facilities not only in Tamil Nadu but also in Kerala, Karnataka and Andhra Pradesh. The distinction of having manufacturing facilities in all the southern states is unique, which few national players can boast of. In the premium segment, Empee Distilleries holds a major share, which is the envy of

Empee Distilleries started over two decades ago in a small way in Chennai for manufacturing Indian made foreign liquor (IMFL); it has now expanded substantially with state-of-the-art manufacturing facilities not only in Tamil Nadu but also in Kerala, Karnataka and Andhra Pradesh. The distinction of having manufacturing facilities in all the southern states is unique, which few national players can boast of. In the premium segment, Empee Distilleries holds a major share, which is the envy of even all-India brands.

Similarly, in Kerala, the distillery unit at Palakkad is poised to reach the market leader position with its well-established brands.

Empee Distilleries’ Chennai unit is able to hold its sway in the premium segment intact for the past 20 years by virtue of high quality of its premium products like Empee’s Napoleon brandy and Premium whisky. The introduction of Old Secret rum has made a huge impact in the liquor industry with an innovative launch, marketing strategies and the quality of the product. Similarly, power brand of rum, brandy and whisky and the recent introduction of Old Secret brandy have created considerable expectations among the consumers and Empee Distilleries is hopeful of encashing the market potential.

In Kerala, its Victoria rum, Sixer rum and All Gold VSOP brandy have been a run-away success right from introduction and is the envy of the competition.

Empee Distilleries continued exploration for new markets has seen tie-ups with many local distillers across the country especially in Orissa, and Union Territories of Delhi and Pondicherry. It also owns some of the best brands of beer. The company is also coming out with diet beer shortly, and is planning a joint venture to launch foreign brands in India. identifying the need to match international standards in IMFL manufacturing, the Group has drawn plans to set up four grain distillation units in four major south Indian states with a planned capacity of 360 KL per day.

In 2011 -Empee Distilleries acquired 99.79% of the Paid up Share Capital of APPOLLO DISTILLERIES PVT LTD, which become a subsidiary of the Company.

Group companies

  • Appollo Alchobev, Bangalore - Karnataka
  • Empee Distilleries, Palakkad - Kerala
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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