Empire Industries Ltd Stock Analysis

BSE: 509525 | NSE: | Glass | Small Cap

BSE Share Price 24-Mar-2023 18:03
620.35 0.05 (0.01%)

DeciZen - Make an Informed Decision on Empire Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Empire Inds Price Chart

P/E Ratio ( SA) :
10.56
Market Cap :
372.2 Cr.
52-wk low :
525
52-wk high :
870
Bole Toh?

1. Is Empire Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Empire Industries Ltd is a average quality company.

2. Is Empire Industries Ltd undervalued or overvalued?

The key valuation ratios of Empire Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Empire Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Empire Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Empire Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Empire Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 26.4%22.1%18%14%14.3%12.8%10.1%10.8%7.3%8.7%-
Value Creation Index 0.90.60.3-00.0-0.1-0.3-0.2-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 280314354385405473526575490544696
YoY Gr. Rt. %-12.1%12.9%8.7%5.2%16.8%11.2%9.2%-14.7%11%-
Adj EPS 5657.656.749.355.756.249.45220.537.758.8
YoY Gr. Rt. %-2.9%-1.6%-13%13%0.9%-12.2%5.3%-60.6%83.8%-
BVPS (₹) 166.9199.3227.3249.7305.3353.5395.6389.5411.7426.2459.9
Adj Net Profit 33.634.63429.633.433.729.631.212.322.635
Cash Flow from Ops. 34.68.339.634.448.219.9-12.639.710352.8-
Debt/CF from Ops. 1.8122.44.12.79.1-17.97.42.24.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.7%6.1%1.1%11%
Adj EPS -4.3%-7.5%-8.6%83.8%
BVPS 116.92.53.5
Share Price -0.4% -19.7% 3.7% 4.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 36.931.526.620.720.117.113.213.25.1913.3
Op. Profit Mgn % 19.819.117.715.916.713.111.2138.810.811.1
Net Profit Mgn % 12119.67.78.37.15.65.42.54.25.1
Debt to Equity 0.60.80.70.90.70.911.30.90.9-
Working Cap Days 1261361531731561761902172421950
Cash Conv. Cycle 57728488881301371531671360

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.30%

Debt to equity has declined versus last 3 years average to 0.87

Sales growth is good in last 4 quarters at 46.32%

Sales growth has been subdued in last 3 years 1.12%

Net Profit has been subdued in last 3 years -8.62%

Latest Financials - Empire Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 58.8 6.5
TTM Sales (₹ Cr.) 696 57.2
BVPS (₹.) 459.9 0
Reserves (₹ Cr.) 270 21
P/BV 1.35 0.00
PE 10.56 94.78
From the Market
52 Week Low / High (₹) 525.00 / 870.00
All Time Low / High (₹) 2.05 / 2598.00
Market Cap (₹ Cr.) 372
Equity (₹ Cr.) 6
Face Value (₹) 10
Industry PE 29.4

Management X-Ray of Empire Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Empire Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Empire Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Empire Inds on 24-Mar-2023 18:03 is : 620.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Mar-2023 18:03 the market cap of Empire Inds stood at ₹ 372.2.
The latest PE ratio of Empire Inds as of 24-Mar-2023 18:03 is 10.56.
The latest PB ratio of Empire Inds as of 24-Mar-2023 18:03 is 1.35
The 52-week high of Empire Inds is ₹ 870.0 and the 52-week low is ₹ 525.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Empire Inds is ₹ 696.0 ( Cr.) .

About Empire Industries Ltd

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.
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