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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 509525 | NSE: EMPIND

Empire Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:01 am

Market Cap 841 Cr.
Current Price 1,401
High / Low 1,599/800
Stock P/E19.9
Book Value 510
Dividend Yield1.78 %
ROCE15.4 %
ROE12.6 %
Face Value 10.0
PEG Ratio0.79

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Empire Industries Ltd 841 Cr. 1,401 1,599/80019.9 5101.78 %15.4 %12.6 % 10.0
Borosil Ltd 5,011 Cr. 419 516/28471.6 63.50.00 %14.3 %12.1 % 1.00
Agarwal Fortune India Ltd 7.39 Cr. 21.0 44.6/15.492.4 1.510.00 %18.7 %24.1 % 10.0
La Opala RG Ltd 3,535 Cr. 318 403/29030.6 73.61.57 %18.7 %15.3 % 2.00
Borosil Renewables Ltd 7,867 Cr. 602 669/403 65.30.00 %3.94 %8.59 % 1.00
Industry Average7,131.40 Cr586.3354.88135.990.60%14.34%14.57%4.17

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales96.93111.95143.10192.06147.88184.10171.99177.62147.64153.53152.85152.01151.67
Expenses88.5499.77129.96166.80131.63164.58156.02150.73131.93134.76145.89129.31135.30
Operating Profit8.3912.1813.1425.2616.2519.5215.9726.8915.7118.776.9622.7016.37
OPM %8.66%10.88%9.18%13.15%10.99%10.60%9.29%15.14%10.64%12.23%4.55%14.93%10.79%
Other Income4.791.481.402.701.712.096.204.472.032.9314.765.053.07
Interest5.656.085.719.616.698.347.3110.895.567.545.278.414.88
Depreciation3.623.443.833.764.074.214.414.474.064.114.234.073.88
Profit before tax3.914.145.0014.597.209.0610.4516.008.1210.0512.2215.2710.68
Tax %10.23%18.12%30.00%8.77%17.36%13.80%21.53%15.19%24.63%19.90%16.37%17.42%9.36%
Net Profit3.513.393.5013.305.957.818.2013.576.128.0610.2212.609.69
EPS in Rs5.855.655.8322.179.9213.0213.6722.6210.2013.4317.0321.0016.15

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales278248352385405473526575490544682606610
Expenses223251290324338411467500447485603542545
Operating Profit55-46361676259754359796465
OPM %20%-2%18%16%17%13%11%13%9%11%12%11%11%
Other Income8705562733122310142526
Interest911910141620323527332726
Depreciation78121091311151915171616
Profit before tax47484647506061401328434648
Tax %25%24%26%34%32%22%28%15%-4%14%17%19%
Net Profit35363431344744341324363741
EPS in Rs58.5560.4256.9051.0856.7877.7873.0756.9722.0239.4859.2061.6767.61
Dividend Payout %41%40%42%47%44%32%34%44%114%63%42%41%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)2.86%-5.56%-8.82%9.68%38.24%-6.38%-22.73%-61.76%84.62%50.00%2.78%
Change in YoY Net Profit Growth (%)0.00%-8.41%-3.27%18.50%28.56%-44.62%-16.34%-39.04%146.38%-34.62%-47.22%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

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:4%
5 Years:15%
3 Years:26%
1 Year:47%
Return on Equity
10 Years:14%
5 Years:11%
3 Years:12%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital6666666666666
Reserves94114131144177206231228241250277294300
Borrowings6210094139130182225321259232183168209
Other Liabilities156160188217231193214229207219274259281
Total Liabilities318380419506544587677784713707740727795
Fixed Assets134134135217215217213317303352317315311
CWIP387084005710372759900
Investments000000000012946
Other Assets146175199289329313361395335346412383438
Total Assets318380419506544587677784713707740727795

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +35840344820-1340103537975
Cash from Investing Activity +-23-42-17-3-3-49-34-45-4-229-15
Cash from Financing Activity +-1322-2313-24175-5-82-45-89-52
Net Cash Flow-1-12-14421-12-41-11176197

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-7.00-104.00-31.00-78.00-63.00-120.00-166.00-246.00-216.00-173.00-104.00-104.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7089617468718070648310498
Inventory Days110189236239318265241286254252161180
Days Payable114811221256362505134415851
Cash Conversion Cycle66197175188323274272305284294207228
Working Capital Days-9585773124901321421131149284
ROCE %37%31%24%22%21%17%14%14%9%11%16%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%72.55%
DIIs12.49%12.32%12.14%12.10%10.45%8.93%8.55%7.48%6.45%6.38%6.38%6.37%
Public14.96%15.12%15.30%15.35%17.01%18.50%18.89%19.95%20.99%21.06%21.07%21.07%
No. of Shareholders5,7025,5685,5935,9706,6636,5616,5146,6226,7196,8336,9087,044

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)61.6759.2139.4922.0156.96
Diluted EPS (Rs.)61.6759.2139.4922.0156.96
Cash EPS (Rs.)89.1287.8163.9253.7681.93
Book Value[Excl.RevalReserv]/Share (Rs.)500.36472.35426.18411.74389.52
Book Value[Incl.RevalReserv]/Share (Rs.)500.36472.35426.18411.74389.52
Dividend / Share (Rs.)25.0025.0025.0025.0025.00
Revenue From Operations / Share (Rs.)1010.031135.98906.73817.10957.93
PBDIT / Share (Rs.)148.19155.15115.57110.98155.15
PBIT / Share (Rs.)120.75126.5591.1479.24130.17
PBT / Share (Rs.)76.1171.1746.0521.1667.06
Net Profit / Share (Rs.)61.6759.2139.4922.0156.96
PBDIT Margin (%)14.6713.6512.7413.5816.19
PBIT Margin (%)11.9511.1310.059.6913.58
PBT Margin (%)7.536.265.072.587.00
Net Profit Margin (%)6.105.214.352.695.94
Return on Networth / Equity (%)12.3212.539.265.3414.62
Return on Capital Employeed (%)15.1914.5910.539.4714.20
Return On Assets (%)5.084.803.351.854.36
Long Term Debt / Equity (X)0.190.360.530.540.69
Total Debt / Equity (X)0.530.590.860.871.20
Asset Turnover Ratio (%)0.820.940.760.650.78
Current Ratio (X)1.471.811.721.481.58
Quick Ratio (X)1.041.311.150.850.79
Inventory Turnover Ratio (X)0.750.750.560.891.20
Dividend Payout Ratio (NP) (%)40.5311.010.0031.1687.78
Dividend Payout Ratio (CP) (%)28.057.420.0012.7661.02
Earning Retention Ratio (%)59.4788.990.0068.8412.22
Cash Earning Retention Ratio (%)71.9592.580.0087.2438.98
Interest Coverage Ratio (X)3.322.802.561.912.95
Interest Coverage Ratio (Post Tax) (X)2.382.071.881.382.28
Enterprise Value (Cr.)615.47462.53527.72545.95553.87
EV / Net Operating Revenue (X)1.020.670.971.110.96
EV / EBITDA (X)6.924.977.618.205.95
MarketCap / Net Operating Revenue (X)0.880.530.650.770.52
Retention Ratios (%)59.4688.980.0068.8312.21
Price / BV (X)1.781.291.401.531.30
Price / Net Operating Revenue (X)0.880.530.650.770.52
EarningsYield0.060.090.060.030.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 1,301.54

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 7.10% compared to the current share price 1,401.00

Intrinsic Value of as of December 21, 2024 is: 1,628.91

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 16.27% compared to the current share price 1,401.00

Last 5 Year EPS CAGR: 25.15%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.25%, which is a positive sign.
  2. The company has higher reserves (206.69 cr) compared to borrowings (177.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (474.92 cr) and profit (44.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 89.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 234.42, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 6.1%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.19% (Industry Average ROCE: 14.34%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.32% (Industry Average ROE: 14.57%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.38
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.04
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 19.9 (Industry average Stock P/E: 45.73)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.53
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Empire Industries Ltd. is a Public Limited Listed company incorporated on 17/10/1900 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17120MH1900PLC000176 and registration number is 000176. Currently Company is involved in the business activities of Manufacture of hollow glassware (bottles, jars etc.) for the conveyance or packing of goods. Company’s Total Operating Revenue is Rs. 544.04 Cr. and Equity Capital is Rs. 6.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Glass & Glass ProductsEmpire Complex, Mumbai Maharashtra 400013investor_relations@empiremumbai.com
http://www.empiremumbai.com
Management
NamePosition Held
Mr. S C MalhotraChairman
Mr. Ranjit MalhotraVice Chairman & Mng.Director
Mr. Dileep MalhotraJoint Managing Director
Mr. Kabir MalhotraExecutive Director
Ms. Geetanjali R NaiduIndependent Woman Director
Mr. Rajbir SinghIndependent Director
Dr. Anuja MoheIndependent Director
Mr. Subodh ChandraIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹1301.54, which is 7.10% lower than the current market price of ₹1,401.00. The stock has a market capitalization of 841 Cr. and recorded a high/low of 1,599/800 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹300 Cr and total liabilities of ₹795 Cr.

What is the Market Cap of ?

The Market Cap of is 841 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 1,401.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,599/800.

What is the Stock P/E of ?

The Stock P/E of is 19.9.

What is the Book Value of ?

The Book Value of is 510.

What is the Dividend Yield of ?

The Dividend Yield of is 1.78 %.

What is the ROCE of ?

The ROCE of is 15.4 %.

What is the ROE of ?

The ROE of is 12.6 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE