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Last Updated: April 2, 2026, 4:33 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504351 | NSE: EMPOWER

Empower India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1.18Fairly Valued by 9.26%vs CMP ₹1.08

P/E (31.6) × ROE (1.7%) × BV (₹2.64) × DY (2.00%)

₹0.93Overvalued by 13.89%vs CMP ₹1.08
MoS: -16.1% (Negative)Confidence: 37/100 (Low)Models: 2 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1.1828%Fair (+9.3%)
Graham NumberEarnings₹1.3317%Under (+23.1%)
Earnings PowerEarnings₹0.0913%Over (-91.7%)
DCFCash Flow₹0.1517%Over (-86.1%)
Net Asset ValueAssets₹2.639%Under (+143.5%)
Earnings YieldEarnings₹0.309%Over (-72.2%)
Revenue MultipleRevenue₹1.067%Fair (-1.9%)
Consensus (7 models)₹0.93100%Overvalued
Key Drivers: ROE 1.7% is below cost of equity. | Wide model spread (₹0–₹3) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.6%

*Investments are subject to market risks

Investment Snapshot

48
Empower India Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 1.8% WeakROE 1.7% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 15.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 2% SteadyWorking capital: -69 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -36% YoY DecliningProfit (4Q): -49% YoY Declining
Industry Rank55/100 · Moderate
P/E 31.6 vs industry 98.1 Cheaper than peersROCE 1.8% vs industry 14.9% Below peersROE 1.7% vs industry 21.0% Below peers3Y sales CAGR: 174% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:33 am

Market Cap 126 Cr.
Current Price 1.08
Intrinsic Value₹0.93
High / Low 2.74/1.03
Stock P/E31.6
Book Value 2.64
Dividend Yield0.00 %
ROCE1.78 %
ROE1.73 %
Face Value 1.00
PEG Ratio53.29

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

View Share Price Target for Empower India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Empower India Ltd 126 Cr. 1.08 2.74/1.0331.6 2.640.00 %1.78 %1.73 % 1.00
Visesh Infotecnics Ltd 125 Cr. 0.33 / 1.110.00 %2.21 %2.23 % 1.00
Elnet Technologies Ltd 122 Cr. 305 411/2856.17 4140.62 %15.4 %11.9 % 10.0
Xelpmoc Design and Tech Ltd 131 Cr. 89.0 165/80.0 52.10.00 %13.0 %13.4 % 10.0
AAA Technologies Ltd 118 Cr. 92.0 137/70.534.6 24.11.63 %16.0 %11.9 % 10.0
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Empower India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4.301.983.479.2017.1287.0038.0045.7223.7216.0926.5534.7047.81
Expenses 4.281.953.078.5513.7687.6335.8843.5823.5020.9528.2531.8747.44
Operating Profit 0.020.030.400.653.36-0.632.122.140.22-4.86-1.702.830.37
OPM % 0.47%1.52%11.53%7.07%19.63%-0.72%5.58%4.68%0.93%-30.21%-6.40%8.16%0.77%
Other Income 0.000.020.000.000.003.230.000.000.835.111.870.000.70
Interest 0.000.010.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax 0.020.040.400.653.362.602.122.141.050.250.172.831.07
Tax % 0.00%100.00%0.00%0.00%0.00%3.85%0.00%0.00%0.00%136.00%0.00%0.00%0.00%
Net Profit 0.02-0.010.400.653.362.502.122.141.05-0.090.172.831.07
EPS in Rs 0.00-0.000.000.010.030.020.020.020.01-0.000.000.020.01

Last Updated: March 3, 2026, 10:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:46 am

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1071039028100610117124125
Expenses 1071038528100610113124129
Operating Profit 0-050-0-0-0-004-0-3
OPM % 0%-0%6%0%-20%-483%-1%2%3%-0%-3%
Other Income 00000-13-800368
Interest 005000000000
Depreciation 100000800000
Profit before tax -0-00-00-13-15-00764
Tax % -179%43%69%0%25%0%0%0%20%1%6%
Net Profit 0-00-00-13-8-00754
EPS in Rs 0.00-0.000.00-0.000.00-0.12-0.07-0.000.000.060.040.03
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222024-2025
YoY Net Profit Growth (%)38.46%100.00%-28.57%
Change in YoY Net Profit Growth (%)0.00%61.54%-128.57%

Empower India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2020-2021 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:360%
3 Years:169%
TTM:-26%
Compounded Profit Growth
10 Years:43%
5 Years:81%
3 Years:291%
TTM:-62%
Stock Price CAGR
10 Years:11%
5 Years:53%
3 Years:103%
1 Year:-45%
Return on Equity
10 Years:0%
5 Years:1%
3 Years:1%
Last Year:2%

Last Updated: September 5, 2025, 3:21 pm

Balance Sheet

Last Updated: December 4, 2025, 2:49 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 116116116116116116116116116116116116
Reserves 222247239222222151142176176183188191
Borrowings 0434217016616600102127
Other Liabilities 436386483428245164239
Total Liabilities 381470484556539461261297298316367374
Fixed Assets 01070000000000
CWIP 00114000000000
Investments 272256254273273230197208207200193193
Other Assets 109107116283265231648992116174181
Total Assets 381470484556539461261297298316367374

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1585-10-114-23-16-1-618
Cash from Investing Activity + -17-31-7-345-15189189180
Cash from Financing Activity + 025142-4-0-166-1661-121
Net Cash Flow -22-0-20-1-080139
Free Cash Flow 153-2104-1-12100124
CFO/OP 5,511%-11,771%101%-14,343%667%-4,862%21,200%17,511%-663%-167%-92,450%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-43.00-37.00-170.00-166.00-166.000.000.00-1.004.00-21.00

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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5022131202000143
Inventory Days 121419692,1443012061933
Days Payable 14512418362814,15623617852118
Cash Conversion Cycle -83-108-162-429-11,80906628-19-82
Working Capital Days -83-108-171-430-12,053-152,935791-7-69
ROCE %-0%1%0%0%-0%-2%-0%0%2%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%0.00%0.00%0.25%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public 85.00%84.97%84.98%84.99%84.72%84.96%84.95%84.95%84.95%84.96%84.96%84.95%
No. of Shareholders 10,88811,40821,18865,9001,11,3332,22,2622,97,2493,41,7353,46,8583,42,6773,34,8703,20,397

Shareholding Pattern Chart

No. of Shareholders

Empower India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.040.050.000.00-0.07
Diluted EPS (Rs.) 0.040.050.000.00-0.07
Cash EPS (Rs.) 0.040.050.000.00-0.06
Book Value[Excl.RevalReserv]/Share (Rs.) 2.622.572.522.522.22
Book Value[Incl.RevalReserv]/Share (Rs.) 2.622.572.522.522.22
Revenue From Operations / Share (Rs.) 1.061.000.080.050.00
PBDIT / Share (Rs.) 0.040.060.000.000.00
PBIT / Share (Rs.) 0.040.060.000.000.00
PBT / Share (Rs.) 0.040.060.000.00-0.06
Net Profit / Share (Rs.) 0.040.050.000.00-0.06
NP After MI And SOA / Share (Rs.) 0.040.050.000.00-0.06
PBDIT Margin (%) 4.486.002.11-1.370.00
PBIT Margin (%) 4.486.002.11-1.370.00
PBT Margin (%) 4.486.002.05-1.370.00
Net Profit Margin (%) 4.215.911.64-1.370.00
NP After MI And SOA Margin (%) 4.215.911.64-1.370.00
Return on Networth / Equity (%) 1.712.300.05-0.02-2.95
Return on Capital Employeed (%) 1.822.340.07-0.02-0.03
Return On Assets (%) 1.422.180.05-0.02-2.93
Total Debt / Equity (X) 0.060.000.000.000.00
Asset Turnover Ratio (%) 0.360.380.030.020.00
Current Ratio (X) 0.920.911.041.352.67
Quick Ratio (X) 0.740.550.100.090.17
Inventory Turnover Ratio (X) 14.540.000.000.000.00
Interest Coverage Ratio (X) 27792.505010.0736.14-291.67-511.50
Interest Coverage Ratio (Post Tax) (X) 26092.504938.6429.04-291.67-511.50
Enterprise Value (Cr.) 156.08357.6936.7417.3917.40
EV / Net Operating Revenue (X) 1.263.063.782.730.00
EV / EBITDA (X) 28.0851.00178.37-198.79-170.08
MarketCap / Net Operating Revenue (X) 1.413.073.712.740.00
Price / BV (X) 0.571.200.120.050.06
Price / Net Operating Revenue (X) 1.413.073.712.750.00
EarningsYield 0.020.010.000.00-0.43

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Empower India Ltd. is a Public Limited Listed company incorporated on 20/02/1981 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51900MH1981PLC023931 and registration number is 023931. Currently Company is involved in the business activities of Other business support service activities. Company's Total Operating Revenue is Rs. 62.90 Cr. and Equity Capital is Rs. 116.38 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & Software25/25A, 2nd Floor, 327, Nawab Building, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. Rajesh ChavanNon Executive Chairman
Mr. Rajgopalan IyengarManaging Director & CFO
Mr. Dilip KumarNon Executive Director
Mr. Satyawan JankarNon Executive Director
Mrs. Fatema RizviIndependent Director
Mr. Naveenakumar KunjaruIndependent Director

FAQ

What is the intrinsic value of Empower India Ltd and is it undervalued?

As of 15 April 2026, Empower India Ltd's intrinsic value is ₹0.93, which is 13.89% lower than the current market price of ₹1.08, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.73 %), book value (₹2.64), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Empower India Ltd?

Empower India Ltd is trading at ₹1.08 as of 15 April 2026, with a FY2026-2027 high of ₹2.74 and low of ₹1.03. The stock is currently near its 52-week low. Market cap stands at ₹126 Cr..

How does Empower India Ltd's P/E ratio compare to its industry?

Empower India Ltd has a P/E ratio of 31.6, which is below the industry average of 98.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Empower India Ltd financially healthy?

Key indicators for Empower India Ltd: ROCE of 1.78 % is on the lower side compared to the industry average of 14.90%; ROE of 1.73 % is below ideal levels (industry average: 21.00%). Dividend yield is 0.00 %.

Is Empower India Ltd profitable and how is the profit trend?

Empower India Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹124 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Empower India Ltd pay dividends?

Empower India Ltd has a dividend yield of 0.00 % at the current price of ₹1.08. The company is currently not paying meaningful dividends.

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 Empower India Ltd. 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
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