EMPIND

Empire Industries financials

Market cap
₹632 Cr
Sector
Diversified

Quarterly results

Q1 FY27: revenue up 10.2%, net profit up 40.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue163 176 186 167 180 +10%189 +7%195 +5%184 +10%
EBITDA19 18 16 15 21 +11%17 −6%33 +106%20 +33%
Net profit10 11 4 10 12 +20%11 +0%19 +375%14 +40%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −10.1% 1Y

₹0.8k₹0.9k₹1.0k₹1.1k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1,172 on 10 Sept 2025 → ₹1,054. High ₹1,221.8 (26 Aug 2026), low ₹825.1 (23 Mar 2026).

Financials, as filed

Revenue grew 9.7% a year over 2 years, FY24 to FY26. Operating margin widened to 11.8%.

Year endingFY24FY25FY26
Revenue₹607 Cr₹677 Cr₹731 Cr
Operating profit₹65 Cr₹69 Cr₹86 Cr
Operating margin10.7%10.2%11.8%
Interest₹27 Cr₹27 Cr₹29 Cr
Depreciation₹16 Cr₹17 Cr₹16 Cr
Net profit₹37 Cr₹35 Cr₹52 Cr
Net margin6.1%5.2%7.1%
Cash from operations₹75 Cr₹92 Cr₹59 Cr
Free cash flow₹64 Cr₹86 Cr₹46 Cr
ROCE15.0%14.0%18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr
Reserves₹241 Cr₹250 Cr₹277 Cr₹294 Cr₹319 Cr₹345 Cr
Borrowings₹259 Cr₹232 Cr₹183 Cr₹168 Cr₹182 Cr₹172 Cr
Other liabilities₹207 Cr₹219 Cr₹274 Cr₹256 Cr₹301 Cr₹292 Cr
Total liabilities₹713 Cr₹707 Cr₹740 Cr₹724 Cr₹809 Cr₹815 Cr
Fixed assets₹303 Cr₹352 Cr₹317 Cr₹315 Cr₹299 Cr₹301 Cr
Capital work in progress₹75 Cr₹9 Cr₹9 Cr₹0 Cr₹3 Cr₹2 Cr
Investments₹0 Cr₹0 Cr₹1 Cr₹29 Cr₹59 Cr₹60 Cr
Other assets₹335 Cr₹346 Cr₹412 Cr₹380 Cr₹448 Cr₹453 Cr
Total assets₹713 Cr₹707 Cr₹740 Cr₹724 Cr₹809 Cr₹815 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count grew 6% to 7,635.

Promoters
72.5%
DIIs
6.0%
Public
21.5%

Since Jun 2025

  • Public −0.02 pp
  • Promoters 0.00 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 72.5%, DIIs 6.5%, Public 21.0%.Dec '23: Promoters 72.5%, DIIs 6.4%, Public 21.1%.Mar '24: Promoters 72.5%, DIIs 6.4%, Public 21.1%.Jun '24: Promoters 72.5%, DIIs 6.4%, Public 21.1%.Sep '24: Promoters 72.5%, DIIs 6.0%, Public 21.5%.Dec '24: Promoters 72.5%, DIIs 6.0%, Public 21.5%.Mar '25: Promoters 72.5%, DIIs 6.0%, Public 21.5%.Jun '25: Promoters 72.5%, DIIs 6.0%, Public 21.5%.Sep '25: Promoters 72.5%, DIIs 6.0%, Public 21.5%.Dec '25: Promoters 72.5%, DIIs 6.0%, Public 21.5%.Mar '26: Promoters 72.5%, DIIs 6.0%, Public 21.5%.Jun '26: Promoters 72.5%, DIIs 6.0%, Public 21.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Empire Industries Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Dileep Malhotra 27.05%unchanged
Ranjit Malhotra 18.59%unchanged
Randil Trading Company Private Limited 18.53%unchanged
LICI Asm Non Par Insurer5.95%unchanged
Kabir Malhotra 3.26%unchanged
Anjali Ranjit Malhotra 2.12%unchanged
Uma Malhotra 2.09%unchanged
Dheeraj Kumar Lohia 1.01%unchanged
S C MALHOTRA, Trustee, EIL Corporate Employees Welfare Fund 0.21%unchanged
S C MALHOTRA, Trustee, Garlick Engineering Employees Welfare Fund 0.20%unchanged
S C MALHOTRA, Trustee, Empire Dyeing Employees Welfare Fund 0.17%unchanged
S C MALHOTRA, Trustee, Empire Machine Tool Employees Welfare Fund 0.17%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹1054, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~18%. At that growth it is worth ₹2081 — upside of 97%.

Growth the price implies
5.2% a year
for 7 years, fading to 4%
It has actually compounded at
18.5% a year
net profit, FY24–FY26 · EPS 18.0%
The gap
-0.1 pp
97% downside if it only repeats history
Price today ₹1,054 Value at the reference growth ₹2,080.72

Change the assumptions yourself →

Learn to analyse Empire Industries Ltd.

Guides on how to read this kind of business and the numbers that matter.