EN DE

EMPIRE INDUSTRIES LTD. (EMPIND) Fair Value & Analysis

Industrials · IN · Market cap ₹6.1B

EI EMPIRE INDUSTRIES LTD. EMPIND · BSE
Price₹1,166
Fair Value₹1,585
Upside+35.9%
Quality64/100
Watch EMPIRE INDUSTRIES LTD. for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 7.1% net margin
Low debt · generates free cash flow
2.48% dividend yield
Ranks above peers (12/14)
Moderate moat 50/100
Evidence: High Range ₹988.69 – ₹2,255 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 6 days ago

A solid business, screening 36% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹988.69 to ₹2,255) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹1,371 ₹523.36 Fair Value ₹1,585 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹523.36 – ₹1,371 · fair‑value band ₹988.69 – ₹2,255 · the ₹1,166 price screens below the ₹1,585 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

EMPIRE INDUSTRIES LTD. (EMPIND) currently trades at ₹1,166, while our model-based Fair Value estimate is ₹1,585, implying the stock looks roughly 35.9% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, EMPIRE INDUSTRIES LTD. generated revenue of ₹7.3B at a net margin of 7.1%. Revenue grew 4.8% year over year. It earns a return on equity of 15.5%. Net debt stands at ₹525M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹988.69 (bear case) to ₹2,255 (bull case); at ₹1,166, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 36%, EMPIND screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹936.78 ₹1,450 ₹2,231 80
Residual Income ₹571.85 ₹730.45 ₹1,829 76
Rev-Margin DCF ₹1,045 ₹1,717 ₹2,530 74
All 13 models by family
DCF Models
Owner Earnings ₹1,103 ₹1,747 ₹2,748 31
5Y P/E Exit ₹1,168 ₹1,969 ₹2,843 38
10Y P/E Exit ₹1,074 ₹1,744 ₹2,626 35
Earnings-Based
Graham-Dodd ₹584.21 ₹2,208 ₹2,988 54
Lynch FV ₹534.64 ₹763.77 ₹992.90 50
Dividend Discount
Gordon GGM ₹219.57 ₹437.50 ₹662.50 70
DDM Multi-Stage ₹219.57 ₹378.10 ₹461.81 61
Multiples
P/E Multiple ₹1,353 ₹1,804 ₹2,255 63
P/B Multiple ₹1,095 ₹1,461 ₹1,826 55
Asset-Based
NCAV (Graham) ₹292.89 ₹392.47 ₹585.78 50
Growth DCF
Growth DCF ₹936.78 ₹1,450 ₹2,231 80
Rev-Margin DCF ₹1,045 ₹1,717 ₹2,530 74
Economic Profit
Residual Income ₹571.85 ₹730.45 ₹1,829 76

Widest divergence: DCF Models (₹1,747) versus Dividend Discount (₹378.10). Highest evidence: Growth DCF (80).

Notify me when EMPIND reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹7.3B
Revenue growth (YoY) +4.8%
Net margin 7.1%
Return on equity 15.5%
Free cash flow ₹452M FY2026
P/E ratio 13.6
More key figures
Operating margin 14.6%
EPS (TTM) ₹85.88
Dividend yield 2.5%
EPS growth (YoY) +327%
Net debt ₹525M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 68

Profitability 59
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Empire Industries Limited engages in the manufacture of container glass, trading of frozen foods, and indenting and property development businesses in India and internationally. The company manufacture and sells amber glass bottles for the pharmaceutical industry.

Full company description

Empire Industries Limited engages in the manufacture of container glass, trading of frozen foods, and indenting and property development businesses in India and internationally. The company manufacture and sells amber glass bottles for the pharmaceutical industry. It offers heavy-duty and high precision portal milling machines, mill turn centers, high precision five axis machining centers, horizontal boring machines, gear cutting machines, grinding machines for cylindrical and profile applications, center less grinding machines, special application grinding centers, and high precision and profile broaching machines for defense, aerospace and aircraft, railways, heavy engineering, automobile, energy and power, tool rooms, steel, fabricators, and machine tools manufacturers. In addition, the company provides consultancy services to steel, oil and gas, ports and shipyards, packaged solutions for fuel storage tanks and terminals, fire & safety equipment and systems, SMART CITY initiatives, renewable power, and water and waste management industries. Further, it is involved in providing vending machines that offer snacks, beverages, perishables, stationery, coins, sanitary pads, personal care products, and PPE's under the GRABBIT+ brand; markets and distributes frozen and chilled food, including marine foods and meat products to hotels, restaurants, and catering and retail chains; builds and manages flexible and customized furnished offices, and meeting and conference room facilities, as well as provides business support services; owns commercial properties and IT spaces; and develops property for micro, small, and medium enterprises, and residential complexes. The company was incorporated in 1900 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

EMPIRE INDUSTRIES LTD. reported revenue of ₹7.3B in FY2026 versus ₹4.3B in FY2022, a compound +14.4%/yr. Reported net income was ₹515M in FY2026, compounding +21.4%/yr from FY2022.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹7.3B
Latest YoY
+8.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.8%
Revenue +14.4%/yr
FY22 ₹4.3B
FY23 ₹5.6B
FY24 ₹4.9B
FY25 ₹6.8B
FY26 ₹7.3B
Net income +21.4%/yr
FY22 ₹237M
FY23 ₹355M
FY24 ₹370M
FY25 ₹344M
FY26 ₹515M

Watch EMPIND: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "EMPIRE INDUSTRIES LTD. Fair Value". https://www.fairvalue-calculator.com/stock/EMPIND

Peer Group

Conglomerates · 386 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside +36% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 13.6× · Cheaper than median
P/B 1.75× · Pricier than median
P/S (TTM) 0.84× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 6.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE81 · sector 31
FUTURE24 · sector 16
PAST62 · sector 18
HEALTH90 · sector 88
DIVIDEND43 · sector 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ITOCHU Corporation ITOCHU19 7.20 THB 14.40 THB +100%
SK Inc 034730 553,000 KRW 615,077 KRW +11%
PT Astra International Tbk, ASII 4,790 IDR 9,580 IDR +100%
SRF Limited SRF ₹2,585 ₹859.71 -67%
Empresas Copec S.A COPEC 6,011 CLP 10,959 CLP +82%
Posco International Corporation 047050 54,300 KRW 71,119 KRW +31%
Tube Investments of India Limited TIINDIA ₹2,741 ₹723.80 -74%
Doosan Corporation 000155 436,000 KRW 93,413 KRW -79%
Hanwha Corporation 000880 96,000 KRW 88,608 KRW -8%
Thermax Limited THERMAX ₹4,002 ₹1,343 -66%

Compare EMPIRE INDUSTRIES LTD. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is EMPIRE INDUSTRIES LTD. (EMPIND) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,585 versus a price of ₹1,166, about +36% (undervalued).
What is the fair value of EMPIND?
Our model-based fair value for EMPIRE INDUSTRIES LTD. is ₹1,585 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹1,166.
What is the quality score of EMPIND?
EMPIRE INDUSTRIES LTD. has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of EMPIRE INDUSTRIES LTD. (EMPIND)?
EMPIRE INDUSTRIES LTD. reported trailing-twelve-month revenue of about ₹7.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EMPIND?
The net profit margin of EMPIRE INDUSTRIES LTD. is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does EMPIRE INDUSTRIES LTD. pay a dividend?
EMPIRE INDUSTRIES LTD. currently shows a dividend yield of about 2.48% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track EMPIRE INDUSTRIES LTD. and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.