EMPIRE INDUSTRIES LTD. (EMPIND) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of EMPIRE INDUSTRIES LTD. ₹1,569, price ₹1,006, upside +55.9%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹523.36 – ₹1,371 · fair‑value band ₹994.21 – ₹2,216 · the ₹1,006 price screens below the ₹1,569 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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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.
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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.
Stock analysis
EMPIRE INDUSTRIES LTD. (EMPIND) currently trades at ₹1,006, while our model-based Fair Value estimate is ₹1,569, implying the stock looks roughly 35.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,668 per share, and 8 of the 13 models we run sit above the ₹1,006 price.
Bear case: the Dividend Discount group reads lowest at ₹276.64, and 5 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹994.21 (bear) to ₹2,216 (bull), the price of ₹1,006 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap ₹6.0B (≈ $62.4M) · P/E ratio 10.8 · P/S ratio 0.76 · EPS (TTM) ₹93.48 · Dividend yield 2.5% · Net margin 7.0% · Return on equity 15.5% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at 56%, EMPIND screens cheaper than that median.
Fair Value models
Bear ₹994.21Fair Value ₹1,569Bull ₹2,216
Price ₹1,006 · Upside +55.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹36.59 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.3%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.5%
Dividend (yield on the price)2.5%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 10%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +8.0% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Conglomerates · 361 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+55.9% · Above median
Profitability
Return on equity (TTM)15.5% · Top 25%
Return on assets5.6% · Top 25%
Net margin (TTM)7.5% · Above median
Operating margin (TTM)8.6% · Above median
Growth and dividend
Revenue growth10.1% · Above median
Dividend yield (TTM)2.5% · Above median
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
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Is EMPIRE INDUSTRIES LTD. (EMPIND) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹1,569 versus a price of ₹1,006, about +56% upside (undervalued).
What is the fair value of EMPIND?
Our model-based fair value for EMPIRE INDUSTRIES LTD. is ₹1,569 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹1,006.
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 price target for EMPIRE INDUSTRIES LTD. (EMPIND)?
Our model-based price target is the fair value of ₹1,569 (as of Oct 2, 2026) from 13 valuation models. Cautious scenario ₹994.21, optimistic scenario ₹2,216. It is a calculation from audited fundamentals, not an analyst target.
What is the EMPIRE INDUSTRIES LTD. stock forecast for 2026?
Our models put fair value at ₹1,569, about +56% upside versus a price of ₹1,006 (undervalued). Cautious scenario ₹994.21, optimistic scenario ₹2,216. The calculation is refreshed regularly with new filings.
What is the revenue of EMPIRE INDUSTRIES LTD. (EMPIND)?
EMPIRE INDUSTRIES LTD. reported trailing-twelve-month revenue of about ₹7.5B (latest available figure, as of Oct 2, 2026).
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 Oct 2, 2026).
What growth is priced into EMPIRE INDUSTRIES LTD. (EMPIND)?
For today's price to be fair in a discounted-cash-flow model, EMPIRE INDUSTRIES LTD. would have to grow free cash flow by +12.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.3 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of EMPIND use?
Our models discount EMPIRE INDUSTRIES LTD. at 13.9 %: a base by market capitalisation (micro), damped by beta 0.09, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For EMPIRE INDUSTRIES LTD. that is +12.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has EMPIRE INDUSTRIES LTD. (EMPIND) delivered so far?
Over the past 5 years revenue at EMPIRE INDUSTRIES LTD. grew +8.3 % a year. The price currently implies +12.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of EMPIRE INDUSTRIES LTD. (EMPIND) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into EMPIRE INDUSTRIES LTD. (+12.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EMPIRE INDUSTRIES LTD. (EMPIND)?
The free-cash-flow yield on the price is 7.49 %: that much free cash flow EMPIRE INDUSTRIES LTD. produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EMPIRE INDUSTRIES LTD. (EMPIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EMPIRE INDUSTRIES LTD. it is ₹1,569 per share (as of Oct 2, 2026), against a price of ₹1,006. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is EMPIRE INDUSTRIES LTD. stock overvalued or undervalued in 2026?
As of Oct 2, 2026, EMPIND trades below its calculated fair value: price ₹1,006, fair value ₹1,569, a gap of about +56% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EMPIND?
No. The price is what the market pays today (₹1,006); the fair value is what the company's own numbers justify (₹1,569). For EMPIRE INDUSTRIES LTD. the two are ₹562.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is EMPIRE INDUSTRIES LTD. worth?
The market values EMPIRE INDUSTRIES LTD. at about ₹6.0B (market capitalisation, as of Oct 2, 2026). Per share that is ₹1,006; our models calculate a fair value of ₹1,569 per share.
What do the bullish and bearish scenarios say about EMPIND?
Our models span a range for EMPIRE INDUSTRIES LTD.: cautious scenario ₹994.21, base ₹1,569, optimistic ₹2,216 per share (as of Oct 2, 2026, price ₹1,006). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EMPIND?
EMPIRE INDUSTRIES LTD. trades at a price-to-earnings ratio of 10.8 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,569 is built from several models across several years. Other multiples: P/B 1.7, P/S 0.8, EV/EBITDA 6.1.
How solid is the balance sheet of EMPIRE INDUSTRIES LTD. (EMPIND)?
Balance-sheet figures for EMPIRE INDUSTRIES LTD. (as of Oct 2, 2026): return on equity 15.5%, debt of 0.19 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is EMPIND from its 52-week high?
EMPIRE INDUSTRIES LTD. trades at ₹1,006, about 18% below its 52-week high of ₹1,222 and 22% above the low of ₹825.10 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,569 is for.
Which stocks are comparable to EMPIRE INDUSTRIES LTD.?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EMPIRE INDUSTRIES LTD. stock attractive at the current price?
The data as of Oct 2, 2026: price ₹1,006, calculated fair value ₹1,569 (+56%), Quality Score 64/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EMPIND calculated?
We run EMPIRE INDUSTRIES LTD. through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,569, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. EMPIRE INDUSTRIES LTD. currently trades 36 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EMPIRE INDUSTRIES LTD. (EMPIND)?
The closing price on Oct 9, 2026 was ₹1,006. Our model-based fair value is ₹1,569, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EMPIRE INDUSTRIES LTD. right 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 (₹994.21 to ₹2,216) leaves room in how you read the outcome.
Key figures of EMPIRE INDUSTRIES LTD.
How large is the market capitalisation of EMPIRE INDUSTRIES LTD. (EMPIND)?
The market capitalisation of EMPIRE INDUSTRIES LTD. is ₹6.0B (≈ $62.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EMPIRE INDUSTRIES LTD. (EMPIND)?
The price-to-sales ratio of EMPIRE INDUSTRIES LTD. is 0.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EMPIRE INDUSTRIES LTD. (EMPIND)?
Earnings per share at EMPIRE INDUSTRIES LTD. are ₹93.48 (price ÷ EPS = P/E 10.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EMPIRE INDUSTRIES LTD. (EMPIND)?
The dividend yield of EMPIRE INDUSTRIES LTD. is 2.5% (payout 26.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of EMPIRE INDUSTRIES LTD. (EMPIND)?
The net margin of EMPIRE INDUSTRIES LTD. is 7.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EMPIRE INDUSTRIES LTD. (EMPIND)?
The return on equity (ROE) of EMPIRE INDUSTRIES LTD. is 15.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EMPIRE INDUSTRIES LTD. (EMPIND)?
On an EBIT basis the return on assets of EMPIRE INDUSTRIES LTD. is 7.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EMPIRE INDUSTRIES LTD. (EMPIND)?
The operating margin of EMPIRE INDUSTRIES LTD. is 8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EMPIRE INDUSTRIES LTD. (EMPIND)?
Revenue at EMPIRE INDUSTRIES LTD. is growing +10.1% versus a year earlier (3y avg +9.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EMPIRE INDUSTRIES LTD. (EMPIND)?
Earnings per share at EMPIRE INDUSTRIES LTD. are growing +47.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does EMPIRE INDUSTRIES LTD. (EMPIND) carry?
The net debt of EMPIRE INDUSTRIES LTD. is ₹525M (fiscal year 2026, ≈ 1.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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