Empire Industries share price today

Empire Industries Ltd's share price was ₹949.45 at the close on 4 November 2026. It has been falling for 1 week. That is 12.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹873 and ₹1,222, and at that close it sat 22% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Empire Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 11 years the share price moved −41% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: revenue up on a year earlier for 9 quarters in a row.

1. Revenue up on a year earlier for 9 quarters in a row

   In the June 2026 quarter revenue was ₹184 crore, +10.2% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Empire Industries reported revenue of ₹184 crore, up 10.2% from ₹167 crore a year earlier, and a profit of ₹14.0 crore, up 40.0% from ₹10.0 crore.

Empire Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Empire Industries closed at ₹949.45 on 4 November 2026, down 9.8% from ₹1,052.25 a year earlier (7 November 2025) and up 23.7% over five years. Its highest weekly close since March 2016 was ₹2,497.55 on 5 January 2018.

Empire Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

543 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Empire Industries closed at ₹949.45, up 1.3% on the week and down 10.4% on the month. 9 Sep 2026: ex-date for a dividend + special dividend of ₹50 a share.

Earlier

• Results for April to June 2026: Revenue up 10.2% and profit up 40.0% on a year earlier.

Empire Industries paid ₹25 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 2.63% at the ₹949.45 close on 4 November 2026. The last was a dividend + special dividend of ₹50 a share, ex-date 9 September 2026.

Empire Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Empire Industries Ltd paid out 29% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Empire Industries' management made 0 promises we could check against what it later reported.

Our read after the April to June 2026 results, written 22 August 2026.

What is changing at Empire Industries, from the latest results and calls: self-funded balance sheet deleveraging, working capital cycle compression and operating leverage in core manufacturing.

• Self-Funded Balance Sheet Deleveraging. Operating cash generation funds debt reduction without external equity dilution. ✓ fact
• Working Capital Cycle Compression. Inventory stake reduction releases operational cash flow. ✓ fact
• Operating Leverage in Core Manufacturing. Revenue scaling expands manufacturing profit margins. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026.

A reversal in cash conversion where inventory days climb back above 200 days combined with borrowings exceeding 200 Cr rupees would break the capital allocation thesis.

Each change stops working if

• Self-Funded Balance Sheet Deleveraging: Operating cash flow falls below 40 Cr rupees annually or capital expenditure expands beyond free cash generation.
• Operating Leverage in Core Manufacturing: Quarterly revenue drops below 160 Cr rupees or operating margins fall below 8 percent.
• : Return on capital employed drops below 12 percent or book value deteriorates.

The main risks

• Absence of Management Earnings Commentary: Lack of quarterly conference calls limits operational visibility. ⚠ estimate
• Recurrent Non-Operating Income Flattery: Treasury and other income accounts for over one-third of quarterly pre-tax profit. ⚠ estimate
• Quarterly Operating Margin Fluctuations: Operating margins oscillate between 9 percent and 17 percent across quarters. ⚠ estimate
• Working Capital Re-expansion Risk: Reversal of inventory cycle gains could absorb operating cash. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026.

When Empire Industries reports July to September 2026, these are the 5 checks that show whether the story is still on course. First: Delayed quarterly reporting or qualified audit observations.

Empire Industries is on one of our India lists: Dividend stocks.

Empire Industries Ltd earned ₹14.0 Cr of net profit in the Jun 2026 quarter, +40.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹52.0 Cr. Over 10 years profit has grown 5.3% a year on average. That is 7.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹10.0 Cr.

For the full year, FY26 profit was ₹52.0 Cr (+52.9% on the year before).

Why profit moved: revenue changed +10.2% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +108.8% and revenue +8.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY26-Q4. revenue ₹195 Cr and profit ₹19 Cr as reported.

FY27-Q1. revenue ₹184 Cr and profit ₹14 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Empire Industries Ltd reported ₹184 Cr of revenue in the Jun 2026 quarter, +10.2% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 10 years it has grown 6.6% a year on average. The last full year, FY26, came in at ₹731 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹748 Cr.

FY26 revenue was ₹731 Cr, +8.0% on the year before.

Recent pace: the last four quarters grew +8.2% on average, against 6.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +8.1%, against +10.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +60.0%, against +16.9% a year (accelerating).

FY26-Q4. revenue ₹195 Cr and profit ₹19 Cr as reported.

FY27-Q1. revenue ₹184 Cr and profit ₹14 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Empire Industries Ltd's operating margin was 11.0% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −2.0% and 18.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Return on capital employed stands at 18 percent and return on equity at 15.6 percent. The stock trades at 11.9x trailing earnings and 1.9x book value of 586 rupees per share, representing the 14th percentile of its ten-year valuation range against a median of 16.7x.

Why the margin moved: operating margin changed +1.5 percentage points on the year while gross margin changed −4.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26-Q4. revenue ₹195 Cr and profit ₹19 Cr as reported.

FY27-Q1. revenue ₹184 Cr and profit ₹14 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 184% of Empire Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹59.0 Cr of operating cash against ₹52.0 Cr of profit. After ₹15.0 Cr of spending on assets, ₹44.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. The company compressed its cash conversion cycle from 294 days in fiscal 2022 to 179 days in fiscal 2026. Inventory stake decreased by 94 days from 252 days to 158 days, while debtor days declined from 83 days to 68 days. This structural improvement liberated working capital and supported operating cash flow conversion of 1.13x net profit in fiscal 2026.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 184% of profit came in as cash: the cash cycle got 85 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Empire Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 199 days in FY26, down from 284 days in FY21. It spent ₹26.0 Cr on assets over the last 3 years. Customers take 68 days to pay, and stock sits for 186 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹731 Cr, each day of that cycle ties up about ₹2.0 Cr, so roughly ₹399 Cr is tied up in the business at any time.

FY26: customers took 68 days to pay and stock sat for 186 days, about 6.1 months of sales sitting as stock, for a full cycle of 199 days, shorter than FY21's 284.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 186 days. Customers pay about 68 days after that. Suppliers are paid at 55 days. Together that makes the 199-day cycle.

Spending on assets: ₹26.0 Cr over the last 3 years, against ₹49.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Empire Industries Ltd's P/E is 10.1×, near the low end of its own history: it has been lower only 5% of the time. Its usual P/E (the middle reading) is 16.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.