# Empire Industries share price today (Empire Industries Ltd, NSE: EMPIND)

> Empire Industries share price today: ₹927.75 at the NSE close on 3 November 2026, down 13.0% in a year. Empire Industries (NSE: EMPIND) is worth ₹556 crore, trades at a P/E of 9.9 and has closed between ₹873.10 and ₹1,221.80 over the past 52 weeks. > Empire Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +49.6% in a year while the price moved −13.0%. EMPIND · Glass & Glass Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/empire-industries-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹927.75 (−13.0% in a year)
- P/E: 9.9× (lower than 98% of the last 11 years)
- Revenue (Jun 2026): ₹184 Cr (+10.2% on a year ago)
- Profit (Jun 2026): ₹14.0 Cr (+40.0% on a year ago)
- Operating margin: 11.0% (+2.0 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 15.3%, against a 12.0% cost of capital: +3.3 points

The main question: yearly earnings per share moved +49.6% while the share price moved −13.0%. ## What is the Empire Industries share price today? Empire Industries Ltd's share price was ₹927.75 at the close on 3 November 2026. It has been falling for 1 week. That is 14.5% 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 16% of the way up from that low. 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 −43% 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. ## What changed at Empire Industries this quarter? 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. ## What are Empire Industries' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹184 crore | ₹167 crore | +10.2% |
| Profit | ₹14.0 crore | ₹10.0 crore | +40.0% |
| Earnings per share | ₹23.62 | ₹16.03 | +47.3% |
| Operating margin | 11.0% | 9.0% | +2.0 points |

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.)

## What is the Empire Industries share price history? Empire Industries closed at ₹927.75 on 3 November 2026, down 13.0% from ₹1,066.05 a year earlier (31 October 2025) and up 20.9% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹943.70 | −1.7% |
| 1 month ago · 1 Oct 2026 | ₹1,059.20 | −12.4% |
| 1 year ago · 31 Oct 2025 | ₹1,066.05 | −13.0% |
| 3 years ago · 3 Nov 2023 | ₹981.90 | −5.5% |
| 5 years ago · 4 Nov 2021 | ₹767.60 | +20.9% |
| 10 years ago · 4 Nov 2016 | ₹1,852.95 | −49.9% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹1,616.75 | −42.6% |
| Highest weekly close since March 2016 · 5 Jan 2018 | ₹2,497.55 | −62.9% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹498.85 | +86.0% |
| 52-week high (weekly close) · 26 Aug 2026 | ₹1,221.80 | −24.1% |
| 52-week low (weekly close) · 6 Mar 2026 | ₹873.10 | +6.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (543 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Empire Industries? 3 Nov 2026: Empire Industries closed at ₹927.75, down 1.7% on the week and down 12.4% 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. ## What dividend does Empire Industries pay? Empire Industries paid ₹25 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 2.69% at the ₹927.75 close on 3 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 9 Sep 2026 | ₹50 | Dividend + Special |

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. 0 of 5 Of the last 5 financial years, years with an NSE dividend record

₹25 Special dividends, last 12 months

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 4 November 2026.)

## What did Empire Industries management say on the latest results call? 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 the future of Empire Industries? What is changing in the business? 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.)

## What could change the Empire Industries story? What are the risks? 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.)

## What to watch in Empire Industries' next results? 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. | What to check | Why |
| --- | --- |
| Delayed quarterly reporting or qualified audit observations. | Absence of Management Earnings Commentary |
| Decline in core operating profit masked by sharp increases in non-operating items. | Recurrent Non-Operating Income Flattery |
| Two consecutive quarters with operating margins below 8 percent. | Quarterly Operating Margin Fluctuations |
| Annual cash conversion cycle expanding beyond 220 days. | Working Capital Re-expansion Risk |
| Further decline in institutional stake below 4 percent. | Low Institutional Participation and Trading Float |

## Which stock lists is Empire Industries on? Empire Industries is on one of our India lists: Dividend stocks. [Dividend stocks Regular dividend yield (%): 2.7](https://www.sectoralpha.in/dividend-stocks-india)

## Is Empire Industries profitable? 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. 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. ## How much revenue does Empire Industries make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Empire Industries keep? 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. 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. ## Is Empire Industries' profit turning into cash? 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. 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. ## Where does Empire Industries' cash go? 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. 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. ## What is Empire Industries' P/E ratio, and how does it compare with its own history? Empire Industries Ltd's P/E is 9.9×, about the lowest it has ever been. 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. Why the multiple is where it is: over the past year earnings per share moved +49.6% while the price moved −13.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +3.9% a year; about +36.1% a year came from earnings growth and about −32.2 percentage points from the multiple (the market paying less); over 10 years the price moved −6.7% a year; about +5.4% a year came from earnings growth and about −12.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Empire Industries share price assume? Worked out from its price on 27 August 2026, Empire Industries Ltd's share price assumed profit growth of about 4.1% a year. Over the past 10 years its profit actually grew 5.3% a year. Today its P/E is 9.9×, lower than 98% of its own last 11 years. This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Empire Industries business getting better or worse? Empire Industries Ltd's business is turning around. Profit growth has swung from −14.6% at its low to +60.0%, improving for 3 quarters in a row, with ROCE rising at 17.5%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Empire Industries story, and has it been checked? Empire Industries Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: MID EXPANSION. Still open: 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. Our read, 22 August 2026. What is proven. What is not proven yet. 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. What would change our mind. 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. The test written in advance. 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. Measured by: the thesis as written as stated by the next result. The test written in advance. Absence of Management Earnings Commentary. Measured by: Absence of Management Earnings Commentary Delayed quarterly reporting or qualified audit observations. by the next result. The test written in advance. Recurrent Non-Operating Income Flattery. Measured by: Recurrent Non-Operating Income Flattery Decline in core operating profit masked by sharp increases in non-operating items. by the next result. What the company does. The business generated 358 Cr rupees of operating cash flow over five years against 26 Cr rupees of capital expenditure. Cumulative free cash flow funded 87 Cr rupees of debt repayment, lowering total borrowings from 232 Cr rupees to 172 Cr rupees. What the surface reading misses. What the surface reading misses. The surface reading is: Operating cash flow declined from 92 Cr rupees in fiscal 2025 to 59 Cr rupees in fiscal 2026, appearing as cash flow weakness. The research reads it further: Operating cash flow in fiscal 2025 was elevated by 41 Cr rupees of working capital release, whereas fiscal 2026 absorbed 9 Cr rupees of working capital while cash profit expanded from 51 Cr rupees to 68 Cr rupees. Lever 4 · Paying down debt: building. Operating cash generation funds debt reduction without external equity dilution. What proves it keeps working: Self-Funded Balance Sheet Deleveraging. It stops working if Operating cash flow falls below 40 Cr rupees annually or capital expenditure expands beyond free cash generation. Lever 1 · Operating leverage: building. Revenue scaling expands manufacturing profit margins. What proves it keeps working: Operating Leverage in Core Manufacturing. It stops working if Quarterly revenue drops below 160 Cr rupees or operating margins fall below 8 percent. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## What is Empire Industries management's track record? Statutory cash flows show a useful multi-year record, but current management explanations and a stress-period promise trail are unavailable. ### Regulatory and governance record

An old 2017 SEBI settlement in the scrip involved a ₹2 lakh payment; no current company enforcement action surfaced. Sources:

- [motilaloswal.com](https://www.motilaloswal.com/share-market/empire-industries-ltd)
- [casemine.com](https://www.casemine.com/judgement/in/63354065475a3741b8e064ff)
- [vinodkothari.com](https://vinodkothari.com/2023/03/pledge-of-shares-by-promoter-entities/)

(Checked 30 August 2026.)

## How much does Empire Industries earn on its capital? Empire Industries Ltd earned a ROCE of 18% in FY26. That is up from a low of 9% in FY21. Its return on capital used (ROIC) is 3.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.1% net margin and 0.90× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.1% net margin × 0.90× asset turnover × 2.32× leverage (assets divided by equity) ≈ 14.8% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 15.3% − 12.0% = +3.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Empire Industries have too much debt? Empire Industries Ltd has total debt of ₹172 Cr against shareholder equity of ₹351 Cr as of Jun 2026, so its debt is 0.49× its equity. Year by year, that ratio went from 0.91 in FY22 to 0.49 in FY26. Keep that borrowing in mind when reading the returns on this page. Why this happened. Between fiscal 2022 and fiscal 2026, Empire Industries generated 358 Cr rupees in operating cash flow while requiring only 26 Cr rupees for capital expenditure. The resulting 332 Cr rupees of free cash flow enabled 87 Cr rupees of debt repayments, reducing total borrowings from 232 Cr rupees to 172 Cr rupees. Annual interest expense moderated from 10 Cr rupees in March 2026 to 5 Cr rupees in June 2026. ## What is the Empire Industries shareholding pattern? No group of Empire Industries Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 72.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.1 points over 8 quarters, to 5.8%; Promoters: +0.0 points over 8 quarters, to 72.5%. ## How far is Empire Industries from balance-sheet trouble? For Empire Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Empire Industries rank in its industry? 61.4 out of 100, rank 2 of 6 in Glass & Glass Products, with 81% of the evidence available. Empire Industries Ltd scores 61.4 out of 100 against the 6 companies it is compared with in Glass & Glass Products, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.9 + 12.9 + 17.2 + 10.4 = 61.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Empire Industries compared with? Empire Industries ranks 2 of 6 Glass & Glass Products companies on the 4-Factor Sector Score, with 61.4 out of 100. 1. [Sejal Glass Ltd](https://www.sectoralpha.in/stocks/sejal-glass-ltd) SEJALLTD · turning · Most evidence points up · 90% evidence 71.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 51.8% · Profit 94.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.4/25 · ROCE 18.6% · Operating margin 17% · 100% evidence Valuation 12.6/20 · P/E 23.4× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 5.7% · Lead over NIFTY 500 11.4% · 1 year -17.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 22.5 + 16.4 + 12.6 + 20 = 71.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Empire Industries Ltd this page EMPIND · quiet · Evidence leans up · 81% evidence 61.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 8.1% · Profit 60% · Operating margin change 2 points · 88% evidence Capital efficiency 12.9/25 · ROCE 18% · Operating margin 11% · 100% evidence Valuation 17.2/20 · P/E 10× · PEG 1.2 · 100% evidence Relative strength 10.4/20 · Lead over its industry n/a · Lead over NIFTY 500 0.6% · 1 year -12.1% · 25% evidence · 1 of 5 weeks ahead Exact sum: 20.9 + 12.9 + 17.2 + 10.4 = 61.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Borosil Scientific Ltd](https://www.sectoralpha.in/stocks/borosil-scientific-ltd) BOROSCI · quiet · Evidence leans up · 78% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 12.1% · Profit 100% · Operating margin change 1.8 points · 100% evidence Capital efficiency 9.8/25 · ROCE 12.1% · Operating margin 9.3% · 100% evidence Valuation 15.3/20 · P/E 19.3× · PEG 0.56 · 65% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.3% · 1 year -25.4% · 25% evidence · 1 of 12 weeks ahead Exact sum: 26.6 + 9.8 + 15.3 + 8.2 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Saint-Gobain Sekurit India Ltd](https://www.sectoralpha.in/stocks/saint-gobain-sekurit-india-ltd) SEKURITIND · quiet · Evidence leans up · 81% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 16.7% · Profit 13.7% · Operating margin change -4.9 points · 88% evidence Capital efficiency 16.7/25 · ROCE 24% · Operating margin 16.3% · 100% evidence Valuation 17.9/20 · P/E 20.9× · PEG 0.66 · 100% evidence Relative strength 9.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -12.1% · 25% evidence · 0 of 5 weeks ahead Exact sum: 13.9 + 16.7 + 17.9 + 9.2 = 57.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. [Borosil Renewables Ltd](https://www.sectoralpha.in/stocks/borosil-renewables-ltd) BORORENEW · quiet · Evidence leans down · 75% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 11.8% · Profit 100% · Operating margin change -5 points · 95% evidence Capital efficiency 18.2/25 · ROCE 25.3% · Operating margin 26% · 76% evidence Valuation 10.9/20 · P/E 13.8× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -25.3% · Lead over NIFTY 500 -21.1% · 1 year -39.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.5 + 18.2 + 10.9 + 0 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Asahi India Glass Ltd](https://www.sectoralpha.in/stocks/asahi-india-glass-ltd) ASAHIINDIA · leader · Evidence leans down · 81% evidence 40.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 10.3% · Profit 26.5% · Operating margin change 7 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11.5% · Operating margin 23% · 100% evidence Valuation 1.9/20 · P/E 51.7× · PEG 9.1 · 100% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 3.6% · 1 year -1.9% · 25% evidence · 10 of 12 weeks ahead Exact sum: 16.9 + 10.3 + 1.9 + 11.6 = 40.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Glass & Glass Products](https://www.sectoralpha.in/sectors/glass-glass-products), all 6 compared on one page. ## Which companies are close to Empire Industries in size? Empire Industries is the 6th largest of 6 Glass & Glass Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Asahi India Glass, Borosil Renewables, Saint-Gobain Sekurit India, Borosil Scientific and Sejal Glass. It is the smallest. ### Glass & Glass Products companies close in size

1. [Asahi India Glass Ltd](https://www.sectoralpha.in/stocks/asahi-india-glass-ltd) ₹23,070 crore
2. [Borosil Renewables Ltd](https://www.sectoralpha.in/stocks/borosil-renewables-ltd) ₹5,691 crore
3. [Saint-Gobain Sekurit India Ltd](https://www.sectoralpha.in/stocks/saint-gobain-sekurit-india-ltd) ₹927 crore
4. [Borosil Scientific Ltd](https://www.sectoralpha.in/stocks/borosil-scientific-ltd) ₹905 crore
5. [Sejal Glass Ltd](https://www.sectoralpha.in/stocks/sejal-glass-ltd) ₹882 crore
6. Empire Industries Ltd ₹562 crore

[All 6 Glass & Glass Products companies, largest first](https://www.sectoralpha.in/sectors/glass-glass-products#all-companies)

### Companies close in size in other industries

1. [Kuantum Papers Ltd](https://www.sectoralpha.in/stocks/kuantum-papers-ltd) ₹565 crore · Paper
2. [Digilogic Systems Ltd](https://www.sectoralpha.in/stocks/digilogic-systems-ltd) ₹563 crore · Electronics - Others
3. Empire Industries Ltd ₹562 crore
4. [Sonaselection India Ltd](https://www.sectoralpha.in/stocks/sonaselection-india-ltd) ₹562 crore
5. [Fratelli Vineyards Ltd](https://www.sectoralpha.in/stocks/fratelli-vineyards-ltd) ₹561 crore · Alcoholic Beverages

## What else do people ask about Empire Industries? ### What is Empire Industries's share price today? Empire Industries Ltd's share price is ₹927.75, −13.0% over the past year. The whole company is worth ₹556 Cr on the market. In the last 52 weeks it traded between ₹873 to ₹1,222; today it is 16% of the way up from the low, 14.5% below its 200-day average (as of 3 November 2026). ### What were Empire Industries's latest quarterly results? Empire Industries Ltd reported revenue of ₹184 Cr and net profit of ₹14.0 Cr for the Jun 2026 quarter. Revenue rose 10.2% and profit rose 40.0% compared with a year earlier. Earnings per share were ₹23.62. The operating margin was 11.0%, 2.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Empire Industries's market cap? Empire Industries Ltd's market capitalisation is ₹556 Cr at a share price of ₹927.75. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### What is Empire Industries's P/E ratio? Empire Industries Ltd's P/E is 9.9×, higher than 2% of its own last 11 years. Its usual level (the middle reading) is 16.1×. This compares the price with the company's own past; it is not a view on what the shares are worth (as of 3 November 2026). ### How is Empire Industries valued against its own history? Against its own history, Empire Industries Ltd's valuation is low: its P/E of 9.9× has been lower only 2% of the time in 11 years (usual level 16.1×). This compares the price with the company's own past; it is not a view on what the shares are worth or where the price goes next (as of 3 November 2026). ### How is Empire Industries performing? Empire Industries Ltd's share price has been falling for 1 weeks. In its latest quarter, revenue rose 10.2% and profit rose 40.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 3 November 2026). ### Will Empire Industries's share price go up? This page does not forecast Empire Industries Ltd's share price. What it shows instead: the share price is ₹927.75, and it has been falling for 1 weeks. Its P/E of 9.9× is higher than 2% of its own last 11 years (as of 3 November 2026). ### Who owns Empire Industries? Promoters own 72.5% of Empire Industries Ltd, foreign institutions , domestic institutions 5.8% and the public 21.6% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is Empire Industries in its business cycle? Empire Industries Ltd's FY26 operating margin was 12.0%, against a 13-year range of −2.0% to 18.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Empire Industries story? The main question: yearly earnings per share moved +49.6% while the share price moved −13.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Empire Industries a stock worth studying right now? What the numbers show: Empire Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +49.6% in a year while the price moved −13.0%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Empire Industries share price forecast for 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. What would change the story: 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. ### Where does this page get Empire Industries' management information? From Empire Industries' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

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