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RATING

RECOMMENDATION

Buy

Business Type

Emerging Leader

  • unlisted stock logo
    EMPIRE SPICES AND FOOD LTD. Unlisted Shares Essentials


ISIN

INE041101010

Face Value

₹10.00

Total Share

48,40,630

Total Income

₹182.63 Cr

Profit After Tax

₹7.76 Cr

EPS

₹16.03

P/E

29.69

P/B

12.00

Market Capitalisation

₹230.41 Cr

Book Value

₹39.67 Cr

Intrinsic Value

₹300.00

Sector

Consumer Staples

Sub-sector

FMCG - Foods/Household/Personal Products

Cashflow - Operations

₹7.95 Cr

Cashflow - Financing

₹4.85 Cr

EMPIRE SPICES AND FOOD LTD. Growth

Compounded Sales Growth

  • 5.26%

    1 Year

  • 5.05%

    2 Year

Pro Only

Compounded Profit Growth

  • -1.90%

    1 Year

  • 21.58%

    2 Year

Pro Only

Return On Equity

  • 19.56%

    1 Year

  • 25.21%

    2 Year

Pro Only

About EMPIRE SPICES AND FOOD LTD.

  • Empire Spices and Food Limited is an unlisted public company located in Mumbai City, Maharashtra. They are the manufacturers and traders of Cooking Spices, Garam Masala, Indian Spices, Masala Papad, Snacks Masala, Pickle Masala, Vegetable Pickles.
  • There manufacturing plant is located in MumbaiCity, Maharashtra. 
  • There journey began from a small shop in the holy city of Nashik in Maharashtra. The sheer quality and the taste of the exotic spice blends developed soon became a favourite with the masses and necessitated the formation of a dedicated manufacturing unit to fulfill the market demand. It became the stepping stone of the renowned brand of spices – Ram Bandhu Masal
  • Gradually the demand and popularity of Ram Bandhu Masale started spreading to other cities of Maharashtra. With continual expansion a public limited company was established in 1994 with the name of “Empire Spices and Foods Ltd.”.

  • EMPIRE SPICES AND FOOD LTD. IPO Details

Currently,company has no intention to launch IPO.

  • EMPIRE SPICES AND FOOD LTD. Subsidiaries

The company does not have any subsidiary.

  • EMPIRE SPICES AND FOOD LTD. Revenue Segmentation

  • Revenue from Sale of Manufactured food Products
  • Revenue from sale of traded food products
  • Other Income
  • EMPIRE SPICES AND FOOD LTD. Product & Services

Products

  • Ground Spices
  • Blended Spices
  • Masale
  • Pickle
  • Papad
  • Sauces & Pastes
  • Chinese Spices
  • Hing
  • Snacks
  • EMPIRE SPICES AND FOOD LTD. Assets

Tangible Assets as on March 2020:

AssetsAmount in (Cr.)
Freehold LandRs.6.79
Plants and EquipmentRs. 19
BuildingsRs. 28
VehiclesRs.1.30

Intangible Assets as on March 2020:

Assets  Amount in (Cr.)
Software'sRs. 0.82
Brands and LicensesRs. 0.21


  • EMPIRE SPICES AND FOOD LTD. Industry Overview

Industry Statistics

The food industry is a complex, global network of diverse businesses that supplies most of the food consumed by the world's population. The term food industries covers a series of industrial activities directed at the production, distribution, processing, conversion, preparation, preservation, transport, certification and packaging of foodstuffs. The food industry today has become highly diversified, with manufacturing ranging from small, traditional, family-run activities that are highly labor-intensive, to large, capital-intensive and highly mechanized industrial processes. Many food industries depend almost entirely on local agriculture, produce, or fishing

  • The Indian food industry is poised for huge growth, in-creasing its contribution to world food trade every year. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry.
  • Accounting for about 32 per cent of the country’s total food market, The Government of India has been instrumental in the growth and development of the food processing industry. The government through the Ministry of Food Processing Industries (MoFPI) is making all efforts to encourage investments in the business. It has approved proposals for joint ventures (JV), foreign collaborations, industrial licenses, and 100 per cent export oriented units.

Future Prospects

  • India’s food processing sector is one of the largest in the world and its output is expected to reach US$ 535 bn by 2025-26.
  • This sector is expected to generate 9 mn jobs by 2024.
  • The Indian food industry is expanding at a CAGR of 11% and the food processing sector accounts for 32% of the to-tal food industry.

Government Initiatives

  • The Government of India aims to boost growth in the food pro-cessing sector by leveraging reforms such as 100 per cent for-eign direct investment (FDI) in marketing of food products and various incentives at central and state government level along with a strong focus on supply chain infrastructure.
  • The Indian Government, in the ‘Make in India’ campaign, has prioritised the food processing sector and promotes investments in the sector. In addition, the government has established 18 mega food parks and 134 cold chain projects to develop the food processing supply chain. These initiatives are likely to boost food processing companies. Also, the recent government initiatives—such as Rs. 10,000 crore (US$ 1.35 bn) scheme rolled out by the Finance Minister, Mrs. Nirmala Sitharaman, to support this in-dustry—have placed the food processing sector on a high growth trajectory.
  • The Government of India has relaxed foreign direct investment (FDI) norms for the sector, allowing up to 100 per cent FDI in food product e-commerce through automatic route.
  • The Food Safety and Standards Authority of India (FSSAI) plans to invest around Rs 482 crore (US$ 72.3 mn) to strengthen the food testing infrastructure in India, by upgrading 59 existing food testing laboratories and setting up 62 new mobile testing labs across the country.
  • The Ministry of Food Processing Industries announced a scheme for Human Resource Development (HRD) in the food processing sector. The HRD scheme is being implemented through State Governments under the National Mission on Food Processing. The scheme has the following four components:
  • Creation of infrastructure facilities for degree/diploma courses in food processing sector
  • Entrepreneurship Development Programme (EDP)
  • Food Processing Training Centres (FPTC)
  • Training at recognised institutions at State/National level

EMPIRE SPICES AND FOOD LTD. Strengths

  • Revenue from operations has been increased from INR 173 Cr. in 2019 to INR 182 Cr. in 2020, showcased a growth rate of 5.36%
  • There is a gradual increase in EBIT, EBITDA margin% from 2019 to 2020.
  • Company is in a good solvency position with minimum debt.

EMPIRE SPICES AND FOOD LTD. Shortcomings

  • The company has earned a profit during the year amounting to Rs 7.76 Cr. which was decreased as compared to previous year.

EMPIRE SPICES AND FOOD LTD. Opportunities

  • India’s food processing sector is one of the largest in the world and its output is expected to reach US$ 535 bn by 2025-26.
  • This sector is expected to generate 9 mn jobs by 2024.
  • The Indian food industry is expanding at a CAGR of 11% and the food processing sector accounts for 32% of the total food industry.
  • India’s food sector attracted US$ 4.18 bn in foreign direct investments between April 2014 and March 2020.
  • By 2030, Indian annual household consumption is expected to triple, making India the fifth-largest consumer in the world.

EMPIRE SPICES AND FOOD LTD. Threats

  • By 2030, Indian annual household consumption is expected to triple, making India the fifth-largest consumer in the world.
  • Lack of focus on quality and safety standards; and not having enough of product development and innovation.
EMPIRE SPICES AND FOOD LTD. Rating

  • RECOMMENDATION

    Buy

  • EMPIRE SPICES AND FOOD LTD. Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

Registered Date

02/09/1994

Planify Ticker

esflasd

Reg Office: Empire House, Plot No.30, 5th Crossing, Govind Nagar, Nashik, Maharashtra 422007

Website: https://www.esfl.co.in/