Empire Spices and Foods Unlisted Shares
Empire Spices and Foods Limited is a Nashik-based maker of packaged spices, pickles, papad and related food products. It reported revenue from operations of ₹36,346.53 lakh and profit of ₹1,855.37 lakh for FY26.
Read the full company profileEmpire Spices and Foods share details
- Lot size
- 100 shares
- Min. investment
- ₹55,000
- Face value
- ₹10
- Implied market cap
- ₹266 Cr
- Shares outstanding
- 4,840,630
- Headquarters
- Nashik, Maharashtra
- ISIN
- INE041101010
- CIN
- U15100MH1994PLC080772
- Lock-in after IPO
- 6 months
Empire Spices and Foods share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About Empire Spices and Foods
Strengths
- Revenue from operations grew to ₹36,346.53 lakh in FY26 from ₹31,279.08 lakh in FY25, with sales coming from manufactured products.
- Profit for the year rose to ₹1,855.37 lakh from ₹1,557.20 lakh, and earnings per share moved to ₹38.33 from ₹32.17.
- Leverage is coming down. The debt equity ratio improved to 0.22 from 0.34, and finance costs fell to ₹273.86 lakh from ₹458.88 lakh.
- Net worth increased to ₹12,779.93 lakh from ₹10,997.17 lakh, mostly through retained profits in reserves.
- The company owns its factory assets. Property, plant and equipment stood at ₹12,635.54 lakh, and capital work in progress of ₹596.59 lakh shows fresh investment.
- The company pays a dividend of ₹72.61 lakh a year and the debt service coverage ratio rose to 3.02 from 2.31.
Risks
- Marketing spend is large. Advertisement and marketing expenses rose to ₹4,286.35 lakh from ₹3,022.53 lakh, faster than revenue.
- Raw material costs are the biggest expense. Cost of materials consumed and goods resold was ₹20,143.54 lakh in FY26, so spice and pulse price swings can hit margins.
- Profit before tax of ₹2,448.15 lakh included other income of ₹379.94 lakh, of which ₹299.28 lakh was profit on sale of assets, which may not repeat.
- Cash and cash equivalents fell to ₹59.93 lakh from ₹361.78 lakh, while borrowings remain at ₹1,356.68 lakh long term and ₹1,434.74 lakh short term.
- Inventories rose to ₹4,531.06 lakh from ₹3,843.82 lakh and trade receivables to ₹980.03 lakh from ₹436.04 lakh, tying up more working capital.
- Term loans and working capital facilities are secured by personal guarantees of the directors, linking the company's finances to its promoters.
- Export sales were only ₹13.19 lakh, so the business depends almost entirely on the domestic market.
- The company is closely held by the Rathi family, and unlisted shares trade off-market with indicative prices and limited liquidity.
Empire Spices and Foods financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY26Latest | FY25 |
|---|---|---|
| Revenue (₹ Cr) | 363 | 313 |
| PAT (₹ Cr) | 18.55 | 15.57 |
| PAT Margin (%) | 5.10 | 4.98 |
| RoNW (%) | 14.51 | 14.16 |
| EPS (₹) | 38.33 | 32.17 |
| Total Assets (₹ Cr) | 200 | 181 |
| Net Worth (₹ Cr) | 128 | 110 |
Swipe the table sideways for earlier years →
Management team
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Empire Spices and Foods unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
